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Xauusdshort

Gold: Trading signals during the European sessionGold is now making its first attempt at resistance. In this process, we can use the black trend line below and the purple trend line as reference support. If the price does not actually fall below the test, there is a high probability that it will reach the 3037-3044 area. Therefore, during the European trading period, the 3037-3044 area can be used as an opportunity to enter the short position. At the same time, pay attention to the long opportunities brought by the support area. For conservative trading, the area near 3025 can be used as an entry time.
OANDA:XAUUSDLong
by Trading_King_Arthur
(XAU/USD) Bearish Reversal After Head & Shoulders Formation." Overview: The price action of Gold (XAU/USD) on the 2-hour timeframe indicates a potential bearish move. A Head & Shoulders pattern has formed, signaling a possible trend reversal. The market recently tested a resistance level and is now showing signs of weakness. Key Levels: 🔹 Resistance: $3,044 - $3,055 (Rejection Zone) 🔹 Sell Entry: Below $3,028 (Break of Support) 🔹 Support Level: Around $2,980 (First Key Level) 🔹 Target: $2,940 - $2,931 (Final Bearish Target) Analysis: ✅ Price has broken below the neckline of the Head & Shoulders pattern, confirming a potential sell-off. ✅ A retest of the broken support as resistance could offer a better entry for shorts. ✅ If the price holds below $3,028, further downside toward $2,940 is expected. ✅ Bullish invalidation if price breaks back above $3,044. Trade Idea: 📉 Sell below: $3,028 🎯 Target: $2,940 🛑 Stop Loss: Above $3,044 This setup aligns with technical analysis principles, with risk-to-reward favoring sellers. Monitor price action for confirmation before entering a trade. 🚀 What’s your view on Gold? Comment below!
OANDA:XAUUSDShort
by PIPsOptimizer
XAU/USD – Triple Top Formation & Bearish Breakdown Potential📌 Overview of the Chart This chart presents the XAU/USD (Gold Spot vs. USD) price action on a 15-minute timeframe, highlighting a classic Triple Top pattern. The Triple Top is a well-known bearish reversal pattern that forms after an extended uptrend. It signals that buyers have attempted to push the price higher multiple times but failed, indicating weakening bullish momentum. This pattern is crucial for traders as it often precedes a trend reversal. The breakdown below the neckline (support level) confirms that selling pressure is taking over, leading to a potential decline. 📊 Identifying the Triple Top Formation A Triple Top pattern consists of three peaks (Top 1, Top 2, and Top 3) at nearly the same resistance level. Here’s a detailed breakdown of its formation: 🔹 Step 1: Price Uptrend Leading to Resistance Before the pattern develops, the price follows a strong uptrend with buyers dominating. The price reaches a key resistance level and faces rejection (Top 1), signaling initial weakness. 🔹 Step 2: Repeated Attempts to Break Resistance After pulling back slightly, buyers make another attempt to break through resistance (Top 2), but fail again. This signals that sellers are actively defending this price zone. 🔹 Step 3: Final Rejection & Breakdown Setup The third attempt (Top 3) fails to break resistance once more. This repeated rejection confirms a Triple Top formation. The price then moves toward the neckline (support level), which is a critical area for the bearish breakdown. 📉 Trading Setup & Execution Strategy ✅ Entry Point – When to Open a Short Position? A short position is confirmed when the price breaks below the neckline with a strong bearish candlestick. A breakdown with high volume strengthens the bearish confirmation. Conservative traders may wait for a retest of the broken neckline before entering. ❌ Stop Loss Placement – Managing Risk The stop loss should be placed above the highest peak ($3,039.076), ensuring protection against false breakouts. If the price moves above this level, the Triple Top pattern fails, and the bearish setup is invalidated. 🎯 Profit Targets – Where to Exit? After the breakdown, price action usually follows a measured move based on the height of the pattern. The following target levels are identified: 1️⃣ First Target: $3,000.962 → A key support level where price may pause. 2️⃣ Second Target: $2,991.766 → A deeper support area that aligns with the price projection from the pattern. Risk-Reward Ratio: The trade setup offers a favorable risk-to-reward ratio, making it an attractive opportunity for short sellers. 📈 Confirmation Signals to Strengthen the Setup To increase the probability of a successful trade, look for additional confirmations: 🔸 Volume Analysis: A spike in selling volume at the neckline breakdown suggests strong bearish conviction. Low volume breakdowns may indicate a false move, requiring extra caution. 