XAU/USD) Back support level Read The captionSMC trading point update
Technical analysis of XAU/USD (Gold Spot vs U.S. Dollar) – 2H Timeframe:
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XAU/USD Bearish Rejection from Resistance – Short-Term Sell Setup
Key Observations:
1. Rejection from Upper Channel & Resistance Zone:
Price was rejected sharply after touching the upper boundary of the ascending channel and the newly established resistance zone (~3400–3420).
A strong bearish candle confirms selling pressure at the top.
2. Support Retest in Progress:
The price is currently descending toward the EMA 200 and the KYY support zone (approximately 3343–3348).
The previous bounce originated from this level, making it a significant retest zone.
3. EMA 200 as Confluence:
The 200 EMA (currently at 3346.92) aligns with the support zone, increasing the likelihood of a bounce or at least temporary pause in bearish momentum.
4. RSI Bearish Signal:
RSI has dropped below 50, confirming a momentum shift toward the downside.
Still above oversold territory, suggesting more downside room.
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Trade Idea:
Bias: Bearish (Short-Term)
Entry Zone: Around 3390–3400 (confirmed rejection area)
Target Zone: 3348 – 3343 (KYY support + EMA 200)
Stop Loss: Above 3425 (just above resistance zone)
Mr SMC Trading point
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Summary:
Gold has faced a clear rejection at a key resistance zone within an ascending channel, and is now targeting the EMA 200 and previous structural support. Short opportunities could be considered toward the 3343–3348 zone, with RSI and price action supporting the move.
Please support boost 🚀 this analysis)
Goldprice
XAUUSD - Overtrading and Revenge Trading - Trading PsychologyFrom Chaos to Control: Mastering the Art of Balanced Trading on Gold
Trading gold is exhilarating. It’s fast, volatile, emotional — and addictive.
But what most traders don’t realize is this: it’s not the market killing your account.
It’s you, pressing buy and sell like it’s a video game.
Over-trading is the silent account killer. It doesn’t scream. It whispers:
“Just one more entry.”
“Maybe this one will finally run.”
“Let me scalp this quick pullback…”
Before you know it, you’ve taken 12 trades by noon and your brain’s fried.
🧠1. Why Over-Trading Happens: The Dopamine Delusion
Over-trading isn’t just a strategy flaw. It’s chemical. Your brain rewards anticipation of profit — not just actual wins.
So every setup, every near-miss, every “maybe I missed the move” spikes your dopamine.
That’s why you keep clicking. Not because you saw a valid setup.
Because your brain craves the rush of imagining one.
This is why traders enter in zones they never marked, skip confirmation, and rush into impulsive entries.
The market didn’t give a signal. Your nervous system did.
📉2. The Real Damage: Not Just Losing Trades — Losing Discipline
Over-trading ruins more than your account. It ruins your edge.
• You stop following your plan
• You chase liquidity like a gambler
• You get shaken out of clean zones
• You increase risk, just to “make it back faster”
And worst of all? It feels productive.
But profits don’t come from activity. They come from precision.
If you don’t reflect about your actions, you repeat the bad ones.
💸3. The Financial Fallout: Over-Trading Blows Up Accounts
Over-trading nukes your capital.
• One extra trade becomes five
• SL gets wider or invisible because your entry was rushed
• Lot size gets heavier to “speed up” recovery
• Now you’re emotional, and revenge mode kicks in...
You’re not compounding anymore.
You’re compounding mistakes.
This is how smart traders blow up challenge accounts.
This is how funded accounts get revoked.
This is how small accounts die before they grow.
Over-trading is a trap with a $0 exit.
✅4. Tactical Fixes: Trade Smart, Live Smarter
✔️ Set a daily trade cap.
Limit yourself to 2–3 trades. If you keep entering, it’s not analysis — it’s compulsion.
✔️ Split your daily risk.
Risking 0.3% total? That doesn’t mean 0.3% per trade. Break it down, or you’ll break your account.
✔️ Set alerts — not alarms in your brain.
Stop watching every candle like it’s a soap opera.
Set TradingView alerts at your key zones and walk away.
The market doesn’t move faster just because you're glued to the screen.
✔️ Take real breaks — not just chart scrolling.
Go outside. Call someone or send time with family and friends. Eat good food.
Most traders come home from work and go right back into charts like it’s their second shift.
That’s not discipline. That’s burnout.
✔️ Build a life that doesn't revolve around entries.
The more you lose, the more you trade. The more you trade, the more you spiral.
It’s just like alcohol, drugs, gambling. Dopamine up. Reality down.
