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GOLDMINICFD trade ideas

Gold on upswingTechnical analysis: As discussed on my previous commentary about fragile DX standard (right now it's few percents up) Gold is already giving new signs of Buying continuation (however it is important to keep Bullish underlying Medium-term trend on top of the importance list as well). Current Buying spike on Gold came as no surprise however Gold does not represent anymore (as it has been) sole hedge asset against Inflation, as current Trading week is projected to be Bearish for DX due NFP debacle (still without firm recovery and near Higher Low’s extension), hence Bullish and should be adding Buying pressure on Hourly 4 chart’s on Gold. Technically, I am certain also that Gold should Price in a Top here (temporary or not) since it is critically Overbought / if Support zone near Higher Low’s break and continuation of Technical Bearish perspective (once the Fundamental pressure is Priced in and digested by market where Price-action is expected to engage the correction). Taking all aspects in consideration and ignoring Technical necessity for a correction, I expect aggressive uptrend extension towards #3,700.80 psychological benchmark posing as an Higher High’s extension as well, if #3,652.80 - #3,662.80 Resistance zone gives away. If Support zone breaks however (#3,622.80 - #3,627.80), expect contact with #3,600.80 benchmark. My position: I am constantly using my dip Buying strategy and will continue Buying Gold from my key entry points (excellent Profits by now) Buying Gold from #3,630.80 many times throughout yesterday's session. #3,645.80 is keeping Gold away from touching #3,652.80 benchmark.
TVC:GOLDLong
by goldenBear88
Will gold prices continue to rise on September 8th? I. Fundamental Analysis The release of the US non-farm payroll data for August, released on Friday (September 5th), caused a significant market turmoil and provided strong fundamental momentum for gold's rise. The data was extremely weak: only 22,000 new non-farm payrolls were added, far below the expected 75,000. More notably, the June data was significantly revised downward to -13,000, indicating that the labor market's weakness is not a fluke but rather a trend of stalling. At the same time, the unemployment rate rose to 4.3%, the highest level since 2021, further confirming that the momentum of the US economy is slowing down. Expectations of a Fed rate cut have sharply increased: Such weak data has significantly strengthened market bets on a Fed rate cut. Currently, the market generally believes a September rate cut is a foregone conclusion, with the probability of a 25 basis point cut approaching 100%, and even discussions of a 50 basis point cut are emerging. This strong expectation of easing is the core driver of gold prices. Potential Risks and Uncertainties: While the prospect of a rate cut is positive, investors should remain vigilant to potential uncertainties. Inflationary pressures have not yet been fully overcome. If the CPI data released next week unexpectedly rises, it could constrain the Fed's easing efforts. Furthermore, the outlook for the US election and related tariff rhetoric could create new inflationary uncertainties, limiting gold's short-term upside potential. Fundamental Conclusion: The non-farm payroll data has solidified strong market expectations for a rate cut, creating an overall environment that is extremely bullish for gold. Any weak or dovish economic data would boost gold prices, while an unexpected rebound in inflation could trigger short-term volatility. II. Technical Analysis Trend Positioning: Gold is currently in a strong, unilateral upward trend, with the overall technical structure intact and targeting all-time highs. Key Support (Long-Term Support): The 5-day moving average has now moved up to the 3545-3550 area. This is the first key support level maintaining the extremely strong short-term trend. As long as gold prices close above this moving average, the upward trend will remain intact. Even if there is a false move to break down this position during the trading session (to lure a short), there is no need to panic as long as the price can be recovered in the end. 4-Hour Bollinger Band Middle Line: Currently moving up to around 3555. This level is the watershed between short-term bullish and bearish strength. If the middle line holds, prices will maintain a relatively strong upward trend. A break below it could trigger a deeper correction, but this will provide a better opportunity to "get on board" for