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Weekly Technical Analysis of the XAU/USD (Gold vs. Dollar)Weekly Technical Analysis of the XAU/USD (Gold vs. Dollar) Weekly Scenarios Bullish scenario: Gold holds the ~$4,000 zone and breaks through ~$4,200 → next target in the range of ~$4,500–4,700. Consolidation: Price moves between ~$4,000 and ~$4,200, forming a base for the next impulse. Bearish scenario: Break below ~$4,000 with volume and a change in structure → possible decline to ~$3,900 or lower. ✅ Conclusion For the coming week, the technical picture for XAU/USD remains moderately bullish, but with a high degree of risk: Holding support at ~$4,000 and breaking resistance at ~$4,200 could trigger a significant rally. A break below ~$4,000 is a signal for caution and a potential correction. It's important for traders to react to volumes, breakout confirmations, and price behavior at designated levels.
ICMARKETS:XAUUSDLong
by Trade_Hive_Signals
XAU/USD 23 October 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remains the same as analysis dated 20 October 2025. Price has printed as per previous intraday expectation by printing a bearish CHoCH which indicates, but not confirms, bullish pullback phase initiation. Price is currently trading within an established internal range, however, I will continue to monitor price with regards to depth of pullback. Intraday expectation: Price to continue bearish, react at either discount of 50% internal EQ, or H4 supply zone before targeting weak internal high priced at 4,380. 990. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis and bias remains the same as yesterday's analysis dated 22 October 2025. Price has printed according to my analysis dated 20 October 2025 where I mention that price is to continue bullish, react at either premium of 50% internal EQ, or M15 demand zone, before targeting weak internal low priced at 4,185.910. Price has printed a bearish iBOS and subsequently a bullish CHoCH to indicate, but not confirm bullish pullback phase initiation. Price is now trading within an established internal range. Intraday expectation: Price to react at either premium of 50% internal EQ, or M15 demand zone, before targeting weak internal low priced at 4,004.280. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s tariff announcements, particularly against China, are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
ElDoradoFx PREMIUM – GOLD ANALYSIS (23/10/2025, ASIA SESSION)Gold (XAUUSD) closed NY around 4,098–4,102 after a constructive rebound from the 4,004–4,024 liquidity shelf. Into Asia, price is coiling just under 4,110–4,113 (intraday high / weak high on 5–15M) with rising short-term MAs beneath (4,083–4,085 cluster), while higher-timeframe EMAs remain overhead on H1/H4. Expect Asia to decide between a continuation leg toward 4,140/4,148 or a controlled pullback into the intraday fib zones before any further move. ⸻ 🔍 Technical Outlook Daily Chart (D1) • Strong two-day correction off 4,38x followed by attempt to print a rejection tail from 4,00x; macro uptrend still intact above 20/50-DMA. • RSI cooled to the mid-50s; room either side. • MACD histogram shrinking but still above baseline → corrective, not trend break. Bias: Corrective rebound inside a broader bullish trend. ⸻ 1H Chart (H1) • Clear rebound structure: swing L 4,004 → H ~4,113 then consolidation. • Price is testing a descending trendline and sits below H1 100/200 EMA band ~4,147–4,16x (yellow/white on your chart) → overhead supply remains. • RSI ~50 with positive slope; MACD turning up from deep negative, confirming recovery but not yet a trend flip. Intraday Bias: Mildly bullish while 4,083–4,085 holds; watch rejections near 4,113/4,140/4,148. ⸻ 15M Chart (M15) • BOS to the