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Cyclic Patterns Point to 600-Pip Downside in GoldUnfortunately, gold failed to reach the expected 3620 target area during the pullback. It only touched around 3628 in the early morning hours before rebounding again. During this period, because I saw that gold could not fall below 3628, and even could not fall below 3630 at one point, I promptly closed all short positions near 3630. Although the two transactions suffered losses due to the slightly lower entry price, because we added short positions near 3636 and 3646, the overall profit was still $10K. Gold has now rebounded again and continued its upward trend to around 3657, continuing its upward trend. However, aside from opportunities to enter the long position in the 3630-3628 area, there are virtually no other good long entry opportunities. Judging from the current trend, gold still has the potential to continue to rise to around 3665, but since I missed the opportunity to enter the long position at 3630-3628, I will never choose to chase the rise of gold now. Although the current uptrend is strong, even if you short gold, there are always opportunities to exit safely and profit during the day. Therefore, I still plan to try to short gold in the 3655-3665 area. Of course, keep my tips from yesterday in mind when shorting. When you first try shorting gold today, try to use a small lot size. When adding positions, you can appropriately increase the number of trading lots to increase the average price and increase profit margins. From a shorting perspective, it is relatively safer! At present, I will pay close attention to the short-term support area of 3640-3630, followed by the area of 3610-3600. Don’t subjectively think that gold will not pull back to the 3610-3600 area, because in the previous band, after gold experienced three 200pips fluctuation retracements, the fourth retracement reached 660pips; and now gold has experienced three 200pips fluctuation retracements again. If it follows the cycle, gold may usher in another retracement of about 600pips, that is, reaching the 3610-3600 area.
OANDA:XAUUSDShort
by PriceSniper_Steffen
Breaking Free: How Bears Can Win Back in GoldAfter touching the trend line resistance area of 3640-3650, gold fell back as expected, showing a high "doji" in the hourly candle chart and signs of stagflation. It is expected to become a market turning point in the short term. The gold market may usher in a good correction in the short term due to this technical turning point. However, we need to note that as long as gold remains above 3580, the current situation is still a strong bullish pattern, so we must pay attention to the extent of the retracement. As gold continues to rise, the current short-term support is at 3620-3610, so I think it is necessary for gold to retrace its support in this area. Once gold is supported in this area, it may rebound again and retest the high area of 3640-3650. If gold falls below the short-term support area of 3620-3610, then gold will further retrace its steps to 3590-3580, which is the lifeline of bulls and the dividing line between bulls and bears. If gold falls below the 3590-3580 area during the backtest, the current gold bull advantage will no longer exist, and the bears will likely regain control of the situation. As most long funds take profits and the market experiences panic selling, gold will completely turn into a bearish trend and fall further. At present, I still hold short position in gold, and first aim at the short target area: 3620-3610 area. Once gold falls below this area, the target area will be postponed to 3600-3590 area. I am currently holding my short position and have already realized some profits. I very much hope that gold will fall back to the target area as expected!
OANDA:XAUUSDShort
by PriceSniper_Steffen
Turning the Tables: Bears’ Guide to Profit in GoldDriven by the dual influence of interest rate cut expectations and the job market, gold prices continue to rise and reach new highs. This is entirely a game played by big money at this stage. Buying sentiment in the gold market is currently so high that most of the time, there's no opportunity to even enter a long position. Therefore, after considering the possible phenomenon of "buying expectations and selling facts", while controlling risks, I carefully tried to short gold. Although I suffered losses frequently, I also made a good profit overall because I successfully captured the volatility. Currently, gold continues to rise and has reached a high of around 3637. In fact, according to its wave pattern, gold may experience a pullback at any time. This is why I insist on shorting gold today. The 1st wave: Gold rose from around 3405 to around 3508, a 3.1% increase with a fluctuation of $105. The 2nd wave: Gold rose from around 3470 to around 3578, a 3.16% increase with a fluctuation of $108. The current wave: Gold rose from around 3512 to its target of around 3637, a 3.5% increase with a fluctuation of $124. According to the trend of price fluctuations, gold has reached and, to a certain extent, exceeded the previous two waves, so a pullback is possible at any time. Furthermore, given that intraday fluctuations have been between $30 and $50 in recent days, and the intraday fluctuation of gold from around 3580 to around 3637 reached $57, a short-term pullback is highly likely. However, because the bullish momentum of gold is strong, I will continue to try to short gold before a clear peak signal appears, but I may appropriately lower my expectations for gold's pullback, that is, appropriately lower my expectations for profit margins. My current short position entry prices are: 3612, 3621 and 3636. Basically, I add positions every time the fluctuation is 100-150pips. I currently hope that gold can retreat to the area around 3610-3600.
