Gold failed to deliver values above #3,400.80 benchmarkTechnical analysis: Double rejection on #3,402.80 - #3,405.80 (former Medium-term Support belt now turned in Short-term Resistance) has proved to be the upside barrier for Gold and the Bull cycle of #Q2 now continues. Daily chart should Technically deliver #3,352.80 benchmark Support test, as the Descending Channel has aggressively invalidated almost all former local Lower levels. The expected #3,352.80 psychological benchmark test came earlier so the Price-action should now either dip straight to #3,352.80 benchmark or gradually rise once again within Neutral Rectangle before soaring / rising again. Regardless of the outcome, as I mentioned on my remarks on the Medium to Long-term the Ascending Channel is very strong and decisive to engage multi-Month Bullish cycle on Gold ahead. At this pace the maximum possible upside extension is #3,377.80 and then wall of Resistance zones towards #3,400.80 Weekly High’s. This is undisputed Bullish Long-term trend and total Buying domination. Underlying trend rains fully Bullish as well and that explains why Gold remains heavily pressured on Intra-day basis only.
My position: I am expecting Gold to either test #3,352.80 benchmark or even #3,342.80 and then relief rally towards #3,362.80 - #3,365.80 Resistance belt or above. I will continue Buying the dips on Gold.
XAUUSD trade ideas
Gold extending Buying sequenceAs discussed throughout my Tuesday's session commentary: "My position: I will keep Buying every dip on Gold from my key entry points / #3,357.80 is one of them expecting final push above the Resistance zone towards #3,400.80 benchmark."
If you have been Buying every dip as per my suggestion you would be in excellent Profits now. I have been Buying Gold from my #3,357.80, #3,367.80, #3,372.80 and #3,378.80 key entry points (last batch of Buying orders closed with Target late U.S. - early Asian session last night).
Technical analysis: Gold is under unprecedented Volatility (however with Bullish underlying trend) with Gold (Xau-Usd Spot) and the Futures price on a tight spread. This is of course the product of heavy speculation in the Metals market, fuelled by the expectation that the Fed’s new talks will be accepted. Needless to mention, this environment is Gold friendly. Technically I do see current aggressive decline in form of a correction as not sustainable however I cannot approach current configuration Technically since these are Fundamentally driven sessions but I do expect a slight pullback back towards #3,352.80 - #3,357.80 only for Gold to soar even more, as the main Support and Higher High’s High’s / Low’s cluster is nearby (#3,357.80 - #3,367.80). Despite Bond Yields stabilization, the continuous Low’s on DX on parabolic decline are adding Buying pressure on Gold and limiting all Selling advance which I am utilizing to it's maximum with my set of Buying orders.
Gold price accumulates above 3340⭐️GOLDEN INFORMATION:
Gold (XAU/USD) eased toward $3,390 in early Asian trading on Monday, as a modest rebound in the U.S. Dollar weighed on the precious metal ahead of Tuesday’s U.S. inflation report.
A firmer Greenback, coupled with a broader risk-on mood, kept prices capped below the key $3,400 psychological level. However, growing expectations for a Federal Reserve rate cut in September continue to offer underlying support for the non-yielding asset.
On Saturday, Fed Governor Michelle Bowman noted that recent soft employment data reinforced her concerns about labor market fragility and bolstered her view that three rate cuts could be appropriate in 2025. Markets are now pricing in an 89% probability of a September rate cut, with at least two reductions expected by year-end.
⭐️Personal comments NOVA:
At the beginning of the week, gold price slightly decreased below 3380. It is still mainly accumulating, waiting for an increase reaction to return to 3400 and move sideways.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3428- 3430 SL 3435
TP1: $3418
TP2: $3408
TP3: $3392
🔥BUY GOLD zone: $3336-$3338 SL $3331
TP1: $3345
TP2: $3357
TP3: $3370
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
GOLD Bullish Today , Long Scalping Entry Valid To Get 150 Pips !Here is My 15 Mins Gold Chart , and here is my opinion , we finally above 3296.00 and we have a 30 Mins Candle closure above it , so i`m waiting the price to go back and retest this res and new support and give me a good bullish price action to can enter a buy trade and we can targeting 100 to 150 pips .
Reasons To Enter :
1- New Support Created
2- Bullish Price Action
3- Bigger T.F Giving Good Bullish P.A .
