Gold Market Extends Decline Before Bullish SetupGold market further declines, sweeping through the 3120s after the earlier mitigation at 3177. This move completes a broader demand zone sweep, setting the stage for a bullish emancipation with an anticipated rebound toward 3195–3207. follow for more insights , comment and boost idea
GOLD trade ideas
XAUUSD Correction Phase May Present Upside PotentialOn the 1-hour timeframe, I estimate that XAUUSD is currently at the end of wave v of wave (c). This suggests that the recent correction is relatively limited, having already tested the 3096–3122 area. Going forward, XAUUSD has the potential to strengthen toward the 3192–3250 zone.
Is gold about to break $3200 support?Gold has been trending lower amid growing risk appetite with stocks surging higher.
With no big bearish catalyst in sight for stocks, the market mood is optimistic and that means the pressure on gold is growing for a drop. The big macro driver has been a thaw in US-China trade tensions. With tariff rollbacks on both sides and negotiations showing real progress, investors are getting more comfortable. What’s more, Tuesday’s softer-than-expected US inflation print added fuel to the fire — calming nerves that Trump's trade tariffs would trigger a fresh inflation wave.
So, for now, sellers are in control of defensive plays like gold and yen, while the tech sector, especially chipmakers, is the main beneficiary.
Gold could potentially break THIS key support area around $3200 after making lower highs and lower lows on the intra-day charts. While the long-term trend is still bullish, I wouldn't be surprised if the bearish momentum continued for a few more days.
The first downside target is at 3136, followed by 3073 and then - the big level - 3,000. Could we see a drop to these levels in the coming days?
By Fawad Razaqzada, market analyst with FOREX.com
Gold Bulls Extend Momentum — Targeting 3282
Gold has rebounded from support and is now approaching a resistance zone. The short-term bullish trend remains intact.
🎯 Trading Outlook:
Initial target: around 3282
If momentum continues, a breakout above 3300 is possible during tomorrow’s session
⚠️ Key Levels to Watch:
Resistance: 3272–3279
If price fails to break above this zone, it may retest support at 3256–3246
📌 Strategy:
Stay with buy-the-dip strategy as long as price remains below 3280. If broken, reassess based on bullish strength.
💬 Questions? Drop me a message and I’ll get back to you with personalized insights!
XAUUSD: Analysis and Signals for May 13Gold technical analysis
Daily chart resistance 3284, support below 3200-3167
Four-hour chart resistance 3284, support below 3200
One-hour chart resistance 3270, support below 3200
Gold operation suggestions: In the Asian market on Tuesday, spot gold fell to 3216 and continued to rise, eventually breaking through 3260 US dollars. From the current trend analysis, the support below focuses on the first-line support of the 3200 integer mark, and the upper pressure focuses on the one-hour level resistance 3270 and the four-hour level resistance 3284 near the suppression. The short-term long and short strength watershed 3284 first-line mark, before the daily level breaks through and stands on this position, continue to maintain the idea of rebound selling unchanged.
Today's CPI data, the volatility of the US market has increased, reduce the transaction size, set stop losses, and prevent unilateral market movements.
Sell: 3283near SL: 3288
Sell: 3270near SL: 3275
Today's gold trend analysis, go long in batches🗞News side:
1. China-US trade relations eased, suspending some tariffs and countermeasures
2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated
📈Technical aspects:
Since the US and China lowered some tariffs after the negotiation, the US dollar has recovered some of its losses, but gold has not completely recovered some of its losses. At present, the price of gold has once again retreated to near the 3260 line. Although the hourly level MACD indicator shows a golden cross, the daily level is still a dead cross and heavy volume.
Then in the short term, the gold price may show some counter-twitching momentum before the US dollar steps back to confirm support, or it may touch near the 3277 line. The gold price may fall further after the US dollar steps back to confirm the support. From a technical point of view, the upper daily resistance is near 3287, while the lower first-line support of 3200 is strong, and there is a tendency to form a double bottom. The European market can consider using 3250-40 US dollars as a support point, and the early trading low near 3220 as a defensive position. First, let's see the gold price continue to rebound to 3277-80-87, unless the European market weakens and breaks the Asian low, and then the US market adjusts. Temporarily, we will see a rebound correction.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
Shorts were active at the beginning of this week, and prices fel
📌 Gold driving factors
The joint statement of the Sino-US Geneva economic and trade talks has just been released. This development has hit the safe-haven demand for gold and has become the fuse for a new round of gold selling.
Coupled with the hawkish "holding back" of the Federal Reserve, the dollar has remained stable near its multi-week high and put pressure on gold. The trend of gold prices seems quite fragile.
📊Commentary analysis
The next resistance for gold prices is the static barrier of $3360-3365/ounce. If it can be decisively overcome, it will eliminate the recent bearish tendency and lay the foundation for gold prices to regain the $3400/ounce mark.
