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Goldsetup

Gold Holds Near Record Highs, Eyes 3,870 Test📊 Market Overview: Gold is trading around the record area of 3,867 as the US dollar weakens and expectations rise for the Fed to shift toward monetary easing. Concerns over slowing US growth and safe-haven demand continue to support prices. 📉 Technical Analysis: • Key Resistance: 3,870 – 3,880 • Extended Resistance: 3,900 – 3,920 • Nearest Support: 3,840 – 3,830 • Extended Support: 3,800 – 3,790 • EMA09: Price remains above the EMA09 on H1, signaling short-term bullish bias. • Momentum: RSI is overbought, suggesting a possible pullback before further upside. 📌 Outlook: Gold may see a short-term pullback toward 3,840 before extending gains toward 3,880 – 3,900 if USD weakness persists. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD : 3,872 – 3,875 🎯 TP: 40 / 80 / 200 pips ❌ SL: 3,878 🔺 BUY XAU/USD: 3,838 – 3,835 🎯 TP: 40 / 80 / 200 pips ❌ SL: 3,832
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Hits New High at $3831 – Can the Rally Hold?📌 Market Overview Gold (XAU/USD) surged today, marking a fresh high at $3831/oz, breaking well above previous resistance zones. The rally was fueled by expectations of a potential Fed policy adjustment, a weaker USD, and rising safe-haven demand amid ongoing financial and geopolitical uncertainties. 📊 Technical Analysis • Key Resistance: 3831 (new high) – 3850 • Immediate Support: 3805 – 3790 • EMA 50 & EMA 200 (H1/H4): Both trending upward, confirming short-term bullish momentum. • RSI (H1): Approaching overbought territory >70, signaling potential short-term correction. • Chart Pattern: Strong parabolic rally, though vulnerable to a pullback toward support. 🧐 Outlook The current uptrend remains supported by safe-haven flows and policy easing expectations. However, with gold posting new highs, profit-taking pressure may emerge near the 3830–3850 zone. A technical pullback to test support is a likely scenario in the short term. 🎯 Trading Strategy • Cautious BUY: Consider buying on pullbacks toward 3805–3790, SL below 3785. • Short-term SELL (scalping): Consider selling near 3830–3835, SL above 3840, short TP of 40–80 pips. • Risk management is essential — avoid FOMO entries at the peak levels.
OANDA:XAUUSDLong
by Mian-FXSignals
2
Gold Buy Setup – Buy the Dip Towards 3868 Target1. Trend: Price is in a clear uptrend within a rising channel (highlighted in pink). Currently, price is at the upper boundary of the channel, showing a potential short-term pullback before continuing higher. 2. Key Levels: Entry Point: Around 3,766 – 3,765 (blue zone). Stop Loss: Around 3,748 (below the channel support). Target Point: 3,868 (top blue line). 3. Chart Pattern: Price has formed a bullish flag/channel. The projected move suggests a pullback to support (blue entry zone), then a bounce to the target area. 4. Risk-to-Reward Ratio: Risk: ~18 points (from 3,766 entry to 3,748 stop loss). Reward: ~100 points (from 3,766 entry to 3,868 target). R:R ≈ 1:5.5, which is very favorable. --- Trading Idea Bias: Bullish (Buy setup) Plan: Wait for price to drop near 3,765 entry zone. Place stop loss just below support at 3,748. Target the upper zone around 3,868. --- Summary This chart shows a buy-the-dip strategy within an uptrend. The plan is to enter near the channel support, with a tight stop loss, aiming for a continuation of the bullish move toward the target. ✅ Strong R:R setup ✅ Trend-following trade ⚠ Risk: If price breaks below 3,748, trend may reverse or consolidate deeper.
