GOLD falls sharply then recovers slightly from key confluenceOANDA:XAUUSD fell sharply and recovered slightly, as expectations of more such deals increased after US President Donald Trump announced a “groundbreaking” trade deal with the UK, undermining the metal’s appeal as a safe-haven asset.
The US and UK have reached a deal and markets are expecting more “tariff-free” avenues
Trump and UK Prime Minister Keir Starmer jointly announce the signing of a trade deal
• The UK will reduce tariffs on US goods from 5.1% to 1.8%;
• The US will maintain a uniform tariff of 10% on UK imports;
• The UK will further ease market access for US goods.
The US and China will continue high-level talks this Saturday
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with top Chinese economic officials in Switzerland on Saturday to discuss the outlook for trade relations.
Gold prices have hit record highs in recent months, largely due to global tensions caused by Trump's tariff policies.
China's central bank allows banks to buy foreign currency to import gold, signaling potential support
The People's Bank of China has approved commercial banks to buy foreign currency in the latest quota to pay for gold imports, supporting the possibility of increased physical gold demand in the market in the future.
With the implementation of the US-UK agreement, the recovery of risk appetite in the market and the approaching US-China negotiations, the safe-haven demand for gold has temporarily eased, and technical downward pressure has also emerged.
In addition, traders need to pay special attention to geopolitical developments with the focus on Russia - Ukraine when Ukraine has taken actions despite Russia's warnings on May 9.
Any escalation of the conflict will immediately support gold's sudden price increase.
Analysis of OANDA:XAUUSD technical outlook
On the daily chart, after a sharp decline from the weekly target of $3,430, gold's decline has paused and recovered slightly from the 0.382% Fibonacci retracement level. The area around $3,292 is also an important support area as it is a confluence of important technical support factors, with the appearance of EMA21 (major support), the lower edge of the price channel which is the short-term trend price channel and the 0.382% Fibonacci retracement level.
As long as gold remains above $3,292, it still has a bullish outlook in the short term, and in case gold falls below this level, it will likely test technical support at $3,267 in the short term, more than $3,245.
For the day, with the current position, gold still has a bullish outlook, and the notable points will be listed as follows.
Support: $3,300 – $3,292 – $3,267
Resistance: $3,351 – $3,371
SELL XAUUSD PRICE 3334 - 3332⚡️
↠↠ Stop Loss 3338
→Take Profit 1 3326
↨
→Take Profit 2 3320
BUY XAUUSD PRICE 3259 - 3261⚡️
↠↠ Stop Loss 3255
→Take Profit 1 3267
↨
→Take Profit 2 3273
XAUUSD trade ideas
Gold delivering excellent Trading opportunitiesTechnical analysis: Gold is consolidating on Hourly 4 chart after it entered my expected #3,342.80 - #3,322.80 Neutral Rectangle zone with #3,342.80 as an possible stop and local High’s. Upper maximum extension can reach #3,352.80 benchmark / Hourly 4 chart’s extension if Resistance breaks. Both ways, I doubt that Neutral candles will last for long as Gold will be ready for another Buying or Selling sequence, where another slide might be in the aftertime. It is important to note that DX found the Support and engaged the spiral recovery (# +0.81%) which can add Selling pressure on Gold. I will use this configuration and observing market closing (closing below #3,312.80 confirms the downtrend extension), where Gold is Technically ready for #3,300.80 - #3,252.80 benchmark test. DX however remains merely Neutral on bigger charts however near Lower High’s peak, adding Volatility on Gold counterbalancing mixed values on Yields. This gives me the impression that Gold has at the moment more probabilities to a Short-term uptrend than break below the Support zone. Gold continues to be contained within parabolic uptrend however isolated within Neutral range for the last #1 - #2 consecutive sessions. Daily chart is on (# +0.58%) switch and represents an cautious fractal. Keep in mind that the Medium-term pattern on Daily chart is an Ascending Channel and Gold is on its Higher High’s decimal zone with Lower levels being a potential Lower High’s Target. Total Neutrality and balance between the Support and Resistance lines is consolidation phase of next major move ahead.
