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XAUUSD trade ideas

XAUUSD buy opportunity targeting 3400XAUUSD buy opportunity targeting 3400 1. A golden opportunity emerges as XAUUSD eyes a bullish breakout. 2. Current market dynamics strongly favor long positions in gold. 3. Investor sentiment shifts amid global economic uncertainties. 4. Safe-haven demand fuels upward momentum in precious metals. 5. Technical indicators signal strong support and bullish continuation. 6. The 3400 target aligns with historical resistance and Fibonacci extensions. 7. Central bank policies and inflation concerns bolster gold's appeal. 8. Volatility in fiat currencies drives capital toward tangible assets. 9. Momentum traders are positioning early ahead of the breakout. 10. A strategic buy now could yield significant returns as gold ascends.
OANDA:XAUUSDLong
by XAUUSD-Trade-ideas
5
Crazy gold, follow me and make moneyThis week, the market focused on three major issues: Trump's tariff policy, the US-Iran nuclear negotiations and the Fed's interest rate decision. The tariff policy directly pushed up inflation expectations, weakened the purchasing power of the US dollar, and at the same time aggravated the market's risk aversion, which was doubly good for gold. If the US-Iran nuclear negotiations achieve a breakthrough, it may ease the geopolitical tensions in the Middle East and suppress the demand for gold as a safe haven in the short term, but in the long term, if the negotiations are repeated or no substantive agreement is reached, gold is still expected to gain support. In terms of the Fed's interest rate decision, if it maintains a dovish stance, it will further suppress the dollar and support gold. At the opening of today's market, the gold price directly rose to break through the new high of 3396, and accelerated after breaking the previous high, setting a new historical high again. Both the monthly and weekly charts show a perfect upward trend, and the technical indicators continue to rise. Both the long and medium lines are bullish. At present, the upper resistance is 3396-3400, and the lower support is 3354-3349. The evening operation is recommended to be long on the callback, and the rebound is supplemented by high short. Operation strategy 1: It is recommended to rebound 3396-3403 short, stop loss 3410, and the target is 3380-3360. Operation strategy 2: It is recommended to pull back 3355-3350 long, stop loss 3343, and the target is 3380-3400.
OANDA:XAUUSDLong
by DickSharp
1
XAUUSD Entre point 3326 Target 3290Stop loss 3340Here's the breakdown for your XAU/USD short trade: Entry: 3,326 Target: 3,290 Stop Loss: 3,340 Trade Summary: Risk (SL - Entry): 14 points Reward (Entry - TP): 36 points Risk-to-Reward Ratio: 1:2.57 (excellent) Suggestions: That’s a strong RRR, which gives you some flexibility. Look for bearish confirmation (e.g., candle rejection or RSI divergence) around 3,326. Consider moving your stop to breakeven if price drops below 3,310 to lock in safety. Want help identifying key levels or entry timing on the chart?
TVC:GOLDShort
by Mr_EXPERT_07
Do you think this is the final height of gold? At present, affected by the global trade conflict, the price of gold is above $3,200. Although there was no accelerated rise on Monday, the retracement to confirm the position of $3,190 is also very perfect. I also emphasized the key position of $3,190 in the article last night. The gains and losses of this position will determine the direction of the short-term gold price. Therefore, regarding the next target of gold in 2025, I think we should continue to pay attention to the target price of $3,318, and then adjust it according to the situation. What we need to do now is not to adjust the so-called target, but to understand the underlying logic of the deep-level gold rise when we encounter a callback in the middle! Okay, let's talk about the gold market today. On Monday, the price of gold opened slightly lower and pulled up to the previous high of $3,247, and then slid down in the European session. Many friends are worried about whether they will encounter Black Monday. My point of view is not speculation, but to see whether the key position of $3,190 will be lost. If it is lost, adjust the direction. Don't make too many assumptions before it is lost. Today, gold continues to fluctuate at a high level. Two positions are focused on below. One is the support low point before the last 1-hour level pull-up at 3190, and the other is the top and bottom conversion position of the previous high point of 3167 US dollars. As shown in the figure, the 4-hour gold price fell back to confirm 3190 US dollars last night, and then continued to climb steadily upward. The current focus is on the breakthrough of 3250 US dollars. Once it breaks through here, it will form a new pull-up. Fear of heights is the mentality of most people. They think that they will be trapped after the plunge if they chase high positions. In fact, as long as they fasten their seat belts, even if the plunge does not have much impact, people who are afraid of heights cannot make friends with the trend. They always think that a surge will definitely surge, which is a black-and-white thinking model. Today, gold continues to rely on 3190 US dollars as the dividing point between long and short positions, and then go long after the callback. Pay attention to 3250-3265-3270 US dollars above. Break through 3190 US dollars and adjust the thinking to do a reverse hand! Join me and I will guide you to a profitable trade 💵!
