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Goldsetup

Gold Bounces Back After Testing Key Support📊 Market Drivers • Gold dropped to around $3,352, touching a key support zone, then quickly rebounded to $3,373, gaining over +20 points. • The rebound is supported by continued weakness in the US Dollar and slight easing in Treasury yields, keeping gold attractive as a safe haven. • Although some optimism around US-Japan trade negotiations slightly reduced risk aversion, it wasn’t enough to push gold below support. 📉 Technical Analysis • Key Resistance: o $3,397 – $3,400: psychological resistance and near the next bullish breakout zone. o If breached, next target lies around $3,420–3,445. • Nearest Support: o $3,356 – $3,364: recently confirmed support zone that triggered the current rebound. o Deeper support at $3,326 – $3,320 if the rebound fails. • EMA (EMA50): o Price remains above the 50-period EMA, indicating bullish momentum in the short term. • Patterns & Momentum: o Market structure shows a "rising low" pattern — a bullish signal that buyers are stepping in at higher levels. o RSI was briefly in oversold territory and now supports a recovery bounce. o If $3,356 holds, the upside targets remain valid toward $3,397 → $3,439. 📌 Assessment • Gold has confirmed strong support at $3,356–3,364, with the rebound from $3,352 as proof. • Short-term uptrend remains intact, unless the USD strengthens sharply or unexpected macro news hits. • If gold breaks below $3,356, it may retrace toward $3,326–3,320, but the upside potential is currently favored. 💡 Suggested Trade Setups BUY XAU/USD: $3,356–3,364 🎯 Take Profit: 40/80/200 pips ❌ Stop Loss: $3,346 SELL XAU/USD: $3,397–3,400 🎯 Take Profit: 40/80/200 pips ❌ Stop Loss: $3,407
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Pulls Back to Support Zone📊 Market Overview: • Gold price fell sharply to $3,385/oz, after previously testing the $3,430 zone. • Short-term profit-taking and anticipation of upcoming U.S. economic data (PMI, durable goods orders) caused a mild USD rebound, pressuring gold lower. • Overall sentiment remains cautious as the Fed has yet to clearly signal a rate cut path. 📉 Technical Analysis: • Key Resistance: $3,430 – $3,445 • Nearest Support: $3,382 – $3,368 • EMA 09: Price just broke below the 9 EMA, suggesting a potential deeper correction unless it rebounds quickly. • Candlestick/Volume/Momentum: Bearish engulfing candle with rising volume – indicates strong selling pressure and momentum currently favoring the bears. 📌 Outlook: Gold is undergoing a short-term correction, currently testing the strong technical support zone at $3,382 – $3,385. If this zone holds, we may see a rebound toward $3,410 – $3,420. If it fails, gold could slide further toward $3,368 – $3,350. 💡 Suggested Trade Strategies: 🔻 SELL XAU/USD at: 3,395 – 3,400 🎯 TP: 3,375 ❌ SL: 3,405
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Likely to Rise as USD Weakens📊 Market Overview Spot gold (XAU/USD) is trading around $3,423–$3,427/oz, down ~0.2% after news of a US–Japan trade deal boosted risk sentiment. However, a weaker USD and lower US bond yields continue to support safe-haven demand. 📉 Technical Analysis • Resistance: $3,447 – $3,464 – $3,496 • Support: $3,399 – $3,367 • EMA9: Price is below EMA9 → short-term bearish; medium-term outlook remains bullish if price reclaims EMA20. • Momentum indicators: RSI ~69; MACD & ADX favor buyers. 📌 Outlook Gold may move sideways or edge higher if USD weakness persists. A rise in risk appetite (e.g. from trade deals) could pressure prices short term. 💡 Suggested Trading Strategy 🔻 SELL XAU/USD: $3,442–$3,445 🎯 TP: 40/80/200 pips | ❌ SL: $3,449 🔺 BUY XAU/USD: $3,402–$3,405 🎯 TP: 40/80/200 pips | ❌ SL: $3,399
OANDA:XAUUSDLong
by Mian-FXSignals
