XAUUSD - 1hr | Wyckoff EventSimple Trading: Distribution Phase
First, we can see that gold has started to consolidate. Once we see this, we look back at previous candles to identify the patterns in this phase:
(1) preliminary resistance
(2) the last buy
(3) a retest to confirm support
(4) confirm resistance without making a higher high.
(5) Higher high (typically a FAKEOUT)
We are waiting for the price to confirm the last step (6) to complete the pattern. If the price falls to SUPPORT, creating a LOWER LOWER, the Distribution Phase is complete. Expect gold turn to remain bearish.
Falling as low as 2815.
J-XAU
Gold might descend to a support level, breaching the resistance Hi, traders. I'd like to share with you my thoughts on Gold. On this chart, we can observe that the price has recovered from the mirror line and begun to rise. Shortly later, it approached the support level, broke it, and hovered for a while before returning to the mirror line. Later, the price broke through the support level once more and resumed trading inside a range. During this phase, it climbed to the resistance level, which coincided with the seller zone, before retreating to the mirror line. Gold then dipped into the buyer zone before quickly rising over the mirror line and into the seller zone. After this movement, XAU corrected below the mirror line and resumed its upward journey.
Shortly later, the price approached the resistance level, broke through it, and departed the range. For a while, gold traded above the seller zone, but it subsequently plummeted and is presently hovering at the 2930 resistance level within the sale zone. I anticipate Gold will climb little before continuing to drop, eventually shattering the resistance level. Furthermore, I believe that following the breakout, it will prolong its slide toward the 2865 support level. Please share this idea with your friends and click Boost! 🚀
📊 XAU/USD – Key Levels for the Week Ahead 🔍
Gold (XAU/USD) is trading within a well-defined range, testing the seller zone near resistance while eyeing the buyer zone near support.
🔴 Resistance Level: 2,930 - 2,940 (Seller Zone)
🟢 Support Level: 2,865 (Buyer Zone)
📉 Potential Scenarios:
1️⃣ Bearish Rejection from resistance could push price down to the support level (2,865).
2️⃣ Breakout Above 2,940 may signal further upside potential.
3️⃣ Range-Bound Movement between support and resistance until a clear breakout.
📌 Market Outlook: Watching price action near key levels for confirmation before entering trades! 🚀
Gold can drop to support level, breaking resistance levelHello traders, I want share with you my opinion about Gold. On this chart, we can see that the price rebounded from the mirror line and began to rise. Shortly after, it reached the support level, broke it, and hovered around this area for some time before dropping back to the mirror line. Later, the price broke through the support level once again and started trading within a range. During this phase, it climbed to the resistance level, which aligned with the seller zone, before pulling back to the mirror line. Gold then dipped into the buyer zone but quickly surged above the mirror line, entering the seller zone. After this movement, XAU corrected below the mirror line before resuming its upward trajectory. Not long after, the price reached the resistance level, broke through it, and exited the range. For some time, Gold traded above the seller zone, but recently, it dropped and is now hovering near the 2930 resistance level within the seller zone. I believe that Gold might rise slightly before continuing its decline, eventually breaking the resistance level. Additionally, I anticipate that after the breakout, it could extend its decline toward the 2865 support level. Please share this idea with your friends and click Boost 🚀
Gold (XAU/USD) Bullish Trend – Retest of Support Before BreakoutGold (XAU/USD) Bullish Trend – Retest of Support Before Breakout 🚀
📊 Timeframe: 4H
💰 Current Price: $2,938
📈 Trend: Strong Uptrend with Higher Highs & Higher Lows
Market Overview:
Gold is following a well-established bullish trend, consistently respecting the trendline support and bouncing off key support zones. The price is currently retesting a critical support level at $2,865, which aligns with previous breakout zones.
Key Levels to Watch:
✅ Support Zones: $2,865 (Major trendline support)
✅ Resistance Zones: $3,000 (Psychological level & next target)
✅ Potential Deeper Pullback: $2,730 (Secondary support)
Technical Analysis:
🔹 Trendline Holding: Price has respected the trendline multiple times, acting as dynamic support.
🔹 Support Zone Confirmation: Each dip into the support zones has led to a continuation of the uptrend.
🔹 Potential Breakout Towards $3,000: If support holds, gold could target the psychological level of $3,000.
Trade Plan:
🔹 Bullish Scenario:
A successful retest of $2,865 with bullish confirmation (strong candles, wicks rejecting lower levels) could trigger an entry.
Target: $3,000 (resistance zone)
🔹 Bearish Scenario:
If price breaks below $2,865, we could see a correction to $2,730 before resuming the uptrend.
GOLD Will Keep Growing! Buy!
Hello,Traders!