FOREXCOM:XAUUSDLong
by Yuliya1l11
Gold continues to rise on risk aversionThe bullish trend structure of gold remains unchanged. Don't guess where the top is. From 2600 points at the beginning of the year to 3382 points now, the increase is more than 780 US dollars. Stimulated by the news, the price of gold has continuously refreshed historical highs this year. In the short-term trend, the correction last Thursday stopped at 3283! The central banks of many countries continue to increase their gold reserves, providing medium- and long-term support for gold prices, indirectly increasing the attractiveness of gold, and causing gold to rise straight at the opening of the Asian session! In addition, the US government's strengthening of financial supervision has caused the market to worry about the independence of the Federal Reserve. The uncertainty of trade negotiations, the tense situation in the Middle East, the ongoing conflict between Russia and Ukraine, etc., continue to drive funds to flow to gold. From many perspectives recently, gold is still bullish in the long term. For our intraday layout, we still wait for the opportunity to fall back and go long. Pay attention to the top and bottom conversion position of 3357 in the Asian session, and buy in with a small adjustment back! Gold has been rising wildly recently under the stimulus of risk aversion. In this emotional market, you can only trade with the trend, because gold keeps hitting new highs and no one knows where it will rise. However, don't enter the high position easily. After the volatility increases, the amplitude of each callback is also large. Wait patiently for the opportunity to enter. Key points: First support: 3367, second support: 3348, third support: 3333 First resistance: 3386, second resistance: 3400, third resistance: 3415 Operation ideas: Buy: 3357-3360, SL: 3348, TP: 3380-3390; Sell: 3403-3405, SL: 3414, TP: 3380-3370;
TVC:GOLDLong
by Jun-GoldAnalyst
Safe-haven frenzy boosts gold pricesGold market analysis and operation suggestions (April 21) - Risk aversion frenzy boosts gold prices, 3400 mark is within reach 📌 Current market dynamics: Affected by the US tariff policy and the continued rise in geopolitical risk aversion, gold continued its unilateral surge this week. Today, it opened higher again, strongly breaking through the historical high of 3357, and accelerated to above 3380. The bullish momentum is extremely strong. According to the recent trend, gold will either consolidate at a high level, and once it starts to rise, it often presents an explosive market of more than 100 US dollars on one side. Therefore, the psychological barrier of 3400 will most likely be tested today, and may even further challenge around 3430! 📊 Technical analysis: ✅ Daily level: Moving average system: MA5-MA10 maintains golden cross upward, showing a standard bull market arrangement Bollinger band: The upper track continues to open, without any signs of closing, and there is still room for growth K-line structure: Continuous large positive lines with large volume, no peak signal, and going long with the trend is still the main tone ✅ Weekly level: Three consecutive positive lines are strong upward, MACD red column is enlarged, and bulls are obviously in control No peak signal, any pullback can be regarded as a new buying opportunity 🎯 Key support and resistance: Support level: 3370 (today's gap), 3357 (previous high support) Resistance level: 3400 (psychological barrier), 3430 (next target) 🔥 Today's US trading strategy: 1⃣ Aggressive long orders: Go long directly when the price falls back to around 3370, stop loss at 3360, target 3385-3400 (hold to see 3430 if it breaks) 2⃣ Steady long orders: If it falls back to 3357 (previous high support), you can arrange long orders for the second time, stop loss at 3347, target 3380-3400 3⃣ Be cautious with short orders: The current market sentiment is extremely bullish, and the risk of going against the trend is extremely high. Avoid blindly guessing the top! 💡 Trading reminder: Gold is currently in an extremely strong market, and any pullback is an opportunity to go long Pay attention to the breakthrough of 3400. If it stands firm, it may accelerate to hit 3430-3450 Strictly stop loss to avoid the risk of violent fluctuations caused by sudden news 🚀 Conclusion: Trend is king, follow the trend and buy low!
