8/5: Watch for Short Opportunities Near 3400Good morning, everyone!
On Wednesday, gold held above the key support area at 3343–3337, and subsequently broke through the 3372–3378 resistance zone, leading to a strong bullish move and solid long-side gains.
Today, attention should shift to the major resistance around 3400. If bullish momentum continues, price may approach the secondary resistance near 3420. However, from a technical perspective, signs of bearish divergence have begun to emerge. Should price continue rising while momentum weakens, the risk of a short-term correction increases accordingly.
Key levels to monitor:
Primary resistance zone: 3404–3416
Intermediate supply area: around 3398
Crucial support zone: 3372–3363 (a hold here could support further upside)
⚠️ Cautionary Note:
The US PMI data release during the New York session could introduce volatility. Be sure to maintain strict risk management and stop-loss discipline during periods of increased uncertainty.
🔁 Trading Bias for Today:
Prefer selling into strength near resistance, while cautiously considering buying on dips near support.
The 3343–3337 area continues to serve as the primary support zone, and price action around this level will be critical in determining the next directional move
Xauusdidea
XAUUSD Intraday Signal Analysis – Gold Price Momentum & RSI SetuIn today’s 1-hour chart of XAUUSD (Gold vs USD), we observe a strong upward momentum supported by technical indicators, suggesting a well-defined bullish trend in the short term. Traders looking to capture short-term profits may find this chart setup especially favorable. Here's a breakdown of the price action and what it could mean for intraday traders.
Price Action Overview
The price of gold has surged past the $3,320 mark, showing a clear bullish breakout with a series of higher highs and higher lows. Currently, the market is trading near the $3,378 level, consolidating slightly after a strong upward movement.
The SMA 9 (Simple Moving Average) is providing dynamic support, curving upward and closely hugging the candlesticks. This is typically a sign that buyers are actively pushing the price higher and dips are being bought up quickly.
Additionally, the spread between the Buy ($3,378.78) and Sell ($3,378.51) prices is extremely narrow, suggesting tight liquidity and fast execution potential — ideal conditions for scalpers and short-term traders.
RSI Analysis
The RSI (Relative Strength Index) 14 is hovering around the 68–70 level, which traditionally indicates the asset is approaching overbought territory. However, it hasn’t crossed into the 70+ danger zone yet, which implies there could still be room for further upside.
One key observation is the RSI divergence forming on the right-hand side. While price has been climbing steadily, RSI has started to curve down slightly — this could hint at a minor pullback or consolidation phase before the next big move. Smart traders may consider watching for bullish RSI bounces or hidden divergences before re-entering long trades.
Trade Idea
Trend: Bullish
Support: $3,360 / $3,340
Resistance: $3,400 / $3,420
Signal: Wait for a minor pullback toward the SMA, and look for bullish candlestick confirmation near $3,360 before entering long.
Conclusion
This XAUUSD 1H chart presents a strong case for continued bullish momentum with cautious optimism due to RSI nearing overbought levels. A pullback could offer fresh entry opportunities before a push toward the next resistance zone. Intraday traders and swing traders alike can benefit from closely monitoring price action around the SMA 9 line.
XAUUSD:BUYThere is no need to worry about holding long orders mentioned last Friday. Gold prices continued to rise this week after a pullback. The price has risen to 3372. According to the research team of our swing trading analysis team, the bullish trend will continue.
Earlier I informed members that some buy orders were closed at high levels. At that time, the short-term high was around 3370. After closing the long orders, the price subsequently fell. This is the advantage of swing trading. You can use accurate trading signals to trade in batches in the short term, thereby creating opportunities for quick profits.
After the pullback, there is still good room for buying and opportunities.
Maintain the bullish theme and go long on pullbacks#XAUUSD
Gold fell to a low of around 3345 during the day and then rebounded rapidly. It is currently repeatedly testing the 3355-3353 line.👨💻
Although Federal Reserve Chairman Powell has not given clear instructions, the market is generally optimistic about the September interest rate cut. 📈The bullish sentiment in the market still exists, and the moving average continues to spread upward, laying a solid foundation for market bulls🐂
If gold cannot effectively fall below 3355-3353 during the European session, then gold is expected to rise again during the NY session. First, if the gold price breaks through the intraday short-term high of 3365,🚀 the gold price may reach a rebound of 61.8%, which is around 3373. 🎯
If the European session hits the resistance level of 3365 and is rejected,🙅♂️ it may trigger a small pullback to 3345-3340 to provide long trading opportunities.🐂 Once it falls below 3340, 🐻it is necessary to stop loss in time and pay attention to the first-line defense situation of 3333
XAUUSD analysis - 1H FVG and OB setupsOn the 1H chart, price has made a sharp bullish move from the lower 1H OB zone (3,275 – 3,285) and is now hovering just below the 1H supply zone.
