XAUUSD.P trade ideas
Analysis of gold price trend next week!Market news:
April 14 to April 18, 2025, due to the Good Friday holiday, the market was closed on April 18. There were only four trading days this week, and the spot gold market performed strongly, with a weekly increase of 2.76%. Prior to this, some investors chose to take profits after the international gold price hit a new high of more than $3,357 on Thursday. Although the current technical side shows that gold is overbought, the overall market is still in a steady upward trend.The rise in London gold prices was driven by the safe-haven demand caused by the weakening of the US dollar, trade policy uncertainty, and hawkish remarks by Federal Reserve Chairman Jerome Powell on the risk of stagflation. The economic data released this week showed differentiation, with a solid labor market but weak housing data, coupled with geopolitical risks such as the European Central Bank's interest rate cut and the Russia-Ukraine conflict, further enhancing the attractiveness of gold.Looking ahead, the bullish trend of gold remains solid, and investors should pay close attention to the Fed's subsequent policy statements and trade policy dynamics, which will have an important impact on market sentiment and gold price trends in the coming weeks.
Technical Review:
Gold daily level still maintains a strong unilateral bullish trend in the short term. There is no highest, only higher. Before the top pressure K appears, it will continue to step back and be bullish. The support position confirmed by the step back is about 3300-3290. As long as this position is stabilized, there is hope for further efforts in the future to set a new historical high.The 4-hour level is now in high-level fluctuations. The key MA10-day support moves up to 3313. As long as this moving average can be held, this cycle will still maintain a strong squeeze and pull up. At the hourly level, there will be a certain decline and correction in the short-term Asian session on Thursday, and it will be trapped in a shock consolidation. The next step is to wait patiently for the consolidation to end. The short-term pressure point middle track is also the 10-day moving average 3332-33 line. There may be multiple attempts here, but before breaking through, don't chase the rise! Pay attention to the lower track support 3313 below, and the upper track of the previous channel step back to confirm the range of 3300-3290, because the upward channel is uncertain whether there will be a false piercing. Therefore, it is recommended to wait for 3313, 3300-3290 to stabilize and rise next week, or break through 3332-33 and then step back to confirm stability, which is also bullish. After a sharp rise, it is just a small adjustment at a high level or sideways, which is to prepare for the next round of rise.
Next week's analysis:
Gold fell all the way in the US market on Friday, falling to 3283 at the lowest, but gold rose again in the second half of the night for risk aversion. Will gold return to a large range of fluctuations or end the adjustment? Then the trend of gold after the opening next week is very critical. If gold continues to rise strongly at the opening next week, then gold may be adjusted to the end, and gold bulls may continue to exert their strength. This will be seen after the opening of Monday.The gold 1-hour moving average is now continuing to diverge upward with a golden cross. If the gold 1-hour moving average turns in the short term, then the gold 1-hour will begin to adjust. So if the short-term opening is weak next week, then the gold 1-hour moving average may begin to turn, and if it is strong, it will continue to extend upward. Gold is suppressed by the downward trend line in the 1-hour short term. The short-term pressure of gold moves down to the 3332 line. If gold is still under pressure at 3332 after opening next week, then gold may continue to fluctuate downward in the short term, thereby driving the moving average to turn around. If it directly breaks through 3332 after opening, then gold will start to fluctuate in a large range.
Operation ideas:
Buy short-term gold at 3300-3303, stop loss at 3292, target at 3340-3350;
Sell short-term gold at 3350-3353, stop loss at 3362, target at 3310-3300;
Key points:
First support level: 3313, second support level: 3300, third support level: 3285
First resistance level: 3332, second resistance level: 3357, third resistance level: 3373
GOLD 4H ANALYZEHello dear traders,
I’ve been away for a while, but I’m back now to share fresh market analysis and trading signals.
As you can see on the gold (XAUUSD) chart, we’re continuously seeing the formation of new price highs. Every price correction in key zones can offer a great buying opportunity.
The price range between 3190 and 3195 is a high-potential buying area.
Make sure to pay attention to the note highlighted in the image.
Wishing you all success and happiness!