GOLD Rejected from Reversal Zone – Retest + Bounced & Major High📌 1. Major High & Liquidity Grab The chart starts by showing a strong impulsive move toward the upside that taps into a Major High zone (highlighted at the top). This is a classic MMC "liquidity grab" where price sweeps the previous high to trigger stop losses and collect orders before reversing. This is a common trap zone where retail traders get caught in FOMO buys. 📌 2. Reversal Area Identified The price entered a clearly marked Reversal Area between $3,430 – $3,445. This zone acted as: Historical supply area Psychological resistance Liquidity hunt zone Upon entry, strong rejection candles formed, signaling institutional sell pressure. This reaction aligns with MMC principles where reversal is expected post-liquidity collection from major highs. 📌 3. Parabolic Curve Formation – Bullish Impulse A beautifully formed parabolic curve (Black Mind Curve) supported the bullish rally from around $3,310 up toward the high. This shows accumulation → breakout → expansion. However, the curve has now been broken, suggesting that bullish momentum is weakening. ⚠️ This break of curve support is critical — it often leads to a corrective phase or a deeper retracement. 📌 4. Mini Reversal Zone + SR Interchange Zone Price has now pulled back to a very important area: the Mini Reversal Zone + SR Flip Zone around $3,400. This zone previously acted as resistance and now has the potential to act as support (classic SR interchange). According to MMC concepts: If this zone holds → we may see a bullish bounce and potential re-test of the upper reversal area. If this zone breaks → bears will likely push price toward the next demand level around $3,350 – $3,340. This is the decision point — a “battlefield” zone where market direction can be decided. 📌 5. Potential Scenarios Ahead: ✅ Bullish Scenario: Price respects the SR zone ($3,400) Forms bullish engulfing / continuation pattern Likely target: re-test of reversal zone ($3,430–$3,445) Beyond that: breakout possible if volume supports it ❌ Bearish Scenario: Price breaks below $3,395 with strong bearish candles Could confirm the rejection from the major high and trigger a full retracement Downside targets: $3,360 → $3,340 range 🔑 Final Thoughts: This GOLD setup is a perfect case of MMC theory in action — liquidity grab at the top, rejection at reversal zone, curve break, and now testing critical SR flip area. Keep an eye on: Candlestick behavior at the SR zone Volume confirmation Momentum indicators (if using) Wait for confirmation before jumping in — let the market reveal its hand at the decision zone.
FX:XAUUSD
by GoldMasterTrades
Gold Maintains Strong Momentum, Eyes 3435+📊 Market Drivers: • Gold prices surged as the USD weakened further and U.S. bond yields dropped. • Investors are increasingly betting that the Fed may cut interest rates in 2025, boosting demand for gold. • Ongoing trade tensions and expectations of comments from Fed officials are adding to bullish momentum. 📉 Technical Analysis: • Key Resistance: 3435 – 3440 • Nearest Support: 3410 – 3415 • EMA09: Price is above the EMA09 → confirms short-term uptrend • Pattern & Momentum: Clean breakout from the 3383–3390 range with strong volume, bullish momentum continues 📌 Outlook: Gold may continue rising in the short term if it holds above 3415. A pullback could offer a chance to re-enter long positions near new support levels. ________________________________________ 💡 Suggested Trade Setup: 🔺 BUY XAU/USD: 3415 – 3418 (on pullback) 🎯 TP: 40/80/200 pips ❌ SL: 3412 🔻 SELL XAU/USD: 3435 – 3438 (key resistance) 🎯 TP: 40/80/200 pips ❌ SL: 3442
