gold on selling#XAUUSD price expect to break 3405 for bearish formation.
Sell limit at 3405, take profit 3354, stop loss 3418
Bullish range can be consider if the H1 closes above 3410.
Xauusdanalysis
The strategy remains unchanged: buy on dipsThe key to the short-term trend of gold lies in the rising channel of the technical aspect. The hourly chart shows that the price is running along the trajectory of gradually rising lows. In this form, the upward momentum is stronger. When the trend is upward, any pullback is a signal of bullish accumulation, which is a good time to enter the market and do more. In a strong market, the pullback range is often limited, and it is more of a short-term bullish pullback to accumulate power. The current key pressure above is in the 3355-3360 first-line range. If the price can break through and stabilize this level, the rising rhythm will most likely accelerate. At this time, the operation does not need to be complicated, just follow the trend: try to go long with a light position when stepping back, and you can cover your position according to the situation after breaking through, so that profits can grow naturally in the continuation of the trend. Remember, the power of the trend is far greater than short-term fluctuations. Instead of worrying about whether it has risen too much, it is better to follow the trend and treat every pullback as an opportunity to confirm the trend.
The recommended strategy for gold remains unchanged: go long in the current price range of 3330-3325, stop loss 3320, target 3360
6/12 Gold Analysis and Trading SignalsGood morning, everyone!
Gold rebounded after dipping to around $3320 yesterday, following a pullback from our previously defined sell zone (3358–3373). Early today, price broke above 3360, reaching a high of 3373, exactly within the resistance zone we expected. The initial rejection from this level aligns well with our plan.
📈 Technical Analysis:
Watch closely whether 3373 can be broken with strong volume. If so, the next key resistance lies around 3385.
However, if price reaches this level without first testing the 3352–3346 support, a rejection is likely. In such case, 3385 may serve as a temporary top and a potential short entry point.
🧭 Trend Structure:
On the 4H timeframe, the bullish momentum remains intact. The last two candles suggest strong buying pressure. If today's fundamentals are supportive, a test of 3400 or higher is possible.
On the 1D chart, the market is still in a technical correction phase. The bounce near 3300 was supported by the long-term trendline. However, if price drops back below 3340 and stays there, a trend reversal becomes more likely.
Focus on the 3314–3296 support zone. If that breaks, a deeper drop is likely, possibly $100 or more, pushing price toward 3200–3190. The decline may unfold as a slow grind or sharp breakdown.
📊 Fundamental Watch:
Today’s Initial Jobless Claims data could have greater-than-usual impact due to the recent CPI release.
The Federal Reserve's Quarterly Financial Accounts Report is also due today and may affect broader market sentiment.
📌 Today’s Trading Recommendations:
✅ Sell Zone: 3385–3403
✅ Buy Zone: 3331–3321
🔄 Intraday Scalping Levels:
3376 / 3358 / 3346 / 3334
Gold rises to 3400 and becomes the next breakthrough pointGold continued to rise during the day, then fell sharply and entered a clear upward trend after a wave of wash-out. The expected target for the week was gradually realized - the 3370 line has been broken, and the next core target is the 3400 mark. From a technical perspective, the daily line closed with a large positive column on Wednesday and stood firmly on the Bollinger middle track. The moving average system is in an upward divergent state. Under the strong pattern, it is expected to further challenge the Bollinger upper track high point near 3400; the H4 cycle is due to the current round of Bollinger opening enlarged, or continue the unilateral upward rhythm.
Gold recommendation: light position long at the current price of 3360, and cover the position when it falls back to around 3350. Stop loss 3343 target 3390
Beware of Bear Traps — Avoid Chasing Prices Blindly!Today, gold rallied up to 3380, then retraced to retest the 1H MA60 (around 3340),
before making another strong upward breakout, surpassing the earlier Asian session high.
