Gold 1979 vs 2025 — When History Whispers and Markets Listen
🌕 1. The Echo of 1979
In 1979, the world watched Gold do the impossible. The metal surged from $226 to over $850 per ounce in less than a year, a 275% explosion that turned fear into fortune.
The triggers were seismic.
🇮🇷 The Iranian Revolution disrupted global oil flows.
🏛️ The U.S. Embassy hostage crisis fueled geopolitical panic.
⚔️ The Soviet invasion of Afghanistan reignited Cold War fears.
💸 And double-digit inflation in the U.S. shredded faith in the dollar.
By early 1980, panic replaced logic. Every newspaper screamed, “Buy Gold before it’s too late!” Then came Paul Volcker’s shock therapy as interest rates jumped above 15% and COMEX doubled margin requirements. Within eight weeks, Gold fell more than 40%, marking the end of one of the most dramatic speculative manias in modern history.
🔁 2. Fast-Forward to 2025: The Parallels Are Uncanny
The world of 2025 looks hauntingly similar.
🕰️ 1979 🔮 2025
Iranian Revolution and Cold War tensions Gaza war, U.S.–China decoupling, and regional instability
Oil shock and inflation Energy disruptions and persistent post-pandemic inflation
Dollar under pressure Record U.S. debt and fiscal erosion
Panic buying of Gold Central bank accumulation and retail FOMO
Fed under Volcker turns hawkish Fed under Powell trapped between cuts and control
By late August 2025, gold sat quietly near $3,415, then erupted into a seven-week vertical rally above $4,300, a mirror image of 1979’s euphoric climb. But just like back then, euphoria was the prelude to exhaustion.
⚠️ 3. The Anatomy of the Current Crash
On October 17, 2025, Gold plunged $250 in one day, a shocking 5–6% drop that broke its parabolic structure and sent fear rippling across markets.
What triggered it?
🏦 A hawkish shift in the Federal Reserve’s language as officials hinted rate cuts might be delayed.
💰 Real yields surged, breaking the inverse correlation that had fueled gold’s climb.
🏛️ Institutional profit-taking hit record levels, confirmed by rising COMEX open interest and volume.
🗞️ Sentiment flipped overnight as headlines shifted from “Gold to $5000” to “Gold crashes $250.”
The move marked the first true break of structure (CHoCH) since the rally began, historically the signal that smart money is quietly exiting.
🔍 4. Lessons from 1980 — The Signs of a Top
Before gold crashed in 1980, five clear warning signs appeared.
⚙️ 1979–1980 Signal 💡 2025 Equivalent 🧭 Status
Fed turns hawkish Powell signals “pause / higher for longer” ⚠️ Emerging
Rising bond yields vs. flat Gold Real yield divergence ✅ Confirmed
Parabolic candles Daily range above $100 ✅ Seen
Media frenzy “Gold to $5000” hype ✅ Seen
Margin hikes and record OI Record COMEX participation ⚠️ Rising
Four out of five signals are already flashing. History teaches that when everyone believes Gold can only rise, it’s often about to fall.
🧭 5. What Smart Traders Should Do Now
🟡 Phase 1 – Immediate Protection (Next 24 Hours)
If you’re long, secure 50–75% of gains and protect above $3,950.
If you’re short, trail stops to $4,200 and look for targets at $3,950 → $3,800 → $3,600.
If you’re flat, stay patient and wait for at least two daily candles of stabilization before acting.
🟠 Phase 2 – Stabilization (Next 3–5 Days)
Watch for:
🕯️ Long lower wicks on daily candles show buyer absorption.
📉 Shrinking COMEX volume indicates exhaustion of sellers.
📊 Flat or falling real yields confirming support.
🔵 Phase 3 – Re-evaluation (Next 1–2 Weeks)
If gold reclaims $4,000+ with strength and Fed tone softens, a controlled re-rally may begin. If Gold stays below $3,800, the correction likely extends toward $3,500, the same 30–40% retracement seen in 1980.
