GOLD: Target Is Up! Long!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3,332.62 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 3,359.49.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
XAUUSDG trade ideas
XAUUSD/GOLD: Gold remains offered below 3300Gold gave up Thursday’s gains and fell back toward the 3260 per troy ounce level by the end of the week, as improving market sentiment — driven by hopes for positive progress in the US-China trade dispute — weighed on safe-haven demand.
The overheated gold rally appears to be due for further cooling. Traders seem to be buying into rumors that a trade agreement between the US and China could be reached soon, even though China has publicly refuted those claims. The risk is that markets may be misreading the US’s language regarding whether the two sides are merely "talking" or actually "negotiating," which could mean that a deal remains far off — potentially leading to another move back toward 3500.
From a technical perspective, the daily Pivot Point at 3335 is the first key upside level that needs to be regained. Early in Friday’s session, there was a brief attempt to test the R1 intraday resistance near 3381. Should momentum continue, gold prices could extend the rally toward the R2 resistance at 3414, breaking above the 3400 mark.
On the downside, the S1 support was briefly breached this morning, but price action has since recovered back above it at 3302. Below that, the S2 support at 3256 comes into focus, followed by the key technical floor near 3245, which aligns with the April 11 high.
Gold at a Crossroads: Support Test in ProgressGold is currently trading near the key support zone at 3265–3285.
A confident break below this area could open the way for a deeper correction, with targets at 3220, 3125, and possibly down to 3070.
Why am I viewing it as a correction?
On the daily, weekly, and monthly charts, gold remains in a strong uptrend.
Shorting into an uptrend is risky, so if I do take a short, it will be with a reduced position size and tight risk control.
📝 Trading Plan:
1. 📉Wait for clear confirmation of a breakdown — a firm move below 3265. First target: 3220.
2. 📈If support holds and price stabilizes at current levels, I’ll be looking for long setups instead.
Patience is key here — no rush.
It is only a matter of time before the price breaks below $3,300From a daily chart analysis, gold showed a strong upward momentum during Tuesday's session, once hitting the key level of $3,500, before quickly retreating under overhead pressure and eventually closing with a bearish candle. This pullback after a sharp rally highlights significant selling pressure near the $3,500 level, where bullish momentum was fiercely resisted by bears at high prices.
The bearish trend continued on Wednesday, with gold closing lower again to form a two-consecutive-day bearish candlestick pattern. This consecutive decline further confirms that bears have taken short-term dominance, with bearish forces gradually gaining the upper hand.
Notably, the price action has a clear dividing line: the $3,317 level serves as the bull-bear watershed. A valid break below this level is likely to sustain the downward trend. Based on the current momentum, a decline below $3,300 appears only a matter of time, further reinforcing the short-term bearish sentiment.
XAUUSD
sell@3325-3335
tp:3300-3280
I hope this strategy will be helpful to you.
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Gold – How Important Could the Fibonacci Support Levels Be?Even by recent standards, the price action seen in Gold this week so far has been extreme. For those that may not have seen it all, here we go. Gold opened at 3331 on Monday, traded to a new all time high of 3500 on Tuesday, then dropped all the way back down to 3260 on Wednesday before recovering again to current levels around 3330. A round trip of circa 14%.
The drivers appear to be comments from President Trump and US Treasury Secretary Bessant. With President Trump seeming to challenging the independence of the Federal Reserve at the start of the week (Gold higher) and then pulling back from his most outspoken criticism on Wednesday (Gold lower). Alongside President Trump and Secretary Bessant both commenting on the potential for a de-escalation of the trade war with China on Wednesday (Gold lower), but then suggesting it may take some time to agree (Gold higher).
All of this at the same time that a potential US brokered peace detail between Ukraine and Russia may be moving a step closer to becoming a reality and you can possibly see why Gold prices have moved so much.
Right now, as traders take a pause for breath, its may be a good time to consider the charts and identify some potential support and resistance levels that may come into play into the Friday close.
Technical Update: 3292 Fibonacci 38.2% Support in Focus
Let’s be honest here, when a market is accelerating higher into new all-time high ground, as an almost ‘panic’ rush to get long of an asset is seen, it is very difficult to establish upside resistance levels that may or may not be able to hold the advance, let alone reverse it.
As technical analysts, we can only really focus on 2 things in such a condition, psychological round numbers and Fibonacci extension levels.
Therefore, it’s interesting where the recent acceleration higher in Gold stalled this week, at 3500.
Obviously, this is a round number that may have drawn traders’ interest from a psychological perspective, but this also represented a test of 3468, which is equal to the 261.8% Fibonacci extension of the October 31st to November 14th 2024 sell-off.
With weakness developing from 3500, this extension level held on a closing basis, from which further declines have materialised.
So, we might suggest after the recent weakness in Gold prices, that an upside resistance area has now been established between 3468/3500.
If that is the case, what might the support levels be for us to monitor to gauge if current weakness has further to carry of not?
Potential Support Levels:
The latest phase of price strength in Gold was seen between April 7th to April 22nd 2025, and calculating Fibonacci retracement on this price strength, may highlight some interesting support levels.
The latest downside move has tested, and is so far being held by support at 3292, which is the 38.2% Fibonacci retracement of the latest strength. Traders may now be watching how this level performs on a closing basis, as confirmed breaks lower might see a more extended phase of price weakness emerge.
Much will of course depend on future market sentiment and price trends, but closing breaks below 3292 could suggest further declines to 3228, the 50% level, possibly even 3165, which is the deeper 62% retracement.
