Gold and Bitcoin Technical Analysis: Navigating Key Support ?The Gold chart shows a 30-minute timeframe analysis, highlighting recent price consolidation and potential future trends. The analysis suggests a potential V-shape recovery for gold.
Key Levels: The price is currently at a critical juncture, having tested a support zone around 3,326 - 3,333 USD. This zone has proven to be a strong base. Above it, a significant resistance zone is identified between 3,349 - 3,353 USD. Further up, another major resistance is at approximately 3,389 USD.
Price Action: The price has recently experienced a sharp decline and is now in a consolidation phase. The chart projects a potential bounce from the current levels, indicated by the black curved arrow, with the target being the upper resistance zone around 3,389 USD. The green shaded box illustrates the potential upward movement from the current position.
Conclusion: Gold appears to be at a key support level and could be poised for a rally if it successfully breaks above the immediate resistance zone.
Bitcoin (BTC/USDT) 4-Hour Chart Analysis
The Bitcoin chart shows a 4-hour timeframe analysis, focusing on a short-term uptrend channel.
Key Levels: The price is trading within an ascending channel. A significant support zone is identified between 112,000 - 114,000 USDT. A "weak supply zone" is marked around 118,000 USDT, which is currently acting as support. A major resistance is at approximately 124,564 USDT.
Price Action: After a strong push towards the channel's upper boundary, the price has pulled back and is now retesting the "weak supply zone." The blue and red arrows project two possible scenarios: a bounce back up towards the channel's high, or a deeper retracement towards the channel's lower trendline. The price movement appears to be following the blue projected path.
Indicators: The Ichimoku cloud and RSI strategy are used to confirm the trend and identify entry/exit points. The price is above the Ichimoku cloud, indicating a bullish trend.
Conclusion: Bitcoin is at a pivotal point within its uptrend channel. Its ability to hold the 118,000 USDT level will be crucial for a potential re-test of the 124,564 USDT resistance.
Goldprediction
21 Aug Trade Review - Target 2 almost reached - Before JackholeI should have noticed that the gold price was not coming down a lot and before a big news event, sometimes the price action is opposite one.
I was surprised price started to move at 10 pm, I thought will be 10.30 pm when Powell said some "key words".
Gold had turned bullish, Monday we might expect a bit of retracement, but higher prices expected, target 3400-3420.
Buy opportunity on Gold with overall target at 3358Hello traders,
I’m looking at a potential long setup on Gold around the 3329 zone. Here’s why:
During mid-London session, price dipped into the 61.8% Fibonacci retracement level (3327).
This level also aligns with the midpoint of a daily imbalance (FVG), making it an area of high confluence.
On the 4H chart, Gold has already shown rejection from this zone, suggesting buyers are stepping in to defend it.
Based on this, I expect today’s low could be set around this area.
Trading plan:
Entry: 3329–3333
Targets: 3342 and 3358
Stop loss: 3321
If you find this helpful please give this idea a boost. Thank you!
Dovish comments ignite the market, where will gold go?After Powell's closing speech at Jackson Hole, traders increased their bets on a Federal Reserve rate cut next month. Traders now believe the probability of a September rate cut exceeds 90%, compared to about 75% before Powell's speech.
Powell's dovish tone sparked market euphoria, with all three major US stock indices rising by more than 1%, and the Russell 2000 index rising by over 2%. The Dow Jones Industrial Average hit another record high intraday, now up 1.5%. The Stoxx Europe 600 index broke through its March closing record high.
The US dollar index continued its decline, falling below 98, down more than 0.7% on the day. Spot gold broke through $3,370 per ounce, up more than 1% on the day. Spot silver rose more than 2% on the day, approaching $39 per ounce.
Non-US currencies rose across the board. The dollar fell nearly 1% against the yen. The euro hit $1.17 against the dollar. The pound rose above $1.35 against the dollar. The Australian dollar rose more than 1% against the dollar.
Gold has already broken through resistance around 3370 on news headlines, giving short-term bulls the upper hand. If trading, we recommend opening long positions on pullbacks. Open long positions around $3355-3360, with a target around 3380.
If the price breaks above $3385 for the first time, open short positions on a bearish trend, targeting around 3365.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 4h chart idea.
Once again great finish to the week with our chart idea playing out, as analysed.
We were range bound all week on this chart, playing between 3293 and 3361. Today we got our Bullish target at 3361 complete! We will now look for ema5 cross and lock above 3361 for a continuation.
