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CRUDE Hello & welcome to this analysis WTI OIL is at the PRZ of a bullish Harmonic Cypher pattern suggesting a bounce/reversal from current levels. Crude (MCX) however does not have any bullish harmonic patterns at the moment, normally, we do see them in sync, however, this time maybe due to a strong INR the pattern is not seen. One can take a trade tracking USOIL / WTI either above $57.85 (60m close) with swing low as stop loss or take a bullish trade here with $55.95 as stop loss. The targets are 38-50-62 Fibonacci levels as marked in the chart All the best
TVC:USOILLong
by Dinesh_C_Nagpal
Sellers Take Over as Gold Breaks ConsolidationGold is moving exactly as I mapped out in my previous updates,and Breaks Down from Consolidation following the path accurately that we discussed in last updates.... Yesterday’s monthly close gold closed below 3300 level, which gave sellers more confidence. As a result, we’ve seen a solid drop today, with the price now at 3132 on the daily chart, down 1.73% . The Price Action confirms the bearish momentum I’ve been talking about. We’re now approaching some key levels for intraday . The 3220-3225 HVN area and the 3200-3210 psychological support zone are spots where we might see a short-term bounce. However, the larger trend remains in correction mode, just as I projected earlier. For stronger support, I’m keeping an eye on the 3135-3150 zone, and if the decline continues, the 2980-3000 area could be a great spot for a potential swing buy, as marked on the chart.As of now I am still expecting the correction to play out toward 3000 in the bigger picture!
PEPPERSTONE:XAUUSDShort
by TheGoldenCircle
NFP & White House Comments to Spark Heavy Volatility?🚨 Gold Pauses at Crossroads – NFP & White House Comments to Spark Heavy Volatility? Gold is entering the US session with a quiet rebound after an intense selloff phase. Following its historic rally to $3,500/oz, the yellow metal has come under significant pressure — not from fundamentals alone, but from massive profit-taking across Asia, especially from retail investors in China. Such sharp pullbacks are not abnormal after parabolic runs. Instead, this pullback seems like a healthy technical reset before the market processes two major catalysts later today: 1️⃣ The US Nonfarm Payrolls report (May edition) 2️⃣ Official White House comments on tariffs and trade direction Together, they’re likely to dictate where Gold is heading next — either a retracement deeper into the demand zones, or a renewed upside attempt toward recent resistance. 📊 DXY & Macro Lens: The US Dollar Index (DXY) has rebounded strongly from its base near 98.xx, now reclaiming levels near 100.00. Whether it continues higher depends largely on labor data and economic signals from the White House tonight. For now, traders should remain neutral-biased but responsive — and treat every key level with surgical precision. Use the H1–H2 timeframe for intraday bias and structure-based execution. 🔺 Key Resistance Levels: 3260 3275 3285 3312 🔻 Key Support Levels: 3244 3230 3215 3200 🎯 Trade Plan for Today – May 3rd, 2025: 🔵 BUY ZONE A: 3232 – 3230 SL: 3226 TP: 3236 → 3240 → 3244 → 3248 → 3252 → 3256 → 3260 🔵 BUY ZONE B: 3214 – 3212 SL: 3208 TP: 3218 → 3222 → 3226 → 3230 → 3235 → 3240 🔴 SELL ZONE: 3276 – 3278 SL: 3282 TP: 3272 → 3268 → 3264 → 3260 → 3250 ⚠️ Final Notes: Volatility today could spike sharply during the US session. With nonfarm data + political headlines colliding at once, this is the kind of session where fortunes are made — or lost. 📌 Avoid emotional trades. Let price reach your zones, wait for confirmation, and stick to your TP/SL rules like a professional. 🚀 The real move hasn't happened yet — but it's coming. Be ready. Be sharp. Trade with discipline.