And the worst part? It looks like hard work from the outside — but it feels like slow death inside.
🧨5. From Over-Trading to Revenge Mode
If over-trading is the first crack in your foundation, revenge trading is the wrecking ball.
And it never starts from logic. It starts from pain.
You had a clean setup.
You got stopped out — maybe twice.
Now you're frustrated, humiliated… embarrassed.
You’re no longer reacting to price.
You’re reacting to loss.
Revenge trading doesn’t feel chaotic in the moment.
It feels righteous.
You convince yourself, “I just need one win to get it all back.”
😵💫6. The Emotional Spiral Traders Don’t Talk About
Over-trading and revenge trading are addictive.
You’re showing up to work. You’re posting charts. You’re pretending it’s fine.
But deep down?
You're wrecked. Emotionally, financially, and mentally.
This is the side of trading no one glamorizes.
The isolation. The loneliness. The pressure. The self-blame.
This is how people burn out — not from one bad week.
But from trying to trade their way out of pain.
⚠️ Final Word
Over-trading is not a badge of hustle.
It’s the first step toward emotional dependence on the market.
And that’s the most expensive habit you’ll ever form.
If you don’t catch it early, you’ll keep blaming the market, the spread, the broker…
when the real damage was done by your own reaction.
The market doesn’t owe you anything.
So be kind to yourself and build discipline, you will win in the long run.
If this lesson helped you today and brought you more clarity:
Drop a 🚀 and follow us✅ for more published ideas.
Gold - The final resistance breakout!Gold - TVC:GOLD - prepares a final rally:
(click chart above to see the in depth analysis👆🏻)
Over the past 12 months, Gold rallied more than +70%. However the past three months clearly rejected a major horizontal resistance. But price action on the smaller timeframe remains incredibly bullish. Therefore an all time high breakout will most likely follow.
Levels to watch: $3.500
Keep your long term vision!
Philip (BasicTrading)
Gold-----Sell near 3405, target 3390-3360Gold market analysis:
Yesterday's daily line closed with a big negative line, which was basically a day to kill the buying. Today's idea is to sell in the short term. The daily and weekly trends have not yet turned to selling. Although the daily line closed with a big negative line yesterday, its shape and indicators have not completely turned to selling. There is still motivation to buy in the later stage. In addition, Iran and Israel are still fighting. It is still difficult to see a deep decline in the short term. We estimate that today's Asian session will rebound slightly and then fall. If today's daily line continues to fall again, it may enter a new short-term selling mode. We are just a follower. We follow the short-term. If the short-term trend is bearish, we will rebound and sell. The daily line closes the negative Asian session and waits for the opportunity to sell.
In the Asian session, we pay attention to the suppression of the 3410 position. It is the suppression position of the shape, the suppression position of the 1-hour moving average, the central axis position of yesterday's big drop, and the suppression position of the daily line. If the Asian session stands on 3410, it may bring a new technical rise in buying. After all, the shape of the daily line is still buying. Secondly, if it breaks 3382, it can continue to sell it with a small rebound. 3405 is also a suppression, and it is also considered to sell when it is close.
Pressure 3405 and 3410, support 3282, the strength and weakness dividing line 3400.
Fundamental analysis:
Yesterday, Iran and Israel started bombing each other again, and the situation began to escalate.
Operation suggestion
Gold-----Sell near 3405, target 3390-3360
The Fed’s decision may guide the direction of gold
💡Message Strategy
Gold prices fell more than 1% as traders locked in profits after hitting an 8-week high, with attention turning to the Fed's policy decision and diplomatic signals from Iran. The move puts gold on track to form a bearish closing price reversal pattern, suggesting further consolidation if no new safe-haven demand emerges.
Safe-haven demand stagnates as Israel-Iran tensions ease
Geopolitical risks from the ongoing Israel-Iran conflict have been one of the key drivers of gold's recent gains. However, as reports emerged that Iran was willing to restart nuclear talks through an Arab intermediary, market reaction became muted.
These developments led to a more than 3% drop in crude oil prices and eased inflation concerns. Despite the continued tensions in the Middle East, the change still limited further gains for gold. U.S. Treasury yields were almost flat on the day, reflecting a decline in the market's urgent demand for traditional safe-haven assets.
A weaker dollar failed to support gold's gains
The U.S. dollar index (DXY) fell to 97.685, just above last week's multi-year low. Bearish sentiment persists, and new short positions may curb any rebound.
Gold's failure to rise despite a weaker dollar indicates overall hesitation in the market. Analysts pointed out that the lack of safe-haven inflows into the dollar and U.S. Treasuries highlights that traders are more focused on upcoming central bank guidance than geopolitical factors.