🔴 1H Supply Zone (OB):
3,354 – 3,368 → Price is consolidating here with no strong rejection yet.
🟢 1H Demand Zone (OB):
3,337 – 3,344 → First area to watch for potential bullish reaction.
👁 Mid-level support zone (waiting for confirmation):
3,310 – 3,320 → If price pulls back here and gives confirmation on lower timeframe, we’ll look for long setups.
📌 Trade scenarios:
1️⃣ Bullish: Wait for a retracement into 3,310 – 3,320, and if confirmed on LTF (3M–5M), go long.
2️⃣ If price drops deeper into the lower OB zone 3,275 – 3,285 and gives strong bullish reaction → potential long setup again.
3️⃣ Bearish: If price rejects the current OB zone (3,354 – 3,368) with confirmation → short entry targeting the green zones below (~3,320 or 3,310).
✅ Entry only after confirmation on lower timeframe
❌ No confirmation = no trade
Elliott Wave Analysis – XAUUSD, August 4, 2025📊
🔍 Momentum Analysis:
D1 Timeframe: Momentum continues to rise strongly. It's expected that the price will keep rising for at least two more trading days, pushing the momentum indicator into the overbought territory, reinforcing the current bullish trend.
H4 Timeframe: Momentum is showing signs of a potential bearish reversal, indicating a possible corrective pullback during Monday’s trading session.
H1 Timeframe: Momentum is strongly bullish, especially evident from the powerful upward move on Friday. Price may continue rising at the open of the Asian session, potentially creating a Gap. However, caution is advised, as this Gap could signal exhaustion.
📌 Wave Pattern Analysis:
Given Friday's strong price action, the primary scenario currently favors wave 3 within the 5-wave bullish structure (12345 – black). However, we cannot entirely eliminate the possibility that this is wave C within an ABC corrective structure (black).
Presently, the price is forming a smaller 5-wave bullish structure (blue), likely in the final wave 5. Attention should be paid to two critical target zones:
🎯 Blue Wave 5 Targets:
• Target 1: 3368
• Target 2: 3385
⚠️ Next Scenario:
Upon completing the blue 5-wave structure, a corrective move downward will occur.
• If the correction does not break below 3315, the larger 5-wave bullish structure (12345 – black) is confirmed, and the price will continue upward to complete black wave 5.
• If the correction breaks below 3315, the structure shifts to an ABC corrective pattern (black), increasing the likelihood of a deeper decline to complete the larger corrective wave C (red).
🧩 Combining Momentum & Wave Analysis:
• D1 momentum strongly supports the continuation of the bullish trend.
• H4 momentum forecasts a short-term bearish correction on Monday, aligning with the formation of wave 4 correction.
• H1 momentum suggests the possibility of a Gap at Monday's Asian session open, marking the beginning of a corrective pullback as momentum reverses.
🎯 Short-term Trading Plan:
We will trade the current blue wave 5 with the following limit order plan:
✅ Sell Limit Zone: 3385 – 3387
⛔️ Stop Loss (SL): 3399
🎯 Take Profit (TP1): 3368
🎯 Take Profit (TP2): 3355
📌 Note:
The detailed trading plan for capturing the larger wave 4 correction (black) will be updated once sufficient evidence confirms the completion of the blue wave 5.
Happy trading, everyone! 🚀
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.
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## 🔹 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 (GOLD): Bullish Impulsive Move Up Friday! Wait For Buys!In this Weekly Market Forecast, we will analyze the Gold (XAUUSD) for the week of Aug 4 - 8th.
Gold is bullish on the Monthly, Neutral on the Weekly, Bullish on the Daily.
The aggressive move higher after bad job numbers caused a shift in the market from bearish to bullish on the D1 time frame.
