XAUUSD is still on Rising channel on D1H4 Timeframe Analysis
Gold is currently holding the falling wedge pattern on H1 & Rising wedge on D1 Today we have volume opening Gap on OANDA which is still pending.
Market is holding the Range of 3330-3380
What's possible scanarios we have?
if gold sustained with this falling channel and H4 remains above 3320-3330 then Before the US market, I think gold can still return to around 3350 then 3370.
On the otherhand if The H4 candle closes below 3320 buyying will be limited and market will again the rangbound 3290-3330
#XAUUSD
Futures market
Mastering Bitcoin Trends with the 55-Week Moving AverageMastering Bitcoin Trends with the 55-Week Moving Average: A KISS Approach to Trading
I want to emphasize the KISS principle—and provide an example of using the 55-week moving average (MA) on the Bitcoin chart. This is a great demonstration of how simple tools, when applied with consistency and insight, can be incredibly powerful.
Here’s a breakdown of how and why the 55-week MA has proven effective as a trend-following and risk-management tool for Bitcoin:
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✅ 1. Trend Identification (Bull vs Bear Mode)
• Above the 55-week MA: Historically, Bitcoin has shown strong bullish momentum when it closes consistently above this level.
• Below the 55-week MA: When the price dips and stays below, it tends to coincide with bear markets or extended corrective phases.
• Why 55 weeks? It captures just over a year’s worth of price data, which filters out shorter-term noise and gives a solid picture of the macro trend.
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✅ 2. Mean Reversion
• During bullish trends, pullbacks to the 55-week MA have often acted as dynamic support.
• This allows traders to buy the dip confidently when price retraces to that average, assuming the longer-term uptrend remains intact.
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✅ 3. Position Management (Adds & Stops)
• Adding to positions: When Bitcoin bounces off the 55-week MA, that point becomes a high-probability area to add to existing longs.
• Stop placement: If you enter on a bounce off the MA, a stop just below it (on a closing weekly basis) can define your risk clearly.
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✅ 4. Simplicity and Objectivity
• No indicators, no oscillators, no complex systems—just price and one moving average.
• This eliminates analysis paralysis and helps you stay focused and consistent with your trading decisions.
________________________________________
Example Summary (Past Behaviour):
• 2016–2017 bull market: Price remained consistently above the 55-week MA. Dips to it were prime buying opportunities.
• 2018 bear market: Clear breakdown and failure to reclaim the 55-week MA—early signal of sustained weakness.
• 2020–2021 bull market: Once reclaimed, it held beautifully on corrections, validating bullish momentum.
• 2022 crash: Consistent failure to hold above it confirmed bearish environment.
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🧠 Final Thoughts:
You don’t need 20 indicators when one well-chosen line does the job across multiple dimensions: trend-following, mean reversion, and risk control. The 55-week MA, when applied to Bitcoin, respects the KISS principle to perfection—clean, visual, effective.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Gold is under pressure and continues to focus on weekly support
The Israeli-Iranian conflict that broke out on June 13th lasted for 12 days before a ceasefire agreement was reached. Iran retaliated against the US military base but did not block energy transportation. Trump called its response weak, and market concerns cooled. Gold and oil prices gave up their gains. Spot gold closed at $3,368.98 per ounce, close to flat. U.S. crude oil fell 9% from a 5% increase. Trump announced on Tuesday that Israel and Iran had reached a ceasefire agreement. After mediation by Qatar, Iran agreed, and Israel also hoped to end the conflict within a few days.
Gold fell as the situation eased and the demand for safe-haven assets weakened. Oil prices fell more due to the lack of risk in the Strait of Hormuz, and U.S. stock index futures rose. Federal Reserve Vice Chairman Bowman unexpectedly said that interest rates may be cut in July. U.S. Treasury yields fell and the U.S. dollar index fell, but did not support gold prices. The U.S. economy is facing inflation and growth slowdown pressure. If the situation in the Middle East worsens, oil prices may soar, exacerbating the risk of stagflation. Short-term ceasefires and differences with the Federal Reserve suppress gold prices. Medium- and long-term geopolitical risks and expectations of interest rate cuts support gold. Investors can pay attention to relevant developments and diversify their allocations.
