Only look for BUY signal points in the current trend of Gold✏️The D1 candle closed with strong bullish force at the end of the day. The gold trend is still increasing wave 3 and there is no sign of correction. The reaction around 3385 in the Asian session this morning is being awaited to see if it is a recovery of Gold or not. The BUY strategy at important support zones is still maintained and pay attention to the price reaction of the candle.
📉 Key Levels
Support 3363-3346-3332
Resistance 3385 - 3407
Buy trigger: Confirmation of buying candle at support zones 3363-3346-3333
Target: 3400.00
Xauusdanalysis
XAUUSD rises due to tariff wars and weak economic dataXAUUSD rises due to tariff wars and weak economic data
Gold climbed to 3,380.00 level on August 7, hitting a two-week high, as renewed U.S. tariff threats and expectations of Federal Reserve rate cuts in September and December boosted its appeal. President Trump announced 100% tariffs on imported semiconductors (excluding U.S.-made), 25% on Indian imports, and 50% on select Brazilian goods. Additionally, Weak U.S. economic data and a cooling labor market further support gold’s rise.
Technically, price has formed the Pennant chart pattern right below the local resistance of 3,380.00. Further breakout of the level and ascending towards 3,440.00 level is expected in short-term.
"Gold Rejected at Resistance – Eyes Set on $3,350 Support"This 45-minute chart of Gold Spot (XAU/USD) highlights a possible bearish reversal pattern. After testing and rejecting resistance around the $3,400 level twice, price action shows signs of weakening bullish momentum. The chart suggests a corrective move is likely, targeting the support zone around $3,350, which aligns with the previous breakout level and horizontal support. Traders should watch for confirmation signals near the resistance before entering short positions. Keep an eye on volume and candlestick patterns to validate the move.🔍 Overview
Current Price: $3,380.32
Timeframe: 45-minute chart
Instrument: Gold Spot (XAU/USD)
Trend: Sideways to bearish bias near resistance
Key Zones:
Resistance: ~$3,400
Support (Target): ~$3,350
Major Support: ~$3,295–$3,300 (prior consolidation low)
---
🧱 Chart Structure & Key Observations
1. Double Top Formation
Price has tested the $3,400 zone twice and failed to break higher.
This creates a potential double top – a bearish reversal pattern.
2. Price Rejection
Long upper wicks near the top suggest strong selling pressure.
The recent move downward signals a shift in sentiment.
3. Bearish Impulse & Projection
The forecasted arrow shows a corrective move toward $3,350.
This level coincides with previous breakout structure and acts as a logical support retest.
Gold Price Trend Analysis and Trading Guidance (Exclusive)📣📣📣A technical analysis of gold's recent performance reveals that it has formed a four-day winning streak, demonstrating the strength of the upward trend and indicating that short-term upside potential has not yet been exhausted. Of note, the upper Bollinger Band at 3430 on the daily chart is acting as a key resistance level, and this level is likely to be tested this week. However, when it comes to a sharp rise in the market, there is no clear signal at present. We need to wait for the opening pattern of the daily Bollinger band to be confirmed before we can open up a new round of upward space.🧐🧐🧐🤔🤔🤔
Switching to the H4 cycle for observation, the unilateral upward trend continues to consolidate, the moving average system shows a perfect upward divergent arrangement, the Bollinger Bands simultaneously maintain an open state, and a short-term high pressure is formed near the upper rail of 3415. Based on this, the bullish logic for gold remains unchanged on Wednesday, with the intraday high range likely to be between 3415 and 3430. There's no need to overestimate whether the price will break through previous highs at this point, and trading strategies should be adjusted dynamically based on real-time market performance. From a short-term perspective, intraday support should focus on two key levels: 3360 and 3350.