OANDA:XAUUSDShort
by PriceSniper_Steffen
2
Critical Zone 3610–3620:Shorts Get Ready！After retreating to around 3579, gold rebounded again and has now reached a high of around 3614. Fortunately, the gold retracement gave us the opportunity to safely exit our previous short positions, and we accurately seized this pullback opportunity to close all our previous short positions at a break-even point. As I said, closing my short position does not mean that I am not optimistic about the gold pullback, but in the process of executing swing trading, we need to constantly adjust to make our short entry price more favorable to us. Therefore, closing the short position entered at a relatively low price previously gives us the flexibility to enter the short position again at a higher price. Gold was quickly pulled up to around 3614 in the short term. There was almost no headwind in the short term. Driven by the dual expectations of interest rate cuts and risk aversion demand, the bullish momentum was strong. However, in the short term, we are currently facing the 3610-3620 trend line resistance area, so I still do not advocate continuing to chase more gold; on the contrary, no matter what, I will continue to try to execute swing trading to short gold in the 3610-3615 area. Although the bulls have risen strongly, it does not actually provide a good position to enter the market to go long on gold. Since we cannot participate in long transactions, we can only try to short gold in waves during constant adjustments. On the premise of controlling trading risks, as long as we are not afraid of short-term floating losses, once gold begins to collapse, we will be the first traders to reap the benefits of the short position. Therefore, when gold is facing the trend line resistance area of 3610-3620, I first considered and executed a short trade at 3610-3615 as planned, hoping that the gold market will have a good retracement as some unsteady funds show signs of profit-taking!
OANDA:XAUUSDShort
by PriceSniper_Steffen
Extended Pullback Ahead: A Golden Opportunity for ShortsDue to the stimulation of the NFP market, gold continued to refresh its historical highs, continued to break through the recent high of 3578, and touched the 3600 mark as expected. According to the current market structure, the bullish momentum of gold is strong, and there is no obvious peaking signal in the short term. As the center of gravity of gold continues to rise, the current short-term support will move up to the 3570-3550 area, and the short-term strong support is near the 3530 area. However, in this extreme market, we shouldn't blindly chase gold at high levels to avoid being buried in a crash. Two key details emerge from this: 1. Gold experienced a significant pullback near 3578, retreating to around 3511. 2. Gold failed to hold above 3600 before Friday's market close, falling back to around 3586, indicating some profit-taking. Furthermore, the current surge in the gold market is driven by news and, to some extent, has deviated from technical indicators. Market sentiment is extremely euphoric, making it vulnerable to a sudden collapse during this period. Furthermore, after this period of digestion, expectations of a rate cut have largely faded, potentially leading to a potential exit by large investors and panic selling. Therefore, I do not think that chasing gold at high levels is a rational and correct strategy. Gold may still retrace to the 3570-3550 area in the future, or even continue to retrace to the area around 3530. Of course, this is another opportunity to make short profits in the short term. I currently hold a short position with the average price around 3582. If you also hold a short position like me, I think we can seize the profit opportunity of the gold pullback next!
