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Gold Spot / U.S. DollarGold Spot / U.S. DollarGold Spot / U.S. Dollar

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XAUUSD trade ideas

Gold Price Update: Key Breakout Level in Sight – Watch $3,434! Technical Analysis – XAU/USD Current Price: $3,371 Gold is trading inside a rising wedge pattern with strong resistance at $3,434. A daily candle close above $3,434 could trigger a breakout toward: 🎯 Target 1: $3,540 🎯 Target 2: $3,756 If rejected at resistance, price may drop to: ⚠️ Support 1: $3,325 ⚠️ Support 2: $3,001 (major weekly support) 🌍 Fundamental Outlook CPI Data Impact: Higher CPI → Gold bearish (rate hikes expected) Lower CPI → Gold bullish (rate cuts or pause likely) Federal Reserve Policy: Hawkish = Negative for gold Dovish = Positive for gold Other Drivers: USD Strength Geopolitical risks Central bank gold buying
FOREXCOM:XAUUSDLong
by FXNEWSCLUB
XAUUSD Bullish Trend Fallowing the chart condition Gold continues its bullish trajectory, showing potential for an extension towards the 3400 level, driven by geopolitical concerns and dovish central bank sentiment. Recent tariff related comments from former President Trump have reignited global trade tensions. Fed Chair Powell's recent remarks suggest a cautious stance on future rate hikes, reinforcing bullish sentiment in precious metals. Technical Overview: Last Friday, XAUUSD reached the 3368 resistance zone, a critical level where price may consolidate. Momentum remains strong, and if the price breaks above this zone with volume confirmation, the next leg could target 3380–3400 However, caution is advised: if the price falls below 3342, but then regains ground quickly, it may still continue in the bullish trend. You may find more details in the chart Ps Support with like and comments for more analysis.
FX:XAUUSDLong
by MrMartin_11
11
Report - 10 jully, 2025Germany Pushes European Rearmament — Supply Chain Call to Action Key Developments German Defense Minister Boris Pistorius demands the defense industry “stop complaining and deliver,” pushing for accelerated production. Berlin plans to raise annual defense spending to €162 billion by 2029 (+70% vs. current), the largest defense expansion since WWII. Focus on munitions, drones, tanks, submarines, fighter jets. Long-term contracts with annual purchase obligations to provide production certainty and encourage new capacity. Meeting with US Defense Secretary Pete Hegseth to secure US support and coordinate Patriot missile supply (Germany has only 6 left). Despite Ukraine’s renewed requests, Germany will not send Taurus long-range missiles. Strategic Analysis Germany’s pivot (the "Zeitenwende") signals a historic shift toward a leadership role in European defense, stepping up as US support for continental security wanes. The move reshapes Europe's industrial base and procurement priorities, creating a structural, multiyear demand boom in defense production. This strategic acceleration responds to: Russia's aggression and rapid advances in Ukraine. A fragmented EU defense industry needing standardization and scale. The risk that delays in rearmament could embolden adversaries. Market & Investment Implications Bullish outlook for European defense primes: Rheinmetall, Hensoldt, KMW, and MBDA. Strong orders pipeline supports supplier valuations and capital investments. Defense-focused ETFs and long-cycle industrial funds gain attractiveness. Potential execution risks: capacity bottlenecks and regulatory procurement hurdles. North Korea’s Unconditional Support to Russia — New Security Axis Key Developments Kim Jong Un pledges "unconditional support" for Russia’s Ukraine war effort during Lavrov’s visit. North Korea has reportedly sent 13,000 troops and 12 million artillery shells since October, with plans for more troops this summer. Joint military and economic ties deepening: possible new infrastructure projects and North Korean goods in Russian markets. Strategic Analysis The explicit military alliance between Moscow and Pyongyang cements a new anti-Western