GOLDCFD trade ideas
Weekly Gold Outlook: Signs of Trend Reversal EmergingGold is beginning to show clear signs of a potential bearish phase. The current uptrend is weakening, and a new center of gravity has formed around 3319 on the weekly timeframe. Price is currently moving higher to complete Phase 2, which often precedes a new trend cycle.
A weekly close below 3320, especially after sweeping the upper liquidity zone near 3495, would confirm the start of Phase 3 — historically a trend continuation setup. This suggests that gold could enter a deeper correction phase, potentially resetting for the next bullish leg.
Projected Downside Targets:
Target 1: 3100
Target 2: 3056
Target 3: 2960
Extended Bearish Target: Below 2760 (Accumulation zone for the next uptrend)
This cycle is unfolding on the weekly timeframe, so it may take time to fully develop.
Key Resistance Zones (Sell Interest Areas):
3525–3548: Current resistance zone with signs of profit-taking by large players
3606: Next resistance level
3688: Strong upper resistance where institutional selling interest could intensify
These zones are critical supply areas, and market participants are already showing signs of booking profits around these levels.
15.06.2025Gold has recently dazzled markets, surging past $3,400 per ounce, propelled by a potent mix of geopolitical tension and a softer U.S. dollar. Key levels to watch for the next week Support at 3380, Resistance at 3460. the Renewed Middle East tension could drive the price to the new highs at 3660 on the downside fail of 3380 will bring the price back to 3260 .
GOLD Intraday Chart Update For 13 June 25Hello Traders,
First of all congratulations to all of you as 3430-40 zone GAP filled today but sad new is war scenarios resume
so advise for you is take limited risks
all eyes on 3450 Psychological level breakout, intraday expected range is 3400-3450 if markets break 3450 then it will move towards 3480
if market breaks 3400 successfully then it will move back towards 3370 or even 3355
Disclaimer: Forex is Risky
Sell before psych value Gold has been on a strong run since it's previous dip. However, price action states we're in a key position to short back into the pivot around 3330.
The psychological value of 3400 will be a common tp mistake at this stage.
Additionally, we still have imbalance from the start of the monthly open(June) so the market will gravitate towards these zones.
SL: 3410
TP: 3333
Will ASIA favor BULLS or BEARS?Two “if-this-then-that” scenarios
If price pushes above the recent swing high (~3 430–3 435)
→ Look for a move toward the 50% retracement zone at 3 415–3 416 (our next upside target).
If price drops below the recent swing low (~3 356–3 357)
→ It’ll likely slide down to the 21-day EMA at 3 342, which has acted like a magnet/bounce area.
Why the 21-day EMA matters
It’s sloping up beneath price (green trendline), so dips into it often spark fresh buying.
A buy-limit order around 3 342 gives you a low-risk entry with the trend still intact.
Overall bias
As long as gold stays above that rising trendline/21 EMA, the bulls remain in control.
Break the swing high → more upside.
Break the swing low → deeper pullback into support.
Gold Pulls Back After Testing Resistance📊 Market Overview:
Gold fell to a low of $3,374 earlier today after testing the $3,434 resistance late last week. The drop was primarily due to profit-taking near recent highs, alongside a mild recovery in the US dollar. Despite this pullback, the medium-term uptrend remains supported by expectations of upcoming Fed rate cuts and persistent geopolitical tensions in the Middle East.
📉 Technical Analysis:
• Key Resistance: $3,434 – $3,450
• Nearest Support: $3,374 – $3.360
• EMA: Price remains above both EMA 09 and EMA 20, suggesting a continuation of the short-term bullish trend.
• Candlestick / Volume / Momentum:
o RSI is holding around 61–63, no longer in overbought territory.
o MACD remains positive, though upward momentum has slowed.
o Bearish candles during the Asian session suggest lingering sell pressure near $3,430. A technical rebound from $3,374 is currently underway.
📌 Outlook:
Gold may consolidate between $3,370–$3,390 in the near term. If the $3,360 support holds, a rebound toward $3,420–$3,440 is likely. However, a stronger USD could increase downside pressure.
