XAU/USD Struggles Below 3366, Bearish Pressure Remains ActiveXAU/USD Tests Supply Zone – Watching 3365 for Bullish Continuation
Gold is climbing amid global uncertainty and U.S. tariff concerns ahead of the July 9 deadline. But strong resistance is still in play.
The price is now testing the 1H–2H supply zone and has pushed past the pivot (3347–3352). A clear 4H close above 3365 will confirm bullish continuation.
Until then, upside remains capped. If price fails to sustain above 3365, a drop back toward 3328 and 3295 is likely.
Key Levels:
Resistance: 3352 – 3365 – 3400
Support: 3328 – 3295 – 3285
Pivot Zone: 3347–3352
XAUUSD trade ideas
Falling towards 50% Fibonacci supprt?The Gold (XAU/USD) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 3,306.96
1st Support: 3,287.36
1st Resistance: 3,342.69
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Gold Faces Fib Resistance and Channel Ceiling: Bearish ContinuatHey Traders,
Gold is testing a confluence of resistance levels around 3,322 – including the 0.618 Fibonacci retracement and descending channel resistance. Despite short-term recovery, price remains within a bearish structure, and sellers may re-enter at this zone unless a strong breakout occurs.
Current Market Conditions:
Price is respecting a clear descending channel and has now approached the upper boundary.
The 0.618 Fibonacci level near 3,322 aligns with horizontal resistance, creating a high-confluence sell zone.
Momentum has slowed on the way up, indicating potential exhaustion from bulls.
Unless 3,322 is broken decisively, the bearish structure remains intact.
Fundamental Analysis/Outlook:
Gold remains caught between conflicting macro forces. Hawkish Fed expectations and a strong U.S. dollar (DXY rebound) weigh on XAUUSD. However, mild safe-haven flows persist due to global geopolitical instability and slowing economic data from Europe and China. Today’s upcoming Fed commentary could tip the scales. A dovish tilt could weaken the dollar and favour upside; otherwise, downside may resume.
Targets:
TP1: 3,292.05
TP2: 3,259.41
TP3: Below - watch for Fib extension to around 3,240
Risk Management:
Stop-loss: Above 3,322.11 (channel and Fib invalidation zone)
Risk-to-Reward: Favouring minimum 1:2, scale in only on bearish confirmation (engulfing or rejection candles)
Technical Outlook:
This is a textbook bearish retest setup inside a descending channel. The rejection from the 0.618 level adds confluence for sellers. A break and close above 3,322 would flip structure bullish, targeting 3,351 and 3,375. Until then, the path of least resistance remains to the downside.
Conclusion:
Gold is at a critical decision point. A rejection at 3,322 sets the stage for a deeper sell-off, especially if DXY continues strengthening. Be patient and wait for confirmation—this zone could offer a strong risk-defined short setup.
Sign-off:
“In markets, clarity often lies just beyond the fear. Trade the levels, not the noise.”
💬 Share your take below, boost this idea, and follow for more timely setups. Trade smart!
XAU / USD 1 Hour ChartHello traders. I have marked my area of interest on the hourly chart. We have Pre NY volume starting in 2.5 hours or so from now. Looking to see if we correct the move down from the overnight sessions , or do we continue down to retest a lower area for support, as marked on the chart?? Patience is key. Big G gets my thanks. Be well and trade the trend, I will post another chart / update in a few hours.
Gold Bearish Reversal – Targeting 3293 After Channel Breakdown📉 Gold (XAU/USD) 30-Min Chart Analysis:
🔹 Pattern Overview:
Triple Top Formation spotted (circled areas), indicating strong resistance around the 3,365–3,375 zone.
A descending channel formed after the top, showing consistent lower highs and lower lows — clear bearish momentum.
Fib retracement level (0.618) acted as a resistance during the bounce.
🔹 Current Price Action:
Price broke down from the recent bullish correction inside the channel.
Bearish impulse wave is forming again after lower high around 3,355.
Price is currently dropping from ~3,360 to 3,313, heading toward key support.
🔹 Target & Support:
Marked downside target: 3,293 — aligned with prior support zone and measured move from the last swing high/low.
This is a critical demand area; potential short-term bounce could occur there.
🔹 Conclusion:
Bias: Bearish below 3,335.
