Gold holds steady near resistance – Is a breakout coming?Hello everyone, let’s explore today’s gold market together!
Overall, during the Asian session on Monday, gold traded cautiously, consolidating just below the nearest resistance level at $3,360, with minimal price movement. The uptrend remains strong, primarily driven by a sharp momentum shift last Friday following key news, as the weakening USD reignited investor interest in gold.
Current market sentiment suggests that major institutional funds and retail traders alike are showing renewed attention. As long as the previous support level around $3,330 holds firm, the next move could be a break above the $3,360 resistance, which would likely open the door for further upside expansion.
However, if price breaks below that support zone, I would consider the bullish setup invalid and shift to a wait-and-see approach until clearer signals emerge.
Feel free to share your thoughts in the comments — your perspective could contribute tremendous value to the global TradingView community!
XAUUSD trade ideas
Gold is set to rise, which is an opportunity to buy!Last week gold made another correction down for Wave E but after that it broke the low again. This could be wave 2 of the next impulsive wave up and gold will continue to rise next week.
Or price makes one more move down for wave E and then start the next impulsive wave up.
Let's see what price does and react.
Trade idea: Wait for a small correction down on a lower timeframe and a change in orderflow to bullish to trade longs.
Don't be emotional, just trade your plan!
Gold Maintains Bullish Tone – Eyes on $3,350 Breakout📊 Market Overview
• Gold is trading around $3,339 – $3,340, after rebounding from the session low at $3,332.
• The USD is temporarily weakening, and safe-haven flows remain steady — key factors supporting gold.
• Markets are awaiting fresh U.S. economic data for clearer directional cues.
📉 Technical Analysis
• Key Resistance Levels:
– Near-term: $3,344 – $3,345
– Extended: $3,352 – $3,356 (weekly highs)
• Key Support Levels:
– Near-term: $3,332 – $3,335
– Extended: $3,320 – $3,325 (MA confluence + technical base)
• EMA: Price remains above EMA 09, confirming a short-term uptrend.
• Candle Pattern / Volume / Momentum: RSI is around 54–56; momentum remains positive but has cooled — suggesting potential consolidation.
📌 Outlook
Gold is maintaining a bullish technical structure — if it breaks above $3,345, a move toward $3,352 – $3,356 is likely. On the downside, a drop below $3,332 could trigger a retest of $3,325 – $3,320.
💡 Suggested Trading Strategy
🔺 BUY XAU/USD: $3,324 – $3,327
• 🎯 TP: 40/80/100 pips
• ❌ SL: $3,320
🔻 SELL XAU/USD :$3,352 – $3,355
• 🎯 TP: 40/80/100 pips
• ❌ SL: $3,359
Gold rebound brings bearish opportunities
Before the fishermen go out to sea, they don't know where the fish are? But they still choose to go because they believe they will return with a full load. When you invest, you don't know whether you can make a profit, but you still need to try, and from the moment you decide to do it, you must insist on believing to gain something. The same is true for gold investment. You may still be losing money at the moment, but as long as you find me, all losses will be solved!
Views on the trend of gold!
In terms of gold, unfortunately, the bulls don't seem to last long, and they are also a bit unstable! Emphasize the most critical point, the continuous rise of the sun, the first wave of V-shaped rebound last night, and then the high-level oscillation, and there was no continuation of the rise of the sun last night. The bulls did not take off in one wave, but were held down again. But in the same way, don't think that the bulls are held down, and the bears will come. We still have to distinguish according to the range and strength. In many cases, the market maintains a oscillating range.
So how do you look at it today? Is there still hope for the bulls? From the perspective of correction, every big drop has poor continuity, and they all bottom out and rebound, just like gold fell to 3310 last night and violently rose to 3344, so there is a high probability that there will be continuation after the retracement today. On the one hand, even if it rebounds, it is also volatile, and the rebound and second decline is the continuation of the market. Therefore, currently pay attention to two points, the upward pressure 3355, and the downward strength and weakness dividing point 3325!
