Waiting for the Break: 3375 or 3320 Will Decide the Next 1k Pips📉 Quick recap:
As you know, I've been bullish on Gold. However, as explained in yesterday’s analysis, I started to approach this view with more caution. Unfortunately, I closed my long position at break even… before the rally to the 3375 resistance. That’s trading.
📌 What now?
Despite missing that move, the market is beginning to offer more clarity. There are now two key levels that will likely define the next major swing:
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🔹 1. Resistance at 3375 – Top of the Range / Triangle Breakout Zone
• This level marks the upper boundary of the recent range
• It’s also the resistance of a developing ascending triangle
• A clean breakout above 3375 would confirm the pattern and could trigger a strong upside acceleration
• Target: 3450 zone, with potential for more if momentum kicks in (approx. 1000 pips higher)
➡️ This is the obvious bullish scenario – in line with the broader trend and classical technical setup.
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🔻 2. Support at 3320 – The Less Obvious, but Classic Gold
• 3320 is now a confluence support area
• Technically, a break below here is less probable – but Gold has a habit of doing the unexpected
• If 3320 breaks, bears could look for a first leg to 3280 (approx. 400 pips), and very probably 3250 (around 700 pips drop)
➡️ This bearish scenario is not the base case, but it must not be ignored. Sometimes the trap is in the obvious.
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🧭 Trading Plan:
For now, I’m out of the market, patiently waiting for confirmation. I’ll trade the breakout – whichever side gives the signal first.
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📌 Conclusion:
Gold is coiling for a larger move. The levels are clear: 3375 and 3320 are the doors. One of them will open. Until then, we wait and prepare. 🚀
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.
Xauusdupdates
Gold Rejected Post-CPI – Bearish Momentum Building Below $3,365Gold is currently trading near $3,338, continuing to show signs of rejection after testing the key $3,365–$3,392 resistance zone. The market has reacted to the July 15 U.S. CPI release, and despite initial volatility, gold failed to break above its major diagonal trendline, forming a lower high, a strong technical sign of weakening bullish momentum.
If price breaks below $3,330, it could trigger a wave of selling pressure down to $3,303 and $3,248 in the coming days. Traders should monitor price behavior around these zones for short-term entry opportunities.
📌 Technical Breakdown
Resistance Zone:
- $3,365–$3,392 remains the critical ceiling where gold got rejected for the third time in recent sessions.
- This zone aligns with the top of the descending wedge, long-term black trendline.
Bearish Structure Forming:
- After multiple attempts, gold could not sustain above the resistance.
- A series of lower highs and a weakening bullish push suggest a bearish continuation is likely.
Support Levels to Watch:
- Immediate: $3,337
- Mid: $3,320
- Strong: $3,303 (0.382 Fib) and $3,293
- Final Target: $3,248 → $3,220 → $3,193
🔺 Bullish Invalidation Scenario
If gold manages a clean breakout and close above $3,392, this bearish setup will be invalidated. In that case, upside targets would include:
- $3,412
- $3,434
- $3,490 (macro trendline)
But at the moment, that seems unlikely unless driven by unexpected fundamentals.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold market price trend analysis and operation strategyGold trend analysis:
Gold reached a high of 3366 yesterday, a low of 3320, and closed at around 3325. From the daily chart, the performance of the daily cycle is high and closed negative, and it may not be able to go out of the big rise in the short term. Gold will fall into range fluctuations. The rise of gold in this cycle has not actually been completed. At least it needs to go to the high point of 3400, and then look at the adjustment space within the week, but don’t look too much at the strength of the rise. The general trend is bullish, and we must also beware of the adjustment space that may fall back at any time. Gold tried 3375 several times yesterday and failed to break through, and then fell back for adjustment, indicating that the pressure on 3375 is obvious, that is, gold needs to fall back and correct in the short term. At this time, we are cautious about chasing more and continue to buy more after falling back.
From the 4-hour chart, gold rose and fell yesterday, and the bearish trend did not continue. Gold entered a period of adjustment. From the current K-line, the downward momentum of gold is slowing down, and it tends to rebound in the short term. In the 4-hour chart, the lower track support of the Bollinger Band is near 3320, and the position of the middle track of the Bollinger Band is near 3345, which will form a short-term resistance. From the 1-hour chart, after yesterday's drop to 3320, it was strongly supported again and pulled up to above 3330. The support below is still strong. If the European session rises and breaks through 3350 today, the US session may go to the resistance of 3365-3375. Before breaking through 3350, the current market can only be regarded as a bottom adjustment and correction. Today, we will first focus on the rebound strength. If the upward momentum weakens, pay attention to the support of 3310-3300 below, and wait for the decline to be mainly low-multiple. In the short term, we will first focus on the breakthrough of the shock range. The intraday idea is to fall back to low-multiple. FX:XAUUSD ACTIVTRADES:GOLD OANDA:XAUUSD TVC:GOLD EIGHTCAP:XAUUSD ACTIVTRADES:GOLD
Expectations On GoldPEPPERSTONE:XAUUSD Looking at the daily Range, The market has reached the equilibrium level, is that a sign to go short? no, we could still see a drive to the upper side, but ultimately, the relative equal lows which are close to 3,245.00 big figure should likely be the draw.