CAPITALCOM:GOLDLong
by LABA_GOLD_TRADING
XAUUSD: Continuation of the pullbackPrice failed to break the Asian session high at 3,753 (no candle close above it). As a result, a deeper correction is likely before any new advance. The pullback targets are , and if extended, . 📉 Analysis Wait for an Easy Trend sell signal on a break below the trendline with big volume. Key resistance: , . Key support: , , . 📊 Trading Plan Wait for an Easy Trend confirmation when price breaks the trendline to the downside on strong volume, first target is 3717. Example (SIGNAL): On 15m timeframe, price breaks the trendline with high volume — enter on the candle close, with the stop below the most recent swing low. Risk management: Place the stop above/below the nearest 5m swing high/low, move to break-even at 1R (R:R = 1:1). Please like and comment to support our traders. Your feedback motivates us to produce more analysis in the future 🙏✨
OANDA:XAUUSDShort
by ZuperView
Gold Slightly Bearish, Sideway 3715 – 3755📊 Market Overview Gold is trading around $3737 – $3740/oz. The USD strengthened slightly after strong U.S. data, but selling pressure on gold has weakened. The market is waiting for more signals from the U.S. session to determine a clearer direction. 📉 Technical Analysis • Near Resistance: $3748 – $3755 • Major Resistance: $3765 • Near Support: $3722 – $3715 • Key Support: $3700 • EMA50 is still above price, keeping short-term pressure bearish, though sellers are losing momentum. 📌 Outlook Gold is likely to continue ranging between $3715 – $3755. A break below $3715 could push prices to test $3700, where strong buying interest may appear. 🎯 Trading Strategy 🔻 SELL XAU/USD : 3755 – 3758 🎯 TP: 40/80/200 pips 🛑 SL: 3762 🔺 BUY XAU/USD : 3695 – 3700 🎯 TP: 40/80/200 pips 🛑 SL: 3692
OANDA:XAUUSDShort
by Mian-FXSignals
Gold rebounds but not yet clearly breaking out📊 Market Movement: Gold touched 3761, then dropped to 3750, but has now rebounded to around 3757. The market is still fluctuating in a narrow range without a clear trend. 📉 Technical Analysis: • Resistance: 3768 – 3772 (key zone to confirm buyers’ strength) • Support: 3750 – 3745 • Short-term EMA: showing recovery momentum but not strong enough to confirm a bullish reversal • Candlestick: leaning towards technical rebound, no clear breakout signal yet 📝 Outlook: Gold is in a mild recovery phase, but it needs to break and hold above 3772 to confirm an uptrend. Failure here could trigger a pullback to 3750 – 3745. 🎯 Trading Strategy: 🔺 BUY XAU/USD : 3750 – 3745 🎯 TP: 40 / 80 / 200 pips 🛑 SL: 3742 🔻 SELL XAU/USD : 3768 – 3772 🎯 TP: 40 / 80 / 200 pips 🛑 SL: 3776
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Roadmap| Short-termGold ( OANDA:XAUUSD ) has been surprising everyone in the last few weeks, making new All-Time Highs(ATHs) every day. Let me start by saying that this is a short-term analysis on a 15-minute time frame . Technical analysis generally works worse when assets are creating ATHs . One reason for this is that there is no past history . Gold has started to correct after the formation of the last All-Time High(ATH=$3,791.55) . In terms of Elliott Wave theory , given the bullish momentum of Gold , it seems that the main wave 3 has been completed, and we should wait for the main wave 4 . It seems that the main wave 4 can be completed with a Zigzag Correction(5-3-5) . I expect Gold to continue its downward trend to the Support zone($3,738-$3,723) , and then if we find a trigger for a Long position , we can ride the bullish wave of Gold again . Note: If the Resistance lines are broken, we can expect a new All-Time High. Note: If the Support zone($3,738-$3,723) is broken, we can expect a deeper correction. 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.
