GoldMinds Family — Sniper Plan for June 12 👋 Good evening traders!
CPI delivered clean reactions, and now we're stepping into the next setup zone as Core PPI, PPI m/m and Unemployment Claims line up on tomorrow’s calendar. Expect the volatility machine to wake up again.
Gold remains capped inside premium supply while liquidity continues to build on both sides. My plan is simple: execute only when price moves into proper levels — clean, confirmed, and structured.
🔎 Sniper Zones
Sell Zones:
• 3359 – 3375 → H1 premium OB + weak high inducement
• 3387 – 3398 → Extreme premium sweep zone
Buy Zones:
• 3312 – 3300 → H1 demand zone + internal FVG fill
• 3285 – 3272 → Deep flush liquidity zone
Mid Zone:
• 3336 – 3344 → Only valid for quick scalps with clean M5 confirmation
🧭 Bias
Bias remains bearish under 3375, but as always: let liquidity show its hand first.
News triggers liquidity. Liquidity triggers setups. We execute the third move.
🔎 The Battle Plan for Tomorrow
If price moves higher ahead of or after the news, I’m watching my first sell zone between 3359 and 3375. This is where liquidity stacks above recent highs, sitting inside the H1 premium order block and imbalance. Any clean reaction here can offer solid short opportunities.
If volatility drives an even stronger push, I have my second sell zone between 3387 and 3398 — an extreme premium zone where late buyers could get trapped after the news spike completes a full liquidity hunt. This would be my deeper liquidity sweep area.
If sellers take control early and we see a flush down before or after the release, I’ll be focused first on the 3312–3300 zone. This sits inside clean H1 demand, where previous liquidity was already collected. If price drops even further, I’m watching 3285–3272 as the deep liquidity sweep zone — where price may fully clear weaker hands before potential reversal.
Between 3336 and 3344 sits my mid-zone.
This is the area where price may consolidate or chop ahead of news. I avoid entering here unless I see a clean M5 confirmation for a quick scalp. Otherwise, it’s simply no-man’s land.
🎯 My Tactical Approach
If price reaches the sell zones → I wait for strong rejection & structure break on M5/M15 to execute shorts.
If price flushes into the buy zones → I wait for bullish confirmation on M15 to enter long.
Mid-range is ignored unless very clean setups appear on lower timeframe flips.
⚠ News days often start with traps. The first reaction isn’t always the real direction. I stay patient, disciplined, and let liquidity build before executing.
🚀 If this sniper plan helps you stay prepared, drop a 🚀, leave a comment, and Boost the post to support clean, real structure-based trading.
Follow GoldFxMinds for daily sniper updates 🧠✨
XAUUSD trade ideas
XAU/USD H8 AnalysisThe price of Gold against the US Dollar is bullish on the bigger time frame.
Diving into the 8 hour chart, we see that price was correcting in the form of a triangle with a breakout in the early part of this month.
With price retesting the top of the triangle, we may see a rejection and further move to the upside. Watch out for a false break though.
This is an idea of what may happen.
Always trade with a tested and profitable strategy. Use alongside good risk management.
XAUUSD: Strategy and Analysis for June 12Gold technical analysis
Daily chart resistance: 3400-3420, support: 3310
Four-hour chart resistance: 3400, support: 3325
One-hour chart resistance: 3385, support: 3340.
Spot gold soared after the release of CPI as investors responded to optimistic inflation data. Trump's interest rate cut speech restored the confidence of gold bulls, but with the strong pressure of 3380 above, the market fell again, and the frequency of gold long and short switching accelerated, verifying the daily level of shock. From a technical point of view, although the daily line has not risen continuously, there is a very obvious feature of the daily cycle, that is, the middle track of Bollinger has not broken, and multiple attempts have not changed this technical point. This is the support point for the short-term retracement and the defense point for the long-term rise. If the NY market stands firm at 3380, it is expected to rise to the 3410 US dollar line. The short-term key support position below is around 3345, and it will be short-term bearish only after it falls below. Personally, I suggest that you give priority to buying in the NY market.
Buy: 3380near SL:3375
Buy: 3345near SL:3340
Gold execution psychology - why do your trades fail on XAUUSD?🎯 You Knew the Zone but the trade failed.
Execution psychology for Gold traders who are tired of guessing.
You marked the zone.
