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Gold Pullback in Play – Will $3,300 Be Hit Today?Hello traders! What’s your take on gold today? OANDA:XAUUSD remains tilted to the downside, currently trading around $3,318, down over 100 pips on the day. The bearish bias is still favored — and the reason is pretty clear. For short-term traders using pattern-based setups, gold has broken out of a flag pattern and successfully retested the breakout zone, confirming a potential reversal. If this momentum holds, the next target could be $3,300 by the end of the day. Do you agree with this scenario?
OANDA:XAUUSDShort
by Kevinn_Nguyen
Gold in Free Fall – Is This Just the Beginning?Hey fellow traders! Today, gold is taking a serious dive — price has crashed below the critical $3,300 support, and things aren't looking great for the bulls. The chart says it all: the old support zone has been wiped out, and the recent minor bounce? Just the calm before a deeper selloff. 💣 What’s dragging gold down? -The reasons are crystal clear: -US Treasury yields are spiking, pulling capital away from gold. -The US dollar is rebounding strongly, boosted by hawkish Fed commentary. Global markets are optimistic, with geopolitical tensions easing — which means gold is losing its safe-haven appeal. In short: there's not much left to keep gold afloat right now. 📉 Technical outlook – Breaking down and breaking lower? On the H4 chart, gold has officially lost the EMA 34 (~$3,322) — a key dynamic support that's held multiple times in the past. With that breach, sellers rushed in. Price is now sliding toward the bottom of the descending channel, targeting $3,240, and possibly $3,200 if bearish momentum continues. And if gold pulls back to retest the broken zone? Don’t celebrate too soon — it could be the perfect trap for sellers to reload. So, what’s your take?
OANDA:XAUUSDShort
by Kevinn_Nguyen
XAUUSD: Bearish Setup Within a Descending ChannelHello all dear traders! Today, gold continued its downtrend, closing at around $3,274 and down around 1.61% from the previous day's opening. The decline came amid a return to the USD race after tough statements from the Fed Chairman, which quickly faded gold's safe-haven status. In addition, news of a temporary ceasefire between Iran and Israel further boosted the "risk-on" sentiment: global stocks turned green, while gold was left behind in the cold by investors. On the chart, gold shows a clear downtrend structure, with lower highs and lower lows, maintaining a bearish structure. The price is currently trading within a descending channel and has recently broken the important support zone of $3,300. Barring any surprises from the news, the downside momentum is likely to continue, heading towards the $3,240 - $3,200 zone. So, what do you think?
OANDA:XAUUSDShort
by Trader_VictorInvest
4
EURUSD Bulls in Charge – Can They Push Higher?EURUSD continues to demonstrate strength, maintaining a clear uptrend on the H4 timeframe. After breaking above the former resistance zone near 1.1600, price surged and is now consolidating around 1.1706. This breakout confirms strong bullish momentum, especially following a long period of consolidation. That said, the area around 1.1730–1.1740 is showing signs of minor rejection, with a potential double-top pattern emerging. However, this appears to be a healthy pullback within the broader bullish trend. The most reliable support is currently found at 1.1620, which also aligns with the EMA 34 — a dynamic level that has acted as a pivot throughout this rally. As long as price remains above 1.1620, the bullish trend remains firmly intact.
Short
by Kevinn_Nguyen
Gold Under Pressure as Risk Appetite RisesGold continues to edge lower today, currently trading around $3,330 and maintaining its downward trajectory. The primary driver behind the decline is the easing geopolitical tension following a ceasefire agreement between Iran and Israel. As fears subside, demand for gold as a safe haven asset has weakened significantly. Meanwhile, rising global equity markets and a sharp drop in oil prices are adding further downside pressure on the precious metals space. Investor focus is also shifting toward the upcoming testimony from Federal Reserve Chair Jerome Powell before Congress. Market sentiment remains divided on rate policy, with many expecting a more cautious Fed rather than an aggressive pivot. This uncertainty could weigh further on gold prices in the short term.
