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Xauusdanalysis

XAU/USD Bullish Bounce from Demand Zone !Gold (XAU/USD) on the 4H chart is showing a potential bullish reversal setup. Price has pulled back into a Fair Value Gap (FVG) and high supply/demand zone near 3,329–3,315, aligning with the 0.382–0.5 Fibonacci retracement. Key Points: Support Zone: 3,329–3,315 (demand + FVG). Bullish Rejection Expected: Price may bounce from this zone, targeting upper resistance levels. Upside Targets: TP1: 3,356 TP2: 3,375 TP3: 3,440–3,459 (major resistance) Invalidation: A daily close below 3,315 could open room for deeper downside toward 3,278–3,245. Indicators: EMA(9) and Ichimoku showing potential for trend resumption if price closes above 3,362. Overall, the chart suggests a buy setup on bullish confirmation, aiming for the 3,375–3,459 zone.
OANDA:XAUUSDLong
by KingProTrader
Awaiting the BreakDown or a Snap Back to Resistance?XAUUSD – Game of Patience: Awaiting the BreakDown or a Snap Back to Resistance? | MMFlow Trading 1. Market Context The week opened with a sharp sell-off in Gold — driven by profit-taking and stop-loss hunting on late-week FOMO BUY positions. Buying momentum is fading, while sellers are lurking at the ascending channel’s support. Price is currently reacting at KeyLevel 336x–337x, with H1 candles showing lower wicks → signs of indecision. 2. Technical Outlook Overall structure: Still within an H1-H4 uptrend channel, but BUY momentum is weakening. No clear SELL confirmation yet → need a BreakDown from the channel to confirm seller dominance. Scenario 1: Break the channel → target 335x & 333x zones. Scenario 2: No break → price may rebound to retest 339x – 340x – 342x resistance levels. 3. Fundamental & Macro View This week brings major USD economic data: CPI & PPI. Forecasts lean positive for USD, which could increase downward pressure on Gold. However, expect false breakouts before/after news releases — risk management is key. 4. MMFlow Trading Plan BUY SCALP Entry: 3353 – 3351 SL: 3345 TP: 3358 – 3362 – 3366 – 3370 – 3375 – 3380 BUY ZONE Entry: 3332 – 3330 SL: 3325 TP: 3336 – 3340 – 3345 – 3350 – 3360 – 3370 – 3380 SELL SCALP Entry: 3394 – 3396 SL: 3400 TP: 3390 – 3385 – 3380 – 3370 – 3360 SELL ZONE Entry: 3425 – 3427 SL: 3430 TP: 3420 – 3415 – 3410 – 3405 – 3400 – 3390 – 3380 5. Risk Management Avoid FOMO — wait for clear candle confirmations before entering. Reduce position size ahead of CPI/PPI events. Focus on pre-defined key levels, avoid trading in noise zones.
OANDA:XAUUSDShort
by MMFlowTrading
2
XAUUSD Weekly Plan Final Bullish Push Before a Liquidity Sweep?XAUUSD Weekly Plan – Final Bullish Push Before a Liquidity Sweep? 1. Market Context Last week, Gold kept moving inside the H2–H4 bullish channel, pushing into the FVG High Zone and approaching the major resistance at 3426–3428 (OBS Sell Zone). Momentum is fading – candles are compressing, and volume is dropping – signaling potential distribution. 2. Macro Outlook (High-Impact USD Data Ahead) CPI – Aug 12 → Primary driver. PPI – Aug 14 → Usually a leading signal for CPI. Unemployment Claims – Aug 14 → Short-term impact. Expectations: CPI & PPI likely better than previous month → USD strength → Gold correction (liquidity sweep to the downside). Weaker-than-expected CPI/PPI → USD weakness → Gold could spike for one last bullish leg before reversing. 3. Technical Overview H2 bullish channel top aligns with FVG High Zone → big players’ sell limit & profit-taking area. Main scenario: Test 3426–3428 → Bearish reaction → Channel breakdown → Retest 3395–3400 (VPOC) → Drop toward liquidity pools below. 