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30/06: WILL WE SEE A RECOVERY ON THE LAST DAY OF THE MONTH? GOLD PLAN – 30/06: WILL WE SEE A RECOVERY ON THE LAST DAY OF THE MONTH? ☄️ ✅ Macro Context – Focus on USD Debt and Political Pressure As June comes to a close, the US faces a major $6 trillion debt maturity from COVID-era borrowings, creating potential stress on USD liquidity and overall market sentiment. Gold saw a sharp dip to the 32xx range during the Asian session but has bounced back and is currently hovering near last week's closing levels. While the medium-term outlook remains bearish, short-term signals are showing signs of a potential recovery. ✅ Political Catalyst: Trump’s Pressure on Fed: Trump is pushing the Federal Reserve to cut interest rates to 1%-2%, saying he won’t appoint anyone unwilling to ease monetary policy. This has sparked expectations for potential rate cuts, which could provide support for gold prices in the near term. ✅ Technical Outlook – Multi-timeframe Structure Gold continues its downward correction on higher timeframes. However, short-term candles are indicating recovery momentum, with buying activity near the 327x zone. Today's Strategy: Focus on short-term BUY setups that align with the recovery wave. ✔️ Key Resistance & Support Levels 🔺 Resistance: 3283 – 3291 – 3301 – 3322 🔻 Support: 3277 – 3271 – 3259 – 3247 🔖 Trade Scenarios ✅ Buy Scalping 🔺 Entry: 3272 – 3274 🔹 SL: 3268 ✔️ TP: 3282 → 3288 → 3298 ✅ Buy Zone 🔺 Entry: 3249 – 3251 🔹 SL: 3244 ✔️ TP: 3265 → 3282 → 3295 → 3310 💠 Sell Scalping 🔺 Entry: 3298 – 3300 🔹 SL: 3304 ✔️ TP: 3292 → 3282 → 3270 💠 Sell Zone 🔺 Entry: 3327 – 3329 🔹 SL: 3333 ✔️ TP: 3322 → 3310 → 3298 → 3282 ⚡️ Final Note As we near the end of the month, expect possible volatility due to USD flows and institutional rebalancing, which could create further opportunities in the gold market.
OANDA:XAUUSDLong
by MMFlowTrading
XAUUSD – Bearish Momentum Builds Amid Risk-On MoodGold continues to trade within a clearly defined descending channel, forming lower highs and leaving several Fair Value Gaps unfilled. After rebounding from the 3,238 USD support, price is now approaching key resistance near 3,297 USD — aligning with the main descending trendline. If price fails to break above this resistance, a drop back toward the 3,238 USD support is likely, with a deeper target around 3,200 USD at the lower boundary of the channel. Fundamentals currently support the bearish bias: improving US–China trade relations and rare earth agreements have triggered “risk-on” sentiment, pulling capital away from gold. Meanwhile, strong USD momentum is driven by robust Core PCE data and the Fed’s hawkish stance, showing no rush to cut rates. Strategy outlook: Watch for price reaction at 3,297 USD. If bearish rejection occurs, short setups toward 3,238 USD and below could be considered.
OANDA:XAUUSDShort
by Rocky_trade_
Gold in Free Fall – Is This Just the Beginning?Hey fellow traders! Today, gold is taking a serious dive — price has crashed below the critical $3,300 support, and things aren't looking great for the bulls. The chart says it all: the old support zone has been wiped out, and the recent minor bounce? Just the calm before a deeper selloff. 💣 What’s dragging gold down? -The reasons are crystal clear: -US Treasury yields are spiking, pulling capital away from gold. -The US dollar is rebounding strongly, boosted by hawkish Fed commentary. Global markets are optimistic, with geopolitical tensions easing — which means gold is losing its safe-haven appeal. In short: there's not much left to keep gold afloat right now. 📉 Technical outlook – Breaking down and breaking lower? On the H4 chart, gold has officially lost the EMA 34 (~$3,322) — a key dynamic support that's held multiple times in the past. With that breach, sellers rushed in. Price is now sliding toward the bottom of the descending channel, targeting $3,240, and possibly $3,200 if bearish momentum continues. And if gold pulls back to retest the broken zone? Don’t celebrate too soon — it could be the perfect trap for sellers to reload. So, what’s your take?
