Gold at Risk of Correction as Risk-On Sentiment Returns**Gold at Risk of Correction as Risk-On Sentiment Returns**
Gold is showing signs of weakness after an extended rally, with technical indicators now pointing toward a potential correction. The metal, currently hovering around the 3275 USD level, faces a critical test—if this key daily support breaks, a deeper slide may unfold.
After months of rising prices driven by safe-haven demand, the shift in market tone could weigh on gold. Risk-on sentiment is creeping back in, helping equities while reducing demand for defensive assets like gold. This environment may cause gold to lose some of its recent shine.
Momentum indicators on the daily chart are starting to roll over, and RSI has turned lower from overbought territory. A break below 3275 could open the door to a retest of the 3200–3220 zone.
Additionally, stronger economic data and less dovish central bank talk may reduce the need for gold as a hedge. Real yields have also stabilized, which could further weaken gold’s appeal.
Unless gold manages to reclaim bullish momentum quickly, traders should prepare for a possible trend change. For now, caution is warranted. A close below key support could confirm a short-term reversal and attract further selling pressure.
GOLDCFD trade ideas
GOLD Is Very Bearish! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 45m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 3,304.80.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 3,261.30 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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**Gold (XAUUSD) 4H Timeframe Analysis**📌 **Idea Overview:**
Gold is currently near a key **support area** (highlighted as "Supply Area") where the price has previously reversed upward. This zone may act as a foundation for a potential upward move.
🔍 **Key Observations:**
- The price has dropped into the **Supply Area**, which has shown strength in the past.
- The chart shows a possible upward movement from this zone, aiming for the **R.S level** (resistance zone), where price was previously rejected.
- A clear path is outlined, suggesting a gradual recovery with healthy pullbacks along the way.
📈 **Expectation:**
If this zone holds strong, we could see a bullish move towards the R.S area, as shown by the projection arrow. This setup offers a nice **risk-to-reward** structure with a logical pathway.
✅ **Conclusion:**
This idea is based on price reacting to a previous strong zone. If price respects this level again, it could build momentum for a move higher.
Gold opens higherGold price rose rapidly after opening. The MACD indicator fast and slow lines showed signs of intersection, forming a golden cross. In terms of news, India and Pakistan had a conflict, which led to the rise of gold and became one of the safe-haven economies. Today's gold recommendation: mainly long; focus on the upper resistance level of 3375.
GOLD (XAUUSD): Classic Trend-Following Pattern
Gold closed on Thursday, forming a bullish flag pattern
on an hourly time frame.
The flag reflects a correction that the market started after a completion
of a strong bullish wave.
A breakout of its resistance line and a candle close above will signify
a highly probable resumption of the trend.
With a high probability, the price will move up at least to a current ATH.
(Remember that the price may respect a trend line one or several times more
and a correction can be more extended, that is why we rely on a breakout of a reliable trigger).
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One Step Ahead of the MarketHey guys and girls,
Look at this chart, Do you see what I see? (we are heading into a bear market).
(RSI= 86, kiss of Death) a chart is worth a thousand words!
Technical Section (a top is in place- ABC bear market):
Wave 1 = $ 850
Wave 3 = $ 1650
Wave 3 > 1.618 x length of Wave 1----> Wave 5 (Max) = 2.618 x length of Wave 1 (Target = $ 3300)
Fundamental (Bearish):
Let's look at the reasons:
a- Trump's trade war is over; as a result, there is no strong overriding trend.
b- Federal Reserve holds interest rates steady
Conclusion:
The trend is losing momentum and a top is in place.
Target = $ 2700
Invalidation level = $ 4170
Gold price heading below 3300⭐️GOLDEN INFORMATION:
Federal Reserve (Fed) officials have signaled openness to potential interest rate cuts, a stance that could limit further upside in the US Dollar (USD) and lend support to the non-yielding Gold price. Additionally, growing concerns over the economic repercussions of President Donald Trump’s aggressive tariff measures, combined with ongoing geopolitical instability, continue to bolster the appeal of safe-haven assets. In this environment, the broader bias for gold remains tilted to the upside, urging caution for traders considering bold bearish positions.
