Gold Inverse Head and Shoulders RetestI am looking at this inverse head and shoulders on the daily TF as a strong confirmation that the overall trend is still bullish. However, there is a strong probability of a pullback to either daily demand or the right shoulder region before the uptrend resumes.
GOLDCFD trade ideas
GOLD/USD Bearish Rejection at Resistance ZoneGOLD/USD Bearish Rejection at Resistance Zone 📉🟥
📊 Technical Overview:
The chart for GOLD/USD shows a clear price action behavior between a well-defined resistance zone (~3,480–3,510) and a support zone (~3,260–3,280).
🔻 Bearish Signals:
The price has tested the resistance zone multiple times (highlighted with red arrows and orange circles) but failed to break above it, indicating strong selling pressure.
The current price action suggests another lower high formation, which is a bearish signal 📉.
Recent candles are rejecting the upward move, pointing to potential downside movement.
🟩 Support Confirmation:
Previous reactions from the support zone (green arrows) show that buyers have consistently stepped in near the 3,260–3,280 range.
This level remains a key demand zone where a bounce might be expected.
🔁 Outlook:
If the price continues to reject the resistance and follows the pattern, we might see another drop towards the support area.
A break below the support zone would confirm a bearish breakout and could open the door to deeper downside targets.
📌 Conclusion:
GOLD/USD is trading within a range, but the repeated failures at resistance suggest bearish momentum might take control in the short term. A move back toward the support zone is likely unless a breakout above resistance occurs.
📉 Resistance: 3,480–3,510
🟩 Support: 3,260–3,280
🔍 Bias: Short-term Bearish unless resistance breaks
Today's gold price may fall to 3340-3350Today's gold price may fall to 3340-3350
As shown in Figure 4h
The current support level of gold price is 3370-3380. Once it falls below this range, the gold price will fall further to 3350-3340.
At that time, we considered that it was a good choice to buy the bottom of gold price in the 3340-3350 range, and it was also a relatively stable and conservative strategy.
Technical analysis:
As shown in the figure: At present, we believe that the white channel of gold price is the main rising channel.
Gold price fluctuation range: 3350-3450, lower support level: 3400
The performance of gold price is also the same, and there is strong resistance near 3400.
The current fluctuation range of gold price: 3380-3400, lower support level: 3370
Operation strategy:
1: As long as the gold price falls below 3400, it will be mainly short at high prices.
2: Once it falls below 3370, the next target of gold price, 3350, will be a high probability event.
3: The macro trend of gold prices is still bullish. It is recommended to hold long positions and wait for the performance of the 3340-3350 range.
4: Conservatives can wait for the opening of the US market before making a decision
5: Radicals can choose to ambush in advance after judging that the gold price stabilizes in the 3370-3350 range, lightly position, reserve enough bargain-hunting positions, and cover positions at any time.
Gold trend analysis and operation ideasGold, the price has rebounded from the previous high of 3500 to 3120 in this round. After continuous rise, it fell under pressure at 3452 on Monday due to the decline of market risk aversion; the article emphasizes that there is still room for the weekly support MA5-3360 below, and it can be bearish; the actual rebound during the day was 3403 and then fell back to 3373, and now reported 3383, which is in line with expectations;
The short structure of the 2H chart is obvious, the short-term resistance in the evening is 3386-3390, and the strong resistance is 3396; the short-term support is 3373, the strong support is 3360, and the break is expected to fall to 3340;
Strategy 1: Sell near 3386, SL3400, TP3360; Hold after break;
Long term trendThe long term trend line is long and strong with this one. We’re a good ways off of it though, so a mellowing while the Stochastic RSI resets could result in doubt that equates to a slight pullback. The trend line should provide ample support, due to the aforementioned length and strength, so new highs should be in order by the end of the month. 🎢
Daily Analysis- XAUUSD (Tuesday, 17th June 2024)Asian + London Session
Bias: Bearish
USD News(Red Folder):
-Retail Sales m/m
Notes:
- Daily closed with strong
bearish momentum
- Looking for reversal to the downside
- Potential SELL if there's
confirmation on lower timeframe
- Pivot point: 3440
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Fed Rate Decision May Trigger a Decline in Gold PricesDespite heightened tensions in the Middle East providing safe-haven support, gold failed to break through the 3450–3455 resistance zone today and instead pulled back to the 3400–3386 support area.
This decline was mainly driven by two factors:
Iran expressed willingness to resume nuclear talks, easing geopolitical tensions and weakening safe-haven demand.
Growing expectations that the Fed will keep rates unchanged this week strengthened the DXY, reducing gold's appeal.
That said, inflation concerns persist, offering medium-term support to gold. On the technical front, the 3378–3340 consolidation zone may serve as secondary support, while stronger trend support lies in the 3310–3289 range—a level that may only be tested under extreme bearish conditions.
For now, the primary support to watch is 3386–3373, with short-term rebound resistance around 3400–3420.
Trading Suggestion:
Ahead of the Fed’s rate decision tomorrow, consider buying on dips, as today’s decline may lead to a technical rebound. Then reassess the market’s response to key support and resistance levels to determine further action.