OANDA:XAUUSDShort
by Trader_VictorInvest
XAUUSD: Gold's Golden Glow Fades Below $3350 XAUUSD: Gold's Golden Glow Fades Below $3350 – Navigating Key Levels Amidst USD Weakness! Let's dive into the fascinating world of Gold (XAUUSD) today. The yellow metal is showing subtle positive movement, primarily influenced by a weaker US Dollar, but a convincing bullish breakout above the $3350 mark remains elusive. 🌍 Macroeconomic Snapshot: USD's Woes & Gold's Mild Support Gold has seen a slight positive bias for the second consecutive day, yet it's struggling to find significant follow-through, staying below the $3350 level in early European trading. USD Under Pressure: Reports indicating that US President Donald Trump is considering replacing Fed Governor Jerome Powell have sparked concerns regarding the future independence of the US central bank. Cautious Outlook: This mixed bag of news calls for caution before confirming a definitive bottom for Gold or positioning for a substantial recovery from levels below $3300 (or Tuesday's two-week low). Traders are currently focused on upcoming US macroeconomic data and speeches from FOMC members, which could influence XAU/USD ahead of Friday's crucial US Personal Consumption Expenditures (PCE) Price Index release. 📊 XAUUSD Technical Analysis & Intraday Trading Plan: Current Trend: Gold has recently experienced a sharp decline and is now in a consolidation phase, trading around the $329X mark. Price is currently below shorter-term moving averages, indicating lingering bearish pressure or an accumulation phase. Key Levels Identified: Strong Support Zones (Potential BUY Areas): Levels around 3294.414, 3276.122, and particularly 3264.400 are crucial demand areas. Key Resistance Zones (Potential SELL Areas): Levels at 3313.737, 3321.466, 3330.483, and 3341.947 are identified as significant supply zones. 🎯 XAUUSD Trading Plan (Based on your specified levels): BUY ZONE (Strong Support - Long-Term Bias): Entry: 3266 - 3264 SL: 3270 TP: 3280 - 3284 - 3290 - 3295 - 3300 - 3305 - 3310 - 3320 BUY SCALP (Quick Buy at Intermediate Support): Entry: 3284 - 3282 SL: 3278 TP: 3288 - 3292 - 3296 - 3300 - 3305 - 3310 - 3320 - 3330 SELL ZONE (Key Resistance): Entry: 3331 - 3333 SL: 3337 TP: 3326 - 3320 - 3316 - 3310 - 3305 - 3300 SELL SCALP (Quick Sell at Near Resistance): Entry: 3313 - 3315 SL: 3320 TP: 3310 - 3305 - 3300 - 3295 - 3290 - 3280 ⚠️ Key Factors to Monitor Closely: US Macro Data: The upcoming US Personal Consumption Expenditures (PCE) Price Index on Friday is critical. FOMC Member Speeches: Any comments on monetary policy or inflation outlook will directly impact USD and Gold. Geopolitical Stability: Developments regarding the Israel-Iran ceasefire can influence safe-haven demand.
OANDA:XAUUSDLong
by MMFlowTrading
Gold Holds Steady Amid Cooling Tensions and Weak US DataHey guys, here's the latest update from the gold market: Gold held firm during the New York session on Wednesday, rising by more than 0.30% as easing tensions between Israel and Iran boosted risk sentiment. At the same time, disappointing US housing data raised speculation that the Fed might need to adjust its tone. However, hawkish remarks from Fed Chair Jerome Powell continued to cap any strong upside in gold. At the time of writing, XAU/USD is trading around $3,334, up 0.34%. The US dollar has pulled back some of its earlier gains, and Wall Street is ticking higher with modest gains. My Take: Gold is still moving within an accumulation range, bouncing between two trendlines and comfortably holding above the $3,300 mark. Key Zones to Watch: 🔥 Sell Zone: $3,364 – $3,366 🔥 Buy Zone: $3,302 – $3,300 ⚠️ Scalpers, take note: Use a 50-pip stop loss and go for a bigger take profit. Trade smart and stay sharp out there! 💪
OANDA:XAUUSD
by Edward_TradingFX
4
XAUUSD Bullish Reversal from Channel Support | Gold Buy SetupAnalysis Overview: Gold has been trading inside a clearly defined descending channel (marked by the orange trendlines). After a strong bearish move, price has reached the lower boundary of this channel, which is acting as dynamic support. Key Technical Details: Descending Channel Support: XAUUSD has tested the lower trendline multiple times and is currently showing rejection wicks, suggesting potential exhaustion of selling pressure. Demand Zone: The shaded horizontal area represents a prior consolidation and minor support level that aligns with the channel bottom, adding strong confluence. Entry: Planned buy entry at the current level near channel support, anticipating a bounce. Stop Loss: Placed below the recent swing low and outside the channel, to allow room for volatility while protecting against continuation of the downtrend. Target: The mid-to-upper boundary of the descending channel, aiming for a favorable risk-reward ratio. Market Context: The higher timeframe trend remains bearish overall, so this is a short-term reversal (counter-trend) setup within the channel structure. Trade Plan Rationale: Expecting a corrective move upward within the descending channel as price retests previous supply zones and dynamic resistance. This setup is based on: Confluence of channel support and demand zone Multiple rejection wicks showing buyers stepping in Potential mean reversion towards the channel midpoint Disclaimer: This is my personal analysis on XAUUSD and not financial advice. Always do your own research and manage risk carefully.
