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Gold May Face Resistance, Possible Pullback to 3698Gold continues to make new all-time highs, and this trend will likely persist for some time. In the short term, however, a significant resistance zone is being tested. Both the upper line of the short-term bullish trend channel and the 1.618 Fibonacci extension converge around the 3,725–3,735 area. This level could trigger a small downward reaction early this week, with an initial target near 3,698. The main trend remains upward, so any bearish trades should be considered risky and managed with tight stops.
OANDA:XAUUSDShort
by ftdsystem
GOLD → The rally continues. We are waiting for a pullback to buyFX:XAUUSD is rallying since the opening of the trading session. The movement has been continuing since Friday, after the end of the correction. The market is realizing the potential for interest rate cuts... The metal is showing gains for the fifth week in a row, despite the local recovery of the dollar. Key supporting factors: The forecast of two rate cuts before the end of the year continues to fuel interest. Tensions in US trade relations with India and other sources of instability. Upcoming PCE data on Friday may confirm the need for a soft policy. BUT! Caution is needed, as a short-term correction (profit-taking) is possible after record growth. Resistance levels: 3730, 3740, 3750 Support levels: 3703, 3685, 3674 The price is in the ATH zone, having come a long way since the opening of the session, and a correction may form. It is dangerous to sell in the current zone, and for trading within the bullish trend, it is worth waiting for a pullback to the nearest local support levels... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
18
XAUUSD Very aggressive Bullish Leg started.Gold (XAUUSD) is on a remarkable bounce just after marginally breaking below the 4H MA50 (blue trend-line) and reaching the bottom of the 1-month Channel Up, which is technically the new Bullish Leg of the pattern. The previous one extended all the way to +10.65% (which gives us a $4000 long-term Target) before the 4H RSI started to decline on Lower Highs, which on a sidenote gave us the bullish confirmation required when the RSI broke above them today. On the short-term however, we are looking for a much more plausible Target at $3800, which has been the standard mini-rally sequence that this Channel Up has offered. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSDLong
by TradingShot
XAU/USD Intraday Analysis – Sep 22, 2025Gold (XAU/USD) continues its strong uptrend on the H1 chart, breaking out from the key consolidation zone between 3,620–3,660 USD. The bullish momentum is confirmed by a breakout from a short-term bearish channel, supported by increasing trading volume. Traders should monitor key support and resistance levels to optimize entries and exits. 1. Current Trend Trend: Strong bullish (uptrend) Price Action: Higher highs and higher lows on H1 Key Breakout: Above 3,660 USD, confirming bullish momentum Target: Near-term high at 3,740 USD, potential wave C towards 3,760 USD 2. Technical Patterns Bearish Channel Breakout: Price reversed sharply from the 3,660 USD support area. ABC Wave Structure (H1): Wave A: 3,680 → 3,727 USD Wave B: Pullback expected to 3,700–3,710 USD Wave C: Continuation uptrend targeting 3,750–3,760 USD Volume Confirmation: Rising volume during breakout indicates strong buying pressure. 3. Key Support & Resistance Levels Support 1:3,710:Fibonacci 0.382 retracement of Wave A Support 2:3,700:Previous breakout zone, B wave bottom Resistance 1:3,740:Partial take-profit target Resistance 2:3,760:Wave C target, potential reversal area 4. Trading Strategy (H1) Buy on Pullback: Enter long around 3,700–3,710 USD, stop-loss below 3,690 USD. Partial Profit-Taking: Exit part of the position at 3,740 USD, hold remainder for 3,760 USD. Trend-Following Breakout: If price breaks 3,727 USD with high volume, add long positions targeting wave C. Risk Management: Maintain a risk/reward ratio ≥ 1:2. Stop-loss placement near strong support zones. 5. Market Caution Economic Events: CPI or Fed news can deepen pullbacks (Wave B). Price Action Alert: Watch for reversal candles near resistance 3,740–3,760 USD. Avoid buying late in the uptrend. Summary XAU/USD is trending bullish on H1 with a clear ABC wave formation. Traders should wait for pullbacks into support zones, confirm momentum, and follow risk management principles for optimal intraday performance.
