GOLD BEARS WILL DOMINATE THE MARKET|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,224.05
Target Level: 3,072.86
Stop Loss: 3,325.09
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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XAUUSD.F trade ideas
DeGRAM | GOLD Growth in the Channel📊 Technical Analysis
- Uptrending channel
XAU/USD steadily climbs within a clear ascending channel, rebounding from support towards resistance.
- Key resistance
Main barrier at $3225; a breakout here confirms bullish momentum.
- Predictive scenario
Breaking $3225 opens doors for further upward movement.
💡 Fundamental Analysis
Trump's imposition of trade duties, has caused geopolitical instability, which has contributed to further demand for GOLD.
✨ Summary
Positive technical setup combined with supportive fundamentals. Break above $3225 signals continued bullish momentum!
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GOLD Trade Plan 14/04/2025Dear Traders,
Gold hit the resistance level of 3230 and I expect it to move back to the resistance area after a correction from the 3140-3160 areas.
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
Closing another re-Sell orderGold delivered aggressive upside sequence due Fundamentally Bullish bias where Price-action delivered almost #110-point upside extension. I have calculated that #3,082.80 - #3,092.80 should be local Top's for the sequence and engaged Selling order on #3,084.80 which hit my Stop-loss of #3,092.80 minutes after. However I have engaged another re-Sell order on #3,093.80 and closed my Selling order on #3,057.80 with excellent Profit.
My position: Gold is Trading below record High's values after #3,127.80 - #3,132.80 local High's rejected the Price-action. I see no alternative than waiting for CPI announcement and how Gold will digest it and will continue Trading in mentioned direction. I will continue Trading my setups one by one as my re-Sell and re-Buy levels appear.
Gold Buying every dip as expectedTechnical analysis: Gold maintains Buying sentiment (remember the cycle I mentioned regarding #14-day symmetry for aggressive uptrend extension / Traders are witnessing it) from yesterday’s session Hourly 4 chart’s Support break, however the Selling pace has slowed down as Gold is already near #3,227.80 - #3,232.80 former Resistance zone due Hourly 4 chart on critically Overbought condition.
Fundamental analysis: Gold is isolated within Bullish Megaphone bounce formation and if there wasn’t parallel Buying pressure from Fundamental side, Price-action would be significantly Lower (I highlighted that only catalyst which can revive the Price-action and kick-start the relief rally is on Fundamental side). The Hourly 4 chart’s indicators were showcasing that Gold was Overbought and many other were about to make a Bearish roll-over as I believed that I should start preparing ourselves for a slight pullback (Medium-term trend stays Bullish though especially with DX still critically Bearish, taking strong hits and Bond Yields rejected on #3-Week Top zone). Next Resistance is priced at #3,252.80 / break of it might extend the uptrend towards #3,252.80 benchmark configuration.
My position: Gold is soaring as it represents safe-haven asset, I'd prefer to stay with the trend (Bullish). I have attempted to Buy Gold on #3,208.80 and since Price-action tested #3,214.80 I moved my Stop on breakeven and it got triggered moments ahead which left me without order and Gold delivered #3,225.80 extension. However I have managed to re-Sell #3,225.80. I will keep Buying every dip on Gold for maximum Profit optimisation from my calculated re-Buy zones. #3,192.80 is Support for current Bullish motion.
XAUUSD Gold in Overdrive: Awaiting a Critical Pullback for a BuyDaily Chart Analysis
On the daily chart, XAUUSD has surged to new highs, signaling an overextended market as gold rallies far above previous price swings. The price is now trading at a premium, which indicates that much of the bullish momentum may already be priced in. As a result, there is potential for a pullback toward a more attractive entry area. Specifically, a retracement into a discounted zone—ideally below the 50% level of the previous swing—may offer a better long opportunity rather than entering at these extended levels. 📈⚠️
4-Hour Chart Analysis
Examining the 4-hour timeframe reveals more granular price action that aligns with the daily trend. Here, gold displays signs of potential exhaustion with the recent impulsive moves. The market structure hints at the possibility of a short-term setup if the price begins to reverse, aligning with basic Wyckoff theory principles. This suggests that while there might be an interim short play if the reversal is confirmed, the expectation remains that a healthy pullback will eventually pave the way for a new long opportunity once the price finds support. 🔻🤔
Integrating Price Action, Market Structure & Wyckoff Theory
Using elements of Wyckoff theory, it's clear that the current rally has pushed the market into an overbought state.
