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GOLD trade ideas

XAU/USD) back up Trand analysis Read The ChaptianSMC Trading point update Technical analysis for XAU/USD (Gold vs. US Dollar) on the 4-hour timeframe suggests a bullish reversal setup from a key support zone. Here's a breakdown of the idea: Key Observations: 1. Support Zone (Yellow Box at ~3,100–3,140): The price recently touched a significant support area marked by multiple previous bounces (green arrows). The latest green arrow shows a bullish reaction from this zone, indicating potential for an upward move. 2. Resistance Zone (~3,220–3,250): This intermediate zone is expected to be the first area of interest for bulls. The analysis suggests a brief pullback or consolidation before continuation. 3. Target Point (~3,375): The chart outlines a projected move to around 3,375, aligning with a previous supply zone and the upper channel line. This is likely the main target for a swing trade. 4. EMA 200 (Blue Line - ~3,221): Price is hovering around the 200 EMA, acting as a dynamic resistance. A breakout above this would add bullish confirmation. 5. RSI Indicator (~41): RSI is recovering from an oversold region (~38), indicating potential momentum building for a reversal. Mr SMC Trading point --- Conclusion: This is a bullish reversal setup with: Entry zone: Around 3,120–3,140 Short-term resistance: ~3,220–3,250 Final target: ~3,375 Invalidation: A clear break and close below the yellow support box (~3,100) Pales support boost 🚀 analysis follow)
FX:XAUUSDLong
by SMC-Trading-Point
21
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Here’s the latest follow-up on our weekly chart setup and as anticipated, it’s playing out as analysed with the test into the top of our Goldturn Ascending Channel and rejection. Price tested the upper boundary but failed to secure a sustained breakout. The EMA5 did not cross and lock outside the channel, signaling a lack of confirmation for bullish continuation. Instead, the top of the channel acted as a clean resistance zone, resulting in a firm rejection. We are now seeing price pull back toward our identified support zones at 3281 and 3189, of which price can slowly align with the channel’s midline with either price finding support here, or we look for it to gradually sync up with the half-line of the channel for structural support. As always, patience and precision are key. We'll continue using the 1H and 4H timeframes to buy dips on retracements into these support zones, targeting clean 30–40 pip moves. These levels and pullbacks offer ideal opportunities, especially in ranging conditions where our Goldturn method truly shines. This is exactly why we rely on our Goldturn Channels, our proprietary system built on weighted averages. It filters the noise, helps us spot real breakouts vs. fake-outs, and gives us the confidence to act with clarity and discipline. Thanks again for all the support, your likes, comments and follows. MR GOLD GOLDVIEWFX
OANDA:XAUUSD
by Goldviewfx
6
GOLD: The Bearish Wave Has Begun – What’s Next?GOLD: The Bearish Wave Has Begun – What’s Next? GOLD has broken down from a bearish pattern, confirming a strong move lower. The price has also fallen below the key 3200 support zone, which is an important psychological level where traders make key decisions. If this breakout is real and not a false move (as seen before), GOLD could continue its bearish wave, potentially dropping toward 3100, as shown on the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FX:XAUUSDShort
by KlejdiCuni
14
