XAUUSD Gold price moves closer to three-week peak amid modest USD downtick
Gold price regains positive traction amid a modest USD pullback from a multi-week high. Persistent trade-related uncertainties also lend support to the safe-haven precious metal. Reduced Fed rate cut bets might cap the commodity ahead of the critical US CPI repo
Fundamental Overview
Amid US President Donald Trump’s fresh tariff threats announced late Monday and his latest criticism of Federal Reserve Chairman Jerome Powell, Gold traders resorted to profit-taking after the bright metal hit a three-week high of $3,375 while bracing for the US inflation report for June.
Trump threatened to impose 100% tariffs on Russia if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days, per Bloomberg.
Meanwhile, the US President renewed his attacks on Powell, noting that “interest rates should be at 1% or lower, rather than the 4.25% to 4.50% range the Fed has kept the key rate at so far this year.”
Markets now price in 50 basis points of Fed interest rate cuts by year-end, with the first reduction foreseen in September.
However, it remains to be seen if these expectations hold ground following the US CPI data publication.
Economists are expecting the US annual CPI and core CPI to accelerate 2.7% and 3% in June, reflecting the tariff impact feeding through prices. Meanwhile, the monthly CPI and core CPI inflation figures are set to rise to 0.3% in the same period.
Hotter-than-expected US CPI monthly or annual readings could reinforce the Fed’s patient outlook, pushing back against expectations of two Fed rate cuts this year.
This scenario could help the US Dollar (USD) extend its recovery at the expense of the non-yielding Gold price.
Alternatively, if the data come in below forecasts, it could provide a fresh tailwind to the Gold price on renewed bets that the Fed will remain on track for two rate cuts.
BAY TP
TP 1 3,371
TP 2 3,391
TP 3 3,412
SELL PT
TP 1 3,337
TP 2 3,311
TP 3 3,286
XAUUSD trade ideas
Gold Buy Plan - 16 July 2025📌 Gold Buy Plan - 16 July 2025
Timeframe: H4
Bias: Bullish
Structure: Market has formed bullish FVGs and is respecting demand zones.
🔍 Key Zones:
Demand Zone: 3,314 - 3,325 (Blue Zone)
Entry Range: Price expected to dip into demand zone before rally
Current Price: 3,343.52
Liquidity Target 1: 3,393.46
Liquidity Target 2: 3,451.19 (Final target / magnet area)
✅ Buy Setup Plan:
Wait for retracement:
Let price dip into the demand zone around 3,320–3,325.
Entry Trigger:
Look for:
Rejection candle in H1 or M30
Break of structure or bullish FVG formation
Engulfing candle from the demand zone
Buy Entry:
Around 3,320 ± few points (inside demand zone)
Stop Loss:
Below the demand zone: around 3,305
Take Profit Targets:
TP1: 3,393 (liquidity level)
TP2: 3,451 (magnet zone)
Risk to Reward:
From 3,320 to 3,451 → approx. 1:4 RRR
⚠️ Conditions to Invalidate Buy Plan:
If price closes H4 candle below 3,305, plan is invalid.
If price forms a bearish FVG after liquidity sweep, re-evaluate.
Gold Roadmap: Next Stop $3,325 After Ascending Channel Break?Gold ( OANDA:XAUUSD ) failed to touch the Potential Reversal Zone(PRZ) in the previous idea , and I took the position at $3,351 = Risk-free.
Gold is moving in the Resistance zone($3,366-$3,394) and has managed to break the lower line of the ascending channel .
In terms of Elliott Wave theory , with the break of the lower line of the ascending channel, it seems that gold has completed the Zigzag correction(ABC/5-3-5) .
I expect Gold to trend downward in the coming hours and succeed in breaking the Support zone($3,350-$3,325) and attacking the Support line again , and probably succeeding in breaking this line this time.
Note: Stop Loss (SL) = $3,396
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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sideways in weekend downtrend⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) struggle to extend Thursday’s recovery from the $3,309 region—a one-week low—consolidating within a tight range during Friday’s Asian session. The US Dollar (USD) continues to retreat from its peak since June 23, pressured by dovish signals from Federal Reserve (Fed) Governor Christopher Waller.
Additionally, growing concerns over US President Donald Trump’s unpredictable trade policies and their potential consequences for global growth are keeping investors cautious, supporting demand for the safe-haven metal. These factors collectively help limit deeper losses in Gold, though the metal lacks clear bullish momentum for now.
