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GOLDCFD trade ideas

The correction is quite surprise. What direction for GOLD price?✏️Quite surprised with the adjustment of gold at the end of the previous trading week. The rising price channel is still holding around the lower border of the price channel around 3316. A liquidity sweep and candle wick removal in this area is considered a good buying opportunity. If h1 closes below this border, limit trading BUY signals until the bottom support of 3286. When the price can close the candle below 3316, gold will trade in a wide range and there is no main trend dominating the market. 📉 Key Levels Support: 3316-3286 Resistance: 3372-3400-3418 Buy trigger: Reject and Trading above 3316 BUY DCA Break 3372 Target: 3400 SELL Trigger: Break bellow and Retest 3416 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDLong
by VHT_Trader
37
GOLD ROUTE MAP UPDATEHey Everyone, Quick follow up on our 1H chart route map: We had the break below 3305 Goldturn, opening and hitting the 1st level of the swing range at 3289, which did exactly what it says on the tin and gave us the perfect swing bounce into 3305. We are now looking for support above the swing range and a break above 3305 to track the movement up or further retest and break below the 1st level of the swing range may open the the 2nd level at 3267. Ema5 cross and lock will confirm this. From here, we’re watching for: Support to hold above the swing range, followed by a clean break above 3305, which would suggest upward continuation. Alternatively, if we retest and break below 3289, that opens the path toward the second level of the swing range at 3267. 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 3348 EMA5 CROSS AND LOCK ABOVE 3348 WILL OPEN THE FOLLOWING BULLISH TARGETS 3369 EMA5 CROSS AND LOCK ABOVE 3369 WILL OPEN THE FOLLOWING BULLISH TARGET 3397 EMA5 CROSS AND LOCK ABOVE 3397 WILL OPEN THE FOLLOWING BULLISH TARGET 3422 BEARISH TARGETS 3328 - DONE EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET 3305 - DONE EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE 3289 - DONE 3267 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
13
GOLD ROUTE MAP UPDATEHey Everyone, Quick follow up on our 1H chart route map: What can I say.....pure perfection on our chart analysis as everything played out exactly as expected. Yesterday, we identified the first level of the swing range at 3289, which delivered a clean full swing into 3305. Today, we hit Level 2 of the swing range at 3267, and once again, it played out flawlessly with another full swing up to 3305. A perfect finish to the day. Great work all around! We are now looking for support above the swing range and a break above 3305 to track the movement up or further retest and break below the 1st level of the swing range may open the the 2nd level at 3267 again. 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 3348 EMA5 CROSS AND LOCK ABOVE 3348 WILL OPEN THE FOLLOWING BULLISH TARGETS 3369 EMA5 CROSS AND LOCK ABOVE 3369 WILL OPEN THE FOLLOWING BULLISH TARGET 3397 EMA5 CROSS AND LOCK ABOVE 3397 WILL OPEN THE FOLLOWING BULLISH TARGET 3422 BEARISH TARGETS 3328 - DONE EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET 3305 - DONE EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE 3289 - DONE 3267 - DONE 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
14
XAUUSD Update – Down Continuation to 3250?1. What Happened Yesterday After an anemic correction that formed a bearish flag, Gold finally broke below 3300 and even dipped under the 3280 support zone — which was my primary downside target. While the move during the day didn’t have enough momentum to reach my second sell limit, I was already in a low-volume short position, so I didn’t miss the move entirely. 2. The Key Question Has the drop ended, or are we looking at further downside? 3. Why I Expect More Downside • The overall structure remains bearish. • The newly formed resistance (previous support) is now the new sell zone. • If the price drops towards 3280 again, continuation to 3250 becomes very probable. 4. Trading Plan Selling rallies remains the preferred strategy, especially on spikes into resistance. As long as the price stays below 3335-3340 zone, the bearish outlook remains intact. 5. Conclusion Sell the rallies. The technical picture still favors downside continuation — no need to overcomplicate it. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
18
