Gold at Critical Support After Fib Rejection CPI Day SetupGold has shown a rejection from the 60% Fibonacci resistance zone as we anticipated, and the price is now testing crucial support levels. The market is currently finding some stability around key areas that we need to monitor closely.
Our primary support zone remains at 3340-3345, which is particularly significant as this was the previous breakout area. This level has proven to be strong in the past and could provide the foundation for any potential bounce. Just below this, we have the 3335 pivot acting as additional support, creating a solid floor for the current price action.
What makes the current setup interesting is that price is attempting to reclaim the 3350 level. If we can see a successful breakout above Monday's high, this could trigger a strong bullish move as it would indicate that buyers are regaining control and pushing through previous resistance levels.
Today's CPI data release will be the main driver for gold's direction.
The trading scenario looks fairly straightforward a break above Monday's high with good volume would signal bullish momentum and could target higher resistance levels. we already seen a strong bounce from the 3340-3345 support zone in opening today,. However, if the 3335 pivot fails to hold, we might see further downside pressure.
GOLDCFD trade ideas
Elliott Wave Analysis – XAUUSD | July 15, 2025
🟢 Trade Update
The BUY order at the 3342 – 3340 zone was triggered at 3341. As of now, price has moved up by 140 pips, and the market is still following the planned scenario from the previous analysis.
📊 Momentum Analysis
D1 Timeframe: Momentum is in the overbought zone, and indicator lines are showing signs of crossing — a warning signal of a potential reversal on the daily chart.
H4 Timeframe: After a 6-candle decline from 3377 to 3342, H4 momentum has reversed upward. With 2 bullish candles already formed, we expect another 3–5 bullish candles, aiming toward the 3390 zone.
🌀 Elliott Wave Update
Price action is currently moving toward the end of the abcde contracting triangle. We are monitoring two potential scenarios:
Scenario 1 – Ongoing Triangle Correction
If price returns to the lower boundary of the triangle, it is likely forming wave e, which would present a buy opportunity for the final leg of the triangle.
Scenario 2 – 5-Wave Impulse Extension
The current structure shows a 5-wave impulsive move, with wave 4 completed and wave 5 now beginning.
The projected target for wave 5 aligns with the resistance zone at 3398 – 3402.
After completing wave 5, the market could enter a corrective phase, consistent with the idea that wave d ends at this resistance.
🔔 If the price breaks above 3402, it would likely confirm that the abcde correction is complete and that a new impulsive bullish wave has started.
🎯 Trade Plan
📍SELL Zone: 3396 – 3398
⛔️ Stop Loss: 3406
🎯 TP1: 3376
🎯 TP2: 3327
📍BUY Zone: 3295 – 3293
⛔️ Stop Loss: 3285
🎯 TP1: 3327
🎯 TP2: 3365
🎯 TP3: 3402
✅ Note: Prioritize entries only after confirmation from price action and momentum at key levels.
Gold Trading Strategy for 15th July 2025📊 Gold Intraday Trading Strategy
💰 Buy Setup (Long Trade)
🔼 Buy Above:
If the price of gold closes above the high of the 1-hour candle and the level is above 💵 $3362, then it signals a buy opportunity.
🎯 Targets for Buy Trade:
1st Target: 💵 $3372
2nd Target: 💵 $3383
3rd Target: 💵 $3394
✅ Condition to Enter Buy:
Wait for a 1-hour candle to close above 💵 $3362. Don’t enter the trade while the candle is still forming. Enter only after the candle closes above this level.
💰 Sell Setup (Short Trade)
🔽 Sell Below:
If the price of gold closes below the low of the 1-hour candle and the level is below 💵 $3333, then it signals a sell opportunity.
🎯 Targets for Sell Trade:
1st Target: 💵 $3320
2nd Target: 💵 $3305
3rd Target: 💵 $3290
✅ Condition to Enter Sell:
Wait for a 1-hour candle to close below 💵 $3333. Enter the trade only after the candle closes below this level.
📌 Tips for Beginners
🕐 Use 1-Hour Timeframe: This means each candlestick on your chart represents 1 hour.
🔒 Risk Management: Don’t risk more than 1-2% of your capital per trade.
🧠 Stay Patient: Wait for confirmation before entering – never jump in early.
📈 Use Stop-Loss: Always place a stop-loss to limit losses in case the market moves against you.
