It’s the right time to go shortLast week, gold came under pressure at the key resistance of 3356 and then fluctuated downwards. The market jumped short and opened low, directly breaking through the support to a low of 3259, and the daily line continued the downward trend. The current market is in the daily level adjustment stage, but the downward momentum is strong and the risk of breaking continues to accumulate. From a technical perspective, 3280 constitutes a short-term upward resistance. If the rebound is blocked, you can still choose to arrange short orders; there is strong support near 3240 below, and it is necessary to pay attention to whether this position can be effectively broken to confirm the accelerated decline. On the news side, the easing of the Sino-US tariff situation has weakened the market's risk aversion sentiment. In addition, the bullish momentum of gold has been exhausted after the previous consecutive rises, and the recent weak and volatile pattern has become prominent.
Gold recommendation: short near 3280-3290, target 3270-3260.
XAUUSDK trade ideas
Gold Intraday Trading Plan 5/3/2025Gold behaved just as I predicted but a bit lagged. Instead of going straight to 3228, it went to 3270 first and went up to 3370 and then dropped to 3200. This behavior indicates the further drop in the coming week.
Although overall trend is bullish, I don't think the correction is over yet. I am expecting it to test at least 3165, which is the last weekly resistance and also the top of previous channel.
For the trading strategy next week, I will engaged selling orders toward 3165 and if it holds, I will buy from there and monitor the price along the way.
Let's have a profitable week ahead and enjoy your weekend!
Market Analysis: Gold Dips FurtherMarket Analysis: Gold Dips Further
Gold price started a fresh decline below $3,300.
Important Takeaways for Gold Price Analysis Today
- Gold price climbed higher towards the $3,350 zone before there was a sharp decline against the US Dollar.
- A key bearish trend line is forming with resistance near $3,270 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price climbed above the $3,250 resistance. The price even spiked above $3,300 before the bears appeared.
A high was formed near $3,352 before there was a fresh decline. There was a move below the $3,300 support level. The bears even pushed the price below the $3,250 support and the 50-hour simple moving average.
It tested the $3,200 zone. A low has formed near $3,203 and the price is now showing bearish signs. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $3,352 swing high to the $3,203 low.
However, the bears are active below $3,270. Immediate resistance is near $3,270. There is also a key bearish trend line forming with resistance near $3,270.
The next major resistance is near the $3,295 zone and the 61.8% Fib retracement level of the downward move from the $3,352 swing high to the $3,203 low. The main resistance could be $3,352, above which the price could test the $3,400 resistance. The next major resistance is $3,500.
An upside break above the $3,500 resistance could send Gold price toward $3,550. Any more gains may perhaps set the pace for an increase toward the $3,620 level.
Initial support on the downside is near the $3,240 level. The first major support is near the $3,225 level. If there is a downside break below the $3,225 support, the price might decline further. In the stated case, the price might drop toward the $3,205 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Valid or fake out? - [1H] formationHere is what I noticed—let me know if this aligns with your perspective or if you see something different.
📌 Wave Structure Alignment
Wave A → C → E show corrective declines within the contracting triangle.
Wave B → D retrace in a controlled manner, respecting contraction limits.
Price tightening near 3392 - 3360, signaling absorption before a breakout move.
📌 Fibonacci Relationship Check
Wave A retraced ~38.2% - 61.8% of the previous impulse move.
Wave B & C followed standard corrective depths (~50% - 78.6%), aligning with expected fib levels.
Wave E represents the final squeeze (~38.2% - 61.8% of Wave D), acting as a breakout trigger.
📌 Liquidity Positioning & Institutional Play
Bullish Breakout Potential: A strong push above 3417 could activate momentum toward 3440 - 3510, but only if absorption transitions into expansion.
Bearish Breakdown Risk: If price rejects 3392, expect a liquidity grab driving price into 3303 - 3370 range.
💡 Verdict: What to Watch Next
The triangle structure appears valid, following typical Fibonacci relationships and smart money positioning. However, the breakout direction remains uncertain—monitor liquidity behavior closely before confirming entry.