🔸 Retest of the Neckline: Sometimes, after breaking below the neckline, the price retests the level before continuing downward. This provides a secondary entry opportunity for traders who missed the initial breakdown. 🔸 RSI & Momentum Indicators: If RSI (Relative Strength Index) shows bearish divergence, it adds confidence to the downside move. Momentum indicators like MACD crossing bearish further confirm selling pressure. 📍 Key Considerations & Risk Management 🔹 False Breakout Risk: If price bounces back above the neckline after the breakdown, it could be a false move. Waiting for confirmation reduces this risk. 🔹 Macro Fundamentals: Gold prices are sensitive to economic news, interest rates, and geopolitical events. Unexpected fundamental shifts can impact the pattern’s reliability. 🔹 Trailing Stop Strategy: To protect profits, traders can use a trailing stop-loss, adjusting as the price moves toward targets. 🔍 Summary & Trading Plan 📊 Pattern: Triple Top (Bearish Reversal) 📉 Bias: Bearish (Short Setup) 🛠️ Entry: Sell below neckline confirmation 🎯 Targets: Target 1: $3,000.96 Target 2: $2,991.76 🚨 Stop Loss: Above $3,039 💡 Final Thoughts The Triple Top pattern on XAU/USD suggests a high-probability bearish setup. A confirmed neckline breakdown signals selling pressure, with price targets well-aligned with historical support zones. Patience and confirmation are key—watch for a clean breakdown or a potential retest before entering. Would you like any modifications or additional insights? 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
GOLD Price Analysis: Key Insights for Next Week Trading Decision🚀 XAUUSD Key Update & Market Outlook Gold continues to hold a bullish trend, but price action has pulled back after setting a new record high. The key $3,000 level will play a significant role in guiding our trading decisions next week. A hold above this zone could fuel further bullish momentum, while a breakdown could trigger strong bearish moves. 📌 Major Market Drivers: 🔹 US Dollar Strength: Gold retreated as the USD gained traction, with traders booking profits ahead of the weekend. 🔹 Trump's Trade Policies: Uncertainty surrounding new tariffs remains a key influence on market sentiment. 🔹 Federal Reserve’s Stance: Powell & Fed officials maintain that rate cuts aren’t urgent, reinforcing the current restrictive policy. 🔹 Market Sentiment & Early-Week Price Action: We’ll be closely watching how price behaves around the $3,025 zone for potential trading signals. 📅 Key Economic Events Next Week: 🗓️ Tuesday: US S&P Global PMI Publications – Key insight into economic activity and inflation pressures. 🗓️ Thursday: US GDP (Q4 Final) – A crucial report on economic growth that could impact USD and Gold. 🗓️ Friday: US Core PCE Index – The Fed’s preferred inflation gauge, highly significant for rate expectations. We’ll break all of this down in detail during tomorrow’s Forex Morning Mastery livestream. Stay tuned, and let’s get ready for the new trading week! 🔥📊 #XAUUSD #Gold #Forex #MarketOutlook
OANDA:XAUUSD
by darcsherry
2
Is Gold Ready to Drop? Key Levels & Strategy for the Next Move!📉🔥 Right now, XAUUSD (Gold) is pulling back from the highs and consolidating in a range. I'm watching for a buy opportunity if price breaks below the current range low and retraces into the previous swing equilibrium. 🎯 In the video, we dive into imbalances as key pullback targets, analyze price action and market structure, and discuss a potential trade setup—if the market presents the right conditions. 🚨 Not financial advice—trade smart! 🚀
FX:XAUUSD
by fxtraderanthony
Golden Signal: Go Short in the 3027-3037 AreaLast Friday, gold rebounded to near resistance. Although the indicator in the 30M level chart shows that there is still some rebound momentum, the space is not very large, because the head and shoulders pattern has appeared in the early stage, and the pressure on the bulls is still very large. Therefore, in the intraday trading on Monday, we can focus on short trading around the resistance area of ​​3027-3040. The single needle bottoming provides good support, so TP does not need to be set too large for the time being. The previous rising point of 3007 is used as a reference support, and TP is controlled in the range of $10-$16. Personally, it is expected to be in the 3018-3011 area. I will update the specific trading information during the intraday, please pay attention to the content of the intraday update. If you have any questions, you can leave me a message, and I will reply to you in time when I see it. I wish you all a prosperous new week!
