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XAU/USD – Short-Term Pullback ExpectedXAU/USD – Short-Term Pullback Expected Before Testing Major Supply Zones Gold (XAU/USD) continues to trade within a corrective structure after rejecting lower liquidity near 4,040. The recent price behavior on the H1 timeframe suggests a potential bullish retracement leg before sellers attempt to regain control. The chart shows a sequence of impulsive bearish moves followed by corrective bullish legs, indicating that overall market sentiment is still dominated by the downside, but with room for recovery toward key supply areas. Key Technical Zones Resistance (Supply) 4,118 – 4,135: First corrective target; aligns with recent internal structure highs 4,200 – 4,225: Mid-term supply zone – high confluence from previous distribution 4,255 – 4,275: Major H1 supply block; strong bearish reaction previously originated here Support 4,040 – 4,050: Intraday support where buyers previously defended liquidity 3,995 – 4,010: Deeper correction zone if bearish momentum expands Technical Confluence Trendline structure: Market is shaping a corrective wave, suggesting a push toward 4,118–4,135 before selling pressure resumes. EMA20 & EMA50: Price remains below both EMAs, confirming bearish bias, but space for an upward correction remains. RSI: Neutral zone with slight bullish divergence – early signal of retracement potential. Fibonacci: 38.2% and 50% retracement of the recent selloff align near 4,130 and 4,165, strengthening resistance expectations. Trading Scenarios Scenario 1: Bullish Correction Toward 4,118–4,135 Entry: Buy on minor dips toward 4,050 – 4,060 Target: 4,118 (conservative) → 4,135 (extension) Stop Loss: Below 4,035 This strategy follows the projected upward correction path before the market meets heavy supply. Scenario 2: Sell From Key Resistance This is the higher-probability play, aligning with the broader bearish market structure. Entry: Look for bearish rejection around 4,118–4,135 Target: 4,060 → 4,045 Stop Loss: Above 4,150 A strong reaction in this zone may confirm continuation of the bearish leg. Scenario 3: Breakout Beyond 4,200 If price breaks and closes above 4,200, bullish recovery gains momentum. Reversal targets: 4,225 → 4,255 → 4,275 Market Outlook Gold remains in a broader bearish environment, but the corrective structure suggests that buyers may temporarily lift price toward the resistance band before continuation. The best opportunities appear to be fading rallies near the supply zones. If you find this analysis useful, save it and follow for more daily gold strategies and technical insights.
OANDA:XAUUSD
by Henrybillion
XAUUSD – Bearish Retracement Into Supply Zones With Potential Sh1. Overall Context The market recently had a strong bearish leg after rejecting the upper resistance zone (labelled HIGH PROB POI). Price is currently retracing upward into a series of supply zones, indicating a potential area for continuation shorts. 2. Key Zones High Probability POI (Supply) This is the upper beige zone. Previously caused a strong sell-off → confirms strong institutional presence. If price pushes this high again, it may offer the most reliable reversal area. Extreme POI The central horizontal zone marked “EXTREME POI”. Current price is tapping into it. Market may react here if sellers decide to re-enter early. 3. Internal Structure A series of labeled SSS (Sell-Side Sweeps) indicate liquidity grabs beneath short-term lows. After sweeping these lows, price retraced upwards, likely moving toward premium territory to fill sell orders. The 80% level marked on the chart seems to be your optimal entry zone within the inefficiency/imbalance. 4. Entry Idea Your marked entry level 4080 sits inside the grey supply block. This aligns with: Prior breakdown zones Fresh supply Retracement to premium pricing Liquidity sweep structure This creates a high-probability short setup, assuming the trend continues downward. 5. Expectation
OANDA:XAUUSDShort
by DrForexPhd
Analysis Update and Gold Entry Points Hi Traders Update on the one-hour gold chart (the analysis link is below) As expected and the chart path, three legs of the analysis have been completed so far, and exactly to the chart areas, the reaction is first an upward move from support and then a very good reaction from resistance, 4124. To continue the path and complete the fourth leg, we have a one-hour candlestick bet, which, if it stabilizes below this number, will give a pullback to the two levels of 4055 and 4068, a sell position and continue the path to the seller's target, which is 3980. I hope you have used this detailed analysis. Analysis chart link:
FOREXCOM:XAUUSD
by kinshinreza
XAUUSD FOLLOW UP ANALYSISAs things progress with XAUUSD, From the analysis , you can see the trendline liquidity on that area, with price movement failing to make a high, we get confirmation that our ChOCh is valid, we now look forward to sells to break and take that liquidity and in relation to our ChOch , lm expecting price to push further down to reach levels around our ChoCh , which is to be TP 1.... If all goes as anticipated, we can expect price to keep pushing down to form a series of Higher Low and Lower Low DISCLAIMER : This is not to be considered as investment advice, This is post is for educational purposes, the markets are volatile and can move in the opposite direction
OANDA:XAUUSDShort
by MR_E_FOREX
Cockeyed H&S Pattern On Gold/USDFellow traders and followers! Lookie here! We have a cockeyed drunkin leaning H&S pattern on the 4hr Gold/USD. What we gonna do? We short it at a break below the break line of 4054.65. If you want to play it on the conservative side you can wait for the break of the neck support line. Measured target - 3900.10 area. No surprise right? Haha! We sit and we wait to have price action prove to us that this pattern will play out as outlined. See you at the starting line my trader friends :) $
OANDA:XAUUSDShort
by Trade-Farmer
Gold (XAU/USD) 2H Chart Analysis – Sell Setup from High ProbabilBased on the chart you provided, Gold is currently reacting near a High Probability POI (supply zone) after a corrective bullish move. The structure still shows: Lower highs and lower lows → Bearish market structure Price is approaching a supply zone where sellers previously dominated Liquidity has been taken above internal highs (marked as "$$$"), indicating a liquidity grab This supports a short position idea from the supply zone. 🔍 Key Technical Levels Zone / Level Meaning 4,125 – 4,150 USD High Probability POI / Supply (Sell area) 4,080 – 4,100 USD Entry region (price is currently here) 4,040 – 4,025 USD First reaction / partial take zone (50% area) 3,990 – 4,000 USD Main Target (previous demand + equal lows) 🎯 Suggested Target Primary Target: $4,000 (Exactly aligning with your chart’s marked “TARGET” zone where liquidity sits) If momentum continues and structure breaks more aggressively: Extended Target: $3,975 – $3,960 (deeper sweep into demand) 🛑 Risk Management Detail Level Stop Loss Above 4,155 USD (beyond POI + liquidity) R:R Potential Approx. 1:3 to 1:4 📌 Summary Price has retraced into a key supply zone Liquidity was taken → seller confirmation likely Expectation is continuation downward towards the liquidity pool below 📊 Title Recommendation: “Gold Retests Supply Zone – Bearish Continuation Toward $4,000 Expected”
OANDA:XAUUSDShort
by Pipshunter27
Continue shorting gold in the 4085-4105 range!This week's gold price movement largely aligned with my trading strategy. Starting Monday, I shorted gold, targeting a low of $4000. After breaking below $4000, gold rebounded, recovering its losses on the back of initial jobless claims data and rising back above $4100. It then encountered resistance near $4130 and fell back. This price action was consistent with my initial view that shorting gold in the $4125-$4135 range was highly effective, with the market falling by tens of dollars. www.tradingview.com The gold market is currently closed. Shorting gold can continue after the market reopens. Due to the decline in gold prices and the shift in the center of gravity, the entry price will also shift downwards. I plan to short gold in batches in the 4085-4105 range. Technically, the downtrend is currently dominant, and this area is relatively safe. The above represents only my personal thoughts. If you find it helpful, please like and follow to show your support! Please note that any strategy is time-sensitive, and strategies will change as market conditions evolve. I will notify you in the channel based on the actual market situation!
TVC:GOLDShort
by Market_Trading_Guide
Gold HTF analysis-currently we are seeing the Fed is leaning less dovish to Hawkish, considering Rate Holds since inflation is still elevated. Now if this is the case and the Fed continues this narrative in to December, then we could expect. >DXY Bulls >Gold Bears >Stock market bears >BTC bears. - now inorder to do so, we could see price retest higher supply zones to generate liquidity before continuing to the downside. now. We musnt forget that overall the Fed is on a Rate cutting Cycle and this is merely just a pause, as a result, we could expect Gold, Stock markets & cypto to restest better demand zones before rising agian overall.