Fed outlook will dominate short-term price action
Traders are now awaiting the Fed’s decision on Wednesday, with expectations that interest rates will remain unchanged, but forward guidance will be key.
Gold could face new pressure if Fed Chairman Powell turns hawkish or suggests that interest rates will remain high for a long time. Any signs of policy normalization could boost the dollar and weaken gold’s appeal. However, a dovish tone or concerns about the persistence of inflation could strengthen support for gold near technical key levels.
Gold price forecast: If the $3310 range support is effective, the bullish trend remains
📊Technical aspects
From a technical perspective, gold is testing a key support area. A drop to around $3,380 could trigger new buying; if this level is lost, it will further test the $3,350 support level.
On the upside, resistance is close to $3,450, and if bullish momentum resumes, the all-time high of $3,500.20 is still possible.
For now, the forecast maintains a cautiously bullish tone, provided that the $3,310 support level remains solid and the Fed avoids turning hawkish.
💰 Strategy Package
Long Position:3375-3380
Short Position:3410-3420
After breaking KEY DAY yesterday, it is very likely ATH in weekGold prices are being directly affected by the Israel-Iran tensions, the risk of trade conflicts due to the new US tariff policy, and concerns about slowing global economic growth. However, gold prices suddenly fell in the context of improving risk appetite of investors as they get used to the "new normal".
Daniel Pavilonis, senior commodities broker at RJO Futures, commented that if this rally starts to lose momentum, it could be a double top pattern for gold. Giving advice to investors, according to Mr. Pavilonis, they should start considering reducing their gold position at this time if they missed the opportunity to take profits at $3,509. When gold is peaking, investors see other markets moving higher, such as silver, platinum and palladium.
Best regards, StarrOne !!!
Citigroup predicts a decline in gold prices? Blacklisted?Information summary:
Citigroup analysts predict that by the second half of 2026, gold will fall back to around $2,500-2,700, with a significant reduction in investment demand, improved global economic growth prospects, and a decline in the factors that led to the rise in gold prices due to the Fed's interest rate cut.
My point of view is: blacklist Citigroup. Since last year, they have predicted that the highest point of gold prices will exceed $4,000, and they have constantly changed the forecast point in the middle, and now they even point out that the price will fall below $3,000, which is completely unreliable.
Market analysis:
In the early Asian session, it also rose strongly, and it seems that there is a lot of upward momentum, but $3,405 is the pressure position for the top and bottom conversion, and the rise in the morning is a lure. At this position, it fell rapidly, reaching a minimum of around $3,373.
The Asian market seemed to rebound strongly in the morning, but the MA5 and MA10 moving averages showed a downward trend. This kind of market cannot wait for a decline to go long, but it is also a repeated wash-out shock. The first focus below is the 3375-3370 area, followed by 3360. The short-term trend is still dominated by wash-out shocks.
The short-term important focus position is around 3405. 3405 is used as the dividing point between long and short positions. A short-selling strategy is carried out near this position. Pay attention to the 3375-3360 area below.
Gold Pulls Back After Testing Resistance📊 Market Overview:
Gold fell to a low of $3,374 earlier today after testing the $3,434 resistance late last week. The drop was primarily due to profit-taking near recent highs, alongside a mild recovery in the US dollar. Despite this pullback, the medium-term uptrend remains supported by expectations of upcoming Fed rate cuts and persistent geopolitical tensions in the Middle East.
📉 Technical Analysis:
• Key Resistance: $3,434 – $3,450
• Nearest Support: $3,374 – $3.360
• EMA: Price remains above both EMA 09 and EMA 20, suggesting a continuation of the short-term bullish trend.
• Candlestick / Volume / Momentum:
o RSI is holding around 61–63, no longer in overbought territory.
o MACD remains positive, though upward momentum has slowed.
o Bearish candles during the Asian session suggest lingering sell pressure near $3,430. A technical rebound from $3,374 is currently underway.
📌 Outlook:
Gold may consolidate between $3,370–$3,390 in the near term. If the $3,360 support holds, a rebound toward $3,420–$3,440 is likely. However, a stronger USD could increase downside pressure.
💡 Suggested Trade Strategy:
🔻 SELL XAU/USD at: $3,410 – $3,420
🎯 TP: $3,385
❌ SL: $3,430
🔺 BUY XAU/USD at: $3,374 – $3,378
🎯 TP: $3,400 – $3,420
❌ SL: $3,360
Gold maintains bullish trend
💡Message Strategy
Gold rebounded in shock before the US market, and the market rose. Previously, gold recorded the largest single-day drop in a month (1.4%) on Monday. After the sudden situation in the Middle East and US President Trump's warning to Tehran, the market's risk aversion demand heated up again, pushing gold prices to rebound in the Asian session.