💡 Suggested Trade Strategy:
🔻 SELL XAU/USD at: $3,410 – $3,420
🎯 TP: $3,385
❌ SL: $3,430
🔺 BUY XAU/USD at: $3,374 – $3,378
🎯 TP: $3,400 – $3,420
❌ SL: $3,360
Continue to try to short gold,It's expected to touch 3355-3345 Gold has broken through 3380 twice, but recovered quickly, indicating that the bulls still have some defensive power. At present, gold has touched 3400 again; it can be seen that the bulls' potential defense is still good, but it is not enough to support the continued rebound of gold in the short term. Obviously, gold is still under pressure in the 3410-3420 area in the short term. If gold cannot break through this resistance area in the short term, gold may continue to maintain a volatile state and continue to seek strong support downward. Only after gold breaks through the 3410-3420 area, it is expected to continue to rise and touch the area near 3450 again.
When gold tested the support near 3380 several times during the day and tried to break through this area, after gold failed to break through the 3410-3420 area in the short term, I think gold will be more likely to choose a downward direction, or even continue to test the 3355-3345 area. Therefore, for short-term trading, before breaking through the 3410-3420 area, we should not chase gold too much, and we can try to short gold in this area appropriately.
I think these 2 scenarios can happen for gold to reach new ATHGold supported by Israel-Iran conflict, US intervention in focus
Gold's sharp rise came late last week after Israel struck multiple targets in Iran, including Tehran's nuclear facilities.
The attack sparked fierce retaliation from Iran, which launched a barrage of missiles at key Israeli targets, including the financial capital Tel Aviv. Some of the Iranian missiles were also seen penetrating Israel's "Iron Dome" defense system.
What do you think?
Best regards, StarrOne !!!
XAUUSD – Can the bulls drive it up to $3,485?XAUUSD is a typical case of a market trading within an ascending channel, with price action consistently respecting both its upper and lower boundaries.
As you can see in my analysis, the price has recently broken through an important resistance zone and may return to retest it. If this level holds as support, it will indeed confirm the bullish trend and make the move towards my projected target of 3,485 highly likely, aiming for the next resistance zone at 3,485 and 3,500.
If the price remains above this support zone, my bullish outlook remains intact. However, if the price fails to hold above this level, the short-term bullish outlook will therefore be disrupted and may be followed by the next downward retracement.
IS GOLD AT REVERSAL OR NEW HIGHS COMING ?Geopolitical tension raised between Iran & Israel which gives pump to gold so what do we expect now ? new highs of $3700 , $4000 or reversal ? in my opinion if gold doesn't breaks it's previous high with the body it might be a signal of LH & LL series.
Area to watch for reversal : $3468 - $3482
Gold May See Minor Pullback After Testing $3400📊 Market Development:
Gold surged to approach the $3,400 mark after U.S. Unemployment Claims came in higher than expected. The weak labor data increased speculation of an earlier rate cut by the Fed, pressuring the USD and bond yields, which in turn supported gold prices.
📉 Technical Analysis:
• Key Resistance: $3,400
• Nearest Support: $3,365
• EMA: Price remains above EMA 09 → bullish bias intact
• Candle/Volume/Momentum: Long upper wick on H1 suggests profit-taking near $3,400; declining volume may signal weakening momentum.
📌 Outlook:
Gold may experience a short-term pullback if it fails to break above $3,400 and the USD strengthens in the New York session.
💡 Suggested Trade Setup:
🔻 SELL XAU/USD at: $3,395–$3,400
🎯 TP: $3,375
❌ SL: $3,406
🔺 BUY XAU/USD at: $3,365–$3,370
🎯 TP: $3,390
❌ SL: $3,355
GOLD 30MIN Unemployment Claims Data Context
Forecast: 246,000
Previous: 248,000
The weekly initial jobless claims report is a key indicator for the Federal Reserve, signaling the current state and momentum of the U.S. labor market.
Fed Interpretation: Greater Than Forecast
Indication: A figure above 246,000 suggests the labor market is softening more than expected.
Fed Response:
The Fed would view higher-than-forecast claims as a sign of rising layoffs and potential weakening in employment growth.
This outcome increases concern about the durability of the economic expansion and may raise the likelihood of future interest rate cuts, especially if the trend persists.
The Fed would likely emphasize caution in its policy statement and may signal greater willingness to ease policy if labor market weakness continues.
Fed Interpretation: Less Than Forecast
Indication: A figure below 246,000 signals a stronger-than-expected labor market.
Fed Response:
The Fed would interpret lower-than-forecast claims as evidence that the labor market remains resilient, with fewer layoffs and ongoing job creation.
This outcome reduces the urgency for immediate rate cuts and supports the case for holding rates steady, especially if inflation remains above target.
