GOLD H2 Intraday Chart Update For 2 July 2025Hello Traders,
Today all eyes on breakout of 3360-70 zone in order to GOLD go for further advance below this zone all eyes are remains on 3318 level if market successfully maintain 3330 level then will go down further towards 3300 Psychological Level after passing 3318
NFP main event of the day which is held by tomorrow
Disclaimer: Forex is Risky
XAUUSD.F trade ideas
XAU/USD Potential Head & Shoulders Pattern FormingXAU/USD - Potential Head & Shoulders Pattern Forming 🔍
A possible Head and Shoulders pattern is taking shape on the 2H chart. With the right shoulder now forming and price nearing resistance, this setup could indicate a short opportunity.
🎯 Short Target: 3,304
🛑 Stop Out: 3,370
This setup offers a clean risk-to-reward ratio. Let’s see how price reacts in the coming hours!
💬 Drop your thoughts in the comments – do you agree with this setup? Let's support each other with ideas!
👍 Don’t forget to like and share if you find this helpful – your support means a lot!
XAUUSD Consolidates Near Resistance After Strong RallyGold (XAUUSD) on the 1H timeframe has staged a solid bullish reversal from the 3,263 USD support zone, reaching a recent high of 3,357 USD. Now, the market is entering a consolidation phase just below this resistance. This price action may be setting the stage for the next directional move.
After breaking a clear descending trendline, XAUUSD formed a two-leg bullish structure with higher highs and higher lows – a classic signal of trend reversal. The rally paused around 3,357 USD, a previous swing high acting as short-term resistance. The price is currently ranging between 3,330–3,340 USD with decreasing volume, indicating a potential accumulation zone rather than distribution.
Resistance: 3,357 USD – breakout target
Support zone: 3,330–3,335 USD – short-term demand zone
Invalidation level: 3,306 USD – below this, bullish structure breaks
As long as price holds above 3,330 USD, a bullish continuation remains the primary scenario. Traders can look for pullbacks or bullish patterns within this zone for potential long entries. A break and close above 3,357 USD would confirm strength, opening the path toward 3,370 or even 3,390 USD.
Stop-loss should be placed below 3,306 USD to manage risk if the breakout fails. If price loses the 3,306 support decisively, the setup turns neutral to bearish short-term.
The breakout leg was supported by rising volume, validating real demand. Current low-volume sideways movement suggests the market is “cooling off” after the rally, often a precursor to the next breakout move. Watching for bullish engulfing candles or volume spikes near support can offer trade confirmation.
Conclusion:
Gold remains in a bullish technical structure on the 1H chart. The current range between 3,330–3,357 USD is key. If price breaks above resistance, we could see strong continuation toward higher levels. Traders should stay patient, manage risk carefully, and let price action confirm the next move.
Gold 30M Engaged ( Bullish Entry Detected )
➕ Objective: Precision Volume Execution
Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸 Bullish Wave Coming From Now : 3352
➗ 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.
Gold 30M Engaged ( Bullish Entry Detected )
Gold 30M Engaged ( Bearish Entry Detected )➕ Objective: Precision Volume Execution
Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸 Bearish Wave Coming From Now : 3333
➗ 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.
Gold 30M Engaged ( Bearish Entry Detected )
Daily Outlook | XAUUSD June 30, 2025Hey traders,
Fresh week, clean structure. Let’s lock in the key levels and let price do the talking.
🌐 Macro Context
It’s a heavy week for USD – all major data drops before Friday:
Tuesday: ISM Manufacturing + Powell speaks
Wednesday: ADP Employment
Thursday: NFP, Unemployment Rate, ISM Services
Friday: US holiday – markets closed
📌 This means liquidity will build into Thursday, then fade. Expect gold to stay range-bound early in the week, unless momentum shifts hard today. Volatility should peak around NFP.
🧭 Daily Structure & Bias
Gold opened weak under 3287, still below 21EMA and 50EMA. The structure shows lower highs, bearish control, and no signs of strength reclaiming ground. RSI is at 42 — momentum down, but not oversold yet. Unless price breaks back above 3340, sellers stay in control.
