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Elliott Wave Analysis – BTCUSD 22/8/2025 Momentum • D1 timeframe: Momentum is currently in the oversold zone, with the downside range narrowing → suggesting the decline is slowing. This supports the potential for a short-term bullish rebound. • H4 timeframe: Momentum is turning upward, but the current strength is not yet enough to confirm a sustainable uptrend. Key signal: if H4 momentum enters the overbought zone and price breaks above the previous high, it will confirm a more solid bullish trend. • H1 timeframe: Momentum is turning down. Ideally, the pullback should not break below the 112k level. If this support holds, it would be the first signal of a possible bullish reversal. Wave Structure • D1 timeframe: Price has broken below the wave 4 low and is now reacting around this zone → confirming the risk of a longer-term corrective decline. However, D1 momentum still supports a short-term rebound in the form of wave B. This means we should avoid long-term Buy positions for now, and only treat upcoming upside moves as corrective rallies. • H4 timeframe: Price remains within a 5-wave structure (1–2–3–4–5, red). This could either be wave A of an ABC correction or wave 1 of a larger corrective structure. Further observation is needed. • H1 timeframe: A 5-wave structure (black) seems to be forming, with wave 5 potentially unfolding as an ending diagonal (triangle). Once this triangle completes, a sharp upward move is expected. Confirmation will come if price breaks above the 2–4 trendline. For now, watch for a break above 113.5k to trigger entry. Trading Plan • Stay patient and wait for a breakout above the 2–4 trendline on H1. • If confirmed, consider entering Buy positions to ride the corrective rebound.
OANDA:XAUUSDLong
by WavePoint_FX
Gold Analysis and Trading Strategy | August 21-22 ✅ On the daily chart, gold has shown signs of stabilization after consecutive declines, with support forming in the 3310–3320 range. After rebounding, it is currently capped by resistance around 3350–3360, keeping the price in a consolidation phase. Short-term moving averages (MA5/MA10) are flattening, suggesting weakening bearish momentum; however, the medium-term MA20 is still trending downward, indicating that a full trend reversal has not yet been confirmed. ✅ On the 4-hour chart, gold rebounded after bottoming out near 3311, reaching as high as 3352, and is now consolidating around 3340. Price action is hovering near the middle Bollinger Band, with narrowing bands signaling a short-term sideways pattern. The short-term trend remains mildly bullish; a breakout above 3350–3355 could pave the way for 3365–3375, while a drop below 3330 may signal renewed weakness. ✅ On the 1-hour chart, the price has been oscillating between 3337–3345, repeatedly testing upper resistance without a clear breakout. The MA5 and MA10 have converged multiple times, reflecting indecision and a lack of clear short-term direction. If the price fails to break above 3348–3352, it may retreat to test the 3330–3325 support area. 🔴 Resistance Levels: 3350–3355 / 3365–3375 🟢 Support Levels: 3330–3325 / 3310–3295 ✅ Trading Strategy Reference: 🔰 If gold approaches the 3350–3355 resistance, consider light short positions, targeting 3335–3330. A confirmed break below 3330 could open the way toward 3310. 🔰 If the price pulls back and holds in the 3330–3325 area, consider entering long positions, targeting 3350–3360. A breakout above 3360 could extend gains toward 3375–3380. 🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions🤝
OANDA:XAUUSD
by GoldTradingPros
Gold Analysis and Trading Strategy | August 21✅ Fundamental Analysis 🔹 Reports that Russia and Ukraine may arrange a meeting have weakened safe-haven sentiment, putting some pressure on gold prices. 🔹 Market expectations for a Fed rate cut in September remain high, but the July meeting minutes showed that most officials leaned toward keeping rates unchanged, increasing uncertainty. 🔹 The market is currently awaiting the Jackson Hole central bank symposium and new economic data, leading to cautious short-term trading. ✅ Technical Analysis 🔸 Daily Chart: Yesterday’s bullish candlestick fully engulfed the previous day’s bearish candle and held above the middle Bollinger Band. If today closes higher, the bulls may establish a clear advantage. The key is to watch Thursday’s volume; strong buying momentum could open up further upside space. 