Gold - Here we have the textbook breakout!📖Gold ( TVC:GOLD ) currently breaks out:
🔎Analysis summary:
After we saw Gold rejecting the previous all time high multiple times over the past couple of months, we are now witnessing a bullish breakout. If this breakout is confirmed in the near future, Gold will head for another parabolic rally higher, repeating the 2011 blow off top.
📝Levels to watch:
$3.500
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
Xauusdanalysis
Today's Gold Trading Recommendation From the 4H chart analysis, the effective support level remains around the 3620, a key defensive support zone to focus on currently. If this level is breached further, the bull-bear dynamic may shift in the future. On the upside, the key resistance lies in the 3700-3710 range.
In terms of trading operations, plan long and short positions within this range. For prices in the middle of this interval, it is advisable to watch more, trade less, avoid chasing trades recklessly and wait patiently for entries at key levels.
Buy 3630 - 3640
TP 3650 - 3660 - 3670
Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
ANFIBO | XAUUSD - What's the next plan today? [09.19.2025]Hello guys! It's me, Anfibo.
My previous OANDA:XAUUSD plan with the Sell entry at 3,670 – 3,674 delivered more than 400 pips in profit, confirming that the market reacted exactly as anticipated.
At present, observing the price structure, gold has completed a 5-wave Elliott impulse and is now transitioning into an ABC corrective phase. This is a classic scenario following a strong impulsive leg, where the market needs to rebalance before determining the next trend.
At the same time, the current price zone is also showing signs of forming a Head and Shoulders pattern, adding another layer of reliable technical confluence. This suggests that downside pressure remains in play, at least until the pattern is fully developed.
Key short-term resistance levels to watch are around 3,690 – 3,700 (maybe we will get a sell signal here)
Meanwhile, immediate support levels can be found near 3,630 – 3,620 – 3,615, with a deeper support at 3,590, which will be decisive for the longer-term bullish structure.
The preferred strategy is to wait for price reactions at these resistance confluence zones to look for short-term Sell signals, in line with the ongoing ABC correction.
Here's My Trading Plan
>> SUPPORT ZONES: 3645 - 3630 - 3615 - 3590
>> RESISTANCE ZONES: 3670 - 3680 - 3690 - 3700
>>> BUY SCALP
Entry: 3620 – 3615
SL: 3610
TP: 3650 – 3670
>>> SELL Scalp
Entry: 3670 – 3675
SL: 3680
TP: 3620 – 3590
Always set your Stop-Loss on every trade! Wishing everyone successful trading. XOXO
XAUUSD – End of Week U.S. Session | Trading SetupHello traders,
Today's gold trading range is quite narrow. As of now, the gold price remains steady around the 366x region.
The overall price structure hasn't changed from the previous scenario: we continue to wait to sell at the higher 367x level to secure a better position for the Sell signal. This approach helps optimize profit potential and aims for greater returns.
Market sentiment today seems cautious. Following the release of interest rate news, most investors are staying on the sidelines, resulting in no significant changes in trading volume.
Today's U.S. session trading scenario
Sell Setup (priority)
Sell Liquidity Zone: 3677 – 3680
SL: 3685
TP: 3650 – 3635 – 3627 – 3615 – 3600
Buy Scalping
Buy Zone 1: 3613 – 3615 | SL: 3608 | TP: 3625 – 3638 – 3645
Buy Zone 2: 3595 – 3598 | SL: 3590 | TP: 3610 – 3625 – 3638 – 3645 – 3670
Conclusion
In the end-of-week U.S. session, the priority strategy remains to Sell at higher price levels to ensure a safe position and good profit expectations. Short-term Buy orders should only be considered when the price hits the strong support zones mentioned.
Wishing everyone a disciplined and successful end-of-week trading session! Stay tuned for the quickest updates when the price structure changes.
New Fed Governor Milan's remarks ignited the market#XAUUSD OANDA:XAUUSD
The rapid rise in gold prices this evening was primarily driven by news events. Newly appointed Fed governor Clarida, expressing gratitude for Trump's nomination, stated that he would leave the Council of Economic Advisers if Trump asked him to remain at the Fed. Simultaneously, Clarida reiterated his support for a 50 basis point interest rate cut. These comments further stimulated the market, triggering another wave of risk-averse sentiment.
