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XAUUSD trade ideas

GOLD/USD Bearish Rejection at ResistanceGOLD/USD Bearish Rejection at Resistance 📉🟥 🔍 Technical Analysis Overview: The GOLD/USD chart shows a clear bearish rejection pattern forming near the resistance zone around $3,450, marked with red arrows. After price tested this level twice, strong selling pressure appeared, resulting in a sharp decline. 📌 Key Observations: 🔴 Resistance Zone: Price was rejected from the resistance area around $3,450 twice, indicating strong seller presence. Double top-like behavior seen with lower highs confirming weakening bullish momentum. 🟠 Support Zone: A well-respected support level near $3,250 has been identified based on past reaction (highlighted with orange circles). Price previously bounced twice from this zone, validating it as a strong support level. 🎯 Target Level: A near-term target of $3,305.586 is marked, which aligns with previous reaction zones and short-term structure support. If momentum continues, a deeper push toward $3,250 support is probable. 📉 Bearish Bias Justified By: Clear rejection from resistance Lower high formation Current consolidation with downward bias Possible breakout to downside if $3,305 fails to hold ⚠️ Risk Note: If price retraces and breaks back above $3,400 with volume, the bearish setup will be invalidated. 📊 Conclusion: The chart favors bearish continuation with a primary target around $3,305, and extended downside to $3,250 if bearish pressure sustains. Traders should watch for bearish confirmation patterns below current price before engaging. 🔽 Resistance: $3,450 🔼 Support: $3,250 🎯 Target: $3,305
TVC:GOLDShort
by MrStellanSight
2
XAU/USD.1h chart pattern. 📈 Trade Setup (Long Position on Gold) Entry: 3320 Target 1: 3370 (💰 +50 points) Target 2: 3400 (💰 +80 points) Stop-Loss (suggested): You haven’t specified, but a technical stop-loss around 3290–3300 could be prudent, depending on volatility and timeframe. Risk-Reward Ratio: Target 1: 1:2 (assuming 25-point SL) Target 2: 1:3.2 (approx.) 🧠 Key Considerations Technicals: Check if 3320 is near a support zone. A bounce from support strengthens the setup. Fundamentals: Watch for: Fed announcements US Dollar Index (DXY) Inflation data (CPI, PPI) Geopolitical risks (which can spike gold) Would you like: A chart analysis? An updated gold price? Risk/reward calculation for your capital? Let me know how I can assist further.
OANDA:XAUUSDLong
by Money_Magnet5
20
XAUUSD – GOLD BREATHER OR BREAKDOWN? UNLOCKING SMART MONEY ZONES🔍 MACRO & MARKET SENTIMENT SNAPSHOT Gold witnessed a sharp pullback after an overextended rally during the Asian session — catching many off guard... Meanwhile, the US Dollar climbed 0.7% on safe-haven demand and rising Fed rate speculation. Yet, gold’s dip appears more like a tactical liquidity sweep than a full-blown trend reversal... 🌍 Heightened geopolitical risks — especially escalating tensions between Iran and Israel, along with Trump’s latest remarks on Tehran — continue to fuel risk-off sentiment... 🛢️ Surging oil prices suggest capital rotation might be in play, as institutional flows shift between commodities and equities... 📝 Upcoming catalysts include the Fed’s interest rate decision and the US retail sales figures — any unexpected data could rattle markets and alter rate expectations swiftly. 📉 TECHNICAL STRUCTURE (M30 VIEW) The metal corrected sharply after an aggressive upside move triggered by Asian FOMO... EMA alignment (13, 34, 89, 200) is tightening — signalling potential early-stage trend reversal or consolidation... Fair Value Gaps (FVGs) beneath current price levels highlight areas where smart money may be waiting to reload positions... 🎯 TRADE SETUPS 🔵 BUY ZONE: 3345 – 3343 Stop Loss: 3339 Target Levels: 3350 → 3354 → 3358 → 3362 → 3366 → 3370 → 3380 → 3400 → ??? 🔎 Wait for clear bullish confirmation via price action or rejection candles during London or New York sessions before entry. 🔴 SELL ZONE: 3442 – 3444 Stop Loss: 3448 Target Levels: 3438 → 3434 → 3430 → 3425 → 3420 → 3410 → 3400 ⚠️ Only consider shorts on clean rejection from resistance, supported by strong bearish signals — avoid speculative entries in high-volatility conditions. 🧠 FINAL THOUGHTS Gold is operating within a classic smart money framework — stop hunts, liquidity grabs, and stealth accumulation... In uncertain macro conditions, precision and timing matter more than ever. Don’t chase the move — let price come to your level. 📌 Stay tuned for live updates during the Fed press conference and New York session.
