Gold (XAUUSD) Brief Analysis- Gold (XAUUSD) is currently trading around 3350, consolidating within a symmetrical triangle pattern after finding support near the 3330–3338 zone (Fib 0.5 and trendline support).
- The RSI is hovering near 50, showing a balanced momentum, while prices have broken out of the short-term descending trendline, suggesting potential bullish continuation.
- For intraday trading, our bias remains bullish, and a sustained breach above the 3355 Fib 0.382 level could open the path toward 3365 and 3376 resistances.
- On the downside, immediate support lies at 3338, followed by 3328, and only a break below these levels would negate the bullish setup.
- Traders may look for buying opportunities on dips above 3355 with tight stop losses, targeting the upside levels.
Goldlong
XAUUSD: 3330 becomes the key, buy if it doesn’t fall belowIn the previous article, we successfully predicted that gold prices would fall if they failed to break through 3370. This proved to be the case, with gold prices ultimately falling to our ultimate target of 3330.
From the 1-hour chart, it's clear that 3330 is a key support level. Gold prices rebounded from the decline on the 12th precisely at this level. Now that gold has stabilized after hitting 3330 again, will it rebound again?
I personally believe that a rebound around 3330 will occur, but the strength will not be too strong. It's important to be prepared to cash in on your gains.
🏆Trade setup is as follows:
📈Buy near 3330
✅Target 1 - 3350
✅Target 2 - 3360
🛑Stop loss 3320
📣If you have different opinions, please leave a message below to discuss
DXY Comprehensive AnalysisThe US Dollar Index (DXY) on the 4H chart remains under pressure, trading near 97.71 and holding below the key resistance zone of 98.20–98.30, aligned with the 20 SMA (middle Bollinger band) and 0.786 Fibonacci retracement (97.78), signaling a firm bearish bias.
Price action might continue to respect the descending trend, with recent candles showing rejection from the upper boundary and pointing toward a possible retest of 97.50–97.10 support levels. However, it will be crucial for prices to breach the fib level 0.786 and sustain lower.
Bollinger Bands are moderately compressed, suggesting controlled volatility, while RSI at 42 indicates weak momentum with a hidden bearish divergence (prices making lower highs and RSI making constant highs), reinforcing downside potential.
Unless the index reclaims 98.30 on strong buying, intraday traders may look for short opportunities on pullbacks, targeting 97.50 and then 97.10.
With no major data releases today, technical levels are likely to drive moves, and continued dollar weakness could support risk assets like equities and commodities, particularly gold and emerging market currencies.
XAUSUD: A large-scale buying opportunityGood morning, traders. Yesterday, I mentioned that the XAUUSD will initially decline after the Asian market opens. Our trading strategy of selling first and then buying has been effective and has shown some promising results. Gold prices hit a low of 3323 after the Asian session opened, a drop of approximately $12 per ounce. It then rebounded and is now trading at 3354. Long positions are continuing to profit. We await the target price of 3365. A new week, a new beginning. With the London session about to open, we'll have to wait and see whether it will push the XAUUSD to new heights.
Gold Longs from 3,300 (11hr demand zone)Weekly Gold Analysis
For this week, I’m watching for short-term sell opportunities down into the 12H demand zone. At the moment, price is showing momentum to the downside, so we could see a setup form in the 12H supply zone before continuation.
However, my main focus remains aligned with the long-term trend, which suggests a potential rally forming from the 11H demand zone.
I’ve also noted a trendline forming above current price — meaning the reaction from the 12H demand zone could play out sooner than expected. That said, given the imbalance below, price may first need to mitigate a supply zone before breaking structure further to the downside.
Confluences for Gold Longs:
- Higher timeframe structure remains bullish overall.
- Significant upside liquidity still needs to be taken.
- An 11H demand zone remains unmitigated.
- For price to continue higher, a retracement is necessary.
- DXY analysis aligns with this bullish outlook.
