Gold Faces Resistance, Potential Pullback AheadGold (XAUUSD) is currently trading around \$3,716 after a strong bullish rally but is now approaching a key resistance zone. The chart suggests a potential rejection from this supply area, with a short entry setup targeting the \$3,695 level. If selling pressure holds, price could extend further downward after retesting the entry zone.
Livesignals
M30 Gold at Key Support: Break or BounceThis chart of Gold Spot (XAU/USD) on the 30-minute timeframe shows price reacting around a key support zone highlighted in purple. After a steady decline from the Fair Value Gap (FVG) area, price has tapped into the demand zone and is currently consolidating. From here, two potential scenarios stand out: if buyers defend this level, we could see a bullish reversal toward the 3,680–3,700 zone; however, if sellers break below the support, continuation to the downside toward 3,610–3,600 is likely. The current setup suggests watching closely for confirmation before entering either direction.
Gold continues to trade lower Gold continues to trade lower despite minor profit booking in US treasury yields.
Global stock market- bullish (Negative for gold)
US dollar index –Bullish (negative for gold)
Technical:
The near–term support is around $1938, violation below targets $1919/$1900.
good to sell $1960
SL $1980
TP $1890.
GOLD, XAU/USD, HEAD & SHOULDERS BOTTOM !!! HEAD AND SHOULDERS BOTTOM, EVERYBODY KNOWS THAT WE SHOULD ENTER INTO A LONG POSITION WHEN THE PRICE RISES ABOVE THE RESISTANCE OF NECKLINE
I'm a new user at trading view i already posted this movement days ago at my instgram account,
and here i share it with you,
we already still have enougt dollars to collect,
the estimated tp rate is 1,850$, because it's the same percentage at the depth of the head to neckline 12.3%,
me as good trader wouldn't go at the biggest rate i'll go less with 15$,
i wish all the best for us,
lets watch and have fun,