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Gold prices have risen strongly in 2025 and continue to hit new highs. It is worth noting that gold prices have risen by more than 25% so far this year, but have recently retreated as the latest US non-farm payrolls report showed continued strength in the labor market. At the same time, the rebound in gold prices in 2025 was largely driven by uncertainty over Sino-US trade tensions and broader geopolitical risks, which led to sharp stock market fluctuations.
However, a call between the leaders of China and the United States last Friday eased concerns about the trade war, causing gold prices to extend their decline. Although underlying concerns remain, the call briefly calmed investors' nerves.
Views on today's gold trend
The European session continued to retreat and the lowest price reached 3293, then slowly strengthened. The current highest price reached 3328, which is still a little short of our expected highest price of 3330. Therefore, today's strategy does not need to be changed for the time being. If the current market price reaches 3330-35 again, short orders can still be entered. The current trend is still weak, and there is a high probability that it will fall for the second time. Therefore, the current idea of shorting on pullback remains unchanged for the time being.
Gold: short at 3330-3335 on rebound, defend above 40, and target 3290-3280
Gold prices have risen strongly in 2025 and continue to hit new highs. It is worth noting that gold prices have risen by more than 25% so far this year, but have recently retreated as the latest US non-farm payrolls report showed continued strength in the labor market. At the same time, the rebound in gold prices in 2025 was largely driven by uncertainty over Sino-US trade tensions and broader geopolitical risks, which led to sharp stock market fluctuations.
However, a call between the leaders of China and the United States last Friday eased concerns about the trade war, causing gold prices to extend their decline. Although underlying concerns remain, the call briefly calmed investors' nerves.
Views on today's gold trend
The European session continued to retreat and the lowest price reached 3293, then slowly strengthened. The current highest price reached 3328, which is still a little short of our expected highest price of 3330. Therefore, today's strategy does not need to be changed for the time being. If the current market price reaches 3330-35 again, short orders can still be entered. The current trend is still weak, and there is a high probability that it will fall for the second time. Therefore, the current idea of shorting on pullback remains unchanged for the time being.
Gold: short at 3330-3335 on rebound, defend above 40, and target 3290-3280
Trade active
It is recommended to short around 3330-3335 and then wait for the target position to be reached.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.