The Fed is likely to maintain a cautious, data-dependent stance, awaiting further evidence before considering policy changes.
Federal Funds Rate Decision Outlook
Expected Outcome:
The Federal Reserve is widely expected to hold the federal funds rate steady at 4.25%–4.50% during the June 18, 2025 meeting.
Supporting Factors:
Inflation is moderating but remains above target.
Labor market data, including unemployment claims, shows stability without overheating.
Economic uncertainties, including trade policies, encourage a cautious approach.
Market Odds:
There is a near 100% probability of no rate change today, with markets focusing on the Fed’s forward guidance and economic projections for clues on future rate moves.
The Federal Reserve is expected to maintain the current federal funds rate range of 4.25%–4.50%, reflecting a balanced approach amid moderating inflation and steady labor market conditions.
Market participants will closely watch the FOMC statement, economic projections, and press conference for any shifts in tone that could influence future rate expectations and market volatility.
XAUUSD Expecting Selling movementPrice Level & Trend
Current price $3380
The market has been forming lower highs and lower lows, suggesting a bearish trend continuation
A yellow zigzag line projects a possible downward price movement path
Resistance Zone
A red rectangular zone marks a strong resistance area, previously tested multiple times and rejected
Price failed to break above this zone, reinforcing the bearish outlook
Support & Target Levels
Three significant horizontal support levels are marked
Level 1 $3,368
Level 2 $3,356
Final Target Zone Around $3344 $3344
The final target is emphasized with an orange Target label and arrow, indicating the expected destination for this bearish move
Projection
The chart anticipates short-term pullbacks retracements followed by further downside
This is visualized through the yellow zigzag pattern illustrating probable future price action
Gold continues to rise! When will the price of gold fall?Market news:
In early Asian trading on Monday (June 16), London gold prices continued to rise last week, hitting a nearly seven-week high of $3,451/ounce, as Israel and Iran launched a new round of attacks on each other on Sunday (June 15), exacerbating market concerns that escalating wars may trigger wider regional conflicts, and international gold continued to receive support from safe-haven buying.The continued rise of gold during the conflict depends on whether it is in a bull market and whether the conflict is likely to escalate. The inflow of funds into gold stock ETFs shows an increase in retail interest, especially silver outperforming spot gold, suggesting that market sentiment is turning. In addition to the geopolitical situation, this week will also usher in the test of the US retail sales monthly rate (commonly known as "terror data") and the Federal Reserve's interest rate decision.This trading day also needs to pay attention to the US New York Fed Manufacturing Index in June and the G7 Leaders' Summit, and pay attention to China's May total retail sales of consumer goods and China's May industrial added value annual rate.
Technical Review:
The technical price of gold is in good condition with the buying structure of the trend. The MA10/7/5-day moving averages on the daily chart remain open upward, the RSI indicator is hooked upward, and the price is running in the upper and middle track of the Bollinger Bands. The moving average system of the short-term four-hour chart maintains a golden cross opening upward, the price gradually moves up from the high point of the MA10-day moving average, and the Bollinger Bands remain open upward in the same hourly chart. Affected by the market fundamentals, gold has triggered risk aversion.The price of gold continues to rise, and the graphics of various time periods have formed obvious and strong support. In the daily chart, gold fell back to the trend line support after the triangle convergence breakthrough, and ushered in a rising trend again. In the short term, the upward momentum of gold is still strong. Based on the last round of retracement low of $3120 as the starting point of the wave structure, the push of the third wave may cause the price of gold to rise to $3600-3640. Combined with the current fundamentals, news and geopolitical situation, the medium- and long-term upward trend of gold is far from over.
Today’s analysis:
At present, the entire market is still affected by the geopolitical risks in the Middle East. Gold has been at a high level for a long time. If there is no turning point, the gold price will continue to remain above 3400 today. We will have the opportunity to see the gold price refresh the historical high of 3500 again today or tomorrow, and the probability is also very high. Then our operation idea is to buy to the end before the trend changes!
The trend of the gold one-hour market is still strong. From the short-term trend, it continues to maintain a high-level shock pattern, and the low point continues to rise. The high point has been continuously broken. Although the high opening and high movement of the Asian market failed to be directly continued, the high and fall back just gave us the opportunity to buy in!