further gains. Key Resistance: The upper short-term target resistance level is 3600-3610, a key area to overcome in the near term. A break above will open up further upside potential. Technical Conclusion: The technical pattern resonates with the fundamentals, indicating a clear bullish trend. Operationally, the key strategy should be to follow the trend, focusing on looking for opportunities to buy at low levels. III. Trading Strategy for Next Week Key Strategy: Focus on buying on dips to lows, and be cautious about rallies to higher levels. Long Strategy (Main Strategy): Ideal Long Range: 3560-3570. If gold prices pull back into this range and show signs of stabilization (such as a pin bar or bullish engulfing candlestick on the 4-hour chart), this could be considered a good dip-buying opportunity. Aggressive long position: around 3555 (4-hour middle candlestick). As long as this support holds, it can be considered an entry point during a strong rally. Stop-loss: Recommended stop-loss: Below key support, around 3540. Targets: First target: 3600; second target: 3610 or above. Short strategy (secondary strategy): Only when gold prices first rebound to the strong resistance zone of 3600-3610 and show clear signs of resistance (such as a long upper shadow or bearish engulfing candlestick), consider a short-term short position with a small position, entering and exiting quickly to capitalize on a technical pullback. Remember: Shorting against the trend is risky, so strictly control your position size and stop-loss (place the stop-loss above 3615). The core strategy remains to go long with the trend. Risk Warning: Pay close attention to next week's US CPI data, as its results could trigger a market repricing of the extent of the Fed's interest rate cuts, causing significant gold price fluctuations. Investors are advised to manage their positions prudently and exercise effective risk control.
FOREXCOM:XAUUSDLong
by FX_Gold_Mastermind
XAU/USD Intraday Plan | Support & Resistance to Watch |08/09/25Gold is trading around $3,612, extending higher after a clean break above the $3,594 resistance, now turned short-term support. If bulls sustain pressure above $3,594, upside targets open toward $3,617 a clean hold above could open $3,630, followed by $3,644. Failure to hold above $3,594 could invite a retest of the $3,564 pullback zone, where the 50MA aligns, making it a key decision area. A deeper correction would expose $3,532 → $3,501 (Support Zone), which is critical to maintain the bullish structure. 📌 Key Levels to Watch Resistance: $3,617 $3,630 $3,644 Support: $3,594 $3,564 $3,532 $3,501 $3,471 🔎Fundamental Focus – Week Ahead This week is packed with key U.S. inflation data: Wednesday: Core PPI & PPI Thursday: Core CPI, CPI y/y, and Jobless Claims Friday: University of Michigan Consumer Sentiment & Inflation Expectations ⚠️ Note: Expect heightened volatility midweek into Friday, especially around CPI and inflation expectations. The daily structure remains strongly bullish, with price trending well above key moving averages. However, after such a steep rally, the risk of a pullback or profit-taking phase is elevated. Short-term dips into support zones are likely to attract buyers as long as gold holds above $3,500.
OANDA:XAUUSD
by azgoldtrader
Market Context🔹 Market Context - H1 structure remains Higher High – Higher Low - Price has just broken above 3560 (previous VAH) - Now accumulating above 3575–3585, potentially forming a short-term distribution zone - High chance of a short pullback to support zone before continuing the bullish trend 📌 Scenario 1: SHORT at 3585–3590 (short-term reaction only) 🔹 Conditions: - Price reacts at 3585–3590 - Bearish engulfing or pin bar on M15 - Weak breakout volume or RSI divergence 🔹 Logic: - Retest of recent swing high → profit-taking likely - This is short-term VAH on volume profile 🎯 Entry: 3585–3590 🎯 Target: 3535 (POC) 🛡 SL: Above 3600 📌 Scenario 2: BUY pullback at POC 3530–3535 🔹 Conditions: - Price pulls back to 3530–3535 with bullish confirmation (M15 Engulfing) - signs of recovery 🔹 Logic: - This is the Point of Control → strong volume support - Fits “buy the dip” in bullish structure 🎯 Entry: 3530–3535 🎯 Target: 3580–3590 🛡 SL: Below 3520 📌 Scenario 3: BUY at LVN 3508–3515 (scalp idea) 🔹 Conditions: - Fast drop + strong candle reaction on M15 - Aligns with rising H1 trendline 🔹 Logic: - This is a Low Volume Node → high probability bounce zone - Strong support within bullish momentum 🎯 Entry: 3510–3515 🎯 Target: 3550 🛡 SL: Below 3500 📌 Scenario 4: BUY on breakout & retest 3590–3600 🔹 Conditions: - Strong breakout above 3590 with volume - Retest 3590–3595 with bullish candle 🔹 Logic: - Breakout of recent resistance → continuation signal - Aligned with bullish trend 🎯 Entry: 3590–3595 (on retest) 🎯 Target: 3620 🛡 SL: Below 3580
