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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 Shows Strength Above Key Fibonacci LevelLooking at the broader time frame, gold has successfully maintained the upward momentum it gained on Friday, with bulls managing to sustain these higher levels. Additionally, the market has broken out aove tbhe important Fibonacci golden zone at the 60% retracement level of 3374, which is a significant bullish sign. On the lower time frame analysis, we can observe that the 3350 level (Previos day S1) is acting as strong support for gold . Today's pivot is showing an ascending formation pattern, which is clearly visible on the 15-minute time frame chart. The intraday support level for today is at 3357. From an overall perspective, the larger time frame structure continues to look positive and bullish and currently seems like in consolidation phase. However, if gold manages to print a high low (3335-40 will be good) on the H4 time frame, this would provide an even stronger confirmation signal for the ongoing bullish trend. The combination of sustained momentum, Fibonacci breakout, and ascending pivot formation suggests that gold remains in a favorable position for continued upward movement, provided key support levels hold.
OANDA:XAUUSDLong
by TheGoldenCircle
1
Is gold back on track?Gold is making a strong recovery from the 3,365 USD support zone and is now hovering around 3,380 USD. After a brief correction, the price has bounced back and is heading toward the key resistance area at 3,396 USD. A breakout above this level would likely open the door for a further move toward the 3,428 USD target. The bullish sentiment is supported by weaker-than-expected U.S. employment data, which has raised expectations that the Federal Reserve (Fed) may cut interest rates sooner. This is boosting demand for gold as a safe-haven asset. The short-term trend now leans bullish, as long as the price holds above the 3,365 support. A confirmed breakout above 3,396 could be the signal for the next leg higher.
OANDA:XAUUSDLong
by Rocky_trade_
2
XAU/USDA precise and well-timed entry in XAU/USD was executed at 3381, aligning with a short-term bullish momentum. This buy trade was based on a minor pullback to an intraday support zone, where price action showed signs of reversal through bullish candlestick patterns and a bounce from a key support level. The stop-loss was placed at 3377, just below the immediate support and recent minor low, providing a tight risk buffer while protecting the position from unexpected downside movement. The target was set at 3389, aiming for a quick profit within the nearest resistance zone. This trade setup offered a favorable risk-reward ratio of 1:2, making it attractive for intraday traders. Indicators like RSI and MACD confirmed bullish divergence, further supporting the long entry. By combining technical confluence, price action signals, and strict risk management, this entry at 3381 represented a disciplined and strategic trade in the fast-moving XAU/USD market.
TVC:GOLDLong
by smohdyusuf66
Gold Trading Strategy for 06th Aug 2025📊 Gold Trading Plan ($XAU/USD) 🟢 Buy Setup: Entry: Buy above the high of the 15-min candle closing above $3,392 🎯 Targets: $3,403 $3,414 $3,426 ⚠️ Stop-Loss: Place below the breakout candle low (as per your risk strategy). 🔴 Sell Setup: Entry: Sell below the low of the 1-hour candle closing below $3,369 🎯 Targets: $3,355 $3,345 $3,330 ⚠️ Stop-Loss: Place above the breakdown candle high (as per your risk strategy). 📌 Disclaimer: Trading in commodities and financial markets involves significant risk. This is for educational purposes only and not financial advice. Trade at your own risk and use proper risk management.
TVC:GOLD
by ramkkyy
Elliott Wave Analysis – XAUUSD, August 5, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Momentum has entered the overbought zone. As anticipated in previous plans, we've seen four consecutive bullish days, and the current overbought condition signals that bullish momentum is weakening. • H4 Timeframe: Momentum is reversing downward → We expect a potential pullback today, at least until the US session. • H1 Timeframe: Momentum is also turning down → This supports the possibility of a short-term pullback on the H1 chart. ________________________________________ 🌀 Wave Structure Analysis: Currently, there are two key scenarios to consider: ✅ Scenario 1 – ABC Correction Structure (black labels): • If this is a C wave completing an ABC correction, the current bullish move is likely over. • In this case, price may break below the 3315 support zone, resuming the medium-term bearish trend. ✅ Scenario 2 – Impulse Wave 12345 (black labels): • If this is wave 5 of a 5-wave impulse, the uptrend may not be complete yet. • Currently, wave 5 has reached its first target at 3385, however, we must still watch for an extended target around 3402. • Notably, wave 4 took the form of a triangle. According to Elliott Wave theory, when wave 4 is a triangle, wave 5 typically travels a distance equal to the triangle’s maximum height → This makes 3385 a highly probable peak area. ________________________________________ 🧭 Trade Plan (Reference Only): 🔹 Sell Setup #1 – Near Potential Wave 5 Top: • Sell Zone: 3375 – 3378 • Stop Loss: 3387 • TP1: 3365 • TP2: 3344 • TP3: 3333 🔹 Sell Setup #2 – In Case of Extended Wave 5: • Sell Zone: 3400 – 3402 • Stop Loss: 3410 • TP1: 3385 • TP2: 3368 • TP3: 3333
OANDA:XAUUSDShort
by WavePoint_FX
Gold Surges on Weak NFPHello everyone, what’s your take on XAUUSD? Gold prices soared at the end of the last session and are now trading around $3,380. This sharp rise followed a weaker-than-expected U.S. Non-Farm Payrolls (NFP) report, which shifted market sentiment toward expectations that the Fed may delay interest rate cuts. As a result, the U.S. dollar weakened and demand for gold as a safe haven surged. Technically, gold appears to be forming a cup and handle pattern, with the first resistance target at $3,400, followed by $3,435. What do you think? Could this rally continue? Let us know in the comments!