4. Key Levels SELL Zone: 3426 – 3428 SL: 3434 TP: 3420 → 3415 → 3410 → 3405 → 3400 → 3395 → 3390 → 3380 → 3370 → 3360 BUY Zone: 3330 – 3328 SL: 3322 TP: 3335 → 3340 → 3350 → 3360 → 3370 → 3380 5. Trading Plan 🔹 Primary SELL Setup: Wait for price to reach 3426–3428 with H1/H2 bearish candle confirmation. Take profits gradually at each downside target. 🔹 Counter-trend BUY: Enter only if price sweeps liquidity into 3330–3328 with strong bullish reaction. 6. Trader’s Notes Gold may still push $30–$40 higher early next week before hitting OBS Sell Zone. Expect large SELL volume once in this zone (profit-taking + top-picking by big players). This should be a short-term correction, not a full trend reversal. Best to SELL from highs and hold after a confirmed channel breakdown. 7. Risk Note High-impact week → Possible false breaks before/after CPI & PPI. Avoid oversized positions during news releases. A break & hold above 3434 with strong volume invalidates SELL scenario → wait for new structure. 📌 Summary: Bias: SELL from 3426–3428 → Target liquidity pools down to 3360. Backup Plan: BUY from 3330–3328 if liquidity grab confirmed. Manage risk tightly, especially during high-volatility events. — MMFlow Trading
OANDA:XAUUSDShort
by MMFlowTrading
1
Elliott Wave Analysis – XAUUSD August 6, 2025📊 ________________________________________ 🔍 Momentum Analysis • D1 Timeframe: Daily momentum is showing signs of a potential bearish reversal. However, we need to wait for today’s candle to close to confirm the signal. While waiting for confirmation, price may still experience a minor upward move on lower timeframes, but the current bullish momentum is weak and unlikely to extend far. • H4 Timeframe: Momentum is also preparing to reverse. We need to observe the current H4 candle for confirmation. Notably, the reversal signal is forming just below the overbought zone, suggesting there may be one more upward push before a potential decline. • H1 Timeframe: Momentum is approaching the oversold zone. It may take 1–2 more bearish candles before a short-term bullish rebound occurs. ________________________________________ 🌀 Elliott Wave Structure Update Yesterday’s bullish move was disappointing — instead of pushing directly to the 3402 or 3419 target zones to complete Wave 5, price only broke slightly above 3385 before reversing. This behavior complicates wave analysis by introducing conflicting possibilities. We currently consider two main scenarios: Scenario 1: Wave 5 is not yet complete • Given that D1 momentum is preparing to reverse downward, it’s unlikely that the current move is Wave 1 of Wave 5. A more likely scenario is that Wave 3 of Wave 5 has completed and price is currently in Wave 4. • The current corrective structure has stopped at the 0.382 Fibonacci level. As long as price remains above 3370 (the 0.5 Fib level), this strengthens the case for a Wave 4 retracement before another leg up in Wave 5. • Since bullish strength appears limited, we now focus on two main target zones for Wave 5: 3395 and 3402, instead of the previous high at 3419. Scenario 2: Full 5-wave structure is complete – now in correction • If the 5-wave pattern has already finished, the current decline marks the beginning of a corrective phase. • With current momentum conditions, this is still a viable scenario. However, due to the remaining upside possibility, we recommend waiting for today’s D1 candle to confirm momentum before taking any trade. ________________________________________ 📌 Trade Plan For experienced traders: • Wait for price to reach the 3395–3402 zones. • Look for reversal signals in those areas to enter short positions. Suggested trade plan for newer traders: • Sell Zone: 3395 – 3398 • Stop Loss: 3408 • Take Profits: o TP1: 3385 o TP2: 3370 o TP3: 3349 ________________________________________ ✅ Note: This trade plan should be reassessed after today’s D1 candle closes for confirmation of the momentum shift.
