XAUUSD (SHORT)
Price broker the trendline and had to come back to retest it to confirm breakout. We expecting bears to come in for fither sells.
NB:DXY correlating with GOLD direction as extra confirmation,
GOLD trade ideas
Short position is expected As price reacted to demand area, we expect that the price will continue to move in uptrend.
Smart Money / Price Action 5min scalping road map# 📈 ABC Pattern Explained for TradingView (Smart Money / Price Action)
The **ABC pattern** is a 3-leg corrective move in market structure, commonly used in price action, Elliott Wave, and Smart Money trading. It's mainly used to identify **pullbacks** or **correction zones** before a continuation of the main trend.
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## 🔹 Structure of the ABC Pattern:
- **Point A**: The beginning of the move — often the end of a strong impulsive wave.
- **Point B**: The first retracement or pullback from Point A.
- **Point C**: The second corrective move that often goes beyond A, forming the completion of the correction phase.
The ABC legs can be:
- **A to B**: Impulsive or corrective.
- **B to C**: Generally a counter-trend retracement.
---
## 🔸 How to Identify on Chart:
1. **Find a strong trend** (uptrend or downtrend).
2. **Look for the first correction** — mark it as Point A to B.
3. **Next wave** that attempts to continue the trend but fails — mark the end as Point C.
4. **Use Fibonacci tools** to measure:
- **B retracement of A** (typically 50%–78.6%)
- **C extension** of AB (typically 127.2%–161.8%)
---
## 🔧 How to Draw on TradingView:
> You can use the `Trend-Based Fib Extension` tool or draw manually using the `Path` or `ABC pattern` tool.
### Step-by-Step:
1. Select the `ABC Pattern` tool from the **left toolbar** under “Prediction and Measurement Tools”.
2. Click on **Point A** (3320$).
3. Click on **Point B** (3350$).
4. Click on **Point C** (final corrective wave 3300$ ).
5. TradingView will automatically plot the shape with labels.
---
## 🧠 Pro Tips:
- Look for **liquidity sweep** or **order blocks** near Point C.
- Entry opportunity is often **after C**, targeting a **continuation** of the main trend.
- ABC is often part of **larger structures** like **complex pullbacks** or **smart money retracements**.
---
## ✅ Example Use:
- **Buy Scenario**:
- Strong uptrend → Price drops from A to B (retracement).
- Then price rises to C, failing to break above A → Possible new higher low formed.
- Enter long if price breaks above Point B again.
- **Sell Scenario**:
- Strong downtrend → A to B is a pullback.
- C attempts new high, fails → short entry after break of B.
---
## 📌 Settings Tip for Mobile Users:
- Zoom in for better point control.
- Use “Lock” feature to prevent accidental move.
- Customize color and label visibility in the style tab.
---
## 🔍 Keywords:
`ABC Pattern`, `Elliott Correction`, `Smart Money`, `Liquidity Grab`, `Break of Structure`, `Trend Continuation`, `Price Action Trading`, `Market Structure`
---
GOLD - WAVE 5 BULLISH TO $3,734 (UPDATE)As I said on our last update, this 'Gold Bullish Scenario' remains valid as price has still failed to close below $3,245 (Wave 2) low.
As long as Gold remains above Wave 2 high ($3,245), this Gold bullish bias remains an option. As traders we always have to be prepared to adapt to different market conditions.
Gold is in the Bearish Direction after Formation ManipulationHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
XAUUSD Gold Trading Plan – Monday, 4th August 2025 (M30 TF)Strategy Type: Intraday Trend Trading (Buy-the-Dip)
Timeframe: 30-Minute (M30)
Market Bias: Bullish
Execution Style: Step-Ladder Scaling into Strength
🧠 Market Outlook
Gold remains in a bullish trend structure, supported by geopolitical risk, moderate inflation sentiment, and the weakening US Dollar. While Friday showed signs of short-term exhaustion, price is still forming higher lows on the 30-minute chart, suggesting intraday momentum remains to the upside.
Based on current price action and Fibonacci retracement levels, I expect a healthy pullback early Monday before a push towards new short-term highs. I will be trading in phases — buying on dips and scaling out at each resistance zone.
