Will growing fears of a labor market reignite demand for gold?
Gold staged a rebound as markets reacted to weaker US labor data and escalating trade tensions. Despite a solid Q2 GDP reading of 3.0% QoQ (prev. -0.5%, cons. 2.3%), the disappointing July NFP figure of 73k (prev. 140k, cons. 110k) raised fresh concerns about labor market softness. Meanwhile, recession risks were further fueled by President Trump’s approval of sweeping new tariffs—reaching up to 41%—targeting key non-aligned trade partners, intensifying fears of tariff-induced economic drag.
XAUUSD briefly broke below the 3300 support but rebounded, climbing back above both EMAs. The price is consolidating within the 3300–3440 range, indicating a sideways trend. If XAUUSD breaks below both EMAs and the 3300 support, the price could retreat further toward 3245. Conversely, if XAUUSD holds above both EMAs, the price may gain upside traction toward the 3500 high.
J-XAU
XAUUSD 4Hour TF - August 3rd,2025🟦 XAUUSD 4H Analysis Long Idea
📅 August 3rd, 2025
🔹 Top-Down Trend Bias:
• Monthly – Bullish
• Weekly – Bullish
• Daily – Bullish
• 4H – Bullish
Price has broken out of a consolidation, confirming short term bullish momentum in alignment with the higher timeframes. We’re now watching how price reacts on a potential retest of the key $3,320 structure.
🔍 Key Level: $3,320
This former resistance now acts as a critical support zone. How price reacts here will determine short-term direction.
✅ Scenario A: Bullish Continuation
Clean retest of $3,320–$3,335
1.Look for bullish confirmation: wick rejections, bullish engulfing, or lower timeframe structure shift
Target 1: $3,395
Target 2: $3,450
This setup aligns with the overall bullish bias. We have ideal R:R with a clear invalidation to exit on if $3,320 fails as support.
⚠️ Scenario B: Bearish Rejection
1.Failure to hold $3,320 = potential trap breakout
2.Look for structure below $3,320 + bearish conviction
Target: $3,225 support zone
Only valid if $3,320 flips to resistance and confirms structure shift.
🧠 Final Notes
• Let price confirm the setup
• Structure > emotion
• Both scenarios are valid, but only with confirmation
What to trade if you can't trust jobs data? U.S. President Donald Trump has dismissed the head of the Bureau of Labor Statistics (BLS), reportedly in response to jobs figures he disagreed with.
This raises concerns about the integrity of government-reported economic data, especially ahead of the next key Non-Farm Payrolls (NFP) release on September 5.
This upcoming report also includes the BLS’s annual revision, adjusting past job growth figures from April 2024 through March 2025. Goldman Sachs “estimate a downward revision on the order of 550,000 to 950,000 jobs—or a reduction of 45,000 to 80,000 jobs per month over the April 2024 to March 2025 period.”
Given macro uncertainty and signs of distrust in U.S. economic data, the bid for gold may persist.
Gold has rebounded sharply in recent sessions, breaking a short-term downtrend and climbing back above the 3,360 level. Price has now retraced more than 50.0% of the July 24–31 selloff. The pair may be Short-term bullish, if price holds above 3,310.
Smart Money / Price Action 5min scalping road map# 📈 ABC Pattern Explained for TradingView (Smart Money / Price Action)
The **ABC pattern** is a 3-leg corrective move in market structure, commonly used in price action, Elliott Wave, and Smart Money trading. It's mainly used to identify **pullbacks** or **correction zones** before a continuation of the main trend.
---
## 🔹 Structure of the ABC Pattern:
- **Point A**: The beginning of the move — often the end of a strong impulsive wave.
- **Point B**: The first retracement or pullback from Point A.
- **Point C**: The second corrective move that often goes beyond A, forming the completion of the correction phase.
The ABC legs can be:
- **A to B**: Impulsive or corrective.
- **B to C**: Generally a counter-trend retracement.
---
## 🔸 How to Identify on Chart:
1. **Find a strong trend** (uptrend or downtrend).
2. **Look for the first correction** — mark it as Point A to B.
3. **Next wave** that attempts to continue the trend but fails — mark the end as Point C.
