Gold Short-Term Outlook: Potential Rebound Toward Resistance Be The price is currently trading around the 3353 level, after bouncing from a key support zone at 3329 dollars.
In the first scenario, if the price continues to rise, it’s expected to reach the 3398 level — a very strong resistance area, as it aligns with a descending trendline and multiple previous highs. This zone could trigger a strong pullback, and we expect a new decline back toward the 3329 and 3319 levels respectively.
The MACD is giving a bullish signal, and the Stochastic is also moving up from the oversold area, which suggests the possibility of a temporary upward move.
XAUUSD trade ideas
X1: GOLD/XAUUSD Buy Risking1% to make 3.63X1:
Risking 1% to make 3.63%
GOLD/XAUUSD Long for day trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
Risking 1% to make 3.63%
Note: Manage your risk yourself, its risky trade, see how much your can risk yourself on this trade.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
Gold: The Start Of The C Wave (Extreme Danger!)After the FED announces their business Gold (XAUUSD) is likely to crash-down and hard.
I will support my statement with data coming from this chart.
The crash doesn't necessarily need to happen instantly. My idea is that we are witnessing a classic ABC correction in Elliott Wave Theory terminology. Let's dive in.
» Trading volume peaked in early April and has been dropping considerably.
» The ATH session ended as a very strong bearish (reversal) signal.
» There is a strong bearish divergence with the RSI. The RSI peaked February 2025 while Gold (XAU) peaked recently. Here is the chart:
Currently, Gold is showing a bounce until the resumption of the corrective bearish move.
Gold is set to move lower based on my interpretation of this chart. Approach with caution, or, go SHORT. You can't go wrong by shorting the top/resistance. Sell at resistance, buy at support.
Namaste.
GOLD 15MINGOLD 15MIN break of structure came for retest and we see a sharp drop in the yellow metal from 3403 to 3384-3385 as anticipated based on 15min break of yesterday consolidated supply roof .if 3384 holds buyers will challenge current all time high ,and if they fail selling will be watched on the break and retest of the 4hr demand floor.
Daily Analysis- XAUUSD (Thursday, 8th May 2024)Bias: Bullish
USD News(Red Folder):
-Unemployment Claims
Analysis:
-No bottom wick on daily candle
-Looking for price to retest 0.382-0.5 fib level
-Potential BUY if there's confirmation on lower timeframe
-Pivot point: 3310
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
XAUUSD Price Action: Bullish Break + Liquidity Sweep Trade Idea🪙✨ Gold (XAUUSD) Technical Outlook ✨📈
I’m currently analyzing XAUUSD on both the daily and 4H timeframes, and here’s what I’m seeing:
🚀 Price has broken bullish structure and is now looking overextended, pushing into a buy-side liquidity zone—clearly visible to the left of current price action. 💰📊
It’s clearing buy stops, which could trigger a retracement soon. 🧲🔁
🎯 I’m watching closely for a pullback into the 50%–61.8% Fibonacci retracement zone on the current price swing—that’s my key point of interest for a potential long setup, provided we see a healthy pullback followed by another bullish break of structure. 🔍🔐
🧠 Not financial advice—just my personal analysis. Always manage risk. ⚠️📉
Skeptic | XAU/USD Analysis: Gold’s Next Big Move Is Brewing!Hey everyone, Skeptic here! Let’s kick off the morning with a deep dive into XAU/USD —gold’s serving up some exciting opportunities right now! 😊 Activating our triggers could spark a sharp move, potentially reigniting the major trend from before, so stick with me to the end of this analysis. As always, we’ll start with the Daily Timeframe to get the big picture. Let’s dive in! 📊
📅 Daily Timeframe: The Big Picture
It’s clear as day—the major trend is bullish . We’re seeing higher highs and higher lows, which, per Dow Theory, confirms a solid uptrend. After gold hit a peak at 3502.48 , it entered a secondary corrective trend, pulling back to the 50% Fibonacci retracement level. This correction was healthy, and the price action suggests the uptrend still has plenty of juice left. 💪
Post the sell-off candle on May 1, it looks like the correction might be done, and we’re now heading to test the resistance at 3425.31 . If that level breaks, we could see the major uptrend resume with some serious momentum. With this in mind, let’s zoom into the 1-Hour Timeframe to hunt for long and short triggers.