✅ Phase 1: Buy on Dip at 3352 (Key Support Zone)
Entry Zone: 3352
Reasoning:
3352 lines up with M30 demand zone (previous accumulation area)
61.8% Fibonacci retracement of the last M30 bullish swing
Likely to act as intraday support if price retraces from current levels
Confirmation:
Strong bullish candlestick reversal (e.g. bullish engulfing, hammer, or rejection wick) on M30
Volume uptick or bullish divergence on RSI preferred
Stop Loss:
Just below 3346 (below the last valid swing low to protect the trade)
🎯 Target 1: 3361
Why: This is the first intraday resistance and previous minor high on M30
Action:
Secure partial profits (~50%)
Move SL to breakeven or +5 pips to protect capital
Wait for next retracement
✅ Phase 2: Wait for Pullback After 3361
Retracement Zone: Expected dip to 3356–3358 area (new higher low)
Re-Entry Condition:
Retest of breakout level with strong bullish candle on M30
Maintain bullish market structure
🎯 Target 2: 3370
Why: This is the next resistance zone and price magnet based on Friday's volume profile
Action:
Secure additional 30% profit
Trail SL below structure (~3362)
✅ Phase 3: Wait for Final Dip Before Final Push
Retracement Zone: Around 3364–3366 (support flip area)
Re-Entry Condition:
Rejection of this zone with continuation pattern (bullish flag, ascending triangle)
🎯 Target 3: 3379
Why: 3379 is near the top of current intraday channel and strong resistance on 4H/M30
Action:
Close all remaining positions
Assess for potential breakout above 3380 only if momentum is strong
⚠️ Risk Management Plan
Max Risk: 1.5% account risk split across 3 phases (0.5% per entry)
All SLs defined before entry — no averaging down
Trades invalidated if price breaks and closes below 3346 on M30
🔁 Summary Table
Entry Level Target Action
Buy @ 3352 TP1 = 3361 Secure partial profit, trail SL
Re-buy ~3356–3358 TP2 = 3370 Secure partial profit, trail SL
Re-buy ~3364–3366 TP3 = 3379 Close full position
🧭 Other Key Watch Points
DXY: Watching for rejection below 104.60 – bullish for Gold
News Events: Low-impact day; watch for any unscheduled Fed speakers
RSI + Volume: Using RSI (14) and OBV to confirm entry strength on M30
Go long on gold at low prices, targeting above 3400.Go long on gold at low prices, targeting above 3400.
Gold 4-Hour Chart:
As shown in the chart, from a macroeconomic perspective, despite the rise in gold prices, it remains trapped within a trend channel.
Currently, gold prices are under pressure in the 3370-3380 range.
On Friday, driven by risk aversion, gold prices briefly rose to $3363. With the Federal Reserve resuming its rate hikes over the weekend, expectations for a September rate hike have risen to 80%.
The most robust strategy for gold prices next week: enter long at low prices and manage your position accordingly.
Going long at current prices is not recommended. Instead, watch for potential declines due to profit-taking after the price dips.
Upward resistance lies near 3370 and 3380, where previous reversals occurred.
Every waterfall pattern offers a buying opportunity on the decline.
Although gold is currently strong, if we are bullish, we should not chase the gains. Simply wait patiently for prices to fall back to lower levels before going long.
Short-term intraday trend
Upside focus: Resistance at 3372-3385
Downside focus: Support at 3345-3340 and 3315-3320.
Gold Strategy:
1: Buy on the first dip into the 3338-3343 range, with a small stop-loss and a target price of 3370-3380.
2: Go long at low prices and control position size. This is definitely the most stable trading strategy. Patiently maintain a swing strategy. Target 3400+.
3: Continue to monitor resistance near 3440 next week. As shown in the chart, a converging triangle pattern may form.
Gold Plan B For 4 Aug onwardsAs you can see that gold is moving good in channel of Bullish so next hurdle can be 3374-3380 and then it can retest the support of Non-Farm 3336-3340 and then continue this channel till further 3452-3458 and then we can expect a big fall in gold and this time support point will be 3290-3300 which will hold gold to go up again.