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Could Extend Rally if Breaks 3,400📊 Market Overview Gold is currently trading around 3,400 USD/oz, up approximately +1.41% over the past 24 hours. The upward momentum is supported by a weakening US Dollar following dovish-leaning remarks from the Fed, along with growing demand for safe-haven assets amid trade uncertainties. 📉 Technical Analysis • Key Resistance: ~3,400–3,405 USD (psychological zone; a break above could open the path for further gains). • Nearest Support: ~3,370–3,375 USD, followed by 3,345–3,350 USD, which marks today’s low. • EMA 09/20: Price is currently trading above both EMA 9 and EMA 20, confirming a short-term uptrend. • Momentum / Oscillators: RSI is in the overbought zone; MACD and ADX still show a “buy” signal → bullish trend continues, but watch for possible technical pullbacks. 📌 Opinion The price may continue to rise if it breaks above the 3,400 USD/oz level, especially if the USD remains weak and safe-haven flows continue to support gold. However, if there’s short-term selling pressure or a USD rebound, gold may pull back toward the 3,370–3,375 USD support zone. 💡 Trade Setup SELL XAU/USD at: 3,400–3,405 USD 🎯 TP: 3,380 USD ❌ SL: 3,410 USD BUY XAU/USD at: 3,370–3,375 USD 🎯 TP: 3,390–3,395 USD ❌ SL: 3,360 USD
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Approaches New Resistance – Potential Short-Term Pullback📊 Market Update Gold is currently trading around $3,368–$3,370/oz, up approximately 0.5% today, supported by a weaker USD and slightly declining US Treasury yields. This comes amid global trade concerns and expectations that the Fed may adjust policy in upcoming meetings. 📉 Technical Analysis •Key Resistance: $3,375–$3,380 (pivot R2: $3,374.9, R3: $3,389.6) •Nearest Support: $3,360 (S1: $3,335.8) •EMA: Price is trading above the EMA9 / EMA20 / EMA50 / EMA200, confirming a strong uptrend •Candlestick / Volume / Momentum: o MACD & ADX still confirm strong bullish momentum o Price consolidating in a rectangle range of $3,352–$3,366 → watch for breakout or rejection at resistance 📌 Outlook Gold may pull back slightly if it fails to break through the $3,375–$3,380 resistance area and RSI continues hovering near overbought levels. 💡 Suggested Trade Strategy 🔻 SELL XAU/USD at: $3,375–$3,380 🎯 TP: 40/80/200 pips ❌ SL: $3,385 🔺 BUY XAU/USD at: $3,345–$3,348 🎯 TP: 40/80/200 pips ❌ SL: $3,339
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Maintains Bullish Tone – Eyes on $3,350 Breakout📊 Market Overview • Gold is trading around $3,339 – $3,340, after rebounding from the session low at $3,332. • The USD is temporarily weakening, and safe-haven flows remain steady — key factors supporting gold. • Markets are awaiting fresh U.S. economic data for clearer directional cues. 📉 Technical Analysis • Key Resistance Levels:   – Near-term: $3,344 – $3,345   – Extended: $3,352 – $3,356 (weekly highs) • Key Support Levels:   – Near-term: $3,332 – $3,335   – Extended: $3,320 – $3,325 (MA confluence + technical base) • EMA: Price remains above EMA 09, confirming a short-term uptrend. • Candle Pattern / Volume / Momentum: RSI is around 54–56; momentum remains positive but has cooled — suggesting potential consolidation. 📌 Outlook Gold is maintaining a bullish technical structure — if it breaks above $3,345, a move toward $3,352 – $3,356 is likely. On the downside, a drop below $3,332 could trigger a retest of $3,325 – $3,320. 💡 Suggested Trading Strategy 🔺 BUY XAU/USD: $3,324 – $3,327 • 🎯 TP: 40/80/100 pips • ❌ SL: $3,320 🔻 SELL XAU/USD :$3,352 – $3,355 • 🎯 TP: 40/80/100 pips • ❌ SL: $3,359
OANDA:XAUUSDLong
by Mian-FXSignals
2
Gold Continues Short Term Uptrend📊 Market Overview: 💬Gold is currently trading around $3,340 – $3,352/oz, down slightly (~0.25%) on the day but still consolidating near recent highs around $3,500. 🌍 Geopolitical tensions (trade wars, Middle East conflicts) and strong central bank gold purchases continue to support long-term demand. 📅Markets are awaiting key U.S. inflation data and Fed signals, which may trigger volatility in the short term. 📉 Technical Analysis: 🔺Key resistance: $3,360 – $3,380, with the psychological zone at $3,400–$3,420. 