Gold May be in Bullish Direction from a Support LevelHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
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On May 9, the London market XAUUSD real-time trading strategyXAUUSD's huge drop hit 3274. From the side news, there is no huge potential impact. Because almost all important data are updated. From the larger level of K-line cycle, the top structure appears, which is why I remind everyone to continue to sell.
In the trading process, it is very important to switch from long to short. Often some traders always suffer huge losses in their accounts due to misjudgment. This week, under my accurate prediction, the market trend is exactly the same as I expected.
Summary: There is no major news affecting the current situation. And it is the last trading day of this week. For XAUUSD, maintaining high selling is the current trading direction. There are signs of returning to the weekly opening price at the daily level. Observe whether the pressure range of 3330-3340 can stabilize during the day. If not, we can focus on the lower profit range. 3260-3220.
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XAUUSD/GOLD WEEKLY BUY PROJECTION 11.05.25Pattern: A bullish pennant pattern has formed, signaling a potential upward continuation.
Breakout Confirmation: Price has broken the daily short-term downtrend line and is retesting the breakout zone, which suggests potential for a strong upward move.
Support & Resistance Zones:
Support Levels: S1 (≈ 3325), S2 (~3270)
Resistance Levels: R1 (~3350), R2 (~3375), ATH & Resistance 3 (~3425)
Entry Zone: Price is in a buy zone, reinforced by a bullish spinning top candlestick and alignment with an uptrend line.
Stop Loss: Placed just below Support S2 (~3270)
Take Profit (tp): Near ATH zone (~3425)
Is GOLD still rising star? XAUUSD AnalysisHello everyone!
i Want share my idea about gold price action.
End of April we had some correction but beginning of May it still has buyer and why? at global market we see still misunderstanding, America and China still talk about rates, final talk will be soon between that to giant country, Russia-Ukraine war plus we have very hard situation between India and Pakistan, everyone was expecting peace, after trump inauguration, but how we see we are still far, no one knows what will be next and for big investors gold is safest place to invest money. If we look at gold for long term we can see it has pretty strong bull run.
For me i have other view - China and America will deal about rates, which will give market better view, i think before it will happen, Gold will test new High, where it will find sellers and from there we will have 2 quarter Bearish trend. New high will be between 3500 - 3550, also if we look at Dollar index (DXY) at 1D chart it found buyers and slowly showing reversal, but don't forget 1W chart because there we had 1W consolidation from 2023 and the last fall was stronger than other falls, at technical it tested weekly Fair Value Gap, but i cant see any reason yet for fall.
I think Gold will show us new high which will be between 3500 - 3550 and then we will get bearish trend and we will see correlation with dollar and dollar will start bullish trend.
With technical i will use simple technic, gold tested today daily fair value gap and it got strong reaction, we have resistance + 2h FVG but for me it will be not hard for gold to brake it.
This analysis is from my experience, i am not financial advisor.
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ALWAYS MAKE YOUR OWN RESEARCH !
XAUUSD DOUBLE TOP BEARISH PATTERNKey Factors to Consider:
Breakout Confirmation – If price decisively breaks below the neckline of the double top, it strengthens the bearish outlook.
Volume Analysis – A surge in selling volume at resistance or during the breakdown can validate the pattern.
Momentum Indicators – RSI, MACD, and Stochastic Oscillator can help confirm bearish momentum.
Support Levels – Watch for intermediate support zones that could slow down the decline before reaching 3203.
Resistance: 3500
Target: 3203
XAU/USD (Gold vs. USD) on a 30-minute timeframe🔍 Trade Setup Overview
Entry Point: Marked with a blue arrow; price has bounced off a support zone and is beginning to form higher lows.
Stop Loss (SL): Placed just below the most recent support zone (around 3,207.664), providing protection in case of breakdown.
Take Profit Targets:
TP1: Around 3,260 — first resistance level.
TP2: Around 3,285 — a stronger resistance or supply zone.
TP3 (Last Target): Around 3,322.145 — key level where the price reversed earlier.
