Latest Gold Price Update Today👋Hello everyone, it's great to be back! Let's take a look at OANDA:XAUUSD !
Gold continues to maintain a strong uptrend, supported by the Federal Reserve's monetary policy. Recently, statements from the Fed about maintaining accommodative monetary policy and expectations of further rate cuts are creating a favorable environment for gold.
Technically, gold is maintaining its strong uptrend, supported by a long-term upward trendline. After a small correction, the price is now returning to an important support level near 3,730 USD. This presents a potential buying opportunity if gold holds above the 0.5 and 0.618 Fibonacci levels.
Technical indicators, including short-term and long-term EMAs, show stable growth. If gold breaks through the resistance at 3,785 USD, the next target could be 3,8xx USD.
💬Do you agree with this outlook? Please leave your comments below!
Good luck!
GOLDCFD trade ideas
Gold can Resume its Uptrend After This CorrectionHello traders, I want share with you my opinion about Gold. The market context for Gold has been firmly bullish since the price action reversed from the deep 3335 - 3355 buyer zone, a move which established the current, well-defined upward channel. This bullish structure has since been guiding the price of XAU higher through a series of impulsive moves and corrective pullbacks, confirming that buyers are in control of the dominant trend. Currently, after testing the upper boundary of the channel, the asset is undergoing a healthy correction. This pullback is now guiding the price towards a critical confluence of support, where the ascending support line of the channel meets the horizontal support zone around the 3675 current support level. In my mind, this pullback is a classic trend-continuation opportunity. I expect that the price will find strong support in this area and bounce from the channel's support line. I think this rebound will signal the end of the correction and the resumption of the primary upward trend. Therefore, I have placed my TP at 3820, a target representing a new structural high and a logical objective for the next impulsive wave. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Gold at Key Decision Zone: Breakout or Breakdown?Hello guys!
Let's analyze Gold!
🔸 Current Market Structure
Price is consolidating inside a symmetrical triangle after a strong bullish run.
Momentum remains positive, but sellers are defending the upper trendline.
Key short-term support is around 3,720 – 3,710 zone.
🔺 Bullish Scenario (More Probable)
If price breaks above the triangle resistance, we could see continuation toward 3,770 – 3,790 levels.
Structure favors buyers as long as price holds above 3,720.
🔻 Bearish Scenario (Alternative)
If the price loses the 3,710 support zone, sellers may take control.
Downside targets:
First support: 3,690 – 3,680 zone
Key target: 3,676 area
🔹 Conclusion
More probable scenario: A bullish breakout continuation.
Risk to watch: If the support fails, the price could quickly revisit 3,676.
Best approach: Wait for a confirmed breakout before entering.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GOLD: Unstoppable Gold Rally Continues - Eyes on 4000GOLD: Unstoppable Gold Rally Continues - Eyes on 4000
Gold seems to be unstoppable with good or bad US economic data. With or without a rate cut from the FED.
Why it is only rising is a big topic because we can only speculate about tariffs, the US economy, the global situation in general. However, ultimately, these are just guesses because the real movement started when Israel attacked Hamas and has not stopped since.
Currently, gold broke another strong resistance area at 3790 and reached a new record high at 3811 so far.
If the market continues to maintain this bullish momentum above 3790, then gold could reach 4000.
I think this whole situation makes no sense, but that's just the way it is.
Key targets: 3850; 3900; 3950 and 4000.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Gold is making another record pullback then spike This chart analysis of XAU/USD (Gold vs US Dollar) on the 1-hour timeframe shows a bullish outlook with a focus on the support trend line.
Price recently pulled back after a sharp rise but is holding above the support zone and support trend line.
If the support holds, gold is expected to bounce and resume its upward move.
Key resistance levels to watch are 3873 and 3900, with a potential target at 3910 (New ATH).
A break below the support trend line could weaken bullish momentum, but as long as it holds, the outlook remains positive.
👉 Overall, the analysis suggests a bullish continuation setup with higher targets if support sustains.
GOLD DAILY CHART ROUTE MAP UPDATEDaily Chart Update – Follow Up
3776 Target Achieved!!
Previously, we highlighted the importance of a candle body close above 3683, which opened the gap toward 3776. That target has now been hit with precision last week.
