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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

Today's gold price target: 3400-3450Today's gold price target: 3400-3450 As shown in the figure: 15-minute cycle 1: The yellow circle at the bottom represents a new round of rise, which means the beginning of the market 2: The blue circle at the top represents the end of the rising market. 3: The white triangle area represents the callback shock and weak trend after the rise 4: The purple rectangular area represents the current shock range, that is, the current long-short game range 5: 1234, four possible trends after the opening of the US market Among them, trend 1-2 is the most likely Operation strategy: The following data clearly reflects Support level: 3370--3365---3345---3335 Pressure level: 3385---3400+ Aggressive strategy: The white triangle range is superimposed on the purple oscillation range, (3365-3375) looking for a long position Stop loss 3350 Target 3400+ Strategy disadvantage: Path 2 is easy to be liquidated (reasonably control the position ratio) Conservative strategy: wait for the US market to start, and go long in batches around 3360-3350 Stop loss 3340 Target 3400+ Today's gold price trend is stable, structural resonance, and the expected increase is 3400-3450 Therefore, it is recommended to try a low-price long strategy
OANDA:XAUUSD
by Louisa21210
XAU/USD Consolidating Near $3,350 – Watch for Break Above $3,365Gold is currently trading around $3,350, showing signs of consolidation after recent gains. Technical indicators suggest a cautious approach, with key resistance at $3,365 and support at $3,345. Market sentiment remains bullish due to ongoing geopolitical tensions and economic uncertainties. Traders should monitor these levels closely and manage risk appropriately. 📊 Key Levels Resistance: $3,365, $3,400, $3,450 Support: $3,345, $3,300, $3,285 📈 Trading Strategy 🔸 Bullish Scenario: Breakout Above $3,365 : Could target $3,400 and potentially $3,450 Support Holding Above $3,345 : May lead to a retest of $3,400 🔸 Bearish Scenario: Failure to Hold Above $3,345 : May lead to a retest of $3,300 or lower Break Below $3,300 : Could extend the correction towards $3,285 Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XAUUSDLong
by SibiSh
6/5 Gold Analysis and Trading SignalsGood morning, everyone! Gold surged above 3380 yesterday but faced strong resistance, pulling back before testing the critical 3400 level. Despite multiple attempts, price failed to break through, highlighting a clear lack of bullish momentum near historical highs. From a technical perspective, a potential M-top (double top) pattern is forming on the 30-minute chart. If confirmed, we can expect a deeper retracement, with an initial target around 3330, and possibly 3300 in case of further downside. Under this structure, today’s primary trading bias should favor short positions. That said, if gold breaks above 3400 with strength, the 3416–3438 target zone becomes viable. However, any such breakout is likely to be followed by a pullback. In that scenario, we’ll closely monitor the 3392–3368 support range before executing follow-up trades. 📉 Technical Notes: Price remains near a historical resistance zone, and buyers are showing hesitancy at these levels; While yesterday’s Beige Book report provided short-term bullish sentiment, we need to observe whether the Asian and European sessions digest and extend that move. 🗞 Fundamental Outlook: The key event today is the U.S. Initial Jobless Claims report, which may trigger volatility; Gold remains supported by risk-aversion flows, but traders should be mindful of potential corrections at elevated levels. 💡 Risk Management Tip: In such conditions, it is highly recommended to scale into positions with reduced lot size, and use tight risk controls to guard against unexpected reversals. 📌 Trading Recommendations for Today: Sell near 3423–3436, targeting short-term pullbacks Buy near 3312–3298, if deeper correction materializes Pivot levels for tactical trades: 3416 / 3403 / 3392 / 3386 / 3367 / 3352 / 3343 / 3328 Strategy Summary: Favor short setups on rallies unless 3400 is decisively broken. If support at 3362-3358 fails, expect the bearish trend to gain further momentum.
