GOLD (XAUUSD, 1H) Double Bottom & Continuation to Lower FibsOn the 1-hour chart, gold attempted to form a double bottom structure, which initially showed bullish potential. However, the price action quickly reversed near resistance, failing to sustain above key EMAs and trendline zones. This invalidates the reversal attempt and reaffirms the current bearish structure within the descending channel.
The price is now trading back below broken support and heading towards deeper Fibonacci retracement levels, with visible supply pressure and repeated failure to hold any bullish breakout. Volume has shifted lower on rallies, confirming weak buyer commitment.
Downside targets (Fibonacci structure):
– $3251 – 0.382 retracement
– $3221 – 0.618 retracement (primary structural support)
– $3165 – 0.786 extension zone (final support before breakdown scenario)
The descending wedge remains valid. Unless the market reclaims $3305–$3334 with strong confirmation, the corrective leg toward the lower support zones is likely to continue. A clean break below $3220 would open the door for a move toward the $3160s.
The failed double bottom setup confirms bearish continuation. Structure, volume, and trendlines all align with a move lower. Watch for reactions at $3221 and $3165 as critical levels.
USCGC trade ideas
Head and Shoulder pattern XAUUSD GOLD Update | H4 Timeframe 🙌
We have been observed that in H4 Timeframe market is creating a proper Head and Shoulder pattern ❗️
We have been set our trendline which is indicated that previous h4 rejected that area and try to push himself from that point
We also set our observation area at point
If market break our trendline area then expected 3280 further 3260.00 would be last trigger point
On the otherhand if market can not break the trendline we are expecting near our Resistance area at 3348.00 ❗️
#XAUUSD
Gold prices staged a "roller coaster" market, and the trade war In the early Asian session, spot gold showed a trend of rising and falling. The gold price reached a high of US$3370.58/ounce and then fell back to around the 3350 mark for consolidation. After experiencing a sharp drop of nearly 3%, the gold price ushered in a strong rebound, with a single-day increase of 1.83%, and finally closed at US$3348.50. This wave of rebound was mainly driven by the weakness of the US dollar and the entry of market bottom-fishing funds.
The trade deadlock fell into a "Rashomon", and the rebound of the US dollar was blocked
The current gold market is caught in a fierce game of long and short factors. The Asian power issued a solemn statement, emphasizing that if the US side really wants to solve the problem, all unilateral tariffs should be canceled immediately. This statement is in sharp contrast to the "negotiation signal" recently released by the White House, making the trade outlook more confusing.
Affected by this, the US dollar index fell 0.61% to 99.29, while gold received strong support from safe-haven buying.
Quaid believes that the gap between the positions of the United States and China on trade issues is as huge as the Pacific Ocean, and this uncertainty will continue to affect the market trend. The US dollar rebounded but was blocked. Although Trump's attitude eased and it strengthened briefly in the early stage, it showed signs of fatigue again in the morning. At the same time, the US stock market achieved three consecutive positive days, and the S&P 500 index rose by 2.03%, with technology stocks leading the gains.
Quaid's analysis:
Looking forward to the later period, high-level fluctuations may become the main theme, and traders need to grasp the rhythm.
The current market presents a pattern: First, the uncertainty of the trade war. If the US insists on imposing new tariffs, the gold price may hit the $3,500 mark again; second, the suspense of the Fed's policy. Whether the May meeting will release a signal of interest rate cuts will become a key turning point; finally, the trend of the US dollar. If subsequent economic data continues to deteriorate, the US dollar index may fall below the 99 integer mark.
Market operation strategies:
Go long on a pullback of 3335, stop loss at 3330, look at 3380
Go short after rebounding at 3380, stop loss at 3390, and look at 3330
Gold – How Important Could the Fibonacci Support Levels Be?Even by recent standards, the price action seen in Gold this week so far has been extreme. For those that may not have seen it all, here we go. Gold opened at 3331 on Monday, traded to a new all time high of 3500 on Tuesday, then dropped all the way back down to 3260 on Wednesday before recovering again to current levels around 3330. A round trip of circa 14%.
The drivers appear to be comments from President Trump and US Treasury Secretary Bessant. With President Trump seeming to challenging the independence of the Federal Reserve at the start of the week (Gold higher) and then pulling back from his most outspoken criticism on Wednesday (Gold lower). Alongside President Trump and Secretary Bessant both commenting on the potential for a de-escalation of the trade war with China on Wednesday (Gold lower), but then suggesting it may take some time to agree (Gold higher).