While the losses weren't due to technical factors, I don't deny that I did incur losses; facts are facts, and I never try to hide them, even if they're not my fault.
This latest news-driven surge in gold is purely based on risk-averse sentiment; the price will likely fall again once the market digests the news. In the short term, pay attention to the 61.8% retracement level, around 3676. If gold encounters resistance and pressure at this level, it will likely continue to decline. On Friday, don't be overly greedy; take profits of $10-30 and exit your position to avoid the risk of holding positions over the weekend.
3665-3625 box boundary, if not broken, continue to oscillate#XAUUSD OANDA:XAUUSD
I don’t know if you guys still remember that before the interest rate cut was announced, gold overall maintained a box-shaped fluctuation. Yesterday, gold continued the bearish trend of Wednesday, fluctuating downward, and rebounded after hitting a low of around 3627 in the evening. The overall trend was in line with our expectations. If you observe carefully, you will find that the current market has returned to the box range of 3665-3625.
As the center of gravity moves downward, the resistance moves down to 3650-3660, while 3630-3620 below constitutes short-term support. If gold cannot effectively break through the box boundary in the short term, then the market may remain volatile today.
From the perspective of the big cycle trend, if the intraday shock rebound fails to effectively break through 3665, it may form a head and shoulders top pattern in the future. Therefore, today's trading is mainly short selling. If the price falls back and touches the support but does not break, you can go long on gold with a light position.
Below 3670, shorting gold is still the main theme!After touching 3661, gold has repeatedly tested downwards today. However, this testing period repeatedly found support in the 3645-3640 area, failing to break further below. Judging from the current gold structure, gold as a whole shows a volatile and bearish trend. Although gold closed with long lower shadow candlesticks near 3627 and 3632 respectively, showing signs of bottoming out in the short term, it only exacerbated short-term volatility. Due to the obvious selling pressure from above, I expect that the rebound space for gold in the short term will be relatively limited.
According to the current gold structure, gold will face resistance in the 3665-3675 area in the short term. According to the current market performance, it may be difficult to break through this horizontal area easily in the short term. After all, there is considerable selling pressure from above. So for short-term trading, as long as gold remains below 3670, we can boldly short gold! However, because today is Friday and gold has failed to fall below the 3645-3640 area many times, it is best not to have too high expectations for the retracement space. Perhaps the 3655-3650 area will be a reasonable retracement target in the short term.
Bulls Defend 3630 zone – Is the Reversal Already Starting?In my yesterday’s analysis, I argued that Gold could extend its correction towards 3620 and even 3570 if the move deepened.
Indeed, during the day, price reached a new local low at 3628 before reversing sharply higher.
For several sessions now, I have been pointing out the risk of a correction. But the main message remained clear: this is only a correction within a much larger bullish trend.
So the key question today is: Is the correction over?
📊 Chart observations:
• The structure is corrective, with overlapping price action.
• After the Fed-triggered drop to 3635, price dipped again to 3628, and once more last night to 3632. Each of these dips has been quickly bought back, showing strong bull interest around the 3630 zone.
• Despite this, we are still under the falling trendline, which means caution is required.
⚖️ Trading stance:
This type of price action prompted me to close my short trades with around +550 pips profit. For now, I am adopting a wait-and-see approach but with a bullish bias in mind.
🟢 Two bullish scenarios I’m working with:
1. A fresh dip towards 3620 could provide a buying opportunity, as I would expect bulls to step in again.
2. If the price stabilizes above 3665–3670, I will consider the correction complete and start looking for long entries on strength.
At this stage, patience is key. Let the market show its hand, but the evidence suggests that the bullish trend is preparing for another leg higher. 🚀
Bearish Grip Tightens as 3585 Comes Into ViewAs gold continuously tests and falls below the 3650-3640 area, the space below has been opened to a certain extent. According to the current gold trend structure, as the candle chart shows a long upper shadow line near 3705, there are obvious signs of profit-taking, and there is strong selling pressure from above; a downward-opening trend channel is formed in the structural form, and the center of gravity of gold is gradually shifting downward. The bears are relatively stronger, and there is no obvious bottoming signal below at present. Gold still has the potential to continue to decline!
Although gold has rebounded slightly after several attempts at the 3635-3625 area, the strength of these rebounds has fallen far short of expectations, indicating relatively weak bullish momentum. As gold gradually moves downward, short-term resistance has shifted to the 3660-3670 area. Strong resistance is around 3685, but given the current rebound strength, it is unlikely that gold will reach this resistance area in the short term.
