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CFDs on Gold (US$ / OZ)CFDs on Gold (US$ / OZ)CFDs on Gold (US$ / OZ)

CFDs on Gold (US$ / OZ)

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XAUUSD 4H Bearish setupThe price has tested the brown EMA ribbon (a dynamic resistance area) several times and failed to close above it. This indicates strong selling pressure near 4,045–4,065. The latest rally failed to break the prior swing high, maintaining the bearish market structure. Entry Zone: Around 4,035–4,045 (rejection zone) Stop Loss: Above 4,065 (structure + EMA rejection area) Targets: TP1: 3,983 Minor support within prior structure – short-term profit-taking zone TP2: 3,941 Mid-level Fibonacci extension; key liquidity zone TP3: 3,901 Full measured move of the prior swing; strong bearish continuation target
OANDA:XAUUSDShort
by VisionaryInsights
XAUUSD Forming Ascending TringleXAUUSD has recently completed a breakout from a long-term ascending triangle, showing strong bullish momentum that pushed prices above the key resistance area near 2,400, turning it into a solid support zone. After reaching a new high near the 4,300 level, gold has started a corrective phase, which appears to be a healthy retracement within the broader bullish trend. The market structure remains positive as long as price stays above the 3,900–3,950 demand zone, where fresh buying interest is expected to emerge. This correction could be the final consolidation phase before the next bullish wave targeting the 4,500–4,700 levels in the coming weeks. From a fundamental perspective, gold remains supported by global macro uncertainty and central bank demand. Weakening U.S. dollar sentiment, persistent geopolitical tensions, and increasing speculation that the Federal Reserve may initiate rate cuts in early 2026 continue to fuel investor interest in safe-haven assets like gold. In addition, strong accumulation from emerging market central banks and inflation concerns sustain the bullish outlook for precious metals. Technically, as long as XAUUSD holds above 3,900, the bias stays strongly bullish. Traders are watching for a potential retest of broken resistance turned support before continuation higher. A clear bullish rejection from these levels would confirm renewed momentum toward new record highs, offering a favorable risk-to-reward setup for long-term buyers.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
4
Selling on rallies remains the dominant strategy for gold!Yesterday's closing price was around 3977, with a low of around 3964, successfully reaching the 3980-3960 range I predicted. I consistently emphasized against chasing the price higher yesterday and provided a shorting strategy around 4020-4030. Congratulations to those who followed my analysis for substantial profits. Gold faces significant upward pressure, and unless there's a major positive news catalyst, a breakout is unlikely. Otherwise, we will continue to focus on selling on rallies. Today, Friday, is the non-farm payrolls report; we will maintain our strategy of selling on rallies during the day. If you're currently experiencing difficulties with your trading, and I hope to help you avoid common pitfalls, feel free to contact me for discussion! From the 4-hour chart, gold is maintaining a generally bearish trend with some volatility. The upside resistance is around 4010-4020, with a key resistance level near 4030. Support is around 3970-3960. The recommended strategy is to sell on rallies, observing more and acting less in the middle range, avoiding chasing the market, and patiently waiting for confirmation at key levels before entering the market. Specific trading strategies will be provided at the bottom; please pay close attention. Gold Trading Strategy: Sell gold in batches in the 4010-4030 range on rebounds, with a target of 3980-3960.