Gold trend remains unchanged, adjustment is accumulating
Last Friday, driven by the risk aversion sentiment in the Middle East, gold surged to 3445 in the Asian session and then fell under pressure. It stabilized and fluctuated at 3408 in the European session, and continued to fluctuate after probing 3346 for the second time in the US session. On Monday morning, it opened high and touched 3352 (upper track of the daily channel) and then came under pressure, but it was still mainly low-long under the support of risk aversion sentiment, and we need to be vigilant about the risk of event evolution.
Technical analysis
The weekly MACD high-level golden cross is shrinking, and the dynamic indicator STO is overbought, indicating that the shock is strong.
Key position: pressure: 3470 (parabolic turning point), 3500 (previous high). Support: 3365-3352 (weekly MA5/MA10 and naked K support).
The daily MACD golden cross is large, STO is overbought, and it is strong in the short term.
Key position: pressure: 3403-3398 (previous high conversion position). Support: 3387 (MA5), 3365 (MA10).
4-hour MACD high-level shrinking, STO adhesion, high-level oscillation.
Key position: Support: 3418-19, 3408 (short-term bullish defense line), followed by 3393-3378-3360. Moving average support: 3437 (MA5), 3423 (MA10).
Hourly MACD dead cross shrinking, STO downward, oscillation consolidation. Key support: 3331-3324 (middle track and MA30 overlap).
Trading strategy: Risk aversion is the main focus, but be wary of technical callbacks.
Short order opportunity
3446-48 light position short, stop loss 3453, target 3436-30-25.
3465-70 area short, stop loss 3475, target 3455-3440-3430.
Long order opportunity
3422-24 long, stop loss 3414, target 3432-45-52-65.
3394-96 long (stable), stop loss 3385, target to be determined (hold if it breaks through 3400).
Key observation points
Break above 3470: or test the 3500 mark.
Break below 3360: beware of a deep correction to the 3324-30 area.
Note: If the situation in the Middle East eases, long positions need to be adjusted in time; if it deteriorates suddenly, follow up with safe-haven buying.
My analysis New buy setup for XAUUSD (Gold):
- Entry: 3410
- Targets:
1. 3403 (wait, isn't this lower than entry?)
2. 3406 (still lower than entry)
3. 3410 (same as entry)
4. Open target
- Stop Loss (SL): 3402
Your targets seem a bit unusual – typically, targets are set above the entry price for buy trades. Are you expecting a bounce or reversal?
XAUUSD on bullish reversal H4 Timeframe Analysis
Gold is currently showing a bullish trend holding the Proper rising wedge pattern on H4,although I'm holding my trade from 3382 which is floating 150+ profits towards our Target
Bullish scanario:
I’ve identified my re-entry zones and plan to buy on every dip, focusing on scalping with buy positions only.
3380-3390 is the optimal buying area.
My target towards the $3430-3435 milestone on intraday.
However, if gold closes the H4 below the $3380 level, i will reassess my outlook towards 3355-3360.
Keep in mind market is on bullish reversal.
#XAUUSD
gold on sell reverse#XAUUSD multiple 2 times breakout below 3408 will drop the price till 3400-3376.
Price holds bearish reversal below 3408, target 3400-3376. SL 3419.
Bullish range and reverse is at 3403.6 price can reverse from here but if drop happens first below 3399 its invalid.
H1 closure above 3425 holds longer bullish.
The international situation is bad. Gold fell back.Information summary:
Latest news: Israeli fighter jets "flew freely" over Tehran, and Iran lost air supremacy over the entire west. Israel's goal turned to a wider range of Iranian military and infrastructure.
Iran's counterattack, Tel Aviv, Haifa and other Israeli cities are being attacked by Iranian missiles. Both sides are currently suffering heavy losses.
But the price of gold fell back at this time; I think the biggest reason is that this week, the global "super central bank week" is about to hit, the market will usher in a very critical Federal Reserve interest rate decision, and central banks such as Japan, Switzerland and the United Kingdom will also hold monetary policy meetings one after another, and investors are on high alert. Under the influence of multiple conditions, the price of gold has a technical correction.
Technical analysis:
From a technical point of view, the impact of the conflict in the Middle East did not directly push up prices, but instead rushed up and fell back, which shows that the market has great pressure on the upward trend. Therefore, for the upward trend, it is necessary to be relatively conservative.
From the position point of view, the support below is around 3410.
From a trading perspective, most traders are waiting for the release of some data, which will change the overall trend of gold. However, according to the latest analysis of 14 Wall Street analysts, 10 analysts expect prices to continue to rise.
So I guess that this time the gold price pullback is accumulating energy for upward movement. At present, the price has started to rise after falling back to around 3410. The point of this pullback rebound is expected to stop around 3440, and then start to fluctuate at a high level.
If the price breaks through 3440 strongly and stabilizes above this position, the price may hit the upward pressure level of 3455 again.