⭐️Personal comments NOVA:
Gold price is moving sideways, accumulating in the downtrend line, not much fluctuation in weekend news
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3381- 3379 SL 3386
TP1: $3370
TP2: $3360
TP3: $3350
🔥BUY GOLD zone: $3293-$3295 SL $3288
TP1: $3308
TP2: $3318
TP3: $3330
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD FULL UPDATE – July 15, 2025 | Post-CPI TrapPost-CPI Flip Zone Battle
Hello dear traders 💛
Today has been one of those heavy CPI days — full of volatility, sweeps, and doubt. But if we read it structurally and stop chasing candles, everything makes sense. Let’s break it all down step by step, clearly and human-like.
Current Price: 3330
Bias: Short-term bearish, reactive bounce underway
Focus Zone: 3319–3320 liquidity sweep + key decision structure unfolding
🔹 Macro Context:
CPI came in slightly hot year-over-year (2.7% vs 2.6%) while monthly stayed in-line at 0.3%. That gave the dollar a short-lived boost, and gold reacted exactly how institutions love to play it — sweeping liquidity under 3320, then pausing. Not falling, not flying. Just... thinking.
That reaction matters. Why? Because it shows us indecision. It tells us that gold isn’t ready to break down fully yet, and every aggressive move today was part of a calculated shakeout.
🔹 Daily Structure:
Gold is still stuck below the premium supply zone of 3356–3380. Every attempt to rally there for the past few weeks has failed — including today.
The discount demand area between 3280–3240 is still intact and untouched. So what does this mean?
We are in a macro-range, and price is simply rotating between key structural edges.
🔹 H4 View:
The rejection from CPI at 3355–3365 created a micro CHoCH, signaling the bullish leg is now broken.
After the 3345 fail, price dropped to 3320 — but it hasn’t tapped the full H4 demand at 3310–3300.
H4 EMAs are tilting down, showing pressure. This isn’t a breakout. It’s a correction inside a larger range.
🔸 Key H4 Supply Zones:
3345–3355: liquidity reaction during CPI
3365–3375: untested OB + remaining buy-side liquidity
🔸 Key H4 Demand Zones:
3310–3300: mitigation zone from the CHoCH
3282–3270: deep discount and bullish continuation zone if current fails
Structure-wise: We are in a correction, not a clean uptrend. That’s why every bullish attempt fails unless confirmed.
🔹 H1 Real Structure
This is where things got tricky today.
Price formed a bullish BOS back on July 14, when we first pushed into 3370. That was the start of the bullish leg.
But today, we revisited the origin of that BOS, right near 3320. This is a sensitive zone.
If it holds → it’s still a retracement.
If it breaks → we lose the bullish structure and shift full bearish.
So far, price touched 3320, bounced weakly, but has not printed a bullish BOS again.
🔸 H1 Zones of Interest:
Supply above:
3340–3345: micro reaction zone
3355–3365: CPI origin rejection
3370–3375: final inducement
Demand below:
3310–3300: current flip test
3282–3270: if this breaks, bias flips bearish
Right now, we are between zones. Price is undecided. RSI is oversold, yes — but that alone is never a reason to buy. We need structure. We need BOS.
🔻 So… What’s the Truth Right Now?
✅ If 3310–3300 holds and price builds BOS on M15 → a clean long opportunity develops
❌ If 3310 breaks, and we lose 3300, structure fully shifts and opens downside to 3280–3270
On the upside:
Only look for rejections from 3355–3365 and 3370–3375
Anything inside 3325–3340 is noise. No structure, no clean RR.
Final Thoughts:
Today’s move was not random. It was a classic CPI trap: induce longs early, trap shorts late, and leave everyone confused in the middle.
But we don’t trade confusion — we wait for structure to align with the zone.
If M15 or H1 prints a BOS from demand, that’s your green light.
If price collapses under 3300, flip your bias. The chart already told you it wants lower.
No predictions. Just real reaction.
—
📣 If you like clear and simple plans, please like, comment, and follow.
Stay focused. Structure always wins.
📢 Disclosure: This analysis was created using TradingView charts through my Trade Nation broker integration. As part of Trade Nation’s partner program, I may receive compensation for educational content shared using their tools.
— With clarity,
GoldFxMinds
Gold returns to 3500Refer to my previous trading idea. Gold retreated as expected. We almost caught the highest point of the day and shorted gold near 3365, and successfully hit TP: 3346, which enabled us to successfully profit 190pips in short-term trading, with a profit of nearly $10K, which is a good result in short-term trading.
