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Goldlong

Gold Continues to Attract Safe-Haven Flows📊 Market Brief Gold prices remain firm above the 20-day EMA and 50-day MA, reflecting increased safe-haven demand amid ongoing trade tensions and growing expectations of a Fed rate cut. The price is currently testing the resistance area around $3,400/oz, while immediate support lies in the $3,320–$3,330/oz range. 📉 Technical Analysis • Key Resistance: - $3,400 - Followed by: $3,420–$3,435 • Nearest Support: $3,320–$3,330 - If broken, next levels are $3,300–$3,268 • EMA Position: - Gold remains above both the 20-day EMA and 50-day MA, indicating a short-term uptrend • Patterns & Momentum: - RSI ~54 (neutral), MACD positive – indicating underlying bullish momentum - EMA 8/21 crossover is turning upward, signaling short-term bullish reversal potential 📌 Outlook Gold may continue rising modestly if it holds above the $3,320–$3,330 support zone and successfully breaches the $3,400 resistance. However, a break below $3,320 could lead to a test of $3,300 or even $3,268. 💡 Suggested Trading Strategy SELL XAU/USD : $3,395–$3,3400 o 🎯 TP: 40/80/200 pips o ❌ SL: ~$3,405 BUY XAU/USD :$3,325–$3,330 o 🎯 TP: 40/80/200 pips o ❌ SL: ~$3,320
OANDA:XAUUSDLong
by Mian-FXSignals
Ascending triangle pattern is formed✏️Gold is consolidating in a triangle pattern. This is likely an ascending triangle pattern. We can wait for strong enough buying pressure to break the upper boundary to trigger the BUY strategy. Or wait for a reaction at the lower boundary of the triangle pattern to trigger the BUY. 3365 is broken to confirm a corrective downtrend towards 3333. 📉 Key Levels Buy trigger: Breakout of the upper triangle pattern 3385 Buy trigger: Reaction of the buying candle at 3365 Target 3419 SELL Trigger Break and Retest bellow 3365 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDLong
by VHT_Trader
10
Buy gold near 3381, target 3399-3438Gold Market Analysis: Gold's daily chart shows, as we previously discussed, a period of significant volatility within a high range. The previous non-farm payroll data and a series of other data points haven't triggered a major rally in gold. This period of volatility on the daily and weekly charts has lasted for four months. Gold needs a breakout in the future. Whether it breaks above or below, it will likely trigger a massive unilateral move. New traders fear unilateral moves, while experienced traders fear volatile trading. Large unilateral moves will likely take advantage of new traders, so it's crucial to establish stop-loss orders on each trade. In the short term, gold is currently rising in a wave structure. Yesterday, the US market reached 3408. The 3438 to 3450 range on the analysis chart is a barrier. Selling will require a major rebound here. I predict several more upward rallies today, so the short-term strategy for today is to buy low. The 4H chart of gold clearly shows a major upward and downward movement. Therefore, if it approaches the resistance range again, there's a possibility of a dip or reversal. The 1H chart reached 3370. If this level isn't broken today, we'll continue to buy. If it does, we'll adjust our strategy. We already bought at 3383 in the Asian session. Be mindful of volatile markets; wait and see, not rush into them. Gold trading in the Asian session between 3383 and 8370 presents buying opportunities. Support is at 3383-3380, with strong support at 3370. Resistance lies at 3408 and 3438, with 3383 being the dividing line between strength and weakness. Fundamental Analysis: The tariff war has been the most significant fundamental factor impacting gold recently, but it will support it in the long term. This surge in gold prices is driven by Trump's renewed efforts, and the Federal Reserve's future monetary policy remains a key focus. Trading Strategy: Buy gold near 3381, target 3399-3438
OANDA:XAUUSDLong
by NicolaZhu
Gold continues to rise! Gold prices hit a two-week high!Market News: In early Asian trading on Friday (August 8), London gold prices surged to $3,408, reaching a more than two-week high since July 23. Intensified global trade tensions and growing expectations of a September Federal Reserve rate cut have fueled risk aversion and demand for precious metals, providing strong support for spot gold. Geopolitical uncertainty has also fueled the rise in international gold prices. This recent rally in gold was primarily driven by Trump's renewed tariff campaign. Trump has officially imposed tariffs on goods from nearly 200 countries, with rates ranging from 10% to 50%. Meanwhile, signs of a slowing US economy are reinforcing market expectations of a shift to easing policy by the Federal Reserve. Gold's role as a safe-haven and inflation-fighting asset has been further strengthened. While there may be short-term technical correction risks, the overall market remains strong. Looking ahead, three major catalysts require close attention: potential fluctuations in policy expectations triggered by the Federal Reserve Chairperson's nomination hearing on August 21st, the specific implementation of retaliatory tariffs against the US by India and other countries, and potential energy market volatility following the Putin-Trump summit. Until these variables become