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Taifex Gold Futures

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Gold May Continue to Frustrate TradersGold prices have stalled once again and have struggled to make any significant advances since mid-April, remaining stuck in a range between $3,150 and $3,450. This trading range has resulted in sideways price action, with several false starts along the way. However, technical analysis suggests that this range is likely to remain in place. After breaking above a downtrend in late May — a move that initially appeared convincing, with prices surging to $3,400 — gold has since declined, falling back to $3,300. As of 10 June, it is now retesting that trendline and bouncing at $3,300. This price also represents the 38.2% retracement of the rally from the 15 May intraday low of $3,120 to the 5 June intraday high of $3,400. The combination of the trendline and the Fibonacci retracement level is currently acting as support. Additionally, the Relative Strength Index (RSI) has broken above a downtrend, indicating a potential shift in momentum. At the time, all of this suggested that gold was likely to retest its previous highs. However, a new problem has emerged — one that is not particularly favourable for further gains in gold. As of 6 June, the price has fallen below a short-term uptrend and has also stalled at resistance around $3,320. In addition, the Relative Strength Index has now broken below its own short-term uptrend and is nearing the 50 level — a potentially bearish signal. If these developments are signs that all is not well, then gold could be expected to revisit its early May lows, around $3,100. As things stand, there are two viable paths for gold, and it is far from easy to determine which one is the correct one. Unfortunately, both scenarios suggest that gold is likely to remain range-bound for some time yet. Written by Michael J. Kramer, founder of Mott Capital Management. Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
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by CMC Markets
XAUUSD Bearish Rejection Setup Unfolding – June 11, 2025XAUUSD Bearish Rejection Setup Unfolding – June 11, 2025 🧠🔍 📊 Technical Breakdown: 🔴 Resistance Rejection Zone (Supply Area) Price recently tested the $3,440 - $3,460 resistance zone, marked with red arrows. This zone previously acted as a strong supply area, leading to aggressive sell-offs. 📉 Bearish Rejection Candle A rejection occurred near the same supply zone again, hinting at a potential double top or failure to break structure. Sellers seem to defend this area aggressively. 📍 Current Price: $3,338.6 Price is hovering below mid-range resistance at $3,396.5, indicating weakness after a failed breakout. 📉 Bearish Plan in Motion: 🔁 Scenario Highlighted: Price might retest the $3,396.5 level (purple line) before resuming the downward move (illustrated by the blue and black arrows). A breakdown below the $3,290.3 support zone will likely trigger further downside. 🎯 Target Levels: 1st Target: $3,290.3 – Key structural support. A close below this level will confirm the bearish momentum. 2nd Target: $3,207.0 – Final support area aligned with previous accumulation zone. 🛑 Invalidation Point: A sustained breakout above $3,460 would invalidate the bearish bias and suggest continuation to the upside. ✅ Summary: Bias: Bearish 📉 Strategy: Sell on pullback to $3,396.5 with stops above $3,460. Targets: 🎯 $3,290.3 ➡️ $3,207.0 Watch for a strong bearish confirmation candle below $3,290.3 to load in shorts. 🔔 Stay alert for volume spikes and lower time-frame breakdowns to fine-tune entries! 💼📊
BIST:XAUUSD1!Short
by MrStellanSight
Gold Futures – Double Top Leads to Bearish SetupGold Futures on the MCX chart is showing a classic Elliott Wave pattern in play. After forming a regular flat correction with a double top near the 99,300–99,200 zone, prices have started to drift lower. The double top structure—combined with the completion of Wave B—suggests that a Wave C decline is underway. Wave A took the price down to around 90,890, followed by a corrective Wave B that failed to break the previous high convincingly. The near-term outlook on the 4-hour timeframe remains bearish. I am anticipating five waves down within Wave C, which may take price back toward the previous Wave A low or slightly lower, possibly ending in a diagonal pattern, before a bullish reversal can be expected. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
MCX:GOLD1!Short
by WaveXplorer
Shorting GoldWell, iam taking this trade for sure. Iam shorting Gold again because of the following reasons. The reason behind this trade is the IFVG that is nested withing the now resistance level (marked in black) Secondly, there is a broken trendline that i dont think it will be reclaimed anytime soon (marked in yellow). There are many others small details that should point toward a bearish scenario. but on a scale from 1 to 10, how confident in my analysis iam, is 7.5. Boost the idea if you like it : D
COMEX:GC1!Short
by JOEXYZzz
Gold Pullback Entry Opportunity Gold resumed its rally, sparked by recent tarrif news. Price is pulling back at the moment and has entered an sweet spot where we can confidently take our first low risk Buy. BUYING HERE BECAUSE 1. We're entering into a low volume area, which is also in line with an FVG on the 1hr chart 2. When a new uptrend starts, i like to buy first 2 instances price pullback to bounce from my trend cloud indicator We didn't get a perfect bounce as it has broken below it, but i'am still buying regardless due to my first reason above about the low volume gap. PROFIT TARGET Setting my profit target to my trusted Exofade peak. As long as the uptrend continues, Exofade peaks will ALWAYS get taken out. That why i love this indicator, and its free. It's my gift to y'all :) . Just search for it in trading view indicators.
COMEX:GC1!Long
by ExoProtocol
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