OANDA:XAUUSD
by TraderX_68
XAUUSD IDEATrade Plan – Bullish Setup on 1H Fair Value Gap (FVG) Price is approaching a key 1-hour bullish Fair Value Gap (FVG) near 3573.39. The strategy is to wait for confirmation before entering long. ✅ Entry Criteria: Wait for a bullish Change of Character (CHoCH) on the 3M or 5M timeframe. Confirmation requires a candle body close above the CHoCH level. After confirmation, anticipate a retest of the 3M/5M CHoCH or FVG zone as an optimal entry point. 🎯 Targets: Primary Target (TP1): 3620 (partial take-profit) Final Target (TP2): 3650 🛡️ Stop Loss Placement: Conservative SL: Below the 1H FVG low (3573.39) Aggressive SL: Below the most recent 3M/5M swing low formed before CHoCH 📌 Key Levels: 1H Bullish FVG: 3573.39 Target Zone: 3620 3650 ⚖️ Risk Management & Confluence: Ensure position size fits your risk parameters ( 1–2% of account). Confirm alignment with higher timeframe bullish structure before execution.
FXOPEN:XAUUSD
by FOREXRSMV
Best Trend-Following Price Model For Gold XAUUSD Trading In this article, I will show you a powerful chart setup for profitable trend following trading Gold. I will break down how it works with examples. Here is how this price model looks: It is based on 5 important conditions that should be strictly met. 1 - Gold should trade in a global bullish trend. The price should consistently update Higher Highs HH and Higher Lows HL. 2 - Higher Lows should respect a rising trend line, acting as a support. It should be respected by at least 3 consequent bullish movements from that. 3 - After a formation of a high above a trend line, the price should start a correctional movement in a minor trend in a bullish flag pattern. It can be a horizontal, parallel or expanding channel. 4 - Correcting, Gold should test a major rising trend line, being within a flag. 5 - A bullish movement should initiate after a trend line test and the price should break and close above a resistance line of a flag. When all these 5 conditions are met, we can expect a bullish movement on Gold at least to a level of a current high from where a correction started. A broken resistance line of a flag and a major rising trend line will compose a safe zone to buy Gold from. The best time frame for this model will be a daily. Let's study a real example of such a price model on Gold chart on a daily. Examine a price chart of Gold on a daily time frame above. All 5 conditions are met, and we can anticipate a rise to the underlined red resistance. Our buy zone will be based on a broken resistance of the flag and a major rising trend line. You can see that our goal was successfully reached. Here is the proof - This price model will help you to predict strong bullish waves , trading Gold. A simple combination of a trend analysis and a price action are the 2 basic components that you need to study to identify that properly. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
6
GOLDAverage Hourly Earnings (m/m): Expected to rise by 0.3%, unchanged from previous. Non-Farm Employment Change: Forecast at 75,000 new jobs, slightly above last month's 73,000. Unemployment Rate: The latest figure is expected today but the forecast is not provided here. How the US Dollar (USD) Might React to the Data: If the data exceed forecasts (stronger jobs growth, higher hourly earnings, lower unemployment): This signals a robust labor market and potential inflationary pressure. The Federal Reserve might maintain or raise interest rates to prevent overheating. The USD would likely strengthen as higher rates attract foreign capital and boost demand for the dollar. If the data come in weaker than forecasts (slower jobs growth, stagnant or falling earnings, higher unemployment): This suggests economic slowdown and reduced inflation risks. The Fed may consider cutting or pausing rate hikes to support growth. The USD would likely weaken as interest rate expectations decline and capital flows out. Summary: Positive labor data generally boost USD. Negative labor data generally weaken USD. Market reaction depends on how results influence the Fed’s monetary policy outlook. If the actual unemployment rate is also released, I can provide an updated interpretation of its impact on the dollar.Here are the current US labor market data forecasts: Average Hourly Earnings m/m: 0.3% (previous 