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Gold Analysis – New Leg of Correction Incoming?It’s been a “special” week for Gold, with wild swings that kept me mostly on the sidelines – except for Monday’s take profit. Now, however, the market is starting to show more clarity. ❓ Has the Market Topped Out? After a dip to 3260, the price reversed sharply, gaining over 1,000 pips to reach 3367. Yet, both recent attempts to push higher were rejected. Now, with the spike from 3360 to 3500 looking like a blow-off top, the stage seems set for a new leg of correction. 🔍 Key Technical Signs: • Heavy selling pressure near recent highs. • Price action suggests buyers are exhausted. • 3370 becomes a key resistance – as long as it holds, bearish setups are favored. 📉 Trading Plan: My approach is simple: 👉 Sell rallies 🎯 Target: a 1,000+ pip drop if 3370 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.
TRADENATION:XAUUSDShort
by Mihai_Iacob
5
4/24 Gold Trading StrategyYesterday's intraday recommendation to buy near 3260 has paid off, with gold trending upward after the market opened today and generating solid profits. The current pullback appears to be a healthy support retest. However, caution is needed—if the price breaks below 3306, momentum could drag it under 3300 again. Should that happen, a renewed long position at lower levels is still worth considering. The rebound so far lacks both strength and duration, suggesting a potential shakeout. While it could also be a bull trap, entering at lower levels limits downside risk—with the worst case being reduced profits, not significant losses. Today's Trading Strategy: Sell Zone: 3410–3440 Buy Zone: 3267–3230 Flexible Trading Zones: 3383–3340 / 3288–3336
FOREXCOM:XAUUSDLong
by China_MsWang
XAUUSD Price Compression: Ready to Roar or Retreat?The 15-Min chart of XAUUSD is showcasing a classic symmetrical triangle pattern, characterized by converging trendlines—a series of lower highs forming the descending resistance (red zone) and higher lows creating the ascending support (green zone). This price compression is typically seen before a major breakout, as the market consolidates and traders await a decisive move Key Highlights: 🔻 Resistance Zone (Red): Price repeatedly rejects the downward-sloping resistance line. Each lower high is marked with red arrows, confirming seller dominance at those levels. Also aligned near the 200 EMA (red line), which adds dynamic resistance. 🟢 Support Zone (Green): Buyers have consistently stepped in at rising lows, forming a steady uptrend base. This support is acting as a launchpad, compressing the price within the triangle. Positioned near the 50 EMA (blue line), reinforcing this support region. 📈 EMAs (Trend Context): 50 EMA below 200 EMA indicates the broader trend remains bearish. However, price consolidating near both EMAs suggests a potential trend shift if resistance breaks. Breakout Scenarios to Watch: ✅ Bullish Breakout Potential: A confirmed candle close above the resistance zone with volume may ignite a rally. Immediate upside target levels: $3,360, $3,390, and potentially $3,420+. Would indicate short-term trend reversal and fresh bullish momentum. ❌ Bearish Breakdown Risk: A break below the ascending support line could trigger aggressive sell-offs. Downside target levels: $3,290, $3,260, and deeper toward $3,210. Would validate continuation of the prior downtrend. 📊 Trading Strategy Suggestions: Breakout traders may wait for a confirmed candle close outside the triangle (with volume). Range traders can look for bounce trades near support and rejections at resistance until breakout occurs. Use tight stop-losses due to narrowing range and likely sharp post-breakout volatility. Consider risk-reward ratio minimum 1:2 when targeting breakouts. ------------------------------------------------------------------------------------------ Disclosure: I am a participant in TradeNation's Influencer Program and receive a monthly compensation for utilising their TradingView charts in my market analysis. ------------------------------------------------------------------------------------------
TRADENATION:XAUUSD
by TradZoo
It is only a matter of time before the price breaks below $3,300From a daily chart analysis, gold showed a strong upward momentum during Tuesday's session, once hitting the key level of $3,500, before quickly retreating under overhead pressure and eventually closing with a bearish candle. This pullback after a sharp rally highlights significant selling pressure near the $3,500 level, where bullish momentum was fiercely resisted by bears at high prices. The bearish trend continued on Wednesday, with gold closing lower again to form a two-consecutive-day bearish candlestick pattern. This consecutive decline further confirms that bears have taken short-term dominance, with bearish forces gradually gaining the upper hand. Notably, the price action has a clear dividing line: the $3,317 level serves as the bull-bear watershed. A valid break below this level is likely to sustain the downward trend. Based on the current momentum, a decline below $3,300 appears only a matter of time, further reinforcing the short-term bearish sentiment. XAUUSD sell@3325-3335 tp:3300-3280 I hope this strategy will be helpful to you. When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
