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Xauusdsignal

Buy strategy still works until 3345 is broken✏️Gold price has confirmed the break of Fibonacci 0.618 and is continuing the uptrend. However, surprisingly, the Asian trading session attracted some selling pressure, pushing gold to around the 3355 break zone. When confirming the break of 3358, 3345 became the most important zone of the uptrend and this is also a trendline zone in the H4 time frame. The BUY gold strategy is still the main one until 3345 is broken. 📉 Key Levels Support 3360-3345-3313-3285 Resistance; 3381-3404-3430 BUY now 3360 Break out and Retest Support zone (Fibonacci 0.618) BUY Trigger 3345 Rejection of the support zone with buying pressure candle SELL Trigger Break and trading Bellow support 3343 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDLong
by VHT_Trader
8
technical analysis of the XAUUSDPrice: Around $3,345 currently. Chart Indicators Zig Zag (5, 10): Helps highlight major swing highs and lows. RSI (Relative Strength Index): 14-period with levels at 70 (overbought) and 30 (oversold). Recent Low: Around $3,247 (late July). Lower highs and lower lows indicate short-term bearish trend. Price broke below a minor swing support around $3,380 and is now testing $3,345. Zig Zag Pattern: Suggests corrective moves but overall downward bias after recent top at 3,438. RSI Analysis Recently peaked near 70 (overbought zone) during mid-August high. Currently near 50 (neutral), showing consolidation after a sell-off. Signal: No clear divergence, but bearish momentum eased after recent drop. Key Support & Resistance Support Levels: $3,320–3,330: Near-term support zone. $3,247: Major previous swing low (strong support). Resistance Levels: $3,380–3,400: Immediate resistance (recent broken support). $3,438: Last swing high (strong resistance). Volume Analysis Downward move from $3,438 to $3,345 happened with moderate volume, suggesting steady selling pressure but not a panic drop. Possible Scenarios Bullish Scenario (Reversal or Pullback) Price needs to hold above $3,330 and break $3,380 to target $3,420–3,438. RSI moving above 60 would strengthen bullish momentum. Bearish Scenario (Continuation) If price breaks below $3,330, next target is $3,300, then $3,247. RSI dropping toward 30 would confirm strong bearish momentum. Trade Idea (Not Financial Advice) For Bulls: Wait for a break & close above $3,380 for a potential long entry. For Bears: Watch for a break below $3,330 for a potential short toward $3,247. Stop-loss: Use nearby swing highs/lows for risk management. Overall Sentiment: Currently neutral to slightly bearish, as price is below key resistance and forming lower highs.
FXOPEN:XAUUSD
by forexinworld
XAU/USD (Gold CFD) – Weekly Opening Outlook | SMC Perspective# 🟡 XAU/USD (Gold CFD) – Weekly Opening Outlook | SMC Perspective **Date:** 2025/08/17 **Timeframe:** 45M (Heikin Ashi) **Methodology:** Smart Money Concept (SMC) --- ## 📊 Market Context Gold closed the previous week under heavy liquidity grabs after multiple **CHOCH** and **BOS** structures. The current market is positioned around **3,335**, balancing between two potential phases: 1. **Phase 1 (Bullish Recovery)** 2. **Phase 2 (Bearish Continuation)** Both phases are mapped on the chart with clear structural references. --- ## 🔵 Forecast Phase 1 – Bullish Scenario 1. **Key Levels:** - **Immediate Demand Zone:** 3,330 – 3,335 - **Equilibrium Reaction Zone:** 3,350 – 3,360 - **Liquidity Pool:** 3,380 – 3,390 2. **Conditions for Validation:** - Price must hold the **discount demand zone** (PDI). - A strong **CHOCH → BOS** sequence from current level. - Break and close above **3,350 equilibrium**. 3. **Expected Move:** - Push towards **previous PDH** and sweep above **3,370 – 3,380**. - Potential continuation into **EQH (3,390 – 3,400)** liquidity zone. 4. **Targets:** - 🎯 TP1: **3,350** (equilibrium retest) - 🎯 TP2: **3,370 – 3,380** - 🎯 TP3: **3,390 – 3,400** (EQH / liquidity sweep) 5. **Invalidation:** - Closing candles below **3,330 demand zone** will weaken bullish outlook. --- ## 🔴 Forecast Phase 2 – Bearish Scenario 1. **Key Levels:** - **Discount Zone:** 3,320 – 3,325 - **Major Demand Zone:** 3,300 – 3,280 - **Extended Liquidity Pool:** 3,260 – 3,250 2. **Conditions for Validation:** - Failure to hold above **3,335 – 3,330**. - Clear rejection at equilibrium levels (**3,350 – 3,360**). - A new **BOS** towards the downside. 