• The price action indicates a likely initiation of a distribution phase, where selling pressure might temporarily take over.
• A pullback into the discounted zone (particularly under the 50% retracement of the prior range) would be an ideal opportunity to look for a buying setup.
• On the flip side, if the shorter-term setup solidifies, a conservative short play could be considered until signs of accumulation emerge.
This dual perspective underscores the importance of disciplined risk management and monitoring short-term reversals while keeping an eye on the broader trend. 🔍📉💡
Summary of Key Takeaways
XAUUSD is currently overextended with a strong rally to new highs. While the momentum is robust, the premium pricing compared to previous swings suggests caution. A pullback into a discounted zone, specifically below the 50% retracement level, could provide a more enticing entry point for those looking to go long. Concurrently, the 4-hour chart offers potential setups for a short play should price action indicate a reversal. Coupling these observations with Wyckoff theory fundamentals can allow for a balanced, dynamic trading strategy. 🔄
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making any trading decisions.
XAU / USD 4 Hour ChartHello traders. Just taking a look at the 4 hour chart and I have marked my areas of interest for potential trade set ups. It is only Monday, so I am in no hurry to force or rush a trade. I am waiting for some lower time frames to line up and for some definitive support and resistance to form as we get closer to the Pre NY volume starting in a few hours or so. Let's see how things play out. Big G gets my thanks. Be well and trade the trend. Happy Monday!!!
GOLD: Bearish Continuation & Short Trade
GOLD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short GOLD
Entry - 3232.2
Sl - 3244.7
Tp - 3208.5
Our Risk - 1%
Start protection of your profits from lower levels
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Closing excellent Buying orderAs discussed throughout my yesterday's session commentary: "My position: I have Sold Gold throughout yesterday' session twice from #3,035.80 - #3,042.80 (closed both on #3,015.80) and Bought Gold on #2,065.80 and kept order over-night / closing #3,011.80 few moments ago which is excellent Price-action to Profit on and I am looking forward for today's opportunities. I do expect Gold to remain in #2,952.80 - #3,052.80 range for a while where I will Buy and Sell respectively from my calculated re-Sell and re-Buy zones."
I have closed Buying order I kept over-night where I bought #2,982.80 Double Bottom and closed my order all the way on #3,027.80 firstly, then re-Bought Gold there towards #3,042.80 local High's. I am more than satisfied with my Profit and won't make any more Trades today.
Tariffs increase market risks!From a technical point of view, although there is no new low, there is no bottoming performance, but the Bollinger band is closing more and more obviously. The technical conditions for this wave of bottoming are about to be met. There is a lack of market stimulation to drive the transformation of strength and weakness. The daily line closed with a big positive today. After standing firm at 3055, it can continue to look at 3100 and 3150. At present, the four-hour line of gold is an obvious bottom signal, or it can be a double bottom. The big positive line at the bottom directly soars into the sky, unstoppable, and directly breaks through the suppression of the moving average. More, 3003 directly more
Investment strategy: Gold 3003 more, stop loss 2903, target 3035
WHY XAUUSD IS BULLISH ?? TECHNICAL AND FUNDAMENTALSXAUUSD is currently trading around the key psychological level of 3000, and as expected, price action has just completed a textbook retest of the previous breakout zone. The support level near 2960–2980 has held strongly, giving gold the momentum it needs for the next leg up. Price has reacted with a clear bullish bounce from this demand zone, confirming the structure and setting up for a potential continuation toward the 3100 target.
From a technical perspective, we’re seeing a classic bullish continuation move. The previous impulse to the upside was followed by a correction phase, which respected the support area now acting as a launchpad. This bounce, combined with strong candle formations on the 12H and daily charts, suggests bulls are regaining control. Volume is gradually increasing, aligning with the anticipated breakout from the recent consolidation.
On the fundamentals side, the gold market remains well-supported. Recent macroeconomic data shows inflationary pressures are still lingering, while expectations for Federal Reserve rate cuts later in the year continue to weigh on the US dollar. Geopolitical tensions and increased central bank gold accumulation are adding further demand for safe-haven assets like gold. These drivers remain bullish catalysts as long as uncertainty stays elevated and real yields remain low.