BULLISH TARGET
3361 - DONE
EMA5 CROSS AND LOCK ABOVE 3361 WILL OPEN THE FOLLOWING BULLISH TARGETS
3424
EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET
3499
BEARISH TARGETS
3293
EMA5 CROSS AND LOCK BELOW 3293 WILL OPEN THE SWING RANGE
3236
3171
EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE
3089
2996
We will now come back Sunday with a full multi timeframe analysis to prepare for next week’s setups, including updated views on the higher timeframes, EMA5 alignments, and structure expectations going forward.
Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
Mr Gold
GoldViewFX
Excellent profits delivered by XAUUSD As I mentioned in Today’s early commentary session:
My strategy was buy the dips from 3322-3325
Very happy with the profits so far, Yesterday I captured only 1 trade on buy but gold failed to break above 3350.
I bought GOLD 3322 – 260 PIPS straight TP HIT
•
Always follow your setup & your path with patience and discipline.
My targets is achieved alhumdulillah.
All I say thanks to those who followed us and made profits.
Please note that gold will break through at an accelerated pace!The market always has more noise than signal. Never consider missed opportunities as losses. Only trade within your own knowledge.
Investing in the market always has four levels: preserving principal, controlling risk, generating returns, and achieving long-term, stable, and sustained profits.
Not every candlestick chart requires a trade. Even if you don't trade at all all day, it doesn't mean your time has been wasted.
$100 has its own way of playing, and $10,000 has its own rhythm. The competition isn't about who has more money, but who has the highest profit margin and who survives the longest. The trophy never falls to the audience; luck favors all participants.
Federal Reserve Chairman Powell will address the annual meeting of global central banks. Global markets are betting wildly on a 50 basis point Fed rate cut between September 16th and 17th. The options market has reached 325,000 contracts, with a premium of $10 million!
The market has been hyping up interest rate cuts, but that's not important. As long as sentiment and consensus are in place, prices will fluctuate in the right direction. Whether Powell's final speech during his term signals a rate cut will directly impact the direction of gold, US stocks, and the crypto market in the second half of the year.
Trading Tip: Avoid holding positions during Powell's speech. Exit early if you see a profit to avoid the risks of rapid short-term market fluctuations.
Watch for gold at 3320 and 3315 today.
Gold is Ready For Bull After Forming a Strong SupportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Powell's speech will guide the direction of goldGold News Analysis:
Investors are focused on Federal Reserve Chairman Powell's upcoming speech at the Jackson Hole Symposium on Friday. This highly anticipated speech could reveal the Fed's policy direction and directly impact gold's future performance.
The market generally expects Powell not to explicitly signal a September rate cut, but if he hints at further cuts, gold could rally. The strengthening US dollar has directly increased the cost of holding gold, particularly for buyers in non-dollar markets, significantly reducing its appeal. The gold market is at the crossroads of monetary policy expectations and geopolitical risks.
Therefore, the market is closely watching the Fed Chairman's upcoming speech. As a speech at the annual central bank meeting, every word counts, especially before the Fed's September interest rate decision.
Gold Technical Analysis
Gold has seen significant fluctuations over the past two days, remaining range-bound. However, this also suggests that a major gold trend may be imminent. Both bulls and bears are accumulating volume. Once news breaks, they could immediately seek a breakout. If a successful breakout occurs, it's time to follow the trend. The calm before the storm, what kind of storm will gold stir up tonight?
Our view remains unchanged, and we remain bearish. Any upward movement is a sell-off, setting the stage for a larger decline. Regarding short-term targets, we're looking for a break below 3320, 3310, 3300, and 3270. The ultimate target is a break below 3245 and the 3150-3120 range, extending to the 3000-2950 range.
If the current market breaks through the resistance level of 3370, the upward trend will accelerate and continue. Conversely, if it falls below the support level of 3310, the market will fall further, opening up further downside potential.
The short position previously established near 3340 has successfully declined to around 3325. While the profit is small, it's in the right direction. If gold continues to rise to between 3335 and 3350, we can still open short positions, anticipating further declines.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
XAUUSD – Gold in Tight Consolidation | Weekend Trading PlanGold is currently showing the classic sequence: accumulation – breakout – consolidation again. Price is moving within a narrowing triangle pattern, preparing for the next explosive move.
From both a technical perspective and the macro–geopolitical backdrop, Gold is hesitating to choose a clear direction in the short term. But remember: the tighter the range, the stronger the breakout.
👉 Strategy: Wait for the breakout, then follow the direction with clear key levels for reactions and take-profit setups.