📌 This upward move was driven by a combination of key factors:
🔸 Trump’s announcement of new tariffs to be imposed within two weeks
🔸 Rising geopolitical tensions in the Middle East, fueling safe-haven demand
🔸 A weaker-than-expected CPI yesterday
🔸 And an upcoming PPI release later today
📉 Current Price Outlook:
🔺 Strong resistance at 3392, closely watched
🔺 Next resistance zone: 3403–3414
🔻 Key support zones: 3360–3350
⚠️ Also note: the 3289 price gap remains unfilled,
which means downside risks haven’t been fully eliminated — avoid chasing rallies blindly!
✅ Trading Strategy:
Stick with the approach:
📌 Buy near key support, sell near known resistance
📌 Stay alert for news-driven bull traps, and manage risk wisely
Long profit-taking,how to position gold before unemployment data📰 Impact of news:
1. Pay attention to the initial unemployment claims data
📈 Market analysis:
After being pulled down, the gold price quickly rebounded to around 3385, and the RSI showed a V-shaped reversal. It is not recommended to chase the rise at present. In the short term, pay attention to the upper resistance area of 3385-3395. If the gold price effectively breaks through this resistance area, it is expected to touch the 3400-3410 line. On the contrary, it encounters resistance and pressure at the 3385-3395 line, and may retreat to the 3370-3360 line in the short term.
🏅 Trading strategies:
SELL 3385-3395
TP 3370-3360
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
XAU/USD 4H Updated Technical Analysis 06/12/20254H Market Structure & Trend
Gold (XAU/USD) is trading around $3,383, showing a generally bullish market structure on the 4-hour chart. The price has been making higher highs (HH) and higher lows (HL) – a classic uptrend pattern
Recently, bulls broke above a notable resistance level (a Break of Structure, or BOS), confirming continued upside momentum
So far no Change of Character (CHOCH) signal (which would require a lower low to hint at a trend reversal, meaning the uptrend remains intact. Gold is also trading above its daily pivot point (3370), reflecting a bullish intraday bias
Overall, sentiment on the 4H timeframe is positive unless key support levels give way.
Key Support & Resistance Zones (Demand vs. Supply)
Support (Demand Zones): Immediate support lies in the 3355 – 3340 region (marked by S1 and S2). This zone lines up with prior price congestion and is viewed as a demand zone, where buyers have historically stepped in
In fact, multiple support levels cluster here (e.g. previous lows and trendline intersection), creating a broad buy zone. The idea is that as price dips into this area, buy orders are likely waiting, and the deeper it goes into the zone, the more attractive it becomes for bulls
If 3340 fails, the next support is around 3325 (S3), another potential demand area where gold found a footing earlier. Traders will watch these support zones for bullish reversal signals (like a strong bounce or candlestick patterns) to confirm that demand is indeed active. Resistance (Supply Zones): On the upside, initial resistance is seen at 3385 (R1), with a stronger supply zone around 3400 (roughly the R2 3402 level). Here, multiple technical levels overlap – including a recent swing high and a psychological round number. This convergence of resistances creates a supply zone where sellers may be waiting.
As gold approaches 3385–3402, it’s likely to encounter profit-taking or new short positions. If price does punch through 3400, the next resistance is around 3415 (R3), which could attract even more selling interest. Within the 3385–3415 zone, expect price to possibly stall or reverse, unless bulls muster a strong breakout. Traders should be cautious about bullish positions as price nears this supply area, and watch for any bearish reversal clues (like wicks or a double-top) indicating that sellers are active
Fibonacci Retracement Confluence
Recent price swings show Fibonacci retracement levels aligning with the above zones, adding confidence to those areas. For instance, the rally from the last 4H swing low (around 3325) up to the recent high (~3385) has a 50%–61.8% Fibonacci retracement roughly in the 3340–3355 range. Fibonacci levels often pinpoint where price might stall or reverse during a pullback, and indeed this $3,340-$3,355 support zone corresponds to the popular 50%–61.8% retracement band – a prime spot where bargain-hunting buyers could step in.
In an uptrend, a pullback to these Fib levels is considered a healthy correction rather than a trend change. Thus, if gold dips to that area, many bulls will be watching for a bounce. On the flip side, if gold extends higher, Fibonacci extension levels suggest the 3400+ region might be a measured move target (for example, 100% extension of the last pullback lands near 3400). This reinforces that the 3385–3415 supply zone is a critical hurdle. In summary, Fibonacci analysis supports the idea that mid-$3300s is a value zone for buyers, while around $3400 is a potential exhaustion area for the current upswing.