0.3%) Non-Farm Employment Change: 75,000 (previous 73,000) Unemployment Rate: Expected today (forecast not specified) How the USD Could React: If actual data are greater than forecasts (e.g., stronger job gains, higher wage growth, lower unemployment), this signals a robust economy that could sustain Fed rate hikes or reduce the chance of cuts. The US dollar would likely strengthen as investors anticipate higher interest rates attracting capital inflows. If actual data are less than forecasts (e.g., weaker job growth, flat wages, higher unemployment), it could indicate economic slowing and potential Fed easing. In this scenario, the US dollar would likely weaken as expectations shift toward lower interest rates or rate cuts. The reaction depends on how these labor indicators influence market expectations around Fed monetary policy. Strong labor data usually support a firmer USD, while weaker data lead to a softer USD. If the exact unemployment rate number releases, I can update the analysis further.Here are the current US labor market data forecasts: Average Hourly Earnings m/m: 0.3% (previous 0.3%) Non-Farm Employment Change: 75,000 (previous 73,000) Unemployment Rate: Expected today (forecast not specified) How the USD Could React: If actual data are greater than forecasts (e.g., stronger job gains, higher wage growth, lower unemployment), this signals a robust economy that could sustain Fed rate hikes or reduce the chance of cuts. The US dollar would likely strengthen as investors anticipate higher interest rates attracting capital inflows. If actual data are less than forecasts (e.g., weaker job growth, flat wages, higher unemployment), it could indicate economic slowing and potential Fed easing. In this scenario, the US dollar would likely weaken as expectations shift toward lower interest rates or rate cuts. The reaction depends on how these labor indicators influence market expectations around Fed monetary policy. Strong labor data usually support a firmer USD, while weaker data lead to a softer USD.
FOREXCOM:XAUUSDLong
by Shavyfxhub
GOLD OUTLOOK SEP5Market Structure 1. The broader structure remains bullish, with consecutive BOS (Break of Structure) confirming upward momentum. 2. After printing a high near 3580, price pulled back, creating a corrective move that tapped into lower demand zones. 3. Currently, price is consolidating around 3555 - 3560, suggesting indecision before the next leg. Trading Scenarios Bullish Scenario (Buy Setup) - If price retraces to 3535 - 3540 or deeper into 3520 - 3525 demand, watch for a bullish ChoCH on lower timeframes (M5-M15). - This would confirm buyers re-entering the market. - Entry Condition: Bullish ChoCH + rejection wicks or FVG fill. Bearish Scenario (Sell Setup) - If price rallies into 3570 - 3580 and prints a bearish ChoCH (liquidity sweep + rejection), shorts can be taken. - Entry Condition: Bearish ChoCH + imbalance rejection. 📝 The market is still in a bullish trend, but currently ranging between 3540 - 3580. The best setups are either longs from demand (3535-3525) with bullish confirmation or shorts from supply (3570-3580) with bearish confirmation.
OANDA:XAUUSD
by michael_gold
2
Gold SeLL NOW XAUUSD SELL @ 3650.5–3655.5 XAUUSD – Bearish Setup at 3650.5–3655.5 | Reversal Zone Play Gold has entered a high-probability reversal zone between 3650.5–3655.5, aligning with the recent all-time high rejection zone and momentum exhaustion. Price action shows signs of a liquidity grab, followed by bearish divergence and fading volume—ideal conditions for a tactical short. 📌 Trade Parameters - Entry Zone: 3650.5–3655.5 - Stop Loss: 3657.5 (above liquidity wick) - Take Profit: 3646 (first support zone) - Risk/Reward: ~3:1 📊 Technical Confluence - Rejection from ATH PRZ (Potential Reversal Zone) - Bearish divergence on RSI - MACD histogram fading after parabolic move - Volume drop on bullish candles - Intraday structure shifting to lower highs 💬 Trade Narrative Gold surged into the 3650+ zone but failed to hold, suggesting a false breakout and liquidity sweep. This setup targets a retracement toward 3646, with tight risk above 3657.5. If price breaks below 3649, expect acceleration toward deeper support zones. Fundamentals remain volatile with CPI data and Fed rate expectations in play. This trade favors short-term tactical execution with disciplined risk control. 📣 Trader’s Note: Watch for confirmation on lower timeframes (15M/1H). If price breaks below 3649 with volume, consider scaling in or trailing stop. Setup invalidated if bulls reclaim 3658+ with strength.
