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Gold CFDGG

Gold CFD

3,338.8USDR
+36.0+1.09%
As of today at 23:54 GMT
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GOLDCFD trade ideas

Gold can exit from wedge and drop to support levelHello traders, I want share with you my opinion about Gold. Price action on Gold has shown strong bullish momentum earlier, as it broke out of the previous upward channel and started forming an upward wedge. The rally gained traction once the price left the buyer zone between 3006 - 3025 points, pushing through multiple resistance levels and creating a new structure of higher highs. After the breakout from the wedge’s support line, the price continued to grow and eventually reached the upper boundary of the wedge pattern. Here, we saw a clear reaction and reversal, signaling potential exhaustion among buyers. Currently, the price is trading just below the upper wedge resistance and has already made a pullback after the latest local high. Given this structure and the fact that the wedge pattern is tightening, I expect gold to reverse again and decline toward 3270, which is my first TP. If pressure continues, the price may drop to the 3210 current support level as TP2. The reaction from the upper wedge boundary, combined with weakening momentum and a strong support area below, supports my bearish outlook for now. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
15
GOLD New Scenarios Available , Which One You Prefer ? Here is my new update on Gold , now the price create new res 3500.00 and move to downside very hard after give me 1300 pips from the entry i shared with you , so now we have 2 scenario , first one the price will retest 3450.00 and then go up again to hit 3550.00 or the price can close today below 3450.00 and give us some bearish movement , so i`m waiting for confirmation to choose which direction we can go with , tell me your opinion on the comments .
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by FX_Elite_Club
GOLD Trade Plan 24/04/2024Dear Traders. Price opened with + GAP , and i have 2 Scenario`s for Reversal , 1- Reversal From 3290-3305 to Target 3400 2- Reversal From 3220-3240 To Target 3400 This recent drop suggests that we are likely in wave 4, and I expect another upward wave to follow. We need to wait and analyze the daily and weekly candles more closely. If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza
OLong
by alirezak
Gold on a downswingTechnical analysis: Gold has formed one narrow and one wider Descending Channel on the Hourly 4 and Daily chart. Since Price-action broke below the #3,300.80 first Support with force (and comfortably Trading above it), the Hourly 4 chart’s reversal crossed into a Bearish territory, and with DX still on multi-Month downtrend (struggling to make Bullish comeback for more than #2-session horizon), Sellers re-appeared as Gold entered the Bearish formation, with #3,252.80 - #3,262.80 Support zone to monitor. On the other hand, Buying response was expected regardless as Price-action broken the Lower Bollinger bands line (last time such scenario occurred is on the February #27 fractal). As such any pullback towards the #3,300.80 benchmark and apparent rejection remains an additional Selling opportunity. Unless the strong Resistance gets invalidated (#3,300.80 Top of the Resistance zone), Bearish sentiment remains intact however personally, break of #3,252.80 benchmark Support could arise Medium-term Sellers which could fill #3,200.80 psychological barrier on Intra-day basis. My position: Keep Selling every High's unless #3,300.80 benchmark gets invalidated and prepare for #3,262.80 Support test in extension.
OShort
by goldenBear88
Gold double bottom 3262 formed, next week's ladder is bullish Gold closed with an adjustment K-line on the weekly chart, and the downward rhythm slowed down at the end of Friday. Currently, gold stabilized at 3265, and formed an effective double bottom pattern with the decline and rebound on Wednesday. Can the market achieve an effective breakthrough based on the double bottom structure? Trading at the beginning of the week continued the idea of ​​oscillating bulls. Gold usually showed a strong upward trend during the Asian session, and the bullish momentum was mostly released before 10 o'clock. This week, gold continued to show a strong sideways or upward pattern before 10 o'clock. If there is no breakthrough during this period, it will turn into an oscillating downward rhythm before the European session. This rule is highly consistent with the recent gold decline cycle. The US market showed a regular trend of "opening weak, stabilizing and rising after 22 o'clock", and this fluctuation feature was verified from Wednesday to Friday. Next week, focus on initial jobless claims, CPI and non-agricultural employment data. It is recommended to manage positions before the release of major data. The trading logic of the European and American markets continued at the beginning of the week. The reference support in the early trading session was 3300, and 3270/60 was used as the bottom of the range to arrange long orders. If it rises directly at the beginning of the week, the pressure level will focus on the 3380 line. The current long-term bullish pattern has not changed. The double bottom pattern formed on Friday provides support for the step-by-step rise. After an effective breakthrough, it can be expected to rise to the 3550 area.