Be wary of the pullback, as that move is likely to be corrected, but that would set up a great long opportunity!
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
XAUUSD to the moon Current situation: price around $3360, short-term targets — rebound to $3415–3420 or fall to $3330–3300.
Trend: moderately bullish, but consolidation is possible in the quarter. Sustainable growth is possible with lower rates and increased geo-risks.
Tactics: consider buy on dip positions around $3330–3350 with a target of $3400+, or sell on rise in the $3415+ zone with signs of indicator reversal or dollar growth.
Monday's market forecast and related layout#XAUUSD
Judging from the monthly chart, although July closed with a large positive line, there is still great resistance above 3439-3501. Possible gold price trends for next week are as follows:
1. If gold prices open higher, focus on the previous highs of 3375-3385. If resistance and pressure are encountered, consider shorting, aiming for a volatile decline, retracing Friday's gains.
2. The market is volatile and sideways, so wait and see.
3. Gold fell back. Referring to Friday’s trading strategy, you can consider going long around 3335 to bet on a short-term rebound. Leave yourself some room for participation (the possibility of touching 3338 again and rebounding is not ruled out)
GOLD: $4000 on the way! Bulls has the controlGold is on the way hitting a record high since the global tension rising we can see gold creating another record high. Please note that it is a swing trades and may take weeks and months to hit the target or it may not even reach the target itself. This is prediction only so do your own due diligence.
Gold Surges on Non-Farm Data; 3330 Key Next WeekGold was strongly boosted by the significantly bullish non-farm payroll data, surging sharply like a rocket 🚀, with gains that completely "wiped out" all the weekly losses. The current gold trend, as if injected with super momentum, has completely broken the previous long-short stalemate. Starting from the 3300 level, it has been breaking through obstacles all the way up to 3350. At present, 3330 is like a critical "battleground" ⚔️ fiercely contested by both long and short sides.
This week, when gold was still "lingering" below 3300, I emphasized repeatedly that a rebound was inevitable – we just needed to stay calm and wait for the opportunity. As it turns out, our judgment was spot on, and we successfully took profits around 3340, reaping good gains 💴. Now, gold prices are oscillating back and forth in the 3340-3350 range. Based on a comprehensive analysis of the current trend, I boldly predict that gold is likely to pull back to around 3330 next week, so everyone can prepare in advance 🤗
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@ 3350
🚀 TP 3330 - 3320 - 3310
🚀 Buy@ 3300 -3310
🚀 TP 3320 - 3330 - 3340
Daily updates bring you precise trading signals 📊 When you hit a snag in trading, these signals stand as your trustworthy compass 🧭 Don’t hesitate to take a look—sincerely hoping they’ll be a huge help to you 🌟 👇
Gold in PRZ + TRZ: Is a Bullish Reversal Brewing(Short-term)?Gold , as I expected in yesterday's idea , fell to the Potential Reversal Zone(PRZ) and started to rise again .
Today's Gold analysis is on the 15-minute time frame and is considered short-term , so please pay attention .
Gold is currently trading in the Support zone($3,307-$3,275) and near the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ) .
In terms of Elliott Wave theory , it seems that Gold can complete the microwave C of wave B at the lower line of the descending channel.
I expect Gold to trend higher in the coming hours and rise to at least $3,311 .
Note: Stop Loss (SL) = $3,267
Gold Analyze (XAUUSD), 15-minute 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.
How to maintain stable operations before NFP dataYesterday, gold closed the month with a long upper shadow doji candlestick, indicating strong upward pressure, with monthly resistance at 3439-3451. Today marks the beginning of the month, and with the release of numerous data indicators such as NFP, unemployment benefits, and PMI, there is considerable uncertainty, so intraday trading should proceed with caution.
Judging from the daily chart, the current MACD indicator is dead cross with large volume, and the smart indicator is running oversold, indicating a low-level fluctuation trend during the day. At present, we need to pay attention to the SMA60 moving average and the daily middle track corresponding to 3327-3337 on the upper side, and pay attention to the intraday low around 3280 on the lower side. The lows of the previous two days at 3275-3268 cannot be ignored. There is a possibility that the low-level oscillation will touch the previous low again.