GOLD is trading in an uptrend
Along the rising support line
And the price made a bullish
Breakout of the key horizontal
Level of 2940$ which reinfrces
Our bullish bias and makes
Us expect a further
Bullish continuation
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
$BTC have a gold fractal!Please pay attention to the Bitcoin chart and the Gold fractal! It's incredible, but it looks very similar. The level of correlation is quite high! Similar formation of tops, bottoms, breakout without retest and then now breakout phase with retest. The retest was successful. Very soon there will be the strongest growth! Good luck!
Horban Brothers!
Gold is boring? Until it moves! – PipGuard Guide PT. 3 🔥 Gold is boring? Until it moves! – PipGuard Guide PT. 3 🔥
📢 Let's talk: FOLLOW ME, COMMENT, and DROP A BOOST! Because in here, we help each other and we mean business! 💪🔥
Welcome to the PipGuard Guide , the only one that tells it like it is: no filters, no fairy tales, just a pinch of sarcasm. Gold is playing hard to get (what a shock, right?), but trust me, sooner or later, it wakes up—and when it does, fireworks will follow.
🎯 Key levels to watch:
🚀 Bullish resistances: $2947 / $2943
🛠️ Bullish support: $2924
📉 Bearish resistances: $2918 / $2906
⚔️ Make-or-break level: $2906-$2905 ➜ Above? Bulls take charge. Below? Bears lurking.
💎 PipGuard Targets:
🎯 Bullish Premium: $3015
🔻 Bearish Premium: $2856
Watch out for $2906: that’s the thin line between paradise and disaster.
📌 If we hold above: bulls have room to run, aiming for $3015.
📌 If we break below: bears take over, dragging us down to $2856.
💡 So, what’s the move? Wait for a strong signal, then act—no hesitation. We're dancing above $2906, but if we slip… expect a hard fall. The market is either slapping us in the face or rewarding us with solid gold. And you? Ready to take your position?!
🔥 DROP A BOOST and COMMENT BELOW! What do you think? Sleeping gold or ready to strike? See you on the battlefield!
🚀 PipGuard
GOLD STRONG BULLISH BIAS|LONG|
✅GOL D made a strong bullish
Rebound from the horizontal
Support below of 2868$ just as
We predicted in our previous
Analysis and and is going up now
Which combined with the fact
That gold is trading in a strong
Long-term uptrend along the
Rising support line makes us
Bullish biased and IF we see a
Bullish breakout of the
Horizontal resistance level above
Around 2940$ this will serve as
A confirmation of our bullish
Bias and we will be expecting
A further bullish continuation on Gold
SWING LONG🚀
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GOLD Very Risky Short! Sell!
Hello,Traders!
GOLD is trading in an
Strong uptrend but the
Price will soon hit a strong
Horizontal resistance level
Of 2943$ which is an
All-time-high so after the
Retest we will be expecting
A local bearish correction
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Daily Market Outlook: BTC, DXY & Gold – Key Trade Setups (#5)The market still seems indecisive , but I’m here to find the best trade triggers for BTC and Forex. Let’s break it down.
📊 DXY – Breaking Key Support
DXY has entered a corrective phase after breaking below the 107.335 support.
🔹 Key Support Levels:
105.656 (Aligned with the 30% Fibonacci retracement)
103.367 (Aligned with the 60% Fibonacci retracement)
💡 106.602 could act as a short-term support, and if it breaks, it might be time to focus on USD pairs for potential setups.
🟡 XAU/USD (Gold) – Retesting ATH?
Gold rejected its all-time high at 2937.91 and now seems to be retesting this major resistance.
📊 What’s happening?
Gold is still in an uptrend, but momentum is fading.
Smaller bullish candles vs. larger bearish candles indicate possible exhaustion.
A correction could be healthy, but shorting remains risky in an uptrend.
📌 Trade Triggers:
✅ Long Entry: After a confirmed breakout above 2940
❌ Short Entry: Below 2879.74 (High risk due to trend direction)
📉 BTC – 95K Support Breaking?
BTC is attempting to break below the 95K support. If this level is lost, we could see a move toward 92K, 85K, and even 82K.
📌 Strategy:
✅ Short Trigger (Activated): 95245 (Yesterday’s signal)
✅ If You Missed It: Wait for a pullback or a new structure before entering.
Final Thoughts
⚠ This is a highly volatile market – avoid chasing trades and wait for confirmations.
⚠ If you’re not using risk management, these setups may not be suitable for you.
I’m Skeptic , see you tomorrow with another market breakdown! <3
Gold (XAU/USD) Technical Analysis – February 18, 2025Trend : Gold is in a strong uptrend, trading within a rising channel.
The price has consistently respected the green trendline (support).
Higher highs and higher lows confirm bullish momentum.
Key Levels:
Support: $2,750, $2,650 (major swing lows)
Resistance: $2,950, $3,000 (psychological level)
Technical Patterns:
There are multiple bullish breakouts from consolidation zones, marked by red resistance trendlines. The recent breakout above $2,850 suggests a continuation toward $3,000.