upside from the 4,024–4,030 base; pullbacks bought at 4,096–4,100. • Current range: 4,096–4,113 with overhead liquidity beacons 4,130 → 4,140. • MACD green, RSI ~60 → momentum positive but slowing under trendline. Short-term View: Bullish bias to resistance; pullback likely if 4,113 fails. ⸻ 5M Chart (M5) • Micro down-sloping resistance from the 4,110 peak; price holding above MA cluster 4,083–4,085 and the 5M mid-band ~4,098. • MACD recently crossed down on 5M (loss of pace), but not yet a structural break. • A clean 5M close >4,112 typically runs stops to 4,130+. ⸻ ✨ Fibonacci Golden Zone Last confirmed H1 impulse: Low 4,004 → High 4,113 • 38.2% = 4,071 • 50% = 4,058 • 61.8% = 4,046 ✅ Golden Zone = 4,058 – 4,046 (prime buy zone) Confluence: prior NY mid-range, lower channel support, and below the 5M/15M MA cluster (first catch at 4,083–4,071, core at 4,058–4,046). ⸻ 🎯 High Probability Scenarios Bullish Continuation Setup (Preferred if pullback forms) ✅ Buy 4,071–4,058 (scale to 4,046 if swept) on bullish rejection/engulfing. 🎯 Targets → 4,098 (fill) → 4,113 (weak high) → 4,130 → 4,140/4,148 🛑 SL: below 4,040–4,045 (outside 61.8%/structure) Bullish Breakout Setup (Momentum) ✅ Buy on break & 5–15M retest above 4,113. 🎯 Targets → 4,130 → 4,140 → 4,148 (H1 supply/EMA band) 🛑 SL: back inside 4,103–4,105 ⸻ Bearish Correction Setup (Fade resistance) ⚠️ Sell 4,140–4,148 if clear rejection (upper channel / H1 EMA band). 🎯 Targets → 4,113 → 4,098 → 4,083 → 4,071 🛑 SL: above 4,152/4,156 Bearish Breakdown (Continuation lower) ⚠️ Sell below 4,046 (clean break of 61.8% + retest). 🎯 Targets → 4,030 → 4,024 → 4,011 → 4,004 🛑 SL: back above 4,058 ⸻ 📅 Fundamental Outlook – Asia Session • No major Asia data on deck; flow-driven session likely. • Watch DXY drift after NY close; soft DXY favors the pullback-then-buy path. • Headline risk (Fed speakers later) could cap rallies near 4,14x–4,15x ahead of EU/US hours. ⸻ ⚠️ Key Levels to Watch Resistance: 4,113 (breakout line) / 4,130 / 4,140–4,148 (H1 EMA/supply) Support: 4,098–4,096 (intraday) / 4,085–4,083 (MA cluster) / 4,071 / 4,058–4,046 (Fib Golden Zone) / 4,024–4,011 / 4,004 ⸻ ✅ Summary Asia opens with constructive bullish structure on the intraday, but capped by the H1 EMA/supply overhead. Best-quality long is buying the pullback into 4,071 → 4,058 (core 4,058–4,046 Golden Zone) with confirmation, aiming for 4,113 → 4,130 → 4,140/4,148. If price breaks and holds above 4,113, momentum longs are valid. A hard rejection at 4,140–4,148 or a break below 4,046 shifts bias to corrective sells back into 4,030 → 4,011/4,004. Break Confirmation: • Buy above 4,113 (retest) • Sell below 4,046 (retest) Golden Zone: 4,058 – 4,046 (with first support catch 4,071) ⸻ 🥇 ElDoradoFx PREMIUM 2.0 – PERFORMANCE 22/10/2025 🥇 📊 GOLD TRADE RESULTS: ⚖️ BUY – BE 🟢 BUY +130 pips 🟢 BUY +70 pips 🔻 SELL +220 pips 🔻 SELL +40 pips 🟢 BUY LIMIT +60 pips ⚪️ SELL LIMIT – Deleted (No Entry) ❌ SELL LIMIT –60 pips (SL) 🔻 SELL +40 pips --- 💰 TOTAL GOLD PIPS WON: ✅ +500 pips 📈 RESULT (Executed trades): 8 Active Trades → 6 Wins | 1 SL | 1 BE 🎯 WIN RATE (on active trades): 75% --- 🔥 Consistent upside momentum caught — clean intraday reversals & disciplined exits kept us in control 💎 👏 Congratulations if you profited! ✅✅✅🚀🚀🚀
VANTAGE:XAUUSD
by ELDORADOFX
1
GOLD (XAU/USD) – Buy Signal Alert💰 GOLD (XAU/USD) – Buy Signal Alert 📈 Buy Entry: 4097 🎯 Targets: 4140 – 4175 – 4211 (Final Target) 🛡️ Stop Loss: 4075 (Adjust as per your risk plan) Analysis: Gold is gaining bullish momentum from the 4097 support zone. A sustained move above this level suggests strong buyer interest, with potential upside toward the 4211 resistance area. Look for confirmation through bullish candles or volume increase before entry to ensure a valid breakout.