OANDA:XAUUSD
by Henrybillion
2
XAUUSD: Market Analysis and Strategy for September 22Spot gold surged sharply in Asian trading, rising $20 to a new all-time high. Gold prices continued their upward trend from last Friday, now trading near 3725. Global financial markets are poised for a wave of policy speeches following the end of the Federal Reserve's quiet period. FOMC voting members' frequent statements are a key focus, and gold's upward momentum is expected to strengthen as Fed members explain the reasons behind their rate cut votes. Technically, gold bulls show no signs of weakening and maintain their rebounding momentum. The weekly chart is trending higher, and the overall trend remains above the previous upward trend channel. Therefore, the bullish outlook remains strong, and a bullish outlook remains the primary strategy. The 4-hour chart shows signs of continued upward movement in the short term. The NY market is focusing on potential resistance in the 3732-3742 range above, and support in the 3700-3693 range below. The short-term bull-bear dividing line is near 3685! I recommend buying on dips. Potential Buying Range: Buy: 3703-3700 Buy: 3686-3690
OANDA:XAUUSDLong
by ActuaryJ
GOLD – Awaits U.S. Inflation Data Amid Bullish ConsolidationGOLD – OVERVIEW Gold prices continue to rise as traders await Friday’s U.S. Personal Consumption Expenditures (PCE) inflation report, a key gauge for the Federal Reserve’s policy path. Last week, the Fed’s quarter-point rate cut initially boosted gold, but prices later eased after Chair Jerome Powell signaled a cautious “meeting-by-meeting” approach to further moves. Markets now expect the PCE data to show cooling inflation, which could reinforce the case for additional cuts. Meanwhile, geopolitical tensions, U.S. tariff risks, and strong central-bank buying remain supportive for bullion. Technical Analysis Gold is currently consolidating between 3724 – 3711, awaiting a breakout for direction. 🔹 Correction Scenario: Price may dip toward 3711 and possibly 3700 for a short-term correction before resuming the broader bullish trend. A rebound from the 3700 zone would keep the upward structure intact. 🔹 Bullish Scenario: A confirmed 1H or 15-min close above 3724 signals continuation of the bullish move, targeting 3739 and 3750, with further extension toward 3785 if momentum accelerates. Key Levels Pivot: 3724 Resistance: 3739 – 3750 – 3785 Support: 3711 – 3700 – 3687
OANDA:XAUUSDLong
by SroshMayi
THE KOG REPORTTHE KOG REPORT In last week’s KOG Report we would like to see the red box defence hold the price, and if it did we felt an opportunity to long would be available to traders into the red box target levels. Price did exactly what we wanted and all the red box target levels for the week were completed as well as the Excalibur targets we had in Camelot. We then released the FOMC KOG Report and shared not only the red boxes but also the hot spots that were active. This suggested a move upside from lower support and then a decline from there into the 3630-40 regions which again worked to the pip and gave us another opportunity not only to short but then to long up to where we closed. A fantastic week in Camelot with price playing just the way we wanted it to on gold. So, what can we expect in the week ahead? For this week we have the key level of 3660-55 support which needs to break for us to go lower in the first half of the week. Above and if that level is supported we see opportunities for the 3710, 3720 and potentially the 3730 regions. Its that 3720-30 level that we want to monitor this week and if attacked, it’s there we feel we may see an opportunity to short the market back into the 3685, 3660 and 3650 level initially. We’re due a retracement on the bullish move and ideally, we want to see that move this week at some point. We’re a little to high to go long here in the early sessions, especially with the 3660 level sticking out for a potential swing. So we’ll try and plot the path best we can and keep an eye on the hot spots and the red boxes as well as our trusted friend Excalibur to guide us through the week. Key levels – 3690 - 3675 RED BOX TARGETS: Break above 3690 for 3710, 3714 and 3722 in extension of the move Break below 3670 for 3665, 3655, 3650 and 3643 in extension of the move We’re going to keep it short this week and as usual, we’ll update traders through the week. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
44
Gold XAUUSD: Overextension, Pullback, and Key Opportunities📊 Watching Gold (XAUUSD), we’ve seen price make an aggressive push higher, leaving the market looking overextended after such a strong run. 🔎 From here, I’m anticipating a retracement back toward equilibrium ⚖️. In the short term, this sets up the possibility of a counter-trend short opportunity. 📈 Longer-term, my focus remains bullish. I’ll be looking for price to retest key support zones and then confirm strength with a bullish break of market structure. That would offer a high-probability continuation entry 🚀. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always trade with proper risk management.