OANDA:XAUUSDLong
by Scalper_San
Gold at Crucial 325x Support – What's Next for the Yellow Metal?XAUUSD D1 Forecast: Gold at Crucial 325x Support – What's Next for the Yellow Metal? Namaste, fellow traders! Today, let's zoom out and look at the bigger picture for Gold (XAUUSD) on the Daily (D1) timeframe. Our analysis indicates that Gold has hit a very strong, hard support level around the 325x region. This is a pivotal point that could dictate Gold's medium to long-term direction! 🌍 Macroeconomic Context: The Forces at Play for Gold While we've seen some USD weakness due to speculations surrounding the Fed (like the rumors about replacing Powell) and expectations of rate cuts, these factors haven't completely prevented Gold's recent decline on the daily chart. Also, the sustained ceasefire between Israel and Iran is reducing Gold's safe-haven appeal. However, the current price action at the robust 325x support level is a significant technical signal. The influence of upcoming US macroeconomic data (especially the PCE Index on Friday) and speeches from FOMC members will be crucial in confirming or negating Gold's next moves. If positive news for Gold aligns with this support holding, it could act as a strong catalyst. 📊 XAUUSD Technical Analysis (D1): Predicting Gold's Next Move Based on the fact that Gold has encountered strong support at 325x, we can anticipate the following scenarios: Bounce from 325x (Potential Upside Phase): If the 325x area (which reinforces the 3264.400 support from image_e9d325.png) holds firm, we expect a strong reaction and an upward move for Gold. The initial target for this bounce would be the 332x region, which aligns with resistance levels 3313.737 - 3330.483 from our previous analysis. On a broader timeframe (as shown in image_83845c.png), this corresponds to the resistance zone around 3326.022. This 332x area could represent a continuation pattern, meaning it might be a corrective rise before the resumption of the larger trend. Resumption of Downtrend (After Reaching 332x): Once Gold reaches and tests the 332x zone (3313.737 - 3330.483 / 3326.022) and shows bearish confirmation signals (e.g., a strong bearish engulfing candle, a pin bar, or a clear top formation), we anticipate a resumption of the downward movement. The next major target for this fall would be the 317x area, which correlates well with the strong support at 3173.052 on the larger timeframe (as depicted in image_83845c.png). 🎯 XAUUSD D1 Trading Plan: Your Long-Term Strategy Ahead! Considering the current D1 analysis, here's our actionable plan: 1. BUY PHASE (Bounce from Support): Entry: Observe price reaction in the 325x - 326x zone (especially 3264.400). Only buy if there are clear bullish confirmations (e.g., a confirmed bullish pattern on the daily or 4-hour candle, a strong bounce from the zone with volume). SL: Just below the 325x support zone (e.g., 3245-3240, depending on confirmation). TP: 3280 - 3290 - 3300 - 3313.737 - 3326.022 (key 332x zone). This will be our primary target for the bounce. 2. SELL PHASE (Downtrend Resumption): Entry: After the price reaches the 332x zone (3313.737 - 3330.483 / 3326.022) and shows bearish confirmation signals (e.g., strong bearish engulfing, pin bar, or top formation). SL: Slightly above the 332x zone (e.g., 3335-3340). TP: 3300 - 3290 - 3280 - 3270 - 3260 - 3250 - 3200 - 3173.052 (final 317x target).
