Will the price of gold continue to rise?The pressure position on the 44-hour chart is around 3270-3280, which becomes an important dividing point for intraday short-term trading. In the intraday trading, we focus on the 3200-line long-short watershed. Before gold falls further and breaks through, gold will maintain a bullish trend. In the intraday trading, we focus on the recent starting point of 3222 support. If gold wants to move steadily upward, it will not fall below 3222 in the day. In the short term, we refer to the points above 3222 to arrange long positions! Gold operation strategy: Gold falls back to 3230-3232, stop loss at 3220, target 3260-3270; it is recommended to go short when it touches 3270-3268, stop loss at 3280, target 3240-3230;
XAUUSDK trade ideas
Gold Trade Plan 02/05/2025-05/05/2025Dear Traders,
The descending channel is working precisely. After hitting the middle of the channel, the price started to drop. I expect another low below 3200, followed by a rise toward around $3400.
if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
XAUUSD Sharp Decline : - Gold experienced a significant drop , reaching a low point around 1st May , looks like it's working on a recovery phase after bottoming out , there is significant bullish momentum play on today's chart.
However the current price is approaching a KEY RESISTANCE @ $3265-68.
KEY ZONES
Go for BUY ORDERS if PRICE breaks $3268.60 and shows strong BULLISH MOMENTUM.
MACD Analysis - is showing strong a BULLISH CROSSOVER with increasing HISTOGRAM BARS, which suggests strong Upward Movement.
HEAD AND SHOULDERS pattern seen indicating POSSIBLE REVERSAL .
A bullish triangle is as well idnetified from the chart indicating UPWARD MOMENTUM.
OVERALL we are BULLISH TODAY, but keep in mind that we still have the CONSOLIDATION PHASE in play.
Has Gold's Rally Ended?In 2025, gold experienced an unprecedented surge, marking its best quarterly performance in history with gains exceeding 17% in Q1. The second quarter of 2025 began with further gains, reaching a new all-time high at $3,500.110 per ounce.
Several economic and political factors contributed to the rise in global demand for gold as a safe haven asset amid fears of a potential economic recession, inflation, and a looming trade war.
The recent pullback in gold prices has been somewhat driven by optimistic expectations regarding U.S.-China negotiations and the U.S. president's decision to reduce some tariffs, including those on automobiles.
Technical Outlook for Gold:
The latest declines in gold prices have brought some bearish signals, suggesting a shift from an uptrend to a downtrend. After rising approximately 14%, gold pulled back and broke below its most recent higher low, closing a daily candle below the $3,260.65 level, an indication of a potential trend reversal from bullish to bearish.
However, the Relative Strength Index (RSI) has not yet broken below the 50 mark, despite the recent price drop, which maintains the possibility for a rebound and suggests that the market hasn't entered full bearish momentum.
The $3,436.042 level serves as a key resistance area where selling pressure may emerge, potentially pushing prices down to target $3,265.100 as the first support level.
On the other hand, if the price breaks above $3,500.110 and posts a daily close above it, the bearish scenario would be invalidated.
From a fundamental perspective, gold’s continued decline is closely tied to developments in U.S.-China trade talks. Any positive signs of reaching an agreement or further tariff reductions could weigh negatively on gold prices.
NF fluctuates in a downward trend⭐️GOLDEN INFORMATION:
China’s Ministry of Commerce announced Friday that the United States has recently initiated communication through official channels, expressing interest in reopening talks on tariffs. Beijing is currently evaluating the proposal, fueling optimism that a resolution to the prolonged tariff standoff between the world’s two largest economies may be on the horizon.
This renewed hope for a breakthrough in trade negotiations helped lift the US Dollar to a three-week high on Thursday, pressuring Gold prices down toward the $3,200 mark. However, bullish momentum for the USD remains tempered as markets increasingly price in the likelihood of more aggressive rate cuts by the Federal Reserve, especially with the closely watched US Nonfarm Payrolls data looming.
⭐️Personal comments NOVA:
NF news volatility is certain, with the big accumulation from last week. Gold price has confirmed the trend after breaking 3267, will fluctuate in a downtrend below 3200
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3312- 3310 SL 3317
TP1: $3290
TP2: $3280
TP3: $3270
🔥BUY GOLD zone: $3175 - $3177 SL $3170
TP1: $3185
TP2: $3200
TP3: $3210
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL 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
GOLD Will Grow! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,257.82.