OANDA:XAUUSD
by pejman_zwin
10
Gold hits 3,717 low – Short-term technical reboundMarket Overview: Last night, gold dropped to a low of 3.717 USD/oz under strong selling pressure from the US market. Currently, it rebounds slightly to 3.736 USD/oz, indicating emerging bottom-buying interest. Technical Analysis: • Support: 3,717 / 3.723 USD • Resistance: 3.740 / 3.750 USD • EMA: EMA50 trending down; EMA200 above price, medium-term downtrend persists • Candlestick pattern: Hammer candle observed at 3,717 low, signaling possible technical rebound Outlook: Gold may rebound short-term toward 3.740–3.750 USD if buying pressure holds, but monitor price reaction at 3,717–3.723 USD to confirm reversal or continuation. Trading Strategy: 🔺 BUY XAU/USD : 3.718 – 3.715 🎯 TP: 40/80/200 pips 🛑 SL: 3.712 🔻 SELL XAU/USD : 3.750 – 3.753 🎯 TP: 40/80/200 pips 🛑 SL: 3.756
OANDA:XAUUSDShort
by Mian-FXSignals
Gold breaks below 3770 – short-term correction signal📌 Market Developments: Gold failed to hold the 3771–3774 area and dropped below 3770, now trading around 3768. This shows selling pressure has returned as buyers were not strong enough to break the 3778–3780 resistance zone. 📉 Technical Analysis: 🔺 Resistance (near): 3772 – 3775 🔺 Resistance (far): 3778 – 3781 🔻 Support (near): 3765 – 3762 🔻 Support (far): 3755 – 3750 📊 Short-term EMA is flattening as price moves back below 3770. 🕯️ H1 candles show strong selling pressure with long upper wicks and rising volume. 🧐 Outlook: The main trend remains bullish, but gold is in a short-term correction after failing at 3778–3781. If 3765 breaks, price may continue to decline toward 3755 – 3750 before buyers step in again. 🎯 Trading Strategy: 🔺 BUY XAU/USD : 3755 – 3750 🎯 TP: 40 / 80 / 200 pips 🛑 SL: 3747 🔻 SELL XAU/USD: 3772 – 3775 🎯 TP: 40 / 80 / 200 pips 🛑 SL: 3778
OANDA:XAUUSDShort
by Mian-FXSignals
Gold holds above $3765, bullish momentum continues📌 Market Overview Gold is consolidating around $3765–$3768 after reaching another all-time high. Market sentiment remains bullish as expectations of Fed rate cuts persist, the USD weakens, and Treasury yields edge lower. 📊 Technical Analysis • Near resistance: $3775 – $3785 • Additional (strong) resistance: $3800 – $3815 • Near support: $3755 – $3740 • Additional (strong) support: $3725 – $3710 • EMA 50 (H1): price remains above EMA, supporting the bullish bias. • Candlestick pattern: rejection candles near $3755 show active buying demand. • Momentum (RSI H1): stays above 60, no extreme overbought signals yet. 📝 Outlook The main trend is still bullish, but the $3775–$3785 zone could trigger short-term profit-taking. As long as price holds above $3755, gold is likely to aim for $3800–$3815. 🎯 Trading Strategy 🔺 BUY XAU/USD : $3748 – $3751 🎯 TP: 40 / 80 / 200 pips 🛑 SL: $3743 🔻 SELL XAU/USD : $3781 – $3784 🎯 TP: 40 / 80 / 200 pips 🛑 SL: $3788
OANDA:XAUUSDLong
by Mian-FXSignals
New High at 3791, Then Pullback📌 Market Movements: Recently, gold prices set a new all-time high at $3791/oz before retreating slightly and are now trading around $3778/oz. The initial surge was driven by strong dip-buying and risk-aversion sentiment, but profit-taking pressure pulled prices back from record highs. 📉 Technical Analysis: 🔺 Resistance: 3791 (new ATH) and 3805 🔻 Support: 3770, followed by 3755 📈 EMA 50 on H1 remains below price, confirming short-term bullish bias 🕯️ H1 candles show long upper wicks near 3790–3791, signaling strong selling pressure at resistance 📊 Declining volume during the pullback suggests the market is waiting for the next breakout confirmation 🧐 Outlook: The main trend remains bullish, but after touching 3791, gold needs consolidation to absorb selling pressure. Holding above 3770 keeps the door open for another test of 3791, aiming toward 3800–3805. A break below 3770 could push gold toward 3755 before any rebound. 🎯 Trading Strategy (Suggested): 🔺 BUY XAU/USD • 📌 Entry: 3770–3773 • 🎯 TP: 3785 / 3795 / 3805 • 🛑 SL: 3765