4. **Use Fibonacci tools** to measure:
- **B retracement of A** (typically 50%–78.6%)
- **C extension** of AB (typically 127.2%–161.8%)
---
## 🔧 How to Draw on TradingView:
> You can use the `Trend-Based Fib Extension` tool or draw manually using the `Path` or `ABC pattern` tool.
### Step-by-Step:
1. Select the `ABC Pattern` tool from the **left toolbar** under “Prediction and Measurement Tools”.
2. Click on **Point A** (3320$).
3. Click on **Point B** (3350$).
4. Click on **Point C** (final corrective wave 3300$ ).
5. TradingView will automatically plot the shape with labels.
---
## 🧠 Pro Tips:
- Look for **liquidity sweep** or **order blocks** near Point C.
- Entry opportunity is often **after C**, targeting a **continuation** of the main trend.
- ABC is often part of **larger structures** like **complex pullbacks** or **smart money retracements**.
---
## ✅ Example Use:
- **Buy Scenario**:
- Strong uptrend → Price drops from A to B (retracement).
- Then price rises to C, failing to break above A → Possible new higher low formed.
- Enter long if price breaks above Point B again.
- **Sell Scenario**:
- Strong downtrend → A to B is a pullback.
- C attempts new high, fails → short entry after break of B.
---
## 📌 Settings Tip for Mobile Users:
- Zoom in for better point control.
- Use “Lock” feature to prevent accidental move.
- Customize color and label visibility in the style tab.
---
## 🔍 Keywords:
`ABC Pattern`, `Elliott Correction`, `Smart Money`, `Liquidity Grab`, `Break of Structure`, `Trend Continuation`, `Price Action Trading`, `Market Structure`
---
XAUUSD Technical AnalysisTechnical Analysis – Symmetrical Triangle with Retest
Current Market Situation
The chart shows a symmetrical triangle pattern, which is a continuation pattern often followed by strong directional movement.
The price has broken below the triangle, signaling a potential bearish move.
Currently, the price is in the retest phase of the broken triangle, which is an important area to confirm the bearish trend before continuing downward.
Key Zones
Retest Zone (Pullback): Located between current price and 3,374, which is a strong resistance area.
Targets (TP):
TP1: 3,322.97
TP2: 3,285.87
TP3: 3,262.59
Possible Scenarios
✅ Bearish Scenario (Preferred):
If the price holds below the retest zone, we expect a continuation to the downside towards:
Target 1: 3,322.97
Target 2: 3,285.87
Target 3: 3,262.59
⚠ Bullish Scenario (Alternative):
A daily close above 3,374 will invalidate the bearish scenario and may trigger a reversal.
Conclusion
The market shows a strong technical indication of a bearish continuation after confirming the retest.
Any daily close above 3,374 would cancel the bearish scenario.
It is recommended to monitor price action closely in the retest zone for confirmation before entering trades.
GOLD CORRECTION AHEAD|SHORT|
✅GOLD is going up now
But a strong resistance level is ahead at 3377$
Thus I am expecting a pullback
And a move down towards the target of 3352$
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD - Daily | More Consolidation??Gold is back in the upper range of this consolidation zone. You can see the high of the range is 3430, and the low is 3240 roughly.
Bulls:
Gold is pulling back into an Inverted FVG. If the price is bullish, then we should clear the gap with ease. Gold has just eliminated 4 days' worth of choppy bearish price action. Look for gold to give clear signs to enter a buy.
**A new daily candle should appear, creating a new FVG showing buyers are winning
Bears:
So with that said... If Gold fails to remain bullish after Friday's (Aug 1st) 700-pip jump, then the iFVG may have the price react bearishly. Watch for gold to give a clear sign of rejection before entering a sell
**Price may drop to cover Friday's gap. Doesn't mean it's bearish
GOLD Short From Resistance! Sell!
Hello, Traders!
GOLD surged up sharply
On Friday and is already
Retesting the horizontal
Resistance of 3377$
From where we will be
Expecting a local pullback
On Monday as Gold
Is locally overbought
Sell!
