Get started

Xauusdupdates

GOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
OANDA:XAUUSDLong
by tradergyan01
Elliott Wave Analysis – XAUUSD July 10, 2025🌀 Elliott Wave Structure On the H4 timeframe, price has returned to test the upper boundary of the converging triangle – currently acting as dynamic resistance. Based on the current wave count, wave e (purple) may have completed at the 3279 low, and price is potentially starting a breakout move. 👉 A confirmed breakout above the triangle would validate the end of the abcde correction and mark the beginning of a new upward trend. 🔋 Momentum Analysis D1 timeframe: As forecasted yesterday, momentum is entering oversold territory and showing early signs of a reversal. This suggests that an upward trend could dominate over the next 5 days. H4 timeframe: The two momentum lines are sticking together, indicating a weakening upward drive. A minor pullback may be needed before the next leg up. Key nearby resistance levels to watch are 3330 and 3342. 🎯 Key Price Levels & Validation Zones The following support zones are crucial for identifying potential entries: Support Zone 1: 3306 – 3308 Support Zone 2: 3294 – 3297 ‼️ Important: A break below 3294 would invalidate the current wave structure, and a new count would be required. 📌 Trade Plan Scenario 1 – Buy at higher support: Buy Zone: 3308 – 3306 SL: 3303 TP1: 3342 TP2: 3366 TP3: 3390 Scenario 2 – Buy at deeper support (if stronger correction occurs): Buy Zone: 3297 – 3294 SL: 3287 TP1: 3342 TP2: 3366 TP3: 3390 Scenario 3 – Safer option (breakout confirmation): Wait for a breakout above the triangle, then enter on the retest (around 3325–3330) SL: Based on structure formed during the retest TP range: 3366 – 3390 📌 Preferred strategy: Wait for H4 to reach oversold or wait for a confirmed breakout and retest to enter safely in alignment with the new uptrend.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD July 9, 2025 🔻 Momentum Analysis D1 timeframe: Momentum is approaching the oversold zone and may reverse upwards today or tomorrow. H4 timeframe: Momentum is already in the oversold zone. The two momentum lines are converging, signaling weakening downward pressure and a potential reversal. 🌀 Elliott Wave Structure The price level around 3318 (previous buy zone) failed to hold, despite a ~100-pip bounce before continuing to decline. Currently, price is nearing the lower boundary of a contracting triangle – a typical abcde corrective pattern. Based on the current wave structure: Wave d (purple) appears to be complete. Price is now likely forming wave e, expected to end near 3279, which coincides with the triangle’s bottom support. If the pattern holds, a strong breakout above the upper triangle boundary is expected once wave e completes. However, note: the formation of a triangle during a corrective wave often signals that the uptrend is nearing its end in the longer term. 📌 Trading Plan Given the complex 3-wave structure typical of triangles, risk is elevated, so: Trade with reduced position size, or Preferably wait for a confirmed breakout above the triangle before entering. Suggested Trade Setup: ✅ Buy Zone: 3280 – 3277 ❌ Stop Loss: 3270 🎯 Take Profits: TP1: 3309 TP2: 3342 TP3: 3390
OANDA:XAUUSDLong
by WavePoint_FX
Gold Price Setup: Bullish Continuation or Rejection? 🧠 Chart Analysis (XAU/USD – 1H): Key Structure Highlights: CHoCH (Change of Character) zones marked both up and down indicate a battle between bulls and bears. Recent bullish CHoCH followed by a fair value gap (FVG) retest suggests potential continuation to the upside. Price recently bounced strongly from demand zone, shown by the green arrows and strong candle reaction. Ichimoku Cloud: Price is trying to break back above the Kumo (cloud), a sign of bullish momentum building. However, resistance is still present with the Kijun and Tenkan lines converging. FVG (Fair Value Gap): The current price is attempting to fill and break above the FVG zone. A successful breakout above this area confirms bullish intention. Fibonacci Levels: Price is hovering around the 0.5 - 0.618 retracement zone, often a strong reversal or continuation point. Upside targets lie near the 0.786 retracement (3352) and ultimate target at 3391, a major resistance level. Risk Management: Trade setup shows an excellent Risk:Reward ratio. Stop-loss placed just below the last structure low. Potential downside to 3290–3258 if breakout fails. 🟢 Possible Next Move: Bullish Scenario: If price clears the FVG and breaks above 3353, expect continuation to 3391. Bearish Rejection: If rejected at FVG/0.618 level, watch for a drop back to 3290 or even 3259.