⭐️Personal comments NOVA:
continue sideways, price range fluctuates around 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3382- 3384 SL 3389
TP1: $3370
TP2: $3360
TP3: $3350
🔥BUY GOLD zone: $3294 - $3292 SL $3287
TP1: $3300
TP2: $3310
TP3: $3320
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
Gold - Just Half Way To The Target!Gold ( TVC:GOLD ) still has a lot more upside potential:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months, we saw an almost incredible breakout rally of about +75% on Gold. However, looking at technicals, there is a quite high chance that Gold will actually rally even more and retest the next upper resistance trendline, which would mean another pump of about +75%.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
GOLD accumulate as the market lacks major fundamental impactSpot OANDA:XAUUSD moved significantly in early morning trading on Tuesday (April 29) and is currently trading at $3,315/oz, down 0.87% on the day at the time of writing.
OANDA:XAUUSD reversed losses on Monday and rebounded, having earlier dipped to around $3,268. The US Dollar (Dxy) fell broadly on Monday, supporting gold as investors cautiously awaited more news on US trade policy and braced for a week of in-depth economic data that could provide early indications of whether US President Trump’s trade war is having an impact.
The U.S. Dollar Index TVC:DXY fell 0.7% on Monday to close at 98.91, its lowest close in four trading days. The DXY has fallen 4.89% in April and is set to post its biggest monthly decline since July last year as Trump has shaken confidence in the reliability of U.S. assets.
A majority of economists polled by Reuters see a high risk of a global recession this year, with many saying that U.S. President Donald Trump’s tariffs have hurt business confidence. Bessant said on Monday that major U.S. trading partners have made “very good” proposals to avoid U.S. tariffs and one of the first deals to be signed would likely be with India.
Fed officials, including Chairman Jerome Powell, have said they are ready to cut rates if risks to economic growth become clear. But most officials appear to want to determine the impact of Trump’s tariffs on real economic indicators like inflation and employment before taking action.
This week, the US will also release first-quarter GDP data and the Fed's preferred inflation measure, core PCE, while Europe will also release preliminary GDP and inflation data.
Investors are also awaiting the US April jobs report on Friday, which is expected to show that employment is still growing, albeit at a much slower pace than a month ago.
Investors will also pay attention to the US JOLT jobs data for March and the second round of US-Japan tariff talks, due out today.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold continues to move sideways as there is no fundamental impact big enough to break the structure to create a short-term trend. But in terms of position, gold is currently likely to decline as the RSI is pointing down quite far from 50, 50 in this case acts as the nearest target support indicating that there is still room for downside ahead in the short term.
However, in the overall picture, gold is still trending up mainly due to supporting factors such as the trending price channel as the main trend, the main support from EMA21 and as long as gold is above EMA21, in/above the price channel, it is still in the main uptrend, the declines should only be considered as short-term corrections or a buying opportunity.
During the day, gold is expected to accumulate with the main uptrend, the notable positions will be listed as follows.
Support: 3,292 – 3,267 – 3,245 USD
Resistance: 3,371 USD
SELL XAUUSD PRICE 3382 - 3380⚡️
↠↠ Stop Loss 3386
→Take Profit 1 3374
↨
→Take Profit 2 3368
BUY XAUUSD PRICE 3287 - 3289⚡️
↠↠ Stop Loss 3283
→Take Profit 1 3295
↨
→Take Profit 2 3301
Gold Trade Plan 22/04/2025Dear Traders,
it seems wave 3 Completed (3500) , And we will have Small correction for Wave 4 ,
Reversal Area :3407-3410
Reversal Area : 3350-3360
If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza
GOLD: A Complex Market OutlookGOLD: A Complex Market Outlook
Gold may continue rising with the dominant trend, but the situation isn’t straightforward—it’s more intricate than it appears.
So far, gold has found strong support around 3284.50. If this level holds, the price could climb further, as discussed in the video. However, if gold breaks below 3284.50, it could signal further downside.
With multiple possibilities in play, it’s up to you to decide how to position yourself. The market is presenting a more complex picture than it seems at first glance.
You may watch the analysis for further details!
Thank you!
Previous analysis:
Gold - 7000 USD by 2027 (must see, sell here!)Gold is extremely bullish, but nothing lasts forever. To trade gold profitably, you need to always trade with a trend. Clearly the trend is bullish, so we want to open only long positions and avoid short positions to increase the probability of success, and it doesn't matter if you are an intraday or swing trader. When can this huge uptrend end?