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Pulls Back After Hitting $3726.5 High📌 Market Overview Gold tested a new high at $3726.5 before retreating to around $3720. The market shows short-term profit-taking pressure, but the broader bullish trend remains intact. 📊 Technical Analysis • Near resistance: $3725 – $3732 (recently tested zone). • Major resistance: $3745 – $3750. • Near support: $3712 – $3710. • Major support: $3697 – $3690. • EMA50 (H1): price pulling back toward EMA, suggesting a technical correction. • RSI (H1): easing from overbought, now around 62. 🧐 Outlook The primary trend remains bullish, but current movement suggests gold needs consolidation before extending higher. The $3745 – $3750 zone will be a critical resistance if momentum continues. 🎯 Trading Strategy 🔺 BUY XAU/USD : $3712 – $3715 🎯 TP: 40 / 80 / 200 pips 🛑 SL: $3705 🔻 SELL XAU/USD : $3745 – $3750 🎯 TP: 40 / 80 / 200 pips 🛑 SL: $3755
OANDA:XAUUSDLong
by Mian-FXSignals
Gold holds firm at $3680 – testing pressure toward $3725 resista📌 Market Overview Spot gold is trading around $3691/oz, recovering from Asian session lows. Strong USD and high yields keep pressure on, but safe-haven flows are limiting the downside. 📊 Technical Analysis • Near resistance: $3697 – $3707 (short-term ATH). • Major resistance: $3725 – $3732. • Near support: $3680 – $3670. • Major support: $3658 – $3650. • EMA50 (H1): price holding above EMA, keeping bullish bias intact. • Candles: lower wicks near $3680 suggest strong dip-buying interest. 🧐 Outlook Gold remains in a mildly bullish structure, but $3707 is key resistance. A rejection could push price back, while a breakout may target $3725. 🎯 Trading Strategy 🔺 BUY XAU/USD : $3682 – $3685 🎯 TP: 40 / 80 / 200 pips 🛑 SL: $3675 🔻 SELL XAU/USD : $3725 – $3730 🎯 TP: 40 / 80 / 200 pips 🛑 SL: $3735
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Breaks Out of Range, Targeting Higher Resistance📊 Market Developments: After consolidating in the 3643–3658 range, gold has broken out, moving up to 3665 in the US session. The rally is supported by safe-haven flows as expectations grow for further Fed easing, while the USD shows signs of stabilizing. 📉 Technical Analysis: • Key Resistance: 3672–3675 (a breakout could extend toward 3685–3692). • Nearest Support: 3658 (the breakout level) — if successfully retested, it may turn into new support. • EMA 09: Price is now above EMA09 → confirming short-term bullish momentum. • Candles / Volume / Momentum: A strong H1 breakout candle with higher volume confirms buyer dominance. 📌 Outlook: • Gold has exited the sideways range and is trending higher in the short term. • Holding above 3658 keeps the upside bias intact toward 3672–3685. • Downside risk only emerges if price falls back below 3658. 💡 Suggested Trading Strategy: • BUY XAU/USD at: 3658–3662 (on a retest after breakout) 🎯 TP: 40 / 80 / 200 pips ❌ SL: 3654 • SELL short-term only if a strong reversal signal appears around 3675–3685.
OANDA:XAUUSDLong
by Mian-FXSignals
Gold struggles within 3630–3675 range, awaiting breakout📊 Market developments • Yesterday, gold rebounded from 3633 to test the resistance zone at 3675 but failed, then dropped sharply to a low of 3627. • This morning, gold recovered from that low and is now trading around 3658–3660, showing that short-term buying pressure has re-emerged. • A stronger USD and slightly higher U.S. bond yields after the Fed meeting continue to weigh on gold, while expectations of further Fed rate cuts in the coming months prevent deeper declines. 🧭 Technical analysis • Near resistance: 3670–3675 (key short-term barrier, repeatedly rejected). • Major resistance: 3700 (psychological level; only a breakout would confirm a new bullish leg). • Near support: 3630 (yesterday’s low). • Major support: 3600–3610. • RSI on H1/H4 has rebounded from oversold levels, signaling potential for further recovery, though momentum remains weak. 📌 Outlook • In the short term, gold is expected to consolidate within the 3630–3675 range. • A breakout above 3675 could open the way toward 3700. • Failure to break 3675 would likely send prices back to retest 3630, or even lower toward 3600. 🎯 Trading strategy • Short-term SELL: around 3670–3675, SL above 3678, TP at 3640–3630. • Speculative BUY: around 3630–3635, SL below 3627, TP at 3665–3675.