axis in Northeast Asia. North Korean boots on the ground in Ukraine (even indirectly) create significant escalation risks and could legitimize wider allied responses. Market & Security Implications Increases global defense spending momentum, particularly in missile defense and artillery systems. Heightens regional security risk premium in Northeast Asia, reinforcing demand for US-Japan-Korea trilateral cooperation. Potential new sanctions regimes targeting Russian and North Korean trade. EU to Intensify Foreign Subsidy Investigations Key Developments EU to expand probes into foreign-subsidized companies, particularly Chinese, using the Foreign Subsidies Regulation (FSR). Target sectors: chemicals, pharmaceuticals, cars, batteries, and green tech. FSR empowers Brussels to block public procurement bids, M&A deals, and restrict single-market access. Strategic Analysis A clear industrial policy pivot: Brussels seeks to protect European value chains, local talent, and technological sovereignty. The EU is signaling it will emulate China’s own JV requirements to force knowledge transfer and local investment. Market & Corporate Implications Defensive boost for EU industrial and tech players — potential reshoring and local capacity expansion. Risks for Chinese EV, solar, and battery players in Europe. New compliance costs and operational hurdles for multinationals with Chinese JV exposure. EU Temporarily Suspends Tariff Retaliation Against US Key Developments EU delays €21 billion in planned retaliatory tariffs on US exports following Trump’s 30% tariff threat. Negotiations ongoing; additional €72 billion of potential retaliatory measures being prepared. Germany’s finance minister stresses continued “serious talks,” warning of possible decisive countermeasures if negotiations fail. Strategic Analysis EU seeks to avoid a major trade war escalation that could hit vulnerable industries (aircraft, agriculture, luxury goods). The postponement reflects both economic pragmatism and strategic patience. Market Implications Near-term relief for European cyclical exporters and automotive supply chains. Volatility risk persists; underlying uncertainty keeps global supply chain hedging active. Global Health Risks from Western Aid Cuts Key Developments Wellcome Trust warns that sharp cuts in Western aid (e.g., 83% of USAID programs, UK’s 40% cut) could lead to deaths exceeding those caused by COVID-19 in Africa and other regions. Reductions threaten vaccination programs, HIV/AIDS prevention, and basic health infrastructure. Strategic & Social Implications Rising health crises could create regional instability, migration pressures, and political fragility. Potential for emergent humanitarian crises to undermine global economic resilience and security. Crypto Firms Move Toward US Banking Integration Key Developments Ripple, Circle, and BitGo seek national banking charters; Kraken to launch crypto-backed debit/credit cards. Trump administration’s pro-digital asset stance and proposed Genius Act accelerating integration of stablecoins with Treasury backing. Strategic Analysis Crypto players are rapidly shifting from an anti-establishment stance to a regulated model, seeking legitimacy and direct ties to the US banking system. This is a major strategic pivot toward mass-market adoption and integration. Market Implications Growth catalysts for regulated digital asset ecosystems. Opportunities in infrastructure (custody, payment rails, compliance tech). Regulatory framework evolution remains a key risk factor. US-Japan Relations Enter Critical Phase Key Developments Sharp deterioration in US-Japan ties as Trump imposes tariffs and demands higher defense spending (up to 3.5% of GDP). Japan’s requests for tariff exemptions rebuffed; possible alliance strain. US threatens to halt Okinawa troop relocation plans, creating a defense strategy crisis. Strategic Analysis Deepening transactional approach by US administration risks destabilizing one of Washington’s most strategic alliances. Japan’s ability to recalibrate is limited, leading to potential security