Gold Intraday Trading Plan 5/6/2025As mentioned yesterday, a break above 3270 will signal the end of correction. Indeed after breaking the resistance, gold has gone up all the way to 3330. Right now there is a strong resistance at 3350. I will trade its breaking of structure or retest from 3270.
This is my strategy for today:
1. if 3350 is broken, upon retest, buy towards 3400 or even 3450.
2. Buy from 3270, 1st target 3350, 2nd target 3400
XAUUSDK trade ideas
XAUUSD1. The Fed's interest rate decision dominates this week's market
(May 7) The Fed will announce the May FOMC interest rate decision and press conference. The market generally expects the interest rate to remain unchanged, but Powell's speech will be the key. The April non-farm payroll data was stronger than expected (an increase of 177,000 people), coupled with the Fed's concerns about inflation, Powell may continue his hawkish stance and emphasize "anti-inflation priority". If he releases a signal of "delayed interest rate cuts", it may suppress gold bullish sentiment; on the contrary, if it implies concerns about economic slowdown, gold may be supported. In addition, several Fed officials will go to Iceland to participate in an economic meeting on Friday, and we need to pay attention to their statements on monetary policy.
2. International trade situation disturbs market sentiment
Sino-US trade frictions continue to escalate, with the US imposing tariffs on China as high as 245% and hitting China's re-export trade. However, the US has recently released a signal of easing, with companies such as Walmart resuming orders from China and bearing tariff costs, showing that US companies have limited tolerance for high tariffs. China requires the US to cancel unilateral tariffs as a prerequisite for negotiations, and the prospects for negotiations remain unclear. In addition, the situation between India and Pakistan is tense again, and the rising geopolitical risks may boost demand for gold as a safe haven.
3. Market sentiment and capital flows
Domestic gold ETF holdings surged by 23.47 tons in the first quarter, indicating that institutional investors are optimistic about gold in the long term. However, Nomura Securities warned that gold may face a technical correction due to abnormal capital flows (GLD funds in and out) and overheated technical indicators (gold prices deviated from the 200-day moving average by 25%). In addition, COMEX gold speculative net long positions hit a 14-month low, and market sentiment was cautious.
XAUUSD- 1H UpdateChart Description – XAUUSD 1H (Gold Spot vs. USD)
This is a multi-scenario Smart Money Concept (SMC)-based projection chart for Gold (XAUUSD), focusing on potential bullish retracements and major bearish continuations, incorporating Buy Zones, Sell Zones, and Change of Character (CHOCH) areas.
🔍 Key Components:
🟣 Sell Zones
Two sell zones are identified, with the highest near the All-Time High (ATH) around the $3,500 mark.
These are areas of expected bearish reaction if price retraces upward after a low.
🟢 Buy Zones
Located between $3,200 – $3,160 and another deeper one near $2,960, where potential bullish reactions may occur.
🔵 CHOCH - 4H
Marked in red around $3,260 area, indicating a 4-hour Change of Character, suggesting a potential shift from bullish to bearish sentiment.
🔸 Key Price Levels
$3,120: Historical support/resistance.
$2,956.20: Major swing low and key demand zone.
📊 Projected Market Path (Colored Waves)
🔹 Blue Path (Bullish Retracement Scenario)
Price is expected to retrace into a sell zone around $3,400–$3,460 after testing the current demand.
From there, a major sell-off is anticipated.
🔷 Cyan Path (Bearish Continuation)
Following the retracement, the market is projected to break below the recent low and head toward lower buy zones, potentially near the $3,120 and $2,960 regions.
Shows lower-high and lower-low formation, consistent with a bearish trend.
🧠 Market Sentiment
This chart suggests a bearish outlook for Gold unless a structural shift invalidates the CHOCH zone and supply levels. The chart highlights the importance of:
Waiting for confirmation in the supply zones before shorting.
Considering buy opportunities only in valid buy zones with bullish reaction confirmation.