⚠️ Disclaimer
📢 This is not financial advice. Trading in commodities like gold involves significant risk. This strategy is for educational purposes only. Always consult a financial advisor before making real trades. You are responsible for your own trading decisions.
Gold Trading Strategy | July 14-15✅ From the 4-hour chart structure, the short-term support to watch lies in the 3340–3345 zone, which corresponds to the neckline level on last Friday's hourly chart. This is a key support area. If a pullback holds above this level, it may serve as a new launching point for the bulls.
✅ A deeper support zone is located around 3325–3330, which serves as the dividing line between a strong and weak bullish structure in the short term. If this level is broken, the bullish continuation will need to be re-evaluated.
✅ From the daily chart perspective, as long as gold prices remain stable above 3325, the overall bullish trend remains intact. The strategy of "buying on dips" remains valid. As long as there is no confirmed breakdown below this level, the outlook remains bullish.
✅ Trading Strategy Suggestions:
🔰 Initial Buy Zone: Consider light long positions on a pullback to the 3340–3345 area.
🔰 Add-on Zone: If the price dips further to the 3330–3335 area, consider adding to long positions.
🔰 Target Zone: Look for an upside move toward the 3365–3370 area, paying attention to the strength of the rebound.
🔥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.
XAUUSD Technical Breakdown – Smart Money Analysis 📊 XAUUSD Technical Breakdown – Smart Money Analysis (July 13, 2025)
Gold (XAUUSD) is currently presenting a textbook example of smart money behavior, with clear signs of institutional activity driving price action. The chart highlights multiple Breaks of Structure (BOS), signaling ongoing market manipulation phases and liquidity targeting.
🔼 Price recently surged into a strong resistance zone ($3,355 – $3,370) — an area where previous supply caused sharp rejections. This level has once again proven its strength, as price formed a new BOS immediately after testing this zone. The reaction suggests the presence of institutional sell orders.
📉 Bearish sentiment is reinforced by the series of lower highs and consistent BOS formations, pointing toward a likely continuation move to the downside. The next area of interest is the liquidity pool near $3,260, which holds resting stop orders from retail long positions. Smart money often drives price toward these levels to fill larger orders efficiently.
💡 Key Technical Observations:
Multiple BOS signals showing shifts in short-term trend.
Rejection from well-defined resistance implies a supply zone.
Bearish imbalance and clean structure favor continuation down.
Liquidity pool below is a prime target for institutional move.
🎯 Trade Idea (Educational Purpose):
Sell Zone: $3,360 – $3,370
Target: $3,260 – $3,300 (liquidity zone)
Invalidation: Clean breakout above $3,380 resistance zone
This setup demonstrates how understanding market structure, supply/demand zones, and liquidity pools can provide powerful insight into future price action. Always remember, smart money moves the market — your job is to follow the footprints, not fight the flow.
Donchain Channel Explainedthe donchian channel is a powerful trend-following indicator that helps traders visualize price breakouts, volatility, and market direction. it plots the highest high and lowest low over a selected period, forming an upper, lower, and middle band on the chart.
🔍 how it works
the donchian channel consists of:
🔹 upper band – highest high over the lookback period
🔹 lower band – lowest low over the same period
🔹 middle line – average of the upper and lower band (optional in some versions)
when price breaks above the upper band, it may indicate bullish momentum or a potential breakout. conversely, a break below the lower band suggests bearish momentum.
⚙️ customizable settings
you can adjust the channel period to fit your trading style:
📆 short periods (10–20) work well for scalping and intraday trading
📆 longer periods (50–100) help filter noise and spot bigger trends
🧠 how to use it
✅ trade long: can enter long when price closes above the upper band
✅ trade short: can enter short when price closes below the lower band
✅ ride trends: stay in the trade as long as price stays outside the band
✅ set trailing stops: use the opposite band as a dynamic stop-loss
✅ confirm signals: combine with volume, rsi, or moving averages for better accuracy
📈 strategy tips
• in trending markets, donchian channels can help capture large moves
• in ranging markets, be cautious of false breakouts
• works best when combined with a solid risk management plan
💡 the donchian channel was originally developed by richard donchian, a pioneer of trend-following systems. it remains popular among swing traders, breakout traders, and trend followers.
feel free to try it on different timeframes and instruments to see how price reacts to the channel boundaries. let the trend guide your decisions 📉📈
Disclaimer :
This 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.