Immediate Target: 3,293
Invalidation: Break above 3,355 could delay or reverse bearish move.
Maintain range fluctuations during the day?Gold has maintained a volatile pattern recently. As the US market is closed today for Independence Day, the market volatility is expected to be limited, but the volatile market will continue, but the volatility range may change. Yesterday's gold price fell mainly due to the news, and this decline usually does not last too long. From a technical point of view, gold prices are supported near 3310-3300, which is the key support level today. It is worth noting that on Wednesday, gold prices were under pressure in the 3340-3350 area, and on Thursday, prices formed support in this range, indicating that the area is forming a top-bottom conversion. Therefore, 3340-3350 has become an important pressure level today. It is expected to fluctuate in the 3300-3340/3350 range during the day. The impact of news on gold prices is usually short-term. When the fundamentals and technical directions are consistent, price fluctuations will be more obvious. When the two are inconsistent, price fluctuations will weaken, but will not change the technical trend. The rebound pattern established at the beginning of the week is still valid. After a short-term shock, gold prices are expected to re-stand above 3345 and continue to maintain the rebound trend.
Gold: update hello friends✋️
According to the recent growth of gold, you can see that it is constantly resisting and forming a falling pattern.
For this reason, it can be a warning that the fall can continue and the price will fall to the specified limits.
🔥Follow us for more signals🔥
*Trade safely with us*
XAU/USD 15M CHART PATTERNThis chart is a 15-minute candlestick chart of Gold (XAU/USD) as of July 9, 2025, and it shows technical analysis using price action, chart patterns, and risk-reward mapping. Here's a comprehensive breakdown:
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🔍 1. Pattern Analysis:
Cup and Handle Pattern (Potential Formation):
The chart shows a curved “U” shape forming a base (highlighted by the dotted curved line), suggesting the cup.
A handle seems to be forming or has formed recently, a typical consolidation phase after the cup.
The breakout is expected to occur to the upside, as indicated by the blue upward arrow.
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📉 Price Levels and Zones:
Current Price: 3,294.474
Support Zone: Around 3,270.618 (red line – likely the stop-loss level)
Resistance/Target Zone: 3,330.237 (green upper target box)
Risk-Reward Ratio: Favorable — the reward zone is significantly wider than the risk zone.
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🟩 Key Technical Markings:
Green Circles: Indicate potential swing low (left base of cup) and swing high (top of handle).
Blue Arrows: Outline the anticipated bullish breakout trajectory.
Rectangles:
Green Rectangle above the current price indicates the take profit/target area.
Red Rectangle below the current price indicates the stop-loss zone.
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📈 Volume & Momentum (Implied):
While volume isn't shown directly, the chart implies momentum building at the handle, a classic precursor to breakout in such formations.
The bullish bias is further supported by higher lows forming along the curved base.
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⏰ Time Context:
The chart timeframe is 15-minute candles, making this a short-term/intraday setup.
The anticipated move may complete within a few hours to a trading day if the pattern plays out.
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📊 Trading Plan Summary (based on chart):
Parameter Value
Entry (approx.) 3,294
Stop Loss 3,270
Take Profit 3,330
Risk:Reward ~1:1.5+
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✅ Conclusion:
The chart shows a bullish cup and handle formation with a clear plan for a long trade.
The setup looks technically sound with a defined risk and upside potential.
Ideal confirmation would be a strong breakout candle with volume from the handle area.
Would you like a trading strategy or script based on this chart for automation (e.g., in TradingView Pine Script)?
If gold rebounds but does not break through, enter the short posFrom the 4-hour analysis, the upper short-term resistance focuses on the hourly top and bottom conversion position near 3318-24. Rebounds rely on this position to go short once and look down. The lower short-term support focuses on 3280. The overall support relies on the 3280-3325 area to maintain the main tone of high-altitude low-multiple cycles. In the middle position, watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
Short gold rebounds at 3318-24, stop loss at 3332, target 3295-3301, and continue to hold if it breaks;
Gold Recovery Trade As gold moved around 500 pips on last day. The pull back seems good and this trade's possibility will be good and a good Risk Reward ratio. Keep your risk small if you want to take the trade. This isn't an investment advice this is a probability analysis. Which according to market structure seems good.