TLong
by Yuliya1l11
GOLD → Recovery after the FB of 0.5 fibo. What's next?FX:XAUUSD on Thursday tests 0.5 fibo, which I outlined to you on April 17, forms a false breakdown and recovers amid unstable geopolitical relations in the world. Price may continue its northward run. The dollar continues to fall. The fundamental background depends on the relationship between the US and China as well as economic data especially after Powell's speech. The weekly session closes close to support, the decline may continue. Gold after the shakeout is heading back north. Based on the fundamental background, the price may continue to rise. There are three days of downtime ahead as traders rest. Fundamentally, anything can happen over the weekend, however, technically, the emphasis is on intermediate levels. The trend is still strong and bullish Resistance levels: 3332, 3344, 3357 Support levels: 3313, 3288, 3284 If nothing supernatural happens over the weekend, gold in the Asian session may bounce off the nearest resistance and test trend support before continuing the uptrend. If there are any critical changes in the mood of countries/politicians then I will update the situation Regards R. Linda!
FLong
by RLinda
15
Gold Reaction Zones for April 22XAUUSD – Intraday Reaction Zones Smart Money Concepts | 1H + 4H Structure NY Session Focus 🔻 SELL ZONES (Above Price) 1️⃣ 3500 – 3503 🔸 Psychological round number 🔸 Inefficiency + liquidity magnet 🔸 Watch for reversal wick or M15 CHoCH 2️⃣ 3472 – 3478 🔸 1H supply + previous rejection wick 🔸 Already caused a strong move down 🔸 Valid for short on second test with confirmation 3️⃣ 3564 – 3568 🔸 4H unmitigated supply zone 🔸 High-impact reversal area 🔸 Only in play if NY breaks out with strength 🟢 BUY ZONES (Below Price) 1️⃣ 3440 – 3447 (Currently in play) 🔹 1H OB + imbalance combo 🔹 First support zone for potential bullish reaction 🔹 Watch for rejection or confirmation before entry 2️⃣ 3410 – 3416 🔹 BOS origin zone on 1H 🔹 Imbalance + clean structural base 🔹 Stronger foundation for longs if 3440 breaks 3️⃣ 3350 – 3362 🔹 4H demand 🔹 Multiple rejections and accumulation in past sessions 🔹 Valid for bounce if deeper selloff continues 🧠 Market Context Price broke below 1H HL at 3462 → currently pulling back HTF structure still bullish, but intraday flow is bearish NY may hunt liquidity into lower zones before reversal Confirmation is key — no blind entries 📌 Important Notice!!! The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
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by GoldMindsFX
Gold fluctuates and the trend is bearish!The rise and fall of gold is not based on technical aspects, but more on fundamentals and big data, as well as the impact of tariffs. Without these influences, we are bearish this week. If the decline of the big C wave continues, the target will be 3230. 3165 is the Fibonacci 61.8 position of the callback and also the previous high point, which is easy to form a rebound. Gold focuses on two major suppressions, one is the hourly suppression around 3300, and the other is 3315 and 3328, both of which are opportunities for air forces. In terms of the short-term operation of gold, it is recommended to short on rebounds and long on callbacks. The short-term focus on the upper side is 3298-3300 resistance, and the short-term focus on the lower side is 3265-3260 support.
FShort
by BlairClara
1
Gold soaring on Fundamental pressure / Buy every dipTechnical analysis: Gold has gone into Asian session Buying rally continuation and having been slightly disconnected on it’s Technical background and especially correlation with DX, Bond Yields are Trading near local High’s (Bullish Gap fill) which is a mix which pushed Gold north aggressively and invalidated Selling potential prior every local High's. Sellers once again underestimated the Bullish potential of the recent Buying leg as Gold’s Price-action is isolated within healthy Ascending Channel on most of the charts. As long as aggressive Volatility lasts, and the probability of doing so is High as April is projected to be Bearish Month regarding DX, Gold will represent decent Short and Medium-term Buying option. If by some intervention DX start trending upwards (so far struggling to make Bullish comeback and finding meaningful Support or in general more stable Support zone), uptrend on Gold will be stalled but for now #3,500.80 benchmark is and should probably be next Gold’s most viable Target if DX don't deliver new full bodied positive candle. Daily chart’s curve for now holds Buying bias and usually this Technical setup points to new Bullish break-out. My position: I have expected Gold to form a Top near #3,392.80 - #3,400.80 however since Price-action invalidated my potential reversal zone and closed the market above #3,400.80 benchmark, I continue Buying Gold all the way with #3,500.80 benchmark as new potential Ultimate Top's zone. Keep in mind that as long as DX is Trading on disappointing numbers, Medium-term Selling reversal on Gold will be postponed.