XAUUSD at risk of dropping – is gold going to fall further?XAUUSD is currently trading around 3,355, close to the resistance at 3,375. After a strong rally, gold is facing difficulty at this level and is likely to experience a correction. A symmetrical triangle pattern is forming, and if gold fails to break through the resistance, the price could drop to 3,301 or 3,255.
In terms of news, the USD and U.S. bond yields are holding steady, with stable U.S. employment data and no clear signals from the Fed on interest rate cuts. Additionally, the World Gold Council warns of a potential correction in gold if global political tensions ease or if USD and bond yields continue to rise.
Sellers are starting to take control, and if the support at 3,320 is broken, gold could fall further. Keep a close eye on the market!
price increase, gold price towards 3385Plan XAU day: 14 July 2025
Related Information:!!!
An already fragile global risk sentiment has deteriorated further in response to renewed tariff threats from US President Donald Trump targeting two of the country’s major trade partners—Mexico and the European Union. In separate letters sent on Saturday to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, President Trump announced the potential for new tariffs, adding to more than 20 similar notices issued since last Monday.
This latest development has dampened investor appetite for riskier assets, as reflected in the broadly weaker tone across global equity markets, and may continue to provide support for safe-haven assets such as gold. However, mixed signals regarding the Federal Reserve’s near-term interest rate trajectory are preventing XAU/USD bulls from making aggressive moves or extending the recent rally to multi-week highs
personal opinion:!!!
Trade tensions between two major regions: the US and the EU, have made gold prices positive again, and market concerns that DXY and EURO will restrain each other's value.
Important price zone to consider : !!!
resistance zone point: 3385 zone
Sustainable trading to beat the market
Gold Analysis and Trading Strategy | July 14✅Gold opened with a gap up today, indicating a strong bullish trend, with the current price around 3370. After reaching a high of 3374 in the early session, gold is still consolidating at these high levels, awaiting buying pressure. Due to the gap up and subsequent rise, the short-term trend is likely to experience a gap fill. Additionally, considering the rapid rise, if a drop occurs during the European session, a pullback may follow. The upward curve is smooth, and the bullish momentum is strong, with the market still dominated by bulls. Therefore, today we should focus on strong support levels for buying opportunities, with the key entry point being around 3345-3350.
✅On the 1-hour chart, the moving averages continue to show a golden cross, indicating a bullish arrangement. In a strong market, a series of consecutive bearish candles can damage the upward pattern, while too many bullish candles can disrupt a downtrend. Therefore, attention must be paid to the strength of the candlestick patterns today. The current support level is near 3350, with further support at 3345. For the price to maintain this bullish trend, it should not fall below 3345 today. If gold retraces to 3350, it remains a buying opportunity.
🔴 Key Resistance Levels : The short-term resistance is in the range of 3392-3400. If this area is broken, gold could continue to rise.
🟢 Key Support Levels: Key support is at 3350, with further support at 3345.
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰When gold rebounds to around 3392-3395, consider selling in parts, with a stop loss of 8-10$ and a target of 3370-3360. If this level is broken, the next target would be 3350.
🔺 Long Position Strategy:
🔰When gold pulls back to around 3345-3350, consider buying in parts, with a stop loss of 10 points and a target of 3365-3385. If the price breaks through, the next target would be 3395.
🔥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.
Early Week Correction Ahead of Heavy News Flow GOLD PLAN – July 14 | Early Week Correction Ahead of Heavy News Flow
📰 Macro Context – Volatile Week Expected
Gold opened this week with a sharp correction, retracing after sweeping liquidity from the previous 2-week FVG zone. This early reaction reflects investor caution ahead of key tariff-related announcements due later this week.
In addition to geopolitical factors, the market is also bracing for major US economic data, including:
📊 CPI (Consumer Price Index)
📊 PPI (Producer Price Index)
📊 Unemployment Claims
📊 Retail Sales Figures
These events combined make this a high-volatility week with potentially strong directional moves in the second half.
📉 Technical Outlook – M30 Timeframe
Price has taken out minor liquidity above recent highs
Currently retracing over $15 from the top
Price is now trading below the intraday VPOC (around 3358) — suggesting potential bearish momentum
If momentum continues, gold may dip into key demand zones:
🎯 333x
🎯 Possibly lower into 332x
This could provide a healthy retracement before resuming the broader uptrend.