OANDA:XAUUSDShort
by PriceSniper_Steffen
Gold Rockets Toward 3600 on NFP—How Can Shorts Escape？After the NFP market unexpectedly broke out, gold is currently testing the 3600 mark, and the bullish momentum is strong. However, when gold is facing the pressure of the 3600 psychological level, it is showing signs of stagflation at a high level. So I still think that before gold completely stands above the 3600 mark, it is still necessary for gold to retreat first. Because the gold market rose sharply under the influence of the NFP market, many investors were unable to intervene in the market in time, and even some investors who had already bought gold at high prices were not determined. Therefore, once gold experiences stagflation at a high level, some unsteady chips may first consider taking profits, thereby triggering panic selling; on the other hand, the gold market has risen sharply, and off-market wait-and-see funds dare not enter the market easily. Due to the lack of liquidity, gold may lead to weak continuity, so there is also a need for a pullback to increase liquidity! I still hold a short position in gold, with an average entry price of around 3582. Although there is a certain floating loss at present, the risk is still controllable and within expectations, so there is no need to be too nervous for the time being. I still expect gold to retreat to the 3570-3560 area before the market closes today.
OANDA:XAUUSDShort
by PriceSniper_Steffen
Gold Price Analysis (XAUUSD 4H): Bulls Eye $3,600 but ResistanceGold has continued its impressive rally, pushing higher on the 4-hour timeframe and reaching the $3,587 zone. With momentum on the bulls’ side, the big question remains: Can XAUUSD break above the $3,600 resistance, or is a pullback on the horizon? The 4-hour chart shows a clear uptrend, with price action forming higher highs and higher lows. The recent surge took gold from the $3,250 level all the way to nearly $3,600, a gain of more than $300 within weeks. This bullish momentum is supported by strong buying volume, indicating that traders continue to see gold as a safe-haven asset in the current global environment. Key Technical Levels Resistance Zone: $3,600 – $3,620 Support Zone: $3,500 – $3,520 Next Upside Target: $3,700 and $3,750 if resistance breaks Potential Downside Target: $3,520 if price fails to sustain above $3,550 RSI Indicator The Relative Strength Index (RSI) is trading near the 70 level, signaling that gold is approaching the overbought territory. While this confirms strong bullish momentum, it also raises the likelihood of a short-term correction or consolidation before the next big move. Market Sentiment Currently, gold is at a critical juncture. Buyers are attempting to break the $3,600 barrier, but selling pressure has been visible with upper candle wicks forming near this level. A decisive breakout above $3,600 could open the path toward $3,700+. A rejection from resistance may trigger a pullback toward $3,520–$3,500 support. Trading Outlook For swing traders, the strategy remains straightforward: Bullish Bias: Stay long as long as price holds above $3,500. Watch for confirmation above $3,600 to target $3,700 – $3,750. Bearish Bias: Short-term traders may look for pullback opportunities if price fails to hold above $3,550, aiming for $3,520 support. Conclusion Gold (XAUUSD) remains firmly in a bullish trend, but immediate resistance near $3,600 could determine the next move. Traders should closely monitor price action around this key level—either a breakout to new highs or a pullback to reset momentum. ✨ Gold’s next move could set the tone for September trading. Stay alert and manage risk carefully.
FXOPEN:XAUUSDLong
by forexinworld
Brace Yourself: NFP May Send Markets Crashing AgainYesterday, gold rebounded after retreating to the 3537-3535 area, reaching a high of around 3561. Although gold has rebounded again, I believe its potential is limited. Because after gold retreated deeply from around 3578 to around 3511, its structure has been gradually changing, and the rebound was not strong. Judging from the current trend, 3578 is expected to form a temporary high point, and the withdrawal of large funds will easily stimulate gold selling sentiment in the short term, especially for those who are afraid of heights and are not firm. There is an NFP market today. If gold cannot break through 3565 before NFP, then gold is likely to fall again and fall below the area around 3535. Therefore, in terms of short-term trading, I will still insist on shorting gold on rallies. As long as gold does not exceed the area around 3565 during the rebound, 3578 may be successfully confirmed as the interim high point, and gold may usher in a good pullback again. We are looking forward to the reappearance of the deep pullback market during yesterday’s Asian session, which will bring us huge profits again.