clear, gold's price fluctuations around the $3,400 mark may become the new normal, but each pullback is likely to attract more safe-haven funds. Technical Analysis: Gold's technical outlook suggests a continued trend-buying structure, with the price fluctuating upward to reach a new monthly high of $3,409. The daily chart closed with a bullish cannonball pattern of two positives and one negative, maintaining a strong buy structure on both the daily and weekly charts. The RSI indicator is pointing upward above its mid-axis, while the 10-day and 7-day moving averages are opening upward, with the price converging within the upper middle Bollinger Bands. The Bollinger Bands on the short-term hourly and four-hour charts are also opening upward, with the price converging within the upper middle Bollinger Bands. The moving average system has formed a golden cross, with the price on the four-hour chart gradually moving upward from the low of the 10-day moving average. Gold continued to favor buying low during Friday's pullback, with resistance at key new highs supporting selling high. In the short term, there will still be some volatility, so we recommend avoiding buying high and selling low. A light position can be entered near support levels. Looking at the hourly chart, if it holds above 3385, it could head towards 3390 or even 3400. Strong resistance above remains near 3416. Current support is 3360, with volatility expected if it remains below. A break below could see yesterday's low of 3358 or even 3350. Strong support below is near 3330. Trading strategy: Short-term gold: Buy at 3367-3370, stop loss at 3359, target at 3390-3410; Short-term gold: Sell at 3416-3419, stop loss at 3428, target at 3390-3370; Key points: First support level: 3370, second support level: 3358, third support level: 3345 First resistance level: 3400, second resistance level: 3416, third resistance level: 3428
OANDA:XAUUSDLong
by NicolaZhu
XAU/USD(20250808) Today's AnalysisMarket News: ① Trump nominated Stephen Milan, Chairman of the White House Council of Economic Advisers, to serve on the Federal Reserve Board, with a term ending January 31, 2026. ② Waller is reportedly a leading candidate for the next Fed Chair. ③ U.S. Treasury Secretary Bensont stated that the interview process for the Fed Chair has begun. ④ Bostic stated that the July jobs report did change the Fed's outlook on its employment goals. Technical Analysis: Today's Buy/Sell Levels: 3387 Support and Resistance Levels: 3423 3410 3401 3373 3364 3351 Trading Strategy: If the price breaks above 3401, consider a buy entry, with the first target price at 3410. If the price breaks below 3387, consider a sell entry, with the first target price at 3373.
OANDA:XAUUSDLong
by NicolaZhu
GOLD: Bullish Shift ConfirmedBullish BOS, price is trading above 3360. Clean bullish choch formed creating a new HH. Look to buy... (H4) ✅ New HL formed around 3280 and we now have a break above $3355 and $3360 = BOS confirmed. 🟢 Key Zone: 3322–3337 (H1) ✅ BOS above 3360 confirms bullish bias ✅ Key Zone: 3322–3337 (Use this zone to set a limit or watch for confirmation) Retracement expected before continuation. (M15) 👀 What to Watch: If price opens lower and taps into 3330s, monitor for: ✅ Sweep of intraday lows ✅ M15 bullish BOS above 3348–3350 🔁 Entry on retest of new demand zone after BOS ❌ Invalidation: Break and close below 3305 Other Scenario: No Pullback — Buy Breakout Instead If price opens strong and continues up from the 3360s, wait for: ✅ Bullish Break of Structure (BOS) Above: 3385 This is your confirmation level that buyers are still in control
FOREXCOM:XAUUSDLong
by Dynamic-Dani
Analysis of subsequent gold price trends!Market News: In early Asian trading on Thursday (August 7), spot gold prices fluctuated within a narrow range, currently trading around the 3,370 mark. International gold prices retreated slightly from a two-week high, primarily due to profit-taking by some investors, but the overall pullback was mild, indicating that bullish sentiment remained strong. The market is focused on US President Trump's upcoming announcement of his Federal Reserve nominee, a development that could profoundly impact the future path of interest rates and have a medium- to long-term impact on gold prices. Currently, while London gold prices have retreated slightly due to technical adjustments, the overall bullish structure remains intact. At the macro level, factors such as the slowdown in US service sector expansion, a cooling job market, rising business costs, and tariff uncertainty are compounding the market's heightened vigilance against stagflation and policy miscalculations. Furthermore, attention will be focused on changes in US initial jobless claims, the Bank of England's interest rate decision, and speeches by Federal Reserve officials. Technical Analysis: Gold prices fluctuated back and forth throughout the day. The US dollar index is declining significantly, suggesting a buy signal on the daily and weekly charts for gold. The 10/7-day moving averages are forming a golden cross and rising, the RSI indicator remains above the central axis, and the price is trading within the upper middle Bollinger Band. The Bollinger Bands on the four-hour chart are opening upwards, the moving averages are