🔸 4-Hour Chart: The candles have closed consecutively higher, maintaining an upward rhythm, and are now positioned below the middle Bollinger Band. However, the bands have yet to widen, suggesting the trend has not fully developed. Resistance is concentrated around the 3355–3360 area: • Failure to break through may keep the market in consolidation, with pullbacks seen as normal. • A breakout with widening Bollinger Bands could indicate stronger momentum, opening the way toward 3375–3400. 🔸 The current rebound is largely viewed as a technical correction within a broader downtrend. Short-term momentum remains bullish, but the medium-term structure is still bearish. The key for bulls is avoiding a deep pullback; otherwise, momentum will weaken. If gold fails to break the early-session high during the European session, the trend may soften and revert to a range-bound pattern. 🔴 Resistance Levels: 3350–3360 / 3372–3375 🟢 Support Levels: 3330–3335 / 3327–3311 ✅ Trading Strategy Reference: 🔻 Short Position Strategy: 🔰Consider entering short positions in batches if gold rebounds to the 3365-3370 area. Target: 3350-3340；If support breaks, the move may extend to 3335. 🔺 Long Position Strategy: 🔰Consider entering long positions in batches if gold pulls back to the 3330-3335 area. Target: 3350-3360；If resistance breaks, the move may extend to 3375. 🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
OANDA:XAUUSD
by GoldTradingPros
Gold Strongly Rebounds: Heading Towards New Targets! The gold market is showing signs of a strong recovery, with several factors supporting an upward trend in the near future. News supporting the rise of XAUUSD: FOMC Minutes: A dovish stance from the FOMC weakens the USD, creating favorable conditions for gold to continue rising. Initial Jobless Claims: Data showing higher-than-expected claims indicates a weaker economy, prompting the Fed to maintain its accommodative policy, which supports gold. PMI: Weaker PMI data signals a slowdown in production, continuing to weaken the USD and supporting gold's upward trend. Technical Analysis: The XAUUSD chart shows gold making a strong recovery from the support at 3,334 USD, with resistance near 3,370 USD. If gold holds above the support level, the likelihood of further gains is very high. The current pattern indicates a sustainable bullish structure with higher highs and lows. With the alignment of both fundamental and technical factors, XAUUSD is likely to continue rising towards higher targets. The resistance at 3,370 USD is the next level to watch.
OANDA:XAUUSDLong
by Rocky_trade_
2
Elliott Wave Analysis – XAUUSD (21/8/2025) 1. Momentum • D1 timeframe: Yesterday’s daily candle closed bullish, confirming upward momentum. This suggests that the dominant trend could remain bullish for the next 4–5 days. • H4 timeframe: Currently in a corrective move with only 2 bearish candles formed so far. This decline may need another 2–3 candles to complete. A potential bullish reversal could occur during the US session tonight. • H1 timeframe: Momentum is turning bullish, signaling a short-term upward move. However, since H4 is still in a corrective phase, it is better to observe for now rather than take immediate action. 2. Wave Structure • D1 timeframe: With the bullish confirmation on D1, the corrective a–b–c–d–e triangle scenario remains valid. At present, the market is forming wave 1 and wave 2 in blue. This view will be further confirmed once price breaks above the top of wave 1 (blue). • H4 timeframe: Previously, I anticipated a possible ending diagonal for wave C in purple. However, with yesterday’s strong rally and the bullish confirmation on D1, the updated structure is more consistent with: o Wave B (purple) forming a triangle. o Wave C (purple) already completed. This suggests the market has entered wave 1 (yellow) and we are now waiting for wave 2 (yellow) to complete in order to look for buy opportunities. If price drops below 3314, the extended scenario remains valid with a target around 3298. But since D1 momentum supports the bullish case, I will prioritize the bullish scenario for trading. • H1 timeframe: H1 momentum indicates a possible pullback. Typically, wave 2 forms as a zigzag or flat correction, retracing to the Fibonacci levels of 0.5 – 0.618 – 0.782. I believe wave 1 (yellow) may already be complete. However, if H1 momentum continues to push higher, price could reach around 3362 before finalizing wave 1. In that case, traders can use Fibonacci retracement levels to identify entry points for a buy on wave 2. Potential retracement zones for wave 2: 3333 – 3327 – 3315. 3. Trading Plan • Buy Zone: 3333 – 3330 • Stop Loss: 3323 • Take Profit 1: 3350 • Take Profit 2: 3381 • Take Profit 3: 3409