OANDA:XAUUSDShort
by Kevinn_Nguyen
1
XAU/USD Analysis Today (June 28, To 04 July 2025)XAU/USD Analysis Today (June 28, 2025) As of June 28, 2025, the Gold Spot/US Dollar (XAU/USD) pair is trading around $3,295–$3,330, reflecting a corrective phase after recent volatility. Below is a detailed analysis of the current market dynamics, incorporating technical and fundamental factors, as well as sentiment from recent sources. # Price and Market Overview Current Price: Approximately $3,295–$3,330, with a slight downward bias following a recent peak near $3,450. The pair has been consolidating after a sharp decline triggered by easing geopolitical tensions. Recent Performance: Gold fell by ~0.12%–0.42% in recent sessions, settling below the key $3,300 support level intraday, with volatility driven by U.S. economic data and Middle East developments. Market Sentiment: The 14-day RSI is around 49.83–51.66, indicating neutral conditions, neither overbought nor oversold. Volatility over the past 30 days has been moderate at ~1.46%. Technical Analysis Support and Resistance Levels: Support: Key support lies at $3,280–$3,240 (recent low and pivot point), with stronger support at $3,250 and $3,200 if selling pressure persists. A break below $3,280 could target $3,040–$3,100. Resistance: Immediate resistance is at $3,300–$3,350, with a stronger barrier at $3,375–$3,400. A sustained break above $3,440 could signal a bullish reversal toward $3,488–$3,500. Indicators: Moving Averages: The 20-day EMA ($3,349.73) and 10-day EMA ($3,356.43) suggest a short-term sell signal, while the 50-day SMA ($3,323.61) and 100-day SMA ($3,162.10) indicate a buy signal, reflecting mixed trends. The 200-day SMA (~$2,919.95) supports a long-term bullish trend. Chart Patterns: A bear flag pattern was noted on the 1-hour chart, signalling a continuation of the downtrend if $3,280 support fails. However, a potential reversal pattern is forming on the 15-minute chart near $3,313, suggesting a possible short-term bounce. Chart for your reference - Disclaimer -- This analysis is based on recent technical data and market sentiment from web sources. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading. #Boost and comment will be highly appreciated
OANDA:XAUUSDShort
by renderwithme
XAUUSD – Bearish Pressure Intensifies, New Lows in SightGold remains firmly within a well-defined descending channel, consistently forming lower highs and lower lows. After a breakout of the minor channel, price appears to be pulling back toward the 3,300 zone before potentially resuming its downtrend. The temporary ceasefire between Iran and Israel and the US–China rare earth trade deal have dampened safe-haven demand, with capital rotating back into equities. At the same time, stable core PCE data supports the USD, adding further pressure on gold. If price fails to hold above the 3,260 area, the next target lies near 3,218.
OANDA:XAUUSDShort
by Rocky_trade_
XAUUSD Bullish Reversal from Channel Support | Gold Buy SetupAnalysis Overview: Gold has been trading inside a clearly defined descending channel (marked by the orange trendlines). After a strong bearish move, price has reached the lower boundary of this channel, which is acting as dynamic support. Key Technical Details: Descending Channel Support: XAUUSD has tested the lower trendline multiple times and is currently showing rejection wicks, suggesting potential exhaustion of selling pressure. Demand Zone: The shaded horizontal area represents a prior consolidation and minor support level that aligns with the channel bottom, adding strong confluence. Entry: Planned buy entry at the current level near channel support, anticipating a bounce. Stop Loss: Placed below the recent swing low and outside the channel, to allow room for volatility while protecting against continuation of the downtrend. Target: The mid-to-upper boundary of the descending channel, aiming for a favorable risk-reward ratio. Market Context: The higher timeframe trend remains bearish overall, so this is a short-term reversal (counter-trend) setup within the channel structure. Trade Plan Rationale: Expecting a corrective move upward within the descending channel as price retests previous supply zones and dynamic resistance. This setup is based on: Confluence of channel support and demand zone Multiple rejection wicks showing buyers stepping in Potential mean reversion towards the channel midpoint Disclaimer: This is my personal analysis on XAUUSD and not financial advice. Always do your own research and manage risk carefully.
