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Gold reversal pattern: Will the uptrend continue?After a powerful early-week rally, gold is showing its first signs of fatigue. The bullish surge carved out a fresh high, but waning buying pressure is allowing a clear Head-and-Shoulders pattern to form on the H1 chart—a classic signal of a potential short-term reversal. Fundamentally, the metal is caught between conflicting forces. Geopolitical tensions and worries over US-Asia trade frictions keep safe-haven demand alive, yet a hotter-than-expected US Producer Price Index has traders betting the Fed will hold rates higher for longer, weighing on bullion in the near term. From a technical and volume standpoint, the 3,350 zone is the key battleground. If price holds and rebounds there, the Head-and-Shoulders may fail and the uptrend could resume. A decisive close below, however, would activate the sell setup, opening the door toward 3,330—or deeper if market nerves take over. Which scenario do you see playing out? Share your thoughts below!
OANDA:XAUUSDShort
by Trader_VictorInvest
2
Gold is trending upwards – Can buyers push the price to $3,393?Gold is the focus right now – simple and straightforward. We are in an upward channel, and the price is adhering to this structure precisely, forming higher highs with no clear signs of weakness. Recently, a clear resistance level was broken, and now I’m watching for the classic retest. That breakout? A major issue, and also a strong clue. If this level holds as support, it’s a signal for a potential move up to 3,393, aligning with the channel’s upper boundary. However, if it fails, the bullish scenario may be invalidated, increasing the likelihood of a pullback to the lower boundary of the channel. In conclusion: Monitor the structure closely, and don’t force trades here without confirmation first.
OANDA:XAUUSDLong
by Ryder_TradingForex
XAUUSD: Setup Points to a Potential Move Toward 3,550OANDA:XAUUSD maintains a short-term bearish structure after a strong rejection at the confluence resistance zone. The current pullback is driving price back toward a familiar support area, one that previously acted as a strong rebound point after breaking out of a descending channel. Price is now hovering just below key levels, and this presents a great opportunity to anticipate a potential continuation move, possibly pushing gold back up to the 3,350 region. However, if price breaks below this support with strong bearish momentum, I would reassess the situation and consider the continuation idea invalid, with further downside potential on the table. Traders should watch closely for reversal signals such as a Bullish Engulfing pattern, a Fakey setup, or a Pin Bar with confirmed volume. These could serve as strong opportunities for short-term long entries. Just sharing my thoughts on the chart. This is not financial advice. Always validate your setups and manage your risk wisely.
OANDA:XAUUSDLong
by Trader_VictorInvest
2
XAUUSD : The Flag is Tightening — A Breakout May Be ImminentGold (XAUUSD) is currently forming a clear Bullish Flag pattern on the 3-hour chart, suggesting a potential rebound within the broader downtrend. The internal 5-wave structure (waves 1 through 5) inside the flag indicates that the downward momentum is weakening. If the upper trendline is broken, gold could accelerate toward the key resistance zone around $3,336. On the news front, President Biden’s decision to impose a 50% tariff on copper and a projected 200% tariff on pharmaceuticals has left global markets reeling. Copper prices have soared, inflation fears are resurfacing, and global supply chains are once again under pressure. Amid this growing uncertainty, gold has re-emerged as a preferred safe-haven asset for investors. With this confluence of technical and fundamental catalysts, I strongly lean toward a bullish continuation scenario, with a potential breakout from the flag pattern. As long as price remains above the key support at $3,300, short-term momentum favors the bulls. Are you ready for the next leg up?
OANDA:XAUUSDLong
by Trader_VictorInvest
2
Gold Price Setup: Short from Resistance on Lack of Buyer InteresGold has been strong for quite some time, but I don't believe this momentum will necessarily continue in the near future. As we saw on Thursday, prices rose slightly due to trade-related concerns. However, the market structure is beginning to show signs of exhaustion, as such overbought conditions often lead to sharp pullbacks — which in turn support necessary corrections. Price is now approaching the upper rejection zone of the 4-hour ascending channel, an area that also coincides with a low-volume region. For this reason, I do not recommend chasing the highs around the $3,345 zone. Until this area is clearly broken with conviction, short-term positions to the downside should be considered. At the moment, I believe this market should be viewed as one to buy on dips and hold, at least until we retest the $3,400 level again. The alternative scenario is that the market may stabilize and consolidate for a while. If price breaks below $3,321, the next area of support lies near $3,297. That said, in the bigger picture, the long-term outlook remains bullish, with potential to challenge both the $3,345 and even $3,400 levels as part of the broader trend.
