Gold fluctuated downward. Or it will continue.Gold was blocked near 3393 in the early trading on Thursday and began to fluctuate and fall, falling to 3351 as low as possible, then stopped falling and rose, and after rebounding near 3377, it was blocked and fell back to 3370 and fluctuated up and down, and the daily line closed with a negative line.
After three consecutive positive rises from last Friday to Tuesday this week, gold ushered in a turning point on Wednesday. On Thursday, it continued to fall and broke through the 5-day and 10-day moving averages, and the short-term market weakened. From the overall structure, the rising channel since June 26 remains valid. The highs on Tuesday and Wednesday approached the upper edge of the channel and then fell. The current price turned to fall and approached the lower edge of the channel.
There are two key positions for the support below: the first support level is near 3345, which is the lower edge support of the current rising channel; the second support level is near 3325, which is the trend line support formed by the connection of the previous low points.
From the 4-hour chart, the 3351 low point and the rebound resistance level can be used as a reference for today's long-short game. The breaking of key support and resistance will determine the trend direction of the next stage.
Operation strategy:
Short near 3375, stop loss 3385, profit range 3350-3330
Long near 3330, stop loss 3320, profit range 3350-3370
Xauusdanalysis
350pips Secured — Focus Shifts to Dip-Buying StrategyToday's trading was very successful, and the grasp of the long and short rhythm was very accurate. Today's trading situation is as follows:
1. Close the short position with an overnight entry price of around 3386 near 3380, with a loss of 60 pips, and the loss amount exceeded $6K;
2. Directly short gold near 3380, manually close the position near 3366, profit 130pips, profit amount exceeded $12K;
3. Long gold near 3356, hit TP: 3372 and end the transaction, profit 160pips, profit amount exceeded $8K;
4. Long gold near 3362, hit TP; 3375 and end the transaction, profit 120pips, profit amount exceeded $6K.
Intraday trading summary: Today, the long and short sides completed a total of 4 transactions, one of which suffered a loss, but the net profit was 350pips, and the profit amount exceeded $20K. For short-term trading, I think I can submit a satisfactory answer to myself today!
How to execute the transaction next? Gold started to pull back from around 3438 and has now reached a low of around 3351, with a retracement of more than 870pips. The retracement space is not small. However, gold has stabilized above 3350 and has started a technical rebound repair, and the upward force is not weak, so gold may have completed the retracement. Under the support of these two technical conditions, gold may regain its upward momentum and hit 3400 again.
At present, the short-term resistance is obvious, located in the area near 3380. Once gold breaks through 3380, gold will inevitably continue to rise and hit 3400 again; but I think as long as gold stabilizes above 3350, it is not difficult to break through the short-term resistance of 3380, so gold will inevitably test the 3400 mark again; and the short-term support below is in the 3365-3355 area. Gold may still retreat to this area first during the rise in order to increase liquidity and accumulate momentum, helping gold to break through 3380 more easily.
So for the next short-term trading, I think it is feasible to go long on gold in the 3365-3355 area, first looking at the target area of 3380-3390, and then 3400.
Gold technical outlook – Signs of exhaustion at channel topOANDA:XAUUSD is climbing within a well-defined ascending channel, and price is now brushing up against the upper boundary, a dynamic resistance zone that has historically triggered pullbacks. If price gets rejected here, we may see a healthy correction toward the key support at 3,350, offering a potential reload point for bulls.
Should buyers step in and defend this level, the bullish structure remains intact, setting the stage for a renewed push higher. On the other hand, a clean break below 3,350 could open the door for a deeper retracement toward the lower edge of the channel, where more significant demand may lie.
All eyes should be on price action and volume in this regio, watch for reversal patterns like bullish pin bars or engulfing candles to confirm entries. As always, risk management comes first. Don't trade assumptions, trade confirmations.
What’s your take on this setup? Drop your thoughts below and let’s discuss!
Gold – 24 July: Watching H4 OB Zone for Bullish ReversalGold – 24 July Outlook
Watching H4 OB Zone for Potential Reversal
📌 Recap of 23 July Trade:
As outlined in yesterday’s analysis, the M15 Order Block ( 3417–3412 ) held well. The market reacted precisely from this level, and our long setup successfully hit the defined 120-pip target .