XAUUAD UPDATE 16- 6 +2025The chart you provided is a 45-minute time frame analysis for Gold CFDs (US$/OZ). Here's a breakdown of the key elements and what they suggest:
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Current Price
$3,414.93, down -18.42 (-0.54%)
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Analysis Summary
Price Action
The price has recently rejected from a resistance zone (around $3,445–$3,450).
It is currently pulling back, heading downward from this resistance.
Support Zones Highlighted
Multiple horizontal yellow zones mark previous support/resistance levels.
The key immediate support level lies near $3,400–$3,405.
A deeper support area is visible around $3,360–$3,365, and further below near $3,320.
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Forecast Indication (Based on Markings)
A short-term pullback (blue arrow up) may retest the breakdown level (~$3,430).
Then, a potential drop toward the next support at $3,360 is expected (blue arrow down).
A bearish continuation scenario is emphasized with a red downward arrow, suggesting price may head further down to the $3,320 area if $3,360 fails to hold.
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Implications for Traders
Bearish Bias: Suggested by the forecast arrows and recent resistance rejection.
Potential Setup:
Short on pullback near $3,430 (if price fails to reclaim this zone).
Target: $3,360 and possibly $3,320.
Stop-loss: Above $3,450 resistance.
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Would you like a trading plan or signal based on this analysis?
6.16 Can gold reach a new high?6.16 Can gold reach a new high?
As the war between Israel and Iran in the Middle East continues to heat up, the international gold price has continued to break through strongly.
"Iran is seriously considering whether to block the Strait of Hormuz, said Esmail Kosari, a member of the Iranian Parliament's Security Committee." If the conflict between Iran and Israel continues to escalate in the past two days, gold will continue to hit a new high.
If you listened to my advice on Friday and opened a position below 3420, you can pay attention to the support of 3430, because there has been a high move at the opening today, but it only broke through 3450. It proves that the short pressure is very large, and the strength of today's correction will not be small. If the correction breaks through 3430, it may continue to fall to around 3415. At this time, you can continue to increase your position. If the correction does not break through 3430, you can increase your position with a light position.
Pay attention to the international situation at any time. The price of gold has been fluctuating at a high level. If it can stand firm, then the recent price of gold at 3500 is not its limit.
Thank you for your attention. I hope my analysis can help you.
Middle East Conflict Boosts Gold – But Is a Pullback Coming FirsGold is surging as the Middle East conflict intensifies, fueling a rush to safety. We’ve seen a clear breakout from the recent range, with a significant gap up at the open. While momentum could drive price to new highs, I’m eyeing a pullback to key zones for a cleaner entry—either at the trendline retest or a daily weakness setup.
GOLD: Strong Growth Ahead! Long!
My dear friends,
Today we will analyse GOLD together☺️
The price is near a wide key level
and the pair is approaching a significant decision level of 3,431.19 Therefore, a strong bullish reaction here could determine the next move up.We will watch for a confirmation candle, and then target the next key level of 3,422.53.Recommend Stop-loss is beyond the current level.
❤️Sending you lots of Love and Hugs❤️
6/13 Gold Analysis and Trading SignalsGood morning, everyone!
Gold rallied to around $3399 during yesterday’s session, accurately reaching our preset sell zone at 3385–3403. Since then, the market has started pulling back, and today’s opening shows signs of accelerated downside movement. However, there are several strong support zones below, with immediate focus on 3378–3368, and further support around 3352–3343.
📉 Technical Outlook:
The current price action suggests the potential formation of a Head and Shoulders pattern. If confirmed, this could trigger a deeper correction towards 3340–3330. A break of these levels would significantly weaken the current bullish structure and open further downside risk.
🌍 Fundamental Drivers:
Today’s inflation-related data releases may add significant volatility;
Additionally, stay alert to any developments in the Middle East geopolitical situation, which could quickly shift market sentiment toward risk-off if escalations occur.
📌 Today’s Trading Recommendations:
✅ Sell Zone: 3410–3420
✅ Buy Zone: 3338–3326
🔄 Intraday Key Reaction Levels:
3403 / 3378 / 3362 / 3355 / 3343
🔒 Recommendation: Market is at a technically sensitive zone. Consider entering positions in batches and maintain strict risk control.
Gold Bull Run: Wave 5 on the Way!
Elliott Wave Setup – We're in Wave 5, riding a powerful upward channel from the recent Wave 4 low, aiming for ~$3,500–3,600
Key Resistance & Breakout – The $3,497–3,500 area is critical. A clean breakout above this could open the next leg toward ~$3,600–3,700, echoing forecasts from ANZ and Cantor .
Support Level – Immediate support lies around the $3,392 area (recent resistance turned support). A dip back to $3,420–3,440 could provide a strong buying opportunity.
Macro Drivers – Geopolitical tensions (especially in the Middle East) and a soft U.S. dollar are fueling safe-haven buying, matching broader bullish sentiment
.
📈 Outlook: Minor pullback expected, then resumption of rally. Breakout above $3,500 could trigger the next surge.
🛡️ Strategy Tip: Consider buying on dips around $3,420–3,450 with resistance-based stop-loss and targets at $3,500 then $3,600–3,700.