🧘♀️ 6. Beyond the Chart — Discipline Over Drama
When a $250 candle appears, instincts scream, “Do something!” But professionals know the truth: reaction destroys capital, observation preserves it. The coming days are not about prediction but about posture. Stay liquid, track sentiment, watch real yields, and remember that even in 1980, Gold’s crash didn’t end its story — it simply reset the cycle for the next era of accumulation.
✨ History doesn’t repeat, but it rhymes. In 1979, Gold taught us that fear creates bubbles. In 2025, it’s reminding us that even truth needs a pullback before it shines again.
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Goldprediction
Gold at a Critical Crossroad: Bounce or Breakdown Ahead?Hi!
The gold price is currently trading around $4,042, sitting just above a critical support area near $3,953.80. This gray zone is a key decision point for the next major move.
Trend Structure:
The broader trend remains bullish, moving within a well-defined ascending channel.
Double Top Formation:
A short-term double top has formed near recent highs, triggering a corrective move down into the channel’s midline and the gray support area.
Critical Support Zone ($3,953.80):
This level aligns with previous structure support and the channel’s bottom, making it a high-probability reaction zone.
________________
Scenario 1: Bullish Reaction (Primary Scenario)
If gold holds above the gray critical area and bounces within the ascending channel, we could see a renewed bullish wave.
Confirmation: A strong bullish reaction or higher low around $3,953–$3,980.
Target: The green target zone around $4,619.57, corresponding to the upper channel boundary and a potential measured move from the recent correction.
Scenario 2: Bearish Breakdown
If the gray area fails to hold, it could signal deeper downside momentum.
Trigger: A clean break and 4H close below $3,953.80.
Target: The pink support zone near $3,656.01, which aligns with prior accumulation and the lower channel boundary.
________________
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GOLD DAILY CHART ROUTE MAP UPDATEHey everyone,
Check out our updated Daily Chart Route Map, now featuring updated levels for tracking Golds movement.
We’ve refined our proprietary Goldturn Channel, our unique method for constructing ascending channels. Price action recently broke out above the channel, with a body close above 4325, leaving a long-term gap open near 4444.
Currently, we’re observing rejection at 4325, and our channel top is now acting as support. The market is range-bound between 4325 (resistance) and 4183 (channel top as support). A decisive break above or below either of these levels will help define the next directional move, keeping in mind the open gap overhead at 4444.
On the downside, 3961 remains the pivotal swing zone, aligning with the channel midline, should we see a confirmed break below 4183.
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Double Top Confirmed! Is Gold About to Fall Deeper?As expected from my previous idea , Gold touched its target of $4,183 ( the double top pattern’s target(Small) ). Before reaching that target, it had some ups and downs over the past few days, mainly due to the ongoing US-China tensions .
Gold is trading near a Support zone($4,193 – $4,156) .
From a classical technical analysis perspective, it’s forming a clear double top pattern on the 1-hour timeframe . There’s also a regular bearish divergence (RD-) visible between the two peaks of the double top.
From an Elliott Wave theory standpoint, it looks like Gold has started its corrective wave. If the Support zone($4,193 – $4,156) and the double top pattern’s neckline break , we can expect further downside .
I expect that after breaking the Support zone($4,193 – $4,156) and the neckline , Gold could drop at least to around $4,083(First Target) .
Second Target: $4,057
Stop Loss(SL): $4,385(Worst)
Note: Keep in mind that given the ongoing US-China tensions, any news could invalidate this analysis. So it’s more important than ever to manage your risk carefully these days.
Please respect each other's ideas and express them politely if you agree or disagree.