However, after reaching a high near 3434 , the price failed to break above and instead rejected sharply, breaking the recent M15 higher low — a key structural sign that signals the start of a possible H4 pullback phase.
🔍 Current Market Context:
Trend Overview:
While the overall bias remains bullish, this break of M15 structure suggests short-term weakness and a corrective move in progress on the H4 chart.
Key Zone in Focus:
H4 Order Block Zone: 3359 – 3345
This is a critical zone to watch today. The market is currently trading around this area, and it could act as a potential reversal point where the uptrend resumes.
🎯 Trading Plan:
– Closely monitor the price action within the 3359–3345 zone.
– If price respects this zone and LTF (e.g., M1) shows signs of structure flip or ChoCH + BoS , it could present a fresh long setup opportunity.
– As always, only act on the trade if multiple confluences align — don’t anticipate, let the market confirm.
📈 Summary:
Bias: Watching for a bullish reversal from the 3359–3345 zone.
Setup Condition: Wait for clear LTF confirmation before entering.
Risk Management: Stick to 1:3 RR — 40 pip SL and 120 pip TP as per system.
Let the market come to your setup. Patience is your greatest edge.
📘 Shared by @ChartIsMirror
Gold 2H Chart: Bullish Reversal Expected from Key Support ZoneGold (XAU/USD) 2H chart shows a bearish break of structure (BOS) followed by a pullback toward a key support zone (around 3,337–3,351). A potential bullish reversal is expected from this zone, targeting the 3,438 resistance level. The chart highlights a demand zone, FVG (Fair Value Gap), and possible retracement before continuation to the upside.
The callback is coming to an end, don't chase the short easily#XAUUSD
The long positions held last night have already left the market at a loss😔. After the Asian session opened, I continued to watch the trend of gold, but it did not effectively rebound to the ideal target area. After repeatedly testing around 3393, I chose to manually exit the market📀.
Gold is currently somewhat overcorrected, with the hourly line falling into severe oversold territory📉. But the market will eventually return to the bullish trend🐂. Why do I say that? First, there are less than 8 days left before the final deadline for tariffs. Second, the Federal Reserve’s interest rate cut is also approaching. In the medium and long term, there is definitely no problem with being bullish. There will be initial jobless claims data later, which will affect the trend of gold today. We need to pay some attention to it👀.
From the daily line, the current Bollinger Band middle track is near the 3343 line, and the SMA60 moving average is near the 3330 below. In the short term, the downward momentum of gold is released, and it is expected to test the 3343 mid-line support below💪.
📊Therefore, we can consider going long again at 3360-3343 below and look towards 3375-3385. Short-term losses don’t mean anything. With the recent frequent news fluctuations, we still have a good chance to turn losses into profits🚀.
🚀BUY 3360-3350
🚀TP 3375-3385
Some investors take profits. Opportunity to buy gold to 3500?✏️ OANDA:XAUUSD price correction of 50 appeared yesterday. This is obvious to happen in a sustainable uptrend. Today's strategy will look for liquidity sweeps to support to BUY to ATH 3500. Gold's current border zone is limited by the upper and lower trendlines. Be careful not to trade against the trend when breaking the trend zone.
📉 Key Levels
Support: 3375 -3363
Resistance: 3418-3431-3490
Buy trigger: Buyers react at 3375
Buy zone: 3363
Target: 3430; level higher at 3490
Leave your comments on the idea. I am happy to read your views.
Gold Price Analysis July 24After a correction of about 50 prices in yesterday's session, gold is showing a necessary "breathing" in the long-term uptrend. This is a positive signal, showing that the market is accumulating before continuing its journey towards a new ATH around the 3500 area.
Currently, gold prices are fluctuating within the boundary zone limited by two upper/lower trendlines - creating a clear structure of support and resistance. Avoid trading against the trend if this boundary zone is broken.