OANDA:XAUUSDShort
by PriceSniper_Steffen
Gold’s Next Move: DOWN!!!Although gold continues its strong upward trend, it still provides opportunities for pullbacks during the day. For example, it hit a low of 3470-3467 yesterday. Currently, the highest price of gold has reached around 3550. Gold continues to set new historical highs. There is no price behavior and technical resistance above it as a reference. But obviously, as long as gold remains above 3540, I will not choose to aggressively chase gold at high levels. On the contrary, while gold is rising, I will still try to short gold at the top while setting protection. In terms of price behavior, gold started to rise from around 3322 and has reached around 3550 so far, with an increase of up to $228. Although there has been no decent retracement during this period, this strong momentum is indeed easy to form a combined force. However, once the market returns to rationality, the decline will definitely not be small. So at the current stage, I do not advocate going long on gold. On the contrary, I will actively look for opportunities to short gold! In the short term, we first need to observe gold's performance in the 3540-3530 area. If gold cannot fall below this area during the retracement, it may have the potential to continue to rise. If gold falls below the 3540-3530 area, the first retracement target will be the 3525-3515 area. If this area is broken, it is likely to continue to 3500-3490.
OANDA:XAUUSDShort
by Trading-Diary_Steffen
Gold Freefall AheadIntraday Trading Adjustments: 1. Closed a short position near 3470 (entry price: 3480), one of the lowest entry prices for a planned swing trade, locking in a profit of nearly 100 pips. 2. Closed a short intraday long position near 3491 (entry price: 3478), locking in a profit of 130 pips. 3. Immediately after closing the long position, added another short position near 3491, still planning a swing trade. Current Position (Swing Trading Plan): I continue to hold short positions with entry prices near 3493, 3505, and 3491. For swing trading, the first target area to consider for a pullback is 3460-3450, followed by 3435-3425. Market Analysis: While gold has not yet seen a significant decline, it has shown initial signs of topping out. A double-top formation with 3508 as the apex and 3495 as the secondary apex may form a significant resistance level in the short term, prompting a further pullback in gold. According to the current structure, as long as gold remains below 3595, it will help to successfully establish a double top structure; in addition, DXY has a need to continue to rebound in the short term, which is not conducive to the continued rebound of gold to a certain extent, and has a certain suppressive effect on gold. Therefore, at this stage, I will continue with the swing trading plan and hold the above short positions. The primary target of the retracement is considered to be the 3460-3450 area. If gold falls below this area during the retracement, it may even continue to the 3435-3425 area.
OANDA:XAUUSDShort
by Trading-Diary_Steffen
Start shorting gold in a swing trade, target: 3435-3415Gold has just broken through the 3500 level and continued to near 3509. Bullish momentum is strong. Currently, gold has significantly deviated from technical indicators and is driven entirely by market sentiment. However, from a trading perspective, it's difficult to easily find a suitable entry point to participate in a long gold trade. However, since yesterday's 3480 level, I've been increasing my short positions in gold and planning swing trading. Although there has not been a decent pullback yet, there are still reasons to support my shorting of gold! 1. While prices above 3500 have broken through historical highs, this is still uncharted territory, and bulls may be more cautious and hesitant. 2. Market expectations for a rate cut are currently growing, but after the Fed implements the cut, gold could experience a significant pullback, creating a "buy the expectation, sell the reality" phenomenon. 3. Although sentiment is currently driving the market, and technical indicators are completely distorted, there's still room for a technical pullback once market sentiment returns to rationality. 4. Based on current signs, gold may be accelerating towards its peak. These are the reasons why I'm continuing to increase my short positions in gold. As a swing trade, while the holding period may be extended, my target for the short position remains firmly in the 3435-3415 range. If gold breaks below this range, the trend could extend to 3400-3390. Of course, during swing trades, the longer holding period doesn't prevent us from executing short-term, daytime long trades. For short-term, daytime long trades, the current support area worth watching is 3485-3475. We can wait for gold to retrace to this area and then participate in gold long trades.