TVC:GOLDLong
by VIP-Forex-Signals-free
Gold Trend Shift (4hr) Time frameDescription ✅ Trend Shift : Price broke the previous bullish structure — short-term bearish momentum confirmed. 🔹 Breaker Level : Previous swing high now acts as potential resistance on any retrace. 🔹 Demand Zone : Strong buyer interest around 4,000–4,050 — watch for bullish reversal signals. 📈 Potential Move : 1. Price may drop toward the demand zone. 2. Buyers reacting here could push price back to the breaker level. 3. Reclaiming the breaker could signal continuation toward next order block: 4,300–4,350. ⚡ Key Takeaways: Monitor the demand zone for bullish confirmations. Breaker retest = high-probability buy setup. Risk management is essential — structure shows a clear shift from bullish → bearish. #DYOR
TVC:GOLDShort
by Champ_of_Gold
DeGRAM | GOLD seeks to decline📊 Technical Analysis ● Price trends inside a descending channel, posting lower highs after rejections at ~4045; latest pullback broke intraday base and points toward mid-channel. ● Bearish structure with failed bounce at prior support (~3950) keeps momentum down; next magnet sits near 3855 (channel/HTF support confluence). 💡 Fundamental Analysis ● Short-term bearish: stronger USD and improved risk appetite recently weighed on gold after the retest of record highs, triggering corrective pressure. ✨ Summary ● Bias: short toward 3950 → 3855, invalidation above 4045. Key levels: 4045 (res), 3950/3855 (supports). ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
1
GOLD (XAU/USD) – 15-Minute Chart AnalysisCurrent Price: 4006.53 Trend: Short-term bearish 🔍 Chart Breakdown The price is moving within a descending channel, indicating a continuation of the bearish momentum. There is a key resistance zone around 4035–4060, highlighted in the shaded area. This zone aligns with previous structure and upper trendline resistance. The market is currently making a minor pullback toward this resistance area after touching the lower boundary of the descending channel. 📉 Expected Move The purple projection suggests a pullback to the resistance zone, followed by a strong rejection downward. The target level is set around 3920.72, which corresponds to a previous swing low and a possible completion of the bearish wave. ⚙️ Trading Outlook Direction Entry Zone Stop Loss Take Profit Confirmation Sell 4035–4060 4075 3920 Rejection candle or bearish engulfing at resistance 📊 Summary Gold remains in a short-term downtrend, and the best opportunity is to wait for price to test resistance (4035–4060) before considering short positions targeting 3920. A breakout above 4075 would invalidate this bearish setup and could signal a potential trend reversal. LME:CA1! LME:MC1! LME:SN1! LME:LH1! LME:SC1! LME:AH1! LME:CO1! LME:ZS1! LME:PB1! LME:HC1! LME:AA1! LME:EA1! LME:ST1! LME:AN1! LME:AW1!