⏰ 1-Hour Timeframe: Long & Short Setups
The last trigger I used for a long position was at 3270.75 , and it’s been performing nicely so far. But if this growth is to continue—and the correction is truly over—we’re about to see some explosive moves. The long trigger I’m about to share is worth the risk. Plus, if we don’t enter longs around these levels, it’ll get trickier later. A break above 3494.51 could come with heavy shadows, hunting stop losses, or it might spike too fast, leaving us without a good entry. So, the smarter play is to enter now with lower risk and higher R/R. Here’s the plan:
Long Setup 📈
Open a long position after a break above resistance at 3383.61 .
Target? The previous ceiling is a good start, but don’t close too early. Enter with the mindset that if the ceiling breaks, you’re already in a position, sitting pretty. Personally, I’m keeping my earlier long from below open, letting those profits run for peace of mind later. 😎
Short Setup 📉
For shorts, patience is key. Wait for a rejection from these levels, followed by a break below support at 3270.75 . That’s when we open a short position. No rush to short just yet—gold’s not showing signs of a momentum shift. But if it does, we could see deeper corrections, so keep both triggers on your radar. 🐻
🧠 Why This Matters
Spotting these triggers in a multi-timeframe setup gives us an edge, aligning short-term moves with the bigger trend. It’s all about stacking the odds in our favor. Want more insights like this? Check out my latest article on multi-timeframe strategies —it’s a game-changer! 📚
💬 Let’s Talk!
If this analysis helped you out, give it a quick boost—it means a lot! 😊 Got a pair or setup you want me to tackle next? Drop it in the comments, and I’ll get to it. Thanks for hanging out, and I’ll see you in the next one. Keep trading smart! ✌️
Gold (XAU/USD) Analysis – 1H
🏛 1. Current Market Structure
📈 During the Asian session open, gold showed a strong bullish reaction, confirming a resumption of upward momentum.
📐 The breakout of the trendline and reclaim of prior levels indicate a clear exit from consolidation.
🌍 2. Bigger Picture Outlook
🚀 This bullish impulse could now push gold towards new all-time highs, with targets above $3,500.
🗓 On Wednesday, Jerome Powell will speak – a potential rate cut is on the table, which could weaken the dollar, but might also hurt gold short-term if markets anticipate a rebound in growth.
🔍 3. Key Technical Observations
🟩 FVG 1H & OTE: Recently tapped, offering short-term support.
🟦 FVG 4H: A broader liquidity zone that has now been broken through.
🎯 4. Short-Term Expectations
📉 A pullback to the 1H OTE may occur to grab liquidity before continuation.
📈 If Asian market flows remain strong, gold could continue its momentum towards $3,500 and beyond ahead of the FED speech.
🔥 5. Upcoming Catalysts
🕰 Powell’s speech on Wednesday: High-impact event.
💸 Interest rate decision: If a cut is confirmed, gold may temporarily retrace despite a bullish longer-term outlook.
🌍 Asian session flows: Still favorable to gold, with visible liquidity spikes at session open.
✅ Conclusion
👉 The bullish recovery is now technically confirmed, with a clean structure and strong reactions at key zones.
📍 Levels to watch:
OTE + FVG 1H
The $3,500 mark
Powell’s speech as a primary macro catalyst
🔎 For now, gold remains well-supported during Asian hours, reflecting continued investor interest in uncertain times.
XAUUSD – The Setup’s Already BreathingFlipped to the 15M so they don’t see the precision… but this is 5M business.
IDM below that HH is baiting price back in—liquidity needs to get swept.
Once the zone’s kissed, I’m hunting the micro LH to get smoked.