OANDA:XAUUSDLong
by Kevinn_Nguyen
1
Gold Analysis and Trading Strategy | August 5✅ Fundamental Analysis 🔹 Rising Geopolitical Risks: Military tensions between the U.S. and Russia are escalating in Eastern Europe, while the humanitarian crisis in the Middle East continues to intensify. This has heightened risk-off sentiment and supported demand for gold as a safe haven. 🔹 Tightening Global Trade Conditions: The U.S. has announced new tariffs on imports from countries such as Switzerland and India, raising concerns over global supply chains. This has triggered risk aversion and prompted capital to flow into safe-haven assets like gold. 🔹 Weaker U.S. Dollar: The U.S. Dollar Index has fallen to 98.786, hitting a new short-term low and providing a favorable monetary environment for gold. 🔹 Upcoming Data Impact: Market participants are closely watching today’s release of the U.S. July ISM Non-Manufacturing PMI. A weaker-than-expected reading could further weigh on the dollar and help push gold through key resistance levels. ✅ Technical Analysis 🔸 The market is currently in a post–non-farm payroll recovery phase. Gold prices have continued rising without a meaningful pullback, which suggests that the rally is being driven by momentum. However, such slow and steady gains often precede short-term corrections as bulls may begin to take profits. Caution is warranted for potential volatility or reversal at higher levels. 🔸 On the hourly chart, gold remains within an upward channel, although bullish momentum is gradually weakening. Yesterday’s low around 3345 serves as a key support level, while the 3385–3390 zone is a crucial short-term resistance. A retest of this area could lead to a modest pullback. 🔸 On the 30-minute chart, early signs of a potential top are emerging. Technical indicators are in overbought territory, and candlestick behavior shows price stalling near highs. A possible double-top pattern is forming around 3385. If the price breaks below the neckline at 3370, the pattern would be confirmed, opening up short-term downside potential. 🔴 Resistance Levels: 3385–3390 / 3400–3405 🟢 Support Levels: 3370–3360 / 3345–3335 ✅ Trading Strategy Reference: 🔻 Short Position Strategy: 🔰Consider entering short positions in batches if gold rebounds to the 3385-3390 area. Target: 3370-3350；If support breaks, the move may extend to 3340. 🔺 Long Position Strategy: 🔰Consider entering long positions in batches if gold pulls back to the 3340-3345 area. Target: 3365-3375；If resistance breaks, the move may extend to 3385. 🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
OANDA:XAUUSD
by TechnicalAnalysissss
XAUUSD GOLD TRADING STRATEGY August 5, 2025: XAUUSD Gold Trading Strategy August 5, 2025: Yesterday's trading session, gold prices continued to increase sharply due to previous influences. However, the possibility of a short-term correction in gold prices at the end of the week will be very high. Basic news: According to CME FEDWatch, the probability of the Fed cutting interest rates at its September meeting has now increased to about 84%, reflecting increasing concerns about economic weakness. The market is currently pricing in at least two 25 basis point cuts between now and the end of the year, showing a clear shift in investor sentiment after disappointing employment data. Technical analysis: Gold's bullish momentum is currently showing signs of weakening. The peak area of 3383 - 3385 may create a double peak pattern on H1, but the possibility of gold prices correcting today is very low. Currently, gold prices are filling liquidity at support areas. The correction of gold prices may take place at the end of the week when buyers take profits. Important price zones today: 3350 - 3355 and 3330 - 3335. Today's trading trend: BUY. Recommended orders: Plan 1: BUY XAUUSD zone 3350 - 3352 SL 3347 TP 3355 - 3365 - 3375 - 3400. Plan 2: BUY XAUUSD zone 3330 - 3332 SL 3327 TP 3335 - 3345 - 3365 - 3400. Plan 3: SELL XAUUSD zone 3420 - 3422 SL 3425 TP 3417 - 3407 - 3387 - 3357 - OPEN (small volume). Wish you a safe, successful and profitable trading day.🌟🌟🌟🌟🌟