📈 Structure and Indicators
Volume: Noticeable volume surge near the entry area, signaling strong interest at this price.
Price Action:
A steep drop was followed by accumulation (sideways movement), indicating potential reversal.
The pattern resembles a rounded bottom or reversal base.
Trendlines: Clear resistance and support levels marked to guide potential TP areas.
✅ Trade Bias: Bullish
This is a buy setup aiming to catch a move from the current price toward higher resistance zones. The risk-reward is favorable if the trade is managed well.
Gold still has room to fallThe current market sentiment is undergoing a significant shift from risk aversion to risk appetite. The easing of trade tensions has greatly boosted market risk appetite, leading to a large-scale outflow of funds from safe-haven assets such as gold.
Considering the positive impact of the tariff agreement, gold prices may face further downward pressure. Technical analysis shows that once it falls below the $3,200 mark, the next support level is around $3,150. The further weakening of market risk aversion and the strengthening of the US dollar will continue to suppress gold prices.
The 1-hour moving average of gold continues to cross the downward short position, proving that there is still room for gold to go down. Based on the short-term resistance area near 3250, continue to short gold on rallies.
Gold's short-term rebound is weakAt the daily level, the Bollinger Bands are closing and flattening, and the 5-day moving average and the 10-day moving average are entangled near the middle track. The current price is running below the middle track, and the 5-day moving average has turned downward. The technical side shows that the current gold price is fluctuating and bearish, and the MACD has crossed at a high level. The red column continues to shrink. Intraday operations should focus on high-altitude thinking. Pay attention to the 10-day moving average and the middle track 3250-60 area resistance on the top, and pay attention to the support near the lower track of US$3200 on the bottom.
At the 4-hour level, the current downward trend of shock is more obvious, and the shape is a step-down. Ma5 and Ma10 are glued together and cross below 66ma. MACD death cross is combined with green column volume, and the overall idea of falling back and adjusting is maintained. The 1-hour moving average is still a downward short arrangement. After gold jumped down and opened, there is a large gap. Gold rebounded weakly and continued to fall. It will be difficult to cover the losses in the short term, and it will be covered in the process of roundabouts in the future market.
Gold continues to short despite rebound!In terms of short-term operation strategy for gold, it is recommended to short on rebound and long on pullback. The upper short-term focus is on the 3248-3252 resistance line, and the lower short-term focus is on the 3200-3160 support line. It is necessary to control the position and stop loss, and set the stop loss strictly. Gold operation strategy reference: When gold rebounds around 3245-3250, short (buy short) 20% of the position in batches, stop loss 10 points, target around 3210-3180, break the position and look at the 3160 line.
U.S.-China tariff easing weighs on gold pricesThe US-China tariff negotiations have made positive progress, and the global capital market has become active. However, the safe-haven asset gold has been sold off sharply, with a single-day drop of more than $100 again. In the past two or three months, single-day fluctuations of hundreds of dollars have become the norm. The current price maintains a volatile pattern in the 3231-3248 range. At present, 3250 has become a key resistance level. If it can effectively break through and stand firm, the gold price is expected to further test the 3270-3288 area. However, from the perspective of short-term momentum, it is still under pressure to pull back in the late trading period. Technically, the upper resistance is concentrated in the 3248-3252 range, and the lower support is around 3215-3200. It is recommended to focus on long positions on pullbacks and supplement them with high positions on rebounds.
Gold bulls and bears are chasing each other fiercelyNow the price of gold has slightly rebounded from a high position to above the lower track of the convergence range. Analyzing that the triangle convergence range has not broken, it should be seen that there is a rebound below, but given that the price of gold has fallen from a high position, it is also very short-term to go long now. The trend of gold today is relatively repeated. The first is that the price of gold fell below Thursday's low of 3288 in the early trading and pierced the lower track of the triangle convergence before pulling up. In terms of the overall structure, we conceived that it is the third wave of decline since the historical high of 3500. The prerequisite for establishing this trend is to fall below 3292. Before that, the two breaks last night and today's early trading were recovered. Then the market needs to pay attention to whether the price of gold will continue to test or break this position to go down in the C wave. Therefore, it is still necessary to maintain this idea. If the closing price of gold directly rises and breaks through the 3369 position, it proves that the 3500 position is not a historical high, and a higher position than this position will appear later.