OANDA:XAUUSD
by Jawad_Khalili1
GOLD UNDER PRESSURE - NFP DAY! 💰 GOLD UNDER PRESSURE - NFP DAY! ⚠️ Current Price: $4,066 - $4,078 🔴 Opening Price: $4,078 Today's Range: $4,042 - $4,110 Yesterday: Trimmed gains after hitting $4,132 Monthly Performance: -4.29% ❌ Status: 🔴 BEARISH - CRITICAL NFP DAY 🚨 TODAY - SEPTEMBER NFP REPORT! 📊 THE MOST IMPORTANT DATA RELEASE! First jobs report since government shutdown. This will move gold MASSIVELY! What's Happening: ❗ September NFP Today - First post-shutdown jobs data (8:30 AM ET) ❗ FOMC Minutes Yesterday - No major surprises, cautious tone ❗ Gold Trimming Gains - Fell from $4,132 to $4,066 ❗ Dollar Strengthening - DXY above 99.50, pressuring gold ❗ December Rate Cut Odds - Dropped to 46.6% (from 62.9% last week) ❗ Risk-Off Mood - But not helping gold due to strong USD 📊 NFP EXPECTATIONS & IMPACT Forecast: Nonfarm Payrolls: +50,000 (vs +22,000 in August) Unemployment Rate: 4.3% (unchanged) Average Hourly Earnings: Key inflation indicator How NFP Affects Gold: Strong NFP (>50K) = GOLD DOWN 🔴 Fed less likely to cut rates Dollar strengthens Gold typically drops 30-50+ pips Weak NFP (<50K) = GOLD UP 🟢 Fed more likely to cut rates Dollar weakens Gold typically rallies 40-60+ pips In-Line NFP (~50K) = CHOPPY ⚪ Mixed reaction Depends on other components (wages, unemployment) 📊 TECHNICAL ANALYSIS Market Structure: BEARISH 🔴🔴 Gold failed to break above $4,112 resistance yesterday despite FOMC. Now trading below key support. Bears have control short-term. Key Development: Gold trimmed earlier gains, trading around $4,090, easing from intraday high near $4,132. Bulls tested $4,112 resistance but failed. Critical Support Levels (Under Attack!) 🔵 Support 1: $4,065 - $4,075 (Current fight zone) Support 2: $4,042 - $4,050 (Today's low - Critical) Support 3: $4,000 - $4,005 (Psychological - Major) Support 4: $3,987 - $4,002 (November open) Support 5: $3,965 (November 6 low) Key Resistance Levels (Recovery barriers) 🔴 Resistance 1: $4,090 - $4,100 (Immediate ceiling) Resistance 2: $4,112 - $4,120 (20-day SMA - Strong) Resistance 3: $4,140 - $4,150 (Major barrier) Resistance 4: $4,170 - $4,212 (Last week's range) 📈 TECHNICAL INDICATORS RSI (14): 46 (Bearish - Neutral zone but trending down) 📉 RSI (4H): 46 (Neutral-to-bearish tone) MACD: Momentum indicator turned lower below midline ❌ Moving Averages: Price below 20-SMA ($4,080) 🔴 20-SMA acting as resistance ❌ 100-SMA and 200-SMA still below (long-term bullish) ✅ Pattern: Broader SMA configuration points to consolidative bias Volume: Above average - Institutional positioning for NFP 🎯 TODAY'S TRADING STRATEGIES SCENARIO 1: WEAK NFP 🟢 (40% Probability) IF NFP < 50K (Weaker than expected): Fed rate cut odds increase → Dollar falls → Gold RALLIES! LONG Setup: Entry: Immediate spike after NFP (within 5 min) Targets: TP1: $4,100 📍 (+30 pips) TP2: $4,120 📍 (+50 pips) TP3: $4,150 📍 (+80 pips) Stop Loss: $4,040 (Tight - move to breakeven fast!) Risk/Reward: 1:2+ ratio ✅ SCENARIO 2: STRONG NFP 🔴 (45% Probability) IF NFP > 50K (Stronger than expected): Fed stays hawkish → Dollar strengthens → Gold DROPS! SHORT Setup: Entry: Immediate drop after NFP Targets: TP1: $4,042 📍 (-25 pips) TP2: $4,000 📍 (-65 pips) TP3: $3,987 📍 (-80 pips) Stop Loss: $4,095 ⚠️ WARNING: Fast-moving market - use tight stops! SCENARIO 3: IN-LINE NFP ⚪ (15% Probability) IF NFP ~50K (As expected): Strategy: WAIT for Clear Direction First 15-30 min will be CHOPPY Look at other components (wages, unemployment) Trade the SECOND move after dust settles Direction depends on market interpretation 💎 NFP TRADING PLAN (Step-by-Step) BEFORE NFP (Now until 8:30 AM ET): ✅ Close ALL positions or set VERY wide stops ✅ Reduce position size to 50% of normal ✅ Set alerts at $4,100 and $4,040 ✅ Be ready - Have orders prepared but NOT placed ✅ Stay calm - Don't panic trade! DURING NFP (8:30-8:35 AM ET): ⏰ Read the number - Higher or lower than 50K? 