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CFDs on Gold (US$ / OZ)

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GOLD trade ideas

Learn What is PULLBACK and WHY It is Important For TRADING In the today's post, we will discuss the essential element of price action trading - a pullback. There are two types of a price action leg of a move: impulse leg and pullback. Impulse leg is a strong bullish/bearish movement that determines the market sentiment and trend. A pullback is the movement WITHIN the impulse. The impulse leg has the level of its high and the level of its low. If the impulse leg is bearish , a pullback initiates from its low and should complete strictly BELOW its high. If the impulse leg is bullish , a pullback movement starts from its high and should end ABOVE its low. Simply put, a pullback is a correctional movement within the impulse. It occurs when the market becomes overbought/oversold after a strong movement in a bullish/bearish trend. Here is the example of pullback on EURJPY pair. The market is trading in a strong bullish trend. After a completion of each bullish impulse, the market retraces and completes the correctional movements strictly within the ranges of the impulses. Here are 3 main reasons why pullbacks are important: 1. Trend confirmation If the price keeps forming pullbacks after bullish impulses, it confirms that the market is in a bullish bearish trend. While, a formation of pullbacks after bearish legs confirms that the market is trading in a downtrend. Here is the example how bearish impulses and pullbacks confirm a healthy bearish trend on WTI Crude Oil. 2. Entry points Pullbacks provide safe entry points for perfect trend-following opportunities. Traders can look for pullbacks to key support/resistances, trend lines, moving averages or Fibonacci levels, etc. for shorting/buying the market. Take a look how a simple rising trend line could be applied for trend-following trading on EURNZD. 3. Risk management By waiting for a pullback, traders can get better reward to risk ratio for their trades as they can set tighter stop loss and bigger take profit. Take a look at these 2 trades on Bitcoin. On the left, a trader took a trade immediately after a breakout, while on the right, one opened a trade on a pullback. Patience gave a pullback trader much better reward to risk ratio with the same target and take profit level as a breakout trader. Pullback is a temporary correction that often occurs after a significant movement. Remember that pullbacks do not guarantee the trend continuation and can easily turn into reversal moves. However, a combination of pullback and other technical tools and techniques can provide great trading opportunities. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
1
Gold - The clear top formation!🪙Gold ( TVC:GOLD ) just created a top formation: 🔎Analysis summary: Over the past four months, Gold has overall been moving sideways. Following a previous blow-off rally of about +25%, this cycle is very similar to the 2008 bullish cycle. Bulls are starting to slow down which will most likely result in the creation of at least a short term top formation. 📝Levels to watch: $3.000 🙏🏻#LONGTERMVISION Philip - Swing Trader
TVC:GOLDShort
by basictradingtv
10
XAUUSD: Market analysis and strategy for July 24.Gold technical analysis: Daily chart resistance 3440, support 3310 4-hour chart resistance 3390, support 3340 1-hour chart resistance 3375, support 3360. Yesterday, according to news, the United States and the European Union were close to reaching a trade agreement, which led to the recent risk aversion sentiment to subside, and the bulls took profits. The gold price has fallen by nearly $80 from its peak. From the current power comparison, the bears are temporarily dominant. Since yesterday, the candlestick chart of the 4-hour chart has completed 6 candles today (2 of which are sideways and 4 are falling sharply). It is expected that it will not rebound until today's NY market trading session. Gold may reach 3359 or even 3340. At that time, we will observe the stabilization of the candlestick chart. Once the downward momentum is exhausted and it starts to close higher, we can buy. The upper pressure is 3380/3400. Buy: 3359near Buy: 3340near Sell: 3380near Sell: 3400near
OANDA:XAUUSDShort
by ActuaryJ
Gold 30Min Engaged ( Bullish & Bearish Reversal Entry Detected )————- ➕ Objective: Precision Volume Execution Time Frame: 30-Minute Warfare Entry Protocol: Only after volume-verified breakout 🩸 Accurate Bullish Reversal : 3380 🩸 Accurate Bearish Reversal : 3314.5 ➗ Hanzo Protocol: Volume-Tiered Entry Authority ➕ Zone Activated: Dynamic market pressure detected. The level isn’t just price — it’s a memory of where they moved size. Volume is rising beneath the surface — not noise, but preparation. 🔥 Tactical Note: We wait for the energy signature — when volume betrays intention. The trap gets set. The weak follow. We execute.