OANDA:XAUUSDShort
by WavePoint_FX
GOLD NFP Plan – Waiting for Breakout & Riding the Bullish Wave – GOLD NFP Plan – Waiting for Breakout & Riding the Bullish Wave Gold is currently trading inside a large sideways triangle pattern, with price compressing toward the apex. However, based on recent candle structure and yesterday’s reaction at the key level, there’s strong momentum building for bullish continuation—likely forming a Wave 3 breakout if price can decisively break above the current descending trendline. 🔎 Technical Breakdown: ✅ BUY ZONE: 3276 – 3274 (confluence of CP ZONE + GAP + OBS BUY from yesterday) 📈 Price already reacted with +160 PIPS profit from this zone, confirming buyer control ⛓️ Descending trendline is compressing price – a breakout above it could unleash strong bullish momentum 🔄 SELL ZONE: 3339 – 3341 marked by OBS SELL ZONE + liquidity layer 📰 Fundamental Focus: Today is Nonfarm Payrolls (NFP) day. With current forecasts pointing toward weaker-than-expected U.S. job data, the dollar could face pressure—creating the perfect scenario for gold to spike higher on BUY-side FOMO. 📌 Trade Plan: 🎯 BUY ZONE: 3276 – 3274 ❌ Stop Loss: 3270 🎯 Take Profits: 3280 – 3284 – 3290 – 3294 – 3300 – 3305 – 3310 – 3320 – 3330 – 3340 – 3350 ⚠️ SELL ZONE (counter-trend): 3339 – 3341 ❌ Stop Loss: 3345 🎯 Take Profits: 3335 – 3330 – 3325 – 3320 – 3315 – 3310 – 3305 – 3300 📌 Key Notes: Favor BUY setups in line with the trend—focus on reaction zones outlined on the chart. If NFP data is bearish for the dollar, wait for strong confluences before entering any SELL, and avoid shorting prematurely against bullish momentum.
OANDA:XAUUSDLong
by MMFlowTrading
2
Gold Breakout Watch: Will XAUUSD Surge to $3760?Gold (XAUUSD) has spent the last few weeks coiling within a tight consolidation range, but the wait may soon be over. The daily chart shows a textbook rectangle formation, a powerful pattern that often precedes significant trend continuation. With prices currently pushing toward the upper resistance of this range, a bullish breakout could be imminent—and potentially explosive. Let’s dive deep into the technical setup, the potential breakout targets, and what levels traders should be watching right now. 📉 The Pattern: Channel Consolidation Since late May 2025, gold has been trapped in a sideways structure defined by: Resistance Zone: $3,600 – $3,620 Support Zone: $3,270 – $3,290 This structure has formed after a massive prior rally earlier in the year, making it a classic bullish continuation pattern. Each pullback into support has been met with buying, while resistance has repeatedly held—but now momentum is building. Technically, this consolidation has validated itself with multiple swing points at both the upper and lower boundaries. The pattern is clean, well-respected, and supported by repeated reactions at both support and resistance levels. If the price breaks and sustains above the $3,620 resistance area, the pattern will be considered complete, signaling continuation of the prior bullish trend. While volume analysis isn't included in the chart, typically such breakouts are supported by increased participation, which can offer added confirmation. If a breakout occurs, traders can target multiple price levels based on the height of the rectangle added to the breakout point. The first logical target would be around $3,616, followed by a swing-based target at $3,762. These levels are based on technical projection methods using the measured move technique. Importantly, price has already reached a reversal confirmation target around $3,430, which further validates bullish strength. However, no setup is complete without acknowledging the risks. If gold fails to sustain the recent rally and instead breaks below $3,280 support, the current setup would be invalidated. This would shift the outlook to bearish and could push prices toward $3,200, $3,120, and possibly even lower toward the psychological support at $3,000. From a trading perspective, the ideal bullish entry would be on a daily candle close above $3,620 or on a retest of the breakout zone with strong buying confirmation. A protective stop loss can be placed below the breakout candle or around the $3,550 area. Initial targets remain $3,616 and $3,762. In the bearish