You waited for price to tap into it.
Maybe you even caught a reaction — but the trade failed anyway.
Not because the zone was wrong.
Because the execution broke down.
🧠 1. The Problem Isn’t the Zone. It’s the Trader.
There are two valid entry styles:
🔹 Bounce Entry
→ Enter on first touch of the zone
→ Works best when:
• Structure supports your bias
• Liquidity has been swept
• You're using a refined zone (OB, FVG, confluence)
→ SL must sit outside the zone — not inside it
→ Fast entries, fast rejections — but high responsibility, not for beginners.
🔹 Confirmation Entry
→ Wait for CHoCH or BOS on M5/M15
→ Enter on the retest
→ Cleaner invalidation, but slower execution
→ Less drawdown, but requires patience
⚔ 2. Your Stop Loss Was a Suggestion, Not a Standard
Gold isn’t EURUSD.
This pair moves 100–300 pips in minutes — and it will wipe out shallow SLs for fun.
Your SL must sit:
• Below the OB (not inside it)
• Outside the liquidity sweep
• Beyond the structural invalidation point
💰 Lot Size Must Match Your SL — Not Your Ego
We don’t increase lot size because we hope it will go perfect.
We always trade small — because Gold doesn’t need size to give payout.
The wider the SL, the smaller the lot.
That’s how you control risk and let price move.
We don’t chase leverage.
We prioritize precision, patience, and profit.
📉 3. After One Loss, You Lost the Plot
One trade didn’t go your way — now you’re flipping bias, skipping rules, and forcing setups.
That’s not trading. That’s emotional spending.
Real traders analyze the loss.
They re-read the setup.
They take the next trade — only if structure allows, even skip trading to the next day.
✅ So How Do You Fix It?
1. Define your entry style
2. Keep lot size small — even with 100 pip stops
3. Move SL to BE when appropriate
4. Walk away after 2 losses.
Accept that one good trade is better than 5 emotional entries, clear mind -cleaner executions.
If this lesson helped you today and brought you more clarity:
Drop a 🚀 and follow us for more published ideas.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
It's been a decent week on the markets with our path and red boxes playing well from the low to the high for the pull back trade into the region we wanted and then the long completing all but one Red box target which was missed by 20pips.
With NFP tomorrow we would say caution on the markets as we can expect some pre-event ranging and MA play until the release tomorrow. For that reason, we have given the two levels of interest that we feel price will play until tomorrow's release. For now, we're not getting involved in gold until after the NFP move.
As always, trade safe.
KOG’s Bias of the day:
Bullish above 3335 with targets above 3366✅. 3373✅ and above that 3390✅
Bearish on break of 3335 with target below 3320 and below that 3210
RED BOXES:
Break above 3365 for 3372✅, 3375✅, 3388✅ and 3406 in extension of the move
Break below 3350 for 3335, 3330, 3326 and 3307 in extension of the move
XAUUSD Expecting Bullish movementKey Elements & Analysis
1 Previous Price Action
Descending Channel: Highlighted in dark blue indicating a strong bearish trend leading into the present
Previous Ascending Channel A prior short-term bullish correction flag formation before continuing the downtrend
2 Support Zone
A red rectangular zone at the bottom marks a strong support level where price recently bounced suggesting possible demand
3 Projected Price Movement Yellow Path
A W-shaped bullish reversal pattern is forecasted indicating a potential recovery
The movement is expected in 3 phases
Initial bounce from the support zone
Minor pullback
Continuation of the uptrend to the target zone
4 Target Levels
Level Initial Resistance 3326
Level Next Resistance 3345
Main Target 3362 marked in green with a label representing the anticipated bullish target
XAUUSD: Analysis June 12XAUUSD is trading within a short-term rising channel.
The market structure remains slightly bullish, with continuous corrections to support zones and then rebounds.
The RSI and MACD indicators have not entered the overbought zone, indicating that there is still room for growth if important support zones are held.
Buy Zone:
1. 3346 – 3350: If the price does not go deep, this is the "retest MA/trendline" zone in the uptrend channel. You can Buy when there is a clear price reaction in this zone.
2. 3330 – 3325: This is a very clear H1 technical support zone. Price may retrace here before bouncing back.
Sell Zone:
3385 - 3390: This is a strong resistance zone on the H1 chart, coinciding with the “Order Block” zone of the sellers. The price may touch and react strongly if there is no breakout momentum.