OLong
by goldenBear88
Gold extends slump as risk assets rallyGold has extended its slump, now off by more than $230 (-6.5%) from yesterday's record high of $3.5K. Unwinding of "Sell America" trades continue as risk assets rally on Trump's trade optimism. Key levels to watch With short-term support broken at $3,342, this level has already turned into resistance. The next support was at $3,284. This level has just been taken out. Therefore, we could this level turn into resistance in the next few hours. Untested old resistance at $3,245 is now the next downside objective. Below that $3,200 and then $3,167 (old resistance). How to trade gold? Trade gold from level to level, as it unwinds from significantly overbought levels. Could be a while before it starts trending higher again. Equally, given the long-term bullish trend, the bears should be looking to book profit some profit at every potentially key support. By Fawad Razaqzada, market analyst with FOREX.com
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by FOREXcom
Chips Off the Table or Buy the Dip ?Hello Traders 🐺 I hope you're doing well — especially if you followed my last idea, because you probably took some chips off the table and got prepared for a healthy correction. As I mentioned before, if BTC (aka digital gold) starts to bounce, there's a strong chance we’ll see a correction in GOLD — because these two assets are starting to decouple. At the time of writing this idea, BTC is up nearly 10% compared to two days ago, while GOLD has dropped around 6% and printed a very bearish candlestick pattern. Let me show you: BTC vs GOLD: As you can see on the chart above, BTC has broken out of a bullish flag, while GOLD is printing a potential local top — at least in the short term. 📉 My personal price targets for GOLD: First Target: Around the support trendline at 3088$. If you want to be more conservative — since we’re still in an uptrend — it’s smarter to take profits and buy back around the 0.5 Fibonacci level. Second Target (Worst-case scenario): Around the blue monthly support trendline — near the 0.786 Fibonacci level — somewhere around 2850$. Why? Because the RSI shows a triple top and a strong bearish divergence. If this pattern plays out, we could see more short-term pain in GOLD. I hope you enjoyed this idea — and as always, remember: 🐺 Discipline is rarely enjoyable, but almost always profitable. 🐺 🐺 KIU_COIN 🐺
OShort
by Kiu_Coin
GOLD Trading Opportunity! SELL! My dear subscribers, This is my opinion on the GOLD next move: The instrument tests an important psychological level 3307.1 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 - 3292.6 My Stop Loss - 3313.6 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. 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
TShort
by AnabelSignals
1
Can gold continue its decline and hit a new low?Gold price is currently trading below 3330. The downward trend in the Asian session fell below 3313, and our short position also successfully harvested a wave of big profits. Gold price showed signs of rebound at the beginning of the European session. Now the upper suppression level can be moved down. The short-term suppression refers to 3330, followed by the second highest point on the way up to 3357; the lower support focuses on 3285, and after effectively breaking it, we can focus on 3245. Now the gold price is trading near the low point of 3318. The prudent operation idea is to short at 3320 for protection at 3331 to see the gold price go to 3285. After the break, wait for the rebound of 3300 and go short again to see the position of 3245. It is not recommended to participate in long positions. On the whole, today's short-term operation of gold recommends shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus is on the first-line resistance of 3320-3330, and the bottom short-term focus is on the first-line support of 3285-3245. Short order strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3320-3325, stop loss 6 points, target around 3290-3260, and look at 3245 if it breaks; Long order strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 3245-3250, stop loss 6 points, target around 3280-3290, and look at 3300 if it breaks;
OShort
by MariaLee66
Gold plummets and peaks in stages, price trend in the futureGold prices retreated from a record high of $3,500, attracting some selling for two consecutive days. U.S. President Donald Trump softened his rhetoric toward the chairman of the Federal Reserve and sent signals that trade tensions may be easing, weakening market demand for safe-haven assets. The fluctuations will depend on technical points. When the market returns to the technical level, the next operation will be much more stable. At least there are high points above for reference. It is just a matter of timing. However, the crazy time is over, but the bull market is not over. At present, the price has peaked at 3500 USD. The short-term market will enter a consolidation phase. The callback will focus on the 382 split support of 3292 and the 50 split support of 3228 in the 2956-3500 segment. The limit is that it will not fall too far from 3167. These positions are also waiting for the opportunity to rise again. Each squat adjustment is to further continue the bullish trend. The next stage of pull-up height should pay attention to 3746; In the intraday, gold opened lower in the early trading, rebounded to the gap of 3385 US dollars and continued to break the bottom. In the short term, 3385 will form a new pressure point. For today's market, the high and high are the main rhythm. The morning low of 3315 is the watershed. If it falls below it during the day, the US market will inevitably retreat for the second time. The double bottom support is 3283, which is the point for long today.