👊👊👊On the operational level, it is recommended to adopt a strategy of placing long orders in batches when the price falls back to the 3365-3360 range, relying on the support level to seize the opportunity of trend continuation.⭐️⭐️⭐️
⚠️⚠️⚠️The market is risky, so participate rationally. If you need real-time trading references and trading advice, please leave a message to Charlie.🛫🛫🛫 FOREXCOM:XAUUSD VELOCITY:GOLD PEPPERSTONE:XAUUSD CMCMARKETS:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD FXOPEN:XAUUSD
Gold Technical Analysis - Bullish Momentum or Pullback Ahead?Gold (XAU/USD) is trading around $3,371, showing a bullish bias within an ascending channel. Price is consolidating below key resistance at $3,384, and a breakout above this level could lead to a rally toward $3,400–$3,429. On the downside, support lies at $3,340 and $3,312; a break below these could trigger a deeper pullback toward $3,268. The trend remains bullish above $3,340, with buy interest expected on dips, while a confirmed breakdown below $3,268 would shift momentum in favor of bears.
🔑 Key Levels to Watch:
- Resistance: $3,384 → $3,396 → $3,429
- Support: $3,360 → $3,340 → $3,320
📈 Potential Scenarios:
- Bullish: If gold holds above $3,340 and breaks above $3,384, it may rally toward $3,400–$3,429, with potential to reach $3,450+. This keeps the uptrend intact.
- Bearish: If rejected from $3,384, gold could dip to $3,340–$3,312 for a healthy correction before possibly bouncing again. Trend remains bullish unless lower supports break.
📊 Trend Outlook:
- Short-Term Trend: Bullish while inside or above the rising channel
- Medium-Term Trend: Neutral to Bullish; watch for breakout confirmation above $3,384
- Momentum: Consolidating, with potential for a breakout after current sideways structure
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
The bullish outlook remains unchanged, go long with the trend!Yesterday, the gold bulls refreshed the high point, and the daily line closed in the form of a medium-sized Yang line with a long lower shadow. The idea of continuing to be bullish in the short term remains unchanged, and what needs to be paid attention to is the strength of the retracement, which is similar to yesterday. The current support below is maintained at the 3355-3350 line of yesterday's rise. This position is also today's key support level, and the key suppression point above is maintained at the integer level of 3390-3400. This position may not be the end point. It was also mentioned yesterday that under the range of the previous large range of fluctuations, if either side does not break through, it will likely continue to fall into fluctuations. The current bullish trend is still relatively obvious, so we still maintain the idea of low-long operations. If your current operation is not ideal, I hope I can help your investment avoid detours. Welcome to communicate!
From the 4-hour analysis, the important support below is the 3355-3350 line. If the daily level stabilizes above this position, the bullish rhythm of falling back to lows and buying on the trend will remain unchanged. Before the daily level falls below the 3350 mark, you need to be cautious about shorting against the trend. I will provide you with the specific operation strategies at the bottom, please pay attention to them in time.
Gold operation strategy: Go long on gold when it retraces to around 3360-3350, target 3375-3385 area, and continue to hold if it breaks through.
The market trend is still there, go long on the pullback#XAUUSD
Yesterday, gold experienced a V-shaped reversal: it was blocked at the 3382 line in the morning and then fluctuated and fell, then it fell to the support near 3349 and stabilized and rebounded, then rebounded to near 3390 in the evening and closed with a doji on the daily line. Judging from the overall trend, the bullish pattern has not changed.
Gold has limited room for decline in the short term, and a sharp drop is unlikely. Today's market tends to adjust and correct first before continuing to rise. The adjustment is only short-term, and is more to give everyone enough opportunities to get on board. The focus of the market below is 3375-3360, with the target looking at yesterday's high around 3390-3395. A break is expected to extend to the 3400-3420 area.
🚀 BUY 3375-3360
🚀 TP 3390-3395
Gold Technical Analysis - Testing Key ResistanceGold has been showing a short-term bullish momentum after bouncing from the 3285 support zone, forming an ascending channel visible on the chart. The price is currently trading near 3361, close to the upper boundary of the channel and a key horizontal resistance level at 3365–3370. If the bullish momentum continues and price breaks above 3365–3370, we could see further upside toward 3396 and potentially 3400+. However, a failure to hold above this level could trigger a short-term retracement toward 3335–3325 support.
📈 Potential Scenarios:
- Bullish: If price sustains above $3,365, we could see an upside push toward $3,396 and possibly higher to $3,410 resistance.