GOLD ROUTE MAP UPDATEHey Everyone, Following yesterday’s move into the 3305 retracement range, we got the expected reaction without an EMA5 lock, which further confirmed the rejection from that level and led to a clean bounce into 3228 just like we analysed. From here, we anticipate price to range between 3328 and 3305. EMA5 cross and lock above 3328 or below 3305 will be key to confirming the next directional move. We’ll continue to monitor for that confirmation and adjust accordingly. 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 3348 EMA5 CROSS AND LOCK ABOVE 3348 WILL OPEN THE FOLLOWING BULLISH TARGETS 3369 EMA5 CROSS AND LOCK ABOVE 3369 WILL OPEN THE FOLLOWING BULLISH TARGET 3397 EMA5 CROSS AND LOCK ABOVE 3397 WILL OPEN THE FOLLOWING BULLISH TARGET 3422 BEARISH TARGETS 3328 - DONE EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET 3305 - DONE EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE 3289 3267 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
14
GOLD DAILY CHART ROUTE MAPHey Everyone, Daily Chart Update – Bounce + Rejection: Structure Still Dominates Just a quick follow up on our range structure, we got exactly what we were anticipating. Price gave us the perfect bounce off 3272, launching into 3433 for THE test of resistance. That move delivered another clean 160+ pip rotation, once again showing how laser accurate the structure has been. As expected, 3433 held as resistance, and the lack of a break and hold above confirms another clean rejection. The range between 3272 support and 3433 resistance remains firmly in play, and structure continues to govern price action to the pip. Here’s where we are now: 🔹 Range Still Active Price continues to rotate inside our 3272–3433 box. Until we see a clean break and close beyond either boundary, we’ll keep playing the range. 🔹 No Breakout = No Change The failure to break and lock above 3433 confirms rejection. We’re still looking for EMA5 lock for potential breakout confirmation, until then, range trades rule. 🔹 Precision Holds Both 3272 and 3433 have now been tested and held perfectly. The respect these levels continue to show reaffirms their importance in our roadmap. Updated Key Levels 📉 Support – 3272 Continues to act as a major pivot. Valid long entries remain on dips into this zone, unless a breakdown occurs. 📈 Resistance – 3433 Now officially tested and confirmed. Watching closely for any future breakout attempts or another rotation lower. Thanks again for all the amazing support. Sticking to the plan, trading the structure, and staying disciplined. Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
Hellena | GOLD (4H): LONG to area of 3370 (Wave 2).Colleagues, gold is once again disrupting our plans, and I have to revise the wave marking. It's not easy, but the most important thing is to keep doing it. Now I'm back to the previous marking — the price is in wave “2” correction. To complete this wave, the price needs to overcome the level of wave “W” of the middle order 3246.82. Then the correction will be completed and wave “3” will begin an upward movement. I see the minimum target in the area of the 3370 level. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
14
GOLD → The market is waiting for NFP. What could happen?FX:XAUUSD is bouncing off resistance at 3310, confirming the upper limit of the new trading range. The dollar continues to rally, but the market as a whole is stagnating ahead of upcoming news—NFP is coming up! Gold is consolidating at monthly lows around $3268, awaiting key US labor market data (NFP). Trump's new tariffs (10% globally, 35% for Canada, 39% for Switzerland) have boosted demand for the dollar, putting pressure on gold. Markets are waiting for NFP: forecast +110K jobs, unemployment 4.2%. Weak data (<100K) → gold may rise to $3400. Strong (>150K) → the dollar will strengthen, gold will continue to fall. The probability of a Fed rate cut in September is <50%. Based on yesterday's data, I would cautiously suggest that NFP will be in the range of 125K–145K, slightly above the consensus (110K). This will play into Trump's hands (I think you understand what I mean...). Resistance levels: 3300, 3310, 3320 Support levels: 3287, 3268, 3255 The news has a negative nuance — unpredictability. Be careful. Technically, based on the data we have at the moment, I would assume that the market may test resistance at 3300-3310 before a possible pullback to the specified support. BUT! Unpredictable data could turn the game around, and in that case, if the dollar falls, gold could start to rise. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