FOREXCOM:XAUUSDShort
by MR_NARCOS_ANALYSIS
10.28 Gold continues to fall to 3970For the day, we will focus on the support at 3970. If it falls below, the price will continue to fall to 3950-3900-3850. In the short term, we will focus on the 4020 line and the resistance near 4060. After breaking through 4020, the price will continue to rebound and test the 4050-4060 line. However, the main strategy for the day is still to go short. Strategy: Go short near 4006-4010, defend 4021, and target 3970-3940-3900-3850 The second short position above is near 4054-4060, and the target position remains unchanged. As for the long position below, it is at 3895 and 3870.
TVC:GOLDShort
by AnalystDavid_
Elliott Wave Analysis – XAUUSD (October 28, 2025) 🔹 Momentum D1 Timeframe: The momentum lines on D1 remain intertwined. When this happens, the trend often continues with candle counts that follow Fibonacci numbers (3, 5, 8…). Currently, there are around 3 candles, indicating a high probability of a reversal forming soon, possibly today. H4 Timeframe: Momentum is rising, suggesting a potential short-term upward or sideways move to push momentum into the overbought zone. If the market consolidates at this level, once momentum reaches the overbought region, another bearish leg on H4 could still occur. H1 Timeframe: Momentum is currently decreasing. Price is closing lower around the liquidity zone at 3994, showing signs of a liquidity sweep. We expect price to continue moving lower toward the next liquidity zone, in alignment with the short-term bearish structure on H1. ________________________________________ 🔹 Wave Structure D1 Timeframe: The overall wave structure remains largely unchanged. Yesterday’s strong bearish candle fits within our prior analysis, confirming that the corrective wave is still in progress. However, since the D1 momentum lines have already stuck together for about three candles, a potential bullish reversal candle today could mark the completion of this correction. H4 Timeframe: The structure has broken the previous low, suggesting that this could be the final leg of wave Y (blue). Observing the completed 5-wave structure (1–2–3–4–5 in blue), this corrective leg has now returned to the base of the previous wave 4, achieving both price and time symmetry. → A short-term bullish reversal is expected from the current area. H1 Timeframe: The prior correction formed a triangle pattern (abcde in red), which has now broken to the downside, developing into a 5-wave sequence (black). Wave 4 (black) appears completed, and price is likely within the final wave 5 down. 🎯 Target zones for completion of wave 5 (black): • Target 1️⃣: 3953 • Target 2️⃣: 3927 ________________________________________ 🔹 Trading Plan Scenario 1: • Buy Zone: 3955 – 3952 • Stop Loss: 3932 • TP1: 4050 Scenario 2: • Buy Zone: 3939 – 3927 • Stop Loss: 3907 • TP1: 3994
OANDA:XAUUSDLong
by WavePoint_FX
technical analysis for Gold (XAU/USD) based on your provided chaPrice: Around $4,112.53 Timeframe: 30-minute Trend Structure: Gold is trading within a rising channel, suggesting short-term bullish momentum after rebounding from a support level. 🧭 Key Technical Zones Support Level: $4,060 – $4,080 → This zone has held price multiple times and aligns with the channel’s lower boundary. Immediate Resistance: $4,125 → Minor horizontal resistance, currently being retested. Mid-term Resistance: $4,175 – $4,200 → The upper boundary of the short-term consolidation range. Main Target Zone: $4,381 → Marked as the projected bullish target; aligns with the top of the ascending channel. 📊 Pattern & Projections The chart shows a bullish continuation setup (possibly a flag or channel breakout in progress). Price recently bounced from support and is respecting the ascending trendline, hinting at a possible push toward higher resistance levels. A break above $4,125 could trigger momentum toward $4,175, then $4,225, and finally the target at $4,381. ⚠️ Risk Management Invalidation: A close below $4,075 (support zone) would invalidate the bullish scenario and could push price back toward $4,025 – $4,000. Stop-Loss (for buyers): Below $4,070. Take-Profit Levels: 1️⃣ $4,175 2️⃣ $4,225 3️⃣ $4,381 🟢 Summary Signal Bias: Bullish Entry Zone: Around $4,100 – $4,115 (after confirmation of support hold) Target: $4,381 Stop-Loss: $4,070 NASDAQ:TSLA NASDAQ:AAPL CME_MINI:NQ1! CME_MINI:ES1! COMEX:GC1! CBOT_MINI:YM1! COMEX_MINI:MGC1! NYMEX:CL1! COMEX:SI1! CME_MINI:RTY1! CBOT_MINI:MYM1!