OANDA:XAUUSDLong
by EliseLunaTraders
3
Gold falls back and then risesThe recent market has been up and down, and the long and short positions have been frequently switched. Many investment friends are caught off guard or don’t know where to start. As soon as they buy, the price drops, and when they exit, the price rises. In fact, this is the situation that many novice friends will encounter. Here I tell you that when trading, first of all, do not trade frequently. Secondly, you need to have a precise control of the market and stick to your own trading system. Analysis of gold trend: Today, the strength of gold is very weak. It is just a wave of highs. It quickly fell below the 3400 mark. Keeping above the key point of 3400, gold continues to be bullish. Now after falling below 3400, the short-term has gone out of the small-level top, and the market is no longer so strong. For our short-term operations, the short-term correction of gold prices focuses on the daily cycle MA5 support and the weekly MA5 support to go long. Pay attention to the 3403-3408 resistance card short on the rebound. You can follow the short, but it can only be short-term! Although gold has fallen below 3400, the short-term direction has changed, but the general direction has not changed. It is still bullish. In the future, we still have the opportunity to look at the high point of 3500, but we have to wait for the bottom to stabilize. Now we can only follow the trend. We will do what the market does. We will go short in the rebound in the next two days! From a technical perspective, the current 4-hour MACD high dead cross with large volume, and the smart indicator STO is running oversold, which represents the 4-hour oscillation trend. The current 4-hour Bollinger Band three-track narrowing also represents the range compression. The current 4-hour upper pressure is located at the adhesion point of the middle track and the moving average MA10 at 3404-3409, and the corresponding support is the 3380-3363 line near the moving average MA30 and MA10. From the current 4-hour perspective, if the price is to fall directly, the rebound will not exceed the 3420-3422.5 line. The current 1-hour MACD dead cross of gold is shrinking and sticking, and the smart indicator STO is running downward, indicating that the hourly line continues to oscillate weakly. What we need to pay attention to now is the adhesion and suppression of the upper moving average MA60 and MA30 corresponding to the 3412 line. Pay attention to the resistance of 3403 in the short term. Today's short-term operation of gold recommends rebound shorting as the main, and callback long as the auxiliary, and pay attention to the support of 3380-3370 in the short term. Gold operation strategy: It is recommended to go short near 3410-12, stop loss at 3420, target at 3390-3380, break at 3370;
OANDA:XAUUSDShort
by WardBloomer
2
XAUUSD: Analysis June 16Gold has a lot of momentum to increase and could head towards testing the all-time high around 3500 as there are too many risks emerging, from geopolitical developments to interest rate outlook, and tariffs. Major conflicts in the Middle East, Russia - Ukraine, trade war between the US and the rest of the world, ... are all sudden risk support that makes gold likely to surge in the short term. Gold, after increasing around 3450 this morning, is currently correcting down. But overall, the uptrend with gold is still solid after breaking the downtrend channel. However, we should avoid buying in strong corrections. The support area around 3400 will be the ideal place for us to BUY today. And the resistance area 3440 - 3445 will be where we SELL.
