move below 3273-3270 zone and wait for reaction from US NF news🔔🔔🔔 Gold news:
➡️ Gold prices are holding modest gains heading into the European session, though bullish conviction remains lacking, and the metal continues to trade below the key $3,265–$3,2703 support-turned-resistance zone. Meanwhile, the US dollar has come under some selling pressure, snapping a three-day winning streak after hitting a three-week high.
➡️ A mix of factors is discouraging traders from making aggressive bullish bets, thereby capping further upside in the precious metal. Investors remain hopeful for easing trade tensions between the United States and China—the world’s two largest economies. This optimism supports a broader risk-on sentiment, which in turn undermines demand for safe-haven assets like gold.
Personal opinion:
➡️ The 3265–3273 zone is a strong resistance zone for gold. A break above this zone would mean the end of the short-term downtrend and vice versa. Therefore, buyers and sellers will be aggressive to secure this zone. Today's US NF news will be a strong driving force for gold prices before the tariff information appears and covers the market.
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy Gold 3202- 3205
❌SL: 3198 | ✅TP: 3210 - 3215 – 3220
👉Sell Gold 3270 - 3272
❌SL: 3276 | ✅TP: 3266 - 3261 – 3255
FM wishes you a successful trading day 💰💰💰
XAUUSDK trade ideas
XAUUSD UPDATE : FED INTEREST RATE DECISION hello & happy weekend everyone
For coming week trade forecast. From the left side, the daily chart indicates that a breakout has occurred, and the current increase is a temporary pullback. If a rejection happens at the 0.236 daily retracement and the trendline on 1 hour chart successfully pushes the price downward, I see an opportunity to short towards the upcoming Fed interest rate decision.
And I am very grateful for the support given, especially in some of the previous trades. I hope that my trade plan can help traders identify the direction to enter the market.
good luck all
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
Analysis and Layout of Gold at the Opening of the Market!The underlying logic behind the current price movements of gold has changed. Previously, the main factor driving the sharp increase and subsequent decline of gold prices around $3,500 was the tariff war. Currently, the situation has gradually shifted from tension to relaxation, and the latest news indicates that both sides are attempting to make contact in preparation for the next round of negotiations.
Attention should now be focused on the Federal Reserve. Previously, Trump asked the Fed to cut interest rates to mitigate the economic impact of the tariff war. Powell's resistance led to Trump considering replacing the Fed chair. The better - than - expected non - farm payrolls data on Friday implies that the Fed's interest rate cut will be postponed, which is bearish for the gold market. Therefore, gold prices are likely to decline further in the early next week.
On the other hand, since the global - largest gold ETF significantly reduced its positions after gold prices peaked at $3,500 on April 22nd, it has continued to reduce its positions slightly without any significant addition of positions. This, to some extent, suggests that gold prices may further decline.
If your current gold trading performance is not satisfactory and you hope to avoid detours in your investment, you are welcome to communicate and exchange ideas with us!
XAUUSD: 28/4 Today's Market Analysis and StrategyGold technical analysis
The resistance level of the four-hour chart is 3370, and the support level is 3225-3230
The resistance level of the one-hour chart is 3330, and the support level is 3260
The resistance level of the 30-minute chart is 3300, and the support level is 3268.
The current price of 3290 is in the oversold rebound stage. Now it will continue to rebound upward after standing firm on the 30-minute/1-hour support. The strength and weakness dividing line focuses on the 3300 line. After breaking through, it confirms the short-term bullish strength and continues to the 3330 resistance zone;
On the contrary, if it falls below 3268-3270, it may accelerate the decline. Focus on the price response of the three positions of 3270 and 3300/3330.