GOLD 4H CHART ROUTE MAP UPDATE Hey Everyone, Another productive session on the charts, with our strategy of buying dips delivering solid results once again. This is a follow up on our 4-hour chart setup. The week began with our initial bearish targets being achieved, each confirmed by decisive candle body closures. Additionally, momentum conditions allowed for EMA5 lock confirmations at key levels, reinforcing the validity of the moves. Today, price action tested the secondary swing range following a confirmed break and EMA5 lock below the primary swing zone. This led to a clean retracement and a reaction from the secondary swing range, with price covering the full range of the swing, a strong technical sign of structure respecting prior levels. Looking ahead, we are closely monitoring for one of two scenarios: 1. Primary swing range completion – If price continues its upward momentum and completes the move back to the primary range, this could set the stage for a potential breakout. 2. Rejection at current zone – Should price fail to reclaim the primary swing range, we anticipate a retest of the lower Goldturn zones as support. A successful hold and bounce from this level would reinforce the broader range dynamics and offer renewed long opportunities. We'll remain reactive to price structure and momentum alignment, especially in relation to key support/resistance levels. Mr Gold GOLDVIEWFX
OANDA:XAUUSD
by Goldviewfx
8
Gold Market Update: Bulls Still in Control?Gold Market Update: Bulls Still in Control? Gold has been volatile, requiring close attention. Following our previous analysis, gold declined from its last bearish pattern, dropping from 3230 to 3120. However, yesterday it rebounded sharply, surging from 3120 to 3251 despite the absence of any news—an indication that bullish momentum remains strong. The predominant trend is solid, but heavy manipulation and the substantial holdings by central banks and hedge funds continue to prevent a deeper decline. The chances remain high that this movement is part of a bearish correction. While it may look unstable, but another rise could still be possible. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
FX:XAUUSDLong
by KlejdiCuni
17
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 3341 and a gap below at 3307. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3341 EMA5 CROSS AND LOCK ABOVE 3341 WILL OPEN THE FOLLOWING BULLISH TARGETS 3372 EMA5 CROSS AND LOCK ABOVE 3372 WILL OPEN THE FOLLOWING BULLISH TARGET 3414 EMA5 CROSS AND LOCK ABOVE 3414 WILL OPEN THE FOLLOWING BULLISH TARGET 3447 EMA5 CROSS AND LOCK ABOVE 3447 WILL OPEN THE FOLLOWING BULLISH TARGETS 3478 EMA5 CROSS AND LOCK ABOVE 3478 WILL OPEN THE FOLLOWING BULLISH TARGETS 3502 BEARISH TARGETS 3307 EMA5 CROSS AND LOCK BELOW 3307 WILL OPEN THE RETRACEMENT RANGE 3281 3254 EMA5 CROSS AND LOCK BELOW 3254 WILL OPEN THE SWING RNGE 3233 3201 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
15
XAU/USD. gold 1d chart pattern*gold (XAU/USD) buy trade* with: - *Entry Price:* *3175* - *First Target (FVG):* *3200* (+25 points) - *Final Target:* *3268* (+93 points) ### Analysis of the Trade Setup: 1. *Fair Value Gap (FVG) Target (3200):* - An FVG often acts as a short-term liquidity zone. - Price may stall or pull back near *3200* before continuing upward. - *Action:* Consider taking partial profits here or tightening stops. 2. *Final Target (3268):* - A *+93-point move* (~*2.9%* gain from entry). - Check if *3268* aligns with key resistance levels (previous highs, Fibonacci extensions, etc.). ### Key Considerations: ✅ *Bullish Confirmation Needed:* - Is gold in an uptrend (e.g., breaking higher highs & higher lows)? - Are supporting factors like a weaker USD, Fed rate cuts, or geopolitical risks in play? ⚠ *Risk Management:* - *Stop-Loss (SL):* Should be below a recent swing low (e.g., *3150-3160*). - *Risk-Reward Ratio (RRR):* - If SL = *3160* (15-point risk), then: - *First Target (3200):* *RRR = 1.67x* - *Final Target (3268):* *RRR = 6.2x* ### Trade Plan Suggestion: 1. *Enter at 3175* (if bullish structure confirms). 2. *Take 50% profit at 3200* (FVG zone). 3. *Move SL to breakeven* (or trail stop). 4. *Let remaining position ride to 3268* (if trend remains strong). Would you like help identifying key support/resistance levels or analyzing gold’s current trend for confirmation?