OANDA:XAUUSDShort
by Daniel_PrimeFX
The continuous short positions in gold have ended perfectly!Whether gold can break through resistance levels in the near term depends on the convergence of three factors: First, whether the US dollar and US Treasury yields experience a more sustained decline, creating room for discounting; second, whether risk appetite strengthens the "insurance demand" for gold due to equity volatility and increased macroeconomic uncertainty; and third, whether net inflows of funds continue, especially whether passive funds and longer-term allocation funds enter the market simultaneously. If these three factors fail to move in tandem, the price will likely continue to consolidate within the $3930-$4000-$4050 range. If they move in unison, the resistance above these round numbers will weaken more smoothly. It's worth noting that the People's Bank of China suspended its 18-month gold purchase program in May 2024 but resumed it in November of the same year. The market currently expects a 67% probability of a Fed rate cut in December, up from around 60% the previous trading day. The Fed just cut rates last week, and Powell stated that this may be the last rate cut this year. The market's current focus is on macroeconomic data and when the US government shutdown will end—which is also driving safe-haven demand for gold. The congressional gridlock led to the longest government shutdown in U.S. history, forcing investors and the data-dependent Federal Reserve to rely on private economic indicators. Since gold does not generate interest income, it typically performs well in low-interest-rate environments and periods of economic uncertainty. Gold Technical Analysis: With the non-farm payroll data still pending, gold prices are likely to fluctuate little tonight, mainly consolidating. The battle between bulls and bears continues throughout the day. During the US session, gold rebounded to around 4027. We had already positioned short positions at 4015 and 4025, which subsequently fell back as expected, resulting in a profitable trade. This week's trading session has concluded perfectly, and we will not participate in the late-session trading. Our strategy remains to short below 4030. From a technical analysis perspective, key resistance and support levels need to be monitored. The upper resistance level to watch is the 4020-4030 area. If gold prices can break through this range and hold, the upward trend may continue in the short term, potentially challenging higher levels. Before this breakout, we have consistently emphasized against chasing highs and have provided a strategy and analysis for shorting in batches around the 4015-4030 area. Those who follow me should have seen this. Gold faces significant upward pressure, and unless there is a major positive news event to stimulate a breakout, we will continue to maintain a strategy of selling on rallies. Due to the lack of non-farm payroll data, gold prices will continue to be treated as oscillating. The lower support level is seen in the 3975-3960 area. If this support level is effectively broken, it may trigger a new round of declines, potentially opening up further downside potential.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold Congestion: Clear Levels, Unclear DirectionAfter forming a local low at 3887 last week — a level perfectly aligned with the October ATH area — OANDA:XAUUSD started to recover from the recent 5k pips decline, retesting the 4050 resistance zone, which previously acted as strong support. Since mid-last week, price action has entered a consolidation phase. Despite high intraday volatility, the structure is beginning to compress into a clear congestion pattern. This range, roughly 1k pips wide, provides traders with well-defined reference points: - Support: 3950–3960 zone – a break below this area would likely reopen the path toward the recent 3887 low. - Resistance: 4040–4050 zone – a confirmed breakout above could trigger a continuation toward 4150. At this stage, I am slightly bullish, given the sharp rejections from 3920 last week and the emerging ascending triangle structure, which often precedes upward continuation. Still, confirmation is required — the market must decide whether this congestion is accumulation or distribution.
OANDA:XAUUSD
by Mihai_Iacob
9