Gold trend picks directionGold fell by 230 USD in a row on the daily line. Currently, 3500 is under short-term pressure. Today, we will focus on the continuity of the decline. It directly rushed from 3288 to 3310 in 5 minutes after opening. Yesterday, it hit the lowest point of 3258 above the 0.5 division of 2956-3500. This position is temporarily supported and rebounded, but whether the adjustment is over is still uncertain. It depends on the intraday closing pattern. If today's closing can stand above the MA5 daily moving average resistance of 3358 again, then there will be signs of the end of the downward adjustment, and the next day must be accompanied by a positive line. Pull up; on the contrary, if it closes below the 5-day MA, then there is a high probability that the 10-day moving average position will continue to decline, and then the 50-division position 3228 is further down, which happens to be the starting point of the big positive on April 16. This is likely to be the end point of this round of adjustment, or there will not be much room to go down, because from the standard wave pattern, it cannot fall below the first wave high, which is 3167, which is also the current middle track; therefore, either 3228 will stabilize on dips, or somewhere in the 3228-3167 area will stabilize, and then finally return to the bullish trend and pull up
The short-term 4-hour middle track 3380 has been lost and has become a key counter-pressure point. As long as it does not stand above it again, it will maintain a downward correction. After breaking 3292 below, the 66-day moving average of 3260 will be the loser or loser; the 1-hour K-line is under pressure from ma10 and ma5 and continues to fall. After yesterday's consolidation and pull-up, the K-line has now re-run above ma10, and the macd has formed a golden cross below the zero axis. This wave of 200 US dollars of rapid decline has almost corrected most of it. If it continues downward for another wave, or with the help of bottom divergence, it will slowly brew a short-term bottom; today's gold rebound focuses on the resistance below 3367, below the extreme middle track of 3380, and it is still bearish if it cannot withstand the pressure. If the strong support of 3260 or 3245-28 is stable, we will start to consider bottom-fishing.
Gold Price in Key Compression Zone: Awaiting BreakoutThe 1-hour chart of XAU/USD (Gold Spot vs US Dollar) shows a clear symmetrical triangle formation, where the price has been compressing between a descending resistance zone (red) and a horizontal support zone (green). Here's a breakdown of the setup:
Support Zone (~3040–3080 USD):
This area has acted as a strong base multiple times, suggesting buyers are stepping in consistently at this level.
Resistance Trendline (~3310–3320 USD):
The price has repeatedly tested this descending resistance line but has failed to break above it so far.
EMA Indicators:
50 EMA (black line): Currently acting as dynamic resistance.
200 EMA (blue line): Price is hovering around it, indicating indecision.
Projected Breakout Scenarios:
Upside Breakout:
If price breaks above the resistance trendline, a sharp rally is projected towards the 3480–3520 USD zone. This move aligns with previous supply levels.
Downside Breakout:
If support fails, we could see a breakdown toward the 3040 USD region, with extended targets near 3080–3040 USD.
Current Bias:
The market is consolidating, and a breakout is imminent. Watch for volume and candle confirmation at either the resistance or support to determine the next major move.
================================================================
Disclosure:
I am a participant in TradeNation's Influencer Program and receive a monthly fee for utilising their TradingView charts in my market analysis.
=================================================================
Key pressure point of gold price on Monday: 3275Key pressure point of gold price on Monday: 3275
1: Falling below 3275, overall bearish + shock range (3220-3260)
2: Gold price still has room to fall, technical aspect: 3220-3200-3170-3100
3: Gold price may enter a wide range of shocks, shock range: 3200-3360
Therefore, our strategy is:
1: When the gold price breaks through the 3200 mark, we go long on gold at the lowest price, and the stop loss is set near 3200
2: When the gold price falls below the 3275 mark, we go short on gold at the highest price, and the stop loss is set near 3280
3: Once the gold price stands firm at the 3275 mark and continues to break through the 3275 mark, you can consider chasing the rise, and the stop loss is set near 3260.
4: Once the gold price breaks through the 3200 mark of 3275 and continues to run below 3200, you can consider chasing the decline and set the stop loss near 3200.
Then, considering the 1.2 strategy comprehensively, it is the most reliable strategy at present.
Let's review the current fundamentals:
What has Trump been busy with in the past 24 hours?
1. Plan to cancel Harvard University's tax exemption status
2. Call for tax cuts
3. Canadian Prime Minister will go to the United States to meet with Trump next week
4. Announce the 2026 budget
5. Try to squeeze the revenue of pharmaceutical companies to pay for tax cuts
6. Put pressure on Mexico
7. Release an AI-synthesized "Pope Photo"
Conclusion: Brave people enjoy the world first
Gold INTRADAY corrective pullback supported at 3218Gold slipped to the $3,200 area as optimism grew over possible US-China tariff talks, which boosted risk sentiment and pushed the US Dollar to a 3-week high. However, gold’s downside may be limited as traders grow cautious ahead of Friday’s US Nonfarm Payrolls (NFP) report.
