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9/4: Short Squeeze Nearing End, Watch Key Support at 3500Good morning everyone! 🔹 Key Support Levels 30M Chart: 3547 / 3532–3528 1H Chart: 3521 / 3516–3509 2H Chart: 3541 / 3523–3480 1D Chart: 3514 / 3450 🔹 Key Resistance Levels 3563–3568 / 3578–3588 🔹 Intraday Trading Strategy Focus on selling at higher levels; avoid chasing the rally. Watch 3516–3509 / around 3500 as the main support zone. A short-term buy may be considered if tested, but positions should be taken with caution and closed quickly. Yesterday, gold’s rally exceeded expectations. Although it encountered resistance near 3562 and briefly pulled back, the bulls managed to push prices further, reaching around 3578. This marks the late stage of the short squeeze, and a counterattack from the bears is almost inevitable. Meanwhile, external buying interest will likely turn more cautious at these elevated levels. That said, the 3500 psychological level remains a critical battleground. Bulls are unlikely to give it up easily, and a rebound is very possible if prices revisit this area. However, bears will also defend aggressively, leading to a tug-of-war in the sessions ahead. Therefore, it is crucial not to chase the rally. Secure profits in time — better to miss an opportunity than to hold onto losing positions. After a rally of over $200, the market needs to consolidate, even if a fake downside move occurs. Based on this outlook, today’s core strategy remains: sell on rallies.
FOREXCOM:XAUUSDShort
by China_MsWang
Positive factors for gold and silver as safe-haven assetsUS economic data released on Wednesday showed a weaker JOLTS report on job vacancies. The report (June data) showed that US job vacancies fell to 7.437 million, down slightly from the previous month and the lowest level since April. The report also showed that the labour market is slowing, with fewer people being hired. This is good for the doves in US monetary policy and also supports gold and silver bulls. Global bond yields are rising (prices are falling), mainly due to concerns about inflation, government debt sales and fiscal discipline. This is also a positive factor for gold and silver as safe-haven assets, although capital gains are not a positive factor in themselves. U.S. Treasury yields rose, with the 30-year bond now approaching 5%, while yields in the U.K., Australia and Japan also rose. The sell-off reflected traders’ concerns about large government spending and the risk of inflation, with Bloomberg’s gauge of global bond yields down 0.4% on Tuesday.
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold is Ready For Bull After Forming a Strong SupportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
GOLD breaks above $3500 – New ATH every day! What’s next?Gold (XAUUSD) is entering its hottest phase, moving 50–60 points per day with explosive volatility. Price is now reacting at a key FIBO extension resistance, where SELL pressure has appeared but still lacks strong confirmation on higher timeframes (H1–H2). 📊 MMFLOW VIEW Sideway → Breakout → Consecutive All-Time Highs (ATH). FVG zones & Key Liquidity levels are still supporting the BUY side. SELL setups remain secondary and only valid with clear volume confirmation. Main scenario: Wait for liquidity retest → Focus on BUY setups. 🔑 KEY LEVELS Resistance: 3440–3446 (ATH) | 3564 | 3576 | 3586 | 3595 Support: 3528 | 3508 | 3494 | 3480 | 3468 🎯 MMFLOW PLAN ✅ BUY ZONE: 3481 – 3479 SL: 3474 TP: 3486 – 3490 – 3495 – 3500 – 3510 – 3520 – 3530 – ??? ✅ BUY SCALP: 3496 – 3494 SL: 3490 TP: 3500 – 3510 – 3520 – 3530 – 3540 – ??? ❌ SELL ZONE: 3576 – 3578 SL: 3584 TP: 3570 – 3565 – 3560 – 3555 – 3550 – 3540 – 3530 – 3520 – 3510 – 3500 ⚠️ Warning: GOLD is in a high-volatility phase – wrong entries can get wiped out instantly. 👉 Be patient, wait for Key Levels, and stick to proper RISK MANAGEMENT above all. 🔥 This is the MMFLOW TRADING PLAN – follow us to stay updated and catch the next big moves in GOLD!