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 4333 and a gap below at 4225. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
4333
EMA5 CROSS AND LOCK ABOVE 4333 WILL OPEN THE FOLLOWING BULLISH TARGETS
4422
EMA5 CROSS AND LOCK ABOVE 4422 WILL OPEN THE FOLLOWING BULLISH TARGET
4494
EMA5 CROSS AND LOCK ABOVE 4494 WILL OPEN THE FOLLOWING BULLISH TARGET
4572
BEARISH TARGETS
4225
EMA5 CROSS AND LOCK BELOW 4225 WILL OPEN THE FOLLOWING BEARISH TARGET
3985
EMA5 CROSS AND LOCK BELOW 4122 WILL OPEN THE SWING RANGE
3985
3857
EMA5 CROSS AND LOCK BELOW 3857 WILL OPEN THE SECONDARY SWING RANGE
3741
3632
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold 1H – Bearish Reaction After Consecutive Gains🟡 XAUUSD – Intraday Trading Plan | by Ryan_TitanTrader
📈 Market Context
After several sessions of steady gains, gold is showing signs of exhaustion as U.S. Treasury yields stabilize and traders reassess the Federal Reserve’s next move.
The market’s focus today is on U.S. housing data and Fed officials’ remarks, which could shape expectations for the December policy outlook.
• A hawkish tone from policymakers may strengthen the dollar and pressure gold lower.
• Conversely, softer remarks could briefly trigger buying around key discount zones, but the overall tone remains corrective after the recent rally.
Market liquidity is concentrated near the $4,230 area — where price may tap into unmitigated supply before continuing its bearish leg.
🔎 Technical Analysis (1H / SMC Style)
• Structure: The overall bias has shifted bearish following consecutive ChoCH and BOS formations.
• Premium Zone: The 4,230–4,228 area aligns with an H1 order block and previous liquidity pool — a prime zone for short re-entry.
• Liquidity Sweep: The recent upside push toward 4,230 may sweep late buyers before the next bearish leg unfolds.
• Discount Zone: Short-term liquidity may rest around 4,080–4,100, which aligns with previous sell-side imbalance (SSI) and acts as an intraday reaction zone.
🔴 Sell Setup
• Entry: 4,230 – 4,228
• Stop-Loss: 4,240
• Take-Profit Targets: 4,100 → 4,080 → 4,050+
🟢 Buy Scalp Setup (Short-Term Countermove)
• Entry: 4,081 – 4,083
• Stop-Loss: 4,074
• Take-Profit Targets: 4,100 → 4,115
(Only valid if liquidity sweep confirms reaction within discount zone)
⚠️ Risk Management Notes
• Confirm M15 BOS/ChoCH before entry — avoid blind orders during news.
• Reduce position size for scalp entries; primary directional bias remains bearish.
• Lock partial profits near first liquidity targets and trail stops as structure confirms continuation.
✅ Summary
Gold faces near-term correction pressure after multiple bullish sessions.
The 4,230–4,228 zone offers a clean premium OB entry for continuation shorts, while reactive buyers may scalp intraday from 4,081 if liquidity sweeps occur.
Stay adaptive — today’s sentiment is short-term bearish within a larger range-bound structure.
FOLLOW RYAN_TITANTRADER for daily SMC setups ⚡
Is the XAU/USD Breakout the Next Major Trade Opportunity?💰 GOLD vs USD — “Thief Trader’s Golden Breakout Playbook” ⚡️
Asset: XAU/USD (Gold vs U.S. Dollar)
Market: Metals
Type: Day Trade Setup
Bias: 🟢 Bullish plan – pending order after breakout
🧭 TRADE BLUEPRINT
Entry Zone:
Wait for a clean breakout above 4160.00 before entering.
(Breakout confirmation > impulsive candle > retest optional)
Stop Loss:
“Thief SL” parked at 4040.00 — move only after breakout validation.
💡 SL isn’t mandatory — your money, your call!
Target:
Ride the move up to 4380.00, where strong resistance meets overbought traps.
🧨 Escape with profits before the crowd gets greedy!
💬 NOTE TO ALL “THIEF OG’s”
Dear Ladies & Gentlemen,
I’m not asking you to use only my SL or TP — they’re examples.