👀 Watch initial reaction - Which way is it moving? ⚠️ Wait 2-3 minutes - Let fake moves clear 🎯 Confirm direction - Is it continuing or reversing? AFTER NFP (8:35+ AM ET): ✅ Enter ONLY if direction is clear ✅ Use smaller positions - Volatility extreme! ✅ Move SL to breakeven after +20 pips ✅ Take partial profits at each target ✅ Trail your stop - Protect profits! 🌍 FUNDAMENTAL ANALYSIS YESTERDAY'S FOMC MINUTES: Cautious tone but no major surprises Focused on data-dependent approach Concerns about post-shutdown economic weakness No clear signal on December cut Market Reaction: Muted - Gold initially spiked to $4,132 then fell back TODAY'S NFP - WHAT MATTERS: Most Important: Headline NFP Number (+50K expected) Unemployment Rate (4.3% expected) Average Hourly Earnings (inflation signal) Why This NFP is Special: First data since 43-day shutdown May show shutdown impact on economy Will heavily influence December Fed decision Could reset market expectations entirely BULLISH FACTORS ⬆️ ✅ Weak Jobs Data Expected - Shutdown impact likely ✅ Government Concerns - Economic weakness possible ✅ Analysts still predict gold may reach $4,456-$4,509 end November ✅ Central banks targeting 750-900 tonnes purchases 2025 ✅ If NFP weak → Rate cut odds rise → Gold up BEARISH RISKS ⬇️ ⚠️ Strong Dollar - DXY above 99.50 and strengthening ⚠️ December Cut Odds Low - Only 46.6% now ⚠️ Failed $4,112 Break - Bears defending ⚠️ Technical Weakness - Below 20-SMA ⚠️ If NFP strong → Rate cut odds fall → Gold down 🔥 MARKET SENTIMENT: EXTREMELY CAUTIOUS Pre-NFP Positioning: Traders are: Closing longs ahead of NFP Waiting on sidelines Expecting big volatility USD bulls positioning for strength Analyst Views: Gold may stay pressured near $4,078 unless it reclaims $4,112-$4,140 Post-NFP Targets: Weak NFP: $4,150-$4,200 Strong NFP: $4,000-$3,965 💡 PROFESSIONAL GAME PLAN For DAY TRADERS: ⚡ DO NOT TRADE 30 MIN BEFORE NFP! Close all positions by 8:00 AM ET Wait for NFP release at 8:30 AM ET Let first 2-3 min settle Trade the confirmed direction Use TIGHT stops (20-30 pips max) Take quick profits For SWING TRADERS: 📊 Today Decides the Week! IF weak NFP → Go LONG for $4,150-$4,200 (hold 3-5 days) IF strong NFP → Stay FLAT or SHORT to $4,000 This data will set trend for rest of November For LONG-TERM INVESTORS: 💎 Patience! IF gold drops to $3,950-$4,000 after strong NFP → BUY IF gold rallies on weak NFP → Wait for next dip Long-term target still $4,500+ (2026) 📅 TODAY'S TIMELINE Pre-Market: Consolidation $4,065-$4,080 (nervous calm) 8:30 AM ET: NFP RELEASE 🔥🔥🔥 8:30-8:45 AM: EXTREME volatility (100+ pip moves possible!) 9:00 AM-12:00 PM: Direction confirmed, follow-through Afternoon: Profit-taking, position adjustments 🎬 BOTTOM LINE (TL;DR) Price: $4,066-$4,078 (Weak) Event: NFP TODAY 8:30 AM ET Bias: NEUTRAL until NFP (Then clear!) Strategy: WAIT for NFP, trade the reaction Risk Level: EXTREME (Highest this month!) 🔔 NFP CHEAT SHEET Strong NFP (>60K): Gold → $4,000-$4,042 🔴 Action: SHORT or stay flat Expected NFP (~50K): Gold → Choppy $4,050-$4,100 ⚪ Action: Wait for secondary move Weak NFP (<40K): Gold → $4,120-$4,150+ 🟢 Action: LONG aggressively Remember: First move can be fake! Wait for confirmation! 