OANDA:XAUUSDLong
by MMFlowTrading
1
Don't chase the rise of gold, wait for the retracement to 3500Gold retreated to 3470 yesterday before rebounding. Driven by safe-haven funds, it surged strongly, breaking through the 3500 resistance level and reaching an all-time high of 3546. The main reason for the rise is market concerns about the UK's economic outlook. Coupled with the general rise in global bond yields, the UK's long-term borrowing costs hit their highest level since 1998 yesterday. As for gold at this point, my view remains that it's best not to chase the rally. While the current state of gold is generally bullish, the more such times are, the greater the risks. Especially with gold prices at their all-time high, you don't know where the top will be or where the pullback will begin. This creates the greatest uncertainty. When it comes to trading, my philosophy has always been to avoid uncertain trades. I prefer to wait for better opportunities, as they are free. What gold needs now is a pullback to support, which would provide momentum for further gains. However, yesterday's pullback to the crucial 3450 level wasn't reached. Currently, gold has broken through 3500, so 3500 has turned from pressure to support, so I will pay attention to 3500 next and wait to see whether it stabilizes before considering whether to enter the market. 📣If you have different opinions, please leave a message below to discuss
TVC:GOLDLong
by Running_Golden_Bull
Gold (XAUUSD) Bulls Aiming for 3582! | Key Levels to Watch Hello Traders! 👋 Gold has broken above strong resistance and is now trading around 3538. Price action suggests a possible pullback into the 3491 zone before continuation higher. If bulls defend this demand area, the next target is the 3582 zone, which aligns with the next major resistance. 📌 Key Levels to Watch: Support 1: 3437 – Strong previous resistance turned support Support 2: 3491 – Short-term demand zone Target: 3582 – Next bullish objective 📈 Bias: Bullish as long as price holds above 3437. 💡 Watch for a healthy retest before continuation. Confirmation from bullish candlestick patterns will add confluence for long entries. ⚠️ Note: Always manage your risk. Markets can reverse quickly! What’s your view on Gold? Will bulls push toward 3582, or will sellers defend the highs? Drop your thoughts below! 🔥 Hashtags: #XAUUSD #Gold #TradingView #Forex #PriceAction #SwingTrading #TechnicalAnalysis
OANDA:XAUUSDLong
by FrankAgbo
Gold Price Reaches a New All-Time HighGold Price Reaches a New All-Time High As shown on today’s XAU/USD chart, the price of gold has risen above $3,530 per ounce for the first time in history. In 2025, the increase in gold prices has been driven by sustained central bank purchases, asset diversification, steady demand for so-called safe-haven assets amid geopolitical and trade tensions, as well as general dollar weakness. At the beginning of September, bullish sentiment may have been reinforced by: → Expectations of a Federal Reserve rate cut. According to the CME FedWatch tool, markets are pricing in a nearly 92% probability of a 25-basis-point rate cut at the Fed meeting on 17 September. Gold, as a non-yielding asset, is typically seen as a beneficiary of low interest rates. → News from China, where, in the presence of leaders from many countries, the establishment of a SCO development bank was announced. Market participants may have interpreted this as a new source of geopolitical risk and as pressure on the dollar’s status. Donald Trump has already claimed that the summit in China represents a conspiracy against the United States. Technical Analysis of the XAU/USD Chart Looking at gold’s price on 11 August, we: → Drew descending lines forming a red channel. → Highlighted an important support zone in the form of a bullish Fair Value Gap (marked as FVG1 in purple). New data allows for the following observations: → FVG1 acted as support in the second half of August. → The red channel lines resemble a large-scale bullish flag pattern within a long-term uptrend, underscored by the EMA. By using the July and August extremes, we can trace the outlines of an upward trajectory (shown in blue). The price is currently near the upper boundary, which could trigger a pullback, given overbought signals on the RSI indicator and investors’ potential desire to take profits after more than a 6% rise over the past 10 days. From a bullish perspective, a possible pullback target could be the potential support area formed by: → FVG2. Although it does not strictly conform to construction rules, it reflects an imbalance in favour of buyers that led to a sharp price rally. Bears attempted to resist around the psychological $3,500 level but were defeated. → Level C, representing the 50% Fibonacci retracement of the A→B impulse. It should be noted that the upward impulse has not yet been exhausted, as indicated by the green lines. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
1
XAU/USD 03 September 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has finally printed a bullish iBOS, in-line with analysis dated 23 April 2025 Price is now trading within an internal low and fractal high. CHoCH positioning is marked with a dotted horizontal line. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 supply zone before targeting weak internal high priced at 3,547.330. Alternative scenario: Price could potentially print higher-highs. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart : M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed according to analysis dated 13 June 2025 by targeting weak internal high priced at 3,451.375 and printing a bullish iBOS. Price has again continued to print bullish with previous pullback being very minimal, therefore, I will again apply discretion and mark previous iBOS in red due to insignificant depth of pullback. Price has printed a bearish CHoCH which confirms internal structure, however, I will continue to monitor depth of pullback. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,547.330. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold as a safe haven asset.Even as the US dollar strengthened and Treasury yields rose, gold hit a new record high. The precious metal’s rise reflects a fundamental shift in global reserve management strategies. Foreign central banks now hold a larger share of gold than US Treasuries in their international reserves for the first time since 1996, according to Crescat Capital macro strategist Tavi Costa. Another key driver of gold’s rally has been shifting policy expectations from the US Federal Reserve. Market participants are increasingly confident that the central bank will deliver a 25 basis point interest rate cut this month, with current prices reflecting a 91.7% probability of such a move. That’s up from 86.4% just a day earlier and 87.8% a week ago.
