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.
Goldlong
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.
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!
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.
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?
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
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.
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
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
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!
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.
Gold 15-Min Breakout: Eyes on M30 Supply Zone & FVG RetestPrice is currently approaching a key M30 Supply Zone after a strong bullish impulse from the ascending trendline support.
🔹 Key Observations:
The price broke above a previous short-term resistance zone and is now retesting the Fair Value Gap (FVG) area marked in pink.
The 200 EMA acted as dynamic support, further fueling bullish momentum.
Structure shows a series of higher lows, confirming buyers in control on intraday timeframes.
🔹 Potential Scenarios:
✅ Bullish Continuation:
If the price respects the FVG as demand and forms bullish confirmation, continuation toward the M30 Supply Zone and the 3,399–3,400 region is likely.
⚠️ Pullback Risk:
A deeper retracement below FVG could retest the trendline or the 3,371 support near the 200 EMA before any further upside.
🔹 Trade Plan:
Watching for price action reaction inside the FVG. A clean rejection could offer entries targeting the upper supply zone.
Gold May Pull Back Ahead of Fed Decision📊 Market Dynamics:
Spot gold is trading around $3,376.69/oz, down approximately 0.1%, as the US dollar strengthens and investors await Federal Reserve appointments, with continued rate-cut expectations for September
📉 Technical Analysis
• Key Resistance: ~$3,400 (analysts expect a test around this level)
• Nearest Support: ~$3,370 (near current trading range)
• EMA 09 (assumed): Price below EMA 09 → suggests short term bearish or consolidating momentum.
• Candlestick / Volume / Momentum: Mild selling pressure as USD gains, creating short term resistance for gold.
📌 Outlook:
Gold may experience a mild pullback or trade sideways in the short term if the dollar remains firm and no new catalysts strengthen rate cut expectations.
💡 Suggested Trading Strategy:
SELL XAU/USD : ~$3,395–3,398
o TP: 40/80/200 PIPS
o SL: ~$3,401
BUY XAU/USD : ~$3,365–3,370
o TP: 40/80/200 PIPS
o SL: ~$3,360
Gold Technical Analysis - Bullish Momentum or Pullback Ahead?Gold (XAU/USD) is trading around $3,371, showing a bullish bias within an ascending channel. Price is consolidating below key resistance at $3,384, and a breakout above this level could lead to a rally toward $3,400–$3,429. On the downside, support lies at $3,340 and $3,312; a break below these could trigger a deeper pullback toward $3,268. The trend remains bullish above $3,340, with buy interest expected on dips, while a confirmed breakdown below $3,268 would shift momentum in favor of bears.
🔑 Key Levels to Watch:
- Resistance: $3,384 → $3,396 → $3,429
- Support: $3,360 → $3,340 → $3,320
📈 Potential Scenarios:
- Bullish: If gold holds above $3,340 and breaks above $3,384, it may rally toward $3,400–$3,429, with potential to reach $3,450+. This keeps the uptrend intact.
- Bearish: If rejected from $3,384, gold could dip to $3,340–$3,312 for a healthy correction before possibly bouncing again. Trend remains bullish unless lower supports break.
📊 Trend Outlook:
- Short-Term Trend: Bullish while inside or above the rising channel
- Medium-Term Trend: Neutral to Bullish; watch for breakout confirmation above $3,384
- Momentum: Consolidating, with potential for a breakout after current sideways structure
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!
Gold Trend Analysis August 7, 2025Market Overview
- Gold prices rose slightly in the first trading session of the week due to geopolitical concerns in the Middle East and weak US employment data
- However, selling pressure returned in the early morning today as the USD recovered and US bond yields rose slightly again
- The market is waiting for the speech of the Fed officials later today, which is expected to be hawkish
Factors that pressured gold down
- DXY index rose again, putting pressure on gold prices, which are priced in USD
- US 10-year bond yields increased
- FED said it was not in a hurry to cut interest rates
- Money flows shifted to stocks
Gold Price Trend Analysis and Trading Guidance (Exclusive)📣📣📣A technical analysis of gold's recent performance reveals that it has formed a four-day winning streak, demonstrating the strength of the upward trend and indicating that short-term upside potential has not yet been exhausted. Of note, the upper Bollinger Band at 3430 on the daily chart is acting as a key resistance level, and this level is likely to be tested this week. However, when it comes to a sharp rise in the market, there is no clear signal at present. We need to wait for the opening pattern of the daily Bollinger band to be confirmed before we can open up a new round of upward space.🧐🧐🧐🤔🤔🤔
Switching to the H4 cycle for observation, the unilateral upward trend continues to consolidate, the moving average system shows a perfect upward divergent arrangement, the Bollinger Bands simultaneously maintain an open state, and a short-term high pressure is formed near the upper rail of 3415. Based on this, the bullish logic for gold remains unchanged on Wednesday, with the intraday high range likely to be between 3415 and 3430. There's no need to overestimate whether the price will break through previous highs at this point, and trading strategies should be adjusted dynamically based on real-time market performance. From a short-term perspective, intraday support should focus on two key levels: 3360 and 3350.