FOREXCOM:XAUUSD
by MR_NARCOS_ANALYSIS
XAUUSD - 1HXAUUSD – 1H Technical Outlook (October 25, 2025) Gold (XAUUSD) continues to trade within a short-term bullish corrective structure after forming a higher low near the Previous Day Low (PDL) around the 4,060 zone. The recent rebound shows clear signs of accumulation, with multiple Change of Character (ChoCH) and Break of Structure (BOS) confirming short-term bullish intent. Key Market Structure Observations: Liquidity Sweep: The market swept liquidity below PDL and immediately showed a bullish reaction, suggesting that Smart Money may have absorbed sell-side liquidity before pushing price higher. ChoCH → BOS Sequence: The shift in market structure to the upside aligns with a potential intraday reversal. Equilibrium Zone: The price is currently trading around the equilibrium level (~4,100–4,115), indicating a balanced area where both buyers and sellers are active. Weak High & PDH: The Previous Day High (PDH) around 4,155 is a weak high, meaning it’s a likely liquidity target before any meaningful pullback occurs. Premium Zone: Above PDH lies the premium imbalance area (~4,180–4,220), which may serve as the final liquidity target for this upward leg. Momentum & Indicator Check: The stochastic oscillator recently pulled back from the overbought zone but remains above the midline, showing healthy bullish momentum. As long as the oscillator doesn’t break below the 40–50 zone, bulls maintain control. Trading Plan: Buy Zone: 4,090 – 4,100 (Equilibrium retest) Target 1: 4,155 (PDH liquidity) Target 2: 4,219 (Premium zone) Stop-Loss: Below 4,077 Market Bias: Bullish intraday bias – favoring buy setups on pullbacks toward the equilibrium zone. A break and close above 4,155 would confirm continuation toward 4,200+.
OANDA:XAUUSDLong
by InnovationCapital
what is happening wiyth xauusd?1. Fundamental Analysis (Macro Drivers) 🏦 Monetary Policy & Interest Rates Federal Reserve stance: The Fed has paused rate hikes amid slowing US growth and moderating inflation. Real yields have begun to fall, which supports gold prices. Market expectation: Traders now expect possible rate cuts in early 2026, lowering opportunity costs of holding non-yielding assets like gold. Impact: Lower real yields → bullish for gold. 💵 US Dollar Trends The US Dollar Index (DXY) has weakened over the last quarter due to rate-cut bets and growing fiscal deficits. A weaker dollar directly lifts XAU/USD since gold is priced in USD. 📈 Inflation & Recession Fears Despite softening inflation (US CPI ~3.2%), sticky services inflation and fiscal pressures maintain gold’s appeal as a hedge. Global growth is fragile, and recession fears (notably in Europe and Japan) have increased safe-haven demand. 🌍 Geopolitical & Structural Factors Escalating geopolitical tensions (Eastern Europe, South China Sea, Middle East) and US election uncertainty have driven institutional and central bank gold buying. Central banks (notably China, India, and Turkey) are diversifying away from the USD — net gold purchases are at multi-year highs. 🏦 Central Bank Gold Demand According to the World Gold Council, 2025 central bank purchases are on pace for another record year. This provides a floor for gold prices even during corrective phases. 📊 Fundamental Outlook Summary Factor Current Status Gold Impact Fed Policy / Yields Dovish bias ✅ Bullish US Dollar Weakening ✅ Bullish Inflation Moderate but sticky ✅ Bullish Geopolitical Risk Elevated ✅ Bullish Central Bank Demand Strong ✅ Bullish Global Growth Slowing ✅ Bullish 🔎 Overall Fundamental Bias: Strongly Bullish (Short-to-Medium Term) 📉 2. Technical Analysis (as of Oct 23 2025) 🔹 Current Price XAU/USD ≈ $4,340/oz (TradingEconomics, Oct 20 2025) 🔹 Trend Overview Long-term uptrend since early 2024 continues. Gold broke out from a multi-decade ascending channel earlier this year and now trades well above 200-day moving average. 