Gold Finds Supports โ Is the Rebound About to Begin?Gold ( OANDA:XAUUSD ) declined to the Support zone($3,312-$3,290) and Support lines as I expected in the previous idea .
Gold is currently trading in the Support zone($3,312-$3,290) and near a set of support lines .
In terms of Elliott Wave theory , it seems that Gold has completed the Zigzag Correction(ABC/5-3-5 ) and we should wait for the next 5 impulse waves . One of the confirmation signs of the end of these corrective waves could be the break of the resistance line .
I expect Gold to trend higher in the coming hours and rise to at least $3,343 AFTER breaking the Resistance line .
Second Target: $3,364
Note: Stop Loss (SL) = $3,287
Gold Analyze (XAUUSD), 1-hour time frame.
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GOLD trade ideas
Continue to try to find the top of the band to short goldGold maintained a slow and volatile rise structure during the day. The highest has reached 3348, and it is only a step away from 3350. Will gold continue its upward momentum as usual?
In fact, it was beyond my expectation that gold could break through 3345 in the short term. According to my original expectation, the intraday high of gold was almost around 3345. Although the rebound of gold exceeded expectations, it is currently located near the resistance of 3348-3350, so I will definitely not give priority to chasing gold at high levels in short-term transactions.
Moreover, gold is currently in the resistance area of โโ3348-3350. The volatility of gold has converged, and the upward momentum has declined. As gold continues to rebound and faces the key resistance area again, the bulls are relatively more cautious. In this context, this resistance area may act as a catalyst, and the bears will react, leading the decline in gold. However, as gold rebounds and the support below gradually stabilizes, we can appropriately reduce the expectation of gold's decline and adjust the decline target to the 3330-3320 area.
So for short-term trading, I will still short gold based on the resistance area, trying to find a swing top in the 3340-3350 area, and look at the target area of 3330-3320.
Gold price rises as expected, is 3400 far behind?
๐กMessage Strategy
Trump announced on Friday that he would impose a 35% comprehensive tariff on Canadian imports, which will take effect on August 1, which caused a market shock. As Canada's largest trading partner, the United States accounts for 76% of Canada's exports in 2024. This move will undoubtedly have a profound impact on the global supply chain and trade pattern.
In addition, Trump's tariff policies on copper and Brazil have further exacerbated market uncertainty, pushing gold prices to break through key technical resistance levels and move towards the $3,400 mark.
The Fed's policy moves also have an important impact on market sentiment. The minutes of the June meeting released on Wednesday showed that the Fed's internal concerns about tariffs potentially pushing up inflation are growing. The minutes pointed out that "most participants emphasized that tariffs could have a more lasting impact on inflation."
Despite this, the Fed reiterated that it would remain on the sidelines and wait for further clarity on inflation and economic activity. At present, according to the market forecast of the CME FedWatch tool, the probability of a 25 basis point rate cut in September has risen to 62.9%, reflecting investors' expectations that the Fed may ease early.
๐Technical aspects
Yesterdayโs strategic recommendations mentioned that the effective support level for gold was in the 3280-3285 range. Today, gold fell back to the 3280 level, stabilized, and began to rise, perfectly reaching the target.
From a technical perspective, gold has shown significant upward momentum this week. The daily chart shows that the price of gold has successfully broken through the symmetrical triangle resistance and touched the 20-day simple moving average (SMA) of $3,339.97.
This breakthrough marks a strengthening of the short-term technical pattern, showing that bulls have the upper hand. The relative strength index (RSI) has rebounded to around 55 on the daily chart and is trending upward, indicating that there is slight bullish momentum in the market.
However, in the short term, the upside of gold may be limited by the 23.6% Fibonacci retracement level ($3,370). If this level can be effectively broken, the psychological level of $3,400 and the June high of $3,452 will become the next target.
๐ฐStrategy Package
Long Position:3335-3340๏ผSL๏ผ3320๏ผTarget: 3370-3400
XAUUSD Bullish Structure Intact: Eyes on the All-Time HighGood day, traders. Taking a look at the Gold (XAUUSD) daily chart, we see a very clean and persistent bullish structure that has been developing since the start of the year. The primary driver of this analysis is the well-defined ascending trendline that has served as foundational support for the entire uptrend.