OANDA:XAUUSD
by H_C_12
Gold Potential Ideas - April 23, ahead of Unemployment Claims📉 Macro Snapshot – April 24, 2025 Gold is currently trading at 3337, stuck in mid-structure between supply at 3384–3414 and demand stacked between 3255–3260 and 3224–3233. 🕒 Key time today: Unemployment Claims and Durable Goods Orders hit. High-impact potential. Expectations: 🔺 Strong data → possible spike down into buy zones 🔻 Weak data → potential liquidity grab into sell zones first No confirmed shift unless 3344 is broken or 3220 is reclaimed. This is a reaction day, not a breakout day. Let price come to levels — and strike with confirmation. 🔴 SELL ZONES 🔴 Sell Zone 1: 3384 – 3393 🧱 Confluences: HTF imbalance + OB + structural trap zone 🛡 SL: 3398 🎯 TP1: 3365 🎯 TP2: 3341 🎯 TP3: 3310 🔴 Sell Zone 2: 3410 – 3415 🧱 Confluences: Premium OB + liquidity grab zone 🛡 SL: 3421 🎯 TP1: 3384 🎯 TP2: 3362 🎯 TP3: 3330 🔴 Sell Zone 3: 3450 – 3457 🧱 Confluences: Untouched HTF OB + psychological stop hunt 🛡 SL: 3465 🎯 TP1: 3410 🎯 TP2: 3380 🎯 TP3: 3341 🟢 BUY ZONES 🟢 Buy Zone 1: 3274 – 3282 📍 Strong support pocket — demand + Asia low 🛡 SL: 3264 🎯 TP1: 3300 🎯 TP2: 3330 🎯 TP3: 3350 🟢 Buy Zone 2: 3250– 3260 🧠 Confluences: Deep OB + liquidity grab + structural base 🛡 SL: 3245 🎯 TP1: 3272 🎯 TP2: 3300 🎯 TP3: 3313 🟢 Buy Zone 3: 3224 – 3233 📍 HTF EQ + reactive demand 🛡 SL: 3218 🎯 TP1: 3255 🎯 TP2: 3280 🎯 TP3: 3303 📌 Important Notice!!! The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action. 📣 If this strategy sparked clarity, hit that like button and follow. 💛
FOREXCOM:XAUUSD
by GoldMindsFX
Gold still has the risk of adjustment in the short termAnalysis of gold market trend: From the daily level, gold rose strongly during the trading session on Tuesday, touched the key price of 3500, then fell under pressure and finally closed with a negative line. This trend of rising and falling shows that the selling pressure from above is heavy, and the bulls are strongly blocked by the bears at high levels. Then, gold continued to fall on Wednesday and closed with a negative line again, forming a technical pattern of two consecutive negative lines. This continuous decline further confirms that the short-term bears are dominant. From the 4-hour gold chart, the gold price has maintained a fluctuating decline since it was under pressure at the 3500 line. The current price has fallen back to the 3260 line at its lowest, and the short-term decline has reached 240 US dollars. Although there has been a rebound during the day, the upward trend has been destroyed. The MACD indicator double line has issued a dead cross change signal, suggesting that the callback trend may have started. Pay attention to the pressure effect of the 3368 line during the day. For the current market, the rebound is just a flash in the pan, and it rebounded sharply again, reaching the highest point near 3367 and then retreated. It is currently maintained near 3330. In fact, the market is actually at a loss for long and short positions, and is simply unable to withstand its huge shocks. For the Asian session's highs and falls, we support it according to the shock retracement. For example, if the European session rebounds again near 3358-60, we will continue to try to short, with the target at 3320-10, and a loss of 3370. The market amplitude is so drastic that I need to strictly implement good operating habits, try with a light position, strictly stop loss, and don't have a fluke mentality! On the whole, today's short-term operation strategy for gold is to rebound and short, supplemented by callbacks. The short-term focus on the upper side is 3368-3370, and the short-term focus on the lower side is 3260-3285. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by TP_Daniel1
US policy news triggers huge shock in gold Analytical StrategyThe short-term 4-hour middle track 3380 line has been lost, becoming a key counter-pressure point. As long as the price cannot stand on this position again, it will maintain a downward correction trend. If it falls below 3292, the gains and losses of the 66-day moving average 3260 will be concerned. The 1-hour level K line is under pressure from ma10 and ma5 and continues to fall. After last night's consolidation and pull-up, the current K line has re-run above ma10, and at the same time, macd forms a golden cross below the zero axis. This wave of 200 US dollars of rapid exploration has almost corrected most of the overbought situation. If the price continues to fall, or with the help of bottom divergence, it will slowly brew a short-term bottom. Today's gold rebound reminds that attention should be paid to the resistance below 3340, and the limit is below 3356. If it is not under pressure, it will still be bearish adjustment. Strong support is at 3260 or 3245. After the position stabilizes, it will begin to consider bottom-fishing. For today's short-term operation of gold, it is recommended to focus on rebound shorting and supplemented by callback longing. The short-term focus on the upper side is 3350-3370 first-line resistance, and the short-term focus on the lower side is 3300-3280 first-line support.