FXOPEN:XAUUSDShort
by TradingHub_FX_crypto
1
Gold prices are expected to enter a period of volatilityGold prices are expected to enter a period of volatility; buy on dips. Today's Consumer Price Index report paints a complex picture, with both "sticky inflation" and a cooling economy. Inflationary pressures remain, and signs of an economic slowdown are intensifying. Overall, inflation was in line with expectations: while slightly higher month-over-month, both the year-over-year and core CPI figures were fully in line with market expectations and avoided an uncontrolled upward trend, giving the Federal Reserve some breathing room. Gold prices are likely to remain volatile ahead of next week's Federal Reserve meeting. The market has largely priced in a September rate cut, and gold has seen significant gains in the past. A new catalyst or clearer signal is needed for a breakout. The Fed's impending rate-cutting cycle provides the strongest support for gold. Technical Analysis: Today, gold prices are focusing on key support around 3600-3610. The trading strategy is primarily based on a volatile market. SELL:3635-3640 SL:3648 TP:3625-3620 BUY:3615-3620 SL:3608 TP:3640-3650
OANDA:XAUUSD
by Isla_Suri202509
XAUUSD – Can Gold Extend Towards New All-Time Highs?XAUUSD – Can Gold Extend Towards New All-Time Highs? Good day Traders, During today’s Asian session, gold once again demonstrated solid buying interest. A confirmed break above 3658 would mark a significant resistance level, reinforcing the case for further continuation of the bullish trend. Technical Outlook The Fibonacci 2.618 extension has already produced a reaction, though in my assessment, liquidity in this zone has not been fully exhausted. This raises the prospect of another upward move to complete the liquidity sweep before any meaningful correction unfolds. Given that today is Friday, a corrective pullback remains possible, as the market may look to rebalance flows and close the weekly candle at a comparatively lower level. On the downside, a sustained break below the 3613 support would provide clearer confirmation of bearish momentum developing. Trading Considerations Selling Zone: Around 3688 (Fibonacci 2.618). A protective stop of approximately 6 dollars is advisable. Buying Zone: Around 3558, with a suggested stop of roughly 8 dollars. This area offers potential for a more extended upward move in line with the broader trend. Alternative Scenario: Should price close decisively beneath 3613, immediate short exposure would be justified as downward momentum takes hold. This is my current outlook on gold for today. Traders are encouraged to align this perspective with their own analysis and apply disciplined risk management.