My position: I have expected #3,300.80 benchmark touch throughout yesterday's session where I engaged Selling order on #3,345.80 (entry point). Due news outcome, #3,352.80 was tested which triggered my Stop-loss and left me without any orders. Later on, Gold dipped towards #3,300.80 benchmark (what I did expect) as I managed to re-Sell Gold on #3,322.80 and close the order on #3,307.80. I am without any orders as Gold is Trading within Neutral Rectangle. I will Trade the break-out of values I explained above.
Gold on expected upswingTechnical analysis: Nothing irregular at the moment on the Short-term as Gold (Xau-Usd Spot) continues to Trade on Buying extension taken from local Low's Bullish accumulation within #3,370’s zone with clear Resistance point, and Support levels / ready to deliver the breakout I was after. I highlighted many times recently that every / more serious decline may represent Buying accumulation towards new ATH's. The underlying Medium-term trend is still Bullish, so if the Intra-day Low breaks throughout today’s session, then I expect another run towards the #3,400.80 benchmark / Higher High's Upper zone and possible benchmark extension. One important difference though: the Hourly Moving Average broke and for the first time in #3 sessions Gold was testing it from below as a Resistance (this was needed to break again to comfort Buyers). However, if (November #4 - #9) / (January #1 - #6) (January #20 - #25) variance is yet to be repeated, Gold finished the same pattern (Trading on such configuration) and now should engage the aggressive decline once local High's are met.
My position: My practical suggestion is to Buy every dip on Gold.
GOLD Possible bearish movesGOLD Weekly Outlook – Waiting for a Clean Entry
My focus this week on gold is based around the recent mitigation of the 3H supply zone. It was a clean setup, but unfortunately I didn’t get tapped in — and with it being late Friday, I decided to wait for a better entry, potentially on Monday.
As bullish pressure begins to weaken, I’m also keeping an eye on the 4H supply zone above, which could offer a stronger bearish reaction and a better opportunity to sell.
On the flip side, for any potential bullish continuation, I can see price sweeping the liquidity sitting below and then reacting from the 5H demand zone I’ve marked out. That area could provide the base for a re-accumulation and another move to the upside.
Confluences for GOLD Sells:
- Clear bearish reaction from the 3H supply zone with a completed Wyckoff distribution
- Liquidity to the downside remains untapped
- Weakening bullish momentum opens room for a possible sell-off
- DXY is showing short-term bullish strength, supporting a bearish bias on gold
P.S. If price reverses and takes out the current supply zone, I’ll be watching the next 4H supply zone for further reaction — but in the meantime, I’ll adapt by monitoring for a closer demand zone setup.
Have a great trading week ahead and stay sharp, traders!
XAUUSD Still in Major Bullish Trend with Potential CorrectionOANDA:XAUUSD remains in a major bullish trend. Minor trend indicates potential correction before continuing upward. Correction target is the 200 EMA to fill the gap. Stochastic has already flipped downward, showing confluence with divergence.
Gold: trade tariffs relaxationAs trade tariffs “war” entered into relaxation mode, so the price of gold was easing during the previous week. The major event concerning trade tariffs during the previous week was the announcement from China's government that they are considering negotiations with the US Administration regarding imposed tariffs. Additional influx came also from better than expected US jobs data, in which sense, gold was trading with a modest negative sentiment during the week. The week started by testing the $3.350 short term resistance line, however, it ended at the level of $3.240.
The RSI turned away from the overbought market side, and ended the week at the level of 53. This level still does not represent a clear sign that the market is ready to take the turn toward the oversold market side. Moving averages of 50 and 200 days, without change, continue to move as two parallel lines with an uptrend.
Fundamentals have driven the price of gold to the ATH in a previous period, so fundamentals will continue to impact the price of gold also in the future period. Trade tariffs were the main driver, so as the trade war is settling down, the price of gold might ease also in the coming period. Gold is currently testing the level from the mid-April this year. In case that it is breached, then the next potential level for gold might be around $3.150. Certainly, it should be considered that the FOMC meeting is scheduled for May 7th, which might bring some volatility back on the market, considering current market sensitivity regarding potential Fed's rate cut. At this moment on charts, the price of gold has equal probabilities for a move both toward the up, and down side.