From the 4H chart, technical indicators are currently flat, with no significant short-term fluctuations expected. Low-level volatility is expected to persist within the day. Then just focus on the support near 3275 below and the middle track pressure near 3307 above. Looking at the hourly chart, gold is currently oscillating below the mid-range band, with resistance at 3295-3307 to watch in the short term.
Overall, the market is expected to remain volatile before the release of today's data. Based on Wednesday's ADP data, this round of data is also expected to be around $100,000. The contrast between ADP and NFP last time deserves our caution. The current market is basically optimistic about the short-selling situation, which is exactly what I am most worried about. If the gold price can stabilize above 3,300 before the NY data, the possibility of NFP data being bullish cannot be ruled out.
Intraday European trading suggestion: if the current gold price falls back to 3285-3280 and stabilizes, you can consider short-term long positions, with the target at 3295-3305. If the gold price tests the low of 3275-3268 again and does not break through, you can consider a second chance to go long. After making a profit of $10-20, you can consider exiting the market with profits. The market is volatile and unstable, so be sure to bring SL with you and pay close attention to the impact of the NFP data. Conservative investors can enter the market after the data is released.
XAUUSD – Demand Zone Reaction & Potential Markup (VSA Analysis)💡 Idea:
Gold is testing a major 4H demand zone with early signs of smart money accumulation. VSA signals show supply exhaustion and potential for a bullish reversal toward upper resistance.
📍 Trade Setup:
Entry Zone: 3,265 – 3,285 (current demand zone)
Target 1: 3,380 – 3,400 (mid supply zone)
Target 2: 3,440 – 3,460 (major supply zone)
Stop Loss: Below 3,240 (to avoid false breakouts)
R:R Potential: ~3:1
📊 Technical Reasoning (VSA)
Stopping Volume Detected
On the recent drop into the demand zone, a wide spread down-bar on ultra-high volume appeared, followed by no further downside progress.
This is a classic stopping volume pattern where professional money absorbs selling pressure.
No Supply Confirmation
Subsequent candles inside the zone show narrow spreads on decreasing volume, indicating a lack of genuine selling interest.
Demand vs Supply Shift
Multiple attempts to break below 3,265 have failed, showing absorption of supply and positioning for markup.
If price rallies from here on increasing volume and wider spreads up, it would confirm demand dominance.
Structure Context
This demand zone has historically produced strong rallies.
Break above the minor resistance inside the zone could trigger a swift move toward Target 1, with momentum possibly extending to Target 2.
📌 Trading Plan:
Look for bullish confirmation bars with high volume before entry.
If price breaks below 3,240 on high volume, invalidate the long setup and watch for the next demand level around 3,140.
Partial profits can be taken at Target 1, and the remainder trailed toward Target 2.
Elliott Wave Analysis – XAUUSD August 1, 2025📊
________________________________________
🔍 Momentum Analysis:
• D1 Timeframe:
Momentum has reversed to the upside. Based on this signal, we expect a bullish trend to continue for the next 5 daily candles — likely until mid-next week.
• H4 Timeframe:
Momentum has also turned upward → This suggests that from now until the U.S. session, the price will likely continue to rise or consolidate with an upward bias.
• H1 Timeframe:
Momentum is currently turning down → We anticipate a short-term corrective move. We should wait for H1 to enter the oversold zone and give a bullish reversal signal before looking for long entries.
________________________________________
🌀 Wave Structure Analysis:
The current wave structure remains complex and lacks clear confirmation. Thus, the current wave labeling should be considered provisional. However, the wave count has not been invalidated, and D1 momentum supports a bullish outlook — so we continue to maintain our wave structure bias.
Important Note:
Wave (C) in red appears relatively short. This leaves open the possibility that the price may continue lower, targeting:
• ⚠️ 3246
• ⚠️ 3200
→ This scenario will be triggered if price breaks below 3268, especially given today's Nonfarm Payroll (NFP) report.
________________________________________
📌 Two Possible Wave Scenarios:
1. Scenario 1: Black Waves 1 – 2 – 3
o Wave 1 (black) is complete.
o We are now in Wave 2 (black) → Preparing for Wave 3.
o Wave 3 tends to be strong, impulsive, and sharp with large candle bodies.
o Target: 3351
2. Scenario 2: Black ABC Correction
o The market is currently in Wave B (black).
o Potential target for Wave C: 3328
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🛡 Support Zones & Trade Strategy:
• Support Zone 1: 3290 → A good area for potential buying, but we must wait for H1 to enter the oversold region and show a bullish reversal.