How to maintain stable operations before NFP dataYesterday, gold closed the month with a long upper shadow doji candlestick, indicating strong upward pressure, with monthly resistance at 3439-3451. Today marks the beginning of the month, and with the release of numerous data indicators such as NFP, unemployment benefits, and PMI, there is considerable uncertainty, so intraday trading should proceed with caution.
Judging from the daily chart, the current MACD indicator is dead cross with large volume, and the smart indicator is running oversold, indicating a low-level fluctuation trend during the day. At present, we need to pay attention to the SMA60 moving average and the daily middle track corresponding to 3327-3337 on the upper side, and pay attention to the intraday low around 3280 on the lower side. The lows of the previous two days at 3275-3268 cannot be ignored. There is a possibility that the low-level oscillation will touch the previous low again.
From the 4H chart, technical indicators are currently flat, with no significant short-term fluctuations expected. Low-level volatility is expected to persist within the day. Then just focus on the support near 3275 below and the middle track pressure near 3307 above. Looking at the hourly chart, gold is currently oscillating below the mid-range band, with resistance at 3295-3307 to watch in the short term.
Overall, the market is expected to remain volatile before the release of today's data. Based on Wednesday's ADP data, this round of data is also expected to be around $100,000. The contrast between ADP and NFP last time deserves our caution. The current market is basically optimistic about the short-selling situation, which is exactly what I am most worried about. If the gold price can stabilize above 3,300 before the NY data, the possibility of NFP data being bullish cannot be ruled out.
Intraday European trading suggestion: if the current gold price falls back to 3285-3280 and stabilizes, you can consider short-term long positions, with the target at 3295-3305. If the gold price tests the low of 3275-3268 again and does not break through, you can consider a second chance to go long. After making a profit of $10-20, you can consider exiting the market with profits. The market is volatile and unstable, so be sure to bring SL with you and pay close attention to the impact of the NFP data. Conservative investors can enter the market after the data is released.
I maintain my #3,277.80 and #3,252.80 TargetsI didn't engaged any re-Sell orders throughout yesterday's session and re-Sold Gold on #3,295.80 ahead of Asian session, with plan to keep orders over-night. However due NFP, Gold might be stationary / ranging until the news as I closed both of my orders on #3,291.80 / each #9.000 Eur Profit and my #3,300.80 pending Sell limit has been triggered over-night which is now running in Profits with Stop on breakeven. I do expect #3,277.80 and #3,252.80 Targets to be met within #1 - #3 sessions and if there aren't NFP numbers, I would keep all three orders / set of Selling orders maintaining my first #3,277.80 Target. Due the news, Gold might fluctuate within Neutral Rectangle until the news.
Technical analysis: My earlier Selling configuration / Technical expectations was confirmed on Hourly 4 chart under prolonged weakness and Price-action respecting the trend-line guarding the downtrend (very Bearish formation) as Hourly 1 chart is already an aggressive Descending Channel (width opened on Williams) that should reach it’s next local Low’s (currently Trading slightly below Double Bottom) and Oversold state near my take Profit of #3,252.80 benchmark. If the bands are widened Traders may witness #3,277.80 test, also if gets invalidated and #3,270.80 gives away, #3,252.80 mark extension test is inevitable. In any case I will update my Targets or levels of Profit taking if I decide to exit earlier than #3,252.80 benchmark to be in accordance with the Daily chart’s period / I already ride Selling wave since #,3,300's and my Profit will be already good to ignore.
My position: DX is soaring, Gold is under Bearish Technical developments and #3,252.80 benchmark is my final Target of current Selling leg. Only factor which can reverse this Intra-day but not postpone is NFP. I expect downside Jobs surprise which may reverse DX from local High's however hot upside surprise will make Gold test #3,252.80 Intra-day. NFP or not I do believe Gold is Bearish. Trade accordingly.
XAUUSD: BUYThere are some good trading opportunities in the market. That's when to buy. Gold prices haven't fallen further since falling back to 3390. There's no further negative news. Therefore, there won't be a significant short-term decline. Our focus will be on tomorrow's non-farm payroll data update. This is a crucial factor that can cause gold prices to rise or fall significantly in the short term.