The volatile decline in gold is in line with expectations!Technical analysis of gold: After rising and falling, gold has a large downward space, from 3438 to the current 3360, up and down close to 78 US dollars. Under this change, we should pay attention to whether the long and short changes of gold will continue. From the perspective of cyclical performance, after three consecutive positive lines on the daily line, there is a high probability of a wave of adjustment space, and the intensity of this adjustment will not be small, and it is possible that the big negative line swallows the positive line and goes directly below 3300. If it comes out like this, then it can be said that it is difficult for gold to rise this week. On Thursday and Friday, it may fluctuate and fall or fluctuate at a high level.
From the perspective of the 4-hour cycle, a big negative line closed, covering the previous positive lines, and breaking the support of the 5-day and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock, the Bollinger middle rail is not broken, and it may rise again to the high point of 3430. Therefore, gold has experienced a big rise and fall in this cycle, and now it is possible to rise or fall. In the short-term cycle, we will first focus on the support effect of 3360-3350 under the weakness of the early trading. If it does not break, we can continue to be bullish. The upper target is 3400, and if the strength is strong, we will look at 3430.
Overall, the short-term operation strategy for gold today is to rebound and short, supplemented by callbacks. The upper short-term focus is on the 3400-3405 line of resistance, and the lower short-term focus is on the 3350-3300 line of support.
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3397-3400, stop loss 6 points, target around 3360-3330, and look at the 3300 line if it breaks;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3300-3305, stop loss 6 points, target around 3330-3350, and look at the 3370 line if it breaks;
Could India-Pak ceasefire & China-US talks trigger gold's declinNews
From May 5th to 9th, trade tensions and geopolitical conflicts have driven the gold market to rise 📈. The spot gold price has once broken through 3,438. As the bullish momentum has waned, investors have taken profits at high levels, and the weekly increase has narrowed to about 3.1%. Trump's remarks on tariffs, uncertainties in trade negotiations, the conflict between Russia and Ukraine, and the military standoff between India and Pakistan have stimulated the demand for safe-haven assets, pushing up the gold price 💹. Technical indicators show that the short-term correction pressure has increased, and the market may enter a phase of volatile consolidation 🤔.
Gold Trend
At the beginning of this week, influenced by the safe-haven property of gold, its price has increased. However, this tariff news has less of an impact on the gold price than before, and the upward trend has stopped at 3,439. After the Federal Reserve maintained its interest rate policy unchanged, the gold price has declined for two consecutive days 📉, and yesterday's closing price was above 3,300.
Looking ahead, with the ceasefire of the conflict between India and Pakistan and the advancement of the China-US talks, the gold price is likely to drop significantly next week ⬇️. The ceasefire between India and Pakistan has alleviated the geopolitical tensions, weakening the driving force for gold to rise as a safe-haven asset. If the China-US talks achieve positive results, the market's risk appetite will increase, and investors are likely to shift their funds from gold to risky assets such as stocks. In the past, when there has been progress in trade negotiations, the gold price has dropped significantly. Overall, there is an obvious downward trend for the gold price next week 😟.
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@3330
🚀 TP 3280 - 3260
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
GOLD Price Analysis: Key Insights for Next Week Trading DecisionGold ended last week under pressure as investors booked profits following improved risk appetite, driven by easing trade tensions and a strong U.S. labor market report.
📰 NFP came in at +177K in April, with the unemployment rate steady at 4.2%, matching forecasts—possibly keeping the Fed cautious on policy easing.
Technically, Gold remains bullish but is now testing the $3,200 support zone, and sellers are gaining momentum.
As we head into next week, gold price action is at a critical decision point, and whether buyers or sellers will take control is unclear.
In this video, I break down the key technical zones, share my trading plan, and discuss potential opportunities to help navigate the uncertainty ahead.
Disclaimer:
This is my take based on experience and what I see on the charts. It’s not financial advice—always do your research and consult a licensed advisor before trading.
#GoldAnalysis #XAUUSD #GoldPrice #ForexTrading #TechnicalAnalysis #FundamentalAnalysis #GoldOutlook #FedRateDecision #NFP #GoldBreakdown #GoldBulls #GoldBears #USJobsReport #ForexMentor
Down nearly 2% on Wednesday, GOLD still rebounds quickly on riskOANDA:XAUUSD fell nearly 2% on Wednesday (May 7), mainly due to a stronger US dollar and optimism from upcoming trade talks between the United States and China, while the Federal Reserve's "standstill" also added pressure on gold prices. However, it was supported by escalating geopolitical risks.