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Volatile After Fed, Rebounds to 3670📊 Market Developments: • After the Fed’s 25 bps rate cut, gold surged sharply and hit a new all-time high at 3707. • Strong profit-taking and a temporary USD rebound then dragged gold down to 3633 in the Asian session this morning. • Currently, gold has rebounded to around 3670, showing buying demand returning after the sharp pullback. 📉 Technical Analysis: • Key Resistance: $3700 – $3707 (new peak). • Nearest Support: $3630 – $3635 (successfully tested this morning). • EMA09 (H1): Price just bounced back above the short-term EMA, indicating a short-term recovery trend. • Candlestick / Momentum: H1 candles printed a long lower wick around 3633 → signal of bottom-fishing demand. Momentum is recovering but resistance at 3700 remains tough, suggesting further choppiness ahead. 📌 Outlook: Gold is in a highly volatile state following the Fed decision. Holding above 3660–3670 could trigger another test of the 3700–3707 resistance area. Conversely, a break below 3660 may drag gold back to retest 3630. 💡 Suggested Trading Strategy: • SELL XAU/USD : $3702 – $3705 🎯 TP: 40 / 80 / 200 pips ❌ SL: $3708 • BUY XAU/USD: $3635 – $3638 🎯 TP: 40 / 80 / 200 pips ❌ SL: $3632
OANDA:XAUUSDShort
by Mian-FXSignals
2
Gold consolidates around $3,660 after Fed’s rate cut decision🧭 Market Overview Gold is currently trading around $3,660/oz after the Fed announced a 0.25% rate cut. Earlier, prices hit a new all-time high at $3,707/oz but quickly pulled back as the USD rebounded and profit-taking pressure increased. 📈 Technical Analysis • Near Resistance: $3,675 – $3,700 • Key Support: $3,645 – $3,630 • EMA50 (H1): price is moving sideways around this level, indicating consolidation. • Recent H1 candles show long upper wicks, reflecting selling pressure near $3,675. • Trading volume has declined after the spike, suggesting the market is waiting for a new catalyst. 🧐 Outlook • In the short term, gold is likely to consolidate – retrace within the $3,645–$3,675 range. • The broader trend remains bullish, but a clear breakout above $3,675 on H1/H4 closes is needed to confirm further upside. • A break below $3,630 would increase the risk of a deeper move toward $3,600. 🎯 Suggested Trading Strategy 🔺 BUY XAU/USD: $3,647 – $3,650 🎯 TP: 40 / 80 / 200 pips 🛑 SL: $3,643 🔻 SELL XAU/USD Entry: $3,675 – $3,678 🎯 TP: 40 / 80 / 200 pips 🛑 SL: $3,681
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Faces Resistance – Possible Short-Term Correction📊 Market Drivers: • Expectations that the Fed will cut interest rates have supported gold by lowering the opportunity cost of holding the metal. • The US dollar tends to weaken amid signs of slowing economic growth, which supports safe-haven demand for gold. • Geopolitical uncertainties and continued central bank demand also add upward pressure on gold. 