TVC:GOLD
by Path_Of_Hanzo
21
GOLD (XAUUSD): Important Demand Zone Ahead Gold is currently retracing from a key daily horizontal resistance. Here are important structures to watch. Horizontal Structures Support 1: 3350 - 3377 area Support 2: 3310 - 3324 area Support 3: 3282 - 3301 area Support 4: 3245 - 3374 area Resistance 1: 3431 - 3451 area Resistance 2: 3493 - 3500 area Vertical Structures Vertical Support 1: rising trend line Vertical and Horizontal Supports 1 compose a contracting demand zone. Probabilities are high the price will pull back from that. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
13
Gold Tapping Into Major Support – Eyes on Bullish ReversalPrice is currently retracing after a strong drop from recent highs. We're now approaching a key demand zone, aligning with: 📍 1H Order Block (OB) 📍 4H Trendline Support 📍 Liquidity Zone ($$$) 📉 If price taps into this area, it may offer a high-probability long setup. 📈 First target: 3380 (mid-range resistance) 🧱 If this breaks, we can look to scale in/add more positions, targeting the 4H trendline zone near 3420. ⚠️ Waiting for price reaction at support – patience is key!
TVC:GOLDLong
by Erin_Gold_Vault
1
Elliott Wave Analysis – XAUUSD July 24, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Momentum is currently in a downtrend, indicating that the dominant trend in the short term (at least until early next week) is likely to remain bearish or sideways. • H4 Timeframe: Momentum has entered the oversold zone and is showing signs of a potential bullish reversal. This suggests that a corrective upward move may occur today. • H1 Timeframe: Momentum is still declining and is expected to need around two more H1 candles before entering the oversold zone, implying that one more leg down may occur before a recovery begins. ________________________________________ 🌀 Elliott Wave Structure Update: Yesterday’s expectation of a breakout above the resistance zone at 3453 to confirm the start of a new bullish trend did not materialize. Instead, price dropped to the 3374 region, opening up two primary scenarios: ✅ Scenario 1: The correction is still unfolding • Wave (d) in blue appears to be complete. • The current leg is likely wave (e), the final leg in a contracting triangle correction. • In this case, the lower boundary of the triangle and overlapping support zones will serve as key levels to watch for the completion of wave (e). ✅ Scenario 2: Wave 1 of a new bullish trend has completed • The current decline is wave 2 in a new bullish impulsive sequence. • The objective here is to identify the bottom of wave 2 to prepare for a potential buy entry into wave 3, which is expected to be stronger and longer than wave 1. 📌 Key difference between the two scenarios: • Scenario 1 → Wave (e) completes, followed by wave 1 of wave 5. • Scenario 2 → Wave 2 completes, followed by a powerful wave 3 of wave 5. ________________________________________ 🧩 Current Wave Structure: • A five-wave bearish structure is currently unfolding on the chart. • According to Elliott Wave Theory, corrective patterns do not typically form five-wave structures. • Therefore, this is likely wave A in a zigzag (5-3-5) formation. • Possible targets for wave 5 within wave A: o Target 1: 3374 – current reaction zone. o Target 2: 3360 – next significant support level. ________________________________________ 📌 Combining Wave Structure with Momentum: The D1 momentum is firmly bearish, reinforcing the view that the market is undergoing a larger ABC correction. On the H4 timeframe, momentum is oversold and showing early signs of reversal, aligning with the potential formation of wave B — typically a weak, sideways upward move. The likely resistance zone for the end of wave B lies between 3401 and 3410. Meanwhile, H1 momentum is still falling and not yet in the oversold zone, suggesting there may be one more move down to complete wave 5. The ideal target for this final leg is around 3360. Summary: • D1 bearish → confirms ongoing major correction. • H4 oversold → supports a potential weak wave B. • H1 still declining → wave 5 may complete around 3360 before a recovery begins. ________________________________________ 💼 Suggested Trading Plan: For traders with limited experience or those not yet confident in reading live market signals, a Buy Limit strategy at clear support levels is recommended: • Buy Zone: 3362 – 3360 • Stop Loss: 3352 • Take Profit: o TP1: 3384 o TP2: 3400 🎯 For experienced traders, it is advised to observe price action at the target support zones and look for real-time reversal signals to optimize entry timing.
OANDA:XAUUSDLong
by WavePoint_FX