Ascending channel formation with a possible breakout to $3,250 in the long term.
Indicators:
Bollinger Bands: The price is riding the upper band, showing strong buying pressure.
Momentum: Continues to favor bulls unless there’s a breakdown below $2,850.
1-Hour Chart (Second Image) Analysis
Short-Term Trend:
Gold recently retested support around $2,880 and is consolidating.
Price is trading above the green trendline, maintaining a bullish structure.
Bearish Pullback Areas:
The bearish wick at $2,940 suggests rejection from strong resistance.
A break below $2,880 may signal a temporary correction toward $2,850.
Key Intraday Levels:
Support: $2,880, $2,850
Resistance: $2,940, $3,000
Possible Setups:
Breakout Buy: Above $2,940 → Target $3,000.
Support Buy: Around $2,880–$2,850 with stop loss below $2,840.
Short-term Sell: If price rejects $2,940 again, targeting $2,880.
Trading Ideas & Strategy
1. Swing Trading (Daily Chart Perspective)
Long Entry: Buy on a pullback near $2,850–$2,880, targeting $3,000–$3,250.
Stop Loss: Below $2,820.
2. Intraday Trading (1H Chart)
Buy: If price reclaims $2,940 → Target $3,000.
Sell: If price rejects $2,940 again → Target $2,880 with a stop loss at $2,955.
3. Risk Management
Keep SL tight (~$20-$30 range) due to Gold’s volatility.
Use trailing stop loss to secure profits as price moves higher.
Conclusion
Bullish Trend Dominates: Gold remains in a strong uptrend, and as long as it holds above $2,850–$2,880, buying dips remains the best approach.
Short-term Rejections Possible: If resistance at $2,940 holds, a small pullback may happen before another push higher.
Long-term Target: $3,000–$3,250 remains achievable in the coming weeks if bulls maintain control.
Bullish bounce?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 2,790.01
1st Support: 2,721.96
1st Resistance: 2,929.89
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GOLD REBOUND AHEAD|LONG|
✅GOLD went down from
The resistance of 2942$ just
As we predicted in our previous
Analysis and keeps falling
So now Gold is locally oversold
And after the retest of the
Horizontal demand level below
Around 2868$ a local bullish
Correction is to be expected
LONG🚀
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GOLD Risky Long! Buy!
Hello,Traders!
GOLD is making a strong
Bearish correction and
Looks locally oversold so
After it hits the horizontal
Support level of 2868$
We will be expecting a
Local bullish rebound
And a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Gold poised to extend rally to 3010 pointsHello traders, I want share with you my opinion about Gold. Looking at this chart, we can observe that a few days ago the price entered an upward channel and began to rise steadily. Shortly after, it climbed to the 2660 support level, which aligned with the buyer zone, and even broke through it. However, before making further progress, XAU corrected to the channel’s support line. Following this correction, the price retested the level and resumed its upward movement, eventually reaching the second support level located within a support area. Initially, there was another correction to the channel’s support line, but soon after, the price broke through the 2770 level as well and kept moving higher. Eventually, the price broke out of the first channel and transitioned into a new upward channel, where it reached the current support level, which also coincided with another support area. Gold managed to surpass the 2880 level and continued its bullish momentum. At the moment, the price is still climbing, and I anticipate that XAU will correct back to the channel’s support line before continuing its upward movement within the channel. For this scenario, I’ve set my TP at 3010 points, which aligns with the channel’s resistance line. Please share this idea with your friends and click Boost 🚀
GOLD / USD Long (Looking for Target 2 )After the news impact GOLD tends to move strongly.
XAUUSD
Long trade went incredibly great.
First Target has been meet.
GOLD looking for solid move towards target 2.
After target 2(which a major resistance for Gold) we might see a reversal
Best Regards,
The Panda
CAPITALCOM:GOLD
OANDA:XAUUSD
FX:XAUUSD
GOLD Local Short! Sell!
Hello,Traders!
GOLD made a bullish
Rebound from the support
Below just as I predicted
And is now going up again
But Gold will soon hit a
Horizontal resistance
Level of 2942$ which is
Also an all-time-high
So we will be expecting
A local bearish correction
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
GOLD WILL HIT RESISTANCE SOON|SHORT|
✅GOLD will be retesting a resistance level soon at 2942$
Which is an all-time-high
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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Bearish reversal off pullback resistance?XAU/USD is reacting off the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,908.42
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 2,943.41
Why we like it:
There is a swing high resistance level.
Take profit: 2,880.64
Why we like it:
There is an overlap support level.
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XAU/USD (Gold) - H1 Chart - Channel Breakout (12.02.2025)The XAU/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2835
2nd Support – 2797
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Thank you.
Bullish momemtum to extend?The Gold (XAU/USD) is falling towards the pivot which lines up with the 61.8% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 2,873.49
1st Support: 2,839.87
1st Resistance: 2,917.79
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.