🔹 Moving Averages Indicator Value Signal 20-day MA $4,215 ✅ Bullish 50-day MA $4,030 ✅ Bullish 100-day MA $3,740 ✅ Bullish 200-day MA $3,290 ✅ Bullish → All MAs are aligned in a bullish configuration (short-term > long-term). 🔹 RSI (Relative Strength Index) RSI ≈ 78 → Indicates overbought conditions → risk of short-term correction or consolidation before further rally. 🔹 Key Levels Type Level (USD/oz) Note Resistance 1 $4,400 Recent high Resistance 2 $4,500 Psychological round level Support 1 $4,200 Short-term support Support 2 $3,950 Strong support (previous breakout zone) Support 3 $3,700 Long-term support / 100-DMA 🔹 Chart Pattern Ascending channel with potential breakout continuation. Some analysts note a rising wedge, signaling possible short-term exhaustion. 🔹 Volume & Momentum Volume peaked on breakout above $4,000 — confirming strong institutional participation. Momentum indicators show minor divergence → watch for short-term pullback. 📊 3. Combined Outlook Horizon Technical Bias Fundamental Bias Combined View Short-Term (1–3 weeks) ⚠️ Overbought – possible pullback to $4,150–4,200 ✅ Bullish Consolidation likely before next leg up Medium-Term (1–3 months) ✅ Uptrend intact ✅ Bullish Buy on dips strategy favored Long-Term (6–12 months) ✅ Strong uptrend ✅ Bullish Targets $4,500–$5,000 possible 🪙 4. Scenario Analysis Scenario Trigger Likely Outcome Bullish Continuation Fed confirms 2026 rate cuts, DXY weakens Gold → $4,500+ Short-Term Correction RSI reset, USD rebound Pullback to $4,100–$4,200 Bearish Reversal Sharp rise in yields or risk-on sentiment Gold retests $3,700–$3,900 🧩 5. Trading/Investment Insights Short-term traders: Watch for retracement toward $4,150–$4,200 to consider buy setups. Swing traders: Maintain partial longs; trail stops below $4,000. Investors: Maintain core exposure; gold remains a hedge against macro and geopolitical volatility.
OANDA:XAUUSD
by realmillionairefx
Trade Idea: Gold (XAU/USD) 📌 Current Price: ~ 4,098 USD (as per your chart) 📌 Bias: Bullish-on-pullback / breakout 🔍 Key Levels Support Zone: ~ 4,060 to ~ 4,040 USD — this is the area where price has recently found buyers (your grey/green box). Lower Support Alert: If the above fails, next meaningful support is around ~ 4,000 USD (psychological whole-number & chart memory). Resistance Zone: ~ 4,140 to ~ 4,160 USD (your upper green line) — if price breaks above cleanly, further upside becomes more likely. Higher Resistance Target: ~ 4,200-4,300 USD if breakout is strong. 📈 Trade Plan Entry: Option A: Wait for price to dip into the support zone (~ 4,060-4,040 USD) and show bullish confirmation (eg. long wick, bullish candle) → then enter long. Option B: Enter on breakout above resistance (~ 4,140-4,160 USD) with momentum & volume. Stop Loss: If entering at support: Place stop slightly below ~ 4,000 USD (eg. ~ 3,990-3,980 USD). If entering on breakout: Place stop just below breakout level, e.g. below ~ 4,120 USD. Targets: Near‐term: ~ 4,140-4,160 USD (if buy from support) or ~ 4,200 USD (if breakout). Longer term: ~ 4,300-4,400 USD if momentum holds and macro supports this. 📌 Risk & Notes Price is relatively elevated already (~ 4,098 USD) — entering now means you’re buying nearer to the highs, which adds risk. The broader market indicators suggest gold may be somewhat overbought (so the pullback path is realistic). Keep position size moderate and use the stop loss strictly. Monitor macro drivers: U.S. dollar strength, interest rate signals, inflation data — gold is sensitive to those. If support fails (drop below ~ 4,000 USD), it may trigger a deeper correction, so respect the stop.