OANDA:XAUUSDShort
by Trader_VictorInvest
2
Harmonic Setup in Action – Can Gold Hold $3,280?Gold is currently completing a beautiful Bullish Harmonic pattern on the H4 timeframe, with point D steadily approaching a critical confluence support zone. Interestingly, this area also marks the completion of an extended AB=CD pattern, where Fibonacci ratios (XA – BC – CD) align almost perfectly – suggesting this could be a strategic short-term reversal point. If the price holds at this level and we see confirmation through a reversal candlestick or a micro-structure breakout, the next upside target could be around $3,336 – a zone that coincides with previous resistance and a high-volume node. However, should this support fail, the entire bullish structure could be invalidated – opening the door to deeper downside. This is just my personal analysis, not financial advice.
OANDA:XAUUSDLong
by Trader_VictorInvest
Gold Has Established a New Bullish Leg – Next Target: 3,374 USDHello everyone! Great to be back with you in today’s gold price discussion! After a breakout from the descending wedge that had extended since late June, XAUUSD is now making an effort to re-establish a new bullish trend. Currently, the price is retesting a critical confluence zone around the 0.618 Fibonacci retracement level (3,328 USD), which aligns with the previous descending trendline and sits near the highest volume area on the profile. This is more than just a technical support zone — it’s a psychological battleground where buyers are "feeling the waters" to confirm their conviction. If the bulls manage to defend this level and produce a strong price reaction — such as a bullish engulfing candle, pin bar, or a strong momentum candle — the bullish structure will likely be confirmed, opening the door for a move towards 3,346 (Fibo 1.0), and potentially even 3,374 at the 1.618 extension level. On the flip side, failure to hold the 3,328–3,323 region could trigger a deeper retracement back to the previous swing low around 3,300 — the starting point of the most recent rally. This is truly a “make or break” moment for the market: will it bounce to validate a new uptrend, or crack lower to test underlying support strength? Stay closely tuned to price action in the upcoming sessions — the market may soon send a clear signal.
OANDA:XAUUSDLong
by Trader_VictorInvest
Gold Setup: Fair Value Gap Retest Before Takeoff?The new week begins on a somber note as global market sentiment remains clouded by last week’s weaker-than-expected US jobs report. The latest Nonfarm Payroll data confirmed signs of a cooling US labour market, which has further boosted expectations that the Federal Reserve may move closer to a rate cut in September. Consequently, US Treasury yields continue to fall, and the US Dollar has lost some of its strength — creating a favourable environment for gold. However, despite these supportive conditions, gold prices are still undergoing a correction. On the H4 chart, XAUUSD is approaching a strategic support zone around $3,280–3,300, which was previously the breakout point that created a Break of Structure (BOS) during the last rally. One key technical detail to note is the Fair Value Gap (FVG) that remains open. Buyers may be waiting for price to revisit and fill this gap before stepping back in. From a technical perspective, this appears to be a healthy pullback within an overall bullish trend. As long as the $3,280 level holds, the bullish recovery scenario remains valid. If we see price action confirming a reversal in this area, gold could bounce back to $3,336 and potentially extend to $3,400. As long as a clear bullish reversal candlestick forms, a Buy trade may be considered to ride the next leg up. The short-term target is $3,336, with an extended move aiming for $3,400. However, a break below $3,280 would invalidate this bullish outlook in the short term. What do you think — is this a golden entry for the next bullish wave? Leave your thoughts in the comments and don’t forget to follow for more expert insights!