OANDA:XAUUSD
by KingProTrader
Elliott Wave Analysis – XAUUSD – July 8, 2025 🔎 Momentum Analysis On the daily (D1) timeframe, momentum is currently declining. At the same time, the 4H momentum is showing signs of reversing downward. This suggests a likely short-term corrective decline, which provides a basis for projecting potential Elliott Wave patterns. 🌀 Elliott Wave Structure On the 4H chart, I currently see two main possible scenarios: Scenario 1: Contracting Triangle Correction (abcde – purple) This scenario assumes a contracting triangle correction labeled abcde in purple. The market appears to be in wave d (purple), which is unfolding as a wxy corrective structure. Currently, it is likely in wave y. The projected target for the end of wave y is between 3393 – 3402. However, due to the declining momentum, I expect a short-term pullback to the 3318 – 3321 region before price resumes upward to complete wave d. Scenario 2: Larger WXY Correction In this case: Wave W has completed as a standard 3-wave abc. Wave X has also completed as a double zigzag. Wave Y appears to be forming a small contracting triangle abcde in red. Currently, the price is being compressed between the upper and lower boundaries of the red triangle, suggesting that it is in the final wave e. In this scenario, the projected retracement also aligns with the 3318 – 3321 zone. After completing wave e, price is expected to break out strongly above the upper boundary of the red triangle. ✅ Strategic Conclusion Both scenarios point to a confluence zone at 3318 – 3321, making this a key potential buying area. Two trading approaches can be considered: Aggressive Entry: Buy within the 3318 – 3321 range. Conservative Entry: Wait for a confirmed breakout above the red triangle before entering a long position. 📈 Suggested Trade Plan Buy Zone: 3318 – 3321 Stop Loss: 3308 Take Profit 1: 3342 Take Profit 2: 3362 Take Profit 3: 3393
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD – June 8, 2025🌀 Elliott Wave Structure Timeframe: H4 Currently, price action is overlapping with multiple abc correction patterns. To reduce noise and gain a clearer perspective, I’ve shifted the analysis to the H4 timeframe. From the 3500 level down to now, the entire corrective move has been composed of overlapping abc patterns rather than sharp, impulsive rallies. This suggests we are likely forming a contracting triangle correction in the form of abcde (green) as shown on the chart. At the moment, price appears to be in wave d (green), which is unfolding as a wxy structure (red). Trading during triangle corrections is particularly challenging due to the complex interweaving of corrective waves. Additionally, price is consolidating within the Volume Profile’s high-liquidity zone, as shown on the chart. Therefore, it is best to remain patient and wait for the triangle pattern to complete. 📉 Momentum Daily (D1) momentum: Currently showing signs of a bearish reversal → suggesting that price may move sideways or lower this week. (Toward the end of a triangle, price tends to compress and lose clear directional bias.) H4 momentum: Also shows reversal signals, and a strong bearish candle has recently formed. Thus, a short-term bearish bias is preferred until H4 momentum reaches the oversold region. 🎯 Price Targets Since the market is currently forming overlapping abc structures, setting precise wave targets is difficult. Therefore, I rely on Volume Profile zones to define key levels: 3342 Resistance Zone: Marks the boundary between high and low liquidity areas → This is a Sell Zone, supported by confluence with D1 and H4 momentum signals. 3294 Support Zone: Represents the lower boundary of high liquidity → This is the projected end of wave X (red) and serves as our Buy Zone. 🧭 Trade Plan 🔻 Sell Zone: Entry: 3340 – 3342 SL: 3350 TP1: 3320 TP2: 3300 🔺 Buy Zone: Entry: 3295 – 3293 SL: 3285 TP1: 3312 TP2: 3342 TP3: 3390 📌 Personal Note: At this stage, I prefer to wait for the abcde triangle to complete or for more structural confirmation. If you decide to trade, focus on short-term setups with reduced position size to manage risk during this complex correction phase.