✅ D1 Bias: Bearish while under 3340
📌 Key D1 Zones to Watch
🔺 D1 Breaker Block – 3340–3355
Former support, now clean resistance. Includes 50EMA and last failed closes. If price rejects again here, bearish continuation likely. A daily close above 3355 flips short bias.
🔺 D1 Supply + FVG – 3385–3405
Unmitigated imbalance from early June. If price pushes through 3355, this is the next upside magnet. Good spot for first reaction.
⚖️ D1 Decision Zone – 3287–3265
Current price zone. Multiple past reactions. A daily close below 3265 confirms breakdown. Holding above = more choppy range.
🟢 D1 Reaction Shelf – 3210–3180
Minor support zone from April candle bodies. Can slow price, but not strong enough for reversal on its own.
🟢 D1 Demand Block – 3155–3120
First major HTF demand. Includes 200EMA, strong structure, and previous breakout base. If price sells into it fast, watch for rejection — but only with confirmation.
🟢 D1 Macro Demand – 3090–3055
Final line of macro defense. Clean imbalance + demand from February. Valid only if sentiment breaks post-NFP.
✅ Final Summary
• Below 3265 = structure breaks → opens 3180
• 3155–3120 = real support zone
• Below 3120 = macro shift risk
• Reclaiming 3340 = short bias invalid
• Break above 3385 = continuation possible
📌 Today is all about the close. No confirmation = no trade. Thursday is the real trigger — be positioned, not exposed.
—
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XAUUSD I Forecast Ahead of USD Unemployment ClaimsWelcome back! Let me know your thoughts in the comments!
** XAUUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GOLD. Why is Gold Rising Again?The yellow metal is one again receiving support driven by two main factors. The first is the continued risk of failure in the negotiations between Tehran and Tel Aviv. The second is related to the chronic weakness of the U.S. dollar amid the American economy slipping into a recession, which may persist for a prolonged period, and the uncertainty surrounding the future global impact of Donald Trump's customs tariff policy.
From a technical perspective, gold prices continue to be in a long-term upward trend. The bullish momentum, driven by the aforementioned reasons, may continue after breaking and consolidating above the 3340 level.
Technical Outlook and Trading Idea:
The price is trading above the middle line of the Bollinger Bands, as well as above the 5-and 14-period SMAs , which have crossed and are giving a buy signal. The RSI is crossing the 50% mark, also indicating a buy. the Stochastic Oscillator is above 50% and continues to rise.
In this situation, I believe gold should be bought, with a potential rise toward 3384. A likely entry point for a buy position could be considered around 3347.
DeGRAM | GOLD rebound📊 Technical Analysis
● Friday’s flush tagged the green 3 300–3 310 demand and the long-term trend-support, then left a bullish gap inside the falling channel; price is now basing above the gap midpoint and printing higher lows toward the pink supply.
● A clean break of channel resistance at 3 348 completes a 4 h inverse-H&S measured to the next confluence at 3 375 (May pivot / former range top).
💡 Fundamental Analysis
● Core PCE cooled to 0.1 % m/m, pulling real 2-yr yields to two-week lows while IMF flagged persistent central-bank bullion buying—both restoring bid tone in gold.
✨ Summary
Long 3 320-3 335; clearance of 3 348 targets 3 375. Bias void on a 4 h close below 3 300.
-------------------
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XAU/USD Bearish Bomb Ready to Explode? (Entry Levels Inside)🏦💰 GOLD HEIST ALERT: XAU/USD Bearish Raid in Progress! (Short Setup Inside) 💰🏦
🚨 Cops Waiting at Resistance? Here's How to Steal Pips & Escape Safely! 🚨
🦹♂️ ATTENTION ALL MARKET BANDITS!
To the Profit Pirates & Risk-Takers! 🌍💣
Using our 🔥Thief Trading Tactics🔥 (a lethal mix of liquidity grabs + institutional order flow + macro traps), we're executing a bearish gold heist on XAU/USD—this is not advice, just a strategic robbery plan for traders who play by their own rules.