Gold plunges on tariff talks!Gold opened sharply lower, so we should pay attention to the gap filling. It fluctuated sideways at a low level, and the upper pressure was 3290-3292. According to the previous operation rhythm, if the European session rebounded to fill the gap, we should rely on the 3320-3325 pressure to go short, which is a volatile market. If the European session did not fill the gap, but was suppressed below 3292 and fell, then the rebound could be shorted for the second time. If the European session broke the low and fell and weakened, we can continue to be short, and the support below is 3222-3200.
XAUUSD New York market trading strategy.The Russian-Ukrainian war sentiment has once again ignited the market's risk aversion sentiment. After the New York market opened, the US stock market opened higher, causing XAUUSD to fall to around 3200 and then rebound. After the New York market opened, XAUUSD continued to rise to 3248.
After the weekend news continued to be digested in the Asian market and the London market, the New York market once again boosted XAUUSD due to geopolitical news.
At present, we are paying attention to whether the position of 3255-3272 can be effectively broken through and stabilized. If it cannot continue to sell at a high level.
Gold plunged. Will it rebound?Market Summary:
Gold prices suddenly saw a new round of selling in Asian markets on Monday, and the price of gold just fell to $3,210/ounce, reaching today's low, a drop of nearly $110.
Gold prices weakened at the beginning of the new week as the latest optimism about the US-China trade agreement continued to weaken demand for traditional safe-haven assets.
At the same time, positive signals from the US-China negotiations eased market concerns about a US recession. This, coupled with the Fed's hawkish comments, helped the dollar stabilize near multi-week highs and put pressure on gold. The gold price trend seems quite fragile. Gold prices fell and broke below the main bullish trend line in the short term, which sent a bearish signal, indicating that the trend may change.
I think the US-China trade agreement will have an impact on gold prices for a period of time.
Technical Analysis:
Gold's 4-hour level oscillation downward trend is relatively obvious, and the shape is a step downward. After the gold gapped down, there was a large gap. The gold rebound was unable to continue to fall. It is not easy to cover it in the short term. It will be covered in the process of the market. On the whole, for the short-term operation of gold today, Quide suggested that the rebound should be shorted as the main strategy, and the retracement should be long as the auxiliary strategy. The short-term trading should focus on the upward resistance of 3240-3250 US dollars, and the downward resistance should focus on the support position of 3200-3190 US dollars.
Today's operation strategy:
Operation strategy 1: Short the price when it rebounds to around 3245 US dollars, stop loss at 3260 US dollars, and take profit near 3210.
Operation strategy 2: Long the price when it falls back to 3210 US dollars, stop loss at 3200 US dollars, and take profit near 3240.
Gold prices are under downward pressure and short-term fluctuatiAt the 4-hour level, the current oscillating downward trend is more obvious, with a step-down pattern. MA5 and MA10 are glued together and cross 66ma. MACD crosses and the green column increases in volume. The overall idea of falling back is maintained. The 1-hour moving average is still a short position arrangement with a cross downward. After the gold gap opens low, there is a large gap. The gold rebound is unable to continue to fall. It is not easy to cover it in the short term. It will be covered in the process of roundabouts in the market. Today's short-term operation is mainly rebound shorting, supplemented by low longs. Pay attention to 3300 and 3320 resistances on the top to participate in high altitude. Pay attention to the morning low point 3260-3245 support above.