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Gold Slips After Powell Speech Below 3320 Bearish Pressure BuildGOLD Overview
Market Context:
Gold declined from the 3333 level, as anticipated in yesterday’s analysis, ahead of Fed Chair Powell’s speech. Powell reiterated that it is still too early for rate cuts, citing persistently high inflation, which supported the U.S. dollar and pressured gold.
Technical Outlook:
As long as gold trades below the 3320–3310 zone, the bearish momentum is expected to continue, with the next target at 3285. A confirmed break and stability below 3285 could open the way toward 3255.
To regain bullish traction, the price must stabilize above 3320.
Support Levels: 3285 • 3255
Resistance Levels: 3333 • 3349
Potential bearish drop?The Gold (XAU/USD) has reacted off the pivot and could drop to the 1st support.
Pivot: 3,306.31
1st Support: 3,239.07
1st Resistance: 3,357.09
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.
XAU/USD (Gold) - Triangle Breakout (1.08.2025)The XAU/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle 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 – 3249
2nd Support – 3225
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GOLD Local Short! Sell!
Hello,Traders!
GOLD made a retest
Of the horizontal resistance
Of 3313$ and we are already
Seeing a bearish reaction and
We will be expecting a further
Bearish move down
Sell!
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GOLD prep work to ATH retap has started. seed at 3270!First thing first.
Diagram above is in reverse metrics (USDXAU)
--------
GOLD, has been met with some well deserved respite on price growth after a series of parabolic highs this past few weeks. And this healthy trims are warranted in the grand scheme of things -- to sustain its upward trajectory. A price rest is definitely welcomed.
Now based on our latest daily metrics, gold is showing some low key hints of shift -- it may not be visible to 99% of traders -- but it is there now to magnify.
Diagram above is in reverse metrics (USDXAU). It is currently showing some pressure expansion for bears and hinting of prep work to reverse.
This is a precursor of a massive structure change-- for that elusive upside continuation.
On the daily metrics, we got some hop signals here as well from -- first one in a while. Price baselines detaching itself from the descending trend line. There maybe something here now. A good zone to seed on the most discounted bargain levels -- with safety.
Spotted at 3260.
Interim mid target: ATH at 3500
Long term. 4k++
Trade safely.
TAYOR.
XAU/USD Trendline Breakout (30.07.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3360
2nd Resistance – 3377
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XAUUSD H4 | Heading into pullback resistanceBased on the H4 chart analysis, the price is rising towards the sell entry, which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop to the take profit.
Sell entry is at 3,354.73, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 3,383.55, which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement.
Take profit is at 3,311.79, which is a multi-swing low support.
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Bullish bounce off?The Gold (XAU/USD) has bounced off the pivot, which acts as a multi-swing low support and could rise to the 1st resistance, which is slightly below the 50% Fibonacci retracement.
Pivot: 3,310.45
1st Support: 3,288.74
1st Resistance: 3,362.86
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 BEARISH BIAS|SHORT|
✅GOLD broke the rising
Support line which is now
A resistance and the price
Is retesting the line now so
We are locally bearish biased
And we will be expecting a
Local move down
SHORT🔥
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GOLD Slips as Dollar Gains on Trade Deal – Bearish Below 3349
Gold Pares Gains as USD Strengthens on Trade Deal Ahead of Fed
Gold gave up early gains, pressured by a stronger U.S. dollar after the announcement of the US–EU trade agreement.
Meanwhile, attention shifts to upcoming U.S.–China negotiations later today, as both sides aim to extend the current trade truce and avoid new tariffs.
Investors are also closely watching the Federal Reserve’s policy decision on Wednesday, seeking signals on future interest rate moves.
TECHNICAL OUTLOOK:
Gold maintains a bearish trend while trading below 3349, with potential downside toward 3320.
A 1H candle close below 3320 – 3312 would confirm extended bearish pressure targeting 3285, driven in part by ongoing geopolitical risks.
⚠️ To shift back to a bullish structure, the price must stabilize above 3349.
Key Levels:
• Support: 3320 – 3285 – 3256
• Resistance: 3365 – 3375
Bearish drop for the Gold?The price is reacting off the pivot and could drop to the 1st support, which is a swing low support that aligns with the 127.2% Fibonacci extension.
Pivot: 3,319.63
1st Support: 3,271.54
1st Resistance: 3,345.37
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.