OANDA:XAUUSDShort
by Trading_King_Arthur
WHAT WILL BE THE NEXT MOVE OF GOLD ?🚀 GOLD (XAU/USD) – High-Probability Trade Setups! 🚀 Hey, traders! Hope you're all geared up for another exciting week in the markets! 🏆 As we get ready for the market open, let’s break down what’s next for Gold (XAU/USD). 📊 Last Week’s Recap 📈 Gold hit 3057, but before the market closed, we saw a strong rejection pushing price back down. Now, Gold is stuck in a range between 3024 resistance and 3020 support—meaning we need a breakout before taking action! 💡 No-trade zone = 3020 - 3024 ❌ Stay out until a breakout happens! Two Possible Trading Scenarios 🔵 Scenario 1: Buy Above 3024 📌 If a 30M candle closes above 3024, we wait for the next candle to wick down while keeping the previous low safe. 📌 Once price breaks the high of the previous closed candle, we enter buys targeting 3034! 🚀 ✅ Break-even after 40 pips—lock in those profits! 💰 🔴 Scenario 2: Sell Below 3020 📌 If a 30M candle closes below 3020, we wait for the next candle to wick up while keeping the previous high safe. 📌 Once price breaks the low of the previous closed candle, we enter sells targeting 3011! 📉 ✅ Break-even after 40 pips—protect your capital! 📍 Final Trade Plan 📊 BUY above 3024 🎯 TP: 3034 📊 SELL below 3020 🎯 TP: 3011 📢 Don’t chase trades! Let the market confirm and follow the plan! 📈🔥 #XAUUSD #GoldAnalysis #ForexTrading #SmartMoney
OANDA:XAUUSD
by KatzyTradess
3/24 Gold Trading Signal: 3027-3037 Range ShortThe market has opened. As mentioned in the previous article, gold still has a rebound. Under the current circumstances, our main focus is the resistance area of ​​3027-3037. I personally think that the probability of a direct breakthrough is not high, so we maintain the trading idea of ​​shorting in this range. During the decline, 3018/3015/3011/3007 are the support levels that need to be paid attention to. If you have any questions, you can leave me a message. I will reply in time after I see it. In the new week, I wish you all a lot of money!
OANDA:XAUUSDShort
by Trading_King_Arthur
Potential Gold price decline in the coming weekHello traders, Gold experienced a significant decline during the last two days of the previous trading week. On Friday, we saw a break below the 3022 level, which led to a shift in market sentiment. While the long-term bullish momentum remains intact, the current price action suggests a strong pullback may be underway, potentially continuing into the coming week. We should closely monitor the 3028 level for a potential selling opportunity, with the first target set at last week's low of 2999, and an extended target around 2966. However, if Gold reclaims 3040, we may see bullish momentum resume, given the ongoing geopolitical tensions and risk-off sentiment, which means we need to be very careful and stick to a trading plan. How do you plan to trade Gold this week? Share your thoughts in the comments! If you found this analysis helpful, please support it with a boost. Make sure to follow to receive new updates.