I'll update you with real-time buy and sell opportunities. This is based on research from the Swing Trading Center. It's highly authoritative. Don't miss out! Remember to stay tuned.
XAUUSD: BUY 3292-3282 TP 3320. SL 3265
Gold is faking a bullish trapWe are gonna go down to the 3294 level before we see a bounce up. The 3294 level is gonna show up as a strong support to push trough the 3345 area.
Xauusd sell to buy ideaThere is going to be more sells all the way down to the support zone before a big buy to ALL TIME HIGH let's anticipate
Gold remains below trend line ahead of FOMCAhead of today's US GDP and FOMC policy decision, gold was trading little-changed. The metal has breached its 2025 bullish trendline, which was positioned in the $3,330–$3,350 area. This breakdown shifts the technical outlook to mildly bearish, although further downside confirmation is needed through the loss of additional support levels to solidify bearish control.
From a bullish standpoint, the metal must reclaim and hold above the broken trendline to reignite upward momentum. However, the longer it remains below the $3,330–$3,350 zone, the greater the likelihood of a short-term correction—particularly if the immediate support at $3,300 fails. A break below this level would expose the June low at $3,247 as the next significant support.
By Fawad Razaqzada, market analyst with FOREX.com
On the upside, resistance is now stacked at $3,350, $3,385, and $3,430
7/30: Watch for Sell Opportunities in the 3352–3363 ZoneGood morning, everyone!
After a period of consolidation and decline, gold has found preliminary support near the 3300 level, and early signs of a bottom formation are emerging. The key technical level now lies around the 3332–3337 resistance zone. Based on current price structure, a breakout is likely, with major resistance seen at 3352–3358, while 3323–3316 serves as the primary support range.
However, caution is warranted as today’s ADP employment data may significantly influence short-term price action. Whether gold can hold above the 3337–3343 level depends on the data's impact.
From a broader perspective:
On the weekly chart, the 20-period moving average (MA20) has climbed to around 3276, yet the overall structure remains bearish for bulls
On the daily chart, gold is still trading below the MA60, facing notable resistance
This week's key events — ADP (Wednesday), jobless claims, and NFP (Thursday and Friday) — will likely shape gold’s medium-term trend
Trading Strategy for Today:
Focus on the 3313–3353 trading range, and be highly responsive to data-driven volatility.
Important note: If gold rises to 3343–3358 before the ADP release, then regardless of whether the data is bullish or bearish, the preferred approach is to sell into strength, as a post-data pullback is a likely scenario.
XAUUSD – TCB Strategy Setup✅ TCB Strategy Analysis
Trend Phase
HTF Bias: Recently shifted from bearish to potential bullish — clear breakout from descending channel.
Current Structure: Price has broken above channel and retested former structure resistance (~3325) as support.
Bias: Bullish continuation forming.
🚨 XAUUSD – TCB Strategy Setup (EP1 Active, EP2 Pending) 💥
Price just broke out of the descending channel and is now forming a solid base above the 3325 zone.
✅ EP1 (Pullback Buy) already triggered after price retested support.
📍 EP2 will activate on clean breakout + retest of 3330 zone.
🎯 Targets:
• TP1: 3348
• TP2: 3356–3360
If price loses 3325 structure, we reassess. For now, I’m bullish while structure holds.
This setup aligns 100% with the TCB Strategy:
Trend Phase: Bullish structure forming
Countertrend: Liquidity sweep + reclaim
Breakout Phase: Incoming on 3330 retest
🧠 Flow with structure, not emotion.
💬 Drop your comment if you're trading Gold too.
#TCBFlow #XAUUSD #GoldAnalysis #SmartMoney #BreakoutTrading #FlowWithTCB
XAU/USD) Bearish Trend Read The captionSMC Trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, suggesting a potential short-term sell setup targeting a key support zone.