The two-day interest rate meeting of the Federal Reserve has also become the top priority of the market. Tensions in the Middle East have heated up again. According to Reuters, Israel's air strikes on Iran's state-run TV station, Iran's threats to launch the most violent missile attack in history, and the fire of three oil tankers near the Strait of Hormuz have caused market concerns about the escalation of geopolitical conflicts. US President Trump left the G7 summit early and convened a national security meeting, which increased market risk aversion.
At the same time, ETF holdings have increased significantly. Data shows that ETFs increased their gold holdings by 136,000 ounces on the previous trading day, and the net purchase volume has reached 6 million ounces this year, reflecting that funds still have strong confidence in the future of gold. SPDR Gold ETF recorded a single-day net inflow of US$285 million last Friday, the largest scale in weeks.
In the US macroeconomics, the market generally expects the Federal Reserve to keep interest rates unchanged this week, but the focus is on Powell's speech and changes in the dot plot. As expectations of further interest rate cuts in 2025 heat up, the US dollar is still under pressure near a three-year low, and analysts believe that this will form structural support for gold in the medium term.
📊Technical aspects
The gold daily candlestick chart shows that the current trend is in a typical "rising wedge" pattern. Prices have been rising steadily along an upward trend line this year, while the upper side is suppressed by strong resistance in the 3420-3430 area. The current market is in a wait-and-see state.
The current gold market sentiment is in a "highly sensitive" stage. On the one hand, risk aversion once pushed gold to rebound rapidly, reflecting the market's extremely high pricing sensitivity to geopolitical risks; on the other hand, traders are still uncertain about the outlook for the Fed's policy, and the expectation that interest rates will remain unchanged has been fully priced in, but there are large differences in the future path of interest rate cuts.
If the results of the FOMC meeting are hawkish or Powell sends a signal that there will be no interest rate cut, and the market's risk aversion sentiment eases, gold may fall back to the key support area of 3350-3360 US dollars. Traders are closely watching the changes in the Federal Reserve's monetary policy and geopolitical situation, and at the same time be alert to the risks of "false breakthroughs" and sharp pullbacks.
💰 Strategy Package
Trend: Upward trend
Support: Around 3360.00
Resistance: Around 3420.50
Long Position:3365-75
Stop loss at 3350, take profit around 3400-3420, and trailing stop loss of 300 points.
Is gold a short-term correction or a bull market turning point?Market news:
The London gold price has experienced a significant correction after hitting an eight-week high. Spot gold fell more than 1% on Monday, wiping out all the gains of last Friday. However, the escalation of geopolitical tensions in the Middle East, especially the continued conflict between Israel and Iran, still provides support for international gold prices. The upcoming Federal Reserve policy meeting has become the focus of market attention.The continued tension in the Middle East is an important driving factor for the recent fluctuations in spot gold. The conflict between Israel and Iran has escalated significantly since June 12. Israel's air strikes on the Iranian National Radio and Television Building and the Natanz uranium enrichment plant have caused serious damage to Iran's nuclear facilities. In addition to geopolitical factors, the policy trends of the Federal Reserve also have an important impact on international gold.For gold, the Federal Reserve's maintenance of high interest rates usually puts pressure on its price, because gold, as an interest-free asset, is less attractive in a high-interest rate environment. However, geopolitical risks and rising inflation expectations may offset some of the negative impacts, causing gold prices to remain volatile in the short term. Investors should pay close attention to the latest developments in the situation between Israel and Iran, the results of the G7 summit, and the Federal Reserve's economic forecasts, while being wary of the short-term impact of market sentiment and technical factors on gold prices. The monthly rate of US retail sales (commonly known as "horror data") will also be released on this trading day, and investors also need to pay close attention!
Technical review:
Technically, the daily price of gold is still running above the MA10/7-day moving average at 3364, the RSI indicator is above the value of the middle axis 50, and the price is running in the upper track of the Bollinger Band channel. The short-term four-hour chart MA10/7-day moving average high 3420 dead cross opens downward, the price pulls back to the middle track of the Bollinger Band, and the RSI indicator retreats to the middle axis. The short-term formation is a bearish shock and fall, but the gold price is still in the buying structure channel on the daily and weekly charts. The main idea of today's trading is to sell at a high price and buy at a low price! Gold began to pull back when the situation eased. The fermentation of this round of news was relatively restrained by large funds, and did not test the high point of 3500 upwards. Overall, the increase in gold prices was not large, and there was still a process of pulling. The fundamentals have not changed, and gold is still in a bull market. As we said before, if we keep above the key point of 3400, gold will continue to be bought. Now that it has fallen below 3400, the short-term has gone out of the small-level top, and the market is no longer so strong. For our short-term operations, the short-term correction of gold prices should focus on the daily cycle MA5 support and the weekly level MA5 support to buy!