OANDA:XAUUSDLong
by WavePoint_FX
Gold Analysis and Trading Strategy | August 20-21✅ From the 4-hour chart, gold prices are still moving within a broad downward channel. The current rebound is mainly a correction after the previous continuous decline. Indicator signals show: the MACD has formed a golden cross at the lows, with the histogram turning positive, indicating stronger rebound momentum; the KDJ has quickly risen from oversold levels but has entered the mid-to-high range, suggesting that while rebound momentum continues, the upside potential is limited. Gold is rebounding, but the overall medium-term trend remains bearish. The 3345–3355 zone is a strong resistance area; if the price faces rejection there, bears may regain control. On the downside, 3325 is short-term support; if it breaks, the next pullback targets are 3310–3305. A more critical support lies at 3280–3268. ✅ Trend Outlook: Gold is currently in a corrective rebound phase. Short-term momentum favors the bulls, but the medium-term trend remains bearish. 🔴 Resistance Levels: 3345–3350 / 3355–3360 🟢 Support Levels: 3325 / 3310–3305 / 3280–3268 ✅ Trading Strategy Reference: 🔰 If gold rebounds to the 3345–3350 area and faces rejection, consider entering short positions, targeting 3325–3310. 🔰 If the price breaks above and holds 3355–3360, the rebound may extend toward the 3380 area. 🔰 If gold breaks below 3310, the rebound phase is over, and the trend may return to the downside. 🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
OANDA:XAUUSD
by GoldTradingPros
Gold Analysis and Trading Strategy | August 20✅ Fundamental Analysis 🔹 Recently, the Russia-Ukraine conflict has shown signs of easing: Trump stated he hopes to push for an end to the war, and Ukrainian President Zelensky said that talks with the White House were "an important step toward ending the conflict." This signal has reduced geopolitical tensions, thereby weakening gold’s safe-haven demand. 🔹 The market’s focus is now shifting to the Jackson Hole Economic Symposium (August 21–23) and Federal Reserve Chair Powell’s speech this Friday, which will be key events influencing gold’s future trend. ✅ Technical Analysis 🔸 From the 4-hour chart, gold remains in a descending channel, trading below the moving average group with significant bearish pressure. The MACD is still in the bearish zone, although the histogram has slightly contracted, no clear reversal signal has emerged. The KDJ has lifted slightly from the oversold area, suggesting a possible short-term rebound. Overall, gold remains in a corrective downtrend, with limited rebound potential and a higher probability of further decline. The 3311–3315 zone is an important short-term support; if broken, gold may accelerate its drop toward the 3300–3280 region. 🔸 From the 1-hour chart, gold has rebounded from the 3311 low, with improving momentum, currently in a corrective bounce phase. Resistance is concentrated around 3328–3330. Failure to break this level would likely keep the trend bearish. The MA5 and MA10 have formed a bullish crossover, indicating short-term buying momentum. Price has moved above the MA10 and MA20, suggesting a technical rebound, but remains below the MA60, keeping the medium-term trend bearish. Gold is now testing the Bollinger mid-band near 3325, a typical rebound resistance. With Bollinger Bands narrowing, the market may soon choose a direction, currently biased toward weak consolidation. 🔴 Resistance Levels: 3328–3330 / 3335–3340 🟢 Support Levels: 3311–3315 / 3300–3280 ✅ Trading Strategy Reference: 🔻 Short Position Strategy: 🔰Consider entering short positions in batches if gold rebounds to the 3327–3330 area. Target: 3305-3295；If support breaks, the move may extend to 3280. 🔺 Long Position Strategy: 🔰Consider entering long positions in batches if gold pulls back to the 3280-3285 area. Target: 3295-3305；If resistance breaks, the move may extend to 3315. 🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
OANDA:XAUUSD
by GoldTradingPros
