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Gold (XAU/USD) – Rising Wedge Breakdown & Bearish SetupOverview Gold (XAU/USD) has been in a strong uptrend, making consistent higher highs and higher lows. However, the price action has formed a Rising Wedge Pattern, which is typically a bearish reversal formation. This pattern suggests that the bullish momentum is weakening, and a potential sell-off could follow. The recent breakdown of the wedge structure confirms the bearish bias, and sellers are now in control. Based on price action analysis, we can anticipate further downside movement toward key support levels. 📊 Technical Analysis – Rising Wedge Breakdown 1️⃣ Understanding the Rising Wedge Pattern The Rising Wedge is a bearish pattern that occurs when the price consolidates within an upward-sloping channel but shows signs of exhaustion. Here’s how it developed: Higher Highs & Higher Lows: The price consistently formed higher peaks and troughs, indicating an uptrend. Declining Bullish Momentum: As the wedge progressed, price action became increasingly squeezed, showing reduced bullish strength. Breakout Confirmation: Once the lower trendline of the wedge was breached, it confirmed that buyers were losing control and that sellers had stepped in. 2️⃣ Key Levels & Market Structure 🔵 Resistance Level: The upper boundary of the wedge around $3,150 - $3,163 acted as a supply zone, where sellers pushed prices lower. 🟠 Support Level: The lower boundary of the wedge, around $3,100 - $3,120, initially provided demand but eventually failed to hold. 🔻 Breakdown Confirmation: The price broke below the wedge, which is a strong bearish signal. 🎯 Trade Setup & Strategy 3️⃣ Bearish Trading Plan Given the breakdown of the wedge pattern, the setup favors a short (sell) trade. Here’s how to approach it: 📉 Sell Entry: The ideal short position is initiated after a confirmed break of the wedge’s support level. 📍 Stop Loss (SL): A tight stop-loss is placed above the previous resistance at $3,163.67, ensuring risk is controlled if the trade goes against the bias. 🎯 Take Profit (TP) Targets: TP 1: $3,080.66 – First major support level, where buyers might step in temporarily. TP 2: $3,057.33 – Extended downside target, offering a greater risk-to-reward ratio. 4️⃣ Additional Price Expectations Retest of the Wedge Breakdown: The price may pull back to the broken wedge support before continuing downward. Stronger Bearish Momentum: If selling pressure remains strong, price could fall even lower, breaking TP 2. Invalidation Level: If price climbs above $3,163, the wedge breakdown would be invalidated, signaling that bulls have regained control. 📌 Conclusion & Market Sentiment 🔹 Rising Wedge Breakdown Signals Further Downside – The market structure suggests that sellers are gaining control. 🔹 Sell Setup with Risk-Managed Approach – With a defined stop-loss and two profit targets, this trade offers a favorable risk-to-reward setup. 🔹 Gold’s Short-Term Bearish Outlook – The chart confirms a potential correction, and price may drop towards $3,080 and $3,057 if the bearish momentum continues. 📊 Final Thought: This is a high-probability short trade based on classic technical analysis. Traders should monitor for confirmation retests and manage risk accordingly. ✅ Would you like any refinements or additional insights? 🚀
OANDA:XAUUSDShort
by GoldMasterTrades
GOLD 4HR CHART Monday Open has taken off continuation close of Friday NZ time We are looking at another ATH with 3.111 33 at the time of writing this currently still a good trade position will close out once T/P is hit. there maybe a small correction. 3,157,65 is my target goal once my T/P is hit. Observation: News out the USA around Trumps Tariffs have now taken effect on todays open however this just the beginning. Disclaimer: this not financial advice never risk more than your prepared to loose S/L and T/P must be in place at all times. update : T/P hit target small correction maybe 3088?