OANDA:XAUUSDShort
by Trading-Diary_Steffen
XAU/USD Bullish Setup – Buy from POI Zone Towards 3545 TargetXAU/USD (15M Chart) Analysis Trend Analysis: Price is in a clear uptrend, supported by higher highs and higher lows above the EMA 70 & EMA 200. Both EMAs are pointing upward, confirming bullish momentum. POI & FVG Zone: A POI/FVG buying zone (highlighted in pink) is marked between 3481 – 3491, acting as a strong demand area for re-entry if price retraces. Chart Pattern: Price has broken out of a rising wedge formation and is retesting the breakout zone, showing potential continuation to the upside. Support & Resistance: Support: 3481 – 3491 zone (FVG & EMA confluence). Resistance/Target: 3545.608 (major target point). Entry & Risk Management: Entry: Buy near 3491 or 3481 (within POI/FVG zone). Stop Loss: Below 3480 (to protect against false break). Target: 3545 (approx. +55 points). Strategy Confirmation: Trend-following: Bullish continuation above EMAs. FVG/POI: Perfect re-entry buying zone. Breakout strategy: Price broke wedge → retest → continuation expected. Risk-Reward Ratio: Around 1:4, favorable trade setup. ✅ Summary: XAU/USD remains bullish above EMAs. Ideal trade is to buy the dip at 3481–3491 zone with a target at 3545 and stop loss below 3480. Multiple strategies align for upside continuation.
OANDA:XAUUSDLong
by MR_JOHN144
1
Gold near 3500, Who Wins—Bulls or Bears?Today, after gold touched around 3437 during the retracement, it was pushed up to around 3490 again by market sentiment. The bullish momentum was extremely strong and it is currently in a strong bullish trend. According to the current gold trend, there may be room for continuation above. However, in the transaction, I have made it clear that I will no longer aggressively chase the rise of gold! First, gold has risen sharply under the influence of fundamentals, and it is difficult to follow up in time on the technical level, resulting in a technical pullback demand for gold; in addition, gold has shown obvious signs of acceleration during the rise, and the market often easily has turning points after acceleration, and although gold is in an obvious bullish trend, it is still under considerable pressure before breaking through the previous high of 3500. These are the reasons why I am unwilling to continue chasing the rise in gold. The most important point is that since the market expectations of interest rate cuts have increased, a large amount of buying has appeared to push up gold prices before the Federal Reserve announced the interest rate cut. It is very likely that the phenomenon of "buying expectations and selling facts" will occur. Therefore, in the current transaction, I do not advocate continuing to chase gold at high levels. On the contrary, in the 3475-3495 area, I will consider creating as many short positions as possible as a swing trade, and be ready to welcome gold to retreat to the 3435-3415 area at any time. Of course, because swing trading requires a certain period of time, we can still participate in intraday short-term trading during the execution of swing trading, follow the mainstream trend and try to go long on gold with the support area. The support area we must first pay attention to is in the 3460-3450 area. If gold first touches this area during the retracement process, we can consider going long on gold in intraday short-term trading. CAPITALCOM:GOLD FX:XAUUSD TVC:GOLD FOREXCOM:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by Trading-Diary_Steffen
I might be the first to start shortingAgainst the backdrop of strengthened expectations of interest rate cuts and Trump's continued tough stance, gold rose above the 3400 mark and continued to above 3410. The upward momentum was relatively strong and market sentiment was optimistic. But the more this happens, the more dangerous it feels! In fact, from a short-term perspective, the foreseeable target area above is: 3415-3425 area, which has only 100-150pips of room for growth from the current gold price. So I think there is no need to continue chasing long gold for the time being. From the current structure, although gold is in a fluctuating upward structure, the trading volume is gradually decreasing after gold broke through 3410, proving that as gold continues to rise, the market has gradually become more cautious. Judging from the candlestick pattern, the trend line constructed from the highs of 3500 and 3440 is currently facing resistance near 3415, while the resistance of the trend line constructed from 3452 and 3440 is currently near 3425. Therefore, the current more obvious resistance area is in the 3415-3425 area. In comparison, there is a larger retracement space below, firstly in the 3395-3385 area, and then in the 3375-3365 area. Therefore, at this stage, I will no longer aggressively chase the rise of gold; instead, I will start shorting gold in batches above 3410, and then patiently wait for gold to retrace!