Today's analysis:
Gold continues to weaken in the short term. After the rapid decline last night, the rebound strength is not strong at all. It is obvious that there is a large selling pressure above. For the market that broke the original upward trend, we also said last night that the decline is not very large. It just changed from buying to shock. Our intraday operations can be sold in the short term first!Although gold has fallen below 3400, the short-term direction has changed, but the general direction has not changed. It is still buying. In the future, we still have the opportunity to look at the high point of 3500, but we have to wait for the bottom to stabilize before we go to buy the bottom. I will say later that in the current market, we can only follow the trend. We will do whatever the market goes!
Operation ideas:
Buy short-term gold at 3383-3385, stop loss at 3372, target at 3420-3440;
Sell short-term gold at 3420-3423, stop loss at 3432, target at 3390-3370;
Key points:
First support level: 3383, second support level: 3372, third support level: 3353
First resistance level: 3418, second resistance level: 3430, third resistance level: 3450
Geopolitics and Fed policies dominate the trend of gold prices
📌 Gold news
On Monday, boosted by the risk aversion of the Iran-Israel war, the gold price hit a high of 3452, but the continuity was not strong, and a series of other adjustments appeared; let's briefly sort it out:
1: Adjustment: Adjustment is normal. If the market rises, if the risk aversion does not continue to exert force, then the gold price can only return to technical adjustments. Therefore, Monday's adjustment trend and the decline trend are normal!
2: Risk aversion trend: The risk aversion trend will not be reversed for the time being! Once the war starts, it will not end easily; unless the interests of both sides are not damaged, the two sides agree to a ceasefire, but at present, the hope and probability are relatively small, so the risk aversion trend is the mainstream of the current global market;
3: The direction of the Iran-Israel war is nothing more than a few possibilities:
A: The war expands, the surrounding countries stand in line, and the US and Western imperialism join the battlefield; the war expands rapidly! At the same time, Iran is forced to block the Strait of Hormuz! This is a manifestation of escalating war;
B: Both sides, as well as the forces behind them, have calculated their interests, reached an agreement, and agreed to end the war conflict; this mainly depends on Iran's attitude; is it "powerful and unyielding", continuing to oppose the United States and imperialism; or is it pro-American, completely changing its identity, or changing its identity to submit to Israel and the United States;
To sum up: risk aversion eased slightly on Monday, but the overall global market is still risk-averse; technical adjustments are normal trends; but don't completely ignore the importance of risk aversion and risk aversion control because of technical adjustments; in addition, the subsequent results of the Middle East war are nothing more than the above two; what determines all this is the attitude of both sides;
📊Comment Analysis
Although the gold price fell below 3400 and the short-term trend changed, the general direction still remains bullish. In the future, it is still expected to hit the high point of 3500, but it is necessary to wait patiently for the bottom to stabilize before choosing the opportunity to buy the bottom. The current market is changing rapidly, and investors should adhere to the principle of following the trend and flexibly adjust their trading strategies.
💰Strategy Package
Short-term gold 3383-3393 long, stop loss 3372, target 3420-3440;
Short-term gold 3420-3430 short, stop loss 3435, target 3390-3370;
⭐️ Note: Labaron hopes that traders can properly manage their funds
Will ASIA favor BULLS or BEARS?Two “if-this-then-that” scenarios
If price pushes above the recent swing high (~3 430–3 435)
→ Look for a move toward the 50% retracement zone at 3 415–3 416 (our next upside target).
If price drops below the recent swing low (~3 356–3 357)
→ It’ll likely slide down to the 21-day EMA at 3 342, which has acted like a magnet/bounce area.
Why the 21-day EMA matters
It’s sloping up beneath price (green trendline), so dips into it often spark fresh buying.
A buy-limit order around 3 342 gives you a low-risk entry with the trend still intact.
Overall bias
As long as gold stays above that rising trendline/21 EMA, the bulls remain in control.
Break the swing high → more upside.
Break the swing low → deeper pullback into support.