💰Strategy Package
⭐️Set Gold Price:
🔥Sell Gold Zone: 3315-3317 SL 3322
TP1: $3300
TP2: $3290
TP3: $3280
🔥Buy Gold Zone: $3223 - $3225 SL $3218
TP1: $3238
TP2: $3245
TP3: $3260
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
XAUUSD 30M CHART PATTERNThis chart displays a technical analysis pattern on the XAU/USD (Gold/US Dollar) 30-minute timeframe. Here's a breakdown:
Pattern Identified: This appears to be an inverse head and shoulders or a rounded bottom pattern, signaling a potential trend reversal from bearish to bullish.
Entry Point: Marked by the green arrow, indicating a potential buying opportunity.
Stop Loss: Placed slightly below the lowest point in the pattern to limit risk.
Take Profit: Set near the upper boundary of the pattern’s resistance zone.
Strategy Insight:
This setup suggests a bullish bias, expecting the price to rise after forming a rounded bottom and breaking the neckline (resistance). The trader aims to profit from this breakout.
Would you like help calculating the exact risk-to-reward ratio or backtesting this setup?
Gold continues to short despite rebound!Gold opened low and moved lower today, and then rebounded near the previous low. Now, at the four-hour level, a downward trend channel is formed from 3500 to 3440. The current support of gold price is near 3164. This is the condition that it can fall below the previous low of 3200 before continuing to push down. The middle track is at the early high of 3292. At present, the gold price is running between the middle and lower tracks of the channel, so 3292 can be used as a medium-term long-short watershed. The main idea is still to be bearish and downward. Secondly, pay attention to 3252, which is also a defensive position on the way down. The 1-hour moving average of gold continues to cross the downward short position. There is still room for downward movement. The strength of the short position is still there. The US market rebounded twice and fell back under pressure near 3248. Then the US market continued to be under pressure at 3248. The high-altitude short position is basically in place. The short-term focus on the upper side is 3248-3252 resistance, and the short-term focus on the lower side is 3200-3160 support.
Analysis of the latest gold trend on May 19:
Core logic analysis
Negative factors
The strengthening of the US dollar: the cooling of the Fed's interest rate cut expectations (the market is currently pricing in a 58 basis point rate cut by the end of the year, a significant reduction from April) suppresses the attractiveness of gold.
Risk appetite rebounds: The easing of Sino-US trade tensions weakens the demand for safe-haven assets, leading to long-term profit-taking.
Technical selling pressure: The weekly big negative line (a drop of nearly 4%) forms a short-term bearish trend, and we need to be vigilant about the risk of further correction.
Potential support
Long-term downward trend in real interest rates: If the Fed starts a rate cut cycle this year, gold will still have allocation value in the medium and long term.
Key technical support: There is long defense in the 3150-3140 area (daily line division and channel lower track), and if it stabilizes, it may trigger a rebound.
Key technical points
Upper resistance:
3210-3212 (anti-pressure point on Friday, May 16, which may confirm the short-term bottom after breaking through)
3230-3250 (strong resistance area, short orders can be considered when rebounding to this point).
Support below:
3170-3150 (core support area, if it falls below, it will look down to the previous low of 3120)
3140 (lower channel track, breaking may trigger an accelerated decline).
Operation strategy for next week
1. Trading in the shock range (high probability scenario)
Bull opportunity:
If it falls back to the 3150-3170 area and stabilizes (such as the K-line closes with a long lower shadow or the hourly chart diverges), go long with a light position, stop loss below 3140, and target 3210-3230.
Confirmation signal on the right: If the price stabilizes above 3212, you can follow up with a long order, with a target of 3250.
Short opportunity:
Rebound to 3230-3250 under pressure (if a stagflation pattern appears), go short, stop loss 3260, and target 3180-3150.
2. Breakthrough and follow-up strategy
Break above 3250: may start a new round of uptrend, follow up long orders when it falls back to 3230, target 3300.
Break below 3140: beware of deep correction, short at rebound 3160, target 3120-3100.
Risk warning
News disturbance:
If the speeches of Fed officials and US economic data (such as CPI and retail sales) strengthen the expectation of interest rate cuts, it may reverse the decline of gold.
The sudden escalation of the geopolitical situation (Russia-Ukraine conflict, etc.) will boost safe-haven buying.
Position management:
The current market is volatile, it is recommended to enter the market in batches with light positions and strictly stop losses (3-5 US dollars is appropriate).
Summary
Next week, gold is likely to fluctuate and bottom out in the range of 3150-3250, focusing on the gains and losses of 3150 support and 3212 breakthrough. Investors need to respond flexibly, avoid chasing ups and downs, and wait for key positions to be confirmed before trading in line with the trend. In the medium and long term, if the Fed's policy changes, gold still has upside potential, but it needs to digest technical selling pressure in the short term.