OANDA:XAUUSDLong
by Scalper_San
Gold at Crucial 325x Support – What's Next for the Yellow Metal?XAUUSD D1 Forecast: Gold at Crucial 325x Support – What's Next for the Yellow Metal? Namaste, fellow traders! Today, let's zoom out and look at the bigger picture for Gold (XAUUSD) on the Daily (D1) timeframe. Our analysis indicates that Gold has hit a very strong, hard support level around the 325x region. This is a pivotal point that could dictate Gold's medium to long-term direction! 🌍 Macroeconomic Context: The Forces at Play for Gold While we've seen some USD weakness due to speculations surrounding the Fed (like the rumors about replacing Powell) and expectations of rate cuts, these factors haven't completely prevented Gold's recent decline on the daily chart. Also, the sustained ceasefire between Israel and Iran is reducing Gold's safe-haven appeal. However, the current price action at the robust 325x support level is a significant technical signal. The influence of upcoming US macroeconomic data (especially the PCE Index on Friday) and speeches from FOMC members will be crucial in confirming or negating Gold's next moves. If positive news for Gold aligns with this support holding, it could act as a strong catalyst. 📊 XAUUSD Technical Analysis (D1): Predicting Gold's Next Move Based on the fact that Gold has encountered strong support at 325x, we can anticipate the following scenarios: Bounce from 325x (Potential Upside Phase): If the 325x area (which reinforces the 3264.400 support from image_e9d325.png) holds firm, we expect a strong reaction and an upward move for Gold. The initial target for this bounce would be the 332x region, which aligns with resistance levels 3313.737 - 3330.483 from our previous analysis. On a broader timeframe (as shown in image_83845c.png), this corresponds to the resistance zone around 3326.022. This 332x area could represent a continuation pattern, meaning it might be a corrective rise before the resumption of the larger trend. Resumption of Downtrend (After Reaching 332x): Once Gold reaches and tests the 332x zone (3313.737 - 3330.483 / 3326.022) and shows bearish confirmation signals (e.g., a strong bearish engulfing candle, a pin bar, or a clear top formation), we anticipate a resumption of the downward movement. The next major target for this fall would be the 317x area, which correlates well with the strong support at 3173.052 on the larger timeframe (as depicted in image_83845c.png). 🎯 XAUUSD D1 Trading Plan: Your Long-Term Strategy Ahead! Considering the current D1 analysis, here's our actionable plan: 1. BUY PHASE (Bounce from Support): Entry: Observe price reaction in the 325x - 326x zone (especially 3264.400). Only buy if there are clear bullish confirmations (e.g., a confirmed bullish pattern on the daily or 4-hour candle, a strong bounce from the zone with volume). SL: Just below the 325x support zone (e.g., 3245-3240, depending on confirmation). TP: 3280 - 3290 - 3300 - 3313.737 - 3326.022 (key 332x zone). This will be our primary target for the bounce. 2. SELL PHASE (Downtrend Resumption): Entry: After the price reaches the 332x zone (3313.737 - 3330.483 / 3326.022) and shows bearish confirmation signals (e.g., strong bearish engulfing, pin bar, or top formation). SL: Slightly above the 332x zone (e.g., 3335-3340). TP: 3300 - 3290 - 3280 - 3270 - 3260 - 3250 - 3200 - 3173.052 (final 317x target).
OANDA:XAUUSD
by MMFlowTrading
XAUUSD – Bull Trap Revealed, Drop Toward 3,304 Incoming?Gold is retesting the descending trendline around 3,366, but rejection signals are starting to emerge. The recent bounce only tapped into a Fair Value Gap – a hidden liquidity zone – and is now losing momentum. The structure remains bearish with lower highs, and the downtrend channel continues to dominate price action. If 3,366 gets rejected again, a sharp move toward 3,304 could be triggered – or even lower. Fresh news supports the bearish case: U.S. jobless claims beat expectations → USD strengthens Iran–Israel ceasefire → Gold loses safe-haven appeal
OANDA:XAUUSDShort
by Rocky_trade_
9
Gold Pullback in Play – Will $3,300 Be Hit Today?Hello traders! What’s your take on gold today? OANDA:XAUUSD remains tilted to the downside, currently trading around $3,318, down over 100 pips on the day. The bearish bias is still favored — and the reason is pretty clear. For short-term traders using pattern-based setups, gold has broken out of a flag pattern and successfully retested the breakout zone, confirming a potential reversal. If this momentum holds, the next target could be $3,300 by the end of the day. Do you agree with this scenario?