🔻Nearest support: $3,330 – $3,332, followed by a firmer zone at $3,300–$3,326 (based on Fibonacci and moving averages). • EMA/MA: ✅ Price is trading above the 50-day MA ($2,862), confirming a medium-term uptrend. ⚠️ While no specific EMA 09 data is noted, current price action suggests bullish momentum. • Momentum / Candlestick / Volume: 📏RSI (14) is near 50–55, signaling positive momentum without being overbought. 🔄MACD is slightly negative but the overall structure remains bullish. 📌 Outlook: Gold may continue to rise in the short term if it holds above the $3,330–$3,332 support zone, with potential to test resistance at $3,360–$3,380 and possibly revisit the $3,400 level. A break below $3,330 could open the path toward deeper support around $3,300. 💡 Suggested Trading Strategy: SELL XAU/USD: 3,367–3,370 🎯 TP: 40/80/200 pips ❌ SL: 3,374 BUY XAU/USD: 3,330–3,333 🎯 TP: 40/80/200 pips ❌ SL: 3,326
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Roadmap: Next Stop $3,325 After Ascending Channel Break?Gold ( OANDA:XAUUSD ) failed to touch the Potential Reversal Zone(PRZ) in the previous idea , and I took the position at $3,351 = Risk-free. Gold is moving in the Resistance zone($3,366-$3,394) and has managed to break the lower line of the ascending channel . In terms of Elliott Wave theory , with the break of the lower line of the ascending channel, it seems that gold has completed the Zigzag correction(ABC/5-3-5) . I expect Gold to trend downward in the coming hours and succeed in breaking the Support zone($3,350-$3,325) and attacking the Support line again , and probably succeeding in breaking this line this time. Note: Stop Loss (SL) = $3,396 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.
OANDA:XAUUSDShort
by pejman_zwin
25
Gold Short Term OutlookGold has pulled back sharply from the 3,354 resistance but found support inside the Pullback Zone (3,335–3,3305 where buyers have stepped back in. Price is now attempting to reclaim ground, trading around 3,341, with the 50MA acting as dynamic resistance overhead and the 200MA as dynamic support. For the bullish move to continue, we need to see a clean break and hold above 3,354. That would reopen the path toward 3,383 and 3,400, with 3,416 as the higher-timeframe target. If price fails to clear 3,354 and rolls over again, watch the Pullback Zone (3,335–3,305) for signs of exhaustion. A break below 3,305 would shift focus to the deeper Support Zone (3,289 - 3,267) and potentially toward 3,241 - 3,208 if bearish pressure accelerates. 📌 Key Levels to Watch Resistance: ‣ 3,354 ‣ 3,383 ‣ 3,400 ‣ 3,416 Support: ‣ 3,335 ‣ 3,305 ‣ 3,289 ‣ 3,267 ‣ 3,241 🔎 Fundamental Focus – PPI Release Today Today’s U.S. Producer Price Index (PPI) will be closely watched as a follow‑up to yesterday’s CPI data.
OANDA:XAUUSD
by azgoldtrader
Gold Likely to Extend Gains as USD Weakens, but Faces Resistance📊 Market Move: Gold surged to a three-week high near $3,370/oz, driven by safe-haven demand amid renewed trade tensions between the U.S. and EU/Mexico and threats of a 100% tariff on Russian imports. Investors are now focused on upcoming U.S. CPI data, which could trigger sharp moves if inflation comes in below expectations. 📉 Technical Analysis: • Key Resistance: ~$3,365–$3,372; a breakout could open the way to $3,400–$3,440 • Nearest Support: ~$3,340 (S1), then ~$3,326 (SMA50), and deeper at $3,300–$3,320 (Fibonacci zone) • EMA: Price remains above short-term EMAs (20/50/100), suggesting a continuing bullish bias • Candlesticks / Volume / Momentum: • RSI is neutral-to-bullish around 54; MACD shows strengthening bullish momentum • Bollinger Bands are narrowing, signaling potential for a breakout 📌 Outlook: Gold may continue edging higher or consolidate around the $3,365–$3,372 resistance zone if no new geopolitical shocks occur. However, if U.S. CPI comes in below expectations or if USD/Yields weaken, gold could rally further toward $3,400–$3,440. ________________________________________ 💡 Suggested Trading Strategy 🔻 SELL XAU/USD at: $3,370–3,373 🎯 TP: 40/80/200 pips ❌ SL: $3,376 🔺 BUY XAU/USD at: $3,340–3,337 🎯 TP: 40/80/200 pips ❌ SL: $3,334