Smart Money Concepts (SMC) Insights
From a Smart Money Concepts perspective, institutional footprints are visible on the chart. The ongoing bullish structure (higher lows, no lower low yet) means no CHOCH (trend change) has occurred
Smart money likely continues to favor longs until a key low breaks. We can identify a possible bullish Order Block in the 3340 area, which is essentially the last small bearish candle on 4H before the strong push up
This order block (an institutional buy zone) overlaps with our demand zone, suggesting big players placed buy orders around 3340. If price revisits that zone, it could ignite another rally as those orders get filled. There are also liquidity considerations in play: Above $3,400, there may be clusters of buy stop orders (from breakout traders or short stops) – what SMC traders call buy-side liquidity.
It wouldn’t be surprising to see gold spike above 3400 to grab that liquidity (stop-loss hunt) before either accelerating higher or sharply reversing. Conversely, below $3,340, many bulls likely have stop-losses (sell orders) – sell-side liquidity resting under support.
A quick dip under S2 (liquidity grab) followed by a recovery would actually be a bullish signature (a bear trap by smart money). However, if price breaks significantly below 3325 and holds, that would mark a bearish CHOCH (first real trend change signal) and indicate the smart money possibly switching to selling rallies. Until then, the path of least resistance is still up. Any fair value gaps (imbalances) left from the rapid rise may exist around 3360 (for example), but so far gold has been backfilling these moves, keeping the trend steady.
Potential Trading Setups (4H Outlook)
Given the above analysis, here are two possible trade ideas on the 4H timeframe – one bullish and one bearish – with high-conviction zones in focus:
Bullish Buy Setup (Buy the Dip):
A pullback into the 3355–3340 support demand zone could offer a buying opportunity. This area has multiple factors of confluence: pivot S1/S2 supports, a Fibonacci 50–61.8% retracement, and an order block. If gold’s price action shows a clear reversal here (for example, a bullish engulfing candle or double bottom on 1H/4H), buyers can consider going long. The upside targets would be a return to 3385 (R1), with stretch targets near 3400–3415 (R2/R3). A prudent stop-loss could be placed just below 3325 (just under S3 and below the demand zone) to avoid a deeper reversal. This setup aligns with the prevailing uptrend (trading with the trend) and aims to “buy low” in the value zone.
Bearish Sell Setup (Sell the Rally):
If gold surges into the 3385–3402 resistance supply zone without slowing, traders should watch for signs of buyer exhaustion. In a still-range-bound market or if momentum wanes near the top, one might consider a short position in this zone if bearish signals emerge (e.g. a 4H shooting star candle, bearish divergence, or a minor BOS downward on lower timeframe). The idea is that smart money could use the liquidity above 3385/3400 to sell into. Initial downside targets could be the pivot area around 3370 and then the 3355 support. A stop-loss would ideally be just above 3415 (clear of the R3 level), in case gold breaks out to new highs. This counter-trend style trade is riskier since the 4H trend is up, so it’s crucial to wait for confirmation of a reversal before selling. Essentially, you’d be selling high at known resistance, but only if the market shows it can’t push further.
Both setups hinge on patience and confirmation. Rather than blindly picking tops or bottoms, let the price action confirm that the zone is holding. Remember that support and resistance levels are zones, not exact lines – price can wick through slightly before reversing. Always manage risk carefully.
Key Levels Snapshot
Pivot: 3370
R1: 3385 – R2: 3402 – R3: 3415
S1: 3355 – S2: 3340 – S3: 3325 These levels are derived from the classic pivot point formul, using recent price data. The pivot point at 3370 is the average of the previous session’s high, low, and close.
Trading above this pivot supports a bullish bias, while below it turns the bias bearish.
The R1/R2/R3 levels mark successive resistance hurdles above the pivot, and S1/S2/S3 mark support floors below it. Traders often use these as guideposts for intraday moves.