OANDA:XAUUSDLong
by WavePoint_FX
Gold/USD Bullish Breakout Toward Target Zone Gold/USD Bullish Breakout Analysis 🚀🟢 The chart illustrates a strong bullish breakout from a consolidation zone, signaling upward momentum: 🔍 Key Technical Observations: Support Zone: The price respected the support area around 3,325 – 3,330 USD, forming a solid base for reversal. Bullish Structure: Series of higher lows and higher highs indicate a bullish trend formation. Breakout Confirmation: Price broke above short-term resistance with a strong bullish candle, indicating buying pressure. Trendline Support: The ascending trendline has held well, confirming trend continuation. Target Point 🎯: Projected target is near 3,365 USD, which aligns with a previous resistance and Fibonacci confluence zone. ✅ Conclusion: The breakout above resistance, supported by a bullish structure and momentum, suggests further upside potential toward the 3,365 USD target zone. As long as price holds above the breakout level, bullish bias remains valid. 🛑 Watch for invalidation if price falls back below 3,330 USD zone.
TVC:GOLDLong
by MrStellanSight
Elliott Wave Analysis – XAUUSD, March 7, 2025 🌀 Elliott Wave Structure On the H1 chart, wave 3 appears to have completed, and price is now entering a phase with an unusual structural behavior. Wave 3 previously showed strong momentum, moving steeply and continuously, with no clear internal pullbacks – a classic impulse wave. Following this, we observed a corrective abc pattern in black, suggesting the end of wave 3. Interestingly, although yesterday's ADP report was extremely bullish, gold only managed a mild breakout above the wave 3 high before pulling back this morning. Notably, the upward move followed a 3-wave abc structure in green, and price action is now showing overlapping waves with no clear directional momentum. 🧩 These signs suggest a high probability that: 🔹 Wave 5 is forming as an Ending Diagonal – a 5-wave structure with a 3-3-3-3-3 pattern. 🔹 This is typically seen at the end of a bullish cycle and often precedes a sharp reversal. Although it's too early to confirm, we should patiently observe the upcoming price action. If the ending diagonal completes, it may present a strong sell opportunity. 🎯 Target for wave 5: around 3395, provided all 5 sub-waves within the diagonal complete. ⚠️ If price breaks below 3324, we must consider that the full 5-wave structure is already done, and a new abc corrective phase may have begun. 🔍 Momentum Analysis Daily (D1): Momentum is about to turn bearish from overbought territory → suggests a weakening uptrend. H4: Momentum is turning upward → likely a mild rally or sideways movement today before H4 reaches overbought again. 📌 Trading Plan Given the current wave behavior and overlapping structure, it is best to remain patient and wait for confirmation before taking a strong position. If the Ending Diagonal structure is confirmed, it could signal a major reversal. SELL Zone: 3392 – 3395 Stop Loss: 3403 Take Profits: • TP1: 3368 • TP2: 3340 • TP3: 3324
OANDA:XAUUSDShort
by WavePoint_FX
Elliott Wave Analysis – XAUUSD | February 7, 2025 🌀 Elliott Wave Structure (H1 Timeframe) Looking at the current price structure, we can see that the price is moving sharply and steeply—this suggests the formation of a 5-wave impulsive structure. Specifically: - Waves 1, 2, and 3 (green) appear to have completed. - Currently, wave 4 is forming as a 3-wave corrective structure (abc in black). - Once wave 4 completes, we anticipate the next upward move as wave 5, which will complete the full 5-wave cycle (green). 🎯 Potential Price Targets for Wave 4 Based on the structure of the abc correction and support zones, we identify two key target areas: + Target 1: 3324 + Target 2: 3311 When the price breaks above the top of wave b (black), it will serve as a strong confirmation that wave 4 has ended and wave 5 is beginning. 📈 Momentum Analysis Daily (D1): Momentum is still rising and likely needs 2–3 more days to enter the overbought zone, supporting the continuation of the uptrend. H4: Momentum is about to turn upward, signaling wave 4 may be nearing completion. H1: Momentum is also preparing to turn up, suggesting the price is approaching the end of the wave 4 correction zone. 💼 Trading Plan BUY ZONE: 3325 – 3322 STOP LOSS: 3215 TAKE PROFIT 1: 3345 TAKE PROFIT 2: 3368 TAKE PROFIT 3: 3395 📌 Wait for H1–H4 momentum alignment before triggering a BUY entry for wave 5.