OANDA:XAUUSDShort
by Kevinn_Nguyen
1
XAUUSD: Gold's Golden Glow Fades Below $3350 XAUUSD: Gold's Golden Glow Fades Below $3350 – Navigating Key Levels Amidst USD Weakness! Let's dive into the fascinating world of Gold (XAUUSD) today. The yellow metal is showing subtle positive movement, primarily influenced by a weaker US Dollar, but a convincing bullish breakout above the $3350 mark remains elusive. 🌍 Macroeconomic Snapshot: USD's Woes & Gold's Mild Support Gold has seen a slight positive bias for the second consecutive day, yet it's struggling to find significant follow-through, staying below the $3350 level in early European trading. USD Under Pressure: Reports indicating that US President Donald Trump is considering replacing Fed Governor Jerome Powell have sparked concerns regarding the future independence of the US central bank. Cautious Outlook: This mixed bag of news calls for caution before confirming a definitive bottom for Gold or positioning for a substantial recovery from levels below $3300 (or Tuesday's two-week low). Traders are currently focused on upcoming US macroeconomic data and speeches from FOMC members, which could influence XAU/USD ahead of Friday's crucial US Personal Consumption Expenditures (PCE) Price Index release. 📊 XAUUSD Technical Analysis & Intraday Trading Plan: Current Trend: Gold has recently experienced a sharp decline and is now in a consolidation phase, trading around the $329X mark. Price is currently below shorter-term moving averages, indicating lingering bearish pressure or an accumulation phase. Key Levels Identified: Strong Support Zones (Potential BUY Areas): Levels around 3294.414, 3276.122, and particularly 3264.400 are crucial demand areas. Key Resistance Zones (Potential SELL Areas): Levels at 3313.737, 3321.466, 3330.483, and 3341.947 are identified as significant supply zones. 🎯 XAUUSD Trading Plan (Based on your specified levels): BUY ZONE (Strong Support - Long-Term Bias): Entry: 3266 - 3264 SL: 3270 TP: 3280 - 3284 - 3290 - 3295 - 3300 - 3305 - 3310 - 3320 BUY SCALP (Quick Buy at Intermediate Support): Entry: 3284 - 3282 SL: 3278 TP: 3288 - 3292 - 3296 - 3300 - 3305 - 3310 - 3320 - 3330 SELL ZONE (Key Resistance): Entry: 3331 - 3333 SL: 3337 TP: 3326 - 3320 - 3316 - 3310 - 3305 - 3300 SELL SCALP (Quick Sell at Near Resistance): Entry: 3313 - 3315 SL: 3320 TP: 3310 - 3305 - 3300 - 3295 - 3290 - 3280 ⚠️ Key Factors to Monitor Closely: US Macro Data: The upcoming US Personal Consumption Expenditures (PCE) Price Index on Friday is critical. FOMC Member Speeches: Any comments on monetary policy or inflation outlook will directly impact USD and Gold. Geopolitical Stability: Developments regarding the Israel-Iran ceasefire can influence safe-haven demand.
OANDA:XAUUSDLong
by MMFlowTrading
Elliott Wave Analysis – XAUUSD Plan for June 26, 2025 🌀 Wave Structure On the H1 chart, our previous plan anticipated price movement within green wave 3. However, the current price action lacks the sharp, impulsive characteristics typically seen in wave 3. Instead, the overlapping structure of minor waves suggests that we may not be in wave 3. This leads us to consider two primary scenarios: 🔹 Scenario 1 – abc Correction (black): Price may be forming wave c (black). However, due to the overlapping nature of recent price moves, it is likely that wave c is developing as an ending diagonal (wedge). ➡️ Confirmation signal: A sharp, steep decline that breaks below the 3297 level would signal that wave c has completed. 🎯 Target zone for wave c: 3352 – 3356 🔹 Scenario 2 – Leading Diagonal in Wave 1: The overlapping price structure could also be forming a leading diagonal (3-3-3-3-3) as wave 1. In this case, price is currently in wave 3 or 4 of this formation. ➡️ Once wave 1 completes, we expect a retracement to the 0.618 Fibonacci level of the entire wave 1 – forming wave 2. 