📉 THE GOLD VAULT RAID (SHORT ENTRY PLAN)
🎯 Loot Zone: 3280.00 (or escape earlier if bulls fight back)
💣 High-Stakes Play: Neutral trend turning bearish - trap for late buyers
👮♂️ Cop Trap: Where bullish traders get arrested by resistance
🔪 ENTRY RULES:
"Heist Activated!" – Strike when price breaks 3340.00
Sell Stop Orders above MA OR Sell Limit on pullbacks (15-30min TF)
Aggressive? Enter at market but use tighter stops
📌 SET ALERTS! Don't miss the breakdown
🚨 STOP LOSS (Escape Plan):
Thief SL at 3390.00 (4H swing high)
⚠️ Warning: "Ignore this SL? Enjoy your margin call."
🎯 TARGETS:
Main Take-Profit: 3280.00
Scalpers: Ride the bear waves only
🔍 FUNDAMENTAL BACKUP (Why This Heist Works)
Before raiding, check:
✅ COT Data (Are big players dumping gold?)
✅ Real Yields (TIPS vs Gold correlation)
✅ Geopolitical Heat (Safe-haven flows drying up?)
✅ DXY Strength (Dollar crushing commodities?)
🚨 NEWS RISK WARNING
Avoid NFP/CPI/FOMC periods (unless you like volatility torture)
Trailing stops = your get-out-of-jail-free card
💎 BOOST THIS HEIST!
👍 Smash Like to fund our next raid!
🔁 Share to recruit more trading outlaws!
🤑 See you at the target, rebels!
⚖️ DISCLAIMER: For entertainment only. Trade at your own peril.
#XAUUSD #GoldTrading #TradingView #LiquidityGrab #ThiefTrading
💬 COMMENT: "Short already—or waiting for confirmation?" 👇🔥
BULLS HOLDING KEY PIVOT 〉ATH AROUND THE CORNER As illustrated, Im trying to visualize what a potential bull run could look like starting from what seems to be a "bullish signature" move by gold: a diagonal double bottom.
Don't believe me; go back in time and study how gold makes bottoms and how new bull runs start. The fact that it was NY that manipulated BOTH times and got the best price, is a strong footprint that MIGHT just indicate a potential bottom (at least of this current bearish correction.
I won't say "this is it" and ATH are next FROM this potential rebound; HOWEVER, it could indicate at least the next 10 to 24 hours of potential bullish impulse to retest a degree of the bearish drop since Sunday's weekly open.
Hammer candle from Tuesday's NY session low + today's 4H bullish engulfing, are also powerful components that show bullish strength indicating 3300 to be a major support area.
I'm expecting (BUT NOT ADVISING) Asia to break aggressively to the upside confirming that this could have been this current correction's bottom, and/or at least this week's low.
Should Thursday close above Tuesday's high or consolidating near it, also shows signs of bullish strength and opens the door for Friday to make a second bullish impulse move.
This would reflect on the Weekly candle leaving a long rejection wick and closing (potentially) back above 3350 - 3360.
Should this be the case, the following week would have the road paved to lift off price to retest previous 4H highs of 3440 - 3450 range.
...
July is a bullish month historically. Don't believe me; search "seasonality tool, gold" and see it for yourself.
It is a matter of weeks for Gold to breakout of this wide accumulation phase it has been since end of April, and start a fresh and brand new bull run that could/should last until the end of the year.
-
GOOD LUCK
Persa
GOLD ROUTE MAP UPDATEHey Everyone,
Another smashing day on the charts with our levels being respected perfectly inline with our plans to buy dips.
After completing our bearish 3348 and bullish 3376 target we had the cross and lock above 3376 leaving a gap to 3395, which fell short just by few pips.