You’re the master of your risk. Make money. Take money. Stay legendary. 💸
🧩 CORRELATION CHECKLIST
Keep your eyes on these key pairs to confirm gold’s direction:
TVC:DXY (U.S. Dollar Index): If the dollar drops, gold usually pops.
OANDA:XAGUSD (Silver): Often follows gold’s mood — good double-check.
FX:USDJPY & OANDA:USDCHF : Safe-haven cousins. If they fall, gold shines brighter.
OANDA:XAUJPY : A stealth correlation — helps catch sentiment early.
🧠 Gold doesn’t move alone — it dances to USD rhythm and global risk tone.
⚙️ THIEF INSIGHT:
Gold’s sitting near a major pivot resistance (4160) — a breakout signals momentum ignition.
Risk/Reward is balanced: 4040 SL vs 4380 TP (~1:1.8).
Institutional footprints suggest buy interest post-breakout zone.
Stay sharp — watch volume spikes & candle closes above breakout line.
🏁 FINAL WORDS
Trading isn’t robbery — it’s legalized patience.
The real theft is done with discipline, not greed.
Grab your profits like a pro, not a desperado. 🕶️💼
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
⚠️ DISCLAIMER:
This is a Thief Style Trading Strategy — just for fun & education.
Not financial advice. Always DYOR & trade responsibly. 🧠💰
#XAUUSD #Gold #DayTrading #Breakout #ThiefTrader #Forex #MetalsMarket #GoldAnalysis #USD #DXY #TradingView #RiskManagement #TechnicalAnalysis #FunTrading #MarketPlaybook
Bullish Gold XAUUSD Setup: Breakout, Retest & Trade OpportunityGold is currently bullish and beginning to break market structure 📈. Price is moving toward previous highs, which may act as resistance. Ideally, I’m watching for price to push through these highs, then retest the level for a potential long opportunity ✅.
In the video, I break everything down clearly — including:
📊 Trend direction
🏛 Market structure
💹 Price action
📉 Volume profile analysis
🎯 How to plan the trade step-by-step
⚠️ This is not financial advice — educational purposes only.
Is the correction over? Bearish resistance levels are expected.Gold's decline intensified during Wednesday's US trading session, partly due to silver's earlier break below $50, which dampened overall sentiment for precious metals. Overall, this decline was primarily driven by profit-taking and a technical correction.
Gold has been fluctuating above the 4,000 mark for the past two days. After these two days of volatile decline, the 4,000 level is crucial for mid-term strategies.
Thursday's Asian session saw slight fluctuations. If the European session sees a rebound, prices could rise again to test 4,130, followed by yesterday's high of 4,161. Therefore, continued strength in the European session is a prerequisite for the US market. Focus on resistance at 4,130 during the Asian session, and watch for resistance at 4,160 after a breakout.
Trading strategy:
Short around 4130, stop loss at 4140, profit range 4060-4050.
If it breaks through, watch for resistance at 4160 and try to trade again.
Gold Pullback or Reversal? Key Zone Ahead!As I expected , Gold ( OANDA:XAUUSD ) started to drop thanks to the Double Top Pattern and reached its target at the Support zone($4,011 – $3,981) .
Now, do you think Gold will start dropping again, or will it resume its recent weeks’ uptrend?
Today, I’m going to do a short-term 15-minute analysis of Gold , so stay tuned.
At the moment, Gold is approaching a Resistance zone($4,192 – $4,137) —also a Potential Reversal Zone (PRZ) —and moving within an ascending channel . Overall, the recent moves in Gold over the past couple of days look like a pullback to the previous Support zone($4,192 – $4,137) .
From an Elliott Wave perspective , it seems that Gold , given the momentum of its recent drop, is completing corrective waves, and we should expect another decline .
I expect Gold to start dropping again from the Resistance zone($4,192 – $4,137) and PRZ , and AFTER breaking the lower line of the ascending channel , it could fall at least down to around $4,039(First Target) .