In terms of gold, the overall price of gold fell on Monday. The highest price rose to 3396.68 on the day, and the lowest price fell to 3346.92, closing at 3368.94. On Monday, gold jumped higher in the early trading, and then came under pressure again. It continued to rise after the European and US trading to test the opening high. The price fell very weakly overnight, and finally ended with a big negative. At present, gold is still in a volatile decline.
From a multi-cycle analysis, first observe the monthly rhythm. The price ran according to the rhythm in May as the author said, and finally in a cross state. For June, focus on the gains and losses of the highs and lows in May. The price will only be a real break if it really closes above this position. The long-term watershed is at 2780. From a weekly level, the gold price is supported by the 3280 regional support level. From a mid-term perspective, we are still in a mid-term bullish position, but we need to pay attention to the market's retracement to the weekly support. At the same time, the price will be further under pressure only if it breaks the weekly support. From the daily level, the price breaks the 3365 daily watershed. The overall follow-up still focuses on the pressure performance, and the focus below is on the retracement to the weekly support. At the same time, according to the four-hour level, we need to pay attention to the 3360 position temporarily. Since gold is currently in a volatile decline, it will continue to be short before breaking 3405. In the short term, we will first focus on the four-hour and daily resistance pressure, and focus on the 3320 and 3280 area support below.
Gold 3360 and 3365 range is under pressure, and the target is 3320-3280
XAUUSD Hello traders. Today's second and also final trade opportunity comes from the XAUUSD pair. I consider this setup to be somewhat risky, so I recommend keeping your risk exposure at a minimum.
Earlier today, I shared a trade on GBPJPY, which has since experienced a strong upward move. As a result, I’ve updated the TP level for that trade. You can find the updated information noted under that specific post.
🔍 Trade Details
✔️ Timeframe: 30-Minute
✔️ Risk-to-Reward Ratio: 1:2
✔️ Trade Direction: Buy
✔️ Entry Price: 3323.09
✔️ Take Profit: 3340.22
✔️ Stop Loss: 3314.50
🕒 If momentum fades or the price consolidates in a tight range, I will keep this trade open only until 23:00 (UTC+4). After that, I’ll close it manually—whether in profit or loss—depending on how price action evolves.
🔔 Disclaimer: This is not financial advice. I’m simply sharing a trade I’ve taken based on my personal trading system, strictly for educational and illustrative purposes.
📌 Interested in a systematic, data-driven trading approach?
💡 Follow the page and turn on notifications to stay updated on future trade setups and advanced market insights.
Gold Outlook: Navigating Rising Geopolitical Tensions and Mixed Technical Analysis
The gold spot price recently tested resistance near $3,451, marking a significant swing high. Following this, the price has pulled back to the 61.8% Fibonacci retracement level at approximately $3,353, which currently acts as critical support. The daily chart shows gold holding above its 50-day weighted moving average (WMA) around $3,250, with an upward sloping trendline reinforcing near-term bullish support.
If gold decisively stays below the $3,353 support, it may test lower levels near $3,293 and potentially the trendline support near $3,228. Such a move could signal a short-term bearish phase, driven by easing geopolitical fears or strengthening US dollar sentiment.
• Support Levels: $3,353 (61.8% Fib), $3,293 (100% Fib retracement), $3,228 (141.4% extension).
• Resistance Levels: $3,451 (recent high), with a possible challenge above to $3,500 psychological level.
Momentum indicators present a mixed picture. The Relative Strength Index (RSI) is nearing neutral at 48, suggesting neither overbought nor oversold conditions. The MACD histogram indicates weakening bullish momentum, while stochastic oscillators are trending lower but not yet in oversold territory, implying potential for further correction before resuming upward movement.