OANDA:XAUUSDLong
by Stone_Haven
2
Gold surging as geopolitical tensions rise in the Middle EastGold prices surged to nearly a two month high on Friday driven by escalating geopolitical tensions in the Middle East. Spot gold rose 1.3% to $3,427.36 per ounce. This marks a gain of over 3.5% for the week. The rally was fueled by Israel's preemptive strike on Iran's military and nuclear facilities, intensifying regional instability. The conflict has shifted investor focus from trade negotiations to safer assets like gold. Additionally, weaker U.S. economic data, including jobless claims at an eight month high and subdued inflation, have increased expectations of a Federal Reserve interest rate cut, further boosting gold's appeal. Technically, gold has established a subsequent move towards challenging the all time peak, around $3,500 psychological mark. Top end of the falling flag channel at $3,300.00 provided a strong support and reversal as the price continues its short term bullish trending channel. On the contrary, some follow-through selling below the $3,385 region, however, should pave the way for additional losses towards the $3,355 intermediate support. "The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice."
TVC:GOLD
by Blueberry
7
Gold (XAUUSD) Market Outlook - Long Term TrendGold (XAUUSD) Market Outlook: Bullish Trend, Critical Resistance, and Macro Drivers Technical Analysis: Looking at the daily timeframe, Gold has been absolutely on fire. Overall Trend and Market Structure: • Strong Uptrend: We've seen a remarkably robust and sustained uptrend for Gold since late 2024. It's a textbook example of a healthy rally, consistently printing higher highs and higher lows. This bullish momentum is clear as day, with the candles comfortably riding above that rising blue trendline channel. • Trendline Support: That prominent blue diagonal band has been a fantastic dynamic support. Gold has bounced off this trendline multiple times (you can spot those green circles), which really solidifies its strength and confirms it as a key support level for this rally. Key Resistance Level: • All Time Resistance 3,500: Gold's currently bumping up against a major hurdle: its "All Time Resistance" zone right around 3,500, marked in red. This isn't just a number; it's a huge psychological and technical barrier. Price has poked at this level a few times lately, suggesting there's some serious selling pressure or profit-taking happening up there. A clean, decisive break and close above 3,500 would be a massive bullish signal, likely opening the door to new, uncharted price discovery. Key Support Levels: • Fibonacci Golden Level + Breakout Retest Level (3117 to 3167): Now, if we see a pullback, this grey rectangular zone looks like a crucial area of confluence for support. o Fibonacci Golden Level: This zone perfectly aligns with the 0.618 and 0.71 Fibonacci retracement levels (pulled from that big swing up from the initial low). These are well-known as powerful support and resistance points. o Breakout Retest: What makes it even stronger is the idea of a "breakout retest." It suggests a previous resistance level that Gold powered through is now expected to act as solid support if tested from above. It’s a classic chart pattern we always look for. o This entire zone is definitely a critical area to watch if price starts correcting. A strong bounce from here would keep the bullish structure perfectly intact, but a break below it would signal a deeper correction. • Point of Control (2900 to 3000): This broader grey zone, with the orange line highlighting the exact Point of Control (POC), tells us where the most trading volume occurred over this period (check out the Volume Profile on the left). It's a high-liquidity zone, meaning a lot of buyers and sellers found agreement there in the past. If Gold were to see a more significant correction, this area would likely offer very robust support, simply because so many market participants have a vested interest at these levels. Volume Profile: • Glancing at the volume profile on the left, it neatly shows us where the trading action has been heaviest. The big hump around 2900-3000, marked as the "Point of Control," really emphasizes just how important that support area is. What's interesting is the relatively lower volume as we've moved higher, suggesting less resistance on the way up. But if we fall back towards the POC, expect to see trading activity really pick up again. Price Action & Candlestick Patterns: • The candlestick patterns consistently show powerful bullish pushes followed by more measured pullbacks. Right now, near the All-Time Resistance, we're seeing some consolidation or perhaps a bit of indecision. The bulls are certainly trying to push through, but they're clearly meeting some stiff resistance. • That "$" label near the trendline? That often points to areas where liquidity, like clusters of stop-losses or pending orders, might have been "swept" by larger players – a concept often discussed in Smart Money Concepts (SMC). ________________________________________ Fundamental Factors & Macro Impact: This strong, persistent bullish trend in Gold isn't just random; it's being supercharged by a mix of powerful fundamental and macroeconomic forces: 1. Safe-Haven Demand: o Geopolitical Tensions: Look around the world – ongoing conflicts like the Russia-Ukraine war and Middle East tensions, plus general geopolitical instability, are sending investors straight to safe havens like gold. It's seen as the ultimate store of value when the world feels unpredictable. o Economic Uncertainty: There’s a lingering sense of unease about the global economy, whispers of potential recessions, and general market volatility. All of this naturally increases gold's appeal. o Banking Sector Stability: Any fresh concerns about the health of the financial system or regional banking troubles can instantly boost gold's allure as a secure asset. 