FX:XAUUSD
by Golden_Legend
Gold: A textbook example of an extreme short squeeze!📌 Gold has surged over $400 in just six trading days—a textbook example of an extreme short squeeze! Yesterday, gold broke above the 3300 psychological barrier and is now trading above 3360. While safe-haven demand driven by escalating trade tensions is part of the reason, such a rapid and steep rally is clearly unsustainable. ⚠️ If you enter at these levels and get trapped, trying to "hold and hope" could result in facing $100+ of price swings—a dangerous gamble for most traders. 👉 Experienced traders might manage this volatility with scalping or short-term strategies to mitigate losses or even turn a profit. ❌ But if you don’t have that level of skill, don’t chase this rally blindly. ✅ Suggested approach: Scale into short positions gradually, or Wait for clear topping signals before going short Missing this rally isn’t the end—some of the best opportunities come during corrections. Profit potential remains strong on the way down. 🎯 Bearish targets: Short-term: 3312 → 3291 → 3250 Mid-term: 3196 → 3137
FOREXCOM:XAUUSDShort
by Trading_King_Arthur
Analysis of the latest gold market trendsGold closed at a big positive line on the daily line, and the 1-hour moving average golden cross diverged upward, with a clear long position and strong long position. At present, the upper resistance is at 3355-3360, and the lower support is at 3311-3305. Although the gold price may fall back in the short term, the overall trend is still bullish. It is recommended to do more on the pullback and short on the rebound. Operation 1: It is recommended to go long on the pullback of 3296-3290, with a stop loss of 3284, and the target is 3315-3340. Operation strategy 2: It is recommended to go short on the rebound of 3333-3339, with a stop loss of 3344, and the target is 3310-3300.
FX:XAUUSDLong
by BarnettStrong
Trading Smarter, Not Harder: Decoding Institutional MovesThere’s an old saying in trading: “Follow the smart money.” But how do you know where the smart money is going? The answer lies not in guesswork but in data—specifically, the kind of institutional-grade data that most retail traders overlook. If you’re serious about understanding market dynamics, it’s time to dive into the world of **COT (Commitment of Traders) reports** and **options flow data** from the **CME (Chicago Mercantile Exchange)**. These tools are like your personal radar, cutting through the noise to reveal what the big players are doing. Step 1: Understanding the Big Picture – Why Market Sentiment Matters Before we zoom into the specifics, let’s start with the basics. Markets are driven by sentiment—the collective mood of participants. When fear dominates, prices fall; when greed takes over, they rise. But here’s the catch: Retail traders often react to sentiment after it’s already priced in. By the time you see a headline screaming “Market Crashes!” or “Record Highs!”, the opportunity has likely passed. This is where systematic analysis comes in. Instead of relying on emotions or lagging indicators, smart traders use raw data to anticipate shifts in sentiment. And two of the most powerful sources of this data are **COT reports** and **CME options flow**. Step 2: The Commitment of Traders (COT) Report – Peering Into the Mind of Institutions The **COT report**, published weekly by the Commodity Futures Trading Commission (CFTC), provides a breakdown of positions held by different types of traders: commercial hedgers, non-commercial speculators (like hedge funds), and small retail traders. Here’s why it’s invaluable: - **Commercial Hedgers**: These are the “smart money” players—producers and consumers who use futures markets to hedge their risk. For example, a sugar producer might sell futures contracts to lock in prices. Their actions often signal future supply and demand trends. - **Non-Commercial Speculators**: These are the momentum-driven players who bet on price movements. Tracking their positioning helps identify potential reversals. - **Small Traders**: Often considered the “dumb money,” their positions frequently coincide with market tops or bottoms. By systematically analyzing the COT report, you will discover your ability to identify patterns and positioning levels of participants that signal trend reversals or the onset of corrections. Seriously, this will blow your mind! The insights you gain will be so groundbreaking that they will change your trading game forever. Step 3: Options Flow – Real-Time Insights Into Institutional Activity While the COT report offers a