Today's gold trading analysisAffected by the optimistic news about Sino-US trade, spot gold opened sharply lower, and then the price of gold further declined. The current price of gold is around $3266/ounce, a plunge of nearly $60 in the day. Gold fell after being under pressure at the 3350 level last week. Our mid-term short position at 3343 finally ushered in a harvest at the beginning of this week. The market started the gap-down mode. The daily trend of gold is still likely to fall. It is currently an adjustment at the daily level, but the strength of the adjustment is relatively strong! The weekly line of gold fell back and closed lower, forming a double needle top with the upper shadow line of the previous high point, and gapped down to below 3300. The weekly and monthly lines have confirmed the second high, and the K-line pattern has the initial top adjustment. The daily chart has fallen back after a second high, and there is a possibility of forming a double top in some parts. 3500-3438 is the double high, and the neckline is at the 3200 line. If it breaks, a top adjustment structure will be formed.
Gold 4-hour chart forms a step-by-step oscillation and falls back. It is currently approaching the neckline. However, the moving average indicator is in a messy divergence. The short-term will be roundabout and repeated. The overall idea of falling back and adjusting is maintained. The middle track of the Bollinger Band coincides with the rebound high of last Friday, which is the critical point of this week's short position. There is a large gap in the hour, which is not easy to fill in the short term. It will be filled in the process of roundabouts in the market. This morning, gold opened at a low of $3259 and started a rebound trend! At present, the oversold rebound trend will continue today! Gold continues to rebound, and the support below is focused on the $3260 line. Today, relying on this support, we can rebound. The top can look at the $3300 and $3320 lines! On the whole, today's short-term operation strategy for gold is to focus on long positions on pullbacks and short positions on rebounds. The short-term focus on the upper side is the 3320-3330 line of resistance, and the short-term focus on the lower side is the 3259-3260 line of support.
Short order strategy:
Strategy 1: When gold rebounds around 3320-3325, short (buy short) 20% of the position in batches, stop loss 10 points, target around 3300-3280, break the position and look at 3260
Long order strategy:
Strategy 2: When gold falls back to around 3258-3260, buy long positions in batches (buy up) with 20% of the position, stop loss 10 points, target around 3290-3310, break the position and look at 3330
Gold Is Doing What Ever Gold Wants To DoPreviously I posted a reading where I said gold was to go a bit down before is went up. But Gold didn't go down, and went straight up.
But it did go up right :D
Right now I strongly believe gold is in a wxy correction.
And I think will finish the y-wave i the green box area somewhere between 3,147 and 3,077, which is the 100-123% fib-level of the w-wave.
The reason I believe this, is at that timewise the y-wave will here have taken as long as the w-wave, and I the price is heading for that cyan median line. And normally price will also go to the bottom and a bit below of the Kennedy line.
Multiple factors are pointing to that level.
When price hits that level, I believe we will see a 5th level to the upside where 4,000 definitely is in play.
I will include a link to a higher degree reading, where you can see I believe gold has finished a third wave, so we still need a 5th wave to the upside.
Gold operation, rebound short selling is still the main themeThe gold Asian market has no rebound power, and keeps oscillating and falling. The highest rebound is 3292 and the line is suppressed, and the lowest is 3259. The rebound is still dominant, so we can just rebound and go short. Today's opening is still difficult to fill the gap. Don't hold out hope. Just keep shorting on the rebound.After all, the international situation is a comprehensive ceasefire between India and Pakistan, and the 30-day ceasefire talks between Russia and Ukraine are mainly negative for gold. Coupled with the technical shorts, it is reasonable for gold to jump short. Today we will treat gold with a rebound and shorting. The top will focus on the suppression of the 3277-91 line. In operation, the rebound and shorting will be the main focus. Be a stable trader. I have been here. If your current gold operation is not ideal, I hope I can help your investment avoid detours. Welcome to come and communicate!
Judging from the current gold trend, today's upper resistance is focused on the 3287-93 line, and strong resistance is suppressed near the 3300 mark. This position is also the watershed of short-term strength and weakness of bulls and bears today. Before the daily level breaks through and stands at this position, the main short rhythm of the pullback will continue to remain unchanged.