CAPITALCOM:GOLDLong
by Jod_Afnan_FX
XAU pre market updatedRighty!!!! HUGE moments in Asia for Uncle Ling The Plug!!!! We need to settle above $4108 in Asia and sustain!!! Super Handle remains at $3983. If a return is made and we dip and break back above. We WILL be on road 🏦 Again, I’m hoping $4011 holds enough weight to settle that area and if so, we should be able to hold above $4108 which will break the money line $$$$ at $4150 and take us into $4190!!! Dangers right here is the daily close. Definitely not supportive of what we are trying to achieve but if you really know gold, she can upset with “what it looks like” vs “what she needs to do” and that’s definitely a return on $4300-$4318!!!! Tread carefully, and let’s see what Uncle Ling has in play for his session! (Also second profile is only valid when we can get closure above ✅) 📕🫶🏽
FX:XAUUSDLong
by JupahduhX
1
XAUUSD – Sharp 5% Drop as Traders Take Profit Ahead of US CPIMarket Context: Gold (XAU/USD) slumped over 5.5% on Tuesday, marking its largest daily decline in months as traders took profits ahead of the upcoming US CPI data (October 24). The US Dollar Index (DXY) rebounded 0.36% to 98.94, making gold more expensive for foreign buyers. This correction also coincides with renewed optimism over potential easing of US–China trade tensions, after President Trump confirmed plans to meet Chinese leader Xi Jinping next week. While this sharp move caught many traders off guard, it appears to be a healthy correction within a broader bullish structure, as investors remain cautious before major data and the upcoming Fed policy meeting next week. Technical Outlook (M30): After the heavy selloff from the 4,375 high, gold found near-term support around 4,003 – 4,010, forming a potential accumulation base. The pair now trades near 4,150, showing early signs of recovery toward key confluence zones. Key Technical Levels: OBS Sell Zone: 4,338 – 4,340 CP Zone Down / OBS Sell Zone: 4,259 – 4,260 CP Zone Up / OBS Buy Zone: 4,092 – 4,094 Deep Buy Zone: 4,003 – 4,008 The current structure outlines a 5-wave projection, where price may complete Wave II near 4,092, then advance toward Wave III at 4,259, followed by a correction (Wave IV) and another push toward Wave V near 4,338. Trading Plan: 🔹 BUY ZONE#1 (Short-Term Recovery) Entry: 4,092 – 4,094 Stop Loss: 4,080 Take Profit: 4,145 → 4,259 → 4,338 🔹 BUY ZONE #2 (Liquidity Sweep Scenario) Entry: 4,003 – 4,008 Stop Loss: 3,990 Take Profit: 4,090 → 4,259 🔹 SELL ZONE (Countertrend Reaction) Entry: 4,259 – 4,260 Stop Loss: 4,272 Take Profit: 4,145 → 4,092 Summary: The recent 5% correction is viewed as a profit-taking phase ahead of CPI data, not a structural breakdown. Gold is expected to stabilise above 4,092, with buyers likely stepping in near the OBS Buy Zone. Focus remains on 4,259 for a short-term reaction and 4,338 as the next potential liquidity target if momentum continues. 📊 What’s your view — is this just a healthy retracement before CPI, or the start of a deeper shift? 👉 Follow MMFLOW TRADING for daily institutional-grade setups and smart money structure updates.
OANDA:XAUUSDLong
by MMFlowTrading