OANDA:XAUUSD
by MMFlowTrading
Gold's Price Action Amidst Fed's Inflationary Warnings XAUUSD: Gold's Price Action Amidst Fed's Inflationary Warnings – Key Levels to Watch! Hello TradingView Community! Gold (XAUUSD) continues to be a focal point amidst the Federal Reserve's (Fed) cautious stance on inflation and interest rates. Recent statements from Fed Chair Jerome Powell highlight concerns that large-scale tariffs could trigger persistent inflation, moving beyond conventional economic models. Despite recent inflation cooling, Powell emphasized the need for more data from June and July before considering any rate cuts, warning of the risk that "price shocks turn into persistent inflation". This creates a nuanced market sentiment, torn between hopes for rate cuts and the emerging inflation risk from tariffs. In this environment, Gold remains a crucial psychological anchor, especially if the Fed delays its reaction to new inflationary pressures. 📊 XAUUSD Technical Outlook (H4/M30 Chart Analysis): Based on our recent chart analysis (e.g., image_008403.png): Gold is currently in a corrective or consolidating phase after a notable pullback. Price action indicates that key support and resistance levels are being tested. Resistance Levels (Potential Sell Zones): We see significant resistance around 3352.383 - 3353.860 and higher up at 3371.205, with a major resistance area near the top at 3391.750 - 3395.000. Support Levels (Potential Buy Zones): Key support is identified around 3317.738 - 3311.214, with a stronger demand zone at 3302.939 - 3302.857. A critical lower support lies at 3286.257. 🎯 XAUUSD Intraday Trading Plan: Here are the key zones and targets for today, based on current market dynamics: BUY SCALP: Entry: 3316 - 3314 SL: 3310 TP: 3320 - 3324 - 3328 - 3332 - 3336 - 3340 BUY ZONE: Entry: 3304 - 3302 SL: 3298 TP: 3308 - 3312 - 3316 - 3320 - 3330 - 3340 - 3350 SELL SCALP: Entry: 3353 - 3355 SL: 3360 TP: 3350 - 3345 - 3340 - 3335 - 3330 SELL ZONE: Entry: 3390 - 3392 SL: 3396 TP: 3386 - 3382 - 3378 - 3374 - 3370 - 3360 ⚠️ Key Factors to Monitor: Fed Speeches: Any further comments from Fed officials on inflation or policy outlook. US Economic Data: Upcoming inflation (CPI, PCE) and employment reports (NFP) will heavily influence Fed policy expectations. Geopolitical Developments: Ongoing global tensions can always boost Gold's safe-haven appeal.
OANDA:XAUUSDLong
by MMFlowTrading
Bear Flag Breakdown Looms on XAUUSDGold (XAUUSD) is currently forming a clear bear flag pattern on the H1 chart, signaling a weak corrective move within a dominant downtrend. The 5-wave structure (1 to 5) inside the flag indicates limited bullish momentum. If the lower trendline breaks, gold could plunge toward the key support zone at 3,295 USD. On the news front, the ceasefire agreement between Iran and Israel brokered by the U.S. has significantly reduced geopolitical risk, weakening the demand for safe-haven assets like gold. In under 48 hours, gold lost over 60 dollars, reflecting the market's rapid shift toward risk-on sentiment. Additionally, speculative money is flowing out of precious metals and into growth assets, adding further downside pressure. Given this confluence of technical and fundamental factors, I lean strongly toward a bearish continuation, with a likely breakdown of the flag pattern. As long as price remains below the EMA 89 (around 3,342 USD), the short-term trend favors the bears. Are you ready for the next leg down?
OANDA:XAUUSDShort
by Kevinn_Nguyen
7
CRUDEHello & welcome to this analysis USOIL / CRUDE (MCX) after a very sharp rally till the slanting channel have now retraced to very strong support levels as per the ICHIMOKU indicator in daily time frame. One could look for a 4hrs reversal candle confirmation between $64.50 - 63.75 / INR 5625 - 5450 for a resumption of rally till $77 / INR 6900 with resistance on its path at $68.50 & $74 / INR 5825 & INR 6400 Remember enter only after you get a bullish candle confirmation from lower time frame. All the best
MCX:CRUDEOIL1!Long
by Dinesh_C_Nagpal
1
Gold Technical Update: Is Tuesday's Low the Bottom ?It looks like we printed our low on Tuesday (June 24th), and now gold is showing some signs of reversal with the current bounce. The key question is whether this momentum can sustain itself through some critical resistance zones. Key Resistance Levels to Watch: 3350-55 - This is our first major test. this level is the confluence with the 0.38 Fibonacci retracement level. If we see a clean break here with volume, it sets up the next target. 3380-85 - This is the big one for today and this week. this level also aligns with the weekly pivot. If the bulls can claim this territory and hold it into the close, we're likely looking at a continuation higher toward upper levels around 3400+. Support Levels: The PDL is now acting as our immediate support level. Below that, we've still got that psychological 3300 level as major support ,the same area that provided the floor earlier this week.