Up again for goldHi traders,
Last week gold immediately went up and made a correction down.
On Friday price rejected from the 4H BPR so next week we could see more upside.
Let's see what price does and react.
Trade idea: Wait for a small correction down on a lower trimeframe to trade longs again.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
### Technical Analysis of Gold 4 Hour(XAU/USD) ### Technical Analysis of Gold 4 Hour(XAU/USD)
#### Overview
The chart displays the 4-hour price action for Gold (XAU/USD) with various technical indicators, including Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), along with support and resistance levels. The displayed time frame suggests that this analysis focuses on short to medium-term trading strategies.
#### Current Price Action
- **Current Price**: The price of Gold is currently at approximately **3,325.13**. The price has recently bounced off a significant support level and is in a critical zone, indicating potential price action volatility.
#### Trend Analysis
- **Long-Term Trend**: The blue diagonal line illustrates an upward trend that started in early April. Gold’s price has consistently been above this trendline, indicating bullish sentiment in the market.
- **Short-Term Trend**: In the last week, the price peaked around **3432** but has since retraced towards the trendline. The price action suggests a consolidation phase currently on the chart.
#### Indicators
- **Moving Averages**:
- **SMA(50)**: It is bullish at **3,312.79**as the price remains above this moving average.
- **SMA(20)**: The shorter SMA at **3,363.54** indicates potential short-term resistance.
- **EMA (20)**: The EMA is slightly below the price at **3,295.59**, offering support if the price approaches this level.
The proximity of the price to the moving averages indicates an area of dynamic support and resistance, where traders may look for guidance on entry and exit points.
#### Support and Resistance Levels
- **Resistance Levels**:
- Clear resistance is observed at **3355/3370**
- The upward red trendline 3400/3416/3480 could also serve as dynamic resistance in the future.
- **Support Levels**:
- Strong support is found at **3,288.92**, coinciding with the recent consolidation's lower edges. The blue trendline provides additional support near **3,290**.
- Key support levels below are **3,264** and more significantly around **3,220 and 3,144**.
#### Price Patterns
- The chart displays a potential pennant formation, which generally precedes continuing the existing trend. Traders should be alert for breakout signals, either above resistance or below support, suggesting potential price movement toward the breakout.
#### Trade Considerations
- **Bullish Scenario**: A bullish breakout above the resistance level of **3365** with increasing volume could cement a further move towards the highs around **3410** or **3480**.
- **Bearish Scenario**: Conversely, a decisive break below the **blue trendline** or **support at 3,280** may trigger further downside with targets around **3,230/3200/3140** or lower.
#### Conclusion
The current price suggests that Gold is testing critical support levels while remaining in a longer-term uptrend. Traders should look for confirmation of direction through breakout patterns, volume, and market context. Monitoring economic data affecting Gold prices and general market sentiment will also be essential for making informed trading decisions.
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼 OANDA:XAUUSD
XAUUSD 15 MINUTEThis chart shows a short (sell) trading setup for gold (XAU/USD), marked with a "SELL ZONE" at approximately 3,330 and a take-profit target labeled "TADGET SUCCESSFUL" around 3,281. The red area indicates the stop-loss zone above the sell entry, while the green area shows the profit zone.
Also, a small note: there's a typo—"TADGET" should be corrected to "TARGET".
Would you like help analyzing the trade or improving the chart presentation?
XAUUSD: 8/5 Today’s Market Analysis and StrategyGold technical analysis
4-hour chart resistance level 3410, support level 3310
1-hour chart resistance level 3380, support level 3310
30-minute chart resistance level 3350, support level 3320.
Trump said that he would hold a "large press conference" at 10 a.m. Eastern Time tomorrow, and may sign a trade agreement with the UK. Therefore, the news affected the gold price.
Russia implemented a ceasefire from 0:00 on May 8 to 0:00 on May 11 local time. The temporary ceasefire between Russia and Ukraine and the repeated situation in the Middle East may support the gold price in stages due to the risk aversion demand.