And I think gold will easily continue to decline and test the 3620-3610 area. Once gold falls below this area, the space below will be completely opened. Gold is likely to continue its downward trend to around 3585, and may even experience a deeper correction to around 3550.
Therefore, in a bearish market, we must firmly adhere to a short-gold trading strategy. If gold rebounds weakly to the 3655-3665 area, I would likely prioritize shorting gold. The short-term retracement target will first target the 3625-3615 area.
Gold After Fed Decision: Buy the Rumor, Sell the News?Gold ( OANDA:XAUUSD ) seems to have caught many traders by surprise, as many thought it would continue to create new daily All-Time High(ATH) with the Federal's interest rate announcement , but Gold followed the adage " Buy the rumour, sell the news ".
Gold started moving emotionally yesterday after the US interest rate announcement and made a new ATH($3,707.555) . Given the volume of yesterday's candle , it seems that Gold is having a hard time creating a new ATH.
Gold is currently breaking the Support lines , which is a sign of weakness in the bullish trend of Gold .
In terms of Elliott Wave theory , it seems that Gold has completed the main wave 5 and we should wait for corrective waves . Do you agree with me!?
I expect Gold to at least decline after the pullback of the Support lines to the First target($3,614) .
Second Target: $3,599
Third Target: $3,577
Stop Loss (SL) = $3,677
Note: To enter a short position, it is better to wait for an upward correction, but depending on the movement of gold and your strategy, you can open a short position.
Do you think Gold can create a new ATH anytime soon?
Please respect each other's ideas and express them politely if you agree or disagree.
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.
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Gold Cools Off: Is This a Buying Opportunity or A Warning Sign?Hello traders!
After a volatile session, gold prices fell yesterday (September 18th). The precious metal dropped 0.4% to $3,643.40/oz, while futures contracts lost 1.1% to $3,678.30/oz. This occurred after gold just set a new record of $3,707.40/oz on September 17th. Is this a sign of a major correction, or just a short-term profit-taking dip? Let's take a closer look!
Fundamental Analysis: The Market "Digests" the Fed's Message
While the Fed did cut rates by 0.25% as expected, the message from the meeting was not entirely "dovish." Fed Chair Jerome Powell raised doubts about the pace of future policy easing. He emphasized that the rate cut was just a "risk management" move to address a weakening labor market, not a firm commitment to aggressive easing.
USD Recovery: The Fed's cautious stance helped the USD index gain 0.5%, making gold more expensive for holders of other currencies.
Long-Term Drivers: Despite the short-term dip, experts remain optimistic about gold. The core growth drivers are still in place:
BRIC Central Bank Buying: Central banks, especially in China, continue to diversify their foreign reserves, reducing reliance on the USD.
Safe-Haven Demand: Ongoing geopolitical and trade tensions remain a key reason for investors to seek out gold.
Swiss Data Confirms: Data shows that gold exports from Switzerland to China jumped 254% in August 2025 compared to July, indicating that real demand is very strong.
Technical Analysis: Unpredictable Volatility
After the FOMC meeting, gold experienced wild swings, with resistance and support levels being broken quickly. The market is reacting more to macroeconomic news than to technical patterns.
Resistance: $3671, $3686, $3694
Support: $3647, $3632, $3612, $3598
Outlook: Today, we should still favor long positions if gold stays above the $365x level. However, if gold closes a candle below $364x during the US session, be cautious and consider a shift to sell positions.
Suggested Trading Strategy (Use Strict Risk Management):
SELL ZONE
Zone: $3686 - $3688
SL: $3696
TP: $3678 - $3668 - $3658 - $3648 - $3638
BUY ZONE
Zone: $3616 - $3614
SL: $3606
TP: $3624 - $3634 - $3644 - $3654 - $3664
The market is highly sensitive to news. Always be cautious and avoid over-trading. Do you think this is a buying opportunity or a time to step back? Share your thoughts in the comments below! 👇
#Gold #XAUUSD #Fed #GoldAnalysis #TradingView #FinancialMarkets #TechnicalAnalysis #GoldTrading #USD #BRIC
XAU/USD 19 September 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as analysis dated 18 September 2025.