OANDA:XAUUSDLong
by Mian-FXSignals
Gold May Temporarily Correct Under Resistance Pressure📊 Market Overview: • Gold reached resistance around $3,365–$3,370/oz before showing signs of cooling due to mild profit-taking. • Ongoing trade tensions and geopolitical risks — such as President Trump’s tariff plan — continue to support safe-haven demand, driving gold close to a three-week high. • Strong central bank purchases reinforce the long-term bullish outlook. 📉 Technical Analysis: • Key Resistance: $3,365–$3,370 • Nearest Support: $3,300–$3,320 • EMA 09: Price is currently below the EMA 09, suggesting a potential short-term pullback. (Price is still above the EMA50, supporting the recent uptrend.) • Candlestick patterns / Volume / Momentum: o RSI near 57 – neutral but slightly declining. o MACD and ADX remain bullish, indicating underlying strength but with possible short-term consolidation ahead. 📌 Outlook: Gold may experience a short-term pullback if it fails to break through the $3,365–$3,370 zone and geopolitical tensions ease. However, the medium-to-long-term trend remains bullish, especially as central banks continue to accumulate gold and global risks persist. 💡 Suggested Trading Strategy: SELL XAU/USD: $3,363–$3,366 🎯 Take Profit: 40/80/200 pips ❌ Stop Loss: $3,369 BUY XAU/USD : $3,317–$3,320 🎯 Take Profit: 40/80/200 pips ❌ Stop Loss: $3,214
OANDA:XAUUSDShort
by Mian-FXSignals
Gold in Equilibrium, Possible Minor Pullback📊 Market Overview: • Spot gold currently trades around 3,332–3,333 USD/oz • A slightly weaker US dollar and declining Treasury yields are supporting gold • Yet strong US jobs data and delayed Fed rate cuts are limiting gold’s upside • Escalating trade tensions and new tariffs keep safe-haven demand intact 📉 Technical Analysis: • Resistance: 3,345–3,350 USD, repeatedly tested zone • Support: 3,316–3,322 USD, strong bottom near 3,310 USD • EMA 9: Price hovering around it—no clear trend direction • Momentum/RSI: RSI fading from overbought, momentum weakening • Candle Patterns/Volume: Narrow consolidation, forming pennant structure 📌 Outlook: Gold is likely to remain range-bound or dip slightly if USD strengthens. Conversely, renewed economic headwinds or Fed dovishness could push gold higher, especially on a break above 3,345 USD. 💡 Suggested Trade Strategy: SELL XAU/USD : 3.347–3.350 🎯 TP: 40/80/200 pips ❌ SL: 3.355 BUY XAU/USD : 3.316–3.319 🎯 TP: 40/80/200 pips ❌ SL: 3.310
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Rejected at 3329.5, Profit-Taking Pressure Rises📊 Market Overview: Gold surged to 3329.5, approaching key resistance, but quickly dropped to 3319.8 due to strong selling pressure, signaling short-term profit-taking. It’s now slightly recovering and trading around 3321. 📉 Technical Analysis: • Key Resistance: 3329 – 3335 • Nearest Support: 3308 – 3285 • EMA 09: Price remains above EMA 09 → uptrend still intact. • Candlestick / Volume / Momentum: H1 candle shows long upper wick at resistance. High volume at the top suggests profit-taking activity. 📌 Outlook: Gold may continue a short-term correction if it fails to break above 3330 decisively. Bulls need to hold 3308 to maintain the upward structure. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD : 3330 – 3333 🎯 TP: 40/80/200 pips ❌ SL: 3336 🔺 BUY XAU/USD at: 3302 – 3305 🎯 TP: 40/80/200 pips ❌ SL: 3399