2. Inflation Hedge: o While inflation has eased a bit from its peak, it's still proving quite stubborn in many major economies, higher than what central banks would prefer. Gold has a long history as a reliable hedge against inflation; it tends to hold its value or even increase when fiat currencies lose purchasing power. 3. Central Bank Buying Spree: o This is a massive, often under-appreciated, driver. Central banks, especially those in emerging markets, have been aggressively buying gold. They're looking to diversify their foreign exchange reserves away from the US Dollar, reduce their reliance on Western financial systems, and simply add another layer of protection against global risks. This consistent, institutional demand provides a very strong underlying bid for gold. 4. Interest Rate Expectations & US Dollar Weakness: o Federal Reserve Policy: Gold typically moves in the opposite direction of real (inflation-adjusted) interest rates and the strength of the US Dollar. o Rate Cut Anticipation: Markets are increasingly pricing in interest rate cuts from the Federal Reserve and other major central banks. When interest rates are expected to fall, holding non-yielding gold becomes much more attractive compared to assets that pay less interest. The opportunity cost of gold goes down. o Weaker US Dollar: A softer US Dollar makes gold cheaper for anyone holding other currencies, which naturally boosts demand. Persistent concerns about the US national debt and fiscal health can also put pressure on the dollar, thereby supporting gold. 5. Global De-dollarization Efforts: o This also supports in terms of De-dollarization or reducing the country’s dependence on the US Dollar for international trade and as a reserve currency. Gold plays a significant role in this strategic shift, adding another layer to its demand. ________________________________________ Conclusion & Outlook: Gold (XAUUSD) is absolutely in a powerful, well-established bullish trend, having racked up some impressive gains since late 2024. Right now, it's staring down its "All Time Resistance" at 3,500 – a truly critical moment. • Bullish Scenario: If we see a decisive breakout and a sustained close above 3,500, it would confirm incredibly strong bullish momentum. This could easily lead to a swift move into new, uncharted territories. We'd expect this to be fueled by ongoing safe-haven demand, continued aggressive central bank buying, and/or growing conviction that significant rate cuts are on the horizon. • Correction Scenario: On the flip side, a strong rejection from that 3,500 resistance could trigger a correction. We'd likely see it head back towards the trendline support, and possibly even that "Fibonacci Golden Level + Breakout Retest Level" zone (3117-3167). As long as these key support levels hold firm, the overall bullish structure stays perfectly intact. However, a clear break below that golden zone would signal a deeper pullback, with the "Point of Control" (2900-3000) waiting as the ultimate strong support. From a fundamental perspective, the broader macroeconomic landscape – thinking about geopolitical tensions, persistent inflation concerns, the insatiable central bank demand, and the future path of monetary policy – continues to lean very much in gold's favor. Going forward, traders and investors will be keeping a very close eye on central bank statements, inflation reports, and any new geopolitical developments for the next big cues on Gold's direction. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
OANDA:XAUUSDLong
by ManiMarkets
4
Seize the opportunity to short gold after the reboundBecause gold fell back to the expected support area of ​​3375-3365 first, I just took the opportunity to go long on gold near 3372 and set TP: 3390. Obviously, our long position ended the transaction by hitting TP, and we made a profit of 180pips. At present, gold continues to rebound to around 3396, and is facing the short-term resistance area of ​​3395-3405, and the upside may be limited. And I think before the Fed's interest rate decision and Powell's monetary policy conference, gold is likely to maintain a range of fluctuations, and the willingness of both long and short parties to break through may not be strong in the short term. And from the current structure, gold tends to fluctuate downward as a whole. So for short-term trading, we might as well try to short gold in the resistance area. I think it is still very likely to retreat to at least the 3385-3380 area.