Currently, the lowest point of gold in the retracement process has reached around 3335, which has fully released the short energy and vented the bearish sentiment in the market. All the bad news is out, which means good news! Although gold fell from 3375 to 3335, the retracement was as high as $40, but the rising structure has not been completely destroyed. The previous W-shaped double bottom support structure and the resonance effect of the inverted head and shoulder support structure still exist. As long as gold stays above 3325, gold bulls still have the potential to attack.
Moreover, after this round of retracement, the bearish sentiment of gold was vented, and the liquidity was greatly increased, attracting more buyers to actively enter the market. Gold may start a retaliatory rebound, and even touch 3375 again or even break through and continue to the 3380-3390 area.
So for short-term trading, I think we can try to go long on gold in the 3335-3325 area appropriately, first looking forward to gold regaining lost ground: 3350-3360 area, followed by 3380-3390 area.
I am a trader with 10 years of experience. I started from nothing and burned my account overnight. If you are a novice or your account is being burned, please contact me. I will give you free professional advice.
Gold 30Min Engaged ( Bullish & Bearish Reversal Entry Detected )————-
➕ Objective: Precision Volume Execution
Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸 Accurate Bullish Reversal : 3380
🩸 Accurate Bearish Reversal : 3314.5
➗ Hanzo Protocol: Volume-Tiered Entry Authority
➕ Zone Activated: Dynamic market pressure detected.
The level isn’t just price — it’s a memory of where they moved size.
Volume is rising beneath the surface — not noise, but preparation.
🔥 Tactical Note:
We wait for the energy signature — when volume betrays intention.
The trap gets set. The weak follow. We execute.
GOLD's narrowing range, tariffs, Trump's political dramaOANDA:XAUUSD is still trading in a narrowing range, affected by the tariff game and the political drama that Trump is building. Currently, the price of gold is trading around 3,339 USD/oz, equivalent to a small decrease of about 7 dollars on the day.
Tariff Game
On July 16, US President Donald Trump announced that he would send letters to more than 150 countries, with tariffs expected to be 10% or 15%, to promote trade. He said these countries are not major US partners and will be treated equally, but left open the possibility of negotiating exemptions. The tariffs are similar to those proposed in April but were postponed due to concerns about market volatility. The resumption of the tariffs continues to destabilize financial markets and surprised partners such as the European Union, as they hoped to reach an early agreement with the US.
Political Play
Also on July 16, global financial markets were shaken by rumors that President Trump intended to fire Federal Reserve Chairman Jerome Powell. Many major news agencies such as the New York Times, Bloomberg and Reuters reported that Trump had prepared a letter of dismissal and consulted with Republican lawmakers, receiving positive feedback. Removing Powell before his term was believed to undermine confidence in the US financial system and the safe haven status of the USD. Trump later denied the plan, saying it was unlikely to happen unless there was serious wrongdoing. Markets reacted strongly: the USD fell and then recovered after Trump's statement, while gold lost most of its previous gains by the end of the session.
The gold market in particular, and the financial economy in general, are being affected by the activities of Trump, the creator of the global trade war, and the plays of Trump and the FED leading the market. Therefore, the basic formula in the current market context is best to follow Trump, and make sure not to miss any of Trump's status lines.
Technical outlook analysis of OANDA:XAUUSD
On the daily chart, the technical structure has not changed with the trend not yet clear and the price action clinging to the EMA21.
The technical conditions do not favor an uptrend or a downtrend, typically the RSI moves around the 50 level, indicating a hesitant market sentiment.
On the upside, gold needs to achieve the condition of breaking above the 0.236% Fibonacci retracement level of the price point of 3,371 USD then the target level will be around 3,400 USD in the short term, more than 3,430 USD.
Meanwhile, on the downside, gold needs to break below the 0.382% Fibonacci retracement, which would confirm a loss of the $3,300 level, then target around $3,246 in the short term, more than the 0.50% Fibonacci retracement.
Intraday, the sideways trend of gold price accumulation will be noticed by the following technical positions.
Support: $3,310 – $3,300 – $3,292
Resistance: $3,350 – $3,371 – $3,400
SELL XAUUSD PRICE 3381 - 3379⚡️
↠↠ Stop Loss 3385
→Take Profit 1 3373
↨
→Take Profit 2 3387
BUY XAUUSD PRICE 3309 - 3311⚡️
↠↠ Stop Loss 3305
→Take Profit 1 3317
↨
→Take Profit 2 3323
Gold Market Update and Recommended Strategy bulls/bears📉 Gold Holds Steady ~$3,354/oz
Moderate USD strength and tariff-driven safe‑haven buying have kept gold anchored in the $3,330–$3,360 zone.
