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GOLD 12H CHART ROUTE MAP ANALYSIS FOR THE WEEK12H GOLD Chart: Updated Analysis and Strategic Outlook (10the Feb 2024) Hello Traders, Here’s the latest 12H GOLD chart update, featuring a detailed review of recent movements and actionable insights for the upcoming market sessions. Our diligent tracking since October 2023 has consistently delivered 100% target accuracy, as evidenced by the marked Golden Circle areas on the charts. Let’s dive into the highlights and what lies ahead. Previous Chart Review * Entry Level 2814: ✅ DONE * TP1 2858: ✅ DONE * The price broke above the resistance level 2858 and reached a new ATH at 2886 last week. * EMA5 held above 2858, which fueled the strong bullish push during Friday’s NFP release. What’s Next for GOLD? Bullish or Bearish? The price is currently consolidating around 2858, with EMA5 playing a crucial role in determining the next trajectory. Resistance Levels: 2903, 2948, 2993 Support Levels (Activated GOLDTURN Levels): 2813 (Critical Weighted Level) 2770 (Critical Weighted Level) 2710 (Critical Weighted Level) 2664 (Major Support Level) 2599 (Lower Major Demand Zone and Retracement Range) EMA5 Behavior (Red Line): * Currently sitting below TP1 (2858) but indicating sustained bullish momentum. * EMA5’s crossing and locking above or below key levels will signal the next move: Bullish Scenarios: Scenario 1: If EMA5 crosses and locks above TP1 (2858), expect a bullish rally toward 2903. Scenario 2: If EMA5 crosses and locks above TP2 (2903), the next target is 2948. Scenario 3: A further cross and lock above 2948 could drive the price to 2993. Bearish Scenarios: If EMA5 fails to sustain above TP1 (2858) and resistance levels hold, expect a pullback toward support zones: Scenario 1: A cross and lock below Entry (2813) could lead to a decline toward 2770. Scenario 2: A further drop below 2770 may target 2710 as the next support level. Scenario 3: Continued bearish momentum could push the price toward 2664 and, ultimately, 2599 (Retracement Range). Short-Term Strategy: Anticipate possible reversals at weighted GOLDTURN levels 2813 and 2770. Leverage 1H and 4H timeframes to capture pullbacks around these levels. Target 30–40 pips per trade, focusing on shorter positions for effective risk management. GOLDTURN levels provide reliable bounce opportunities, allowing you to buy at dip levels. Long-Term Outlook: Maintain a bullish bias while using pullbacks as buying opportunities. Buying near key support levels ensures better entry points and mitigates risks, avoiding the pitfalls of chasing tops. Final Thoughts: Trade with precision, discipline, and confidence. Our accurate, multi-timeframe analysis equips you to navigate the market effectively. Stay updated with daily insights to remain ahead of market trends. We appreciate your support! Don’t forget to like, comment, and share this post to help others benefit. Best regards, 📉💰 The Quantum Trading Mastery Team
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD 1H CHAR ROUTE MAP & TRADING PLAN FOR THE WEEKGOLD 1H Chart – 12th Feb 2025 Dear Traders, Here’s the latest 1H chart analysis, outlining key levels and targets for the week. Gold is currently trading between two critical levels, with a gap above 2905 and below 2883. A confirmed EMA5 crossover and lock above or below these levels will indicate the next price direction. Until then, expect price fluctuations as these levels are tested repeatedly. Keep in mind that Inflation and CPI data are due today and tomorrow. While fundamental analysis plays a role in predicting gold's movement, our advanced technical analysis is essential for precise entry and exit points during these volatile geopolitical times. Our strategy remains focused on buying dips and monitoring key levels to identify potential bounce opportunities. Stay sharp! Resistance Levels: 2905, 2920, 2942, 2963, 2982, 3001, 3021, 3043 Support Levels: Gold Turn Levels : 2883, 2852, 2837, 2817, Retracement Range: 2802 - 2817 Swing Range: 2747 EMA5 (Red Line) Analysis: * Currently fluctuating between 2886 and 2905 * EMA5 positioning will be crucial in determining the next trading direction. Bullish Targets: EMA5 cross and lock Above 2905 → will open the following bullish Target 2920 ✅Done EMA5 cross and lock Above 2920 → will open the following bullish Target 2942 ✅Done EMA5 cross and lock Above 2942 → will open the following bullish Target 2963 EMA5 cross and lock Above 2963 → will open the following bullish Target 2982 EMA5 cross and lock Above 2982 → will open the following bullish Target 3001 EMA5 cross and lock Above 3001 → will open the following bullish Target 3021 EMA5 cross and lock Above 3021 → will open the following bullish Target 3043 Bearish Targets: EMA5 cross and lock Below 2883 → will open the following bearish Target 2852 EMA5 cross and lock Below 2852 → will open the following bearish Target 2837 EMA5 cross and lock Below 2837 → will open the following bearish Target 2817 EMA5 cross and lock Below 2817 → will open the following bearish Target 2802 (Retracement Range) EMA5 cross and lock Below 2802 → will open the following bearish Target 2747 (Swing Range) Trading Plan: * Stay bullish and buy pullbacks from key levels. * Avoid chasing tops—focus on buying dips. * Use smaller timeframes for entries at Goldturn levels. * Aim for 30–40 pips per trade for optimal risk management. * Each level can yield 20–40+ pips reversals. Trade with confidence and discipline. Stay tuned for our daily updates! Please support us with likes, comments, and follows to keep these insights coming. 📉💰 The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD DAILY CHART MID/LONG TERM UPDATEGOLD Daily Chart Update: 17the FEB 2025 Hello Traders, Here’s the latest update on the GOLD daily chart, which we've been closely monitoring and trading. Below, we break down recent price movements, updated key levels, and provide actionable insights for the days ahead. Recap of Recent Chart Success! Our recent analysis has proven highly accurate: ENTRY LEVEL 2744: ✅ Achieved TARGET TP1 (2807): ✅ Achieved TARGET TP2 (2870): ✅ Achieved TARGET TP3 (2933): ✅ Achieved What’s Next for GOLD? Bullish or Bearish? Last week, GOLD reached an all-time high of 2942.59. Currently, the price is fluctuating between the gap above 2933 and the gap below 2870. 2933 is acting as a key resistance level, and an FVG (Fair Value Gap) has formed to reinforce this resistance. As a result, our GoldTurn levels are now activated as key support zones. KEY LEVEL: 2870 Resistance Levels: 2933, 2990, 3051 Support Levels (GoldTurn Levels): 2870, 2801, 2744, 2671, 2595 EMA5 Behavior: * Or If EMA5 crosses and locks above 2933, it strengthens the bullish case. * If EMA5 fails to hold above 2870, cross and lock below this level 2870, expect a pullback to key GOLDTURN levels below. Recommendations: * Capitalize on Dip Opportunities: Use smaller timeframes (1H, 4H) to trade around GOLDTURN levels, targeting 30–40 pips per trade. * Stay focused on shorter trades in this range-bound market to manage volatility effectively. Long-Term Bias: Maintain a bullish outlook while viewing pullbacks as buying opportunities. Accumulate positions near key support levels for a safer approach instead of chasing highs. Final Note: Trade with confidence and precision. Our analysis ensures you’re well-prepared to navigate the evolving market landscape. Stay updated with our daily insights across multiple timeframes for deeper clarity. Thank you for your continued trust! Don’t forget to like, share, and comment to support our work. Best regards, The Quantum Trading Mastery Team
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD 1H CHAR ROUTE MAP & TRADING PLAN FOR THE WEEKGOLD 1H Chart – 17th Feb 2025 Dear Traders, Here’s the latest 1H chart analysis, outlining key levels and targets for this week trading plan Gold is currently trading between two critical levels, with a gap above 2905 and below 2878. A confirmed EMA5 crossover and lock above or below these levels will indicate the next price direction. Until then, expect price fluctuations as these levels are tested repeatedly. Keep in mind that Its president day today in the US and market will remain close today. Our strategy remains focused on buying dips and monitoring key levels to identify potential bounce opportunities. Stay sharp! Resistance Levels: 2905, 2920, 2942, 2949, 2972, 2994, 3011 Support Levels: Gold Turn Levels : 2878, 2852, 2837, 2817, 2802, 2776, 2747 Retracement Range: 2802 - 2817 Swing Range: 2747 GOLDTURN LEVELS ARE ACTIVATED! EMA5 (Red Line) Analysis: * Currently fluctuating between 2878 and 2905 * EMA5 positioning will be crucial in determining the next trading