XAU/USD 4H Updated Technical Analysis 06/12/20254H Market Structure & Trend
Gold (XAU/USD) is trading around $3,383, showing a generally bullish market structure on the 4-hour chart. The price has been making higher highs (HH) and higher lows (HL) – a classic uptrend pattern
Recently, bulls broke above a notable resistance level (a Break of Structure, or BOS), confirming continued upside momentum
So far no Change of Character (CHOCH) signal (which would require a lower low to hint at a trend reversal, meaning the uptrend remains intact. Gold is also trading above its daily pivot point (3370), reflecting a bullish intraday bias
Overall, sentiment on the 4H timeframe is positive unless key support levels give way.
Key Support & Resistance Zones (Demand vs. Supply)
Support (Demand Zones): Immediate support lies in the 3355 – 3340 region (marked by S1 and S2). This zone lines up with prior price congestion and is viewed as a demand zone, where buyers have historically stepped in
In fact, multiple support levels cluster here (e.g. previous lows and trendline intersection), creating a broad buy zone. The idea is that as price dips into this area, buy orders are likely waiting, and the deeper it goes into the zone, the more attractive it becomes for bulls
If 3340 fails, the next support is around 3325 (S3), another potential demand area where gold found a footing earlier. Traders will watch these support zones for bullish reversal signals (like a strong bounce or candlestick patterns) to confirm that demand is indeed active. Resistance (Supply Zones): On the upside, initial resistance is seen at 3385 (R1), with a stronger supply zone around 3400 (roughly the R2 3402 level). Here, multiple technical levels overlap – including a recent swing high and a psychological round number. This convergence of resistances creates a supply zone where sellers may be waiting.
As gold approaches 3385–3402, it’s likely to encounter profit-taking or new short positions. If price does punch through 3400, the next resistance is around 3415 (R3), which could attract even more selling interest. Within the 3385–3415 zone, expect price to possibly stall or reverse, unless bulls muster a strong breakout. Traders should be cautious about bullish positions as price nears this supply area, and watch for any bearish reversal clues (like wicks or a double-top) indicating that sellers are active
Fibonacci Retracement Confluence
Recent price swings show Fibonacci retracement levels aligning with the above zones, adding confidence to those areas. For instance, the rally from the last 4H swing low (around 3325) up to the recent high (~3385) has a 50%–61.8% Fibonacci retracement roughly in the 3340–3355 range. Fibonacci levels often pinpoint where price might stall or reverse during a pullback, and indeed this $3,340-$3,355 support zone corresponds to the popular 50%–61.8% retracement band – a prime spot where bargain-hunting buyers could step in.
In an uptrend, a pullback to these Fib levels is considered a healthy correction rather than a trend change. Thus, if gold dips to that area, many bulls will be watching for a bounce. On the flip side, if gold extends higher, Fibonacci extension levels suggest the 3400+ region might be a measured move target (for example, 100% extension of the last pullback lands near 3400). This reinforces that the 3385–3415 supply zone is a critical hurdle. In summary, Fibonacci analysis supports the idea that mid-$3300s is a value zone for buyers, while around $3400 is a potential exhaustion area for the current upswing.
Smart Money Concepts (SMC) Insights
From a Smart Money Concepts perspective, institutional footprints are visible on the chart. The ongoing bullish structure (higher lows, no lower low yet) means no CHOCH (trend change) has occurred
Smart money likely continues to favor longs until a key low breaks. We can identify a possible bullish Order Block in the 3340 area, which is essentially the last small bearish candle on 4H before the strong push up
This order block (an institutional buy zone) overlaps with our demand zone, suggesting big players placed buy orders around 3340. If price revisits that zone, it could ignite another rally as those orders get filled. There are also liquidity considerations in play: Above $3,400, there may be clusters of buy stop orders (from breakout traders or short stops) – what SMC traders call buy-side liquidity.
It wouldn’t be surprising to see gold spike above 3400 to grab that liquidity (stop-loss hunt) before either accelerating higher or sharply reversing. Conversely, below $3,340, many bulls likely have stop-losses (sell orders) – sell-side liquidity resting under support.