With 3776 now achieved, the key focus shifts to the daily close:
A sustained candle body close above 3776 will confirm the breakout and open the path toward 3866, especially if we see the EMA5 cross and lock in alignment.
For now, any rejection at this level would ideally see the channel top act as support, allowing room for a healthy correction while maintaining the broader bullish structure.
However, if price rejects and slips back into the channel, then range-bound play resumes within the channel zone.
Current Outlook
🔹 3683 Target Reached
Our breakout sequence played out with precision, starting from the EMA5 lock above 3564 and extending to complete the 3683 objective.
🔹 3776 Target Completed
Last weeks price action delivered the full upside completion into 3776. Now, new daily close will decide whether the breakout extends further into new ranges.
🔹 Key Inflection – 3776
Close above = breakout expansion toward 3866.
Rejection = retest of 3683 and channel top as support, or deeper channel play if momentum fades.
Updated Key Levels
📉 Support – 3683 & Channel Top
📉 Deeper Support – 3564 & 3433
📉 Pivotal Floor – 3272
📈 Resistance / Next Upside Objective – 3866 (on confirmed close and EMA5 lock above 3776)
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts with our 4H chart also playing out as analysed.
Yesterday we completed our 1H chart idea and today we complete our 4H chart idea. After completing 3778 target, we had ema5 cross and lock gaps open above at 3811 and 3845 - Both of these gaps are now hit complecting this chart idea.
BULLISH TARGET
3696 - DONE
EMA5 CROSS AND LOCK ABOVE 3696 WILL OPEN THE FOLLOWING BULLISH TARGETS
3738 - DONE
EMA5 CROSS AND LOCK ABOVE 3738 WILL OPEN THE FOLLOWING BULLISH TARGET
3778 - DONE
EMA5 CROSS AND LOCK ABOVE 3778 WILL OPEN THE FOLLOWING BULLISH TARGET
3811 - - DONE
EMA5 CROSS AND LOCK ABOVE 3811 WILL OPEN THE FOLLOWING BULLISH TARGET
3845 - DONE
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week as our 1H chart idea played out exactly as analysed. We started the day with our Bullish target 3780 hit, followed by the ema5 cross and lock opening 3802, which was also hit perfectly. We then had a further ema5 cross and lock opening the final target on this chart idea 3825, which was now hit, completing this chart idea beautifully. ✅
This 1H chart idea is now complete. Please review our 4H chart, daily and weekly chart ideas for a continuation on tracking the movement
Previous 1H Chart Outlook
We were seeing price play between two weighted levels with a gap above at 3780 and a gap below at 3753. We expected an ema5 cross and lock on either weighted level to determine the next range. Levels were tested side by side until one of the weighted levels broke and locked to confirm direction.
BULLISH TARGETS
3780 ✅ Hit
3802 ✅ Hit
3825 ✅ Hit — chart idea completed
As always, we’ll keep you all updated throughout the week with active setups and management. Thank you for your continued support with likes, comments, and follows, it means a lot!
Mr Gold
GoldViewFX
Hellena | GOLD (4H): LONG to support area of 3950.had to revise the vision of this upward movement a little bit. Because there was no deep correction, I think that the ascending wave “3” (blue) is now completed. Earlier I thought it was completed, but we didn't see the “4” correction.
At this point, I think that the price will reach the resistance area of 3950, completing either the continued wave “3”, or after the correction of 3791, the wave “5” will be completed.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold Continues to Show Strength👋Hello everyone, what do you think about the current trend of OANDA:XAUUSD ?
Yesterday, the market received an important piece of news: the JOLTS data showed 7.23 million job openings in the U.S., surpassing the forecast of 7.19 million and slightly higher than the previous figure of 7.21 million.
In response to this information, gold initially experienced a temporary pullback but quickly regained momentum. Despite the somewhat negative impact on gold due to this data, it reaffirms XAUUSD's position as a safe-haven asset.
As of the time of writing, XAUUSD continues to test new highs, with the price currently trading around 3,865 USD. The short-term outlook remains supported by technical factors. As long as the support levels hold, I remain optimistic and target higher levels, with 3,900 USD being the first psychological level.