🔑 Key Levels
Resistance: 3337 – 3343 – 3350 – 3356 – 3365
Support: 3325 – 3320 – 3314
📌 Scenario 1 – Buy Setup
Buy Zone: 3316 – 3314
SL: 3309
TP: 3320 – 3325 – 3330 – 3335 – 3340 – 3345 – 3350 – 3360 – 3370
📌 Scenario 2 – Sell Setup
Sell Scalp: 3348 – 3350
SL: 3355
TP: 3344 – 3340 – 3335 – 3330
Sell Zone (Main Reaction): 3365 – 3367
SL: 3372
TP: 3360 – 3355 – 3350 – 3345 – 3340
🎯 MMFLOW Notes
Price compression = incoming volatility.
Always prepare two scenarios when trading narrow ranges.
Patience is profit – wait for market confirmation at key levels.
Gold Price Analysis August 21Gold has broken the Trendline and returned to the wide trading range of 3330 - 3360, an important accumulation area in the past few days. This will continue to be the reference area for investors to find entry points.
In the Asian session, the price adjusted to around 3332 - the convergence between the lower edge of the accumulation zone and the 0.5 Fibonacci retracement of yesterday's increase. This is an important milestone to determine the next direction:
✅ If it rebounds from 3332 → the possibility of forming a new uptrend, target 3378.
❌ If H1 closes below 3332 → confirming the return of the downtrend, the price may expand to 3285 in the short term.
📌 Reference strategy:
Buy when the price retests 3333 and there is a clear buy signal.
Sell when it breaks & holds below 3332.
Sell DCA when it breaks 3320 (confluence of trendline + previous break zone).
🔑 Important Zone
Support: 3332 – 3320 – 3310 – 3300 – 3285
Resistance: 3358 – 3378
GOLD ROUTE MAP UPDATEHey Everyone,
Quick follow up update on our 1H chart idea:
After completing both our Bullish target at 3352 and Bearish target at 3327, we saw a lock below 3327 which opened the swing range down towards 3304. Price did drop, but not the full test of 3304 before turning back up.
From there, we got the break back above 3327 and another retest of 3352. As expected, price rejected perfectly from 3352, came back down to 3327, and once again gave us a bounce. Now price is heading back up towards 3352.
At the moment, price is clearly rangebound between 3327 and 3352. To confirm the next breakout move, we will need to see the EMA5 cross and lock above or below either of these levels.
We also need to keep in mind the swing range gap left open yesterday in the 3304 region, which remains a possible target before higher moves continue.
So while we continue to buy dips, we must stay mindful that open swing ranges can extend moves further in either direction. Our updated levels and weighted levels allow us to track moves down and then catch the bounces up, as we’ve been doing.
We will continue to buy dips from our support levels, targeting 20 to 40 pips per bounce. As stated before, every level structure we share gives that range consistently, and the swing ranges give even bigger moves than the weighted levels.
BULLISH TARGET
3352 - DONE
EMA5 CROSS AND LOCK ABOVE 3352 WILL OPEN THE FOLLOWING BULLISH TARGETS
3374
EMA5 CROSS AND LOCK ABOVE 3374 WILL OPEN THE FOLLOWING BULLISH TARGET
3398
EMA5 CROSS AND LOCK ABOVE 3398 WILL OPEN THE FOLLOWING BULLISH TARGET
3422
BEARISH TARGETS
3327 - DONE
EMA5 CROSS AND LOCK BELOW 3327 WILL OPEN THE SWING RANGE
3304
3281
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
XAUUSD Gold Intraday Setup 21.08.2025Gold has broken out of its bearish channel and is now showing signs of retesting the broken trendline. Price action suggests that the 3332/34 zone (highlighted with confluence from structure support and channel retest) will be key for buyers to step in. As long as price holds above this area, bullish momentum is likely to resume.
The target at 3357 aligns with previous resistance, making it a logical upside objective. A stop-loss below 3323 protects against a deeper retracement back into the bearish structure.
Trading Plan (Buy Setup):
Entry: 3332/34
Stop-Loss: 3323
Target: 3357
Beware of gold plummeting amid volatility
💡Message Strategy
This week saw no major fundamental shifts, with gold continuing to range-bound ahead of Powell's speech and the release of the September non-farm payrolls report (NFP). The interest rate outlook remains uncertain, and a strong September NFP could quickly reverse market expectations.
Last week, US CPI data broadly met expectations, providing some support. However, subsequent data, including a significant surprise in PPI data, further improvement in initial jobless claims, and an unexpected rise in inflation expectations in the University of Michigan survey, put some pressure on the market. This is also consistent with the signal we gave, gold continues to fluctuate downward.
📊Technical aspects
On the 4-hour chart, a small support area is visible near 3,330. Prices recently dipped below this area but subsequently rebounded above it. Buyers are likely to continue entering this area, keeping risk below support, with a target of 3,430 resistance. Sellers would prefer to see prices break below support again, pushing gold further down to 3,250.