🎯 Target zone for the end of wave 1: 3352 – 3356 📉 Momentum Analysis Momentum plays a crucial role in determining which wave structure is unfolding. D1 Timeframe: Momentum is turning upward from the oversold zone – indicating that the downtrend may be ending. This supports the scenario of a leading diagonal wave 1 and suggests we may see a sustained bullish move over the next 5 days. H4 Timeframe: Momentum is preparing to reverse downward from the overbought zone. This is a key signal to monitor today, especially during tonight’s news events. If price continues to move sideways within a wedge, it would support the leading diagonal scenario. If price breaks down sharply, it would favor the abc correction scenario. 🧭 Trade Plan 🔻 Sell Zone: 3352 – 3355 ⛔ Stop Loss: 3362 🎯 Take Profit 1: 3333 🎯 Take Profit 2: 3323
OANDA:XAUUSDShort
by WavePoint_FX
Gold's Price Action Amidst Fed's Inflationary Warnings XAUUSD: Gold's Price Action Amidst Fed's Inflationary Warnings – Key Levels to Watch! Hello TradingView Community! Gold (XAUUSD) continues to be a focal point amidst the Federal Reserve's (Fed) cautious stance on inflation and interest rates. Recent statements from Fed Chair Jerome Powell highlight concerns that large-scale tariffs could trigger persistent inflation, moving beyond conventional economic models. Despite recent inflation cooling, Powell emphasized the need for more data from June and July before considering any rate cuts, warning of the risk that "price shocks turn into persistent inflation". This creates a nuanced market sentiment, torn between hopes for rate cuts and the emerging inflation risk from tariffs. In this environment, Gold remains a crucial psychological anchor, especially if the Fed delays its reaction to new inflationary pressures. 📊 XAUUSD Technical Outlook (H4/M30 Chart Analysis): Based on our recent chart analysis (e.g., image_008403.png): Gold is currently in a corrective or consolidating phase after a notable pullback. Price action indicates that key support and resistance levels are being tested. Resistance Levels (Potential Sell Zones): We see significant resistance around 3352.383 - 3353.860 and higher up at 3371.205, with a major resistance area near the top at 3391.750 - 3395.000. Support Levels (Potential Buy Zones): Key support is identified around 3317.738 - 3311.214, with a stronger demand zone at 3302.939 - 3302.857. A critical lower support lies at 3286.257. 🎯 XAUUSD Intraday Trading Plan: Here are the key zones and targets for today, based on current market dynamics: BUY SCALP: Entry: 3316 - 3314 SL: 3310 TP: 3320 - 3324 - 3328 - 3332 - 3336 - 3340 BUY ZONE: Entry: 3304 - 3302 SL: 3298 TP: 3308 - 3312 - 3316 - 3320 - 3330 - 3340 - 3350 SELL SCALP: Entry: 3353 - 3355 SL: 3360 TP: 3350 - 3345 - 3340 - 3335 - 3330 SELL ZONE: Entry: 3390 - 3392 SL: 3396 TP: 3386 - 3382 - 3378 - 3374 - 3370 - 3360 ⚠️ Key Factors to Monitor: Fed Speeches: Any further comments from Fed officials on inflation or policy outlook. US Economic Data: Upcoming inflation (CPI, PCE) and employment reports (NFP) will heavily influence Fed policy expectations. Geopolitical Developments: Ongoing global tensions can always boost Gold's safe-haven appeal.
OANDA:XAUUSDLong
by MMFlowTrading
Gold Technical Update: Is Tuesday's Low the Bottom ?It looks like we printed our low on Tuesday (June 24th), and now gold is showing some signs of reversal with the current bounce. The key question is whether this momentum can sustain itself through some critical resistance zones. Key Resistance Levels to Watch: 3350-55 - This is our first major test. this level is the confluence with the 0.38 Fibonacci retracement level. If we see a clean break here with volume, it sets up the next target. 3380-85 - This is the big one for today and this week. this level also aligns with the weekly pivot. If the bulls can claim this territory and hold it into the close, we're likely looking at a continuation higher toward upper levels around 3400+. Support Levels: The PDL is now acting as our immediate support level. Below that, we've still got that psychological 3300 level as major support ,the same area that provided the floor earlier this week.