All of this at the same time that a potential US brokered peace detail between Ukraine and Russia may be moving a step closer to becoming a reality and you can possibly see why Gold prices have moved so much.
Right now, as traders take a pause for breath, its may be a good time to consider the charts and identify some potential support and resistance levels that may come into play into the Friday close.
Technical Update: 3292 Fibonacci 38.2% Support in Focus
Let’s be honest here, when a market is accelerating higher into new all-time high ground, as an almost ‘panic’ rush to get long of an asset is seen, it is very difficult to establish upside resistance levels that may or may not be able to hold the advance, let alone reverse it.
As technical analysts, we can only really focus on 2 things in such a condition, psychological round numbers and Fibonacci extension levels.
Therefore, it’s interesting where the recent acceleration higher in Gold stalled this week, at 3500.
Obviously, this is a round number that may have drawn traders’ interest from a psychological perspective, but this also represented a test of 3468, which is equal to the 261.8% Fibonacci extension of the October 31st to November 14th 2024 sell-off.
With weakness developing from 3500, this extension level held on a closing basis, from which further declines have materialised.
So, we might suggest after the recent weakness in Gold prices, that an upside resistance area has now been established between 3468/3500.
If that is the case, what might the support levels be for us to monitor to gauge if current weakness has further to carry of not?
Potential Support Levels:
The latest phase of price strength in Gold was seen between April 7th to April 22nd 2025, and calculating Fibonacci retracement on this price strength, may highlight some interesting support levels.
The latest downside move has tested, and is so far being held by support at 3292, which is the 38.2% Fibonacci retracement of the latest strength. Traders may now be watching how this level performs on a closing basis, as confirmed breaks lower might see a more extended phase of price weakness emerge.
Much will of course depend on future market sentiment and price trends, but closing breaks below 3292 could suggest further declines to 3228, the 50% level, possibly even 3165, which is the deeper 62% retracement.
Potential Resistance Levels:
As we have already said, the latest price activity may well be suggesting the 3468/3500 range is an area that may prove to be a resistance focus. However, if the 3292 retracement support continues to hold, focus could then be on 3380, as a possible lower resistance level.
This is equal to half of the latest declines, with closing upside breaks of this resistance possibly suggesting positive themes are re-emerging, which could lead to further pressure being placed on the important 3468/3500 resistance range.
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Gold with Technical aspect XAUUSD Gold Update | M15 Timeframe 🙌
- This Analysis is based on educational purposes using Technical aspect
In M15 time Frame we have been observed that market bias is in bullish
- We have been waiting for our point at 3320 - 3314.00 as a Good Buy opportunity on behalf of Technical Analysis ❗️
If the body closing below the trendline on H4 Timeframe we will definitely share our thoughts
Although our targets would be 3364 - 3384.00
- All you need to stick with one Mentor 👋
#XAUUSD
Gold’s upside seems limited given overbought conditionsGold appears to be showing signs of finally cracking after an impressive run higher, with the excitement surrounding its rally potentially approaching a crescendo. The precious metal experienced a sharp intraday reversal on 22 April, a decline that continued into 23 April. Since the recent uptrend began in mid-March, gold has consistently found support at its 10-day exponential moving average (EMA).
For now, gold continues to hold just above this key support level; a break below the 10-day EMA could signal a heightened risk of further declines, potentially targeting $3,280 per troy ounce.
Gold remains extremely overbought on the weekly chart, trading above the upper Bollinger Band, with the relative strength index (RSI) above 80. This suggests that gold could be due for a sideways consolidation or pullback towards the 10-week moving average at $3,100.
Gold also remains overbought on the monthly chart, trading above the upper Bollinger band and with an RSI above 85. In this scenario, a break below $2,900 may lead to a decline towards the 10-month moving average of $2,800.
It is not often that an asset class trades at such extreme levels, and this suggests that gold may be overdue for a period of consolidation, either by trading sideways and marking time or by pulling back to retest some of the moving averages situated at lower levels. It continues to indicate that overall gold’s upside may be limited.
Written by Michael J Kramer, founder of Mott Capital Management
Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should considered to be) financial, investment or other advice on which reliance should be placed.
