Gold hits resistance, Sell nowShort-term factors impacting the decline in gold prices:
1: The Russia-Ukraine situation has returned to the negotiating table under Trump's leadership.
2: At the Jackson Hole annual meeting, the market is almost unanimous in its belief that Powell will deliver hawkish remarks.
3: Both gold and silver ETFs have seen reductions in holdings.
4: Gold is under obvious technical pressure.
From the 1-hour chart, we can clearly see a downward trend line for gold prices. After repeatedly touching this trend line, gold prices have fallen. Now that it's near this trend line again, I believe it's a good time to sell.
🏆The operation settings are as follows:
📉📉📉Sell around 3345-3350
✅Target 1: 3330
✅Target 2: 3320
✅Target 3: 3310
📣If you have different opinions, please leave a message below to discuss
GOLD.F trade ideas
XAU/USD: Market Holding Its Breath?
Gold is trapped in a decisive technical zone with two distinct scenarios playing out before Powell's speech at 7pm BST. The market structure reveals a clear fork in the road.
Key Levels to Watch:
Upper Resistance: 3375
50% Fibonacci Level: 3355-3365 (Critical Decision Zone)
Support Foundation: 3315-3325
Two Scenarios Mapped Out:
Scenario A: Bullish Breakout Path
Break above 3,335 resistance
Target at 3,375-3,380
Potential extension towards 3,400+ if momentum sustains
Invalidation: Failure to hold above 3,350
Scenario B: Bearish Continuation Path
Rejection at current resistance levels
Descent towards 3,315-3,325 support zone
Possible further decline following descending trendline
Invalidation: Strong bounce above 3,365
The Powell Factor
Tonight's speech at 7pm BST could be the catalyst that determines which scenario unfolds. Markets are positioning for:
Fed policy outlook shifts
Inflation commentary impact
Dollar strength implications
The Million Dollar Question:
Which path will gold choose? The technical setup suggests maximum uncertainty - exactly what makes this moment so compelling.
Risk management is crucial. Gold could explosively move in either direction post-Powell.
Which scenario do you think will play out?
Gold hints moving upwards with strong confirmation !.
The chart depicts the daily price movement of Gold against the US Dollar (XAU/USD). Recently, the price action has formed a bullish ascending triangle pattern.The price is making higher lows while facing resistance near the $3,440–$3,445 area, indicating buying pressure building up.
Two red lines form the triangle, with a rising support (bottom) and a relatively flat resistance (top). The annotation suggests that the price has a higher probability of breaking out upwards, targeting the $3,441 level.
Outlook: If the price successfully breaks and closes above the resistance zone, further upward momentum can be expected, with the next target likely around $3,441 based on the pattern's measured move.
Key Level: Traders should watch for price action at the triangle's apex and the $3,441 mark, as a breakout above this resistance could signal a continuation of the uptrend.
XAUUSD – Waiting for the Market to Show Its Hand1. Yesterday’s Setup
In my yesterday’s analysis, I mentioned that while I am bullish overall, I could not ignore the pressure Gold was putting on the 3330 support. I also noted that for bulls to regain control, a break above 3345 was needed.
The market reacted with textbook precision: price rallied exactly to 3345 before breaking down through 3330, reaching a low of 3311. Currently, we see a normal rebound, but inside a bearish short-term structure.
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2. The Key Question
Is this just a continuation of the downtrend, or a trap before the real bullish move?
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3. Why I’m Not Convinced by the Bears
• The recent drop doesn’t look impulsive—it’s overlapped and choppy, more like a stepway accumulation phase.
• The pattern is contained inside a falling wedge, a structure that usually favors upside breaks.
• Bears had their chance yesterday, but the follow-through looks weak.
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4. Trading Plan
At this moment, I’m out of the market, waiting for confirmation.
• Buy zone: around 3300–3305 for a potential re-entry long.
• Bullish confirmation: if price climbs back above yesterday’s high (3345), it would negate the breakdown and confirm a false break.
• With price now at 3322, I prefer to stay patient, watching how it reacts at the key levels.
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5. Final Note 🚀
Gold is now right in the middle of my interest range. For me, it’s not about predicting—it’s about waiting for the market to reveal the next high-probability setup.
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.
XAUUSD (Gold) Trading Plan – Daily Timeframe📅 Period: Final Week of August 2025
📊 Strategy: Swing Trading – Sell Setup, Followed by Pennant Breakout Buy
🎯 Bias: Bearish short-term retracement, bullish continuation after pennant break
🧠 Market Outlook (Daily)
Gold has recently printed a large Marubozu candlestick, suggesting strong momentum but also creating room for retracement before continuation.
The 3380 level acts as a potential exhaustion/resistance zone where sellers are likely to step in if the trend shows signs of weakness.
The 3343 level aligns with the 0.618 Fibonacci retracement of the last Marubozu, making it a natural magnet for price pullback.
A pennant pattern is forming on the Daily chart, and once it breaks, it could trigger the next directional wave.
Bias: Look to sell from resistance, capture retracement down to 3343, then shift bias to buy if pennant breakout occurs toward 3394.
🔍 Execution Plan
✅ Phase 1: Sell Setup at 3380
Sell Trigger:
Daily candle shows rejection at 3380 (upper wick, bearish engulfing, or exhaustion candle).
Momentum indicators (RSI/MACD) confirm loss of buying strength.
Stop Loss: Above 3390–3394 (to allow room for volatility).
Trade Idea: Capture downside retracement move toward Fibonacci support.
🎯 Target 1: 3343 (0.618 Fibonacci)
Reasoning:
Major Fibonacci retracement level of the recent Marubozu.
