XAUUSDK trade ideas
Up for gold!Hi traders,
Last week gold consolidated and dropped. It looks like the b-wave of the correction was a Triangle and now it's in the last Wave c (blue).
For next week we wait for the finish of the correction (Zigzag) into the Weekly FVG and after that we could trade longs again.
Let's see what price does and react.
Trade idea: Wait for the correction to finish and a change in orderflow to bullish 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
GOLD / XAUUSD: Breaking the down channel (correction wave)Therefore, if the 21-day SMA holds in the event of a weak US Non-Farm Payroll (NFP) report, a rebound toward the immediate static support-turned-resistance at 3260 could occur.
A sustained move above that level would encourage Gold buyers to push further toward the former channel support, now acting as resistance, at 3405.
XAUUSD Today's strategySince breaking through the narrow trading range, the price of gold has entered a new round of fluctuations and is currently trading within the range of $3,200 to $3,272. Although the gold price has adjusted by approximately $300, this does not mean that the pullback market has come to an end.
From a technical perspective, within the 4-hour cycle, all moving averages are pressing downwards, forming strong resistance and continuously suppressing the upward movement of the gold price. At the same time, the gold price has repeatedly fallen under pressure after touching the downward trend line, indicating that the bearish force still dominates and the overall downward trend has not been reversed. If the resistance level of $3,272 continues to function effectively, it may be a more ideal trading strategy to place short positions at higher levels in the short term.
XAUUSD
sell@3272-3265
tp:3240-3230
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Will gold prices rise again this week?As the US dollar is approaching the key middle track of the daily line, it is not far away. In the next two days, it is expected to end the rebound correction and continue to start a weak trend decline. Therefore, gold may also have a short-term bottom at any time in the next two days. The next step is to wait for a wave of pullback. At least the bottom low point of the previous convergence triangle of 3260-3270 will be tested and confirmed. After the test, if it cannot stand under pressure, there may be a second bottom test, a secondary low point or a double bottom, and then finally start a unilateral rise all the way; of course, if 3200 is not the low point of tonight, and the lower shadow of the daily closing is short, then it may be necessary to test the last 3175 position before determining the short-term bottom;
Gold Bullish Crab PatternThe potential surge in gold prices is being closely monitored, particularly as buyers exhibit a notable interest around the significant Fibonacci golden level at a price point of $3220.
This level serves as a crucial indicator for market participants, suggesting that a breakout could lead to substantial upward momentum.
Gold (xauusd) a bullish momentum !hello guys
Let's analyze Gold!
Trend Overview:
The market has been in a downtrend but has recently shown signs of potential reversal.
Key Observations:
Divergence Identified:
A bullish divergence is clearly spotted between the price action and the RSI indicator. While the price made lower lows, the RSI made higher lows, suggesting weakening selling pressure and a possible trend reversal.
Engulfing Pattern:
An important bullish engulfing pattern appeared around the support area, reinforcing the bullish reversal possibility.
Support and Resistance Zones:
The light blue shaded area represents a key resistance zone where price previously consolidated and sold off. This area will likely act as a strong resistance again upon retest.
Expected Movement:
Based on the bullish divergence and engulfing pattern, a move towards the resistance zone is anticipated, as illustrated by the upward arrow on the chart.
Positive tariff news favors lower gold prices - wait for FOMC🔔🔔🔔 Gold news:
➡️ Gold prices ended the week down around 2.50% as improved risk appetite - driven by easing trade tensions and a strong US jobs report - prompted investors to book profits ahead of the weekend.
➡️ Over the weekend, China's Ministry of Commerce said the US was open to trade and tariff talks, reaffirming that Beijing's door to dialogue remains open.
➡️ Bullion prices continued to fall after April's non-farm payrolls unexpectedly rose, beating expectations, while the unemployment rate remained unchanged from March. XAU/USD fell to an intraday low of $3,222 as traders reduced expectations for four rate cuts from just three now.
