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XAUUSD: Could 3790 Be the Top?After the 3740 → 3790 rally, upside momentum has weakened . Therefore, 3790 is likely a temporary top , and a short-term pullback may begin from here. However, we cannot rule out a retest of the top area or even a marginal higher high today before a sharper correction develops. 📉 Analysis • After the push to 3,790 , price rotated within 3,778–3,788 and then broke the lower bound (3,778) on high volume . This supports the view that a swing high formed at 3,790 . However, price is currently drifting higher on lighter volume , so a retest of the top or even a marginal higher high before the pullback remains possible. • Resistance zones: 3,784.5–3,787, 3,794–3,796 . • Key support zones: 3,746–3,744, 3,723–3,718. 📊 Trading Plan • Wait for reversal signals with heavy volume at the marked support/resistance zones. • Highest-probability trigger: an 5m engulfing candle with high volume when price taps these levels. Example: As in ENTRY 1 , if an 5m engulfing candle prints with high volume (as indicated by Superior Volume ) at a marked support/resistance zone, entry on the candle close . • Entry on the signal and place the stop just above the signal candle (or above the resistance zone ). Move to break-even at +1R .
OANDA:XAUUSDShort
by ZuperView
XAU/USD Intraday Plan | Support & Resistance to WatchGold continues its strong rally, now trading around $3,755 after breaking out of the ascending channel. To sustain momentum, we need to see a confirmed hold above $3,753, which would open the way toward higher resistance levels. Failure to confirm this breakout could trigger a temporary pullback into lower support zones, with a potential retest of the 50MA if bears take short-term control. The higher price extends, the greater the risk of sharp swings and volatility spikes. 📌 Key Levels to Watch Resistance: $3,768 $3,782 Support: $3,753 $3,728 $3,712 (MA50 retest zone) 🔎 Fundamental Focus – Tue, Sep 23 Key drivers today: US PMIs, Trump remarks + Richmond Index, and the main event — Powell speech. Gold’s rally is extended, so expect headline-driven swings and possible volatility spikes around these releases.
OANDA:XAUUSDLong
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading just above $3,712 after breaking the mid-line of the rising channel and the $3,690 level. The next resistance sits at $3,728, which also aligns with the channel’s upper boundary. A clean break above this area would open the path toward $3,753. On the other hand, failure to break $3,728 could trigger a pullback, with downside targets at $3,712 and $3,690. 📌Key levels to watch: Resistance: $3,712 $3,720 $3,728 $3,753 Support: $3,690 $3,665 $3,642 $3,622 📌 Fundamental Focus – Week of Sept 22–27 This week brings a heavy U.S. data calendar, with key events that will guide gold and USD sentiment. Tuesday: Flash PMI data and Powell’s speech – potential intraday volatility. Thursday: High-impact releases including Final GDP, Unemployment Claims, and Durable Goods Orders – crucial for growth outlook. Friday: The Fed’s preferred inflation gauge, Core PCE, along with Consumer Sentiment – the highlight of the week for markets. ⚠️ Expect increased volatility around Powell’s speech and PCE data.