OANDA:XAUUSDShort
by FalCol_TradingMaster
1
Gold Analysis – ATH Again, But Correction Ahead?1. Yesterday’s Move Yesterday, after a small intraday correction to the 3470 zone, Gold quickly reversed and pushed higher, printing a new all-time high near 3550. The bullish trend remains intact, but the latest surge looks overextended. 2. Key Question Has Gold finished its run for now, or will we see another immediate push higher without a deeper correction? 3. Why a Correction is Probable • The recent move is stretched, with limited room for risk-reward on the long side at these highs. • 3470 stands out as a confluence support, and markets often retest such levels before continuation. • Chasing longs at ATHs leaves traders vulnerable to sharp pullbacks. 4. Trading Plan The best setup is to wait for price to retrace into 3470 and look for buying opportunities in that zone, aiming to rejoin the broader uptrend. Selling here is very risky – high probability of upside spikes could easily hit stop losses before any meaningful retracement.
OANDA:XAUUSD
by Mihai_Iacob
9
3500 is the key, go long when it retracements and stabilizes#XAUUSD Before the release of NFP data, gold prices continued to rise on the daily chart and remained stable near the upper limit at the morning opening. 🐂The current market is in an extreme situation. Before there is a clear direction, we always maintain a cautious attitude towards buying. Currently, it is near a historical high and the market is bullish. Once you chase high prices easily, it will be more dangerous and you will easily suffer losses.📊 Judging from the 4H chart, since gold rose to 3500, this point has changed from resistance to support.🥅 No matter whether gold continues to rise or fall, it must touch this point to establish a clearer short-term direction. Therefore, we will definitely not participate in the current trading around 3535.⚠️ If we want to participate in the short term, I suggest referring to 3525-3500 and wait for it to stabilize before taking long orders with a small position in batches. Otherwise, there will definitely be risks. The short-term target can be seen at 3550-3560.📈
OANDA:XAUUSDLong
by TP-Halson
Gold (XAU/USD) 3 September, 20251. Macro Outlook (Daily) Gold continues to maintain a bullish macro structure, with consecutive higher highs (HH) and higher lows (HL) defining the trend. The most recent Break of Structure (BOS) above the $3500 handle confirms sustained upward momentum. Liquidity remains positioned above $3560 – $3575, where equal highs and untested buy-side liquidity are waiting to be taken. The daily bias is therefore firmly bullish unless $3490 is broken, in which case deeper retracements may emerge. 2. Swing Structure (4H) On the 4H chart, gold is respecting bullish order flow: Liquidity below $3515 – $3505 remains vulnerable for inducement sweeps. A fresh Fair Value Gap (FVG) $3518 – $3508 is unmitigated. A bullish Order Block (OB) $3512 – $3500 serves as structural demand. Together, these form a discount zone in alignment with the daily bias, offering high-probability continuation setups. 