18
THE KOG REPORT - UpdateEnd of FOMC Update: Thank you. RED BOX TARGETS: Break above 3335 for 3338, 3340, 3345, 3347 and 3357 in extension of the move Break below 3320 for 3310✅, 3306✅, 3302✅, 3297✅ and 3393✅ in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
23
GOLD ROUTE MAP UPDATEHey Everyone, Please see update on our 1H chart route map. Gold continued its bearish momentum into today, hitting our bearish target at 3238, while leaving the 3348 bullish gap still open. After a break below 3328, price followed through and hit 3305, entering our key retracement range, which gave the bounce to manage any premature positions on the top. We’re now watching closely for a reaction at this level. A clean EMA5 cross and lock below 3305 will open the path toward the swing range. However, failure to lock below this level could trigger a bounce from here. This is a pivotal area for the next directional move. 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 3348 EMA5 CROSS AND LOCK ABOVE 3348 WILL OPEN THE FOLLOWING BULLISH TARGETS 3369 EMA5 CROSS AND LOCK ABOVE 3369 WILL OPEN THE FOLLOWING BULLISH TARGET 3397 EMA5 CROSS AND LOCK ABOVE 3397 WILL OPEN THE FOLLOWING BULLISH TARGET 3422 BEARISH TARGETS 3328 - DONE EMA5 CROSS AND LOCK BELOW 3328 WILL OPEN THE FOLLOWING BEARISH TARGET 3305 - DONE EMA5 CROSS AND LOCK BELOW 3305 WILL OPEN THE SWING RANGE 3289 3267 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
19
XAUUSD under pressure – Is the downtrend just beginning?Hello everyone! What do you think about XAUUSD right now? Yesterday, XAUUSD extended its decline and is currently trading around 3,315 USD. The recent drop in gold prices was mainly triggered by a stronger US dollar, following a trade agreement between the US and the European Union (EU). From a technical perspective, the short-term outlook shows the beginning of a new downtrend. Notably, we see a bearish crossover in the EMA 34 and 89, along with a break of the previous upward trendline—both reinforcing the current bearish momentum. If there’s a pullback before the next leg down, the 0.5–0.618 Fibonacci retracement zone (which also aligns with resistance and the EMAs) will be a key area to watch. This could be an ideal level for potential trade setups. Looking ahead, the next support target is around 3,300 USD. If that level breaks, gold might aim for the 32XX region. Do you think XAUUSD will continue to fall? Drop your thoughts in the comments! Wishing you successful and profitable trades!
OANDA:XAUUSDShort
by Kevinn_Nguyen
26
HelenP. I After correction to support level, Gold start to growHi folks today I'm prepared for you Gold analytics. An examination of the chart highlights a well-established long-term uptrend, with the bullish structure being clearly defined by a major ascending trend line that has consistently provided dynamic support. Currently, the price is undergoing a healthy correction after being rejected from the major resistance zone around 3430. This pullback is now guiding the price towards a critical confluence of support, where the aforementioned ascending trend line intersects with a strong horizontal support zone at 3305 - 3285. My analysis for a long position is based on the high probability of a bullish reaction from this key area. I believe that as the price enters this support confluence, it will be met with strong buying pressure, as it represents a logical point for buyers to defend the trend. A confirmed bounce from this zone, demonstrated by a rejection of lower prices, would be the main condition to validate the continuation of the uptrend. Therefore, the primary goal for the subsequent rally is set at the 3430 resistance level, as a retest of the recent high is the most logical objective following a successful defense of the trend. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by FirstNameHelen
11
XAUUSD – Bears in Control, but Watch for a Rebound FirstYesterday, after a small bounce from the ascending trendline, Gold broke down and printed an intraday low around $3300. Right now, the market appears bear-dominated, and further downside continuation is likely in the coming days. ________________________________________ 📉 But there’s a catch: From last week's top, Gold has dropped over 1400 pips without any meaningful correction. That opens the door for a possible short-term rebound, which could be just a setup for new short entries. ________________________________________ 📌 Key levels to watch: • First resistance: $3350 • Major resistance: $3375 – Only a daily close above this level would shift control back to the bulls 🎯 Until then, any bounce is an opportunity to sell into strength. A break below $3300 opens the path to $3280, with a likely extension toward $3250. ________________________________________ Conclusion: The trend is bearish, but don’t chase. Wait for a corrective rally, then look to sell the rip—unless bulls reclaim $3375, it’s still a bear market. Let’s see if Gold gives us the setup. 🎯 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