Continue the rally, get ready for gold to return to 3443
⭐️Gold News:
Gold prices (XAU/USD) fell for the second consecutive trading day on Tuesday, retreating from the gains in the early Asian trading hours, which had briefly pushed above $3,400. A slight rebound in the US dollar (USD) continued to put pressure on the precious metal, acting as a major resistance. However, the downside for gold seems limited due to escalating geopolitical tensions in the Middle East and growing market expectations that the Federal Reserve (Fed) will further cut interest rates in 2025.
Meanwhile, the ongoing air conflict between Israel and Iran has entered its fifth day, exacerbating concerns about further escalation in the region. This ongoing geopolitical uncertainty supports demand for safe-haven assets such as gold. Investors also remained cautious ahead of the Federal Open Market Committee (FOMC)'s two-day policy meeting, the outcome of which could affect the next move of non-yielding gold.
⭐️Technical analysis:
Gold price gets liquidity from the support level below: 3385, 3373 completed, short-term downward trend breaks, gold price will soon return to above 3400.
Set gold price:
🔥Sell gold area: 3443-3453 SL 3458
TP1: $3435
TP2: $3422
TP3: $3407
🔥Buy gold area: $3358-$3350 SL $3345
TP1: $3368
TP2: $3376
TP3: $3390
Gold continues to fall. Will there be a lower point?Gold is still under pressure at the integer mark of 3400. During the US trading session, the lowest point reached around 3366. For the current trend, it fell below the short-term support area of 3375, so the market has the possibility of further downward movement to test the support of 3350.
Today, Iran launched missiles again, but there was no threat to Israel at all, and all the missiles were intercepted. Under the current trend of further decline, the support position that needs to be paid attention to is 3350. At this position, you can try a long strategy, and the early support point of 3400 above has turned into an upward pressure point.
Short-term operation strategy:
Buy near 3350, stop loss 3340, profit range 3380-3390.
Above, you need to pay attention to the important pressure level of 3390-3400. The market changes violently, and you can take profits at the right position. Avoid rapid changes in market conditions and losses.
GOLD/USD Bearish Rejection at Resistance ZoneGOLD/USD Bearish Rejection at Resistance Zone 📉🟥
📊 Technical Overview:
The chart for GOLD/USD shows a clear price action behavior between a well-defined resistance zone (~3,480–3,510) and a support zone (~3,260–3,280).
🔻 Bearish Signals:
The price has tested the resistance zone multiple times (highlighted with red arrows and orange circles) but failed to break above it, indicating strong selling pressure.
The current price action suggests another lower high formation, which is a bearish signal 📉.
Recent candles are rejecting the upward move, pointing to potential downside movement.
🟩 Support Confirmation:
Previous reactions from the support zone (green arrows) show that buyers have consistently stepped in near the 3,260–3,280 range.
This level remains a key demand zone where a bounce might be expected.
🔁 Outlook:
If the price continues to reject the resistance and follows the pattern, we might see another drop towards the support area.
A break below the support zone would confirm a bearish breakout and could open the door to deeper downside targets.
📌 Conclusion:
GOLD/USD is trading within a range, but the repeated failures at resistance suggest bearish momentum might take control in the short term. A move back toward the support zone is likely unless a breakout above resistance occurs.
📉 Resistance: 3,480–3,510
🟩 Support: 3,260–3,280
🔍 Bias: Short-term Bearish unless resistance breaks
Gold hovers at high levels as the market awaits FOMCOn Tuesday (June 17), spot gold once reached above $3,400 during the Asian session, then fell slightly during the European session, and maintained a high-level volatile trend during the session. Earlier on Monday, gold recorded its largest single-day drop in a month (1.4%). After the sudden outbreak in the Middle East and US President Trump's warning to Tehran, the market's risk aversion demand heated up again, pushing gold prices to rebound in the Asian session. The two-day interest rate meeting of the Federal Reserve has also become a top priority for the market.
Fundamentals
Tensions in the Middle East have heated up again. According to Reuters, Israel's air strikes on Iran's state-run TV station, Iran's threats to launch the most violent missile attack in history, and the fire of three oil tankers near the Strait of Hormuz have caused market concerns about the escalation of geopolitical conflicts. US President Trump left the G7 summit early and convened a national security meeting, which increased market risk aversion.
At the same time, ETF holdings increased significantly. Data showed that ETFs increased their holdings of gold by 136,000 ounces on the previous trading day, and the net purchase volume has reached 6 million ounces this year, reflecting that funds still have strong confidence in the future of gold. SPDR Gold ETF even recorded a single-day net inflow of $285 million last Friday, the largest in weeks.