FOREXCOM:XAUUSDLong
by TheGoldenCircle
Elliott Wave Analysis – XAUUSD Plan for June 25, 2025🌀 Elliott Wave Structure Looking at the H1 chart, we can see a 5-wave black triangle structure has formed within wave Y. This suggests two possible scenarios: Scenario 1: Wave Y has completed → the current upward move is wave 1 of a new 5-wave green structure. The ongoing pullback would then be wave 2 of this sequence. Scenario 2: Wave A of wave Y has completed as a 5-wave move → we are now in wave B of wave Y, which typically forms a 3-wave pattern. In this case, wave a (black) has formed and wave b (black) is currently developing. ✅ In both scenarios, the ongoing decline is a shared element — representing a buying opportunity. 🎯 Key Target Zones Target 1: 3313 – 3310 Target 2: 3301 ⚠️ If price breaks below 3297, the current wave count is invalidated, and we must prepare for a deeper correction. Updates will follow if that happens. 🔁 Momentum Outlook D1 Timeframe: Momentum is about to reverse upward. We expect at least 5–6 days of bullish movement for D1 momentum to reach overbought territory ⇒ This supports a potential short-term uptrend and favors both bullish wave counts. H4 Timeframe: Momentum is about to reverse downward from the overbought zone → A further decline to our buy zones is likely. H1 Timeframe: Momentum is currently declining → The ongoing pullback is expected to continue. 📌 What to wait for: A bullish reversal in H1 momentum aligned with H4 in the oversold region will confirm the bottom is in. ✅ Trade Plan 🔹 BUY ZONE 1: 3313 – 3310 • SL: 3306 • TP1: 3335 | TP2: 3350 | TP3: 3376 🔹 BUY ZONE 2: 3303 – 3301 • SL: 3296 • TP1: 3335 | TP2: 3363 | TP3: 3376
OANDA:XAUUSDLong
by WavePoint_FX
1
Ready for a Fresh Rally Ahead of July FOMC Buzz?XAUUSD: Powell's "Soft Tone" Ignites Gold – Ready for a Fresh Rally Ahead of July FOMC Buzz? 🌍 Macro Landscape: Gold Reacts to Fed's Cues – Easing Rate Pressures? The gold market (XAUUSD) is witnessing a resurgence of positive momentum, driven by recent "dovish-leaning" signals from Federal Reserve Chair Jerome Powell during his congressional testimony. Powell's acknowledgment of lower-than-expected inflation from tariffs, coupled with hints of a potential earlier interest rate cut (possibly as early as July), is creating a fresh wave of market anticipation. While Powell cautiously noted "no need to rush," market participants are interpreting his remarks as an indication that current monetary policy might be "somewhat restrictive." Should inflation continue its sustainable deceleration, the Fed would be poised to ease policy sooner. This directly impacts gold: as rate cut expectations rise, the opportunity cost of holding gold (a non-yielding asset) diminishes, making it significantly more appealing to investors. 🏦 Central Bank Policy: Fed's Evolving Stance & Market Re-calibration Federal Reserve (Fed): Chair Powell's nuanced message suggests a more adaptable Fed, ready to align its policy with actual inflation data. His emphasis on the Fed's independence from political influence further solidifies confidence in data-driven decisions. Market Re-calibration: While the broader market still leans towards a September rate cut, the probability of a July cut is subtly increasing, according to the CME FedWatch Tool (with 70.1% anticipating a cut to 4.00 - 4.25% by September). This re-pricing of policy risk is a crucial supportive factor, helping gold maintain stability around the $3,300–$3,320/oz mark, indicating smart money accumulation. This evolving Fed perspective, even a slight shift, is powerful enough to influence capital flows and investor sentiment globally, setting the stage for significant gold movements. 🌐 Capital Flows: Gold & USD – The Shifting Safe-Haven Dynamics Global capital flows are highly sensitive to interest rate expectations and perceived risks. Historically, both gold and the U.S. dollar serve as primary safe havens during periods of uncertainty. If Powell's "dovish tilt" gains further traction and leads to earlier rate cuts, we could anticipate a notable rotation in capital: Outflows from USD: Lower U.S. yields would diminish the attractiveness of the USD as a yielding asset. Inflows into Gold: The reduced opportunity cost of holding gold, combined with its intrinsic store-of-value appeal, could trigger substantial capital flows into the precious metal, especially amidst persistent global geopolitical tensions. The market's re-evaluation of Fed policy risk is already contributing to gold's resilience, suggesting that strategic positioning for an upside move might be underway. 