Personal opinion:
➡️ There is still no strong enough momentum for gold to continue rising and must wait for the upcoming FMOC. Therefore, gold will maintain a short-term downtrend in the beginning of next week
➡️ Note: any information about the US-China trade war is given top priority
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3293 - 3296
❌SL: 3190 | ✅TP: 3200 - 3205 - 3210
👉Sell Gold 3255 - 3258 (Scalping)
❌SL: 3263 | ✅TP: 3251 - 3246 - 3240
FM wishes you a successful trading week 💰💰💰
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, XAU-USD is currently in a descending triangle pattern. After reaching the top of the triangle, I expect a price decrease. I anticipate that the descending triangle will break downward, and I have two price targets in mind.
📉 Expectation:
Bearish Scenario: After the breakdown of the triangle, my first target is 3245, followed by a potential second target at 3167.
💡 Key Levels to Watch:
Resistance: Top of the descending triangle
Support: Breakout level below the triangle
💬 What are your thoughts on XAU-USD this week? Let me know in the comments!
Trade safe
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.
XAU/USD buy to sell outlookThis week, I’ll be monitoring potential long entries from the nearby 3H demand zone, but my primary focus will be on price retracing into the 4H supply zone around 3,300, where I’ll be watching for a sell opportunity.
This zone aligns with the current bearish momentum we've seen recently, and I’ll wait for price to slow down and show signs of distribution once it reaches this area.Once we see that slowdown, I’ll aim to refine a clean order block for entry, ensuring a clear change of character and avoiding any potential smart money traps or false moves.
Confluences for Gold Sells:
- A clean 4H supply zone has formed, which caused a break of structure to the downside.
- There's significant liquidity resting below, making further downside likely.
- Gold has been heavily overbought and saturated, which supports this correctional bearish move.
- The DXY recently reacted bullish from a strong 2-day demand zone, adding confluence for downside in gold.
- After last week’s sharp decline, a retracement is expected before further downside continuation.
P.S.: There’s also liquidity to the upside in the form of uncollected Asia highs, so don’t be surprised if price sweeps those first before tapping into our supply zone.
Let’s stay patient and smart with entries — have a great weekend, everyone!
XAUUSD:Sharing of the Trading Strategy for Next Week This week’s trading wrapped up successfully. Our exclusive VIP trading signals achieved a 90% accuracy rate!
On Friday during the U.S. trading session of the gold market, the Non-Farm Payrolls data was bearish for gold. We directly initiated a short position on gold at 3,260. Although gold rebounded subsequently, it was still prompted that as long as gold did not break through 3,280, a short position should be taken. Below this level remains the optimal price point for placing a short order. Next week, we will still mainly wait for a rebound to initiate short positions.
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XAU.usd watch the 22's: 3,322 then 3,222 likely targets for dip Gold may have topped, unless bulls can hold $3,322.95
Looking for minimum first Target zone $3258.64-3259.57
After a bounce we may see another leg down to $3222.15
It topped "for good" then we will quickly hit major support $3062.69-3082.58
.
Previous Analysis that caught the last Bounce at $2,964 EXACTLY:
===================================================================
NFP market, looking for opportunities to short goldFundamentals:
Mainly focus on today's NFP market;
Technical aspects:
Gold rebounded near 3200 and has gradually rebounded to around 3265. This wave of rebound is not surprising. After all, I have been insisting on short-term long gold since yesterday, and I have also gained a good profit. As gold falls and breaks through many key supports, my expectations for the magnitude of this rebound are not high. In the short term, it will first face resistance in the 3270-3275 area, and secondly, it will face resistance in the 3285-3295 area.
Moreover, the rebound and rise of gold before the NFP market is very confusing in itself. It is not ruled out that it is to pave the way for the sharp drop in the NFP market. Once gold falls again, it is likely to fall below 3200 and continue to around 3180.