consolidating around the 70 mark, and the RSI indicator is trading above the central axis. With the US dollar's sharp decline and weakening, the key strategy for gold trading remains to buy at low prices. Don't chase highs when bullish on gold; wait for a pullback to buy. Don't speculate on the top of the rally; trade wherever the price can reach. Technically, gold has seen four consecutive days of gains on the daily chart, demonstrating strong trend strength. The upside is near the upper Bollinger Band of 3430. This price may be tested this week. A significant rally is not yet evident until the daily Bollinger Bands open up. Whether a significant rally will break through the previous high is not a matter of speculation; trade accordingly. Focus on two support levels within the short-term cycle: 3358 and 3350. After the Asian and European sessions conclude, consider placing effective buy orders based on actual conditions. We anticipate the upward trend will continue during the US session. Trading Strategy: Short-term gold buy at 3365-3368, stop loss at 3356, target at 3380-3400; Short-term gold sell at 3387-3390, stop loss at 3398, target at 3360-3370; Key Points: First Support Level: 3365, Second Support Level: 3358, Third Support Level: 3343 First Resistance Level: 3390, Second Resistance Level: 3408, Third Resistance Level: 3420
OANDA:XAUUSDLong
by NicolaZhu
Gold Price Analysis August 7XAUUSD – Consolidating in a triangle pattern, waiting for an explosion point Gold is currently consolidating in a triangle pattern, with the structure leaning towards the possibility of forming an ascending triangle – a sign that buying pressure is quietly increasing. The market is waiting for a push to break out of this narrow range. Recommended trading strategy: BUY on a break of the resistance zone at 3385: If the price breaks above the upper boundary of the triangle pattern, especially the 3385 mark, this will be a signal confirming the continued bullish momentum. Target is towards the 3419 area. BUY around the support at 3365: If the price does not break the boundary but corrects to the 3365 area and a candlestick signal confirms buying pressure, this will be an opportunity to enter an order following the bullish wave. SELL when price breaks and retests the 3365 zone: If price breaks through 3365 and retests unsuccessfully, a corrective trend will be triggered with a target towards the 3333 zone.
OANDA:XAUUSDLong
by TVS-Trader
Bullish Shift in Gold Breakout in Sight?The gold market has recently confirmed a Market Structure Shift (MSS), signaling a bullish transition in the current trend. Price action is currently moving upward but has entered a key engulfing sell zone, where sellers have previously shown strong interest. The market is now testing a significant resistance level around 3385, which has temporarily capped further upside momentum. If a decisive candlestick closes above the 3385 resistance zone, it could confirm bullish strength and open the door for a potential continuation to the upside. In such a scenario, a retest of the broken level may provide a high-probability entry point for further bullish targets, as the market aims to sweep higher liquidity levels. As always, Do Your Own Research (DYOR) before making any trading decisions. Market conditions can shift rapidly, and risk management remains essential.
OANDA:XAUUSDLong
by TradeCraft_FX
The triangle pattern is about to break through and hit 3400#XAUUSD Although the price of gold was too high last night due to the rise in risk aversion, the upward momentum weakened significantly in the evening, and it fluctuated sideways at a high level. Gold is currently consolidating within a triangle pattern, with a short-term price increase reaching the triangle's boundary. A break above 3385 could lead to significant intraday gains. Meanwhile, the downside is defending short-term support at 3365. As long as this support level remains intact, the bullish trend remains intact. If the European session gives an opportunity to fall back to the 3375-3365 support area without breaking, you can consider going long and look at 3395-3405, and if it breaks, look at 3415.
OANDA:XAUUSDLong
by Halson_Winston
2
Gold (XAUUSD) – 4H Price is currently consolidating near the 3373 level, showing strength above the dynamic support zone and mid-range trend bands. A bullish breakout continuation appears likely, especially if the asset holds the 3360 support zone, which aligns closely with the 38.2% Fibonacci retracement from the recent impulsive move. Ideal Entry: Zone: 3360–3365, aligning with a pullback to the Fibonacci 38.2% retracement level and mid-band support. Invalidation: A clean break and close below 3335 may suggest a deeper retracement or reversal. 🎯 Fibonacci based Targets: Target 1: 3389 – Immediate resistance and equilibrium level; ideal for partial profit booking. Target 2: 3422 (38.2% Fib extension) – A stronger extension target in line with the recent highs. Target 3: 3443 (61.8% Fib extension) – Key swing extension; potential exhaustion or reversal zone. Stop Loss: Below 3335 As long as price maintains above 3360, the bullish momentum remains valid. Look for bullish candlestick confirmation at entry and increasing volume for confirmation of a move toward the Fibonacci targets.