OANDA:XAUUSDShort
by TP_Daniel5
#XAUUSD :Is it a Correction Or a start of Major Bearish Trend? Gold has plummeted from 3550 to 3270, and it’s been falling steadily. We firmly believe that the price could reverse from either of our entry points, but given its significant drop, it raises concerns among traders. If the trend has shifted to bearish, it will likely continue to target buyers’ stop losses. In these market conditions, we strongly advise trading with utmost caution and prioritising risk management. Good luck and trade safely. Thanks for your support! 😊 If you want to help us out, here are a few things you can do: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️
OANDA:XAUUSDLong
by Setupsfx_
15
XAU/USD Gold Trade Plan 24/4/2025XAUUSD (Gold) Trading Outlook: Buy Entry: $3,325 Key Support Zones: $3,260 and $3,200 Market Scenarios: Bullish Scenario: If XAUUSD sustains above the $3,260–$3,200 support zone, the bullish structure remains intact. A rebound from this zone may offer a buying opportunity with an upside target of $3,500. Bearish Scenario: If the price breaks below the $3,200 support level and falls through the channel, it may signal a bearish trend continuation, suggesting potential downside movement.
OANDA:XAUUSDLong
by XAUUSD-Trade-ideas
5
Is gold about to peak? Is the bull market still there?In fact, it is normal for a strong bull market to have a rapid washout. The logic of the bull market is not Trump's call to Powell. Trump's tricky operation is only a plus for the rise of gold, not a must. The logic of the rise of gold is that the repayment ability of US debt is questioned and the hegemony of the US dollar is challenged. The fact of the long-term fiscal deficit of the United States and the visible growth of US debt are the real driving forces. As the International Labor Day is approaching, the bulls in the Asian market often choose to leave or reduce their positions in order to reduce warehouse interest and realize profits, which will cause a phased downward adjustment. In other words, from the perspective of the future, the underlying logic of the bull market has not changed. Holders of physical gold do not need to worry too much. They are optimistic about the strong bull market of gold in the future. The decline is often an opportunity to get on the train again. In the past, they waited for adjustments, and after adjustments, they were afraid that the bull would be gone, which made them worried about gains and losses. Technical analysis: The current gold price is in a stalemate stage of long-short game. On the one hand, the path of the Fed's easing policy has been basically clear, and the US dollar is facing correction pressure; on the other hand, the stable global risk sentiment and the strong performance of the stock market have weakened the attractiveness of gold as a safe-haven tool. The repeated signals of global trade negotiations have also made the market direction unclear. From a technical point of view, gold has received support after the correction to the 26.3% Fibonacci retracement level near 3317 this week, and has returned to above $3,300 in the short term. The upper resistance focuses on the position of 3360. Once it breaks through, it will open up the space leading to the 3400 mark. Quide Strategy Analysis: After the early Asian market rose, it fell back and fell below the support levels of 3351 and 3330 analysis. Now the market rebounded near 3325, which is also in line with the trend of pulling back and forth. In the big trend, the gold rally did not exceed 3380, so there is still downward demand, that is to say, it can only be regarded as a rebound on the way down. In the short term, this wave of gains stopped at 3367. Now it broke through 3351 and pierced 3316 to rebound. The main focus on the upper side is the support-to-resistance level of 3350. With 3350 as the protection, go short to see the gold price break through 3314. If it breaks down effectively, it can move down to see the turning point of the rebound between 3283 and 3260. On the whole, in terms of the short-term operation strategy of gold, Quide recommends rebound shorting as the main strategy and callback longing as the auxiliary strategy. The upper short-term focus is on the 3360-3370 line of resistance, and the lower short-term focus is on the 3310-3300 line of support. Market trading signals are fleeting. Market trading signals are fleeting, and Quaid hopes that traders will seize every trading opportunity and become ace traders in the gold market.