What do you think about the trend of XAUUSD? 💬Feel free to share your thoughts in the comments!
Gold can Bounce From Channel Support and Continue HigherHello traders, I want share with you my opinion about Gold. The market context for Gold has been firmly bullish since the price action reversed its prior downward channel, a move that established the current, well-defined upward channel. This structure has been methodically guiding the price of XAUUSD higher through a clear sequence of higher highs and higher lows, confirming that buyers are in control of the dominant trend. Currently, after recently testing the channel's upper resistance line, the asset is undergoing a healthy corrective phase. This pull-back is guiding the price towards a critical confluence of support, where the ascending support line of the channel meets the horizontal support zone around the 3625 current support level. In my mind, this correction is an opportunity to join the uptrend. I expect that the price will find support on the channel's lower boundary and initiate a new upward rebound. I think this move will carry the price to a new high within the channel. Therefore, I have placed my TP at 3930 points. Please share this idea with your friends and click Boost 🚀
GOLD → Consolidation ahead of the news. Rise or fall?FX:XAUUSD is consolidating in the range of 3738-3759 in anticipation of US PCE inflation data, a key indicator for forecasting further Fed policy. Pressure on the metal is intensifying amid a strengthening dollar.
The revision of GDP growth in Q2 to 3.8%, a decline in jobless claims, and an increase in durable goods orders have lowered expectations for aggressive Fed easing.
The new tariffs imposed by Trump have supported demand for defensive assets, but have not been able to offset the pressure from the rise of the USD.
The overall fundamental backdrop is stagnant amid Powell's uncertain stance and the start of a rate cut cycle. The market reaction is mixed...
Gold is in wait-and-see mode. Strong PCE data could send the price to support at $3700, while weak data could bring back interest in record highs.
Resistance levels: 3754, 3759, 3776
Support levels: 3738, 3728, 3703
Technically, the price is storming the resistance of the downward correction and the resistance of the “triangle” consolidation. A breakout and close above 3754-3759 will confirm the bullish sentiment, which could trigger growth towards the ATH. Otherwise, we can expect a retest of 3738-3728 before a possible rise.
Best regards, R. Linda!
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Not bad at all! We got a decent trade early session on the hot spots and Excalibur, only then to have a quiet session while we waited for the right set up, got the break we wanted and we managed to complete most of the targets downside.
Ideally, we want to see more of a move down but the volume just doesn't seem to be there and sentiment is neutral, so they will want to hover over the session to come.
We have support below at the 3735 level and resistance above 3755. There is a level here however that needs to hold which is 3743, and unless broken upside, we would like to see this attempt that lower level again.
In order to go back up, we need to break above the 3760 bias level so caution is needed.
RED BOXES:
Break below 3750 for 3739✅, 3728✅, 3720 and 3710 in extension of the move
As always, trade safe.
KOG
Gold 30Min Engaged ( Bearish Reversal Entry Detected )Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸Bearish Reversal - 3774
➗ Hanzo Protocol: Volume-Tiered Entry Authority
➕ Zone Activated: Dynamic market pressure detected.
The level isn’t just price — it’s a memory of where they moved size.
Volume is rising beneath the surface — not noise, but preparation.
🔥 Tactical Note:
We wait for the energy signature — when volume betrays intention.
The trap gets set. The weak follow. We execute.
XAU/USD: Strong Rebound After Testing $3,720 SupportHello everyone, let’s take a closer look at gold (XAU/USD) after the latest market moves.
At present, gold is undergoing a mild pullback from $3,748, though the primary trend remains bullish after testing the key support area at $3,720. Following the strong upward rally, profit-taking emerged as price touched resistance around $3,750, making this a natural correction.
The $3,720 support zone, reinforced by a Fair Value Gap (FVG), strengthens the likelihood of a rebound. Price action remains above the Ichimoku Cloud (Kumo), confirming that the main bullish trend is intact and the cloud continues to act as a dynamic support in case of further corrections.
On the macro side, persistent economic and geopolitical uncertainty supports safe-haven demand, which could drive gold prices higher if volatility increases.
After testing $3,720, gold is expected to recover strongly towards $3,750 and $3,800. A decisive break above these levels may open the path to $3,850.