As mentioned in analysis dated 04 September 2025, with respect to alternative scenario, price could potentially continue higher, is how price printed, price continued its bullish trajectory printing all-time-highs.
Price previously, and has now for the second time, printed a bearish CHoCH which is the first indication, but not confirmation, of bearish pullback phase initiation, however, due to the insignificant nature of the pullback, particularly relative to previous price action, I will apply discretion and not classify previous iBOS, I also have marked this in red.
Price has continued with it's bullish trajectory, subsequently printing a bearish CHoCH. We are now trading within an established range, however, I shall continue to monitor price action with respect to depth of pullback relative to recent price action.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 supply zone before targeting weak internal high priced at 3,703,240.
Alternative scenario: Price could potentially print higher-highs.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as analysis dated 18 September 2025.
Price has continued with its bullish trajectory, printing all-time-highs.
Previous price action printed a bearish CHoCH, subsequently printing higher, however, due to the insignificant depth of the pullback, relative to recent price action, I shall again apply discretion and not classify this an an internal high. This marked this in red.
Price has since continued bullish, printing a bearish CHoCH. We are now trading within an established internal range.
Intraday Expectation:
Price has reacted from an M15 demand zone, within discount of 50% EQ. Price to target weak internal high priced at 3,703. 240
Alternative scenario: All HTF's require a corrective move, price has since failed to target and close above weak internal high therefore, and in order to confirm HTF bearish pullback phase, price could target strong internal low, priced at 3,612.240.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
XAUUSD – Fibo Zones Poised for the Next Big Wave!📊 Quick Market Snapshot
Gold recently spiked to 3,707.40 USD/oz, briefly touching record highs before pulling back.
The USD’s 0.5% rebound made gold temporarily more expensive for non-dollar holders.
Despite short-term corrections, gold remains up 39% year-to-date, supported by strong safe-haven demand and ongoing market uncertainty.
🔢 Key Technical Zones (H1)
🔴 SELL ZONES
3,683.977 – Major resistance aligned with the descending channel.
3,669.089 – Secondary resistance where sellers may re-enter.
🟡 SUPPORT TARGET FOR SELLS
3,635.678 – Immediate support and the first downside target for shorts.
🟢 BUY ZONE
3,602.769 – Confluence of Fibonacci 1.5 & 1.618 extensions, strong potential for a bullish bounce if price dips.
📈 Suggested Trade Plan
1️⃣ SELL Setup – Trend Continuation
Look to SELL at 3,669–3,684 if price action shows rejection or reversal candles.
Take Profits: 3,635 → 3,602.
Risk Management: Move SL to entry once price moves favorably.
2️⃣ BUY Setup – Catching the Dip
BUY at 3,602–3,605 only if there’s a strong reaction or reversal signal.
Take Profits: 3,635 → 3,669, leaving a partial position open if price breaks the descending channel.
⚠ Trading Notes
Expect higher volatility; reduce position sizing for safety.
Enter trades only with clear candlestick or volume confirmation at key zones.
Avoid chasing mid-channel prices—focus on well-defined liquidity areas for optimal entries.
💬 Discussion
📊 Will gold test the buy zone before a rebound, or will sellers defend resistance to continue the downtrend? Share your thoughts or charts in the comments to compare strategies!
Gold vs USD: Fibo Zones Ready for the Next Wave📊 Market Context
Gold is extending its pullback after the FOMC, retreating from above 3,700$ as the USD rebounds from multi-year lows.
The Fed’s dovish tone provides underlying support, while rising geopolitical risks could limit downside pressure.
Expect choppy price action as traders weigh USD strength against safe-haven demand for gold.
🔢 Technical Levels & Key Zones (M30)
OB SELL ZONE (Retest FOMC Bearish): 3683–3685 (SL 3690)
Ideal for short-term selling if price retests with weak bullish momentum.
Retest Support – Sell Zone: 3650–3652 (SL 3660)
Secondary area for potential bearish reaction.
Support Zone: Around 3630–3628
Watch for liquidity sweeps or rejection signals here.
FIBO 1.5 & 1.618 BUY ZONE: 3615–3613 (SL 3605)
Strong confluence for potential long entries if price flushes deeper.
📈 Trade Plan Scenarios
1️⃣ Bearish Continuation (USD Strength Holds)
Sell on retest of 3650–3652 or 3683–3685, confirming rejection candles.
Targets: 3630 → 3615 (Fibo buy zone).