CAPITALCOM:GOLDShort
by AmaWina
Next week's market strategy analysisGold fell on Friday, falling to the lowest level of 2999 and then began to rebound strongly. Overall, if we say that gold has peaked now, it is too early, because there are still many uncertainties to stimulate the increase in risk aversion, so it is possible that gold will rise again. However, the impact of the news is only one aspect of our reference. However, the impact of news is only one aspect for our reference. After all, a lot of information cannot be known in time. We can only say that we should pay attention to the existence of this risk factor, so we still start from the technical level. There is still room for gold to rebound next week. We will first focus on the short-term suppression of 3025-30. From the hourly analysis, pay attention to the support of 3005-3000 below. If it does not break after the retracement, continue to be bullish. Pay attention to the short-term suppression of 3025-3030 above, and focus on the suppression of 3045-57 above. The operation still maintains the same rhythm of the main multi-trend. If you don’t know when to enter the market, you can pay attention to me. I will release specific signals in real time and pay attention to it in time. Gold operation strategy for next week: Gold will go long after stepping back from 3005-3000, and the target is 3025-3030.
OANDA:XAUUSDLong
by TP_Daniel1
(XAU/USD) Forming a Bearish Reversal–Key Short Setup Unfolding!Chart Pattern: Head and Shoulders Formation The chart shows a potential Head and Shoulders pattern, which is a bearish reversal setup. The head is the highest peak, while the two shoulders form lower highs on both sides. The price has already broken below the neckline, indicating a sell opportunity. Key Levels: Resistance Levels: $3,055.29 – Major resistance $3,046.10 – Key level near recent highs $3,030.58 – Short-term resistance where price is currently retesting Support Levels (Potential Targets): $2,981.18 – First support level $2,939.81 - $2,931.99 – Strong demand zone $2,881.49 – Major support level Trade Setup: Entry: The price has broken below the neckline and is currently retesting the breakdown zone (~$3,030.58). If the retest holds, it confirms a sell entry opportunity. Target: First target near $2,981.18 Second target around $2,939.81 - $2,931.99 Final target at $2,881.49 for a deeper correction Stop-Loss: A stop-loss above $3,046.10 to minimize risk Market Sentiment: The break below the neckline and a possible rejection at the retest area suggest further downside potential. If buyers push the price above $3,046.10, the bearish outlook would be invalidated. This setup presents a high-probability short trade if confirmation follows through after the retest. Traders should monitor price action around the retest zone before entering a position. 🚨📉
OANDA:XAUUSDShort
by PIPsOptimizer
Analysis and Forecast of Gold Price Next WeekOn Friday evening, the spot gold price broke below the key support level of $3,000, which was in line with previous expectations. After reaching a phased high of $3,057, the market witnessed a rather significant downward movement. However, the support at the $3,000 level was relatively strong. Although the price briefly fell below this level, it failed to stabilize effectively. During the late trading session, the gold price rebounded technically and recovered to around $3,020. Based on the current technical analysis and market sentiment, it is expected that the gold price will continue its weak downward trend next week, accompanied by certain corrective retracement. I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
FOREXCOM:XAUUSDShort
by JohnGonzalez7
3
Gold Falls from Peak, but Rate Cut Hopes Keep Outlook Positive● Gold prices fell after hitting a high at $3057.59 due to a stronger US dollar, making it more expensive for overseas buyers. ● Despite this, gold is set for its third consecutive weekly gain, up 0.7% this week. ● Market participants expect at least two US Federal Reserve rate cuts this year, supporting gold's long-term bullish outlook. ◉ Technical Observations ● While moving through the rising parallel channel, the price has just faced resistance from the upper boundary and is expected to have a pullback towards $2,950. ● If the price slips below this level, the next strong support is expected near $2,790.