🧭 Trading Strategy
✅ BUY ZONE: 3331 – 3329
Stop-Loss: 3325
Take-Profits:
TP1: 3335
TP2: 3340
TP3: 3344
TP4: 3350
TP5: 3360 – 3370+
🔍 This zone aligns with prior support, potential liquidity traps, and EMAs on higher timeframes — high-probability area for bounce trades if volume confirms.
⚠️ SELL ZONE: 3393 – 3395
Stop-Loss: 3399
Take-Profits:
TP1: 3390
TP2: 3386
TP3: 3382
TP4: 3378
TP5: 3374 – 3370 – 3360
📉 Great for short-term scalps if price re-tests the zone and shows rejection signs, especially around key news events.
📊 Key Levels to Watch
🔺 Resistance Zones
3358
3368
3374
3394
🔻 Support Zones
3349
3340
3331
3318
⚠️ Execution Notes & Sentiment
🕰️ At the time of writing, gold is consolidating near the M30 VPOC with no clear break in either direction.
🧘 Stay patient and wait for clear confirmation from European session volume
🚫 Avoid FOMO trades — stick to structure
✅ Respect all SL/TP levels to protect your capital
This week’s volatility will reward discipline, not speed.
📌 Summary
Gold is currently in a short-term pullback after reaching previous liquidity zones.
There’s potential for a deeper dip early this week before macro news pushes price decisively.
📌 3331–3329 remains the primary BUY zone to watch if price shows bullish confirmation.
📌 3393–3395 remains the key SELL zone for potential short-term rejections.
🔍 What’s your view this week? Are you looking to buy the dip or short the bounce?
💬 Drop your thoughts in the comments — let’s discuss setups!
✅ If this helped you, hit that like & follow for more daily plans.
📩 Want private signals & deeper trade setups? DM to join our premium group.
7.14 Gold Analysis7.14 Gold Analysis
I. Market Review and Current Situation:
Last week, the trend of gold showed a bottoming-out and rebounding pattern. Affected by the fluctuation of market sentiment at the beginning of the week, the price of gold once broke through the important psychological barrier of $3,300. However, as the market gradually digested the threat of radical tariff policies proposed by former President Trump (including the imposition of high tariffs on the European Union, Mexico, etc.), the demand for safe-haven re-heated, driving the steady rebound of gold prices. At the end of last Friday, the price of gold reached a high of around $3,368, and finally closed above $3,350 on a weekly basis.
II. Key technical observations:
1. Daily level trend and risk:
The current daily structure still maintains a bullish trend, and there is dense technical support below.
The core support area is in the range of $3,320-3,340, which brings together key moving average systems (such as MA20, MA30, etc.) and the previous trading concentration area, forming an important bullish defense line.
Key warning: Although the trend is bullish, the risk of chasing high is significant. If you chase more above $3350 or even $3360, once the gold price technically retreats to the 3340-3320 area for consolidation, the position will face greater floating loss pressure and psychological test of holding positions.
III. 4-hour level short-term signal:
The gold price failed to effectively stand above $3360 on the 4-hour chart, which is a signal worthy of vigilance, suggesting that the short-term upward momentum may be insufficient.
This signal increases the possibility of gold prices falling back to the lower support again.
The nearest support level clearly points to around $3340. This position is a key node for short-term long and short competition. If it is effectively broken, it may further test the 3320-3330 area.
IV. Core drivers and event outlook:
Tuesday's US CPI data (released on July 15): This is the most critical risk event that dominates the trend of gold prices this week. The market will assess the current state of US inflation based on this, and revise its expectations for the future monetary policy path of the Federal Reserve (especially the timing and magnitude of interest rate cuts) based on this. Any data that exceeds expectations (whether up or down) may trigger sharp fluctuations in gold prices.
Trump's policy trends: His "important statement" on trade (high tariff threats) and the announcement of today's "important statement" on the Russian issue are still important sources of market uncertainty and risk aversion. The escalation of relevant remarks or measures will be good for gold, and vice versa, it may weaken safe-haven demand.
US dollar trend: The US dollar index fluctuated upward last week (recorded its first increase in three weeks). Although it did not effectively break through the 98 mark, its relative strength has put a certain pressure on gold prices, and its trends need to be continuously monitored.