OANDA:XAUUSDLong
by VisionaryInsights
Gold trading rhythm is perfectly matchedIn the previous strategy, we recommended maintaining a high-selling and buying-low strategy for gold. We accurately predicted the high point near 3397 and arranged short positions near 3395. It then fell steadily to around 3371. Judging from the current gold trend, gold rose and then fell in the European session, touching around 3397, which is exactly the pressure level of the upward channel trend line. The Bollinger Bands in the 4H cycle closed, and the indicators temporarily showed signs of differentiation, but the overall market was resistant to declines at high levels. The current short-term support is around 3375-3370. If it does not break the short-term, it will still be volatile. If it falls below, the strong support of 3360 will be seen. The upper pressure levels are 3385, 3398-3400. In terms of operation, we still maintain a high-altitude, low-multiple short-term strategy. I will give the specific operation ideas at the bottom, remember to pay attention in time!
OANDA:XAUUSDLong
by Trade-Daniel
2
Possible long positions with levels for XAUUSD-Gold Entry: $3,381.000 Take Profit: $3,396.589 Stop Loss: $3,370.024 Current Status & Outlook: The current candlestick formation on the 15-minute timeframe is bullish, suggesting momentum is building towards the Take Profit target. This idea is based on the premise that the bulls will continue to drive the price to test the recent high. Disclaimer This analysis is for educational and informational purposes only and does not constitute financial advice. The provided trade idea is based on technical analysis and historical price action, and past performance is not indicative of future results. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. You could lose some or all of your initial investment. Seek advice from an independent financial advisor if you have any doubts. Any action you take upon the information on this chart and analysis is strictly at your own risk.
OANDA:XAUUSDLong
by passiveexplorer
2
Gold short – Head and Shoulders Setting Up on 15min?There’s a potential head and shoulders pattern forming on the 15-minute chart. 📌 What I’m watching for: A 15min candle close back inside the neckline range Lower volume on the right shoulder vs. the left (to confirm weakening momentum) 🧠 Trade Idea (Short bias) 🎯 Entry: 3380.9 ❌ Stop Loss: 3388.0 ✅ Take Profit 1 (50%): 3358.9 ✅ Take Profit 2 (50%): 3346.3 ⚖️ Risk/Reward: 3.8R This setup lines up with my trading method that focuses on structure, volume, and clean risk/reward. 🤔 What are your thoughts on gold today? Are we about to roll over — or will bulls push through resistance?
PEPPERSTONE:XAUUSDShort
by GTradingMethod
2
Hidden secrets amidst gold volatility 💡Message Strategy The current gold price is primarily supported by the following fundamental factors: First, US President Trump signed an executive order imposing an additional 25% tariff on Indian imports, bringing the cumulative tariff rate to 50%. Meanwhile, the market expects Japanese goods to face an additional 15% tariff. This series of policies has fueled concerns about global economic uncertainty, significantly increasing market demand for safe-haven assets and benefiting gold. Second, recent weak US economic data, including last Friday's weaker-than-expected non-farm payroll data and Tuesday's subdued ISM services PMI, have reinforced expectations of a Federal Reserve rate cut this year. Furthermore, the US dollar has remained under pressure, weakening against major currencies to a more than one-week low. Since gold is priced in US dollars, a weaker dollar has increased purchasing power in non-US markets, indirectly pushing up gold prices. Despite the overall optimistic tone in the equity market, the upward trend in risky assets has not dampened gold's momentum, indicating that market sentiment has not yet returned to a risk-on, and gold continues to serve as a core safe-haven asset. 📊Technical aspects Looking at the two-hour chart, gold prices have been trading in a volatile consolidation pattern since rebounding from a low of $2,955. They are currently trading above the middle Bollinger Band ($3,340) and approaching the upper Bollinger Band ($3,430). The Bollinger Bands are showing signs of convergence, indicating a temporary contraction in volatility, which could be a precursor to a potential breakout. A subsequent breakout above the upper Bollinger Band on larger volume would signal a "Bollinger Band squeeze + breakout" pattern, potentially testing the previous high of $3,430. If gold breaks through the 3440 line with strength, then gold will continue to challenge the 3500 integer mark. 💰Strategy Package Long Position:3365-3375，SL:3350，Target: 3400-3430
TVC:GOLDLong
by TheodoreSilas
Strike with precision and win in the gold trading market!Gold continues to fluctuate in an upward structure, with lows gradually rising, showing that the bulls are still in a dominant position. The current key support has moved up to the 3360 line. Before this position is effectively broken, the overall idea is to maintain a low-long strategy. It should be noted that the current market has been consolidating at a high level for three consecutive days, and has the basis for further strengthening. It is not advisable to wait for a sharp pullback at this time, but to pay attention to the continuity opportunities of direct pull-ups. It is recommended to seize the strong continuation opportunities in the current period in terms of operations, and strategically postpone it to the European and American trading sessions for simultaneous execution. Specifically pay attention to the long order layout opportunities in the support area of 3375-3360, and the upper resistance is around 3390-3405. Overall, we should flexibly participate in the high-altitude and low-long rhythm in this range. It is recommended to wait and see in the middle position, chase orders cautiously, and wait patiently for key points to enter the market.