3. Execution Refinement (1H) The 1H chart sharpens execution: OTE retracement cluster $3520 – $3510 aligns with the 61.8–78.6% retracement of the last impulse. Asia low at $3528 has been swept, providing inducement for London and NY session continuation. Anchored VWAP from the weekly open sits at $3518, reinforcing institutional demand. This confluence tightens the execution-ready buy zone for today. 4. Execution-Ready Zones 🔵 Primary Buy Zone (Golden Zone) Entry: $3520 – $3510 Stop Loss: $3495 Rationale: Supported by daily bullish bias, fresh 4H OB, 4H FVG, 1H OTE, liquidity sweep, VWAP alignment, round number support, and resting liquidity. Bias: High-probability long setup, >8 institutional confluences. 🔵 Secondary Buy Zone Entry: $3505 – $3495 Stop Loss: $3480 Rationale: Deep discount, OB extreme, and structural inducement. Bias: Backup long zone if deeper retracement occurs. 🔴 Primary Sell Zone Entry: $3560 – $3575 Stop Loss: $3585 Rationale: Liquidity grab above equal highs, premium array, and supply confluence. Bias: Countertrend fade, scalp only. 🔴 Secondary Sell Zone Entry: $3595 – $3610 Stop Loss: $3625 Rationale: Weekly high liquidity, premium overextension, and 161.8% extension cluster. Bias: Opportunistic fade; not suitable for swing shorts. 5. Risk Management & Profit-Taking Strategy Instead of rigid pip targets, traders should adopt liquidity-based scaling: Partial exits at session highs/lows (Asia, London, NY). Major targets at daily/weekly liquidity pools (equal highs, equal lows, imbalance fills). Leave runners open toward higher-timeframe liquidity magnets — notably $3800. This approach ensures alignment with institutional order flow while capturing both intraday and swing opportunities. 🌟 Golden Zone of the Day $3520 – $3510 (Buy Zone) Backed by 8+ institutional confluences across Daily, 4H, and 1H. Provides the highest-probability entry point for continuation of the prevailing bullish trend. 6. Strategic Conclusion Gold’s current price action confirms institutional bullish order flow. Demand zones in the $3520 – $3510 region represent the most compelling setup for today, offering clean alignment across Daily, 4H, and 1H. Countertrend shorts remain viable only at liquidity clusters near $3560 – $3575 and $3595 – $3610, but should be managed conservatively given the macro bullish context. Professional traders should prioritize long exposure, scaling out at liquidity levels while leaving runners toward untested buy-side objectives higher up the curve. 📌 Institutional Note: Unless the $3490 level is breached, the path of least resistance remains higher, with liquidity objectives above $3560 – $3575 as the next upside magnet.
OANDA:XAUUSD
by Tami512
Gold Under Pressure Time To Short XAUUSD?Gold (XAUUSD) is currently trading around 3533, and bearish momentum is gaining strength as sellers dominate the market. Price action indicates a strong rejection from the recent highs, signaling potential continuation to the downside. The next major target is 3450, and if selling pressure remains strong, we could see further dips toward deeper support zones. Keep an eye on key levels and trend confirmations before entering positions. Maintain strict risk management and adjust positions according to volatility. A break below current support could open the way for extended bearish movement, making this a crucial opportunity for short traders."