📌 Trading plan:
Strategy: Prioritize BUY when price sweeps to support zone
Active buy zone: 3375 (reaction price)
Potential buy zone: 3363 (deep support)
Target: 3431 in the immediate future → further towards 3490
Support: 3375 – 3363
Resistance: 3418 – 3431 – 3490
Correction in Play, Long-Term BUY Opportunity Ahead XAUUSD 24/07 – Correction in Play, Long-Term BUY Opportunity Ahead
🧭 Market Outlook
Gold has dropped sharply from the 343x region, exactly as outlined in yesterday’s plan. Price has broken below the ascending trendline on the H1 chart and is now tapping into lower liquidity zones (FVG + OBS), signaling continuation of the short-term bearish move.
Key context to watch:
Traders are awaiting final decisions on US global trade policy agreements.
Next week’s FOMC meeting may confirm expectations of an interest rate cut.
Later today, markets will react to US PMI data and Jobless Claims, which could trigger volatility.
📊 Technical View
While the higher timeframe trend (D1/H4) remains bullish, the short-term structure has broken, and the market is now exploring unfilled liquidity pools below. Once these are swept, we anticipate a strong long-term BUY opportunity.
🎯 Trading Plan for Today
📌 Short-Term Strategy:
Look for short-term SELL setups on retracements toward resistance zones. Wait for clear rejection signals before entering.
📌 Mid/Long-Term Strategy:
Prepare to BUY from major Key Levels once price taps into deep liquidity zones. Ensure confluence and good risk/reward before entering.
🔎 Key Levels to Watch
🔺 Upper Resistance Zones:
3393 – 3404 – 3414 – 3420 – 3428
🔻 Lower Support Zones:
3375 – 3366 – 3352 – 3345 – 3330
🔽 Trade Setups
✅ BUY ZONE: 3352 – 3350
SL: 3345
TP: 3356 → 3360 → 3364 → 3370 → 3375 → 3380 → 3390 → 3400
🔻 SELL ZONE: 3414 – 3416
SL: 3420
TP: 3410 → 3406 → 3400 → 3395 → 3390 → 3380
⚠️ Risk Reminder
No major economic news is scheduled for today, but unexpected political statements or geopolitical tensions could cause price spikes.
✔️ Always follow your SL/TP strictly.
✔️ Avoid entering without solid confirmation.
✔️ Watch how price reacts to the levels above.
📣 Follow MMF on TradingView
If this trading roadmap helps your strategy,
📌 Follow the MMF team on TradingView for daily actionable setups, real levels, and no-nonsense analysis based on real market conditions.
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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.
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.
Gold’s Wild Ride: A Trader’s Take on What’s NextHey Fellow Traders! 👋
Gold’s been an absolute beast this week, smashing through both buyers and sellers like it’s playing a high-stakes game of market whack-a-mole! 😅 After Wednesday’s wild moves and today’s follow-up, Gold’s keeping us all guessing.
Right now, I’m not locking in a long-term bias—Gold’s too unpredictable for that. But here’s the exciting part: I’m eyeing a short-term long opportunity. Why? The price just dipped into a 4H Fair Value Gap (FVG) and tagged a Breaker, setting up a potential bounce. 📈
My plan? I’m expecting Gold to sweep up the highlighted liquidity and charge toward the 4H Inversion Fair Value Gap (IFVG). Once it hits that zone, I’ll be glued to the charts, watching for its reaction to decide the next move. 🧐
As always, trade smart! Set your stops, size your positions wisely, and don’t let Gold’s volatility catch you off guard. Protect your capital first—always! 💡
What’s your take on Gold right now? Are you jumping on this setup or waiting for more confirmation? Drop your thoughts in the comments below, give this post a like, and follow for more updates! 👇 Let’s keep the trading convo going! 🔥
Gold's weak pattern, rebound is still empty.In fact, I strongly advise you not to attribute this wave of decline to the progress of trade negotiations. If you keep talking about these things all day, you will make mistakes inexplicably. I want to ask, do you know what its progress is? The previous rise was said to be not negotiated, so don’t you think this is a useless theory and fundamentals? As a topic of conversation with friends, it’s okay, but if you use it as a basis for trading, forget it. Every time it can take off at 3250 and fall at 3430, such a coincidental space, what other reasons are there besides the main control?
I deliberately gave a rebound expectation. If it can reach 3403, I am willing to go short again. The reason for taking this position is that gold has indeed broken the previous bottoming pattern, the support of the BD trend line, and the horizontal support of point D, but the problem is that it has not really broken the trend line of the inward channel. In this case, I must prevent a rebound, and it would be great if I could enter the market at 3403. You can look at the probability of a head and shoulders top.