OANDA:XAUUSDLong
by MMFlowTrading
1
Crude Oil Futures Under Pressure; Key Resistance Confirmed at ₹5Crude Oil futures on the MCX continued their downward trajectory on Wednesday, closing near ₹4,949 amid growing bearish momentum. WaveNodes Pro Max AI flagged a "Seller Trap Possible", but downside targets remain intact for now. Seller trap alert means big players are finding opportunity to trap or shed short sellers. The system-identified Short Entry at ₹5,212 has held firm as resistance, with two clear retests failing to breach the impact zone of ₹5,233–₹5,263. This former support has now flipped decisively into supply, adding pressure on intraday rallies. 🔻 Key Developments: AI Bearish Probability: Rises to 50.9%, surpassing bullish odds. Target 1 (₹5,036–₹5,103) achieved successfully. Target 2 set at ₹4,750–₹4,818, with potential for deeper correction toward ₹4,465–₹4,533. Profit Booking Alert: ₹5,084 marked as short-term profit-taking zone. 📉 Market Sentiment: Volatility remains elevated at 23 PPB, with good volatility reading at 21 PPB, suggesting controlled but active movement. Despite bearish strength, the AI warns of a possible seller trap, especially if prices reclaim levels above ₹5,084. 🧠 Analyst Take: “The rejection at ₹5,212 confirms the breakdown structure. As long as crude trades below this zone, lower targets remain open. However, a surprise reclaim could trigger short covering,” analysts from WaveNodes noted. 📊 Outlook: Trend: Bearish Resistance: ₹5,212–₹5,263 Support: ₹4,750 → ₹4,465 Traders are advised to watch volumes closely as crude approaches the next support band. A failure to break lower could validate the seller trap thesis.
MCX:CRUDEOIL1!Short
by WaveNodes
2
Gold’s Calm Before the US Data Storm – Are You Ready?Consolidation Continues Amid Global Holidays – Is Gold Gearing Up for Another Leg? 🌐 Fundamental Insight: After last week’s historic rally toward $3,500/oz, gold has entered a cooling phase as markets digest evolving geopolitical developments and economic signals. The recent de-escalation in US-China trade tensions, triggered by President Trump’s plan to ease tariffs on auto parts and imports, has reduced immediate risk sentiment. China’s response — lifting retaliatory duties on select US goods — further eased tensions, leading to a safe-haven selloff in precious metals. However, with uncertainty still looming ahead of this week’s US labour data (ADP + NFP), investors remain cautious. Adding to this, today’s Bank Holidays in parts of Asia and Europe are contributing to reduced trading volumes. A sideways market with erratic moves is likely until the US session opens, where higher volume and stronger direction may emerge. 🔍 Technical Picture (H1 – H4 Outlook): Gold is currently forming a compression pattern between the 3278 resistance zone and the 3196 demand area. Price is holding above key structure support near 3192, indicating buyer interest remains intact. The market may continue to oscillate in this tight intraday range before US traders step in. All eyes are now on upcoming ADP employment data — often a lead indicator for Friday’s NFP — which could provide the next directional push. 🔺 Key Resistance Zones: 3248 3260 3278 🔻 Key Support Zones: 3230 3225 3215 3196 🎯 Trade Strategy – April 30 🔵 BUY ZONE: 3198 – 3196 Stop-Loss: 3192 Take-Profits: 3202 → 3206 → 3210 → 3215 → 3220 → 3225 → 3230 🔴 SELL ZONE: 3276 – 3278 Stop-Loss: 3282 Take-Profits: 3272 → 3268 → 3264 → 3260 🧠 Note: Short-term traders may consider scalping within the range, while swing traders can wait for a break and retest of either key zone before committing with volume. ⚠️ Things to Watch Today: Thin liquidity due to Labour Day holidays across Asia & Europe ADP report release in the US session (potential volatility spike) End-of-month candle close — watch out for liquidity grabs and false breakouts US 10Y bond yields and DXY movements will continue to influence gold sentiment 📌 Final Thoughts: Gold is in pause mode, but not for long. The market is clearly building energy ahead of high-impact US data. With the broader trend still bullish and structure holding above 3190s, we stay cautiously optimistic — but flexible. Risk management will be critical today. Expect the unexpected during low-volume sessions and be prepared for sharp moves when the US opens. 📈 Stay disciplined. Respect your zones. And let the data lead the way.
OANDA:XAUUSDShort
by MMFlowTrading
1
Gold continues to lose value, pressured by USD and China dataWorld gold prices fell to $3,279/ounce, down $31 from the previous session's peak. The USD increased slightly along with the decline of crude oil and US stocks, making gold less attractive. In addition, weak economic data from China raised concerns about falling physical gold demand - contributing to the price decline. On the daily chart, gold is falling from the peak, approaching the EMA34, warning of the risk of a deeper correction if it fails to hold this support level.