The Bullish Thesis:
Price action has consistently printed higher lows, bouncing cleanly off the ascending trendline multiple times. Each test of this support has been met with strong buying pressure, propelling the price to new highs. This pattern establishes a clear path of least resistance to the upside.
Currently, the price is challenging the immediate resistance zone around the 3,365 level. A decisive daily close above this area would be the first signal that the next leg up is underway.
First Target: A break of current resistance opens the door to test the Next Resistance at approximately 3,450. This level aligns with the previous significant high from early June.
Ultimate Target: The main prize for the bulls is the All-Time High sitting just above at 3,500. This is a major psychological and technical level. A break and hold above this zone would signal a new phase of price discovery.
The Bearish Invalidation:
For this bullish outlook to be invalidated, we would need to see a convincing break and daily close below the primary ascending trendline. Such a move would indicate a significant shift in market structure. Should this occur, key support zones to watch on the downside are:
The horizontal support area around 3,150.
The major structural support zone around 3,000.
Conclusion:
The technical picture for Gold remains firmly bullish. The structure is clear, and the trend is your friend. As long as the price continues to respect the ascending trendline support, the bias is to look for buying opportunities on dips or breakouts. The immediate focus is on clearing the 3,365 resistance to unlock the path towards the 3,450 and 3,500 targets.
Disclaimer:
The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Gold Market Rejects 3330 โ Bullish Sweep Targets 3356Gold market forms a new stance as 3330's fail to hold significant supply. This rejection triggers a bullish sweep, with price now poised to target 3356 for the next leg of movement. Watch for continuation signals as momentum builds.follow for more insights , comment and boost idea
The rebound is under pressure and the retracement is furtherFrom the 4-hour analysis, the support below today is around 3309-16.
The short-term bullish strong dividing line is around 3295-3301. The overall bullish rhythm of high-altitude and low-multiple continues to remain unchanged.
Before the daily level falls below the 3300 mark, any retracement is a long opportunity, and short positions against the trend should be cautious.
Elliott Wave Analysis โ XAUUSD July 11, 2025
๐ Momentum:
D1 timeframe: Momentum is currently rising, suggesting that the bullish trend is likely to continue for the next few days.
H4 timeframe: Momentum is also bullish, indicating that the uptrend is likely to dominate today.
๐ Elliott Wave Pattern:
On the H4 chart, price action is in the final stage of a contracting triangle correction.
Price is now approaching the upper boundary of the triangle. With both D1 and H4 momentum in alignment, the probability of a breakout to the upside is high.
If this breakout occurs, we can expect a move toward the 3393 area, which is a key level to confirm whether the corrective phase has truly ended.
๐ฏ Price Targets:
Current area (3330โ3332): A potential opportunity for a scalp BUY, supported by bullish momentum on H4.
Next support zone: 3315โ3317 โ a solid area for a mid-term BUY entry if thereโs a pullback.
โ ๏ธ If price breaks below 3279, the current wave count becomes invalid and a new analysis will be provided.
โ
Trade Plan:
๐น SCALP BUY
Entry: 3332 โ 3330
SL: 3327
TP1: 3363
TP2: 3390
๐น MID-TERM BUY ZONE
Entry: 3317 โ 3315
SL: 3307
TP1: 3342
TP2: 3363
TP3: 3390
GOLD On July 9, 2025, the FOMC Meeting Minutes from the June 17-18 session were released, providing insights into Federal Reserve policymakers' views on monetary policy, inflation, and economic risks.
Key Highlights from the FOMC Minutes:
The FOMC unanimously voted to hold the federal funds rate at 4.25%โ4.5% .
There was a notable split among members regarding the impact of tariffs on inflation:
Some saw tariffs causing only a one-time price increase with no lasting inflation effect.
Most feared tariffs could lead to more persistent inflationary pressures
The committee acknowledged elevated uncertainty around tariff policy and its timing, size, and duration of inflation effects.