Do you think gold will be able to break $3,800 in the coming sessions?
Gold's Crisis Pattern: The Liquidation Before the Flight TVC:GOLD Crisis Pattern: The Liquidation Before the Flight
Why Gold May Fall 25% Before Its Greatest Bull Run Yet
While everyone expects gold to rally during the next crisis, history suggests something different: gold gets sold first, bought later. At $3,790, FX:XAUUSD may be setting up for its most painful - and ultimately profitable - cycle yet.
Think of TVC:GOLD like a life preserver on a sinking ship. When panic first strikes, people throw everything overboard to stay afloat - even their life preservers. Only when they're drowning do they realize what they really need.
The Crisis Liquidation Pattern
2000 Dot-Com Crisis:
Pre-crisis peak: $326
Initial drop: -21%
Crisis bottom: $255
Ultimate recovery: +650% over 11 years
2008 Financial Crisis:
Pre-crisis peak: $1,033
Initial drop: -34%
Crisis bottom: $680
Ultimate recovery: +180% over 3 years
2020 COVID Pandemic:
Pre-pandemic peak: $1,696
Initial drop: -15%
Bottom-to-recovery: +43% over 2 years, +160% over 5 years
Key Distinction: Some will point to 2020, when TVC:GOLD rallied during the COVID crash. But that was a unique exogenous shock - the selloff lasted only weeks before unprecedented stimulus and collapsing real yields drove gold to new highs. In contrast, financial-system crises like 2000 and 2008 forced TVC:GOLD into year-long corrections before its hedge role reasserted. The 2025 setup looks far closer to those financial crises than to 2020's pandemic shock.
2025 Projection:
Current peak: $3,790 (I think top already - might be wrong ) ✓
Expected initial drop: -20 to -25%
Target bottom: $2,800-3,000
Long-term recovery target: $6,500+ by 2030
Why VELOCITY:GOLD Falls During Liquidity Crises?
The Margin Call Cascade
When leveraged positions blow up, investors sell what they can, not what they want to. TVC:GOLD , being liquid and unencumbered, becomes emergency cash.
The Three-Phase Liquidation:
Phase 1: "This is just a correction" - Hold everything
Phase 2: "I need cash now" - Sell winners (including gold)
Phase 3: "The system is broken" - Buy gold as currency hedge
Think of it like a house fire: you don't grab the fire extinguisher first, you grab your wallet. Only after you're safe do you wish you'd saved the fire extinguisher.
What Makes 2025 Different?
Unprecedented Starting Point
CAPITALCOM:GOLD at all-time highs vs. GDP ✓
Central bank buying at record levels
Retail ownership through ETFs at maximum
More holders means more potential sellers
The AI Deflation/Monetary Inflation Paradox
AI driving productivity gains (deflationary)
Debt levels requiring monetary expansion (inflationary)
Gold benefits from the monetary side, but falls in initial deflationary shock
Geopolitical MCX:GOLD1! Demand vs. Financial Selling
Central banks want VELOCITY:GOLD for de-dollarization
But financial stress forces private selling first
Result: Temporary oversupply before structural shortage
The Crisis Timeline for Gold
Stage 1: The Setup (Now - Q4 2025)
CMCMARKETS:GOLDZ2025 Price Action: Sideways to slight decline
Strong dollar pressure
Real yields rising with Fed cuts
Still viewed as "risk asset" by algorithms
Target Range: $3,400-3,600
Stage 2: The Liquidation (Q4 2025 - Q2 2026) TVC:GOLD Action: Sharp 20-25% decline
Forced selling from leveraged funds
ETF redemptions as retail panics
Dollar TVC:DXY strength peaks
Target Bottom: $2,800-3,000
Stage 3: The Recognition (Q2 2026 - Beyond) TVC:GOLD Action: New bull market begins
Currency debasement fears return
Physical shortage becomes apparent
Central bank buying accelerates
Ultimate Target: $6,500+ by 2030
Key Indicators to Watch
Immediate Danger Signals:
TVC:GOLDSILVER ratio above 90(April 2025 100+) (currently 84 - expect further decline) ✓
Dollar Index TVC:DXY climbs higher towards 110
TVC:US10Y 10-year real yields above 4% (currently 4.17%)✓
Crisis Confirmation:
TVC:GOLD falls below $3,200 on volume
Mining stocks crash 40%+
Central bank buying announcements increase