FXOPEN:XAUUSD
by jt453
Gold (XAU/USD) Price Action Update📊 Gold (XAU/USD) Price Action Update 🎯 🔹 Current Price: 3,130.15 🔹 Timeframe: 1H 📌 Key Support Levels (Demand Zones): 🟢 3100-3107 – First Support (Waiting for Confirmation) 🟢 3066-3073 – Second Support 🟢 3048-3050 – Third Support 📈 Bullish Scenario: If price holds above 3100, we might see a push towards 3150+ and beyond. A breakout above 3155 could confirm a strong bullish continuation. 📉 Bearish Scenario: If price breaks below 3100, the next support zones at 3066-3073 will be key reaction areas. A break below 3066 could signal a deeper retracement towards 3048-3050. ⚡ Trading Tip: ✅ Look for confirmations before entering buy/sell trades. ✅ Watch for bullish rejection at demand zones for long positions. ✅ Sell near resistance with bearish confirmation. #Gold #XAUUSD #ForexTrading #PriceAction #TechnicalAnalysis #SmartMoney #ForexSignals #GoldTrading #GoldBulls #GoldBears
OANDA:XAUUSDLong
by FXFOREVER_87
Chart Analysis: XAU/USD (Gold vs. USD)### **Gold (XAU/USD) Trade Setup – 45-Minute Chart (M45)** This chart presents a **bullish trade setup** for **Gold (XAU/USD)** based on price action and technical analysis. #### **Key Levels & Setup:** - **Support Zone:** Price has tested and respected the support area multiple times, indicating a strong foundation for potential upside. - **Entry Range:** **3,122 - 3,119** (Marked as a buy entry point). - **Stop Loss (SL):** **3,113** (Below the support level to limit downside risk). - **Target:** **3,178+**, aiming for a **new all-time high (ATH)**. #### **Technical Observations:** - **Triple Bottom Formation:** Price has rejected the same level multiple times (circled in orange), confirming strong support. - **Bullish Momentum:** After breaking above resistance, price shows a strong impulse move upwards. - **Risk-Reward Ratio:** Favorable, with a relatively tight stop-loss and a high potential upside. #### **Trading Plan:** - **Long/Bullish Entry:** Around **3,122 - 3,119** - **Stop Loss:** Below **3,113** to protect against breakdowns. - **Take Profit:** **3,178+** for an expected breakout rally. This setup suggests a potential continuation of the **uptrend**, with **buy opportunities** as long as price holds above the support zone.
OANDA:XAUUSDLong
by Michael-trades-
Gold prices will continue to fluctuate in a flag patternGold prices will continue to fluctuate in a flag pattern As shown in the figure: Four-hour cycle Today's gold price rose sharply, approaching 3170, breaking through the original (ABC) flag space and forming a new ABD structure flag structure. A channel oscillation was formed between the two. This performance is completely within the expectations of the rise Then the support near 3105 will be very obviously regarded as a watershed support. In other words, it is very likely to determine the future direction of gold prices. Above 3100-3105 can be identified as a strong bullish cumulative oscillation, a continuation of the bullish trend. What we need to study is the cost-effectiveness of the transaction. The focus of today's trading is to test whether the support near the 3130 area is effective. (3100+3170)/2=3135 Focus on testing the following support in the falling range 3125 3115 3105 Above 3105 points, there is only one strategy, that is, long Stop loss 3105-3100 Try to make good use of this 25-point space to layout, this is the safest, most effective and most profitable strategy Trading is that simple
OANDA:XAUUSD
by Williams212
GOLD - Day Trading with RSI 04/03/2025FX:XAUUSD Daily Timeframe (D1): Still in a strong uptrend, with RSI and both moving averages are pointing upwards. The WMA45 is above 60. 4-Hour Timeframe (H4): RSI is positioned between the resistance created by WMA45 (current price around 3152) and the RSI 60 support level (current price around 3121). 1-Hour Timeframe (H1): The WMA45 is trending upward, supporting the bullish trend. Trading Plan: BUY Entry Zone: When the RSI on the M15 timeframe is supported at the 50 or 60 levels. Entry Confirmation: When M5 completes a wave, or a divergence appears. Or even when M1 shows divergence. Stop Loss: 20–30 pips below the M5 low. Take Profit: 100 pips or R:R ≥ 1:1. Or when M5 completes its own uptrend. But be careful when RSI on H4 reaches its own WMA45. You can check out the indicators I use here: tradingview.com/u/dangtunglam14/