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Analysis Summary
Asset: XAU/USD (Gold Spot)
Timeframe: 1H
Current Price: 3,371.56
Bias: Bearish pullback toward lower support
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Key Technical Insights
1. FVG (Fair Value Gap):
Price tapped into a premium supply zone / FVG (highlighted in yellow at the top), showing rejection.
This zone likely acted as a liquidity grab, triggering potential reversal.
2. Structure Shift (SS):
Minor bullish market structure appears to be breaking down, signaling a shift in momentum.
3. Target Point:
Price is expected to revisit the support zone at 3,330.77, where prior accumulation and a bullish order block exist.
This also aligns with the 200 EMA around 3,340.48, adding confluence.
4. RSI (14):
RSI is currently at 54.86, indicating neutral momentum with room for downside.
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Target Point
Target Zone: 3,330.77 (Key support and potential long re-entry area)
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Trade Idea
Direction Entry Zone Stop-Loss Target
Sell 3,370–3,375 Above 3,390 3,330
Mr SMC Trading point
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Summary
Gold is showing signs of short-term exhaustion after filling the FVG zone and is likely to pull back toward the 3,330 support area, making it a potential intraday short opportunity. The structure break, EMA, and RSI support this retracement.
Please support boost 🚀 this analysis)
XAUUSD Outlook – Technical Correction Expected Amid Bullish Fund🧠 Narrative Summary:
Gold remains fundamentally supported by:
🇺🇸 US Factory Orders MoM came in at -4.8% (Forecast -4.8%, Previous 8.2%) – a sharp slowdown signaling weaker manufacturing momentum.
🏛️ Markets now price an 80% chance of a 25bps Fed rate cut in September.
🧑💼 Fed Governor Adriana Kugler’s resignation opens the door for a dovish replacement (possibly by Trump).
🔥 Trump reportedly fired the BLS head over “data manipulation” accusations – raising data credibility risks.
📈 COT data shows speculator sentiment above 50%, confirming a bullish stance.
☑️ All signs point to a supportive macro backdrop for Gold.
🧪 My Bias (Short-Term View):
Despite the strong bullish macro backdrop, I’m watching for a short-term technical correction today (Tuesday):
“Markets often react in advance of data – and after such a strong run, a liquidity grab or pullback could create better entry zones.”
📉 Technical Breakdown:
🔹 15-Min Chart:
Price is hovering near point of control/resistance, forming potential distribution.
Clean bullish channel, but upside momentum is slowing.
🔹 4H Chart:
Price has reached the upper edge of the descending channel.
No proper retest on the lower channel → room for liquidity sweep below.
RSI nearing overbought zone.
🎯 Trading Plan:
Watching for a short-term sell-off / correction during Tuesday’s session.
Will reassess based on Wednesday’s ISM Services & Fed speaker lineup.
Not chasing highs — waiting for potential re-entry from discounted zones.
📌 Powell Watch:
Despite dovish pricing, remember — Powell has held firm for months. One weak report may not be enough to guarantee a cut. “Slow to hire, slow to fire” still equals a balanced labor market.
Gold prices fluctuate. Bullish theme?From a technical perspective, gold prices have retraced above key moving averages, and the RSI has turned bullish. Short-term resistance for gold is near 3370. Can gold continue its sharp rise this week? Will there be a new rise? This depends on the performance of risk aversion in the market this week.
Quaid believes that 3330 is the watershed between bulls and bears at the beginning of the week. As long as the market is bullish, this level must not be broken. If it is broken, the gold trend will directly turn weak. Whether this week's daily moving average can continue to rise is key to triggering a bullish trend in gold.
From the 4-hour chart, pay attention to the range pressure position of 3370-3375 on the upper side, and the support on the lower side is around 3330-3335. If the price falls back at the beginning of the week, it can be bullish based on this position. The short-term bullish strong dividing line should pay attention to this range.
Why Did I Lose XAUUSD During NFP Time .... Waiting for a Miracle
Why Did I Lose XAUUSD During NFP Time 😢 While I Was Waiting for a Miracle 😉… and Everyone Else Cashed In? 🤑
Alright, champ. Let’s break down why you lost your short trade around $3,348 per ounce, while the whole world seemed to be printing money. This one’s for the smartest and slickest trader on Egyptian soil—but explained like someone who actually understands market behavior, not someone blindly quoting a textbook. Grab a pen and paper. Let’s dig in.
