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Gold Faces Key Resistance: Potential Bull Trap Before bearish 🟢 Big Picture – What’s Happening on the Chart? This is a 1-hour chart of XAU/USD (Gold), showing the recent trend, key levels, and a forecasted movement. At a glance, you can see that Gold has been in a bullish recovery since the drop on May 29. The market is currently testing a key resistance zone (around $3,400), which aligns with the upper boundary of the ascending channel and a previous consolidation area. --- 🔍 Technical Breakdown (Experienced View) 1. Trend Structure The market formed a higher low after a recent dip (around May 29), suggesting bulls are gaining control. Price is respecting an ascending trendline, showing a short-term bullish channel. However, the price is approaching an area of confluence resistance (horizontal resistance + channel top). 2. Chart Patterns The current setup hints at a rising wedge, which is typically a bearish reversal pattern. The chart shows projected arrows suggesting a breakout to the upside (short-term) followed by a pullback, which matches how wedges often behave: false breakouts before the real move. 3. Fib and Zone Analysis The color bands behind the chart likely represent Fibonacci retracement zones or volume profile levels. Notice how the price interacts with the green/yellow zone—it’s a clear area where price historically reacts. If price rejects from here, a pullback to the 3,350 or even 3,300 zone is possible. --- 🧠 Experienced Interpretation If I were trading this: Scenario A (Breakout Trap): I’d be cautious about chasing a breakout above 3,400. This could be a liquidity grab, where market makers push price slightly above resistance to trap breakout buyers, then reverse. Scenario B (Short Setup): After the false breakout, I’d look for bearish confirmation (rejection candle, bearish engulfing, or RSI divergence) to enter a short targeting 3,350–3,300. Scenario C (Long Continuation): If price breaks out strongly and retests the 3,400 level as support, I might switch bias and go long toward 3,450. But I’d need a clear break and hold above this level first. --- 🧭 Trading Psychology Reminder This chart reflects anticipation. The trader behind it expects a fake-out before a drop. As an experienced trader, I wouldn’t blindly follow arrows—but I’d use them to prepare “if-then” scenarios, like: If price breaks above resistance but closes back inside → look to short. If price holds above breakout → ride momentum long with tight risk control. --- ✅ Summary Current bias: Bullish short-term, bearish correction expected. Key zones: Resistance at $3,400–$3,420; Support at $3,350 / $3,300. Strategy: Wait for confirmation of either breakout or rejection; prepare for both outcomes. Risk Management: Crucial at resistance zones like this—false breakouts are common traps.
TRADENATION:XAUUSDShort
by Fx_Faiza
1
XAUUSD Sniper Plan – June 5, 2025"One push too far, or just the warm-up?" Hello traders 👋 After Wednesday’s irrational 400+ pip run triggered by soft ADP and weak ISM data, Gold entered premium zones with no correction. But tomorrow, things get real: Unemployment Claims hit the scene — and that’s the one market actually listens to. Price is now sitting on a thin floor, with liquidity stacked both above and below. Will we see continuation or reversal? Let’s break down the map 🎯👇 🧠 Macro Bias & Structure Daily & H4: Still holding a bullish market structure, but clearly overextended into premium zones. H1 + M30: Minor CHoCH printed; no BOS down yet. RSI showing bearish divergence. Fundamentals: ADP + ISM = weak, dollar bearish. But Thursday's jobless claims could decide the next leg. Until then: price is floating on air. 🔎 Bias: Mixed – bullish unless reversal is confirmed with BOS below 3373. 🔼 Bullish Zones (buy if price confirms support) Zone Price Range Rationale 1. Deep Demand Buy 3315 – 3302 Full H1–H4 demand OB, FVG, and clean discount confluence. Strongest zone for rebound if news drives sell-off. 2. Daily OB Buy Zone 3342 – 3330 Untested D1 OB + fib 61.8% + equilibrium. Clean long trigger if market dumps before news. DZ. Decision Zone (Not for blind buys) 3376 – 3373 Not a sniper buy. This is now a reaction zone: if price holds above, intraday longs may hold. If broken → bearish confirmation. 🔽 Bearish Zones (sell only with clean PA rejection) Zone Price Range Rationale 1. Liquidity Sweep Sell 3389 – 3397 Clean stop-hunt zone above NY high. Weak hands will long too late — ideal for rejections. 2. Premium OB Sell 3412 – 3422 Unmitigated OB inside fib 1.0 extension. If we push up here pre-NFP, look for sweep + drop. 3. Trap Zone – Top of Move 3440 – 3452 Only valid if news overreacts. Last-resort reversal zone. Use LTF confirmation only. ⚠️ Key Notes: Thursday = liquidity trap day before unemployment claims. Expect false breakouts. Let price come to the levels — no chasing. Don’t force the bias. Read the reaction. 💬 Final Word from GoldFxMinds: We don’t chase candles. We don’t guess direction. We prepare, we wait, we strike. ⚔️ Leave a comment if you’re watching this madness with us. Follow for more sniper-level breakdowns — and remember, we’re not here for hype. We’re here for precision. 📍Stay sharp, stay patient. — GoldFxMinds
OANDA:XAUUSD
by GoldFxMinds
Daily Analysis: 05‑06‑2025 Spot gold closed yesterday with a 0.6% gain, settling at 3,373, supported by a weakening U.S. dollar. Additional bullish momentum came from President Trump's renewed call for interest rate cuts following weak U.S. data, as well as a phone call between Trump and Russian President Putin. Market attention is now focused on Friday’s upcoming meeting between Trump and Chinese President Xi Jinping, as well as the U.S. Non-Farm Payrolls (NFP) data. Today, investors will be watching the release of weekly U.S. jobless claims and the European Central Bank’s (ECB) interest rate decision. Technical Outlook: If the price breaks above the 3,392 resistance level, the next target could be 3,435. On the downside, a break below the 3,331 support may push the price toward 3,300.