Gold: You can short at the rebound of 3350-55, defend 10 US dollars, and the target is 3330-25! If it breaks 3325, it will look down to the double bottom support of 3310. On the contrary, if it does not break, it can be shorted and look up to 3345-50!
XAU/USD 4H – Bullish Breakout With Channel Continuation SetupGold is respecting a clear ascending channel on the 4H timeframe.
After forming multiple higher lows and retesting a key demand zone, price has now broken above key resistance near 3,360–3,370.
A Break of Structure (BOS) occurred earlier, followed by bullish recovery, signaling strong buyer interest.
Expecting a retest of the breakout zone and possible continuation toward the upper channel resistance (3,440–3,500).
Market structure remains bullish with momentum building.
Watching for price action confirmation on the retest.
🎯 XAU/USD Key Intraday Levels (4H TF):
Immediate Resistance: 3,400 – Minor supply & round number zone
First Bullish Target: 3,420 – Mid-channel resistance zone
Major Bullish Target: 3,440–3,450 – Upper channel resistance
🔁 Pullback / Support Zones:
First Support (Retest Area): 3,360 – Previous breakout zone
Mid Support: 3,340 – Minor structure support
Demand Zone / Strong Buy Interest: 3,320 – Last confirmed higher low
💡 Note
Watch how price behaves around 3,360–3,340 for possible bullish continuation or short-term consolidation. Deeper pullbacks into 3,320 may still maintain the bullish structure if demand holds.
GOLD SELL M15Gold (XAUUSD) - 15-Minute Chart Analysis
This is a bearish short-term setup for Gold based on price action and key market structure levels.
Analysis Summary:
Entry Zone: Price has reached a supply zone around 3340, which is expected to act as a resistance.
Stop Loss (SL): Positioned at 3348, just above the supply zone to account for potential false breakouts.
Target (TP): The downside target is set at 3325, where previous support and volume interest converge.
Key Technical Levels:
Supply Zone: 3340 – 3348 (Red zone)
Resistance: 3340
Intermediate Support:
3335
3330
Final Target Zone: 3325
Structure Breakdown:
EQH (Equal Highs): Suggests a liquidity grab above recent highs.
BOS (Break of Structure): Indicates a shift from bullish to bearish structure.
CHoCH (Change of Character): Confirms potential trend reversal.
The expected price movement is a rejection from the supply zone, followed by lower highs and lower lows targeting 3325.
Trade Idea:
Sell around: 3340
Stop Loss: 3348
Target: 3325
In-depth analysis of gold price trends this week!Market news:
During the Asian morning session on Monday (July 21), the London gold price rose slightly to above $3,350 and is currently trading around $3,356/ounce. The weakening dollar and continued geopolitical and economic uncertainties have boosted demand for safe-haven spot gold, supporting international gold prices, but the rebound in the University of Michigan survey index may limit gold's gains.Although gold prices may face correction pressure in the short term, international gold has limited room to fall. Factors such as economic slowdown, lower interest rates and rising inflation will attract more buyers to enter the market. The continued purchases by central banks over the past two and a half years have also provided solid support for gold prices. The tension between Trump and Powell is the main reason why gold prices remain high.Looking ahead, the market focus will shift to this week's ECB monetary policy meeting. Economists generally expect the ECB to keep interest rates unchanged, and preliminary manufacturing data released this week may also trigger some market fluctuations. This week's economic data and Fed dynamics will be key variables in the trend of gold prices. No matter how the market fluctuates, the long-term value of gold cannot be ignored, and investors need to pay close attention to macroeconomic changes and political events.