📊 TECHNICAL OUTLOOK Trend: ⚠️ BULLISH (Long-term) but BEARISH (Short-term) Momentum: WEAK - Bears in control 🔴 Support: TESTING at $4,065-$4,075 ⚠️ Resistance: STRONG at $4,090-$4,112 🚧 Pattern: Failed breakout + Rejection at 20-SMA Today's Outcome: NFP decides EVERYTHING! ⚠️ RISK MANAGEMENT - NFP DAY! ✅ TINY Positions - Risk MAX 0.5% (Extreme volatility!) ✅ WIDE Stops - 40-50+ pips (Initial spikes huge) ✅ Quick Profits - Lock gains FAST (Market can reverse) ✅ NO Predictions - REACT to data, don't guess ✅ Breakeven Fast - Move SL to BE after +20 pips ✅ Accept Losses - If wrong, exit and wait 🎯 SWING TRADE SETUP (Post-NFP) Setup A - Weak NFP Rally: Entry: $4,080-$4,090 (after weak NFP confirmed) Target 1: $4,150 (Hold 2-3 days) Target 2: $4,200 (Hold 5-7 days) Stop Loss: $4,050 Setup B - Strong NFP Drop: Entry: $4,050-$4,060 (after strong NFP confirmed) Target 1: $4,000 (Hold 1-2 days) Target 2: $3,965 (Hold 3-5 days) Stop Loss: $4,085 🏆 NFP TRADING WISDOM Historical Patterns: Initial spike often REVERSES within 15 min True direction emerges after 30-60 min Average NFP move: 60-100 pips in first hour Gold inversely correlated with NFP surprises What Professional Traders Do: Close positions before NFP Wait for initial volatility to settle Trade the SECOND move (more reliable) Use smaller size than normal Move to breakeven quickly Don't fight the trend after NFP 🔮 FORECAST If Weak NFP: Today: Rally to $4,120-$4,150 Friday: Consolidate gains Next Week: Push to $4,200+ If Strong NFP: Today: Drop to $4,000-$4,042 Friday: Test support Next Week: Range $4,000-$4,100 If In-Line NFP: Today: Chop $4,050-$4,100 Friday: Direction unclear Next Week: Wait for more data 🚨 CRITICAL NFP REMINDERS ⚠️ BIGGEST VOLATILITY DAY - Expect 100+ pip swings! ⚠️ First Move Often FAKE - Don't chase immediately ⚠️ Slippage is HUGE - Market orders dangerous ⚠️ Spreads WIDEN - Costs increase dramatically ⚠️ News Can Leak - Sometimes moves before 8:30 ⚠️ Other Components Matter - Not just headline NFP ⚠️ Revisions Count - Previous months often revised 📊 SUPPORT/RESISTANCE SUMMARY Critical Support: $4,042, $4,000 (Must hold!) Strong Support: $4,065, $4,050 Weak Resistance: $4,090, $4,100 Strong Resistance: $4,112, $4,120, $4,150 NFP Breakout Up: $4,112 (Bulls win) NFP Breakdown Down: $4,042 (Bears win) ⚠️ FINAL DISCLAIMER Today is THE most volatile and dangerous trading day this month. NFP releases cause extreme price swings, false breakouts, stop hunting, and massive slippage. This analysis is for educational purposes only. NEVER trade the first minute after NFP. Use position sizes 50% smaller than normal. Always use stop losses. Be prepared to lose on this trade - even professionals get whipsawed. The market can gap through your stops. Past NFP reactions don't guarantee future results. If you're not experienced with NFP trading, STAY FLAT today. Consult a licensed financial advisor before trading. 📱 MOST DANGEROUS DAY! 💬 NFP at 8:30 AM ET 🔔 100+ pip moves expected ⚡ DON'T GUESS - REACT! 🙏 Trade safe or don't trade! #Gold #XAUUSD #NFP #NonFarmPayrolls #ForexTrading #JobsReport #HighVolatility #RiskManagement #DayTrading #EventTrading #FOMCMinutes #MarketAnalysis #CriticalData #TradingSafety
TVC:GOLD
by AthensBySahan
XAU/USD: Gold in Downtrend, Waiting for Demand Surge⏰ Timeframe: 30m 📅 Update: 11/20/2025 🔍 Market Context After the technical rebound at the beginning of the week, gold returns to adjust within the descending channel pattern, indicating that short-term upward momentum is temporarily weakening. The current structure reflects a rebalancing state after the price was rejected at the 4,127 USD supply zone – coinciding with the 30-minute frame Supply Zone. However, the Demand Zone below still plays an important role in maintaining the medium-term upward structure. 📊 Technical Structure Supply Zone (4,127 USD): main resistance area, confluence with the nearest peak – where the price was strongly rejected during the Asian session. OB Bearish (4,106 USD): short-term supply area, highly likely to be retested after completing the adjustment phase. Demand Zone (4,013 USD): main support area in the descending channel, also the confluence point between the channel boundary and the lower liquidity zone. Liquidity Sweep: signal indicating that lower liquidity has been absorbed, opening up the possibility of forming a higher low. 