GOLD NEWYORK PERSPECTIVE THE 3986 ZONE STOPED LONDON GOLD BUYERS .AS THE NEWYOKERS RESUME TRADING WE DONT KNOW WHAT THAT THEY MIGHT DO NEXT,SO LETS LOOK AT THE STRUCTURE. BREAK BELOW 3957.01 1 HR DEMAND FLOOR SELL AND TARGET 3930 AND NEXT TARGET 3904-3900 LEVEL BUY BREAK AND CLOSE ABOVE 3969.70 AND TARGET 4011 AND IF WE SEE MOMENTUM HOLD TILL 4030-4043 AND LAST TAKE PROFIT WILL BE 4100. FUNDAMENTALS OF GOLD Gold's reclassification as a Basel III Tier 1 asset marks a significant upgrade in how regulators and banks view gold within global financial systems. Why Gold is Reclassified as Basel III Tier 1 Tier 1 Status Definition: Under Basel III, Tier 1 assets are the highest quality capital assets that banks can use to meet their core capital requirements. These assets carry a 0% risk weight, reflecting their safety, liquidity, and reliability as capital. Gold’s Historical Status: Gold has already been recognized as a Tier 1 asset for capital adequacy since the Basel I Accords in 1988, due to its status as a safe store of value with very low default risk. New Recognition (2025): Starting July 1, 2025, physical gold held by banks can be counted at 100% of its market value in regulatory capital calculations, instead of being subject to significant haircuts or lower classifications (e.g., previously it was treated as a Tier 3 asset with a 50% deduction). High-Quality Liquid Asset (HQLA) Label: This reclassification means gold is now officially recognized as a High-Quality Liquid Asset under Basel III, allowing it to qualify as part of banks’ liquidity coverage ratios (LCR), an important step for liquidity and capital management. Regulatory Shift: This reflects changing perceptions that gold is not just a commodity but a true monetary asset. It is increasingly accepted as a reliable reserve asset by central banks and financial institutions worldwide. Central Bank Adoption: This move aligns with continued aggressive gold buying by central banks, recognizing gold’s importance for capital reserves, systemic stability, and as an inflation hedge. Significance Banks can fully count gold toward core capital reserves. Reduces capital burden, improving bank balance sheets and financial resilience. Endorses gold as a strategic, monetary asset, not just a commodity investment. Encourages institutional demand for physical gold and gold-related financial products. Summary Gold was reclassified as a Basel III Tier 1 asset starting July 1, 2025, reflecting its highest quality capital standing with 0% risk weighting and full market value recognition. This elevates gold’s status to a High-Quality Liquid Asset (HQLA) for regulatory purposes, facilitating banks’ liquidity coverage and capital adequacy. The change signals a major regulatory and market shift, acknowledging gold as a core reserve and strategic financial asset in modern banking systems. #GOLD #XAUUSD
FXOPEN:XAUUSDLong
by Shavyfxhub
Gold technical outlookGold is showing extremely high-volume activity within the 3,979–3,990 range today. A confirmed breakout from this zone will clarify whether the current phase represents accumulation or distribution. On the broader trend structure, there’s a notable volume imbalance, with multiple confluences aligning around the 3,674–3,707 zone - including EMA20 (1W) and EMA100 (1D) support. This area remains a key downside magnet should price fail to sustain above current resistance. Gold 1H chart view From a seasonality standpoint, there’s an urgency factor favouring renewed buy pressure before December as institutions position for year-end flows. This dynamic could make any corrective flush highly aggressive, with liquidity cleared before continuation. This is not a buy or sell signal. These observations are for market-study purposes only and should not be interpreted as trade instructions. ⚠️ Risk Note: It is recommended not to overleverage your positions. Overexposure is the main killer of portfolios. Position sizing directly impacts mental clarity: excessive size can cloud judgment and trigger emotional reactions, while appropriate sizing supports composure and disciplined execution. It is better to collect steady breadcrumbs than to risk giving away your capital. Trading risk can be managed but never eliminated. ❗Disclaimer: This content is provided for educational purposes only. It does not constitute financial, legal, tax, or investment advice. The author does not provide trading signals, portfolio management, or any services regulated by the Financial Conduct Authority.