- Bearish: A rejection near the channel top or $3,365 may lead to a pullback toward $3,325 (Fib 0.5) and then $3,285 support.
🔑 Key levels to watch:
- Upside: $3,365 → $3,396 → $3,410
- Downside: $3,335 → $3,325 → $3,285
- Trend Bias: Short-term bullish as long as price stays above 3325
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold Price Analysis August 6In the Tokyo session this morning, gold recorded some selling pressure after strong buying pressure in the US session yesterday promoted profit-taking sentiment. It is expected that prices may continue to correct during the Asia-Europe session today before potential buying pressure returns in the London session.
Trading plan:
Scalping SELL: 3375
Support zone to watch for BUY: 3346 – 3333 – 3315 (priority when there is a clear price rejection signal)
Upside target: 3420
Gold Bulls Unshaken, 3400 in FocusGold prices retreated from a high of 3385 today, currently hitting a low near 3358. How far will gold fall? Are the bears back in control? I'm not worried about a gold pullback, but rather a lack of one, because only a pullback can provide a good entry opportunity. Clearly, I remain bullish on gold and optimistic about it reaching the 3400 mark.
Because gold fell all the way to around 3358, some voices in the market began to tout the strong return of the bears, but I remained unmoved. When many people were once in self-doubt, I was quietly taking advantage of the gold pullback to accumulate funds in batches and pick up bargains. We can clearly see that gold did not destroy the bullish structure during the decline, and as gold rebounded, the 3360-3350 area has become a dense trading area, indicating strong buying support. After the technical top and bottom conversion, it has become a relatively solid support area. It may be difficult for gold to fall below this support area in the short term.
So, why has gold repeatedly encountered resistance and retreated? I believe that gold has encountered resistance and retreated in the 3385-3390 area many times in order to repeatedly test the effectiveness of support and consolidate the strength of support. It is also to increase liquidity during the retreat period, thereby accumulating more upward momentum so that gold can rise further and break through the 3400 mark.
So I still hold a long position in gold, and I have not lost confidence in the gold bulls. On the contrary, I still expect that gold will be able to hit 3400 in one fell swoop after repeatedly testing the support, or even continue to rise to the 3420-3430 area.
Gold: Yesterday’s Surge & Today’s Session StrategyDuring yesterday’s U.S. trading session, gold surged to around 3390 🚀, driven by a series of tariff-related remarks from Trump, Fed personnel changes, and market expectations that the probability of a September rate cut has risen to 91% ⚡️. We successfully took profit near 3355 yesterday, locking in close to maximum gains 💰.
Today’s trading strategy:
Go short at highs during the Asian session 📉
Go long at lows during the European session 📈
Go short at highs again during the U.S. session 📉
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@ 3390 - 3380
🚀 TP 3375 - 3366 - 3356
Daily updates bring you precise trading signals 📊 When you hit a snag in trading, these signals stand as your trustworthy compass 🧭 Don’t hesitate to take a look—sincerely hoping they’ll be a huge help to you 🌟 👇
Gold XAUUSD Analysis 06.08.2025Entry: 3373–3378 (on retracement into 1H supply zone)
Stop Loss: 3385 (above recent swing high)
Take Profit: 3352 (targeting previous low / 1H demand)
Bias: BearishRRR: ~2.5:1
Analysis:
Price showed strong rejection from the 3373–3378 supply zone. Expecting a pullback into this area before continuation lower. Bearish structure remains intact with clean lower highs. Plan is to sell the retracement, with SL above 3385. Targeting 3352, which aligns with prior demand and liquidity.
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Elliott Wave Analysis – XAUUSD August 6, 2025📊
________________________________________
🔍 Momentum Analysis
• D1 Timeframe:
Daily momentum is showing signs of a potential bearish reversal. However, we need to wait for today’s candle to close to confirm the signal. While waiting for confirmation, price may still experience a minor upward move on lower timeframes, but the current bullish momentum is weak and unlikely to extend far.
• H4 Timeframe:
Momentum is also preparing to reverse. We need to observe the current H4 candle for confirmation. Notably, the reversal signal is forming just below the overbought zone, suggesting there may be one more upward push before a potential decline.