PEPPERSTONE:XAUUSD
by fxtraderanthony
XAUUSD GOLD RESISTANCE AND SUPPORT READ CAPTIONHi trader's what do you think about gold Gold market is currently trading above the support level 3702 and holding the demand zone around 3682. This area has acted as a base for buyers to push the market upward. On the upside, immediate resistance is at 3727, and a stronger resistance zone is placed near 3736. If price struggles here, rejection is possible. However, if momentum stays strong, these levels will decide the next move. 📌 Summary: Support Levels: 3702, 3682 (demand) Resistance Levels: 3727, 3736 👉 For more safe analysis & updates, Follow my profile
TVC:GOLDShort
by haleh120
DeGRAM | GOLD reached the upper boundary of the channel📊 Technical Analysis ● XAU/USD touched the upper boundary of the ascending channel near 3720–3730, where rejection signals have formed. ● Price is expected to retrace toward 3685 and possibly 3668 support, confirming a short-term pullback. 💡 Fundamental Analysis ● Gold faces selling pressure as U.S. yields remain elevated and the dollar holds firm ahead of Fed commentary, reducing safe-haven demand. ✨ Summary Gold shows rejection at 3720–3730 resistance, projecting a correction toward 3685 and 3668 support with short-term bearish momentum. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
8
Gold 30Min Engaged ( Bullish Reversal Entry Detected )Time Frame: 30-Minute Warfare Entry Protocol: Only after volume-verified breakout 🩸Bullish Reversal - 3693 ➗ Hanzo Protocol: Volume-Tiered Entry Authority ➕ Zone Activated: Dynamic market pressure detected. The level isn’t just price — it’s a memory of where they moved size. Volume is rising beneath the surface — not noise, but preparation. 🔥 Tactical Note: We wait for the energy signature — when volume betrays intention. The trap gets set. The weak follow. We execute.
TVC:GOLDLong
by Path_Of_Hanzo
1
Gold: Holding Ground or Preparing for the Next Rally?Hello everyone, After a pullback from the 3,703 USD/oz peak to the 3,68xx area, gold appears to be in a natural correction rather than signalling a trend reversal. On the H1 chart, the bullish structure remains intact: the market is still printing higher-highs and higher-lows, trading above the Ichimoku Cloud, while leaving behind Fair Value Gaps (FVGs) as potential support. This cooling phase is understandable, as short-term players take profits while the US dollar and Treasury yields edge higher, temporarily reducing gold’s appeal. Yet, the broader picture remains supportive, particularly after the Fed’s 25bps rate cut and its openness to further easing if economic data allows. In this context, my base case is that gold will stabilise around 3,65x–3,66x before attempting a break above 3,700, potentially extending gains toward 3,724–3,735 and even 3,742–3,750. The alternative scenario would only emerge if gold breaks below 3,650, which could trigger selling pressure and push prices down to 3,62x before establishing a new base. Personally, I still favour the bullish path: a breakout above 3,700, a retest around 3,69x, followed by a rally toward the 3,73xx region. However, with major catalysts like Core PCE on 26 September and upcoming Fed speeches, I’ll be reducing position size to manage the risk of sudden volatility. So what do you think? Will gold reclaim momentum and push beyond 3,700? Share your view!
OANDA:XAUUSDLong
by EmmaChartist
23
XAUUSD H2 XABCD SHORT/LONG sequence with price targets🔸Hello traders, let’s review the 2-hour chart for GOLD (XAUUSD). Price action has been volatile, but the market continues to respect harmonic levels. We are tracking a clean XABCD harmonic structure, offering both higher-risk and lower-risk opportunities depending on your trading style. 🔸Speculative XABCD structure defined by the following pivots: X = 3625 A = 3689 B = 3639 C = 3709 D/PRZ = 3603 This setup still pending PRZ/D point, giving us potential reversal scenarios. Advanced short entry is from C at 3709 with target exit at D/PRZ 3603 – higher-risk setup still pending 🔸Trade Analysis and overview: Advanced short is still available from point C at 3709 with exit target at PRZ/D 3603. This is a higher-risk play, still pending Now we shift focus to the lower-risk reversal setup: buying near the D/PRZ level at 3603. Harmonic patterns often suggest strong bounce potential from the PRZ, making this a solid buy/hold opportunity. 🔸Strategy & Targets: BUY/HOLD from PRZ/D = 3603 TP1 = 3700 (first profit zone / re-test of structure) TP2 = 3750 (extended target into higher resistance) Manage risk with proper SL placement beneath PRZ. 🔸Key Notes: Pattern suggests a bullish reversal from current zone. Traders should remain patient as volatility around PRZ is common. This is a swing trade setup, so allow time for structure to develop toward TP levels. 🎁If you find this analysis useful: Hit the like button to show support 🙌 Drop a comment and let us know your view on GOLD!