FPMARKETS:XAUUSDShort
by DominaJ
Statement on "Why Backtesting Doesn't Work (Proper SMC Edition) Why Backtesting Fails for True Smart Money Concepts Trading (and what you must do instead)” When you trade using SMC — meaning you’re analysing structure, inducements, order-flow footprints, liquidity sweeps and institutional behaviour — you’re not simply trading fixed setups that repeatedly behave in identical ways. That means the classic “backtest historical data, cycle optimized entry, rinse & repeat” mindset breaks down. Here’s why: 1. Uniqueness of each market scenario Institutional footprints don’t repeat like mechanical patterns. Liquidity and order-flow respond to current context: structural highs/lows, prior supply/demand, inducements, time of day, major news, correlated markets, market sentiment. So what happened last month may look similar, but the underlying cause & effect will differ. 2. Hidden Smart Money behaviour Smart Money isn’t labelled on the chart. You don’t have a tag “institutional buy here” in history. You’re inferring it via structure, retests, inducements, inefficiencies. These signals evolve. Backtesting that uses rigid rules can’t properly capture the nuance of when and why Smart Money enters. 3. Changing context and fractality The market is fractal: your higher-timeframe structure influences the lower timeframes, but the exact interplay shifts. Backtesting often ignores this evolving interplay. The same trigger on 30M may have a different consequence depending on the 4H structure. That means the recycled historical trigger won’t always behave the same. 4. Emotion, flow, and live execution You can test entries historically, but not replicate the live environment: real-time spreads, slippage, late reactions, news shocks, liquidity vacuum. On top of that, your emotional state in live execution adds variability. Backtesting doesn’t generate the same pressure. If you rely on backtested “perfect” outcomes, you’ll be unprepared for the live market’s messiness. 5. Forward skill development beats retro “rules” The real value is not in optimizing past data but in sharpening your forward-looking skill: reading structure, reacting to inducements, identifying the moment Smart Money acts. That means you must practise in live or near-live conditions (smaller size, low risk) to train your brain, your timing, your discipline. In summary: Backtesting treats the market like a fixed machine; SMC trading recognises the market is an adaptive ecosystem. Your edge is in identifying intent, reading footprints, and executing in live time — not relying solely on historical “this pattern worked 7 of 10 times”. Train the skill live, respect structure and inducement, and your entries will come from genuine alignment, not forced replication of old outcomes. Stay sharp. Stay structured. And always ask: “Where is Smart Money acting now?”, not “What happened historically?”
OANDA:XAUUSDEducation
by Juicemannn
Gold Surges, Resuming Bull Market!The bull market is back, and gold prices have risen as expected to above 4100. The opportunity has arrived, and it must be seized. Those who have been following the trend know that after the previous drop to 3888, we advised against excessive bearishness, suggesting a rebound from the lows, targeting 4050. A break above 4050 would trigger a one-sided trend. Although it consolidated for two weeks, Monday's opening saw a direct break above 4050, and the price has now surged to around 4140, a single-day gain of over $100 – this demonstrates the strength of the bulls' counterattack. Undoubtedly, gold is now in a bullish trend, forming a strong one-sided move. Therefore, the next targets for gold are 4186-4250, and a high of 4300. This week is packed with positive news. The US government resumed its meetings on Monday, potentially ending the shutdown. CPI data will be released on Thursday, and PPI data on Friday. If the US government continues operating normally, the data released on Thursday and Friday will have a significant impact. The current market situation has both a solid foundation and strong intraday performance; it's just missing a data release to influence the market, otherwise the bulls would be even more aggressive. As analyzed on Monday, after gold broke through 4050 this week, we were expecting a one-sided trend, with targets at 4200 and 4300. The trend is now clear; Monday saw a direct break of 4050, a single-day increase of over $100. Having confirmed the one-sided trend, we expect it to continue today. Technically, after the daily chart's bottoming consolidation, the upward movement has broken through the Bollinger Band's middle band resistance. The next target is the upper Bollinger Band at 4300. Whether it breaks through the upper Bollinger Band will depend on the strength of the bulls. Until then, we must maintain our bullish outlook. The 4-hour Bollinger Bands have already widened, indicating the bullish momentum is just beginning. Therefore, there's not much to say; we must maintain a bullish stance and adhere to two principles: go long with the trend, don't try to predict highs, and absolutely avoid shorting. Therefore, the entry point for long positions today is around 4110, which is the support level on the short-term chart. The overall strategy is to buy on dips, targeting 4186, and potentially 4250 with a strong upward move. In summary, Jin Shengfu suggests a short-term trading strategy of buying on dips and selling on rallies. Key resistance levels to watch are 4186-4250, and key support levels are 4110-4115. Please follow the trend closely. Selling Strategy: Sell gold in batches around 4186-4190, targeting 4160-4150, with a further target of 4130 if it breaks through. Buying Strategy: Buy gold in batches around 4110-4115, targeting 4150-4190, with a further target of 4250 if it breaks through.