In terms of the US macroeconomics, the market generally expects the Fed to keep interest rates unchanged this week, but the focus is on Powell's speech and changes in the dot plot. As expectations of further rate cuts in 2025 heat up, the US dollar is still under pressure close to a three-year low, and analysts believe that this will form a structural support for gold in the medium term.
Technical aspects:
The gold daily candlestick chart shows that the current trend is in a typical "rising wedge" pattern. Prices have been steadily rising along an upward trend line this year, while the upper side is suppressed by strong resistance in the 3450-3500 area. The current market is in a wait-and-see state.
There are obvious signs of Bollinger Bands closing, with the upper Bollinger track at $3440.63, the middle Bollinger track at $3317.51, and the lower track has moved up to around $3194.38, reflecting that the market is brewing a breakthrough. The current price is basically running between the upper and middle Bollinger tracks, indicating that it is still in a bullish structure, but once it falls below the middle Bollinger track or the lower edge of the wedge (about $3,330), it may trigger accelerated downside risks. The RSI indicator remains at 55.79, neutral to strong, and has not entered the overbought area.
Comprehensively judged, the analysis believes that the short-term trend is in consolidation, and be alert to the risk of technical reversal. If the support of $3,330 is lost, further downside space will be opened; on the upside, it needs to break through the pressure range of $3,450 before trying the previous high of $3,499.83.
Market sentiment observation
The current gold market sentiment is in a "highly sensitive" stage. On the one hand, risk aversion once pushed gold to rebound rapidly, reflecting that the market has a very high pricing sensitivity to geopolitical risks; on the other hand, traders are still uncertain about the outlook for the Fed's policy, and the expectation that interest rates will remain unchanged has been fully priced in, but there are large differences in the future path of interest rate cuts.
The weak rebound of the US dollar shows that the market does not fully agree with the logic of "hawkish stability maintenance". This contradictory sentiment has caused gold to fluctuate at a high level and has not yet formed a trend breakthrough. The continued increase in ETF holdings provides substantial buying support for gold, which constitutes the optimistic support of the "underlying logic".
In addition, the market is still waiting for the FOMC meeting to release new signals. This "uncertain outlook" constitutes a typical "cautious optimism" market psychology. Traders are more likely to adopt a wait-and-see strategy, further amplifying the importance of technical signals.
Outlook for the future
Bullish outlook: Analysts believe that if the geopolitical situation continues to heat up or the Federal Reserve releases dovish signals, gold is expected to break through the $3,450 resistance area and challenge the previous high of $3,499.83; by then, the momentum of ETF holdings and safe-haven inflows will jointly promote a new round of bullish market.
Short-term outlook: Analysts believe that if the FOMC meeting results are hawkish or Powell sends a signal that he will not cut interest rates, coupled with the easing of risk aversion in the market, gold may fall back to the key support area of $3,330. If it loses this position, it will form a trend reversal signal, with the target down to the lower Bollinger track of $3,194, or even lower.
Overall, the analysis believes that gold is still running in an upward trend structure, but volatility is compressed, and the short-term direction needs to wait for clear signals from the Fed meeting. Traders are closely watching the changes in the Fed's monetary policy and geopolitical situation, while being alert to the risks of "false breakthroughs" and sharp pullbacks. FX:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD PYTH:XAUUSD CMCMARKETS:GOLD
Gold Technical & Fundamental Outlook for Next WeekIn this video, I break down the recent surge in gold prices, what drove the momentum, including rising tensions between Israel and Iran, and the impact of weaker U.S. inflation data that’s pushing Fed rate cut expectations.
Gold is now sitting just below the all-time high of around $3,500. With major U.S. economic events like Retail Sales and the Federal Reserve Interest Rate Decision coming up, this is a key moment for us to prepare.
💥 Will we see a breakout above resistance, or is a healthy dip on the cards before the next move? I’ll walk you through the key levels, the market psychology, and how I’m planning my trades this week.
💡 Make sure to like, comment, and subscribe for more weekly gold and forex market insights.
Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.
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Gold Price Analysis June 16There is not much surprise when the price gap up appeared on Monday morning
there is no barrier that can stop the price of gold from increasing towards ATH.
Gold has a slight correction in Tokyo session after the price gap up touched the round resistance zone 3450.
The correction may extend to 3413 in European session. This is a BUY zone with the expectation that Gold will regain the ATH hook. If broken, there will be some Scalping buy zones but the risk is quite high so to be safe, wait for 3398.
3463 acts as temporary resistance for a reaction period before Gold returns to the all-time high. Maybe before 3490 there will be another price reaction before reaching the top.