vulnerabilities vis-à-vis China and North Korea. Market & Policy Implications Elevated geopolitical risk premium in Asia-Pacific. Potential reassessment of Japanese defense contractors and broader regional security investments. Possible long-term tailwinds for local defense and cybersecurity initiatives. Copper Tariff Uncertainty — Global Supply Chain Alert Key Developments US plans 50% copper tariffs from August 1; manufacturers seek clarity. Copper critical for EVs, semiconductors, defense, and green infrastructure. Stockpiles may last 6–9 months; longer-term supply risk remains acute. Strategic & Market Implications Significant inflationary pressures in downstream sectors. Supply chain disruptions could affect US manufacturing competitiveness, defense readiness, and green transition timelines. Potential opportunities for non-US copper producers and recyclers. Apollo's UK Pension Play — Bulk Annuities Strategy Key Developments Athora (Apollo-backed) acquires Pension Insurance Corporation for £5.7bn, entering the UK’s £500bn pension de-risking market. Signals strategy shift as US private capital increasingly integrates with retirement and insurance liabilities. Strategic Analysis Apollo’s model of “permanent capital” (buying long-duration liabilities to invest in high-yielding private assets) advances further into Europe. The move addresses demographic pressures and opens new fee streams. Market Implications Bullish for Apollo and similar alternative asset managers. Heightened scrutiny by regulators on risk transfer and solvency. UK pension de-risking market consolidation may create opportunities for specialized asset managers. Overall Global Themes & Recommendations Themes Structural defense rearmament and deterrence strategies reshaping Europe and Asia. Geopolitical realignments create new economic blocs and challenge global supply chains. Rise of state-supported industrial policies in Europe (FSR) and US (tariffs). Growing integration of crypto into mainstream finance under a friendlier US regulatory regime. Recommendations Overweight: European and US defense primes, cybersecurity, regulated crypto infrastructure. Underweight: Asian export-heavy sectors highly exposed to US tariff risk, particularly Japan. Selective Long: European industrial reshoring beneficiaries, US pension risk transfer facilitators. Monitor: Copper and critical mineral supply chains for inflation pass-through and supply constraints.
FOREXCOM:XAUUSD
by Buranku
Gold – Bear-to-Bull Transition in Motion?🧠 MJTrading: TVC:GOLD – 8H Chart: Bulls, It’s Your Move. 📸 Viewing Tip: 🛠️ Some layout elements may shift depending on your screen size. 🔗 View the fixed high-resolution chart here: The impulsive move from 3000 to 3500 wasn’t just a trend — it was a statement of strength. That rally carved the ATH, then left behind weeks of digestion and structural compression. Now, the market may be setting up for its next decision. Notice how each bearish leg has been shrinking — a classic behavioral signal that sellers are losing momentum — possibly a shift in control underway. We’re also pressing above the downtrend line from the ATH (3500), while the uptrend from 3000 remains clean and respected. We’re now testing the 3400 zone — a key battleground. 📍 If bulls want to reclaim the momentum and show dominance, this is the moment to act. 🔹 1st Support: 3363–3377 🔹 2nd Support: Rising trendline 🎯 Target Zone: 3455–3500+ (Liquidity Pool & ATH proximity) ⚠️ Break back inside the triangle could delay the breakout narrative. ⚠️ If momentum fails to increase from here, and bulls can’t break out with conviction, the market is likely to remain range-bound for longer — extending the sideways phase between 3250–3500. 💭 If you’re watching for a new ATH… stay sharp, stay structured — the market rewards patience and readiness. “If the structure speaks to you, let it echo, boost it.” 📐 MJTrading 🚀 What do you think? #GoldAnalysis #XAUUSD #MarketStructure #LiquiditySweep #AnythingCanHappen #MJTrading #ChartDesigner Psychology Always Matters: Click on them for the caption...