I would love to see a drive below the 3,282.00 mark for perfect show to prove the obvious move below the 3,245.00, or seeing a consecutive break below each previous days low would also confirm the directive.
Seeing higher prices would of course negate this analysis, seeing a run into the 3,375.00 big figure yesterday makes me skeptical as this has also left some area of relatively equal highs, so I would give in to the idea of higher prices at least to that level to see what would like occur, but I strongly doubt that this would be the scenerio.
Generally, I am bearish on Gold till I see a run below that 3,245.00 big figure or prices closer to that level.
Gold rebounded and shorted in the New York market.Trump's recent remarks about "possibly firing Fed Chairman Powell" triggered risk aversion in the market, and gold once surged to $3,377, but then Trump denied the plan and gold prices fell back to fluctuate in the 3,340-3,350 range; the U.S. PPI in June was flat month-on-month, lower than expected, easing market concerns about the Fed's immediate tightening of policy, but long-term inflation expectations still support gold; Israel's air strikes on Syria have exacerbated tensions in the Middle East, and safe-haven demand has boosted gold; Trump threatens to impose tariffs on the EU, and global trade uncertainty still supports gold's safe-haven properties; gold fluctuated and fell today. After yesterday's big rise, gold gradually fell today. Today, gold fluctuated weakly, and the 4-hour moving average crossed downward. The gold price gradually moved toward the lower Bollinger band, and the Bollinger band opened downward. The trend is more bearish. In terms of operation, we recommend that gold rebound and go short. FOREXCOM:XAUUSD ACTIVTRADES:GOLD FXOPEN:XAUUSD ACTIVTRADES:GOLD VANTAGE:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD
Gold Trading Idea: Short Opportunity on 15-Min Descending ChanneHello TradingView Community,
Following up on my Gold analysis from Monday, the price action has respected the levels I outlined (check my previous posts for the breakdown), delivering solid trade opportunities except yesterday's news-driven volatility. Today, we're eyeing a short setup on Gold based on the 15-minute timeframe.
Technical Analysis:
Gold is moving within a descending channel on the 15-min chart.
I've identified equal highs and a small FVG (Fair Value Gap) aligning with the 61.8% Fibonacci retracement of the channel's range.
This confluence zone is where I expect the price to react, potentially clearing liquidity above the channel before reversing.
Trade Plan:
Entry: Wait for the price to reach the confluence zone (equal highs + 61.8% Fib + FVG) and show a clear reaction (e.g., rejection or reversal pattern) before entering a short position.
Take Profit: Targeting 3310 level.
Risk Management: If the price fails to reach the zone and breaks lower, I'll stay out to avoid chasing trades. Patience is key here.
Stay disciplined, traders! Let the price come to our zone, and always manage your risk.
Follow for more setups, like this post if you found it helpful, and drop your thoughts in the comments below! Let’s discuss!
#Gold #XAUUSD #ShortSetup #TechnicalAnalysis
Continue to go long after bottoming outYesterday, the Trump and Powell incident caused gold to rise strongly to around 3377. The rise in gold was only short-lived. In the end, gold closed positively on the daily line, but it closed with a super long upper shadow line. In the end, the gold price quickly rose and broke through the 3377 mark, but fell back under pressure and closed in a volatile market. The daily K-line closed high and fell back in a volatile market. Although the overall gold price repeatedly fluctuated and washed out under the stimulation of news, it ultimately failed to break through the recent large box oscillation range. Today we continue to pay attention to the support line of 3318-25 below, and we will continue to go long if it falls back!
From the 4-hour analysis, the short-term support below continues to focus on around 3318-25, the short-term suppression above focuses on the 3340-45 line, and the key pressure above focuses on the 3380 line. Relying on this range as a whole, the main tone of high-altitude and low-multiple cycles remains unchanged. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAU/USD Chart Analysis: Volatility at a Yearly LowXAU/USD Chart Analysis: Volatility at a Yearly Low
The daily chart of XAU/USD shows that the Average Directional Index (ADX) has reached its lowest level since the beginning of 2025, indicating a significant decline in gold price volatility.
Yesterday’s release of the US Producer Price Index (PPI) initially triggered a sharp spike in gold prices, but the gains were short-lived, with the price quickly reverting to previous levels. This price action aligns with a broader market narrative of equilibrium—where supply and demand are in relative balance, and the market appears to be efficiently pricing in key influencing factors, including geopolitical tensions and tariff-related developments.
However, this fragile balance may soon be disrupted.
Technical Analysis of XAU/USD
From a broader technical perspective, gold remains within a long-term ascending channel (highlighted in blue) in 2025. Key observations include:
→ Attempts to rebound from the lower boundary of the channel (marked with arrows) lack conviction. Bulls are not capitalising on these opportunities to reignite the uptrend, suggesting a potential exhaustion of buying interest.