• H1 Timeframe:
Momentum is approaching the oversold zone. It may take 1–2 more bearish candles before a short-term bullish rebound occurs.
________________________________________
🌀 Elliott Wave Structure Update
Yesterday’s bullish move was disappointing — instead of pushing directly to the 3402 or 3419 target zones to complete Wave 5, price only broke slightly above 3385 before reversing. This behavior complicates wave analysis by introducing conflicting possibilities.
We currently consider two main scenarios:
Scenario 1: Wave 5 is not yet complete
• Given that D1 momentum is preparing to reverse downward, it’s unlikely that the current move is Wave 1 of Wave 5. A more likely scenario is that Wave 3 of Wave 5 has completed and price is currently in Wave 4.
• The current corrective structure has stopped at the 0.382 Fibonacci level. As long as price remains above 3370 (the 0.5 Fib level), this strengthens the case for a Wave 4 retracement before another leg up in Wave 5.
• Since bullish strength appears limited, we now focus on two main target zones for Wave 5: 3395 and 3402, instead of the previous high at 3419.
Scenario 2: Full 5-wave structure is complete – now in correction
• If the 5-wave pattern has already finished, the current decline marks the beginning of a corrective phase.
• With current momentum conditions, this is still a viable scenario. However, due to the remaining upside possibility, we recommend waiting for today’s D1 candle to confirm momentum before taking any trade.
________________________________________
📌 Trade Plan
For experienced traders:
• Wait for price to reach the 3395–3402 zones.
• Look for reversal signals in those areas to enter short positions.
Suggested trade plan for newer traders:
• Sell Zone: 3395 – 3398
• Stop Loss: 3408
• Take Profits:
o TP1: 3385
o TP2: 3370
o TP3: 3349
________________________________________
✅ Note:
This trade plan should be reassessed after today’s D1 candle closes for confirmation of the momentum shift.
Gold (XAU/USD) 4H Institutional Analysis — August 6, 2025As of August 6, 2025 (12:23 UTC), Gold (XAU/USD) is trading around 3,367.60, according to Kitco’s live spot price feed. After a sustained bullish recovery from the 3,320–3,330 demand zone, gold finds itself at a structural inflection point. Institutional footprints across the board — from order blocks to liquidity maps — are signaling one dominant message: the bulls are setting the stage.
In today’s breakdown, we deliver a high-conviction execution plan using a fusion of Smart Money Concepts (SMC), ICT methodology, and 4H structural dynamics — isolating only the strongest Primary Buy and Sell zones, along with their fallback counterparts. At the center of this framework is our Golden Zone, the most institutionally-aligned, high-probability area of the day.
🔍 Market Structure & Directional Bias
The 4-hour chart has shown a clear Change of Character (CHoCH) to the upside after a bullish Break of Structure (BOS) above the 3,355 level. This signals a phase shift from consolidation into accumulation and potential expansion, likely aiming toward the 3,400 psychological magnet and beyond.
The presence of volume imbalances, fair value gaps, and unmitigated order blocks across multiple structural layers further supports a bullish directional bias. Liquidity has been swept below previous equal lows (EQL), creating an environment ripe for institutional accumulation.
Directional Bias: Transitional → Bullish
🎯 Primary Execution Zones
✅ Primary Buy Zone (Golden Zone) — 3,355 to 3,360
This zone represents the highest-quality long opportunity on the chart today. Sitting in the discount array (below 50% of recent swing), the zone is built on a fresh Rally-Base-Rally (RBR) demand structure formed after a decisive CHoCH.
The 3,355–3,360 range aligns with a valid unmitigated Order Block, an embedded Fair Value Gap, and an OTE retracement between 0.705–0.79 Fib levels. Beneath this zone lies a sweepable liquidity pocket just under 3,350, further increasing the magnetism of the area.