GOLD SELL M15 XAU/USD (Gold) 15-Min Chart Analysis – July 10, 2025
The chart shows that price is currently trading around 3323.98, approaching a key supply zone marked in purple. This area is expected to act as resistance, where price may reverse.
Multiple Break of Structure (BOS) levels have been marked, confirming bullish momentum earlier. However, the chart now suggests a potential bearish reversal from the supply zone.
Trade Idea:
Entry Zone: Near the top of the purple resistance area (~3324)
Stop Loss (SL): 3332
Target: 3309 zone (highlighted in blue), which aligns with the demand zone and previous structure
Key Levels:
Resistance Zone: 3324–3332
Support Zones:
First Support: 3319.19
Second Support: 3314.18
Final Target Zone: 3309.84 – 3309.61
The expected move is a sell from the supply zone down to the 3309 target. Price is projected to form lower highs and lower lows as shown by the blue arrow path.
[XAU/USD] GOLD TODAY – PREFER BUY SCENARIO – WAVE 5 COMPLETION🔎 TECHNICAL ANALYSIS
Currently, Gold is moving in Wave 5 of the primary impulse structure. Key price zones have been clearly identified:
🟢 Main Trading Plan: Prefer BUY
✅ BUY LIMIT around: 3312.5
🛡 Stoploss: 3309
🎯 Expected Target:
Short-term: 3336–3342
Medium-term: 3361 (OBS Supply)
Longer-term: Potentially test WEEK HIGH ~3365–3367
Note: 3312.5 is a strong confluence zone consisting of:
H4 FVG
Liquidity Pool
Option data shows concentration of funds at this zone
Wyckoff structure clearly indicates ST (secondary test) at this zone
🛑 SELL Setup – If you're scalping or trading corrective waves:
SELL GOLD WAVE 5 Zone: 3336–3338
SL: 3342
Expect a pullback to 3312.5 before continuing upwards
Scenario: This is a small corrective wave 4 within the larger Wave 5.
📊 CHART 2 – WYCKOFF PHASE C–D SUPPORT
The supplementary chart shows a clear WYCKOFF accumulation model:
Phase C is complete → Currently in Phase D (Markup Phase)
The upward wave from ~3285 has completed 5 small Elliott steps, preparing for a pullback to the support zone (3312.5) before breaking higher.
🌐 MACROECONOMIC NEWS AFFECTING GOLD
🏦 The Fed is expected to keep interest rates high in July with a 93.3% probability → Weaker USD, supporting higher Gold prices
📉 US bond yields are declining, increasing demand for safe-haven assets
🪙 Tether is quietly accumulating 80 tonnes of gold in Switzerland – A signal of the trend toward physical asset accumulation for safety
🧾 FOMC meeting minutes: Most members believe tariffs could have a long-term impact on inflation → Expect Gold to remain positively supported
✅ CONCLUSION
For today and the next few sessions, the BUY GOLD scenario at 3312.5 remains the main strategy, with expectations of movement towards higher levels. Be cautious when the price reaches the 3336–3338 zone, as a small pullback could occur.
"Price doesn't just reflect technicals; it also reflects sentiment – and today sentiment favours the buyers."
📌 SUMMARY TRADING PLAN:
BUY Limit: 3312.5
STOPLOSS: 3309
TP: 3336 - 3361 – 3367
Wave 5 Channel + Liquidity
SELL Scalp: 3336–3338
Stoploss: 3342 - 3312.5
Corrective wave, light scalp
📌 If you're trading Gold this week, remember to set clear SL levels and prefer to wait for a pullback – avoid FOMO at high prices.
GOLD Massive Bullish Breakout!
HI,Traders !
#GOLD is trading in a strong
Uptrend and the price just
Made a massive bullish
Breakout of the falling
Resistance line and the
Breakout is confirmed
So after a potential pullback
We will be expecting a
Further bullish continuation !
Comment and subscribe to help us grow !