direction. Bullish Targets: EMA5 cross and lock Above 2910 → will open the following bullish Target 2928 EMA5 cross and lock Above 2928 → will open the following bullish Target 2949 EMA5 cross and lock Above 2949 → will open the following bullish Target 2972 EMA5 cross and lock Above 2972 → will open the following bullish Target 2994 EMA5 cross and lock Above 2994 → will open the following bullish Target 3011 Bearish Targets: EMA5 cross and lock Below 2878 → will open the following bearish Target 2852 EMA5 cross and lock Below 2852 → will open the following bearish Target 2837 EMA5 cross and lock Below 2837 → will open the following bearish Target 2817 EMA5 cross and lock Below 2817 → will open the following bearish Target 2802 (Retracement Range) EMA5 cross and lock Below 2802 → will open the following bearish Target 2747 (Swing Range) Trading Plan: * Stay bullish and buy pullbacks from key levels. * Avoid chasing tops—focus on buying dips. * Use smaller timeframes for entries at Goldturn levels. * Aim for 30–40 pips per trade for optimal risk management. * Each level can yield 20–40+ pips reversals. Trade with confidence and discipline. Stay tuned for our daily updates! Please support us with likes, comments, and follows to keep these insights coming. 📉💰 The Quantum Trading Mastery
FXOPEN:XAUUSDShort
by TheQUANTUMTraders
GOLD 12H CHART ROUTE MAP ANALYSIS FOR THE WEEKGOLD 12H CHART UPDATE: 17th FEB 2025 Hello Traders, Here’s the latest 12H GOLD chart update, offering a thorough review of recent price movements and key insights for the upcoming sessions. Since October 2023, our careful tracking has maintained 100% target accuracy, as reflected by the Golden Circle markers on the charts. Let’s explore the highlights and what lies ahead. Recap of Recent Chart Success! Our recent analysis has been highly accurate: Entry Level 2814: ✅ Achieved TP1 2858: ✅ Achieved TP2 2903: ✅ Achieved TP3 2948: ✅ Partially achieved After hitting TP3, 2948 acted as the expected resistance level, causing a price reversal of over 40 pips down to the weighted GoldTurn levels of 2900 and 2856. These levels provided support, allowing the price to bounce back toward the resistance zone. What’s Next for GOLD? Bullish or Bearish? * Resistance Levels: 2942, 2993, 3041 * Support Levels (GoldTurn Levels): 2900, 2856, 2813, 2770, 2710, 2664, 2599 * FVG is providing strong resistance 2910 which will cause short bearish EMA5 Behavior (Red Line): Current EMA5: 2903.06 * EMA5 is fluctuating between two key weighted levels, with a gap above 2948 and below the 2900 GoldTurn level. * A crossover of EMA5—either above or below the weighted level—will signal the next significant move for GOLD. Bullish Targets EMA5 cross and hold above 2814, will open the following bullish target 2858 ✅ DONE EMA5 cross and lock Above 2858, will open the following bullish target 2903 ✅ DONE EMA5 cross and lock Above 2903, will open the following bullish target 2948 ✅ DONE EMA5 cross and lock Above 2948, will open the following bullish target 2993 EMA5 cross and lock Above 2993, will open the following bullish target 3041 Bearish Targets EMA5 hold and cross Below 2900: will open the following bearish target 2856 ✅ DONE EMA5 cross and lock Below 2856: will open the following bearish target 2813 EMA5 cross and lock Below 2813: will open the following bearish target 2770 EMA5 cross and lock Below 2770: will open the following bearish target 210 EMA5 cross and lock Below 2710: will open the following bearish target 2664 (Retracement Range) Short-Term Strategy: Anticipate possible reversals at weighted GOLDTURN levels 2856 and 2813. Leverage 1H and 4H timeframes to capture pullbacks around these levels. Target 30–40 pips per trade, focusing on shorter positions for effective risk management. GOLDTURN levels provide reliable bounce opportunities, allowing you to buy at dip levels. Long-Term Outlook: Maintain a bullish bias while using pullbacks as buying opportunities. Buying near key support levels ensures better entry points and mitigates risks, avoiding the pitfalls of chasing tops. Final Thoughts: Trade with precision, discipline, and confidence. Our accurate, multi-timeframe analysis equips you to navigate the market effectively. Stay updated with daily insights to remain ahead of market trends. We appreciate your support! Don’t forget to like, comment, and share this post to help others benefit. Best regards, 📉💰 The Quantum Trading Mastery Team