Considering the today's price action, probabilities will be high to see a movement to 3,352.14.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
(XAU/USD – Gold Spot, 1H Chart) Long🔍 Technical Analysis (XAU/USD – Gold Spot, 1H Chart)
🔹 Chart Structure & Trendlines
Descending Trendline Breakout: Price has decisively broken above the long-standing descending trendline, indicating a potential bullish trend reversal.
Horizontal Support/Resistance:
Key support zone: Around 3260–3270, shown with horizontal cyan lines and multiple bounce points (green arrows).
Key resistance zones:
Minor resistance at 3334.48.
Strong resistance at 3358.62 (previous structural high).
🔹 Price Action Insights
Double Rejection & Breakout: After testing the descending trendline twice (red arrows), price finally broke above it with strong bullish momentum.
Retest Expected: Price may retest the 3260–3270 support zone (previous resistance and trendline convergence), which aligns with standard breakout-retest-continuation behavior.
Projected Targets:
Target 1: 3334 (recent high/resistance).
Target 2: 3358 (next major resistance).
🔹 Bullish Structure Confirmation
Higher lows and higher highs are forming.
Bullish engulfing breakout candle above resistance zone.
🌐 Fundamental Analysis – Key Drivers for Gold (XAU/USD)
🔸 Global Economic Context
U.S. Dollar Weakness: If recent U.S. economic data (jobs, inflation) shows signs of cooling, it weakens the dollar, boosting gold prices.
Fed Policy Outlook: Markets are closely watching the Federal Reserve’s stance on rate cuts. Dovish signals (rate cuts or pause) tend to support gold due to its inverse relationship with real yields.
🔸 Geopolitical & Safe-Haven Demand
Any rise in geopolitical tensions (e.g., Middle East, Eastern Europe) increases demand for gold as a safe-haven asset.
Recent market uncertainty may explain the breakout move shown on the chart.
🔸 Inflation & Commodities Correlation
Persisting inflation keeps gold attractive as an inflation hedge.
Rising oil prices also tend to support gold prices due to commodity correlation and inflationary spillovers.
📈 Conclusion & Outlook
Technical Bias: Bullish (breakout confirmed with clean structure).
Fundamental Bias: Mildly bullish to bullish, depending on Fed tone and macroeconomic prints.
Short-term Strategy: Look for a retest around 3260–3270 as a potential long entry zone targeting 3334 and 3358.
Risk Management: Use stops below 3250 to protect against false breakouts.
#XAUUSD: Major Update 01/05/2025, Read Description! Gold has dropped over 700 pips since yesterday evening, suggesting further price correction. This is primarily due to strong US dollar data indicating potential correction in DXY Index prices. Additionally, there are speculations that the US has reached out to China for trade talks, although this has not been confirmed. Today and tomorrow are major trading days, with significant news expected to shape gold prices.
For now, you can monitor the prices or take entry if they reach your chosen risk management area. The decision to enter or exit is entirely up to your analysis.
Good luck and trade safely!
Thank you for your unwavering support! 😊
If you’d like to contribute, here are a few ways you can help us:
- Like our ideas
- Comment on our ideas
- Share our ideas
Team Setupsfx_
❤️🚀
GOLD DAILY UPDATE MAY 1ST 2025Chart Is very clear in numbers ,
Expected to continue correcting to the level of 3160 3170, from there must jump to a very high levels, but except real breaking 3160 with confirmation candles on 4 hours timeframe, will take us to more correction down to 3040 max. not really expected but nothing impossible in market.
good luck for all traders.
XAUUSD - ANALYSIS👀 Observation:
Hello, everyone! I hope you're doing well. I’d like to share my analysis of XAU-USD (Gold) with you.
Looking at the chart, I see a potential small price pullback towards around 3260. After reaching that level, I expect a further price decrease to 3167.
📉 Expectation:
Bearish Scenario: After the pullback to 3260, a further decrease to 3167 is expected.
💡 Key Levels to Watch:
Resistance: 3260
Support: 3167
💬 What are your thoughts on XAU-USD this week? Let me know in the comments!
Trade safe
Technical Analysis (15 min – XAUUSD)
1. **IRL FVG (Fair Value Gap) Zone**:
* Price has tapped into a major FVG labeled “IRL FVG.”