OANDA:XAUUSDLong
by vuvu10041
Gold surged strongly; is there still a chance to sell?Gold closed higher with a large bullish candle on the daily chart, breaking out of last week's consolidation range. Gold is currently in a bullish trend, and it remains the dominant force. Therefore, continue to buy on dips. Gold is currently in a sustained uptrend, and unless you chase the price upwards, it's difficult to participate in long positions. However, chasing the price upwards carries considerable risk. Since we've identified resistance, we cannot ignore it. We should wait for a pullback after the price rises before entering the market. This avoids being whipsawed by stop-loss orders during the upward movement followed by a decline. Our trading yesterday was very successful. Despite the strong upward trend throughout the day, we still seized multiple buying opportunities, including both long and short positions. We operate on a short-term trading basis. As long as we accurately analyze support and resistance levels, we can decisively buy in batches. After all, even the strongest market needs pullbacks to consolidate. We only need to identify resistance levels to make things simple; pullbacks are undoubtedly opportunities to buy long positions in this market. For short-term trading: Aggressive traders can consider targeting the 4145-4155 resistance level. Today's core strategy is to buy on dips. I believe you can buy in batches between 4115 and 4105, and anything below 4100 presents an opportunity to increase your long positions. In a strong uptrend, you must seize every opportunity to go long on pullbacks. If you can't execute precisely, you can use the method I've taught you: first test the market with a small position, then increase your position on pullbacks. This way, you won't miss opportunities. If you're truly unsure when, where, and how to act, and are strictly following my trading signals, stay tuned. This will make recovering losses or doubling your profits much easier!
TVC:GOLD
by FIGONRXS
#XAUUSD – H4 Higher Timeframe Analysis ## 📊 Refining the structure on H4, we can clearly mark key zones from where high-probability trades may trigger ✅ --- ### 🟥 Key Supply Zone: 4026 – 4048 Price has reacted from this zone multiple times last week. So, if price retests this area and we see 1–2 strong H1 bearish candle closures, we may look for a sell setup 🛑📉 Sell Plan (if rejection) * ✨ Entry: 4026 – 4048 rejection * 🛑 SL: H1 candle closing above 4050–4055 * 🎯 TP: To be updated live based on price reaction --- ### 🟩 Bullish Breakout Scenario If price breaks & sustains above 4048 and we get a convincing H4 bullish closing, then we can shift to buy bias ✅ Buy Plan (if breakout) * 📈 Target 1: 4080 – 4120 * 📈 Target 2 / Final Resistance: 4115 – 4160 This final zone (4115–4160) aligns with the Fibonacci 0.50 – 0.618 golden pocket, so if we see 1–2 bearish H4 candle confirmations, this area could offer a high-reward swing short opportunity 🏛💰
OANDA:XAUUSD
by KTechnicalLevels
Elliott Wave Analysis – XAUUSD (Nov 05, 2025) 🔹 Momentum D1 timeframe: Daily momentum has reversed to the downside, suggesting that the dominant trend for the next 4–5 days is likely to be bearish. H4 timeframe: H4 momentum is currently turning upward, indicating a potential short-term bullish correction lasting 4–5 H4 candles. However, since price action is within a corrective wave, short-term momentum signals can be noisy. Still, this minor rally can provide valuable observation opportunities. H1 timeframe: H1 momentum is now in the overbought zone and about to turn down. I usually take entries when H1 and H4 momentum align, but right now they are out of phase, so the best move is to wait and observe. The 3891 level will be a key area to monitor in the short term. ________________________________________ 🔹 Wave Structure D1 timeframe: The corrective wave X (purple) within wave (4) (yellow) appears to be forming or nearing completion. The downside reversal on D1 suggests that wave X might have already ended, and price could now be starting wave Y downward. A break below 3892 would confirm that wave X is complete. However, note that this X-wave retracement is quite shallow (around 0.283 of the previous W-wave), which reduces the reliability of the momentum signal — meaning we