👊👊👊On the operational level, it is recommended to adopt a strategy of placing long orders in batches when the price falls back to the 3365-3360 range, relying on the support level to seize the opportunity of trend continuation.⭐️⭐️⭐️
⚠️⚠️⚠️The market is risky, so participate rationally. If you need real-time trading references and trading advice, please leave a message to Charlie.🛫🛫🛫 FOREXCOM:XAUUSD VELOCITY:GOLD PEPPERSTONE:XAUUSD CMCMARKETS:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD FXOPEN:XAUUSD
Gold May Correct Short-TermMarket Overview:
• Gold trading around $3,366–3,371 USD/oz, easing from two-week highs.
• Pressure from firmer US yields and USD recovery.
• Weak US jobs data boosted Fed rate cut expectations to ~90%.
• Still supported by global economic/political uncertainties and safe haven demand.
Technical Analysis:
• Resistance: ~$3,385–3,390, near psychological $3,400.
• Support: ~$3,345–3,350; break could target ~$3,310.
• Trading above EMA50, EMA9 direction still bullish short-term.
• RSI and MACD momentum fading; July monthly candle formed bearish “shooting star” near $3,431—invalidated only if price closes above that level.
Outlook
Gold may dip if USD and yields recover; but may rally if macro data deteriorate further. The $3,385–3,390 zone is pivotal.
Trading Strategy:
• Sell 3,392–3,395
TP ~40/80/200 pips
SL ~3,397
• Buy 3,345–3,348
TP ~40/80/200 pips
SL ~3,342
The bullish outlook remains unchanged, go long with the trend!Yesterday, the gold bulls refreshed the high point, and the daily line closed in the form of a medium-sized Yang line with a long lower shadow. The idea of continuing to be bullish in the short term remains unchanged, and what needs to be paid attention to is the strength of the retracement, which is similar to yesterday. The current support below is maintained at the 3355-3350 line of yesterday's rise. This position is also today's key support level, and the key suppression point above is maintained at the integer level of 3390-3400. This position may not be the end point. It was also mentioned yesterday that under the range of the previous large range of fluctuations, if either side does not break through, it will likely continue to fall into fluctuations. The current bullish trend is still relatively obvious, so we still maintain the idea of low-long operations. If your current operation is not ideal, I hope I can help your investment avoid detours. Welcome to communicate!
From the 4-hour analysis, the important support below is the 3355-3350 line. If the daily level stabilizes above this position, the bullish rhythm of falling back to lows and buying on the trend will remain unchanged. Before the daily level falls below the 3350 mark, you need to be cautious about shorting against the trend. I will provide you with the specific operation strategies at the bottom, please pay attention to them in time.
Gold operation strategy: Go long on gold when it retraces to around 3360-3350, target 3375-3385 area, and continue to hold if it breaks through.
XAUUSDHello Traders! 👋
What are your thoughts on GOLD?
Gold remains trapped below the key $3,390–$3,400 resistance zone, which has rejected price multiple times in recent sessions.
A short-term pullback toward the marked support level is likely.
From that zone, we expect buyers to step in, leading to another bullish push toward the resistance, and this time, a potential breakout above the $3,400 level.
As long as the price stays above support, the bullish outlook remains intact.
A confirmed break above $3,400 could open the path toward new highs.
Don’t forget to like and share your thoughts in the comments! ❤️
The shot at the critical moment is the real trading opportunityGold bottomed out and rebounded yesterday, breaking the high slightly to touch 3390 before falling back. The daily line closed with a small bullish cross overnight, and the upward momentum has slowed down. Today it tends to fluctuate at a high level. In the 4H cycle, the Bollinger band is closing, and the overall bulls continue to run upward. The big positive line directly pulls up, which is relatively strong. The overall market is resistant to declines. Therefore, the big cycle does not expect a big drop for the time being, but the short-term trend fails to continue further. It is safe to maintain a pullback and go long. Pay attention to the support below 3365-3350. Go long after it stabilizes. First look at yesterday's high of 3390. If it breaks, there is a probability of going to 3400 or even around 3415, but be careful of a high rush and fall.
Gold Price Setup – Potential Rejection & Long ScenariosPrice is currently consolidating below the H4 Supply Zone after rejecting the ascending trendline twice.
Two key scenarios are in focus:
✅ Scenario 1 – Deeper Pullback to Demand Zone
A retracement into the 1H + 30M Order Block (OB) and liquidity zone near 3,341–3,355 (marked with $$$) could attract buyers.
If bullish momentum confirms, look for a continuation toward 3,388 and possibly the upper trendline near 3,400+.
✅ Scenario 2 – Immediate Push Higher
If price holds above the moving average and fails to break below 3,355, bulls could step in earlier, driving price back to test the trendline resistance.
Breakout of the trendline could target the higher supply region.
🔍 Key Levels to Watch:
H4 Supply Zone (3,440 area) for potential reversal.
3,341 OB Zone for liquidity sweep and reaction.
Trendline Resistance capping the upside.






