OANDA:XAUUSDLong
by ProjectSyndicate
27
Gold’s Bullish Run: Ascending Channel Targets $3715Hi guys! Gold has been showing incredible strength lately. Earlier, it formed a Head and Shoulders pattern, broke out, and hit its target perfectly. Now Things are getting even more exciting. We’ve just seen a widening pattern develop , and price has already broken out of it to the upside. That’s another strong signal that bulls are firmly in control. At the same time, gold is respecting a clear ascending channel, and with momentum pushing higher, the next key target sits around $3715, near the upper boundary of the channel. As long as price holds above the broken pattern zone, the outlook stays strongly bullish, and dips are likely to be bought up quickly. Trend: Bullish Target: $3715 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDLong
by melikatrader94
13
BUYER FOMO BREAK ALL THE RULES📌 GOLD – Trading Plan OANDA:XAUUSD Follow Signals On weekend Linda published you got SELL PLAN 3720 +120PIPS Absolutely that up first down after: 1. Market Context (H1) Main trend: Bullish (following several upward BOS). The price has just broken the peak and created new liquidity above the 3715 – 3720 zone. Below, there are CP Orders + FVG at 3693 / 3669 / 3650 → the price may retrace to test demand before continuing to rise. Above: the 3749 – 3750 zone is a strong resistance, likely to see liquidity sweeps. 2. Main Scenario – BUY with the trend Entry 1: CP ORDER + Trend Timing Zone: 3693 – 3695. Stoploss: 3685. TP1: 3715. TP2: 3730+. R:R ratio: ~1:3. Entry 2: Deeper CP ORDER Zone: 3669 – 3670. Stoploss: 3660. TP1: 3710. TP2: 3730+. R:R: ~1:4. Entry 3: Final FVG Zone: 3650 – 3655. Stoploss: 3640. TP: 3710 – 3720. This is the final entry; if it breaks, consider the trend reversed. 3. Alternative Scenario – SELL counter-trend (scalp) Entry Sell Zone: 3749 – 3750 (resistance + liquidity). Stoploss: 3757. TP1: 3730 – 3735. TP2: 3695 – 3670 (if selling pressure is strong). Confirmation required on M5/M15: MSS down. Bearish engulfing. Long wick rejection. 4. Capital Management Total risk for the day: max 3 – 4% of the account. Each trade risk 1 – 1.5%. Prioritize Buy, Sell is just a small scalp. If the price hits TP1 → move SL to entry, let the rest run. 5. Notes Main trend: Bullish, don't attempt too many counter-sells. Only sell when clear signals appear at 3749 – 3750. The 3693/3669 mark is a key zone → if it breaks strongly, wait for trend confirmation.