must stay cautious and monitor closely. ________________________________________ H4 timeframe: On H4, the structure of wave X (purple) shows signs of a contracting triangle, anchored around the 4028 resistance zone with higher lows. In this scenario, an a–b–c correction is expected, where wave b forms the triangle, and wave c could rise toward 4050–4149 to complete the X-wave. However, the strong drop yesterday is weakening this scenario, though not invalidated yet. → The bullish scenario would be fully invalidated if price breaks below 3892. Thus, we must monitor two possible cases: 1. Case 1: Wave X is still in progress – supported by the current H4 momentum upswing. If price breaks above 4028 when H4 momentum reaches overbought, it will strengthen this view. 2. Case 2: Wave X has already completed as a triangle (abcde) shown on H1. In this case, the ongoing H4 rally is just a corrective bounce, and once H4 momentum enters overbought and price fails to close above 4028, a new bearish leg is likely to start. ________________________________________ H1 timeframe: The corrective X-wave (purple) seems to have completed as a triangle (abcde, black). That means the market is now likely in wave Y (purple) on D1, where the main trend is bearish, and any upmove is only corrective. Hence, the 3981 liquidity zone above is considered a high-probability sell area. ________________________________________ 🔹 Trading Plan • Sell Zone: 3981 – 3983 • Stop Loss: 4002 • Take Profit 1: 3892 • Take Profit 2: 3814 ⚠️ Note: Current volatility is extremely high — each H1 candle covers more than 200 pips. Therefore, the stop loss range is wide. 👉 To manage risk effectively: • Either avoid trading during this phase, or • Reduce position size to keep account safety intact.
OANDA:XAUUSDShort
by WavePoint_FX
XAUUSD: Market Analysis and Strategy for November 6th.Gold Technical Analysis: Daily Resistance: 4080, Support: 3890. 4-Hour Resistance: 4035, Support: 3965. 1-Hour Resistance: 4025, Support: 3985. Gold saw a strong rally in the London market, reflecting recent market volatility characterized by rollercoaster-like movements with large and rapid swings. This is typical of range-bound trading. After a rapid rise, a new plunge may follow. Avoid chasing highs after a sharp rise and avoid selling lows after a sharp fall in a range-bound market! Currently, without any major news catalysts, gold is expected to continue its range-bound movement. Focus on the short-term support/resistance level and look for a rebound to the 4030-4045 range, waiting for a pullback before buying opportunities. BUY: 3985~3990
TVC:GOLD
by ActuaryJ
Elliott Wave Analysis XAUUSD – November 6, 2025 🔹 Momentum D1 timeframe: The D1 momentum is now closing in, signaling a possible transition phase with two potential outcomes: • If today’s D1 candle closes bullish (green): momentum is likely to reverse upward, suggesting a short-term bullish correction. • If today’s candle closes bearish (red): the downtrend may continue. The current momentum behavior is unusual, reflecting market indecision between buyers and sellers after a strong decline. As a result, even a small impulse from either side could cause a quick momentum shift. H4 timeframe: Momentum on H4 is still in a downward phase but already showing early signs of closing and potential bullish reversal. • If the current H4 candle closes bearish, the downtrend may extend. • If it closes bullish and momentum turns upward, price could retest the 4028 zone. H1 timeframe: Momentum on H1 is now entering the oversold area, indicating that a reversal could occur within 1–2 more H1 candles. If momentum turns down again from resistance, this could offer an opportunity for a short-term sell (scalp) around the nearest liquidity zone. ________________________________________ 🔹 Wave Structure D1 timeframe: As discussed in previous plans, the current structure still forms a W–X–Y correction in yellow, representing wave (4) of the larger cycle. • The W wave has already reached the 0.382 retracement of wave (3) yellow — which often marks the typical end zone of wave 4. • Therefore, the following X and Y waves may take longer to complete to maintain time balance within wave (4). Meanwhile, the X wave (purple) remains relatively shallow, having retraced only