CPI data market, buy gold!Fundamentals:
Focus on CPI;
Technical aspects:
As expected in my previous article, gold has rebounded to the area around 3250-3260 as expected.According to the current structure, gold tends to fluctuate upward in the short term; it may even extend to the 3280-3290 area.Gold rebounded after touching 3207, and combined with the secondary low point near 3215 to form a "W" structure. This technical structure has formed a strong support structure for gold prices; and after the bad news is exhausted, the on-site wait-and-see funds will gradually enter the market, which will also push up the gold price to a certain extent. So I think gold still has the conditions to challenge the 3280-3290 area!
Trading strategy:
Consider starting to go long on gold in batches in the 3250-3240 area, target price: 3270-3280
Goldbuy
GOLD Correction Complete - Rally Toward $3,450 AheadOANDA:XAUUSD is trading within a well-defined ascending channel, signaling ongoing bullish momentum. The price has continued to respect the channel structure, printing higher highs and higher lows, a clear sign of an intact uptrend. The recent retracement represents a healthy correction, potentially setting the stage for another bullish leg.
Price is now approaching a key support zone, marked by the lower boundary of the channel and a previous demand area. If this zone holds, it may offer a strong re-entry opportunity for buyers. The projected upside target is $3,450, which aligns with both the midline of the ascending channel and a previous resistance level.
As long as the price remains above the support zone and the ascending trendline, the bullish scenario remains valid. A break below this level, however, could invalidate the setup and increase the likelihood of a deeper retracement.
Always confirm your setups and trade with a proper risk management.
Best of luck!
Start buying goldTechnical aspects:
Gold has bottomed out and rebounded after a rapid decline today. It has now stood above 3330. When gold breaks above 3330, it has to some extent broken away from the technical repair structure and began to tend to a bullish pattern in terms of form. Although gold is currently under pressure in the 3350-3360 area, as the center of gravity of gold moves up, the support below has gradually moved up to the 3325-3315 area. So I think there is still room for gold to rise, and it may continue to rebound to the 3345-3365 area.
Trading strategy: Consider going long on gold in the 3330-3320 area, TP: 3345-3365
GOLD Analysis - Can buyers push toward 3,410$?OANDA:XAUUSD is trading within a clear ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting there's chances for potential continuation on the upside.
The price has recently broken above a key resistance zone and now came back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward the 3,410 target, which aligns with the channel’s upper boundary.
As long as the price remains above this support zone, the bullish outlook stays intact. However, a failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a deeper pullback.
Remember, always confirm your setups and use proper risk management.
Gold still has the potential to extend to 3420-3430.Fundamentals:
Focus on the Fed's interest rate decision;
Technical aspects:
Gold rose to 3397 and encountered resistance and fell back, and the bulls' momentum was insufficient. But I think the gold bulls are far more than that. Gold is bound to hit 3400, and even continue to the 3420-3430 area; since gold rebounded after hitting 3200, it has repeatedly built a solid bottom structure support below, and the oscillating rise has effectively supported the continued rebound of gold. As the center of gravity of gold moves up, the support structure also gradually moves up. The current short-term support is in the area around 3380-3370, and the second is in the area of 3365-3355.
Trading situation:
According to today's trading strategy: Go long on gold at 3350 in the morning and around 3375 in the afternoon. In order to lock in profits in time, manually close orders at 3366 and 3394 respectively. Today, the total profit in gold long transactions exceeded 360pips.
Trading strategy:
During the rising shock, there are profit opportunities for both long and short parties in some areas, but currently, overall, bulls have the advantage and are mainly long gold. Consider the opportunity to go long when gold falls back to the area around 3380-3370, TP: 3400.
Wed 7th May 2025 XAU/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD Buy. Enjoy the day all. Cheers. Jim
Note: This isn’t a great setup as price is already at the previous high and the MACD is just below the zero level. But I had to take it because I am committed to my MSH (multi sequence hedging) strategy. So if you are a traditional type trader, then standing aside on this trade would probably be the smart thing to do.