Labor market conditions were viewed as solid but with some softening expected due to policy uncertainty and tariffs.
The committee remains cautious about the trade-offs between inflation and employment goals, favoring a gradual approach to future rate cuts.
Only a narrow minority of policymakers supported an immediate rate cut with most preferring to wait for clearer economic signals.
Market Reaction and Price Action
Gold Price Action:
Gold prices reacted to the minutes with modest volatility, as persistent inflation concerns support goldโs safe-haven appeal.
Gold remains near elevated levels around $3,250 to $3,316 per ounce, consolidating after recent gains.
The cautious Fed stance and tariff uncertainty underpin demand for gold as a hedge against inflation and geopolitical risks.
Summary Table
Event Details
FOMC Rate Decision Held at 4.25%โ4.5%
Inflation Views Split on tariff impact; risk of persistent inflation
Rate Cut Support Narrow support for immediate cut in July
Overall Outlook
The Fed minutes reinforce a cautious, data-dependent approach to monetary policy, with inflation risks balanced against growth concerns.
Gold benefits from ongoing inflation worries and geopolitical uncertainty, maintaining strong support.
#GOLD
GOLD BUY M15 XAU/USD (Gold) 15-Min Chart Analysis โ July 11, 2025
The chart shows a bullish setup forming after a Break of Structure (BOS) and Change of Character (CHoCH), indicating a potential shift in market sentiment from bearish to bullish.
Key Analysis:
Price Level: Currently trading around $3,331.
Support Zone: A demand zone is marked in purple around the $3,330 โ $3,325 range.
SL (Stop Loss): Placed at $3,321 to protect against downside risk.
EQH (Equal Highs): Indicates liquidity buildup, hinting at a possible breakout above.
Entry Zone: A potential long entry is expected after a retest of the highlighted demand area.
Bullish Scenario:
After a successful retest of the demand zone, price is expected to push higher in waves.
Multiple targets are defined above current levels.
Targets:
1. First Target: $3,335
2. Second Target: $3,340
3. Final Target: $3,345
This setup suggests a strong buying opportunity with a favorable risk-reward ratio if the support zone holds.
Gold delivering excellent Scalp opportunitiesGold has tested #3,330.80 Resistance and got rejected many times as I firstly Bought Gold from #3,322.80 towards #3,330.80 Resistance zone in extension. Later on, I have added Selling order on #3,327.80 to the downside and closed it on #3,320.80. I have engaged Buying order on #3,318.80 Support once again and added more Buying orders on #3,321.80 / closed all before #3,327.80 and ultimately Sold again on #3,327.80 towards #3,318.80. Excellent Scalping opportunities throughout yesterday's session.
Technical analysis: Since the #3,318.80 breakout point was not compromised, the Price-action Naturally spiked to the #3,327.80 - #3,330.80 Resistance zone mentioned on the previous commentary. Based on the #5-session Higher Highโs sequence, this zone is the new local Highโs (very possible that Price-action is pricing a Top here, temporary or not) and as both the Hourly 4 chart and Daily chart are Neutral to a very great extent and does not look so good for Buyers (Gold is already critically Overbought within #3,340's, I should Naturally expect a correction within #1 - #3 session horizon. The Technical answer is the Hourly 1 chartโs Support near #3,327.80, which has been always touched after every Higher Highโs rejection and holding as flood gate towards #3,322.80 and #3,318.80 wall of Support zones. Gold is kept Higher on pure Fundamental gradient and weak DX (on a parabolic downtrend) but this state has to end sooner or later and Gold should continue itโs Bearish trend and connect with the fair Technical Price around #3,300.80 mark or less. The turmoil with the Inflation in U.S. causing Investors turn to capital from riskier assets for protection (safe-havens in High demand such as Gold), thus causing Gold to gain value. Regardless, DX is the strongest correlation driving Gold at the moment. Fundamentally though Gold is Bullish and cannot overcome such patterns as it is overreacting to every DX and Bond Yields movements.
My position: I am currently Buying #3,332.80 Bottom (third Scalp this morning all closed on #3,335.80) and holding last one until #3,340.80 ideally and with that regardless what happens on U.S. opening, I will call it for the session and comfortably take early weekend break since I am Highly satisfied with my returns. Enjoy the Profits and have a great weekend!
