XAUUSD: Key Resistance at 2698-2708Yesterday, gold successfully held the support level between 2668 and 2663 during its pullback and subsequently began a consolidation and upward trend. As highlighted in my previous analysis, the strategy was clear: if the price held above this support, we would go long; if it broke below, we would wait for a rebound to go short. If you followed this analysis, I trust you captured significant profits from this movement.
Currently, the price is approaching the crucial resistance level of 2700, where substantial selling pressure is anticipated. It's possible that the price may either break through and subsequently pull back or begin to retreat as it nears this level. Therefore, the prudent approach is to adopt a short position initially and then reassess the situation based on support levels to determine whether to transition into a long position.
Xauusdsetup
XAUUSD: SELLAfter forming a head-and-shoulders bottom pattern, gold has not broken the support level at 2656 and subsequently surged to around 2680. Currently, there is a need for a pullback in this pattern. Traders can initially take a short position, monitoring the support in the 2668-2663 range. If this support holds, consider going long; if it breaks, wait for a rebound to enter short.
XAUUSD: After a New High, a Support Retest is Needed
Following a recent pullback, gold is now in the midst of a rebound, riding the momentum of its newly achieved all-time high. However, the difficulty of sustaining further upside increases at this stage. Therefore, it presents a strategic opportunity to establish short positions in the 2680-2690 range, anticipating a fresh support retest.
If the price holds above 2668 during this pullback, it could signal another buying opportunity, allowing traders to re-enter long positions with confidence.
XAUUSD: Continue to be bullish, buy during pullback, target 2700Yesterday, our strategy was to wait for a pullback to the support range before buying. The direction and prediction were very accurate. The gold price pulled back from the initial 2680, the lowest was 2666, and then rose again to the historical high of 2685. Unfortunately, the lowest point of the pullback only reached 2666, which was only 1-2$ away from our buying range of 2665-2660. Therefore, I did not trade yesterday and missed a wave of nearly 20$ of rising profits.
Now the gold price is still around 2680, and my view is still bullish, with a target of 2700.
But there is indeed a risk of pullback if you chase the rise now. After all, the historical high of 2685 has failed to break twice, and you are not sure whether it will appear for the third time.
Therefore, my trading strategy today is still to wait for the pullback to the support range before considering buying.
Depending on the situation, the buying range can be adjusted flexibly.
Can gold rise to 2700 points this time?The trend of gold yesterday and today basically completely verified my trading idea yesterday. When the gold price was still at 2654 yesterday, I clearly said that the high point was definitely not 2666. At the same time, I also said that this high point would most likely break through, and the target could be seen in the 2670-2680 range, and bought at 2650 to make a lot of profit.
Now the new high has reached 2682, but it has not stood firm. Yesterday I said that as long as the gold price can stand firm at 2680, it can refresh the historical high of 2685, and look forward to the 2700 integer mark. Today I also maintain this view unchanged.
Now the gold price is correcting, I think this is a move to accumulate power to refresh the historical high, so I will look for the right time to buy again next
From the Fibonacci retracement indicator of this rise, 2665 is at 0.618, and 2660 is at 0.5, so I think that if it cannot stand firm above 2680, the gold price is likely to fall back to the support range of 2665-2660 again. As long as it reaches this range, it can be bought again
Bulls Take Profits, Await Shorting Opportunities
Today's long position within the 2652-2646 range has been successful—congratulations to those who followed my strategy!
In trading, identifying strong signals is critical to profit. Without it, the market can be unforgiving.
Currently, the bulls are in control, but as soon as momentum shows signs of weakening, it will be time to shift focus and prepare for a short position. Stay vigilant and ready to act when the opportunity presents itself.
Gold's low has been confirmed, and the rise will be unstoppableIn yesterday's article, I clearly said that you can buy gold boldly when it falls back to the support area of 2642-2630. Although this trend did not come out yesterday, I bought it without hesitation when the gold price fell today, and took profits at 2654. But this does not mean that the gold price has reached its limit. I think as long as the gold price falls back to 2650 later, you can consider buying here, and the high point is definitely not the previous high of 2666.
From yesterday's 1H chart, we can see that 2642 is 0.618. Although the gold price hit 2638 today, the real closing line is still around 2642. Therefore, according to the recent three callback trends, as long as it does not effectively fall below the support of 0.618 in the short term, it can be regarded as a bullish trend.