about 0.236 of wave W (purple). Combined with the still-uncertain momentum discussed above, a potential rise toward the 4149 zone remains a realistic scenario. However, if today’s D1 candle closes bearish, price could continue lower to complete wave Y (purple). Given the current structure favors time balance rather than depth, this Y wave may unfold sideways rather than deeply downward. At this stage, price is compressed within a narrow range, reflecting market hesitation. It’s best to wait for major catalysts such as the Nonfarm Payrolls report, which could trigger the next decisive move. ________________________________________ H4 timeframe: The current X wave is developing within a narrow range under the form of a contracting triangle (a–b–c–d–e). A triangle can only be confirmed once all five internal legs are completed. Once that happens, a breakout above or below the triangle boundaries will define the next direction. 👉 For now, observation should be prioritized over action. ________________________________________ H1 timeframe: Wave labeling on H1 is somewhat noisy due to overlapping three-wave structures within a tightening range. Tentatively, the labeling shows a W–X–Y correction in green, where wave X appears to be a triangle formation. A final small drop forming wave e could complete this triangle (wave X in green). Once it’s done, a new Y wave in green may start unfolding upward. ________________________________________ 🔹 Summary At present, the market remains noisy and compressed, making it unsuitable for swing entries. • Avoid swing positions until the structure and momentum become clearer. • Focus only on short-term scalp setups around key liquidity zones identified earlier. • Wait for confirmation of direction and structure before committing to larger trades.
OANDA:XAUUSD
by WavePoint_FX
Gold (XAU/USD) – Bullish Momentum Testing Key ResistanceGold continues to push higher after breaking through the recent supply zone, showing strong bullish momentum. The price is now approaching a key resistance area near 4140–4160. A short-term pullback toward the minor demand zone (around 4100) could provide a healthy correction before a potential continuation higher. Key levels to watch: Resistance: 4140–4160 Demand Zone: 4080–4100 Support: 3920–3950 This setup highlights possible bullish continuation if buyers hold above the demand zone, but traders should watch for reactions at resistance before confirming direction.
FOREXCOM:XAUUSDLong
by TradeAlliance-Pro
2
Sink or Soar for GoldThe broader trend for gold remains bullish, supported by safe-haven demand, central-bank accumulation and weakness in the USD. However, momentum appears to be softening: overbought readings, increased risk of pull-back or consolidation. Support beneath the price: If gold corrects, watch for structural support zones to hold before bullish continuation. Resistance above: A breakout above defined resistance could open a further leg higher; failure to break may invite a deeper correction.
FX:XAUUSD
by S7ins
technical analysis of your XAU/USD (Gold) chartTimeframe: 15-Minute Chart Current Price: $3,977 🔍 Chart Overview The chart shows a downward channel (yellow lines) that Gold has recently broken to the upside, indicating potential bullish momentum. There’s a support zone around $3,955 – $3,965, labeled as “SUPPORT LEVEL”. A short-term corrective move is expected before the next upward push. 📊 Key Levels Support Zone: $3,955 – $3,965 Immediate Resistance: $3,985 – $3,990 Major Target (Resistance): $4,031 🧭 Price Projection After testing or retesting the support level, price is expected to bounce upward toward the $4,031 target. The purple projection curve indicates a potential retracement followed by a bullish continuation. 💡 Trading Bias Short-Term: Bullish above $3,960 Invalidation: Break below $3,950 could signal renewed bearish pressure. LME:CA1! LME:MC1! LME:NI1! LME:SC1! LME:LH1! LME:AH1! LME:CO1! LME:CB1! LME:HC1! LME:AA1! LME:EA1! LME:HN1! LME:MD1! Target: $4,031 (upside target based on resistance and breakout structure). ⚠️ Summary Gold shows a reversal from a descending channel, now forming a support base near $3,960. If the price sustains above this zone, buyers may push it toward $4,031 in the short term.
FOREXCOM:XAUUSDLong
by MR_NARCOS_ANALYSIS