3. **Expected Move:** - Market could unfold in 5-leg structure (as shown on chart: ① → ⑤). - First rejection around **3,335 – 3,340**, followed by extension towards **3,310 – 3,280**. - Final liquidity sweep possible into **3,260 – 3,250 zone**. 4. **Targets:** - 🎯 TP1: **3,320 – 3,325** - 🎯 TP2: **3,300 – 3,280** - 🎯 TP3: **3,260 – 3,250** 5. **Invalidation:** - A confirmed **bullish CHOCH** above **3,350 equilibrium** invalidates the bearish scenario. --- ## ⚖️ Summary - **Phase 1 (Bullish):** Possible rebound from current demand towards **3,390 – 3,400** liquidity. - **Phase 2 (Bearish):** Failure at equilibrium may trigger deeper continuation into **3,280 – 3,250 demand**. Traders should monitor **CHOCH / BOS confirmations** closely before positioning. --- #XAUUSD #Gold #SMC #CHOCH #BOS #Liquidity #FVG #TradingView
TVC:GOLD
by mmozafari1357
Gold balances on a fine line: growth or correction?Following the release of soft US inflation data, gold is consolidating in the $3,250–$3,450 range, holding above key support. A weak dollar and expectations of a Fed rate cut are supporting bulls, but locally the price has hit a resistance zone. Bullish: Fixing above $3450 → target $3500, then $3550–$3600. Breakthrough of $3500 will increase momentum to $3650+. Bearish: Breakthrough below $3250 → decline to $3200, with increasing pressure — to $3100. 📊 Indicators (D1) RSI (14): ~43 — neutral, not overbought MACD: in the negative zone — signal of a possible correction SMA50/100/200: price slightly below average, indicating a pause in growth
OANDA:XAUUSDShort
by Trade_Hive_Signals
GOLD RAID ON – Bullish Limit Orders Are LIVE! XAU/USD💰GOLD HEIST IN PROGRESS! XAU/USD BULLISH RAID BEGINS! 🏴‍☠️📈 Asset: XAU/USD – Gold vs U.S Dollar 📊 Plan: BULLISH ROBBERY 🎯 Target: 3460.00 🛑 Stop Loss: 3330.00 📥 Entry: ANY level – vault is wide open! 👑 THIEF MODE ACTIVATED – Time to raid GOLD like a pro. We’re stacking multiple limit orders (layering entries) just like setting traps for those greedy bears 🐻💥 🚪💼 Entry strategy: “The vault is unlocked – grab your bag and go!” Place buy limits at recent swing lows (15m/30m) or jump in live with your bullish crew. Use alerts to catch price at key pullback zones. 🛑 SL placed at: 3330 – Just below thief territory. Adjust based on your lot size + number of entries 🔐 🎯 Target: 3460 – Hit and run, or trail that SL and let the gold rain! ☔💸 🧠 Thief Tactics for GOLD: Only trade Long-side – scalpers, swing traders, all aboard 🚂 Use trailing SL to protect your loot Avoid trading during high-impact news (CPI, NFP, Fed, etc) ⚠️ Stay alert for manipulations + fake-outs at key levels – it's a trap game out here 🎭 📰 Before the Heist: 🧾 Read Fundamentals • COT Report • Sentiment • Macro Outlook 📌 Always stay updated, news can flip the market faster than a backstab 🗡️ 🗣️ Boost this idea if you’re robbing with us! 💥 Smash that LIKE if you believe in the heist 🚨 Follow for more high-voltage thief trades 💎 Daily playbooks. Clean getaways. All signals, no noise. Join the crew. Trade like a THIEF. Get rich or get smarter. 🕵️‍♂️💰🚀🔥🐱‍👤📈
FX:XAUUSDLong
by The-Thief
Latest price increase and decrease forecastFrom a technical perspective, Thursday's daily chart showed a sharp decline, engulfing Tuesday's. Wednesday's consecutive rises marked the closing price near the middle Bollinger band. There's no definitive direction for now, and both ups and downs are possible. Therefore, the daily chart's performance is not important, but the H4 chart shows significant momentum. Currently, 3330 is a double bottom, with the closing price just above the lower Bollinger band. If a rebound occurs here, especially with strength in the afternoon, the Bollinger band will tighten and the moving averages will converge, confirming a volatile market today. If the market stabilizes above the middle Bollinger band at 3350, it can be confirmed that today is a rebound. The US market could also reach a high of 3365. Therefore, the rebound strength can be observed around the 3330 support level during the Asian and European sessions. If it breaks through 3330, gold could continue its decline to the 3310-3300 range. Trading suggestions: If the market rebounds first, short near 3346, with a stop-loss above 3352. If the market weakens, short near 3341, with a stop-loss above 3347. If the market declines first, short below 3300, or go long near 3320, with a stop-loss below 3315. If you currently have short positions at low levels and long positions at high levels and are unsure how to proceed, please leave a message for Charlie. FX:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD FOREXCOM:GOLD VANTAGE:XAUUSD FOREXCOM:GOLD VANTAGE:XAUUSD