🎯 Market Outlook High probability scenario: 1️⃣ Price continues to fluctuate within the descending channel, retesting the 4,013 USD Demand Zone. 2️⃣ If a clear price reaction occurs, the market is likely to break the channel, opening up a technical rebound to OB Bearish 4,106 USD or Supply Zone 4,127 USD. 3️⃣ Losing the 4,013 USD area will temporarily invalidate the rebound structure, bringing the price back to a lower balance area around 3,990 USD. 🧠 Analyst’s View Gold is in a corrective pullback phase – where the market needs to regenerate liquidity before forming a new expansion wave. A reasonable scenario is sweep – retest – expansion: sweep lower liquidity, retest the supply area, then determine the main trend for the end of the week. Buyers still have a slight advantage as long as the Demand Zone is maintained. 🛡️ Risk Note This is a phase of market liquidity accumulation, fluctuations may be erratic.
OANDA:XAUUSDLong
by Goldscale-Capital
XAUUSD correction?Gold (XAUUSD) Analysis – Correction After Multi-Day Rally Gold is currently undergoing a correction after two strong bullish days, driven by fading expectations of U.S. rate cuts. As rate-cut optimism weakens, the dollar strengthens and naturally pressures gold lower. Price has left several long wicks around the mid-channel zone, signaling rejection and suggesting a move toward the lower boundary of the ascending channel, around 4000–4015, during today’s session. If this zone holds as support, gold should remain inside its bullish channel structure, and we could see a throwback or bullish continuation tomorrow. However, if price breaks below 4000–4015, the next major support lies near 3960, where liquidity and previous demand converge.
FOREXCOM:XAUUSDShort
by Dan-Goldfx
Gold at Inflection Point: Bullish Reversal or Deeper Correction?XAUUSD is trading at 4,068.5 , sitting at a fascinating technical crossroads. After the recent pullback from all-time highs, the yellow metal is testing a critical support confluence that could determine the next major move. Let's examine what the charts are revealing. ✨ The Big Picture Gold has carved out a Falling Wedge pattern on the 1H timeframe—a classically bullish reversal structure. This compression between converging trendlines (upper resistance at 4,085 and lower support at 4,055) typically resolves with an upside breakout. We're currently bouncing off the lower boundary. The Dow Theory perspective shows the primary trend remains bullish on higher timeframes (4H/Daily), while the current pullback represents a healthy intermediate correction. The recent low at 4,042 held above the critical swing low at 4,020, maintaining the sequence of higher lows. Wyckoff Re-accumulation Phase 📊 The overnight price action displays textbook Wyckoff re-accumulation behavior within a trading range: Preliminary Support (PS) established at 4,042 Selling Climax (SC) absorbed with declining volume Automatic Rally (AR) back to 4,075 Secondary Test (ST) currently forming around 4,060-4,065 This structure suggests smart money is accumulating positions ahead of the next markup phase. Elliott Wave Interpretation 🌊 The wave count indicates we're in a corrective ABC pattern within a larger bullish impulse: Wave (A): Sharp decline from 4,120 to 4,042 Wave (B): Corrective bounce to 4,085 Wave (C): Final leg down potentially targeting 4,050-4,055 (or already complete) If the ABC correction is complete, we're positioned for wave (iii) of the next impulse targeting 4,150-4,200. Critical Price Levels 🎯 Resistance Zones: R1: 4,090 (wedge upper boundary + 50 EMA on 1H) R2: 4,120 (previous swing high + psychological) R3: 4,165 (Fibonacci extension 1.272) Support Zones: S1: 4,055 (wedge lower boundary + current pivot) S2: 4,042 (recent swing low + demand zone) S3: 4,020 (critical support + 200 EMA on 4H) Indicator Snapshot ⚡ RSI (1H): 44.8 - bullish divergence forming (price making lower lows, RSI making