OANDA:XAUUSDLong
by byyahyagold
Intraday & Swing Analysis: Gold Poised for Next Leg Higher15-Minute Chart (Intraday View) Trend Structure: Price has been trading within a small ascending channel after a prior consolidation. Breakout Anticipation: The recent rejection at the top of the channel followed by a pullback to near the lower trendline suggests a potential bullish continuation. The dashed blue arrow implies a forecast for a bounce off the trendline and a breakout to the upside. Support Zone: There's a visible horizontal demand zone around the 3330–3340 area, acting as a short-term support. Bias: Bullish if price sustains above this support and breaks the local structure high. --- 4-Hour Chart (Swing/Medium-Term View) Primary Pattern: A falling wedge breakout occurred earlier (bullish reversal pattern), leading to a strong bullish impulse. Ascending Trendline: Price is consistently respecting an upward sloping trendline, indicating bullish market structure with higher lows. Resistance Area: Horizontal resistance between 3340–3400, as shown by the multiple yellow shaded zones. Projected Move: Blue dotted line indicates an expected consolidation or pullback before a continuation move toward 3400+. The solid black arrow suggests a more immediate bullish scenario. --- Overall Analysis & Outlook Trend: Bullish on both intraday and swing timeframes. Key Levels: Support: 3320–3340 Resistance: 3380–3400 Trading Idea: Aggressive Entry: Long from current support zone targeting 3380–3400, with tight stop below 3320. Conservative Entry: Wait for a confirmed breakout above 3380 with a retest for entry.
VANTAGE:XAUUSDLong
by Fx_Faiza
XAUUSD 15MThe chart you've provided shows a technical analysis setup for Gold Spot against the US Dollar (XAU/USD) on a 15-minute timeframe. Here's a breakdown of the chart: --- 📊 Chart Analysis Summary: 1. Ascending Trendline: A blue ascending trendline is drawn, indicating higher lows and suggesting bullish momentum. 2. Register Live Point (Resistance Zone): Marked with a red horizontal band, this zone has acted as a resistance level, where the price has struggled to break above multiple times. 3. Target TP (Take Profit Level): The projected target level is marked significantly above the current resistance, around 3,398–3,400, which indicates the bullish target upon breakout. 4. Bullish Setup: The current price (around 3,376.825) is trending upward, and the setup suggests a breakout above the resistance (Register Live Point) could trigger a move toward the target TP. --- ✅ Interpretation: Buy Setup: The chart indicates a potential long (buy) trade if the price breaks and holds above the resistance level (~3,380). TP (Take Profit): Around 3,398–3,400. Support/Trendline: As long as the price respects the ascending trendline, the bullish bias remains valid. --- Would you like help with a trading plan (entry, stop-loss, take-profit), or would you like this translated into a written trading idea?