OANDA:XAUUSD
by Charlie_Senior_Analyst
The impact of the meeting on gold prices.Trump: Speaks with Lukashenko. We discussed prisoner releases and a meeting with Putin. The meeting details are as follows: Trump: "Had a great meeting with Belarusian President Lukashenko. The purpose of the call was to thank him for releasing 16 prisoners. We are also discussing the release of an additional 1,300 prisoners. We had a very pleasant conversation. We discussed many topics, including President Putin's visit to Alaska. I look forward to meeting with President Lukashenko in the future." The meeting did not clearly indicate any positive or negative impact on the market. However, Jess believes that gold prices will continue to fall in the short term, so it is advisable to sell gold at a high level to profit.
TVC:GOLDShort
by Senior_Analyst_Kyle_Jess
1
Gold fluctuates, waiting for an effective breakthroughThe MACD is below the zero axis and has already diverged from the bottom, indicating it's poised for a short-term rebound. Each short-term rebound followed a similar pattern to the current MACD. It simply diverges once, twice, or even three times before a sudden surge. Therefore, as long as the price falls below 3330 and then declines again, it's a good opportunity to ambush and buy from a low position. This could also be the next short-term low. Over the past four months of consolidation, the lows have clearly been gradually moving higher, and the end of the converging triangle has been gradually narrowing. One day, a major unilateral breakout will occur. Patiently wait for a return to the bullish trend. Pay attention to the channel trend resistance line 3358-60. This position is actually the oscillation center axis point of 3330-3380. If the rebound is under pressure here, you can buy on highs and then fall back; once the hourly line closes positive and effectively stands on this position, give up the bearish view; and the low bullish position focuses on the 618 division, the previous top and bottom conversion, the lower track of the channel, etc.; as long as you dare to pull it down, you must dare to be bullish when a stabilizing K appears. The lower the effect, the better, because the lower it is, the more aggravated the divergence effect. FOREXCOM:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD ACTIVTRADES:GOLD EIGHTCAP:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD
OANDA:XAUUSD
by Charlie_Senior_Analyst
Gold Under Attack! Thief Trader’s Layered Sell Plan in Action!💣 XAU/USD GOLD HEIST: Police Waiting at 3270 – Escape Before They Catch Us! 🔐💰 🕵️‍♂️ Hello Thief OG’s, Money Grabbers & Market Shadows! Today’s mission is Gold (XAU/USD) – not to wear, but to steal! 💸✨ 🎯 MISSION BRIEF We’re going BEARISH on Gold. No single-shot nonsense – we’re using layered SELL LIMIT traps to grab the loot piece by piece. 💼 Entry Layers: 3340.00 3350.00 3360.00 (💡 Add more layers if you want to go full gang mode.) 🛑 Stop Loss – The Alarm Trigger SL @ 3380.00 🚨 But hey… Thief OG’s adjust it to your own strategy & risk. Don’t get caught with your mask off. 😎 💰 Target – The Escape Plan Main Target: 3270.00 (Police barricade 🚔) Quick Exit: 3280.00 (Escape van is ready 🚐) 📊 Why This Is the Perfect Hit Price dancing near resistance – the “vault door” is open. Weak bullish attempts = fake gold rush trap. Trend sniffers pointing down on higher timeframes. Market makers guarding at 3380 = the alarm system. 📜 Thief Trader Rules for This Mission Avoid entering during major economic news bombs 💣. Trail your SL once price moves in your favor – thieves who overstay get caught. Always rob smart – we’re professionals, not gamblers. 💥 Support the Robberhood Crew! Boost this idea if you want more Thief Trader missions. Every boost = more ammo for the next market robbery. Remember: No chase, no case. 🕶️💼💣 #XAUUSD #GoldTrade #BearishPlan #LayeringStrategy #ThiefTrader #RobTheMarket #BoostForMore