Conversely, a rebound above $3,451 could trigger fresh bullish momentum targeting $3,500 and beyond.
|Symmetrical Triangle| Squeeze in Crude OilCrude oil is currently forming a symmetrical triangle pattern, a classic squeeze formation with price compressed into a tight range. Symmetrical triangles typically act as continuation patterns, favoring the prevailing trend, and in this case, on the daily chart, the trend is well established: a bullish trend with high volume. As the dominant trend is clearly bullish, and volume has remained relatively high throughout the consolidation, it supports furthermore the potential for continuation to the upside.
On the Bollinger band the squeeze is more visible, and suggests diminishing volatility, which is often followed by expansion. Unlike earlier price action before consolidation, recent sessions are exhibiting larger candlestick bodies accompanied by pronounced wicks on both ends. Meaning adding confluence to our potential breakout. These conditions create a buildup of potential momentum in the market, exactly what fuels explosive breakouts when key levels are breached.
Though such pattern can also serve as a reversal signal when broader macro conditions shift.
But, and this is a big but, beyond the chart, the geopolitical context is intensifying. The Israel-Iran conflict continues to escalate, and with the most recent reports of direct US involvement, that is the strikes on Iranian nuclear infrastructure, the risk on crude oil is rising. The possibility of Iranian retaliation, introduces serious potential for supply disruption, as any military response or blockade would likely trigger a sharp spike in the price.
This confluence of technical breakout potential and geopolitical instability makes this setup particularly potent. If we get a confirmed breakout above the triangle and a clean close above the 77–79 zone, combined with global uncertainty and potential supply shocks, could put the $84-85 target well within reach in the near term. Beyond that, should geopolitical tension escalate, oil could accelerate toward $90 or even $100.
In short, this is a high-stakes moment. If price does break out, it won’t just be a technical move, it will ride a wave of volume, volatility, and geopolitical narrative.
With all this in mind, one should be watching closely for volume confirmation, breakout structure, and any major headlines from the Middle East as the situation develops.
XAUUSD: Key Reversal Zone or Deeper Correction Ahead?XAUUSD: Key Reversal Zone or Deeper Correction Ahead?
Gold enters the new trading week balancing on a technical and macroeconomic knife’s edge. After a steep decline, prices are testing critical liquidity zones — just as geopolitical tensions and US economic uncertainty intensify.
🌍 Macro & Fundamental Outlook
📰 Middle East Tensions Rising Again: Israel has signaled potential strikes on Tehran after Iran allegedly violated a ceasefire agreement. Such developments usually support gold as a safe-haven asset.
📊 US Economic Signals Are Mixed: Last week’s PMI and housing data point toward an economic slowdown. If this week’s Core PCE data softens, expectations for a Fed rate cut in September will grow — likely weakening the USD and lifting gold.
🏦 Global Demand for Gold Still Strong: Central banks, particularly from China and India, are continuing their gold accumulation, reinforcing long-term bullish fundamentals.
📉 Technical Analysis (H1–H4)
Gold is still trading within a downward channel but is now approaching a strong demand zone around 3276, a level that has triggered rebounds in the past.
EMA 34 – 89 – 200 indicate bearish momentum, but RSI is showing bullish divergence — hinting at a possible reversal or short-term bounce.
Price action around key support and resistance levels will be crucial this week.
✅ XAUUSD Trade Setup
BUY ZONE: 3278 - 3276 | SL: 3270 | TP: 3282 - 3286 - 3290 - 3294 - 3298 - 3302 - 3305 - 3310
SELL ZONE: 3367 - 3369 | SL: 3375 | TP: 3364 - 3360 - 3356 - 3352 - 3348 - 3344 - 3340 - 3330 - 3320
📌 The Buy Zone lies within a historical liquidity pocket — ideal for a potential rebound if geopolitical risks rise or USD weakens.
📌 The Sell Zone is near a key Fair Value Gap (FVG) and local resistance — strong confluence for short opportunities on a bounce.