OANDA:XAUUSDLong
by Trade-Daniel
Will Gold Make a New High Amid Prospect of Sep Fed Rate Cut?Fundamental approach: - Gold gained this week, supported by renewed trade tensions following new US tariffs on major partners and rising expectations of a Fed rate cut in Sep. - Safe-haven demand strengthened after weak US NFP data heightened concerns about economic growth and reinforced market bets on monetary easing, while US President Trump's tariff announcements drove risk aversion. - Comments from Fed officials signaled openness to policy adjustments, keeping investors focused on future rate moves even as the US dollar softened and global equities stabilized. - XAUUSD could remain resilient if upcoming US labor and inflation data continue to disappoint. Technical approach: - XAUUSD fluctuates within a broad range. The price is forming a big Triangle Formation, awaiting an apparent breakout to determine the next movement. - If XAUUSD breaches above the Triangle Pattern and the resistance at 3433, the price may continue to advance with the measured target at 3600. - On the contrary, closing below support at 3560 may prompt XAUUSD to continue range-bound movement by retesting support at 3273. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
ICMARKETS:XAUUSDLong
by DatTong
The bullish trend remains unchanged, seize the opportunityAfter today's opening, gold continued the bullish trend of yesterday. Judging from the daily line, gold has continued to rise, and it may only be a matter of time before it reaches a higher level. Judging from the 4H chart, the technical indicators are dead cross and shrinking, and the flexible indicators are repairing upward. The short-term middle track support is around 3372, and the upper side pays attention to the short-term pressure of 3395-3405. If the European session fails to effectively break through the short-term resistance, it will give the opportunity to test the 3380-3370 support again. If it is not broken, you can consider continuing to go long. OANDA:XAUUSD
OANDA:XAUUSDLong
by HuntingWolves
Gold Technical Analysis - Testing Key ResistanceGold has been showing a short-term bullish momentum after bouncing from the 3285 support zone, forming an ascending channel visible on the chart. The price is currently trading near 3361, close to the upper boundary of the channel and a key horizontal resistance level at 3365–3370. If the bullish momentum continues and price breaks above 3365–3370, we could see further upside toward 3396 and potentially 3400+. However, a failure to hold above this level could trigger a short-term retracement toward 3335–3325 support. 📈 Potential Scenarios: - Bullish: If price sustains above $3,365, we could see an upside push toward $3,396 and possibly higher to $3,410 resistance. - Bearish: A rejection near the channel top or $3,365 may lead to a pullback toward $3,325 (Fib 0.5) and then $3,285 support. 🔑 Key levels to watch: - Upside: $3,365 → $3,396 → $3,410 - Downside: $3,335 → $3,325 → $3,285 - Trend Bias: Short-term bullish as long as price stays above 3325 Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XAUUSDLong
by SibiSh
XAUUSD rises due to tariff wars and weak economic dataXAUUSD rises due to tariff wars and weak economic data Gold climbed to 3,380.00 level on August 7, hitting a two-week high, as renewed U.S. tariff threats and expectations of Federal Reserve rate cuts in September and December boosted its appeal. President Trump announced 100% tariffs on imported semiconductors (excluding U.S.-made), 25% on Indian imports, and 50% on select Brazilian goods. Additionally, Weak U.S. economic data and a cooling labor market further support gold’s rise. Technically, price has formed the Pennant chart pattern right below the local resistance of 3,380.00. Further breakout of the level and ascending towards 3,440.00 level is expected in short-term.
SAXO:XAUUSDLong
by ProfessorSingapore