case, a breakdown below $3,280 would be a cue for shorting opportunities with stops above $3,300 and downside targets at $3,200 and $3,120. In summary, gold is at a critical point on the chart. The current structure suggests a potential breakout is coming, and traders should be ready to act based on confirmed moves beyond key levels. Whether this pattern leads to a strong bullish continuation or a failed setup, the movement is expected to be sharp and potentially rewarding. This is a high-probability setup worth watching closely in the coming days. ================================================================= Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. =================================================================
TRADENATION:XAUUSDLong
by TradZoo
Liquidity Sweep Complete – Bullish Continuation Ahead?GOLD ANALYSIS 31/07: Liquidity Sweep Complete – Bullish Continuation Ahead? 🔍 Technical View | XAUUSD | 2H Chart | End of Month Setup Gold has completed a final liquidity sweep around the 3269–3271 zone and has since rebounded strongly, in line with the prevailing bullish structure. The sharp drop yesterday during the FOMC rate statement appears to have served its purpose: grabbing final sell-side liquidity before preparing for the next bullish leg. As of now, price is reacting at the 3295 zone, which coincides with the M30 CP (Change of Character) Zone, showing minor intraday retracement. A healthy pullback is likely before a potential bullish breakout of the descending trendline that has been holding price down over recent sessions. 🔵 BUY Strategy: Trend Continuation Setup We’re watching for potential re-entries on a dip toward the OBS Buy Zone (3286–3284), created after the recent bullish move. This could be the last opportunity to catch the next impulsive leg higher. Buy Zone: 3286–3284 Stop Loss: 3278 Targets: 3290 → 3294 → 3298 → 3304 → 3308 → 3312 → 3316 → 3320 → 3330 → ??? Key breakout confirmation will come if price closes strongly above 3313 (first key resistance). If broken, this opens the door toward the VPOC zone at 3328–3330, where a high-volume cluster awaits. 🔴 SELL Strategy: Short-Term Rejection Levels Shorts only become favorable below the VPOC Sell Zone (3328–3330). If price closes above this area, bearish pressure is likely to fade, and bulls will dominate the next leg. Sell Zone: 3328–3330 Stop Loss: 3335 Targets: 3324 → 3320 → 3315 → 3310 → 3305 → 3300 ⚠️ Important: Selling inside a bullish breakout structure is high-risk unless the market gives clear rejection at major supply. Always wait for price action confirmation. 🕯️ Monthly Candle Insight (July Close) Today marks the final trading day of July. Notably, the last two monthly candles have closed as Doji with long wicks, reflecting deep indecision and ongoing liquidity grabs. This aligns with the upcoming interest rate cut discussions at the next FOMC, which could ignite significant volatility. 📌 Summary: Liquidity sweep at 3269–3271 is likely complete. Price now retracing after strong bullish rebound from OBS Buy Zone. Watch for confirmation above 3313, then 3328–3330 for breakout toward higher zones (335x–337x). End-of-month close + macro narrative (FOMC) will be crucial to confirm direction. 💡 Pro Tip: Avoid entering late into reactive moves. Wait for retests of clean liquidity zones and use volume-based confluences to validate bias. 📲 Follow us @MMFlowTrading for real-time updates, macro analysis, and market structure insights on gold & major pairs.
OANDA:XAUUSDLong
by MMFlowTrading
2
GOLD: Is This a Bottom or the Calm Before the Storm?🌐 Fundamental & Macro Landscape The recent US–EU trade and defense pact has temporarily reduced gold’s appeal as a safe haven. The US Dollar and stock markets remain strong thanks to positive macroeconomic data. Current sentiment is risk-on, which typically shifts capital away from metals and into riskier assets. But the real volatility could come later this week: 📅 High-Impact Events to Watch: US ADP Employment Report FOMC Statement + Nonfarm Payrolls (NFP) These will likely decide whether gold resumes its uptrend or continues sliding lower. 📊 Technical Outlook (H1–H4) Gold is currently trading within a parallel bullish channel after rebounding from local lows. However, price is now approaching a key resistance zone around 3342, where we might see either a breakout or a rejection, depending on market sentiment during the upcoming data releases. 