19
Gold Breakdown Hints at Continued Bearish MomentumThe XAUUSD chart on the 4-hour timeframe reflects a bearish sentiment, as the price has broken below a key trendline and is now trading under the Ichimoku cloud. Multiple rejections from the same resistance area suggest strong selling pressure. The structure shows a consistent pattern of lower highs, indicating weakening bullish momentum. After breaking key support, the price made a retest of the broken zone and failed to reclaim it, confirming bearish continuation. The highlighted resistance area has proven to be a significant supply zone. As long as the price stays below this zone, the bearish outlook remains intact, and a downward move is likely in the coming sessions. Entry Sell: 3342 Target point: 3248 Stop Loss : 3362 If you found this analysis helpful, don’t forget to drop a like and comment . Your support keeps quality ideas flowing—let’s grow and win together! 💪📈
FOREXCOM:XAUUSDShort
by Trend_logic
9
Gold Rejected at 3315 – But Bulls Might Not Be Done Yet📌 What happened yesterday? During the Asian session, Gold printed a fresh local low at 3268, continuing the downtrend that already dropped over 1700 pips in just one week. However, that move quickly reversed, and we saw a natural corrective bounce. 📈 Resistance holds firm The correction took price back up into the 3310 zone, which acted as confluence resistance. After two taps into that area, price failed to sustain above 3300, indicating sellers are still active there. ❓ Is the upside correction over? I don't think so. The recent drop has been choppy, lacking the strong momentum of previous legs. This type of price action often signals that we are still within a correction, not in a clean continuation. 📊 What am I watching? I’m actively monitoring for: • Exhaustion signs on the downside • Upside reversal signals My plan is to open long trades only when I see confirmation, aiming for a move back toward the 3330 zone, which could act as resistance. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDLong
by Mihai_Iacob
18
Bearish pennant pattern active. Active SELL✏️Gold price is forming a triangle accumulation pattern. That shows the hesitation of investors at the moment, they may be waiting for important economic indicators of the US this week. Just an impact that makes Price break out of the triangle border can create a strong FOMO trend. The price line is quite similar to the bearish pennant pattern and heading towards really strong support areas. 📉 Key Levels SELL Trigger: Break bottom line 3324 Target 3285, lower is the 3250 area BUY Trigger: Break and trading above 3333 BUY Trigger: Rejection and confirmation of candle at 3285 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDShort
by VHT_Trader
28
Liquidity ≠ Volume: The Truth Most Traders Never Learn█ Liquidity ≠ Volume: The Truth Most Traders Never Learn Most traders obsess over volume bars, but volume is the footprint, not the path forward. If you’ve ever seen price explode with no volume or fail despite strong volume, you’ve witnessed liquidity in action. █ Here’s what you need to know ⚪ Volume Is Reactive — Liquidity Is Predictive Volume tells you what happened. Liquidity tells you what can happen. █ Scenario 1: Price Jumps on Low Volume ❝ A price can jump on low volume if no liquidity exists above.❞ ⚪ What’s happening? The order book is thin above the current price (i.e., few or no sellers). Even a small market buy order clears out available asks and pushes price up multiple levels. Volume is low, but the impact is high because there’s no resistance. ⚪ Implication: This is called a liquidity vacuum. It can happen before news, during rebalancing, before session openings, on illiquid instruments, or during off-hours. Traders often overestimate the strength of the move because they only see the candle, not the absence of offers behind it. █ Scenario 2: Move Fails on High Volume ❝ A move can fail on high volume if it runs into a wall of offers or bids.