⸻
🔥 Part 1: “You Faced NFP Like You’re Superman”
❌ What Happened:
• Price shot up hard after the NFP release.
• You said, “That’s too much—it must come down.”
• You went short from the top (around 3,305).
😵💫 Where You Went Wrong:
• NFP isn’t just any move—it’s nuclear fuel for the market.
• The move that follows it is usually an impulse wave—it continues, it doesn’t pull back.
• The market doesn’t drop just because it went up a lot. It drops when:
• Volume dries up.
• Buyers get bored.
• You spot negative delta or divergence.
⚠️ None of that was present when you shorted.
✅ The Smarter Mindset:
“During major news events like NFP, the market doesn’t pull back—it follows through.”
⸻
🔥 Part 2: “Volume Was Screaming in Your Face: I’m Not Done Yet!”
📊 What You Saw:
• Positive delta.
• Increasing volume.
• Big lot sizes hitting the ask side.
❌ What You Ignored:
• No divergence between effort and result.
• Buyers were still strong—no weakness.
• Price wasn’t reacting to resistance; it was smashing through it.
💡 Big Difference Between:
• Absorption = buyers easing the price up slowly.
• Rejection = buyers failing and price slapping back.
You mistook absorption for rejection—classic rookie mistake.
✅ The Real Lesson:
“As long as volume is pushing price, stick with the trend.”
⸻
🔥 Part 3: “You Misused Fibonacci Like a Hammer on a Screw”
❌ What You Did:
• You shorted at the 125%-150% Fibonacci extensions.
• You said, “Price must reverse here.”
📏 What You Should’ve Known:
These levels (138.2%, 150%, 161.8%, 200%) are not sell zones.
They are target zones for buyers, not resistance levels.
✅ The Correct Use:
• Use 125% or 138.2% as breakout buy zones.
• Take profit at 161.8% or 200%.
These are where bulls take profits—not where you blindly short just because “it went up a lot.”
⸻
🎯 Why You Can’t Just Sell There:
Because those zones are:
• Where buying continues.
• Not where it stops—unless momentum fades.
That only happens when:
• Volume drops.
• Delta turns negative.
• Rejection wicks appear.
But what did you do?
You shorted into momentum—while buying was on fire—thinking, “It must stop here!”
⚠️ Nope, bro. That train was still moving—you just stepped in front of it.
⸻
🔥 Part 4: “You Forgot Market Psychology”
🤔 What That Means:
• After NFP:
• Smart money enters early.
• Retail traders wait and watch.
• When price breaks up, retail chases → market moves more.
• Smart money sells into their faces and takes profit.
❌ Your Mistake:
• You tried to be clever and beat the market.
• You didn’t ask:
• Who’s on the market’s side?
• Who’s chasing?
• What will the crowd do next?
When retail feels FOMO, they chase → and that’s what drives continuation.
⸻
🧠 Pro Playbook for NFP-Driven Impulse Moves
✅ Ideal NFP Trade Setup:
1. News release: NFP
2. Price action: Big breakout from range.
3. Confirmation:
• Increasing volume
• Positive delta
• No rejection wicks
4. Entry: Buy Stop above 125% or 138.2%
5. Stop Loss: Below the breakout candle
6. Targets:
• TP1: 161.8%
• TP2: 200%
Now that’s how you use Fibonacci properly, not like people randomly dragging lines around.
⸻
🎯 Where to Draw the Fib Levels From?
✅ The Rule:
From the start of the explosive move to the first clear top right after the news.
🧨 For NFP:
• From: the low of the NFP candle (or the first strong move after the news).
• To: the first visible high with:
• A pause in upward momentum
• A doji candle
• Rejection wick
• Or minor resistance before the move continues
Example:
• Low: around 3,291.50
• Temporary high: around 3,316.00
Draw your Fib from:
• Bottom = 3,291.50
• Top = 3,316.00
⸻
✳️ How to Use the Levels After That:
• 100% = Move ends at the high
• 125% = First extension
• 138.2% = Real ignition point
• 161.8% = Golden target
• 200% = Full wave target
💡 Why Use Buy Stops Above 125%-138.2%?