🔍 Key Price Zones 🔺 Short-Term Resistance: 3342 🔺 Major Supply Zone: 3369–3388 (Order Block + FVG + Fib 0.5–0.618) 🔻 High-Liquidity Demand Area: 3293–3290 🔻 Deep Demand Zone (FVG): 3275–3273 🔺 Long-Term Resistance Target: 3416 📈 Trade Plan – Based on Price Reaction, Not Prediction The best trades come from waiting for the right reaction at key zones. No chasing. No guessing. ✅ Scenario 1 – Buy the Dip (Scalp Setup) Entry: 3293 – 3291 Stop Loss: 3286 Targets: 3296 → 3300 → 3304 → 3308 → 3312 → 3315 → 3320 → 3330 🟢 Works well in high-liquidity zones for quick short-term gains. ✅ Scenario 2 – Buy from Deeper Support (Swing Setup) Entry: 3275 – 3273 Stop Loss: 3269 Targets: 3280 → 3284 → 3288 → 3292 → 3300 → 3305 → 3310 → 3320 → 3330 🟢 Great setup if price absorbs selling pressure and reverses from FVG demand. ❌ Scenario 3 – Short from Short-Term Resistance Entry: 3340 – 3342 Stop Loss: 3346 Targets: 3335 → 3330 → 3325 → 3320 → 3310 🔴 Valid only if price fails to reclaim above 3342. ❌ Scenario 4 – Short from Major Supply Zone Entry: 3369 – 3372 Stop Loss: 3376 Targets: 3365 → 3360 → 3355 → 3350 → 3345 → 3340 → 3330 → 3320 🔴 Higher risk – only act after confirmation (e.g., rejection wicks or bearish candle pattern). ⚠️ Risk Management Tips Avoid entering right at London or New York opens – too much volatility and false breakouts. Always wait for confirmation (candle rejection, pin bars, engulfing, etc.). Use strict stop-loss rules – FOMC + NFP can spike price in both directions. 💡 Final Tips for Indian Traders Trade with patience – the best setups often appear when others are panicking. Respect your capital – don’t overleverage during high-volatility news events. Focus on price action – not emotions or fixed bias. 📌 If you found this gold analysis helpful, feel free to drop your thoughts in the comments or follow for daily updates on XAU/USD. Let’s grow and trade smarter, one setup at a time. Namaste 🙏 | Trade safe, trade with clarity.
OANDA:XAUUSDLong
by MMFlowTrading
3
GOLD: Is This Just the Calm Before a Bigger Move? – GOLD: Is This Just the Calm Before a Bigger Move? Gold has dropped nearly $50 in the last 4 sessions — showing strong bearish momentum, but is the downside exhausted? Or is this just a pause before continuation? 🔍 Macro Drivers: Recent US–EU defense and trade agreements have weighed on gold's safe-haven appeal. Strong US economic data has pushed USD and equities higher, redirecting flows out of precious metals. Market sentiment is leaning short-term risk-on, which is bearish for gold – but key technical levels are approaching. 📊 Technical Context – H12 Structure: Price broke below 3,342 key support, retested it and rejected — validating short-term supply zone. Price is now consolidating between Sell-side liquidity (3,301–3,292) and deeper FVG/OBS zone around 3,270. Above, multiple sell zones align at Fib 0.5–0.618 retracement with order blocks and fair value gaps. 🔧 Trade Scenarios (Plan for Reaction – Not Prediction): 🟢 BUY SCALP – Quick bounce off demand zone Entry: 3,292 – 3,290 SL: 3,285 TPs: 3,296 → 3,300 → 3,305 → 3,310 → 3,315 → 3,320 → 3,325 → 3,330 📍Low-risk intraday bounce play from liquidity pocket 🟢 BUY SWING – Deeper test of FVG/OBS zone Entry: 3,272 – 3,270 SL: 3,265 TPs: 3,276 → 3,280 → 3,284 → 3,288 → 3,292 → 3,294 → 3,300 → open 📍Higher R:R setup if price sweeps final liquidity zone 🔴 SELL SCALP – Rejection from short-term resistance Entry: 3,340 – 3,342 SL: 3,346 TPs: 3,335 → 3,330 → 3,325 → 3,320 → 3,310 📍Reaction-based trade if price fails to reclaim the zone 🔴 SELL SWING – Deeper pullback into macro zone Entry: 3,370 – 3,372 SL: 3,376 TPs: 3,365 → 3,360 → 3,355 → 3,350 → 3,345 → 3,340 → 3,330 → 3,320 📍FVG + CP zone overlap with strong OB; ideal for patient sellers ⚠️ Risk Notes: Watch for false breakouts/liquidity traps near session opens. Wait for price confirmation; reaction over prediction. Maintain disciplined risk management – this is a volatile area. 🧭 I’ll be tracking price behavior at these zones closely. If this approach to mapping price action resonates with you — Feel free to stay connected or share your bias in the comments.