OANDA:XAUUSDShort
by Trading-Diary_Steffen
Gold Shows Potential Breakout at $3,390Gold (XAU/USD) has been exhibiting mixed price action over the past few weeks. On the 4-hour chart, we notice a critical resistance trendline forming a descending pattern that has contained price movement for some time. The current price stands at $3,390.26, indicating a potential breakout scenario. Key Levels to Watch Resistance: $3,400 – A level that has repeatedly capped upward movements. Support: $3,325 – The lower boundary of recent price consolidation. Immediate Buy Level: $3,390.54 Immediate Sell Level: $3,390.32 The price is currently testing the descending trendline, suggesting a possible upward momentum if bulls sustain above this level. Traders should be cautious of a false breakout, as consolidation is still evident around $3,375 – $3,400. RSI Analysis The Relative Strength Index (RSI) 14-period shows the momentum hovering near the 60-65 zone, indicating moderately strong buying pressure but not yet overbought. Previous RSI peaks near 70 triggered minor pullbacks, highlighting the importance of this indicator for spotting reversals. ZigZag Indicator Insight The ZigZag 5 10 indicator highlights the swing highs and lows, helping traders visualize the trend reversal points. The recent formation suggests a potential shift toward an upward trend if the current breakout holds above the resistance. Trading Strategy 1. Bullish Scenario: Entry above $3,400 with a target near $3,450. Stop loss around $3,375 to manage risk. 2. Bearish Scenario: If the breakout fails and price dips below $3,375, short positions could target $3,325. Confirm with RSI moving below 50 for stronger conviction. Conclusion XAU/USD is showing signs of a potential bullish breakout after a prolonged period of consolidation. Traders should monitor the $3,400 resistance level closely and watch RSI behavior for momentum confirmation. With careful risk management, this could be a profitable swing trade opportunity.
FXOPEN:XAUUSDLong
by forexinworld
Bears’ Last Chance Before the Golden Bull AwakensToday, gold has held 3373 many times during the retracement process, proving that the current market is still dominated by bulls. Currently, gold has touched above 3390 again, showing that buying power is still continuing. This is also the reason why we have been long on gold in the 3378-3374 area many times today, mainly based on the fact that gold is currently in an obvious bullish structure. But we need to note that although gold continues to rise, it is not strong. Most of the time it still fluctuates at a high level. It may be that the market is not highly unanimous in its agreement on the continuation of the strong bull market stimulated by the news, so the short-term volatility of gold will be exacerbated while it is rising. In addition, gold is becoming more cautious as it approaches 3400. In comparison, there is still a certain amount of suppression in the area around 3400, so we must take into account that gold may still retreat after being under pressure in the short term, so I think it is necessary for us to try to short gold again in the 3395-3405 area; once gold retreats as expected, the first test will be the short-term support in the 3385-3375 area. If the support in the 3385-3375 area is effective during the test, then gold may be able to break through the 3400 mark in one fell swoop, or even continue to the 3410-3420 area. So, in short-term trading. At present, we can consider shorting gold appropriately in the 3395-3405 area. If gold retreats as expected, we will first observe the performance of gold in the 3385-3375 area. If it cannot effectively fall below this area, we can adjust the trading strategy and re-enter the long trade!
