Gold Drops Hard – Will 2880 Be the Next Support Test? Yesterday was marked by significant volatility in Gold.
After reaching an intraday high of 2945, the price plummeted more than 500 pips, hitting a low of around 2890.
As I highlighted in my previous analysis, 2930 was a key pivot level, and breaking below it triggered an accelerated decline. This level has now turned into resistance and was already tested overnight.
Looking ahead, this correction may not be over yet and the price could drop below 2900 again and we could see a test of the 2880 horizontal support level.
I remain bearish on Gold as long as the 2930–2935 zone remains intact. 📉
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Xauusdsignal
Gold Outlook: Bearish Pressure ContinuesYesterday, Gold once again rebounded from the newly formed support around 2890. However, after reaching the 2920 resistance zone, the price started to decline again.
While the daily candle on the chart appears as a Doji, signaling indecision, overnight price action suggests renewed downside pressure, testing support once more.
The overall chart structure and price action indicate that this support level is likely to break. In my view, even the older technical support at 2880 may not hold.
🔹 Trading Strategy:
✅ Focus on selling rallies, with confirmation below support.
✅ Negation of the bearish bias only occurs if Gold moves above 2920 resistance.
✅ Target: A deeper correction towards 2850.
Stay disciplined and trade wisely! 📉
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
SCALPING ! XAU , waiting for entry SELL 2928 , TRENDLINE⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Richmond Fed President Thomas Barkin said Tuesday he will take a wait-and-see approach on interest rates until there's clear evidence that inflation is returning to the Fed's 2% target.
Dallas Fed President Lorie Logan suggested that, in the medium term, the Fed should focus on buying more short-term securities to better align its portfolio with Treasury issuance, according to Bloomberg.
⭐️ Personal comments NOVA:
Gold price is still moving in the H1 downtrend line, the price zone is correcting and accumulating above 2900.
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2928 - $2930 SL $2933 scalping
TP1: $2924
TP2: $2920
TP3: $2915
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD BULLISH OPPORTUNITYGold recently gained a lot of bullish momentum to its new all time high in early February until when we saw it drop sharply in this week, currently ranging at 2874 after reaching monthly support level i expect gold to gain back its bullish momentum the whole of March
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Terlegram:Wireforex0
trend towards 2845, trend continues to strengthen! gold ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) declines for the second consecutive day, hitting a two-week low around $2,860 during Friday's Asian session. The US Dollar (USD) continues its recovery for the third straight day, supported by expectations that the Federal Reserve (Fed) will maintain its hawkish stance due to persistent inflation. This strengthens the USD and weighs on the non-yielding gold.
⭐️ Personal comments NOVA:
The gold price adjustment is mandatory, along with the influence of the world financial sectors, selling off at the same time. The trade war is very close, gold is also negatively affected by investors.
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2891 - $2893 SL $2898
TP1: $2885
TP2: $2878
TP3: $2870
🔥 BUY GOLD zone: $2846 - $2844 SL $2839
TP1: $2852
TP2: $2860
TP3: $2870
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE :
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAUUSD: Sell in advance and wait for a huge drop.On the eve of the opening of the New York market. The gold price has been fluctuating in a narrow range around 2983-2892. Combined with the current bearish sentiment, it is observed that the gold price will soon see a large decline after the opening of the New York market.
In terms of operation, it is still sold in the range of 2898-2892
tp2875
sl2905
With the successful completion of the previous short order. Whether this order can successfully achieve the goal, we will wait and see. If you don’t know how to trade, you can follow. If you want to pay attention to subsequent analysis and real-time trading opportunities. Remember to check the precise guidance in the analysis circle.
MCX:GOLD1! FOREXCOM:XAUUSD FX:USOIL COINBASE:BTCUSD
GOLD, Is a correction on the way ???Hello Traders, Hope you are doing great.