OANDA:XAUUSDShort
by MMFlowTrading
XAU/USD 1H – Range Consolidation Below Ichimoku Cloud. Chart Review & Technical Insight 1. Ichimoku Cloud & Overall Structure Price is below the Ichimoku Cloud, with the cloud ahead sloping downward—indicative of bearish short‑term momentum and resistance overhead as long as the cloud holds above price. The Kijun-sen (blue) line is above the Tenkan-sen (red), reinforcing the bearish bias on this timeframe. 2. Price Action & Key Zones A support zone around 3,327–3,330 USD/oz is visible, underpinned by multiple rejection taps and price consolidation (“$$$” zone). A clean break below could open the path toward the 3,320’s or lower imbalance region. On the upside, resistance lies near 3,339–3,340, backed by the cloud’s lower boundary and the Kijun-sen level. The highlighted green rectangle appears to signal a potential bullish breakout target zone toward 3,365–3,392, contingent on recovery above the cloud. 3. Momentum & Trade Considerations Momentum is weak, with price moving sideways inside a low‑volatility rectangle on diminishing volume and few directional impulses. Possible ABC corrective structure is forming as marked, suggesting price may oscillate sideways or continue correcting within established bounds. A bullish scenario would require clearing the Ichimoku Cloud and resistance at 3,340–3,360 USD. Conversely, a bearish breakdown below ~3,327 could confirm continuation deeper into the 3,320s or toward the next significant demand zone near 3,300 USD. ✅ Summary Bias: Slightly bearish to neutral until price can clear the Ichimoku Cloud. Key Levels to Watch: Support: 3,327–3,330 (immediate), then 3,320–3,300. Resistance: 3,339–3,365, cloud top near 3,365, further target zone 3,392. Scenarios: Bullish breakout: Close above cloud → potential rally toward 3,365–3,392. Bearish breakdown: Close below 3,327 → deeper correction toward 3,320 and lower imbalance areas.
OANDA:XAUUSDLong
by KingProTrader
Gold (XAU/USD): Supply Zone Rejection & Bearish Breakdown Chart Breakdown: Supply zone rejection: Gold revisited the “supply zone” (light green/grey area) and failed to break above — a classic signal of seller dominance. Uptrend invalidated: A sharp rise (steep black trendline) ended with a peak marked by the green arrow, followed by a decisive breakdown. Ichimoku Cloud test: Prices slipped through the Ichimoku components, reinforcing the shift to bearish sentiment. Potential targets: The red/green risk‑reward box highlights a short position, targeting ~3,347 then ~3,318 levels (blue labels) as initial support zones. Strong supply base: The extensive grey zone below marks a "stronger supply zone" — this could cap any modest bounce and keep the downtrend intact. 🔍 Interpretation: Bias: Bearish — sellers have taken control after a failed breakout. Strategy: Short on rallies toward the mid‑green/red box (~3,373–3,380), targeting ~3,347 first and then ~3,319. Watch for support at the strong supply region (~3,292) for potential reversal or consolidation. Risk management: Keep stop above the red zone—above recent highs (~3,380+) to limit risk. 🚀 In a nutshell: After failing to break supply and losing its short‑term uptrend, gold appears poised for a pullback. The next key levels to watch are ~3,347 and ~3,319—where buyers might step back in, or the downtrend continues toward the deeper supply base.