Physical premiums start expanding
Recovery Signals:
Dollar TVC:DXY weakening below 105
Fed pivots to QE
Inflation expectations rising
TVC:GOLDSILVER Gold/Silver ratio normalizing
The Bigger Picture: Why This Sets Up Gold's Greatest Run
Structural Drivers Post-Crisis:
Debt Monetization: $30+ trillion deficits requiring QE
Currency Competition: Digital currencies vs. physical gold
Supply Constraints: Peak gold production reached
Generational Shift: Millennials discovering gold after getting burned in "everything bubble"
Historical Precedent:
After every major financial crisis, gold enters its strongest bull market:
Post-1971: +2,300% over 9 years
Post-1999: +650% over 11 years
Post-2008: +180% over 3 years
Post-2025: Targeting +150-200% over 5-7 years
Risk Management
This Analysis Fails If:
Fed pivots to massive QE immediately (before crisis)
Fiscal stimulus exceeds $3 trillion rapidly
Dollar collapses before financial crisis hits
War/geopolitical crisis becomes primary driver
Probability Assessment:
65%: VELOCITY:GOLD falls to $2,800-3,200 range before rallying
25%: TVC:GOLD holds above $3,400 and rallies immediately
10%: CMCMARKETS:GOLDZ2025 crashes below $2,500 in systemic crisis
Conclusion: The Pain Before the Gain
TVC:GOLD 's crisis pattern is counterintuitive but consistent: liquidation before allocation. The coming correction may be the last chance to accumulate gold before its transition from investment to monetary asset.
Like Warren Buffett said: "Be greedy when others are fearful." When gold is getting panic-sold alongside everything else, that's when the foundation for the next great bull market gets built.
The fire sale is coming. Are you prepared to buy?
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Past performance does not guarantee future results. Always conduct your own research and consult with financial professionals before making investment decisions.
DAILY CHART UPDATEDaily Chart Update – Follow Up
3776 & 3866 Targets Achieved!!
Previously, we highlighted the importance of a candle body close above 3683, which opened the gap toward 3776. That target was achieved with precision, and now we’ve also seen the move extend into the final daily target of 3866, exactly as projected.
What an amazing day on the chart, With the 3866 completion now in DONE, our attention shifts to what comes next:
🔹 Continuation Breakout Scenario – A sustained break and close above 3866 will confirm further bullish expansion, meaning we’ll need to update our upside levels in the next update.
🔹 Rejection Scenario – A failure to hold above 3866 could invite a pullback, with lower Goldturns being tested for support and potential bounce opportunities.
Current Outlook
✅ 3683 Target Reached
Our breakout sequence played out with precision, starting from the EMA5 lock above 3564 and extending to complete the 3683 objective.
✅ 3776 Target Completed
Last week’s price action delivered the full upside into 3776, confirming the breakout momentum.
✅ 3866 Final Daily Target Hit
Today’s action completed the 3866 objective exactly as anticipated. The next update will guide whether this evolves into further continuation or a corrective pullback.
Updated Key Levels
📉 Support – 3776 & 3683
📉 Deeper Support – 3564 & 3433
📉 Pivotal Floor – 3272
📈 Resistance / Next Upside Objective – Awaiting new levels above 3866 (on confirmed breakout continuation)
As always, we’ll continue to keep you updated with regular insights throughout the week and show how we manage these active ideas and setups. Thank you all for the continued support, likes, and feedback – it’s truly appreciated!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see update on our 4H chart idea from last week, which is playing out as analysed and still valid to continue to track for the coming week.
After completing our Bullish targets last week with ema5 cross and lock confirmation, we are now seeing price play between 3738 and 3778. . We will need to see ema5 cross and lock on either of these two weighted level to determine the next range.