OANDA:XAUUSDLong
by WavePoint_FX
Elliott Wave Analysis – XAUUSD Trading Plan for June 30, 2025 🌀 Elliott Wave Structure On the H1 chart, we observe a double zigzag correction WXY (in red). Currently, Wave Y appears to be developing as a green abc structure. In this abc structure: + Wave a started with a leading diagonal (5-wave triangle). + Wave b followed as a typical abc correction (in black). + Wave c is currently unfolding as a clear 5-wave impulsive move, characterized by sharp and rapid price action. The key issue now is to determine whether: + The price has completed wave 5 (black), or + It has only completed wave 3 (black) within the green wave c. If the current movement is wave 3 (black), we should expect a wave 4 correction, followed by one more leg down to complete wave 5. In this scenario, wave 5 will be confirmed if the price breaks below 3255. There are two potential target zones for wave 5: + Zone 1: 3247 + Zone 2: 3224 If wave 5 has already completed, the upward move to 3283 could be wave 1 of a new bullish trend. The next pullback would be wave 2, with an expected target between 3266 – 3261. ⚡️ Momentum Analysis D1 timeframe: Momentum is in the oversold region, suggesting a high probability of a bullish trend in the upcoming week. This supports the view that wave c (green) of wave Y (red) is nearing completion. H4 timeframe: Momentum is turning bullish, indicating the current upward movement may continue. This adds to the uncertainty about whether wave 3 or wave 5 has ended. 🧭 Trading Plan 📍 BUY ZONE 1 Entry: 3264 – 3261 SL: 3254 TP1: 3283 | TP2: 3297 | TP3: 3315 📍 BUY ZONE 2 Entry: 3247 – 3244 SL: 3237 TP1: 3283 | TP2: 3297 | TP3: 3315 ⚠️ Important Note This trading plan assumes either wave 3 or wave 5 has completed. Therefore, if in the early Asian session, the price does not touch the 3264 – 3261 zone but instead rises above 3283 without closing above 3297, and then drops back below 3283, we should avoid buying at 3264 – 3261. Instead, we should wait for a potential entry at the 3247 – 3244 zone.
OANDA:XAUUSDLong
by WavePoint_FX
Double Top Breakdown at Resistance ZoneThe chart reveals a classic Double Top pattern formation near the 3,360–3,480 resistance zone, followed by a clear bearish rejection (highlighted with red arrows). This confirms the presence of strong supply pressure in that region. 🔍 Key Technical Highlights: 🔺 Double Top Pattern The price formed two swing highs near the resistance zone, failing to break above. After the second peak, the price started declining, confirming the reversal pattern. 📉 Bearish Channel The recent downtrend is contained within a descending channel, with consistent lower highs and lower lows. Price broke below the neckline of the double top pattern around 3,270. 🎯 Target Projection Based on the height of the double top pattern, the projected downside target is near 3,207.5, aligning perfectly with the support zone marked below. 🟠 Historical Support Areas The large orange circles indicate key reaction points, confirming that the 3,207–3,220 area has acted as support in the past. 📊 Outlook: If the current bearish momentum continues, price is likely to head towards the support target zone at 3,207.5. Any pullback toward 3,320–3,350 could provide a shorting opportunity with stops above the recent highs. 🔧 Bias: Bearish 📍 Resistance: 3,360–3,480 📍 Support: 3,207–3,220 📍 Target: 3,207.5
BIST:XAUUSD1!