2️⃣ Bullish Rebound (Fed Dovish + Geopolitical Support)
Buy dips at 3615–3613, or partial entries on signs of support at 3630–3628.
Upside Targets: 3650 → 3685, with extended potential toward ATH Zone 3,707 if sentiment flips bullish.
⚠ Risk Management & Notes
Volatility may spike on additional USD headlines or geopolitical developments—use smaller position sizes.
Wait for candlestick confirmation before entering trades at key zones.
Avoid chasing price near mid-range; focus on well-defined liquidity levels.
💬 Discussion
📈 Will USD strength continue pressuring gold, or will Fed’s dovish stance and geopolitical tension fuel a rebound? Share your view or your chart below!
XAUUSD – Primary Trend: SELL TodayTechnical Analysis
Gold yesterday reacted repeatedly around the 363x zone (three times) but was unable to break decisively lower. This indicates that the support in this area remains significant. However, selling pressure has been persistent and fairly strong.
This morning, the upward move almost absorbed the liquidity of the previous H1 bearish candle, and price is now undergoing a short-term correction. Notably, the POC from the Volume Profile of the accumulation zone has not yet been fully retested, suggesting a strong possibility of price revisiting that area before resuming the broader trend.
Taking all technical factors into account, today’s bias remains on the SELL side, particularly when price retests key supply zones.
Trading Scenarios
SELL (preferred):
Entry: 3667–3670
Stop Loss: 3675
Take Profit 1: 3655
Take Profit 2: 3640
Take Profit 3: 3626
Take Profit 4: 3610
BUY (short-term countertrend):
Entry: 3613–3615
Stop Loss: 3608
Take Profit 1: 3625
Take Profit 2: 3633
Take Profit 3: 3645
Take Profit 4: 3660
Key Levels to Watch
3670: Major resistance, confluence with POC – SELL bias remains dominant.
363x: Strong support repeatedly tested; a clean break would confirm stronger downside pressure.
3610–3615: Potential demand zone, may trigger a short-term rebound.
If the support is not broken, you can go long on gold#XAUUSD OANDA:XAUUSD
After breaking through the support level of 3635, gold quickly rebounded near 3627, but silver, which is also a precious metal, did not change much. It is obvious that the main funds are controlling the market behind the scenes. If the US market retests the support of 3635-3625 and does not break, you can consider going long on gold, with the short-term target at 3655-3670
Elliott Wave Analysis XAUUSD – September 19, 2025
Momentum
• D1 timeframe: Momentum is currently declining, suggesting that the downtrend may continue until momentum enters the oversold zone. This process could take at least 2 daily candles, including the current one.
• H4 timeframe: Momentum is turning upward, but repeated reversals at the oversold zone, along with overlapping price action, indicate that the market is in a complex corrective phase.
• H1 timeframe: Momentum has already turned upward, with 3 H1 bullish candles formed. It is expected that within 1–2 more candles, momentum will likely reach the overbought zone.
Wave Structure
• D1 timeframe: The 5-wave black structure has been completed. The current correction is expected to last longer compared to the previous WXY triangle correction.
• H4 timeframe: Wave counting is complicated due to overlapping price movements. With momentum now recovering, wave B is likely unfolding, which will then be followed by the completion of wave C.
• H1 timeframe: A temporary channel can be drawn to observe price behavior. The market is likely in wave B (black), forming a Flat structure (ABC in blue). Wave C (blue) is projected to equal wave A (blue) at the 3667 level. This price zone also coincides with the boundary between high and low liquidity areas on the Volume Profile, making it a strong resistance zone for potential short entries.
Trading Plan
• Sell Zone: 3667 – 3670
• SL: 3680
• TP: 3644
Gold price analysis September 19Gold has recovered in the Tokyo session and is moving towards yesterday's US session resistance around 3672. The buying pressure is not strong enough to break the resistance in the European session, so be cautious with the possibility of a deep decline in today's weekend session, towards lower support zones around 3600.
The 3645 area - corresponding to the 50% level of the H4 candle - is playing an important support role. This is also the area where buying pressure is starting to accumulate and needs to be closely observed today.
📉 Trading plan:
SELL when the price is rejected around 3671
🎯 Target: 3600
📌 Note: Watch the price reaction at the 3645 area, if there is a confirmation signal from the buyers, this could be a reversal point to look for a BUY opportunity.