📌 Key Levels in Play
🔹 3378 Retest: A crucial resistance zone—failure to reclaim suggests strong sell pressure.
🔹 Break Above: If buyers absorb selling pressure, the move could extend past 3385 pivot, favoring bulls.
🔹 Failure to Hold: A rejection at 3378 could induce fast liquidation, sending price toward 3363 and below.
🔥 Smart Money Perspective
Institutions may test 3378 multiple times before deciding the next move.
If absorption strengthens , price may lean bullish.
If rejection dominates , expect a fast downward sweep into 3339 - 3326 range.
The liquidity game is in play—what’s your take on this setup? Anything you’d fine-tune based on current order flow? 🚀🔥 Would love to hear your perspective!
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Quick update on our weekly chart idea, it's been playing out beautifully, helping us track the move down and catch the move back up.
The weekly chart structure is unfolding in line with prior analysis. Price action reached the upper boundary of the ascending Goldturn channel and temporarily broke above it; however, the EMA5 remained confined within the channel, validating the upper trendline as dynamic resistance.
A sustained EMA5 breakout above the channel would have confirmed a potential continuation of the breakout. Currently, price is consolidating within the Goldturn channel, with the 3189 level acting as immediate support. The channel half line of the channel may serve as a stronger swing support area, though price may not retest this level immediately. As the channel continues its upward trajectory, the midline will also rise, potentially aligning with price in future upward movements.
This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake-outs and real breakouts, cutting out much of the noise that usually confuses traders.
Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalize on quick moves without getting caught in the chop of larger swings.
Thanks again for all your likes, comments, and follows, we really appreciate the support!
Mr Gold
GoldViewFX
Gold Narrative OverviewGold remains in a long-term and medium-term uptrend, while currently showing signs of a short-term pullback. Given this context, the most logical stance is to continue looking for buying opportunities. However, price has reached rather extreme levels after a sharp and uninterrupted rally in recent weeks. That’s why I lean toward the expectation of at least a temporary pause followed by a downside correction and the formation of a consolidation phase.
On the local timeframe, I anticipate that the price may continue to move lower through a consolidation, targeting the previous support level around 3,201. While short-term bullish impulses are still possible, I expect the broader move to be downward. This bearish setup would be invalidated if the price breaks above 3,380.
Quick setup on XAUUSD current scenario> The chart shows a consolidation area near 3310–3330, which is a key resistance zone.
> Price recently made a sharp bullish move into that resistance, now testing the zone.
> Several historical rejections (red arrows) align with this level, reinforcing it as a decision point.
:Bullish Scenario (Buy Plan):
Entry Trigger:
If 3329–3330 is broken with confirmation (i.e., retest or strong close above).
Targets:
TP1: 3350
TP2: 3400
Note:
Confirmation might be a retest of 3322, labeled as "buy trap price", which could serve as new support.
Bearish Scenario (Sell Plan):
✅ Entry Trigger:
Wait for a clean break below 3310, which has held as a support.
🎯 Targets:
TP1: 3272–3270
TP2: 3230
Final Target: 3200
🔹 Bearish Flow:
The projected price path is a stair-step decline, suggesting pullbacks before continuation downward.
Summary & Trade Logic:
Bias Condition Entry Level Take Profits
Bullish Break & hold above 3330 Above 3330 (ideally 3329–3330) 3350, 3400
Bearish Break below 3310 Below 3310 3272–70, 3230, 3200
GOLD SELL SETUP
To determine the reason behind selling gold at $3263:$3264, let's examine current market conditions and possible factors influencing this decision.
*Possible Reasons:*
- *Resistance Level*: $3263:$3264 might be acting as a resistance level, where gold prices face selling pressure or struggle to break through. This level could be influenced by historical price movements or technical indicators.
- *Profit-Taking*: Investors might be selling gold at this price range to secure profits, especially after recent gains. This decision could be driven by market volatility or shifts in sentiment.
- *Market Sentiment*: Changes in market sentiment, driven by news or economic data, can impact gold prices. If sentiment is bearish, traders might be more inclined to sell at $3263:$3264.
Gold on a declineTechnical analysis: Even though the Price-action invalidated the Lower High’s (Hourly 4 chart’s) Ascending Triangle trendline, it failed to test the #3,200.80 benchmark / acting as an first Medium-term Support zone, so Technically Gold is is still near Lower High’s Lower zone extension, and if Price-action closes the session above #3,200.80 benchmark, Gold will be Targeting #3,300.80 benchmark / fractal on yet another Buying sequence. If however #3,200.80 - #3,192.80 first Short and Medium-term Support gets invalidated, then the Hourly 1 chart’s variance of #3,152.80 benchmar should be tested, in case of Bearish sequence below, Price-action will be calling for #3,100.80 final line of the defence and as discussed, possible Stabilization zone ahead of possible relief rally. Subsequently, previous Hourly 4 chart’s Support of #3,252.80 benchmark was firmly broken and current configuration pointed out to a new bigger proportion downtrend, where Fundamentals are confirming the as well the speculative downtrend in continuation.
My position: Gold found the Support almost delivering Double Bottom formation and market closing is on main stage. Either closing above #3,200.80 benchmark and #3,300.80 re-test or DX delivering Buying sequence in extension / in that case Gold eyes decline in continuation.
DeGRAM | GOLD Finished Correcting?📊 Technical Analysis
● After two successful touches of rising-channel support near $3 200, XAU/USD pierced the resistance line and the triangle, confirming a bullish breakout.
● A pattern of higher lows now projects a fresh impulse toward the channel top at ~$3 500.
💡 Fundamental Analysis
● Goldman Sachs forecasts central banks will keep buying bullion amid recession fears, driving gold to $3 700 by year-end.
● Traders price in ~80 bp of Fed rate cuts from July, lowering real yields and bolstering gold’s appeal.
✨ Summary
Channel breakout + strong CB demand and Fed-cut bets support a short-term long bias: a clear break above $3 315 targets $3 500; view invalid below $3 200.
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XAU/USD: NFP has come,What's Next? (READ THE CAPTION)By analyzing the gold chart on the 1-hour timeframe, we can see that after yesterday’s analysis, the price successfully rallied from $3231 to $3268. Once it reached that zone, selling pressure kicked in, and gold has since corrected down to $3239.
If gold stabilizes below $3257, we may expect further downside. The potential bearish targets are $3237 and $3221.
Keep a close eye on the $3209–$3220 zone, as price reaction there could be significant.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Gold Trade Plan 12/05/2025Dear Traders,
The upward trend in gold continues. Considering the news from the U.S. and China, if the price breaks above the 3370 level and stabilizes above it, the bullish trend will continue. Otherwise, I expect a pullback to the 3270 level or lower.
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
Gold Potential Reversal | XAU/USD Intraday SetupChart Analysis (Gold - XAU/USD, 15-Minute Timeframe):
Trend: After a strong bearish move, price has reacted from a key support zone.
Volume: High volume during the drop may indicate a stop hunt or panic sell.
Structure: A potential double bottom or bullish reversal pattern is forming.
Setup Idea: Price bounced near the 3,275 zone. The chart suggests a bullish structure with higher highs and higher lows expected.
Entry Zone: Around 3,275.
Stop Loss: Below 3,258.
Take Profit: Targeting the 3,335–3,340 area.
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Description:
Gold shows signs of a potential bullish reversal after a sharp drop and bounce from support. Volume spike and price structure hint at recovery. Targeting the 3,335+ zone with SL below 3,258. This chart is for educational purposes only—always use proper risk management.
XAUUSD Channel Up intact and targeting the 1D MA50.Gold (XAUUSD) has been trading within a Channel Up since the October 30 2024 High and is currently on its latest technical Bearish Leg. The last pull-back tested the 1D MA50 (blue tend-line) before rebounding again.
As you can see the Low that this pull-back made was also on the 0.618 Fibonacci retracement level. On the current Bearish Leg, the 0.618 Fib is at 3155 and can make contact with the 1D MA50 within 1 week. That is our short-term Target, but depending on the Fed Rate Decision on Wednesday, it may be achieved earlier.
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Gold price analysis May 6Due to the impact of world economic and political tensions. The gold candle has reversed to increase again with the D1 candle increasing by nearly 100 prices.
The gold uptrend has formed and it is easier to trade to find entry zones. Today's beautiful Buy zone is noticed in the price retests to the Break out zone. 3328 is considered a buying opportunity today. Currently, gold is sideways in the 3372 and 3354 range. Watch for a breakout to trade the breakout and wait for the main entry zone. When gold increases, it will encounter barriers or targets for buy orders at 3410. Today is a day without much important news, so the 3410 and 3328 ranges are considered strong. If it breaks through this range, pay attention to the quite far range around 3445 and 3270
Gold head and shoulders bottom trend, bull market strong?🗞News side:
1. Tariffs push up inflation and slow down the economy, and the Federal Reserve may be in trouble
2. The situation between India and Pakistan escalates again
📈Technical aspects:
At the hourly level, today's Asian session continued the "wash-out" operation characteristics, quickly rising by 20 US dollars at the opening, and then stepped back to 3310 to confirm the top and bottom conversion support level. The two positive lines seemed to form a "yang-enclosing-yin" upward attack pattern, but suddenly reversed, not only breaking the trend support line of 3280, but also falling to 3274 before bottoming out and rebounding. This erratic trend has a significant long-short double kill effect for investors accustomed to trend continuation strategies. However, we can accurately find the right position in the market to trade and make profits.
At present, it is expected to form a "head and shoulders bottom" pattern from a morphological perspective, accumulating momentum for subsequent rises, and there is still room for upside in the short term. At present, any pullback is an opportunity for us to go long. Pay attention to the 3360-3370 line suppression on the top. If this resistance area is broken, it may open up a new round of upward space.
TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
Gold is expected to pull back, short gold!Fundamentals:
Focus on the Fed's interest rate decision and Powell's speech;
I think the Fed will keep the interest rate decision unchanged this time, at least it will not announce a rate cut this time, which may suppress the gold market;
Technical aspects:
Before the Fed's interest rate decision, gold is currently in a volatile state. However, relatively speaking, it is currently in a volatile and bearish state, with short-term resistance in the 3395-3405 area; and gold has repeatedly tested the 3370-3360 below during the retracement process. After multiple tests, gold may be more likely to break through this support area; the key support below is in the 3360-3350 area, followed by the 3320-3310 area.
Trading strategy:
Consider shorting gold in the 3395-3405 area, TP: 3370-3360
Gold is rising strongly. When can the bull market stop?🗞News side:
1. Trump announces renegotiation of USMCA
2. Pay attention to the Fed interest rate
📈Technical aspects:
Looking at the daily chart, gold prices are breaking through important resistance levels and forming a strong upward trend. The price is currently trading around 3410, with strong suppression at 3420-3430 above the short-term. If the gold price encounters resistance and pressure, gold may once again experience a correction. Therefore, when the gold price touches the 325-3435 line, you can try to place a short position. In terms of operation, after two consecutive positive days on the technical front, the bulls will continue further. The current short-term support has moved up to the 3386 line. 3386 is the early resistance that turned into support after breaking through. This will be an important support level. At the same time, the 3270-3260 line support below is still strong. Continue to look at the 3430-3450 line. Therefore, in terms of operation, we mainly do long positions on callbacks and supplementary short positions on rebounds.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
Latest gold operation analysisFrom the daily level, the current price resistance is in the 3310 area, which is the key watershed of the band trend. If the price is below this position, the subsequent band will be shorted. At the same time, for the short-term four-hour price resistance, it is in the 3253 range. The gains and losses of this position determine the key to the short-term trend. The price will consolidate up and down at this position in the short term. Pay attention to the support of this position and further test the daily resistance area before looking at the pressure.