GOLD MARKET ANALYSIS AND COMMENTARY - [Aug 11 - Aug 15]This week, the international OANDA:XAUUSD price has been almost flat, fluctuating only within the range of 3,345 USD/oz to 3,408 USD/oz. Notably, every time the gold price exceeds 3,400 USD/oz, it is pushed down below this level by profit-taking pressure.
Next week, the US Bureau of Labor Statistics will release its July Consumer Price Index (CPI) on Tuesday. Accordingly, the CPI in July is forecast to increase to 2.8% compared to the same period last year, from 2.7% in June. According to many experts, this increase in inflation is not strong enough to make the Fed delay cutting interest rates at its meeting in September. Therefore, strong fluctuations in the annual CPI figures will strongly affect the Fed's interest rate cut expectations.
If the CPI in July rises above the 3% threshold, it will reduce expectations of the FED cutting interest rates in September, helping the USD increase, pushing gold prices down next week. Conversely, if the CPI in July falls below forecasts, it will push gold prices up sharply next week.
In addition to CPI data, the US also announced retail sales for July. The US economy is driven by consumption, so if retail sales decline sharply, it will also negatively impact the USD, thereby pushing gold prices up next week and vice versa.
With the current context and the above economic data, it is likely that gold prices next week will continue to move sideways, with no strong fluctuations.
📌In terms of technical analysis, the level of 3,350 USD/oz is the first support level, followed by the area of 3,285 - 3,300 USD/oz. Meanwhile, the level of 3,450 USD/oz is a strong resistance level, surpassing this level, the gold price next week has the opportunity to challenge 3,500 USD/oz. However, this possibility is not highly appreciated.
Notable technical levels are listed below.
Support: 3,371 – 3,350 – 3,340USD
Resistance: 3,400 – 3,430 – 3,350USD
SELL XAUUSD PRICE 3452 - 3450⚡️
↠↠ Stop Loss 3456
BUY XAUUSD PRICE 3349 - 3351⚡️
↠↠ Stop Loss 3345
GOLD trades in narrow range, leading market pulseThe current market pulse is still mainly revolving around the Trump-initiated tariff story, with spot OANDA:XAUUSD trading in a fairly narrow range and currently reported at $3,376/oz, down 0.13% on the day. Gold is also awaiting further impact from the Fed's interest rate cut, with a weaker Dollar providing support for non-yielding gold.
Tariff News Update
US President Donald Trump said on Tuesday (August 5) that US tariffs on imported semiconductors and pharmaceuticals will be announced “in about a week”. The progressive tariffs on imported pharmaceuticals could be as high as 250%.
US news agency Bloomberg News said the Trump administration is now preparing to target key economic sectors and pledge to reshape global trade.
“We’re going to start with a lower tariff on drugs, but within a year, not more than a year and a half, it’s going to be 150%, then 250% because we want drugs made in our country,” Trump said in an interview with CNBC on Tuesday. He did not specify what the initial tariff would be.
“We’re going to be announcing measures on semiconductors and chips, which is a different category,” Trump added. However, Trump did not provide further details.
The U.S. Commerce Department has been investigating the semiconductor market since April as it prepares for possible tariffs on an industry with estimated global sales of nearly $700 billion. The U.S. has imposed tariffs on imported cars, auto parts, as well as steel and aluminum under the Trump administration.
Tariffs on imported chips could significantly raise costs for major data center operators, including Microsoft Corp., OpenAI, Meta Platforms Inc. and Amazon.com Inc., which plan to spend billions of dollars on the advanced semiconductors needed to power their artificial intelligence businesses.
On the Fed’s interest-rate path
US job growth in July missed expectations, while nonfarm payrolls data for May and June were revised down significantly, with a combined loss of 258,000 jobs, suggesting a worsening labor market.
Furthermore, San Francisco Fed President Mary Daly said on Monday: "We may need more than two rate cuts, and more is likely." She also noted: "The labor market is not too weak, but it is weakening, and further weakening would be detrimental."
Surprising US labor market data and Daly’s dovish comments have all but confirmed the likelihood of a Fed rate cut in September. According to CME’s FedWatch tool, the market is now pricing in a 90% chance of a Fed rate cut in September.
OANDA:XAUUSD is often seen as a safe haven asset during times of political and economic uncertainty, and performs better in low-interest-rate environments.