OLong
by MariaLee66
Gold Ideas for April 23 ahead of Flash Manufacturing PMI News📉 XAUUSD Trade Plan – April 23, 2025 Market Overview: Current Price Action: Gold is in a bearish corrective phase within a higher time frame bullish structure. The recent price action confirms a short-term bearish flow with CHoCH and BOS. 🔻 SELL ZONES 🔴Sell Zone 1: 3330–3341 ✅ Valid: Previous support turned resistance Structure: CHoCH origin on 1H Watch for: NY spike into zone + LTF rejection 🔥 Most likely short setup today 🔴Sell Zone 2: 3362–3372 ⚠️ Still valid, but far from price Use only on aggressive NY volatility or PMI spike Risk of price flipping bullish if broken 🔴Sell Zone 3: 3384–3393 ❄️ Inactive for now – requires major news catalyst HTF OB + imbalance, but distant unless price surges Lower probability unless full reversal structure forms 🔴Key Level: 3410–3414 🔒 Reserved for extreme sweep/reversal Only valid if all upper zones are taken out + price reaches premium zone with liquidity grab 🟢 BUY ZONES 🟢Buy Zone 1: 3290-3303 ✅ Played perfectly – Price tapped and bounced Structure: M30 OB base + liquidity sweep Still valid for retests with M1–M5 confirmation Primary intraday buy 🟢Buy Zone 2: 3272–3282 🟡 Valid but less likely today unless 3291 breaks Stucture: FVG fill + minor OB Good for continuation if NY fakes out into discount 🟢Buy Zone 3: 3224–3233 🧱 Strong HTF EQ zoneReactive demand with imbalance Use for NY deep pullback + structure reclaim 🟢Buy Zone 4: 3150–3190 ⚠️ HTF only – not expected to trigger today Long-term reversal zone, use with caution unless major drop happens 🔍 FINAL STRATEGY NOTES Watch 3318–3330: Mid-structure, key battle zone → avoid entries here Best plays: → Sell from 3330–3341 if rejection forms → Buy retest of 3291 ONLY with clean confirmation Avoid counter-trend limit orders — wait for BOS/CHoCH on LTF 📌 Important Notice!!! The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
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by GoldMindsFX
4/24 Gold Trading StrategyYesterday's intraday recommendation to buy near 3260 has paid off, with gold trending upward after the market opened today and generating solid profits. The current pullback appears to be a healthy support retest. However, caution is needed—if the price breaks below 3306, momentum could drag it under 3300 again. Should that happen, a renewed long position at lower levels is still worth considering. The rebound so far lacks both strength and duration, suggesting a potential shakeout. While it could also be a bull trap, entering at lower levels limits downside risk—with the worst case being reduced profits, not significant losses. Today's Trading Strategy: Sell Zone: 3410–3440 Buy Zone: 3267–3230 Flexible Trading Zones: 3383–3340 / 3288–3336
FLong
by China_MsWang
Gold 100% Profit SignalGold has retreated from $3,500, is the price near a top? Possibly. But I wouldn't sound the alarm bells just yet. This is most likely due to some regular profit-taking. The high indicators are more of a warning than a call to arms. Rather than "get out of here," it's more of a "stay alert." At present, the initial support below is in the 3405-3400 area. Further down are the two key support levels of 3380 and 3357. 3380 is the support level near the middle track of the 4-hour level, and 3357 is an important top and bottom conversion position in the previous period. These two positions still provide strong support for the future market rise. At present, the 4-hour level high has closed in a bearish pattern of Yin engulfing Yang engulfing, and the K-line is negative. The short-term is expected to improve and fall back. Short-term operations will mainly rebound from high altitudes. Pay attention to the resistance near 3435 and 3450 on the top and do not break the air. Pay attention to the support near 3408-3400 on the bottom. If it breaks, adjust the position and continue to look at 3380.
O
by EuniceHarrington