Technical Review:
Technically, the daily chart of gold still maintains the adjustment of the middle track of the Bollinger Band, forming a yin-yang alternating shock consolidation. However, on Friday, the gold price closed with a small positive K, and the price MA10/7-day moving average closed above 33/42. From the indicator point of view, the MACD indicator momentum column shortened, and the RSI indicator ran around 50, indicating that the market buying and selling forces were balanced.The 4-hour chart shows that the gold price fluctuated and tended to buy and consolidate at 3330-3360. At present, the moving average system opened upward. As long as gold does not lose 3320, it is expected to continue to sprint upward to 3375/3400. On the contrary, if it loses the support of 3320/10 again, it is regarded as a short-term weak shock downward. On the whole, the current trend of gold is oscillating and tending to buy and consolidate. Today's trading idea is mainly to buy at a low price and sell at a high price.
Today's analysis:
Since there is no major economic data this week, in the absence of geopolitical risks and emergencies, it is expected that gold will still see a small range of shocks and consolidation this week, and the range can be focused on 3400-3300. The daily Bollinger Bands continue to close, with the upper track at 3375 and the lower track at 3288. The short-term moving averages are intertwined near the middle track, suggesting that gold will still be dominated by fluctuations in the short term. In terms of operation, keep the idea of selling at high prices and buying at low prices. Do not chase the rise and sell at the fall. Wait for the breakthrough signal to be confirmed before following the trend. Today’s support is at 3340. You can use this as a key point to arrange buy orders during the day. The key point above is 3361, which is the high point of last Friday. 3361 is a short-term pressure point. If there is no correction today and it directly breaks 3361, we can follow the trend directly. If there is a correction, pay attention to the bottom structure above 3340 and buy at the bottom!
Operation ideas:
Buy short-term gold at 3340-3343, stop loss at 3332, target at 3370-3390;
Sell short-term gold at 3377-3380, stop loss at 3388, target at 3340-3320;
Key points:
First support level: 3340, second support level: 3332, third support level: 3320
First resistance level: 3375, second resistance level: 3388, third resistance level: 3410
Title: Gold (XAU/USD) Reversal Zone Trade Plan – 30M Analysis🔍
Chart Description & Full Breakdown
This 30-minute chart of XAU/USD outlines a potential bullish reversal trade from a key demand zone, identified by volume profile and historical price reaction. The analysis is built on confluence between price structure, volume imbalance, and risk-reward alignment.
📈
Analysis Summary:
🔴
Zone Highlight:
Marked Zone is a clear liquidity sweep / demand block between $3,319 – $3,340.
Price is hovering just below POC (Point of Control), where the most volume has transacted.
This area acted as prior support multiple times and is likely to draw in buyers again.
🛑
Stop Loss:
Set below the last major swing low: $3,312.
Beneath the volume gap and right under the high-volume support shelf, protecting against downside flushes.
🟢
Take Profit Levels:
TP1: $3,357 – First key volume shelf and local resistance.
TP2: $3,394 – Near-term swing high and high-volume node on the upper side.
🎯
Strategy & Meaning Behind It:
You’re playing a retest of the previous demand zone, paired with a low-risk reversal idea.
Why this works:
Strong bullish imbalance on the left of the chart.
Consolidation broke down but failed to follow through aggressively.
Buyers showed volume on recent touches of the zone.
Multiple timeframe confluence from the broader bullish setup.
💡
Execution Plan:
Entry: As close to $3,323 – $3,330 as possible.
Stop Loss: Tight below $3,312 to protect capital.
Target Profit Zones: Use volume profile to take partials at TP1 and let runners go to TP2. @BandMangfo
FX: XAUUSD set for a bullish legIn XAUUSD, I’m seeing a promising bullish setup that could offer a strong opportunity for upside continuation. The chart shows a breakout from a descending triangle pattern, followed by a clean retest of the breakout zone. What really catches my attention is the confluence of support, where the price is currently reacting to both the former descending trendline and a longer-term ascending trendline. This area, around the 3,320–3,330 level, is now acting as a critical decision point.