The move’s already loaded… just waiting on the trigger.
They watching. I’m waiting. That’s the difference.
Bless Trading!
The downside risk of gold increases!📌Fundamentals:
1. The conflict between India and Pakistan shows signs of escalation
2. US-Houthi ceasefire agreement
3. The Fed’s interest rate decision dominates this week’s market
4. International trade situation disturbs market sentiment
5. Market sentiment and capital flow
📊Technical aspects:
At present, on the hourly basis, gold is still under pressure at the small range resistance of 3400, and the current tariff crisis has cooled down. The data of the Fed's interest rate decision will cause a series of fluctuations in gold in the short term. At the same time, the market is betting that there will be further trend corrections, which may cause capital outflows in the market, which will further hit gold bulls!
There is actually a new round of operation opportunities in the short term. The short-term resistance should be around 3400, but since the game between major powers has not stopped, there will be no big negative factors. However, if the data layout does not fluctuate much, the market may not have a big dive. At present, we will temporarily play at the 3360-3400 level. If it breaks, we will make new adjustments!
🎯Practical strategy:
Gold: Short around 3390-3400 on the rebound, and the target is 3370-3360!
GOLD WILL GROW FURTHER|LONG|
✅GOLD is trading in a strong
Uptrend so we are bullish
Biased and the price already
Made a bullish rebound from
The horizontal support
Around 3360$ so we will
Be expecting Gold to
To go further up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold (XAU/USD) Analysis – 1H🏛 1. Current Market Structure
📉 Gold is currently consolidating and compressing between a Supply Zone below and a 4H FVG above.
🔎 This setup reflects market indecision, typical ahead of a major event like the FOMC.
🌍 2. Bigger Picture Outlook
⚠️ Powell's speech is scheduled in 2 hours, with very low probability of a rate cut.
💰 This would generally benefit gold, but keep in mind that some of this expectation might have already been priced in yesterday.
🔍 3. Key Technical Observations
🟩 4H FVG: Liquidity zone just above the current price, potential target if the price breaks upward.
🟫 Supply Zone: Key structural support, tested multiple times in the past hours.
📐 Classic compression pattern, often leading to a major breakout, but no clear direction confirmed yet.
🎯 4. Short-Term Expectations
📉 Bearish Scenario:
Rejection from the 4H FVG
Drop back to the Supply Zone
Potential liquidity sweep below $3,350
📈 Bullish Scenario:
Clear break above the 4H FVG
Potential rally towards $3,500 if the FED surprises or stop-losses get hunted.
🔥 5. Upcoming Catalysts
🕰 FOMC in 2 hours: Main short-term risk factor.
💸 Powell + Rates: If rates remain unchanged with a cautious tone, gold could break out to the upside.
🔎 Immediate volume and reaction will be critical to confirm a true breakout.
✅ Conclusion
👉 Caution is advised ahead of the FOMC. The market seems ready for a sharp move in either direction, but the outcome will heavily depend on Powell's tone.
📍 Key levels to watch:
4H FVG (~$3,420)
Supply Zone (~$3,370)
Psychological $3,500 level if a bullish surprise unfolds.
Gold 100% Profit SignalTechnical analysis of gold: Gold has fallen after rising, and there is a large room for gold to fall, from 3438 to 3360 now, with a fluctuation of nearly 78 US dollars. Under this change, we should pay attention to whether the long and short changes of gold will continue. From the perspective of cyclical performance, there is a high possibility of a wave of adjustment space after three consecutive positive lines on the daily line, and the intensity of this adjustment will not be small. It is possible that the big negative line swallows the positive line and directly falls below 3300. If it comes out like this, then it can be said that it is difficult for gold to rise this week. On Thursday and Friday, it may fluctuate and fall or fluctuate at a high level.