Trading strategy:
1. Consider shorting gold when it rebounds to 3270-3280, TP: 3240-3230;
2. Consider continuing to short gold when it rebounds to 3280-3290, TP is the same as above.
GOLD (XAUUSD): Market Outlook & Short Update
Regarding Gold.
I received multiple requests to provide the update after
the price bounced to a target level, as I predicted earlier on Sunday.
At the moment, we see a perfect example of a consolidation.
The price is trading within a horizontal parallel channel - range.
As always, the market will most likely continue staying within that till the release
of important high impact news.
The closest ones we can find in the economic calendar.
Tomorrow we are expecting US GDP and Personal Spending Data.
For now, probabilities will be high that a consolidation will continue.
Consider looking for trading opportunities from the boundaries of the range.
After a news release, a breakout of the range will provide a strong confirmation
and accurately indicate the future direction of the market.
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XAU/USD Trade Plan 30/4/2025XAUUSD Trade Setup:
We are watching the 3260 resistance level closely. If the market breaks above 3260, we will look for a buy opportunity, targeting the 3390 level.
However, if the market fails to break above 3260 and shows signs of rejection, we will consider a sell setup, with a potential move down toward the next support at 3200.
Shorting Gold setupAgain, I got two setups done here. One may argue that why take only 1:2 profit target when you could have more. Of course, that is on hindsight. Plus, to do that you need to glue to the computer to close your position and while some like the thrill, I am OK with this strategy.
I won't advocate increasing your position size unless you are very confident but still, it is best to keep things conservative. What you want is CONSISTENCY !!!!
Notice that some of these positions were closed several days later which means you go to sleep knowing you have a tight SL and won't wake up with many zeros in red staring at you.
Looking at current price action, it looks like it could close 50% higher than the previous days which means tide may turn so will be observing the chart.
It is better to have frequent small profits of 2 vs risks of 1 over a period of time than to have volatile ins and out of your profits and losses. Again, different folks, different strokes. My strategy may not be to the liking of others who prefer to use leverage or go to smaller time frame like 5min or 1min to capture the quick moves. If that is your cup of tea, make sure you always use SL.
As usual, please DYODD
Remember - it is not about the losses you got hit but the ratios of your losses compared to your profits. You can still be in the green with just 4 positions of profits and 6 positions of losses. (4x2 = 8 minus 6x1 = 6 , your net position is still positive 2)
Gold Trends and Analysis Before NFP Release📰 Analysis of Gold's News Background 👉 Join in
During the US trading session on Thursday (May 1st), spot gold continued its downward trend, hovering around $3,216.55 per ounce, with a decline of approximately 0.4%. It had already fallen for two consecutive days before that. On Wednesday, it even reached $3,267.07, getting close to the key support level of $3,265, which was set last week. The market's bull-bear tug-of-war stems from the divergence in expectations of the Federal Reserve's policies: The weak US economic data has boosted the expectation of an interest rate cut, but the rebound of the US dollar index and US Treasury yields has suppressed the safe-haven nature of gold.
⚠️ Key Focuses for the Day 👉 Join in
Pay attention to the Bank of Japan's monetary policy decision, the data on job cuts by US enterprises in April, the final value of the manufacturing PMI, and the number of initial jobless claims. Also, keep an eye on geopolitical and trade dynamics!
📈 Quick Look at the Technical Analysis of Gold
On the eve of the Nonfarm Payrolls report, how should we choose between going long and short on gold?
🔹 Daily Chart: Closed lower with a medium-sized bearish candlestick. In the early trading session, it broke below the key support level of $3,265, confirming the end of the Wave B rebound and the start of the Wave C decline. Continue with the strategy of "going short on rebounds".
🔹 4-Hour Chart: The downward space was broken open, and the bears are in control after the top-bottom conversion.
🔹 1-Hour Chart: The moving averages formed a bearish crossover, and the gold price broke below the previous low. When it rebounds to the densely traded area near $3,265, go short without hesitation! 💥
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@3230 - 3220
🚀 TP 3210 - 3200
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