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Rebounds from 3283, Eyes 3315 Resistance📊 Market Overview: • Gold dropped sharply to a low of $3283 earlier today before rebounding strongly back to around $3312, supported by renewed buying interest. • The recovery is fueled by risk-off sentiment amid ongoing trade negotiation uncertainty and a mild pullback in the U.S. Dollar Index. • Central bank buying continues to underpin gold’s base, despite mild pressure from rising U.S. bond yields. ________________________________________ 📉 Technical Analysis: • Key Resistance: $3315 – $3335 • Nearest Support: $3280 • EMA 09: Price is trading above the 9-period EMA, signaling a short-term bullish trend. • Candle pattern / Momentum: A strong bullish engulfing candle formed after bouncing from $3283 on the H1 chart. MACD is crossing upward, and RSI is approaching the 60 level, suggesting bullish momentum. ________________________________________ 📌 Outlook: Gold may continue to recover in the short term if it holds above the $3300 level and successfully breaks through $3315 resistance. However, failure to break above this resistance could lead to a short-term pullback toward $3290–$3280. ________________________________________ 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD at: $3315–3325 🎯 TP: $3295 ❌ SL: $3330 🔺 BUY XAU/USD at: $3285–3295 🎯 TP: $3315 ❌ SL: $3280
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Drops to 3,284 – Short-Term Support at Risk📊 Market Overview Gold fell sharply this morning to $3,284/oz amid a modest USD rebound and profit-taking pressure following several range-bound sessions. The lack of fresh catalysts also contributed to weaker momentum. 📉 Technical Analysis • Key Resistance: 3,315 – 3,330 • Nearest Support: 3,280 – 3,275 • EMA 09: Price is currently trading below the EMA 09 on both the H1 and H4 timeframes → short-term bearish signal • Candle Patterns & Momentum: – H1 candle shows a bearish engulfing pattern near the 3,305 area → confirms downward pressure – RSI is below 45, MACD has crossed below its signal line → bearish momentum dominant – If the 3,275 level is breached, gold could continue to fall toward 3,260 📌 Outlook Gold is leaning toward further downside unless it can hold above the 3,280 support level during today’s session. 💡 Trade Strategy 🔻 SELL XAU/USD at: 3,295 – 3,398 🎯 TP: 40/80/200 PIPS ❌ SL: 3,305 🔺 BUY XAU/USD at: 3,275 – 3,278 🎯 TP: 40/80/200 PIPS ❌ SL: 3,269
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Ranges at $3,330–$3,335 – Ready for the Next Move📊 Market Overview: Gold is currently trading around $3,330–$3,335/oz, supported by a softer US Dollar and cautious sentiment ahead of key US labor data. According to TradingView, gold is consolidating in a tight range, reflecting market indecision while awaiting a clear breakout signal. 📉 Technical Analysis: • Key resistance: $3,345–3,350 – a strong supply zone that recently rejected price. • Nearest support: $3,320–3,330 – multiple bounce points observed here. • EMA09: Price is hovering around the 09 EMA on both 1h–4h timeframes → neutral/slightly ranging. • Candlestick / Volume / Momentum: o A “bearish flag” pattern appears to be forming, suggesting potential for a downside breakout. o Weak buying volume during upward moves signals limited bullish strength. 📌 Outlook: • Gold may continue to consolidate between $3,330–$3,345. • A break above $3,345 with strong volume could open the path to $3,360–$3,380. • A break below $3,330 could lead to further correction toward $3,300–$3,320. 💡 Suggested Trading Strategy: SELL XAU/USD at: 3,343 – 3,345 🎯 TP: 40/80/200 pips ❌ SL: 3,355 BUY XAU/USD at: 3,330 – 3,327 🎯 TP: 40/80/200 pips ❌ SL: 3,320
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Continues Slight Pullback📊 Market Overview: • Gold prices dropped ~0.7% to around $3,319/oz as optimism over the US trade negotiations and a tariff delay (from July 9 to August 1) reduced safe-haven demand. • The US dollar strengthened slightly on upbeat economic data and expectations that the Fed will not cut interest rates in July, adding pressure on gold prices. 📉 Technical Analysis: • Key resistance: $3,348 – $3,360 – $3,400 • Nearest support: $3,318 – $3,290 • EMA09: Gold is trading below the EMA50, indicating a short- to mid-term bearish bias. • Candle/volume/momentum: On the 1H and 15-min charts, the price structure shows a clear bearish expansion – trading below pivot levels with a "bearish opening" setup, suggesting strong selling momentum. 📌 Outlook: Gold may continue to move slightly lower in the short term if positive trade headlines and USD strength persist. However, if there’s unexpected negative news—like geopolitical tensions or a Fed policy pivot—gold could quickly rebound. 💡 Suggested Trading Strategy: SELL XAU/USD at: 3,348 – 3,350 🎯 TP: ~40/80/200 pips ❌ SL: ~3,355 BUY XAU/USD at: 3,290 – 3,295 🎯 TP: ~40/80/200 pips ❌ SL: ~3,285