macro view, **options flow** gives you real-time insights into institutional activity. Directly through CME data feeds, you can track large block trades in options markets. Here’s why this matters: It will take some time, observation, and comparison with price charts to learn how to uncover insights that lead to trades with a risk-reward ratio of 1:10 or even higher. This isn’t about needing to make options trades; that’s not a requirement. It’s about being able to trade the Forex market much more effectively by using entry points highlighted by options and futures market reports. For example, over the past few weeks, the USD/JPY pair has been in a downtrend. Long before this happened, major players were accumulating positions in call options on the futures for the yen (which is equivalent to a decline in the yen). We discussed this before the drop occurred (you can easily find those analyses on our page ). What’s remarkable is that there are many such insights available. For certain instruments (like precious metals and currency pairs), these insights appear with a certain regularity and provide excellent sentiment for opening positions or reversing positions in the opposite direction. Step 4: Connecting the Dots – From General Trends to Specific Trades Now that we’ve covered the tools, let’s talk about how to apply them systematically. Imagine you’re analyzing the sugar futures market (a favorite among commodity traders): 1. **Check the COT Report**: In the precious metals market, commercials are often positioned short, hedging against the risk of a decline in the underlying asset's value. When their net position hovers around zero , it typically signals a bullish trend for gold prices in the vast majority of cases. 2. **Analyze Options Flow**: when filtering options by sentiment, there are several key factors to consider: - Size and value of the option portfolio - Distance from the central strike (Delta) - Time to expiration - Appearance on the rise/fall of the underlying asset Option portfolios with names such as vertical spread, butterfly, and condor (iVERTICAL SPREAD, IRON FLY/FLY, CONDOR/IRON CONDOR) have predictive sentiment regarding the direction of the asset's price movement. While "naked" options (PUT or CALL options) with above-average volume can signal that the price is encountering a significant obstacle at that level, leading to a potential bounce off that level (support or resistance). 3 **Combine with Retail Positions Analysis**: Look for opportunities to trade against the crowd. If retail sentiment is overwhelmingly bullish, consider a bearish position, and vice versa. This layered approach ensures you’re not just reacting to headlines but making informed decisions based on valuable data. Step 5: Why Systematic Analysis Sets You Apart Here’s the truth: Most traders fail because they rely on intuition rather than evidence. They chase tips, follow social media hype, or get swayed by emotional biases. But markets reward discipline and preparation. By mastering tools like COT reports and options flow, you gain a competitive edge—a deeper understanding market breath! The path of least resistance! Remember, even seasoned professionals don’t predict every move correctly.However, having a reliable structure allows you to maximize profits from transactions, eliminate noise and unnecessary (questionable) transactions. Final Thoughts: Your Path to Mastery If there’s one takeaway from this article, let it be this: The best traders aren’t fortune-tellers; they’re detectives. They piece together clues from multiple sources to form a coherent picture of the market. Start with the big picture (COT reports), zoom into real-time activity (options flow), and then refine your strategy with technical analysis. So next time you open chart, don’t just look at price. Dive into the reports/data before. Ask questions. Connect the dots. Because in the world of trading, knowledge truly is power. What’s your experience with COT reports or options flow? Share your thoughts in the comments below—I’d love to hear how you incorporate these tools into your trading routine! **P.S.** If you found this article helpful, consider bookmarking it for future reference.
OANDA:XAUUSDEducation
by ClashChartsTeam
Gold Technical Analysis - Potential Trade SetupTime Frame: 15-Minute and 4-Hour Pattern: Head and Shoulders Formation --- 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 --- 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 --- 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. --- Stay safe and trade wisely!