I believe this retest could serve as a launchpad for a bullish continuation toward the next key resistance at 3,450. That level has acted as a strong ceiling in the past, and it’s a logical target if the market maintains upward momentum. The higher lows forming since May suggest growing buying pressure, reinforcing the bullish bias.
Of course, this setup isn’t without risk. If price breaks below this confluence zone, we may see a return to the previous range or a deeper correction. But for now, I’m leaning bullish, especially if we get a strong bullish candle or increased volume confirming the bounce.
I’ll be watching closely and updating if conditions shift, but for now, XAUUSD looks poised for another leg up.
XAUUSD potential scenarioTake away points :
- XAUUSD has been in a good uptrend for the last couple of months, mainly driven by Central banks demand for Gold.
- We had a break of structure to the upside on the left followed by a trendline bullish break, which indicate strength to the upside.
- Price is currently retesting a minor H4 zone, monitor this area for bearish exhaustion and wait for bullish candlestick formation.
Here is my trade idea, it's not a financial advice, just for entertainment purpose.
Bearish Continuation Idea on XAU/USDTimeframe: 1H
Session Context: Currently in New York, with London having just closed. Liquidity sweeps from London/NY overlapping zone are in play.
Step 1: Indication
HTF structure broke bullish to bearish with a clear break below a HTF Higher Low (HL) around 3,343–3,345.
This confirms Indication of bearish intent as market structure shifted from bullish → bearish.
The recent Swing High (3,368) was followed by strong selling momentum, showing institutional interest near previous liquidity pools.
Step 2: Correction
Price has retraced to test minor demand around the previous HL zone (green box).
Expecting liquidity collection above this area to trap late buyers and induce sellers.
The market is currently in Correction—a necessary pause after the break in structure to rebalance orders before continuation.
Step 3: Continuation Projection
If price respects the 3,343–3,345 correction zone and fails to reclaim the HTF HL:
Expect a lower high to form.
Entry would be ideal on a 5M–15M confirmation inside this corrective structure (lower timeframe BOS or SMC entry).
Targeting the HTF Lower Low (LL) at ~3,290, with potential for extended move toward 3,275 if NY volatility sustains.
Summary
Bias: Bearish
Reason: Structure Break (Indication), Pullback (Correction), Anticipating Downside Continuation
Confluences:
HTF Structure Break
Previous liquidity sweep from London
NY session volatility
Correction stalling beneath broken HL
Invalidation: A clean 1H close above 3,345–3,348 would invalidate the bearish bias and suggest a deeper retracement or reversal.
XAUUSD: A Perfect Storm - Multi-Decade Pattern. Gold is currently at one of the most significant inflection points in decades. A powerful, multi-year bull run is showing clear signs of exhaustion, and technical signals across four distinct timeframes are aligning to suggest a major corrective move is imminent. This analysis lays out the evidence from the multi-decade macro view down to the immediate intraday catalyst, culminating in a high-probability scenario.
The foundation for this thesis begins on the highest possible timeframe. On the multi-decade chart, gold's price action has been supported by a parabolic curve, or "dome," originating from the 1970s. While the price is currently extended from this support, suggesting a need to cool off, the fundamental picture has shifted. Unprecedented central bank accumulation and a surge in public awareness are providing a powerful underlying bid, making a full reversion to the distant parabolic curve unlikely in the current environment.
Zooming into the monthly chart reveals a classic and powerful warning sign: a severe multi-year bearish divergence. While the price of gold has been pushing to new all-time highs, key momentum indicators have been making lower highs. This shows that the underlying strength behind the immediate rally is fading, making the trend fragile and highly susceptible to a reversal.
This weakness is now being confirmed on the daily chart. The 20-day and 50-day moving averages are on the verge of a bearish crossover, a classic technical signal that confirms short-term momentum has officially shifted from bullish to bearish, adding another layer of evidence that a correction is taking hold.