XAU/USD: Dip-Buyers Step In, Targeting a Fresh Push Higher📊 Technical Structure
Gold (XAU/USD) is trading around $3,652 after slipping below the $3,660 handle. The chart shows that price is holding near the support zone at $3,640–$3,635, while sellers capped upside momentum at the resistance zone $3,678–$3,684. Current structure suggests range-bound consolidation, with potential for a bullish rebound if buyers defend the support area.
🎯 Trade Setup
Entry: $3,635 – $3,640 (near support)
Stop Loss: $3,631 (below support zone)
Take Profit: $3,678 / $3,684 (resistance zone)
Risk/Reward: ~1 : 4.87
🗝️ Key Technical Levels
Resistance Zone: $3,678 – $3,684
Support Zone: $3,635 – $3,640
Major Resistance Above: $3,700 round figure
🌐 Macro Background
Gold remains pressured after the Fed’s 25 bps rate cut, which was less dovish than markets hoped. Powell’s cautious rhetoric supported a USD rebound, weighing on bullion. Still, the Fed’s projection of two more cuts in 2025 underpins medium-term bullish momentum for gold as real yields could decline further. At the same time, geopolitical risks in the Middle East provide safe-haven support, limiting deeper downside.
📌 Trade Summary
The bias favours a long entry near $3,640, aiming for the $3,678–$3,684 resistance zone. Price action remains constructive as long as $3,635 support holds. A decisive break below could open downside risks toward $3,620.
⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Trading involves significant risk, and proper risk management is essential.
ANFIBO | XAUUSD - What's the next plan today?Hello guys! It's me, Anfibo.
My previous OANDA:XAUUSD plan with the Sell entry at 3,670 – 3,674 delivered more than 400 pips in profit, confirming that the market reacted exactly as anticipated.
At present, observing the price structure, gold has completed a 5-wave Elliott impulse and is now transitioning into an ABC corrective phase. This is a classic scenario following a strong impulsive leg, where the market needs to rebalance before determining the next trend.
At the same time, the current price zone is also showing signs of forming a Head and Shoulders pattern, adding another layer of reliable technical confluence. This suggests that downside pressure remains in play, at least until the pattern is fully developed.
Key short-term resistance levels to watch are around 3,690 – 3,700 (maybe we will get a sell signal here)
Meanwhile, immediate support levels can be found near 3,630 – 3,620 – 3,615, with a deeper support at 3,590, which will be decisive for the longer-term bullish structure.
The preferred strategy is to wait for price reactions at these resistance confluence zones to look for short-term Sell signals, in line with the ongoing ABC correction.
Here's My Trading Plan
>>> BUY SCALP
Entry: 3,620 – 3,615
SL: 3,610
TP: 3,650 – 3,670
>>> SELL Scalp
Entry: 3,670 – 3,675
SL: 3,680
TP: 3,620 – 3,590
Always set your Stop-Loss on every trade! Wishing everyone successful trading. XOXO
ANFIBO | XAUUSD - What's next?Hello guys! It's me, Anfibo.
My previous OANDA:XAUUSD plan with the Sell entry at 3,670 – 3,674 delivered more than 400 pips in profit, confirming that the market reacted exactly as anticipated.
At present, observing the price structure, gold has completed a 5-wave Elliott impulse and is now transitioning into an ABC corrective phase. This is a classic scenario following a strong impulsive leg, where the market needs to rebalance before determining the next trend.
At the same time, the current price zone is also showing signs of forming a Head and Shoulders pattern, adding another layer of reliable technical confluence. This suggests that downside pressure remains in play, at least until the pattern is fully developed.
Key short-term resistance levels to watch are around 3,690 – 3,700.
Meanwhile, immediate support levels can be found near 3,630 – 3,620 – 3,615, with a deeper support at 3,590, which will be decisive for the longer-term bullish structure.
The preferred strategy is to wait for price reactions at these resistance confluence zones to look for short-term Sell signals, in line with the ongoing ABC correction.
Here's My Trading Plan
>>> BUY SCALP
Entry: 3,620 – 3,615
SL: 3,610
TP: 3,650 – 3,670
>>> SELL Scalp
Entry: 3,670 – 3,675
SL: 3,680
TP: 3,620 – 3,590
Always set your Stop-Loss on every trade! Wishing everyone successful trading. XOXO