DeGRAM | GOLD fixed below the triangle📊 Technical Analysis
● XAUUSD is forming a bearish descending wedge within a broader symmetrical triangle, facing rejection at 3,310 near prior support-turned-resistance.
● Repeated failure to hold above trendlines and continued lower highs favor a drop toward the 3,246.56 level, with possible overshoot if support breaks.
💡 Fundamental Analysis
● Rising real yields and hawkish Fed tone continue to pressure gold; ISM Manufacturing Prices and NFP loom as next volatility catalysts.
● Reduced ETF inflows and strong dollar on resilient US macro data weigh on demand for non-yielding assets.
✨ Summary
Short bias below 3,310. Breakdown eyes 3,246 → 3,200 zone. Resistance holds while trendline caps recovery.
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Goldsignal
Gold in PRZ + TRZ: Is a Bullish Reversal Brewing(Short-term)?Gold , as I expected in yesterday's idea , fell to the Potential Reversal Zone(PRZ) and started to rise again .
Today's Gold analysis is on the 15-minute time frame and is considered short-term , so please pay attention .
Gold is currently trading in the Support zone($3,307-$3,275) and near the Potential Reversal Zone(PRZ) and Time Reversal Zone(TRZ) .
In terms of Elliott Wave theory , it seems that Gold can complete the microwave C of wave B at the lower line of the descending channel.
I expect Gold to trend higher in the coming hours and rise to at least $3,311 .
Note: Stop Loss (SL) = $3,267
Gold Analyze (XAUUSD), 15-minute time frame.
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The trend is clear, why do I choose to be firmly bullish on goldGold Trend Analysis: Yesterday, the gold market demonstrated strong upward momentum, opening near 3290 before falling slightly to a low of 3281 before fluctuating upward. Boosted by the non-farm payroll data, the gold market surged during the US trading session, reaching a single-day gain of 2.02%, reaching a high of 3363 and closing there. The daily chart formed a long bullish candlestick with a long lower shadow, forming a Morning Star pattern, reinforcing the bullish trend. From the perspective of the cycle structure, the daily level is clearly in the 5-wave upward stage, and the upward trend of the large cycle has not changed. At the indicator level, the daily MACD momentum column (the column below the zero axis) represents the short-selling momentum. Its "gradual shortening" means that the short-selling force is weakening and the downward momentum is gradually fading. It is a potential signal of stopping the decline or rebounding. KDJ is about to form a golden cross between 20-50, which is a signal that short-term bullish power is beginning to increase, and the overall trend is bullish.
The 4-hour level shows typical bullish characteristics: the moving average system is arranged in a bullish pattern, but there is a certain deviation between the short-term price and the moving average. The technical side needs to correct the deviation rate through a callback before continuing to rise. The short-term support below is focused on the line near 3330-3335. This position is both the relay support level in the previous rise and the intersection of the 4-hour moving averages MA10 and MA20, which has strong support strength; the short-term resistance above is focused on the line near 3370-3383. This area is a pressure-intensive area near the previous high point. If it can be effectively broken through, it will further open up upward space. A successful breakout would open up further upside potential. A breakout would further open up the 3400 mark.
For gold trading, the short-term strategy is to buy on dips. If the price pulls back to the 3330-3335 support level, consider entering a long position with a target of 3355-3365. If it reaches 3370-3380, consider a short-term short position with a target of 3350-3340.
Gold Crashing After Hot U.S. Data – More Pain Ahead?Minutes ago, important indices were released from the US , which catalyzed the continuation of gold's downward trend .
Key U.S. Economic Data Just Dropped!
ADP Employment: 104K
GDP q/q: 3.0%
Both came in stronger than expected , signaling that the U.S. economy is holding up better than many thought!
Strong job growth
Solid economic expansion
The result? A stronger U.S. dollar ( TVC:DXY ) and potential downward pressure on Gold .
All eyes are now on FOMC meeting .
Will the Fed still hint at future rate cuts despite the solid data? Or is the easing cycle officially on hold? What is your idea!?
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Gold ( OANDA:XAUUSD ) has already managed to break the Support zone($3,350-$3,326) , Monthly Pivot Point , 50_EMA(Daily) , Support lines , and the lower line of the ascending channel . Also, Gold trading below $3,333 plays an important role for me, which can increase the possibility of a continuation of the downtrend .
I expect Gold to drop to at least the Potential Reversal Zone(PRZ) before the FOMO meeting and if the Support zone($3,307-$3,272) is broken, we can expect further declines to $3,253(Second Target) .
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Information we need to know:
How should the Federal Funds Rate be announced to cause a deeper drop in Gold ?