CAPITALCOM:GOLDLong
by MJElahifx
1
GOLD ROUTE MAP UPDATEHey Everyone, Another PIPTASTRIC day on the markets with our chart idea and levels playing out and being respected, as analysed. After completing the swing range test and full swing into 3306, we stated yesterday that we will now look for ema5 cross and lock above 3306 to open 3330. This was locked and loaded and completed the 3330 target today. We will now continue to look for ema5 lock above 3330 for a continuation into the bullish targets above or failure to lock will see rejections into the lower Goldturns for support and bounce inline with our plans to buy dips. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3358 EMA5 CROSS AND LOCK ABOVE 3358 WILL OPEN THE FOLLOWING BULLISH TARGETS 3389 EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET 3416 EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET 3439 BEARISH TARGETS 3330 - DONE EMA5 CROSS AND LOCK BELOW 3330 WILL OPEN THE FOLLOWING BEARISH TARGET 3306 - DONE EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SWING RANGE 3283 - DONE 3254 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
How to find solid trading opportunities amid gold volatility?Gold opened at around 3338, and then fluctuated and fell after reaching the highest point of 3344. The 3313 long orders that were publicly deployed yesterday reached the target range of 3327-3330 as expected and stopped profit smoothly. Although the overall trend is weak, it has never effectively left the range, and the typical bottoming rebound structure is still an important basis for the low-multiple thinking. The market rose to around 3340 in the short term and then fell again. The overall operation fluctuated and consolidated below 3340, and failed to reach the expected short order entry position, and maintained fluctuations until the close. At present, gold is still in the range of fluctuations. Although the hourly line has some fluctuations, there is no obvious directional breakthrough, and it is more of a consolidation and accumulation state. The upper short-term suppression focuses on the 3345-3355 line, which is the current primary resistance area; the lower support focuses on the 3325-3315 area, and the judgment of the long and short key nodes is maintained. The daily structure shows a yin-yang staggered pattern. The market sentiment is cautious and the long and short forces are relatively balanced. Before an effective breakthrough is formed, the operation should be based on support and pressure points to avoid chasing ups and downs and do a good job of risk control. Operation suggestions are as follows: 1. Go long near 3325-3315, with a target of 3340-3345. 2. Go short near 3345-3355, with a target of 3325-3320. Today is Friday, and it is recommended to respond steadily, focusing on the competition for key support and resistance areas. I will prompt more real-time strategies and entry points at the bottom, remember to pay attention to it as soon as possible.
OANDA:XAUUSDLong
by Trade-Daniel
Gold Rejected Post-CPI – Bearish Momentum Building Below $3,365Gold is currently trading near $3,338, continuing to show signs of rejection after testing the key $3,365–$3,392 resistance zone. The market has reacted to the July 15 U.S. CPI release, and despite initial volatility, gold failed to break above its major diagonal trendline, forming a lower high, a strong technical sign of weakening bullish momentum. If price breaks below $3,330, it could trigger a wave of selling pressure down to $3,303 and $3,248 in the coming days. Traders should monitor price behavior around these zones for short-term entry opportunities. 📌 Technical Breakdown Resistance Zone: - $3,365–$3,392 remains the critical ceiling where gold got rejected for the third time in recent sessions. - This zone aligns with the top of the descending wedge, long-term black trendline. Bearish Structure Forming: - After multiple attempts, gold could not sustain above the resistance. - A series of lower highs and a weakening bullish push suggest a bearish continuation is likely. Support Levels to Watch: - Immediate: $3,337 - Mid: $3,320 - Strong: $3,303 (0.382 Fib) and $3,293 - Final Target: $3,248 → $3,220 → $3,193 🔺 Bullish Invalidation Scenario If gold manages a clean breakout and close above $3,392, this bearish setup will be invalidated. In that case, upside targets would include: - $3,412 - $3,434 - $3,490 (macro trendline) But at the moment, that seems unlikely unless driven by unexpected fundamentals. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
OANDA:XAUUSDShort
by SibiSh
The high probability intraday trading strategy for gold is here!After gold fell below 3341 yesterday, the highest point of the rebound was around 3350-52. Today, we are long at 3320-25, and the target of 3340-45 has been reached. We continue to pay attention to the short-term suppression of 3340-45, but the overall rebound strength is limited. The 3340-45 point fell back several times last Friday, and it is now broken again. Therefore, we can participate in the short position at 3340-3345 in advance. Gold rebounded at 3322 today. Technically, it needs to rebound and repair when it falls back to 3316-20, so we can look for opportunities to go long below to seize the profit space of the rebound. From the 4-hour analysis, the short-term pressure above is around 3340-3345, and the current focus is on the support of the middle track 3310 at the hourly level. If the gold price can effectively hold the 3310 area, it is expected to bottom out and rebound and test the intraday high, but the upper rail resistance of the 3345 channel is strong, and it may still fall under pressure when it is touched, and the range shock judgment will be maintained at that time. In terms of operation, if you hold this support, you can consider light positions to try short-term longs, and pay attention to the short-term support of 3320-3315 below. Relying on this range to maintain the main tone of high-altitude low-multiple cycles during the day, the middle position is always more watchful and less active, cautiously chasing orders, and patiently waiting for key points to enter the market. I will prompt more specific operation strategies at the bottom, and pay attention in time. Gold operation strategy: Gold falls back to the 3322-3317 line to go long, the target is 3335-40 line, and continue to hold if it breaks.