At the same time, I think the previous high of 2666 is definitely not a short-term high point. This rise is likely to break through here. The first target above can be seen in the range of 2670-2680. If it can stand at 2680, the gold price is likely to test the 2700 integer mark again.
The above is my view on gold today. Recently, my gold trading strategy has maintained a hot state of continuous profit. If you want to copy my trading details, you can contact me
XAUUSD / GOLD Intraday SetupGold still looking good for some upside move. I like the reaction from level I posted recently, if this level will hold, I'm looking for a buy into next level. Simple as that.
I'm waiting for strong closure to confirm my idea, if not I expect some range in current price levels.
Gold Bears Secure Profits, Ready To Enter Long Position
Today, gold successfully reached our target range of 2644-2637, delivering strong profits for short positions. In trading, clear signals inevitably lead to profitable outcomes.
Now that gold has broken above the MA20 and is showing a bullish formation, we will follow the trend and shift towards long positions. Using the MA20 as our reference line, a buy order should be placed around 2652-2646. However, given the current high price near resistance, it's important to manage risk. I recommend setting a stop-loss (SL) around 2632, but adjust according to your individual account management strategy.
XAUUSD: The risk of shorting is less than that of going long
After finding support around 2638, gold has rebounded and is now approaching the critical resistance zone at 2663-2668. If prices linger here without breaking through, it could weaken the bullish momentum.
From a trading perspective, the risk of going long at the current price outweighs that of shorting. For those entering long positions, caution is advised—avoid overextending and close positions promptly if the previous high isn’t breached. As for shorts, the risk is manageable; smaller initial positions can be opened, with the option to add more if prices rise. In the medium term, I believe a break below 2600 is inevitable.
Gold : A Prime Opportunity for Short Positions
Today, gold remains under significant pressure within the 2660-2668 range, with the resistance around the 20-day moving average (MA20) proving to be a formidable barrier. The bearish momentum is clearly in control, presenting a prime opportunity for short trades.
The recommended strategy is to focus on selling near the MA20 resistance level, targeting the 2645-2637 range. This approach leverages the technical weakness, as the market favors a downward move in the near term.
XAUUSD: Mainly short trading, target 2637-2629
During tomorrow's Asian trading session, the primary range is expected to be between 2654 -2644. There is significant resistance around the 2654 level, and if this resistance holds, the market should favor short positions.
Support is seen near 2643, and if this level breaks, the next target range would shift to 2637-2629. The market's inability to push through resistance at 2658 reinforces a bearish outlook in the near term.
Gold's upward trend is confirmed, buy boldly on pullbacksLast Friday, gold continued to rise, reaching a high of 2661, as the US PPI data showed that the inflation outlook was still favorable to support the Fed's expectations of a rate cut next month.
From the daily chart, we can see that the gold price has now stabilized above the daily average line, and the bullish trend has continued. In the short term, as long as the gold price pulls back to the support area, it is an opportunity to buy. Now it depends on where the gold price will start to rise.
From the 1H chart, the nearest support below is around 2642, which is the 0.618 position of the Fibonacci retracement of this rise, and the second is around 2630.
In today's Asian and European trading period, the gold price pulled back to 2643 and started to rise, which has verified the support strength of the 0.618 position. Therefore, if there is no accident today, as long as it pulls back here, you can buy boldly.
My personal short position sold at 2653 last Friday has been closed with profit when it fell to 2645. Now I am waiting for the pullback to trade long positions.
XAUUSD:Trading around 2638-2663 during the day
Following its drop to the 2600 level, gold has found solid support and rebounded strongly, driven by escalating geopolitical tensions. Prices are now trading back above the 2650 mark.
In the short term, attention should be focused on the 2643-2638 support zone. On the upside, key resistance remains near the recent highs, particularly around 2658.
This week's daily close (1D) will be pivotal. Should we continue to see bearish candles without a break above the previous highs, a significant downturn is likely next week or in early next month. This correction is expected to extend over several weeks, shifting from intraday moves to more sustained declines.
We must also closely monitor the global political landscape. If tensions escalate further, there is a strong possibility of gold breaching the 2700 level. However, if conditions stabilize, we can anticipate a drop below 2550 within the next month.