🤝 Trade & Tariff Influence
Tariff headlines—from Canada’s 35% rate to broader threats—have supported gold by boosting safe‑haven demand heading into U.S. CPI.
📊 Technical Watch
Testing resistance at $3,360; full breakout above $3,342–$3,360 opens path to $3,400–$3,500.
Support sits at $3,330–$3,322 (20‑day EMA); breach risks pickup in short‑term bearish momentum.
💼 U.S. Macro & Fed Cues
Inflation data (June CPI due July 15) and Fedspeak ahead of the July blackout window are set to define next directional moves.
🌍 Central Bank Insight
World central banks are stockpiling gold at record rates, creating a bullish backdrop.
⚖ Range‑Bound Outlook
Expect gold to drift between $3,330–$3,360 near‑term, with upside if tariff/CPI triggers materialize.
📉 Short‑Term Bias
Neutral‑to‑bullish; momentum indicators are calm but could shift quickly on macro surprises.
📈 Med‑Term Outlook Bullish
Ongoing central bank demand, trade dynamics, and macro fundamentals still favor a gradual move toward $3,500+.
⭐ Updated Strategy Recommendations
Accumulate on dips near $3,330–$3,320.
Watch resistance at $3,360–$3,400 for profit‑taking or breakout buying opportunities.
Bears may focus on selling rallies near the upper range.
downtrend, back to 3300 gold price⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) inch higher in early Asian trading on Wednesday, recovering part of Tuesday’s sharp decline to multi-day lows, though follow-through buying remains limited. Lingering uncertainty surrounding US President Donald Trump’s trade tariffs, combined with expectations that the Federal Reserve (Fed) will maintain elevated interest rates, continues to dampen risk appetite. This weaker market mood is providing modest support to the safe-haven metal.
Meanwhile, the US Dollar (USD) eases slightly after Tuesday’s surge to its highest level since late June, which is helping gold stabilize. However, persistent speculation that the Fed may delay rate cuts, following a slight uptick in US inflation, continues to bolster the greenback and could cap further gains in gold. Traders remain cautious and await today’s US Producer Price Index (PPI) release for clearer direction.
⭐️Personal comments NOVA:
Selling pressure, break 3340 downtrend line continues. Economic news is helping DXY recover
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3381- 3383 SL 3388
TP1: $3370
TP2: $3360
TP3: $3350
🔥BUY GOLD zone: $3306-$3304 SL $3299
TP1: $3318
TP2: $3330
TP3: $3343
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
DeGRAM | GOLD above the resistance level📊 Technical Analysis
● Bulls defended the channel base at 3 333, snapping the intraday falling wedge and reclaiming the broken trend-line; successive higher-lows since 17 Jul signal fresh upside momentum.
● A clean H1 close over the former pivot 3 355 flips the wedge crest into support and activates the measured-move target at the upper horizontal barrier 3 366, with the March swing cap 3 389 next.
💡 Fundamental Analysis
● Softer US jobless-claims trend and Fed speakers’ hints that “policy is restrictive enough” cooled two-year real yields, while PBoC’s June data showed net gold purchases for a fourth month—both underpinning spot demand.
✨ Summary
Long 3 345-3 355; hold above 3 355 targets 3 366 → 3 389. Bias void on an H1 close beneath 3 333.
-------------------
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Gold Price Analysis July 17XAUUSD Analysis Today
The price has cleared the liquidity to the 3377 zone, then returned to trading within the triangle. The market is currently waiting for new momentum to determine the next trend.
✅ BUY Scenario
If the 3322-3323 zone continues to hold and there is a bearish rejection signal and confirmation of buying power, gold is expected to continue its uptrend towards the 3373 - 3400 zone.
❌ SELL Scenario
If the price breaks the 3321 support with clear selling pressure, it can extend the decline to 3285.
🔑 Key Level Today
Support: 3321 - 3323
Resistance: 3373 - 3400
💡 Strategy:
Watch the price reaction at the important support zone to decide the next action.
GOLD Price Continue to GrowXAUUSD has formed a bullish pattern after successfully testing and holding the strong support zone at 3310, which marked a key demand level. The recent bounce from this level confirms strong buyer interest despite temporary USD strength.