We then had the cross and lock below 3348 opening the swing range, which was also hit perfectly. We got the perfect bounce, just like we analysed allowing us to buy dips and now seeing the swing range carry out the move. We will see if this is completed for the full swing range 3348.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3376 - DONE
EMA5 CROSS AND LOCK ABOVE 3376 WILL OPEN THE FOLLOWING BULLISH TARGETS
3395
EMA5 CROSS AND LOCK ABOVE 3395 WILL OPEN THE FOLLOWING BULLISH TARGET
3419
EMA5 CROSS AND LOCK ABOVE 3419 WILL OPEN THE FOLLOWING BULLISH TARGET
3440
BEARISH TARGETS
3348 - DONE
EMA5 CROSS AND LOCK BELOW 3348 WILL OPEN THE SWING RANGE
3330 - DONE
3306 - DONE
EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SECONDARY SWING RANGE
3288
3271
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold's 3290-3300 Support : Next Week Aims for Gap-Up Retest Last week, gold opened with a gap-up on Monday 🔼, then trended downward 🔽.
⚡ Notably, the 3290-3300 support zone held firmly from Monday to Thursday, demonstrating strong resilience.
🌱 The price plunged to around 3255 on Friday but rebounded promptly.
🔥 For next week, the opening may surge toward the 3290-3300 zone, warranting close attention.
🚀 Buy@3260 - 3270
🚀 TP 3280 - 3290 -3300
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Why the Best Strategies Don’t Last — A Quant TruthOver the years, I’ve built strong connections with traders on the institutional side of the market.
One of the most interesting individuals I met was a former trader at Lehman Brothers. After the collapse, he transitioned into an independent quant. I flew to Boston to meet him, and the conversations we had were eye-opening, the kind of insights retail traders rarely get exposed to.
We didn’t talk about indicators or candlestick patterns.
We talked about how fast and aggressive algorithmic trading really is.
He told me something that stuck:
" People think hedge funds build one algorithm, run it for years, and collect returns. That’s rarely the case. Most algos are extremely reactive. If something stops working, we don’t fix it — we delete it and move on. That’s how the process works."
This isn’t an exception — it’s standard practice.
What stood out most in our talks was how adaptable these algorithms are. If market conditions shift — even slightly — the logic adapts immediately. These systems aren’t built on beliefs or opinions.
They’re built to respond to liquidity, volatility, and opportunity — nothing more.
This level of responsiveness is something most retail traders never factor into their approach, but it’s core to how modern markets operate.
█ How Quant Funds Use Disposable Strategies — And What Retail Can Learn
One of the most misunderstood realities in modern trading is how top quantitative funds like Two Sigma, Citadel, and Renaissance Technologies deploy, monitor, and replace their strategies.
Unlike traditional investors who develop a strategy and stick with it for years, many quant funds take a performance-first, outcome-driven approach. They:
Build hundreds of strategies,
Deploy only the ones that currently work, and
Retire or deactivate them the moment performance drops below their internal thresholds.
This is a deliberate, statistical, and unemotional process — and it's something that most retail traders have never been taught to think about.
█ What This Means
Quantitative firms often run:
100s of models simultaneously,
Each targeting a specific edge (e.g. trend-following, mean reversion, intraday order flow),
With tight risk controls and performance monitoring.
When a model:
Falls below a minimum Sharpe ratio (risk-adjusted return),
Starts underperforming vs benchmark,
Experiences a breakdown in statistical significance…
…it is immediately deprecated (removed from deployment).
No ego. No "fixing it."
Just replace, rebuild, and redeploy.
█ It runs live… until it doesn’t.
If slippage increases → they pull it.
If volatility regime changes → they pull it.
If too many competitors discover it → they pull it.
If spreads tighten or liquidity dries → they pull it.
Then? They throw it away, rebuild something new — or revive an old one that fits current conditions again.
█ Why They Do It
⚪ Markets change constantly
What worked last month might not work this week — due to regime shifts, volatility changes, or macro catalysts. These firms accept impermanence as part of their process.
⚪ They don’t seek universal truths
They look for temporary edges and exploit them until the opportunity is gone.
⚪ Risk is tightly controlled
Algorithms are judged by hard data: drawdown, volatility, Sharpe ratio. The moment a strategy fails to meet these metrics, it’s shut off — just like any risk engine would do.
⚪ They don’t fix broken models — they replace them
Time spent “tweaking” is time lost. New strategies are always in the pipeline, ready to rotate in when older ones fade.
