A Textbook Wedge Breakdown: Has Gold's Long-Term Trend Finally Flipped Bearish? [Weekly XAU/USD Analysis + Forecast + Trading Playbook]
Hello, fellow traders!
Gold came out strong early in the week, blasting through $3,300 and nearly hitting $3,400. Weak ISM data gave bulls a boost — but that momentum didn’t last. A stronger-than-expected Non-Farm Payrolls report on Friday sent the dollar and yields flying — and Gold tumbling.
Despite the sell-off, Gold managed to hold key psychological and technical support near $3,300. This ability to stay afloat in the face of a rising U.S. dollar and spiking Treasury yields signals that macro undercurrents remain supportive.
🔥 In this week’s premium market breakdown:
Interpret hidden TA signals before they hit the headlines: Pro breakdown of charts with key price action, structure, and warning signals.
Exact price zones to act on: Get clear entries, exits, and invalidation zones, so you can trade with structure.
Trade setups that deliver: High-probability scalping and swing trade ideas with clear take-profit and stop-loss levels.
Global macro gist: Spot which headlines matter for Gold, and which are just noise and understand how real-world policy is shaping the charts.
Sentiment shifts: Decode what the biggest traders in the world are doing right now and how their moves will shape next week’s volatility.
Intermarket intelligence: See how Gold is stacking up against Bitcoin, crude oil, equities, and global yields - understand correlations, breakouts, and capital rotations.
📊 Let’s look at the technical data
📅 Current Price: 3,309.98
Long-term sentiment: 🔴 bearish
Gold is within A-B-C correction + broken down from a Rising Wedge.
Price just below shorter-term EMAs (the 20 and 50-day) + under the VWAP bands.
Gold Spotter confirms weakness ahead → the "Pegged" (green) and "Exotics" (red) lines are nose-diving.
Stochastic not yet in oversold territory. While the initial drop has occurred, there's still plenty of room for the price to fall.
Next major lines of defense for bulls:
EMA 100 (~3,238)
EMA 200 (~3,104)
To invalidate this overwhelmingly bearish setup, bulls must reclaim
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