📊 Technical Structure (H4/M30 Chart Analysis): Gold Breaking Bearish Bias, Targeting Higher Levels Based on the provided XAUUSD chart (H4/M30 timeframe): Channel Breakout: Gold has visibly broken out of a prior descending channel, signaling a clear weakening of selling pressure and a potential trend reversal. The price is currently consolidating and appears to be forming a new accumulation pattern or a smaller ascending channel. Key Price Levels: Potential Sell Zone (Resistance): Around 3,352.383 - 3,371.205. This zone aligns with significant Fibonacci retracement levels (0.5 and 0.618 from the last major swing down) and represents a strong historical resistance cluster. If the price attempts to breach this zone and fails, selling pressure could emerge. Higher Resistance: 3,391.750 - 3,395.000. This is a formidable resistance area. A decisive break above this level would confirm a more robust long-term bullish trend. Current Buy Zone (Support): Around 3,302.939 - 3,311.214. This is a critical demand zone, where strong buying interest is likely to surface, coinciding with recent swing lows. Next Key Support: 3,286.257. Should the 3,302.939 - 3,311.214 zone be breached, this level would be the next significant support to watch. Moving Averages (EMA 13-34-89-200): The price is currently trading above the shorter-term EMAs (13 & 34), indicating positive short-term momentum. The longer-term EMAs (89 & 200) are likely transitioning from resistance to dynamic support, or showing signs of convergence, suggesting a potential shift in market structure. A 'Golden Cross' formation among these EMAs would be a powerful bullish signal. Projected Price Action: The chart depicts a scenario where the price might retrace slightly towards the 3,317.738 support or even deeper to 3,302.939 before embarking on a strong upward rally, targeting resistance zones like 3,352.383 and further to 3,371.205. 🎯 Trade Strategy Recommendations (Based on Provided Zones): BUY ZONE: 3286 - 3284 SL: 3280 TP: 3290 - 3294 - 3298 - 3302 - 3306 - 3310 - 3315 - 3320 BUY SCALP: 3302 - 3300 SL: 3295 TP: 3306 - 3310 - 3314 - 3318 - 3322 - 3326 - 3330 SELL ZONE: 3353 - 3355 SL: 3360 TP: 3350 - 3346 - 3340 - 3335 - 3330 - 3320 SELL ZONE: 3372 - 3374 SL: 3378 TP: 3370 - 3366 - 3362 - 3358 - 3354 - 3350 ⚠️ Key Events to Watch: Further Speeches by Fed Officials: Any new comments on inflation, economic data, or the rate path will heavily influence market dynamics. Global Geopolitical Developments: Ongoing tensions or new uncertainties can always bolster gold's safe-haven appeal.
OANDA:XAUUSDLong
by MMFlowTrading
XAUUSD – Technical Pullback, Bearish Trend Remains DominantGold posted a mild recovery of around 650 pips on June 25, closing near 3,329.57 USD, marking a short-term rebound after a sharp decline. However, both technical structure and macroeconomic outlook suggest that the bearish trend remains in control. On the H4 timeframe, XAUUSD has broken below a multi-week ascending channel and is now trading beneath the previous support trendline, which has turned into resistance. The price gap around 3,360–3,376 USD remains partially unfilled, making it a potential magnet for a short-term technical pullback. The current price structure is forming a “lower high – lower low” pattern, confirming sustained bearish momentum. If price fails to reclaim the FVG zone near 3,376.5 USD, a decline toward the support area at 3,308—and possibly down to 3,270—remains likely. Upcoming U.S. Core PCE and Q1 GDP data will be key in determining gold’s next directional move.
OANDA:XAUUSDShort
by Rocky_trade_
Elliott Wave Analysis – XAUUSD June 24, 2025 🌀 Wave Structure Looking at the H1 chart during the Asian session today: + Price broke below the previous low at 3341, invalidating the idea that Friday’s rally marked the beginning of a new uptrend. + Instead, the rally appears to be forming a wave X in a larger WXY corrective structure. + Given the current complex corrective pattern, it’s challenging to precisely define the exact wave shape and targets. 🔻 Wave Y Structure: + The price action suggests the formation of a 5-wave decline, with the market currently in wave 4. + Wave 4 target zone: 3357 – 3363 → Sell zone. + After completing wave 4, we expect a continuation of the downtrend via wave 5, with a target around 3327 – 3324 → Buy zone. + Once wave 5 completes, we anticipate at least a corrective upward retracement, with targets at 3363 – 3376 (these are the TP levels for the buy trade). ⚡️ Momentum Analysis + D1 timeframe: Momentum is turning bullish, suggesting a potential rally lasting around 5–8 D1 candles after wave 5 finishes. + H4 timeframe: Momentum is declining and may enter oversold territory within 1–2 candles, supporting the completion of wave 5. + H1 timeframe: Momentum is rising and approaching overbought levels, indicating a likely end of wave 4 within 1–2 H1 candles. 📌 Trade Plan 🔹 SELL ZONE: 3363 – 3365 + SL: 3373 + TP1: 3342 + TP2: 3330 🔹 BUY ZONE: 3327 – 3324 + SL: 3317 + TP1: 3342 + TP2: 3363 + TP3: 3376 + Important Note:❗️ - If price reaches these zones with a Mazuboru candle (long-bodied candle with no wick) and fast volatility, do not enter immediately. - Wait for the candle to close. If the zone breaks, keep an eye on the next support area around 3313 for potential reactions.