A quick dip under S2 (liquidity grab) followed by a recovery would actually be a bullish signature (a bear trap by smart money). However, if price breaks significantly below 3325 and holds, that would mark a bearish CHOCH (first real trend change signal) and indicate the smart money possibly switching to selling rallies. Until then, the path of least resistance is still up. Any fair value gaps (imbalances) left from the rapid rise may exist around 3360 (for example), but so far gold has been backfilling these moves, keeping the trend steady.
Potential Trading Setups (4H Outlook)
Given the above analysis, here are two possible trade ideas on the 4H timeframe – one bullish and one bearish – with high-conviction zones in focus:
Bullish Buy Setup (Buy the Dip):
A pullback into the 3355–3340 support demand zone could offer a buying opportunity. This area has multiple factors of confluence: pivot S1/S2 supports, a Fibonacci 50–61.8% retracement, and an order block. If gold’s price action shows a clear reversal here (for example, a bullish engulfing candle or double bottom on 1H/4H), buyers can consider going long. The upside targets would be a return to 3385 (R1), with stretch targets near 3400–3415 (R2/R3). A prudent stop-loss could be placed just below 3325 (just under S3 and below the demand zone) to avoid a deeper reversal. This setup aligns with the prevailing uptrend (trading with the trend) and aims to “buy low” in the value zone.
Bearish Sell Setup (Sell the Rally):
If gold surges into the 3385–3402 resistance supply zone without slowing, traders should watch for signs of buyer exhaustion. In a still-range-bound market or if momentum wanes near the top, one might consider a short position in this zone if bearish signals emerge (e.g. a 4H shooting star candle, bearish divergence, or a minor BOS downward on lower timeframe). The idea is that smart money could use the liquidity above 3385/3400 to sell into. Initial downside targets could be the pivot area around 3370 and then the 3355 support. A stop-loss would ideally be just above 3415 (clear of the R3 level), in case gold breaks out to new highs. This counter-trend style trade is riskier since the 4H trend is up, so it’s crucial to wait for confirmation of a reversal before selling. Essentially, you’d be selling high at known resistance, but only if the market shows it can’t push further.
Both setups hinge on patience and confirmation. Rather than blindly picking tops or bottoms, let the price action confirm that the zone is holding. Remember that support and resistance levels are zones, not exact lines – price can wick through slightly before reversing. Always manage risk carefully.
Key Levels Snapshot
Pivot: 3370
R1: 3385 – R2: 3402 – R3: 3415
S1: 3355 – S2: 3340 – S3: 3325 These levels are derived from the classic pivot point formul, using recent price data. The pivot point at 3370 is the average of the previous session’s high, low, and close.
Trading above this pivot supports a bullish bias, while below it turns the bias bearish.
The R1/R2/R3 levels mark successive resistance hurdles above the pivot, and S1/S2/S3 mark support floors below it. Traders often use these as guideposts for intraday moves.
Takeaway:
Gold’s 4H chart shows bullish momentum with key support in the mid-$3300s and resistance near $3400. It’s wise to trade the reaction at these zones – buy dips near support in an uptrend, or sell rallies at resistance if momentum fades. In all cases, wait for price to confirm direction and stick to your trading plan. Happy trading!
GOLD ROUTE MAP UPDATEHey Everyone,
A great finish to the week with our 1H chart idea finishing off with the rejection from 3389 with no further cross and lock above that level confirming the rejection. We continued to see a drop into the lower Goldturns with each level giving 20 to 40 pip bounces.,
We are now seeing 3334 Goldturn being tested. Lets see if we get the 20 to 40 pip reactional bounce before close of play.
We’ll be back now on Sunday with our multi-timeframe analysis and trading plans for the week ahead. Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
MR GOLD
Gold May See Minor Pullback After Testing $3400📊 Market Development:
Gold surged to approach the $3,400 mark after U.S. Unemployment Claims came in higher than expected. The weak labor data increased speculation of an earlier rate cut by the Fed, pressuring the USD and bond yields, which in turn supported gold prices.
📉 Technical Analysis:
• Key Resistance: $3,400
• Nearest Support: $3,365
• EMA: Price remains above EMA 09 → bullish bias intact
• Candle/Volume/Momentum: Long upper wick on H1 suggests profit-taking near $3,400; declining volume may signal weakening momentum.
📌 Outlook:
Gold may experience a short-term pullback if it fails to break above $3,400 and the USD strengthens in the New York session.