FX:XAUUSDShort
by The-Thief
A Bearish Idea on Gold, Are you Bullish yet?Hello Fellow traders, Today, we are looking at gold and I am expecting a bearish momentum. The daily FVG was succesfully traded to facing a good rjection. Now we keep our eyes on 4H FVG thats residing just below. We willsee how the 50% of that FVG is crossed whether with a displacement which I wuld love to see, like market breaks below the 50% of FVG with a strong momentum, then we expect the price to take the lows around 3250 becuae thats where Equal highs are and price is highly likely to attract towards it just like a magnet. However, thus far price action has been bearish, as we price got rejected in that 1H FVG as highlighted and price made two highs one top of other making a turtle soup and then broke below the recent low with a displacement and thats where Breaker Block takes birth and also an FVG. Pice then goes back to fill the FVG and trade to the new born beaker and then the low is taken but wait "Relative EQL Lows". Anyways, the market now seems to return back to the lows and we can expect the market to now displace through these lows wth a strong momentum. If that happens, it's all gonna be easy to trade to lower liquidity "might be a sudden attack, who knows!" Thats it for today fellows, kee grinding, keep working. RESPECT THE RISK!
PEPPERSTONE:XAUUSDShort
by MRJ_Tradez
3330 Under Pressure – New York Could Decide the MoveYesterday’s Move Yesterday, after the initial rejection from the 3370 resistance zone, Gold broke below the 3350 confluence support and tumbled toward the 3330 key support. Since then, the price has been consolidating, with low volatility — largely due to the European bank holiday. Key Question Has the market gathered enough energy for another leg down, or will buyers manage to defend 3330? Why a Bearish Continuation Is Possible - The 3330 zone is now being tested repeatedly, showing weakening buying interest - A confirmed break under 3330 would open the way toward the 3280 support zone. Trading Plan I will watch for a clear break under 3330 during the New York session, aiming for a move toward 3280. Any long position becomes interesting only if we get a daily close above 3360. Final Note The market still needs to confirm — patience is key. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
9
8/15: Watch Resistance at 3348–3358, Support at 3328–3323Good afternoon, everyone! Yesterday, gold’s rebound was capped at 3352–3358, failing to turn resistance into support. As anticipated, price then moved into the 3332–3323 battleground. On the 2H chart, bulls still hold a slight edge, with signs of a potential double bottom. However, if price continues to face resistance at 3348–3352 without breaking out, or loses the key 3328 support on a pullback, bullish momentum will weaken, and a bearish setup may re-emerge, increasing the likelihood of a retest near 3300. With important US session data ahead, my strategy today differs from yesterday — focusing on buying dips as the main approach, with shorting near highs as a secondary option. Manage risk carefully and feel free to reach out if you need assistance.
FOREXCOM:XAUUSDLong
by China_MsWang
XAUUSD Bullish Trend Continuation: Potential Move to $3,400!The price action shows a higher high ("high") and a higher low ("low"), which are characteristic of an uptrend. An upward trendline has been established, connecting a series of higher lows, which is acting as a dynamic support level. A significant horizontal support zone has also been identified around the $3,260 - $3,280 price range, where the price previously found support. Recently, the price experienced a pullback and bounced off the upward trendline. The analysis anticipates a continuation of the upward momentum toward a key resistance zone. This resistance zone is located around the $3,400 - $3,420 level. A specific target price of $3,408.833 is highlighted within this zone, suggesting a potential area where the upward movement might pause or reverse. The chart includes a potential corrective wave pattern labeled with "C"s, indicating a recent three-wave pullback within the larger trend. The current price is shown at $3,353.520, positioned above both the horizontal support and the upward trendline, reinforcing the bullish sentiment.