GOLD is forming a Rising Wedge Reversal pattern these days and it seems that Bulls aren't able to raise the price at least for now. So I expect a downward correction in upcoming days.
Remember that this kind of corrections are temporary and gold price will probably see higher price this year; so Don't forget to use proper risk management .
and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
XAU/USD: Will it rise again?Today, gold has experienced a significant decline. We have been insisting on shorting gold this week and have made huge profits. Today, it has tested the key support level near 2860.
If you still have orders in your account that are in a loss-making position, you can reduce the losses during this upward movement and then close the orders. Later, follow my strategy to restore your account.
In just one week, the account has made a profit and increased from 40K to 150K. It is about to achieve the target of 200K. If you also need accurate signals or want to copy my trading orders, you can click on the link below the article to obtain them.
continue to decrease, return to price zone 2904⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
US consumer confidence saw its biggest drop since August 2021, falling to 98.3 in February from 105.3, according to the Conference Board.
Richmond Fed President Thomas Barkin said on Tuesday that he favors a wait-and-see approach on interest rates until there is clear evidence that inflation is returning to the Fed’s 2% target.
Meanwhile, Dallas Fed President Lorie Logan suggested that, over time, the Fed should prioritize purchasing shorter-term securities to better align its portfolio with Treasury issuance, as reported by Bloomberg.
⭐️ Personal comments NOVA:
Still a downtrend today, back to the price range of 2900, 2890 to accumulate the uptrend
⭐️ SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2905 - $2903 SL $2900 scalping
TP1: $2908
TP2: $2912
TP3: $2920
🔥 BUY GOLD zone: $2889 - $2887 SL $2882
TP1: $2895
TP2: $2903
TP3: $2910
🔥 SELL GOLD zone: $2946 - $2948 SL $2953
TP1: $2940
TP2: $2930
TP3: $2920
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE :
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
XAUUSD: Is there a bottom reversal opportunity coming soon?
Overnight gold prices once again rebounded from the lowest position.
The lowest touched 2900.
There were a lot of data news released in the early morning.
This gave gold prices a certain degree of rebound opportunities.
The highest impact reached 2930,
but then it fell sharply, the lowest to 2905.
It has now returned to the normal level of 2914.
From the big trend. The long-short conversion has become a foregone conclusion.
The operation suggestion is to sell high. Of course, if the sudden news distorts the market trend, there is an exception.
Gold prices continued to fall again following my instructions, reaching a minimum of 2890, forming a double bottom structure at the bottom. There are currently no major factors driving gold prices down in terms of news. Therefore, the current pullback is just a correction, so there is a probability of a sharp rebound after the double bottom support. Focus on the rebound range of 2900-2912. Operation suggestions: Mainly long.
XAU/USD: Will it rise again?The peak of gold at 2960 has already appeared, and now it has entered a downward trend. However, there is still strong support at 2880 below. There is still a possibility of a short-term rise, but the trading strategy still recommends continuing to go short after the price rises.
Today's trading strategy for gold:
xauusd sell@ 2920-2930
TP: 2900-2890
Currently, the account balance has increased from 40K to 100K in just three days. This account will create a miracle. If you also need accurate signals or want to copy my orders, you can click on the link below the article to obtain the relevant information.
Gold is falling, how to trade?Yesterday, the technical side of gold fluctuated repeatedly in the Asian session and traded sideways, and it was suppressed and fell at the 2950 mark. It continued to fall before the US session in the evening, breaking through the 2925 mark and stabilizing and rebounding. Finally, the US session hit a second high and was suppressed by the 2945 line, ushering in an accelerated waterfall decline. Finally, the gold price fell back in the early morning, pierced the 2900 mark and reached around 2888, rebounded and fluctuated to close.
