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XAUUSD trade ideas

Gold continues to fall, is it expected to reach 3210-3200?Yesterday we mentioned that the market may present a convergent triangle pattern. Today, the gold price has indeed ushered in a wave of sharp declines at the opening of the Asian session, and has fallen below the key support of 3260, and the lowest level has reached 3221. At present, the 1H moving average is spreading downward. In the short term, gold is still in a downward trend and is in a correction to overbought. The gold price is expected to reach 3210-3200. If it falls below this support range, it may even test the previous low of 3193. But at the same time, the 1H RSI indicator has fallen into the oversold area. Therefore, in terms of news, we need to pay attention to the initial jobless claims and PMI data during the US trading session today, and beware of the rebound after the correction. Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile. TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
Technical analysis of short-term gold operations!!!On Wednesday, the gold price generally showed a downward trend. The highest price rose to 3327.91 on the day, and the lowest price fell to 3266.79, closing at 3288.16. In view of the fact that gold fell under pressure during the early trading on Wednesday and broke through the four-hour and daily support as expected, and then the US market rebounded again and came under pressure, and finally ended in a big negative state at the daily level. The price has fallen below the daily support, so we need to pay attention to the continuation of the band decline in the future. From a multi-cycle analysis, first observe the monthly rhythm. The price rose for three months in the early stage and then a single-month correction appeared. Recently, it has risen for four months and then a single-month correction appeared. Therefore, according to the rhythm, four consecutive positives have appeared. For May, we must pay attention to market risks. From the weekly level, the gold price is supported by the support level of the 3040 area. From the perspective of the medium-term, we can continue to maintain a bullish view, and the price drop is only a correction in the medium-term rise. From the daily level, the current price resistance is in the 3007 area, which is the key watershed of the band trend. If the price is below this position, the subsequent band will be treated as short. At the same time, for the short-term four-hour price resistance, it is around 3290, so the subsequent price will be treated as short under the four-hour resistance. In general, the price can be treated as short under the four-hour resistance and the daily resistance.
TVC:GOLDShort
by AIan_Gold
1
Gold opens up callback space as expectedGold finally broke through the rhythm of continuous fluctuations in the morning and ushered in a relatively large correction. After the cyclical retracement in the morning, a bottom-breaking market was formed. Generally, for a direct decline in the Asian session, we will put the watershed at the opening price, which is the current high point of 3290! But it is not very meaningful to look at this position now. According to the recent rhythm of Asian session decline, weak European session, and rebound in the US session. We can look at the second decline in the European session rebound. But we should be more cautious in the US session. Especially in the second half of the US session, Intraday short-term pressure: 3266-70 top and bottom conversion position below: hourly double bottom around 3211-3195 "Observe whether there is a key area for the signal of stopping the decline"
TVC:GOLDShort
by AIan_Gold
1
XAUUSD Scalping SetupThis chart shows a potential scalping buy setup on the 15-minute XAUUSD chart. After a strong bearish drop, price found support near the 3,220 level, forming a bullish rejection with increasing volume—an early sign of buyers stepping in. The RSI is recovering from oversold levels, suggesting room for upward movement. The marked red zone around 3,270 represents a likely resistance or supply area, where price may face selling pressure again. A short-term buy could be considered as price pushes up from the current level, targeting the red zone for a quick profit. This setup anticipates a bounce toward resistance before a potential reversal or continuation of the larger downtrend.