OANDA:XAUUSDShort
by SRFXGlobal
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.
TVC:GOLDLong
by goldenBear88
Multi-dimensional Analysis of Gold's Strength and Volatility RisLong-term drivers: After the breakout of the super-large sideways range from 2020 to 2023, global geopolitical conflicts, expectations of economic recession, and large-scale gold purchases by central banks worldwide have jointly fueled a super bull market. Short-term disruptions: The tariff policy announced by Trump in early April triggered a short-term sharp decline in gold and silver. However, on the monthly chart, no effective correction signal has been formed, and the trend remains dominated by bulls. Weekly strong characteristics: The long upper shadow line was engulfed by a bullish candle, forming an ultra-large bullish candle, indicating that the market still chose to break upward despite trade war risks, continuing the super-strong trend. While a correction of hundreds of dollars may occur after extreme market conditions, the current upward trend remains intact. Medium-term rhythm: Multiple medium-term corrections have ended rapidly, highlighting gold’s extremely strong resilience. The current upward slope is steep , showing a "crazy bull" short-covering feature, making it difficult to predict the top in the short term. Short-term technical signals: The 4-hour chart shows that the high-level volatility is still confined above the 21 exponential moving average (strong support), indicating a continuation pattern in the uptrend. Two potential paths lie ahead: - Conventional path: Consolidation into a platform before resuming the upward trend; - Extreme path: Direct breakout to new highs without correction (referencing the frequent occurrence of non-correction short-covering rallies in recent months). Conclusion: All timeframes suggest that gold’s rally remains unexhausted, with short-term volatility not altering the medium-to-long-term upward trend. However, risks of extreme volatility caused by policy mutations must be guarded against. XAUUSD buy@3300-3310-3320 tp:3340-3355-3370 I hope this strategy will be helpful to you. When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
OANDA:XAUUSD
by H_C_12
Latest Recommendations on Gold Trading StrategiesInt'l trade tariff policy uncertainties😖, the rise of U.S. inflation data 📈, (👉signals👉) the continuous rise of U.S. inflation data , the heightened expectation of Federal Reserve rate cuts 🔥, and the strengthened global risk aversion sentiment 😰 may all drive up the gold price 📈. Meanwhile, central banks around the world keep increasing their gold reserves, providing medium - and long - term support for the gold price 💪. Thus, I suggest maintaining the trading approach of "going long on dips" and seizing the portfolio opportunities presented by market pullbacks ✨. However, it is essential to closely monitor tariff news and guard against potential price drops caused by the easing of the tariff war 📉. Focus on the support level of 3280 below. If it holds, one can continue with the "going long on dips" strategy 🙌. Trading Strategy: buy@3390-3300 TP:3330-3340 The signals last week resulted in continuous profits, and accurate signals were shared daily. 👇 signals👇
FOREXCOM:XAUUSDLong
by AngelaYeates
Gold prices will continue to rise on MondayGold prices will continue to rise on Monday If you really don't understand the trend of gold prices, just look at the analysis chart I drew. You must understand: energy is conserved. In the gold trading market, money = energy. After all, how much money comes in, how much money will flow out in the future. So, the underlying logic of the channel theory is formed. Channel theory is always the truth Through this theory, we can think more flexibly Draw the center line Then use the mirror principle to reflect the falling part It becomes the current shape characteristics as shown in the figure A very standard upward trend, the shape of the head and shoulders bottom upward adjustment Bottom support: 3290 Upper pressure: 3360 Gold trading strategy is very simple: Continue to do more at low prices Stop loss: 3290 Target: 3360--3400
OANDA:XAUUSD
by Emily_Blunt