P.S. Pro-trend trades take priority — but if a sell setup forms, I’ll approach with caution, lower risk allocation, and tighter TP targets.
Swing Trading OutlookThe market trend was flat over the weekend.
The prices of Bitcoin and Ethereum rose slightly before retreating slightly. There aren't any major market fluctuations.
We're still looking forward to next week's trends. Bitcoin is still in its bottoming phase. Periodic buying is a good option. The foreign exchange and futures markets will open in Asia on Monday. I'll be focusing on Wednesday's Federal Reserve interest rate decision. This is a key data point that will determine whether the US dollar rises or falls. It also serves as an important data point for our trading products.
My approach is to continue to sell at high levels before the interest rate decision. Then, monitor market sentiment. I'll focus on GOLD/XAUUSD, the two most impactful products. Secondly, the foreign exchange market. So, the strategy is: sell first, then buy next week. The subsequent buying will be determined based on the direction after the interest rate decision.
I hope everyone enjoyed this holiday. Maintain an optimistic and positive attitude when trading at all times. Once your mindset is affected, many things will be difficult to do, not just trading. Dear traders, see you next week.
Gold Potential Bullish ContinuationAfter retracing to the approx. 3370 - 3380 zone, gold still seems to exhibit signs of overall potential Bullish momentum as the price action may form a credible Higher Low with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity.
Trade Plan:
Entry : CMP 3393
Stop Loss : 3286
TP : 3499 (Before All Time High)
Latest price increase and decrease forecastFrom a technical perspective, Thursday's daily chart showed a sharp decline, engulfing Tuesday's. Wednesday's consecutive rises marked the closing price near the middle Bollinger band. There's no definitive direction for now, and both ups and downs are possible. Therefore, the daily chart's performance is not important, but the H4 chart shows significant momentum. Currently, 3330 is a double bottom, with the closing price just above the lower Bollinger band. If a rebound occurs here, especially with strength in the afternoon, the Bollinger band will tighten and the moving averages will converge, confirming a volatile market today. If the market stabilizes above the middle Bollinger band at 3350, it can be confirmed that today is a rebound. The US market could also reach a high of 3365. Therefore, the rebound strength can be observed around the 3330 support level during the Asian and European sessions. If it breaks through 3330, gold could continue its decline to the 3310-3300 range.
Trading suggestions: If the market rebounds first, short near 3346, with a stop-loss above 3352. If the market weakens, short near 3341, with a stop-loss above 3347. If the market declines first, short below 3300, or go long near 3320, with a stop-loss below 3315. If you currently have short positions at low levels and long positions at high levels and are unsure how to proceed, please leave a message for Charlie. FX:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD FOREXCOM:GOLD VANTAGE:XAUUSD FOREXCOM:GOLD VANTAGE:XAUUSD
Profitable 10-Minute Selling of GoldBased on the analysis in the previous article regarding the decline in gold prices, investors who followed the sell trend certainly made some profit. The drop was approximately $10 per ounce, and since it's Friday, this profit is quite positive. Market volatility is expected to be minimal as the market nears its closing. If you're serious about trading, consider buying at a low price.
Gold fluctuates, waiting for an effective breakthroughThe MACD is below the zero axis and has already diverged from the bottom, indicating it's poised for a short-term rebound. Each short-term rebound followed a similar pattern to the current MACD. It simply diverges once, twice, or even three times before a sudden surge. Therefore, as long as the price falls below 3330 and then declines again, it's a good opportunity to ambush and buy from a low position. This could also be the next short-term low. Over the past four months of consolidation, the lows have clearly been gradually moving higher, and the end of the converging triangle has been gradually narrowing. One day, a major unilateral breakout will occur. Patiently wait for a return to the bullish trend.