OANDA:XAUUSD
by ryemud
XAU/USD Forming Three-Candle Swing – Targeting 3362 with SL 3382Gold (XAU/USD) has formed a three-candle swing pattern on the daily timeframe, signaling potential short-term weakness. The structure suggests a downside move is likely, with a projected target of 3362, provided the price respects the stop-loss level at 3382. This setup aligns with short-term correction within the broader structure and can offer a high-probability intraday or swing short opportunity. Trade Setup: 🔻 Entry: Near current market price 🎯 Target: 3362 ❌ Stop-Loss: 3382 🕰️ Timeframe: Daily (Swing to short-term move) 📌 Note: Look for bearish continuation confirmation like a strong bearish candle or break below minor intraday support. #XAUUSD #Gold #ForexTrading #PriceAction #TechnicalSetup #ThreeCandleSwing #TrueDirections1
OANDA:XAUUSDShort
by VikasBajajICT
XAUUSD awaits breakout at confluence zoneGold is consolidating around 3,361 USD after a strong rebound from the key support zone at 3,284 USD — previously a major swing low in the existing bullish structure. Recent price action on the H4 timeframe is forming a potential Cup and Handle pattern, indicating that buying pressure remains present after each retracement. The 3,351 USD resistance area now acts as a confluence zone, where the descending trendline from July intersects with a key horizontal level. Price behavior at this zone will likely determine the next directional move. A successful breakout would confirm the bullish continuation structure, with room to revisit the previous highs. Current technical signals suggest that buyers are gradually regaining control, as higher lows emerge and upward momentum builds from the major support area.
OANDA:XAUUSDLong
by Rocky_trade_
1
Gold Trading Strategy for 05th August 2025GOLD (XAU/USD) INTRADAY TRADE PLAN 💰✨ Buy Setup – Bullish Opportunity 📈💵 Entry: Buy Gold (XAU/USD) above $3,386 (only after a 1-hour candle closes above this level). Targets: $3,395 🎯 $3,406 🎯 $3,419 🎯 Stop Loss: Below $3,380 (or below the breakout candle’s low). Logic: A 1-hour candle close above $3,386 indicates bullish momentum. Breaking this resistance zone may trigger short-covering and attract new buyers. First target ($3,395) is the immediate resistance, while higher targets ($3,406 and $3,419) align with the next price supply zones. Sell Setup – Bearish Opportunity 📉💵 Entry: Sell Gold (XAU/USD) below $3,363 (only after a 1-hour candle closes below this level). Targets: $3,350 🎯 $3,338 🎯 $3,325 🎯 Stop Loss: Above $3,370 (or above the breakdown candle’s high). Logic: A 1-hour candle close below $3,363 shows bearish momentum. A breakdown can accelerate selling pressure, targeting the next demand zones around $3,350–$3,325. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading in commodities, indices, or forex involves high risk, and you should trade with proper risk management. Past performance does not guarantee future results. Consult your financial advisor before making any trading decisions.
TVC:GOLD
by ramkkyy
5
Volume & Round Number Confluence ZonesThis chart highlights key price areas using two important indicators: 🔹 Volume – Helps identify high-activity zones where buyers and sellers are most engaged. Spikes in volume often signal strong interest or potential reversals. 🔹 Round Numbers – Psychological levels (e.g., 100, 500, 1000) where price tends to react due to trader bias. These act as natural support/resistance zones. 📊 Use Case: Look for volume spikes near round numbers to find high-probability reversal or breakout setups. Combine this with price action for better entry/exit signals. 🧠 Tip: Round number zones with strong volume support often act as key levels during trend continuation or reversal.