OANDA:XAUUSD
by xxChartWhizxx
XAUUSD waiting for breakoutThis XAU/USD 1-hour chart shows a symmetrical triangle pattern forming, which typically signals a potential breakout as price compresses between converging trendlines Potential Scenarios: • Bullish Breakout: If the price breaks above the upper trendline (~3345–3350 area) with strong volume and RSI follow-through, the next targets could be: • Short-term: 3380–3400 • Medium-term: 3450 and possibly retest the recent high of 3500 • Bearish Breakdown: A break below the lower trendline (~3280–3270 area) with RSI dropping below 40 could lead to: • Short-term: 3240 • Medium-term: 3200 or even 3160
OANDA:XAUUSD
by SuMiTFX
GOLD drops sharply to $43, important support areaOANDA:XAUUSD encountered a sudden sell-off in early Asian trading on Thursday (May 1). The current price of gold is around $3,245/ounce, down sharply by $43 on the day and at a key technical position. OANDA:XAUUSD fell for a third consecutive day as signs that trade talks between the United States and China may be progressing reduced demand for safe-haven assets, Bloomberg reported on Thursday. China Central Television said the United States has been in touch with China through various channels. Bloomberg noted that concerns about the global trade outlook were also eased by news that the Trump administration was close to announcing the first of a series of deals that would reduce planned tariffs on several countries. OANDA:XAUUSD have risen about 25% this year, largely as investors flocked to the safe-haven asset as U.S. President Donald Trump’s rapidly shifting trade policies have roiled markets and stoked fears of a global economic slowdown. However, inflows into gold ETFs, central bank buying and strong speculative demand from China will also provide fundamental support for gold prices. Looking ahead, Friday’s US non-farm payrolls report could reveal the initial impact of Trump’s trade policies on the economy. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold is trading at a crucial support area for long-term bullish expectations with support from Ema21 converging with the 0.50% Fibonacci retracement. If gold is sold below $3,228, it could continue to decline further with a target of around $3,163 in the short term, the price point of the 0.618% Fibonacci retracement. On the other hand, the Relative Strength Index (RSI) is also approaching the 50 level after a period of correction, which in this case acts as the nearest support. It can be said that with the current position, gold has the most support with EMA21 converging with Fibonacci retracement 0.50% in terms of trend, and RSI approaching 50 is support in terms of momentum. During the day, the current position still shows that gold has the potential to increase in price and the notable positions will also be listed as follows. Support: 3,245 - 3,228 USD Resistance: 3,267 - 3,292 USD SELL XAUUSD PRICE 3295 - 3293⚡️ ↠↠ Stop Loss 3299 →Take Profit 1 3287 ↨ →Take Profit 2 3281 BUY XAUUSD PRICE 3195 - 3197⚡️ ↠↠ Stop Loss 3191 →Take Profit 1 3203 ↨ →Take Profit 2 3209
OANDA:XAUUSDShort
by Xayah_trading
Gold (XAU/USD) – Bearish Pennant Breakdown SetupGold is forming a bearish pennant on the 4H chart, suggesting a potential continuation of the prior bearish leg. A confirmed break below the $3,275 support area may trigger further downside toward the key targets. Fundamentally, gold faces pressure from a firmer USD and rising real yields, which could accelerate selling momentum. Pattern: Bearish Pennant Sell Entry: Below $3,275 Targets: * Target 1 – $3,260 * Target 2 – $3,240 * Target 3 – $3,200 Bias: Bearish Trade Status: Setup forming – trade inactive until confirmed breakdown Disclaimer: This is not financial advice. Please conduct your own research and manage risk accordingly. Support: If you found this helpful, like and follow for more trade ideas!
TVC:GOLDShort
by Gold_Traders_Team
Wide fluctuations, short at high levels and long at low levelsIn terms of news, we need to pay close attention to the conflict between Russia and Ukraine and the recent conflict between India and Pakistan. Initial jobless claims and PMI data will be released on Thursday, and the unemployment rate and non-farm data for April will be watched on Friday. Technical side, from the 4-hour analysis, the upper side continues to focus on the short-term suppression of 3320-3330, and further focuses on the suppression of 3345-56. The intraday rebound relies on 3320-3330 to short and continue to fall. The lower support is 3300-3290, and the short-term long-short strength and weakness watershed is 3270-3260. Before the daily level loses this position, continue to see long-short fluctuations, and participate in high-altitude low-multiple cycles. Do not chase orders. Intraday trading strategy SELL 3320-3330 TP 3300-3290 BUY 3260-3270 TP 3300-3310 If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell