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Xauusdshort

GOLD PRICES STEADY AHEAD OF US CPI & TRADE TALKSSymbol - XAUUSD CMP - 3324 Gold is currently testing the liquidity zone during the Asian trading session, exhibiting signs of a potential false breakout. While the metal is showing signs of recovery, the broader fundamental backdrop remains uncertain. As of Monday, gold is trading steadily around the 3300 level, supported by a weaker US dollar and cautious sentiment among market participants ahead of upcoming US-China discussions and the release of US Consumer Price Index (CPI) data scheduled for Wednesday. Robust Non-Farm Payroll (NFP) figures for May have strengthened the dollar and diminished expectations for a near term FED rate cut. Nonetheless, ongoing domestic challenges in the US are exerting downward pressure on the currency. Investors are repositioning ahead of the CPI release. From a technical standpoint, the trend remains bullish. Although the price previously breached structural support, it has rebounded during the Asian session following a false breakdown of both the order block and the 3300 liquidity zone. Price action in the near term will be influenced by the 3300–3335 range. Resistance levels: 3325, 3343, 3375 Support levels: 3303, 3275 Gold appears to be approaching the 3325–3335 zone for a potential retest. Should the dollar continue to weaken and gold sustain a move above the 3340 level, the bullish momentum may persist. However, caution is warranted-a false breakout within the 3325–3335 area could signal a breakdown of the bullish structure and result in a renewed downward move.
OANDA:XAUUSDShort
by akshit_official
XAUUSD – Bearish Outlook from Resistance Zone📊 XAUUSD – Bearish Outlook from Resistance Zone 🕒 Date: June 5, 2025 💰 Instrument: Gold (XAUUSD) 📍 Current Price: 3,352.730 USD 🟨 Key Resistance Level 🔴 Price has sharply reacted from the 3,375–3,400 USD zone, highlighted as a strong resistance area. 📉 This zone has previously triggered significant sell-offs, confirmed again by the current bearish rejection (red arrow 🔻). 📉 Bearish Market Structure The price structure suggests a classic lower high rejection scenario with potential for further downside: 🔻 Immediate Drop Expected After rejection from resistance, the price shows early signs of breakdown. A minor pullback is expected before continuation. 🧭 TP1 – First Target Zone: 📍 3,245.560 USD This level aligns with a previous demand area (light red box), likely to act as temporary support or reaction point. 🎯 TP2 – Final Bearish Target: 📍 3,127.527 USD This blue demand zone is a major support level, previously a strong rally base (green arrow 🟢). Expect buyers to step in here again. 🔄 Trade Idea Summary 💼 Setup Type: Resistance Rejection 🛑 Bias: Bearish 📍 Entry Zone: ~3,350–3,360 USD (confirmed rejection) 🎯 Take Profit 1: 3,245.560 USD 🎯 Take Profit 2: 3,127.527 USD 🔒 Stop Loss: Above 3,400 USD (outside resistance zone) 📌 Observations: 🔁 The market repeated its previous pattern: bouncing from the blue demand zone and rejecting at the yellow resistance zone. 🧱 A solid breakdown below TP1 could accelerate movement toward TP2. 🔍 Watch for any bullish reaction around TP2 for potential reversal setups. 📉 Bias: Bearish 📆 Outlook: Short-term to mid-term swing
OANDA:XAUUSDShort
by MrStellanSight
XAU/USD Bearish Rejection at Resistance – Potential Drop Ahead!XAU/USD Bearish Rejection at Resistance – Potential Drop Ahead! 💥 🔍 Technical Analysis: Instrument: Gold vs US Dollar (XAU/USD) Timeframe: Daily Current Price: $3,363.26 Resistance Zone: $3,380 – $3,470 Support Zone: $2,970 – $3,100 🧠 Market Context: Gold has recently approached a well-defined resistance zone near the $3,380–$3,470 range. Price action shows multiple rejection wicks and failed attempts to break above this level, indicating strong selling pressure from bears. 🐻 The current candlestick structure suggests the market is printing lower highs, which may indicate a transition from a consolidation phase into a potential bearish trend. 📉 Projection: The chart projects a move down toward the support zone, around $2,970–$3,100, possibly due to: Repeated rejections at the resistance zone 🔄 Lack of bullish momentum near highs ⚠️ Bearish engulfing or reversal candlestick formations 🔻 ✅ Key Levels to Watch: Level Type Price Zone Action 🔴 Resistance $3,380 – $3,470 Strong rejection expected 🟢 Support $2,970 – $3,100 Major demand zone; potential bounce 🧭 Trading Outlook: ⚠️ If price fails to break above the resistance zone, short opportunities may develop with a target near the support zone. A confirmed break and close below $3,300 would strengthen bearish sentiment. 📌 Bearish Bias Maintained Until Resistance Breaks
OANDA:XAUUSDShort
by MrStellanSight
XAU/USD Price Action Analysis – Bullish Breakout Setup XAU/USD Price Action Analysis – Bullish Breakout Setup 🚀 🔍 Chart Overview: This chart illustrates the price movement of XAU/USD (Gold vs USD) on a mid-term time frame, highlighting a potential bullish breakout scenario from a key resistance zone. 🟩 Key Levels: Support Zone: 🛡️ ➤ $3,140 – $3,200 This zone has acted as a strong support multiple times, preventing further declines and serving as a springboard for bullish moves. Breakout Zone (Current Level): ⚡ ➤ $3,340 – $3,390 Price is currently testing this crucial resistance-turned-potential-breakout zone. A successful close above this level could confirm bullish continuation. First Target: 🎯 ➤ $3,435.87 This intermediate resistance aligns with a previously tested high. It may act as the first barrier after the breakout. Second Target: 🥇 ➤ $3,502.13 This is the major resistance zone. If bulls maintain momentum, this area will likely be tested. 🧭 Market Structure & Bias: Price is forming higher lows, signaling growing bullish strength. The chart shows a bullish breakout of a sideways consolidation zone. The upward arrows and curved projection suggest a potential pullback-retest scenario at the breakout level before rallying towards targets. 🧠 Trading Plan (Illustrated by Chart): 📈 Breakout Entry: Wait for confirmation above $3,390 with strong bullish candles and volume. 🔁 Retest Opportunity: If price pulls back to the breakout zone ($3,340 – $3,390), this may serve as a solid re-entry point for long positions. 🎯 Profit Targets: TP1: $3,435 TP2: $3,502 🛑 Invalidation: A strong close back below $3,320 may invalidate the bullish bias. 📌 Conclusion: The chart indicates a bullish continuation setup for XAU/USD with clearly defined breakout, retest, and target zones. Traders should monitor price action closely around the breakout area for confirmation before entering long positions. Risk management remains key. 🧮⚖️
OANDA:XAUUSDLong
by MrStellanSight
Smart Trade Insight – XAU/USD Technical BreakdownKey Levels & Technical Zones: 🔹 Resistance Zone (🔼 SELL Area): 📌 3,315 – 3,340 This area has been tested and rejected multiple times, as highlighted by the strong bearish wicks. The recent price action failed to break above it, triggering short interest. 🔹 Minor Support Zone: 📌 Around 3,243 Acted as intraday bounce area previously, now likely to offer weak support in the coming move down. 🔹 Major Demand Zone (💚 BUY Interest Zone): 📌 3,120 – 3,140 Labelled as "BEST SUPPORT DEMANDING ZONE" – historical demand visible with strong bounce history. Ideal for monitoring bullish reversal opportunities. 📈 EMA Levels: 🔴 50 EMA: 3,299 🔵 200 EMA: 3,254 Current price action is hovering near the EMAs. The rejection at the resistance while below the 50 EMA indicates weakening bullish momentum. 🔍 Market Structure Overview: The double-top formation near the resistance shows exhaustion in buying. Lower highs forming → structure turning bearish short-term. Solid rejection confirms that this is a valid zone to initiate short positions 🛑📉. 📉 Forecast Path: 🔮 Projected Move: Price is expected to break below minor support at 3,243. Intermediate target: 3,206, then 3,167 🟠. Final destination: Demand Zone at 3,120 – 3,140 🟩 for potential bounce 📈. 💬 "Market not break the resistance level and rejected solid — this is a good entry for short-term sell trades." ✅ ✅ Trade Idea Summary: 🟥 Bias: Short 🎯 TP Targets: 3,206 → 3,167 → 3,122 📉 SL Suggestion: Above 3,340 resistance zone 🧭 Risk-Reward Setup: Favorable for short-term traders Key Levels & Technical Zones: 🔹 Resistance Zone (🔼 SELL Area): 📌 3,315 – 3,340 This area has been tested and rejected multiple times, as highlighted by the strong bearish wicks. The recent price action failed to break above it, triggering short interest. 🔹 Minor Support Zone: 📌 Around 3,243 Acted as intraday bounce area previously, now likely to offer weak support in the coming move down. 🔹 Major Demand Zone (💚 BUY Interest Zone): 📌 3,120 – 3,140 Labelled as "BEST SUPPORT DEMANDING ZONE" – historical demand visible with strong bounce history. Ideal for monitoring bullish reversal opportunities. 📈 EMA Levels: 🔴 50 EMA: 3,299 🔵 200 EMA: 3,254 Current price action is hovering near the EMAs. The rejection at the resistance while below the 50 EMA indicates weakening bullish momentum. 🔍 Market Structure Overview: The double-top formation near the resistance shows exhaustion in buying. Lower highs forming → structure turning bearish short-term. Solid rejection confirms that this is a valid zone to initiate short positions 🛑📉. 📉 Forecast Path: 🔮 Projected Move: Price is expected to break below minor support at 3,243. Intermediate target: 3,206, then 3,167 🟠. Final destination: Demand Zone at 3,120 – 3,140 🟩 for potential bounce 📈. 💬 "Market not break the resistance level and rejected solid — this is a good entry for short-term sell trades." ✅ ✅ Trade Idea Summary: 🟥 Bias: Short 🎯 TP Targets: 3,206 → 3,167 → 3,160 📉 SL Suggestion: Above 3,340 resistance zone 🧭 Risk-Reward Setup: Favorable for short-term traders
OANDA:XAUUSDShort
by MrStellanSight
XAU/USD Technical Analysis – 4H Chart Overview🔍 Current Market Position Price: $3,358.125 Currently near resistance zone ($3,420–$3,470) Historical reaction in this zone shows multiple rejections 🛑 📌 Key Levels 🔺 Resistance Point: ~$3,420–$3,470 Rejected here 3 times ➡️ strong supply zone 🔻 Support Level: ~$3,150 Past price bounced here multiple times 🟠 💪 Strong Support: ~$2,950 Major bounce seen in early May 👊 🧭 Pattern Outlook Repeated resistance test 🔁 ➡️ potential double/triple top 📉 Blue arrow suggests bearish projection towards $3,050–$2,950 If support at $3,150 fails 🔓, expect deeper drop to strong support 🔮 Forecast 🔽 Bearish Bias High chance of reversal from resistance Target: $3,050 and possibly $2,950 🎯 ⚠️ Watch for Price Action at Resistance: Rejection = short opportunity 🔧 Break of $3,150 Support: May accelerate bearish move 🧨 📌 Summary: Market shows clear resistance rejection history. If it plays out again, we may see a strong drop toward lower support zones. Ideal for short setups 📉💼
OANDA:XAUUSDShort
by VikingFx-Community
XAUUSD/GOLD 4H BUY PROJECTION 25.05.25🟢 Overall Bias: BUY Projection The chart suggests a bullish outlook, predicting that gold will rise significantly after a breakout and retest pattern. 🔍 Key Technical Elements: Trendlines: 4H Downtrendline: This was a significant resistance trendline that has now been broken. 4H Uptrendline: Indicates a recent shift to bullish momentum. Support & Resistance Zones: Support S1: A solid demand zone around 3,275–3,300 USD. Immediate Support: Zone around 3,325 USD. Resistance R1, R2, and R3: Key resistance levels. R1: ~3,375 USD R2: ~3,425 USD R3 & ATH (All-Time High): ~3,500+ USD Breakout Confirmation: The price broke above the 4H Downtrendline and Resistance, and then retested that area successfully, confirming it as new support (highlighted by the box labeled "BREAKER RESISTANCE RETESTED AND BROKE TRENDLINE"). Change of Character: Marked in the zone labeled "CHANGE OF CHARACTER APPEARED HERE", indicating a shift from bearish to bullish market structure. 📈 Price Projection: The price is projected to move upwards through multiple resistance zones, eventually targeting the 3,500 USD+ region. Arrows indicate a bullish path with minor pullbacks, moving towards: Resistance R1 → Resistance R2 → Resistance R3 (ATH). 🟥🟩 Risk Management: Stop-Loss Zone (Red Area): Below 3,300 USD – in case the breakout fails and the price re-enters the downtrend. Target Zone (Green Area): Extends to 3,500+ USD – aligning with historical highs.
OANDA:XAUUSDLong
by kripsonfx97
2
GOLD - SHORT SQUEEZE BEFORE THE DROP?Symbol - XAUUSD CMP - 3247 Gold is currently undergoing a phase of consolidation. The market lacks a decisive catalyst, and given the prevailing uncertainty in the macroeconomic landscape, traders have largely adopted a cautious, wait and watch approach. This period of consolidation may give way to a sharp movement at any time but the direction remains uncertain. Investors are closely monitoring signals from the Federal Reserve and ongoing trade negotiations. The US dollar continues to exert downward pressure on gold amid anticipation of trade talks involving China, India, South Korea, and Japan along with recent statements from the Federal Reserve. Previously, gold received support from a weaker dollar following Moody’s downgrade of the US credit rating. However, rising risk appetite and optimism surrounding potential peace talks between Russia and Ukraine have reduced safe-haven demand for gold. Key market drivers namely, Fed commentary and international negotiations will remain crucial in shaping the future trajectory of both the dollar and gold prices. From a technical perspective, the price remains within a downtrend and is currently in consolidation. A breakout from this range could be accompanied by significant momentum. However, my view is that any movement against the prevailing trend is unlikely to be sustained. A retest of resistance may result in a renewed decline. Key Resistance Levels: 3257, 3265 Key Support Levels: 3204, 3153 Within the broader bearish trend, the most probable scenario is a short squeeze followed by a downside breakout from the consolidation triangle. As fundamental pressures and economic risks gradually ease, gold may continue to lose value. A false breakout in the 3250-3265 zone could potentially trigger a continuation of the downward trend toward the 3150-3120 zone.
OANDA:XAUUSDShort
by akshit_official
1
GOLD - RETEST OF TREND RESISTANCE BEFORE POTENTIAL DECLINESymbol - XAUUSD CMP - 3246 Gold is staging a modest recovery amid ongoing market uncertainty. However, a significant resistance zone lies ahead, which could limit further upside and potentially initiate a reversal. Since the session's open, prices have rebounded slightly following a week-long decline. The current upward momentum is constrained by mixed market signals: on one hand, pressure on the US dollar and Moody’s downgrade of the US credit rating are providing support for gold. On the other hand, elevated bond yields and prospects of new US trade agreements are capping gains. Market participants are closely watching upcoming Federal Reserve commentary and tracking developments in US trade negotiations with key global partners. In an environment marked by concerns over fiscal stability and weaker economic indicators, gold may maintain a positive bias. However, the emergence of favorable trade news could shift sentiment and lead to renewed downward pressure. Key Resistance levels: 3257, 3265 Key Support levels: 3204, 3153 A failed breakout above the identified resistance range would signal a lack of upward momentum. Should the price consolidate below the 3257 level following a false breakout of the 3257-3265 zone, it may trigger a reversal and drive the market toward key support levels.
OANDA:XAUUSDShort
by akshit_official
3
GOLD - BEARISH FLAG OR BULLISH TREND REVERSAL?Symbol - XAUUSD CMP - 3238 Gold is emerging from a local corrective channel, commonly identified as a 'Flag' formation. Consolidation continues near the base of this potential reversal pattern, with market focus centered on the critical 3200 level. Gold is experiencing downward pressure amid renewed trade optimism and strength in the US dollar. Prices are retreating early Wednesday as market participants engage in profit-taking following a recent rebound from weekly lows. Although US inflation data came in below expectations, it failed to support earlier assumptions of imminent monetary easing. The Federal Reserve’s continued reluctance to initiate rate cuts is exerting additional pressure on the precious metal. Moreover, growing optimism surrounding potential trade agreements between the United States, China, the United Kingdom, and other nations-along with renewed hope for diplomatic progress in the Russia-Ukraine conflict is dampening gold’s appeal as a safe-haven asset. From a technical standpoint, the outlook remains bearish. The absence of a meaningful rebound from support suggests sustained selling pressure. A consolidation phase appears to be developing ahead of a potential test of the 3200 support level. Key Resistance Levels: 3243, 3257, 3269 Key Support Levels: 3222, 3200 Should price action continue to consolidate within the current local range and repeatedly test support in the 3222-3200 zone, further downside may be anticipated in the short to medium term. However, in consideration of common market maker tactics, a brief short squeeze targeting local resistance zones cannot be ruled out prior to any subsequent decline.
OANDA:XAUUSDShort
by akshit_official
2
XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD XAUUSD SHOWING A GOOD DOWN MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
FX:XAUUSDShort
by tradergyan01
3
Gold Short Trade Analysis for Swing TradingMarket Overview Gold (XAU/USD) has exhibited a bullish rally in recent times, but a recent pin bar formation on the weekly chart signals a potential reversal. With a 95% confidence level based on technical analysis, the market is poised for a significant downturn over the next two years. The current momentum remains slightly bullish, but failure to breach the $3,500.00 resistance level will likely trigger a substantial decline in gold prices, making it an opportune moment for swing traders to consider short positions. Price Predictions Based on the provided projections, the following key price levels are anticipated for gold over the next two years: Mid-July 2025 : Gold prices are expected to peak near $3,000.00, marking a potential high for the year. Mid-November 2025 : Prices are forecasted to decline to approximately $2,740.00. End of March 2026 : A further drop is anticipated, with prices reaching around $2,560.00. End of June 2026 : Gold is expected to form a low around $2,408.00. June to September 2026 : The market is likely to trade in a range-bound pattern, with no significant directional movement. End of September 2026 : A breakout from the range is expected, potentially setting the stage for further declines. End of December 2026 : Gold prices are projected to fall to approximately $2,053.00. April 2027 : The downtrend is expected to continue, with prices dropping to around $1,814.00. Technical Analysis The recent pin bar on the weekly chart is a strong bearish signal, indicating rejection at higher price levels. This suggests that the bullish rally may have exhausted its momentum. The critical resistance level to watch is $3,500.00. If gold fails to break above this level, it will likely confirm the bearish outlook, leading to a sustained decline. The projected price levels align with key support zones, reinforcing the potential for a prolonged downtrend. Swing Trading Strategy Swing traders can capitalize on this bearish outlook by initiating short positions at strategic price points. Below is a suggested approach: Entry Point : Consider entering a short trade near $3,000.00 in mid-July 2025, as prices approach the projected peak. Alternatively, wait for a confirmation of rejection at $3,500.00 if prices rally higher. Stop Loss : Place a stop loss above $3,500.00 to protect against an unexpected bullish breakout. Take Profit Levels : First target : $2,740.00 (mid-November 2025). Second target : $2,560.00 (end of March 2026). Long-term target : $2,053.00 (end of December 2026) or $1,814.00 (April 2027). Position Sizing : Use proper risk management, risking no more than 1-2% of the trading account per trade. Monitoring : Watch for range-bound movement between June and September 2026, as this may require adjusting positions or temporarily exiting the trade. Risk Factors While the bearish outlook is supported by technical signals, traders should remain cautious of the following risks: Geopolitical Events: Sudden global events could drive safe-haven demand for gold, pushing prices higher. Economic Data: Changes in interest rates or inflation could influence gold prices unexpectedly . Market Sentiment: A shift in investor sentiment could delay or alter the projected downtrend. Conclusion The formation of a pin bar on the weekly chart, combined with the failure to break $3,500.00, suggests that gold’s bullish rally is likely over. Swing traders can take advantage of the anticipated downtrend by shorting gold at key resistance levels and targeting the projected price declines over the next two years. By employing disciplined risk management and closely monitoring market developments, traders can position themselves for significant returns as gold prices trend lower.
OANDA:XAUUSDShort
by NaviPips
2
GOLD LOSES ITS SHINE - DISTRIBUTION PHASE BEGINSSymbol - XAUUSD CMP - 3244 Gold breaks below 3270, entering a distribution phase amid a strengthening US dollar. The market appears to be in the early stages of a potential trend reversal. On Thursday, gold remained under sustained pressure, trading at a two-week low, as market sentiment responded to statements by President Trump regarding potential trade agreements with multiple countries, including China. Growing optimism surrounding trade negotiations is enhancing risk appetite, thereby diminishing demand for gold as a traditional safe-haven asset. Notably, even weak US GDP and inflation figures failed to support gold prices, as investor focus remains firmly on trade developments and upcoming labor market data. Gold's price trajectory is shifting due to the strengthening of the dollar and evolving macroeconomic fundamentals. A break below the recent local low could further reinforce the downward momentum. The initial downside target is set at 3190. A potential retest of the previously breached consolidation support at 3268 may occur before the downward movement resumes. Resistance levels: 3245, 3270 Support levels: 3190, 3186, 3167 A break below the local low of 3221 could act as a catalyst for a deeper decline, with 3190 as the initial target. A retest of the 3245–3270 resistance range cannot be ruled out prior to the continuation of the downtrend.
OANDA:XAUUSDShort
by akshit_official
9
HEAD & SHOULDERS IN GOLD - WATCH THAT NECKLINESymbol - XAUUSD CMP - 3288 Gold, after a sharp decline, is now trading and consolidating at important levels. The recent movement follows a strong sell-off as geopolitical and tariff-related issues between the US and China began to ease. This decline pushed gold back from its all-time high of 3500, with the metal currently hovering near key support. The market remains cautious, with attention shifting toward potential shifts in FED policy and broader macroeconomic cues. A Head & Shoulders pattern is in formation, with gold currently testing its neckline around the critical support zone of 3300–3287. A breakdown and retest of this level may trigger further downside momentum, potentially opening the path toward 3220 and 3075 on a positional basis. Key Resistance Levels: 3300, 3317 Key Support Levels: 3288, 3215, 3122, 3075 From a technical perspective, gold remains within a corrective structure, maintaining a bearish outlook. Attention is now on the Head & Shoulders neckline - if it breaks to the downside and retests, short positions can be initiated.
OANDA:XAUUSDShort
by akshit_official
17
Gold (XAU/USD) Trade Plan – Daily TimeframeGold ( FXOPEN:XAUUSD ) has finally broken below the lower boundary of the rising channel after a strong bullish rally that peaked above $3,450. Today's bearish candle closed below the trendline support, indicating potential short-term weakness. 🔍 Technical Highlights: Breakdown from Rising Channel Price has broken below the lower channel, hinting at a short-term reversal or deeper pullback. Immediate Support Zones Watch the horizontal zones around $3,194 and $3,168 – these could act as short-term supports. Further Downside Targets If these levels break, next major supports lie at $3,055 and $2,972. 💡 Trade Ideas: Bearish Bias Below $3,220 Look for short entries if price retests and rejects the lower channel boundary. Target Levels: $3,168 > $3,055 > $2,972 Invalidation: Daily close back above $3,250 would negate the bearish setup. ⚠️ Risk Management: Always manage risk with stop-loss orders and proper position sizing. Volatility remains high, so wait for confirmation candles or retests.
TVC:GOLDShort
by ayusharya_001
2
GOLD correction is coming (-8% fall)As per my analysis, gold is consolidating for days. Even though currency move higher but gold didn't. Trump tarriffs are cooling down , so gold will fall nearly -8% which is 3050 area. Maybe it can fall below 3000 dollars per ounce. Maybe next month dollar index may retrace a bit from the current fall. So from all this information, I conclude GOLD may fall for couple of weeks. This is for education purpose only. Do your own research. Thanks for reading, leave your comment.
FOREXCOM:XAUUSDShort
by tradbooker
GOLD PEAKS, BEARS PEEK IN - CORRECTION KICKS INSymbol - XAUUSD Gold, having recently reached the psychologically significant level of 3500, has entered a corrective phase. This movement was partially driven by a slight de-escalation in the trade tensions between the United States and China. Following a decline that did not reach the key support zone at 3288, gold prices began to rebound in early European trading hours, as market participants await the release of US PMI data. The precious metal had previously recorded an all-time high of 3500 but subsequently retreated, influenced by optimism surrounding potential easing in the US - China trade dispute. The US dollar has also shown signs of recovery amid this correction. However, investor confidence remains cautious due to concerns over the unpredictability of President Trump. During this period of uncertainty, gold continues to consolidate in a corrective pattern. Attention is now focused on the upcoming S&P Global PMI release, which may shape expectations for future adjustments in the US FED’s interest rate policy and influence the broader market direction. Key Resistance Levels: 3340, 3360, 3366 Key Support Levels: 3317, 3288 From a technical perspective, gold remains within a corrective structure, maintaining a bearish outlook. Nonetheless, any unexpected statements from Trump could trigger renewed speculative buying. At this stage, a potential pullback from the 3340-3366 resistance range is plausible. Long positions may be considered either on a confirmed retest of support levels or upon a decisive breakout and close above 3370
OANDA:XAUUSDShort
by akshit_official
GOLD’S IN OVERDRIVE - MISSED THE TRAIN? WAIT FOR THE NEXT STOP!Symbol - XAUUSD CMP - 3330 Gold remains in a strong upward trend, consistently reaching new all-time highs. Entering a rapidly advancing market without sufficient opportunity to assess risk is inadvisable. Therefore, engaging in the current momentum without a confirmed technical setup is not recommended. A potential price correction ahead of upcoming US retail sales data and a speech by Federal Reserve Chair Jerome Powell may provide a more favorable environment to identify trading opportunities. The rally is being driven by several fundamental factors, including robust economic data from China, increased demand for safe-haven assets amid escalating geopolitical tensions, and trade uncertainties between the US and China. Further upward momentum is being supported by ANZ’s revised forecast, which projects gold prices could reach $3,600 by year-end. From a technical standpoint, the psychological resistance zone between $3330 and $3350 is of particular interest, where a pullback may be expected. The preferred strategy would be to await a correction toward local or intermediate support levels before considering long positions. Key Resistance Levels: 3330, 3350 Key Support Level: 3275, 3265, 3244 Given the strength of the prevailing bullish trend, breakout strategies above resistance levels may be effective. However, such an approach requires clear price consolidation, which is not currently present. Alternatively, a more prudent strategy would be to wait for a retracement, a confirmation of support, and then consider initiating long positions.
OANDA:XAUUSDShort
by akshit_official
2
GOLD FACES MAJOR PULLBACK: WILL IT BOUNCE BACK OR BREAK DOWN?Symbol - XAUUSD CMP - 3032 Gold is currently undergoing a significant liquidation phase, primarily driven by profit taking following last week's favorable market news. The market sentiment has been further pressured by the robust Non-Farm Payroll (NFP) report released on Friday. The economic risk landscape is showing signs of divergence. Following a decline in the Asian trading session, gold prices have rebounded, consolidating the earlier drop precipitated by the escalating trade tensions between the United States and China. Comments from Trump rejecting potential trade deals with China have heightened recession concerns, which, in turn, have increased expectations of a potential Federal Reserve rate cut. In this environment, gold has gained traction as a safe-haven asset, even amid rising dollar strength and climbing bond yields. However, the sustainability of gold's upward momentum remains uncertain due to ongoing profit-taking and the absence of new economic data from the United States. From a technical perspective, gold is consolidating under pressure near the support levels of 3017-3013, with a descending triangle pattern forming on the local timeframe. Resistance Levels: 3033, 3057 Support Levels: 3017, 3013, 2981 Given the current market dynamics and the strong pressure exerted on prices, two scenarios appear plausible: A breakdown below the support range of 3017-3013, should the descending triangle structure on the local timeframe persist. In this case, the next targets for support are 3000 and 2981 Alternatively, the price could consolidate within the range, with potential targets of 3057, 3033, and 3013, reflecting a phase of consolidation following the sharp decline and liquidation.
OANDA:XAUUSDShort
by akshit_official