Entry: 3,355–3,360
Stop Loss: Below 3,350 (liquidity invalidation)
Take Profits:
TP1: 3,395–3,400 (1.272 extension)
TP2: 3,420 (1.618 extension)
Confluences: RBR Demand, OB, FVG, OTE, Volume Imbalance, EQL Sweep, Discount Array, Structural Support
Kill Zone Timing: London-NY Overlap
✅ Golden Zone of the Day
✅ Primary Sell Zone — 3,395 to 3,400
While the broader bias is bullish, gold remains capped by a strong Drop-Base-Drop (DBD) supply zone around 3,400 — also the 1.272 fib extension from prior bullish legs. A pocket of equal highs (EQH) just above 3,405 serves as a liquidity magnet and stop-loss hunting zone — making this supply level extremely attractive for short-term reversion plays.
Entry: 3,395–3,400
Stop Loss: Above 3,405
Take Profits:
TP1: 3,360
TP2: 3,350
Confluences: DBD Supply, OB, FVG, OTE Retrace, EQH Sweep, Premium Array, Structural Resistance
⚠️ Secondary Execution Zones (If Primary Fails)
🟢 Fallback Buy Zone — 3,325 to 3,330
If the market manipulates lower and invalidates the primary buy zone with a deep liquidity sweep, this deeper zone offers a second chance. It contains a secondary demand block, a valid FVG, and lies cleanly within a deep discount retracement.
SL: Below 3,320
TPs: 3,360 and 3,380
🔴 Fallback Sell Zone — 3,445 to 3,450
If gold breaks cleanly above 3,405, likely invalidating the primary sell idea, the next institutional level of interest is 3,445–3,450 — sitting on a higher timeframe premium OB and major liquidity shelf.
SL: Above 3,455
TPs: 3,395 and 3,370
🌐 Institutional Consensus: Bullish Convergence
Institutional analysts across major platforms confirm a bullish bias, with targets hovering around the 3,400–3,420 area:
Reuters reports that gold is near a one-week high, supported by weaker U.S. data and increased rate-cut bets.
MarketPulse highlights the “return of the bulls” amid sustained momentum and light CPI expectations.
Citi has raised its medium-term gold target to $3,500, citing negative U.S. macro headwinds.
TradersUnion confirms support at 3,320 and resistance at 3,400 — mirroring our execution levels.
There is no significant divergence in sentiment or structure, validating today's trade zones with confidence.
📌 Final Thoughts
In a liquidity-driven market, price is engineered — not discovered. Today, that engineering points to one thing: 3,355–3,360 is the Golden Zone — the strongest execution area, supported by eight institutional confluences, favorable structure, and widespread sentiment confirmation.
Gold has re-entered its institutional kill-box. The next move? Likely engineered to deliver smart money profits while trapping the uninformed. Don’t chase price. Let it come to your zone. Execute with discipline.
Correction first and then rise during the day, TP3400Yesterday, gold hit the bottom near 3350 and then quickly rose to break the high. It fell back slightly in the evening and closed with volatility. The daily line closed with a long lower shadow bullish line. The short-term correction process has been completed, and there is still momentum for an upward impact. The overall structure is still a bullish trend. Focus on 3365-3355 below. As long as the bullish thinking above this level remains unchanged, any decline will provide an opportunity to enter the market. The target can be around yesterday's high of 3390. Once it breaks through 3390, the gold price is expected to reach 3405-3415.
OANDA:XAUUSD
8/6: Watch for a Potential Double Top FormationGood morning, everyone!
Yesterday, gold experienced its first significant supply pressure around the 3386 level, but with support near 3350—helped by positive data—prices rebounded and climbed back toward 3390, resulting in solid overall gains.
From the 1-day chart (1D) perspective, the technical structure remains bullish, with MA20 providing firm support. Although short-term moving averages are currently converging, the overall bias remains towards a bullish divergence, suggesting further upside potential. There's a possibility for price to test the 3400–3420 zone in today’s session.
That said, the 3386–3398 region may still pose minor selling pressure, although it is not expected to be particularly strong. Key intraday support is seen in the 3378/3372–3362 range. If the market encounters another wave of heavy selling that damages the daily bullish setup, then the 3343–3348 area will become a critical battleground between bulls and bears.
📌 Trading Strategy for Today:
Maintain a sell-on-strength approach, especially if prices approach the 3418–3438 resistance area, where short opportunities become more attractive;
If a pullback occurs, monitor the aforementioned support zones for potential buy-on-dip opportunities, contingent on stability.