Potential Resistance Levels:
As we have already said, the latest price activity may well be suggesting the 3468/3500 range is an area that may prove to be a resistance focus. However, if the 3292 retracement support continues to hold, focus could then be on 3380, as a possible lower resistance level.
This is equal to half of the latest declines, with closing upside breaks of this resistance possibly suggesting positive themes are re-emerging, which could lead to further pressure being placed on the important 3468/3500 resistance range.
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XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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!
Gold in Focus: Tight Range Before Major US Data 🌐 Gold in Focus: Tight Range Before Major US Data – Time to Prepare for the Storm?
Gold (XAU/USD) is currently trapped within a narrow consolidation zone, with traders across global markets awaiting critical economic events in the second half of this week. The bounce from the 3290–3270 support zones confirms strong buying interest, yet bulls seem cautious ahead of the ADP employment report today and the all-important Nonfarm Payrolls (NFP) on Friday.
Despite dovish signs from recent labor data and declining US bond yields, gold has not been able to regain strong upward momentum. This hesitance is attributed to mixed market sentiment fueled by ongoing US-China trade negotiations, potential interest rate outlook shifts from the Fed, and end-of-month positioning across major asset classes.
💼 What’s happening behind the scenes?
US 10Y yields dropped, signaling weaker inflation outlooks — usually bullish for gold.
DXY remains fragile but still attracts safe-haven inflows amid global political tensions.
Investors are cautious ahead of back-to-back economic events and might delay large trades until Friday.
With a bank holiday looming in Asia and Europe tomorrow, liquidity could tighten and amplify volatility. Gold might continue trading in a compressed range between 3274–3357 until NFP injects a fresh directional impulse.
🔍 Technical Roadmap:
🔺 Resistance Levels to Monitor:
3328
3336
3352
3357
3366
🔻 Support Levels to Watch:
3305
3292
3274
📌 Trade Strategy (30m–1H timeframe bias)
🔵 BUY ZONE A
📍 Entry: 3292 – 3290
🎯 SL: 3287
🎯 TP: 3295 → 3300 → 3304 → 3308 → 3315 → 3320
🔵 BUY ZONE B
📍 Entry: 3275 – 3273
🎯 SL: 3268
🎯 TP: 3280 → 3284 → 3286 → 3290 → 3300
🔴 SELL ZONE A
📍 Entry: 3350 – 3352
🎯 SL: 3356
🎯 TP: 3345 → 3340 → 3336 → 3332 → 3320
🔴 SELL ZONE B
📍 Entry: 3365 – 3367
🎯 SL: 3371
🎯 TP: 3361 → 3357 → 3352 → 3347 → 3340
📣 Final Thoughts:
We are in the "calm before the storm" phase. Price is coiling in tight ranges with declining volume and momentum. Today's ADP report could trigger intraday volatility, but major players may still remain on the sidelines until Friday's NFP.
As it’s also the last day of the month, be alert for liquidity grabs and potential stop hunts. Stick to your risk management plan and avoid revenge trades in volatile setups.
🛡️ Stay patient. Trade smart. Let the market reveal the direction.
Gold Intraday Trading Plan 4/30/2025Yesterday I expected gold to resume bullish trend. However, it faced a strong resistance at 3350 and dropped all the way to 3300. Currently it is stuck in between these two levels.
As today is month end, there will be big fluctuations. I will not rush into any trade. I will trade break out today.
If 3350 is broken, I will buy towards 3400.
If the trend line is broken, I will sell toward 3270, or even 3230.
Potential HSNot confirmed yet but I'm jumping in anyways. I bought some puts of GLD for May 23 strike 304. My SL triggers if the price breaks up the resistance shown and closes above in the daily timeframe. Might be some turbulence, bulls will try to push the price higher. too much noise in the political arena, but Gold is overbought and needs a healthy correction.
Risk aversion eases, gold continues to fluctuateSpot gold prices (XAU/USD) fluctuated and fell, approaching the $3,300 mark, continuing the weak trend of the previous trading day.
From the daily chart, gold prices have fallen from their historical highs and are currently approaching the 38.2% Fibonacci retracement level (US$3,300-3,290). The key support level below is concentrated in the $3,265-3,260 range, which is also the previous consolidation range. If it falls below, it will open up the space for a 50% retracement level (US$3,225) or even $3,200.
In terms of technical indicators, the MACD indicator shows signs of a dead cross, and the green kinetic energy column expands moderately, indicating that short-term bears still have the initiative; the RSI indicator is still oscillating near the 50 axis, and has not yet shown extreme oversold, indicating that the downside space may be limited. Once the price rebounds, the initial resistance above is seen at $3,348-3,353.
After the breakthrough, it is expected to re-challenge the $3,400 mark, and even attack $3,425-3,427.
If the US PCE inflation and non-farm data weaken this week, it will further support the re-entry of gold bulls.
Gold short-term bullish trend remains unchanged
I don't want to say more nonsense, just give the signal directly, after all, everyone only looks at the results, don't you think so, dear trader?
Gold
Buy around 3298, stop loss 3278, target 3310-3318
Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
gold upcoming may behave in same waybefore the bull run in gold , we witnessed a consolidation of more than 3 years, than typical followed the wall street pycology chart price action,,, now evrybody talking about gold gold, even a common man who doesnt have knowlegde of any technicals, suggesting that Gold will go till 4500 dollars,,
SO HERE WE TRYIED TO DECODE THE PYCOLOGY PRICE BEHAVIOR OF GOLD