Second Target: Support zone($4,011 – $3,981)
Stop Loss(SL): $4,222
Please respect each other's ideas and express them politely if you agree or disagree.
Gold Analyze (XAUUSD), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
When Everyone Was Hyped, We Warned We called the bearish turn on gold right on time:
After we posted the analysis, gold printed one of its sharpest daily drops in years—momentum the market hadn’t seen in a long time. The core view stands: after brief, counter-trend bounces, the primary path remains down. Revisit the previous analysis; the expectation is continued downside after in-trend corrections.
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🚀 Who am I?
I'm Mahdi, a prop firm trader with 7+ years of experience in technical analysis, mainly focusing on Smart Money Concepts and Elliott Wave theory.
I specialize in delivering high-quality trading signals, market insights, and educational content tailored for serious traders and investors.
📊 My Tools: SMC, Elliott Wave, Fibonacci, Liquidity Grabs, Order Blocks
💼 Prop Challenge Passed: Yes | Funded Account: In Progress
🔗 Follow for consistent updates and trading insights.
XAUUSD 1H – EW Long SetupHi fellow traders,
On the 1H XAUUSD chart, I am applying Elliott Wave principles to outline a potential long setup. Price seems to have completed wave 4 and is reacting from the golden box area, suggesting that wave 5 may now start unfolding to the upside.
The invalidation level at 4004.72 represents my expected end of the correction, although the setup remains valid even if price moves slightly lower. My Stop Loss is set at 3940.00, which would confirm structural failure if reached. The Take Profit is positioned at 4437.36, targeting the projected completion of wave 5.
Good luck and trade safe!
The bottom of gold price is still under construction
News:
On Thursday (October 23rd), gold prices regained safe-haven support after a recent pullback, primarily driven by escalating geopolitical tensions and expectations of new US export restrictions.
Risk aversion reignited, while investors awaited Friday's US CPI data to assess the Federal Reserve's policy path. After hitting a record high of $4,381.21, gold prices recently came under short-term pressure, entering a technical correction.
Gold prices found renewed support this week amid heightened geopolitical uncertainty and rising US policy risks.
Specifically:
Gold daily chart: Yesterday, the price stabilized at the middle line, closing with a long lower shadow candlestick. This suggests the 4000 low has temporarily stabilized. Whether it effectively serves as the bottom of a short-term correction will require further confirmation.
On the 4-hour chart, gold prices broke below the neckline of the double top pattern, strengthening bearish momentum. The neckline area (4225-4220) will now become new resistance, and bears may be positioned there with a stop-loss placed above resistance, aiming for a further break below the trendline.
Trading strategy:
Buy: 4190-4185, SL: 4205, TP: 4120-4090
The market is bearish, but I am firmly bullish.#XAUUSD OANDA:XAUUSD
From the perspective of the 4H cycle, the gold price is still above the rising trend line, and we remain bullish on intraday trading. As time goes by, the lower defense gradually moves up to around 4030. Holding this position, the trend remains bullish. The current gold rebound is slightly weak, and there may be another decline in the short term. Continue to pay attention to the support of 4100-4090 below. If it falls back to the support again and is not broken, we can consider going long on gold with a light position. The first target is 4130-4140, with a stop loss. If the short-term support is lost, look for opportunities below again.
XAU/USD 23 October 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 20 October 2025.
Price has printed as per previous intraday expectation by printing a bearish CHoCH which indicates, but not confirms, bullish pullback phase initiation.
Price is currently trading within an established internal range, however, I will continue to monitor price with regards to depth of pullback.
Intraday expectation:
Price to continue bearish, react at either discount of 50% internal EQ, or H4 supply zone before targeting weak internal high priced at 4,380. 990.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis and bias remains the same as yesterday's analysis dated 22 October 2025.