FOREXCOM:XAUUSDShort
by China_MsWang
Why You Should Trade Zones, Not Points – Especially on XAUUSDIf you've been trading Gold (XAUUSD) for a while, you’ve likely noticed something strange in many analyses online. Support at 3256.73? Resistance at 3352.14? Really? That precise? This kind of fixed-point trading might look good on a chart, but it doesn't work in a real, volatile market — especially not in 2025. I've been trading Gold as my primary asset for over a decade, and if there's one thing experience — and logic — have consistently shown me, it's this: you should trade price zones, not fixed points. Let me explain you why. ________________________________________ 🔍 1. Gold Is Not a Low-Volatility Asset Gold isn't EURUSD. It doesn't move in clean 20-30-pip increments. It's volatile, reactive, and sensitive to everything from Fed rate rumors to random tweets and global conflicts. Over the past months, volatility has spiked — and not just because of economic data. We’re seeing: • Geopolitical uncertainty that escalates and de-escalates overnight • Macro shifts in interest rate expectations almost weekly • Market sentiment changing faster than ever In this environment, the idea that price will reverse exactly at 3352.14 is pure fantasy. ________________________________________ 📏 2. Percentages Matter More Than Pips Now Back when Gold was around $2000, a 200-pip move meant a 1% change in price. Now, with Gold trading above $3300, the same 1% move is 330 pips. So, if you're still treating 30–50 pips like a serious target on Gold, you're not adjusting to reality. You're chasing crumbs in a storm. I’ve written before about why you shouldn't trade Gold for small 30–50 pip moves. It’s no longer a high-probability game — the math doesn’t work. You’re either over-leveraging or underperforming. ________________________________________ 📈 3. Price Zones Are Where the Smart Money Trades Markets aren’t binary. They don’t care about your exact number. They care about liquidity zones — where enough buyers and sellers are willing to transact in volume. Here’s how professionals approach it: • Support isn’t a number — it’s a range. • Resistance isn’t a line — it’s a battle zone. When you analyze Gold, think in ranges like 3280–3290 or 3320–3330. This is where price breathes, traps traders, and makes real moves. Fixed points create unrealistic expectations and false confidence. ________________________________________ 🧠 4. Emotion Kills Precision in Real Time In live trading, you’re not a machine. You’re a human reacting to candles, tweets, and news. Waiting for an entry at exactly 3352.14 often means: • You miss the move entirely • Or you force a bad entry when price front-runs your level But when you use zones, you give yourself the flexibility to act within context, not dogma. You can read the candle behavior inside that zone, you can spot exhaustion, you can scale in or out — you become tactical, not rigid. ________________________________________ ✅ Final Thoughts: Adapt or Stay Frustrated If you want to trade Gold successfully in this current market, you must adapt: • Use zones instead of pin-point levels • Adjust your expectations to the new pip-to-percentage dynamics • Respect the volatility and macro backdrop The traders who will survive are not the ones with the cleanest lines on their charts. They’re the ones who know how to handle chaos with structure, using zones as flexible tools, not false certainties. 🎯 Start thinking in ranges, not numbers. That’s where the edge is. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDEducation
by Mihai_Iacob
2
BULLS VS BEARS. WILL GOLD MATCH THE ATH?Glossary: Ged = Bearish scenario Green = Bullish scenario POI = Point of interest ATH = All time high LQ = Liquidity zone Gold since the beginning has been moving in a range and break fashion you'll see this across the board, always. A 4hr range is in the process of being formed ideally what wed like to see is for the high to be matched first. That simply would give more confidence for the bears to get in and short the market however now we sit with the though of where will it go first? preferred bias Buys to sell, ideally and the most logical outcome is the highs do get matched forming a strong liquidity zone that can be targeted at a future date, as price begins to fall new points of interest can then be formed (since there isn't a lot to target above right now), this will allow the market to have areas it can market when we see the bullish side of this range play out when ever that may be. Structure Current structure allows you to get in trades, previous structure allows you to get out of trades use it to your advantage, think. where does the money want to move next where will the banks get the best bang for their buck and most importantly where can we cause traders to LOSE, a trade you win is a trade someone else lost. so long you stick with where the big guys want to go you'll be on the right side Bullish bias (green) Key points get broken, imbalance fill, ATH matched (this is where short orders get stacked, future sweep target. Bearish bias (red) Area 1, this is the first key low im looking to break if we see a candle close below continue to area 2, there are traders who WILL get stopped out at zone 1 Area 2, this is our next key point in structure there will still be traders with open positions here also, again if we see a candle close below this zone continue to monitor for Area 3 Area 3, this may be a final target, however there's still POI's sat below if price shows strong signs of bearish momentum target Areas 4 and below can be open for discussion Conclusion personally i would like to see POI's built on the buy side as of right now before we move down simply because the market NEEDS somewhere to move from and to without that it would be erratic. If you found this helpful be sure to boost this idea, give a like and a follow, consistent charts will be posted on a weekly basis and let me know what you think down in the comment section too :)