OANDA:XAUUSD
by arunbabust1021
1
XAU/USDThis XAU/USD trade setup is a buy trade, indicating a bullish outlook on gold. The entry price is 3352, the stop-loss is set at 3344, and the exit price is 3375. The trade targets a 23-point profit, while the risk is limited to 8 points, giving a favorable risk-to-reward ratio of nearly 1:3. Buying at 3352 suggests that the trader expects gold to rise, possibly due to weaker US dollar movement, lower bond yields, or increased safe-haven demand in global markets. The exit price at 3375 is chosen as the profit level, likely near a resistance area where the price may face selling pressure. The stop-loss at 3344 is placed to protect against any downside move if the trade does not go as expected. Because the stop-loss range is narrow, precise timing and close monitoring of the trade are necessary to avoid being stopped out by short-term market volatility. With disciplined risk management and adherence to the plan, this setup provides a good opportunity to capture a short-term bullish move. Avoiding emotional decisions and following the strategy strictly increases the chances of consistent trading success in XAU/USD.
TVC:GOLDLong
by smohdyusuf66
How to Use The Stochastic RSI Indicatorthe stochastic rsi is a momentum oscillator that applies the stochastic formula to the relative strength index (rsi) values, rather than price. this creates an indicator that is more sensitive to market movements, helping traders identify potential overbought and oversold zones faster than traditional indicators. 🔍 how it works stochastic rsi generates values between 0 and 100 . it is calculated using the rsi value instead of price and then applying the stochastic oscillator formula. this means you're looking at the momentum of momentum! 📊 key levels to watch * above 80 = overbought 🚨 * below 20 = oversold 💡 these levels suggest potential reversals, but not guarantees. combining them with price action or trend direction increases effectiveness. ⚙️ how traders use it * entry signals: look for the indicator crossing above 0.2 (bullish) or below 0.8 (bearish) * exit signals: when stochastic rsi returns from extreme levels * divergence: just like rsi, divergence between stochastic rsi and price can hint at trend reversals 🛠️ tips for better results * use with other indicators like moving averages, macd, or trendlines * adjust the rsi and stochastic settings to fit your trading style * avoid using it alone in sideways markets — it may give too many false signals 📌 final thoughts stochastic rsi is a powerful tool when used correctly. it helps traders get early signals and adds depth to momentum analysis. always backtest and combine with proper risk management! Disclaimer : This idea post is not financial advice, it's for educational purposes only, I am not a SEBI-registered advisor. Trading and investing involve risk, and you should consult with a qualified financial advisor before making any trading decisions. I do not guarantee profits or take responsibility for any losses you may incur.
OANDA:XAUUSDEducation
by Shivam_Mandrai
2
GOLD 1H Analysis – Squeeze Before the Move!Price is coiling inside a tight consolidation box right at the upper boundary of an ascending channel. This suggests a breakout is near – but which way? 🔍 Key Observations: Price respecting the upper trendline Sideways compression with lower highs and flat resistance Support zone: 3,345 – 3,343 Below that, deeper targets open: ➤ 3,324 ➤ 3,301 ➤ 3,298 ⚠️ Bearish Breakdown Alert: A fall below 3,343 may trigger a sharp sell-off toward lower channel support. 🛡 Invalidation: Sustained breakout above 3,362 will invalidate bearish bias and may lead to new highs. 📌 Be patient, the move is loading… Breakout = Opportunity. Breakdown = Opportunity. Let price show the way. #XAUUSD #GoldAnalysis #PriceAction #ChartPatterns #ForexTrading #BreakoutTrading #TechnicalAnalysis #SmartMoneyMoves
TVC:GOLDShort
by FinanciallyFreedomTrader
1
maintain uptrend, buy gold 3350Plan XAU day: 04 August 2025 Related Information:!!! Gold prices (XAU/USD) retain a subdued tone during the first half of the European session on Monday, although the absence of sustained selling pressure keeps the metal within reach of the one-week high recorded earlier in the day. The US Dollar (USD) begins the new week with a modest recovery, partially retracing Friday’s decline triggered by softer-than-expected US employment data, supported in part by a rebound in US Treasury yields. This recovery exerts downward pressure on demand for the precious metal. Nevertheless, the USD's upside remains limited amid increasing expectations that the Federal Reserve (Fed) will resume interest rate cuts as early as September. This anticipation continues to provide support for the non-yielding yellow metal. In addition, a broadly cautious market mood—driven by persistent trade uncertainties and heightened geopolitical tensions—reinforces the appeal of Gold as a safe-haven asset and advises restraint among bearish market participants personal opinion:!!! Accumulated price zone around 3350 - 3364, buying power maintained. Gold buying point following the uptrend line today Important price zone to consider : !!! Support zone point: 3350 zone Sustainable trading to beat the market
OANDA:XAUUSDLong
by JJainy
1