by MrStellanSight
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
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
tXAU/USD Bullish Reversal from Key SupportXAU/USD Bullish Reversal from Key Suppor 📈🟢 📊 Chart Analysis: Rounded Bottom Structure ⬆️ The price has formed a rounded bottom pattern, indicating potential trend reversal from bearish to bullish. Multiple bounces (🟠 circles) from the curved support trendline confirm the validity of this structure. Support Zone Rejection ✅ Price recently rejected from a major horizontal support zone (around 3,303.796 USD) with a strong bullish wick. This zone has acted as a springboard for prior upward moves. Falling Wedge Breakout 💥 A falling wedge (bullish pattern) has formed and is breaking to the upside. Breakout confirmation is underway, indicating momentum shift. Target Projection 🎯 The projected move from the breakout suggests a potential target at 3,385.820 USD. This aligns with previous resistance areas. Key Levels to Watch: Resistance: 3,385.820 USD (target) and 3,425–3,450 USD (major resistance zone) Support: 3,303.796 USD (short-term), followed by 3,225–3,250 USD zone 🔔 Conclusion: Price action suggests a bullish bias with a possible upward continuation if it sustains above the wedge breakout. Confirmation above 3,330 USD with volume can fuel a rally toward the 3,385–3,400 USD target zone. 📌 Risk Management Tip: Watch for fakeouts near wedge resistance or a re-test of 3,303 USD for better entries.
OANDA:XAUUSDLong
by MrStellanSight
Gold (XAU/USD) Technical Analysis – Bearish Breakdown in Play📉 Gold (XAU/USD) Technical Analysis – Bearish Breakdown in Play | June 20, 2025 🟡 🕒 Timeframe: 4-Hour 📍 Asset: Gold Spot / U.S. Dollar (XAU/USD) 🖼️ Chart Source: TradingView by AngelaFxTrading 🔍 Chart Overview The 4H chart displays a clear bearish breakdown from an ascending trendline (blue), followed by a rejection at a key horizontal resistance zone (highlighted in purple). 🧠 Key Technical Insights 📌 1. Resistance Zone Rejection Price Level: ~$3,370 - $3,390 Price attempted multiple breakouts above the resistance zone but consistently failed, indicating strong seller presence. The red arrow marks a lower high, suggesting waning bullish momentum. 📈 2. Trendline Break The rising blue trendline has been decisively broken. This signals a potential trend reversal from bullish to bearish. 🧭 3. Support Levels to Watch Minor Support: $3,294.43 (short-term reaction zone) Major Support: $3,244.87 (target of the projected drop) 🔮 4. Bearish Projection Blue arrows indicate a measured move expectation, targeting the $3,244.87 level. A bearish flag/pennant formation post-break suggests continuation lower. ⚠️ Key Considerations Fundamentals: Note the icons at the bottom — upcoming USD-related news/events 📅 could inject volatility. Confirmation: For bears, a clean rejection from the resistance retest would confirm entry zones. 🧭 Trading Bias: 🔻 Short-term Bearish As long as price remains below the purple resistance and under the broken trendline, selling pressure dominates. 🛑 Invalidation Zone A daily close above ~$3,390 would invalidate this bearish setup and suggest a return to bullish momentum.