OANDA:XAUUSDLong
by azgoldtrader
Gold on the eve of interest rate cut: opportunity or trap?Gold Technical Analysis: Further analyzing gold's trend from a technical perspective, since its decline from the 3675 high, the daily chart has failed to show a clear unilateral direction. Instead, it has exhibited a pattern of alternating negative and positive fluctuations with narrowing amplitudes. Furthermore, the K-line chart continues to trade above the unilateral moving average. This pattern clearly points to a period of consolidation within a bullish trend, rather than a trend reversal. This week's daily chart should focus on two key support levels: the 3600 area represents a short-term watershed between strength and weakness. If broken, the market could shift from strong fluctuations to weak corrections. The 3500 area represents a medium-term bull-bear reversal line. A breach of this level could trigger a fundamental trend reversal. Therefore, 3600 should be the primary defensive line. The 4-hour chart shows more volatile gold: the Bollinger Bands continue to narrow, and the moving averages are highly converging. This indicates a complete lack of momentum needed for a unilateral rise or fall. For the time being, the 3615-3660 range is the preferred range. Based on cyclical patterns, the probability of a breakout of the Bollinger Bands on Monday and Tuesday is extremely low before the bands open. Therefore, high-certainty trading can be conducted on these two trading days around 3615 (lower support) - 3660 (upper resistance), without excessive expectations for a breakout outside the range. Based on real-time trends, gold has completed a short-term correction since the opening. Based on the logic of oscillation, long positions can be established within the day based on support near the lower edge of the range: enter near 3625-3620 (aligned with the lower edge of the 4-hour range), targeting upward fluctuations. Focus on the 3650-3660 area (where the upper edge of the 4-hour range overlaps with key resistance on the daily chart). If the price rebounds to the 3660-3655 range and finds resistance, a small position can be used to test short positions, targeting a pullback to the 3635-3630 area, forming a closed-loop buy-low-sell-high strategy within the range. Note that after the adjustment, the current price is in the middle of the range. Direct entry is not recommended for now. Wait until the price approaches the -3625-3620 support level or the 3655-3660 resistance level before placing orders based on K-line stabilization/pressure signals to improve trading accuracy. Overall, the recommended short-term trading strategy for gold today is to primarily buy on dips, supplemented by higher rebounds. Focus on the 3655-3665 resistance level on the upside, and the 3625-3615 support level on the downside.
OANDA:XAUUSDShort
by GoldenTrack_Daniel
With the interest rate cut coming, will gold fall or soar?The market is ever-changing. It's important to follow the trend; the trend is king. Plan your trades, trade your plans. How far one can go depends on who they walk with. How much a person can achieve in the market depends on who guides him. Let's witness what kind of turmoil gold will face next week with the Federal Reserve interest rate. Gold has grasped the overall rhythm very well this week, the trading plan was executed smoothly, and the profit performance was satisfactory. After a slight pullback on Friday, gold rose again, and was suppressed near 3655-3660 above, and the oscillation stopped. This position also plays a role of connecting the above and the following. If this position continues to fail to break through, gold may pull back again next week to test the support position below. Although it is still in a high sideways trend at the close, the upward momentum has also declined significantly. I think whether the bulls can regroup next week is particularly important, which directly affects the later trend. Next week's interest rate decision has become the focus. Both market news and technical aspects are bullish for gold. Let us wait and see next week. If you feel your recent trading results are unsatisfactory and would like to avoid detours through clearer trading strategies and risk control, please feel free to discuss this with me. Gold is currently in a high-level volatile pattern. After rising sharply and falling on Tuesday, it fell into a yin-yang alternating sweeping market. Before the Fed's interest rate decision, it is expected that the deadlock will be difficult to break. The market is waiting for guidance on policy direction. The key support is at the top and bottom conversion point and starting point of the 3610-3600 area. The bullish trend is maintained above it. If it breaks down, it may peak in stages. The trend suppression below Tuesday's highest point of 3674 is obvious. Next week, focus on the short-term support of the 3635-3630 area. If the Asian session tends to test the decline, the focus of the support below is near Thursday's low of 3610. If it breaks down, look at the 3600 and 3580 areas. If it breaks through the 3655 resistance above, it will turn strong in the short term and look at 3660 and the previous high. After breaking the high, focus on the 3680-3690 area. Maintain the overall range operation idea and follow the break.