FOREXCOM:XAUUSDLong
by Algo_Trading_Mql5
28
GOLD - Price can break support level and continue to declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Recently price entered to triangle, where it at once bounced from support line, which coincided with support level. Price rose to resistance line, breaking $3400 level, but soon turned around and dropped below, breaking this level again. Next, Gold made a gap and continued to fall in a triangle, and later it reached $3215 level, after which bounced up. Then price exited from triangle, rose to $3400 level and made fake breakout, after which started to decline in falling channel. In channel, price fell to $3215 level, where at the moment continued to trades close and trying to break this level. I think Gold can break this level and continue to fall in a falling channel to $3140 If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
12
Gold Testing PRZ & Resistance Zone-Short Opportunity? Gold ( OANDA:XAUUSD ) moved according to yesterday's analysis and the position that was Risk-To-Reward:1.61 and hit the target of this position. Do you think Gold will continue its correction, or should we wait for the next gold rally to start? Gold is trading in the Resistance zone($3,280-$3,245) near the Potential Reversal Zone(PRZ) , and the Resistance lines . From a Classical Technical Analysis perspective , it seems possible that an Ascending Broadening Wedge Pattern could form. Educational note : An Ascending Broadening Wedge is a bearish technical pattern characterized by higher highs and higher lows that expand over time. It signals increasing volatility and weakening bullish momentum, often leading to a breakdown below support. In terms of Elliott Wave theory , Gold appears to be in corrective waves in the 15-minute time frame . I expect Gold to decline at least to the Support lines again , at least I think you can find a good Risk-To-Reward in PRZ for short positions . Note: If Gold touches $3,292 [ Worst Stop Loss(SL) ], we can expect further gains. Gold Analyze ( XAUUSD ), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
25
Bullish Inflation Data Fuels Gold Rebound — Impulsive Waves!?Gold ( OANDA:XAUUSD ) started to fall from the Resistance zone($3,280-$3,245) as I expected in the previous idea , but 50_SMA(Daily) and Support lines were able to hold Gold . ---------------------------------- Today, key U.S. economic data was released: Core PPI m/m: -0.4% (vs. 0.3% forecast) Core Retail Sales m/m: 0.1% (vs. 0.3% expected) PPI m/m: -0.5% (vs. 0.2% forecast) Retail Sales m/m: 0.1% (in line) Unemployment Claims: 229K (as expected) Outlook : The weaker-than-expected inflation data, especially the PPI figures, indicate easing inflationary pressures. This may increase expectations for potential Fed rate cuts, which generally supports gold as a non-yielding asset. Conclusion : Today’s data is overall bullish for gold. Watch for continued upside if sentiment shifts further toward dovish Fed expectations. However, keep an eye on upcoming Fed commentary for confirmation. ---------------------------------- Gold is moving above the Heavy Support zone($3,200-$3,136) and has managed to break the Resistance lines . In terms of Elliott Wave theory , Gold seems to have completed the corrective waves , and we can expect the start of an impulsive wave . Breaking the Resistance zone($3,280-$3,245) can be a good sign for the start of an impulsive wave and a gold pump . I expect Gold to start rising again after a pullback to the Resistance lines(broken) , probably from the Fibonacci Levels inside the chart , and attack the Resistance zone($3,280-$3,245) . Note: If Gold touches $3,154 , we can expect more dumps. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
19
Hellena | GOLD (4H): LONG to resistance area of 3300.Dear colleagues, I still expect an upward movement, because I am sure that the five-wave movement is not over yet. The price has updated the 3202 level, which means that wave “4” is a combined correction (WXY) and it is just completing its movement. I expect the price to start an upward movement and reach at least the 3300 resistance area. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
16
THE KOG REPORT - UpdateEnd of day update from us here at KOG: So we followed the path on yesterdays Report and ideally, on a good day we would have wanted an undercut low and then the bounce. Instead, we got the high, got the move down and then decided, due to CPI we would take what the market gave and wait. Fortunately, it was a no show CPI and the range continued. So now, we'll stick with the plan and follow the bias levels, above 3240 we'll look for higher pricing and maybe tomorrow Excalibur will give us that BOOM that we want. For now, support 3230, resistance 3265 on the attack. KOG’s Bias of the day: Bullish above 3240 with targets above 3258✅ and above that 3265✅ Bearish on break of 3240 with target below 3230✅ and below that 3210 RED BOXES: Break above 3265 for 3272, 3275, 3288 and 3006 in extension of the move Break below 3250 for 3235✅, 3230✅, 3226✅ and 3207 in extension of the move KOG’s bias of the week: Bullish above 3310 with targets above 3335, 3345, 3350, 3350, 3362 and 3370 Bearish below 3310 with targets below 3306✅, 3301✅, 3297✅, 3285✅ and 3274✅ RED BOXES (TAKE NOTE) Break above 3335 for 3342, 3350, 3354, 3365, 3370. 3373 and 3385 in extension of the move Break below 3320 for 3310✅, 3306✅, 3298✅, 3293✅, 3285✅ and 3279✅ in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