The Fed needs to take a hawkish stance — meaning:
They keep rates unchanged, but make it clear they intend to keep them elevated for a prolonged period.
They emphasize strong economic data like today's solid ADP and GDP numbers .
They express concern that inflationary risks remain, and cutting rates isn’t on the table anytime soon.
In this case, markets get disappointed, rate cut hopes fade, and gold drops as real yields( TVC:US10Y ) rise and the U.S. dollar strengthens.
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Note: Stop Loss (SL) = $3,340
Gold Analyze (XAUUSD), 4-hour time frame.
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DeGRAM | GOLD reached the $3300 level📊 Technical Analysis
● XAUUSD remains capped below a broken trendline retest near 3,355, while price forms a lower-high inside a descending channel.
● The repeated rejection of the 3,357.83 resistance level, coupled with failed bullish continuation, points to renewed downside toward 3,300 and 3,262.
💡 Fundamental Analysis
● A rebound in the DXY after strong US consumer sentiment and pending home sales adds pressure to gold, reaffirming real-yield strength.
● Traders are reducing long exposure ahead of upcoming NFP data and Powell’s next statement, shifting bias away from risk hedges.
✨ Summary
Short bias below 3,355. Break under 3,320 eyes 3,300 → 3,262. Key breakdown risk if lower trendline fails.
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DeGRAM | GOLD broke the rising channel📊 Technical Analysis
● XAU printed a false break above the 3 400 wedge roof, then sliced back through the rising mid-channel, closing under the wedge base at 3 309 - a classic bull-trap that flips that band into resistance.
● Momentum has rolled over, and the break of July’s micro up-trend opens room to the broad triangle floor/May trend-pivot near 3 246; successive lower-highs since 24 Jul confirm bearish control.
💡 Fundamental Analysis
● Hot US Q2-GDP and sticky core-PCE lifted 2-yr yields to one-month highs, reviving the dollar bid, while cautious ECB guidance tempers euro gold demand.
✨ Summary
Sell 3 309-3 335; hold below 3 309 targets 3 246 ▶ 3 200. Invalidate on an H4 close above 3 366.
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Gold Recovery Setup = Divergence + Support ClusterGold ( OANDA:XAUUSD ) fell to the lower line of the ascending channel and the Support zone($3,350-$3,326) , as I expected in my previous idea .
Gold is currently near a set of Supports .
Supports:
Support zone: $3,350-$3,326
Monthly Pivot Point: $3,333
Potential Reversal Zone(PRZ): $3,339-$3,329
Lower line of the ascending Channel
50_EMA(Daily)
Support lines
In terms of Elliott Wave theory , Gold appears to be completing a bearish wave 5 .
Also, we can see the Regular Divergence(RD+) between Consecutive Valleys .
I expect Gold to rise to at least $3,359 .
Second target: $3,367
Note: Stop Loss (SL) = $3,319
Do you think Gold can break the Support cluster by the end of trading hours?
Gold Analyze (XAUUSD), 1-hour time frame.
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Gold: $3,348.0 Resistance in Focus for BullsFenzoFx—Gold's decline reached the ascending trendline near $3,314.0. The bullish trend remains intact while price holds above the trendline.
Immediate resistance is $3,348.0, and a close above this level could lift the market toward $3,389.0 and potentially $3,451.0, aligning with recent higher-lows.
DeGRAM | GOLD will retest the channel boundary📊 Technical Analysis
● Fresh rejection at the blue resistance line (~3 435) pushed XAU back to the 3 355 mid-band, yet successive higher-lows (green arrows) keep price inside the May-origin rising channel.
● The pullback is probing 3 328-3 355 — confluence of the former flag roof and triangle top; holding this zone should launch another test of 3 400/3 435, with the channel crest targeting 3 500.
💡 Fundamental Analysis
● U-S S&P-Global PMIs softened, nudging 2-yr real yields to three-week lows, while cautious ECB rhetoric limits dollar gains — both supportive for gold.
✨ Summary
Long 3 328-3 355; above that aims 3 400 ➜ 3 435, stretch 3 500. Invalidate on an H4 close below 3 293.
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Gold Fails at Resistance, Elliott Wave Signals Deeper CorrectionGold ( OANDA:XAUUSD ) started to rise after the Richmond Manufacturing Index(Actual:-20/Forecast:-2/Previous-7) index was announced, but failed to break the upper line of the ascending channel and the Resistance zone($3,451-$3,406) .
Gold has now broken through the Support lines and is attempting to break through the next Support lines and Support zone($3,394-$3,366) .
In terms of Elliott Wave theory , it appears that the main wave Y has completed above the ascending channel.