OANDA:XAUUSDShort
by GoldenTrack_Daniel
CPI data is confusing,gold is fluctuating in a bearish directionGold Technical Analysis: Looking back at the recent trend, gold surged and then retreated on Tuesday, forming a shooting star pattern. However, the decline did not continue on Wednesday, indicating that the pullback was merely a one-off adjustment and lacks sustainability. It is a normal correction after a significant rally. Even if the market peaks, it will not be so simple. It will at least undergo a process of "high-level fluctuations turning bearish" or "second upward attack to lure more investors and then decline." In the short term, the rebound will continue to fluctuate, and it is unlikely to see significant rises or falls in a short period of time. Looking at the daily gold chart, the daily gold line has slowed down slightly. After continuous large volume, the daily line has turned into a small Yinxing candlestick pattern for consolidation. There is a need for a short-term pullback. Considering the short-term chart, the second high-point test failed to break through the previous high, the previous continuous large volume without a pullback, and the pressure from the second upward test. If there is no new high in the short term, there will be a partial correction around 3675-3657. The pattern will determine whether it is a deep pullback or a sideways consolidation. Judging from the 4-hour gold chart, yesterday's gold price failed to achieve results in its attempt to rise again. There are signs of a downward correction. The 4-hour chart lost the middle track, breaking the unilateral upward momentum. At the same time, there is a need to further retrace to the lower track. Combined with the second high in the hourly chart near 3657, the second pressure turned into a decline. The strong market is to retrace and then break the high. Once the breaking power is stopped, it will go into a shock correction. Overall, today's short-term gold operation strategy recommends shorting on rebounds as the main strategy, and buying on pullbacks as the auxiliary strategy. The short-term focus on the upper side is the 3640-3650 resistance line, and the short-term focus on the lower side is the 3610-3600 support line.
OANDA:XAUUSDShort
by GoldenTrack_Daniel
Gold trend analysis continues to rise after consolidationGold trend: Today, gold focuses on the impact of CPI data, which may impact the temporary technical view. Today, the Asian and European sessions maintain a low-long bullish trend, with support at 3620-3610 and short-term focus on 3645-3655. The US data has little impact, so it depends on the range. If the data has a large impact, focus on 3600 below and 3680-3690 above. Gold has risen unilaterally in two transactions and fluctuated for one trading day this week. The current high of gold is 3675, and the decline is only around 3620. Therefore, it is obvious that gold is rising slowly under the bullish trend, and even if it fluctuates, it will not fall much. Then, to determine the direction, we must look at the upward space under the direction. We still don’t guess the top, but under the influence of data, we still have to discuss whether there will be a change in direction or a shift in strength in the near future. From a technical point of view, the daily line is still above the support of the 5-day moving average. If the 5-day moving average is not broken, there is no possibility of weakening. Although the 4-hour Bollinger Bands have closed, the middle track has not broken, and it is difficult to have a major adjustment. Therefore, the current market is still in a strong position. It is not clear whether gold has peaked or has a larger adjustment space. Therefore, if you want to trade, you still have to go long on the decline. So, today's market can be viewed in two steps. The European session is expected to fluctuate upward. Operate at key points and go long in the 3620-3610 support area below. Look at the 3645-3655 area above. If the US data has a greater impact, pay attention to the gains and losses of the 3600 key point below. It is still a good time to go long if it does not break.