OANDA:XAUUSD
by Quaid-1
Gold short-term adjustment riskTechnical analysis of gold: The strong rise of gold in the early trading session is indeed a bit surprising. We have to think about whether gold has reversed? Or is it just a rebound? However, gold is under pressure from the moving average resistance, and the sharp rise in the early trading session is often easy to rush high and fall back. Gold 3365 continues to be short, and it falls and harvests as expected. Now it seems to be just a rebound, but the rebound is a little larger. From the daily level, gold rose strongly during Tuesday's trading, touched the key price of 3500, then fell under pressure and finally closed with a negative line. This trend of rushing up and falling back shows that the upper selling pressure is heavy, and the bulls are strongly blocked by the bears at high levels. Immediately afterwards, gold continued to fall on Wednesday and closed with a negative line again, forming a technical pattern of two consecutive negative lines. This continuous decline further confirms that the short-term bears dominate. From the 4-hour gold chart, the price of gold has been fluctuating and falling since it was under pressure at the 3500 level. The current price has fallen back to the 3260 level, with a short-term decline of 240 US dollars. Although there is a rebound during the day, the upward trend is currently destroyed. The MACD indicator has issued a death cross change signal, suggesting that the correction trend may have started. Pay attention to the pressure effect of the 3368 level during the day. For the current market, the rebound is just a flash in the pan, and gold has rebounded again, reaching a maximum of 3367 before retreating. It is currently maintained at around 3330. In fact, the market is currently at a loss for long and short positions, and is unable to withstand its huge fluctuations. For the morning's high and fall, we support it according to the shock retracement. If the European session rebounds again near 3358-60, continue to try to short, the target is around 3320-10, and the loss is 3370. The market amplitude is so drastic that I need to strictly implement good operating habits, try with a light position, strictly stop loss, and don't have a fluke mentality! On the whole, today's short-term operation strategy for gold is to short on rebounds and to buy on pullbacks. The short-term focus on the upper side is the 3368-3370 line of resistance, and the short-term focus on the lower side is the 3260-3285 line of support. Short order strategy: Strategy 1: When gold rebounds around 3358-3360, short sell (buy short) in batches, 20% of the position, stop loss 6 points, target around 3320-3300, break the position and look at 3260 Long order strategy: Strategy 2: When gold falls back to around 3260-3265, buy long positions in batches (buy up) of 20% of the position, stop loss 6 points, target around 3300-3330, break the position and look at 3350
OANDA:XAUUSD
by GillChristy
XAU/USD 24 April 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remains the same as yesterday's analysis dated 23 April 2025 Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Price printed as per my note yesterday whereby I mentioned that we should be surprised if price printed a bearish iBOS as all HTF's require a pullback. Price subsequently printed a bearish iBOS which confirms internal structure. Intraday Expectation: Price has traded up to just short of premium of internal 50% EQ where we are seeing a reaction. Price could potentially trade further into premium of 50%, or H4/M15 nested supply zone before targeting weak internal low priced at 3,260.190. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. Trump's tariff announcement will most likely cause considerably increased volatility and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
GOLD – Will the Correction Continue or Is It Over?📉 What happened yesterday? Gold extended its drop and touched a low around 3260. A recovery of around 1000 pips followed — a typical day for Gold lately, just daily noise... However, during the Asian Session, selling pressure kicked in again and we’re now seeing fresh weakness. ❓ Has Gold finished correcting or is there more to come? That's the big question. And the answer might lie in the 3300 zone — specifically the 3285–3300 range. Why? Because this is where the last powerful bullish impulse started, the one that took Gold to kiss the 3500 level. 🔍 Why continuation of the correction is still possible: - We’re seeing a retest of support, not a new higher low – this weakens the bullish case. - The Asian Session high lines up with the old ATH, potentially forming a Head and Shoulders pattern – not confirmed, but worth watching. At least the market madness of the past days has now given us clearer levels to work with: → Below 3280 = further downside possible, with 2k pips target if H&S confirms → Above 3350 = likely trend resumption, aiming again for 3500 📌 My trading plan: Even though I always work with 2 scenarios, I usually have a preferred one. It's not the case at this moment, so I'm still out. - If I see momentum above 3350, I’ll look to buy. - If I see a break under 3300 with confirmation, I’ll look to sell continuation. 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.