Because:
• Price breaks above previous highs (lots of traders sell there).
• It creates fake sell traps.
• You enter after the stop-hunt, when the market wipes out sellers and goes higher.
⸻
🔥 How That Looks in Practice:
1. Draw Fib from the start of the NFP impulse move.
2. Wait for price to reach 125% or 138.2%.
3. Place a Buy Stop just above that.
4. Aim for 161.8% or 200% as targets.
XAUUSD - Daily | More Consolidation??Gold is back in the upper range of this consolidation zone. You can see the high of the range is 3430, and the low is 3240 roughly.
Bulls:
Gold is pulling back into an Inverted FVG. If the price is bullish, then we should clear the gap with ease. Gold has just eliminated 4 days' worth of choppy bearish price action. Look for gold to give clear signs to enter a buy.
**A new daily candle should appear, creating a new FVG showing buyers are winning
Bears:
So with that said... If Gold fails to remain bullish after Friday's (Aug 1st) 700-pip jump, then the iFVG may have the price react bearishly. Watch for gold to give a clear sign of rejection before entering a sell
**Price may drop to cover Friday's gap. Doesn't mean it's bearish
Gold is significantly bullish, where can we short?The positive non-farm payroll report pushed the market from 3300 directly above 3330, demonstrating overall bullish momentum. Congratulations again, everyone. Real-time strategies are like a beacon guiding your investment journey. The market will never disappoint those who persevere and explore wisely. Charlie advises against blindly chasing highs. Trading advice (first hit is valid): Focus on key support levels: 3300 and 3310. Go long if these levels are reached.
~For those who want to go short above 3350-55, only use a stop-loss and feel free to try~ PEPPERSTONE:XAUUSD FXOPEN:XAUUSD ACTIVTRADES:GOLD FXOPEN:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD VELOCITY:GOLD
Gold Analysis and Trading Strategy | August 1✅ Fundamental Analysis
🔹 Trump Signs New Tariff Executive Order
On July 31, President Trump signed an executive order imposing a new round of tariffs on countries including Canada and India, while Mexico was granted a 90-day grace period. This move has once again heightened global trade uncertainty, fueling risk-off sentiment and providing support to gold.
🔹 Dollar Strength Limits Gold's Upside
Despite the increase in risk aversion, the U.S. Dollar Index has risen sharply, exerting downside pressure on gold. As a result, the price of gold remains capped, with a tug-of-war between bulls and bears dominating market dynamics.
🔹 Key U.S. Economic Data in Focus
The U.S. Non-Farm Payrolls (NFP) report is the major event on the calendar today. It is expected to be a decisive driver for short-term gold direction:
If the data is bullish for gold (e.g., weak job growth or slower wage increases), gold may retest the 3340 level.
If the data is bearish for gold (e.g., strong job gains or higher wages), gold may break below 3260, continuing its downward trend.
Ahead of the data release, gold is likely to remain in a consolidation range, with market participants generally adopting a cautious stance.
✅ Technical Analysis
🔸 Daily Chart Structure:
Gold printed a gravestone doji yesterday, characterized by a long upper shadow, indicating strong selling pressure at higher levels. The overall trend remains weak. After four consecutive daily declines followed by a minor rebound, another strong bearish candle has emerged, signaling a continuation of the downtrend.
🔸 Hourly Chart Structure:
On the 1-hour timeframe, gold remains below all major moving averages, which are aligned in a bearish formation. Despite multiple rebound attempts, each high has been lower than the last, reflecting diminishing bullish strength. The second U.S. session high was capped around 3310. If today's rebound fails to break above that level, the bearish trend remains dominant.
🔴 Resistance Levels: 3305 / 3315 / 3340
🟢 Support Levels: 3275 / 3260 / 3245
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3305-3310 area. Target: 3285-3270；If support breaks, the move may extend to 3250.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3245-3250 area. Target: 3265-3275；If resistance breaks, the move may extend to 3285.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