Pay attention to the channel trend resistance line 3358-60. This position is actually the oscillation center axis point of 3330-3380. If the rebound is under pressure here, you can buy on highs and then fall back; once the hourly line closes positive and effectively stands on this position, give up the bearish view; and the low bullish position focuses on the 618 division, the previous top and bottom conversion, the lower track of the channel, etc.; as long as you dare to pull it down, you must dare to be bullish when a stabilizing K appears. The lower the effect, the better, because the lower it is, the more aggravated the divergence effect. FOREXCOM:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD ACTIVTRADES:GOLD EIGHTCAP:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD
XAUUSD Potential Long OpportunityXAUUSD is currently in a bearish trend and is approaching the support level at $3332 which is the Asian lows for the day. Expecting a bounce form this level towards the Asian highs at $3349 which is just below the major pivot level of $3351.
Price is still trading below all 3 moving averages and in the in the bearish region of the RSI thus it is a pullback trade.
Not sure if Gold has enough momentum to break pass the pivot level at $3351 especially with the bearish momentum we are seeing, thus looking to take an intraday long trade and ride the wave to the Asian High before reevaluating my position.
Gold prices remain volatile, waiting for direction selectionGold prices (XAU/USD) rebounded modestly during Friday's Asian trading session, recouping some of the previous day's losses, but bullish momentum was limited. The dollar's previous rally, buoyed by strong US Producer Price Index (PPI) data, lacked sustainability. Investors widely expect the Federal Reserve to resume its interest rate cut cycle in September, supporting gold.
According to data released by the US Bureau of Labor Statistics, the PPI grew 3.3% year-on-year in July, exceeding market expectations of 2.5% and significantly higher than June's 2.4%. Despite this, the CME FedWatch tool shows a 90% probability that the Fed will cut interest rates by 25 basis points in September, with a cumulative 50 basis points cut expected by year-end.
Furthermore, market sentiment was supported by multiple positive factors, including easing trade concerns between the US and Asia and the potential for a ceasefire in the Ukrainian conflict following the US-Russia summit. These factors have boosted global risk appetite and limited further gains for gold as a safe-haven asset.
Analysts point out that amidst a rebound in risk appetite, gold's short-term performance may hinge on upcoming data releases such as US retail sales, the New York Fed manufacturing index, and the University of Michigan's consumer confidence index. These indicators could influence the US dollar and, indirectly, gold prices.
Daily chart analysis shows that gold prices are encountering significant resistance near the 100-hour moving average (around $3,355). Multiple rebounds have failed to break through this level, indicating that short-term selling pressure remains significant.
If prices break through this level, they could test the $3,375 and $3,400 levels. However, a break below $3,330 support could trigger an accelerated decline, potentially targeting $3,300 or even lower. Technical indicators show weak daily volatility, and the short-term trend remains downward.
The current rebound in gold is more of a technical correction than a trend reversal. Amidst a lack of sustained US dollar buying and lingering expectations of a Fed rate cut, gold prices are likely to remain range-bound in the short term.
However, if market risk sentiment further heats up, gold's safe-haven properties may continue to weaken. We need to pay attention to the effectiveness of the $3,330 support. Once it is lost, the downside space will open up quickly. FOREXCOM:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD FOREXCOM:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD ICMARKETS:XAUUSD ACTIVTRADES:GOLD
The gold market is still stuck in a solid accumulation patternWorld gold prices fell after the US's key inflation report released results that were much higher than expected.
The US producer price index (PPI) in July increased by 0.9% compared to the previous month, much higher than the flat level in June and far exceeding the forecast of 0.2%. This is the strongest increase since June 2022.
This report reinforces the view of the "hawks" in US monetary policy, who do not want the US Federal Reserve (FED) to cut interest rates soon. Compared to the same period last year, the total PPI increased by 3.3% - the highest level in 5 months and exceeded the forecast of 2.5%. Core PPI (excluding food and energy) also increased by 0.9%, higher than the forecast of 0.2%.
On a year-on-year basis, the core PPI increased by 3.7% compared to the previous 2.6%. Hotter-than-expected PPI data in July only slightly reduced the chances of a 25 basis point Fed rate cut in September, but all but eliminated the possibility of a 50 basis point cut that a few investors had previously expected.