With price holding above 3000 and a strong structure in place, I expect continuation toward 3100 in the near term. This is a high-probability setup supported by both technicals and fundamentals. I’ll be closely watching for higher lows and continuation signals above 3020 for additional confirmation. Risk management remains key, but the market structure strongly favors further upside.
Gold Bearish ReversalPattern: Bearish Harmonic Butterfly
Entry: ~$3,238
Stop Loss: Above $3,330
Take Profit Target: $3,020 (next major support level)
• Price action is stalling near the PRZ of the pattern.
• The next logical support level is around $3,020, making it a compelling downside target.
Caveats:
• Strong macro tailwinds or news shocks could push price through the stop zone.
• Keep an eye on USD strength, real yields, and the tariff news.
How to grasp the high-level fluctuations of gold?The gold market is still maintaining a strong trend. From the current technical point of view, the daily line closed with a negative line, and the small negative line after three consecutive positive lines is still bullish. If the daily line does not break the new high of 3245, we should pay attention to the possibility of adjustment, and after the daily line closes with a negative line, the top is determined, and there is a possibility of a sharp drop in the future. Therefore, although it is a bullish trend for the time being, we should pay attention to the possibility of adjustment in gold and the changes in the daily line cycle. Reference for gold operation strategy: When gold pulls back to around 3213-3215, go long (buy up) in batches with 20% of the position, stop loss 6 points, target around 3230-3240, and look at the 3250 line if it breaks;
Gold will rebound strongly if it does not break 3200The technical aspects of the gold market remain strong during the day. The weekly line closed positively for consecutive days, and the daily line remained intact for four consecutive positive lines, and the medium-term upward trend remained unchanged. At present, we need to pay attention to the possible technical correction at the beginning of the week, but as long as there is no single negative swallowing positive or continuous negative pattern, the trend direction is still bullish. The key support level is at 3200, of which 3180 is the short-term long-short watershed. If it is effectively broken, the upward momentum will be weakened; 3150 is the critical point of the medium-term trend, and a break may trigger a deeper adjustment.
H4 cycle shows that the price stabilized after falling back to the 10-day moving average near 3200, and this position became the focus of intraday long-short game. Operation strategy suggestion: If the price falls back to the 3200-3205 area without breaking, you can choose to go long, and the target is the 3245-3255 resistance zone. After breaking through, you can follow the trend. Be careful that if the 3200 support is lost, you need to adjust the strategy and pay attention to the 3180 line. Overall, keep the idea of going long on the pullback, and pay attention to controlling the position to prevent short-term volatility risks.
Gold suggestion for the evening: Go long on the 3210-3205 area, stop loss 3200, target 3235
Bull market hides falling crisis!Gold rose sharply to around 3170 in the short term. Gold is in an obvious bull market. I think we should not be too optimistic! Don't blindly chase gold in trading!!!
Although it is only one step away from the previous high, it not only faces the psychological resistance of 3200, but also multiple integer resistance. After the fundamental positive factors are exhausted, it is difficult for gold to have enough power to continue to rise and break through the heavy resistance.
So the sharp rise of gold is likely to be a bull market trap, in order to confuse more people to chase gold, and large institutional funds take the opportunity to sell! So in terms of short-term trading, I still will not vigorously chase long gold, I will start to short gold gradually in batches! The faster gold rises, the faster it may collapse!
Bros, I am not afraid of shorting gold now. I think short trading can also bring me huge profits. The retracement target first focuses on the area around 3135.The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
XAUUSD Market Update – April 14, 2025🟡 XAUUSD Market Update – April 14, 2025 (End of NY)
🔍 Market Structure Overview
Trend (HTF): Still bullish on H4 with a strong impulsive leg from 3120 → 3248. Current pullback is testing premium zone around 3205–3215.
LTF Structure: M15-H1 shows a textbook liquidity sweep + internal CHoCH, followed by BOS. Price is currently in a reaccumulation phase between 3205 and 3215.
Range: Price is bouncing between the weak high @ 3247 and key support zone @ 3172–3180. Volume thinning out during late NY.
🧠 Key Observations
Fakeout sweep @ 3215: Clear internal liquidity grab followed by CHoCH on M5–M15, triggering short-term upside.