OANDA:XAUUSDLong
by Trade-Daniel
3325–3315: Potential Bullish Reversal ZoneGold maintained a volatile trend today, but the highest intraday price only touched 3343. Overall, gold is still weak, but the bulls have not completely given up, and there is still a certain amount of energy, which limits the retracement space of gold. The current short-term support is in the 3325-3315 area. If gold cannot fall below this area in such a weak situation, the market may reach a consensus that 3325-3315 is the support area, thereby attracting a large amount of buying funds to flow into the gold market, thereby boosting gold to regain the bullish trend again and is expected to hit the 3350-3360 area. So for short-term trading, I currently prefer to start long gold with the 3325-3315 area as support, first expecting gold to recover some of its lost ground and return to the 3350-3360 area!
OANDA:XAUUSDLong
by Trading_Steffen
XAUUSD – Summer Triangle ConsolidationGold (XAUUSD) is unfolding a textbook contracting triangle on the 4H chart, currently developing leg D of the pattern. This structure has been forming over the past few months and reflects classic market behavior during the summer — slow, sideways consolidation as many participants are away for the season. Given the current structure, I expect one more leg down to form wave E, completing the triangle. Once this leg is in place and the support trendline holds, we could see a significant breakout to the upside in line with the broader bullish outlook on higher timeframes. This setup remains valid as long as price continues respecting the triangle boundaries. I’m watching for a clean rejection at the lower trendline near point E to validate the bullish breakout scenario. 📌 Seasonality, structure, and market tempo suggest patience as the consolidation plays out. The breakout opportunity may follow shortly after leg E concludes.
ICMARKETS:XAUUSD
by MrLiquidonFX
Gold - Week of 21st JulyWelcome to a new trading week. Price is compressing within a premium structure, boxed between clean supply and demand zones. While the overall trend remains bullish, momentum is clearly fading — so structure takes priority this week. 🟨 Weekly Bias: Neutral | Range-Bound Conditions There’s no clear directional conviction on the weekly timeframe — we’re in a consolidation phase. 📊 Technical Overview & Strategy We’re currently range-locked between: Main Supply: 3380–3405 Main Demand: 3275–3250 Until either breaks decisively, we treat this as a two-sided market. 🔹 Weekly Key Zones 🔸 3365–3390 (Primary Supply) Why it matters: Price was rejected cleanly from a previous weekly high (3377), aligning with a fresh Order Block (OB) and Fair Value Gap (FVG) from June. Context: No bullish Break of Structure (BOS) above 3375. Repeated wick rejections indicate strong supply. Game plan: If price returns, monitor M15–H1 for reaction. Consider shorts only if there's no BOS above 3390. 🔸 3430–3450 (Final Supply Barrier) Why it matters: Unmitigated OB from a macro swing high — the final ceiling before bullish continuation. Context: A clean BOS through this zone flips the larger structure bullish again. 🔸 3285–3260 (Key Demand Base) Why it matters: Last untouched bullish OB + FVG combo from early July. Context: No downside BOS yet. If price pulls back sharply, this zone offers a potential clean long from discount. 🔹 HTF Structure Summary Trend: Still bullish (no BOS down), but compression under key resistance Structure Range: 3390–3260 EMA Flow: Bullish, but extended — watch for pullbacks RSI: Bearish divergence above 3350 — potential retracement brewing 🕯️ Daily Zones 🔸 Supply Zones 3380–3405 – Main Daily Supply / Liquidity Pool Top of current range. Multiple upper wicks = rejection zone. Unless we get a daily close above 3405, this remains a trap for breakout buyers. 3355–3375 – Internal Supply / Inducement Block Acted as a consistent ceiling post-CPI. Often triggers fake breakouts and quick reversals — ideal for fading strength. 🟢 Demand Zones 3312–3300 – Mid-Range Internal Demand Reactive level post-CPI and NY session. Often used for stop hunts and intraday bounces. 3275–3250 – Main Daily Demand Held firm as support all month. Every dip here has resulted in strong rallies. A daily break below flips the HTF bearish. ⏱ H1 Execution Map 🚩 SELL ZONES 3358–3370 – Primary Intraday Supply Site of last week’s failed breakout. If price taps this and shows M15/M5 bearish momentum — it’s a sniper entry short. 3380–3395 – Upper Liquidity Trap Classic fakeout zone. If breakout fails with a sharp reversal, it’s prime territory for “fade and dump” trades. ⚪ DECISION ZONE (Neutral / Pivot) 3335–3345: A choppy, indecisive area. No clear OB or FVG. Avoid trading here — only observe and wait for clean setups on the edges. 🟢 BUY ZONES 3326–3332 – Primary Intraday Demand Strong evidence of absorption + sharp reversals. Look for clean M15/M5 snapbacks — a reactive long setup. 3311–3320 – Deep Demand / Fear Zone Sits below recent lows — ripe for liquidity sweeps. Only consider longs if a strong impulsive bounce follows. High risk, high reward. Disclaimer: For educational context only.