On Wednesday, the Federal Open Market Committee (FOMC) left the target range for the federal funds rate unchanged at 4.25%-4.50%, citing increasing uncertainty about the economic outlook and rising risks to both maximum employment and price stability. “Uncertainties about the economic outlook continue to increase,” the FOMC said in its post-meeting statement. “The Committee is concerned about bilateral risks to its dual mandate and sees increasing risks to unemployment and inflation.”
Federal Reserve Chairman Powell maintained a neutral tone, saying the current policy stance was appropriate and the Fed was in no rush to adjust interest rates. He stressed that the Fed was prepared to act “quickly as needed” if circumstances changed, but warned that the Fed’s goals would not be fully achieved if tariffs remained in place.
Powell added that if either side of the dual mandate deviates too much, the Fed will evaluate which policy tool to use to achieve rebalancing.
When asked which mandate, inflation or employment, should receive more attention, he said it was too early to tell.
The market consensus remains that the Fed will not cut rates before July. In a higher interest rate environment, non-interest-bearing gold is often under pressure.
Big news on China-US trade talks
China and the US announced that US Treasury Secretary Besant and US Trade Representative Greer will travel to Switzerland to meet with Chinese Vice Premier He Lifeng.
The talks are the first since US President Donald Trump imposed comprehensive tariffs on China and have raised optimism that the two largest economies can reach a deal.
On Wednesday, a spokesperson for the Chinese Ministry of Commerce answered reporters' questions about the high-level economic and trade negotiations between China and the United States. The spokesperson said China has decided to cooperate with the United States. Vice Premier He Lifeng, as head of the China-US economic and trade negotiation delegation, will hold talks with his US counterpart, US Treasury Secretary Benson, during his visit to Switzerland. - Bloomberg -
India-Pakistan tensions spiral after attack, risk of further escalation fuels demand for safe havens
India's airstrike on Pakistan has stoked tensions, raising fears of a full-blown war between the two nuclear-armed nations.
India launched missiles at nine locations in Pakistan and Pakistan-administered Kashmir early on May 7 in response to a shooting that killed 26 tourists in Pahalgam, Jammu and Kashmir, two weeks ago. The Indian Ministry of Defense said its forces struck facilities used by "terrorist groups" to carry out the Pahalgam attack.
The Indian Air Force has mobilized many modern weapons, including Rafale multi-role fighters carrying SCALP-EG stealth cruise missiles and AASM Hammer extended-range guided bombs and cruise missiles. The target coordinates were provided to the forces participating in the campaign by Indian intelligence agencies.
Images released by the media show the moment the series of missiles crashed into the target, creating large fire circles and violent explosions. Pakistan said at least 26 people were killed in this attack. -According to Vnexpress -
Gold is an asset that often benefits first when market risks appear, and India is also a leading gold-using country in the world.
Technical Outlook Analysis OANDA:XAUUSD
After yesterday's decline, gold continues to receive support from the 0.236% Fibonacci retracement area with horizontal support at $3,350 as noted by readers in yesterday's edition and it is now also aiming for a target of $3,430.
Once gold breaks $3,430 it will be in a position to continue its rally with a target of around (all-time high) in the short term.
Technical factors are completely bullish, from the short-term trend noted by the rising price channel and the long-term trend from the rising price channel. On the other hand, the nearest support is also the EMA21.
The relative strength index RSI is still quite far from the 80 level and the overbought area, indicating that there is still room for growth ahead and gold is likely to continue to increase in terms of momentum in the coming time.
During the day, the main bullish outlook for gold prices in terms of technology will be noted again by the following levels.
Support: 3,371 – 3,350 USD
Resistance: 3,430 – 3,500 USD
SELL XAUUSD PRICE 3440 - 3438⚡️
↠↠ Stop Loss 3444
→Take Profit 1 3432
↨
→Take Profit 2 3426
BUY XAUUSD PRICE 3350 - 3352⚡️
↠↠ Stop Loss 3346
→Take Profit 1 3358
↨
→Take Profit 2 3364
US-China optimism, GOLD falls sharply from target levelIn early morning trading on Wednesday (May 7), spot OANDA:XAUUSD fell sharply by nearly 2%. Bloomberg said that despite the escalation of military conflict between India and Pakistan, signs of progress in trade negotiations between the United States and China have limited demand for safe-haven assets.