🧭 Final Thoughts
XAUUSD is facing a pivotal moment. With both geopolitical events and major US economic data on the horizon, traders should prepare for volatility. Patience, technical discipline, and proper SL/TP management will be key to navigating this environment successfully.
Copper Ready to Fly ?Copper is looking strong — the price has started to rise.
The key now is that the U.S. main session doesn't sell it off hard.
If the breakout holds, this could be the start of a powerful move to the upside. Watching closely for confirmation during the main session.
📝Trade Plan:
Entry: On a breakout above the previous wick highs at 4.985
Stop Loss: Below today’s low, at 4.905
Target: 5.60🚀
XAUUSD; CONTINUATION HIGHERHello traders
XAUUSD has been very bullish recently and currently correcting to a strong resistance of @3315 which coincides with a 61.8 fib
we expect a bounce higher targeting previous highs of @3395
if the price drops lower than 3300 this idea will be irrelevant
GOOD LUCK
GOLD continue sideway , SELL 3393⭐️GOLDEN INFORMATION:
Gold prices remain well-supported during the North American session following breaking news that Iran has launched retaliatory strikes on US military bases in Qatar. The escalation comes in response to Washington’s weekend assault on Iranian nuclear facilities. As geopolitical tensions in the Middle East dominate headlines, investors have largely sidelined US economic data. At the time of writing, XAU/USD is trading at $3,385, up 0.39%.
Macroeconomic indicators have taken a backseat as heightened conflict drives market sentiment. Citing Israeli media, Al Arabiya reported that Iran targeted US bases in Qatar, Kuwait, and Iraq with missile strikes. In a further escalation, Tehran approved the closure of the strategic Strait of Hormuz and launched additional missiles at Israeli targets—amplifying safe-haven demand for gold.
⭐️Personal comments NOVA:
Gold prices reacted to a decrease in positive news about peace in the Middle East, continuing to accumulate.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3392- 3394 SL 3399
TP1: $3382
TP2: $3370
TP3: $3360
🔥BUY GOLD zone: $3319-$3317 SL $3312
TP1: $3327
TP2: $3338
TP3: $3349
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
Trend Continuation Setup: Long Entry from MA supportPrice has pulled back to the key moving averages, acting as dynamic support. Trend remains bullish.
A bullish setup has formed, offering a long entry opportunity with limited downside risk.
📝Trade Plan :
Entry: Near the current price, around the moving averages
Stop Loss: Just below today’s low, at the 3310 level
Target: First target around 3500, with potential for continuation if momentum builds
Why the Best Strategies Don’t Last — A Quant TruthOver the years, I’ve built strong connections with traders on the institutional side of the market.
One of the most interesting individuals I met was a former trader at Lehman Brothers. After the collapse, he transitioned into an independent quant. I flew to Boston to meet him, and the conversations we had were eye-opening, the kind of insights retail traders rarely get exposed to.
We didn’t talk about indicators or candlestick patterns.
We talked about how fast and aggressive algorithmic trading really is.
He told me something that stuck:
" People think hedge funds build one algorithm, run it for years, and collect returns. That’s rarely the case. Most algos are extremely reactive. If something stops working, we don’t fix it — we delete it and move on. That’s how the process works."
This isn’t an exception — it’s standard practice.
What stood out most in our talks was how adaptable these algorithms are. If market conditions shift — even slightly — the logic adapts immediately. These systems aren’t built on beliefs or opinions.
They’re built to respond to liquidity, volatility, and opportunity — nothing more.
This level of responsiveness is something most retail traders never factor into their approach, but it’s core to how modern markets operate.
█ How Quant Funds Use Disposable Strategies — And What Retail Can Learn
One of the most misunderstood realities in modern trading is how top quantitative funds like Two Sigma, Citadel, and Renaissance Technologies deploy, monitor, and replace their strategies.
Unlike traditional investors who develop a strategy and stick with it for years, many quant funds take a performance-first, outcome-driven approach. They:
Build hundreds of strategies,
Deploy only the ones that currently work, and
Retire or deactivate them the moment performance drops below their internal thresholds.