📉 Technical Analysis: • Key Resistance: ~ $3,700 – $3,720 / ounce; a strong psychological round number level drawing market focus. • Nearest Support: ~ $3,660 – $3,645 / ounce; if this breaks, gold could test deeper support near ~$3,580. • EMA: Gold is trading above the EMA50 in many analyses → medium-term trend remains bullish. • Candlestick / Volume / Momentum: Signs of stalling near resistance; momentum could weaken if the USD firms up or if the Fed signals caution. Overbought RSI and momentum indicators could trigger a short-term pullback. 📌 View: Gold may see a short-term pullback if it fails to break above the ~$3,700–3,720 resistance zone. If bearish catalysts emerge – such as a stronger USD or a hawkish Fed stance – gold could retreat towards ~$3,645–3,660 support. On the other hand, a clear breakout above ~$3,700 could open the way towards ~$3,720 and higher. 💡 Short-Term Trading Strategy (Scalping before news): • SELL XAU/USD at: 3688 – 3692 (near short-term resistance) 🎯 TP: 40 / 80 / 200 pips ❌ SL: 3695 • BUY XAU/USD at: 3672 – 3668 (near intraday support) 🎯 TP: 40 / 80 / 200 pips ❌ SL: 3665
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Holds Strong, Buy on Nearby Support📊 Market Developments: • Gold remains firm above $3,680/oz, after hitting a fresh high near $3,689, supported by a weaker USD and strong Fed rate-cut expectations. • Traders are cautious ahead of Fed Chair Powell’s speech tomorrow, causing choppy moves at elevated levels. 📉 Technical Analysis: • Key Resistance: $3,720 – $3,730/oz → breakout could extend rally higher. • Nearest Support: $3,668 – $3,672 (EMA-09 H1) and $3,660 – $3,662 (recent pullback low). • EMA: Price trades well above EMA-09 and EMA-50 → bullish bias intact. • Candlestick / Volume / Momentum: Strong buying pressure in recent H1 candles, but RSI shows overbought signals → a short-term dip likely before resuming higher. 📌 Outlook: Gold remains bullish overall. Short-term corrections to $3,668 – $3,672 or deeper to $3,660 – $3,662 are likely buying opportunities if these supports hold. 💡 Suggested Trading Strategy: 🔺 BUY XAU/USD • Entry: $3,668 – $3,672 🎯 TP: 40 / 80 / 200 pips ❌ SL: $3665 🔻 SELL XAU/USD • Entry: $3,725 – $3,727 – small lot (if tested strongly) 🎯 TP: 40 / 80 pips ❌ SL: $3730
OANDA:XAUUSDLong
by Mian-FXSignals
2
Gold Sideways Ahead of FOMC, Holding Support at $3,638📊 Gold Analysis (XAU/USD) • Current: Price is trading around $3,642, holding support at $3,638, with resistance near $3,646–$3,650. Market remains sideways, waiting for Fed news. • Technical: o Holding above $3,638 → potential rebound to $3,650 – $3,655, possibly $3,668. o Break below $3,638 → could drop to $3,632 – $3,628. • Trend: Consolidation in a narrow range, awaiting FOMC breakout. • Strategy: o BUY around $3,638–$3,632 with tight SL. o SELL near $3,646–$3,655 if no breakout occurs.