3209 Entry Zone Rejected: Price swept that level without reaction — confirms liquidity engineering.
Premium Distribution Active: H4 OB + FVG zone between 3233–3247 still unmitigated — price may revisit before broader move.
Daily FVG below: Unmitigated bullish gap around 3172–3180, aligning with M30-H1 demand and FIB 61.8 retracement.
🔵 Mitigated Zones
🔹 3205–3210 (EQ zone from earlier CHoCH): Fully mitigated.
🔹 3188 (micro OB): Mitigated and invalidated — no longer valid.
🔹 3215 (fakeout + sweep): Fully played.
🔴 Unmitigated Zones
🔸 3233–3247 (H1–H4 OB + Premium + FVG): 🔥 Active supply area.
🔸 3172–3180 (Daily Imbalance + H1 demand): Strong bounce candidate.
🔸 3120–3130 (Deep discount + demand): Only if a deeper correction forms.
🧭 Current Bias
Short-term bullish into potential rejections near 3225–3233.
Overall market still bullish, but a correction toward 3172–3180 is healthy before continuation.
⚠️ What to Watch
3233–3247: If price spikes into this supply area and shows M5/M15 CHoCH → potential reversal.
3215–3220: Micro liquidity zone may induce late buyers → be cautious.
3172–3180: Strong bounce or continuation zone — RSI confluence and clean M30 imbalance.
🧾 Summary
XAUUSD is currently consolidating between key supply (3233–3247) and demand (3172–3180). Price is sweeping intraday liquidity, hinting at another attempt toward the upper zone before a deeper correction. Patience is key — sniper entries only around the unmitigated OBs with clear M5 confirmation.
Stay sharp, stay selective. Don’t chase, let price come to your zone.
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Gold Price Analysis April 10D1 candle confirms that the buyers have returned to the market with an increase of more than 100 prices. The retest points are considered buying opportunities to break ATH
3100 is a notable point for the Buy signal in this European trading session. Today's trading strategy is quite simple when a strong uptrend has just formed, we will wait for the retest points to 3100-3080-3056 for the BUY signal to break ATH. On the other hand, if gold does not test before, we can Sell Scalp around 3133 again, when it breaks, do not SELL anymore but wait for the retest of 3133 to buy up to 3162.
Have a nice day everyone
XAUUSD Daily Sniper Entry Plan – April 10, 2025 Multi-Timeframe Analysis (D1, H4, H1, M15)
D1: Bullish overall with higher highs and higher lows, price testing resistance near the 3100 area.
H4: Bullish continuation with clear market structure, price still finding support at lower levels.
H1: Structure showing a potential breakout to the upside but also needs confirmation from rejection at supply zones.
M15: Currently in a retracement, testing critical order block zones that could dictate the next big move.
Macroeconomic Context
Fed Rate & NFP: The Fed's dovish stance and recent NFP data support the continuation of bullish sentiment in gold.
CPI & ISM: Inflationary pressures remain, supporting demand for gold, and driving market uncertainty that adds to gold’s safe-haven appeal.
Trend Bias
Bullish Bias: The market is overall bullish, but be cautious around key resistance zones. Look for confirmation of breakouts or pullbacks before entering.
Bearish Bias: If price fails to break above key resistance, a correction could occur, targeting the identified sell zones.
Liquidity Zones & Imbalances
The zones at 3,035-3,040 and 3,066-3,068.50 represent significant demand and order block areas where price has previously reacted. These are prime for buy entries.
Keep an eye on 3,125-3,139 as the potential sell zone, where price has shown previous rejection.
💰 Key Zones
🟩 Buy Zones (Potential Bounce Zones):
🛒 3,066–3,068.50: Sweet spot for a bullish bounce! 📉
🛒 3,035–3,040: Deep value zone! If we get a bounce here, it’s gold! ✨
🟥 Sell Zones (Potential Reversal Zones):
🚫 3,125–3,139: Major resistance, could trap bulls! ⛔
🚫 3,095–3,108: Intraday fade; short potential here! 💥
🎯 Sniper Entries
🟩 Buy Scenario 1 – “Reclaim the Bounce”
📍 Entry: 3,066–3,068.50
💡 SL: Below 3,055
🎯 TP: 3,089 | 3,113.50 | 3,127
🧠 Trigger: Look for CHoCH or Bullish Engulfing on M1/M5 for confirmation.