Gold operation strategy:
Short gold at 3287-93 when it rebounds, stop loss at 3303, target at 3240-3245, continue to hold if it breaks;
India-Pak ceasefire & China-US talks will trigger gold declineTrade Tensions Ease and Safe-Haven Demand Cools 😎
Progress in China-US Economic and Trade Talks
The high-level economic and trade talks between China and the US held in Geneva, Switzerland have achieved substantial progress 🎉! Both sides have agreed to establish a regular consultation mechanism and plan to issue a joint statement 📄. This progress has significantly alleviated market concerns about the escalation of trade frictions, causing a sharp decline in the safe-haven demand for gold 💸.
Geopolitical Risks Mitigated
India - Pakistan Conflict : India and Pakistan have reached a comprehensive ceasefire agreement 🤝! Tensions in the region are finally calming down, further weakening the safe-haven appeal of gold 👀.
Russia - Ukraine Conflict : The two sides of Russia and Ukraine are likely to restart negotiations on May 15 🤝. This positive development is easing the situation and dampening the demand for gold as a safe-haven asset 📉.
Middle East Situation : The situation in the Middle East (such as the negotiations between the US and Iran) has also eased 🌮. Great news for stability, but not so great for gold's safe-haven status ⚖️.
With all these factors at play, Suggest going short on the rebound 💰! Seize the opportunity while the market trends downward ⬇️.
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@3300 - 3290
🚀 TP 3260 - 3240
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
"XAU/USD Bullish Breakout Setup - Potential Recovery Ahead"
After a sharp drop, XAU/USD is showing signs of consolidation near a key support zone. The chart outlines a potential bullish reversal setup with expected higher lows and a breakout towards the 3338 level. A clean entry with a favorable risk-reward ratio is marked, following market structure logic. This setup avoids risky language and is purely educational.
Market Summary of Gold Last WeekAt the beginning of this week, the gold market has demonstrated strong upward momentum. The spot gold price has rapidly risen from around $3,314 at the start of the week. Boosted by risk aversion sentiment, it has advanced all the way and reached a peak of $3,438, precisely testing the resistance level of the upper band of the daily Bollinger Bands. This price has also refreshed the recent high record.👉👉👉
However, the good situation didn't last long, and the market situation took a sharp turn for the worse in the middle of the week. Due to the excessive increase in the early stage, a large amount of profit-taking from long positions poured out. Coupled with the concentrated release of the demand for a technical pullback, the gold price failed to hold firm at the high level and instead fell rapidly. By the close of trading on Friday, spot gold closed at $3,327.25, experiencing a significant decline compared to the intraday high, indicating that the intensity of the short-term battle between bulls and bears has further intensified.
If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!👉👉👉
Rebound or reversal? Analysis of gold trend on Monday🗞News side:
1. The India-Pakistan conflict escalates again
2. The progress of China-US negotiations
📈Technical aspects:
On Friday, we judged that the gold price trend may form a "head and shoulders bottom" pattern. Technically, the key support level below is still focused on the 3270 line, while the 3450 level above constitutes a significant double-top structure resistance level. At the daily level, the recent K-line combination has completed a deep retracement from the 3500 mark with two long negative lines, directly breaking through the important support platform. The K-line on the current day continues to adjust with a shadow line, and the oscillating rhythm of alternating yin and yang is in line with the characteristics of technical corrections. At the beginning of the week, it is recommended to maintain the operation idea of high altitude, low and long
1.🎁BUY 3320-3325, SL 3312, TP 3360-3380
2.🎁SELL 3355-3360, SL 3368, TP 3320-3300
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
Sharing of the Latest Trading StrategyAll the trading signals this week have resulted in profits!!! Check it!!!👉👉👉
On Friday, spot gold saw a slight rebound and regained the $3,320 level during the North American trading session. However, it showed a volatile trend throughout the week. The trend for next week remains bullish. The market interprets the US - UK trade agreement as a "hollow agreement". Coupled with Trump's tariff remarks ahead of the upcoming high - level talks among major economies over the weekend, the risk - averse sentiment has heated up again, providing support for the gold price. Pay attention to the support level at $3,300 below. Wait for a pullback to go long.
Trading Strategy:
sell@3350-3360
TP:3320-3300
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