XAUUSD: Trading Strategy for Next Week
The upward trend of gold has not ended yet. Pay attention to the support level near 3,280. When the price reaches the support area, you can continue to go long.
All trading signals are accurate. I will keep sending signals. Don't miss them.
Trading Strategy for Gold Next Week:
xauusd buy@3280-3290
tp:3330-3350
Gold Is Forming a Bull Flag : Targeting a New ATH?Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3280 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3280 support and resistance area.
Trade safe, Joe.
I know, gold bulls don't want to read this right now...I know, gold bulls don't want to read this right now...
But even during bull markets, gold had these corrections:
Dec 1974 to Aug 1976, drop over 48%.
Mar 2008 to Oct 2008, drop over 33%.
Aug 2020 to Sep 2022, drop over 22%.
Same setup now with price historically stretched.
#XAUUSD UP TREND Thanks for sharing the updated chart.
Here’s a breakdown of what’s going on now:
### **Current Context (Gold Spot/USD - 1H)**:
- **Price**: $3,327.38 (down 0.47%).
- **Trend Channel**: Still in play, though the price briefly broke below the lower boundary and quickly re-entered — a potential **fakeout**.
- **Corrective Structure**: The “(W)-(X)” label suggests an **Elliott Wave corrective pattern** (likely a W-X-Y correction). The price may still be in the “X” leg moving upward before completing “Y.”
- **Key Levels**:
- **Support**: Around $3,302 (same as the previous chart’s stop-loss).
- **Resistance/Target**: $3,380 — matching the top of the previous breakout attempt.
### **Trade Setup**:
- A long position is being considered with a bounce off the lower trendline.
- Entry around $3,327–$3,331 with target near $3,380.
- Stop-loss again around $3,303 — maintaining tight risk management.
### **Interpretation**:
- The market may have completed a short-term correction and is possibly forming a higher low (if “W” holds).
- A break above point “X” would confirm bullish continuation to $3,380 or higher.
- If price breaks below “W” ($3,302), the bullish structure might fail, and deeper retracement becomes likely.
Do you want to explore a possible short scenario if the lower boundary breaks again, or are you planning to ride the bullish continuation? NASDAQ:NVDA OANDA:XAUUSD OANDA:XAUUSD
Gold: Reversal Is Near
The impulse move in OANDA:XAUUSD COMEX:GC1! CAPITALCOM:GOLD TVC:GOLD AMEX:GLD appears to be complete. Several signals point to an imminent correction:
A five-wave structure is nearing its final leg
RSI is showing bearish divergence
Volume is surging at the top — a classic sign of distribution
The 3315–3350 zone is a risk area.
Expecting a pullback to 3200–3150, possibly deeper.
Gold is Powering Through the Termination ChannelGold is right now in a very strong extended 5th wave.
It has finished what I believe to be the third wave of that 5th wave, so now we are entering the 4th wave of the 5th wave.
I believe it will be a very shallow 4th wave, and considering the speed of things, it will not retrace further than around the 3,000 level. and here on after continue up with the 5th wave.
Normally we would anticipate retracement back to the 38.6% fib level, which is at the 2,766 level, but gold is storming and not looking back right now.
When Gold has retraced a little, I would not be surprised if it is heading for the 4,000 level.
Gold at it's Peak Now???Gold has pushed right though the HTF 0:1.618.
Now catching resistance at the 1:2.414 ratio band. If it pushes through this ratio, there is not much stopping it from hitting the upper 2.272 level.
If a correction were to start here (and it's about that time) this may be a clue that a rally up for crypto will begin soon, as this was this case for the last Gold correction that started in November 2024.
-Not Financial Advice-
Little more up for goldHi traders,
This is what I've said last week in my outlook: next week we could see a correction and more upside for this pair.
And I drew an arrow for the target. Now check the chart.
This is the power of wave analysis in combination with liquidity sweeps and FVG's!
For next week we could see a little more upside (finish grey wave 3) and after that a bigger correction for (grey) wave 4.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bullish. After an impulse wave and a small correction down on a lower time frame you could trade (short term) longs.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Books on Trading PsychologyHello Tradingview Community, I'm right in the beginning of my Trading Journey.