TRADENATION:XAUUSD
by Mihai_Iacob
7
Early Asian session. Latest market analysisIn early Asian session, spot gold rebounded slightly and is currently trading around $3,345/oz, supported by bargain hunting. The U.S. session continued its trend of retreating from record highs, falling nearly 3%, hitting a low of $3,260.08/oz and closing at $3,288.18/oz. People familiar with the matter revealed that the Trump administration is considering reducing tariffs on imports from Asian powers, adding that any action would not be unilateral. Quaid Analysis: People are very relieved about the possibility of negotiations between major powers, and we are seeing this trend have a significant impact on the market. Driven by central bank buying, tariff war concerns and strong investment demand, gold prices have risen by more than 26% since the beginning of 2025. A large number of long orders are facing profit-taking needs, and investors need to beware of the risk of further correction in gold prices. From a technical perspective, gold prices hit $3,500, soared before this level, and then reversed sharply, which increases the risk of further correction in the short term. The preliminary monthly rate of durable goods orders in the United States in March and the number of initial jobless claims in the United States for the week ending April 19 will be released on the Asian trading day. Investors need to pay attention to them. In addition, they need to continue to pay attention to the relevant news on the international trade situation and the geopolitical situation. Action suggestions: Go long at 3345, stop loss at 3340, watch 33380 If Quaid's analysis can help traders, then Quaid will be very happy.
OANDA:XAUUSD
by Quaid-1
Gold price has stopped falling, can we buy higher?The short-term 4-hour middle track 3380 has been lost and has become a key counter-pressure point. As long as it does not stand above it again, it will maintain a downward correction. After breaking 3292 below, it will be the 66-day moving average of 3260. The 1-hour K-line is under pressure, After last night's consolidation and pull-up,plus MACD has a golden cross below the zero axis. This wave of $200 rapid decline has almost corrected most of it. If it continues downward for another wave, or with the help of bottom divergence, it will slowly brew a short-term bottom; today's gold rebound focuses on the resistance below 3340, below the extreme middle track 3356, it is still bearish if it cannot withstand the pressure, and it will start to consider bottom-fishing if the strong support 3260 or 3245 is stable;
OANDA:XAUUSDShort
by RuthMansfield
1
"The tariff war" continues to manipulate the market.As evident from the chart, the drastic ups and downs triggered by tariffs this month have persisted, with the number of days seeing gold fluctuate by over $100 surpassing the historical total. Any speech, statement, or even minor move by Trump can sway market direction. We believe this essentially constitutes market manipulation, even transforming the market into a "battlefield" for the U.S. government to siphon off capital. However, since we cannot alter the status quo, we can only choose to accept it. Currently, gold has entered an adjustment phase, and market trends could reverse at any moment due to a single news event. During this period, we need to stay calm, observe more, think critically, and carefully assess market dynamics.