Demand for gold has sharply increased, often seen as a hedge during uncertain economic periods—even with a temporarily stronger dollar. The current price action reflects a bullish continuation pattern, suggesting potential for further upside. targeting will be 3360 3378 / 3400
You may find more details in the chart Ps Support with like and comments for better analysis.
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Gold tests resistance for a rally to 3450The price breaks through the resistance of the local trend and consolidates in the range of 3320-3375. The price approaches the resistance smoothly through local consolidation zones. Before breaking through 3375, there may be a slight pullback or another consolidation.
The market is bullish, with a strong cascade bottom forming and demand remaining fairly high. Against the backdrop of expectations of interest rate cuts, money is once again flowing into gold.
Gold will crash1. What happened yesterday
As expected, Gold started to rise after finding support at 3250. The move up played out perfectly, reaching the resistance area highlighted in yesterday’s analysis — around 3320–3340.
________________________________________
2. The key question today
Is this just a correction in a bearish trend, or the start of reversal?
________________________________________
3. Why I remain bearish
• On the weekly chart, structure still leans bearish
• On lower time frames, the bounce looks corrective — not impulsive
• No breakout above 3360 yet, which would be needed to shift the bias
• A move back below 3320 would likely trigger renewed selling
• If that happens, 3250 could be tested again quickly
We need to respect the bounce — but not overreact to it.
________________________________________
4. Trading plan
My bias remains bearish as long as price stays under 3360.
However, if we get a daily close above 3360, I’ll pause and re-evaluate the short bias. The market would then be signaling a potential trend shift.
________________________________________
5. Final thoughts 🚀
This is a key moment for gold. We’re at resistance zone but not broken above yet.
Until proven otherwise, the trend remains down — and rallies into 3340 zone should be considered selling opportunities.
Comments If you are new here, or your account is getting burned, please contact me. I will help you.
Gold continues to be weak, but be careful about operations📣Gold prices fell 2% last Friday, hitting a near one-month low. Optimistic trade-related agreements boosted risk appetite and weakened the attractiveness of gold as a safe-haven asset. This week, the market will usher in a group meeting of major central bank governors around the world (Fed Chairman Powell, European Central Bank President Lagarde, Bank of England Governor Bailey, Bank of Japan Governor Kazuo Ueda, and Bank of Korea Governor Lee Chang-yong). The market will also usher in non-agricultural data. In addition, Powell's remarks on whether to resign may ignite the market this week. Gold prices may fluctuate more around the lower track of the Bollinger Band at $3,270/ounce this week.
Technical analysis:
Last Friday, the K-line had a lower shadow, and the Bollinger Band did not diverge. It is not easy to go short directly in operation, but wait for the rebound to confirm 3295 and the key resistance of ma5 to be short.
💰 Operation strategy: Rebound to 3280-3283 to go short, target 3270-3265, stop loss 3288-3290
If you are a beginner, I suggest you first understand what trading is.
GOLD Under Pressure – CPI to Drive the Next MoveGOLD Outlook – Bearish Below 3365, CPI in Focus
Gold is showing bearish momentum while trading below 3365, with a likely move toward 3342.
However, if the price closes a 1H or 4H candle above 3365, it may shift to a bullish trend targeting 3395.
CPI data will be the key factor in determining the next move.
The market expects a print of 2.6%, which would signal no Fed rate cuts this year due to rising tariff pressures.
That said, we expect a 2.7% release, which would likely support a bearish trend for gold.
But if the release is less than 2.6% that will support the bullish trend.
Pivot Line: 3365
Support: 3342 – 3320
Resistance: 3375 – 3395
XAUUSD Bearish Structure Breakdown – Targeting 3310 ZoneXAUUSD is currently respecting the key resistance zone near 3340 and forming consistent lower highs, signaling a bearish momentum. After breaking the support area around 3325–3320, we expect price to continue its downward trajectory. If the support fails to hold, the next major target lies at the 3310 zone. This setup aligns with market structure and order flow, suggesting a high-probability sell opportunity on any pullback toward resistance.
Keep an eye on price action near the support zone for confirmation.
Bias: Bearish | Timeframe: 1H
XAUUSD ANALYSIS – JULY 18XAUUSD ANALYSIS – JULY 18: STRATEGY BASED ON FIBONACCI, TRENDLINE & STRUCTURE
1. XAUUSD Technical Overview (4H Chart)
Gold (XAUUSD) is currently trading around 3,343 USD, showing signs of a slight rebound from key support. On the 4H timeframe, the price structure is forming higher lows, maintaining above a short-term rising trendline – a technically bullish signal.