This is a deliberate, statistical, and unemotional process — and it's something that most retail traders have never been taught to think about.
█ What This Means
Quantitative firms often run:
100s of models simultaneously,
Each targeting a specific edge (e.g. trend-following, mean reversion, intraday order flow),
With tight risk controls and performance monitoring.
When a model:
Falls below a minimum Sharpe ratio (risk-adjusted return),
Starts underperforming vs benchmark,
Experiences a breakdown in statistical significance…
…it is immediately deprecated (removed from deployment).
No ego. No "fixing it."
Just replace, rebuild, and redeploy.
█ It runs live… until it doesn’t.
If slippage increases → they pull it.
If volatility regime changes → they pull it.
If too many competitors discover it → they pull it.
If spreads tighten or liquidity dries → they pull it.
Then? They throw it away, rebuild something new — or revive an old one that fits current conditions again.
█ Why They Do It
⚪ Markets change constantly
What worked last month might not work this week — due to regime shifts, volatility changes, or macro catalysts. These firms accept impermanence as part of their process.
⚪ They don’t seek universal truths
They look for temporary edges and exploit them until the opportunity is gone.
⚪ Risk is tightly controlled
Algorithms are judged by hard data: drawdown, volatility, Sharpe ratio. The moment a strategy fails to meet these metrics, it’s shut off — just like any risk engine would do.
⚪ They don’t fix broken models — they replace them
Time spent “tweaking” is time lost. New strategies are always in the pipeline, ready to rotate in when older ones fade.
█ Research & Real-World Validation
"Modern quantitative funds must prioritize real-time adaptability and accept that any statistical edge has a short shelf life under competitive market pressures." Adaptive Trading Agents” (Li, 2023)
Donald MacKenzie’s fieldwork on HFT firms found that algos are treated like disposable tools, not long-term investments.
Studies on adaptive algorithmic trading (e.g., Li, 2023; Bertsimas & Lo, 1998) show that funds constantly evaluate, kill, and recycle strategies based on short-term profitability and regime changes.
A former Two Sigma quant publicly shared that they regularly deploy hundreds of small-scale models, and once one fails risk thresholds or decays in Sharpe ratio, it’s immediately deprecated.
Walk-forward optimization — a method used in quant strategy design — is literally built on the principle of testing a strategy in live markets and discarding it if its forward performance drops.
█ Why Retail Rarely Hears This
Retail traders are often taught to:
“Stick with a system”
“Backtest 10 years”
“Master one setup”
But in the real quant world:
There is no perfect system. There are only edges that work until they don’t. And the moment market structure shifts — new volatility, different volume profile, regime change — the strategy is gone, no questions asked.
█ What This Means for Retail Traders
⚪ Don’t idolize “one perfect system.”
What worked in April might not work in June. Treat your strategies as temporary contracts, not lifelong beliefs.
⚪ Build modular logic.
Create systems you can tweak or retire quickly. Test new regimes. Think in frameworks, not fixed ideas.
⚪ Learn from regime shifts.
Volatility, spread, volume profile, macro tone — track these like a quant desk would.
⚪ Use metrics like:
- Win streak breakdown
- Market regime tracker
- Edge decay time (how long your setups last)
█ Final Thought
The best traders — institutional or retail — understand that there’s no such thing as a permanent edge. What matters is:
Having a repeatable process to evaluate strategy performance,
Being willing to shut off or rotate out what’s no longer working,
And staying adaptable, data-driven, and unemotional.
If you start treating your strategies like tools — not identities — you’ll begin operating like a professional.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
XAU/USD: The truth may be late, but it will never be absent.Trump tweeted late at night that a ceasefire had been reached between Israel and Iran, causing gold and crude oil prices to crash straight away.
So far, neither side has officially announced the ceasefire, and new explosions continue to be reported, with the situation likely to reverse at any moment. Market sentiment runs faster than the truth, but the truth will catch up sooner or later.