The price of gold is inside this huge ascending parallel channel on the monthly chart. This channel has a total of 5 touches, and we are waiting for the 6th touch to take action. I made a calculation, and gold will hit the top of the channel at around 7000 USD in around 2027. This channel is on the LOG scale, so to draw it, you need to switch from linear to LOG. This ascending channel started in 1993 and currently has 32 years!
From the Elliott Wave perspective, we are in wave 3, so expect a wave 4 pullback, probably this or next year. This upcoming pullback will drop the price by 20% to 30% based on historical data. But right now I am very bullish and expect much higher prices!
Please let me know in the comment section what your ultimate profit target for gold is. Are you also bullish? Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Hanzo | Gold15 min Breaks – Will Confirm the Next Move🆚 Gold – Hanzo’s Strike Setup
🔥 Timeframe: 15-Minute (15M)
——————
💯 Main Focus: Bullish Breakout at 3360
We are watching this zone closely.
💯 Main Focus: Bearish Breakout at 3314
We are watching this zone closely.
📌 If price breaks with high volume, it confirms Smart Money is in control, and a strong move may follow.
———
Analysis
👌 Market Signs (15M TF):
• Liquidity Grab + CHoCH at 3361
• Liquidity Grab + CHoCH at 3266
• Strong Rejections seen at:
➗ 3270 – Major support / Key level
➗ 3360 – Proven resistance
🩸 Key Zones to Watch:
• 3316 – 🔥 Bullish breakout level X 7 Swing Retest
• 3360 – Strong resistance (tested 5 times)
• 3270 – Equal lows
• 3360 – Equal highs
Is gold rising or falling?In 1 hour, after gold price fell below the two key positions of 3356 and 3285 today, the support moved down to around 3245. Although there was a rebound in the US market, it is likely to go to the range of 3228 to 3245 before rebounding, so the support references are 3260 and 3245; the end of the market is bearish, and the steady operation is to enter short orders near 3320 to protect the area near 3330. Of course, you can enter short orders near 3310 to see if it can reach the range of 3260 to 3245. On the whole, today's short-term operation strategy for gold is mainly to short on rebounds, and to go long on pullbacks.
Short order strategy; short gold rebounds near 3313-3315 in batches, with a target of around 3280-3270, and a break to see the 3260 line;
Gold on a downswingTechnical analysis: Gold has formed one narrow and one wider Descending Channel on the Hourly 4 and Daily chart. Since Price-action broke below the #3,300.80 first Support with force (and comfortably Trading above it), the Hourly 4 chart’s reversal crossed into a Bearish territory, and with DX still on multi-Month downtrend (struggling to make Bullish comeback for more than #2-session horizon), Sellers re-appeared as Gold entered the Bearish formation, with #3,252.80 - #3,262.80 Support zone to monitor. On the other hand, Buying response was expected regardless as Price-action broken the Lower Bollinger bands line (last time such scenario occurred is on the February #27 fractal). As such any pullback towards the #3,300.80 benchmark and apparent rejection remains an additional Selling opportunity. Unless the strong Resistance gets invalidated (#3,300.80 Top of the Resistance zone), Bearish sentiment remains intact however personally, break of #3,252.80 benchmark Support could arise Medium-term Sellers which could fill #3,200.80 psychological barrier on Intra-day basis.
My position: Keep Selling every High's unless #3,300.80 benchmark gets invalidated and prepare for #3,262.80 Support test in extension.
No Guessing. No Praying. Just Precision — Smart Money Moves Only📆 XAUUSD Daily Plan – April 29, 2025
🔥 Macro & Market Context:
Gold continues its tactical chess game between premium supply traps and reactive support zones.
Price is currently hovering around 3342, teasing a breakout or another trap inside the 3340–3355 resistance block.
Tomorrow we also have important USD news: 🔵 CB Consumer Confidence
🔵 JOLTS Job Openings
Expect potential volatility during NY session — stay adaptive, not predictive.