Elliott Wave Analysis – XAUUSD 20/8/2025 1. Momentum • D1 timeframe: Momentum lines are still “sticking” together, signaling that the bearish pressure is weakening. However, without a strong bullish D1 candle to confirm reversal, there is still a risk of sudden downward spikes. Patience is required until a clear bullish confirmation appears. • H4 timeframe: Momentum is currently turning bullish, suggesting a potential upward move today. But caution is needed: if the bullish candles are short, overlapping each other, and when momentum reaches the overbought zone without breaking the previous high → this move is likely just a corrective rebound. • H1 timeframe: Momentum is in the overbought area, indicating the possibility of a minor pullback or sideways movement in the short term. 2. Wave Structure • D1 timeframe: The corrective triangle structure remains valid (only invalidated if price breaks below 3270). The main scenario continues to favor wave 1 and 2 in blue, with price currently in wave 2. • H4 timeframe: The decline in wave C shows overlapping sub-waves, each formed by 3-wave structures, hinting at the possibility of an ending diagonal for wave C. The pattern is not yet complete, so we need further observation for confirmation. • H1 timeframe: Within the 5-wave structure of an ending diagonal, wave 3 is typically the strongest and a divergence usually occurs between wave 3 and wave 5 on RSI. Yesterday’s decline pushed RSI into the oversold zone, but no divergence has formed yet. Combined with H4 momentum turning bullish, this suggests the current move is likely wave 3 (yellow). A corrective wave 4 upward is expected, followed by a final decline to complete wave 5 with RSI divergence. Once wave 5 ends, the entire wave C diagonal will be complete, paving the way for a strong bullish rally — a typical characteristic of ending diagonals. 3. Trading Plan The strategy is based on the ending diagonal pattern: • Conservative approach: Wait for a breakout above the upper boundary of the diagonal before entering. • Aggressive approach: Wait for wave 5 to complete and enter at the projected bottom of wave 5. Trade setup: • Buy Zone: 3301 – 3299 • Stop Loss (SL): 3219 • Take Profit (TP1): 3314 • Take Profit (TP2): 3362 • Take Profit (TP3): 3381
OANDA:XAUUSDLong
by WavePoint_FX
Gold Update – Asian Session Ahead of FOMCGold Update – Asian Session Ahead of FOMC After yesterday’s sharp decline below 3312, gold found strong support and is now consolidating sideways, building liquidity for the next move. From the current outlook, a short-term rebound is likely before the broader downtrend continues. Looking at structure, the descending channel remains intact with price respecting the trendline, and yesterday’s break out of the triangle formation reinforced the bearish bias. From an Elliott Wave perspective, the market may now be forming wave 4. If this rebound carries price back towards the 3325–3330 zone, it will retest a strong resistance area that has repeatedly capped price before. Should that happen, wave 5 could begin — and by theory, it is often the strongest leg. Fibonacci projections highlight the next support near 3295. If tonight’s FOMC meeting delivers a hawkish outcome in favour of the US dollar, gold could even extend lower towards 3280. For short-term trading, buyers may consider positions near 3316 with a tight stop just below the recent low, aiming to capture the corrective move of wave 4. On the flip side, if price reacts around 3325–3330, this may provide an opportunity to sell into the expected wave 5, with potential targets extending 40–50 dollars lower if momentum strengthens. A sustainable trend always alternates between retracements and impulses. Patience in waiting for the right wave often leads to more effective trades than rushing to pick tops or bottoms. Do you think the FOMC this month will announce a positive interest rate outlook? Share your thoughts in the comments. #XAUUSD #Gold #TechnicalAnalysis #PriceAction #Fibonacci #ElliottWave #MACD #ForexIndia #CommodityTrading #FOMC
OANDA:XAUUSDShort
by BrianLionCapital
XAU/USDThis XAU/USD setup is a buy trade, reflecting a short-term bullish view on gold. The entry price is 3315, the stop-loss is 3312, and the exit price is 3320. The trade seeks a 5-point profit while risking only 3 points, offering a favorable risk-to-reward ratio. Entering at 3315 indicates the trader expects an immediate upward move, possibly supported by short-term demand, a weaker US dollar, or safe-haven flows. This level may also coincide with a minor intraday support zone, where buyers are likely to defend against further declines. The target at 3320 is placed just below a resistance level, allowing profits to be secured quickly before potential selling pressure emerges. This conservative approach ensures gains are locked in without holding the position for extended periods. The stop-loss at 3312 is positioned tightly to minimize downside exposure. This disciplined risk management makes the trade suitable for scalping or short-term strategies, where small but consistent gains matter. Overall, the setup emphasizes precision and strict control over risk.