I expect that given the momentum of gold's decline , gold will be able to break the Support zone($3,394-$3,366) and Support lines and fall to at least $3,356 . The next target could be the lower line of the ascending channel .
Note: Stop Loss (SL) = $3,423
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
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DeGRAM | GOLD above the resistance📊 Technical Analysis
● Five successive rebounds (green arrows) from the 4-month rising‐channel base at 3 293 keep the primary up-trend intact while turning the former wedge roof into support.
● Price is compressing inside a 4-day ascending triangle whose ceiling sits at 3 366; a break projects 1 : 1 to the March top/outer channel rail at 3 435.
💡 Fundamental Analysis
● FXStreet notes bullion ETF holdings rose for a second week as softer US PMI prices dragged 2-yr real yields back to early-July lows, trimming the dollar bid.
✨ Summary
Buy 3 345-3 355; triangle breakout >3 366 opens 3 389 then 3 435. Long bias void on an H4 close below 3 293.
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Gold Could Extend Rally if Breaks 3,400📊 Market Overview
Gold is currently trading around 3,400 USD/oz, up approximately +1.41% over the past 24 hours.
The upward momentum is supported by a weakening US Dollar following dovish-leaning remarks from the Fed, along with growing demand for safe-haven assets amid trade uncertainties.
📉 Technical Analysis
• Key Resistance: ~3,400–3,405 USD (psychological zone; a break above could open the path for further gains).
• Nearest Support: ~3,370–3,375 USD, followed by 3,345–3,350 USD, which marks today’s low.
• EMA 09/20: Price is currently trading above both EMA 9 and EMA 20, confirming a short-term uptrend.
• Momentum / Oscillators: RSI is in the overbought zone; MACD and ADX still show a “buy” signal → bullish trend continues, but watch for possible technical pullbacks.
📌 Opinion
The price may continue to rise if it breaks above the 3,400 USD/oz level, especially if the USD remains weak and safe-haven flows continue to support gold. However, if there’s short-term selling pressure or a USD rebound, gold may pull back toward the 3,370–3,375 USD support zone.
💡 Trade Setup
SELL XAU/USD at: 3,400–3,405 USD
🎯 TP: 3,380 USD
❌ SL: 3,410 USD
BUY XAU/USD at: 3,370–3,375 USD
🎯 TP: 3,390–3,395 USD
❌ SL: 3,360 USD
Gold 1H - Retest of channel & support zone at 3340After breaking out of the falling channel, gold is currently retesting its upper boundary — now acting as support. The 3340 zone is particularly important as it aligns with the 0.618 Fibonacci level and high volume node on the visible range volume profile. The price action suggests a potential bullish rejection from this area. With both the 50 and 200 EMA below price on the 1H, the short-term trend remains bullish. The 4H trendline further supports this setup. RSI is cooling off near the neutral zone, leaving room for another leg higher toward the 3377 resistance zone. If 3340 fails, 3324 (0.786 Fibo) becomes the next line of defense. Until then, the structure remains bullish following the successful breakout and retest of the channel.
DeGRAM | GOLD above the resistance level📊 Technical Analysis
● Bulls defended the channel base at 3 333, snapping the intraday falling wedge and reclaiming the broken trend-line; successive higher-lows since 17 Jul signal fresh upside momentum.
● A clean H1 close over the former pivot 3 355 flips the wedge crest into support and activates the measured-move target at the upper horizontal barrier 3 366, with the March swing cap 3 389 next.
💡 Fundamental Analysis
● Softer US jobless-claims trend and Fed speakers’ hints that “policy is restrictive enough” cooled two-year real yields, while PBoC’s June data showed net gold purchases for a fourth month—both underpinning spot demand.
✨ Summary
Long 3 345-3 355; hold above 3 355 targets 3 366 → 3 389. Bias void on an H1 close beneath 3 333.
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Double Top + Zigzag Complete: Are Bears About to Take Over Gold?Yesterday, the financial markets in general, including Gold ( OANDA:XAUUSD ) , acted like a roller coaster after the news of Powell's dismissal . After this news was denied , Gold returned to its main trend, which I published in my previous idea .
Gold is currently re-attacking the Support line , Support zone($3,326-$3,325) and 50_SMA(Daily) .
In terms of classic technical analysis , it seems that gold has formed a Double Top Pattern for support breakdowns, where a Support line breakdown can also be accompanied by a neckline breakdown .
From the perspective of Elliott Wave theory , it seems that Gold has managed to complete the Zigzag Correction(ABC/5-3-5) , and we should wait for the next bearish waves .
I expect Gold to break its supports and move towards $3,290 ; support breaks are best done with high momentum . An important price that can change the direction of Gold's downside is $3,350 .