OANDA:XAUUSDShort
by NaranjCapital
Don't miss out on this analysis of XAUUSD.On Mar 21, 2025, XAUUSD closed at 3023, with the lowest 2999.32 and the highest 3047.43. Previous support was 3000 and resistance was 3060. Now let's analyze new levels and the trend. New Support and Resistance Pivot Point Theory: From Huicong Finance data on Mar 21, 2025, the pivot point for XAUUSD is 3042.41, with support at 2995.85 and resistance at 3090.92. Technical Analysis: On the 4 - hour chart, support is near 3027.26 (20 - day MA) and in 3011 - 2996.90 range. Resistance is around 3056.20 - 3057.25 (previous high) and 3070 - 3085. Trend Analysis Technical: The 5 - day MA (around 3030) and 20 - day MA (2950 - 2942) are in a bullish arrangement, but the price has deviated. The 4 - hour chart shows a possible completed correction, yet there are divergence signs, indicating potential profit - taking pressure. Fundamental: Geopolitical tension in the Middle East persists, supporting gold. US economic data is weak, fueling recession concerns and safe - haven demand for gold. The market still anticipates Fed rate cuts, which would benefit gold. In short, XAUUSD may range - trade between 3000 - 3060 in the short - term. A break above 3060 could lead to higher prices, while a break below 2995.85 may open up downward space. The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:XAUUSD
by BenGray9
Next week's analysis has been written, please check itOn Mar 21, 2025, XAUUSD closed at 3023, with the lowest 2999.32 and the highest 3047.43. Previous support was 3000 and resistance was 3060. Now let's analyze new levels and the trend. New Support and Resistance Pivot Point Theory: From Huicong Finance data on Mar 21, 2025, the pivot point for XAUUSD is 3042.41, with support at 2995.85 and resistance at 3090.92. Technical Analysis: On the 4 - hour chart, support is near 3027.26 (20 - day MA) and in 3011 - 2996.90 range. Resistance is around 3056.20 - 3057.25 (previous high) and 3070 - 3085. Trend Analysis Technical: The 5 - day MA (around 3030) and 20 - day MA (2950 - 2942) are in a bullish arrangement, but the price has deviated. The 4 - hour chart shows a possible completed correction, yet there are divergence signs, indicating potential profit - taking pressure. Fundamental: Geopolitical tension in the Middle East persists, supporting gold. US economic data is weak, fueling recession concerns and safe - haven demand for gold. The market still anticipates Fed rate cuts, which would benefit gold. In short, XAUUSD may range - trade between 3000 - 3060 in the short - term. A break above 3060 could lead to higher prices, while a break below 2995.85 may open up downward space. The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:XAUUSDLong
by BenGray9
Black Friday in XAUUSD Right now, XAUUSD has reached the 3014 level. The second support level at 3000 is still holding firm. This climb to 3014 might be spurred by several factors. Geopolitical tensions could be driving investors towards the safety of gold, which XAUUSD represents. Additionally, dovish central bank policies, like potential interest rate cuts signaled by major banks, often make non - interest - bearing assets like gold more appealing.​ If the price falls below 3000 and stays there, we might expect a downward move towards the next support level. However, if it holds above 3000, an upward trend could resume. Keep an eye on economic data, such as upcoming inflation reports and employment figures. Market sentiment, especially how traders react to central bank announcements, will also be key in determining XAUUSD next move. The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:XAUUSDShort
by BenGray9
XAU/USD: Weekly Recap and Key Levels for Next WeekLast week, XAU/USD showed a pattern of high-level consolidation. After reaching the key psychological level of 3000 USD on March 17th, gold prices entered a sideways phase. On March 20th, gold hit a new all-time high of 3057 USD per ounce before pulling back. By March 22nd, gold prices had fallen for two straight trading days, briefly touching 2999 USD per ounce. However, dip-buying activity helped recover some of the losses. From a technical perspective, the 5-day and 20-day moving averages remain in a bullish alignment. However, the price has deviated significantly from these averages, indicating a need for a technical correction. Gold may continue its adjustment early next week, with support levels to watch in the 3000-3030 USD range. If geopolitical tensions do not escalate significantly, spot gold prices could test support near 2993 USD, though the likelihood of breaking below 3000 USD is low. If gold prices fall below the 5-day moving average, they may further test the 20-day moving average support (2950.00-2942.00 USD). If the recent consolidation range is broken, the resistance levels to watch are the previous high of 3057 USD and beyond. I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