OANDA:XAUUSD
by H_C_12
1
Gold peaked and plummeted, entering a correction mode!Analysis of gold market trend: Technical analysis of gold: Today, the highest price of gold is 3386, and the lowest price of US market is 3260, which is also a drop of 126 points. Although gold has continued its decline, it is not like yesterday. The decline is accompanied by a rebound. The trend of Asian market is a back and forth, and the trend of European market is also a back and forth. Needless to say, the US market fell after the opening and the current rebound, the overall rhythm is bearish, but it is not as clean as Tuesday. This trend reflects the opposition of market sentiment. After the risk aversion subsided, the gold price fell from the high of 3500, but after the long position was sold at a high level, some people still took over at a low level, so it led to a rebound trend after the decline. Now from the daily chart, the daily K is likely to close with an upper shadow line as on Tuesday. Now the upper shadow line has been formed, so the closing price should be below the opening price of 3320. Now we need to pay attention to whether the lower shadow line can continue to spread downward. In other words, after this wave of rebound in the US market, there will be another wave of decline, and there will be a small rebound; returning to the short-term trend, in 1 hour, after the gold price fell below the two key positions of 3356 and 3285 today, the support moved down to around 3245. Although there was a rebound in the US market, it is likely to go to the range of 3228 to 3245 before rebounding, so the support references are 3260 and 3245; on the other hand, the resistance level, now the gold price pierces 3285 and then rebounds, and is now trading near this. The only reference is 3315 in the Asian session, and then up is the European session rebound high of 3340. If it is effectively crossed here, the bearish outlook will be suspended. ​The direction of the end of the session is bearish. The steady operation is to intervene in short orders near 3320 to protect the area near 3330. Of course, you can intervene in short orders near 3310 to see if it can reach the range of 3260 to 3245. This is up to you. Even if it touches this range and rebounds later, I do not recommend participating in long orders. Overall, today's short-term operation strategy for gold is to focus on rebound shorting. The short-term focus on the upper side is 3315-3320 line resistance, and the short-term focus on the lower side is 3260-3245 line support. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by TP_Daniel1
The rise of the US dollar index suppressed gold.From the perspective of technical analysis, the gold daily chart shows a large negative line pattern and then forms an inverted hammer reversal prototype structure. Today, the key support level below has moved down to the 3300 integer mark area. In the US hourly chart cycle, after the gold price short-term touched the price of 3290 US dollars/ounce, the technical indicators showed oversold repair characteristics, suggesting the existence of technical rebound momentum. The upper resistance level of the current price range is locked in the 3350-3360 US dollars/ounce area, and the core defense level below is still 3300 US dollars/ounce. I think if this support level is effectively broken, it may trigger a technical bottoming out of the price in the 3250 US dollars/ounce area. It is worth noting that the US dollar index has a short-term technical retracement. This kind of currency market fluctuation may provide a phased rebound support for the gold price through the exchange rate transmission mechanism. However, we need to be alert that the gold price has fallen below the 23.6% Fibonacci retracement level of the upward trend started from $2,900/ounce. If the 38.2% retracement level of $3,289/ounce is confirmed to be lost, it may trigger the resonance of technical stop loss orders and programmatic trading systems, forming further selling pressure. The current market structure shows typical characteristics of long-short game. It is recommended to pay close attention to the significance of gains and losses of $3,300/ounce for trend judgment. Operation strategy: 1. It is recommended to short gold when it rebounds around 3,310, with the target at 3,290.3250
OANDA:XAUUSDShort
by TP_Daniel5
How is gold going? What to do now?After reaching the psychological high of $3500, it entered a correction phase, which was also affected by the slight easing of the US-China tariff conflict... After failing to hit the 3250 area of ​​concern, gold prices will be slightly stronger. Meanwhile, the market is looking forward to the US PMI data. Earlier, gold prices hit an all-time high of $3500, but fell back on hopes of a easing of the US-China trade war and the US Treasury Secretary's remarks about a possible "detente". The dollar recovered in the correction, but investors doubted Trump's predictability and gold prices began to pull back at this time. The focus is on the S&P Global PMI index: the results of this index may affect expectations for the federal funds rate and bring a new direction to the market. From a technical point of view, gold prices are in a correction and confirm the bearish structure. But any unexpected remarks from Trump may attract a lot of buying. Quaid data analysis: Upward resistance: 3340, 3360 Downward support: 3280, 3250 Quid believes that buying can be considered when retesting the support level or closing above 3370. Traders, do you agree with Quaid's idea? Please leave your thoughts. I'll be happy that way.