2. Key Support & Resistance Zones
Immediate Supports:
3,338 USD: aligning with the 0.618 Fibonacci retracement – a zone tested multiple times.
3,333 – 3,335 USD: strong support, overlapping with EMA and rising trendline.
3,327 USD: previous swing low – last defense for the bullish structure.
Immediate Resistances:
3,345 – 3,346 USD: frequently rejected zone in recent sessions.
3,350 USD: psychological and technical resistance.
3,358 USD: recent swing high – breakout confirmation level.
3. Price Action & Fibonacci Confluence
Price is currently hovering between Fibo 0.5 (3,343 USD) and Fibo 0.618 (3,338 USD) – a potential bounce zone if bullish momentum holds.
The pullback from 3,358 to 3,286 has respected standard Fibonacci retracement levels, confirming technical price behavior.
4. Trendline Analysis
The ascending trendline from the 3,275 USD low remains intact, providing solid dynamic support.
If the price continues to bounce from this trendline, it may form a bullish continuation pattern (flag/pennant).
5. Suggested Trading Strategies
Long
Entry: 3,338 – 3,340 USD
SL: 3,327 USD
TP: 3,345 – 3,350 – 3,358 USD
Note: Buying the dip near Fib & trendline
Short
Entry: Below 3,327 USD (breakdown)
SL: Above 3,340 USD
TP: 3,310 – 3,298 USD
Notes: Only if price breaks trendline & support
6. Supporting Technical Indicators
EMA20/EMA50 show slight upward momentum – early bullish bias.
RSI (14) hovers near 50 – neutral zone, awaiting breakout confirmation.
Conclusion:
Gold is consolidating around a critical support zone. The short-term bias leans bullish if the 3,338 – 3,333 USD region holds and price breaks above 3,346 – 3,350 USD.
This is a key moment to position early using Fibonacci and trendline confluence.
👉 Follow for more strategies in upcoming sessions. Save this if you find it useful!
Do you have a different view? Share your thoughts in the comments below!
Gold looks set to rise to 3390Gold is in a global bullish trend. Locally, the market is beginning to restore its structure.
During the European session, the price broke through the resistance of the local maximum of 3358.
At the moment, buyers and sellers are fighting for the 3350-3360 range. Consolidation of the price above 3350-3360 could lead to continued growth, a breakout of 3374, and growth to 3393.
Scenario: Consolidation of prices above 3350–3353 could trigger growth to 3375. Further, a slight correction may form from resistance before a retest to break through the level and grow to 3393.
XUA/USD) Bullish Analysis Read The captionSMC trading point update
Technical analysis of Gold (XAU/USD) analysis on the 3-hour
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Gold (XAU/USD) 3H Technical Analysis Summary
Market Structure: Bullish breakout
Price has successfully broken above both the downtrend line and the support zone (highlighted in yellow), signaling a shift in structure from bearish to bullish.
Key Support Zone:
The yellow zone (~3,335–3,355) was previously a resistance area. After the breakout, it is acting as a strong support level and has been retested.
Trendlines:
Downtrend line: Broken and retested.
Uptrend line: Guiding current price action, supporting higher lows and forming an ascending channel.
200 EMA (blue line):
Price is trading above the EMA 200 (~3,331), confirming bullish bias and providing dynamic support.
Momentum (RSI 14):
RSI is around 67.85, showing strong bullish momentum.
Nearing overbought, so a minor pullback or consolidation could occur before continuation.
Volume:
Increase in buying volume near breakout area suggests institutional interest or strong buyer conviction.
Mr SMC trading point
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Conclusion:
Price has shifted into a bullish continuation pattern.
A successful break and retest of structure and trendlines increases the likelihood of further upside.
As long as price holds above the yellow support zone and the uptrend line, bullish momentum is favored.
Short-term pullbacks may offer new long opportunities.
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Gold Pullback in play Aiming Growth for 3400Gold prices initially rejected from recent highs and found strong support, indicating limited downside. Despite the recovery, gold remains under pressure due to rising U.S. bond yields and a stronger U.S. dollar. The higher-than-expected inflation data from the U.S. has reduced the likelihood of an early Fed rate cut, which is weighing on the metal.
Technical Analysis:
If the 1H candle closes above 3350, the price is likely to push back into the bullish zone.
Potential upside targets: 3378 and 3400
You any see more details in the chart.
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