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Holds Above $3,640, Market Awaits Fresh Catalysts📊 Market Movement: Gold is trading around $3,644/oz, consolidating in a narrow range after recent volatility. Investors remain cautious ahead of key Fed signals and U.S. economic data this week. A pause in the USD and U.S. bond yields is helping gold maintain crucial support. 📈 Technical Analysis: • Near support: $3,638 – $3,632 (H1 EMA20 + Asian session low). • Strong support: $3,620 (multiple tested lows). • Near resistance: $3,650 – $3,655 (Asian session high). • Strong resistance: $3,668 – $3,672 (H4 EMA50 + strong supply zone). • RSI on H1 remains above 50, showing mild bullish momentum. 🤔 Outlook: Gold is trading sideways within $3,638 – $3,655. A breakout above $3,655 may open the way to $3,670. Conversely, a breakdown below $3,632 could trigger a decline toward $3,620. The short-term trend remains in consolidation, awaiting a breakout signal. 🎯 Trading Strategy: SELL XAU/USD: $3,655 – $3,658 🎯 TP: 40 / 80 / 200 pips ❌ SL: $3661 BUY XAU/USD: $3,638 – $3,635 🎯 TP: 40 / 80 / 200 pips ❌ SL: $3632
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Holds Sideways Above $3,640, Awaiting Fresh Momentum📊 Market Developments: Gold prices are currently fluctuating around $3,648 – $3,650/oz during the Asian session. Markets remain cautious ahead of the upcoming Fed meeting, with strong expectations for a rate cut. A weaker USD and slightly lower bond yields support gold, but profit-taking pressure still prevents a clear breakout. 📉 Technical Analysis: • Key Resistance: $3,657 – $3,670 • Nearest Support: $3,638 – $3,626 • EMA: Price remains above EMA50, maintaining a short-term bullish structure. • Momentum: RSI around neutral zone (50–55), reflecting sideways consolidation awaiting signals. 📌 Outlook: Gold is likely to continue trading sideways within the $3,638 – $3,657 range until fresh U.S. economic data or Fed statements emerge. • A breakout above $3,670 could open the way to $3,700. • A breakdown below $3,626 may trigger selling pressure toward $3,600. 💡 Trading Strategy: • 🔻 SELL XAU/USD: $3,657 – $3,660 🎯 TP: 40 / 80 / 200 pips ❌ SL: $3663 • 🔺 BUY XAU/USD: $3,626 – $3,623 🎯 TP: 40 / 80 / 200 pips ❌ SL: $3620
OANDA:XAUUSDShort
by Mian-FXSignals
Next week's Fed decision,Has the gold bull market peaked?Let's take a look at the trend of gold this week at the weekend. The strong bull market of gold has slowed down this week. After continuing to rise to 3600 on Monday, it rose and fell to a peak of 3675 on Tuesday. From Wednesday to Friday, it fluctuated at a high level. So, does gold still have the motivation to continue to rise in the current situation? Or is 3675 the ceiling? This recent surge in gold prices began at 3311, reaching a high of $364 at 3675. Based on previous upward trends, a bull market typically peaks just over $400. Therefore, with limited room above 3700, blind buying is discouraged. Be wary of a potential reversal of price action after reaching the peak, with the upper limit at 3750. All of this depends on the Federal Reserve's interest rate decision next week. The market will become increasingly cautious as we approach this date. Therefore, gold is currently adjusting at a high level, just shy of a final acceleration towards the top. The uncertainty remains as to whether this acceleration will occur before or after the Fed's decision. If the rate cut is just 25 basis points, gold will have no further momentum to rally. Buying on expectations and selling on facts will lead to a peak and decline upon the announcement. However, if the rate cut is aggressively implemented by 50 basis points, gold will likely experience further upward momentum, most likely leading to a decline after a sharp rise. Therefore, gold is currently in a tailspin. At the end of the bull run, it's best to be bullish rather than chasing the market. It's prudent to wait for a pullback at key support levels before resuming a bullish trend. Two key support levels to watch are 3580 and 3511-3512. Having already seen four consecutive weekly gains, there's a high probability of a negative correction next week. Even if gold does rally next week, it will be the final stretch. The world's largest gold ETF has been steadily reducing its holdings in recent days, with bulls gradually taking profits. We shouldn't be tempted to buy at high levels, especially for medium- and long-term investors. It's important to emphasize that the overall trend and direction of gold remains upward, directly linked to the weakening US dollar. However, market trends aren't linear. After each bullish cycle, there's a deep correction, and this cycle repeats. This is how trends form. See if this pattern persists. Trading, then, is a process of finding the right position, following the trend and the swings. A cost-effective position gives you the confidence to hold onto your position without panic. For gold on Monday, expect continued volatility. Upper pressure lies between 3655 and 3660. A breakout would undoubtedly trigger a test of the 3675 high, leading to a potential surge and then a decline. Whether it can reach 3700 depends on the strength of the market, but I don't think the probability is high, at least for Monday. Lower support lies between 3635 and 3630, the 618 golden ratio. A break below would signal a short-term bearish bias, potentially leading to further declines to the 3610-3600 support levels.
OANDA:XAUUSDLong
by GoldenTrack_Daniel