OANDA:XAUUSD
by norbanpar
2
Gold Still Dropping What I’m Watching This Week....Following my last update, gold price action continues to align with the bearish short-term outlook I projected. The weekly close on April 27, 2025, as seen in the chart, confirmed the bearish sentiment with a red candlestick, well below the recent highs and the golden Fibonacci zone (3380-3408). This reinforces that sellers remain in control. Today, gold is still trading , below the golden Fib zone, which continues to act as a resistance. The price has not yet tested the first support level at 3150-3165, but the downward trajectory suggests it may approach this zone soon. If this support holds, we might see a temporary bounce; however, a break below 3150-3165 could accelerate the decline toward my target of 3000, as indicated by the chart projected path. The weekly close below the recent swing highs and the failure to reclaim the golden Fib zone strengthen the bearish case. For the short term, I expect gold to continue its downward movement unless a significant reversal pattern emerges.
PEPPERSTONE:XAUUSDShort
by TheGoldenCircle
1
Gold weakens under pressure from USD and bonds On the morning of April 30, the world gold price fell to 3,318 USD/ounce, down 20 USD compared to the same time the previous day. The strong increase in USD and high US bond yields at 4.23% made gold lose its appeal in the eyes of investors. The recovery of US stocks and the decline in oil prices further depressed market sentiment. On the H4 chart, gold has not yet escaped the sideways zone around EMA34 - a sign that buying power is weakening.
OANDA:XAUUSD
by norbanpar
Gold Monthly Close Today : Range Bound and Ready for a Move...Since my last update, not much has changed, Gold is still stuck in that range-bound movement we’ve been watching. ,Price continuing to trade in triangle pattern I mentioned before. It’s definitely tightening up, which means we’re getting closer to a breakout. Right now, 3300 is holding strong as a good support level, while 3350 is acting as a major resistance, keeping the price in wide range. My view hasn’t shifted , I’m still leaning bearish for the short term, as the price remains below the golden Fibonacci zone (3380-3408), and the weekly close earlier this week already confirmed the sellers are in control. Today’s monthly close is important, and it could set the tone for what’s next. If gold closes below 3260-75, it’ll strengthen my case for a drop toward 3000. But if we see a surprise breakout above the triangle and 3350, we might need to rethink the short-term direction. For now, I’m sitting tight, waiting for the breakout from this range to get a clearer picture. Let’s see which way gold decides to go on month closing...
PEPPERSTONE:XAUUSDShort
by TheGoldenCircle
Gold forms a top patternOn the H4 chart, the gold price chart is forming a clear bearish structure after forming a three-peak pattern in a row around the $3,435–$3,470 range. Each time the price touches this range, it is strongly rejected, indicating that selling pressure controls the market. The fact that the price cannot maintain above the EMA34 and EMA9 at the same time is also a sign of confirmation of a weakening trend in the short term. Although gold recovered slightly to the $3,365 range in the Asian session on April 25 thanks to news of PBOC money injection and a weakening USD, the buying pressure was not enough to break the bearish structure. The price quickly reversed and fell below the $3,300 mark, confirming the possibility of further correction in the near future. Currently, the price has cut below the two EMAs and broken the nearest bottom at $3,290, triggering a bearish signal according to the “small head and shoulders” pattern on the H4. The next target is the strong support zone of $3,180–$3,220. If this zone is broken, the correction trend may extend deeper to the $3,100 area. The appropriate short-term strategy at this time is to wait for the price to retrace to the $3,310–$3,330 area, cut losses above $3,350 and take profits around $3,200. The bullish scenario will only happen if the price breaks above $3,370 and closes above the old resistance – then the bearish structure will be broken.
OANDA:XAUUSD
by norbanpar
4
XAU/USD Outlook – Will This Tight Range Explode Soon?🔥 XAU/USD Outlook – Will This Tight Range Explode Soon? 📊 Technical Overview: Gold (XAU/USD) has entered a consolidation phase after last week's sharp swings. The market is currently trapped within a tightening structure between 3,274 and 3,336, forming a potential wedge or triangle pattern. This type of structure often precedes a breakout. Price is still hovering below the 200 EMA on the H1 timeframe, while key support zones are starting to show signs of buying interest. A hold above 3,301 could lead to a potential rally toward the upper resistance levels at 3,352 – 3,366. 🔺 Key Resistance Levels: 3,336.767 3,352.159 3,357.689 3,366.067 🔻 Key Support Levels: 3,301.370 3,291.885 3,274.779 🎯 Trade Setups: 🔵 BUY ZONE: Entry: 3,274 – 3,276 SL: 3,270 TP: 3,284 – 3,291 – 3,301 – 3,336 🔴 SELL ZONE: Entry: 3,357 – 3,366 SL: 3,370 TP: 3,336 – 3,301 – 3,291 📰 Today’s Market Focus: No major economic data is expected today. However, markets may begin pricing in expectations ahead of this week’s key releases — ADP Employment Change and Nonfarm Payrolls (NFP). Geopolitical tensions in South Asia and statements from FED officials may act as surprise catalysts for gold volatility. 🧭 Conclusion: Gold remains stuck in a tight sideways channel. Traders should continue range trading while waiting for a confirmed breakout. A strong breakout above 3,366 or breakdown below 3,274 will set the tone for the next directional move. 👉 Trade smart and manage your risk. All eyes on U.S. data and geopolitical headlines!