16
GOLD DAILY CHART ROUTE MAP UPDATEHey Everyone, This daily chart idea played out exactly as analysed. The channel top provided strong resistance, with EMA5 failing to cross and lock outside the channel confirming the rejection. Price then moved down to the channel half line, which, as we anticipated, held firmly as support and delivered the expected bounce. This move aligned perfectly with our plan to buy dips, demonstrating once again the precision of the Goldturn channel methodology. This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake-outs and real breakouts, cutting out much of the noise that usually confuses traders. We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
7
(XAU/USD) Buy Trade Setup – Entry, Target & Risk Management PlaEntry Point: 3,140.34 USD This is the suggested level to enter a long (buy) trade. Stop Loss (SL): 3,121.66 USD A protective level to limit losses if the trade goes against the setup. Target Point (Take Profit - TP): 3,251.33 USD This is the EA target point — where profits are expected to be taken. --- 3. Risk/Reward Ratio: Risk: From 3,140.34 to 3,121.66 = 18.68 points Reward: From 3,140.34 to 3,251.33 = 110.99 points Risk/Reward Ratio ≈ 1:6, which is very favorable. 4. Resistance Point: Around 3,222.45 - 3,227.27 This area might act as a challenge for price movement, potentially leading to temporary retracements. 5. Indicators: Moving Averages: Red (shorter period) and Blue (longer period) lines help indicate trends. The price is moving above the short-term MA but currently under the long-term MA, which might suggest a short-term bullish move within a broader downtrend or sideways range. Conclusion: This is a bullish setup, anticipating a reversal or continuation to the upside after a pullback: Buy Zone: 3,140.34 Stop Loss: 3,121.66 Take Profit: 3,251.33 If the price drops to the entry point zone
CAPITALCOM:GOLD
by EA_GOLD_MAN_COPY_TRADE
25
Hellena | GOLD (4H): LONG to resistance area of 3495.The design of the previous idea had an error in the table of contents and I decided to make a new one. The price has reached the support area 3240 and at the moment I expect the price to start an upward movement in the wave “3” of the middle order - it will be a continuation of the wave “5” of the higher order. The target is the same - the maximum of wave “3” 3495. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
19
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 3344 and a gap below at 3297. We will need to see ema5 cross and lock on either weighted level to determine the next range. We have a bigger range in play then usual. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3344 EMA5 CROSS AND LOCK ABOVE 3344 WILL OPEN THE FOLLOWING BULLISH TARGET 3394 EMA5 CROSS AND LOCK ABOVE 3394 WILL OPEN THE FOLLOWING BULLISH TARGET 3438 EMA5 CROSS AND LOCK ABOVE 3438 WILL OPEN THE FOLLOWING BULLISH TARGET 3486 BEARISH TARGETS 3297 EMA5 CROSS AND LOCK BELOW 3297 WILL OPEN THE SWING RANGE SWING RANGE 3236 - 3176 EMA5 CROSS AND LOCK BELOW 3176 WILL OPEN THE SECONDARY SWING RANGE SWING RANGE 3088 - 3046 EMA5 CROSS AND LOCK BELOW 3046 WILL OPEN THE SECONDARY SWING RANGE SECONDARY SWING RANGE 3130 - 3078 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
GOLD - Price can continue to decline to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few days ago price reached $3075 level, broke it, and then rose a little, but soon turned around and made correction movement. Next, price entered to triangle, where it reached support line, at once, and then made an upward impulse. Price broke $3075 level and soon reached and broke too $3290 level, after which Gold rose to resistance line. After this, price turned around and corrected $3290 level, but then it came back to resistance line. But recently, Gold dropped to support line of triangle, breaking $3290 level and making a gap, after which it exited from triangle. Now I think XAU can make a retest, after exiting, and then continue to decline to $3075 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
THINKMARKETS:XAUUSDShort
by WalterMoon
8