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Consolidates Around 3,310 – Waiting for a Breakout📊 Market Developments: • Gold is currently holding near $3,310, which aligns with the weekly pivot level on TradingView. • With the upcoming FOMC minutes and key data (CPI, NFP) approaching, the market remains cautious. The USD is stable, keeping gold in a tight range. 📉 Technical Analysis: • Short-term Resistance: $3,325–3,335 (H4 supply zone) • Nearest Support: $3,300–3,305 (weekly pivot + H1/H4 lows) • EMA 09 on H4: Price is trading below EMA09 → short-term bearish bias. • Candlestick/Volume/Momentum: Lower highs on H4 candles with declining volume indicate weak buying momentum and a possible continuation of consolidation or mild pullback. 📌 Outlook: • As long as gold stays below $3,305 and the USD remains firm, a pullback toward $3,300–3,295 is likely. • A break above the $3,325–3,335 resistance zone could trigger a rally toward $3,350 or higher. 💡 Suggested Trade Setup: 🔻 SELL XAU/USD at: $3,322–3,325 🎯 TP: $3,300 ❌ SL: $3,332 🔺 BUY XAU/USD at: $3,300–3,303 🎯 TP: $3,325–3,335 ❌ SL: $3,295
OANDA:XAUUSDLong
by Mian-FXSignals
1
Gold Drops as NFP Beats, USD Gains📊 Market Overview: • June’s Non-Farm Payrolls came in stronger than expected at +147K (vs 110K forecast), with unemployment ticking down to 4.1%. • The US Dollar surged (DXY up ~0.5%) and Treasury yields rebounded following the release. • Gold dropped sharply after the report, hitting a session low of $3,311 and is now trading around $3,328. 📉 Technical Analysis: • Key Resistance: $3,364 • Immediate Support: $3,311 • EMA 09 (H1): Price is below the 09 EMA → confirms short-term bearish trend. • Pattern / Momentum: A bearish engulfing candle near $3,364 signaled strong seller control. The failure to bounce afterward suggests persistent bearish pressure. RSI is tilting lower, confirming weakening momentum. 📌 Outlook: Gold may continue to decline toward the $3,300–$3,290 area if USD and yields remain firm, especially if upcoming US data (such as ISM Services PMI) also supports the dollar strength. 💡 Suggested Trade Setup: 🔻 SELL XAU/USD at: $3,333 – $3,335 🎯 TP: $3,300 ❌ SL: $3,339 🔺 BUY XAU/USD at: $3,293 – $3,290 🎯 TP: $3,330 ❌ SL: $3,287
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Short Term OutlookYesterday, we highlighted that gold had reclaimed the 200MA and that the $3,327 support level needed to hold for further upside. Since then, price has steadily climbed and is now testing the $3,364 resistance — a level that also aligns with an unfilled gap. Price action remains bullish for now, with price holding firmly above both the 50MA and 200MA. If buyers manage to clear and hold above $3,364, we could see further upside toward $3,383 and $3,400, with possible extension into $3,418. However, if price fails to break above $3,364, we may see a pullback into the $3,335–$3,327 zone. A break below there could open the door for a deeper drop into $3,298 or even $3,270. 📌 Key Levels to Watch: Resistance: $3,364 • $3,383 • $3,400 • $3,418 Support: $3,352 •$3,335 - $3,327 • $3,298 • $3,270 🧠 Fundamental Focus: 📌 ADP Non-Farm Employment Change 📌 Initial Jobless Claims 📌 ISM Services PMI 📌 ISM Non-Manufacturing PMI ⚠️ With multiple red folder events on the calendar, expect elevated intraday volatility. Manage risk accordingly.
OANDA:XAUUSD
by azgoldtrader