OANDA:XAUUSDShort
by MisterGBP
analyze the trend of gold in global markets as of June 5, 2025, 1. Fundamental Analysis Fundamental analysis focuses on economic, geopolitical, and policy factors affecting gold prices: Monetary Policy (Federal Reserve): Gold is sensitive to interest rate expectations. Recent statements suggest the Fed might maintain higher rates due to persistent inflation, which could pressure gold prices downward as the opportunity cost of holding non-yielding assets rises. However, if upcoming data like the PCE inflation report (due Friday) signals cooling inflation, expectations for rate cuts could rise, supporting gold. US Dollar Index (DXY): Gold typically has an inverse relationship with the dollar. If the dollar strengthens due to hawkish Fed comments or strong economic data, gold may face downward pressure. Conversely, a weaker dollar (e.g., due to global uncertainty) supports gold. Geopolitical and Trade Tensions: Ongoing global uncertainties, such as trade tensions or conflicts, often drive safe-haven demand for gold. Central bank buying (e.g., China’s consistent purchases) also supports long-term demand. Economic Outlook: Global economic slowdown fears or inflationary pressures can boost gold as a hedge. However, stronger-than-expected economic data might reduce safe-haven demand. Fundamental Outlook: Gold faces short-term headwinds from potential dollar strength and Fed policy, but long-term support persists due to geopolitical risks and central bank demand. 2. Technical Analysis The chart provided is a 4-hour candlestick chart of gold (XAU/USD) with a trendline. Let’s break it down: Current Price and Trend: Gold is trading at $3,378.60, up 0.011% (+$0.37) as of the latest candle. The chart shows a long-term uptrend, as indicated by the ascending trendline drawn from a low around $3,122.96 (May 2025) to the current price. However, recent price action shows a pullback from a high of $3,439.12 (noted on 2025-06-05 at 14:00). Ascending Trendline: The trendline acts as dynamic support, and the price has recently tested it around $3,378.60 (noted on 2025-06-06 at 18:00, with a 1.81% drop in 1 day 8 hours). The price is currently holding just above this trendline, suggesting potential support. If this level holds, it could signal a continuation of the uptrend; if broken, it may indicate a deeper correction. Key Levels: Support Levels: The trendline at $3,378.60 is the immediate support. Below this, the next support is at $3,357.40 (noted on 2025-06-06), followed by $3,342.90 and $3,122.96 (the trendline origin). Resistance Levels: Immediate resistance is at $3,439.12 (recent high). A break above this could target $3,481.32 (noted as a 1.23% increase over 5 days 20 hours on 2025-06-11 at 10:00). Price Patterns and Behavior: The price has pulled back after hitting $3,439.12 and is testing the trendline. This pullback appears to be a healthy correction within an uptrend, as the trendline has held so far. However, a break below the trendline could signal a shift in momentum. Scenarios: Bullish: If the price holds above the trendline ($3,378.60) and forms strong bullish candles, it could rally toward $3,439.12 and potentially $3,481.32. Bearish: A break below the trendline (confirmed by a 4-hour candle close below $3,378.60) could lead to a correction toward $3,357.40 or $3,342.90. Technical Outlook: Gold is at a critical juncture. The trendline at $3,378.60 is key support. Holding this level supports a bullish continuation, while a break could lead to a deeper correction. Traders should watch the next few candles and upcoming news. 3. Sentiment Analysis Market sentiment reflects the views of traders and investors: Bullish Sentiment: Some traders are optimistic due to geopolitical tensions and central bank buying. If the price holds above the trendline, bullish sentiment could strengthen. Bearish Sentiment: Caution exists due to the recent pullback and short-term economic uncertainties. Volatility from upcoming news (e.g., PCE report) could influence sentiment. News Impact: Gold is sensitive to real-time news. Traders should monitor economic data releases and Fed statements. Sentiment Outlook: Sentiment is mixed, with long-term optimism but short-term caution. The price reaction at the trendline and upcoming news will shape market mood. Summary and Forecast Short-Term (1-2 Weeks): Gold is at a pivotal level. Holding the trendline at $3,378.60 could lead to a rally toward $3,439.12 or $3,481.32. A break below this level may result in a correction to $3,357.40 or $3,342.90. The PCE report and dollar movements will be key drivers. Long-Term (Several Months): Geopolitical tensions and central bank demand support a bullish trend for gold. Recommendation: Traders should manage risk (use stop-loss orders) and monitor the price action at $3,378.60, along with economic news.