❞ ⚪ What’s happening? There’s a strong surge of aggressive buying or selling (high volume). But the order book has deep liquidity at that level — large resting limit orders. The aggressive traders can’t chew through the liquidity wall, and price stalls or reverses. ⚪ Implication: This is called liquidity absorption. Market makers or institutions may intentionally absorb flow to stop a breakout. Many retail traders mistake this for “fakeouts,” but it’s really liquidity defending a level. ⚪ What the Research Says Cont, Stoikov, Talreja (2014): Price responds more to order book imbalance than trade volume. Bouchaud et al. (2009): Liquidity gaps, not trade size, are what truly move markets. Hasbrouck (1991): Trades only impact price if they consume liquidity. Institutions don’t chase candles — they model depth, imbalance, and liquidity resilience. ⚪ Where the Alpha Lives Liquidity tells you where the market is weak, strong, or vulnerable — before price moves. Fakeouts happen in thin books. Reversals occur at hidden walls of liquidity. Breakouts sustain when liquidity follows the price, not pulls away. If you understand this, you can: Enter before volume shows up Avoid chasing dead breakouts Fade failed moves into empty space █ Final Truth Volume is the echo. Liquidity is the terrain. Alpha is in reading the terrain. You want to study the structure, because price moves toward weakness and away from strength. Learn to see where liquidity is, or where it’s missing, and you’ll see trading with new eyes. ----------------- 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.
OANDA:XAUUSDEducation
by Zeiierman
60
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 3354 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 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 3354 EMA5 CROSS AND LOCK ABOVE 3354 WILL OPEN THE FOLLOWING BULLISH TARGETS 3424 EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET 3499 EMA5 CROSS AND LOCK ABOVE 3499 WILL OPEN THE FOLLOWING BULLISH TARGET 3561 BEARISH TARGETS 3297 EMA5 CROSS AND LOCK BELOW 3297 WILL OPEN THE SWING RANGE 3236 3171 EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE 3089 3001 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
7
Gold's Strong Moves: Will the Bears Take Over?Hello everyone, Kevinn here! Today, gold continues to experience significant fluctuations in the new week, with XAU/USD currently hovering around 3,325 USD. Amid the strong rise of the USD, the gold market has seen a sharp adjustment. However, the medium-term trend still seems to favor the bears. The main reason for the turbulence in gold prices is the strengthening of the U.S. dollar, following strong economic news from the U.S. that points to a clear recovery. The stronger USD has made gold more expensive for international investors. Additionally, the market is awaiting further moves from the Fed regarding interest rate policies, which is limiting the flow of capital into gold. Looking at the technical chart, we can see that although gold has shown a slight uptick, bearish pressures are still lurking. Indicators and patterns suggest that gold may break its rising price channel, with a high likelihood of further declines. The next support level could be around 3,310 USD, and if broken, gold may continue to fall toward 3,300 USD or lower. Based on the signals from the chart, ENTRY 1 strategy would be to sell when the price breaks the upward channel. Additionally, if the price pulls back to the upper limit zone, ENTRY 2 could present another potential selling point. For today's strategy, I expect gold to decrease. What do you think? Share your thoughts in the comments!
OANDA:XAUUSDShort
by Kevinn_Nguyen
18
DeGRAM | GOLD reached the $3300 level📊 Technical Analysis ● XAUUSD remains capped below a broken trendline retest near 3,355, while price forms a lower-high inside a descending channel. ● The repeated rejection of the 3,357.83 resistance level, coupled with failed bullish continuation, points to renewed downside toward 3,300 and 3,262. 💡 Fundamental Analysis ● A rebound in the DXY after strong US consumer sentiment and pending home sales adds pressure to gold, reaffirming real-yield strength. ● Traders are reducing long exposure ahead of upcoming NFP data and Powell’s next statement, shifting bias away from risk hedges. ✨ Summary Short bias below 3,355. Break under 3,320 eyes 3,300 → 3,262. Key breakdown risk if lower trendline fails. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDShort
by DeGRAM
12