OANDA:XAUUSDLong
by Alpha_Gold_Trader
1
GOLD A Fall Expected! SELL! My dear friends, Please, find my technical outlook for GOLD below: The instrument tests an important psychological level 3392.95 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 3378.37 Recommended Stop Loss - 3403.2 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TRADENATION:XAUUSDShort
by AnabelSignals
1
XAUUSD (Gold) – Bearish Setup in Play | H1 Wave Count + AO Dive🟡 XAUUSD (Gold) – Bearish Setup in Play | H1 Wave Count + AO Divergence 🟡 🗓️ Date: June 5, 2025 📉 Timeframe: 1H 🔍 Elliott Wave Count: The current structure appears to have completed a classic 5-wave impulse. Wave (5) has just printed, and notably, Awesome Oscillator (AO) confirms a divergence: Wave 3 had a higher AO peak than Wave 5, signaling bearish momentum loss. This divergence is a strong reversal signal, often preceding a corrective move (ABC). 📊 Technical Confluence: Price is now entering a key Supply and Demand (SND) zone between 3401 – 3414, an area that previously caused a strong rejection. Multiple Fibonacci extensions also cluster near this level: 1.618 and 2.618 extensions align closely with current highs. These confluences further strengthen the sell bias. 📉 Trade Idea: 🎯 Bias: Bearish 📍 Entry Zone: Around 3401 – 3414 ❗ Confirmation: Look for bearish engulfing candle or breakdown from rising wedge 🎯 First Target: 3372 (Fib 0.618 retracement of wave 4–5) 🎯 Second Target: 3357 or deeper if larger correction unfolds ❌ Invalidation: Break and close above 3418 🧠 AO Divergence Reminder: Divergence between price and oscillator like AO (lower momentum on a higher high) often signals exhaustion of trend — perfect timing for contrarian plays at strong SND zones. 📌 Summary: Wave (5) completion with AO divergence near a significant SND zone (3414–3401) sets the stage for a high-probability short trade. Monitor lower timeframes for entry triggers.
FOREXCOM:XAUUSDShort
by AwesomeOscDad
GOLD NEXT MOVE (buying continued )(05-06-2025)Go through the analysis carefully and do trade accordingly. Anup 'BIAS for the day (05-06-2025) Current price- 3388 "if Price stays above 3370, then next target is 3398, 3415, 3430 and 3340 and below that 3430 and 3310 ". -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
OANDA:XAUUSDLong
by AnupZiddi
12
DeGRAM | GOLD bullish takeover📊 Technical Analysis ● Price reclaimed the grey 3 305-3 330 supply and is now basing on the purple trend-line, turning a former cap into demand and keeping the sequence of higher-lows inside the 2-month rising channel. ● An H16 bullish engulfing fixed above the old channel roof (≈3 342) and completes an ascending triangle whose 1.618 swing points to the 3 435 confluence zone; a break of that ceiling would expose the fib / outer rail cluster near 3 500. 💡 Fundamental Analysis ● World Gold Council reports May was the strongest month of net central-bank buying since January, offsetting ETF outflows, while weaker US ADP hiring trimmed yields and cooled the dollar, supporting bullion. ✨ Summary Buy 3 305-3 330; triangle break >3 350 targets 3 435, stretch 3 500. Long view void on a 16 h close <3 245. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDLong
by DeGRAM
1
GOLD → Retesting resistance may lead to a breakoutFX:XAUUSD is still bullish. The price is consolidating in the range of 3390-3345, with an intermediate bottom forming inside the channel, which overall indicates positive signs. On Thursday, gold is consolidating ahead of $3390. Consolidation after growth, within a bullish trend, is a good sign. But, on the one hand, the price is supported by growing tensions between Russia and Ukraine. On the other hand, optimism about US trade negotiations with Canada, the EU, and China is strengthening the dollar and holding back demand for gold. Additional pressure on the dollar is coming from weak US macro statistics, especially ADP data and the decline in the ISM Services PMI, which have reinforced expectations of Fed policy easing. Traders are waiting for further signals from the regulator. Resistance levels: 3391.4, 3414, 3435 Support levels: 3365, 3345 Technically, gold is rising and forming a retest of consolidation resistance. If the 3391 level is broken, the price may head towards 3435. Before breaking through resistance, a correction or retest of 3365 may form. However, consolidation near 3391 and a gradual squeeze towards the level will increase the chances of a breakout and growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
XAUUSD ON TRIANGLE 📌 XAUUSD – 1H Chart Update | June 5th, 2025 Gold is consolidating within a triangle pattern, with price respecting key structure levels and showing signs of potential breakout. Despite a bullish bias, the Stochastic oscillator remains in the overbought area, signaling a possible short-term pullback before continuation. 🟧 Key Technical Highlights: Price is consolidating near the triangle’s apex — a breakout is imminent. Bullish breakout target: 3,392–3,410 Supply Zone. Breakdown potential: revisit to Demand Zone at 3,340 or deeper to 3,306–3,246. Overbought Stochastic supports the scenario of a pullback before bullish continuation. 📊 Upcoming Fundamental Catalyst: 🔥 NFP Data – Friday, June 7th (High Impact) Strong NFP → USD strengthens → Gold may drop Weak NFP → USD weakens → Gold may rally Traders are likely to remain cautious ahead of the release, potentially leading to choppy or range-bound price action until the data is out. 🧠 Trading Strategy: Wait for breakout confirmation with volume. If price rejects the upper triangle, prepare for a retest toward Buyer Zone. If breakout occurs after NFP with bullish momentum, target 3,392 and above. Stay sharp, trade smart, and manage your risk — especially heading into NFP! Disclaimer ON
OANDA:XAUUSDLong
by mchansha