OANDA:XAUUSDLong
by Pipshunter27
GOLD HOLDS 3330 LIQUIDITY ZONE – BULLISH REVERSAL IN PLAY!📌 Market Overview Gold has firmly held the 3330 liquidity support zone and bounced back strongly, now trading around 334x, forming a clean bullish structure on the M30 chart. If the current momentum continues, price is likely to target the FIB resistance & CP Zones above at 335x and 336x in the short term. On higher timeframes, the corrective wave is still present, but intraday traders must stay alert – today’s geopolitical headlines from the Trump–Putin meeting could inject volatility. Friday’s usual liquidity sweeps also add risk, so stay adaptive and avoid getting trapped by false breaks. 🧐 Key Technical Insights (MMFLOW Analysis) CP Resistance 3355 aligns with a strong OBS SELL ZONE – watch for reaction here. Further upside resistance near the 0.62 FIB level. If price reaches this early in the Asian or early London session, it’s a valid short setup. Late London or NY session tests could be false break traps due to the confluence with the downtrend line. BUY Entries are still valid from 3334–3336 for early intraday longs, with SL below 3330. If 3330 breaks, wait for deeper liquidity at 331x before buying again. 🎯 Trading Plan – MMFLOW Strategy 🔹 BUY ZONE Entry: 3334 – 3336 SL: 3330 TP: 3340 – 3345 – 3350 – 3355 – 3360 – 3365 – 3370 – 3380 🔹 SELL ZONE Entry: 3355 (OBS SELL) or 0.62 FIB confluence SL: Above 3362 TP: 3350 – 3345 – 3340 – 3335 – 3330 📊 Key Levels Resistance: 3355 – 3362 – 3370 Support: 3336 – 3330 – 331x 💡 MMFLOW Comment: The best approach today is trend-following buys from liquidity zones while monitoring intraday resistance for short scalps. Geopolitical headlines and Friday liquidity sweeps may trigger traps – trade smart, not just fast.
OANDA:XAUUSDLong
by MMFlowTrading
Gold Spot / U.S. Dollar (XAUUSD) - 4 Hour Chart (OANDA)4-hour chart from OANDA displays the recent price movement of Gold Spot (XAUUSD) against the U.S. Dollar. The current price is $3,334.075, reflecting a decrease of $21.620 (-0.64%) from the previous value. The chart shows a sell price of $3,333.800 and a buy price of $3,334.340, with a spread of 54.0. The price has fluctuated between $3,368.176 (high) and $3,323.839 (low) in recent trading, with a shaded area indicating a potential support or resistance zone around $3,340. The data covers the period from mid-August to early September 2025.
OANDA:XAUUSDLong
by Alee_Gold_Trader
Fed Set to Cut 50bps: Gold Benefits as the Bullish Wave Reforms📌 Market Overview Gold surged as high as $3,370/oz before closing at $3,355.9 (+0.24%), fuelled by growing expectations that the Federal Reserve could deliver a 50bps rate cut in September. US Treasury Secretary Bessent signalled strong support for such a move, while July CPI remained soft — weighing on the USD and pushing bond yields lower, giving gold a clear upside path. However, upside momentum was capped by US equities hitting fresh record highs and a cooling in geopolitical tensions. Markets now turn their focus to the upcoming PPI data, jobless claims, and the Trump–Putin meeting to gauge gold’s next move. 🧐 Technical Outlook – MMFLOW Perspective The recovery wave is becoming increasingly evident after recent corrective moves. Price action is now poised to revisit liquidity zones from previous pullbacks. Strategy remains to: Buy early in pre-identified liquidity zones to ride the bullish wave within the current channel. Sell from continuation or exhaustion zones once the next liquidity sweep is in play. 🎯 Trading Plan – MMFLOW 🔹 BUY ZONE – Early Long Setup Entry: 3336 – 3334 Stop Loss: 3330 Take Profit: 3340 – 3345 – 3350 – 3355 – 3360 – 3365 – 3370 – 3380 – ??? 🔹 SELL ZONE – Liquidity Grab Short Setup Entry: 3394 – 3396 Stop Loss: 3400 Take Profit: 3390 – 3385 – 3380 – 3370 – 3360 📊 Key Levels Resistance: 3365 – 3370 – 3395 Support: 3334 – 3330 – 3315 💡 MMFLOW Comment: The technical structure supports a tactical buy-on-dip approach, with 334x being a key pivot zone for the bulls. If price accelerates towards 339x, watch for a liquidity sweep to trigger high-probability short setups.