We will also now use lower Goldturns for support and Bounce until we see further cross and lock above for a continuation.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3696 - DONE
EMA5 CROSS AND LOCK ABOVE 3696 WILL OPEN THE FOLLOWING BULLISH TARGETS
3738 - DONE
EMA5 CROSS AND LOCK ABOVE 3738 WILL OPEN THE FOLLOWING BULLISH TARGET
3778 - DONE
EMA5 CROSS AND LOCK ABOVE 3778 WILL OPEN THE FOLLOWING BULLISH TARGET
3811 -
EMA5 CROSS AND LOCK ABOVE 3811 WILL OPEN THE FOLLOWING BULLISH TARGET
3845
BEARISH TARGETS
3655
EMA5 CROSS AND LOCK BELOW 3655 WILL OPEN THE FOLLOWING BEARISH TARGET
3615
EMA5 CROSS AND LOCK BELOW 3615 WILL OPEN THE FOLLOWING BEARISH TARGET
3583
EMA5 CROSS AND LOCK BELOW 3583 WILL OPEN THE SWING RANGE
3546
3509
EMA5 CROSS AND LOCK BELOW 3509 WILL OPEN THE SECONDARY SWING RANGE
3458
3409
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD → Correction before growth and breakthrough of 3900...FX:XAUUSD has reached a new high of 3895. The dollar is recovering from its decline, and gold may form a correction. As prices rise, economic risks associated with NFP and the US government shutdown are increasing
The suspension of NFP publication deprives the Fed and markets of a key benchmark for the labor market, increasing demand for defensive assets. The probability of a rate cut in October is estimated at 100%. Mixed JOLTS data (weak hiring) and fiscal risks are weighing on the USD, which in turn supports gold.
Thus, the shutdown creates ideal conditions for gold to rise — uncertainty about Fed policy, a weaker dollar, and a flight to safety. Breaking through the $3900 level seems a likely scenario.
Resistance levels: 3900, 3925
Support levels: 3871, 3854, 3831
A correction is forming after a small rally in the European session. Before continuing its growth, the market is entering a correction/consolidation phase. I have indicated the key support levels on the chart. If the bulls manage to keep the price above these zones, then we can expect continued growth in the short and medium term
Best regards, R. Linda!
Lingrid | GOLD Channel Breakout: Bullish Rally ContinuesThe price perfectly fulfilled my previous idea . OANDA:XAUUSD continues to show strong bullish structure after breaking out of the consolidation zone and retesting support. Price action is riding the upward channel with higher highs and a clean A-B-C movement confirming the trend continuation. As long as buyers defend the 3,850 zone, the next objective lies toward 3,950 inside the resistance zone. The overall momentum favors trend extension with potential new highs if the breakout sustains.
⚠️ Risks:
Failure to hold above 3,850 could trigger a pullback toward 3,800.
Unexpected USD strength from macro data may cap gold’s upside.
A reversal signal within the resistance zone could limit the bullish breakout.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
XAUUSD Long: Bullish Momentum to ContinueHello, traders! The price auction for XAUUSD has been in a strong bullish phase, confirmed by the establishment of a well-defined ascending channel. This uptrend was initiated after a breakout from lower levels and has shown significant strength by pushing through multiple prior resistance areas, including the 3470 DEMAND 2 and 3675 DEMAND levels, turning them into new support.
Currently, the price action is continuing its ascent within the upper portion of this ascending channel, indicating that the bullish initiative remains firmly in control. The market is in a clear expansion phase, with very little sign of significant selling pressure, suggesting that any pullbacks are likely to be minor and short-lived.
My scenario for the development of events is a direct continuation of the current bullish momentum. I believe that the price will only make a shallow correction from the current levels before the next impulsive wave higher begins. In my opinion, the underlying trend is strong enough to carry the price to a new high within the channel. The take-profit is therefore set at 3835 points, targeting the upper resistance line of the channel. Manage your risk.
TraderTilki Gold Play: Double Sell, One TargetGood morning, Traders
Back again with my gold analysis.
Right now, gold has a clear target at 3700. It’ll either reach it straight from the 3736 level, or after a move up to 3768.
I’m opening a sell from here, aiming for 3700. If price pushes up to 3768, I’ll open another sell there—same target, 3700.
Gold will absolutely hit 3700.
Once it does, I’ll update you again.
My friends, every single like from you is my biggest motivation to keep sharing these analyses.
Huge thanks to all of you who support me with your likes.