GOLD - XAUUSD - opportunity arise! let's goTeam, we have been blessed with a very successful trade with gold. Unfortunately I do not trade often until i find good opportunity
Here is the strategy to enter LONG gold
Current Price Zone: 3337–3339
• SL: 3328 as discussed earlier
If Price Hits 3344 (first breakout)
• Move SL to 3335 → Protects the bulk of gains while keeping room for a push to 3354.
• If Price Hits 3354 (next resistance)
• Move SL to 3344 → Secures profit from the breakout zone in case of a quick pullback.
If Price Hits 3365–3370
• Move SL to 3354 → This will lock in solid gains and let you ride in case gold aims for 3380+.
Gold Holds Around $3,350 After Volatile Swings📊 Market Overview:
Gold is currently steady around $3,350/oz after intraday moves between $3,341 and $3,375, according to Investing.com. Reuters reports spot gold near $3,357.65/oz, supported by expectations of Fed rate cuts and a softer USD.
📉 Technical Analysis:
• Key Resistance: $3,400
• Nearest Support: $3,341 – $3,342
• EMA 09: Price is hovering near the 9-day EMA, showing a short-term neutral bias.
• Candlestick / Volume / Momentum: Small-bodied candles with long wicks indicate market indecision, awaiting clear macroeconomic cues.
📌 Outlook:
Gold may range sideways around $3,350 in the short term unless new economic data triggers strong movement. A weaker dollar or stronger rate-cut expectations could lift prices toward $3,360–$3,400, while renewed USD strength may pressure gold down to $3,340 or lower.
💡 Suggested Trading Strategy:
SELL XAU/USD: $3,362 – $3,365
🎯 TP: 40/80/200 pips
❌ SL: $3,368
BUY XAU/USD: $3,340 – $3,343
🎯 TP: $3,360
❌ SL: $3,337
Gold consolidates at 3355, NY falls back to keep low and long#XAUUSD
Gold surged and then retreated during the day,🚀 reaching a high near 3374 and a low near 3341. It is currently consolidating around 3355. 📊
From a medium-term perspective, the previous upward trend of gold has not been completely broken, 📈but from the 2-hour chart, the MACD indicator shows signs of forming a death cross, adding a hint of uncertainty to the market. 🎲
In the short term, gold has repeatedly tested the 3365-3375 range but has not yet been able to break through. This resistance range can be considered as a temporary resistance level.🐻
The current PPI data is significantly bearish, and the DXY technical indicator is expected to form a golden cross. A stronger US dollar may put some pressure on gold. 📉However, gold has repeatedly tested the 3340-3330 support level without breaking, demonstrating that this support level has some resilience. 🐂If the support level of 3340-3330 is touched during the NY period and is not broken, you can consider going long with a light position,📈 but be sure to set a SL.⚖️
🚀 BUY 3340-3330
🚀 TP 3355-3365
Gold Extends Rally as Rate-Cut Expectations Rise📊 Market Overview:
Gold prices extended gains for the third consecutive session, supported by rising expectations that the US Federal Reserve will cut interest rates in September, following softer US inflation data and a weaker US dollar.
📉 Technical Analysis:
• Key Resistance: $3,400 / $3,435
• Nearest Support: $3,358–$3,360 / $3,345
• EMA: Price is trading above EMA50 → bullish short-term signal.
• Candle / Volume / Momentum: Forming an ascending triangle pattern with positive momentum, suggesting potential for further upside.
📌 Outlook:
Gold may continue to rise in the short term if it breaks and sustains above $3,400. A drop below $3,360 could trigger a pullback toward $3,3345.
💡 Trade Strategy Suggestions:
🔻 SELL XAU/USD: $3,400–$3,403
🎯 TP: 40/80/200 PIPS
🛑 SL: $3,406
🔺 BUY XAU/USD : $3,350–$3,353
🎯 TP: 40/80/200 PIPS
🛑 SL: $3,347
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.