Price has printed according to my analysis dated 20 October 2025 where I mention that price is to continue bullish, react at either premium of 50% internal EQ, or M15 demand zone, before targeting weak internal low priced at 4,185.910.
Price has printed a bearish iBOS and subsequently a bullish CHoCH to indicate, but not confirm bullish pullback phase initiation.
Price is now trading within an established internal range.
Intraday expectation:
Price to react at either premium of 50% internal EQ, or M15 demand zone, before targeting weak internal low priced at 4,004.280.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s tariff announcements, particularly against China, are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
Gold is still in a downward channel
News:
On Wednesday (October 22nd), spot gold trading saw increased volatility, trading above $4,000 before the US market opened. Previously, the price of gold retreated rapidly from its stage high: it once reached $4,161 in the European session and then came under pressure again; in sharp contrast to the previous stage peak of $4,380, the retreat was significant, and the market became increasingly sensitive to the offensive and defensive switches of the "four thousand mark".
Overall, the market is in a data vacuum. Affected by the government shutdown, the economic schedule on Wednesday was empty, with only a small number of Treasury auctions and repurchase operations supporting liquidity. However, global macro events have quietly amplified the cross-market linkage effect.
Specifically:
Judging from the 4-hour market trend, the current focus is on the short-term suppression of 4090-4080 on the top, and the short-term support of 4000 on the bottom. If the bulls cannot break through, gold will continue to maintain a downward trend. The operation should be mainly high-altitude, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy in the channel, so please pay attention to it in time.
Trading strategy:
Buy: 4090-4080, SL: 4105, TP: 3990-3965
XAU/USD Intraday Plan | Support & Resistance to WatchGold remains under downside pressure after failing to hold above the 4151 resistance yesterday, with price now trading around 4104. The metal continues to trade below both the MA50 and MA200, confirming that short-term momentum remains bearish within a broader corrective phase.
If buyers can reclaim 4117 and 4151, a corrective bounce toward 4192 and 4227 may follow. However, failure to defend 4075 could trigger another wave of selling toward 4020, and potentially deeper into the 3984-3953 zone, where fresh demand could start building up.
📌 Key levels to watch:
Resistance:
4117
4151
4192
4227
Support:
4075
4044
4020
3984
🔎 Fundamental focus:
Gold continues to trade under macro uncertainty as the U.S. government shutdown drags on, delaying major data releases and weighing on investor confidence. The lack of economic transparency has led to erratic price swings, while persistent U.S.–China trade tensions and weaker manufacturing sentiment add further risk aversion.
Gold (XAUUSD): possible plan to think to buy goldGold (XAUUSD): possible plan to think to buy gold.
At this moment my strategy tells me to wait. I wont sell until in 1H my structure turns bearish. but 15m timeframe is bearish so I can't buy until LTF turns bullish. I have shown the level that should be broken before buying.
Cheers
XAUUSD NEXT POSSIBLE MOVE Gold is facing strong resistance after a recent bullish move. Price is struggling to break higher, showing signs of seller dominance in this zone.
If price continues to hold below resistance, a bearish reversal can be expected.
Sellers are likely to take control if support levels break, leading to a possible downward continuation.
Double top perfectly predicts gold plunge, future market layout#XAUUSD OANDA:XAUUSD
Previously, the rise in gold prices continued to break historical records, and today's drop of gold by nearly $300 also broke the recent historical record. The intraday trend has established an M-shaped structure, and the bears have taken the dominant position in the market.
The short-term decline has stagnated slightly, and the current gold price is consolidating around 4110. Both bulls and bears have certain opportunities in the short term. Pay attention to the short-term pressure of 4160-4170 on the upside. If it rebounds here, you can consider shorting gold with a light position based on this range as resistance. If gold directly retreats below, first pay attention to the 4085 support. If it breaks, look at the 4060-4050 support. If it retreats to this range, you can try to go long on gold with a light position and bring SL. If 4060-4050 is lost, the final support point will be the 4000 integer mark.