💡 Suggested Trade Setup:
🔻 SELL XAU/USD at: $3,395–$3,400
🎯 TP: $3,375
❌ SL: $3,406
🔺 BUY XAU/USD at: $3,365–$3,370
🎯 TP: $3,390
❌ SL: $3,355
Gold remains volatile at high levelsGold hit a low of 3302 on Tuesday and then rebounded. Then it hit a high of 3348 in the US market and then retreated to 3315 before rising again. It is still fluctuating around 3340. It closed at a cross star pattern with a negative line yesterday. The trend of the day is more critical. Although the bulls tried to break through in the short term, they did not break through after all. The current key pressure above is maintained at 3345-50. We continue to pay attention to the gains and losses of 3345-50.
From the 4-hour analysis, the support below is around 3315-20. If we step back and rely on this position, we will continue to look at the continuation of the rebound. The resistance above is around 3345-50. The overall gold price remains unchanged in the main tone of high-altitude and low-multiple cycles. I will remind you of the specific operation strategy during the trading session, so please pay attention to it in time.
Gold operation strategy:
1. Buy when gold falls back to 3315-20, and add more when it falls back to 3295-3003, stop loss at 3285, target at 3345-3350, and continue to hold if it breaks;
XAUUSD Breakout Brewing -- Squeeze Setup in Play📆 June 12, 2025 | ⏱ 4H Chart Analysis
Gold (XAUUSD) is pressing against a key trendline resistance while holding a clean, ascending trendline from early March — forming a classic triangle squeeze.
🔍 Technical Breakdown:
The long-term bullish trendline has been respected three times, with each touch followed by strong buying interest (see orange circles).
Current price action is compressing between this trendline and descending resistance, tightening toward a potential breakout zone.
Two likely outcomes on the table:
🔺 Bullish Scenario: A confirmed breakout above $3,385 could fuel a rally toward $3,500–$3,520, especially if momentum accelerates.
🔻 Bearish Scenario: Breakdown below $3,260 risks deeper correction toward the $3,000 psychological level, aligning with prior demand zones.
📊 Indicators Insight:
EMA(15) & EMA(60) have flattened → signaling potential volatility expansion ahead.
Volume is building slightly, adding weight to a coming move.
=================================================================
⚖️ Trade Idea (Not Financial Advice)
🟢 Buy on breakout above 3,385, Target: 3,500+
🔴 Sell on breakdown below 3,260, Target: 3,000
📌 Wait for confirmation and avoid chasing within the squeeze range.
💬 What's your take — will gold break through or bounce back?
📌 Follow for consistent multi-timeframe setups across Gold, Silver, and FX majors — 2–3 times weekly.
#XAUUSD #Gold #TechnicalAnalysis #BreakoutSetup #Forex #EMA #SqueezePlay #TrianglePattern #tradingview #MJTrading
THE KOG REPORT - NFPQuick one today as we haven't had much time to put together the report.
Instead, the red box levels are shared below and the extreme red boxes are on the chart.
We have key level 3365 which needs to break as shown and key level 3345 which needs to break downside.
RED BOX TARGETS
Break above 3365 for 3366, 337, 3385, 3390, 3406 and 3420 in extension of the move
Break below 3350 for 3345, 3336, 3329, 3320, 3310 and 3298 in extension of the move
As always, trade safe.
KOG
Gold hits 3400 againTechnically, gold seems to be fluctuating upward for the time being, and there is no room for a unilateral surge. However, this week's slow rise shows that gold is still in an absolute bullish trend. Therefore, no matter how it adjusts, the decline is an opportunity for bulls to enter the market. Gold should first remain in the range of 3332-3392 to see an increase. If it rises and breaks through 3400, the upper side will be 3440-3500. If it falls back and breaks through 3330, the lower side will be 3280. After the rise in the first three days, gold has remained above the Bollinger middle track of the daily cycle, but the Bollinger track has not opened. If we see another wave of rise on Thursday, we will see the high point of 3405. Don't be overly bullish. The rise depends on whether the daily cycle can form a unilateral moving average rising trend. The support below the moving average is near 3355. If it falls back to this point and continues to rise, breaking 3405, then the unilateral surge in the market will come. It can be clearly seen in the 4-hour chart that the Bollinger Bands are closed and the moving averages have not diverged. The current oscillating upward trend is quite obvious. It oscillates first and then moves upward. This is why I emphasize that you should not chase highs below 3400. So, today's high point is the upper rail 3405, and the lower support is near the Bollinger middle rail 3355. Even if you are bullish today, you have to wait for a decline to adjust to around 3355 to go long. If the high point 3405 is not broken, you can consider trying to go short.