CMCMARKETS:GOLDShort
by analytics177
Gold Market Analysis and Trading Strategy### Key Technical Levels & Patterns 1. Resistance Zones: - $3,365–$3,392: Critical resistance levels. Breaking $3,365 with high volume could signal a bullish breakout, targeting $3,392 and beyond. - $3,387–$3,357: A broader resistance zone identified by inverse head and shoulders and descending broadening wedge patterns. A break here may confirm an impulsive wave (per Elliott Wave theory). 2. Support Levels: - $3,328–$3,342: Key support areas. A failure to hold these could trigger a short-term correction. - $3,304.749: A strong support zone (green zone) that could act as a bearish target if the price breaks below it. 3. Demand Zones: - $3,356.50: A defined demand zone with confirmed bullish reactions (e.g., wick rejections). Entry suggested just above this level with a stop-loss below $3,344.50. ### Fundamental Drivers 1. Geopolitical Tensions: - Ukraine-Russia conflict: Escalating tensions are fueling safe-haven demand for gold. - Middle East instability: Recent escalations are adding pressure on gold as investors seek refuge. 2. U.S.-China Trade Tensions: - Trump’s threat to double tariffs on steel/aluminum has heightened market uncertainty, pushing investors toward gold. 3. U.S. Dollar Weakness: - A weaker dollar (e.g., USD index near monthly lows) supports gold prices, as gold is priced in USD. 4. Federal Reserve Policy: - Market expectations of a September rate cut and potential December cuts are bullish for gold. Powell’s speech could trigger volatility. ### Trading Strategies 1. Bullish Breakout Setup: - Entry: Above $3,365–$3,372 with tight stop-loss (e.g., $3,360). - Targets: $3,392 (short-term) and $3,400–$3,450 (mid-term). - Risk Management: Strict stop-loss below $3,325 to protect against false breakouts. 2. Scalping Opportunities: - Key Scalp Zones: $3,332–$3,352 (intraday pullbacks). - Strategy: Buy on dips near $3,328–$3,342 if the price stabilizes. ### Key Watchpoints - $3,365: A critical level for confirming bullish momentum. - $3,325: A psychological support level that could act as a short trigger if broken. - Fed Chair Powell’s Speech: Potential for emotional moves or reversals. - Volume Confirmation: High volume on breakout levels (e.g., $3,365) is essential for validity. ### Risk Management & Recommendations 1. Stop-Loss Discipline: - Always place stops below key support levels (e.g., $3,325) to limit losses. - Avoid holding positions without a clear plan. 2. Position Sizing: - Use smaller positions in volatile environments to manage risk. 3. Monitor Volatility: - Gold may experience sharp swings due to geopolitical and macroeconomic factors. Stay alert. 4. Follow Trends: - Short-term: Focus on $3,325–$3,392 range. - Mid-term: Watch for a breakout above $3,400, targeting $3,450–$3,480. ### Conclusion Gold is in a bullish phase, driven by geopolitical risks, weak USD, and Fed policy expectations. Key levels like $3,365 and $3,392 are critical for confirming momentum. Traders should focus on breakout strategies, scalping in pullbacks, and strict risk management. However, always do your own research and consult a financial advisor before making trades. Final Note: The market is volatile, and news events (e.g., Powell’s speech) could cause rapid reversals. Stay informed and flexible! 🚀
OANDA:XAUUSDLong
by teconlab
XAUUSD Analysis – 1H TimeframeGold is currently reacting to key resistance zones, and we are watching for signs of either rejection or breakout. 🔴 1H FVG Resistance Zones: 3408 – 3425 3386 – 3400 If price fails to break through these levels with momentum, we may see a downward move toward lower demand areas. 🔵 1H FVG Support Zones: 3323 – 3336 3276 – 3290 3242 – 3256 3152 – 3166 🟢 4H Order Block Support: 3100 – 3130 🟢 Daily POC (Developing POC): 3185 – 3200 📍 If price shows weakness here, we expect a retracement to the mentioned FVG or OB zones. 📍 At those levels, with the right confirmation (candle pattern or personal trigger), we’ll look for buy opportunities. Your ideas?