OANDA:XAUUSDLong
by MMFlowTrading
Still Bearish on Gold – Watching Triangle Breakout Gold price continues to exhibit a bearish short-term outlook, with price action remaining range-bound. As observed on the 4-hour chart shared today, gold is currently forming a triangle pattern, indicating a consolidation phase. The price is trading at 3146.13, still well below the golden Fibonacci zone (3380-3408), reinforcing that sellers maintain control. The triangle pattern suggests an impending breakout, and the direction of the breakout will likely dictate the next significant move. Given the bearish context from ,my previous analysis supported by the weekly close below recent swing highs and the failure to reclaim the Fib zonemy bias remains toward a downward breakout. If the price breaks below the triangle's lower trendline, it could test the key support at 3150-3165. A break below this level would likely accelerate the decline toward my target of 3000, as previously projected. However, if gold breaks above the triangle's upper trendline, it could signal a potential short-term reversal, possibly retesting resistance around 3380. For now, I lean toward the bearish scenario, expecting lower levels to be tested soon unless a strong bullish sign appear outside of this range formation .
PEPPERSTONE:XAUUSDShort
by TheGoldenCircle
Bearish Setup in Gold: Breakdown Confirmed with Strong Volume!Hey, what's up Traders! I’ve been watching Gold closely, and it seems like we’re seeing a descending channel setup. After hitting the top, it’s now testing the lower boundary. If Gold can't hold this support level, we could see a nice downward move. The entry range I’m eyeing is around 3275-3295 , with a stop loss just above at 3239 . 1st target : 3209 2nd target : 3160 Final target : 3120 The volume behind this move suggests we might see more selling pressure. If Gold breaks through the lower trendline, the downside move could gather more momentum. As always, let’s manage risk carefully, stay sharp, and watch the price action closely! Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions. If you found this helpful? Don’t forget to like, share, and drop your thoughts in the comments below.
TVC:GOLDShort
by TraderRahulPal
15
DeGRAM | GOLD Held Support Level📊 Technical Analysis Gold’s slide paused at $3 315; holding here keeps $3 500 – 3 520 in play. 💡 Fundamental Analysis • PBoC has been buying for 5 months in a row. • WGC expects strong demand from central banks in 2025. • Trade wars, tensions in the Middle East and South Asia are causing risks that are increasing demand for gold. • IMF warns new tariffs could slow growth, boosting safe-haven bids. • Western ETFs had bought ≈240 t by mid-April. • DXY is at 3-year lows and yields are down. ✨ Summary Strong central-bank buying, renewed ETF inflows, softer USD yields and rising geopolitical risk align with chart support, favouring a rebound toward $3 500 – 3 520 while $3 315 holds. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDLong
by DeGRAM
1
Gold falls below $3,300International gold prices are currently trading around $3,290/ounce, down $40 from last week and far from the record high of $3,500. The bearish structure still prevails as gold is below the EMA34 and EMA89, while failing many times to regain the $3,300 mark. Strong profit-taking pressure, a recovering USD and rising bond yields are dragging gold prices down, despite the previous optimistic expectations from the Kitco survey. If gold continues to weaken below $3,300, it could head towards $3,250, deeper into the $3,200–$3,220 range. Conversely, only when it surpasses $3,320 will the downtrend be challenged. Short-term strategy: Prioritize selling when gold recovers weakly.