OANDA:XAUUSDLong
by MMFlowTrading
1
Gold: From Bullish Bias to Bearish Shift- N.Y UpdateIn this morning's analysis, I mentioned that Gold was still in bullish territory, but the line in the sand was the 3350–3355 zone. In fact, I bought at that level — but given the choppy price action and the sharp rejection from the 3375 resistance, I kept the position size small. Good thing I did, as the stop loss was eventually hit. With price now falling below the 3350 zone and showing what can be categorized as a strong reversal from resistance, the odds have shifted decisively to the bearish side. Trading plan: Any rally above the 3350 zone should now be viewed as an opportunity to sell into strength. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
8
8/14: Watch Resistance at 3352–3358, Support at 3332–3323Good afternoon, everyone! After entering the 3372–3378 resistance zone, gold attempted two breakouts but failed, forming a double-top pattern and breaking below the 3366 support. It then found temporary support at 3358–3352, but the rebound failed to reclaim 3366, leading to a further drop to test the 3343–3337 area. This is a textbook support-to-resistance shift, worth studying for those interested in technical analysis. Currently, the structure favors the bears. In the coming moves, watch closely to see if the 3352–3358 area turns from support into resistance again. If selling pressure persists, 3332–3323 will be the next battleground. Should bulls fail to defend it, the 3300 level could be retested. For the rest of the week, trading should remain focused on these key support and resistance zones. With data coming in during the US session today, risk management is crucial — favor short positions on rebounds, with long trades as a secondary option. If caught in a losing position, and your account is safe, consider averaging down or hedging. If you need assistance, feel free to message me.
FOREXCOM:XAUUSDShort
by China_MsWang
XAUUSD analysis – 1H FVG and OB SetupsOn the 1H gold chart, price recently reacted to the FVG (red zone) at 3410, showing a clean rejection and shifting order flow to the downside. Below the current price, we have three key bullish OB zones: First green OB around 3460, acting as the closest demand zone. Second green OB around 3310, a deeper liquidity zone. Third green OB at 3287, a stronger higher-timeframe demand that may act as a swing point. If price retraces back into 3410 and rejects with confirmation in lower timeframes (3m–15m), it could provide a short setup toward the 3460–3310 demand range. Conversely, if price breaks above 3410 with strong momentum, the bias may shift to testing higher liquidity levels. 📊 ProfitaminFX | Gold, BTC & EUR/USD & Crypto 📚 Daily setups & educational trades
OANDA:XAUUSD
by ProfitaminFX
Daily Market Momentum Analysis (Gold)Spot gold's upward momentum stalled during the Asian session on Thursday (August 14th). After hitting a three-day high near $3,375, it encountered some intraday selling and is currently trading around $3,358.52 per ounce, close to Wednesday's closing price. Global risk sentiment continues to be supported by two factors: optimistic expectations of a three-month extension of the US-China trade truce and positive signals from Friday's (August 15th) US-Russia summit aimed at ending the Russia-Ukraine conflict. This, in turn, has weighed on the safe-haven precious metal. However, multiple supportive factors remain favorable for bullish traders and provide a basis for potential bargain-hunting. The US dollar continues to face selling pressure due to widespread expectations that the Federal Reserve will cut borrowing costs in September. Furthermore, traders have begun betting on the possibility of two Fed rate cuts before the end of the year, which should continue to be positive for gold, a non-interest-bearing asset. Against this backdrop, it would be prudent to await further follow-through selling to confirm whether the gold price rebound from Tuesday's one-week low of $3,331 has lost momentum. Daily Market Drivers Analysis: Gold bulls hold off on aggressive bets amid rising risk appetite Except for the Nikkei 225, Asian stocks extended their recent gains, tracking the US benchmark S&P 500 and the tech-heavy Nasdaq Composite, which posted record gains for the second consecutive trading day. The US dollar rebounded slightly after hitting a two-week low early Thursday, but its upside is expected to be limited as market expectations for a more aggressive Federal