Key psychological support on Daily chart.
First logical take-profit zone before buyers step in.
Action:
Close 70–80% of short positions.
Move SL to breakeven on remaining shorts.
✅ Phase 2: Transition to Buy Opportunity
Once 3343 is reached and respected, monitor price action around the pennant pattern support zone.
Buy Trigger:
Bullish breakout candle above pennant resistance line.
Daily close above 3360–3365 confirms breakout strength.
Stop Loss: Below 3328 (last swing low within pennant).
🎯 Target 2: 3394 (Upside Breakout Target)
Reasoning:
Completion of pennant breakout measured move.
Aligns with top-side resistance and extension beyond prior high.
Offers ~50 pip upside from entry zone.
Action:
Close longs at 3394.
Watch for continuation if momentum remains strong (optional extension targets beyond 3400).
📊 Summary Table
Phase Entry Zone Target Stop Loss Action
Sell 3380 3343 (0.618 Fibo) 3394 Enter short after confirmation
Buy Pennant breakout above 3360–65 3394 3328 Enter long only if breakout confirmed
⚠️ Risk Management
Risk per trade: 1% of capital (swing trades hold longer, so position sizing must be conservative).
Always confirm with Daily candle close; avoid entering prematurely.
If price fails to reject 3380 and breaks 3394 directly, bearish plan is invalid.
Discipline: Stick to Fibonacci and pennant levels; don’t chase moves in between.
🧭 Big Picture View
Short-term (early in the week): Bearish retracement likely toward 3343.
Mid-to-late week: Watch for pennant breakout to confirm bullish continuation toward 3394.
Final week of August outlook: Range of 3343 – 3394 is critical. Whoever wins this range (bears or bulls) sets the stage for September trend.
✅ This Daily plan gives you a step-by-step swing map: first catch the retracement short, then flip bias for the continuation long.
GOLD → The market is waiting for a kick (driver). ConsolidationFX:XAUUSD is in a stalemate. A “casino” pattern is forming in the form of a symmetrical triangle. The odds are 50/50, and everything depends on the fundamental background and the emergence of a driver.
Gold is stuck in a symmetrical triangle - consolidation.
Gold is trading around $3330 on Tuesday, remaining in a range with a downward bias amid caution among traders ahead of the Fed minutes.
Technically, it is possible to trade the breakout from consolidation with the price consolidating above a certain level, i.e., post-factum.
Optimism after the meeting between Trump and Zelensky, who promised to end the conflict, is reducing demand for safe assets, but expectations of a Fed rate cut this year are supporting the metal. An additional factor is the confirmation of the US rating by S&P. Powell's speech on Friday will be a key driver, while the dollar has partially recovered after its recent decline.
Resistance levels: 3349.8, 3370.7
Support levels: 3331, 3315, 3301
Volatility has been very low over the past few days, with the market waiting for someone to kick-start movement. Fundamental factors are contradictory, and technically, gold looks uncertainly weak. Based on this, I expect that a retest of the nearest resistance could end with a downward breakdown from consolidation.
Sincerely, R. Linda!
XAU / USD 30 Minute ChartHello traders. I caught that scalp trade earlier, I could have re-entered to catch the move down a 2nd time but I was good with what I got. Saying that, I am done trading for the day, but for scalp trades I have marked my area of interest. Check all time frames, and remember that the day is winding down, so watch for the trading volume. Big G gets my thanks. Be well and trade the trend.. Gonna watch to see how the current 30 minute candle closes. Thanks so much
Gold: Will the Bullish Momentum Resume Above $3,350?Hello everyone,
Gold is currently trading around $3,345, with the critical level at $3,350 acting as a decisive resistance. If this barrier is broken, I believe the bullish momentum will continue. From a technical perspective, gold is testing the Fair Value Gap (FVG) between $3,340 and $3,350 – an area that, once filled, could strengthen the case for long positions. Notably, trading volume has been rising in recent candles, indicating that buyers are gradually regaining control.
On the macro side, the backdrop also favours gold. Growing expectations of a Federal Reserve rate cut have weakened the US dollar, making gold more attractive as a safe-haven asset. If Jerome Powell’s upcoming speech at Jackson Hole reinforces the likelihood of lower interest rates, this will provide additional tailwinds for gold.
In conclusion, if gold can break above $3,350 with conviction, I expect the uptrend to extend towards $3,370. This presents a strong opportunity for buyers, as long as the breakout is confirmed.
See you in the next update – let me know your thoughts in the comments below.
Buy opportunity on Gold with overall target at 3358Hello traders,
I’m looking at a potential long setup on Gold around the 3329 zone. Here’s why:
During mid-London session, price dipped into the 61.8% Fibonacci retracement level (3327).
This level also aligns with the midpoint of a daily imbalance (FVG), making it an area of high confluence.
On the 4H chart, Gold has already shown rejection from this zone, suggesting buyers are stepping in to defend it.
Based on this, I expect today’s low could be set around this area.
Trading plan:
Entry: 3329–3333
Targets: 3342 and 3358
Stop loss: 3321
If you find this helpful please give this idea a boost. Thank you!
XAUUSD Gold Intraday Setup 21.08.2025Gold has broken out of its bearish channel and is now showing signs of retesting the broken trendline. Price action suggests that the 3332/34 zone (highlighted with confluence from structure support and channel retest) will be key for buyers to step in. As long as price holds above this area, bullish momentum is likely to resume.
The target at 3357 aligns with previous resistance, making it a logical upside objective. A stop-loss below 3323 protects against a deeper retracement back into the bearish structure.
Trading Plan (Buy Setup):
Entry: 3332/34
Stop-Loss: 3323
Target: 3357