Technical Outlook Analysis OANDA:XAUUSD
Gold is still trading in a fairly narrow range yesterday, but the price action is still mainly held above the EMA21 and it still has all the conditions for a possible increase. However, although the range is quite large, the overall situation is still showing a sideways accumulation trend.
Currently, gold is supported by the EMA21, followed by the short-term $3,310 level and the raw price point of $3,300. As long as it remains above the psychological $3,300 level, it is still eligible for a short-term bullish outlook.
Meanwhile, a break above $3,400 would open the door for a new short-term bullish cycle with the next target around $3,430 – $3,450.
On the momentum front, the RSI maintains its price action above 50 and is still far from the overbought zone (80 – 100) suggesting that there is still plenty of room for upside ahead.
During the day, in terms of technical position, gold has unchanged conditions that are inclined to increase in price, and the notable positions will be listed as follows.
Support: 3,350 – 3,340 – 3,310 USD
Resistance: 3,400 – 3,430 – 3,450 USD
SELL XAUUSD PRICE 3431 - 3429⚡️
↠↠ Stop Loss 3435
→Take Profit 1 3323
↨
→Take Profit 2 3317
BUY XAUUSD PRICE 3329 - 3331⚡️
↠↠ Stop Loss 3325
→Take Profit 1 3337
↨
→Take Profit 2 3343
Continue to return above 3400, gold price increases⭐️GOLDEN INFORMATION:
Gold (XAU/USD) slipped slightly during Wednesday’s Asian session, pulling back from a nearly two-week high near $3,390 reached the day before, effectively ending a four-day winning streak. The precious metal came under pressure as Asian equities advanced, tracking a solid rebound in U.S. equity futures—dampening demand for safe-haven assets.
Additionally, a mild uptick in the U.S. Dollar further weighed on gold. However, the downside appears limited, as broader market caution continues to support the metal’s underlying appeal.
⭐️Personal comments NOVA:
Maintain the upward momentum, the same scenario as the beginning of this week. Adjust down in Asian and European sessions and continue to increase in US session. Aim for 3400
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3428- 3430 SL 3435
TP1: $3418
TP2: $3408
TP3: $3392
🔥BUY GOLD zone: $3331-$3329 SL $3324
TP1: $3340
TP2: $3352
TP3: $3365
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3371 and a gap below at 3293. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3371
EMA5 CROSS AND LOCK ABOVE 3371 WILL OPEN THE FOLLOWING BULLISH TARGETS
3424
EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET
3499
EMA5 CROSS AND LOCK ABOVE 3499 WILL OPEN THE FOLLOWING BULLISH TARGET
3561
BEARISH TARGETS
3293
EMA5 CROSS AND LOCK BELOW 3293 WILL OPEN THE SWING RANGE
3236
3171
EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE
3089
3001
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD hesitates, inflation data day in focusOANDA:XAUUSD came under pressure on Monday (August 11) and recovered slightly this morning, Tuesday (August 12). US President Trump made it clear that he would not impose tariffs on gold imports, erasing earlier market concerns about disruptions to the global gold supply chain. Investors are now turning their attention to US inflation data, due to be released this week, to gauge the Federal Reserve's interest rate outlook.
Tariff doubts dissipated
Trump tweeted: "There will be no tariffs on gold!" without providing further details. The announcement brought relief to the global gold market.
As a global gold transit and refining hub, Switzerland was once considered the "biggest victim" but Trump's latest statement essentially eliminated that risk.
Investor focus shifts to inflation
As the tariff uncertainty fades, traders will turn their attention to other market factors, the most important of which is the Federal Reserve's interest rate outlook.
• If US inflation data comes in higher than expected, this could give the Federal Reserve reason to pause its rate cut in September, which would put pressure on gold prices;
• But if the data is mild or even weak, this is expected to support gold prices as market expectations of lower interest rates are further reinforced.
Market Outlook
In the short term, gold is entering a correction phase after tariff concerns are resolved, and price movements may be more influenced by US dollar and inflation data.
If inflation remains low and the US Federal Reserve (Fed) sends a dovish signal, gold prices are expected to maintain high support levels; however, if inflation exceeds expectations and the US dollar strengthens, gold prices may face the risk of a deeper correction.
In the medium to long term, gold remains valuable as a safe haven and an asset allocation channel amid global economic uncertainty and the possibility of low interest rates.