OANDA:XAUUSDLong
by GoldenTrack_Daniel
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,626, under pressure after failing to reclaim the $3,658 resistance yesterday. Price has slipped below the 50MA (pink), turning the short-term structure more bearish. Bulls need a sustained recovery back above $3,644 to regain momentum. A break above $3,658 would confirm strength, targeting $3,674 and $3,690. Immediate support sits at $3,617, followed by the key $3,594. A clean break below would expose the next support at $3,564. 📌Key Levels to Watch Resistance: $3,644 $3,658 $3,674 $3,690 Support: $3,617 $3,594 $3,600 $3,564 🔎Fundamental Focus Attention is firmly on U.S. CPI data (today). This will be a decisive driver for gold. ⚠️ Expect sharp intraday volatility as markets position around inflation expectations and Fed policy outlook.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold tested the $3,674 resistance yesterday before pulling back to the $3,620 area, where the 50MA provided dynamic support. Price is now trending around $3,646, attempting to recover from the pullback. For bulls to regain control, we need a clean break above $3,658, which would open the path toward $3,674, followed by $3,690, and an extension to $3,706. However, a rejection at $3,658 resistance could trigger a deeper pullback into lower support levels. 📌Key Levels to Watch: Resistance: $3,658 $3,674 $3,690 $3,706 Support: $3,644 $3,630 $3,617 $3,594 $3,564 📌 Fundamental Focus – Sept 10 The fireworks start today with U.S. inflation data. Core PPI and PPI figures will be released this afternoon, kicking off a packed midweek that continues with CPI tomorrow and ends with Consumer Sentiment & Inflation Expectations on Friday. ⚠️ Expect volatility to pick up from today onward, with sharp moves likely around each release.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,651, consolidating just under the $3,658 resistance after a strong bullish leg higher. Trend remains bullish above $3,617, but gold is testing key resistance. A breakout could fuel continuation, while rejection raises the risk of a short-term corrective pullback. A clean break above $3,658 would confirm continuation, targeting $3,674, then $3,690, with an extended move toward $3,706. On the downside, rejection from current resistance could see a pullback into $3,644, followed by $3,630 and the $3,617 zone. A decisive break below $3,594 would weaken the bullish bias and expose the $3,564 pullback zone. 📌Key Levels to Watch Resistance: $3,658 $3,674 $3,690 $3,706 Support: $3,644 $3,630 $3,617 $3,594 $3,564
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to Watch | 04/09/25Gold dropped sharply into the Pullback Zone during the Asian session after the strong rally into the $3,584 resistance. Price is now trending near the $3,550 level, with the 50MA providing dynamic support. If buyers can reclaim momentum above $3,550, the path opens toward $3,584, and a clean break there would target $3,608. On the downside, failure to hold above $3,525 risks a deeper retracement into $3,506, with extended weakness pointing toward $3,483 and the lower support zones. 📌 Key Levels to Watch Resistance: $3,550 $3,584 $3,608 Support: $3,525 $3,506 $3,483 $3,462 🔎 Fundamental Focus – Rest of the Week Markets now turn to the U.S. labor data cluster: Thursday: ADP Employment, Jobless Claims, ISM Services PMI Friday: NFP, Unemployment Rate, Wage Growth These figures are likely to be the main catalysts for gold as the week wraps up. ⚠️ Risk Note: Expect elevated volatility, false breaks, and sharp intraday reversals around data drops. Stay disciplined on risk sizing and avoid chasing moves.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,478 after a strong bullish rally, breaking through multiple resistance levels last week. Price surged above $3,440 and is now consolidating just below the $3,483 resistance, with short-term momentum supported by the MA`s. If buyers can secure a clean break and hold above $3,483, the next upside target sits at $3,506, followed by $3,525. On the downside, initial support lies at $3,462, with deeper retracement levels at $3,440 and the Support Zone. A break back below $3,393 would weaken momentum and shift focus toward the Secondary Support Zone ($3,371–$3,350). 