No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
Gold Price ActionHey traders! 👋 Looking at the current structure, gold has been respecting the bearish trend perfectly — with each flag pattern breaking down as expected.
🔴 We're now seeing a pullback into a key supply zone and the setup is shaping up for a potential short opportunity.
Let the market come to you, no need to chase 🙌
Manage your risk wisely 📊
Wishing you all green pips and solid setups! 💰✨
Happy Trading! 🔥
GOLD (XAU/USD) – 30-Min Long Trade Setup !🟡 🟢
Pattern: Falling wedge breakout + bullish reclaim
📊 Trade Plan – Long Position
✅ Entry: $3,388 (Breakout and retest of wedge + yellow support reclaim)
✅ Stop-Loss: Below $3,360 (under wedge base & recent wick low)
✅ Target Zone:
🎯 TP1: $3,440 – First structure resistance
🎯 TP2: $3,473 – Upper resistance zone (wedge origin)
📐 Risk-Reward: ~1 : 2.5+ (approx.)
📌 Highlights:
Bullish breakout from falling wedge
Strong reclaim of horizontal support (~$3,388 zone)
Entry confirmation shown with candle close above wedge + yellow line
XAUUSD Weekly ViewGold prices have soared to a new record high of $3,500 per ounce, fueled by a weakening U.S. dollar and escalating concerns over Federal Reserve policies and trade tensions. The dollar index has fallen to 98.164, prompting investors to seek refuge in gold as a safe-haven asset. This surge reflects a strong bullish sentiment, with traders buying into the rally despite traditional overbought indicators.
- Analysts are now eyeing a potential temporary pullback for gold and profit taking.
Gold price breaks through a new high of 3500 and enters the key Gold price hit a new record high of 3500. After reaching this point, it showed obvious pressure and went down to find the 3461 area. This is the largest correction since the rise of 3284 last Thursday.
Today's early trading price also continued to rise and break through the new high, but there was an episode, that is, it first broke through the high of 3444, then fell sharply to 3412, and finally confirmed the strong rise at 3418 to break through the new high, and continued to break through the sprint
Until noon, it sprinted to 3495 and suppressed the decline to find 3473 support, and then pulled up again to sprint to break the high of 3500. This time the decline was relatively strong, falling to the 3461 area
So far, the rising process can be slightly slowed down and enter a wave of adjustment
Accumulate momentum to provide power for the next round of start-up
During the adjustment process, pay attention to the golden section line
This wave from Since the rise from 2970, the largest adjustment squat is 0.382, and now this position is 3417, which is close to the Asian market acceleration starting point 3418. The two together become the stabilizer of the bullish trend: 0.382 position 3417 area
This is the first focus of today. During the adjustment process, pay attention to the position of the golden section line
0.382 position is 3417, close to the acceleration starting point
0.500 position is 3391, close to the 3384 area along the channel line
0.618 position is 3366, close to the four-hour lifeline
The current price space is large and the speed is fast. Articles and analysis are only auxiliary, and are more temporary reminders. Plans cannot keep up with changes. The three key points mentioned above can be kept in mind. If there are price variables during the process, they can also be adjusted accordingly.
Final upward push and then a possible correctionGold may likely try to touch the 3450,3470, and possibly 3500 marks as it is in a strong bullish trend. Price action persisted in going past the 3430 point, as it was the current all-time high, which may lead the price to further continue its upward trajectory. However, the bullish trend may correct after having risen for some days and weeks. A correction is bound to okay depending on where the price rising pressure stalls.
Gold prices soared, how to arrange transactions during the dayDuring Asian trading hours, international gold prices maintained record gains, reaching a maximum of 3,495, as U.S. President Trump criticized the Chairman of the Federal Reserve and concerns that trade tensions could hinder economic growth drove demand for safe-haven assets. After yesterday's surge of nearly 100 US dollars and breaking through the 3,400 mark, the price of gold further climbed over 80 US dollars during the day, reaching a maximum of 3,494, with an intraday increase of nearly 2%.
Judging from the current trend, gold prices seem to be breaking through the 3,500 mark just around the corner. However, it should be noted that this wave of market sentiment is mainly driven by market sentiment and has broken away from the framework of traditional technical analysis. For investors, in such extreme conditions, it may be a safer choice to stay on the sidelines. In particular, we must avoid blind short selling. In the current upward trend, short selling is undoubtedly an extremely risky operation.