From the daily chart, a negative line with a long lower shadow appeared on the gold daily chart. The MACD indicator double lines in the figure have entered the dead cross operation process, but the price has not shown obvious decline. The moving average cluster still maintains a long arrangement. After the rebound, the KDJ three lines now also have signs of a dead cross, indicating that the gold price still has a downward trend. The 4-hour chart shows that gold has failed to break through the position near 2956 US dollars after many upward efforts. The support below continues to take effect at the 2888 line. Today's upper short-term resistance opened at 2930-2935 near the hourly line yesterday. The intraday rebound relies on this position to continue to be short and follow the trend to fall. The target below focuses on the stabilization of the support at the 2900 mark.
Gold operation strategy: It is recommended to short at 2930-2928, stop loss at 2937, and target at 2915-2910;
XAUUSD Trading SignalsFrom the current 4-hour analysis, the support below continues to focus on the vicinity of 2930, and the short-term pressure above focuses on the 2950-55 line. The overall main tone of relying on low-long participation remains unchanged. In the middle position, watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Go long when gold falls back to the 2930-35 line, and cover long positions when it falls back to the 2920-25 line, stop loss at 2814, and target 2950-2955 line.
XAUUSD SignalAt the 4-hour gold level, long lower shadow K-lines were closed for many consecutive times, and the price repeatedly closed at the middle track and above it, indicating that the short-term bullish momentum is still relatively strong and relatively resistant to declines; at the hourly gold level, there was a wave of decline in the morning today, and it closed with a long lower shadow K-line at 10 o'clock. For the volatile market, this is a bullish signal, and it is in line with a wave of bottoming out and rising in the afternoon; then it stepped back to confirm that the middle track stabilized and continued to be bullish, and the European session was in line with a wave of rise; so for tonight, the support to be paid attention to is still the middle track. As long as it stabilizes and closes above this position, a long lower shadow K-line or a big positive K-line appears to bottom out. These are all opportunities to follow the bullish trend again. The resistance target is the upper track of the yellow channel at 2952. If it breaks through the upper track, it will be the daily trend pressure at 2962. If the middle track is lost and goes down, then tonight will basically be treated as an ups and downs, and the support below 2925-2920 will be watched for stabilization and consolidation.
Gold operation strategy: It is recommended to short at 2950-2948, stop loss at 2955, target at 2940-2930. It is recommended to long at 2925-2927, stop loss at 2920, target at 2935-2945.
XAUUSD: The profit has reached 70KThe consecutive short-selling strategies have perfectly captured the profit from the decline in the price of gold. Congratulations to the friends who have been following my trading. I will continue to provide accurate strategies.
Currently, the account balance has increased from 40K to 100K in just three days. This account will create a miracle. If you also need accurate signals or want to copy my orders, you can click on the link below the article to obtain the relevant information.
XAUUSD analysis looking for short.This is a candlestick chart showing the price movement of Gold (XAU) against the US Dollar (USD) on an hourly timeframe (1H).
The chart shows price action with red and yellow candlesticks indicating bearish and bullish movements. After a period of choppy, sideways movement, there’s a sharp downward price drop followed by a small recovery.
An "Entry Zone" is marked in a shaded red area between roughly 2,914 and 2,922, indicating a potential area where traders might look to enter short positions. Above this zone, a red-shaded region represents a stop-loss area around 2,931.765.
Two potential downward price movement projections are illustrated with black arrows, both suggesting a continuation of the downtrend after possible retests of the entry zone. The ultimate target for this move is marked near 2,865.335, suggesting a bearish outlook.
This chart reflects technical analysis aimed at identifying a short-selling opportunity, with a defined entry zone, stop-loss area, and target for taking profit.
XAUUSD:Breaking news, the rise will continue to 2927-2932In the afternoon of London, after notifying the lowest position to buy and make a big profit, gold rebounded to 2914 without more energy, causing the gold price to continue to rise. After reaching 2918, it quickly returned to the position near 2914 and continued to fluctuate. After the market closed, the market was ignited by big news again.
Latest news: The situation between Russia and Ukraine has been further affected by drone attacks.