Previously, gold prices had surged for two consecutive trading days. Spot gold prices rose nearly 3% on Tuesday.
China and the United States announced that U.S. Treasury Secretary Besant and U.S. Trade Representative Greer will travel to Switzerland to meet with Chinese Vice Premier He Lifeng.
Today (Wednesday), a spokesperson for the Chinese Ministry of Commerce answered reporters' questions about the high-level economic and trade negotiations between China and the United States. The spokesperson said that China has decided to cooperate with the United States.
Vice Premier He Lifeng, as head of the China-US economic and trade negotiation team, will hold talks with his US counterpart, US Treasury Secretary Benson, during a visit to Switzerland. It is the first such meeting since US President Donald Trump imposed sweeping tariffs on China and has raised optimism that the two largest economies could reach a deal.
Gold prices have risen nearly 30% this year as Trump’s aggressive trade and geopolitical policies have caused widespread market turmoil and investors have sought safe havens. Gold hit a record high of $3,500 an ounce in April but has fallen in recent weeks.
The Federal Reserve will announce its interest rate decision later Wednesday, and policymakers are expected to keep rates unchanged despite Trump’s repeated criticism of Fed Chair Powell for not cutting rates.
Fed officials have often stressed the need to wait and see how the trade policies implemented last month will affect the economy. Lower borrowing costs tend to be good for gold.
Technical Outlook Analysis OANDA:XAUUSD
After gold achieved the target increase noted by readers in yesterday's edition at 3,430 USD, it has fallen significantly in the early trading session today (7 May). But the downside momentum is also limited by the 0.236% Fibonacci retracement level, which is noted as the nearest support level and for gold to continue to increase in price, it needs to achieve the condition of recovering and breaking the 3,430 USD level after which traders can think about the 3,500 USD level in the near future.
During the day, in the overall picture, gold still has a bullish outlook with the long-term rising price channel and the short-term rising price channel as the trend and support from the EMA21 moving average.
As long as gold remains above the EMA21 and within/above the aforementioned price channels, the overall outlook remains bullish, but you should also note that in the current market environment, price movements of 2-3%/day are very common, so technical positions need to be firmly established (preferably at confluences where multiple indicators are present).
My notable positions will be listed as follows.
Support: 3,371 – 3,350 USD
Resistance: 3,400 – 3,430 USD
SELL XAUUSD PRICE 3440 - 3438⚡️
↠↠ Stop Loss 3444
→Take Profit 1 3432
↨
→Take Profit 2 3426
BUY XAUUSD PRICE 3337 - 3339⚡️
↠↠ Stop Loss 3333
→Take Profit 1 3345
↨
→Take Profit 2 3351
DeGRAM | GOLD trend line breakout📊 Technical Analysis
● Price printed successive lower highs (LH) inside the descending channel and has just broken back below the blue corrective trend‑line.
● Fresh acceptance under the 3 260 points to a slide toward the lower rail at 3 200, with scope to probe the March floor near 3 100; bias flips only on a 4 h close back above 3 300.
💡 Fundamental Analysis
● A hotter‑than‑expected US CPI (3.5 % y/y) lifted 10‑yr yields to 4.50 %, reviving bets that the Fed may delay cuts, which firmed the USD and spurred ETF outflows from bullion.
✨ Summary
Lower highs + rising US yields favour a short‑term short in XAU/USD: targets 3 200 → 3 100, risk managed above 3 300.
-------------------
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CPI - inflation assessment, gold accumulation⭐️GOLDEN INFORMATION:
Swap markets have now fully priced in a 25 basis point rate cut by the Federal Reserve in September, with expectations for two additional reductions by year-end. This marks a slight shift from last week, when traders had anticipated the first cut as early as July and a total of three rate cuts in 2025.
On the geopolitical front, Indian Prime Minister Narendra Modi stated on Monday that military operations against Pakistan are merely on hold, warning that future actions will depend on Islamabad’s conduct. Meanwhile, Ukrainian President Volodymyr Zelensky expressed willingness to meet Russian President Vladimir Putin later this week, following US President Donald Trump's call for him to "immediately" accept a peace summit invitation in Turkey. Heightened geopolitical risks from these developments could fuel demand for safe-haven assets like gold, reinforcing the metal’s appeal amid ongoing global uncertainty.