Note: If Gold breaks the Resistance lines and forms an hourly candle above $3,351(Stop Loss (SL)), we can expect further Gold gains.
Gold Analyze (XAUUSD), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
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DeGRAM | GOLD correction from the resistance line📊 Technical Analysis
● Repeated rejections at the channel mid-band (3 346) and the higher swing-highs marked by red arrows form a descending wedge inside the bigger rising channel.
● Price has slipped back under the intraday up-trend and is tracking a fresh 30 m falling channel; a close below 3 328 completes the bear setup and points to the lower channel rail / former bounce base at 3 296.
💡 Fundamental Analysis
● US retail-sales surprise (+0.5 % m/m) lifted 2-yr Treasury yields while Fed’s Daly warned “inflation progress isn’t enough”, reviving dollar demand and capping bullion.
✨ Summary
Short 3 340-3 345; sustained trade beneath 3 328 opens 3 296 → 3 255. Thesis void on a 30 m close above 3 355.
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Gold Roadmap: Next Stop $3,325 After Ascending Channel Break?Gold ( OANDA:XAUUSD ) failed to touch the Potential Reversal Zone(PRZ) in the previous idea , and I took the position at $3,351 = Risk-free.
Gold is moving in the Resistance zone($3,366-$3,394) and has managed to break the lower line of the ascending channel .
In terms of Elliott Wave theory , with the break of the lower line of the ascending channel, it seems that gold has completed the Zigzag correction(ABC/5-3-5) .
I expect Gold to trend downward in the coming hours and succeed in breaking the Support zone($3,350-$3,325) and attacking the Support line again , and probably succeeding in breaking this line this time.
Note: Stop Loss (SL) = $3,396
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
How to grasp the key trading points of gold?Yesterday, gold tested the 3375 line several times but failed to break through effectively. The selling pressure on the market was obvious, and the price immediately fell back, reaching a low of around 3341. The daily line closed with a long upper shadow, indicating that the bullish momentum has weakened and the short-term market has entered an adjustment phase. From the perspective of the 4-hour cycle, the continuous negative trend has led to the gradual closing of the Bollinger Bands, and the middle track position has temporarily gained support, but the overall market is volatile and weak. Today, we will focus on the 3354 watershed. If the rebound fails to effectively stand at this position, the pressure on the upper side will still be strong, and there is a risk of a short-term decline.
Key technical positions: upper resistance: 3365, 3354, lower support: 3340, 3330. In terms of operation rhythm, it is recommended to deal with it with a high-selling and low-buying, oscillating approach, and maintain flexible adjustments.
The operation suggestions are as follows: You can choose to short in the 3360-3365 area, with the target around 3350 and 3340; if the rebound is blocked below 3354, you can also enter the short order in advance. It is recommended to enter and exit quickly in the short-term weak market; strictly control the stop loss to avoid risks caused by sudden changes in the market.
The current market is obviously volatile, so don't blindly chase the rise and fall. It is particularly important to operate around the key pressure and support areas. The grasp of the rhythm will determine the final profit, and steady trading is the kingly way.
DeGRAM | GOLD broke the trend line📊 Technical Analysis
● The break of the July descending cap at 3 355 has held as support; price is stair-stepping along a steep intraday channel whose lower rail coincides with the 3 350 pivot.
● Momentum is pressing the 3 368–3 393 supply; clearing that band opens the March swing objective at 3 430, while pullbacks into 3 350-3 355 are buffered by the former trend-line.
💡 Fundamental Analysis
● A second straight downside surprise in US PPI cooled 2-yr yields and the DXY, restoring carry appeal for non-yielding gold.
● World Gold Council notes June central-bank net purchases rose 6 % m/m, signalling persistent official demand.
✨ Summary
Long 3 350-3 360; hold above 3 355 targets 3 393 → 3 430. Bias void on an H1 close below 3 325.
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Gold Roadmap=>Short termGold ( OANDA:XAUUSD ) currently appears to have broken through the Resistance zone($3,350-$3,325) .
The Resistance zone($3,350-$3,325) was broken with the help of the Descending Broadening Wedge Pattern , the upper line of this classic pattern having served as an important resistance line for us in previous ideas .
In terms of Elliott wave theory , Gold has completed the Double Three Correction(WXY) within the Descending Broadening Wedge Pattern . It is currently completing the next five impulse waves . Wave 5 of these waves could end in the Potential Reversal Zone(PRZ) .
I expect Gold to rise to the Potential Reversal Zone(PRZ) , and of course, given the momentum of gold approaching PRZ , we can also look for Short positions in PRZ .
Note: Stop Loss (SL) = $3,329
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.