Buy gold, it may continue to rise to 3400-3420!Fundamentals:
Focus on Trump and the Fed’s dynamics;
Technical aspects:
Gold rose to the 3380 area as expected, and even exceeded expectations to 3387. Since gold rebounded near 3222, the willingness to retreat during the rebound was not strong. The lows were constantly raised, and the highs gradually broke upward, which was a very typical shock rise pattern. As the center of gravity of gold shifted upward, the short-term resistance moved up to the 3350-3340 area. Once gold hits this position and rebounds, it may continue to rise to the 3400-3420 area.
Trading strategy:
Consider the opportunity to go long on gold after gold retreats to the 3350-3340 area, TP: 3380
Buy gold, it will continue to 3350!Fundamentals:
Focus on Trump and the Fed;
Technical aspects:
Currently, gold is moving in a fluctuating upward manner, and in the short term, the effective double bottom structure constructed in the area around 3200 and 3220 supports the continued upward movement of gold. In the short term, gold is not very willing to fall, and it has not even been able to fall back below 3300 again. If gold breaks through the 3330-3335 area during the rebound, then gold will inevitably continue to rise to the area around 3350, or even the area around 3380.
Trading strategy:
If gold retreats next, we will mainly focus on the opportunity to go long on gold in the 3315-3305 area; TP: 3350
(XAU/USD) Bullish Trade Setup – Targeting $3,506.52 with Entry aEntry Point: $3,221.19
Stop Loss: $3,169.80
Resistance Zone: Around $3,277.98 to $3,280.64
Target (TP) Point: $3,506.52 (Approx. 9.05% upside)
📊 Technical Indicators and Markings:
Moving Averages:
Likely a 50-period (blue) and 200-period (red) moving average.
Price is currently below both MAs, signaling a short-term downtrend.
Support & Resistance Zones:
Strong support around $3,207.67–$3,221.19 (entry area).
Resistance at $3,244.25–$3,280.64.
Stop-loss is strategically placed below support to limit downside risk.
Target Area:
Projected upside target is $3,506.52, with a potential 9.05% gain from the entry.
This is marked as the EA (Expert Advisor) Target Point, possibly suggesting this is a strategy from an automated trading system.
Orange Circles:
Likely indicate swing highs and lows, used to identify trend patterns and potential reversal points.
📈 Trading Idea Summary:
Bullish Setup: Buying at support, aiming for breakout above resistance to reach target.
Risk-Reward Ratio: Favorable, assuming price holds above $3,207.
Watch for Confirmation: Price needs to break above resistance around $3,280 for momentum continuation.
Gold Technical Update (4H Time Frame) / Gold BullishAs we mentioned last week, gold was consolidating on the 4H time frame. After the breakout, all our projected targets were successfully achieved as of yesterday.
Currently, gold is forming a bullish flag pattern on the 4H chart — a continuation pattern that often signals the potential for further upside.
If gold sustains above the 3275–3280 zone, we may see renewed bullish momentum with the following potential targets:
Target 1: 3300
Target 2: 3340
Target 3: 3360
Target 4: 3400
⚠️ This is a technical analysis-based outlook. Traders are advised to manage their positions with proper risk-reward strategies and stay updated with market developments.
Try going long gold in small batchesFundamentals:
Focus on US economic data and Fed dynamics;
Technical aspects:
Gold continues to fall and is currently testing the 3200 mark. It is undeniable that gold is currently in a clear bearish trend, and the foreseeable area below is the 3185-3175 area, which is a strong support in the short term. However, the long and short sides are currently wrestling at the 3200 mark, and I think there will still be repetitions in the short term. So gold should rebound before falling to the 3185-3175 area.
Trading strategy:
Consider trying to go long on gold in small batches in the 3210-3200 area, TP: 3220-3230.
Please note: In order to protect the security of the account, as gold rebounds, you can consider gradually moving up the SL to ensure profits.
Gold - Expecting Bullish Continuation In The Short TermH4 - We have a clean bullish trend with the price creating a series of higher highs, higher lows structure.
This strong bullish momentum is followed by a pullback.
Until the two Fibonacci support zones hold I expect the price to move higher further.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
No fear of retracement, continue to be long on goldFundamentals:
1. First, focus on Trump and the Fed’s dynamics;
2. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc.