Xausd techinical analysis.This chart shows the Gold Spot vs. U.S. Dollar (XAU/USD) on the 1-hour timeframe, with current price action around 3,311.195.
Key Observations:
1. Descending Trendline (blue):
Shows recent bearish structure with lower highs.
Price is now testing this trendline from below.
2. Support and Resistance Zones (purple boxes):
Support: Around 3,303 โ 3,306 (recent consolidation area).
Resistance: Around 3,327 โ 3,332 (previous high and zone of interest).
3. Breakout Setup:
Blue arrow indicates a possible bullish breakout scenario.
The price is projected to break above the descending trendline and move toward the upper resistance zone (~3,330+).
4. Volume/Events Icon:
Icons suggest potential news events or volatility (such as U.S. data or FOMC-related impact), possibly increasing breakout chances.
Implication:
This is a bullish scenario suggesting:
A breakout of the descending trendline.
Retest of the breakout level.
Continuation toward the resistance zone (~3,330).
Strategy:
If trading this:
Entry: On confirmation of breakout and retest above 3,310โ3,312.
Target: 3,327โ3,332.
Stop Loss: Below the recent support ~3,300.
Would you like help building a trade plan or checking the fundamentals behind this move?
GOLD UPDATE โ Key Supply Zone Reached๐ GOLD UPDATE โ Key Supply Zone Reached
Price is currently reacting from the 3340โ3341 supply zone. If this level fails to hold, next target will be the upper zone at 3350โ3358.
๐ฅ Active Supply Zone: 3340โ3341
๐ฏ Next Supply Zone Above: 3350โ3358
๐ฉ Demand Support Below: 3310โ3313
This is a crucial area โ watch for rejection or clean breakout for directional bias.
Gold Price Analysis July 11Gold price today continues to maintain a strong upward momentum after breaking the previous support trendline (gold wire). Currently, SELL orders should only be considered as short-term response transactions, with priority given to monitoring to join the main trend.
โ
Trend: Up has been confirmed, the nearest target is towards the 3390 area today.
๐ Key Levels:
Support: 3330 โ 3314
Resistance: 3345 โ 3362 โ 3388
๐ฏ Trading strategy:
SELL activation: Watch the 3345 area, only SELL when there is a price rejection signal with a confirmation of a decrease.
Potential SELL area: 3362 โ 3387 (strong resistance).
BUY Activation: Look for buying opportunities at support 3330 โ 3314 if there is a clear bullish reversal signal.
Gold price surge, today will have a declineโ๏ธ OANDA:XAUUSD The recovery of the D1 candle and the closing candle above 3313 means that the market's downtrend has almost been broken.
The reaction at the current trendline 3284 is still very strong. The price is strongly supported by the buyers, causing gold to return to trading in a wide range.
The 3328 zone will be important in the near future. If it does not break, there will be a decline to the Gap price zone this morning. Trading according to the top-bottom method is suitable for the current market.
Support: 3312-3295-3279
Resistance: 3328-3339-3349-3363
Sell trigger: rejection from 3328โ3,340 resistance block
Target: 3295 Support zone, followed by 3279 lower zone
Leave your comments on the idea. I am happy to read your views.
Gold Price Analysis July 10๐น XAUUSD Analysis โ D1
Yesterday's D1 candle showed a strong recovery, closing above 3313, thereby significantly weakening the previous downtrend structure. Currently, the price is reacting very strongly at the trendline around 3284. Buying pressure is clearly appearing, pushing gold back to trading in a wide range.
In the short term, the 3328 area will play an important resistance role. If the price cannot break this area, the possibility of a correction down to the Gap price area this morning is quite high. The peak-bottom trading method is still giving suitable signals in the current market context.
๐น Important zones:
Support: 3312 โ 3295 โ 3279
Resistance: 3328 โ 3339 โ 3349 โ 3363
๐ก Strategy:
Confirm the trading signal when the price clearly rejects the resistance zones to ensure the highest winning rate.