📌 Key Levels to Watch Resistance: $3,483 $3,506 $3,525 Support: $3,462 $3,440 $3,417 $3,393 $3,371 $3,350 🔎Fundamental Focus – Week of Sept 1–6 It’s a heavy week for U.S. data with ISM Manufacturing PMI, JOLTS Job Openings, ADP Employment & Jobless Claims, and Friday’s NFP report. These releases will set the tone for Fed expectations and could bring sharp moves in gold. Markets will be especially sensitive to labour data as it shapes the path for rate cuts.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold rallied strongly yesterday, reaching into the $3,422 resistance zone, but failed to hold above and has since pulled back to around $3,409. Price is consolidating just above the $3,406 level, with short-term momentum still supported by the 50MA (pink) and 200MA (green) trending higher. For the bullish case to continue, gold needs a decisive break and hold above $3,422, which would open the way toward $3,445. If price remains capped, we may see a deeper correction, first into $3,386, then $3,363, and potentially retesting the First Support Zone ($3,347–$3,328). 📌Key Levels to Watch Resistance: $3,422 $3,445 Support: $3,406 $3,386 $3,363 $3,347 $3,328 🔎 Fundamental Focus – Friday, Aug 29 Today brings key U.S. data including Core PCE Price Index, Personal Income & Spending, Chicago PMI, and UoM Consumer Sentiment. These reports will give fresh signals on inflation and growth. ⚠️ It’s also the last trading day of August — expect higher volatility. Manage exposure carefully heading into the weekend.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,400, pushing higher after reclaiming the $3,386 level, with the next target at $3,406. A clean break and sustained hold above $3,406 would open the path toward $3,422. On the downside, failure to clear resistance could trigger a pullback into the $3,386 support, with deeper weakness exposing $3,363 and the $3,347–$3,328 support zone. 📌Key Levels to Watch Resistance: $3,406 $3,422 Support: $3,386 $3,363 $3,347 $3,328 🔎 Fundamental Focus – Thursday, Aug 28 Today’s focus is on U.S. Prelim GDP and Unemployment Claims, both high-impact releases likely to move gold. Pending Home Sales also on the calendar. ⚠️ Volatility expected — watch for sharp moves and possible fakeouts around release times.
OANDA:XAUUSDLong
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold briefly broke above the $3,386 resistance, but failed to hold and has since pulled back, now trading around $3,376. The rejection highlights $3,386 as a key barrier, while price remains supported above the $3,363 level with the 50MA (pink) still trending upward. If buyers can reclaim and sustain above $3,386, the next upside targets are $3,406 and $3,422. On the downside, a break below $3,363 would expose the $3,347–$3,328 support zone, with further weakness opening the door toward the Secondary Support Zone ($3,304–$3,281). 📌Key Levels to Watch Resistance: $3,386 $3,406 $3,422 Support: $3,363 $3,347 $3,328 $3,304 $3,281
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,370 after the Asian session rally, which began with a manipulation-style dip lower, followed by a sharp bullish candle driving price into the $3,386 resistance. Price was rejected at this level and is now consolidating just above the $3,363 support. Structure remains constructive as long as gold holds above $3,363, with both the 50MA (pink) and 200MA (green) starting to slope upward, providing short-term bullish momentum. A clean break and hold above $3,386 would open the path toward $3,406 and potentially $3,422. On the downside, failure to defend $3,363 would expose the $3,347–$3,328 support zone, with deeper losses shifting focus back toward the Secondary Support Zone ($3,304–$3,281). 📌 Key Levels to Watch Resistance: $3,386 $3,406 $3,422 Support: $3,363 $3,347 $3,328 $3,304 $3,281 🔎 Fundamental Focus – Tuesday, Aug 26 Key events today: Durable Goods Orders, Consumer Confidence, Richmond Manufacturing Index, plus FOMC speakers. Data may drive volatility in gold. ⚠️ Expect intraday swings — manage risk and wait for confirmation.