OANDA:XAUUSD
by ProfitaminFX
GOLD → False breakdown and support from the falling DXYFX:XAUUSD , as part of a correction, confirms the upward trend line and returns to the consolidation (range), making a false breakdown of support amid the dollar's correction... The US dollar remains stable thanks to the Fed's hawkish minutes and the court's decision to block Trump's tariffs. Investors are waiting for Friday's inflation data (PCE), which could weaken the dollar and give gold a chance to rebound. Additional influence will come from US GDP data, jobless claims, and geopolitical news. On D1, gold is rebounding from strong support and heading towards resistance at the rising trend line. If economic risks remain high, gold could continue its rally despite conflicting bearish patterns... Resistance levels: 3300, 3310, 3325 Support levels: 3290, 3285, 3265 Gold is forming a false breakdown of support at 3265 as part of a correction and confirming the lower boundary of the upward channel. Consolidation above 3280 will confirm that bulls are holding the market amid high economic risks. Gold may test 3300-3310 and form a correction before continuing its growth towards 3325. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
Today's gold operation suggestion is still to buy at a low levelGold will have a big non-agricultural data today. The market may fluctuate during the day, but we continue to pay attention to the short-term support of 3335-40. If it does not break, we can still see the upward fluctuation. We first pay attention to the short-term suppression of 3382-90. If it breaks, we will continue to see the suppression of 3400-3405. In terms of operation, we still focus on the long position after the retracement. Specifically, we will focus on the release of the big non-agricultural data in the evening. At that time, we will also conduct operation guidance and analysis. From the 4-hour analysis, the short-term support below during the day is around 3335-40. If it stabilizes at this position, we will continue to see the strong upward rhythm of the bulls. Focus on the support of 3320-25. Focus on the suppression of 3400-3405. Keep the main tone of low-multiple participation around this range. In the middle position, watch more and move less, and be cautious in chasing orders, and wait patiently for key points to enter the market. 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. Add more positions at the 3338-45 line of gold, stop loss at 3332, target at 3380-3385 ​​line, and look at 3400-05 line if it breaks;
PYTH:XAUUSDLong
by WillChurchill
6/4 Gold Analysis and Trading SignalsGood morning, everyone! Gold experienced a strong intraday reversal yesterday, pulling back sharply after an initial rally. The price rebounded after entering our 3338–3321 buy zone, and is now approaching the 3362 resistance level. Technically, the short-term structure remains within an ascending rebound channel. Key resistance levels to watch today: First resistance near 3378 Psychological level at 3400 Extended resistance zone at 3416–3438 If price stalls near 3362 and pulls back, support is expected around 3345–3336, which could form a secondary bottom. If the rejection happens closer to 3380, then 3358–3352 is the support zone to watch. Should gold rally into the 3400–3416 area, keep a close eye on 3385, 3372, and 3365 as potential pullback supports. 📉 Technical Outlook: 4H chart: Price remains in a mild uptrend channel, with key structural support at 3323–3307. However, volume is not confirming the rally, and a potential double top formation cannot be ruled out. 1H chart: Strong support lies at 3343. The MACD is at a decision point, with bulls slightly favored. If volume increases, gold may retest the 3390 high or even push higher. 🗞 Fundamental Factors: Today, focus on the ADP Employment Report and key Fed-related news during the U.S. session, which may create sharp intraday volatility or alter the trend trajectory. Be especially alert during the New York session. 📌 Today’s Trade Plan: Sell between 3418–3438 Buy between 3318–3306 Key levels for tactical trades: 3413 / 3392 / 3381 /3365 / 3358 / 3343 / 3328 Strategy Outlook: Maintain a “sell high, buy low” intraday approach, focus on volume-driven breakouts, and avoid chasing extreme moves blindly.