Gold May Pull Back Short-Term📊 Market Overview:
After several strong bullish sessions, gold prices are under short-term pressure as geopolitical tensions in the Middle East temporarily ease and the US Dollar shows slight recovery.
While expectations for a steady Fed policy remain, traders are locking in profits after gold tested the $3,445 resistance zone.
📉 Technical Analysis:
Key Resistance: $3,445 – $3,460
Nearest Support: $3,394 – $3,380
EMA 09: Price has dropped below the 09 EMA, signaling a potential short-term bearish shift.
RSI/Candles/Momentum: RSI is pulling back from overbought levels. A red candlestick pattern has emerged after a strong rally, suggesting a technical pullback may be forming. Trading volume is starting to decrease.
📌 Outlook:
Gold may correct lower in the short term toward the $3,390–$3,380 support zone if it fails to reclaim the 09 EMA. However, the medium-to-long-term trend remains supported by safe-haven demand and dovish Fed expectations.
💡 Suggested Trading Strategy:
SELL XAU/USD at: $3,440 – $3,445
🎯 TP: $3,420
❌ SL: $3,455
BUY XAU/USD at: $3,390 – $3,395
🎯 TP: $3,410
❌ SL: $3,380
Gold----Buy near 3417, target 3440-3450Gold market analysis:
The continuous bombing of Israel and Iran for several days has allowed gold to stand on 3400 again. The big tombstone before the weekly line was wiped out, and the weekly line closed with a big positive line again, and formed a positive-enclosing-negative pattern. This is the long-term rebound caused by geopolitical factors. There is an old saying in the market that cannonballs are always worth a lot of gold. We are not sure how long the situation between Iran and Israel will last, but what is certain is that the buying situation is obvious. The next operation is to follow the buying. I estimate that gold will continue to rise this week. In addition, under such fundamentals that control the market, we must strictly carry out each order with a loss. The market will not change the trend because you resist the order. Following the trend is the kingly way.
In the Asian session, we first focus on the hourly support of 3417 and the shape support of 3419. The position of 3417 is also the watershed of strength and weakness in the short term. If it breaks, it will reach around 3407. In addition, 3451 is the top of the daily line. There was a dive at this position before. If the daily line cannot stand on it for a long time, there is also the possibility of another dive. 3407 is a hurdle in the big cycle. If it breaks, it may bring a waterfall drop.
Support 3417, strong support 3407, suppression 3451, the watershed of strength and weakness in the market is 3417.
Fundamental analysis:
There are many fundamental analyses and data in the recent period. Geopolitical factors are the main reason for its violent fluctuations. In addition, there is a holiday in the United States this week, and there is also a Federal Reserve interest rate result.
Operation suggestion:
Gold----Buy near 3417, target 3440-3450
Gold Regains Bullish MomentumGold Regains Bullish Momentum
Gold price started a fresh surge above the $3,375 resistance level.
Important Takeaways for Gold Price Analysis Today
- Gold price started a fresh surge and traded above $3,420 against the US Dollar.
- A key bullish trend line is forming with support at $3,415 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price formed a base near the $3,300 zone. The price started a steady increase above the $3,350 and $3,375 resistance levels.
There was a decent move above the 50-hour simple moving average and $3,400. The bulls pushed the price above the $3,420 resistance zone. A high was formed near $3,450 and the price is now consolidating gains.
On the downside, immediate support is near the $3,415 level and the 23.6% Fib retracement level of the upward move from the $3,301 swing low to the $3,451 high.
Besides, there is a key bullish trend line forming with support at $3,415. The next major support sits at $3,375 and the 50% Fib retracement level of the upward move from the $3,301 swing low to the $3,451 high.
A downside break below the $3,375 support might send the price toward the $3,335 support. Any more losses might send the price toward the $3,300 support zone.
Immediate resistance is near the $3,450 level. The next major resistance is near the $3,460 level. An upside break above the $3,460 resistance could send Gold price toward $3,480. Any more gains may perhaps set the pace for an increase toward the $3,500 level.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Gold rebound continues to be short! (Exclusive trend analysis)Although gold has fallen below 3400, and the short-term direction has changed, the general direction remains unchanged and it is still bullish. In the future, we still have the opportunity to look at the high point of 3500, but we have to wait for the bottom to stabilize before we can buy the bottom. When there is an opportunity to go long later, Charlie will tell you that in today's market, we can only follow the trend. We will do whatever the market does. We will go short first in the rebound in the next two days! FOREXCOM:XAUUSD VELOCITY:GOLD PYTH:XAUUSD