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD 4H ROUTE MAP TRADING PLAN FOR THE WEEKGOLD 4H Chart Analysis – 24th Feb 2025 Hi Everyone, Please see our updated 4h chart levels and targets for the coming week. Review of Previous Chart: Entry Level: 2814 ✅ Take Profit 1: 2850.15 ✅ (Hit) Take Profit 2: 2876.95 ✅ (Hit) Take Profit 3: 2903.76 ✅ (Hit) Take Profit 4: 2925.85 ✅ (Hit) Take Profit 5: 2952.70 ✅ (Hit) To Achieve TP6, TP7 and TP8, please consider the following scenario below. Read the caption carefully. Key Level: 2876 Resistance Level: 2952, 2984, 3017, 3052 Support Levels (Goldturn Levels) : 2925, 2900, 2876, 2852, 2828, 2803, 2776, 2747 GOLDTURN KEY LEVELS ARE ACTIVATED at zone 2925 and below. EMA5 Behavior (Red Line): Current EMA5: 2935.28 FOCUS ON EMA5 REACTION DEEPLY * EMA5 is fluctuating between two key weighted levels, with a gap above 2952 and below the 2925 GoldTurn level. * A crossover of EMA5—either above or below the weighted level—will signal the next significant move for GOLD. Bullish Targets EMA5 cross and lock Above 2952, will open the following bullish target 2984 EMA5 cross and lock Above 2984, will open the following bullish target 3017 EMA5 cross and lock Above 3017, will open the following bullish target 3052 Bearish Targets EMA5 cross and lock Below 2925: will open the following bearish target 2900 EMA5 cross and lock Below 2900: will open the following bearish target 2876 EMA5 cross and lock Below 2876: will open the following bearish target 2852 EMA5 cross and lock Below 2852: will open the following bearish target 2828 EMA5 cross and lock Below 2828: will open the following bearish target 2803 (Retracement Range) EMA5 cross and lock Below 2803: will open the following bearish target 2747 (Swing Range) Trading Plan: * Stay bullish and buy pullbacks from key levels. * Avoid chasing tops—focus on buying dips. * Use smaller timeframes for entries at Goldturn levels. * Aim for 30–40 pips per trade for optimal risk management. * Each level can yield 20–40+ pips reversals. ong-Term Outlook: Maintain a bullish bias while using pullbacks as buying opportunities. Buying near key support levels ensures better entry points and mitigates risks, avoiding the pitfalls of chasing tops. Trade with confidence and discipline. Stay tuned for our daily updates! Please support us with likes, comments, and follows to keep these insights coming. 📉💰 The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
Bollinger Bands Warning: Is Gold Losing Uptrend?Gold ( OANDA:XAUUSD ) has succeeded in creating a New All-Time High(ATH) as I expected in my previous post . Now, the question is whether Gold can continue its upward trend. Gold is currently moving in the Resistance zone($3,058-$3,045) . The upper and lower lines of the Bollinger Bands indicator also play the role of resistance and support well on the 1-hour time frame . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks( Bollinger Bands indicator and Price ). Educational Note : A divergence forms when the price chart and the indicator behave in contrast to each other. Divergence sell signals mostly form at the end of an upward trend, where the price chart forms a peak above the Bollinger upper band and another peak after, below the upper band. These signals are considered negative Regular Divergences(RD-) , hinting at a potential market reversal and a downward trend. In terms of Elliott Wave theory , I think the main wave 4 is NOT yet complete, and we can expect another corrective wave . I expect Gold to bearish trend in the coming hours and drop to at least $3,036 , with the next target being an attack on the Support zone($3,032-$3,021 ) . Note: If Gold goes above $3068.29, we should expect more Pumps. Gold Analyze ( XAUUSD ), 1-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
14
GOLD: Short, Target 3041-3036After yesterday's rise, some gold indicators have formed a relatively obvious short position, so in today's trading, I personally recommend focusing on the short position. During the trading process, we need to pay attention to the support points of 3046/3037/3032, the high point of resistance of 3060, and the possible new high of 3067. From the overall situation, it is unlikely to break through 3067 today, but it is more likely to fall to around 3037.