From the perspective of the 4-hour cycle, a big negative line closed, covering the previous positive lines, and breaking the support of the 5- and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock and the Bollinger middle rail is not broken, it may rise again to the high point of 3430. Therefore, gold has experienced large ups and downs in this cycle, and now it is possible to rise or fall. In the short-term cycle, we will first focus on the support effect of 3360-3350 under the weakness of the early trading. If it is not broken, we can continue to be bullish. The upper target is 3400, and if the strength is strong, we will look at 3430. On the whole, the short-term operation strategy for gold today is to mainly short on rebounds and to do more on pullbacks. The short-term focus on the upper side is the 3400-3405 line of resistance, and the short-term focus on the lower side is the 3350-3300 line of support.
Short order strategy:
Strategy 1: When gold rebounds to around 3397-3400, short sell (buy short) in batches, 20% of the position, stop loss 6 points, target around 3360-3330, break the position and look at the 3300 line
Long order strategy:
Strategy 2: When gold falls back to around 3300-3305, buy long positions in batches (buy up) with 20% of the position, stop loss 6 points, target around 3330-3350, break the position and look at 3370
Strong support at 3360; future trend analysis belowI mentioned yesterday that gold was accumulating bullish momentum to challenge the 3400 level at that time 📈. If the challenge failed, it would drop sharply 📉, and if it succeeded, it would continue to rise. That's why I advised you not to trade at that moment, as it was easy to choose the wrong direction and have your account wiped out 💥.
Currently, the international geopolitical situation has suddenly heated up 🌋, and the market's risk - aversion sentiment has once again pushed up the gold price 📈. However, tonight's Federal Reserve interest rate decision and Jerome Powell's speech will be key nodes in the battle between bulls and bears ⚔️. The sharp fluctuations in gold this morning conform to the characteristics of a washout 🌀. But be wary of a significant pullback after the continuous slow rise 🚨.
In terms of operation, it is recommended that investors avoid blindly chasing the upward trend and focus on the impact of the Fed's decision on real interest rates and the US dollar 👀. Currently, the resistance above is at 3397 - 3407, and the strong support level of 3360 has been tested twice today, showing a double V bottom pattern📊.
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Buy@3360
🚀 TP 3380 - 3390
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Powell's speech determines the trend.Tonight, Jerome Powell, the chairman of the Federal Reserve, will speak again. Whether he will confront Trump head - on is something worth looking forward to. However, it is certain that the Federal Reserve will not raise or cut interest rates today. It will keep the current interest rate. Whether there will be a rate cut in June depends on what Powell says. Therefore, there is great uncertainty about the fluctuation of the gold price tonight. No one can guess whether Powell will be hawkish or dovish now. But I think that regardless of his stance, the medium - and long - term trend of the gold price is optimistic. If he really makes remarks unfavorable to gold, which lead to a temporary slump in the gold price, it may instead be an opportunity for those who haven't bought or are on the sidelines to buy at a low price. So don't pay too much attention to Powell's speech. Moreover, this old man is likely to give a very tactful speech. I think he is very likely to neither offend Trump nor sacrifice the independence of the Federal Reserve. So his speech is likely to be very tactful. Therefore, regarding the fluctuation of the gold price, we need to see his attitude in the speech. Judging from the current performance of the gold price, it has actually shown a standard four - wave adjustment in 5 minutes. When will this four - wave adjustment end? It is likely to be a volatile adjustment during the day today, lasting until the European session or even tonight. After tonight, if the adjustment ends and the support level is clear, then the fifth wave is likely to start. Of course, if Powell's speech at 2:30 a.m. is also favorable to gold, the fifth wave will be even more promising. So we can wait and see what kind of stance Powell will take in front of the world.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
XAUUSD: Price Mitigated Earlier, We Got Left Behind! Hey Everyone
Happy Friday
So, yesterday, we were expecting gold prices to dip down to around 3172. But guess what? It didn’t quite go as planned! The price took a nosedive from 3208 and is currently sitting at 3260, almost 520 pips move.
It’s not always going to be a smooth ride, so let’s not get discouraged. We can focus on analysing this chart and keeping an eye on the price as it moves.
