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XAUUSD trade ideas

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!
OANDA:XAUUSDShort
by SignalSage_Ben
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.
TVC:GOLDShort
by Olivia_Magnam44
Gold on upswing as expectedAs discussed throughout my yesterday's session commentary: "My position: Since #3,337.80 was neckline for upside Bull structure, I was aware if it gets invalidated to the downside, it will open doors for #3,327.80 extension (which held twice throughout late U.S. and Asian session). I don't expect much Selling action today however Bulls need another Fundamental push to invalidate wall of Resistances at #3,340's and #3,350's. I will continue Scalping as opportunity arise / no Swing orders." I have expected Gold to test upside extension where I Bought (Scalp of course) #3,342.80 twice towards #3,348.80 and re-Sold #3,357.80 - #3,362.80 belt many times (excellent returns). I will await area to be engulfed and only then make my move. As I am getting many Fundamental inquiries lately: Gold's current almost #2-Year perma-Bull outlook is driven by more than Fundamentals - rising Global debt, Central bank Buying (especially by China), and general declining trust in fiat currencies all play key roles in Gold's perma-Bull stance. It's considered undervalued by some part of my analysis when adjusted for Inflation and Money supply expansion (like #M2 growth). Gold acts as a Long-term hedge against currency devaluation and systemic Risk, especially during Global conflicts or financial crises. Mining costs are also on the rise while new discoveries are declining, which supports Higher future Prices. With ongoing de-Dollarization and interest in Gold-backed digital assets, the Long-term future of Gold looks structurally strong. My position: Gold is Trading within #3,350's belt which represents crossroads for the Short-term. Either #3,362.80 - #3,368.80 break-out to the upside towards #3,377.80 strong Resistance, or #3,342.80 - #3,352.80 break-out to the downside towards #3,327.80 Support. Current Price-action is ideal for Scalping since I don't expect major movement until tomorrow's NFP numbers.
OANDA:XAUUSD
by goldenBear88
2
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
OANDA:XAUUSD
by Goldviewfx
19
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.
OANDA:XAUUSDShort
by TP_Daniel
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: --- 🔍 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. --- 📉 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. --- 🟩 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. --- 📈 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. --- ⏰ 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. --- 📊 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+ --- ✅ 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)?
TVC:GOLDLong
by Mrprofe21
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 3301 and a gap below at 3242. 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 3301 EMA5 CROSS AND LOCK ABOVE 3301 WILL OPEN THE FOLLOWING BULLISH TARGETS 3370 EMA5 CROSS AND LOCK ABOVE 3370 WILL OPEN THE FOLLOWING BULLISH TARGET 3429 EMA5 CROSS AND LOCK ABOVE 3429 WILL OPEN THE FOLLOWING BULLISH TARGET 3499 BEARISH TARGETS 3242 EMA5 CROSS AND LOCK BELOW 3242 WILL OPEN THE FOLLOWING BEARISH TARGET 3171 EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SWING RANGE 3089 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
OANDA:XAUUSD
by Goldviewfx
5
[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.
OANDA:XAUUSDLong
by EliseLunaTraders
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... 🚀🚀Boost it if you like it (Thanks)🚀🚀 #Gold #XAUUSD #GoldTrading #Forex #Commodities #TechnicalAnalysis #PriceAction #TradingRecap #MJTrading #GoldForecast #MarketReview #WeeklyRecap #TradingView
PEPPERSTONE:XAUUSDLong
by MJElahifx
2
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.
OANDA:XAUUSDLong
by Smith_TradingFX
5
Start buying gold, a rebound may come at any time!Gold is undoubtedly weak at present, and bears have the upper hand. However, since gold touched the 3290-3280 area, gold bears have made more tentative moves, but have never really fallen below the 3290-3280 area, proving that as gold continues to fall, bears have become more cautious. From the perspective of gold structure, multiple technical structural supports are concentrated in the 3285-3275 area, which makes it difficult for gold to fall below this area easily. After gold has failed to fall below this area, gold is expected to build a short-term bottom structure with the help of multiple supports in this area, thereby stimulating bulls to exert their strength and a rebound may come at any time. Therefore, in the short term, I do not advocate chasing short gold; instead, I prefer to try to find the bottom and go long gold in the 3290-3280 area; but we should note that because gold is currently in an obvious short trend, we should appropriately reduce the expectation of gold rebound, so we can appropriately look at the rebound target: 3305-3315 area.
OANDA:XAUUSDLong
by Trading_Steffen
GOLD SELL M15Gold (XAU/USD) 15-Min Chart Analysis – July 9, 2025 The price is currently trading around the 3,295 level, after a recent Change of Character (CHoCH) and Break of Structure (BOS) indicating a shift from bullish to bearish momentum. The market has formed a consolidation zone (highlighted in purple), suggesting a possible bearish continuation setup. Price is expected to retest the supply zone and then move lower. Sell Setup Details: Entry Zone: Inside the purple consolidation range (~3,295–3,297) Stop Loss (SL): 3,305 Target (TP): 3,282 Key Support Levels: 3,292.16 3,288.16 3,282.39 (Main Target Zone) This setup anticipates a bearish move after a rejection from the supply area, aiming for the liquidity zone near 3,282.
TVC:GOLDShort
by Sniperfx05