OANDA:XAUUSDShort
by Trading_King_Arthur
Gold breaks out for new highs. Ideal for shorting!Today, major funds in the gold market are rapidly covering their short positions, triggering a short - term technical rebound. Despite the bearish outlook remaining solid from a fundamental perspective, investors should prioritize prudent position sizing and effective risk management. Notably, once this corrective upward movement concludes, the market may face a more pronounced downward trend. XAUUSD sell@3050-3055-3060 tp:3035-3025 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
1
How do you view the market?Market Sentiment Aspect During sideways consolidation and oscillation with limited price swings, bullish sentiment may quietly build. When the XAUUSD price breaks through the resistance, this sentiment is unleashed, sparking more buying. Moreover, large institutional investors and professional traders may use technical analysis to establish long positions early. As the price breaks through, their profitable long positions draw in more buyers, solidifying the bulls’ dominance. Presently, within the XAUUSD market, the 3060 level has emerged as a highly significant resistance zone, effectively impeding upward price momentum. In light of this persistent and robust resistance at current elevated price levels, we intend to sustain a steadfastly bearish trading stance. 💎💎💎 XAUUSD 💎💎💎 🎁 Sell@3055 - 3065 🎁 TP 3040 3030 3020 3010 3000 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
How d'we beat 'em? Sell@3060Energy Accumulation during Sideways Consolidation The consecutive days of sideways consolidation represent a temporary equilibrium between the bulls and the bears. During this period, the bulls are constantly accumulating strength, while the bears' strength is gradually being depleted. Just like a compressed spring, the longer the sideways consolidation lasts, the greater the upward momentum accumulated, which creates conditions for a subsequent breakout. Breakthrough of Key Resistance Level The $3040 level is an important resistance level. When the gold price successfully breaks through this level, it triggers follow - up buying from a technical perspective. According to technical analysis theory, breaking through a key resistance level is an important signal of trend continuation or reversal. Once the resistance level is broken, it will attract a large number of technical investors to follow suit and buy, driving the gold price to rise further. Meanwhile, after the resistance level is broken, the original resistance level will turn into a support level, providing support for the further rise of the gold price. Market Sentiment Aspect During the period of sideways consolidation and oscillation, although the price fluctuations are relatively small, the bullish sentiment in the market may gradually accumulate. Once the gold price breaks through the resistance level, this bullish sentiment will be ignited, triggering more buying behaviors from investors. In addition, some large institutional investors or professional traders may, through means such as technical analysis, lay out long positions in advance. When the gold price breaks through the resistance level, their long positions start to generate profits, thus attracting more investors to follow suit and buy, forming a situation where the bulls take the lead. 💎💎💎 XAUUSD 💎💎💎 🎁 Sell@3055 - 3065 🎁 TP 3040 3030 3020 3010 3000 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
1
XAU/USD strategy discussionIn the early stage of gold trading this week, we continued to make profits with a reasonable strategy. But in early trading today, after setting a stop loss according to the established strategy, due to market fluctuations far exceeding expectations, our short order strictly implemented a stop loss after reaching 3045, but when gold tested the 3060 resistance again, I chose to short again and reap profits Today once again highlights the high degree of uncertainty in the market, even in the profitable stage, latent risks cannot be ignored. Reasonable adjustment of trading strategies according to risk tolerance can ensure stable account growth. If you have any questions, you can leave me a message and I will be more than happy to answer them for you.