█ Research & Real-World Validation
"Modern quantitative funds must prioritize real-time adaptability and accept that any statistical edge has a short shelf life under competitive market pressures." Adaptive Trading Agents” (Li, 2023)
Donald MacKenzie’s fieldwork on HFT firms found that algos are treated like disposable tools, not long-term investments.
Studies on adaptive algorithmic trading (e.g., Li, 2023; Bertsimas & Lo, 1998) show that funds constantly evaluate, kill, and recycle strategies based on short-term profitability and regime changes.
A former Two Sigma quant publicly shared that they regularly deploy hundreds of small-scale models, and once one fails risk thresholds or decays in Sharpe ratio, it’s immediately deprecated.
Walk-forward optimization — a method used in quant strategy design — is literally built on the principle of testing a strategy in live markets and discarding it if its forward performance drops.
█ Why Retail Rarely Hears This
Retail traders are often taught to:
“Stick with a system”
“Backtest 10 years”
“Master one setup”
But in the real quant world:
There is no perfect system. There are only edges that work until they don’t. And the moment market structure shifts — new volatility, different volume profile, regime change — the strategy is gone, no questions asked.
█ What This Means for Retail Traders
⚪ Don’t idolize “one perfect system.”
What worked in April might not work in June. Treat your strategies as temporary contracts, not lifelong beliefs.
⚪ Build modular logic.
Create systems you can tweak or retire quickly. Test new regimes. Think in frameworks, not fixed ideas.
⚪ Learn from regime shifts.
Volatility, spread, volume profile, macro tone — track these like a quant desk would.
⚪ Use metrics like:
- Win streak breakdown
- Market regime tracker
- Edge decay time (how long your setups last)
█ Final Thought
The best traders — institutional or retail — understand that there’s no such thing as a permanent edge. What matters is:
Having a repeatable process to evaluate strategy performance,
Being willing to shut off or rotate out what’s no longer working,
And staying adaptable, data-driven, and unemotional.
If you start treating your strategies like tools — not identities — you’ll begin operating like a professional.
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Gold: eased on tariffs dealAs geopolitical and economic tensions are slowly settling down, the price of gold eased its road toward the higher grounds. During the previous week, gold was traded with a bearish sentiment, dropping from the level of $3.395 down to $3.262. The main causes behind the drop in the price of gold are related to decreased tensions in the Middle East, as well as, settlement of the trade tariffs deal between the U.S. and China. Although the details of this deal was not disclosed publicly, still, the market reacted positively to the news. Investors moved funds from safe-haven assets toward the equity and the crypto market, as riskier ones in a quest for higher returns.
The RSI took the down path, ending the week at the level of 41. The indicator is currently clearly on the road toward the oversold market side. The price of gold breached the MA50 line during the previous week, which was acting like a support line for the price of gold during the previous period. The MA200 continued with an uptrend, following the MA 50 line. There is a high distance between two lines, so the potential cross is still not in the store for the price of gold.
Charts are pointing that the gold is on the easing road currently, with a potential for further correction in the coming period. The RSI is indicating that the oversold market side might be reached in the coming period, which means that the price could further ease. The bottom of the current correction might be $3.180, which was the highest level in mid April this year. Still, some short reversals are quite expected on this road, in which sense, Monday might start with a short attempt for higher grounds. In this sense, the $3,3K level might be tested.
Bearish Setup for GoldGold is currently in a retracement phase after breaking below the mid Keltner channel zone. The small upward arrow marks this temporary relief rally, which I anticipate will be short-lived.
Price is testing the lower band of the inner Keltner channel after rejecting from the upper zones. The structure suggests a classic lower high formation before a potential major sell-off, targeting the deeper liquidity zones around $3,218 – $3,160 and possibly $3,080 if momentum accelerates.
📉 Bias: Bearish
📌 Invalidation: A clean break and close above the red resistance block (~$3,320+)
📌 Target Zones: $3,218 → $3,160 → $3,080
🔔 Look for volume drop and wick exhaustion confirming the next leg down.
This retracement may offer one final short entry opportunity before a deeper correction unfolds.