Key Focus Points:
1.Monitor the authenticity of the ceasefire
2.Track Fed dynamics: If the Fed hints at rate cuts under pressure, the bullish logic for gold will remain intact.
XAUUSD
sell@3365-3375
tp:3340-3330
buy@3330-3340
tp:3360-3370
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Excellent session yesterdayAs discussed throughout my yesterday’s session commentary:” My position: Besides all Fundamental factors / escalation, Gold isn't soaring as one could expect. Therefore I will continue Scalping #3,352.80 - #3,377.80 Neutral belt and will Trade the break-out. #3,352 towards #3,327.80 or #3,377.80 to the upside however with DX rising, I give more probabilities to the downside.“
I have firstly engaged many Scalping orders from #3,377.80 - #3,382.80 Scalp re-Buy zone towards #3,392.80 and closed all with Profit. Then late U.S. session delivered #3,352.80 benchmark test which I re-Bought in repetition and closed my Scalp orders on #3,358.80 - #62 belt. Also my Selling Swing projection was delivered (#3,327.80 test).
Technical analysis: Gold is taking strong Intra-day hits in form of Three Black Crows candlestick formation and most likely Selling sequence is not stopping here. The Hourly 4 chart’s Resistance cluster has rejected the Price-action twice already which gives a updated Targets with a potential extension towards #3,200.90 psychological benchmark if #3,322.80 - #3,327.80 Support zone gives away. Only if #3,352.80?mark breaks to the upside and market closes (especially Weekly (#1W) closing) above, I will contemplate Buying the market as at the moment / Hourly 1 chart’s reveals no clues nor configuration is not worth entering / only Sell orders both Scalp / Swing are suitable. I don't expect today’s session Fundamental reports to be relevant, as I await Support extension test (Selling on every local High’s) due ceasefire talks / deal.
My position: I will Sell every High’s on Gold especially if #3,352.80 benchmark is not recovered waiting for #3,300.80 benchmark test.
Excellent session yesterdayAs discussed throughout my yesterday’s session commentary:” My position: Besides all Fundamental factors / escalation, Gold isn't soaring as one could expect. Therefore I will continue Scalping #3,352.80 - #3,377.80 Neutral belt and will Trade the break-out. #3,352 towards #3,327.80 or #3,377.80 to the upside however with DX rising, I give more probabilities to the downside.“
I have firstly engaged many Scalping orders from #3,377.80 - #3,382.80 Scalp re-Buy zone towards #3,392.80 and closed all with Profit. Then late U.S. session delivered #3,352.80 benchmark test which I re-Bought in repetition and closed my Scalp orders on #3,358.80 - #62 belt. Also my Selling Swing projection was delivered (#3,327.80 test).
Technical analysis: Gold is taking strong Intra-day hits in form of Three Black Crows candlestick formation and most likely Selling sequence is not stopping here. The Hourly 4 chart’s Resistance cluster has rejected the Price-action twice already which gives a updated Targets with a potential extension towards #3,200.90 psychological benchmark if #3,322.80 - #3,327.80 Support zone gives away. Only if #3,352.80?mark breaks to the upside and market closes (especially Weekly (#1W) closing) above, I will contemplate Buying the market as at the moment / Hourly 1 chart’s reveals no clues nor configuration is not worth entering / only Sell orders both Scalp / Swing are suitable. I don't expect today’s session Fundamental reports to be relevant, as I await Support extension test (Selling on every local High’s) due ceasefire talks / deal.
My position: I will Sell every High’s on Gold especially if #3,352.80 benchmark is not recovered waiting for #3,300.80 benchmark test.
Bearish Continuation Pattern Detected on GOLD/USD Bearish Continuation Pattern Detected on GOLD/USD 📉
📊 Chart Analysis Summary:
The GOLD/USD chart shows a clear bearish continuation pattern, following a rejection from a major resistance zone.