OANDA:XAUUSD
by norbanpar
1
Trading Plan – April 28, 2025: GOLD (XAU/USD) Strategy🌟 Daily Trading Plan – April 28, 2025: GOLD (XAU/USD) Strategy 📈 Technical Overview: After the strong sell-off last week, gold is now consolidating around the key support zone 3260–3270. Price action is tightening, forming a symmetrical triangle pattern on the M15 timeframe. The MA 13 – 34 – 200 alignment suggests a short-term bearish trend, but selling momentum is weakening. The chart indicates a potential retest towards resistance levels before deciding the next major move. 🎯 Key Price Zones to Watch: Immediate Resistance: 3299 – 3313 Major Support: 3260 – 3268 – 3239 Potential Rebound Target: A retest towards 3299 – 3313 before a possible sell-off resumes. 📌 Trading Scenarios: Primary Strategy: Look for short-term BUY setups near the 3260–3268 support zone, aiming for a corrective move towards resistance, then watch for SELL signals. 🎯 Detailed Plan: 🔵 BUY Zone: 3260 – 3258 Stop Loss: 3254 Take Profit: 3264 – 3268 – 3272 – 3276 – 3280 – 3290 🔴 SELL Zone: 3299 – 3301 Stop Loss: 3306 Take Profit: 3294 – 3290 – 3286 – 3282 – 3275 📢 Important Notes: Today's price range could move between 60–80 pips, with no major economic events scheduled. However, the market remains highly sensitive to geopolitical news, especially concerning India–Pakistan tensions and U.S.–China relations. Always stick to your TP/SL plans and avoid FOMO during rapid price movements. ✅ Summary: This is a high-sensitivity period for gold. Prioritize trading high-probability setups: BUY at support – SELL at resistance, and only scale in positions after clear confirmation!
OANDA:XAUUSDShort
by MMFlowTrading
2
Gold Under Pressure: Waiting for the Next Big MoveEarlier today, gold wrapped up the week around $3,320/ounce, falling about $53 from the previous night's peak at $3,373. This drop feels like a natural reaction as market flows begin to shift direction. The main driver behind the pullback was a stronger U.S. dollar, fueled by easing concerns over the global economy. At the same time, rising U.S. bond yields made non-yielding assets like gold less attractive to investors. Additionally, progress in U.S. trade talks with other nations further reduced the immediate demand for safe-haven assets like gold. That said, I believe the market is now in a "holding pattern," awaiting key U.S. economic data — especially the upcoming inflation report from the Fed. If the numbers confirm economic stability, gold may face additional short-term selling pressure. Bottom line: This is a time to trade cautiously. Focus on how gold reacts around major support zones and adjust strategies based on fresh economic data. Wishing everyone safe and successful trading!
OANDA:XAUUSD
by Jack97_Trading
Gold Retreats as Trump’s Trade Talk Flip Sparks CautionGold Retreats as Trump’s Trade Talk Flip Sparks Caution – Friday Volatility Expected 💥📉 🟡 Market Recap & Sentiment Gold prices jumped over 1% this week, reaching around $3,500/oz, as investors sought safe-haven assets amid a weakening USD and global uncertainty. However, analysts believe this Price surge is driven by greed and needs a healthy correction. “Gold might consolidate in the near term, but we’re still in a bull market. Dips will be bought,” said analyst Wong. Meanwhile, the US Dollar and equities are losing their appeal as investors digest contradictory signals from President Trump. He confirmed that US-China trade negotiations are ongoing, while China denied any talks – sending shockwaves across markets and triggering a sharp pullback in gold during the Asian session. This political flip-flop is adding confusion, and traders are advised to stay cautious before jumping into any positions. 📉 Fundamental Triggers Today Core Retail Sales (US) – releasing later today during the US session. It’s also Friday – which means potential for weekly candle closure volatility and liquidity grabs. Coupled with the ongoing tariff headlines and geopolitical drama, today could be extremely unpredictable. 📍 Key Levels to Watch Resistance: 3366 – 3384 – 3406 – 3428 – 3445 Support: 3308 – 3288 – 3270 🔹 Trade Setup Suggestion 🔸 BUY ZONE: 3288 – 3286 SL: 3282 TP: 3292 – 3296 – 3300 – 3304 – 3310 🔸 BUY ZONE: 3270 – 3268 SL: 3264 TP: 3274 – 3278 – 3282 – 3286 – 3290 🔻 SELL ZONE: 3384 – 3386 SL: 3390 TP: 3380 – 3376 – 3372 – 3368 – 3364 – 3360 – ??? 🔻 SELL ZONE: 3406 – 3408 SL: 3412 TP: 3400 – 3396 – 3392 – 3388 – 3384 – 3380 – 3370 – 3360 ⚠️ Risk Management Reminder Be cautious today – it’s a Friday with major data and geopolitical uncertainty. ✅ Always respect TP/SL levels. ✅ Let the market show confirmation before entering positions. Sit tight and let the market come to your zone – don’t rush in with FOMO during uncertain sentiment.