5. Intraday operation strategy:
1. The core idea before the release of CPI: cautious fluctuations and range operations.
It is expected that before the release of the crucial US June CPI data (Tuesday), the probability of gold prices remaining in the range of 3360-3340 US dollars is very high. Market participants tend to wait and see, waiting for data to guide the direction.
2. Specific strategy:
The upper edge of the range (near and above 3360 US dollars): It is not advisable to aggressively chase the rise. It can be considered as a short-term light position test, and the stop loss is strictly set above 3365/3370 US dollars. The target is 3345-3340 US dollars.
The lower edge of the range (near 3340 US dollars): Pay attention to the defensive strength of bulls. If effective support is obtained in this area (such as a stabilization signal), you can consider light position layout of long orders, and set the stop loss below 3335/3330 US dollars. The target is 3350-3360 US dollars.
Breakthrough strategy (low probability but need a plan):
Break above 3365/3370 US dollars: The effectiveness and sustainability need to be confirmed. The aggressive can follow up with a light position, and the target is 3380 US dollars, but it is necessary to be wary of the risk of false breakthroughs before CPI, and the stop loss must be strictly enforced.
Break below 3335/3330 US dollars: It may open the downward space to 3320 or even lower. You can consider shorting with the trend, and the target is 3310-3300 area, and the stop loss must also be strictly enforced.
*Today, the gold market is in a "quiet period" before the release of key data. Although the overall technical trend remains bullish, and there is strong support in the 3320-3340 area below, it is difficult for gold prices to effectively break through last week's high (3368) and open up upward space in the absence of a new strong catalyst (CPI data). At the same time, the failure of the 4-hour chart to stand above 3360 also indicates a short-term correction risk. Therefore, the most likely path during the day is to fluctuate in the range of 3360-3340 US dollars. Traders should remain patient, adopt a strategy of light positions, high selling and low buying within the range, and strict stop loss, focus on avoiding the risk of chasing up and selling down before the release of CPI data, and wait for tomorrow's data to guide a clear direction.
Be cautious in trading and control risks! I wish you a smooth transaction!
Good if break 3345 then again fall will ome buy above 3368How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone: D13% -D15% is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone : SL 23% and SL 25% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Gold Analysis and Trading Strategy | July 14✅ On Friday, gold prices surged strongly, successfully breaking through the key resistance level of 3345, which pushed the price higher and hit our take-profit target at 3365. The price remains strong, indicating that bullish sentiment continues to dominate the market. However, in the upcoming trades, we need to watch for a secondary pullback to base our next moves on.
✅ From a short-term perspective, if gold fails to break through the resistance zone at 3392-3400 next week, a double top pattern may form, putting pressure on the price. This could lead to a correction. Therefore, pay close attention to the fate of this resistance zone. A breakout above it may push the price higher, while a failure could result in a pullback.
✅ On the daily chart, the Bollinger Bands are starting to narrow, signaling that the current consolidation phase is about to end, and a new trend may emerge. Overall, after two months of consolidation, the probability of a bullish breakout is high, and we expect gold to continue rising in the coming days.
✅ On the 1-hour chart, the price remains in a strong bullish trend. Although the pullbacks have been small, we should not get complacent. Even in strong markets, there’s always a risk of deeper corrections. To avoid chasing prices too high, it's recommended to wait for a secondary pullback before making a decision.
🔴 Upper Resistance: The key resistance zone is currently between 3392-3400. If the price breaks through this area, it may continue to rise, but if not, there’s a risk of a pullback.
🟢 Lower Support: The first support is at 3340, which is a crucial point for the bullish-to-bearish transition. If the price declines further, the second support level is around 3330.
✅ Trade Strategy Reference:
Overall, we expect a pullback opportunity for gold next Monday. The short-term strategy should focus on buying during pullbacks and selling on rebounds. Pay close attention to the resistance zone at 3392-3400 and the support zone at 3340-3330. If the price retraces to 3345-3340, consider buying.
🔥 Reminder: Trading strategies are time-sensitive and should be adjusted in real time based on market conditions, especially after key support or resistance levels are broken. If you need more accurate and timely trading signals, feel free to reach out to me directly!