• Support Zone 2: 3275 → Deeper buy zone if the price corrects further.
________________________________________
💡 Trade Plan:
📍 Option 1 – Buy Limit:
• Buy Zone: 3290 – 3289
• Stop Loss: 3280
• Take Profit 1: 3309
• Take Profit 2: 3328
• Take Profit 3: 3351
📍 Option 2 – Buy Limit:
• Buy Zone: 3275 – 3273
• Stop Loss: 3265
• Take Profit 1: 3309
• Take Profit 2: 3328
• Take Profit 3: 3351
________________________________________
📎 Notes:
• Experienced traders should wait for clear confirmation signals on H1 before entering trades.
• New traders may consider using limit orders in the proposed buy zones.
GOLD Bullish Today , Long Scalping Entry Valid To Get 150 Pips !Here is My 15 Mins Gold Chart , and here is my opinion , we finally above 3296.00 and we have a 30 Mins Candle closure above it , so i`m waiting the price to go back and retest this res and new support and give me a good bullish price action to can enter a buy trade and we can targeting 100 to 150 pips .
Reasons To Enter :
1- New Support Created
2- Bullish Price Action
3- Bigger T.F Giving Good Bullish P.A .
The rebound is weak, short orders intervene#XAUUSD
After two consecutive trading days of volatility, gold finally began to fall under pressure near 3335. After breaking through the 3300 mark, the price of gold accelerated its decline, reaching a low of around 3268, and yesterday's daily line closed with a large negative line. 📊
Today's rebound is more likely to be based on the buffering performance of the impact of news. The ATR data also shows that the bullish momentum is slowly weakening in the short term. 🐻After digesting the impact of yesterday's news through rebound during the day, it may fall again in the future.📉
📎The primary focus today is 3305 above, which was also the high point of yesterday's pullback correction. If the gold price rebounds to 3305-3320 and encounters resistance and pressure,📉 you can consider shorting and look towards 3290-3270.🎯
If the short-term gold rebound momentum is strong and breaks through the 3305-3320 resistance area, it will be necessary to stop loss in time. Gold may be expected to touch yesterday's high resistance of 3330-3335, which is the second point to consider shorting during the day.💡
🚀 SELL 3305-3320
🚀 TP 3290-3270
Gold Crashing After Hot U.S. Data – More Pain Ahead?Minutes ago, important indices were released from the US , which catalyzed the continuation of gold's downward trend .
Key U.S. Economic Data Just Dropped!
ADP Employment: 104K
GDP q/q: 3.0%
Both came in stronger than expected , signaling that the U.S. economy is holding up better than many thought!
Strong job growth
Solid economic expansion
The result? A stronger U.S. dollar ( TVC:DXY ) and potential downward pressure on Gold .
All eyes are now on FOMC meeting .
Will the Fed still hint at future rate cuts despite the solid data? Or is the easing cycle officially on hold? What is your idea!?
----------------------
Gold ( OANDA:XAUUSD ) has already managed to break the Support zone($3,350-$3,326) , Monthly Pivot Point , 50_EMA(Daily) , Support lines , and the lower line of the ascending channel . Also, Gold trading below $3,333 plays an important role for me, which can increase the possibility of a continuation of the downtrend .
I expect Gold to drop to at least the Potential Reversal Zone(PRZ) before the FOMO meeting and if the Support zone($3,307-$3,272) is broken, we can expect further declines to $3,253(Second Target) .
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Information we need to know:
How should the Federal Funds Rate be announced to cause a deeper drop in Gold ?
The Fed needs to take a hawkish stance — meaning:
They keep rates unchanged, but make it clear they intend to keep them elevated for a prolonged period.
They emphasize strong economic data like today's solid ADP and GDP numbers .
They express concern that inflationary risks remain, and cutting rates isn’t on the table anytime soon.
In this case, markets get disappointed, rate cut hopes fade, and gold drops as real yields( TVC:US10Y ) rise and the U.S. dollar strengthens.
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Note: Stop Loss (SL) = $3,340
Gold Analyze (XAUUSD), 4-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.