The technical moving average radiates upward, the technical indicators continue to rise, and the bullish signal is clear. After the 4H chart reached a new high, the top divergence of technical indicators intensified, and gold is currently experiencing a technical correction. The upper resistance is currently blocked at 3500-3510, while the lower part needs to pay attention to the 3455 first-line watershed. For intraday operations, it is still recommended to focus on retracement and long positions, and wait patiently for key positions to enter the market.
Intraday operation suggestions:
buy 3455-3555
TP 3500-3520
Radical brothers go long at 3470
If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD CAPITALCOM:GOLD FOREXCOM:XAUUSD FX:XAUUSD
Gold (XAU/USD) Bullish Breakout from Pennant PatternGold has broken out of a well-formed Bullish Pennant on the 2-hour chart, supported by strong momentum and a bullish Ichimoku cloud structure. The continuation pattern confirmed the trend following a steep bullish move, and price has now reached the projected target around $3,480.
Fundamentally, gold remains supported by safe-haven demand amid geopolitical tensions and persistent inflation concerns. As long as price stays above $3,400, the bullish outlook remains intact.
Bias: Bullish
Pattern: Bullish Pennant
Target: $3,480
Support: $3,400 / $3,300
Disclaimer: This is not financial advice. Trade at your own risk. Always do your own research.
If you found this analysis helpful, please support with a like and follow for more trading ideas and updates. Your support is greatly appreciated!
GOLD TODAY OUTLOOKXAU/USD – 30-Minute Technical Setup
Gold has been gliding upward, respecting a clean ascending structure, printing higher highs with strength. But as price taps into the $3,242–$3,267 supply zone, momentum begins to fade.
A potential rejection here signals a structural shift. If the trendline breaks, we could see a clean move down toward the $3,176 demand zone, with $3,203 acting as soft interim support.
This setup reflects precision and patience , anticipating a transition from bullish strength to calculated bearish correction, with a balanced risk-to-reward approach.
Confirmation is very important.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis.
#XAUUSD 30M Technical Analysis Expected Move.
Gold Trading Plan: Liquidity Grabs, Pullback, and UptrendHello Ladies and Gentlemen!
Based on recent news and Trump’s turbulence, we are closely following macroeconomics, the ongoing tariff wars, and geopolitical events. Gold is showing signs of exhaustion after last week's pullback. While we see a recovery, we must remember that not everything we see can be trusted. However, based on our analysis of the current situation and an understanding of market execution and liquidity grabs, we expect a pullback that could confirm the uptrend — providing a potential opportunity to go long.
Here’s the plan:
1. Double check at the current liquidation level
2. Wait for a pullback around a key level below.
3. Confirm the continuation of the uptrend.
We must carefully monitor each market session and pay close attention to macroeconomic news releases, as the market may react sharply by grabbing liquidity. It will be interesting to see how far we can go from here with liquidity runs and whether additional pullbacks will occur. For now, we remain patient and wait for clear confirmation signals.
Share your ideas!
Gold has started to rise again?Today, the price of gold fluctuated within the range of 3,275 - 3,295 during the day. In the evening, the price of gold began to rise and is currently stable within the range of 3,330 - 3,340.👉👉👉
From the current 4-hour analysis, in the short term, the upper resistance levels of gold should be focused on the range of 3,345-3,350, and the important resistance level is around 3,360-3,370. Regarding the lower levels, the short-term support is at 3,310-3,315, and the key support level is at 3,270-3,280. In terms of operation, it is still advisable to go long on pullbacks. In the intermediate price range, it is better to observe more and act less, and be cautious about chasing orders. Patiently wait for the key price levels to enter the market.
XAUUSD trading strategy
buy @ 3310-3315
sl 3280
tp 3330-3340
If you want to learn more about trading insights, you can visit my homepage to check the content you're interested in.👉👉👉
3360 neckline is being tested!
📊Comment Analysis
Short-term short positions need to rebound further and confirm the signal before following. After the US market breaks through the 3360 defense point, it is temporarily not possible to continue to be bearish. The US market will first look at the rebound, and then make further arrangements after approaching the 3360 line.
💰Strategy Package
Long positions:
The US market temporarily enters the market to go long when gold falls back to around 3297-3310 US dollars. Target 3340, stop loss 3345.