GOLD DAILY OUTLOOK | BEAR MARKET STRUCTURE CONFIRMED 📉 Trend Reversal Underway – Prepare for Lower Levels
The daily structure on Gold (XAUUSD) confirms a shift from accumulation to distribution.
Here's what stands out:
🔻 Key Breakdown Factors:
Failure at O_FIB Rejection Zone
The price failed to sustain above the upper Fib extension and supply zone (marked in red). Multiple attempts at reclaiming this level have resulted in sharp rejections, signaling exhaustion of buyers.
Break of Mid-Range Structure
We've decisively closed below the range midpoint, with strong bearish daily candles. This confirms loss of control by bulls and opens the door for a move toward deeper retracement zones.
Support Zones Exposed
The 0.618 FIB & 100 MA area around ~3160 is now a primary target. This zone held previously, but repeated touches weaken structure.
The 1.0 FIB & 200 MA zone around ~2960 is the macro support target. If sentiment continues to deteriorate, this will be the magnet.
EMA Crosses Rolling Over
Price has decisively lost the 9/21 EMA zone. Until a daily close reclaims this zone (~3335+), bearish momentum remains valid.
📉 Bearish RSI Momentum
While not a primary signal, RSI confirms momentum divergence and bear control below the midline. No sign of reversal.
🎯 Bearish Bias Until Reclaim of 3335 Zone
📌 Next Target = 3160, then 2960
🛑 Invalidation = Daily close above 3340 with strong volume and reclaim structure
This is not a short-term pullback — it's the beginning of a deeper correction. Gold is no longer in the “safe-haven” trade. Be patient, position with structure, and let the trend do the work.
Focus will be on fading the traps on pullbacks into structure.
Waiting for gold price to grow with ADP-NF⭐️GOLDEN INFORMATION:
Gold (XAU/USD) finds it difficult to extend its two-day rally and trades within a tight range during Wednesday’s Asian session, hovering just below Tuesday’s one-week high. A modest rebound in the US Dollar—recovering from its lowest level since February 2022—has put pressure on the precious metal. Additionally, improving market sentiment continues to reduce demand for safe-haven assets like Gold, further limiting its upside.
⭐️Personal comments NOVA:
Steady trendline recovery, sustained buying could move towards 3383 with today's ADP-NF data
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3382- 3384 SL 3389
TP1: $3370
TP2: $3360
TP3: $3350
🔥BUY GOLD zone: $3312-$3310 SL $3305
TP1: $3320
TP2: $3330
TP3: $3340
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD (XAUUSD): Classic Trend-Following Pattern⚠️Gold closed on Tuesday, forming a bullish flag pattern on an hourly chart, indicating a market correction following a strong upward wave.
A breakout above the resistance line with a candle close will likely signal a continuation of the trend, with a high probability of the price rising to at least a new higher high.
However, keep in mind that the price may respect the trend line multiple times and corrections could be prolonged, which is why we depend on a reliable breakout as a trigger.
GOLD (XAUUSD): Potential Scenarios Explained
Here is my updated technical outlook for Gold with potential scenarios.
Bullish Scenario
The price is currently testing a significant daily resistance cluster.
Its bullish breakout and a daily candle close above 3368 will
provide a strong confirmation.
More growth will be expected then.
Bearish Scenario
For now, the market is consolidating on the underlined resistance.
The price is stuck within a horizontal range on a 4H time frame now.
Your bearish signal will be a breakout of its support and a 4H candle
close below 3310.
It will provide a strong bearish confirmation.
The market might be weak and remain within a 4H range today.
But, everything can happen, so watch carefully.
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GOLD Bouncing from Trendline, Breakout Ahead?GOLD BOTTOM IS HERE 🔥
Gold has taken support from the rising trendline and is now close to breaking a key resistance. The chart is showing an ascending triangle, which usually means a big move is coming.
If price breaks above the resistance, we might see a strong rally of 13% or more.
The setup looks positive as long as the support stays strong.
Looks like Gold is ready to shine again!
Retweet if you're bullish.
Like and follow for more updates!
#GOLD TVC:XAU