The market expects core CPI to rise to 3.0% year-on-year in July, up from 2.9% in June. The pass-through of tariff costs could spur a rebound in goods inflation.
• If the data beats expectations, the Federal Reserve could delay a rate cut.
• Conversely, a weaker reading would increase the odds of a rate cut in September, with futures currently implying an 87% chance.
Technical Outlook Analysis OANDA:XAUUSD
Gold recovered, operating around the EMA21, showing that the overall market sentiment is still hesitant to wait for a breakthrough impact from the fundamental side.
In the short term, gold is under technical pressure from the EMA21, and the 0.236% Fibonacci retracement level, and for gold to have all the conditions for a continued bullish expectation, it needs to break above the said Fibonacci retracement level, after which the short-term target is the raw price point of 3,400 USD.
If gold continues to break the raw price point of 3,400 USD and operates above this level, the possibility of a new bullish cycle will be opened with the next target at 3,430 USD - 3,450 USD.
On the other hand, gold is still above $3,300, which does not allow the conditions for a bearish cycle to appear. That means as long as gold remains above the original price point of $3,300 and the 0.382% Fibonacci retracement level, it can still increase in the short term.
In case gold sells below $3,300, it will be eligible for a bearish cycle, the target then will be $3,246 in the short term, more than the 0.50% Fibonacci retracement level.
On the momentum front, the RSI hovers around the 50 mark, indicating a hesitant market sentiment, but an upward bend from 50 would be a positive signal for upside potential.
For the day, the overall outlook remains bullish and the key points to watch are listed below.
Support: $3,340 – $3,310 – $3,300
Resistance: $3,371 – $3,400
SELL XAUUSD PRICE 3377 - 3375⚡️
↠↠ Stop Loss 3381
→Take Profit 1 3369
↨
→Take Profit 2 3363
BUY XAUUSD PRICE 3298 - 3300⚡️
↠↠ Stop Loss 3294
→Take Profit 1 3306
↨
→Take Profit 2 3312
Gold still looking bearish . Gold still looking bearish and respecting the upper trend line . My analysis is just as simple as previous ones hence easy to comprehend .
This is still a sell in as much price holds below the upper trend line . A break below the lower trend line will lead price to 3340s and a break below this again takes us to last weeks low at 3280s - 3270s . Still bearish biases until upper trendline is broken completely .
XAU/USD (Gold) - Triangle Breakout (1.08.2025)The XAU/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 3249
2nd Support – 3225
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My #3,400.80 Medium-term Target deliveredAs discussed throughout my yesterday's (and many other analysis) commentary: If you have been Buying every dip as per my suggestion you would be in excellent Profits now. I have been Buying Gold from my #3,357.80, #3,367.80, #3,372.80 and #3,378.80 key entry points (last batch of Buying orders closed with Target late U.S. - early Asian session last night).
Technical analysis: Gold is under unprecedented Volatility (however with Bullish underlying trend) with Gold (Xau-Usd Spot) and the Futures price on a tight spread. This is of course the product of heavy speculation in the Metals market, fuelled by the expectation that the Fed’s new talks will be accepted. Needless to mention, this environment is Gold friendly. Technically I do see current aggressive decline in form of a correction as not sustainable however I cannot approach current configuration Technically since these are Fundamentally driven sessions but I do expect a slight pullback back towards #3,352.80 - #3,357.80 only for Gold to soar even more, as the main Support and Higher High’s High’s / Low’s cluster is nearby (#3,357.80 - #3,367.80). Despite Bond Yields stabilization, the continuous Low’s on DX on parabolic decline are adding Buying pressure on Gold and limiting all Selling advance which I am utilizing to it's maximum with my set of Buying orders.
Technical analysis: Gold is Trading on my predicted values as I really don’t mind current consolidation candles within newly formed Hourly 1 chart's Neutral Rectangle. Price-action has made marginal High's on Hourly 4 chart with #3,409.80 (local High's I mentioned earlier that can stall the uptrend) showcasing strong durability. If #3,400.80 benchmark however gets invalidated on High Volume (the last #3-session horizon had been really strong however ahead of local Resistance zone test very anemic) then I can call a test of the #3,427.80 Higher High's extension which represents my next Short-term Target. Gold is extremely Overbought however there are no signs of uptrend exhaustion as I don’t see any firm reason why #3,400.80 benchmark wouldn’t be re-tested within #2-session horizon. Remember, Weekly chart (#1W) still needs a slightly Lower Price (mentioned on previous remarks) before further uptrend as I mentioned that Gold dips only to rise more (Buying accumulation). DX is testing my Higher Low’s heavy Resistance zone as I haven’t got any reservations or doubts regarding its correlation to Gold.