Otherwise, I can only watch it fall first. Faced with this weakness, I choose to directly chase the bearish trend. The current price is still early compared to today's high of 93, and the support below is at 3360.
"Gold's Repeat Pattern: Two Impulses, Two Pullbacks – What's NexThis **4-hour Gold (XAU/USD)** chart shows a classic **price action structure** with two major impulsive waves followed by corrective pullbacks. Here's a breakdown using **price action principles**:
🔹 **1. Impulsive Rally #1 (Left Box)**
* **Price surged** by approx. **119.55 points (+3.68%)**, forming strong bullish candles with little to no wick on top — a sign of **buyer dominance**.
* The move was sharp, indicating **strong momentum** and **break of previous lower highs**, suggesting a possible **market structure shift** to bullish.
🔻 **2. Correction #1**
* The rally was followed by a **retracement of -84.51 points (-2.51%)**.
* Price made **lower highs and lower lows** within this box — indicating a **corrective pullback**, not a reversal.
* It respected previous support zones, which shows **buyers still in control**.
### 🔹 **3. Impulsive Rally #2 (Right Box)**
* Price then made a **new higher high**, rising **127.94 points (+3.86%)**.
* Strong bullish candles again appeared with follow-through — confirming **bullish order flow**.
* The **break of the previous swing high** confirms a **bullish structure continuation**.
### 🔻 **4. Correction #2 (Ongoing)**
* Current price is in a **retracement phase** of around **-84.51 points (-2.46%)** — nearly identical in size to the first correction.
* The correction is forming **lower highs and lower lows**, with potential for **bullish reaction near the previous support or demand zone**.
* The **market is testing previous structure** (support level near \$3360–\$3370) — a key area for **bullish reversal confirmation** (watch for pin bars or bullish engulfing patterns).
📌 **Price Action Summary
* **Structure**: Higher highs, higher lows — confirms **uptrend**.
* **Corrections**: Controlled and proportional — shows **healthy trend**.
* **Current Zone**: Price is testing **potential support**, watch for **bullish reversal signals** to catch next wave.
* **Bias**: Still **bullish**, unless structure breaks below recent swing low (\~\$3340).
---
✅ Traders’ Tip**: If bullish candles form at current support, it may present a **buy opportunity** with targets toward recent highs. Use proper risk management and watch for confirmation!
Double Down on Gold — Targeting 3400–3410!Obviously, gold did not give us the opportunity to short gold near 3440 today. In the process of its recent pullback, gold tested 3400 as expected, and after falling below 3400, it continued to fall to around 3385 as if it was planned by me. Although the lowest point had reached around 3381, it quickly rebounded above 3385. What is relatively regrettable today is that both of our plans to short gold ended in failure. The first time was when gold did not give us the opportunity to short near 3440. The second time was when we were preparing to short gold at 3400 and set the TP to 3385. However, we did not have time to create an order because the price fell too quickly, causing us to miss the gold short trade again.
At present, I have a trading order to go long on gold near 3386. And I go long on gold with twice the usual trading volume. Why am I still optimistic about the rebound of gold in the short term after the gold price fell by nearly $60? Because the area around 3385 is the short-term bull-bear dividing line, although gold has fallen sharply, as long as it stays above the area around 3385, gold is still in a bullish trend as a whole, and the bullish structure has not been destroyed, so in the short term, gold still has a lot of room for rebound after the pullback. This is why I dare to use twice the usual trading volume to buy gold near 3386.
However, because the current gold long and short continuity is not strong, and the market uncertainty is still increasing due to complex news, the gold market is prone to violent fluctuations in the short term, so we have to be more careful in trading. At present, I still hold a gold long position near 3386, and I hope that gold can continue to rebound to the target area: 3400-3410.
XAUUSD 24/07 Bullish Reversal Potential from Falling Channel1. Price Overview & Trendline Context
Gold (XAUUSD) is currently trading around 3,369.67 USD after a notable pullback from the recent high near 3,428. A clear descending channel has formed, marking a short-term corrective move within a larger bullish trend. Price action suggests a potential reversal setup as price approaches a strong support zone around 3,340 – 3,350 USD, previously acted as demand in the breakout on July 22.