🎯 Bias Overview:
HTF Bias (H4–Daily): Bullish (Higher Highs and Higher Lows structure still intact)
LTF Flow (M15–H1): Corrective bullish retrace inside HTF uptrend
📍 Key Levels to Watch:
🔺 Resistance Zones:
3340–3355 → Minor Premium Resistance (currently being tested)
3372–3376 → Strong Trap Sell Zone (next immediate target above)
3380–3390 → Major Liquidity Pool (big decision area if price pumps further)
🔻 Support Zones:
3284–3288 → Intraday Demand + Bounce Zone
3233–3237 → HTF Major Reversal Demand
🎯 Refined Sniper Zones:
🟩 Buy Zone #1: 3284–3288
(H1 demand cluster + previous clean reaction)
🟩 Buy Zone #2: 3233–3237
(Deep HTF OB + untapped liquidity anchor)
🟥 Sell Zone #1: 3372–3376
(M15–H1 OB + liquidity trap setup)
🟥 Sell Zone #2: 3380–3390
(Premium supply and major liquidity sweep)
👀 Eyes On:
Reaction at 3372–3390: Weak rejections = tactical sell opportunities.
Respect for 3284–3288: Bullish continuation if defended strongly.
Violation below 3230: HTF momentum shift possible toward deeper discount.
📢 Final Message:
Gold’s setting traps for both bulls and bears — but we’re hunting precision, not chaos. 🏹
Patience = Power.
Confirmation = Survival.
🔥 Trading Focus Tip:
"First wicks grab liquidity. First breakouts fool emotions.
We wait for the second reaction — that's where the sniper eats."
If this map helps you stay focused, smash that ❤️ and follow, drop your thoughts below, and let's trade the smart flow together! 🚀✨
Hanzo | Gold15 min Retest – Confirm the Next Move🆚 Gold – Hanzo’s Strike Setup
🔥 Timeframe: 15-Minute (15M)
——————
💯 Main Focus: Bullish Breakout at 3327
We are watching this zone closely.
💯 Main Focus: Bearish Breakout at 3300
We are watching this zone closely.
📌 If price breaks with high volume, it confirms Smart Money is in control, and a strong move may follow.
———
Analysis
👌 Market Signs (15M TF):
• Liquidity Grab + CHoCH at 3361
• Liquidity Grab + CHoCH at 3336
• Strong Rejections seen at:
➗ 3270 – Major support / Key level
➗ 3300 – Proven resistance
🩸 Key Zones to Watch:
• 3300 – 🔥 Bullish breakout level X 3 Swing Retest
• 3345 – Strong resistance (tested 5 times)
• 3270 – Equal lows
• 3370 – Equal highs
GOLD (XAUUSD): Market Outlook & Short Update
Regarding Gold.
I received multiple requests to provide the update after
the price bounced to a target level, as I predicted earlier on Sunday.
At the moment, we see a perfect example of a consolidation.
The price is trading within a horizontal parallel channel - range.
As always, the market will most likely continue staying within that till the release
of important high impact news.
The closest ones we can find in the economic calendar.
Tomorrow we are expecting US GDP and Personal Spending Data.
For now, probabilities will be high that a consolidation will continue.
Consider looking for trading opportunities from the boundaries of the range.
After a news release, a breakout of the range will provide a strong confirmation
and accurately indicate the future direction of the market.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold rangingTechnical analysis: Gold naturally found Buyers as Buying pressure is evident on the charts from DX on Selling sequence and #3,262.80 Support preserved. It is important to note that #3,352.80 benchmark represents next Resistance zone, which was near Weekly (#1W) High’s as Price-action could find strong rejection there (as it did throughout Asian session) and deny the Buying response in extension. If broken, Price-action will be calling for #3,362.80 - #3,372.80 Resistance extension which may represent the local Top's for now and for current fractal. I will engage my orders accordingly and wait for suitable entry even though I have closed my Selling order on #3,288.80 ahead of the final push above the Resistance. However, Gold re-tested and was again rejected on the Hourly 4 chart’s Support keeping the Bullish bias alive. The Engulfing candle Bearish reversal candle on Hourly 1 chart succeeded at rejecting the Price-action and catching already the #32% Fibonacci level. I expect the last Daily chart’s candle to test again the #3,252.80 former Resistance now turned to Support when DX finds the Support zone and engages relief rally.
My position: I am currently Trading with caution as Fundamental side can deliver aggressive side Swing anytime, however I am taking excellent Scalp orders since Price-action is delivering optimal configuration to do so.