⚠️ Market Risk Reminder:
There will be key economic speeches during the US session, which could trigger heightened volatility. Ensure proper risk management and stop-loss settings are in place.
Bullish Outlook Intact: Gold Targeting 3400-3410Gold encountered resistance and retreated several times on its way to 3400, but it remained above 3370 during the pullback, perfectly maintaining the integrity of its volatile upward trend. Therefore, even though gold's upward momentum has weakened, I still believe that due to structural support, gold still has the potential to reach the 3400-3410 area, and may even continue its bullish trend to the 3420-3430 area.
As gold prices rise, market sentiment tends to be more optimistic, and the price behavior reflected by the candlestick chart becomes clearer. The lows of gold continue to rise, and the highs always insist on setting new highs in the process of rising. The oscillating upward structure is particularly obvious. While greatly limiting the retracement space, it also greatly consolidates the support structure below and is conducive to further rises in gold. At present, gold has been confirmed to have stabilized above 3370, so gold may not give another chance to fall back to the 3360-3350 area.
Then in the next short-term trading, the gold pullback is a buying opportunity. We focus on the opportunity to participate in long gold after gold retreats to 3380-3370. The target will first look at the 3400-3410 area, and the higher target area is in the 3420-3430 area.
8/7: Continue to Focus on SellingGood afternoon, everyone!
During today’s session, gold successfully moved into the anticipated resistance zone of 3386–3398, and encountered significant selling pressure near 3398, resulting in a retracement to around 3372. While the price action aligned with prior expectations, the delayed timing has led to a bearish shift in the technical structure, which may hinder further upside momentum for the bulls.
That said, important economic data will be released during the US session later today. We’ll need to observe whether bulls can leverage the potential catalyst to break through the current resistance levels.
⚠️ Trading Strategy Recommendation:
Regardless of the data outcome, it is advisable to maintain a bearish bias in subsequent trades.
From a technical standpoint, the higher the price climbs, the greater the probability of a pullback, making short positions relatively less risky.
📌 Reference Range:
Continue to monitor and trade within the key zones outlined yesterday, adjusting entries and exits as per intraday developments.
XAUUSD - 3400Technical picture
Bullish momentum is strengthening: US jobs shortage has caused an influx into safe havens, which has contributed to gold's growth
A reversal signal is forming: a bounce from the lower line of Bollinger Bands is observed, and a bullish cross of EMA-8 and EMA-21 is also forming, plus a moderately positive MACD - a classic "buy on dip" entry pattern
Key levels:
Support: around $3,330 - a support zone coinciding with the 21- and 50-day SMAs. Below — potential for decline to $3,297-$3,283
Resistance: $3,380 — resistance, breakout of which could open the way to $3,440-$3,450
Structural pattern: breakout from triangle to the downside could signal a deeper correction
Industry consensus: Citi has revised its target range up to $3,300-$3,600 in the next three months, based on a weak US economy and rising geo-risk
Meanwhile, HSBC warns of possible weakness — forecast for 2025-2026 from $3,215 to $2,350 in a more bearish scenario
XAU/USD 07 August 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
You will note that price has targeted weak internal high on three separate occasions which has now formed a triple top, this is a bearish reversal pattern and proving this zone is a strong supply level. This is in-line with HTF bearish pullback phase.
Remainder of analysis and bias remains the same as analysis dated 23 April 2025.
Price has now printed a bearish CHoCH according to my analysis yesterday.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS.
The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price.
As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish.
Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback.
Intraday Expectation:
Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
The bullish trend remains unchanged, seize the opportunityAfter today's opening, gold continued the bullish trend of yesterday. Judging from the daily line, gold has continued to rise, and it may only be a matter of time before it reaches a higher level. Judging from the 4H chart, the technical indicators are dead cross and shrinking, and the flexible indicators are repairing upward. The short-term middle track support is around 3372, and the upper side pays attention to the short-term pressure of 3395-3405. If the European session fails to effectively break through the short-term resistance, it will give the opportunity to test the 3380-3370 support again. If it is not broken, you can consider continuing to go long.
OANDA:XAUUSD