2. Fibonacci & Structure Analysis
The Fibonacci retracement drawn from the recent swing low to the top at ~3,428 reveals that the pullback has reached the 0.9 level, often seen as an exhaustion point for corrections in strong bullish trends. This area aligns with:
Key horizontal support: 3,340 – 3,350
Previous breakout zone
Volume spike at base (20.6K vs avg.)
This convergence suggests a high-probability bullish reversal setup.
3. EMA & Momentum Indicators
Although the chart primarily uses SMA 9, the structure suggests price is extended from shorter EMAs. A break above the upper boundary of the falling channel may trigger EMA crossovers, further confirming reversal momentum.
4. Trading Strategy Suggestion
Setup
Description
Buy Zone: 3,350 – 3,365 USD
Take Profit 1: 3,385 USD (short-term supply zone)
Take Profit 2: 3,428 USD (recent swing high)
Stop Loss: Below 3,340 USD
This trade follows the "Buy the Dip in Uptrend" strategy, aligning with trendline, fib support, and volume confirmation.
5. Key Resistance & Support Levels
Resistance: 3,385 – 3,428 USD
Support: 3,340 – 3,350 USD
Breakout Confirmation Level: 3,375 (channel breakout)
6. Final Insights
Gold remains in a broader bullish structure. Today’s chart shows strong technical confluence for a short-term reversal. Traders should monitor closely for breakout candles from the falling wedge/channel, preferably with volume confirmation.
XAUUSD analysis - 1H FVG and OB setupsOn the 1H timeframe, price is reacting as it approaches the HTF high zone (3430-3450) and is currently pulling back.
The 1H FVG zones at:
🔹 3400
🔹 3368
and the 1H OB around 3350 are key areas we are watching for potential long entries.
📌 Plan:
We will wait for price to pull back into one of these 1H FVG/OB zones and look for entry confirmations on the 5M or 3M timeframe to go long.
🎯 Targets: 3430 – 3440 – 3450
❌ No sell setup for now unless a clear structure break happens.
XAU/USD 24 July 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
You will note that price has targeted weak internal high on three separate occasions which has now formed a triple top, this is a bearish reversal pattern and proving this zone is a strong supply level. This is in-line with HTF bearish pullback phase.
Remainder of analysis and bias remains the same as analysis dated 23 April 2025.
Price has now printed a bearish CHoCH according to my analysis yesterday.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS.
The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price.
As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish.
Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback.
Intraday Expectation:
Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
Gold Correction Went Deeper, but the Bullish Structure Intact📌 Quick recap from yesterday:
In my previous analysis, I mentioned that I was looking to buy dips around 3400, expecting a continuation move toward the ATH near 3500.
That was the plan.
But as the day unfolded, I removed my pending buy order — and explained exactly why in an educational post on how context can override entry levels.
If you read that, you already understand:
It’s not where price goes. It’s how it gets there.
________________________________________
📉 So… where are we now?
The big question is:
Was this just a deeper correction, or is Gold preparing to shift direction entirely?
In my opinion, we’re still in a healthy correction, not a reversal.
Why?
• Price remains above the horizontal support — the same level that acted as resistance last week
• The market is still above the trendline from mid-May
• No breakdown, no major structure violation — just deeper retracement after a sharp impulsive move
________________________________________
📈 What’s the plan going forward?
As long as these two supports hold, I believe the buy-the-dip narrative remains valid — even at better prices.
In fact, I already entered a new long position about an hour ago, which is currently up around 90 pips at the time of writing.
My bias stays bullish unless proven otherwise.
________________________________________
📌 Conclusion:
Yes, the correction went deeper than expected.
Yes, I removed a pending order — because the reaction was not what I wanted to see.
But structure still supports continuation, and I remain in the buy-the-dip camp as long as key support holds. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
The Myth of Gold Reversals – Why Traders Keep Catching the KnifeGold is a master of deception.
It shows a clean wick into a zone, but reacts just enough to pull in early buyers or sellers — then rips straight through their stops like they weren’t even there.
The reversal looked real and the candles seemed perfect.