OANDA:XAUUSDShort
by Ruthless-Trading
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
XAUUSD Weekly Analysis For June - 23 - June 27 ~~ Fundamental Analysis ~~ Key Drivers Geopolitical Tensions: Escalating conflicts in the Middle East (e.g., Israel-Iran) continue to drive safe-haven demand for gold. However, recent U.S. delays in decisions regarding Iran conflict involvement have led to investor hesitation, contributing to the current narrow trading range. Federal Reserve Policy: The Fed maintained interest rates at 4.25%–4.5% on June 12, 2025, with no immediate rate cuts signaled. Fed Chairman Jerome Powell noted that tariffs could increase inflation, potentially capping gold’s upside in the short term. A hawkish Fed stance could pressure gold prices, while global policy easing could support bullish momentum. U.S. Dollar Strength: A recovering U.S. dollar has exerted downward pressure on gold, as seen in recent pullbacks from highs above $3,450. Economic Data: Upcoming U.S. labor market data (e.g., May data) and inflation reports (e.g., core PCE price index) could influence gold prices. Rising inflation expectations may drive XAU/USD toward higher prices. China’s Economy: A weakening Chinese economy due to U.S.-China trade tensions could reduce gold demand, while a recovery could bolster prices. Long-Term Outlook Bullish Case: Continued global policy easing, escalating geopolitical conflicts, or a recovering Chinese economy could push gold toward $3,500 or higher in 2025, supported by safe-haven flows. Bearish Case: Easing geopolitical tensions, persistent inflation, or a hawkish Fed could lead to declines toward $3,000 Refer 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:XAUUSD
by renderwithme
Elliott Wave Analysis – XAUUSD | June 23, 2025 🌀 Current Wave Structure – H1 Timeframe In previous plans, we were debating between two triangle patterns in green: 1. A leading diagonal triangle forming wave 1, or 2. A corrective triangle structure forming wave X (as labeled on the chart). In last Friday’s plan, I also identified a five-wave triangle structure forming within wave c, with strong evidence of completion shown by a sharp bullish candle. 📰 News Supporting the Move At this point, it seems war-related news is supporting an upcoming bullish trend, which also strengthens the case that a three-wave abc correction (black) has completed. We are now expecting a bullish leg this week. 🎯 Price Outlook The current zone is a promising area for a BUY NOW setup. However, we should be cautious about the potential gap-up at the market open. If that occurs, we’ll observe whether the gap gets filled to reassess the buy zone. If price rallies to the 3382 area and then pulls back, we will look for a swing BUY entry around 3357. 📈 Momentum & Larger Wave Outlook D1 timeframe: Momentum is about to shift upward, indicating a potential strong and steep bullish trend this week. If confirmed, this supports the scenario that wave 2 (black) has ended and wave 3 is beginning. However, if price moves in a slow and overlapping fashion, we must prepare for an alternative scenario: that the correction is not yet complete, and another leg down may occur to finalize the structure. H4 timeframe: Momentum has already shifted to the upside, suggesting a high probability of a gap-up during the Asian session open. H1 timeframe: Momentum is also about to reverse to the upside, allowing us to consider buying at current levels. 📝 Trade Plan – BUY Setup: ✅ Buy Zone: 3361 – 3379 ❌ Stop Loss: 3351 🎯 Take Profit Targets: TP1: 3382 TP2: 3396 TP3: 3412
OANDA:XAUUSDLong
by WavePoint_FX
XAU/USD Bearish Pattern Analysis XAU/USD Bearish Pattern Analysis 📉 The chart presents a potential bearish continuation setup in the XAU/USD pair, highlighted by technical structures and key price levels: 📊 Technical Breakdown: 🔸 Bearish Rejection from Resistance Price rejected strongly from the 3,440.000 resistance zone, marked with a red arrow. This area has acted as a historical supply zone, triggering repeated reversals. 🔸 Descending Channel Formation 📉 A clear bearish flag/channel structure is visible post-rejection. Price action broke down from the channel, signaling potential trend continuation. 🔸 Target Level 🎯 The expected target is around 3,304.374, aligning with previous support zones and structure lows. This level coincides with a measured move from the channel breakdown. 🔸 Higher Lows Pattern Before Reversal ⭕ Prior to the current decline, the market formed a series of higher lows, highlighted with orange circles — suggesting a buildup before reversal. 