OANDA:XAUUSDShort
by Steffen_Schade
4
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Yesterday we wanted that up move, then the tap of the low and the long which worked well from the red boxes which are now on the chart. Focus was on the news today and we had not 1, not 2, but 3 active targets and a hotspot. Target was hit on the release, hotspot reacted and we got a nice short down to complete 2 short targets to end the day. We would say resistance here is now the 3330 region which if held should give us an undercut low into that lower red box to potentially stretch those wick chasers out a little. That wick however is concerning, Gold doesn't like leaving them behind! As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
20
Gold Soars – Heading Towards 3,500 USD/ounce?Gold prices closed yesterday at 3,457.7 USD/ounce, up 0.12% from the previous day, fluctuating between 3,453.7 USD and 3,458.1 USD/ounce, marking the highest level in the past two months. XAU/USD is currently maintaining an uptrend within a well-defined price channel, with strong support at the 3,390–3,400 range. After a short correction, the price could continue to rise if it holds above the EMA34, with the next target towards the 3,445–3,460 range and further up to 3,500 USD/ounce. This upward momentum is supported by geopolitical tensions in the Middle East, particularly between Israel and Iran, driving demand for gold as a safe-haven asset. U.S. CPI data lower than expected has also increased expectations of a Fed rate cut, alongside central banks increasing gold reserves, all contributing to the continued rise in gold prices.
OANDA:XAUUSDLong
by Rocky_trade_
3
Potential bearish drop off major support?The Gold (XAU/USD0 has broken out of the pivot which acts as an overlap support and could drop to the 1st support which has been identified as an overlap support. Pivot: 3,374.04 1st Support: 3,341.44 1st Resistance: 3,398.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDShort
by ICmarkets
2
Gold prices will rise to $4,000 in 2025!Gold may face tailwinds due to the current negative geopolitical developments around the world. Gold has risen sharply this year, up more than 20% and has repeatedly hit historical highs. With the influence of wars and geopolitical factors around the world, gold may rise even higher in the current context. I personally think that gold will rise to a price of $4,000 this year! At the same time, Bank of America is one of the institutions that is particularly bullish on the future of gold. In a report shared last week, the bank's experts said that gold may reach $4,000 per ounce in the next 12 months. Bank of America pointed out that as interest rates fluctuate and the US dollar weakens, investors continue to flock to safe-haven assets, and the rebound may continue. The bank also said that despite the rise in gold prices, investors are still underinvested in gold. "We estimate that investors have allocated 3.5% of their portfolios to gold... which is still below the historical high in 2011," Bank of America assessed, suggesting that more capital from individual investors may be invested while the rebound continues. Likewise, while central banks have clearly increased their investments in gold in recent years, the bank's report noted that the proportion of gold they hold is close to 18%, below the all-time high during the Bretton Woods era in the 1970s. Nevertheless, according to the European Central Bank (ECB), gold is currently the second-largest reserve asset held by central banks, second only to the U.S. dollar. Another key driver may come from geopolitical developments, including the recent outbreak of the Israel-Iran conflict. After the first round of bombing, gold futures rose to $3,440, approaching its record price of $3,500. Oil price futures also rose due to the impact of the escalating conflict. Previously, JPMorgan Chase had envisioned a path for gold to reach $6,000, which included shifting 0.5% of U.S. foreign exchange assets to gold. So friends who regard gold as a long-term investment, the current volatility is nothing, it is a good time to start!