→ A trendline drawn across the major highs of 2025 has proven to be a strong resistance level. All recent breakout attempts have failed at this barrier.
As a result, the XAU/USD chart is showing signs of forming a large-scale triangle pattern, with its axis centred around the $3,333 level. If bulls continue to falter in extending the multi-month rally, it could encourage bears to challenge the lower boundary of the ascending channel, increasing the risk of a downside breakout.
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.
The firing of Powell set off the market, don't chase the longsTrump showed a draft of the letter to fire Powell, but whether Powell will be fired in the end remains to be seen, but the impact on the gold market is undoubtedly huge. The wolves have now smelled a very dangerous scent. Don’t chase high prices. Don’t chase high prices! ! ! After all, the impact of the news comes and goes quickly, and there is a high possibility of a reversal later in the evening. The final suppression position of the current gold daily line is 3340. If the closing line today can maintain above 3340, then gold will usher in a real bullish trend in the future.
OANDA:XAUUSD
GOLD Intraday Chart Update For 17 July 2025Hello Traders, welcome to new Trading day
Today we have some high impact news of USD, Currently market is still in tight range and we still need breakout of 3300 Psychological for downside clearly
For upside market must need to close above 3380-90 zone for further upwards continuation
currently we are also keep an eyes on WAR Fundamental news
Disclaimer: Forex is Risky
The latest gold trend analysis and strategic suggestionsYesterday, the price of gold showed a range of fluctuations. The long and short sides fought fiercely but failed to break through the existing range. The overall trend direction is still unclear. From a fundamental point of view, the market is still dominated by risk aversion, which makes it difficult for the price of gold to form a clear trend reversal. However, it should be noted that the main funds may take extreme suppression measures in the future to force the price of gold to fall. From the 4-hour chart, gold has been under pressure near the upper track 3377 and continued to fall. Yesterday, it broke through the middle track support and touched the lower track. The current price is temporarily supported near the lower track, but the overall trend still shows a wide range of fluctuations and has not formed an obvious trend. The short-term strength of the US dollar suppresses the upward movement of gold, but the key support and resistance levels have not been effectively broken; in terms of intraday short-term operation suggestions, the current callback near 3320-3325 can try to do ultra-short-term longs. It is recommended to stop profit and exit in the 3340-3345 range. It can be combined with the K-line pattern to short-sell, and the target is the lower track area. If the downward momentum is strong, it may fall below yesterday’s low to form a continuous decline.
Operation suggestions:
1. Go long when gold falls back to around 3320-3325, stop loss at 3312, target at 3340-3345.
Gold 30-Minute OB and Demand Zone SetupGold is now approaching a 30-Minute Order Block along with a strong demand zone 🟢. We are expecting some clean reactions from these areas.
📌 Plan:
Scenario 1:
👉 If price respects the M30 OB and Demand zone area at 3327 -3320, we can look for bullish signs like rejection wicks or bullish candles to enter buy positions 📈, targeting the upper zone M30 OB zone near 3347 🎯.
Scenario 2:
👉 If price tap the above 30 min OB near 3347 we take our sell or short side entries for a reaction from there entering short ✅.
Both scenarios are possible, so we will watch the price action closely 🧐 and only trade with confirmation!
XAU/USD 17 July 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
You will note that price has targeted weak internal high on two separate occasions forming a double top which is a bearish reversal pattern. This is in-line with HTF bearish pullback phase.
Remainder of analysis and bias remains the same as analysis dated 23 April 2025.
Price has now printed a bearish CHoCH according to my analysis yesterday.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.
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.
H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS.
The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price.
As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish.
Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to 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 3,451.375.
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:
Gold Short Term OutlookYesterday, gold staged a strong rally, pushing up toward 3,377, which was followed by a strong rejection. Price has pulled back sharply and is now testing the Pullback Zone once again.
Currently trading around 3,329, price is caught between the 50MA overhead acting as dynamic resistance and the 200MA below offering dynamic support.
For the bullish structure to regain momentum, we need to see a clean break and hold back above 3,354. This would reopen the path toward 3,383 and 3,400, with 3,416 as a higher‑timeframe target.
If buyers fail to defend the Pullback Support Zone, and price breaks decisively below 3,305, attention shifts to the Support Zone (3,289–3,267). A deeper selloff could then expose the HTF Support Zone (3,241–3,208).
📌 Key Levels to Watch
Resistance:
‣ 3,354
‣ 3,383
‣ 3,400
‣ 3,416
Support:
‣ 3,335
‣ 3,305
‣ 3,289
‣ 3,267
‣ 3,241
🔎 Fundamental Focus – High‑Impact U.S. Data Today
A packed U.S. calendar could drive volatility:
📌Core Retail Sales m/m and Retail Sales m/m
📌Unemployment Claims
📌Philly Fed Manufacturing Index
These red‑folder releases can create sharp intraday swings.
Additionally, multiple FOMC member speeches later in the session could add headline‑driven moves.