OANDA:XAUUSDLong
by Linda_OneShotTrader
The upward trend has been broken; are the bears doomed?#XAUUSD OANDA:XAUUSD I had to go out for something on Friday, so I left everyone with a bearish trading strategy. As the gold price rose on Friday night, the limit order I set at 3685 before leaving was activated. At present, friends who have referred to the trading strategy should be holding short positions like me. Let’s briefly analyze the possible market trends on Monday and how to arrange the short positions in hand. First, let’s review Friday’s trend. Driven by news and large-scale buying intervention from major ETF funds, gold in the US market broke the trend and began to rise. The 15-minute chart formed a classic W-shaped pattern, forming a double bottom near 3645. It then rebounded, breaking through the short-term resistance around 3660-3665, and ultimately rising to around 3685. The daily chart shows that Friday saw a large bullish candlestick close, with gold prices once again stabilizing above the MA5 moving average. This suggests a renewed bullish rally, and gold prices may continue to rise on Monday. At the same time, you can observe silver, which is also a precious metal. The upward trend of silver has not been broken, so the bulls still exist in the short term, which indirectly reflects the possibility of gold rising on Monday. But one thing worth noting is that when gold hit a new historical high earlier, silver also hit a new high. This time, silver broke through again, but gold did not follow suit and break new highs. This involves issues such as exchange rate conversion. Therefore, sometimes the US dollar and silver can be used as a reference for us, but we should not trust them too much. Overall, my judgment on gold on Monday is that it may continue to rise at the opening and touch around 3700 before encountering resistance and falling back, falling to near the turning point and then rebounding. Therefore, friends who hold short positions do not need to worry too much. Friends with sufficient funds can consider adding short positions around 3700 and adjust the TP of all short positions in their hands to 3670-3660. For those with smaller accounts or who can't effectively manage their trades, consider hedging to protect your account and unwind the hedge after the pullback. On the contrary, if gold falls directly, we can still look towards 3670-3660.
OANDA:XAUUSDShort
by Trading-Magician_G
GOLD COME BACK BULLISH TREND AND HIT ZONE 3700 - 3705 ☄️ Gold Market Outlook 09/22 (Based on SMC) ☄️ 📊Market Structure 🔤The overall structure is bullish after multiple bullish BOS. 🔤Every pullback has been absorbed at FVG demand zones, confirming strong buyer control. 🔤Current price is around 3692 after a fresh BOS, showing Smart Money is still pushing higher. 💡 Trade Plan 🔼Scenario 1 – Continuation Buy (Main Plan) Entry Condition: Price retests 3685 – 3688 or 3675 – 3680 with a bullish CHoCH confirmation on M5/M15. Reasoning: Overall bullish trend, demand zones consistently defended by Smart Money. Entry: Buy at 3685-3688 or 3675-3680. 🔽Scenario 2 – Short-term Sell (Counter-trend) Entry Condition: Price taps into 3700 – 3705 and shows bearish CHoCH on lower timeframes. Reasoning: Supply zone + psychological resistance likely to trigger profit-taking. Entry: 3702 – 3705. 🔼Scenario 3 – Breakout Buy (Confirming Buyer Strength) Entry Condition: H1/H4 candle closes above 3705 with strong volume. Reasoning: Clear breakout from key resistance + new bullish BOS confirmation. Entry: Buy after a retest of 3700 – 3705. ➡️ Focus on buy setups (Scenarios 1 & 3) in line with the bullish trend. The sell scenario is only valid for short-term scalping.
OANDA:XAUUSD
by michael_gold
Gold XAUUSD Intraday Setup 22.09.2025Gold has recently broken its all-time high and is currently trading at 3711, signaling continued bullish momentum in the market. However, after such a strong breakout, a short-term retracement is likely as price action tends to revisit previous consolidation zones to gather liquidity. I'm now watching the 3693–3696 area closely—a key level where gold previously consolidated before the breakout. This zone is expected to act as a liquidity pocket, where the market may dip briefly to shake out early long positions and trap impatient sellers before resuming its upward trajectory. This kind of move is typical in strong trending markets, where price pulls back to retest former resistance turned support and collect orders before the next leg higher. My plan is to go long in the 3693–96 range, with a tight stop-loss placed at 3685, just below the liquidity sweep zone, minimizing downside risk. The target for this trade is 3725, anticipating that momentum will carry gold to fresh highs once the pullback completes and institutional buying steps back in.