Operation ideas:
Buy short-term gold at 3420-3423, stop loss at 3411, target at 3450-3470;
Sell short-term gold at 3468-3471, stop loss at 3480, target at 3420-3400;
Key points:
First support level: 3423, second support level: 3410, third support level: 3392
First resistance level: 3458, second resistance level: 3467, third resistance level: 3483
Turbulent Week Ahead? Gold Outlook June 9-13, 2025Hey fellow traders,
Let's dive into the OANDA:XAUUSD outlook for the upcoming week, June 9-13, 2025. The recent price action has been a rollercoaster 🎢, and the next few days promise even more fireworks 🎇.
Looking back at the 30-minute chart from May 22 to June 6, gold saw an initial consolidation, then a strong rally to multi-week highs near 3,420. However, this was followed by a sharp, dramatic reversal, pushing prices back below 3,300. This "bull trap" 🐂 pattern suggests underlying weakness and potential preemptive market positioning.
Another view on this could be the possibility that a gap on the chart at 3300-3295 of around $5 could get closed. Since strong support is right below this, it could serve as a good launchpad 🚀 for an upward rally. Let's see if the upcoming Asia session on Monday triggers this because its only - $14 from $3309.
Key Drivers for the Week Ahead:
📅 June 9, 2025 (Monday)
US-China High-Level Trade Talks Commence in London
High-level delegations from the United States and China began trade discussions in London. This meeting followed an announcement by President Donald Trump on Friday, June 6, 2025, who described a preceding 90-minute phone call with Chinese President Xi Jinping as "very positive".
The US delegation included Treasury Secretary Scott Bessent, Commerce Secretary Howard
Lutnick, and US Trade Representative Jamieson Greer, reflecting a coordinated approach to addressing complex trade issues. The talks were primarily aimed at resolving the ongoing bilateral trade war, with a particular focus on tariffs and the global supply of critical rare earth minerals.5 While no specific time for the commencement of talks was provided, it is understood they began during London's daytime, approximately (10:12 CEST / 04:12 EDT).
These discussions occurred in the context of a temporary 90-day agreement reached on May 12, 2025, which had seen the US reduce its tariffs on Chinese imports from 145% to 30%, and China reciprocate by lowering its tariffs on US goods from 125% to 10%.9 However, this temporary truce is set to expire in early August, and President Trump had recently accused China of violating the agreement, specifically regarding critical mineral exports. The broader bilateral relationship remains strained by issues extending beyond tariffs, including restrictions on advanced chips, student visas, and concerns over China's state-dominated economic model.
The prompt scheduling of these high-level talks immediately after a leader-to-leader call suggests a tactical move towards de-escalation of immediate trade tensions, aiming to prevent a full-blown trade war. The objective appears to be managing current conflicts rather than achieving a fundamental resolution, especially with the May 12 agreement nearing its expiration. The core disputes, such as control over rare earths and technology, are deeply entrenched and reflect a broader geopolitical competition rather than mere economic disagreements. This pattern of temporary de-escalation followed by persistent underlying tensions indicates a long-term,structural competition. It suggests that trade policy is increasingly intertwined with national security and geopolitical strategy, implying that businesses should anticipate continued volatility and strategic decoupling in certain sectors, rather than a return to pre-trade war normalcy.
Other big movers for gold will be the US inflation reports. 💥
📅 Wednesday, June 11 (14:30 CEST / 08:30 EDT):
We get the crucial US Consumer Price Index (CPI) data.
Watch for Core CPI (YoY) with a forecast of 2.9% and headline CPI (YoY) at 2.5%.
📅 Thursday, June 12 (14:30 CEST / 08:30 EDT):
The US Producer Price Index (PPI) follows.
Forecasts are for Core PPI (YoY) at 3.0% and headline PPI (YoY) at 2.6%.
📊 These numbers are critical. If inflation comes in hotter 🔥 than expected, it will likely strengthen the US Dollar 💵 and push real interest rates higher 📈, making gold less attractive. This could trigger further declines 📉, especially given the current market structure. Conversely, cooler 🧊 inflation could spark a significant rebound 🔄.
Beyond US data, keep an eye 👁️ on speeches from various European Central Bank (ECB) officials throughout the week, including President Lagarde on Tuesday (23:15 CEST / 17:15 EDT). Their collective tone 🎤 could influence EUR/USD dynamics and indirectly impact the US Dollar Index, offering a counterbalance ⚖️ or amplification to gold's movements.