TVC:GOLDLong
by smohdyusuf66
Gold Analysis and Trading Strategy | August 19-20✅ From the 4-hour chart, the overall trend is in a descending channel, with the successive lower highs (3409 → 3358), indicating a clear bearish trend. The key resistance levels are at 3348 and 3358; only if the price breaks above these levels can the current downtrend be reversed. The current movement is a corrective rebound followed by a continuation of the bearish downward trend, with bears still in control. ✅ From the 1-hour chart, the price is moving within a clear descending channel, with both the upper and lower bounds being well-defined. After hitting the resistance at 3358, the price has pulled back and is currently near the lower channel boundary (around 3317–3323). The recent rebound highs are lower than previous highs (3588 < 3409), suggesting that the bearish structure is continuing. Focus on the 3323–3310 area; if this level is broken, the price may continue to test the lower boundary of the channel. 🔴 Resistance levels: 3335–3340 / 3348–3358 🟢 Support levels: 3323–3310 / 3290-3385 ✅ Trading Strategy Reference: 🔻 Short Position Strategy: 🔰Consider entering short positions in batches if gold rebounds to the 3335–3340 area. Target: 3320-3310；If support breaks, the move may extend to 3300. 🔺 Long Position Strategy: 🔰Consider entering long positions in batches if gold pulls back to the 3310-3300 area. Target: 3335-3340；If resistance breaks, the move may extend to 3345. 🔥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 GoldTradingPros
Part 2 Ride The Big MovesBasic Concepts & Terminology Before going deeper, let’s simplify the core terms in options trading: Strike Price: The fixed price at which the buyer can buy (call) or sell (put) the asset. Expiry Date: The date on which the option contract expires (e.g., weekly or monthly). Option Premium: The cost paid by the buyer to the seller for getting this right. Lot Size: Options are traded in lots, not single shares. Example: Nifty option lot = 50 units. In-the-Money (ITM): When exercising the option is profitable. Out-of-the-Money (OTM): When exercising the option is not profitable. At-the-Money (ATM): When the strike price = current price of the underlying asset. Example: Suppose Reliance is trading at ₹2,500. A Call option with strike 2,400 is ITM (because you can buy at 2,400, lower than 2,500). A Put option with strike 2,600 is ITM (because you can sell at 2,600, higher than 2,500).
TVC:GOLDEducation
by SkyTradingZone
2
XAUUSD Gold Trading Strategy August 19, 2025XAUUSD Gold Trading Strategy August 19, 2025: Gold's range remains narrow, closely monitoring the progress of ceasefire negotiations in Ukraine. Basic news: Yesterday, August 18, according to Rueter, US President Donald Trump told Ukrainian President Zelenskiy that the United States will support Ukraine's security in any agreement to end Russia's war in Ukraine. Gold reacted quite mildly when no message of real weight was released, and market sentiment was still very hesitant, currently spot gold is trading around $3,335/oz, equivalent to an increase of about $2 on the day. Technical analysis: Yesterday's bullish pattern of gold is still maintained when gold prices approach our Plan 1 area and increase again. However, the increase is not strong, it is very likely that today the gold price will still maintain a slight fluctuation in the area of 3325 - 3350. When the gold price breaks the pattern, it will fluctuate very strongly, we will continue to wait to buy mainly in the area around 3300. Important price zones today: 3325 - 3330, 3300 - 3305 and 3345 - 3350. Today's trading trend: BUY. Recommended orders: Plan 1: BUY XAUUSD zone 3328 - 3330 SL 3325 TP 3333 - 3340 - 3360 - 3390. Plan 2: BUY XAUUSD zone 3300 - 3302 SL 3297 TP 3305 - 3315 - 3335 - 3370. Plan 3: SELL STOP XAUUSD zone 3320 - 3322 SL 3325 TP 3317 - 3307 - 3300. Wish you a safe, successful and profitable trading day.🌟🌟🌟🌟🌟
OANDA:XAUUSD
by wargocue