Takeaway:
Gold’s 4H chart shows bullish momentum with key support in the mid-$3300s and resistance near $3400. It’s wise to trade the reaction at these zones – buy dips near support in an uptrend, or sell rallies at resistance if momentum fades. In all cases, wait for price to confirm direction and stick to your trading plan. Happy trading!
Buy gold, it is expected to continue to rise and test 3380-3390After the Asian session began, gold began to rise rapidly, and the original plan to short gold near 3355 had to be cancelled. After gold touched 3374, it fell back slightly, but after retreating to 3357, it rebounded again and broke through the short-term suppression near 3370 again. At present, gold still has the potential to rise further.
According to the current structure, gold has formed an oscillating upward structure, and the lows have been rising. After breaking through the short-term resistance area of 3360-3370, the willingness to rise has strengthened. Gold is expected to usher in a second rise and test the 3380-3390 area. If it breaks through this area, gold is even expected to continue to the 3410-3420 area. As gold rises, the gold support area rises to the 3360-3350 area.
So for short-term trading, we can try to go long on gold while controlling the risk after gold retreats to the 3360-3350 area!
XAUUSD:Go long
Gold bottled out and rebounded, hitting the lowest 3319 line, which just gave us the opportunity to leave the 3320 stop profit. Then, under the stimulation of the news surface, it did not break through the 3375 line. Then, combined with the previous ideas, the next need to do long strategy. Keep an eye on the breakout at 3375 during the day.
Trading Strategy:
BUY@3353-58
TP:3375-84
↓↓↓ More detailed strategies and trading will be notified here ↗↗↗
↓↓↓ Keep updated, come to "get" ↗↗↗
Analysis of the latest market trends of gold surge and plungeFrom the 4-hour analysis, the support below is around 3338-45. If the intraday retracement relies on this position, the main bullish trend will remain unchanged. The short-term bullish strong dividing line is 3320-25. Before the daily level falls below this position, any retracement is a long opportunity. Maintain the main tone of participating in the trend.
Gold operation strategy:
If gold falls back to 3338-45 and does not break, go long, stop loss 3329, target 3375-3380, and continue to hold if it breaks;
Time for the Hammer?” – When Price Breaks, Then Breathes🧠 What Just Happened?
The chart opens with a classic market behavior:
Price runs above recent highs — triggering a wave of emotional entries and stop hunts. Right after, it drops sharply, hinting that something deeper is at play.
This sequence reflects how markets often:
Bait retail traders with a breakout
Break structure suddenly
Then pull back — not for mercy, but to reload
🔍 Why This Pullback Matters
After the aggressive drop, price didn't just fall aimlessly. It paused and returned to a zone of imbalance , a gap where liquidity is still waiting. That retrace isn’t weakness — it’s intent.
This kind of setup teaches a key concept:
“The real move comes after the aggressive move — not before.”
📚 A Lesson in Patience
Most traders enter on the breakout (the sweep)
Smart traders enter on the pullback into value
Pros wait for the reaction + structure shift before doing anything
This isn’t about being first. It’s about being right when it matters.
🧭 Final Thought
The hammer doesn't fall until the trap is fully set.
Study these moves. Study the emotion behind the candles. That's where edge lives.
💬 Drop your thoughts — did you catch this behavior on Gold today?
🔁 Follow for more thought-driven, story-based chart breakdowns.
Gold 200% Trading SignalsI'm provided, here’s a breakdown of the buy trade setup and potential Take Profit (TP) levels for XAU/USD (Gold) on the 1-hour timeframe:
🟢 Buy Setup Summary:
Pattern Identified: Bullish wedge (indicates potential breakout upward).
Support Trend Line: Clearly marked under price, showing consistent higher lows.
Breakout Zone: Around 3,378.463 (current resistance area).
Setup Trigger: Buy after bullish breakout above resistance (3,378 area).
📌 Buy Entry:
Entry Price: After confirmed breakout and retest of resistance around 3,378.