Key Numbers and Technical Levels to Watch:
Gold is currently sitting on a substantial speculative net long position of 187.9K contracts. This is a massive amount of bullish bets 📊🐂, making gold highly vulnerable to rapid liquidation 💣 if the fundamental picture turns sour. A "long squeeze" could amplify any downside move.
Immediate Support: The 3,300 level is paramount. A decisive break below it would signal further weakness. Below that, 3,250 is strong technical support where we saw a bounce previously.
Overhead Resistance: Look for resistance at 3,350-3,360, and then the recent peak of 3,420. Reclaiming these levels would require a significant shift in sentiment.
Expect high volatility ⚡, especially around the US inflation releases. Trade smart 🧠, manage your risk ⚖️, and stay nimble! 🏃
Geopolitical News Landscape 🌍
India / Pakistan
The ceasefire from May 10 is holding, but diplomatic relations remain frosty. India has launched a global image campaign to gain support, while Pakistan insists on dialogue and accountability.
Outlook: Without substantial agreements on border terrorism and water issues, tensions will stay latently high, with potential for new escalation risks. ⚠️
Gaza Conflict
Violence escalated again in early June. Israel intensified attacks, killing civilians seeking aid in Gaza City, and at least six people were killed at a distribution point.
Outlook: The humanitarian situation continues to worsen 🚨, and international mediation efforts are urgently needed. However, an immediate ceasefire seems unrealistic. ❌
Russia / Ukraine
In the first week of June, Russia launched one of its largest series of attacks: hundreds of drones and missiles hit Kharkiv and Kyiv, resulting in civilian casualties. Simultaneously, a planned prisoner exchange has stalled.
Outlook: Strategic air attacks will likely continue 💥, and the prisoner exchange remains deadlocked. Without a diplomatic initiative, the conflict will stay entrenched. 🕳️
U.S.–China Trade War
Following talks between Trump and Xi, new negotiation rounds are expected in London. China has opened up rare earth exports, a sign of cautious de-escalation.
Outlook: If dialogue channels open 🗣️, systemic trust could grow, but genuine reforms remain uncertain. 🤔
🌐 Global Trade War
The OECD has lowered its growth outlook to 2.9%, warning of protectionism 🧱 and delayed investments. The ECB is also maintaining synchronization with the FED.
Outlook: Without de-escalation, the world faces a global economic slowdown 🐌 and permanent fragmentation of supply chains. 🔗
🏛 Trump vs. Powell
Trump has again complained about the FOMC's hesitancy, nicknaming Powell “Too Late,” and demanding a full 1% interest rate cut.
Outlook: Pressure is mounting 📣. Whether the Fed yields depends on if inflation and labor data allow for a loose policy. 🎯
💵 U.S. Inflation – May 2025
Forward-looking data shows a weakening services sector and consumer prices rising again as tariffs pass through. Official CPI data for May 2025 will be released on June 11.
Outlook: Higher inflation could halt the Fed's "dereflexion" course — a dilemma ⚖️ between growth 📈 and price stability. 🛑
Technical View 📐
Regarding the major Head and Shoulders (H&S) reversal pattern on the 4H chart I shared previously, I'd like to explain some new developments that are altering its potential outcome.
Since the price has re-entered and fallen below the neckline, I activated my "second brain cell" 🧠 to guess what could be next. This led me to revise the larger 4-hour chart structure with the adjustments shown in the accompanying image.
As you can also see in the updated version below, a reversed H&S pattern remains a possibility, as the proportions still appear valid. 🔄
Potential Scenarios for Gold 🧩
Under this revised idea, Gold could potentially reach the neckline entry at 3397 (+88) from the current price. This is one plausible scenario. ✅
Alternatively, the price could drop further to the "Head" at 3120 (-191 from the current 3309), which would, of course, invalidate this H&S pattern. ❗
While this is speculative 🔮, given that trading often involves psychological movements and their resulting impacts, I believe this is a favorable approach to forecasting.
Another reason to see it as bullish is the formed standard bull flag 🚩🐂.
Please take the time to let me know what you think about this. 💬
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
GOLD hits $3,435 target, Middle East tensions rise againOANDA:XAUUSD rose to a one-week high as weak U.S. inflation data reinforced market expectations that the Federal Reserve will cut interest rates this year, while conflict in the Middle East boosted safe-haven demand.
OANDA:XAUUSD recently hit a fresh one-week high, extending its rally. Spot gold had risen to $3,435 as of press time, after hitting its highest level since June 5.