Despite USD strength, growing expectations of Fed rate cuts—possibly four by year-end—are supportive for gold in the medium term. This follows weak US economic data:
GDP contracted for the first time since 2022
PCE inflation is easing
Jobless claims hit a 2-month high
ADP jobs report showed cooling private-sector hiring
ISM Manufacturing PMI remained in contraction
Key NFP Expectations (Friday):
+130K jobs (down from 228K prior)
Unemployment Rate: steady at 4.2%
Wage Growth: +0.3%
Conclusion for Gold Traders:
Short-term pressure on gold from stronger USD and trade optimism, but soft US data and rising rate cut bets may provide support. Watch NFP closely — a weak report could trigger a bullish move in gold.
Resistance Level 1: 3392
Resistance Level 2: 3457
Resistance Level 3: 3500
Support Level 1: 3218
Support Level 2: 3173
Support Level 3: 3130
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GOLD market update: range locked / breakout pending🏆 Gold Market Mid-Term Update
📊 Technical Outlook Update
🏆 Market Overview
▪️broke above 3 000 USD
▪️3250 USD S/R cleared as well
▪️Tested 3500 USD key S/R
▪️Rejection at 3500 USD key S/R
▪️pullback in progress currently
▪️locked inside range trading
▪️3275/3365 usd active range
▪️break below 3245 - BEARS take over
▪️break above 3385 - BULLS take over
▪️Bulls targets - 3450/3550 USD
▪️Bears targets - 3050/3150 USD
⭐️Recommended strategy
▪️Wait for a breakout
▪️LONG/SHORT after breakout
🔥 Key Drivers to Watch
🌍 Geopolitics & Trade
🇺🇸🇨🇳 U.S.–China Tariffs: Escalation continues pushing inflation fears & gold demand
🇪🇺 EU–U.S. tariffs (25%) are further straining global trade
💵 Weaker USD = stronger gold sentiment
🕊 Russia–Ukraine Ceasefire Talks
🗓 May 9 (Victory Day): Symbolic date eyed for a possible ceasefire announcement
🇷🇺 Parade vs 🇺🇦 EU leaders visiting Kyiv — all eyes on peace prospects
☢️ U.S.–Iran Nuclear Deal
🗓 April 28: Talks in Rome
🇮🇷 Iran shows readiness — possible easing of Middle East tensions
Trading Performance Review🎯 April 4 – May 3 | Trading Performance Review
Over the past 30 days, I executed 146 trades with a data-driven strategy focused on risk-adjusted returns and quantitative consistency.
🔍 Performance Metrics:
Total Trades: 146
Win Rate: 70.55%
Winning Trades: 103
Losing Trades: 43
Profitable Days: 22 / 30
No-Trade Days: 2
Winning vs Losing Trade Ratio:
✅ Winning Trades: 70.5%
❌ Losing Trades: 29.5%
Daily Outcome Distribution:
🟢 Profitable Days: 73.3%
🔴 Loss Days: 20%
⚪ No Trade: 6.7%
📈 This outcome reflects a strategy rooted in structured risk management, discipline, and probability-based execution — not impulsive decisions. Each trade was placed with purpose, not emotion.
With every data point, my trading edge sharpens. The goal remains the same: consistent performance through controlled risk and strategic action.
Progress is not measured by the number of trades, but by the quality of each decision.
GOLD Formed Bearish Head and Shoulders Pattern🚨 TVC:GOLD Formed Bearish Head and Shoulders Pattern 🚨
TVC:GOLD has formed a bearish head and shoulders pattern and appears to be making a pullback to the neckline before a potential drop. However, if the price breaks out above the right shoulder, the bearish pattern could be invalidated.
📈 Technical Overview:
Pattern: Bearish Head and Shoulders
Neckline: Current pullback area.
Bearish Confirmation: A drop below the neckline could confirm the bearish move.
Invalidation: If the price breaks out above the right shoulder, the bearish pattern may be invalidated.