OANDA:XAUUSDLong
by KellyLondon
2
Gold Hits PRZ with RD-! Time for Bears to Take Over?Gold ( OANDA:XAUUSD ) attacked the Resistance zone ($3,445-$3,406) once again, forming an Ending Diagonal at the top of the structure. Although price reached the Potential Reversal Zone (PRZ) , the presence of Regular Divergence (RD-) between the last two peaks could indicate the weakening of bullish momentum . In terms of Elliott Wave theory , we can clearly count a completed 5-wave structure , with an Ending Diagonal pattern . This supports the idea of a major correction starting soon . I expect Gold to attack the lower lines of Ending Diagonal , and if it breaks, it could drop to at least $3,333 . The Second Target could be the Support zone ($3,451-$3,120) . Do you think Gold will make a new All-Time High(ATH) again in this rally?! Note: Stop Loss (SL) = $3,463 Gold Analyze (XAUUSD), 2-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
5
Continue the uptrend, gold price returns to 3444⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) slipped for the second consecutive session on Tuesday, retreating from an early uptick during the Asian session that briefly pushed prices above the $3,400 mark. A slight rebound in the US Dollar (USD) continues to weigh on the precious metal, acting as a key drag. However, the downside appears limited amid escalating geopolitical tensions in the Middle East and growing market expectations that the Federal Reserve (Fed) will initiate further rate cuts in 2025. Meanwhile, the ongoing aerial conflict between Israel and Iran has entered its fifth day, heightening fears of a wider regional escalation. This persistent geopolitical uncertainty is keeping demand for safe-haven assets like gold supported. Investors are also exercising caution ahead of the Federal Open Market Committee’s (FOMC) two-day policy meeting, the outcome of which may shape the next directional move for non-yielding bullion. ⭐️Personal comments NOVA: Gold price takes liquidity from lower supports: completed 3385, 3373. short term downtrend break. Gold price will soon return above 3400. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3443- 3445 SL 3450 TP1: $3435 TP2: $3422 TP3: $3407 🔥BUY GOLD zone: $3352-$3350 SL $3345 TP1: $3368 TP2: $3376 TP3: $3390 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDLong
by Nova-Scalper
3
XUA/USD) Bullish trand support level Read The captionSMC trading point update Technical analysis of (XAU/USD) on the 30-minute timeframe, incorporating a support zone and trendline confluence strategy. Here's a breakdown --- Analysis Summary Key Technical Elements: 1. Uptrend Channel: Price is trading within a rising channel. Higher highs and higher lows indicate bullish momentum. 2. Support Zones: Key Support Level (near 3,400): A horizontal support zone has been marked where price previously bounced (confirmed by green arrows). Trendline Support: This upward sloping trendline adds confluence to the horizontal support zone. 3. EMA 200 (3,377.96): Acts as a dynamic support level. Price is well above the EMA, supporting bullish sentiment. 4. Projected Price Move: The chart anticipates a dip back to the support area (~3,400), followed by a bullish bounce. Target is clearly defined at 3,504.01, with a measured move of about +103.36 points from the support. 5. RSI Indicator: RSI is around 57, which is neutral to slightly bullish. No overbought/oversold signal yet – supporting potential for more upside. --- Bullish Bias Reasoning: Confluence Zone: Horizontal + trendline + EMA 200. Healthy Price Structure: Higher lows being maintained. Momentum Indicator (RSI) supports continuation. --- Risks / Considerations: If price breaks below the confluence support (~3,400), bullish invalidation may occur. Monitor for false breakouts or heavy selling pressure near resistance. Mr SMC Trading point --- Trading Plan Buy Zone: Around 3,400 (support confluence). SL: Below the trendline/EMA – e.g., 3,370 or lower. TP: Around 3,504 (target zone marked). Please support boost this analysis)
FX:XAUUSDLong
by SMC-Trading-Point
4
HelenP. I Gold may bounce from trend line to resistance levelHi folks today I'm prepared for you Gold analytics. After observing this chart, I see that the price tried to grow to the resistance level first, but failed and dropped to the support level, which coincided with the buyer support zone. After this correction movement, XAU rebounded up and then dropped below the support level, breaking it. But soon, price turned around and made impulse up, breaking the 3265 level, after which it continued to move up to the resistance level. When Gold reached this level, it entered to resistance zone, where it turned around at once and made a strong movement down to the trend line, breaking two levels. Also then it started to trades inside a triangle, and soon turned around from the trend line and made a strong impulse up. Price broke the 3265 support level one more time, rose a little more, and then made a correction. After this, price continued to move up and soon reached the 3395 resistance level, after which it turned around and fell to the trend line, which is the support line of the triangle as well. Recently, it started to grow, so I expect that XAUUS will correct to the trend line and then continue to move up to the resistance level. That's why the 3395 resistance level is my current goal. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by FirstNameHelen
7