FOREXCOM:XAUUSDShort
by JohnGonzalez7
2
Gold’s Uptrend Strong, But Is a Short-Term Drop Coming?Gold ( OANDA:XAUUSD ) has increased by more than +5% over the past seven days and has managed to create new All-Time High(ATH) daily. The reasons for the increase in Gold prices include US economic statistics and the tensions in the Middle East that have increased these days. The question is how long this bullish trend in Gold will continue. It seems that Gold needs at least a correction to continue its upward trend and I tried to find the starting zone of ​​the correction with technical analysis tools (for the short term ). Gold is moving near the Potential Reversal Zone(PRZ) , this zone could be a correction zone for Gold for at least the short term . Gold also responds well to the Pitchfork tool lines , the Pitchfork lines can be considered as support and resistance lines for gold . From an Elliott Wave theory perspective, Gold appears to be completing microwave 5 of main wave 5 (these five waves are likely to be part of main wave 3 ). Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to drop to at least $3,003 after breaking the Uptrend line , and my second target is $2,986 . Note: The worst Stop Loss(SL) for your Short position could be $3,061. Gold Analyze ( XAUUSD ), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
8
Gold (XAU/USD) – Head & Shoulders Breakdown in Bearish Move🔍 Overview of the Chart & Market Context This 15-minute Gold Spot (XAU/USD) chart shows the formation of a classic Head & Shoulders (H&S) pattern, signaling a potential trend reversal from bullish to bearish. This pattern often indicates that buying momentum is weakening, and a significant price decline may follow. Gold has been in a strong uptrend before forming this structure. However, after reaching a resistance zone at an all-time high (ATH), the market has failed to sustain its bullish momentum. The rejection from this level and the break of the neckline (support level) suggest that sellers are gaining control, leading to a potential bearish breakdown toward the downside target. This setup provides a high-probability shorting opportunity if price action follows through with the bearish structure. Let’s analyze the different elements in detail. 📊 Understanding the Head & Shoulders Pattern in Detail The Head & Shoulders is a well-known reversal pattern, and in this case, it forms at the top of an uptrend, indicating a shift in market sentiment. The key components of this pattern in the chart are: 1️⃣ Left Shoulder Price made an initial rally, then faced rejection at a resistance level. A retracement occurred, forming a swing low, which became part of the neckline support. 2️⃣ Head Buyers attempted another push, creating a higher high. However, the rally was unsustainable, as sellers pushed the price back down toward the neckline. This forms the peak of the structure, marking the highest point before the reversal. 3️⃣ Right Shoulder Another rally followed, but this time, buyers lacked strength. The price failed to break the previous high (head level) and reversed downward. This indicated that selling pressure was increasing, forming the right shoulder. 4️⃣ Neckline (Support Level) This is the most critical level in this setup. It connects the swing lows between the left shoulder and right shoulder. Once the price breaks below this trendline support, the pattern is confirmed, triggering a bearish move. 📌 Key Technical Levels Identified 🔵 Resistance Level (+ ATH – All-Time High) The blue box represents the strong resistance zone where gold faced rejection multiple times. This level acted as a supply zone, preventing further bullish continuation. 📉 Neckline & Support Level This trendline support (dotted black line) connected the lows between the left and right shoulders. A clean break and retest of this level signal further downside movement. 🚨 Stop Loss Level ($3,048.777) The ideal stop-loss placement is above the right shoulder to prevent getting stopped out by market noise. If the price reclaims this level, it could invalidate the bearish thesis. 🎯 Target Level ($2,989.544) The target is based on the measured move, calculated by taking the height from the head to the neckline and projecting it downward. If the breakdown plays out successfully, we could see a move toward $2,989.544 or even lower. 📉 Trading Plan: Bearish Trade Setup 🔴 Short Trade Entry Sell Entry: On the break & retest of the neckline (support turning into resistance). Confirmation: A strong bearish candlestick (e.g., engulfing pattern) below the neckline. 🚨 Stop Loss (Risk Management) SL Placement: Above the right shoulder ($3,048.777) to prevent false breakouts. Reason: If price moves above this level, the pattern gets invalidated. 🎯 Profit Target (Take Profit) Target Level: $2,989.544, based on the measured move. Risk-to-Reward (RR) Ratio: Aiming for at least a 1:2 RR ratio, ensuring a profitable setup. 📌 Confirmation Signals for Stronger Conviction For higher probability, traders should look for additional confirmations before entering the short position: ✔ Neckline Retest: After breaking below the neckline, price retests it as resistance before dropping further. ✔ Bearish Candlestick Pattern: Engulfing candles, shooting stars, or rejection wicks indicate strong selling pressure. ✔ Increased Volume on Breakdown: A spike in volume on the breakdown confirms strong market participation. ✔ RSI Divergence: A bearish divergence between price and RSI may signal trend exhaustion. 📉 Expected Price Action: What’s Next? Based on this setup, if the bearish structure plays out as expected: 1️⃣ Price will retest the neckline as new resistance. 2️⃣ Sellers will step in, pushing the price lower. 3️⃣ Gold will continue downward toward the $2,989 support level. 4️⃣ If strong selling continues, price may drop even further beyond the target zone. However, if price closes back above the right shoulder, the bearish setup gets invalidated, and traders should exit the short position immediately. 📌 Final Thoughts & Summary Pattern Identified: Head & Shoulders (Bearish Reversal) Market Bias: Bearish Entry Trigger: Break & retest of the neckline Stop-Loss Placement: Above the right shoulder ($3,048) Take-Profit Target: $2,989 Risk Management: Ensure a minimum 1:2 RR ratio 📉 Conclusion: Gold is showing signs of bearish exhaustion after forming a Head & Shoulders pattern. A confirmed break below the neckline suggests that the price may continue its downward trajectory. Traders should wait for a proper retest before entering, use strict risk management, and monitor key technical indicators for confirmation. Would you like me to provide an alternative trading plan if the price reverses? 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
Golden Strategy Perfect HitWalk together and witness the harvest! In the ups and downs of the trading market. With the trust and persistence of my trading strategies and trading plans, everyone successfully pocketed the fruits of victory. Sometimes you don't even need to know how to trade. Having an accurate and precise analysis guide is crucial and is the basis for profit. Similar accurate signals are available every day. Traders don't know when to enter the market? Then you can follow me. When the opportunity comes, I will promptly release more accurate signals in my trading center. Welcome everyone.
OANDA:XAUUSDLong
by TP_Daniel1
Profit again, follow-up operation strategyBrothers, as I mentioned in my last opinion, gold is facing support below 3030-3020, so I still prefer to go long on gold in terms of trading. Today, we went long on gold near 3023 according to the strategy of short first and long later. Just when gold rose to around 3038, I manually closed my long position and easily made a profit of 140 pips again. Today, Friday, gold hit the highest level of 3047 in the morning and started to fluctuate and fall. As of now, gold has hit the lowest level near 3021 and started to rebound. The 3025-15 line below is also the support position we have been talking about. Here we can find opportunities to intervene in long orders. We must be cautious in operation on Friday. All profits have been made this week. Since the announcement of the US interest rate decision, gold has been running all the way and has set a new record high again. Again, don’t chase gold at high levels, look for opportunities to go long when it falls back, and the operation is mainly to go long when it falls back. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us! From the 4-hour analysis, the short-term support of 3025-3015 is concerned, and the important support of 3000-05 is focused on. If it does not break, it will continue to be bullish. The upper target is to pay attention to the upper pressure. Before the daily level does not fall below the lower support, the main long rhythm will remain unchanged. I will inform you of the specific operation strategy in time, so please pay attention to it in time. Gold operation strategy: Gold will go long after stepping back on the 3025-3015 first line.
OANDA:XAUUSDLong
by TP_Daniel1