OANDA:XAUUSDShort
by BrianLionCapital
Will gold continue to rise on September 11th? I. Core View Gold is currently in a high-level oscillation pattern within a bullish trend. The market is driven by expectations of rate cuts, but it faces short-term technical correction pressure. The strategy is to primarily follow the trend and buy on dips, but be vigilant about the gains and losses of key support levels. A break below this level could signal a deeper correction. II. Fundamental Analysis (News): Main Driver (Bullish): Weak non-farm payroll data reinforces market expectations of a Fed rate cut, which is the core fundamental driver supporting gold. Expectations of a rate cut have weighed on the US dollar and US Treasury yields, increasing the appeal of interest-free gold. Potential Risks (Bearish): A rebound in the US dollar and US Treasury yields: Both rebounded from recent lows, exerting short-term pressure on gold prices and causing some caution among bulls. Key Data Outlook: The market is closely watching today's US CPI (Consumer Price Index) data. This data will significantly influence the market's final pricing of the Fed's policy at next week's meeting, potentially triggering significant volatility. If the CPI falls short of expectations, it will reinforce expectations of a rate cut and drive gold prices higher. If the CPI rises above expectations, it may weaken expectations of a rate cut, leading to a rebound in the US dollar and pressure on gold prices. III. Technical Analysis Daily Chart: Trend: The overall trend remains bullish, but yesterday's high hammer candlestick close is a cautionary tale, suggesting weakening upward momentum and the possibility of a weakening trend or correction. Key Support: Absolute Stronghold: 3600 (5-day moving average). If this level holds, the market will maintain its strong momentum. Bull Lifeline: 3550 (10-day moving average). If this level holds, the overall bullish trend remains unchanged. 4-Hour Chart: Signal: The Bollinger Bands are closing, and the moving average has been broken, indicating a shift from a one-way uptrend to high-level fluctuations in the short term. Bull-Bear Dividing Point: The 4-hour Bollinger Middle Band (roughly in the 3620-3630 area). If it falls below here, the short-term support will be sought further downwards (3600). Key Positions: Upper Resistance: 3660 (previous high), 3675 (historical high). Support below: 3620-3630 (intraday bull-bear battle point), 3600 (strong dividing line), 3550 (trend support level). Today's strategy: Focus on buying on dips and shorting on rebounds. Focus on directional breakthroughs brought by CPI data. 1. Long Strategy (Main Strategy): Aggressive Long: If the gold price stabilizes in the 3625-3630 area (4H Bollinger middle band support), try a small long position with a stop loss at 3615 and a target of 3650-3660. Conservative Long: If the gold price stabilizes in the 3600-3605 area (daily 5-day moving average support), enter a long position with a stop loss at 3590 and a target of 3625-3635. If it breaks above, hold and aim for 3650. 2. Short Strategy (Supplementary Idea): If gold prices rebound to the 3660-3665 resistance zone for the first time and then stagnate (under pressure from previous highs), a light position can be used to test short positions, with a stop-loss at 3675 and a target of 3640-3630. Note: This strategy is intended only for short-term pullbacks. Risk is high during a strong trend, so enter and exit quickly. 3. Breakdown Strategies: Breakdown below 3600: If the price effectively breaks below 3600, the short-term strong trend will be broken. All long positions should be cautious or exited. Focus on support at 3550. Breakup above 3675: If the price breaks through the previous high, new upside potential will be created. Long positions can be followed by the trend, with a target of 3690-3700. V. Risk Warning Today's top priority: The release of the US August CPI data. Market volatility will be extremely high before and after the data is released. Investors are advised to reduce their positions or maintain short positions before the data release to mitigate the risk of uncertainty. Strictly set stop-loss orders to limit single losses and prevent significant losses from unexpected market fluctuations.
FOREXCOM:XAUUSDLong
by Golden_Compas
Head and shoulders/reverse cup 45 m TFTechnical Breakdown The chart is currently showing a possible reversal structure after a prolonged uptrend. Several key signals are aligning to suggest a bearish scenario: 1️⃣ Rising Trendline Break Price has been respecting an ascending trendline. Around point C (≈3470–3480), we are observing a potential breakout below the trendline, which may confirm the end of the bullish momentum. 2️⃣ Head & Shoulders Formation On the right side of the trendline, a Head & Shoulders pattern is forming. The neckline aligns closely with the breakout zone around C. A confirmed close below this area could trigger further bearish continuation. 3️⃣ Inverted Curve (Cup Top) The market has drawn an inverted rounding top structure (curve). The breakdown from point E (≈3525) projects a downside move equal to the depth of the curve (roughly 40–50 points). This sets a measured target in the zone around 3470 → 3420. --- ✅ Summary Scenario Confirmation Level: Break below C (3470–3480). Bearish Trigger: Failure at E (3525), activating the inverted curve. Targets: First: 3475 Second: 3455 Final: 3420 (equal to curve depth projection). This confluence of a trendline break, a Head & Shoulders, and an inverted rounding top strongly increases the probability of a trend reversal from bullish to bearish. --- 🔑 Important: As long as price stays below E (3525), the bearish scenario remains valid. A recovery above E would invalidate this setup.