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Final Bear Profit—Then Gold Turns BullishSupported by Trump's statement and geopolitical tensions, gold continued to rise to around 3394 and is currently fluctuating narrowly around 3390. Although the upward momentum of gold seems strong, the bulls are not resolute during the rise. Instead, they will launch an attack again after repeatedly testing the support. It is expected that the market is not highly unanimous in its agreement on the continuation of the strong bull market stimulated by the news, so the short-term volatility of gold will be exacerbated during the rise. As gold continues to rise, it is clearly under pressure in the 3400-3410 area in the short term. Moreover, the bullish sentiment of gold has obviously weakened before facing this area, so we must consider that gold may still retreat after being under pressure in the short term. Below, we should first note the short-term support area of 3385-3375. If gold fails to effectively break below this area during a pullback, it will likely retest 3400. Therefore, in short-term trading. At present, we can consider shorting gold appropriately in the 3390-3400 area. If gold retreats as expected, we will first observe the performance of gold in the 3385-3375 area. If it cannot effectively fall below this area, we can adjust the trading strategy and re-enter the long trade!
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Explosive Rally Ahead: Gold Eyes a 3400 BreakoutThere is no doubt that as long as gold is above 3350, the current gold market will maintain a strong bullish structure. After today's sideways trading, gold has clearly established a support platform in the 3370-3360 area. Although it has repeatedly fallen back under pressure in the 3380-3390 area, it has rarely fallen below the short-term support platform of 3370-3360. In addition, the candlestick charts have repeatedly shown long lower shadows, proving that the buying momentum is strong and the market bullish enthusiasm is high! Therefore, in short-term trading, we can try to go long on gold based on the 3370-3360 support level. However, it's important to note that gold has repeatedly come under pressure at the 3380-3390 resistance level. If gold consistently fails to break through this resistance level during its upward trend, bullish sentiment could be affected. Therefore, gold may need to retest support before any further gains. If it falls below the 3370-3360 level during this retest, it could extend to the 3355-3350 level, which is strong support in the short term. Therefore, if gold falls below the 3370-3360 level, it could retest the 3355-3350 level, prompting bulls to launch a counterattack. Therefore, in the short term, given that gold maintains a bullish structure, I would primarily consider going long on gold. 1. Consider initiating a long position in gold in the 3370-3360 area; first, see if gold can break through the 3380-3390 area as expected. 2. If gold retests the support area, consider resuming a long position in the 3355-3350 area.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Gold’s Next Move = Your Next ProfitOn Friday, gold prices soared due to Powell's dovish remarks, reaching a high of around 3379, and the candle chart showed signs of a V-shaped reversal. From a technical perspective, gold still has the potential to continue to rise, and as of now, gold has not effectively fallen below 3360. While effectively curbing the downward space, it also shows that a certain amount of buying momentum is still continuing. However, gold has not yet effectively broken through the 3380-3390 area, and the upper space has not been completely opened. If gold cannot break through this area, the bullish momentum may gradually weaken in the short term. In order to accumulate enough momentum to break through this area, gold may usher in a pullback in the short term. First, we should focus on the 3355-3345 area below. As long as gold remains above this area, the overall bullish pattern will remain. Therefore, this area is the entry area where we should try to go long on gold for the first time after gold pulls back. Therefore, we currently have two trading options: 1. When gold first hits the 3380-3390 area, consider shorting gold. 2. When gold first hits the 3355-3345 area, consider longing gold.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
2
XAUUSD TOP-DOWN ANALYSIS Let’s break this down top-down from the daily → 1H → 15M using my framework (market structure, inducement, POI). --- 1. Daily (D1) Market Structure : The daily chart shows Gold in a range after a bullish rally earlier this year. Price has been consolidating between $3,300 – $3,400 with multiple liquidity sweeps inside this sideways structure. No clear strong trend recently, but bias leans bullish as price is holding above mid-range. Inducement : Recent dips into the $3,300 zone (range low) induced liquidity by running sell-side stops, then price rejected sharply. POI : A bullish daily demand/order block sits around $3,300 – $3,320 (the wick that swept liquidity and launched higher). 🔑 Daily Bias : Bullish within range, targeting upper range liquidity ($3,400+). --- 2. H1 (1H) Market Structure : On H1, price was bearish until it swept $3,320 liquidity, then launched upward with a strong impulsive move (clear displacement). Market structure has now flipped bullish as a new HH (higher high) was printed around $3,372. Inducement : The sweep below $3,320 grabbed liquidity from sellers and late shorts, fueling the impulsive bullish move. POI : The bullish order block/FVG left behind from that displacement sits around $3,335 – $3,345. 🔑 H1 Bias : Bullish, retracement expected into OB/FVG before continuation. --- 3. M15 (15M) Market Structure : On M15, price is consolidating after the large pump. Minor liquidity is sitting above $3,372 (recent high) and below $3,355–$3,345 (fresh OB zone). Inducement : Price may pull back to induce liquidity from breakout buyers before tapping into the OB/FVG below. POI : The cleanest intraday POI is the bullish FVG/OB at $3,345 – $3,355 zone. --- 🎯 Trade Setup Type: Buy setup (continuation) Entry: $3,350 (mitigation of M15/H1 OB + FVG) SL: $3,335 (below OB and sweep low) TP1: $3,380 (range high liquidity) TP2: $3,400 (daily range high liquidity sweep) ➡️ RR ~ 1:3.5 (fits your 3RR rule). --- ✅ Summary : Gold is bullish after a liquidity sweep on the daily & H1. Best play is to wait for a retracement into the $3,345 – $3,355 OB/FVG zone for longs targeting $3,380 – $3,400.