OANDA:XAUUSDLong
by Trader_VictorInvest
4
Gold in Accumulation – Is a Breakout Coming Soon?The gold market is entering a notable accumulation phase, with price moving slowly within a narrow range between 3,330 and 3,360 USD, forming a clear sideways structure on the H4 chart. After convincingly breaking out of a long-term downtrend channel, the precious metal now appears to be "gaining momentum" – potentially gearing up for a strong upward move once market sentiment breaks free from uncertainty. Interestingly, gold has already climbed above both the EMA34 and EMA89 – two moving averages that often act as significant technical resistance. Yet, instead of continuing its rally immediately, the market has entered a state of calm, as if waiting for a big trigger. Unsurprisingly, that trigger could come in the next 24 hours with the release of the U.S. Nonfarm Payrolls report – one of the most influential indicators shaping expectations around Federal Reserve rate decisions. This wait-and-see sentiment is clearly reflected in declining trading volume and the persistent sideways price action. It resembles a compressed spring – the longer it’s compressed, the stronger the potential breakout. If gold breaks above the 3,360 USD level with strong buying momentum, the market could quickly push toward 3,390 to 3,400 USD. On the other hand, if the 3,330 USD support level fails, a pullback toward the 3,300 USD area – supported by the EMAs – could follow. This is not the time to rush. Be patient, watch price action carefully, and only act when the market sends a clear signal. A breakout accompanied by volume is the most reliable sign to follow the smart money – and potentially ride the next big wave after the Nonfarm release.
OANDA:XAUUSDLong
by Trader_VictorInvest
2
Gold Pulls Back After Breakout – Buy the Dip or Wait and See?Dear Traders, Let’s dive into today’s latest gold analysis and trading strategy! Overall, after decisively breaking out of the descending channel, gold quickly gained momentum and surged to the $3,350 per ounce mark – its highest level in several sessions. However, after hovering around this price zone, the precious metal has since given up part of its gains as the U.S. dollar began to fluctuate again. Meanwhile, investors remain cautious, closely monitoring new developments on the trade front ahead of the July 9 tariff deadline. If conditions remain favorable, the “buy-the-dip” strategy still holds for gold – as long as the key static support at $3,000 continues to hold. The Fibonacci retracement also shows a pullback near the 0.5 level. The bullish trend could gain further traction if strong buying emerges from this support zone. What do you think – is gold ready for another breakout? Drop your thoughts in the comments below!
OANDA:XAUUSDLong
by Trader_VictorInvest
1
The Market Is Heating Up – Gold Breaks Above $3,300!Dear Traders, A convincing breakout from the downtrend channel has triggered a strong bullish wave in the gold market. As of now, XAUUSD is trading steadily above $3,300 – a key price zone that marks the return of buyers. Notably, the rally is not just a temporary reaction. The price action on the H2 chart shows consolidation at high levels, indicating that buyers are still in control of the game. And all eyes are now on the upcoming data from the US: the employment and manufacturing reports – “catalysts” that could further fuel the market’s rally. If the Fed signals monetary easing, gold could head straight for the $3,385 target zone in the short term. What do you think about this scenario? Are we witnessing the start of a new wave?
OANDA:XAUUSDLong
by Trader_VictorInvest
5
Gold is consolidating, but the downtrend still prevailsDear friends. Let’s find out the price of gold today! Gold prices appear to have entered a consolidation trend around $3,270 on Friday as the US dollar appears to be regaining momentum, while a recovery in US bond yields across the curve also weighed on the yellow metal. Technically, gold remains in a steady downtrend. Prices continue to cling to the 34 and 89 EMAs – a clear signal that sellers are in control. The $3,300 level continues to act as a key resistance level that the market needs to overcome to change the structure. Meanwhile, the nearest support level is at $3,250 and if this level is broken, we could see prices fall further to $3,220 or even the psychological $3,000 level in the near term – especially if the market does not have a strong enough new catalyst to reverse the trend. And you, what do you think about gold?