Gold Finds Strength in UncertaintyGold prices surged for the fourth consecutive session after U.S. President Donald Trump announced a new wave of tariffs — including a 35% import tax on Canadian goods and threats of 15–20% tariffs on other major trade partners. Previously, the U.S. had already imposed a 50% tariff on copper and Brazilian imports. These aggressive trade measures have reignited fears of a global economic slowdown, prompting investors to seek refuge in gold.
As a result, gold is increasingly viewed as a buying opportunity, with many prioritizing safety over chasing equity market highs.
Adding to the bullish case, expectations of a Federal Reserve rate cut — reinforced by comments from Fed officials Waller and Daly — have further boosted the metal’s appeal.
In summary, the mix of rising trade tensions and a dovish monetary outlook is providing strong short-term support for gold’s upward momentum.
Gold Trading Strategy for 14th July 2025🟡 Gold (XAU/USD) Intraday Trade Setup
Timeframe: 1-Hour Candle Strategy
Instrument: Gold (Spot) – XAU/USD
✅ Buy Setup (Bullish Bias)
📈 Entry Trigger:
Buy only if the 1-hour candle closes above the high and price sustains above $3369.
🎯 Targets:
Target 1: $3379
Target 2: $3389
Target 3: $3399
🔒 Stop Loss (Suggested):
Below the breakout candle low or $3360 (based on risk appetite and price action)
🔻 Sell Setup (Bearish Bias)
📉 Entry Trigger:
Sell only if the 1-hour candle closes below the low and price sustains below $3342.
🎯 Targets:
Target 1: $3331
Target 2: $3319
Target 3: $3305
🔒 Stop Loss (Suggested):
Above the breakdown candle high or $3350 (based on price action)
⚠️ Disclaimer:
This analysis is for educational and informational purposes only. Trading in commodities like gold involves high risk, and past performance does not guarantee future results. Please consult your financial advisor before making any investment decisions. Trade at your own risk. The author assumes no liability for any trading losses you might incur.
GOLD | 15min Idea – 14 Jul 2025📌 GOLD | 15min Idea – 14 Jul 2025
Bias: Bullish while above trendline
CMP: 3,355.75
Market Structure
• Rising with HL-HH structure, holding above support box + up TL.
• Minor consolidation before a possible breakout continuation.
Levels
│ R1 3,368 │ R2 3,391
│ S1 3,347 │ S2 3,325
Trade Plan
🟢 Pullback Long → Entry at 3,347–3,350 support zone
Targets 3,360 / 3,368 | SL 3,343
🔴 Breakdown Short → Entry on 15min close < 3,347
Targets 3,336 / 3,325 | SL 3,358
Notes
• Uptrend intact but box needs clean breakout
• Watch volume spike for confirmation
Set alerts at 3,368 and 3,347. Risk ≤ 1 %.
Gold (XAUUSD) | 4H Triangle Breakout SetupPrice is consolidating inside a symmetrical triangle with clear compression. We've just seen a breakout toward the upside, now testing a minor supply zone (3,355–3,365).
I'm watching two scenarios:
Bullish Case: Break and close above 3,393 confirms continuation toward 3,445–3,460 major supply.
Bearish Case: Rejection from 3,355–3,365 zone could send price back to 3,300 or even to the 3,180 demand zone.
Key Confluences:
Triangle breakout
Clean supply/demand zones
Price structure support below
Let’s see how price reacts.
#gold #xauusd #priceaction #supplydemand #orderblock #technicalanalysis #breakout #forex
XAUUSD Bullish Breakout Imminent? Targeting 3500 +This is a long term plan not suitable for day trading and scalping
Idea:
Gold (XAUUSD) has been consolidating in a falling wedge pattern on the 4H chart — a classic bullish setup. We've already seen two previous impulsive rallies of ~17%, each adding ~$530 to the price. Currently, price is respecting the wedge resistance and appears to be gearing up for a breakout.
If we break above the wedge, a similar move could project XAUUSD towards the 3650 zone, aligning with the previous move projection.
Technical Highlights:
📊 Pattern: Falling wedge (bullish)
✅ Historical rallies of ~$530 (~17%) suggest similar potential
🎯 Target: 3650.743
🟢 Confirmation: Break and close above wedge resistance
⚠️ Risk: Failure to break may lead to another consolidation phase
Strategy:
Wait for a confirmed breakout with strong bullish candles and volume. Entry can be taken on retest of the breakout level, with SL below recent swing low.