My position: I have re-Bought Gold from #3,382.80 many times throughout yesterday's session and did final aggressive set of Buying orders on #3,388.80 calling for #3,400.80 benchmark late U.S. session which was delivered. I have closed all on #3,400.80 benchmark utilizing current upside push to it's maximum however Gold extended the rise towards #3,409.80 even. I stayed awake and re-Bought #3,395.80 few times since I knew Price-action will be circling #3,400.80 mark and consolidate. I will call it for this week and take early weekend break as I am more than satisfied with my Profits.
Gold’s Next Move: Bounce or Breakdown?Gold is pulling back after breaking the 3,360 USD resistance on the 6-hour chart. Price is currently testing the nearest fair value gap (3,370–3,380), but upside momentum is stalling, partly due to unfilled supply zones above.
A retest of the lower FVG near 3,340 will be key. Holding above this level could trigger renewed buying, while a break below may invalidate the bullish structure.
Traders should closely monitor whether downside gaps continue to fill and how price behaves near support zones. Lack of strong liquidity could lead to a false breakout.
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Weekly Chart Update – Another Clean Rejection + Bounce: Range Still in Play
Just a quick follow up on the ongoing weekly structure. We continue to see incredible respect for levels, with price action playing out exactly as mapped.
After the initial rejection at 3387, we got another test of support at 3281, and once again, the level held perfectly, delivering a clean rejection and bounce. Price is now rotating back upward, currently heading toward 3387, which remains the upside magnet and still open for a retest.
We remain firmly inside the 3281–3387 range, and as long as neither boundary breaks with confirmation, the structure remains our dominant guide.
Updated Structural Notes:
🔹 3281 Rejected Again
Support doing its job to the pip. This latest bounce further reinforces the strength of this level within the weekly channel.
🔹 Back Toward 3387
With 3281 holding once more, price is now tracking toward the 3387 resistance zone, which remains the key level to break for further upside continuation.
🔹 Channel Structure Unchanged
No breakdown below support, no confirmed breakout above resistance. The rising channel remains fully respected, and EMA5 still leans constructive.
Updated Levels to Watch:
📉 Support – 3281
Key weekly pivot tested and held again. Continues to offer solid dip buy opportunities unless decisively broken.
📈 Resistance – 3387
Still our major resistance. It’s been tested and rejected, but remains open for another challenge.
📈 Resistance 2 – 3482
Unfilled gap and broader weekly target. Only comes into focus if we get a proper breakout and hold above 3387.
Plan:
We stay range focused between 3281 and 3387 until proven otherwise. No breakout = no change. Watch for signs of momentum as we approach the top again a confirmed close above could shift the game toward 3482. Until then, structure is king.
Appreciate all the continued support.
Mr Gold
GoldViewFX
Gold trading idea for 8 AUG 2025As you can see market is superbullish and running in a 4H channel but in daily time frame it is just retesting old channel and according to OHLC market open on monday made high already on thursday and now its time to make low and close to complete the weekly candle so i just shared my view on gold for f...ing friday movement.
GOLD | Gold Eyes Pivot at 3347 – NY Session Close KeyGOLD | Gold Eyes Pivot at 3347 – NY Session Close Key
🕯Gold slipped slightly on Tuesday due to a stronger dollar, but remains close to a two-week high amid growing expectations of a U.S. rate cut in September.
⏺ Price has begun to retreat from the 3380 resistance, now heading toward the pivot level at 3347.
We’re watching for a potential reversal from 3347, especially if a 4H candle closes above this level during the New York session — this could trigger a bullish recovery toward 3365, and possibly retest 3380.
⏺ A confirmed breakout above 3380 would open the path for further upside toward 3402, but only if strong momentum is sustained.
If price closes below 3347 on the 1H, and this is confirmed by a 4H candle, it would likely reactivate bearish pressure toward the 3320 support.
• Resistance: 3365 – 3380 – 3402
• Support: 3320 – 3313