Reserve rate cut are more aggressive than previously. According to the CME Group FedWatch tool, the Federal Reserve is almost certain to cut interest rates by 25 basis points at its September policy meeting, with at least two more cuts expected before the end of the year. This expectation was reinforced by US consumer inflation data, which was largely in line with expectations on Tuesday. Furthermore, the July US non-farm payroll report showed signs of labor market weakness, bolstering the case for further policy easing. Meanwhile, US President Trump increased pressure on Federal Reserve Chairman Powell to cut interest rates. Furthermore, US Treasury Secretary Scott Bessant said the Fed should consider a 50 basis point rate cut next month. Chicago Fed President Goolsbee said he was more concerned about last month's rise in core inflation than the unusually weak jobs report, and therefore may not support a September rate cut. Atlanta Fed President Bostic acknowledged the overall weakness in the latest round of employment data and noted the potential for structural changes due to tariffs, but he declined to comment on a rate cut. U.S. Treasury yields remained under pressure as investors assessed the potential impact of tariffs on the U.S. economy and awaited the release of the U.S. Producer Price Index (PPI) later in the North American session. Gold's technical structure supports the view of dip buying at lower levels. Gold broke through the $3,358-3,360 resistance level overnight, and the successful defense of the 200-period simple moving average support on the 4-hour chart earlier this week supports spot gold bulls. However, oscillators on the hourly and daily charts have yet to gain significant upward momentum, so it would be wise to wait for more follow-through buying before initiating further long positions. Currently, the Asian session high (around $3,375) may constitute near-term resistance. A break above this level could potentially push gold prices towards the $3,400 mark. This level is closely followed by last week's swing high of $3,409-3,410. A successful break above this level would pave the way for further gains towards the intermediate resistance level of $3,422-3,423. Ultimately, upward momentum could propel gold prices above the $3,434-3,435 area, potentially challenging the psychologically important $3,500 peak reached in April. On the downside, if gold prices break below support at $3,243-3,242 (the 200-period moving average on the 4-hour chart), they could find support near $3,331 (this week's low). If selling pressure persists, gold could accelerate its slide towards the $3,300 mark. A clear break below this level would turn bearish in the short term, opening up room for further declines. FX:XAUUSD VELOCITY:GOLD VANTAGE:XAUUSD CMCMARKETS:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD MCX:GOLD1! FX:XAUUSD
OANDA:XAUUSD
by Charlie_Senior_Analyst
Gold – Bulls Still in Control, but Caution NeededIn yesterday’s analysis, I mentioned that Gold could reverse to the upside and challenge the 3375–3380 resistance zone. Throughout the day, dips were consistently bought, and last night the price briefly tapped into that area. The overall structure remains bullish, but there are a few important notes: 1. Price action continues to be choppy. 2. Gold reversed quickly from 3375 overnight, which calls for caution from the bulls. 3. The 3350–3355 zone is the line in the sand — it is imperative for bulls to keep the price above this level. That being said, and with the caution mentioned above, I remain bullish and expect another test of 3375, and potentially even a move beyond 3380. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDLong
by Mihai_Iacob
5
At which support zone will the correction wave end?✏️The accumulation of Gold price in today's trading day from Fibocacci 0.5-0.618 is raising the question of whether the bullish wave structure will continue. Previously a perfect push of Gold price from 3282 to 3406 formed a wave 3 increase, currently the decline in the beginning of the week of Gold is running in the corrective wave of wave 4. 3330 is an important zone in the bullish wave structure, if this zone is broken, the market will end the bullish wave towards ATH. 📉 Key Levels BUY trigger The reaction of the buying candle at 3330 BUY trigger The confirmation of the candle closing above 3357 (fibonacci 0.618) Target 3383 Higher is 3431 Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSDLong
by VHT_Trader
30