OANDA:XAUUSD
by FX_Scrubbs
1
Is This the Start of a New Gold Bull Run?News that must be paid attention to: 1. The Middle East region is in constant conflict and the situation is unstable, which may re-stimulate the market's risk aversion sentiment; 2. Trump strongly called for a rate cut, and many Fed directors agreed to the rate cut. Under the situation of internal and external troubles, can Powell withstand the pressure of rate cuts? In addition, the tense relationship between Trump and Powell, as well as the development of Powell's dismissal storm, have increased the market's risk aversion demand and enhanced the market's bullish sentiment; 3. The uncertainty brought about by the tariff issue may disrupt the market. Technical aspects: This week, the gold market is roughly a bottoming out and rebounding trend. We can clearly see from the recent candle chart that the recent trend line suppression is located near 3380, and this week gold has repeatedly encountered resistance and fallen in the 3375-3380 area, which has strengthened the suppression effect of resistance in this area to a certain extent; and gold has repeatedly tested the 3320-3310 area support during the retracement process. Gold has not fallen below the support of this area during multiple retracements, giving the market bulls great confidence. On Friday, gold hit 3360 during the rebound and closed above 3350, which is strong in the short term. As gold continues to rebound, the current bull-bear dividing line is in the 3345-3335 area. If gold cannot even fall below the 3345-3335 area during the retracement next week, it will greatly boost buying power and is expected to hit the 3380 area again. Once gold breaks through the 3380 area during the rise, there will be a chance to further continue the rise and test 3400, or even the 3420 area. Therefore, at the beginning of next week, if gold retreats to the 3345-3335 area for the first time, I think we must make an attempt to buy gold, first focusing on the target 3370-3380 area, and then bullish to the 3400-3420 area after a strong breakthrough.
OANDA:XAUUSDLong
by Trading_Steffen
Smart Money Concepts in Action: XAUUSD Tests Strong Resistance Market Context and Structure On the 1-hour chart, XAUUSD (Gold) has been in a bullish market structure, forming consecutive Breaks of Structure (BOS)—a clear sign of buying pressure and upward momentum. These BOS points mark moments when the market forms new highs, confirming bullish continuation. However, as price approaches the 3370–3380 zone, it reaches a well-defined resistance/supply area. This zone has previously rejected price and can be viewed as a region where institutional selling may occur. 🧠 Smart Money and Liquidity Concepts From a Smart Money Concepts (SMC) perspective, price often moves to areas of liquidity—zones where buy stops (above highs) or sell stops (below lows) are collected. In this chart: Price pushes up towards 3370, potentially grabbing liquidity above recent highs. This move could be a liquidity sweep, where the market fakes a breakout to trap retail traders before reversing. Such behavior often occurs near institutional zones, suggesting a possible distribution phase—where large players offload positions before a move in the opposite direction. ⚙️ Resistance Analysis: Why 3370 Matters The 3370–3380 area has acted as a ceiling in the past. Price is currently reacting near this level, showing early signs of rejection. This zone aligns with previous order blocks, where institutions may have placed sell orders. In educational terms, this shows how supply zones can act as natural turning points in a market, especially when price approaches them after an extended move. 📦 Support & Potential Downside If a reversal happens from this resistance, the next key support zone lies between 3300–3320. This level has historically acted as demand and could be revisited for price rebalancing or order filling. 📝 Educational Summary This XAUUSD chart provides a great learning opportunity in observing: How Break of Structure (BOS) confirms trend direction. The role of liquidity zones in trapping retail traders. How smart money operates around key levels like 3370. The importance of combining structure, zones, and reaction for confluence.