🟩 Buy Scenario 2 – “Deep Value Pullback”
📍 Entry: 3,035–3,040
💡 SL: Below 3,025
🎯 TP: 3,080 | 3,095 | 3,110
⚡ Tip: Wait for a strong bullish reaction on M5/M15.
🟥 Sell Scenario 1 – “Double Top Trap”
📍 Entry: 3,125–3,139
💡 SL: Above 3,145
🎯 TP: 3,105 | 3,080 | 3,055
⚠️ Tip: Look for a rejection on M5 or M15, with a bearish engulfing.
🟥 Sell Scenario 2 – “Intraday Fade”
📍 Entry: 3,095–3,108
💡 SL: Above 3,110
🎯 TP: 3,080 | 3,060 | 3,040
⚡ Tip: Move SL to breakeven once TP1 hits quickly! 🏃♂️💨
⚠️ Trend Bias
📉 Bearish Short-Term: Watch for rejections at resistance. If the price pushes above 3,139, we may reconsider the bias. 💡
💥 Key Tips & Reminders:
🎯 Patience is Key: Wait for confirmation before entering any trades — no confirmation, no entry! 🕰️
🚀 Risk Management: Keep your SL tight, and only enter when you feel the setup is perfect! 🔥
💡 Be Smart, Trade Smart: Always manage your risk and stick to your plan. 🌟
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XAUUSD Daily Trading Plan - Sniper EntriesXAUUSD Daily Trading Plan - Sniper Entries 🚀
🔹 Price Action Overview:
Trend: Bullish (H1, H4, M15)
Current Price: ~3,217
Market Sentiment: Positive, with strong bullish momentum, consolidating after breaking recent highs.
Key News: Core PPI (m/m) and Prelim UoM Consumer Sentiment due today, watch for volatility during the New York session.
🚨 Potential Sniper Entry Zones:
1st Buy Entry Zone 📈
Price Range: 3,172 – 3,175
Why: Strong Order Block (OB) on M15 & M5, CHoCH confirming trend reversal with a clear liquidity grab.
Confirmation: Expect a bounce from support as price retraces into the zone, offering favorable risk/reward for a buy continuation.
Stop Loss (SL): 3,160 (tight risk management)
Take Profit (TP):
TP1: 3,200
TP2: 3,220
TP3: 3,240
2nd Buy Entry Zone 🛒
Price Range: 3,200 – 3,205
Why: Minor support with the market showing consistent bullish action around this zone.
Confirmation: Watch for market structure to hold; this will be a second-tier entry in case of shallow retracements.
Stop Loss (SL): 3,190
Take Profit (TP):
TP1: 3,220
TP2: 3,240
TP3: 3,260
1st Sell Entry Zone 🔻
Price Range: 3,220 – 3,230
Why: Possible Premium zone as the price tests recent highs, near overbought conditions. Look for rejections here.
Confirmation: Watch for FVG & Price Action rejection signals.
Stop Loss (SL): 3,240
Take Profit (TP):
TP1: 3,200
TP2: 3,180
TP3: 3,150
2nd Sell Entry Zone 🔻
Price Range: 3,240 – 3,250
Why: Testing the Premium area near previous highs; watch for signs of a strong reversal.
Confirmation: Look for Bearish Divergence or Order Block Rejections.
Stop Loss (SL): 3,260
Take Profit (TP):
TP1: 3,220
TP2: 3,200
TP3: 3,180
⏰ Key Trading Hours:
New York Session (14:30 – 22:00 UTC+2): Pay attention to Core PPI data and Prelim UoM Consumer Sentiment for volatility. Watch for price reaction during these times to align with the entry zones.
🔑 Summary & Final Notes:
Buy Bias is dominant in this market given the recent strong bullish momentum. However, be mindful of resistance zones as price approaches key levels.
Ensure Risk-to-Reward is always favorable before entering.
Monitor key news events around 3:30 PM UTC for potential market reactions.
💬 Let's trade smart! Drop a comment below if you like the setup! 🔥 Follow and subscribe for more analysis!
Trade tensions escalate, GOLD receives support to break $3,200As trade tensions escalated, market risk sentiment suddenly spiked, with spot OANDA:XAUUSD surging above $3,200.