XAUUSD Gold Trading Strategy August 19, 2025XAUUSD Gold Trading Strategy August 19, 2025: Gold's range remains narrow, closely monitoring the progress of ceasefire negotiations in Ukraine. Basic news: Yesterday, August 18, according to Rueter, US President Donald Trump told Ukrainian President Zelenskiy that the United States will support Ukraine's security in any agreement to end Russia's war in Ukraine. Gold reacted quite mildly when no message of real weight was released, and market sentiment was still very hesitant, currently spot gold is trading around $3,335/oz, equivalent to an increase of about $2 on the day. Technical analysis: Yesterday's bullish pattern of gold is still maintained when gold prices approach our Plan 1 area and increase again. However, the increase is not strong, it is very likely that today the gold price will still maintain a slight fluctuation in the area of 3325 - 3350. When the gold price breaks the pattern, it will fluctuate very strongly, we will continue to wait to buy mainly in the area around 3300. Important price zones today: 3325 - 3330, 3300 - 3305 and 3345 - 3350. Today's trading trend: BUY. Recommended orders: Plan 1: BUY XAUUSD zone 3328 - 3330 SL 3325 TP 3333 - 3340 - 3360 - 3390. Plan 2: BUY XAUUSD zone 3300 - 3302 SL 3297 TP 3305 - 3315 - 3335 - 3370. Plan 3: SELL STOP XAUUSD zone 3320 - 3322 SL 3325 TP 3317 - 3307 - 3300. Wish you a safe, successful and profitable trading day.🌟🌟🌟🌟🌟
OANDA:XAUUSD
by fludaytoo
XAUUSD: Support Broken? Bearish Trend Continues!XAUUSD is currently trading in a clear downward channel on the H4 timeframe . After failing to break the resistance at 3,360 , the price reversed and is now testing the important support level at 3,320 . This support level has been tested multiple times in the past weeks. If this support is broken, the bearish trend could continue, with the next targets at 3,300 and 3,280. The market structure remains weak, with lower highs and lower lows , confirming that the selling pressure is dominant. If the price fails to hold the 3,320 support level, the likelihood of further declines towards lower support levels is very high. It’s crucial to closely monitor price action at these support levels. Stay tuned to market developments and prepare your trading strategy accordingly, as everything is shifting towards a stronger bearish move !
OANDA:XAUUSDShort
by Rocky_trade_
5
Gold Analysis and Trading Strategy | August 19✅ Fundamental Analysis Recently, due to the progress made in the "Puzey Summit" driven by Trump, Ukraine has given up its preconditions for a ceasefire, and the U.S. and Europe have committed to providing security guarantees. This has led to a cooling of market risk aversion, significantly easing the pressure for gold bulls to cover, and resulting in a technical shift toward a bearish consolidation in gold prices. ✅ Technical Analysis 🔸 On the daily chart, gold closed with a long upper shadow, forming a shooting star candlestick pattern, suggesting that the recent rebound might be over and that there could be further downside potential. Based on this pattern, gold is expected to encounter resistance at higher levels today, and after any rebound, the bearish trend may resume. 🔸 On the 4-hour chart, the price shows a downtrend, with MACD in the negative territory and both the MACD line and signal line pointing downwards, indicating strong bearish momentum. The price is approaching the lower band of the Bollinger Bands, suggesting potential oversold conditions, which may lead to a possible rebound. 🔴 Resistance levels: 3346–3352 🟢 Support levels: 3323–3309 ✅Currently, gold is at the end of a consolidation phase. If it breaks above 3360, it could open up an upside target toward 3405. However, if it breaks below 3320, it may accelerate downward towards 3282. ✅ Trading Strategy Reference: 🔻 Short Position Strategy: 🔰Consider entering short positions in batches if gold rebounds to the 3348-3350 area. Target: 3335-3325；If support breaks, the move may extend to 3310. 🔺 Long Position Strategy: 🔰Consider entering long positions in batches if gold pulls back to the 3323-3325 area. Target: 3335-3340；If resistance breaks, the move may extend to 3345. 🔥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 GoldTradingPros
Gold Outlook – Buying as the Main ThemeGold Outlook – Buying as the Main Theme Gold continues to move in line with previous analyses. Earlier today in the Asian session, the market saw a quick dip due to liquidity being cleared during the daily one-hour break. However, price quickly recovered, broke through the 3339 resistance, and confirmed that buying momentum has returned, strengthening the short-term bullish trend. Expectations for a new Elliott wave cycle are gradually taking shape. At this point, wave 3 is considered to have begun — typically the strongest phase with greater momentum and wider price swings. This supports the scenario of a medium-term bullish outlook. Price remains above the key EMA levels, confirming that the long-term trend is intact. The breakout above 3339 reinforces buyer strength and opens the way towards Fibonacci extension targets at 2.618 and 3.618. MACD also maintains positive momentum, while Elliott structure suggests that wave 3 still has room to extend