Technical aspects:
Gold fell after touching 3330, but it is obvious that the retracement space of gold is being compressed. The lowest price of gold only fell back to 3313, and it did not even make any attempt below 3310. With the continuous consolidation and strengthening of the support in the 3310-3300 area, the double bottom structure and the arc bottom form a technical resonance in the short term. Gold should still have room to continue to rise. I expect that gold is likely to continue to rebound and extend to the 3350-3360 area.
Trading strategy:
It is possible to consider going long on gold again after gold falls back to the 3315-3305 area, and expect gold to rise above 3350 as expected!
Buy gold, gold is expected to rebound to the 3330-3335 zoneFundamentals:
1. First, pay attention to the dynamics of Trump and the Federal Reserve;
2. Pay attention to whether the geopolitical conflicts will escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran.
Technical aspects:
Gold rebounded and tested the area near 3353, then encountered resistance and fell back. During the decline, it stopped falling near 3305, and in the short-term structure, a triple bottom structure and an arc bottom pattern were constructed around the price of "3308-3305-3308", proving that in the 3310-3305 area, there is a large amount of buying funds entering the market in the short term; in addition, before the NFP market, it is difficult for gold to form a unilateral trend, and overall gold is still in a state of shock.
Short-term trading strategy:
It is possible to consider buying gold in batches in the 3315-3305 zone; TP: 3330-33340
OANDA:XAUUSD FOREXCOM:XAUUSD FOREXCOM:XAUUSD FOREXCOM:XAUUSD TVC:DXY
Gold Sell and Buy Trading Plan Update!!!Hi Traders, on April 16th I shared this "Gold Sell and Buy Trading Plan"
I expected short term bearish moves towards the Fibonacci support zones and then continuation higher. You can read the full post using the link above.
Price provided a small bearish move and then it continued higher further!!!
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold Sell and Buy Trading PlanH4 - We had a strong bullish move with the price creating a series of higher highs, higher lows structure
This strong bullish move ended with a bearish Divergence
While measuring this strong bullish move using the Fibonacci retracement tool we have two key support zones that has formed (marked in green)
So based on this I expect short term bearish moves now towards the Fibonacci support zones and then continuation higher.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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GOLD Analysis: Will buyers push toward 3,230?OANDA:XAUUSD continues to trade within a clearly defined ascending channel, with price action consistently respecting both upper and lower boundaries. The recent price action suggests buyers are currently in control, indicating the potential for continued upside.
Given the strength of the current bullish momentum, there is a strong likelihood that price may break above the key resistance zone. If that happens, it could come back to retest the level as support before continuing higher. A successful retest would reinforce the bullish structure and open the door for a potential move toward the 3,230 target, which aligns with the channel’s upper boundary.
However, if price fails to break above the resistance zone, it could signal weakening bullish momentum and open the door for a deeper pullback toward the lower boundary of the ascending channel.
Always confirm your setups and manage your risk accordingly.
Best of luck!
Fri 11th Apr 2025 Daily Forex Charts: 8x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a AUD/JPY Buy, XAU/USD Buy, AUD/USD Buy, XAG/USD Buy, NZD/USD Buy, NZD/CAD Buy, GBP/AUD Sell & GBP/USD Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
Road to 3200Gold had a strong 4hr timeframe rejection from the 2960-2980 zone.
Also had a triple bottom in the same area.
Showing super strong signs of another bullish run.
Gold is making the strong move up to the 3140 area once 3100 is broke.
Should get a small rejection off the 3140 zone before a strong push up to a new all time high.
Next all time high goal is 3200 🚀
Short Notes:
•Run up to 3140 (Small rejection/load up zone)
•Then Load up zone 3110-3100
•Take Profit area 3200
As always, trade safe during these high volatility times and go crush it!💰
Gold (XAU/USD) Bullish Breakout Trade Setup – Targeting 3,130Chart Analysis
Trend & Structure
CHoCH (Change of Character): Marked on the chart, indicating a potential trend reversal from bearish to bullish.
The price has broken above a descending trendline and is forming higher highs and higher lows, supporting a bullish bias.
EMAs
EMA 30 (red) and EMA 200 (blue):
EMA 30 has crossed above EMA 200, which is often considered a bullish signal.
The price is currently trading above both EMAs, reinforcing the upward momentum.
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Trade Setup
Entry Zone
The purple highlighted area between ~3,026 and 3,035, acting as a potential demand zone (previous