But the move? It was never meant for them.
This isn’t bad luck, but traders who survive aren’t trying to guess, they are the ones reading the reaction after the trap.
Let’s break down how these traps happen — and how Smart Money actually operates when XAUUSD is loading a real move.
🟥 Sell Trap – The "Instant Short" Mistake
Price pushes up into a clear reaction zone — maybe an OB, maybe an imbalance, a FVG, or a gap.
Structure looks stretched. Traders recognize a premium zone and decide it’s time to short.
The trap? Jumping in immediately on the touch, with no confirmation.
This is where Gold loves to trap sellers.
No M15 CHoCH/ BOS on M5 or real liquidity swept. Just a blind move and hope.
Price often pulls slightly higher — sweeping internal liquidity, triggering SLs — then shows a real rejection.
📌 Here’s what needs to happen before selling:
• First: look for a liquidity sweep (equal highs or engineered inducement)
• Then: price must shift — CHoCH or BOS on M15 or M5
• Finally: confirmation via bearish engulf, imbalance fill, or break + retest
• For experts: M1 can offer refined sniper triggers with minimal drawdown
💡 If none of this appears, it’s not a setup — it’s a trap.
🟩 Buy Trap – The "Wick Bounce" Illusion
Price taps a demand zone — again, a refined OB or imbalance, liquidity zone.
A long bullish wick forms. Some candles pause. It looks like a reversal.
But there’s no shift.Just hovering.
Many jump in long the second they see the wick. And then price breaks straight through.
📌 Here’s how to flip this trap into a real buy:
• Let price sweep liquidity below the zone — signs of a purge - true wick bounce
• Watch for a CHoCH or BOS on M15, M5, or even M1
• Look for a strong bullish engulf from the reactive level
• Confirm via imbalance fill or price reclaiming broken structure
📍 If all that happens — the trap becomes your entry.
If not? Stand down.
📊 What Smart Traders Actually Do Differently
They don’t chase wicks.
And never enter just because price tapped a line.
IT IS ALL ABOUT READING STRUCTURE AND PRICE ACTION.
Here’s how:
• Mark the highest probability reaction zones — above and below current price;
• Set alerts, not blind entries;
• Wait for price to come into their zone and then watch what it does there;
• Look for confirmation: CHoCHs, BOS, engulfing candles, FVG fills, clean rejections;
• And always keep one eye on the news — because Gold reacts fast and violently when volatility hits.
• Repeat this work daily until they learn how to recognize signs faster and more secure.
That’s the difference between chasing the reversal… and trading the move after the trap.
Because in this game, patience isn’t just a virtue — it’s survival.
And Gold? Well, XAUUSD has no mercy for those in a hurry and not studying its moves day by day, month after month and so on. Learn structure and price action even if you join any channel for help if you are serious about trading this amazing metal.
If this lesson helped you today and brought you more clarity:
Drop a 🚀 and follow us✅ for more trading ideas and trading psychology.
Correction is not bearish, buy on rebound at low levelToday is critical. Yesterday, gold fell under the pressure of 3396. The next 3396 area is very critical, and it will be relatively weak below it. If it goes up, the market rebound will expand. Pay attention to 3405 or 3420 area, with the focus on 3420. As long as it is below here, it will be mainly bearish. Breaking through 3420, the market is expected to continue to rise and break yesterday's high to test the 3450 area, and then seek to fall again. On the downside, pay proper attention to the 3380 area, which is short-term support; the focus is on the 3370~3365 area, which is the next bull-bear watershed.
The daily line fell yesterday and included the previous day's big positive rise, which represents the current high-level fluctuation of the price. At present, we need to pay attention to the lower moving average support corresponding to SMA10 at 3367, while the moving average SMA30 is around 3351-53, the middle track is at 3344, and the moving average SMA60 is at 3330.
From the daily level: today's decline will not fall below 3351-53, and it is likely to be around 3367-70. We have the opportunity to participate in long orders near 3370.
Therefore, if the price touches 3370-3365 for the first time during the day, you can consider going long, with the target at 3390-3400; if the downward trend of gold continues during the day, you can go long again at 3355-3353, defend 3345, and exit the market after earning a difference of $10-20.
OANDA:XAUUSD