Idea: 4/17 Gold Trading Strategy Gold has now fallen below the 3300 level, and today's sell-side strategy once again proved highly accurate. Those who followed the signal should have secured solid profits.
The downtrend remains intact on the 2-hour chart. If the market presents a favorable buy zone, it could offer an excellent opportunity for a new round of long positioning. Stay alert and ready.
XAUUSDMGC1!GC1! Yesterday, the escalation of the tariff issue significantly strengthened bullish momentum in gold, leading to a one-sided upward move. There’s no need for lengthy analysis today — in this kind of market condition, the focus should be on identifying sell opportunities. A sustained rally like this is almost always followed by a correction, even without any additional catalyst.
Furthermore, today’s initial jobless claims data may provide an opening for the bears. Even if the data is bullish for gold, the likelihood of another sharp rally is low at this stage.
Today’s Trading Recommendations:
Sell Zone: 3350 – 3390 Ideal for initiating short positions as gold approaches extreme levels.
Buy Zone: 3268 – 3252 Key support zone where long positions can be considered upon a pullback.
Range Trading Zone: 3330 – 3288 Suitable for flexible intraday trades based on market structure and real-time price action.
Summary: After a strong one-sided surge, gold is now in overbought territory. Look for short setups at resistance zones, especially with potential catalysts like jobless claims data on the horizon. A healthy correction is both expected and necessary before any further sustained move upward.
XAUUSD 📌 Gold has surged over $400 in just six trading days—a textbook example of an extreme short squeeze!
Yesterday, gold broke above the 3300 psychological barrier and is now trading above 3360. While safe-haven demand driven by escalating trade tensions is part of the reason, such a rapid and steep rally is clearly unsustainable.
⚠️ If you enter at these levels and get trapped, trying to "hold and hope" could result in facing $100+ of price swings—a dangerous gamble for most traders.
👉 Experienced traders might manage this volatility with scalping or short-term strategies to mitigate losses or even turn a profit. ❌ But if you don’t have that level of skill, don’t chase this rally blindly.
✅ Suggested approach:
Scale into short positions gradually, or
Wait for clear topping signals before going short
Missing this rally isn’t the end—some of the best opportunities come during corrections. Profit potential remains strong on the way down.
XAUUSD A five-wave structure is nearing its final leg RSI is showing bearish divergence Volume is surging at the top — a classic sign of distribution GOLDGC1!GLDIdea: Gold: Reversal Is Near
XAUUSDGC1!MGC1! 📈 Gold has surged as expected into the 3260–3280 key short zone. We closed our long positions in time and switched to shorts, locking in early profits—congrats to everyone who followed the plan! ✅
The market is moving fast, and while bullish momentum hasn’t completely faded, be cautious—a sudden pullback could occur at any moment. Avoid chasing long positions above 3280, as risk of a reversal increases sharply at these levels.
Going forward, the focus should be on: selling at highs, taking profits on long positions near support, and managing risk with precision. 📊
XAUUSDMGC1!GOLD Yesterday, gold moved within a narrow range, as anticipated. After rising toward the 3230 level, it encountered selling pressure and pulled back, which provided us with some profitable short-term opportunities.
Currently, gold has broken above 3240 and continues to climb steadily. A conservative estimate suggests that a push toward 3250 is achievable without much resistance. However, this is a new high, and after a rapid ascent, it’s common to see profit-taking from long positions and short sellers entering the market from the sidelines. Therefore, chasing long positions at current levels carries increased risk and should be approached with caution.
Today’s Trading Recommendations:
Sell Zone: 3255 – 3270 A potential resistance zone where short positions may be considered.
Buy Zone: 3178 – 3158 Key support area for initiating long positions if the price corrects.
Range Trading Zones:
3240 – 3220
3188 – 3220 Suitable for flexible trading strategies based on real-time price action and candlestick signals.
Summary: While gold remains in an uptrend, the market is approaching a sensitive area where both selling pressure and volatility may increase. Be cautious with chasing highs, and focus on technical levels for strategic entries and exits. The potential for a short-term reversal or pullback remains if resistance holds strong.
XAUUSD GC1! GOLD 