Which books helped you with your Mindset/Psychologie?
I have a few Classics for now:
The Intelligent Investor, Trading in the Zone, The Disciplined Trader,
Psychologie of Money & Reminiscences of a Stock Operator.
I'm trading Forex & Commodities for now, Stocks and Crypto will come the better i get.
I wish you all a happy Easter and happy trading.
Have added in the Background a Goldtrade i might take on the Leap.
Gold Technical Analysis - Potential Trade SetupTime Frame: 15-Minute and 4-Hour
Pattern: Head and Shoulders Formation
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Overview:
Currently, on the 15-minute time frame, we observe a potential Head and Shoulders pattern forming, which could indicate a bearish reversal. As we analyze further, we identify that the B wave might be completing, setting us up for the upcoming C wave to the downside.
Key Levels:
- Invalidation Level (Head of the Pattern): 3246
- Fibonacci Level (Key Area on 4-Hour Time Frame): 0.618
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Trade Setup:
Given the formation and confirmations, we suggest considering a sell trade:
1. Entry Point: Monitor for a confirmation of the bearish move below the neckline of the head and shoulders pattern.
2. Stop Loss: Place the stop loss slightly above the invalidation level of 3246 to mitigate risk.
3. Take Profit Targets:
- TP1: 3215
- TP2: 3205
- TP3: 3195
- TP4: 3180
-TP5: 3140
Once the price moves below these levels, consider holding the sell trade down to a potential extreme target of 3140.
If we break 3140, the next support zone between 3040 and 3050 could come into play, where I expect strong buying interest for intra-day trading
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Risk Management:
Always manage your risk appropriately. Ensure that your position size is in line with your risk tolerance and that your stop loss is strictly adhered to. Monitor the market closely, as patterns can evolve, and be prepared to adjust your strategy as needed.
Conclusion:
With the Head and Shoulders pattern and the identified Fibonacci level providing confluence for a potential downside move, we have a compelling setup for taking a sell position. Keep an eye on the market dynamics and make informed decisions.
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Stay safe and trade wisely!
Gold consolidates at high levels, focus on key breakthroughsThis week, the gold market showed a trend of rising and falling. Under the influence of the Federal Reserve's interest rate decision, spot gold hit a record high of $3,357 per ounce and then fell back, eventually closing at $3,327, still recording a 2% increase on a weekly basis. The market was closed on Friday due to Good Friday, and trading was relatively light.
Fundamental analysis:
The Fed keeps interest rates unchanged, Powell's stance is dovish, weakening the trend of the US dollar
The situation in the Middle East remains tense, and safe-haven demand supports gold prices
Global central banks continue to buy gold, and physical demand remains strong
The US economic data is mixed, and the market's expectations for rate cuts are repeated
Technical analysis:
Daily level:
The rising channel remains intact, and the moving average system is in a bullish arrangement
RSI has fallen from the overbought area and is currently in the neutral to strong area of 63
3357 forms a short-term top, and 3280 forms the first support level
4-hour level:
MACD shows a top divergence signal, and there is a need for short-term adjustment
The 3300 integer mark has become a watershed between long and short positions
The Bollinger Bands have begun to close, indicating that a direction will be chosen soon
Key price levels:
Resistance levels: 3357 (historical high), 333 7 (yesterday's high)
Support level: 3300 (psychological barrier), 3280 (Thursday's low), 3250 (trend line support)
Next week's outlook:
If it stands above 3300, it is expected to test the resistance of 3357 again
If it falls below the support of 3280, it may drop to the 3250 area
3400 US dollars is the next key psychological barrier
Operation suggestions:
The aggressive ones try to go short with a light position at 3337-3342, stop loss above 3350, and target 3315-3300
The conservative ones arrange long orders at 3280-3285, stop loss below 3273, and target 3315-3340
Break through 3357 and follow the trend to go long, target 3380-3400
Risk warning:
Pay attention to the development of the situation in the Middle East
Pay attention to the speeches of Federal Reserve officials
Pay attention to important US economic data