FOREXCOM:XAUUSDLong
by TheGoldenCircle
Gold at Make-or-Break Zone – Will Sellers Strike Back?Gold is staging a rebound, but don't let it fool you — the real battle is just ahead. After last week's sharp drop, the price is now approaching a key resistance near 3,355, where the 34 and 89 EMAs meet a supply zone. This is not just any level — it's the perfect spot for sellers to step in. Meanwhile, markets are bracing for high-impact US data this week, including Core PCE and Q1 GDP. If inflation runs hot, it could crush gold’s momentum and fuel another leg down. If rejection happens here, gold could drop back toward the 3,265 zone. Bulls need a breakout to regain control — but right now, the edge leans bearish. Are you ready for the next move?
OANDA:XAUUSDLong
by Kevinn_Nguyen
4
Ready for a Fresh Rally Ahead of July FOMC Buzz?XAUUSD: Powell's "Soft Tone" Ignites Gold – Ready for a Fresh Rally Ahead of July FOMC Buzz? 🌍 Macro Landscape: Gold Reacts to Fed's Cues – Easing Rate Pressures? The gold market (XAUUSD) is witnessing a resurgence of positive momentum, driven by recent "dovish-leaning" signals from Federal Reserve Chair Jerome Powell during his congressional testimony. Powell's acknowledgment of lower-than-expected inflation from tariffs, coupled with hints of a potential earlier interest rate cut (possibly as early as July), is creating a fresh wave of market anticipation. While Powell cautiously noted "no need to rush," market participants are interpreting his remarks as an indication that current monetary policy might be "somewhat restrictive." Should inflation continue its sustainable deceleration, the Fed would be poised to ease policy sooner. This directly impacts gold: as rate cut expectations rise, the opportunity cost of holding gold (a non-yielding asset) diminishes, making it significantly more appealing to investors. 🏦 Central Bank Policy: Fed's Evolving Stance & Market Re-calibration Federal Reserve (Fed): Chair Powell's nuanced message suggests a more adaptable Fed, ready to align its policy with actual inflation data. His emphasis on the Fed's independence from political influence further solidifies confidence in data-driven decisions. Market Re-calibration: While the broader market still leans towards a September rate cut, the probability of a July cut is subtly increasing, according to the CME FedWatch Tool (with 70.1% anticipating a cut to 4.00 - 4.25% by September). This re-pricing of policy risk is a crucial supportive factor, helping gold maintain stability around the $3,300–$3,320/oz mark, indicating smart money accumulation. This evolving Fed perspective, even a slight shift, is powerful enough to influence capital flows and investor sentiment globally, setting the stage for significant gold movements. 🌐 Capital Flows: Gold & USD – The Shifting Safe-Haven Dynamics Global capital flows are highly sensitive to interest rate expectations and perceived risks. Historically, both gold and the U.S. dollar serve as primary safe havens during periods of uncertainty. If Powell's "dovish tilt" gains further traction and leads to earlier rate cuts, we could anticipate a notable rotation in capital: Outflows from USD: Lower U.S. yields would diminish the attractiveness of the USD as a yielding asset. Inflows into Gold: The reduced opportunity cost of holding gold, combined with its intrinsic store-of-value appeal, could trigger substantial capital flows into the precious metal, especially amidst persistent global geopolitical tensions. The market's re-evaluation of Fed policy risk is already contributing to gold's resilience, suggesting that strategic positioning for an upside move might be underway. 📊 Technical Structure (H4/M30 Chart Analysis): Gold Breaking Bearish Bias, Targeting Higher Levels Based on the provided XAUUSD chart (H4/M30 timeframe): Channel Breakout: Gold has visibly broken out of a prior descending channel, signaling a clear weakening of selling pressure and a potential trend reversal. The price is currently consolidating and appears to be forming a new accumulation pattern or a smaller ascending channel. Key Price Levels: Potential Sell Zone (Resistance): Around 3,352.383 - 3,371.205. This zone aligns with significant Fibonacci retracement levels (0.5 and 0.618 from the last major swing down) and represents a strong historical resistance cluster. If the price attempts to breach this zone and fails, selling pressure could emerge. Higher Resistance: 3,391.750 - 3,395.000. This is a formidable resistance area. A decisive break above this level would confirm a more robust long-term bullish trend. Current Buy Zone (Support): Around 3,302.939 - 3,311.214. This is a critical demand zone, where strong buying interest is likely to surface, coinciding with recent swing lows. Next Key Support: 3,286.257. Should the 3,302.939 - 3,311.214 zone be breached, this level would be the next significant support to watch. Moving Averages (EMA 13-34-89-200): The price is currently trading above the shorter-term EMAs (13 & 34), indicating positive short-term momentum. The longer-term EMAs (89 & 200) are likely transitioning from resistance to dynamic support, or showing signs of convergence, suggesting a potential shift in market structure. A 'Golden Cross' formation among these EMAs would be a powerful bullish signal. Projected Price Action: The chart depicts a scenario where the price might retrace slightly towards the 3,317.738 support or even deeper to 3,302.939 before embarking on a strong upward rally, targeting resistance zones like 3,352.383 and further to 3,371.205. 