🧭 Key Levels to Watch: Resistance: 3,440.000 – 3,420.000 🔼 Current Price: 3,368.750 Short-Term Target: 3,304.374 🎯 Major Support: 3,140.000 – 3,160.000 🛡️ 📌 Outlook: The rejection from resistance coupled with the descending channel breakdown indicates bearish momentum. If the market maintains below the recent high, further downside towards 3,304 is expected. Break below this may expose deeper support zones. 📉 Bias: Bearish ⏳ Short-term Action: Watch for breakdown confirmation and momentum continuation. 📉 The chart presents a potential bearish continuation setup in the XAU/USD pair, highlighted by technical structures and key price levels: 📊 Technical Breakdown: 🔸 Bearish Rejection from Resistance Price rejected strongly from the 3,440.000 resistance zone, marked with a red arrow. This area has acted as a historical supply zone, triggering repeated reversals. 🔸 Descending Channel Formation 📉 A clear bearish flag/channel structure is visible post-rejection. Price action broke down from the channel, signaling potential trend continuation. 🔸 Target Level 🎯 The expected target is around 3,304.374, aligning with previous support zones and structure lows. This level coincides with a measured move from the channel breakdown. 🔸 Higher Lows Pattern Before Reversal ⭕ Prior to the current decline, the market formed a series of higher lows, highlighted with orange circles — suggesting a buildup before reversal. 🧭 Key Levels to Watch: Resistance: 3,440.000 – 3,420.000 🔼 Current Price: 3,368.750 Short-Term Target: 3,304.374 🎯 Major Support: 3,140.000 – 3,160.000 🛡️ 📌 Outlook: The rejection from resistance coupled with the descending channel breakdown indicates bearish momentum. If the market maintains below the recent high, further downside towards 3,304 is expected. Break below this may expose deeper support zones. 📉 Bias: Bearish ⏳ Short-term Action: Watch for breakdown confirmation and momentum continuation.
OANDA:XAUUSDShort
by MrStellanSight
XAU/USD Bullish Breakout from Flag PatternBullish Flag Formation: The price consolidated in a downward-sloping flag after a sharp bullish move. A breakout has occurred, signaling renewed buying pressure. Support Zone: The breakout aligns with the horizontal support area around 3,392, reinforcing the bullish bias. Upside Targets: Based on price structure and measured move projection: First target: 3,435 – 3,452 Final target zone: 3,500+ Momentum Confirmation: The Ichimoku cloud supports bullish continuation as price trades above it, showing strong upward momentum. Conclusion: Gold appears to be resuming its uptrend after a brief consolidation. As long as price holds above the breakout level (around 3,392), the bullish targets remain valid. Ideal scenario for continuation traders looking for entries on minor pullbacks
OANDA:XAUUSDLong
by ZareeFxTradingAac
Elliott Wave Analysis – XAUUSD Trade Plan for June 19, 2025 🌀 Wave Structure On the H4 timeframe, following a strong selloff, price is now consolidating within a narrow price channel — suggesting that we are currently in wave b (black) of an abc correction. This structure implies that one more leg down is likely to complete wave c (black). However, due to the overlapping and sideways nature of the move, it's difficult to clearly identify the end points of waves a and b, making traditional Fibonacci targeting less effective. ➡️ To improve accuracy, we’re combining Volume Profile data with price action and have identified four key support zones: 3349, 3335, 3313, and 3297 Among these, we’re giving special attention to: 🎯 Target 1: 3335 🎯 Target 2: 3297 We'll wait for bullish momentum signals near these levels to increase the probability of catching the end of wave c. 🔋 Momentum Outlook Daily (D1): Momentum is about to enter oversold territory. By the end of today or tomorrow, the daily candle is expected to confirm this — suggesting a weakening bearish trend. H4: Also approaching oversold. If price is hovering around one of the key support levels (3349 | 3335 | 3313 | 3297) when this happens, and the D1 is already oversold, then we may be looking at a high-probability reversal zone. H1: Nearly oversold as well — expect a short-term bounce soon. The best timing for a BUY will be when the H1 starts turning bullish while both the D1 and H4 are oversold. ✅ Trade Setup 🔹 Scenario 1 BUY ZONE: 3336 – 3333 SL: 3326 TP1 | TP2 | TP3: 3345 | 3378 | 3402 🔹 Scenario 2 BUY ZONE: 3300 – 3297 SL: 3290 TP1 | TP2 | TP3: 3313 | 3345 | 3402 ⏳ Patience is key — wait for confluence between support zones and momentum reversals. That’s where the high-probability BUY setups emerge.
OANDA:XAUUSDLong
by WavePoint_FX