THE KOG REPORT - Update End of day update from us here at KOG: What a day on gold. We wanted this to go higher into the order region to enable us to short it in to the level we wanted following the path. Market glitched, we didn't get the move we wanted, completed all the bearish targets for the week but then....we managed to get a nice long trade from the lows into the resistance level above. Now 3230 turns into resistance with many traders chasing the gap early session likely holding on to trades. As you can see, the red box broke early session, that was the signal to maintain the move into the levels. So we'll stick with it at the moment as long as that 3255 level holds us down. An undercut low takes us into 3190-5 which is where we may see price hold for CPI tomorrow. All bearish targets done in one swoop! KOG’s bias of the week: Bullish above 3310 with targets above 3335, 3345, 3350, 3350, 3362 and 3370 Bearish below 3310 with targets below 3306✅, 3301✅, 3297✅, 3285✅ and 3274✅ RED BOXES (TAKE NOTE) Break above 3335 for 3342, 3350, 3354, 3365, 3370. 3373 and 3385 in extension of the move Break below 3320 for 3310✅, 3306✅, 3298✅, 3293✅, 3285✅ and 3279✅ in extension of the move As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
GOLD DAILY CHART ROUTE MAP UPDATEHey Everyone, After completing our previous daily chart idea, we’ve now updated and identified a new Goldturn ascending channel on this updated chart. Price had temporarily broken above the upper boundary of the channel; however, the EMA5 remains within the channel, indicating that this may be a false breakout rather than a confirmed move higher. The 3433 resistance level was tested, aligning with our prior axis target. While price did reach this level, it failed to close above it, resulting in only a wick rejection. For a confirmed bullish continuation, we need to see a clear candle close above 3433, accompanied by the EMA5 crossing and holding above the channel boundary. Further confirmation would come from a successful retest and hold above the channel, establishing new support at higher levels. At present, 3433 remains key resistance, while 3272 acts as support. In the short term, we may observe sideways consolidation, with price potentially gravitating toward the midline of the ascending channel half line, which could act as dynamic swing support. This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake-outs and real breakouts, cutting out much of the noise that usually confuses traders. Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalize on quick moves without getting caught in the chop of larger swings. Thank you all again for your continued likes, comments, and follows, we truly appreciate your support! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
2000+ Pips Down This Week – Can Gold Finally Breathe?Yesterday, Gold continued its aggressive drop and, as expected, broke below the key 3200 level, reaching the 3165 support zone and even exceeding it — trading now around 3136. The move that started on Monday is extremely sharp — more than 2,000 pips lost in just a few days — and follows the same pattern we've seen recently: rapid, volatile swings. ________________________________________ ❓ Is this the bottom, or will the fall continue? At this stage, calling a bottom is risky. There is no clear sign of exhaustion on higher timeframes, and Gold remains vulnerable. ________________________________________ 📌 What I’m watching now: • Lower timeframes (M30–H1) for signs of a temporary reversal • Potential bullish divergence • Watching for spikes down followed by sharp reversals to the upside as potential long entries — aiming to catch a short-term correction within the broader downtrend ________________________________________ 📊 Trading Plan: For now, I will wait for a possible upside correction, but I won’t rush in. If signs of a bottom emerge, I might catch a short-term bounce, with tight risk. 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:XAUUSDLong
by Mihai_Iacob
14
XAU/USD) bearish trand analysis Read The ChaptianSMC Trading point update Technical analysis of XAU/USD (Gold vs. USD) on the 4-hour timeframe suggests a bearish outlook. Here's a breakdown of the key elements: --- Key Levels: 1. Resistance Zone (Upper Yellow Block): Around 3,450–3,500. Price was previously rejected from this level, forming a double-top like structure. 2. Rejection Point (Mid-Level Zone): Near 3,300–3,310. Price repeatedly failed to break and hold above this zone, indicating strong selling pressure. 3. Support Zone / Demand Block (Lower Yellow Block): Around 3,100–3,125. This is the target area, labeled clearly as TARGET POINT: 3,116.501. --- Indicators: 200 EMA: Currently above the price, suggesting downward momentum. Acting as a dynamic resistance. RSI (14): Around 39, slightly above oversold territory (30). Indicates bearish pressure but not yet oversold — room for further downside. The chart suggests that if price breaks below the mid-level support, we could expect a move towards the support block around 3,116. The bearish wave projection drawn in the chart confirms the trader’s expectation of a drop. The setup appears to be a break-and-retest of the mid-zone, followed by continuation downward. Mr SMC Trading point --- Trading Idea Summary: Bias: Bearish Entry Trigger: Break below ~3,225–3,230 with confirmation Target: ~3,116 Invalidation/Stop: Close above 3,300–3,310 (rejection zone) Pales support boost 🚀 analysis follow)
OANDA:XAUUSDShort
by SMC-Trading-Point
10