OANDA:XAUUSDLong
by QuinnReed_Charts
GOLD WEEKPLAN: UP FIRST DOWN AFTEROANDA:XAUUSD Footprint Analysis The Footprint chart provides a more detailed view of the order flow. Here are some key points: Price Pullback: The recent candles show a decrease in buying pressure (green) and an increase in selling pressure (red). Volume Footprint: The trading volume (Total) and Delta (the difference between buying and selling pressure) on each candle show the order distribution. The candle on the 19th has a negative Delta (~ -5.96 K), indicating that selling pressure is dominant, which aligns with the corrective pullback. However, there's no major volume divergence, suggesting that this may only be a typical correction. Detailed Footprint Analysis: The numbers within each candle show the number of buy orders (on the left) and sell orders (on the right) at each price level. When the price pulls back to the Imbalance or Strong OB zone, it's crucial to monitor the Footprint for signs of buying pressure returning (Delta turning positive or significant buying volume at key price levels), which would serve as a confirmation signal for a long entry. OANDA:XAUUSD General Analysis The XAUUSD market is in a strong uptrend, confirmed by the market structure: Higher Highs (HH): Each new peak is higher than the previous one. Higher Lows (HL): Each new trough is higher than the previous one. Recently, the price created a Break of Structure (BOS), breaking the previous high, which indicates a continuation of the uptrend. After the BOS, the price established a new high (HH) and is now making a corrective pullback to find a strong support zone before continuing its upward momentum. Imbalance (Fair Value Gap - FVG): This is a liquidity void created when the price moves too quickly. According to SMC theory, the market tends to return to fill this gap. Location: The price range is from ~$3660 to ~$3670 USD. Significance: This zone could act as a temporary support level. If the price returns to this area, it might fill the Imbalance and then continue to rise. Strong OB (Order Block): This is a large block of orders left behind by "Smart Money" and often serves as a strong support or resistance zone. Location: The price range is from ~$3645 to ~$3655 USD. Significance: This is the strongest support zone to consider for a long entry. The price is likely to pull back to this area, tap into the order block, and then bounce back up to continue the trend. Additionally, there are two important liquidity zones to note: Buy Side Liquidity ($$$): Located above the most recent high (~$3700 USD). The price has the potential to move up to sweep this liquidity. Sell Side Liquidity ($$$): Located below the most recent low (~$3620 USD). This zone could be swept if there is a sharp market drop, but it's highly likely that the price will respect the bullish structure and not break this low.
OANDA:XAUUSDLong
by Linda_OneShotTrader
XAUUSD – Strategic Selling Zone and Detailed Trading ScenariosTechnical Analysis Gold (XAUUSD) is experiencing a strong upward trend and has now reached the Fibonacci extension zone of 1.618 – 2.618, a common area for short-term profit-taking and distribution. Sell Zone Fibo 2.618 (3,730–3,735): the first potential supply zone, where a bearish confirmation candle on H1/H4 could likely trigger a correction. Sell Zone Swing (3,745–3,750): a strong supply zone converging multiple Fibonacci extensions, with a higher risk of reversal. Short-term Buy Zone (3,690–3,700): an intermediate support zone after breaking the previous peak, suitable for scalping buys if retested and confirmed. Buy Swing (3,645–3,650): the main support zone, converging with EMA200 H1 and an old trendline, considered a 'safe buying point' if a deep correction occurs. The RSI (14) is currently at 77, indicating an overbought condition. Historically, every time RSI exceeds 75, a significant correction follows. This is a warning signal for traders to consider gradually taking profits on short-term Buy positions and prepare for Sell or Buy scenarios at lower price levels. Trading Scenarios Scenario 1 – Sell at Supply Zone: Entry: 3,732–3,735 (Fibo 2.618) or extend to 3,745–3,750 (Sell Zone Swing) SL: above 3,740 TP1: 3,707 TP2: 3,690–3,700 (Buy Zone) TP3: 3,661 TP4: 3,645 Scenario 2 – Short-term Buy (regression scalping): Entry: 3,670–3,700 (after H1 confirmation candle) SL: below 3,690 TP1: 3,718 TP2: 3,730 Scenario 3 – Long-term Buy Swing: Entry: 3,645–3,648 (EMA200 + main support zone) SL: below 3,640 TP1: 3,690 TP2: 3,707 TP3: 3,730 Key Price Levels to Watch 3,730–3,750: the strongest current supply zone, suitable for Sell scenarios based on Fibonacci extensions. 3,690–3,700: short-term Buy Zone, a crucial retest area to confirm the trend. 3,661: an intermediate level, a break below could lead to a decline towards EMA200. 3,645: potential Buy Swing, the main support of the upward structure. Overall Assessment The main trend on H1 remains upward, but the current price level is overbought, suggesting a likely correction towards support before continuing the trend. The most suitable strategy now: Look for short-term Sells at the supply zone – take profits at support, then wait for Buy Swings at lower levels to follow the main trend.
OANDA:XAUUSDLong
by Steven-GoldTrading