🎯 Take Profit (TP) Levels:
1. TP1: 3,390 (psychological round number + minor resistance zone
2. TP2: 3,410 (intermediate resistance)
3. TP3 (Final Target): 3,450 (as per chart label: ~1000 pips move
🔒 Stop Loss (SL):
Below the wedge pattern, possibly at 3,295–3,305, depending on your risk tolerance.
🔁 Trade Management:
Consider trailing SL once TP1 is hit.
Watch for price action around TP1 and TP2 for partial profits or exit signs.
Be cautious around news events that could impact Gold prices (e.g., FOMC, CPI, etc.).
Let me know if you want this translated into a MetaTrader or TradingView script, or help setting alerts for each TP.
Gold 100% Trading SignalsAfter the changes in the first four trading days of this week, everyone is convinced that gold will rise after adjustment. Now that the trend has been strengthened, today we will discuss where the strength of this bullish trend can reach this week. This week, it has been emphasized that the expected rising space within the week will be 3370-3400. It has almost reached 3375. The target of the next wave of gold rise is 3400.
From a technical point of view, the daily line appeared on Wednesday, standing firmly above the middle track of Bollinger, and the moving average system diverged upward. In the 4-hour chart, the golden cross of the random indicator MA5-MA10 continued, which was good for intraday fluctuations and rises; MACD continued to hit the red kinetic energy column. In terms of form, it continued to rise slowly, which was a bullish signal; then it is expected to rise to the upper track high of Bollinger near 3400 under strong pressure. After this round of rising and pulling up, Bollinger opened in the 4-hour chart. Today may be a one-sided trend, and the intraday support is near 3342. After adjusting to 3342 during the day, you can go long and see today's rising space.
Gold operation strategy: It is recommended to go long at 3345-3350, stop loss at 3340, target at 3360-3370; it is recommended to go short at 3400, stop loss at 3410, target at 3380-3370.
XAU/USD: Ushering in a Critical Node of Long-Short GameYesterday, while CPI data boosted gold, the Middle East situation remained on the brink of explosion.
The regional tensions in the Middle East have escalated sharply. Religious differences and historical disputes have deepened the contradictions between the two nations, while the nuclear issue has further intensified the conflict. Iran insists its nuclear program is for peaceful purposes, but Israel has long alleged that Iran is secretly developing nuclear weapons, posing a significant threat to Israel's national security.
Recently, CBS News cited U.S. sources reporting that Israel is fully prepared to launch military operations against Iran. If Israel strikes Iran, Iran will inevitably fight back, potentially igniting all-out war in the Middle East. As a major global oil-producing region, turmoil in the Middle East will inevitably trigger sharp fluctuations in international oil prices, thereby impacting the global economy and drastically escalating market risk aversion.
Against this backdrop, gold, as a traditional safe-haven asset, has been hotly pursued by investors. Given that the current tension between Israel and Iran far exceeds previous levels, if all-out war breaks out, gold's safe-haven properties will be further activated, with prices likely to break through previous highs and continue to rise sharply. However, if the situation is controlled or eased in the short term, gold prices may drop rapidly as risk aversion subsides.
After breaking through the resistance of the narrow range at $3,350 and hitting $3,360 yesterday, gold prices pulled back to around $3,320. The current trading range is $3,330 - $3,380.
With the recent stable breakout, shorting is not advisable for now. The optimal strategy is to go long on pullbacks.
XAU/USD
buy@3340-3350
tp:3370-3380-3400
sl:3320
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
XAU/USD 12 June 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
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: Bearish.
Analysis and bias remains the same as analysis dated 22 May 2025.
In my analysis from 12 May 2025, I noted that price had yet to target the weak internal high, including on the H4 timeframe. This aligns with the ongoing corrective bearish pullback across higher timeframes, so a bearish internal Break of Structure (iBOS) was a likely outcome.
As anticipated, price targeted strong internal low, confirming a bearish iBOS.
Price has remained within the internal range for an extended period and has yet to target the weak internal low. A contributing factor could be the bullish nature of the H4 timeframe's internal range, which has reacted from a discounted level at 50% of the internal equilibrium (EQ).