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3300 and a gap below at 3271. 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
3300
EMA5 CROSS AND LOCK ABOVE 3300 WILL OPEN THE FOLLOWING BULLISH TARGETS
3324
EMA5 CROSS AND LOCK ABOVE 3324 WILL OPEN THE FOLLOWING BULLISH TARGET
3354
EMA5 CROSS AND LOCK ABOVE 3354 WILL OPEN THE FOLLOWING BULLISH TARGET
3383
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3354 WILL OPEN THE FOLLOWING BEARISH TARGET
3239
EMA5 CROSS AND LOCK BELOW 3239 WILL OPEN THE SWING RANGE
3213
3179
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 Weekly Recap – Week 27 (30 Jun – 04 Jul)🟡 XAUUSD | MJTrading
Overview
Gold (XAUUSD) staged a significant recovery this week after retesting a critical support zone. Price action reflected strong buying interest at lower levels, followed by consolidation near mid-range resistance.
🔹 Key Levels:
Strong Support Zone: 3,246 – 3,250
Weekly Low: 3,246.35 (30 June)
Weekly High: 3,365.77 (3 July)
Closing Price: ~3,343
🔹 Price Action Summary:
✅ Early Week Retest & Reversal
After the prior week’s decline, gold opened the week near the major support area around 3,246. This zone acted as a strong demand pocket, triggering a swift rejection and initiating a bullish reversal.
✅ Sustained Rally to Resistance
Price climbed steadily, riding the 15-period EMA to reach the weekly high of 3,365.77 on 3 July. This move represented a nearly 4% recovery off the lows, fueled by renewed safe-haven flows and short covering.
✅ Midweek Consolidation
Following the rally, gold entered a sideways consolidation phase between 3,340 and 3,365. EMA flattening reflected a pause in momentum as traders assessed the next directional catalyst.
✅ Late-Week Pullback
Toward the end of the week, price tested the 3,310–3,320 area before modestly bouncing into the Friday close. Overall, the market maintained a cautiously bullish tone while holding above the prior support.
🔹 Technical Perspective:
🔸 Bias: Cautiously Bullish
Price defended the strong support and printed a higher low structure.
Sustained closes above 3,300 maintain the bullish outlook.
🔸 Near-Term Resistance:
3,365–3,390 remains the immediate supply zone to monitor for breakout attempts.
🔸 Key Support:
The 3,246–3,250 area continues to be the primary downside line in the sand.
🔹 Special Note – 4th July US Bank Holiday
Trading volumes were notably lighter on Thursday, 4th July, due to the US Independence Day holiday. This contributed to reduced liquidity and muted volatility, with many traders and institutions off desks. The thinner market conditions likely influenced the late-week pullback and consolidation, as participation was limited heading into the weekend.
🔹 Sentiment & Outlook
The decisive rebound from support suggests that buyers are defending value zones aggressively. However, failure to close the week above 3,365 leaves gold vulnerable to another retest of mid-range levels if fresh catalysts don’t emerge.
Traders should watch for:
A clean breakout above 3,365 to confirm continuation higher.
Any sustained weakness below 3,300 as a signal of fading bullish momentum.
🧭 Next Week’s Focus:
Monitoring whether the consolidation evolves into accumulation or distribution.
Watching for a breakout or deeper pullback
Reactions to upcoming economic data
EMA alignment: If the 15 EMA continues to track above the 60 EMA, it supports a bullish bias.
Chart Notes:
The main chart highlights this week’s action, while the inset provides a fortnight overview of the broader decline and recovery for context.
Thank you for your time and your support...
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XAUUSD: Setup Signals a Potential Continuation Toward 3,550Gold is currently moving within a short-term bearish structure following a sharp rejection at a key confluence resistance zone. The ongoing pullback has taken price back to the origin of a previous strong rally, aligning with a high-liquidity area on the Volume Profile.
What stands out, however, is the absence of any clear reversal signal so far. Selling pressure continues to dominate after each weak rebound, indicating the market may not yet be ready for a meaningful bullish move. That said, the presence of a prior swing low combined with dense volume makes this zone a strategic observation area.
The most prudent scenario at this point is to wait for a confirmed reaction at support—preferably in the form of reversal patterns such as a Bullish Engulfing, Fakey, or Pin Bar backed by volume confirmation. Only then will a short-term long setup offer a favourable risk-reward opportunity.
If price bounces, the first target would be around 3,350 USD—a previous resistance level and a likely zone for profit-taking. On the other hand, a decisive break below 3,280 USD would invalidate the recovery scenario and open the door to a deeper continuation of the downtrend.
In summary: This is a key watch zone—not the time to guess bottoms. Wait for confirmation, act with clarity, and always pair your setups with disciplined risk management.