🎯 Trade Strategy Recommendations (Based on Provided Zones): BUY ZONE: 3286 - 3284 SL: 3280 TP: 3290 - 3294 - 3298 - 3302 - 3306 - 3310 - 3315 - 3320 BUY SCALP: 3302 - 3300 SL: 3295 TP: 3306 - 3310 - 3314 - 3318 - 3322 - 3326 - 3330 SELL ZONE: 3353 - 3355 SL: 3360 TP: 3350 - 3346 - 3340 - 3335 - 3330 - 3320 SELL ZONE: 3372 - 3374 SL: 3378 TP: 3370 - 3366 - 3362 - 3358 - 3354 - 3350 ⚠️ Key Events to Watch: Further Speeches by Fed Officials: Any new comments on inflation, economic data, or the rate path will heavily influence market dynamics. Global Geopolitical Developments: Ongoing tensions or new uncertainties can always bolster gold's safe-haven appeal.
OANDA:XAUUSDLong
by MMFlowTrading
Gold tested 3300, what next ?Yesterday's breakdown below the 3345-50 area created a failed low scenario, and gold tested psychological 3300 level before finding some support. Right now we're seeing a bit of correction higher from yesterday's lows, but this is still unconfirmed territory. For intraday 3330-33 resistance zone . If gold manages to push through with decent momentum, the next major hurdle zone is up at 3360- 3385. but as long as we're staying under 3330 and especially under 3360, any upward movement as a pullback rather than a true reversal . For a genuine reversal to take hold,we need good bullish candle follow up today and gold needs to break above 3360- 3385 convincingly without revisiting yesterday's lows. and have to re claim 3450, which would signal a more significant shift in sentiment.
FOREXCOM:XAUUSDLong
by TheGoldenCircle
Macro Pressure or Opportunity to Accumulate?XAUUSD 24–28 June: Gold Slides to Buy Zone – Macro Pressure or Opportunity to Accumulate? 🔍 Macro Outlook – A Volatile Week for Gold Traders Gold is navigating through a complex macroeconomic landscape this week, with multiple factors weighing in: ✅ Middle East Tensions Resurface Israel has declared plans to retaliate against Iran following a ceasefire violation, increasing geopolitical risk. This situation historically supports safe-haven demand for gold when it escalates. ✅ US Economic Data May Soften Fed’s Tone The U.S. economy is showing early signs of cooling: Housing market data fell short of expectations. PMI data indicates manufacturing and services are slowing. If the Core PCE Index (set to release this week) confirms soft inflation, expectations for a Fed rate cut in September may solidify, putting pressure on the USD and boosting gold. ✅ China & India Are Stocking Up on Gold India’s jewelry and central bank demand is on the rise ahead of budget season. Meanwhile, China continues to increase its gold reserves for the 19th consecutive month, offering underlying support to the price. 📉 Technical Analysis – Is the Correction Bottoming Out? XAUUSD remains in a downward-sloping channel on the H1/H4 chart, but prices are approaching key support zones with strong historical demand. EMA 34 – 89 – 200 still show downward momentum. However, RSI divergence is forming on the lower timeframes, signaling potential bullish pressure. A clear FVG (Fair Value Gap) around the $3367–$3369 zone presents a strong liquidity zone for reversal. ✅ Trading Plan for XAUUSD 🔵 BUY ZONE: $3278 – $3276 Stop Loss: $3270 Take Profits: TP1: $3282 TP2: $3286 TP3: $3290 TP4: $3294 TP5: $3298 TP6: $3302 TP7: $3305 TP8: $3310 📌 Reason to Buy: Price is approaching the bottom of the descending channel with visible demand zone, enhanced by RSI divergence and macro geopolitical pressure favoring safe-haven flows. 🔴 SELL ZONE: $3367 – $3369 Stop Loss: $3375 Take Profits: TP1: $3364 TP2: $3360 TP3: $3356 TP4: $3352 TP5: $3348 TP6: $3344 TP7: $3340 TP8: $3330 TP9: $3320 📌 Reason to Sell: This is a key FVG resistance area where sellers have previously stepped in aggressively. If price retests without momentum, it's likely to reject back toward support. 📎 Summary for Indian Traders This week’s gold strategy is a balance between short-term technical plays and long-term macro shifts. Keep your eyes on PCE data, USD movement, and any flare-up in Middle East tensions. Each of these could serve as catalysts for either a bounce or continuation.