OANDA:XAUUSDLong
by WavePoint_FX
GOLD – ONCE AGAIN AT A CROSSROADSThe gold scenario is becoming clearer: price is holding firmly at the key support zone around 3,300.900 and is gearing up to react to a series of “bombshell” U.S. data releases – including GDP and the Fed’s preferred inflation gauge, Core PCE. These two indicators are critical in shaping future Fed policy. From a technical standpoint, buyers have halted the decline at a previous Fair Value Gap (FVG) – a zone that previously supported a bullish breakout. The recent rebound from this area opens up a potential move towards 3,368.700, where a new FVG exists and coincides with a long-term descending trendline. This is not only a technical target, but also a testing ground to assess whether the market has enough momentum to reverse the broader downtrend. However, one must also acknowledge the risk: if upcoming U.S. data reinforces the Fed’s hawkish stance, gold is likely to face rejection at the trendline – and could once again slip below the 3,300 zone.
OANDA:XAUUSDLong
by Rocky_trade_
Macro Pressure or Opportunity to Accumulate?XAUUSD 24–28 June: Gold Slides to Buy Zone – Macro Pressure or Opportunity to Accumulate? 🔍 Macro Outlook – A Volatile Week for Gold Traders Gold is navigating through a complex macroeconomic landscape this week, with multiple factors weighing in: ✅ Middle East Tensions Resurface Israel has declared plans to retaliate against Iran following a ceasefire violation, increasing geopolitical risk. This situation historically supports safe-haven demand for gold when it escalates. ✅ US Economic Data May Soften Fed’s Tone The U.S. economy is showing early signs of cooling: Housing market data fell short of expectations. PMI data indicates manufacturing and services are slowing. If the Core PCE Index (set to release this week) confirms soft inflation, expectations for a Fed rate cut in September may solidify, putting pressure on the USD and boosting gold. ✅ China & India Are Stocking Up on Gold India’s jewelry and central bank demand is on the rise ahead of budget season. Meanwhile, China continues to increase its gold reserves for the 19th consecutive month, offering underlying support to the price. 📉 Technical Analysis – Is the Correction Bottoming Out? XAUUSD remains in a downward-sloping channel on the H1/H4 chart, but prices are approaching key support zones with strong historical demand. EMA 34 – 89 – 200 still show downward momentum. However, RSI divergence is forming on the lower timeframes, signaling potential bullish pressure. A clear FVG (Fair Value Gap) around the $3367–$3369 zone presents a strong liquidity zone for reversal. ✅ Trading Plan for XAUUSD 🔵 BUY ZONE: $3278 – $3276 Stop Loss: $3270 Take Profits: TP1: $3282 TP2: $3286 TP3: $3290 TP4: $3294 TP5: $3298 TP6: $3302 TP7: $3305 TP8: $3310 📌 Reason to Buy: Price is approaching the bottom of the descending channel with visible demand zone, enhanced by RSI divergence and macro geopolitical pressure favoring safe-haven flows. 🔴 SELL ZONE: $3367 – $3369 Stop Loss: $3375 Take Profits: TP1: $3364 TP2: $3360 TP3: $3356 TP4: $3352 TP5: $3348 TP6: $3344 TP7: $3340 TP8: $3330 TP9: $3320 📌 Reason to Sell: This is a key FVG resistance area where sellers have previously stepped in aggressively. If price retests without momentum, it's likely to reject back toward support. 📎 Summary for Indian Traders This week’s gold strategy is a balance between short-term technical plays and long-term macro shifts. Keep your eyes on PCE data, USD movement, and any flare-up in Middle East tensions. Each of these could serve as catalysts for either a bounce or continuation.
OANDA:XAUUSDShort
by MMFlowTrading
Gold Slips Sharply Ahead of Key US DataGold (XAUUSD) kicked off the week with a steep decline, currently hovering around $3,345 — down over 200 pips from the session’s open. This move unfolds just ahead of a series of major US economic releases, including PMI figures, Q1 GDP, and most importantly, the Core PCE Index — the Fed’s preferred inflation gauge. Markets are anticipating that Core PCE will remain elevated, reinforcing the case for prolonged high interest rates, which in turn adds pressure on safe-haven assets like gold. From a technical perspective, the short-term chart has just formed a price GAP. If buyers capitalize on this setup, there’s a potential opportunity to target a gap fill. However, bearish pressure remains strong. If any recovery fails to break above the $3,389 resistance zone, traders should consider sticking with the prevailing downtrend. Wishing you a successful trading day ahead!
OANDA:XAUUSDShort
by Kevinn_Nguyen