OANDA:XAUUSDShort
by Trader_VictorInvest
1
EURUSD: Reversal in Sight – Will the Bears Regain Control?At the start of the week, EURUSD is trading close to a key resistance zone at 1.172–1.174 after an impressive rally. However, recent price action shows signs of exhaustion, with several minor highs forming right at this resistance. This is a classic distribution setup — often a precursor to a reversal if no new catalyst emerges. From a technical perspective, the H1 chart reveals a weakening uptrend. Price has repeatedly failed to break through the resistance zone, and the short-term ascending trendline is now under threat. If strong selling pressure appears around 1.174, the next downside target could be the support zone near 1.160 — and possibly 1.155 if the US dollar regains strength. On the macro side, the US dollar remains under pressure as more traders bet on the Fed cutting rates sooner than expected. In addition, optimism surrounding a new trade deal between the US and Canada and potential policy shifts under the new administration are weighing on the dollar. Still, recent inflation data remains relatively stable, with Core PCE coming in at 2.7% — higher than forecasts — which may prompt the Fed to keep rates higher for longer. With both technical and macro factors aligning, EURUSD is now at a critical juncture. If we see clear rejection signals at the current resistance (such as a pinbar, bearish engulfing candle, or volume exhaustion), it could offer a solid short setup. On the other hand, a strong breakout above this zone may confirm trend continuation, with the next target near 1.180. So, what’s your take? Will the bulls keep control, or are the bears about to return? Let us know your view!
Short
by Trader_VictorInvest
XAUUSD: Bearish Setup Within a Descending ChannelHello all dear traders! Today, gold continued its downtrend, closing at around $3,274 and down around 1.61% from the previous day's opening. The decline came amid a return to the USD race after tough statements from the Fed Chairman, which quickly faded gold's safe-haven status. In addition, news of a temporary ceasefire between Iran and Israel further boosted the "risk-on" sentiment: global stocks turned green, while gold was left behind in the cold by investors. On the chart, gold shows a clear downtrend structure, with lower highs and lower lows, maintaining a bearish structure. The price is currently trading within a descending channel and has recently broken the important support zone of $3,300. Barring any surprises from the news, the downside momentum is likely to continue, heading towards the $3,240 - $3,200 zone. So, what do you think?
OANDA:XAUUSDShort
by Trader_VictorInvest
4
Gold Under Pressure as Risk Appetite RisesGold continues to edge lower today, currently trading around $3,330 and maintaining its downward trajectory. The primary driver behind the decline is the easing geopolitical tension following a ceasefire agreement between Iran and Israel. As fears subside, demand for gold as a safe haven asset has weakened significantly. Meanwhile, rising global equity markets and a sharp drop in oil prices are adding further downside pressure on the precious metals space. Investor focus is also shifting toward the upcoming testimony from Federal Reserve Chair Jerome Powell before Congress. Market sentiment remains divided on rate policy, with many expecting a more cautious Fed rather than an aggressive pivot. This uncertainty could weigh further on gold prices in the short term.
OANDA:XAUUSDShort
by Trader_VictorInvest
The uptrend is being tested at the resistance of 3,305 USDAfter a strong recovery from the bottom around 3,140 USD, the world gold price is touching the important resistance zone at 3,305 USD/ounce in the trading session on May 21. On the 4H chart, the short-term uptrend is reinforced when the price breaks above the EMA 34 and EMA 89, creating a golden cross pattern - a sign that often signals the continuation of the uptrend. However, the 3,305–3,325 area is currently acting as a short-term resistance - where many reversals have been recorded in the past. The price is showing signs of slowing down when approaching this area, with small candles and narrow bodies, indicating that buying power is temporarily slowing down. If gold breaks and closes clearly above 3,325, the price will likely continue to move towards 3,375 and further to 3,400 USD. On the contrary, if the price fails to break above the current resistance zone and reverses, the support zone to watch is the confluence between EMA34 and EMA89 around 3,250–3,260. With market sentiment still dominated by geopolitical factors and US credit risks, gold continues to maintain its safe-haven role. However, investors should monitor the price reaction at the 3,305 area to confirm the next momentum – whether it is a breakout or a technical correction.
OANDA:XAUUSD
by norbanpar
Gold breaks out of triangle patternThe world gold price has increased to 3,222 USD/ounce, continuing the strong recovery thanks to supportive factors from safe-haven sentiment. Moody's downgrade of the US long-term credit rating has fueled concerns about financial risks, while trade tensions due to the US Treasury Secretary's statement have further strengthened gold's position as a safe haven. On the 1H chart, the price has just broken out of the ascending symmetrical triangle pattern - a technical structure that often signals the continuation of an uptrend. The breakout zone around 3,235 is currently acting as support. As long as the price holds above this zone, the possibility of gold continuing to move towards the target of 3,270–3,280 is quite high. In particular, the EMA34 and EMA89 lines are converging and preparing to create a short-term bullish crossover. However, investors should note that if the price reverses and breaks through the bottom of the triangle (below 3,220), the bullish pattern will be negated, and the possibility of a bearish reversal will return. With the geopolitical and economic context still having many uncertainties, gold is holding the upper hand but still needs solid confirmation from price action after the breakout.