🔍 Key Technical Highlights:
🔺 Resistance Zone:
Strong resistance at 3,420 – 3,440 USD, marked by multiple rejections (🔴 red arrows).
Price formed a Bearish Harmonic Pattern (likely a Gartley or Bat), suggesting reversal from this resistance.
🔻 Bearish Momentum:
After the pattern completed, price broke below the minor support structure and is currently forming lower highs and lower lows, indicating bearish structure.
📉 Support Level:
Strong horizontal support zone around 3,298 – 3,300 USD, marked as “TARGET.”
This area was previously tested (🟠 orange circles) and now projected to act as a target level again.
🔄 Minor Retracement Zone:
Expecting a minor pullback to 3,347 USD (purple line) before potential continuation downward.
This zone aligns with the previous support turned resistance (classic SR flip).
🎯 Target Projection:
Based on the bearish impulse and measured move, the projected target is around 3,298.758 USD, which coincides with the previous support zone.
📌 Conclusion:
The price action suggests a high-probability bearish continuation, targeting the 3,298 USD zone unless the price breaks and holds above 3,347 USD. Traders may consider selling on rallies with a confirmation of rejection at resistance.
📉 Bias: Bearish
📍 Invalidation: Break and daily close above 3,347 USD
📉
📊 Chart Analysis Summary:
The GOLD/USD chart shows a clear bearish continuation pattern, following a rejection from a major resistance zone.
🔍 Key Technical Highlights:
🔺 Resistance Zone:
Strong resistance at 3,420 – 3,440 USD, marked by multiple rejections (🔴 red arrows).
Price formed a Bearish Harmonic Pattern (likely a Gartley or Bat), suggesting reversal from this resistance.
🔻 Bearish Momentum:
After the pattern completed, price broke below the minor support structure and is currently forming lower highs and lower lows, indicating bearish structure.
📉 Support Level:
Strong horizontal support zone around 3,298 – 3,300 USD, marked as “TARGET.”
This area was previously tested (🟠 orange circles) and now projected to act as a target level again.
🔄 Minor Retracement Zone:
Expecting a minor pullback to 3,347 USD (purple line) before potential continuation downward.
This zone aligns with the previous support turned resistance (classic SR flip).
🎯 Target Projection:
Based on the bearish impulse and measured move, the projected target is around 3,298.758 USD, which coincides with the previous support zone.
📌 Conclusion:
The price action suggests a high-probability bearish continuation, targeting the 3,298 USD zone unless the price breaks and holds above 3,347 USD. Traders may consider selling on rallies with a confirmation of rejection at resistance.
📉 Bias: Bearish
📍 Invalidation: Break and daily close above 3,347 USD
XAUUSDGold has shown a strong historical pattern of impulsive rallies followed by significant corrections. After the recent explosive move from the $2,067 breakout zone to new all-time highs around $3,500, representing a +67% rally, the metal appears overextended and due for a healthy pullback.
Past cycles suggest that after such parabolic moves, price tends to retrace back to key demand zones or previous accumulation levels. In this case, the medium-term correction target aligns with the $2,800–$2,750 region — a strong structural support and confluence with the 2024 breakout base.
While the long-term trend remains bullish, this setup hints at a potential mean reversion or consolidation phase. Traders should remain cautious at current highs and watch for signs of distribution and lower highs forming in the coming weeks
XAU/USD 24 June 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as 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:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Following previous high, and printing of bearish CHoCH, price has pulled back to an M15 supply zone, where we are currently seeing a reaction. Therefore, I shall now confirm internal high.
Price is now trading within an established internal range.
The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price.
As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish.
Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback.
Intraday Expectation:
Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
XAUUSD:Go long
The uncertainties in multiple dimensions such as geopolitics, US monetary policy and tariffs have significantly increased, which will bring more volatility to the gold price.
Today's market trend is still mainly volatile. During the Asian session, there has been a deep pullback. 3316 is the short-term support. It is expected that there will be a rebound in the future.
Trading strategy:
BUY@3325-30
TP:3345-50
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