FOREXCOM:XAUUSDShort
by China_MsWang
Continue to maintain stability above 3300, next week✍️ NOVA hello everyone, Let's comment on gold price next week from 06/02/2025 - 06/06/2025 🔥 World situation: Gold prices declined on Friday, pressured by a rebound in the US Dollar, even as US Treasury yields dipped in response to a robust inflation report. Despite the yield pullback, expectations remain firm that the Federal Reserve could begin easing policy in 2025. At the time of writing, XAU/USD is down 0.83%, trading around $3,289. Market sentiment turned more risk-averse after US President Donald Trump sharply criticized China, accusing Beijing of breaching the trade agreement reached during talks in Switzerland. In a post, Trump wrote, “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!”—a statement that reignited geopolitical tensions and added to market uncertainty. 🔥 Identify: Gold price is in great competition between buyers and sellers around the price range of 3200 - 3300. Tariff policies are coming back, the trump administration is putting pressure to get favorable tariffs. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $3332, $3365 Support: $3244, $3204 🔥 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDLong
by Nova-Scalper
1
Gold Watch Out for Information Smoke Bombs 💡Message Strategy Trump's tariff stick ignites the market again Last Friday, US President Trump's remarks were like a bombshell. He publicly stated that he planned to significantly increase the tariff on imported steel and aluminum from the current 25% to 50%. This radical move immediately triggered a strong reaction from global trading partners. The European Commission immediately issued a warning, saying that Europe is ready to take retaliatory measures. A weaker dollar boosted gold prices In addition to safe-haven demand, the weakening of the U.S. dollar index also provided additional support for gold's rise. During the Asian trading session on Monday, the U.S. dollar index fell 0.5% to 98.93, also hitting a new low in nearly four trading days. Since gold is denominated in U.S. dollars, a weaker dollar usually makes gold cheaper for holders of other currencies, thereby stimulating demand. 📊Technical aspects The international news seems to be bullish for gold, but from the technical trend, gold is currently trapped in a sideways shock at the daily level. After continuous declines, it failed to continue the decline, but continued to be suppressed by the 3350 area. On the weekly line, gold hovered around the 5-day moving average and fluctuated. At the monthly level, it closed with a cross star. From the technical trend point of view, this cross star at the monthly level can be used for attack or defense. However, from the weekly level, the strength and space of the direct upward rush are extremely limited. Without major positive news stimulation, it is difficult to form a trend of rising in the short term. It is highly likely that it will still form a high-rise and fall with the help of fragmentary positive news. In the short term, focus on whether the suppression of 3350 area can be broken. If it is always under pressure at 3350, it is still expected to fluctuate in the daily range, and the fluctuation range is 3350-3270. Once it breaks through and stands above 3350, gold will have a round of daily level rise in the short term. Once it breaks through the suppression of 3350, you can follow up and go long. On the contrary, before 3350 is broken, you should not rush to chase or be overly bullish. 💰 Strategy Package Short Position：3345-3360，3365-3375
TVC:GOLDShort
by TheodoreSilas
1
Gold XAUUSD Possible Move 6th May 2025I'm watching two key demand zones today for potential buy opportunities: 📍 Zone 1: 3348–3352 (Blue Zone) Reasoning: This area aligns with a previous demand zone that has already shown strong bullish reaction. Price is currently retracing into this area. Signal to Enter: Look for: A liquidity sweep below the zone (e.g., a quick wick down grabbing stop-losses). Followed by a bullish engulfing candle or a break of minor structure to the upside on lower timeframes (e.g., M1–M5). Expectation: If confirmed, this could trigger the next leg up toward the recent highs (approx. 3385+). 📍 Zone 2: 3320–3325 (Red Zone) Reasoning: A deeper zone of interest where price last consolidated before a strong rally. Ideal for deeper pullback entries if the first zone fails. Signal to Enter: Look for a retest and bullish rejection with strong wick rejections or a CHoCH (Change of Character) on LTF. A clean break of minor bearish structure can serve as confirmation. Expectation: If this level holds, a bounce back toward the mid/high 3300s is likely. ✅ Trade Setup Summary: Buy Zone 1: 3348–3352 Signal: Liquidity grab + Bullish engulfing / BOS (low timeframes) Target: 3365–3375-85 Invalidation: Clean break and close below 3345 Buy Zone 2: 3320–3325 Signal: Rejection wicks + CHoCH or FVG entry Target: 3335–3355-3375 Invalidation: Break below 3315
FOREXCOM:XAUUSDLong
by QuinnReed_Charts