OANDA:XAUUSD
by HenryClarke
3
XAUUSD sell signal Relentless tariff jitters, coupled with renewed weakness in the US Dollar, have propelled gold prices back toward record territory—hovering just above $3,050 per troy ounce. The XAU/USD pair maintains the upward pressure and aims to extend its advance, according to technical readings in the daily chart. The pair develops above all its moving averages, with a bullish 20 Simple Moving Average (SMA) picking up momentum and currently at around $2,968.40. At the same time, technical indicators resumed their advances within positive levels, in line with a higher high ahead. Gold sell 3051 Support 3045 Tp1 3031 Target 3022 Resistance New hit 3065
OANDA:XAUUSDShort
by Stiven088
1
XAUUSD:End-of-Session Trading StrategyToday, gold experienced a shakeout after a period of volatility and made a strong assault on 3060. The trading idea for the end of the trading session is now extremely clear. We have chosen to enter a short position for the second time below the previous historical high range of 3055-57. The short positions established at 3052-55 have currently retreated to around 3035 at the lowest. Since there has been a pullback from the high level, it indicates that the bullish momentum is not that strong. There has been no decisive breakthrough in one go, and the probability of breaking through 3055 tonight is gradually decreasing. It is highly likely that the gold price will consolidate within the range of 3030-50 at the end of the trading session. When the price pulls back to around 3031-33 at the lower end, one can reverse the position and enter a long position, with a stop-loss set at around 3025. Once there is another rebound to around 50-52, a short position can still be taken. The key focus is on the closing price tonight. XAUUSD Trading Strategy: sell@3055-3060 tp:3040-3030 sell@3031-3033 tp:3045-3055 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
FOREXCOM:XAUUSDShort
by LeoBlackwood
1
Gold shocks converge, trading strategy fully analyzedTechnical analysis of gold: Gold has slightly risen and fallen during the day, and the overall trend remains in a volatile trend. Gold is currently maintaining a narrow range of fluctuations on the daily trend, but the short-term moving average has gradually diverged downward, and there are signs of weakening in the short term on the daily line. The 4-hour level trend is temporarily maintained in a volatile state, and the price is temporarily compressed between 3010-3030. The short-term moving average continues to maintain a state close to adhesion and flattening, tending to maintain a volatile trend in the short term. It is necessary to pay attention to the continued downward trend after a small break in the 4-hour level trend. In the small-level cycle trend, after touching the previous support band, there are signs of stabilization again. Pay attention to the short-term adjustment. Gold is about to explode in a big market. The obvious box-shaped oscillation triangle is converging, that is, it has become narrower, and the oscillation has lasted too long. If it can break through 3038 with consecutive positive lines, then today will basically continue a wave of pull-ups, so there is a high probability that the 4-hour middle track or the daily 5-day moving average will break. On the contrary, if the psychological barrier of 3000 is lost, the market may fall back to the support zone of 2971-2997 for correction. On the whole, today's short-term operation of gold suggests that callbacks should be the main focus, and rebound shorts should be supplemented. The top short-term focus is on the first-line resistance of 3030-3036, and the bottom short-term focus is on the first-line support of 3010-3012. Friends, you must keep up with the rhythm. Gold operation strategy: short gold rebound near 3028-3035, and go long on the pullback of 3015-3010.