FX:XAUUSDLong
by dangtunglam14
XAUUSD AnalysisCurrent Price: $3,148.890 Support Zone: $3,145 - $3,148 (Price has respected this level multiple times.) Resistance Levels: First Target: $3,155 Second Target: $3,165 - $3,170 Demand Zone Holding: The purple zone represents a demand area where buyers are stepping in. Potential Breakout: If price holds above $3,145, it could continue its bullish trend. Sine Wave Indicator: Suggests that Gold is currently at a cyclical low, indicating a possible upward move. Volume Analysis: Increasing bullish volume supports the case for an upside move. ✅ Bullish Entry: $3,147 - $3,148 (Confirmation needed.) 🎯 Target: $3,155 - $3,170 🛑 Stop-Loss: Below $3,143 Bullish Bias Above $3,145 Potential Move Toward $3,165 - $3,170 Watch for a Breakout Confirmation
OANDA:XAUUSDLong
by xxChartWhizxx
The tariff hammer helps bulls rise stronglyTechnical analysis of gold: Affected by fundamentals, gold rose sharply again. The daily line finally closed in the positive zone and maintained a strong high at the opening. Pay attention to the upper and lower support of 3148 during the day. If it holds, it will have the momentum to continue to rise. The 4H cycle will strongly break through the upper Bollinger Band. , moving higher around the moving average support, there is no doubt that it is strongly bullish. At the same time, the middle rail has recovered, and the middle rail is still a key watershed. The lower support is around 3148 and 3138. We will go long according to the strength of the decline during the day, and then gradually look at 3170 and 3200! Operation suggestion: Gold is long near 3138-40, stop loss at 3130, and look at 3150 and 3170! Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions. Operate according to your own operation plan. Market information is complicated and blindly following the trend is easy to fall into the dilemma of chasing ups and downs. 2. The market is changing rapidly. There is no general who always wins in this market. Therefore, it is important for us to make corresponding adjustments according to market changes. We must do a good job of protection. There will always be some ups and downs in the market, but there will be a rainbow after the rain. We must not forget our original intention and forge ahead.
OANDA:XAUUSDLong
by TP_Daniel
Gold Spot Price Consolidation & Resistance ZoneThis 15-minute chart of Gold Spot / U.S. Dollar (XAU/USD) from FOREXCOM shows a period of price consolidation within a highlighted resistance zone. Key observations include: 1. Resistance & Support Levels: The price is moving within a range-bound zone between approximately $3,141.33 (support) and $3,166.24 (resistance). The red rectangle marks the consolidation zone, indicating price rejection at the upper boundary. 2. Price Action: A bullish trend preceded this consolidation, suggesting possible accumulation or distribution. Price briefly broke above the resistance but retraced, signaling potential weakness. 3. Possible Scenarios: A breakout above $3,166.24 with strong volume could lead to further upside momentum. A break below $3,141.33 may indicate bearish continuation towards lower support levels.
FOREXCOM:XAUUSD
by ChartingMarketInsights
Daily Trade Recap based on VX Algo System EOD accountability report: +$2,337.50 Sleep: 5 hour, Overall health: not gud ** Daily Trade Recap based on VX Algo System ** 9:36 AM VXAlgo NQ 48M Buy Signal, 9:44 AM Market Structure flipped bullish on VX Algo X3! 11:13 AM VXAlgo ES 10M Sell Signal (lost $525 on this play) 1:21 PM VXAlgo ES 10M Sell Signal 2:05 PM VXAlgo NQ 48M Sell Signal 2:40 PM VXAlgo ES 10M Buy signal (triple signal) Overall a pretty wild day, I'm extremely glad that we have a system that works and reads the MM very well. The only thing we need to do is be extremely disciplined and pull the trigger without hesitation.