Intraday Expectation:
Technically price to continue bullish, react at either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 3,120.765.
Alternative scenario:
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.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance and persistent 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:
xauusd 30mHey traders
I can see sell setup xauusd Pair in 30m time frame
wait for market
Also use proper money management
Always wait for confirmation/strong setup for open a trade.
Thank you and Good Luck!
Happy trading.
Gold Extends Gains Post-CPI | All Eyes on PPI for the Next Move XAUUSD – Gold Extends Gains Post-CPI | All Eyes on PPI for the Next Move
🌍 Macro Pulse: CPI Sparks Momentum, But Will PPI Sustain It?
Gold surged following softer-than-expected US inflation data on Tuesday, with the CPI rising just 0.1% MoM and 2.4% YoY—both below forecasts. This triggered a broad sell-off in the USD, a pullback in Treasury yields, and a renewed appetite for non-yielding safe havens like gold.
Markets are now increasingly pricing in a rate cut by the Fed in September, adding further fuel to the rally. However, Wednesday’s US PPI data could either reinforce this bullish sentiment or reverse it sharply.
📉 Technical Landscape – H1 & H4 View
🔹 Trend Bias
The bullish structure remains intact, with price carving out higher highs and higher lows since the 3312 level. The recent breakout above 3370 confirms bullish momentum.
🔹 Price Channels
Gold continues to track within a defined ascending channel. A potential retest of the lower trendline near 3345–3350 could provide a dip-buying opportunity.
🔹 EMA Structure
The price trades comfortably above the 13, 34, 89, and 200 EMAs.
Short-term EMA crossovers are supportive of continued upside.
🔹 Critical Resistance Ahead: 3392 – 3395
A key technical zone combining Fibonacci extension levels and recent rejection wicks. A decisive break or rejection here will set the tone for the next 48 hours.
🧠 Market Psychology & PPI Scenarios
The market is currently optimistic, but still cautious. The PPI report due later today will likely serve as the next directional trigger:
If PPI prints below estimates → reinforces disinflation narrative → potential breakout above 3,400 with upside targets towards 3,420+.
If PPI comes in hot → raises concerns about sticky input costs → possible short-term reversal or consolidation.
Expect volatility to spike during the New York session.
🎯 Today’s Tactical Trade Setups – 12 June
🟢 Buy Zone: 3324 – 3322
Stop Loss: 3318
Take Profit Targets: 3330 – 3334 – 3338 – 3342 – 3346 – 3350
🟢 Buy Scalp Zone: 3337 – 3335
SL: 3330
TPs: 3341 – 3345 – 3350 – 3354 – 3360 – 3370 – 3380
🔴 Sell Zone: 3392 – 3394
Stop Loss: 3398
Take Profit Targets: 3388 – 3384 – 3380 – 3375 – 3370 – 3360 – 3350
✅ Final Take
Gold bulls are in control, but the PPI data will likely dictate whether momentum continues or stalls. With key resistance just ahead and macro risk on the table, this is not the time to trade blindly.
🧭 Strategy Tip: Let price confirm the reaction to PPI. Don’t pre-position into volatility. Play the breakout or the fade—but wait for clarity.
Gold @ CRUCIAL Resistance $3390Gold has a very important resistance at $3390, which is two resistances combined together,
- the previous high
- the former broken support
now its time for gold to show up.
Repeated sweeps, gold trend analysis and operation layout📰 Impact of news:
1. Pay attention to the initial unemployment claims data
📈 Market analysis:
Gold price jumped higher in Asian session. The short-term upper pressure is at 3375. Once it breaks, the upward route of bulls will be opened. The RSI indicator in the 1H chart began to retreat after touching the overbought area. Last night's high of 3360 is now a breakthrough, and the previous strong suppression is at 3350. This morning's Asian session was also broken and stabilized. Then 3360-3350 has changed from a suppression position to a support position. Therefore, the next position we should pay close attention to should be around 3360-3350. If it can fall back to 3360-3350 in the future, it is possible to enter the market to do more, but at the same time, it is also necessary to defend 3345. Independent trading requires a SL.