Gold operation strategy: It is recommended to go short near 3405, stop loss 3415, target 3380-3360; it is recommended to go long near 3360, stop loss 3350, target 3380-3390;
GOLD recovers strongly, market will wait for US CPI dataOANDA:XAUUSD rebounded strongly in Asian trading on Wednesday (June 11) after a sharp decline in the New York session on Tuesday. The current gold price is around $3,341/ounce, up nearly $20 on the day.
Traders are awaiting the release of the latest US Consumer Price Index (CPI) data for May. Estimates suggest that prices are likely to rise as US households feel the impact of tariffs imposed by the Trump administration. As a result, the Federal Reserve is likely to remain in a wait-and-see mode, keeping interest rates in the range of 4.25%-4.50%."
Economists expect the US CPI to rise to 2.5% year-over-year in May from 2.3%, and the core CPI to rise to 2.9% year-over-year from 2.8%.
OANDA:XAUUSD rose in Asian trade on Wednesday, even as the US and China said they had agreed on a plan to ease trade tensions during talks in London.
According to Bloomberg, easing between the world's two largest economies would be negative for safe-haven assets like gold, and the lack of a decline in gold prices suggests investors are waiting for more developments.
Gold prices have risen more than 25% this year as US President Donald Trump’s aggressive tariff policies have changed geopolitical dynamics, prompting central banks to buy gold to divest from US assets.
Bloomberg also said investors are looking ahead to Thursday’s US Treasury bond auction and weak demand could boost gold’s appeal as a safe haven.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, after receiving support from the confluence of the EMA21 with the 0.382% Fibonacci retracement, the important support area noted by readers in the previous editions, gold has recovered once again.
The short-term upside target remains unchanged at $3,371 of the 0.236% Fibonacci retracement.
Meanwhile, the Relative Strength Index (RSI) rising from 50 is also a good signal for bullish momentum, and the large gap between the overbought area and the RSI shows that there is still a lot of room for upside ahead.
During the day, as long as gold remains above $3,292, it remains bullish in the short term with targets of $3,371 in the short term, more than the raw price point of $3,400. The positions will also be listed as follows.
Support: $3,300 – $3,292 – $3,250
Resistance: $3,371 – $3,400
SELL XAUUSD PRICE 3376 - 3374⚡️
↠↠ Stop Loss 3380
→Take Profit 1 3368
↨
→Take Profit 2 3362
BUY XAUUSD PRICE 3249 - 3251⚡️
↠↠ Stop Loss 3245
→Take Profit 1 3257
↨
→Take Profit 2 3263
Gold Trading Strategy June 12Yesterday's D1 daily frame bounced and closed above 3347. That led to a price gap today.
3375 is a resistance zone that is showing a price reaction in the European session. If it cannot be broken by mid-European session, it is possible to set up a sell at 3355. The 3355 zone for BUY strategies is in the price gap created at the beginning of today's trading session.
Any price decrease today is considered a good opportunity for buying Gold to aim for 3432
Pay attention to the 3355-3347-3321 zone for today's BUY signals. Target is still 3432 but you need to pay attention to the 3397 zone where there may be a reaction from the Sellers.
Support: 3355-3347-3321
Resistance: 3397-3432
Lingrid | GOLD Weekly Market Analysis: Consolidation ContinuesTVC:GOLD has developed a double top pattern, marking a significant shift from the previous consolidation phase. The recent rejection from the $3,400 resistance zone has created a bearish reversal structure that's now testing critical support levels. 4H chart reveals a clear double top formation with peaks around $3,400, followed by a decisive breakout below the flag pattern that previously suggested continuation. This technical deterioration represents a major shift in market structure, with the upward trendline now serving as resistance rather than support.