Recently, affected by the news, the daily operation range of gold is very large. Today, we will first look at the 3320-3360 range of fluctuations in the short term. If it breaks through, follow the trend and strictly stop loss!
Buy: 3323 SL: 3318
Sell: 3355 SL: 3360
More free analysis daily sharing
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 - Entered Massive Supply Zone! Will It Dump or Break OutGold (XAUUSD) is currently trading at $3,429, testing a major supply zone on the 15-minute chart. Price has rallied over +2.84% today and is now facing a key resistance area that previously triggered sharp sell-offs.
Key Technical Zones:
Supply Zone (Resistance): $3,420 - $3,440
Price is now reacting to this heavy-volume resistance area. Watch for rejection or breakout confirmation.
Mid-Level Support: $3,344
Strong structure level where previous consolidations and rejections occurred.
Demand Zone (Support): $3,223 - $3,227
Price bounced from here with a strong bullish impulse. This is our major demand base.
What to Watch:
Bearish Scenario: Rejection from supply zone could send price back toward $3,344, then $3,227.
Bullish Breakout: Clean break and retest above $3,440 opens the door to new highs.
Confirmation Tools:
LuxAlgo's Supply & Demand Visible Range shows clear institutional activity in these zones.
Look for candlestick confirmation, volume spikes, or divergence signals for entries.
My Plan:
Watching closely for short setups near $3,440 unless we get a confirmed breakout. If rejected, I’ll target the $3,344 and $3,227 zones.
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What do you think? Will gold break out or get rejected hard again?
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Gold Breaks Wedge, 3270–3280 Now Key Pivot for RecoveryGold's recent retreat has slowed, forming a descending wedge pattern that has now been broken. This is a constructive setup for a potential upward reaction after falling $300 from the $3,500 high. The 3,270–3,280 zone is now the short-term pivot point. If this level breaks as well, the upward move may finally begin.
Potential targets include the 38.2% retracement level at 3,316 and the main resistance zone at 3,355–3,370.
XAUUSDWe have two scenarios in the analysis: either a rise in the form of a trend, a staircase, or a deep correction and taking the buy zone. We wait for the deep correction of the market and taking the buy zone. However, if it rises in the form of a staircase, we will renew the entry, but in the event of any entry, geopolitical situations end the analysis and we analyze another analysis or another renewal.
Gold (XAU/USD) Bearish Rejection at Resistance – Targeting 3275This chart shows a bearish setup XAU/USD. Price has recently retested a resistance zone around 3330–3340 after a break of structure (BOS) and multiple change of character (ChoCH) signals. The bearish rejection from this zone suggests a potential downside move. The first target is marked around 3275, indicating a short-term bearish expectation. The cloud (Ichimoku) also aligns with bearish momentum as price is currently trading near or below the cloud.
The 1st target at 3275 represents a key support level where price previously consolidated and reversed. It’s likely chosen as a take-profit zone because:
It aligns with previous structure support.
It’s the nearest significant low after the recent break of structure.
It's a conservative target, offering a favourable risk-reward ratio from the current resistance rejection.
Traders may expect price to reach this level before assessing further continuation or reversal.
XAUUSDThe Commitment of Traders (COT) data reveals a shift toward increased selling activity, indicating a bearish sentiment in the market. This suggests that traders are positioning themselves for potential declines, possibly anticipating a drop in asset prices. Such trends often signal caution, with market participants adjusting their strategies based on changing conditions.
XAUUSDHello traders!
There's a buy opportunity on the XAUUSD pair, and I wanted to share this trade with you. The trade is currently active on my end, and I’ve set the Risk-to-Reward Ratio to 1:1.50.
🔍 Criteria:
✔️ Timeframe: 15M
✔️ Risk-to-Reward Ratio: 1:1.50
✔️ Trade Direction: Buy
✔️ Entry Price: 3320.74
✔️ Take Profit: 3335.20
✔️ Stop Loss: 3311.13
🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes.
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