OANDA:XAUUSDLong
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,326, moving lower after repeated failures to reclaim the $3,344 resistance yesterday. Price is now testing the lower edge of the First Support Zone ($3,324–$3,344). It remains capped below both the 50MA (pink) and 200MA (green), which have flattened out, indicating a bearish or indecisive market structure. If sellers gain momentum and break below $3,324, focus shifts toward the Secondary Support Zone ($3,304–$3,281). A clean break under $3,281 would expose the HTF Support Zone ($3,254–$3,229). For buyers, only a sustained move back above $3,344 and the 200MA would shift momentum, opening the path toward $3,364 and $3,386. 📌 Key Levels to Watch Resistance: $3,344 $3,364 $3,386 $3,406 Support: $3,324 $3,304 $3,281 $3,254 $3,229 📌 Fundamental Focus – Friday, Aug 22 Today’s spotlight is on the Jackson Hole Symposium, with key speeches from Fed Chair Powell, FOMC members, and President Trump expected to drive volatility. Markets will be highly reactive to policy signals and geopolitical remarks. ⚠️ Friday Risk Warning: Expect higher volatility, potential intraday manipulations, and sharp position adjustments as markets head into the weekend close. Liquidity often thins in late Friday sessions, so manage exposure carefully and avoid holding unnecessary risk over the weekend.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchYesterday, we highlighted the need for a sustained move above $3,344 for bulls to gain control. However, gold failed to hold that level, with the 200MA providing firm resistance. Gold currently trading around $3,337, sitting just above the 50MA (pink) but still capped below the 200MA (green). This keeps the structure in a neutral-to-bearish stance, as short-term momentum has improved slightly, but the broader trend remains pressured under the 200MA. Buyers need sustained momentum above $3,344, it would open the path toward $3,364 and $3,386. A decisive reclaim of the 200MA would further strengthen bullish momentum. On the downside, failure to hold above $3,324 risks a move back into the Secondary Support Zone ($3,304–$3,281). A deeper breakdown would expose the HTF Support Zone ($3,254–$3,229). 📌 Key Levels to Watch Resistance: • $3,344 • $3,364 • $3,386 • $3,406 Support: • $3,324 • $3,304 • $3,281 • $3,254 • $3,229 🔎 Fundamental Focus – Thursday, Aug 21 Today brings several key U.S. releases including Unemployment Claims, PMI data, and housing figures, alongside the start of the Jackson Hole Symposium. These events are likely to increase volatility in gold. ⚠️ Risk Management: Expect sharp intraday swings and possible fakeouts around data releases. Keep risk tight and wait for confirmation before committing to trades.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchPrice failed to break the $3,344 resistance yesterday, followed by a sharp move lower. It is currently trending just below the $3,324 resistance. Price remains capped under both moving averages, and the structure stays bearish. The first resistance is at $3,324. A sustained move above $3,344 is needed to shift momentum, opening the path toward $3,364 and $3,386. If buyers fail to reclaim this level, the downside bias remains intact, with risk of a test into the Secondary Support Zone ($3,304–$3,281). A clean break below that would expose the HTF Support Zone ($3,254–$3,229). 📌Key Levels to Watch Resistance: ‣ $3,324 ‣ $3,344 ‣ $3,364 ‣ $3,386 ‣ $3,406 Support: ‣ $3,304 ‣ $3,281 ‣ $3,254 ‣ $3,229 🔎 Fundamental Focus: The main event today is the FOMC Meeting Minutes , which could provide clearer signals on the Fed’s rate path and drive sharp moves in gold. ⚠️ Risk/Volatility Warning: High-impact news flow begins today with the Fed minutes and continues into Thursday’s data and Friday’s Jackson Hole Symposium. Expect increased volatility and fakeouts – manage risk carefully and wait for confirmation before entering trades.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is currently trading around $3,338, sitting just below the $3,344 resistance level. Price remains under both the 50MA (pink) and the 200MA (green), which continue to act as dynamic resistance and keep the short-term structure bearish. The recent bounce from the First Support Zone ($3,324–$3,344) shows buyers are still defending this area, but momentum is weak. A clean break and hold above $3,344 would open the path toward $3,364, with $3,386 as the next resistance. If price fails to reclaim $3,344, then a retest of the First Support Zone is likely. A deeper break could expose the Secondary Support Zone ($3,304–$3,281), and if selling pressure accelerates, the HTF Support Zone ($3,254–$3,229) comes into play. 