Once the trade is activated, there are two targets you can set. You can choose your own take-profit based on your analysis and trade management.
Good luck and trade safely! 😊
Thanks a bunch for your unwavering support! ❤️🚀
If you’re feeling generous, here are a few ways you can help us out:
- Like our ideas
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Cheers,
Team Setupsfx_
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It's a shame that gold will continue to fallGold Weekly Forecast
Gold closed last week below the previous weekly lows at 3,260, confirming bearish intent. Price has now left behind multiple imbalances from the bullish leg that started at the 3,000 level.
We could first see a retracement to the small imbalance zone around 3,300, followed by a bearish continuation back to the main support/imbalance zone near 3,000.
Sideways price action is likely early in the week — but unless bulls reclaim 3,300+, momentum favors a retest of the base.
Bias: Bearish
Key Zones:
• Resistance / Rebalance: 3,300
• Support / Imbalance Target: 3,000
—
Weekly forecast by Sphinx Trading
Drop your view in the comments.
#Gold #XAUUSD #GoldForecast #LiquidityVoids #TechnicalAnalysis #SphinxWeekly #SmartMoney #FVG #3kLevel
XAU/USD:Short-term range tradingThe international geopolitical situation has suddenly escalated, triggering market risk aversion and pushing up the price of gold. Today's interest rate decision of the Federal Reserve and Powell's speech will dominate the trend of the bullish and bearish sides. During the Asian trading session, the price of gold has fluctuated sharply. Be wary of a significant pullback after a moderate rise. If the key resistance level of $3400 cannot be broken, the probability of a short-term peak will increase greatly.
In terms of operation, avoid chasing high prices. Focus on the impact of the interest rate meeting on the real interest rate and the US dollar index. Buy on dips within the range of $3360-$3400 and sell at high levels to hedge risks.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Summary of the Gold Market This WeekThis week, the gold market showed a clear downward trend, with spot gold accumulating a 2.43% decline.👉👉👉
The economic data had a significant impact on the gold market this week. Data released by the US Department of Labor on the 2nd showed that the non - farm payroll employment in the US increased by 177,000 in April, much better than the expected 138,000, and the growth data for the previous two months were revised downwards. The US unemployment rate was 4.2% in April, in line with market expectations. The strong non - farm payroll data reduced the possibility of the Federal Reserve cutting interest rates in June. Under normal circumstances, the reduction in the interest rate hike expectation should be bullish for gold. However, the gold market did not rise sharply this time, mainly because the gold price had risen significantly in the early stage and the long - term investors had a strong sentiment of taking profits. At the same time, the relatively good employment data also reflected the resilience of the US economy to a certain extent, weakening the appeal of gold as a safe - haven asset. As a result, the gold price did not show an obvious upward trend immediately after the data was released. Instead, it remained volatile in the short term.
From a technical perspective, although the gold price has declined this week, the futures price still has certain technical advantages in the near term. On the daily chart, although a negative candlestick was recorded this week, the previous upward trend has made the moving average system still show a long - term arrangement. From the perspective of the RSI, the current value is hovering around 50, indicating that the market's long and short forces are temporarily relatively balanced, and neither side has an obvious advantage. Therefore, the gold price has entered a consolidation stage.
With the economic development in Asia and the changes in consumers' demand for gold investment and jewelry, Asia's influence in the global gold market has become increasingly prominent. If the demand in Asia remains strong in the future, it will provide strong support for the gold price. On the contrary, if the demand weakens, it may increase the downward pressure on the gold price.
Looking ahead to next week, the gold market still faces many uncertainties. On the one hand, the continuous changes in economic data and the direction of the Federal Reserve's monetary policy remain key factors. If the subsequently released data continue to show the resilience of the US economy, it may further reduce the market's expectation of a rate cut by the Federal Reserve, thereby suppressing the gold price. On the other hand, any new development in the international trade situation may trigger fluctuations in the market's risk - averse sentiment, thus affecting the supply - demand relationship and price trend of gold.