⭐️Personal comments NOVA:
CPI assesses the level of inflation in the US economy, gold prices continue to strive to maintain the price range around 3200
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3281- 3283 SL 3288
TP1: $3270
TP2: $3260
TP3: $3250
🔥BUY GOLD zone: $3176 - $3174 SL $3169
TP1: $3185
TP2: $3198
TP3: $3210
⭐️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
XAUUSD Weekly Outlook – May 12–17, 2025High Timeframe Bias: Bullish with active pullback under premium supply
🔍 Macro Structure Insight:
Market structure remains bullish on Weekly, with a recent ATH at ~3500.
Price showed a strong rejection from the 3448–3500 premium supply zone but found support near 3284–3292.
We are currently in a retracement phase, and the next few candles will determine if it’s a reload or deeper correction.
📌 Key Weekly Structural Zones
Zone / Level Description
3500 ✅ ATH – liquidity sweep & rejection
3448–3500 🔺 Premium Weekly Supply – key rejection zone
3380–3395 🔁 Weekly FVG – potential short-term resistance
3284–3292 🔵 Fresh Support – demand reaction after daily wick bounce
3220–3250 🔵 HTF Weekly Demand – equilibrium & previous BOS zone
3120–3150 ❗ Critical Support – losing this would break bullish structure
📈 Fibonacci Weekly Extension Zones (Above ATH – 2285 → 3500 Leg)
Extension Level Target Price Description
1.0 3500 Current ATH
1.12 3560 First minor extension
1.18 3590 Shallow breakout target
1.236 3620 Key fibo confluence zone
1.272 3645 Round-level + breakout magnet
1.33 3680 Sentiment shift potential
1.414 3720 Major HTF fibo extension
1.5 3760 Mid-range round milestone
1.618 3800–3820 Golden extension + HTF magnet zone
🔁 Scenarios for This Week:
Bullish Continuation:
If 3284–3250 holds as a higher low → market may aim for 3380–3395, then test 3448–3500 again.
Breaking above ATH could trigger targets toward 3560 → 3590 → 3645.
Bearish Retracement:
If price breaks below 3250, a deeper move toward 3120–3150 could begin. This would threaten the weekly bullish leg.
⚠️ Watch for:
Weekly close below 3250 = short-term bearish shift
Push and hold above 3360–3380 = signs of bullish continuation
Rejection from 3448–3500 again = potential double-top liquidity trap
Gold rises strongly and bulls restart!The 1-hour moving average of gold has begun to cross upward to form a golden cross, and the bulls have begun to exert their strength. After breaking through the 3300 line yesterday, for today's market, the opening of the morning session directly pulled up more than 40 US dollars. The bulls are strong and powerful. Now we are definitely not going to short, just follow the trend. The point of concern below is the low point of 3350. If gold continues to maintain its strength, it is impossible to fall below the 3350 line again, so we are looking for opportunities to go long above 3350 in the morning! The market is changing rapidly. Since the current gold bulls are more powerful, then continue to go long. After all, it is a callback in the bullish upward trend. It will be more repetitive when reflected on the short-term chart. The volatility base is large, and the operation should try to stick to the time point after the European session. On the whole, the short-term operation strategy of gold is recommended to go long on callbacks and short on rebounds. The short-term focus on the upper short-term resistance of 3415-3420, and the short-term focus on the lower short-term support of 3330-3350.
Gold's Zigzag Retreat: Shorts' Comeback LoomsOn Friday, gold rebounded slightly and regained the $3,330 mark during the North American trading session. However, it showed an overall volatile trend throughout the week and closed near the middle band of the Bollinger Bands at $3,325.54. The market interpreted the US-UK trade agreement as an "empty-shell agreement". Coupled with Trump's tariff remarks ahead of the upcoming high-level talks among major economies over the weekend, the risk aversion sentiment has risen again, providing support for the gold price.
The real-time trading signals we provided have been profitable every day. If you don't know how to get started, you can refer to my strategies. 👉🏼👉🏼👉🏼
Judging from the current market structure, during the upward trend that started from $3,200, gold has not experienced an obvious central consolidation and has accumulated strong retracement momentum. Combining with the small-scale trend, the current adjustment is more likely to unfold in the form of a falling zigzag pattern or a rectangular consolidation pattern rather than a strong breakout, as the weekly resistance level has not been effectively digested and there has been no new positive driving force in the market.