OANDA:XAUUSDLong
by KingProTrader
Critical Breakdown: BTC/USD Poised to Fall — Waiting on H4 CloseAnalysis of the BTC/USD 4‑Hour Chart From the chart you provided, here's how the technical situation looks: Ascending trendline support has been tested multiple times and was recently breached this afternoon, signaling a possible shift from the bullish setup to a bearish continuation. The price is now trapped within a descending triangle formation beneath a well‑defined swing high resistance zone. This reflects indecision in the market, with neither buyers nor sellers in clear control Business Insider +15 Fxglory Ltd +15 Bitcoin News +15 . Key levels to monitor: Support zone: ~$115,500, extending down to ~$111,300 and ~$105,600 as deeper targets if bearish momentum strengthens. Resistance zone: ~$119,000–120,000 area, forming strong overhead supply Economies.com DailyForex Bitcoin News . The chart’s annotations align with a classic breakout strategy—with the caveat: wait for a confirmed close below the trendline before considering short positions (as noted in your “wait for this candle to close in red” comment). Breakout confirmation would likely pave the way toward your indicated profit zones near ~$111k and ~$105k, with a larger potential down to ~$99.8k if further downside pressure builds. 🔍 What the Broader Market Signals Technical sentiment from sources covering today’s analysis shows BTC/USD hovering just under $120,000, stuck within the defined range of $115.5k support to $120k resistance Economies.com . While there’s still neutral momentum in indicators like RSI and MACD, the short-term direction leans bearish if the breakdown is confirmed on the H4 timeframe Fxglory Ltd . Analysts emphasize that sustained movement above $116.5k could retarget resistance near $119–120k. A failure there and a move below $115.5k may thrust price deeper toward your downside zones DailyForex . ✅ Trading Strategy Overview Scenario Trigger Target Levels Bearish Breakdown H4 candle closes below trendline ~$115.5k $111.3k → $105.6k → possible $99.8k zone Bullish Rejection Bounce back above ~$116.5k and trending above resistance $119k–120k retest, potential breakout if sustained Neutral / Wait-and-see No decisive candle close yet Hold for confirmation ⛳ Final Thoughts chart highlights a critical point: don’t act prematurely. Wait for a decisive H4 candle close below the trendline before committing to shorts. Confirmed bearish action around the breakout could open the path to the lower targets you identified. However, if price rebounds above support and climbs above $116.5k, a short-term retest of $119k–120k is still in range. Traders should maintain prudent risk management—watching the unfolding price action around these pivot points without overreaching. Let me know if you'd like help crafting entry/exit zones or risk profiles for this setup!
BINANCE:BTCUSDShort
by KingProTrader
Gold Tests Key Support – Time to Buy or More Downside Ahead?🌐 Market Overview Gold remains under pressure following yesterday’s sharp sell-off, driven largely by macro-political tensions and profit-taking at recent highs. 🔻 On July 24th, former President Trump made a surprise visit to the Federal Reserve headquarters — a move interpreted by markets as subtle pressure on the Fed to start cutting rates. While the Fed hasn’t signaled any immediate easing, short-term bond yields have dipped slightly — reflecting growing rate-cut expectations. The US Dollar, however, remains firm, showing markets are still hesitant to fully price in a Fed pivot after strong economic data. 📊 Technical Outlook On the H2 timeframe, gold continues to trade within a broader bullish structure, but price action is now hovering near a critical Keylevel at 3338, aligned with a rising trendline and VPOC zone. A breakdown below this level could open the door for deeper liquidity grabs toward 332x and even 329x. Volatility is high, and price is moving in wide ranges — ideal conditions for short-term scalp setups. 🎯 Trading Strategy 🔽 Scalp Buy (Short-Term Bounce Opportunity) Entry: 3338 – 3336 Stop Loss: 3332 Targets: 3342 – 3346 – 3350 – 3354 – 3360 – 3365 – 3370 – 3380 🟢 Buy Zone (Deeper Pullback, Reversal Potential) Entry: 3312 – 3310 Stop Loss: 3305 Targets: 3316 – 3320 – 3325 – 3330 – 3340 – 3350 – 3360 – 3370 – 3380 🔻 Sell Zone (If Price Retests Resistance) Entry: 3374 – 3376 Stop Loss: 3380 Targets: 3370 – 3366 – 3360 – 3355 – 3350 – 3340 – 3330 🧭 Key Price Levels Support: 3350 – 3338 – 3325 – 3310 – 3294 Resistance: 3374 – 3390 – 3400 – 3421 ⚠️ Risk Management & Notes As we head into the weekend, the market is prone to unexpected liquidity sweeps and sharp reversals. Only consider short-term BUY positions for today. Avoid holding long-term buys until there's confirmation that the lower liquidity zones have been fully swept. Strictly follow TP/SL discipline to protect capital — especially in volatile, low-news sessions like this. 💬 Enjoying these detailed trade plans? 📈 Follow the MMF TradingView channel for daily market updates, high-probability trade setups, and pro-level insights designed for serious traders.
OANDA:XAUUSDShort
by MMFlowTrading