OANDA:XAUUSDShort
by TP_Daniel1
Gold (XAU/USD) Double Top Pattern – High Probability Trade Setup📌 Overview of the Chart: This 4-hour timeframe chart of Gold Spot (XAU/USD) highlights a Double Top pattern, one of the most reliable bearish reversal signals in technical analysis. The price has tested a strong resistance zone twice (Top 1 & Top 2) but failed to break above, suggesting that bullish momentum is weakening and a possible trend reversal is imminent. This setup provides an excellent opportunity for a short (sell) trade, provided the price confirms the pattern by breaking below the neckline. The potential downside targets are marked as TP1 ($2,983) and TP2 ($2,938), with a stop loss placed above resistance ($3,056) to manage risk effectively. 📌 Key Chart Patterns & Market Dynamics 1️⃣ Double Top Pattern – The Bearish Reversal Signal The Double Top pattern occurs when: ✅ The price reaches a resistance zone and gets rejected (Top 1). ✅ It then retraces downward to find support at the neckline. ✅ The price makes another attempt to push higher but fails at the same resistance level (Top 2). ✅ A break below the neckline confirms the bearish trend, as buyers lose strength and sellers take control. 🛑 Why is this pattern important? The failure of buyers to push beyond resistance shows that sellers are dominating. This creates a psychological shift in the market, making traders and institutions more likely to sell aggressively once the neckline is broken. 2️⃣ Resistance Level – The Rejection Zone 🔵 Price Level: $3,050 – $3,056 🔵 Role: Key supply area where sellers are strong 🔵 Market Impact: Strong rejections at this level indicate that big players (institutions) are offloading positions, leading to bearish momentum. Why Does This Matter? 📌 If the price breaks above this level, it would invalidate the bearish setup, leading to potential further upside. 📌 This is also why we place our Stop Loss above this level—to protect against unexpected bullish breakouts. 3️⃣ Neckline Support – The Breakout Zone 🔻 Price Level: Around $3,020 🔻 Role: The last line of defense for buyers before a bearish breakout 🔻 Market Impact: If this level is breached, it confirms the Double Top pattern, leading to a sharp decline. 📌 A confirmed break of the neckline is the ideal point for traders to enter a short (sell) position, targeting lower price levels. 4️⃣ Key Take Profit (TP) Targets – Where Price Might Drop 🎯 TP1 – $2,983: This level is a minor support zone where price may temporarily pause before further decline. Conservative traders may choose to secure profits here. 🎯 TP2 – $2,938: A stronger historical support zone, making it a high-probability target for a full bearish move. More aggressive traders may hold positions until this level. 📌 Why These Levels? These targets align with Fibonacci retracement zones and previous market structure, increasing the likelihood of a reaction at these points. 5️⃣ Stop Loss – Managing Risk Like a Pro Placement: Above the resistance zone at $3,056 Reason: If price breaks above resistance, it invalidates the bearish thesis, meaning we need to exit the trade. Risk-Reward Ratio: TP1: ~2:1 TP2: ~3.5:1 A good risk-reward setup, ensuring a profitable edge over multiple trades. 📌 Trading Strategy & Execution Plan 📉 Bearish (Sell) Setup: 1️⃣ Wait for confirmation – Price must break below the neckline ($3,020) before entering a short trade. 2️⃣ Sell Entry: On a confirmed break and retest of the neckline. 3️⃣ Stop Loss: Above the resistance zone ($3,056). 4️⃣ Take Profit Targets: TP1 ($2,983) – First profit level. TP2 ($2,938) – Secondary target for deeper decline. 📌 Optional Confirmation: Look for bearish candlestick formations (e.g., Bearish Engulfing, Shooting Star, or Doji) near resistance or after a neckline breakout. Monitor RSI/MACD for bearish divergence, confirming weakening momentum. 📌 Market Psychology Behind This Pattern 1️⃣ First Peak (Top 1): Buyers push the price up, but sellers step in at resistance and force a pullback. 2️⃣ Pullback to Neckline: Some buyers re-enter, believing the uptrend will continue. 3️⃣ Second Peak (Top 2): Price attempts another rally but fails at the same resistance, showing buyers' exhaustion. 4️⃣ Break of the Neckline: Sellers take full control, leading to a high-momentum sell-off. 