Next week, we need to be cautious about blindly chasing long positions and especially give up the illusion of "breaking through the previous high". In the short term, the probability of a retracement is much higher than that of a continuous unilateral upward movement.
XAUUSD
sell@3330-3340
tp:3300-3280
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.👇🏽👇🏽👇🏽
GOLD - Trio Retest!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈After rejecting the $3,500 round number and upper bound of the wedge, XAUUSD has been in a correction phase trading within the falling red channel.
📚 As Gold approaches the $3,100 - $3,150 support zone, I will be looking for buy setups on lower timeframes as it is the intersection of three rejections:
1- The lower bound of the falling red channel
2- The lower bound of the rising orange wedge
3- $3,100 - $3,150 support zone
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Fed interest rate suspense and tariff shockGiven the current heightened uncertainty, the implementation of tariff policies, rising inflation expectations, and declining household and business confidence, the market generally expects the Federal Reserve to keep its policy interest rate unchanged this week. Fed Chairman Powell may hint that he is not in a hurry to cut interest rates, and mentioned that tariffs will push up inflation and drag down economic growth. With the implementation of tariffs, inflation will rise significantly in the coming months, and the US economy may fall into a mild recession in the second half of the year, with economic activity and employment likely to shrink in the third and fourth quarters.
In terms of gold, yesterday the lowest fell to 3305 and began to stabilize and rise. It closed at 3334. The daily line closed with a big positive column. Gold opened slightly with a slight correction of 3323 and began to stabilize and rise. Asian gold once again made a strong effort to rise to the highest position of 3386. The current lowest is 3353. It is currently at noon. It is hovering at 3365, and the overall trend is strong, but the excessive rise seems to reserve rhythm space for the next European and American trading. Be careful with short covering. The current upper resistance is at 3372-3377, and the lower support is at 3324-3317. In terms of operation, it is recommended to rebound and short.
Operation strategy 1: It is recommended to short on the rebound at 3372-3377, stop loss at 3382, and the target is 3350-3325.
Will the price of gold rise or fall?From the perspective of the 4-hour cycle, a big negative line closed, covering the previous positive lines, and breaking the support of the 5-day and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock, the Bollinger middle rail is not broken, and it may rise again to the high point of 3430. Therefore, gold has experienced a big rise and fall in this cycle, and it is possible to rise or fall now. In the short cycle, first pay attention to the support effect of 3360-3350 under the weakness of the early trading. If it is not broken, you can continue to be bullish, with the upper target at 3400, and then look at 3430 if the strength is strong.
Gold's Bull Market Ends as It PlungesToday's opening saw the success of the first Sino-US negotiation. This news instantly wiped out the bulls. Some of the previous gains came from the uncertainty of tariffs. Now that risk aversion has subsided, it has directly suppressed the market. There is an oversold rebound demand around 3200. You can enter the market in batches at 3200. Pay attention to the MA5 moving average of 3260 for upper resistance. As long as the price below does not break 3200 today, you can enter the market in batches and gradually move up.
Gold Sniper Zones - XAUUSD May 12 Monday🔍 Key Intraday Demand Zones (Potential Bounce Areas)
🔵 3220–3200
Current area of interest with short-term absorption signs
May serve as temporary reaccumulation base if bulls defend this area
Ideal zone for intraday reaction → confirmation required before acting
🔵 3180-3165
Strong historical reaction level
Previously held structure before rally
If price breaks below 3209, this is likely where buyers will re-enter aggressively
🔺 First Major Intraday Resistance Zones
🔴 3240–3255
First clean lower high zone
Recent bearish pressure originated here
Any bounce toward this area may face sharp rejection
🔴 3275 - 3290
Former structure base, now flipped
Watch for potential NY spike into this region → rejection likely without a confirmed breakout
🧠 Final Words:
Gold isn’t in freefall. It’s moving between precision zones that traders either recognize — or get wrecked by.
At this stage:
Below 3209 = bearish pressure likely continues toward 3170s
Above 3255 = watch for liquidity sweeps and false confidence
🎯 Stay with structure. Ignore the noise. Let the market earn your entries.
Drop a 🚀 Follow, comment, and share with your trading crew — if this helps your trading; let’s build a sharp Gold team
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.