higher lows) Stochastic: Oversold at 22, curling upward (bullish reversal signal) VWAP: Sitting at 4,072, acting as immediate resistance Ichimoku Cloud: Price testing cloud support on 1H, Tenkan/Kijun preparing for bullish cross Volume: Declining on pullbacks (healthy correction characteristic) Harmonic Pattern Recognition A Bullish Gartley pattern has completed with precision: - X: 4,020 - A: 4,120 - B: 4,065 (0.618 retracement) - C: 4,095 - D: 4,050 (PRZ zone - Potential Reversal Zone) The pattern's completion at current levels adds significant confluence to the bullish reversal thesis. Japanese Candlestick Analysis The 15M chart printed a Bullish Hammer at 4,055, followed by a Morning Star formation. These reversal patterns at support suggest buyer conviction is building. Actionable Trade Setups 💰 Strategy 1 - Wedge Breakout Long: Entry: 4,092 (break above wedge resistance with volume) Target 1: 4,120 Target 2: 4,165 Stop Loss: 4,050 Strategy 2 - Support Zone Buy: Entry: 4,055-4,062 (current zone, limit orders) Target 1: 4,090 Target 2: 4,130 Stop Loss: 4,038 Timeframe Hierarchy 🕐 - 5M: Entry refinement and scalp management - 15M: Candlestick patterns and momentum confirmation - 1H: Primary pattern structure and trend direction - 4H: Macro trend validation and key support/resistance Market Verdict Gold is coiled at a pivotal support zone with multiple bullish signals converging. The falling wedge, Wyckoff re-accumulation, completed Gartley pattern, RSI divergence, and reversal candlesticks all point toward an upside resolution. The 4,055 level is your line in the sand—hold above it and we're likely heading to 4,120+. However, a decisive break below 4,042 would invalidate the bullish setup and open the door to 4,020. Until proven otherwise, the bias favors buyers at current levels. 🚀 Patience and precision win in this game. Wait for your setup, execute with discipline. ⚡ --- Risk Warning: Gold trading involves substantial risk. This analysis is educational content only, not financial advice. Always manage your risk appropriately.
PEPPERSTONE:XAUUSD
by sunya
Gold Analysis - Channel Decline Toward Key Support LevelsGold is currently trading inside a descending channel, showing sustained short-term bearish momentum. Price continues to respect both the upper and lower channel boundaries, forming lower highs and lower lows. We have three key support zones highlighted below current price: • Support Level 1: Minor liquidity zone where a short-term reaction is possible • Support Level 2: Stronger demand area, likely to generate a corrective bounce • Support Level 3: Major support and potential reversal zone at the channel bottom The projected path shows price potentially continuing lower within the channel toward the deeper support levels before forming a bullish reversal. If price reacts at the lower boundary of the channel + major support, a breakout to the upside could target the 4,100+ area, aligning with the marked TARGET zone. Key Points: • Trend on 15m remains bearish until a channel breakout • EMA 9 and EMA 50 show downward pressure • Watching for bullish structure shift near lower support zone • Break and retest above the channel could confirm trend reversal Bias: Bearish short-term → Bullish reversal potential at deeper support.
OANDA:XAUUSDLong
by Hamza_Gold
FIRST CONFIRMATION CANDLE If this current m30 candle in the purple sphere closes bullish then it will be first good confirmation of more buys so we will wait for other higher time frames for more confirmation but if it closes bearish by 6am it will be best to close buys and wait for a while because it will push down further but could be rejected to close around 4070 before we buy again , it could also lead to more sells if it closes bearish so it will be best to close and wait for the reaction after that .
TVC:GOLDLong
by EVANABEK1