OANDA:XAUUSD
by norbanpar
Beware of short-term bull trapsOn the H4 chart, gold is testing an important resistance zone around EMA89 (purple) after a rebound from the bottom of 3,120. However, both EMA34 and EMA89 are sloping down, indicating that the short-term trend is still bearish. The current rebound is not strong enough to confirm a reversal. The most recent candle also has a long upper shadow, indicating that selling pressure is waiting above. If the price is rejected at the 3,250–3,260 zone and turns around to break down to 3,220, there is a high possibility that gold will retest the old bottom around 3,120. The strategy at this time is to stay out or wait to sell lightly if a clear reversal signal appears near the resistance zone. Avoid FOMO because the rebound has not been confirmed by volume or trend structure.
OANDA:XAUUSD
by norbanpar
Gold breaks EMA34 – Trend is weakeningOn the D1 chart, gold has just closed below EMA34 for the first time since February. Although the price bounced back slightly from the 3,120 area today, I see that the recovery force is still weak and not enough to reverse the trend. EMA34 has started to curve down, warning that the medium-term uptrend is weakening. If the next few sessions cannot surpass 3,240, I am inclined to the scenario that the price will continue to fall to EMA89 around 3,050–3,070. I will temporarily stay out of this area, waiting for a clearer signal before deciding to follow the buying or selling side.
OANDA:XAUUSD
by norbanpar
Gold Loses 3,220 – Will It Fall Further?Gold has just broken through the 3,220 support and closed the H4 candle at $3,213/ounce. The strong red candle with volume shows that the sellers are still in control. I saw the EMA34 cut down to the EMA89 early and maintained a negative slope – confirming a clear downtrend. I am watching the 3,180 – 3,200 zone as the next target. If the price rebounds but does not surpass 3,240, I will continue to sell. The current situation is not suitable for buying against the trend, especially when the USD is still strong and the safe-haven sentiment is decreasing.
OANDA:XAUUSD
by norbanpar
Gold breaks through 3,300 – Selling pressure has not stoppedGold price plummeted from 3,325 to 3,237 USD/ounce after the US and China reached a temporary agreement to reduce taxes. The stock market is up, the USD is strong, money flows out of gold. I see selling pressure clearly dominating. On H1, the price is still below EMA34 and EMA89, recovering weakly around 3,260. H4 confirms the downtrend that has been formed before. If it does not surpass 3,270, I am inclined to believe that gold will continue to fall to 3,200 – 3,180.
OANDA:XAUUSD
by norbanpar
Gold Breaks Support Level – The Downtrend May Not StopAfter peaking at $3,500/ounce in April, gold is in a clear correction phase. On the H4 chart, the price has broken through both the EMA34 and EMA89, indicating that a short-term downtrend has been established. The most recent session closed at $3,223, losing nearly $130 in just a few sessions. The sharp decline appeared after a long rally and the peak was rejected many times. The break through the EMA89 support has triggered technical selling pressure, reflecting the psychology of profit-taking after failing to surpass the old peak.
OANDA:XAUUSD
by norbanpar
Gold falls after FED news, cautious buying powerWorld gold prices retreated to $3,370/ounce, down more than $25 from last night's peak. The H4 chart shows a sharp decline that broke through the EMA34, currently testing the EMA89 - a signal that profit-taking pressure is increasing after the previous strong bounce. The FED kept interest rates unchanged in the 4.25% - 4.5% range, as expected. However, Chairman Jerome Powell's "wait and see" statement made investors pause buying gold due to concerns that prolonged high interest rates will continue to put pressure on non-yielding assets like gold. In addition, the rise in international stocks and China's money pumping policy have reduced the attractiveness of this safe haven.
OANDA:XAUUSD
by norbanpar