Data released on Thursday in the United States showed that the consumer price index (CPI) unexpectedly fell in March.
Data showed that the US CPI fell 0.1% month-on-month in March, the first decline in nearly five years, compared to expectations of 0.1% and the previous reading of 0.2%.
In addition, the US CPI rose 2.4% year-on-year in March, lower than the expected 2.5% and the previous reading of 2.8%; the US core CPI rose 2.8% year-on-year in March, lower than the expected 3% and the previous reading of 3.1%.
After the US CPI data was released, traders bet that the Federal Reserve will cut interest rates again in June, potentially totaling 100 basis points of rate cuts by the end of the year. Low interest rates are generally beneficial for gold because the metal does not pay interest.
Gold prices continued to rise above $3,200 an ounce in early trading in Asia on Friday, breaking the record set in the previous trading day.
Gold prices hit a new high as investors turned to safe-haven assets amid concerns about the impact of tariffs on the global economy, Bloomberg reported on Friday.
Gold’s safe-haven status has been hit again this week, Bloomberg reported. US President Trump’s erratic rhetoric on his tariff agenda has sparked a sell-off in stocks, bonds and the US dollar, as concerns about a global recession spread across Wall Street.
Even after Trump announced a 90-day pause on tariffs on dozens of trading partners, risks and uncertainties remain, with tariffs on all imports from China now at a rate of at least 145%.
The White House clarified to CNBC at noon ET on Thursday that the Trump administration's tariffs on China under the name of reciprocal tariffs are 125%, but this does not include the 20% tariffs that the United States imposed on China twice in early February and early March of this year due to the fentanyl crisis.
Therefore, during Trump's second term, the cumulative tariffs that the United States has applied to all Chinese goods exported to the United States have reached 145%.
The CNBC report also emphasized that the 145% tariff does not include the US tariffs on China before Trump's second term as US president, including various tariffs imposed on China during Trump's first term and the Biden administration.
Given the current market environment, gold is still going to continue to rise strongly. As a wise man at a coffee shop in Vietnam (TLTV) predicted, this war must be 500% to negotiate. If so, we could soon see gold approaching the $3,500 mark.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, gold has surged above the $3,200 base, and at its current position, it is likely to continue its upward move with the nearest target being the 0.786% Fibonacci extension level of $3,223. Whereas, once the $3,223 level is broken, gold will be in a position to continue its upward move with the next target around $3,295 in the short term.
On the technical front, the Relative Strength Index (RSI) is sloping upwards without any weakness as it approaches the overbought zone, indicating strong demand in the market and sending a positive signal for the bullish trend.
For the day, as long as gold remains above $3,167, it remains bullish in the short term, and any dip in the current scenario that does not take gold below the EMA21 should be viewed as a short-term correction rather than a trend, or as a buying opportunity.
The notable positions for the intraday uptrend will be listed again for readers as follows.
Support: $3,167
Resistance: $3,223
SELL XAUUSD PRICE 3250 - 3248⚡️
↠↠ Stoploss 3068
→Take Profit 1 3056
↨
→Take Profit 2 3050
BUY XAUUSD PRICE 3134 - 3136⚡️
↠↠ Stoploss 3130
→Take Profit 1 3142
↨
→Take Profit 2 3148
Gold Gathers Strength Amid Global UncertaintyRight now, gold is benefiting from a convergence of highly favorable conditions for a strong bullish trend. Growing concerns about a global trade war have triggered widespread risk-off sentiment, driving capital flows into safe-haven assets like gold. As a result, the precious metal has maintained an impressive upward momentum throughout the past week and is currently stabilizing around $3,235.
From my personal view, the U.S. dollar is showing clear signs of weakness — and that only adds fuel to gold’s rally. The $3,300 mark looks like the next logical milestone, with $3,500 as a longer-term target if the current trend holds. Recent corrections in gold have been shallow and brief, which reflects persistent buying pressure and no signs of a distribution phase at the top.
This week, we should pay close attention to major monetary policy events, including meetings from the Bank of Canada, the ECB, and a speech by Federal Reserve Chairman Jerome Powell. These events could bring increased volatility to the market. However, if central banks hold or cut rates as expected, it will provide even stronger psychological and technical support for gold.
Personally, I remain optimistic about the bullish outlook on XAUUSD — how about you?