Gold Ideas April 16 ahead of Retail sales & Powell's speech

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🟡 XAUUSD – 16 April 2025 Trading Ideas

Timeframe: 1H (with 5m-15m confirmation)

Bias: Cautiously Bearish – Waiting for retrace or trap setup

Market Context:
Gold exploded during Asian session—currently hovering above 3280, showing early weakness

Price is extended deep into premium, with key resistance around 3290–3298

A retracement into 3,261–3,245 is likely, especially ahead of NY news

Lower timeframes showing slowdown & FVG gaps waiting to be filled

🔻 Sell Zone (Riskier Pre-News Entry)
Entry: 3288 – 3292

SL: 3300

TP1: 3270

TP2: 3250

TP3: 3240–3235

Reasoning:

Price swept 3280s liquidity

Frankfurt may fake breakout highs before NY data

Heavy imbalance and clean downside path to 3245 if structure breaks

Look for M-pattern / bearish engulfing on 5m

🔼 Buy Zone (Healthier Pullback Setup)
Entry: 3261 – 3245 (watch for reaction)

SL: Below 3230

TP1: 3280

TP2: 3292

TP3: 3300–3310 (if news aligns)

Reasoning:

Untapped demand + FVGs on 1H/5m

Clear signs of previous breakout zone

Needs bullish confirmation—no blind buys

📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.

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