further. As long as gold holds above the 3336–3338 zone, this remains a reasonable area to consider buying. A minor pullback around this level would offer an even better opportunity to join the trend, with a stop-loss of about 6 dollars to manage risk effectively. When price approaches Fibonacci extension targets, traders may consider partial profit-taking or look for short-term selling opportunities. This approach will be suitable given how far wave 3 has already extended. It is important to monitor price reactions around the extension zones. Higher timeframes such as H1–H4 should be prioritised to capture the broader structure and avoid market noise. A strong trend never moves in a straight line; it always comes with pauses and retracements. Staying patient and riding with the main trend is often the best way to maximise profits in the medium term. #XAUUSD #Gold #TechnicalAnalysis #PriceAction #Fibonacci #ElliottWave #MACD #Forex #IndiaTrading
OANDA:XAUUSDLong
by BrianLionCapital
Gold Update: Range Trading with Bearish UndertoneAfter last week decline,gold has entered a consolidation phase within a well-defined range. The current support is at around 3330, which coincides with last week's low and also serves as the monthly pivot point, providing a strong foundation for short term. On the upside, resistance is at 3350-3355, which aligns with the current week's pivot level, creating a ceiling that sellers are defending. The price action within this tight range suggests that market participants are taking a breather after the recent selling pressure, with both bulls and bears showing restraint as they assess the next move. The way gold is trading within these boundaries gives the impression that energy is building up, much like a coiled spring ready to release. This type of consolidation pattern often precedes a significant directional move, as market forces accumulate before choosing their next path. The technical setup indicates that we're likely approaching a critical range where gold will need to make a decisive break either above or below this range. A breakout above the 3350-3355 resistance zone could signal renewed bullish momentum and attract fresh buying interest, while a breakdown below the 3330 support level might open the door for further downside pressure.Looking at the weekly and daily price action, the bears seem to have the upper hand in the current scenario. The recent decline from higher levels has created a bearish tone, and importantly, we haven't seen any major reversal signals that would suggest a strong buying opportunity at these current range levels
OANDA:XAUUSDShort
by TheGoldenCircle
Elliott Wave Analysis – XAUUSD 19/8/2025 1. Momentum • D1 timeframe: Price is still waiting for confirmation of a bullish reversal in the oversold zone. The current decline has lasted for 7 daily candles, which is usually sufficient for a corrective wave → suggesting the down move is in its final stage. • H4 timeframe: Momentum is preparing for a bullish reversal in the oversold zone. We can expect 4–5 bullish H4 candles ahead, indicating a possible upward move today. • H1 timeframe: Momentum is tightening in the overbought zone. o If price makes a strong rally above 3343, the bullish move will be confirmed. o If price continues to consolidate sideways, a downward liquidity sweep may occur before pushing higher. 2. Wave Structure • D1 timeframe: Expectation remains that the abcde red triangle correction has been completed. The market is likely forming waves 1 and 2 (blue) of a new 5-wave bullish sequence. • H4 timeframe: The red ABC correction has already reached its first target at 3322. Combined with reversal signals on D1 and H4, this level could mark the bottom of wave C red or wave 2 blue. • H1 timeframe: After a strong rally yesterday, price is now in a deep pullback. This is likely wave 2 red, following the completion of wave 1 red. o Wave 2 has retraced to the 0.782 Fibonacci level of wave 1, making it a potential ending point. o However, since H1 momentum is still in the overbought zone, another drop is still possible. o If price breaks below 3324, then wave C might still be in progress, with key support zones at 3322 – 3315 – 3300. 3. Trading Plan • Current Buy position 3329–3332 is running with about 100 pips profit → this trade can be held for longer. o TP1: 3343 o TP2: 3362 o TP3: 3381 • If not in position yet, consider a Buy Limit: o Entry: 3333 – 3330 o SL: 3323 o TP1: 3343 o TP2: 3362 o TP3: 3381 👉 Note: If price breaks below 3324, I will update with new entry levels at lower support zones.
OANDA:XAUUSDLong
by WavePoint_FX