XAUUSD GOLD: Understanding Trend Shifts for Precision Entries👀👉 In this video, we explore the inner workings of market trends and, more importantly, how smart money manipulates price action to sweep liquidity, allowing them to place their orders and sustain the trend. We also showcase a powerful, free indicator from TradingView’s extensive toolset. Here's what we cover:
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XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold Retracement Opportunity: Targeting Key Fib Levels!Currently, Gold (XAU/USD) is poised for a potential retracement towards the 0.5 FibCloud level after covering all the price imbalances. We have key targets mapped out with multiple take-profit (TP) levels as the price retraces. Technically, we are seeing a well-formed structure, with price rejection near the upper channel resistance, and the overall trend indicating a likely pullback to mitigate recent upward movement.
Key technical levels :
• TP1: 2,634
• TP2: 2,628
• TP3: 2,620
Risk Management:
This trade setup provides favorable risk-reward metrics, but it’s essential to maintain disciplined risk management. Stop loss (SL) is placed just above the upper boundary near recent highs to minimize downside exposure. It is advisable to take partials as the price hits respective TP levels, securing profits while reducing exposure. Be prepared to adjust stop losses to break-even or beyond as the trade moves in our favor, ensuring we protect capital and lock in gains.
Conclusion :
This trade offers a strategic entry for traders looking to capitalize on a potential gold retracement, given the technical alignment and FibCloud setup. As always, risk management is key in navigating market volatility, especially during news-sensitive periods.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Gold has a bottom divergence, buy at the low todayThe US dollar continued to rise this week and has now risen to a two-month high. Gold also fell for the sixth consecutive trading day yesterday, and the lowest point of 2605 was tested many times, but it still did not fall below.
Therefore, from the current trend, it is not possible to continue to short, because the support of the 2605 line is very strong, and after the precipitation of the past few days, the short-selling force has also weakened a lot.
At the same time, it can be seen from the figure that the price trend is falling, but the MACD indicator is continuing to strengthen, which obviously forms a bottom divergence pattern, which is a bullish signal.
From the 1H chart, the upper suppression point is in the 2630-2640 area, and the lower support is 2605-2615.
So today's trading strategy is to buy in the support area and target the upper resistance area
XAUUSD BUY WEEKLY FORECAST Here on Xauusd price has been in uptrend and there is a chance of making pull back before continue it uptrend movement so is expected to go LONG around level of 2621.069 - 2612.742 and now target a profit of 2637.015,2662.358 and 2680.748 with stoploss of 2598.170 . Use money management
XAUUSD WEEKLY FORECAST |BUY @ 2621.069 - 2612.742
SL 2598.170
TP1 2637.015
TP2 2662.358
TP3 2680.748
Has gold seen bottom? Can we continue to be bearish?
Yesterday I clearly suggested shorting at 2648, and 2630 was not the short-term bottom. The final result was in line with expectations and unexpected, because the gold price plummeted by nearly $50, not only reaching our target of 2615, but also reaching the lowest point of 2604. I believe that friends who follow the trading strategy have made a lot of money. Congratulations!
Let's get back to the point. Because the market's bets on the Fed's sharp interest rate cuts have faded and most of the market's positions have chosen to take profits, gold fell sharply by nearly $50 during the US trading session yesterday, with the short-term low reaching 2604, and then the decline narrowed. As of now, it has remained around 2620 for consolidation.
From the gold daily chart, although the lowest point reached 2604, the final closing price was above 2620, just when the daily MA20 daily moving average position was held, and there was no effective break.
So since the lower support has not broken, we cannot directly choose to continue shorting today. Instead, we have to wait for the rebound power to be consumed before going short, and the upper suppression area will be a good choice.
From the 1H chart, the previous support of 2630 has now turned into resistance, and the same is true for the 2640 line. Therefore, today we need to observe the resistance situation in the 2630-2640 area. Once there is a sign of reversal here, I think it is an opportunity to short.
If there are any latest changes in transaction details, I will update you in time in the channel. If you are interested, you can enter below.
Gold Free Trade +450 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD GOLD Technical Analysis and Trade Idea👀👉 XAUUSD (Gold) has been under selling pressure recently, presenting a possible short-term day trading opportunity. In this video, we’ll analyze the price action, examine the prevailing trend and market structure, and discuss a potential trade setup. Risk Disclaimer: Trading Forex involves significant risk, and market conditions can change rapidly. The information provided is for educational purposes only and should not be interpreted as financial advice. 📉✅