📌 Key Takeaway: 💡 The Double Top is a trader’s favorite because it reflects a real psychological shift in market sentiment—from greed (buyers) to fear (sellers). 📌 Final Verdict – High Probability Trade Setup ✅ Double Top formation confirms a bearish trend reversal. ✅ Strong resistance & multiple rejections signal seller dominance. ✅ Clear risk management strategy (Stop Loss & TP Levels). ✅ Waiting for neckline break ensures a high-probability entry. 🚀 Watch this setup carefully! If the neckline breaks, GOLD could experience a sharp decline! 📉🔥 🔍 Pro Tips for Smart Traders 💡 Don’t rush into a trade! Wait for a solid break and retest of the neckline for confirmation. 💡 Monitor volume: A strong breakout should be accompanied by increasing volume for validation. 💡 Use confluence: Combine with other indicators (RSI, MACD, EMA) to increase accuracy. 🔥 What’s Your Take on This Setup? Will You Trade It? Let Me Know in the Comments! 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
Gold (XAU/USD) Technical Analysis - March 27, 2025 Chart InsightChart Insights Timeframe: 30-minute chart Current Price: $3,052.005 High: $3,052.060 Low: $3,039.910 Volume: 8.98K ticks Trade Setup Entry Criteria: A bearish candle formation on the 15-minute chart is required for entry. Direction: Short (Sell) trade setup Stop-Loss (SL): Around $3,053.421 (above resistance zone) Take Profit (TP) Targets: Target 1: ~$3,040 (previous support level) Target 2: ~$3,026.486 (next major support) Key Technical Factors Strong Resistance Zone (~$3,048 - $3,053): Price had a strong bullish rally but hit resistance. A potential reversal zone if sellers gain control. Bearish Confirmation Needed: Waiting for a bearish candlestick (like a rejection wick, engulfing, or shooting star) on the 15-min chart for confirmation. Volume Spike: High buying pressure is observed, but if it weakens, a reversal could happen. Conclusion: If a bearish pattern forms, shorting gold with Targets at $3,040 and $3,026 is a viable plan. If price breaks above $3,053 with strength, the bearish setup becomes invalid. Would you like me to add further risk management details?
OANDA:XAUUSDShort
by xxChartWhizxx
GOLD: Bullish pattern, Short first then LongIn the 4H chart, the bulls have not completely unloaded their strength. From the perspective of the pattern, it should be possible to reach the area around 3050-3058. In the 30M chart, it is currently near resistance, focusing on the resistance of the 3037-3044 range. You can consider shorting around 3043, and the target is temporarily set around 3033. Today there is initial jobless claims data, and I personally expect it to be bullish for gold, so I plan to hold long positions when the data is released.
OANDA:XAUUSDLong
by Trading_King_Arthur
Gold Outlook – Steady Range Before Key Data Hits🟡 Market Context: Gold has been trading in a steady range since the start of the week, with no significant breakout or momentum shift observed. Today’s session is expected to remain quiet, as there are no major economic events scheduled. All eyes are on the Thursday GDP release and Friday’s PCE inflation data from the US — both of which are likely to determine the direction for gold into the end of the month and quarter. 📆 Key Data to Watch: Thursday: US Quarterly GDP Friday: US PCE Price Index (Federal Reserve’s preferred inflation gauge) These events are considered high-impact catalysts that may trigger sharp moves in gold, especially if surprises occur. 🔍 Technical Structure: Price continues to respect key support and resistance zones identified earlier this week. There is no confirmed breakout yet, so the strategy remains range-based: ➡️ Trade the levels. Watch for reaction signals at extremes. ➡️ Wait for clearer momentum following the macro releases. 🧭 Key Price Levels: 🔺 Resistance: 3,010 – 3,036 – 3,046 – 3,057 🔻 Support: 3,010 – 3,001 – 2,988 🎯 Trade Plan – 26/03 BUY ZONE: 2988 – 2986 SL: 2982 TP: 2992 – 2996 – 3000 – 3004 – 3008 – 3015 SELL ZONE: 3045 – 3047 SL: 3051 TP: 3042 – 3038 – 3034 – 3030 – 3026 – 3020 🧠 Final Notes: The market remains in accumulation mode ahead of key US data. No need to rush — protect your capital, wait for clean setups, and let the market reveal its hand. — AD | Money Market Flow
OANDA:XAUUSDShort
by MMFlowTrading
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