OANDA:XAUUSDShort
by MMFlowTrading
Gold Slips Sharply Ahead of Key US DataGold (XAUUSD) kicked off the week with a steep decline, currently hovering around $3,345 — down over 200 pips from the session’s open. This move unfolds just ahead of a series of major US economic releases, including PMI figures, Q1 GDP, and most importantly, the Core PCE Index — the Fed’s preferred inflation gauge. Markets are anticipating that Core PCE will remain elevated, reinforcing the case for prolonged high interest rates, which in turn adds pressure on safe-haven assets like gold. From a technical perspective, the short-term chart has just formed a price GAP. If buyers capitalize on this setup, there’s a potential opportunity to target a gap fill. However, bearish pressure remains strong. If any recovery fails to break above the $3,389 resistance zone, traders should consider sticking with the prevailing downtrend. Wishing you a successful trading day ahead!
OANDA:XAUUSDShort
by Kevinn_Nguyen
1
Natural Gas Futures: Triangle Breakout and New Impulse UnfoldingNatural Gas Futures (MCX) is showing an interesting Elliott Wave structure unfolding. After completing a corrective Y wave near 133.6, prices started a well-defined impulsive advance. The initial advance took shape as a 5-wave structure (yellow degree), completing wave 1 at 261.2, followed by a healthy correction into wave 2 at 156.7. The subsequent rally carved out another 5-wave pattern (green degree), pushing prices toward 407.8, marking a likely completion of wave 3. The corrective wave 4 unfolded as a typical contracting triangle (ABCDE), finding support around 297.3. This triangle structure respected the Elliott guidelines quite well and indicates a potential setup for the next impulsive leg higher. Post-triangle, the initial move up to 359.2 can be counted as wave i of the next larger impulse. The ongoing retracement has pulled back close to 61.8%–78.6% Fibonacci levels, a common zone for wave ii corrections. The RSI continues to print higher lows, supporting the underlying bullish sequence. The invalidation zone is clearly marked around 297.3. As long as price remains above this level, the possibility of an ongoing bullish impulse remains valid, with eventual targets extending much higher toward the 1.618 projection zone near 503. This remains a developing wave count, with structure still unfolding. Monitoring how price reacts around current levels will provide further clues whether the larger bullish sequence resumes or deeper correction emerges. 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:NATURALGAS1!Long
by WaveXplorer
XAU/USD Double Bottom Breakout Bullish Momentum Incoming!🔄 XAU/USD Double Bottom Breakout 💥 | 🚀 Bullish Momentum Incoming! Analysis: 🟡 Double Bottom Pattern: Two clear lows have formed around the $3,340 support, signaling a potential reversal. 🟦 Accumulation Zone: The price consolidated in a range, indicating strong buying interest before the breakout. 🟣 Bullish Momentum: Recent aggressive bullish candles show strong buying pressure. 📈 Breakout & Retest Zone: If the price holds above $3,370, a bullish continuation toward $3,409 and possibly $3,445 is expected. 🧭 Target Area: Marked with a blue box, the upside potential is clearly projected. Conclusion: A successful retest of the breakout level may lead to a strong bullish run. Keep an eye on $3,370 as the pivot zone. 🎯
OANDA:XAUUSDLong
by ZareeFxTradingAac
OSZAR »