📌 Key Levels to Watch: Resistance: ‣ $3,344 ‣ $3,364 ‣ $3,386 ‣ $3,406 Support: ‣ $3,324 ‣ $3,304 ‣ $3,281 ‣ $3,254 ‣ $3,229 ⚠️ For now, structure favors range-bound to bearish price action unless gold can reclaim $3,344 and hold above the 50MA. 📌 Fundamental Overview This week is event-heavy with multiple Fed speakers, Wednesday’s FOMC Minutes, and Thursday’s U.S. jobless claims & PMI data all set to drive volatility. The spotlight will be on Friday’s Jackson Hole Symposium, where Powell’s speech could shape expectations for upcoming rate cuts. On the geopolitical side, Trump’s push for a Russia–Ukraine peace deal has raised uncertainty, with reports of territorial concessions being discussed. While no breakthrough has been reached, the headlines add to safe-haven demand for gold.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is trading around $3,344 after failing to break $3,367 minor resistance and hold above the $3,353 level, with both the 50MA (pink) and 200MA (green) now sitting above price and acting as dynamic resistance. A break and sustained hold back above $3,353 would be needed to regain short-term bullish momentum, opening the path to $3,367 (minor resistance) and $3,380. Failure to reclaim $3,353 keeps the bias tilted bearish, with downside pressure likely toward $3,329 and $3,313 - $3,295. Current structure remains under pressure while price stays below the moving averages, with sellers holding the near-term advantage. 📋 Bullish Plan The $3,329–$3,313 zone aligns with main buy-side liquidity and a fair value gap on both the 1H and 4H charts — making it a high-probability reaction area. 📌 Key Levels Resistance: ‣ $3,353 ‣ $3,367 ‣ $3,380 ‣ $3,399 Support: ‣ $3,329 ‣ $3,313 ‣ $3,295 ‣ $3,281 🔎 Fundamental Focus – Fri, Aug 15 Busy session ahead with multiple high-impact US releases, including Core Retail Sales, Retail Sales, and Import Prices — key indicators for consumer demand and inflation trends that can directly affect USD and gold volatility. Later, we have Prelim UoM Consumer Sentiment and Inflation Expectations, which may influence market expectations for Fed policy. ⚠️ It’s Friday — expect high volatility spikes. Manage risk carefully and avoid holding unnecessary exposure over the weekend.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold is holding above the $3,353 support after reclaiming the 50MA (pink), but price remains capped just under the $3,367 minor resistance level and 200MA (green), which is acting as dynamic resistance. A decisive break and hold above the minor resistance and 200MA would likely strengthen bullish momentum, opening the way to $3,380, followed by $3,399 and $3,422. Failure to break through could see price rotate back toward $3,353; a break below this level would shift focus to $3,329 and $3,313. 📌 Key Levels to watch Resistance: ‣ $3,367 ‣ $3,380 ‣ $3,399 ‣ $3,422 Support: ‣ $3,353 ‣ $3,329 ‣ $3,313 ‣ $3,295 🔎 Fundamental Focus A high-impact day for USD with Core PPI, PPI, and Unemployment Claims — all potential volatility drivers for gold. Later, multiple FOMC member speeches and President Trump’s remarks could add further swings. Expect sharp intraday moves around data releases and headline risk into the US session — manage positions and risk accordingly.
OANDA:XAUUSD
by azgoldtrader
XAU/USD Intraday Plan | Support & Resistance to WatchGold has broken above the 50MA (pink) but remains capped below the 200MA (green), trading just above the $3,353 key level. This area is acting as a pivotal barrier — a clean break and sustained hold above $3,353 is needed to shift momentum bullish. A sustained break and hold above this zone could see momentum build toward $3,380, with further upside potential to $3,399 and $3,422. Failure to clear this area may keep price trapped in the pullback structure, risking another retest of $3,329 and possibly the Secondary Support Zone. 📌 Key Levels to Watch Resistance: ‣ $3,380 ‣ $3,399 ‣ $3,422 Support: ‣ $3,353 ‣ $3,329 ‣ $3,313 ‣ $3,295 🔎 Fundamental Focus Multiple FOMC speeches and President Trump remarks today could spark volatility. Expect choppy price action — manage risk around headlines.
OANDA:XAUUSD
by azgoldtrader