Gold is currently trading in a stair-stepping downward trend, indicating a weakening of its upward momentum. Combined with Powell's upcoming speech, the outlook for gold remains bearish.
💰Strategy Package
Short Position:3345-3350,SL:3380,Target: 3300,3280
XAU/USD Intraday Plan | Support & Resistance to WatchYesterday, we highlighted the need for a sustained move above $3,344 for bulls to gain control. However, gold failed to hold that level, with the 200MA providing firm resistance.
Gold currently trading around $3,337, sitting just above the 50MA (pink) but still capped below the 200MA (green). This keeps the structure in a neutral-to-bearish stance, as short-term momentum has improved slightly, but the broader trend remains pressured under the 200MA.
Buyers need sustained momentum above $3,344, it would open the path toward $3,364 and $3,386. A decisive reclaim of the 200MA would further strengthen bullish momentum.
On the downside, failure to hold above $3,324 risks a move back into the Secondary Support Zone ($3,304–$3,281). A deeper breakdown would expose the HTF Support Zone ($3,254–$3,229).
📌 Key Levels to Watch
Resistance:
• $3,344
• $3,364
• $3,386
• $3,406
Support:
• $3,324
• $3,304
• $3,281
• $3,254
• $3,229
🔎 Fundamental Focus – Thursday, Aug 21
Today brings several key U.S. releases including Unemployment Claims, PMI data, and housing figures, alongside the start of the Jackson Hole Symposium. These events are likely to increase volatility in gold.
⚠️ Risk Management: Expect sharp intraday swings and possible fakeouts around data releases. Keep risk tight and wait for confirmation before committing to trades.
XAUUSD/SELLAfter the release of the Federal Reserve minutes yesterday, gold prices rose to 3352 but didn't rise further. The minutes mentioned several key points, namely inflation and unemployment. Overall, the unemployment rate is more important than the inflation rate. Meanwhile, the renewed talks between Russia and Ukraine seemed uneventful, and the meeting went smoothly. As a result, gold prices fell again after the Asian market opened.
The current price is 3337, down approximately $15/ounce from 3352, indicating that upward pressure remains. During this pullback, we need to watch whether the decline can be halted around 3330-3335. If not, we need to wait for a lower level, around 3310. Today is Thursday. Focus on the impact of the initial jobless claims data on gold prices.
For trading, you can still refer to the current selling strategy. While waiting for a decline, confirm the presence of support below. Currently, there is no major news to boost gold prices. Remember to manage your trading risk. Set take-profit and stop-loss orders to prevent extreme market fluctuations from adversely affecting your account.
Gold Near Breakout – Watch $3,369 and $3,330Gold remains in a downtrend, forming a Bear Flag pattern within a broader descending channel. Price is capped below key resistance at $3,360–3,369 and is hovering near $3,340. A breakdown below $3,330 could accelerate losses toward $3,300 and $3,280, while a short-term bullish break above $3,369 may trigger a retracement toward $3,380 before sellers likely re-enter. Overall bias stays bearish unless price closes firmly above the upper resistance zone.
🔑 Key Levels to Watch
- Resistance: $3,360 → $3,369 → $3,380
- Support: $3,330 → $3,300 → $3,280
- Breakout Zones: Below $3,330 → Targets $3,300 and $3,280. Above $3,369 → Target $3,380
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!
Wait for confirmation and execute SELL BTCUSD signal✏️BTCUSD is trading in a narrow range of 117000 and 114500. It is quite difficult to have a trading strategy in this range. The best is to wait for the sellers to be strong enough to break 114500 to find SELL signals to a stronger support zone. Or wait for the buyers to react around the upper resistance zone of 117000. Because this is a breakout zone in the past with retests.
📉 Key Levels
SELL Rejection 117000
SELL DCA Trigger Break of Support Zone 114500
Target 110000
Leave your comments on the idea. I am happy to read your views.
XAUUSD/BUYSure enough, gold prices rebounded after retreating to 3338, resulting in a short-term price increase of $8 per ounce.
The gold market is awaiting news to drive a rally. Just now, when it was about to hit 3350, it retreated. I interpret this as a tentative rise, as bulls are currently in control. This test is merely a test to see if bears will launch a counterattack. As expected, the bull-bear game is a tug-of-war. Both bulls and bears are now vying for the crucial 3345 level. This level serves as a short-term reversal point for the month. If bulls seize this level, the market will continue to rise. If bears seize this level, the market will experience short-term downward fluctuations.
In the latter half of the New York market, I believe the market will fluctuate within a range of approximately $10. The Swing Trading Center recommends continuing to buy.