Israeli Prime Minister Benjamin Netanyahu said the operation “will continue until this threat is eliminated.” Iranian state TV reported that the commander of the Islamic Revolutionary Guard Corps, Hussein Salami, had been killed. Iran vowed a “harsh counterattack” against Israel and the United States, while other countries said they were not involved in the operation. Gold is trading near an all-time high of $3,500.10, just shy of $60.
Netanyahu said the operation “will last for days to eliminate this threat.” Israel believes the strike killed at least several Iranian nuclear scientists and senior generals, according to a military official. Iranian state TV said Islamic Revolutionary Guard Corps commander Hussein Salami may have been among the dead.
Israel's attack on Iran comes after Netanyahu repeatedly warned of attacking the OPEC oil producer to cripple its nuclear program. US and Iranian negotiators are scheduled to hold a new round of talks on Tehran's nuclear program in Oman on Sunday, but Trump said this week he was less confident a deal could be reached.
OANDA:XAUUSD extended its recent two-day gains as weak U.S. inflation and jobs data fueled expectations that the Federal Reserve will cut interest rates later this year. A report on Thursday showed U.S. producer price inflation remained subdued in May, while another showed jobless claims continued to rise, hitting their highest level since late 2021.
OANDA:XAUUSD has gained 30% this year as investors increasingly turn to gold as a safe-haven asset amid President Trump’s aggressive trade policies and geopolitical tensions, including in Ukraine. Strong demand from central banks and sovereigns has also supported gold prices.
Technical Outlook Analysis OANDA:XAUUSD
Gold continues to reach the target of $3,435 after reaching the previous upside target at the base of $3,400.
Currently, the base of $3,400 becomes the nearest support, while other than the resistance of $3,435, there is no resistance ahead to prevent gold from heading towards the all-time high of $3,500.
In terms of momentum, the Relative Strength Index (RSI) is sloping upward, still far from the overbought zone, indicating that there is still plenty of room for further upside ahead.
There are no factors that could cause gold to decline during the day, and the notable positions will also be listed as follows.
Support: 3,400 – 3,371 USD
Resistance: 3,435 – 3,500 USD
SELL XAUUSD PRICE 3480 - 3478⚡️
↠↠ Stop Loss 3384
→Take Profit 1 3472
↨
→Take Profit 2 3466
BUY XAUUSD PRICE 3373 - 3375⚡️
↠↠ Stop Loss 3369
→Take Profit 1 3381
↨
→Take Profit 2 3387
Middle East Tensions Drive Gold Back to $3,400Today, after pulling back to around $3,340, gold broke through $3,380 and has since fluctuated in a narrow range of $3,370-$3,400. With the Middle East tensions escalating, Iran has stated that even if its current nuclear facilities are damaged, it will continue to build new sites and is determined to rebuild them to safeguard its security. Israel will by no means tolerate this, dimming the hopes of the Trump administration's peace initiative.
Short positions are now infeasible. Although rallies to new highs are often followed by pullbacks, the risk of wiping out accounts entirely makes shorting too dangerous.
We recommend gradually building long positions near $3,350-$3,370, setting stop-loss orders 10-15 dollars below the entry price to avoid heavy losses from major shifts in the situation.
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.
GOLD Made Inverted H&S Pattern , Long Scalping Ready !Here is my 15 mins chart on gold and we have a reversal pattern , ( inverted head & shoulders ) and we have a clear closure above our neckline so we can buy it to get the target and then wait for the news tonight and then decide the new direction after news effect .
June 16, 2025 - XAUUSD GOLD Analysis and Potential OpportunitiesSummary:
Ongoing conflict between Israel and Iran remains the key driver.
Until new fundamental developments emerge, I’ll maintain the strategy: buy on dips to support.
🔍 Key Levels to Watch:
• 3500 – Bullish target
• 3485 – Resistance
• 3468 – Resistance
• 3450 – Bullish breakout level
• 3435 – Support
• 3415 – Major support
• 3400 – Psychological level & intraday key support
• 3392 – Support
• 3380 – Support
📉 Macro Strategy:
SELL if price breaks below 3415 → watch 3412, then 3408, 3404, 3400
BUY if price holds above 3450 → watch 3455, then 3468, 3475, 3485
👉 If you find this helpful and want to learn how I enter and set stop-losses, hit like — I may write a detailed post soon!
Disclaimer: This is my personal view, not financial advice. Always trade with proper risk management.