* Strong bullish reaction from that area suggests potential accumulation or mitigation.
2. **Market Structure**:
* There was a sharp bearish move right after taking liquidity above the "Initial Expansion Targets."
* After the drop, price begins to show potential bullish structure (possible market structure shift with bullish engulfing candle).
3. **Key POI (Point of Interest)**:
* A possible buy entry is marked with a ❤️ right after the bearish impulse, likely indicating a confluence of FVG + breaker/block + liquidity grab.
* There is also a visible **candle body gap** being partially filled.
4. **Likely Scenario**:
* If price holds above the grey FVG zone, we could see bullish continuation toward higher inefficiencies or unfilled targets.
* Buyers seem to have stepped in after a liquidity sweep, indicating short-term bullish momentum.
---
### 🧠 **Conclusion (Bias)**
* **Short-term bias**: 🔼 **Moderately bullish**, as long as price holds above the IRL FVG and local FVG.
* **Potential targets**: Retest of the -1 level or higher (-2), depending on bullish follow-through.
* **Invalidation**: A clean break below the 1.597 level (marked at the bottom) would likely invalidate the bullish idea.
XAU/USD 4hAs usual, the market is ttracted toward either the support level or the target. It gravitates to one or the other. Once the first “orbit” is left, the price is attracted to the other. Here, we can see that the price remains under the influence of the support level, and the rejection of the bullish-target deviation (pale purple line) is clearly visible.
Since the downtrend is accompanied by strong volume (the blue dot candle), the bearish scenario prevails. The optimal point to enter a short position is at the bullish deviation (gray line), with a bearish target currently around 3,164.
GOLD WILL GO DOWN|SHORT|
✅GOLD is going down now
After a breakout a retest
A and a pullback from the
Key horizontal level
Of 3280$ so we are bearish
Biased and we will be expecting
A further bearish move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold - Just Half Way To The Target!Gold ( TVC:GOLD ) still has a lot more upside potential:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months, we saw an almost incredible breakout rally of about +75% on Gold. However, looking at technicals, there is a quite high chance that Gold will actually rally even more and retest the next upper resistance trendline, which would mean another pump of about +75%.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
GOLD NEXT MOVE NEXT WEEK GOLD BIG DOWN GOLD SELL NOW 3230- LIMIT 3240=3250 FIRST TARGET 3200 NEXT TARGET 3180 LONG TARGET 3150 Counter-Analysis to the Bearish Bias
1. Volume Analysis Suggests Demand at Lows
The highlighted "Strong Support" zone around 3,156 shows high buying volume—evidenced by the tall green bars on the volume histogram.
This may indicate accumulation, not preparation for breakdown, contrary to the red arrows implying a strong downward continuation.
2. Oversold Market Conditions
Given the repeated tests of lower support zones without major follow-through, there's a risk of bearish exhaustion.
A reversal pattern (e.g., double bottom or inverse head and shoulders) could form near 3,215 or 3,187.
3. Failed Breakdown Possibility
Price rebounded sharply from the support zone below 3,220, which could be interpreted as a bear trap.
If price closes above the 3,248 resistance level, the market may target the 3,294 and even higher levels, invalidating the bearish roadmap.
4. Ignored Higher Timeframe Context
This chart is on a 1H timeframe, but without a higher timeframe reference (e.g., 4H or Daily), the bias may be misleading.
If the daily chart is bullish or consolidating, this 1H downtrend could just be a retracement.
5. No Confirmation of Breakdown Yet
None of the major support levels (e.g., 3,215 or 3,187) have been broken with high volume and strong candles.
Until a confirmed lower low below 3,156 is printed, this remains a range or consolidation, not a breakdown.
Alternative Bullish Scenario
If price holds above 3,215 and breaks 3,248 with volume, the next target could be:
3,293 (Resistance)
Possibly 3,320 and above (double top region
Gold intraday trading strategyGold operation strategy:
1. Go short at 3270-75 when gold rebounds, and cover short at 3388-93 when it rebounds, stop loss at 3397, target at 3230-3235, and continue to hold if it breaks;
2. Go long at 3220-3225 when gold falls back, stop loss at 3214, target at 3265-70, and continue to hold if it breaks;