OANDA:XAUUSD
by Quaid-1
Gold "skydived" from $3,500, where will the landing price be?Fundamental analysis: the game between policy signals and safe-haven demand From a fundamental perspective, Trump's moderate statement is the core driving factor of this round of gold correction. However, as tariff expectations cool, investors are beginning to reassess the attractiveness of risky assets. The three major U.S. stock indexes closed higher on Tuesday, and the 10-year U.S. Treasury yield fell slightly, indicating that the market's confidence in the economic outlook has recovered. Against this background, the safe-haven premium of gold has been weakened, and profit-taking has accelerated. In addition, the Fed's policy expectations are still an important variable affecting gold. At present, the market generally expects the Fed to continue to cut interest rates in 2025, but the pace and magnitude depend on inflation data and economic performance. If the expectation of interest rate cuts further heats up, the US dollar index may be under pressure, thereby providing some support for gold. Technical analysis: pullback pressure and key support The gold price fell below the support of $3,300, and the next key level points to $3,282, which coincides with the low point on April 17. If the decline continues, $3,150, as the pivot point in early April, will become an important defensive line for bulls. On the contrary, if the price stabilizes and rebounds, the pivot point of $3,415 will be the first resistance level, and further upward movement needs to pay attention to the higher resistance of $3,464. It is worth noting that the current price is far away from the resistance level of $3,415, and the rebound momentum may be limited in the short term, unless new fundamental catalysts appear to push the RSI back to the overbought area. Quaid's comprehensive analysis: The gold market has entered a consolidation phase after a rapid rise, and short-term correction pressure still exists, but in the long run, safe-haven demand and fundamental support remain solid. Quaid recommends that traders pay close attention to US policy trends, the trend of the US dollar, and the performance of key technical levels to grasp the market rhythm. At the same time, Quaid will always pay attention to international news so as to make timely analysis and suggestions for traders; to help traders get out of the current predicament.
OANDA:XAUUSD
by Quaid-1
4/23 Gold Trading StrategyGold saw a sharp decline from 3500 to around 3360 yesterday, and our selling strategy delivered significant returns. Over the weekend, Trump stated he has no intention to fire Powell and hinted at easing trade tensions. This quickly dampened market risk aversion, causing gold to plunge at the open today to near 3320. The downward momentum remains strong. In this kind of market, flexibility is key. A sharp drop is usually followed by a rebound, but the strength of that rebound is what matters. Technically, the potential bounce is estimated at around $50, but whether the price continues to rise or resumes its decline will depend on how the market digests the news. Technical levels (excluding news impact): Key resistance: 3410–3440 Key support: 3328–3303 Considering the news: Key resistance: 3346-3372 Key support: 3298–3268 Trading Strategy for Today: Sell between 3410–3440 Buy between 3297–3267 Trade flexibly within 3386–3332 / 3296–3328
FOREXCOM:XAUUSDLong
by China_MsWang
2
XAU/USD - H1 Time Frame Trade Plan 23-04-2024⚙️ Gold (XAU/USD) – H1 Time Frame Trade Plan 🧭 Current Market Bias (H1) Check if price is above or below 50 EMA and 200 EMA Above both = bullish bias Below both = bearish bias Between = range / indecision ✅ Bullish Trade Setup (Buy the Dip) Entry Zone: $2,340 – $2,350 (recent demand zone) Entry Signal: Bullish engulfing / hammer / RSI bounce from 40 Stop Loss: $2,325 (below recent swing low) Take Profit 1: $2,370 Take Profit 2: $2,390 Risk:Reward: At least 1:2 ❌ Bearish Trade Setup (Sell the Rally) Entry Zone: $2,390 – $2,400 (strong resistance) Entry Signal: Bearish engulfing / shooting star / RSI rejection from 70 Stop Loss: $2,415 (above previous swing high) Take Profit 1: $2,360 Take Profit 2: $2,340 📌 Extra Tips Use MACD crossovers or RSI divergence for confirmation. Avoid entering during high-impact news (e.g., FOMC, CPI, NFP). Consider partial closes and trailing stops if price action moves in your favor.
OANDA:XAUUSDLong
by Forexcryptowithjohn