OANDA:XAUUSDShort
by Mentor_Michael03
Gold prices soared! Gold hit a five-week high!Market news: On Tuesday (July 22) in the early Asian session, spot gold rose and fell, and is currently trading around $3,390/ounce. Driven by the weakening of the US dollar, the decline in US bond yields and the increasing uncertainty in trade policies, the gold market broke out again, breaking through the $3,400/ounce mark, hitting a five-week high. As the deadline for the United States to impose new tariffs on global trading partners on August 1 approaches, market uncertainty provides strong support for international gold.In addition to the trade situation, the Federal Reserve's monetary policy trends have also added momentum to the rise in gold prices. The market expects that the probability of the Federal Reserve cutting interest rates in September has risen to 59%. The Federal Reserve's July meeting is expected to keep interest rates unchanged, but the market's expectations for an October rate cut have been fully digested. These policy uncertainties have further enhanced the attractiveness of gold as a safe-haven asset.This week, the London gold price ushered in a "critical node" market. Trade policy, US dollar fluctuations, central bank trends and safe-haven fund flows will become the core driving force of the long-short game in the gold market. On this trading day, Federal Reserve Chairman Powell delivered a welcome speech at a regulatory meeting. Pay attention to whether Powell involves remarks related to monetary policy. In addition, continue to pay attention to news related to the international trade situation and geopolitical situation. Technical Review: The gold daily chart is strong and oscillating upward. The MA10/7-day moving average maintains a golden cross and opens upward. The hourly chart and the four-hour chart Bollinger band open upward, the moving average system maintains an upward opening, and the price fluctuates upward along the MA10-day moving average. Yesterday, the Asian session fell slightly to 3346 and stabilized. The bottoming out and pulling up again broke through and stood on the hourly line middle track, which means short-term stabilization! So yesterday's Asian session rose, the European session continued to break high, and the US session still had a second pull-up; but because it is in a period of oscillation, wait patiently for a wave of stabilization before taking action. The reference point selected should pay attention to the 382 split support, that is, 3370, which happens to be the top and bottom conversion support point, followed by the 3356-3358 split support and the middle track. Today's analysis: Gold rose strongly yesterday, breaking the highest level in the past month. After the price of gold rose yesterday, it did not rise and fall like before. Instead, it broke through multiple resistances and came to the 3400 mark. From the one-hour market, the direction of the market is very clear, but it is still not recommended to buy directly. Waiting for a fall before getting on the train is the safest strategy!The Asian session gold price was blocked near 3400, and the one-hour market showed a small double top structure, which means that the market will still adjust in a short time. Therefore, do not buy in the Asian session, wait for the adjustment to continue to buy, and the support below is the top and bottom conversion position of 3370. After the Asian session gold price adjusted to 3370 and walked out of the bottom structure, continue to buy. The general direction of this round is to look at the 3450 line! Operation ideas: Buy short-term gold at 3375-3378, stop loss at 3366, target at 3400-3420; Sell short-term gold at 3425-3428, stop loss at 3436, target at 3390-3370; Key points: First support level: 3383, second support level: 3370, third support level: 3358 First resistance level: 3403, second resistance level: 3416, third resistance level: 3428
OANDA:XAUUSDLong
by NicolaZhu