OANDA:XAUUSDShort
by mmozafari1357
Focus on CPI, 3640, 3620 long and short key pointsThe market focuses on CPI data, and in the short term 3640-3660 becomes the dividing line between bulls and bears for gold. From the news perspective, due to the sharp decline in employment rate, the employment and economic environment in the United States have been affected, and a September interest rate cut is almost a foregone conclusion, which has prompted the recent continuous rise in gold prices. Whether the interim high of 3675 means that gold has peaked remains to be seen. From a technical perspective, gold rebounded yesterday to correct Tuesday's decline, reaching a high of around 3657 before continuing its technically bearish downward trend and retreating to around 3640. Today, gold's overall volatility in the Asian and European sessions was limited, with 3640-3660 forming a short-term upper pressure, also becoming the dividing line between bulls and bears. If the CPI data is bullish for gold, the first thing gold needs to do is to break through the short-term pressure of 3640-3660. Once it breaks through strongly and stabilizes above 3660, gold will continue to rise and is expected to set a new high of 690-3700. On the contrary, if the CPI unexpectedly falls short, gold will only rebound tentatively but will be unable to break through the short-term suppression of 3640-3660, then the bears will officially counterattack and the market will briefly bid farewell to the bulls. A break below 3600 would target the key support level of 3580. In summary, focus on the 3640-3660 resistance level and the 3620-3610 support level. If the European session sees a pullback to support without a break, a small, light position can be considered, For cautious traders, it's advisable to set the stop-loss order with a buffer of $3-5, depending on their account size.with a potential profit target of $10-$30. More conservative traders can wait for the CPI data before entering a trade.
OANDA:XAUUSDLong
by Allen_Boswell
XAUUSD - CPI and Unemployment Claims Support Gold!The XAUUSD chart on the 4-hour timeframe shows a strong upward trend, with gold continuously making higher highs and higher lows within an ascending price channel. The support level at $3,608.000 is solid, and if the price breaks the resistance at $3,720.000, the next target could be $3,760.000. Today's CPI data shows that core CPI m/m and CPI month-over-month both increased by 0.3%, higher than the previous month's forecast of 0.2%. This could fuel expectations that the Fed will maintain a high-interest-rate policy, strengthening the USD and potentially putting pressure on gold. However, the actual unemployment claims were 237K, close to the forecast of 235K, suggesting that the economy remains stable but not strong enough to push the USD higher, which continues to support gold. Despite the rising CPI data, the stability in unemployment claims keeps gold in an upward trend. Therefore, the Buy strategy remains the priority. Be patient and manage risk carefully when entering trades!
OANDA:XAUUSDLong
by Morad762025
Action To Gold 11 Sep 20251. Market Structure (Elliott Wave) The chart shows Elliott Wave labeling: Wave (i), (ii), (iii), currently in corrective wave (iv). Next expectation: continuation down into wave (v). 2. Key Fibonacci Levels Wave (iv) retracement already tested the 0.618 – 0.786 Fibo retrace zone (3625 – 3620). Potential wave (v) downside targets: 1.272 Fibo extension → 3606 1.414 Fibo extension → 3601 1.618 Fibo extension → 3595 3. Trade Confirmation Current price: 3631. Already showing rejection around wave (iv). Confirmation needed: Bearish candle close below 3625 (0.618 Fibo) → signals start of wave (v). 👉 Possible trade setup: Sell Entry: 3628–3635 (retracement zone of wave iv). Stop Loss: Above swing high wave (iv) = ~3643. Take Profit targets: TP1 = 3614 (Fibo 1.0) TP2 = 3606 (Fibo 1.272) TP3 = 3595 (Fibo 1.618) 4. Alternative Scenario (Invalidation) If price breaks & closes above 3643, wave (iv) is invalidated. Market could aim higher retracement levels (3657 – 3674). 📌 Trading Plan Summary Status: Wait for bearish confirmation candle close below 3625. If confirmed → Open Sell with SL 3643, TP range 3614 → 3595. If price breaks 3643 → cancel sell setup, reassess structure.
FX:XAUUSDLong
by BgAjie