GOLD MARKET ANALYSIS AND COMMENTARY - [May 19 - May 23]During the week, OANDA:XAUUSD fluctuated strongly, falling from $3,292/oz to $3,120/oz and then recovering to $3,202/oz. The main reason was that the US and China reached a trade agreement, according to which the two sides agreed to significantly reduce tariffs from May 14, creating positive sentiment for the market.
This week’s gold sell-off was the steepest since mid-June 2021, even steeper than the drop after Donald Trump’s election victory in November 2024. President Trump said there are currently about 150 partners who want to negotiate trade with the US, but the US cannot handle them all at once. In the next 2-3 weeks, the US will announce the export tax rates that partners will have to pay when selling to the US market.
The Trump administration will impose specific tariffs on partners that have not yet negotiated with the US, at what level, has not been specifically announced. If the new tariffs remain as high as the initial list of reciprocal tariffs, there is a risk that many partners will retaliate, making the tariff war hotter, pushing gold prices up sharply. On the contrary, if the new tariffs are much lower than the initially announced tariffs, gold prices may only increase moderately, then continue to adjust.
After the recent sharp sell-off, profit-taking sentiment is still dominating the market. However, safe-haven demand remains strong due to geopolitical tensions that have not yet ended and concerns about a global economic recession.
📌The gold price trend next week is likely to fluctuate in the range of 3,055 - 3,270 USD/ounce, with a slight decrease scenario being preferred due to profit-taking pressure and the potential recovery of the USD. However, if there is a positive signal from the Fed policy or increased geopolitical instability, the gold price may recover to the range of 3,260 - 3,270 USD/ounce. Investors need to closely monitor economic data and geopolitical fluctuations to make appropriate decisions.
Notable technical levels are listed below.
Support: 3,162 – 3,100 USD
Resistance: 3,228 – 3,250 – 3,292 USD
SELL XAUUSD PRICE 3271 - 3269⚡️
↠↠ Stop Loss 3275
BUY XAUUSD PRICE 3054 - 3056⚡️
↠↠ Stop Loss 3050
GOLD (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis and
important supports & resistances for Gold for next week.
Support 1: 3120 - 3167 area
Support 2: 2957 - 2982 area
Resistance 1: 3193 - 3238 area
Resistance 2: 3427 - 3425 area
Resistance 3: 3483 - 3501 area
Consider these structures for pullback/breakout trading.
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GOLD WEEKLY FORECAST| Oliver | XAUUSD As In My Previous Idea I Have told you That Gold is Goinh to drop Below 3170, Same thing Happened Our idea Was successfull,
now Iam identifying That Untill Gold breaks Previous high 3265-68 It Can Drop Again .
And if you Have a Buy from Bottom You Can hold your buy till 3250 zone,
you Can take Sell Trade From 3265-68 After M1 MSS Confirmation (MSS Means Market Structure shift) If Gold Gives You Candle +Mss Confimation Then you Can Take sell Trade And Target will be Below 3154 .
Do Your Own Research As well, Dont forget That parience ,Diciplane Is the key Of success,
Upward pullbackGold has been facing selling pressure all week, but may have found some bullish growth heading into the coming week. The commodity managed to find bullish pressure (potentially) from the 3154 zone, which was previously resistance, turning into support. This may lead to an upward move to the nearby resistance at 3250. If the upward pressure stabilises above 3250, price action may continue to grow. Conversely, if price action stabilises under the 3250 barrier, a bearish outlook may be favourable.
Gold Slides Toward $3,220Gold fell to approximately $3,220 per ounce, on track for a weekly loss of more than 3% as appetite for the precious metal diminished with easing global trade tensions. The 90-day tariff truce between the U.S. and China reduced fears of a drawn-out trade war, while geopolitical concerns also eased with a stable India-Pakistan ceasefire.
Talks between Russia and Ukraine are losing momentum. Although soft U.S. inflation data has reinforced expectations for at least two Federal Reserve rate cuts this year, Fed Chair Powell cautioned that future inflation may be volatile due to persistent supply shocks.
Key support is located at $3,120, followed by $3,030 and $2,956. Resistance levels are seen at $3,250, then $3,300 and $3,350.
Falling wedge channel target 3100XAUUSD H1& H4 Timeframe .
Market was moving on Falling wedge channel however we have seen the impulsive move towards 3130 which was my target mentioned in previous commantary.
- 3170-3180 is the structural support if the H4 candle closes below then ready for the bearish trend towards 3120again then 3100 milestone. Again im expecting the bearish trades towards 3100.
- Secondly above 3180-3185 we could assume the this channel is broken and Market is on buying towards 3220.