🏅 Trading strategies:
BUY 3360-3350
TP 3370-3380-3400
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
Gold Coiling in Rising Wedge Ahead of CPI: Breakout Imminent?XAUUSD – Gold Coiling in Rising Wedge Ahead of CPI: Breakout Imminent?
Gold (XAUUSD) is compressing within a well-defined rising wedge pattern on the 1H chart, signaling that a decisive move is near. With the U.S. CPI report due on June 12th, traders should prepare for volatility driven by macroeconomic catalysts. Whether gold breaks higher or reverses depends on how the market digests inflation data.
🌍 Macro Backdrop: All Eyes on Inflation
📌 U.S. CPI (June 12): A softer-than-expected reading could revive Fed rate cut expectations and send gold higher. A hotter-than-expected CPI could strengthen the U.S. dollar and Treasury yields, putting pressure on gold.
📌 U.S.–China Trade Sentiment: Diplomatic progress in trade talks reduces safe-haven demand in the short term, weakening gold's defensive appeal.
📌 DXY & Bond Yields: A breakout in DXY or a sharp rise in U.S. bond yields post-CPI may lead to a corrective leg lower in XAUUSD.
📈 Technical Overview – Multi-Layered Structure
Pattern: Gold is forming a rising wedge between higher lows and converging highs, typical of breakout scenarios.
Fibonacci Levels (retracement from 3,400 to 3,296):
0.382: 3,336 – intermediate support
0.618: 3,360 – significant resistance, near current swing highs
Moving Averages:
Price is currently above EMA34 and EMA89
Struggling below EMA200 (red), which acts as dynamic resistance
FVG Liquidity Zone: An open Fair Value Gap between 3,360 – 3,374 could act as a magnet before any reversal.
🎯 Trade Strategy Scenarios
🟢 Buy Scenario – Bounce from Support Zone
Entry: 3314 – 3312 | Stop-Loss: 3308 | Take-Profit: 3318, 3322, 3326, 3330, 3335, 3340
Ideal if CPI comes in lower than expected or aligns with a bullish technical rejection from wedge support.
🔴 Sell Scenario – Rejection from Resistance Zone
Entry: 3374 – 3376 | Stop-Loss: 3380 | Take-Profit: 3370, 3366, 3362, 3358, 3352, 3348, 3340
Valid if price taps into the upper liquidity zone (3,374–3,394) and fails to break, especially on CPI surprise to the upside.
🧠 Tactical Conclusion
A dovish CPI → favors BUY setup off lower wedge support
A hawkish CPI → favors SELL near upper resistance and liquidity zones
📌 The market is compressing and gearing up for a breakout. Patience is key — wait for confirmation at key zones and manage risk precisely.
GOLD IS MOVING UPWARD.#xauusd #gold
Hello friends, very busy this days and also no well, had little health issue. But I was watching gold closely in that days too, caught some great moves. In previous analysis I mentioned gold will move upward, unfortunately gold breaked the pattern and moved down to 3394 after that we see again upward movement started. Again a bearish flag pattern is formed but due to tension in geopolitics gold is strongly bullish also yesterday was CPI news where dollar news was negative and dollar move down due to which gold pushed upward. Today gold opening was in gap in upward.
Today I am expecting to move upward and later on it will definitely come down to fill the gap near 3355. So our main target is now 3380-3391-3402.
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Gold Trading Strategy June 11Yesterday's D1 candle was still a balance candle closing below the important breakout zone 3347. Today's Asian session, strong buying pressure pushed the price back close to the important resistance zone in shaping the trend.
3326 is also worth noting in the European session, so wait for price reaction to BUY, but in the US session, there is CPI news, this zone will be difficult to maintain. The breakout zone 3310 is also very important to wait for price reaction for BUY scalping points. 3295 is an important daily support zone. If there is a price slide from 3295, do not BUY until it touches the support zone 3275.
In the opposite direction of today's Break 3345, wait for 3363-3365 to SELL. The 3345 zone is considered a Breakout zone when broken to trade BUY.
Support: 3310-3295-3275
Resistance: 3364-3380