The entire scenario culminates on the 8-hour chart, where we find the immediate trigger. Gold is coiling into a tight symmetrical triangle, with the apex converging perfectly with the timing of Fed Chair Jerome Powell's speech on Tuesday, July 22nd. This is a "moment of truth" setup where the speech will act as the catalyst to release the pent-up energy and force a decisive breakout.
Given the context of persistent inflation, the baseline expectation is for a hawkish speech from Chairman Powell, which is fundamentally bearish for gold in the short term. This makes a downside break the most likely scenario. The primary and most logical target for this healthy correction is the major breakout zone and multi-year Fibonacci 1.0 support level at ~$2,800. This level represents a necessary reset, not the start of a bear market. A pullback to this zone would shake out leverage and establish a formidable base for the coming capital rotation event, where gold is expected to enter a hyperbolic, stratospheric upward trajectory. The strong fundamental floor provided by central banks and retail interest should hold this ~$2,800 level firmly.
Disclaimer: This is a technical and fundamental analysis for educational and discussion purposes only and does not constitute financial advice. Please conduct your own due diligence.
XAUUSDThe current short setup on XAU/USD (Gold vs US Dollar) highlights a potential downside move from the entry zone of 3336–3340, targeting progressive profit levels down to 3313. This trade suggests that gold is encountering resistance in the specified entry area, likely due to previous price rejections, supply pressure, or alignment with a key Fibonacci retracement level or bearish trendline. The stop loss at 3352.00 is positioned above a key resistance zone, offering a buffer of approximately 12–16 points, which helps guard against short-term volatility or false breakouts before price possibly resumes its downward trajectory.
The risk-to-reward ratio on this setup is favorable, potentially offering 2:1 or better depending on entry execution. Moreover, the setup allows for flexibility; traders can trail the stop once TP1 is hit to reduce risk exposure and lock in profit. It's crucial to monitor price action closely at the entry zone—any bullish breakout above 3344–3348 with volume could invalidate the setup, while rejection candles or long upper wicks would confirm bearish strength.
XAU/USD Daily Technical Outlook: Navigating Key Price LevelsThe Dominant Trend Profile
Gold has clearly maintained a robust uptrend on the daily timeframe since April, consistently finding dynamic support along a prominent, upward-sloping trendline. This strong underlying bullish structure has guided price action higher, forming a series of higher lows and highs within this established channel.
Immediate Price Dynamics & Overhead Resistance
The current price action indicates that Gold is encountering significant overhead supply, specifically challenging a critical zone labeled "Current Strong Resistance." This area appears to be a key juncture, where the market is consolidating, and a decisive break above this level would be required to signal a continuation of the rally.
Potential Bullish Continuation
Should buyers successfully overcome the immediate "Current Strong Resistance" zone, the pathway to higher valuations opens up. The next significant hurdle for Gold would be the "Next Resistance" level positioned around 3451.31, with the ultimate long-term target being the prior "All time high" at 3500.10.
Critical Support Zones & Downside Triggers
Conversely, the chart highlights a critical horizontal support line which, if broken to the downside, would serve as a key bearish trigger. Below this immediate support, the "3250 Key Area to focus" represents a substantial demand zone, followed by additional, deeper green-shaded areas that would come into play as important support levels where buying interest might re-emerge should the price decline further.
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 (XAU/USD) – Bullish Continuation SetupGold is moving within an ascending trendline, showing strong bullish momentum. Price is approaching a Bearish Order Block near 3,370, which may trigger a short-term pullback 📉.
If price rejects from this zone and retests the trendline (around 3,355), it could offer a high-probability long setup for a continuation move toward 3,380+ 📈🚀.
🔍 Key Levels:
Resistance: 3,368–3,370 (Bearish Order Block)
Support: 3,355 (Trendline area)
💡 Trading Idea:
Look for price action confirmation near the trendline for potential buys. Break above the order block could fuel further upside.