This has led to the spread of risk aversion and panic in the market. This has led to a sharp increase in demand for XAUUSD.
At present, the price of gold still remains at 2916, and there has not been a significant increase, so it is still a reasonable buying position. The estimated space is about 10-15 points.
Buy at the current price of 2916, tp2927-2932.sl2905
Remember to control trading risks when operating,
XAU/USD "The Gold vs U.S Dollar" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Thieves, 🤑 💰🐱👤🐱🏍
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold vs U.S Dollar" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (2890) then make your move - Bearish profits await!"
however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. I Highly recommended you to put alert in your chart.
Stop Loss 🛑: Thief SL placed at 2930 (swing Trade Basis) Using the 1H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 2830 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental, Positioning, Overall Outlook:
╰┈➤XAU/USD "The Gold vs U.S Dollar" Metal Market is currently experiencing a bearish trend,., driven by several key factors.
╰┈➤Fundamental Analysis
Rates: Fed at 3-3.5%, ECB/BoJ lower—neutral to bearish.
Inflation: U.S. PCE 2.6%, global 2.5-3%—bullish.
Demand: Central banks, ETFs strong—bullish.
Geopolitics: Tariffs, Russia-Ukraine—bullish.
USD: DXY 106.00, slight softness—mildly bullish.
╰┈➤Macroeconomic Factors
U.S.: Weak PMI (50.4), jobless claims up—bullish.
Global: China 4.5%, Eurozone 1.2%—safe-haven lift.
Commodities: Oil $70.44—supports gold premium.
Trump: Tariffs inflate costs—bullish.
╰┈➤COT Data
Speculators: Net long 55,000—cooling but bullish.
Hedgers: Net short 65,000—stable.
Open Interest: 125,000—sustained interest.
Market Sentiment Analysis
Retail: 59% short—contrarian upside risk.
Institutional: Bullish to $3000, short-term caution.
Corporate: Miners hedge 2920-2940—neutral.
Social Media : Mixed, bearish near-term (2880-2906).
Broker: 60% long—crowded.
╰┈➤Positioning Analysis
Speculative: Longs to 2949, shorts to 2880.
Retail: Shorts at 2918-2924—squeeze risk.
Institutional: Balanced, inflation bets.
Corporate: Hedging stabilizes.
╰┈➤Quantitative Analysis
SMAs: 50-day 2850, 200-day 2650—bullish.
RSI: 48—neutral.
Bollinger: 2890-2930—consolidation.
Fibonacci: 50% at 2909.47—pivot.
Volatility: 12%, ±35 points daily.
╰┈➤Intermarket Analysis
DXY: 106.00, soft—bullish.
EUR/USD: <1.0500—caps gains.
Gold: Aligns with CHF/JPY—safe-haven.
Equities: S&P 5960-6120—neutral.
Bonds: U.S. 3.8% yield—pressures gold.
╰┈➤News and Events Analysis
Recent: Tariffs, weak U.S. data—bullish.
Upcoming: PCE (Feb 28)—key USD driver.
Impact: Bullish short-term, bearish risk if PCE hot.
╰┈➤Next Trend Move
Technical: Support 2906-2891, resistance 2949-2955.
Short-Term: Dip to 2906-2880, rebound to 2949.
Medium-Term: Range 2850-3000.
Triggers: Bullish—soft PCE; Bearish—hot PCE.
╰┈➤Overall Summary Outlook
XAU/USD at 2910.00: Bullish fundamentals (inflation, tariffs) vs. bearish USD strength. Short-term dip to 2880, medium-term to 3000 if catalysts hit.
╰┈➤Future Prediction
Bullish: 2980-3000 by Q2 2025 (soft USD, tariffs).
Bearish: 2850-2864 (hot PCE, Fed hawkish).
Prediction: Bearish to 2880 short-term, bullish to 2980 mid-2025.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