OANDA:XAUUSDShort
by SadarExplore
25
Elliott Wave Analysis XAUUSD – 03/09/2025 Momentum • D1: Momentum is still overlapping. As mentioned in the previous plan, with 6 consecutive daily candles in this condition, a reversal may occur today or tomorrow. • H4: Momentum is preparing to turn bearish. If a confirming candle closes, we may see a downward move on H4. • H1: Momentum is also turning bearish but right above the oversold zone. This suggests the correction on H1 may be near completion, followed by another upward move. ________________________________________ Wave Structure • D1: Price is still in an uptrend, possibly wave 1 of wave 5 or the final larger wave 5. Current wave targets are 3602 or 3667. This aligns with momentum on D1, which has been overlapping for 6 candles, signaling that in 1–2 more candles a reversal is likely. • H4: A 5-wave purple structure is forming – the dominant structure of the current rally. Price is currently running in wave iii (purple). o Inside wave iii purple, a 5-wave green structure has already formed and is nearing its final stage. o Wave iii and iv green appear completed, and price is now in wave v green, which has broken the previous high of wave iii green, confirming its development. • H1: o The first target of wave v green was hit at 3542. The second target remains at 3585. o Within wave v green, a 5-wave black sub-structure is visible. o The Asian session opened with a breakout above the previous high, implying 2 scenarios: 1. Wave 5 black has completed after reaching the first target (3542). 2. Or it is forming a wave 4 black flat, holding above 3525 before heading to 3570–3585. If price drops below 3525, it means wave 5 black has completed. Then, wave iv purple will target the zones 3498 and 3469 – areas to look for the next buy opportunity. ________________________________________ Trading Plan • Buy Zone 1: 3500 – 3498 o SL: 3400 o TP1: 3524 • Buy Zone 2: 3471 – 3469 o SL: 3459 o TP1: 3500
OANDA:XAUUSDLong
by WavePoint_FX
Quarterly Shit Analysis - Sept - Dec 2025 - XAUUSDMy last three quarterly analysis proved correct. In the last analysis, I predicted that gold will move within a range, it did happen. For the new quarter, here is my new analysis. Between 14 Aug 2025 to 01 Sept 2025, I expect the following: 1- Scenario 1: Bullish Trend Since May 2025, #XAUUSD has created good bullish indications on the Daily and Weekly Charts. Therefore, it could start a new trend. Conditions: Gold must close a strong bullish daily candle above 3452 first , then another strong daily bullish candle above 3500. The closure of a strong daily candle above 3452 should happen between 14 Aug to 01 Sept. The closure of the daily candle above 3500 is fine to happen after September 1st. Targets: If the conditions above are met, Gold will start a new bullish trend. The targets will be: 3668, 3750, 3840 and 4,000 or 4043. If Gold closes a strong daily candle above 3500, the ideal support lines to buy gold will be 3451, 3400, 3364, 3330 and 3300. The best support line, if Gold makes deep retracements will be 3228 and 3162. 2- Scenario 2: Expanded Range (Likely Scenario) The range for the previous quarterly analysis was from 2956.5 to 3500, but for most of the past months since May 1st, Gold has been moving between 3262 to 3452. It is possible that Gold remains in the wider range (2956.5 to 3500), but makes wider moves. This scenario is possible because gold already reached a historic high in April and then entered a wide range, therefore it is possible to remain in the same range for the rest of the year. This means gold could make deeper retracements into 3228, 3168, 3092, and 3024 and then go up towards, 3330, 3364 and 3452. When it reaches 3300, 3364 and 3452, then it starts new bearish moves again. Conditions: Gold fails to close daily bullish candles above 3500 and fails to close daily bearish candles below 2956.5. The ideal condition is if gold closes a strong daily bearish candle below 3228 or 3162 between 14 Aug to 01 Sept 2025. 3- Scenario 3: Bearish Move (Unlikely Scenario): If Gold closes a strong daily candle below 2956, then it will start a surprising bearish trend and will move towards: 2812, 2640 and 2550. This is not a likely scenario.
PEPPERSTONE:XAUUSD
by DastanKarim
Gold Explodes Higher ( ATH ) – Is Another All-Time High Coming? Gold (XAUUSD) continues to show relentless strength as the DXY weakens and markets price in the likelihood of a FED rate cut. With investors fleeing cash and rushing into safe havens, gold remains the natural choice – and momentum suggests we could see new highs forming day after day until year-end if USD comes under further pressure. 🔎 Macro Outlook FED rate cuts are increasingly expected → bearish USD, bullish Gold. Geopolitical tensions fuel demand for safe-haven assets. Liquidity keeps favoring the upside – no strong reason for profit-taking yet. 📊 Technical Outlook (H1 / H4) Gold has been forming sideway accumulation zones with heavy volume, followed by strong breakouts. This structure shows that buyers are still in full control. Support Zones (Buy Zones): 3,482 – 3,480 SL: 3,474 Targets: 3,486 – 3,490 – 3,495 – 3,500 – 3,505 – 3,510 – 3,520 – 3,530 – 3,540 – ??? Resistance Zones (Sell Zones): 3,540 – 3,542 SL: 3,548 Targets: 3,530 – 3,520 – 3,510 – 3,500 – ??? As long as price respects accumulation structures, the bias remains strongly bullish. Only a clear sentiment shift or exhaustion at higher FIBO extensions would justify mid-term selling. ⚠️ Key Reminder These days, volatility is extremely high. Expect sudden liquidity sweeps and spikes. Stick to your TP/SL discipline to protect capital – the market is punishing anyone careless. 💡 Conclusion: The path of least resistance for Gold remains up. The safest strategy is Buy-the-Dip while respecting risk management. ✅ If you found this analysis useful, don’t forget to like 👍 and follow MMFLOW TRADING to stay updated with the next Gold setups.