OANDA:XAUUSDShort
by MMFlowTrading
Gold Weekly Close Critical for Confirming correction PatternYesterday's slight price recovery(Green Closing) appears to be a normal bounce after the sharp two-day decline. This aligns with typical market behavior where prices don't move in straight lines, even during strong drop or rise. The current price action (3349) is still trading well below to golden fib zone(3380-3408) , which suggests that price is still under sellers control as of now. The key will be whether price respects the first support level around 3150-65 or breaks through it, potentially accelerating toward my 3000 target. As today is the weekly close, this will be particularly important for setting the tone for next week trading. If gold closes significantly below recent highs, it would strengthen the bearish /correction case for the short-term outlook that I have projected.
PEPPERSTONE:XAUUSDShort
by TheGoldenCircle
Head and Shoulder pattern in XAUUSDA sneaky head and shoulder pattern is visible in XAUUSD It signals a possible pull back in gold prices, as rumouring in the market. Immediate reistance is 3340.60 which also is part of the right shoulder. Price falling till 3250-3247 will finish the right shoulder and then it will open the possibilities of deep pull back till the lower prices 3080 which the the trendline drawn from the lowest of this year starting. Right now it's wait and watch as RSI is not in confluence of this view yet.
OANDA:XAUUSD
by AbsoluteAnalytics
Gold Rebounds Sharply After Steep DropAfter plunging $91 to close at $3,288 in yesterday’s session, gold staged an impressive comeback this morning, surging over 700 pips to reach the $3,360 area. This sharp price swing was largely driven by a mix of news catalysts. U.S. President Donald Trump stated he has no plans to remove Fed Chair Jerome Powell, but called for more aggressive rate cuts—boosting the U.S. dollar and putting short-term pressure on gold. At the same time, the IMF released its latest global outlook, projecting elevated inflation through 2026. This raised expectations for prolonged monetary tightening from central banks, capping gold’s upside potential. Additionally, a wave of profit-taking after gold's recent rally added to the downward correction.
OANDA:XAUUSD
by Malloriee
5
Gold Surge: 80 Price Bounce from Key Support Gold Surge: 80 Price Bounce from Key Support – What’s Next for the Market? 💰📈 Market Overview: Gold has surged by 80 pips today, bouncing from the support level at the end of the U.S. session yesterday after liquidity was swept at the 3260 zone. Investors are now looking to buy the dip after the 250+ pip drop in gold over the past few days. Currently, after the strong 80 pip rally, gold is consolidating at the 0.382 Fibonacci retracement zone, with selling pressure mounting. Key Price Levels to Watch: Resistance: 3343, 3358, 3376, 3410, 3446 Support: 3210, 3286, 3275, 3230 Market Sentiment: There’s a strong sell reaction at current levels, which suggests that the price could continue to push lower in both the Asian and European sessions to fill liquidity in the Fair Value Gap (FVG). After the 80 pip rally and 40 pip reaction, the market seems to be consolidating between 3328 and 3320. We expect a price movement range of 80-100 pips today, so caution is advised, especially around key levels at 3376-3378, where a potential sell can be placed. Next Potential Movements: If gold fails to break through the 3376-3378 resistance zone, we could see a continuation of the downward move. If the 3376-3378 zone holds strong, this could be a good opportunity to sell. Should the price break through this zone, we’ll observe the next key resistance around 3410. A break above 3410 could signal a reversal to the upside, turning the trend into a BUY instead of SELL. Today's Strategy: For today, the focus will be more on SELL opportunities as gold pushes back to fill the FVG liquidity around 3288. Once we see how the price reacts at these levels, we can start planning for BUY entries. Watch out for Unemployment Claims data from the U.S. later in the session, as this could trigger volatility. Be cautious when trading around news events, especially in a sensitive market. Trade Setup: BUY ZONE: 3230 - 3228 SL: 3224 TP: 3234 - 3238 - 3242 - 3246 - 3250 - 3254 - 3260 SELL ZONE: 3376 - 3378 SL: 3382 TP: 3372 - 3368 - 3364 - 3360 - 3355 - 3350 SELL ZONE: 3408 - 3410 SL: 3414 TP: 3402 - 3398 - 3394 - 3390 - 3386 - 3382 - 3375 - 3370 Risk Management: It’s important to manage your risk appropriately given the current market conditions. Ensure you’re following your TP/SL levels strictly to protect your capital from market volatility.
OANDA:XAUUSDShort
by MMFlowTrading
2