Current price action at $3,309 sits dangerously close to the key support level at $3,245. A break below this zone would likely trigger accelerated selling toward the major support area around $3,120, representing the bottom of the recent consolidation range. Previous weekly highs (PWHs) around $3,354 now serve as immediate resistance, with the double top peaks at $3,400 representing the more significant barrier. Any recovery attempts will likely face selling pressure at these levels, creating a challenging environment for bullish momentum.
The upward trendline breach is another bearish development, as this line had provided support throughout the entire rally from the cycle lows. Its violation suggests a potential shift in the primary trend structure, though the major support at $3,120 remains intact. However, the major support confluence around $3,120 could provide a lifeline for bulls. This level represents multiple technical factors including previous significant lows and the bottom of the recent consolidation range, making it a natural area for buying interest to emerge.
The current setup suggests gold is entering a more challenging phase where rallies may be sold rather than bought. The shift from continuation to reversal patterns indicates a potential change in market sentiment that could persist until major support levels are tested and either hold or break decisively.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Seeing this big opportunity on Gold #XAUUSD like I am ?On Sunday, June 1st, Gold opened at $3,300 and has been climbing steadily all week, forming a key liquidity zone. These zones are super important in the trading world because that’s where institutions pull price back to trap retail traders and shake out weak hands. 🔁
On Friday, May 30th, Gold closed at $3,290, and opened that Sunday at $3,300, leaving what we call a GAP—a price space that usually needs to be filled. 👀
📊 Gold is still in a strong uptrend on the daily and weekly timeframes. This tells us that a pullback to the $3,300 zone could offer a prime entry point, especially where institutions grab liquidity to fuel the next bullish move up to $3,400. 🚀
✅ On Friday, June 6th, Gold marked a low at $3,307, giving us even more confirmation that a revisit to this price zone is likely before we push higher.
🔎 Why focus on daily candles? Simple. They give us better opportunities for scalping, day trading, and if the move reacts strong enough, even a clean swing trade.
#tradinggold #xauusd #liquidityzones #forextrader #daytrading #priceaction #gapstrategy #puertoricotrader #swingtrading #scalpingstrategy
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= VERSION ESPANOL =
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Desde el domingo 1 de junio, el Oro abrió en $3,300 y ha subido toda la semana, marcando una zona clave de liquidez institucional. Estas zonas son bien importantes porque es donde los grandes mueven el mercado, provocan retrocesos y atrapan a los traders que no están listos. 🔁
El viernes 30 de mayo el oro cerró en $3,290, y abrió el domingo en $3,300, dejando un GAP que aún está pendiente por rellenarse. 👀
📊 La tendencia del oro sigue siendo alcista en temporalidades de 1D y 1W. Eso significa que si el precio retrocede a la zona baja cerca de los $3,300, puede ser una entrada poderosa para que las instituciones recojan liquidez y empuje el precio hasta los $3,400. 🚀
✅ El viernes 6 de junio, el precio dejó un punto bajo en $3,307, lo que refuerza la probabilidad de ese movimiento alcista.
🔎 ¿Por qué velas de 1 día? Porque nos dan oportunidades claras para scalping, day trading y hasta un buen swing trade si el movimiento se confirma con fuerza.
#tradingpuertorico #xauusd #oro #liquidezinstitucional #daytrading #swingtrading #traderlatino #priceaction #gaptrading #scalpingestrategia
XAU/USD 1H – Clean Impulsive Setup UnfoldingGold has completed a clean Wave (2) correction, bottoming at $3,292.30, respecting both structural demand and fib confluence. Price is now showing early signs of Wave (3) development to the upside.
📌 Key Structure:
Wave (1) High: $3,403.30
Wave (2) Low: $3,292.30 (confirmed higher low structure)
Market is now consolidating slightly above the 0.5 fib level ($3,324.45), with bullish structure still intact.
📈 Technical Confluence:
Price is holding the internal bullish trendline
RSI is neutral but building potential upside momentum
Price action is forming higher lows, indicating strength post-correction
🎯 Next Bullish Targets:
$3,366.08 (0.236 fib level of Wave (2) correction)
$3,403.30 (Wave (1) high retest)
Final Wave (3) extension zone: $3,445 – $3,500
📉 Invalidation Level:
A break and close below $3,292.30 would invalidate this Wave (2) bottom and open the door for a deeper correction.
✅ Bias:
Bullish, as long as price holds above the 0.618 – 0.705 fib zone. A strong push from this area could confirm the next leg of Wave (3).
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