OANDA:XAUUSDLong
by MMFlowTrading
1
GOLD UPDATE VIEW – XAUUSD Eyes 3540 as Bullish Momentum Builds As highlighted in this morning’s analysis, Gold continues to show impressive strength while the USD weakens on expectations that the FED will cut rates soon. This is driving capital away from cash and back into Gold as a safe-haven asset. 🔎 Current Market Update After consolidating around 3480 – 3490, Gold has now broken out strongly, moving towards the buy-side liquidity zone (3509 – 3515). The overall structure remains bullish, with no clear signs of reversal yet. Market is likely to test liquidity around 3509 – 3515, and if momentum holds, the next big target sits at the 3540 resistance zone. 📊 Updated Trade Plan BUY ZONE (trend-following): 3488 – 3485 SL: 3480 TP: 3500 – 3509 – 3515 – 3530 – 3540 SELL ZONE (high risk): 3540 – 3543 SL: 3550 TP: 3530 – 3520 – 3510 👉 Current market conditions favour buying pullbacks in line with the trend. Consider shorting only if there is strong confirmation around 3540. ⚠️ Risk Note Volatility remains very high, with sudden liquidity grabs possible. Always stick to TP/SL levels to protect your account. 💡 Summary: Gold’s bullish momentum remains intact. As long as the FED outlook supports rate cuts and USD stays weak, Gold is likely to keep climbing, with 3540 as the key upside target. ✅ Follow MMFLOW TRADING for daily market insights and updated trade plans on Gold.
OANDA:XAUUSDLong
by MMFlowTrading
1
Gold Price Surges to $3,533: What’s Next?Gold (XAU/USD) has recently shown a strong bullish momentum on the TradingView 4-hour chart, climbing to $3,533.92. This move has caught the attention of traders worldwide as the precious metal approaches a key resistance level. In this article, we will analyze the current gold price action using technical indicators, discuss possible market scenarios, and share insights for traders. Current Gold Price Overview Current Price: $3,533.92 Resistance Level: $3,534 Support Level: $3,438 Timeframe: 4H Chart Gold has surged over $191 (+5.7%) from recent lows, reflecting strong bullish momentum driven by global market uncertainty and increasing demand for safe-haven assets. Trend Analysis The chart shows a strong uptrend, with the price trading above the moving average and forming higher highs and higher lows. The Zig Zag indicator (5,10) highlights the continuation of the bullish pattern. RSI Indicator The Relative Strength Index (RSI) is currently near the 70 level, indicating overbought conditions. This suggests a possible short-term correction or consolidation before the next bullish move. Volume Analysis Volume has increased significantly during this breakout, confirming strong buying interest from traders and institutions. Key Levels to Watch Immediate Resistance: $3,534 – If broken, gold may target $3,600 and then $3,700. Immediate Support: $3,438 – If price drops below this, a correction toward $3,350 is possible. Trading Strategy for XAU/USD 1. For Buyers (Bullish Traders): Wait for a confirmed breakout above $3,534 with strong volume before entering. Target $3,600 and $3,700 in the medium term. 2. For Sellers (Bearish Traders): Look for RSI overbought signals and bearish candlestick patterns near resistance for short-term pullback trades. Targets: $3,438 and $3,350. Why Use TradingView for Gold Analysis? TradingView is one of the best charting platforms for analyzing gold and other assets because it offers: Advanced technical indicators like RSI, Zig Zag, and Moving Averages. Real-time price updates for XAU/USD and other forex pairs. Interactive charts for better trade planning. Conclusion Gold is currently in a strong bullish trend, but traders should watch for resistance at $3,534 and monitor RSI levels for possible pullbacks. TradingView tools make it easier to analyze such setups and stay ahead in the market.
FXOPEN:XAUUSDShort
by forexinworld