CME_MINI:ES1!Short
by WallSt007
GOLD: 500 pips trading strategy !Fundamental Insight: Gold surged to a new all-time high above $3,070 during the Asian session on Friday, driven by escalating global trade tensions, uncertainty surrounding Trump-era tariffs, and a strong wave of risk-off sentiment fueling demand for safe-haven assets. Additionally, increasing bets that the Federal Reserve will soon resume its rate-cutting cycle have provided further support to the precious metal. Brian’s Personal Comment: Gold successfully broke above the $3,036 resistance level and closed candles above the recent highs, signaling a bullish structure on the H1 timeframe. However, to ensure safer trading, it’s advisable to wait for a clearer trend setup or a minor pullback before entering long positions. Gold Trading Setups: 🔹 BUY XAUUSD: Entry: 3059 – 3057 SL: 3055 TP: 3062, 3065, 3069 🔹 BUY XAUUSD: Entry: 3050 – 3047 SL: 3044 TP: 3053, 3056, open target Technical Analysis: Based on the 34 & 89 EMAs and clear support-resistance zones, these buy setups align with the current bullish momentum. Pullbacks to EMA zones offer good re-entry opportunities, especially when price respects structure and bullish candle formations are confirmed.
OANDA:XAUUSDLong
by BrianCarter
8
Gold is about to set a new ATHGOLD INFORMATION: Gold prices surged to a record high above $3,100/ounce, marking one of the strongest rallies in the precious metal's history. The upward momentum is driven by multiple factors, including increased safe-haven demand due to concerns about the impact of upcoming US tariff policies, strong demand from central banks, expectations of Federal Reserve (Fed) interest rate easing, geopolitical instability in the Middle East and Europe, and increased capital flows into gold-backed exchange-traded funds. Additionally, investor demand for gold is rising sharply, as evidenced by increasing inflows into exchange-traded funds, with weekly inflows reaching their highest levels since March 2022, signaling a rush into the precious metal. BRIAN's Personal Commentary: The context of everything from technical to political and economic factors is supporting gold price increases in the first quarter of 2025. Gold prices are likely to achieve their highest growth rate in history. Gold Setup: XAUUSD BUY ZONE 3133-3130 SL: 3126 TP: 3135-3137-open Technical Analysis: Based on technical indicators EMA 34, EMA89 and support resistance zones to establish reasonable BUY orders. IMPORTANT NOTE: Note: Brian wants traders to manage their capital well - Use appropriate lot sizes according to your capital - Take profit at 4-6% of account capital - Cut losses at 2-3% of account capital
OANDA:XAUUSDLong
by BrianCarter
2
Gold Futures (GC1) not tracking spot priceSpot price for gold is up close to 1%, but futures (red line) is up only half of that. Looks like the algos are desperate for cash and selling futures for less premium than usual. I think we've all done it a time or two, especially when we were starting out trading, where we sold our winners to cover the margin call for the loser stocks only to watch the winner stock go up more and loser stocks tank. Well, that's what the algos are doing tonight, selling gold and pumping US index futures. As a result, June gold futures isn't gaining any traction, it appears to be forming a huge pennant. The investment firms that run the algos must have a shitload of gold futures. The difference in spot price and Jun gold futures, that's how desperate the algos are, they're selling at below market value. Anyways, GLD ETF carries actual physical gold, so I assume pricing will track spot price, not futures.
FXOPEN:XAUUSD
by hungry_hippo
GOLD --> Increased economic risks increase interest rates.OANDA:XAUUSD the sharp increase is driven by high interest rates fueled by rapidly rising economic risks, mainly related to Trump's tariff war. For selling, risks remain very high, with stock market and cryptocurrency declines only adding to interest in this metal. The market is seeking safety in traditional value storage channels amid speculation surrounding US President Donald Trump's tax plans on "Liberation Day", April 2. With the WSJ reporting that Trump may impose global tariffs of up to 20% on most US trading partners. This could increase inflationary and stagflationary pressures, weakening the dollar and US Treasury bond yields, supporting gold prices. This week, all eyes are on Trump's speech on Wednesday, PMI data, non-farm payrolls report and Powell's speech. Technically, selling is not recommended at this time due to high risks - for buying, we should wait for price corrections to key support levels. Emphasizing the key point that we are not talking about any trend reversals at this time. It's worth waiting for local corrections or consolidation, the market will mark important levels, liquidity zones or imbalances where you can build trading strategies. Gold will continue rising due to strongly increasing risks.
OANDA:XAUUSDLong
by AdrianBennett
2