FOREXCOM:XAUUSDLong
by Jeraymi
XAUUSD 15m – EW Short SetupHi fellow traders, On the 15m XAUUSD chart, I am applying Elliott Wave principles to identify a short opportunity. The current structure suggests a continuation to the downside after the corrective move. An additional confluence here is the red-shaded supply zone, which aligns with my projected entry area and strengthens the setup. I am entering at 3347.26, with a Stop Loss at 3351.87 and a Take Profit at 3322.53, targeting the next support level. Good luck and trade safe.
ICMARKETS:XAUUSDShort
by OGwavetrader
XAUUSD Setup: Key Levels to Watch Before the Next Big Swing1. Chart Type & Indicators Instrument : XAUUSD (Gold vs USD) Timeframe: Likely Daily or 4H (based on structure) Indicators: Zig Zag (5, 10) – Helps visualize swing highs/lows and trend reversals. RSI (14) with signals marked (R for Reversal points). Price: 3,338.34 USD (at the time of the snapshot). 2. Trend Structure (Price Action) Previous High: Around 3,500. Current Price: 3,338, which is down ~4.6% from the recent high. Key Swings: Uptrend from 3,167 → 3,499 (+10.5%). Correction down to 3,120 (-10.8%). Subsequent swings are smaller, showing reduced volatility. Observation: Price is consolidating in a range between 3,250 and 3,450 after a strong rally. ZigZag indicates lower highs and lower lows recently, signaling a mild downtrend. 3. RSI Analysis Current RSI: 45.18 (Neutral zone, slightly bearish bias). Overbought zone (70+) was tested multiple times in the past but failed to hold, causing corrections. Recent green dot (R) indicates possible oversold bounce near 30 RSI in early August. Observation: RSI is not yet bullish, suggesting the price could range or test support before trending up. 4. Key Levels Resistance Zones: 3,450 – 3,500 (major resistance from previous highs). Support Zones: 3,300 – 3,250 (strong demand zone). Below that, 3,120 acts as major support. 5. Volume Higher volumes were observed during the strong rally (March-April). The recent volume is lower, indicating a weakening trend strength. 6. Possible Scenarios Bullish Scenario: If the price breaks above 3,450 with strong momentum, it can retest 3,500 and potentially move beyond. Bearish Scenario: If the price falls below 3,300, we could see 3,250 and 3,120 next. 7. Trading Plan Long Position: Only on breakout above 3,450 with volume confirmation (target 3,500–3,600). Short Position : If price closes below 3,300 (target 3,250–3,120). Range Trading: Between 3,300–3,450 (buy dips near 3,300, sell near 3,450). Summary: Market is in sideways consolidation after a strong uptrend. RSI suggests neutral to slightly bearish. Watch for a breakout above 3,450 or a breakdown below 3,300.
FXOPEN:XAUUSDLong
by forexinworld