"Imminent Correction in Gold – Strategic Plan to Capture Wave 4"📌 General Context Gold (XAU/USD) is currently at a pivotal moment after completing a 5-wave impulsive sequence, suggesting that we may be about to enter a major corrective phase. The structure observed is an impulsive wave (1)-(2)-(3)-(4)-(5), which is typically followed by an ABC correction or a complex correction, depending on the larger context. 📈 Wave Structure and Technical Projection Wave (5) Completed: The end of wave (5) has clearly been marked, suggesting short-term buyer exhaustion. This paves the way for a corrective movement that, based on wave projections, could seek much lower levels. Critical Supply Zone: Between $3,453.01 and $3,504.89, there is an important supply zone. This area could act as resistance in a potential final bullish impulse to form an expanded "Flat" or "Running Flat" corrective structure. Downside Projection (Wave 4 of Major Degree): First support levels: $3,239.99 (intermediate validation level) $3,147.28 (previous structure) Final projected correction target: $2,866.94, coinciding with a strong demand zone and relevant technical support. 🧠 Technical Narrative The price has been in a strongly bullish trend, but after completing a clear impulsive structure and approaching a significant supply zone, a significant correction is anticipated. This analysis is based on Elliott Wave Theory, complemented by Fibonacci levels and institutional supply/demand zones. The projection suggests that gold could make a final rally to $3,450-$3,500, and from there initiate a deep correction toward the $2,866 area, where there is a technical support confluence. 🚨 Key Levels to Watch Type Level 3,504.89 Supply Zone (maximum resistance) 3,453.01 Supply Zone (start) 3,239.99 Bearish Validation Level 3,147.28 Intermediate Support 2,866.94 Correction Target (potential buy zone) 🔔 Conclusion The current structure suggests a high probability of a correction in gold after this strong bullish momentum. The most likely scenario is a correction toward $2,866, an area that could offer a new medium-term buying opportunity if validated by price action. 🕰️ Recommended follow-up to confirm reversal patterns and manage risk in case of trading this potential correction. 🧾 Trade Plan (Short) 🔹 Ideal Sell Zone: Between $3,453.01 and $3,504.89 (institutional supply zone) Look for reversal patterns (bearish engulfing candles, pin bars, M-patterns, RSI/MACD divergences) 🔹 Suggested Entry: Step-level entry between $3,460 and $3,500 🔹 Stop Loss: Above $3,550 (last previous high + protection) 🔹 Take Profits: TP1: $3,239.99 TP2: $3,147.28 TPF: $2,866.94 🔹 Estimated Risk/Reward: R:B from 1:4 to 1:6, depending on management and execution 💡 Strategy Alternative (Conservative) Wait for confirmation of a bearish structure (such as a double top or a breakout of the previous low) before entering, with a tighter stop but less exposure. 🔔 Trading Summary Value Element Entry $3,460 – $3,500 (supply zone) Stop Loss > $3,550 TP1 $3,239.99 TP2 $3,147.28 TP Final $2,866.94 💬 Do you like this approach? Do you have a different count? Share it in the comments! #XAUUSD #Gold #TradingPlan #Wave4 #ShortSetup #ElliottWave #Fibonacci #SupplyZone #SwingTrade #TechnicalAnalysis #TradingIdeas
PEPPERSTONE:XAUUSDShort
by JAG_Trader
XAUUSD Technicals🔑 Key Levels: Resistance: ~ $3,345 – $3,360 Minor Resistance: ~ $3,330 Pivot Zone: ~ $3,305 – $3,310 Support: Around $3,290 (not shown but implied if break continues) 💡 Price Action Insights: Strong bearish candle broke below the pivot with high volume (big red arrow). This could be a liquidity grab or a genuine breakdown. The chart shows a possible fakeout scenario – price dips below pivot, sucks in sellers, then reverses to trap them and push higher. Projection path suggests: Bounce back above pivot Break minor resistance Push to resistance zone (~$3,360) Confirmation needed: A strong bullish candle reclaiming the pivot on increasing volume. 🧠 Volume Clue: Notice the volume spike on the break of pivot. If this is absorption (buyers taking in sells), reversal is likely. If follow-through selling comes next, expect deeper drop. ✅ What to Watch: If price reclaims the pivot with a strong green candle, expect a push to $3,330–$3,345+; if it’s rejected with a weak bounce, it may drop back to $3,290–$3,280; and if it breaks below the pivot again on high volume, anticipate a bearish trend continuation.
OANDA:XAUUSDLong
by xxChartWhizxx