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Market changes? Gold plummets, hedge fund positions suddenly chaIn the early morning of the Asian market, spot gold fell sharply in the short term, and the current gold price is around $3,295/ounce, which has fallen by $52 from the intraday high of $3,336.98/ounce hit at the beginning of the session. Gold prices fell further from last week's record high as traders closed their positions due to signs that the "explosive rise" in gold prices may be too fierce and too fast. Since breaking through $3,500/ounce last week, gold prices have fallen by more than 5%. At the same time, the latest data from the Commodity Futures Trading Commission (CFTC) showed that hedge fund managers cut their net long positions in gold futures and options to the lowest level in 14 months. Quaid believes that signs of easing trade tensions may have weakened gold's safe-haven appeal. Quaid's analysis: From the perspective of the two larger cycles of daily and weekly lines, gold may fall further. On the one hand, the daily line continues to close negative on the short-term moving average, and the rebound is not strong, forming a pattern of continuous negative and single positive. The previous two times were adjusted to the 30-day moving average. If this time is calculated in this way, the bottom position is about 3165-3170, which is both the golden section and the previous high top and bottom conversion position. On the other hand, the weekly line formed a "K" line at a high level last week, which is generally a top signal, meaning that there is still a possibility of decline. And it deviates too far from the short-term moving average, and there is a need for further technical adjustments. Comprehensive analysis: This week, gold focuses on the upward resistance position of the 3370-3260 range. A strong breakthrough of 3370 will see the continuation of the bulls, and a break below 3260 will open up downward space.
OANDA:XAUUSD
by Quaid-1
1
Tariffs have not eased. How will gold trend in the future?Spot gold fell nearly 1% on Friday to close at 3316.26. Earlier this week, gold rose to a record high of 3500. After Trump's statement on tariffs eased, the market rose to 3500 and investors chose to close their long positions. The lowest gold price this week fell to around 3260. At the moment when tariffs are deadlocked, any remarks made by Trump on tariffs have not reduced the risk of the market, but increased the uncertainty of the market. Next week, the gold market will usher in the World Gold Council's first quarter "Gold Demand Trends" report. In addition, next week's gathering of Trump's 100th day in office may become an important window for gold prices to choose to test the 3500 mark again or continue to fall from 3300. This week, the international gold price as a whole showed a high and then fell, with the opening price at $3332.96, the highest price at $3499.92, the lowest price at $3260.2, and the closing price at $3316.2. After such a pattern appears, it indicates that the gold cycle will face violent fluctuations. Quide's analysis: If international news helps short selling, it is possible for gold to fall to 3100 or fall below 3000. Therefore, we should remain vigilant next week and pay close attention to the geopolitical situation and news such as tariffs, so as to make a buying or selling decision for next week. At present, the Bollinger Bands continue to close, and the short-term market continues to maintain a range consolidation until the Bollinger Bands reopen and choose a new direction. Before the upward and downward ranges are broken, the intraday short-term operation adopts the range high-altitude low-multiple operation. There is currently no international news and comments that can analyze the trading signals for next week; Quide will pay attention to news and comments that may affect the trend of the gold market at any time, so as to bring analysis and strategies to everyone at any time. Every calm analysis by Quaid is a step towards success. In the gold market, please trust Quaid's professional analysis. It can help you stand at the top of the gold trading market.
OANDA:XAUUSD
by Quaid-1
Will the gold market cool down after the easing of tariffs betweIf you want to use one word to describe the performance of the global financial market in the 2025 quarter, then in addition to the roller coaster, there is another word that will be particularly applicable: "safe haven is king". After Trump launched the tariff storm, this directly pushed the gold price to a historical high, setting the strongest quarterly performance since 1986; and the increase in tariffs led to frequent surges in gold, and after the tariffs were eased, gold also experienced a sharp correction, and this week's gold market was very lively. The price of gold is like a roller coaster ride, making countless investors love and hate it. Quaid's analysis: Gold is adjusted in the short term, and it is still bullish in the long term. In the short term, the US has a high voice for trade negotiations, the market risk appetite has rebounded, and Trump has forced the Federal Reserve to slow down. The independence of the Federal Reserve has been temporarily maintained. The short-term upward trend of gold prices may be weak, and the medium- and long-term bullish trend has not changed. The price adjustment space is also limited. In the short term, it is expected that the gold price will be mainly volatile and consolidated. Continue to pay attention to the progress of Sino-US trade negotiations and Trump's policy trends. The long-term bullish view remains unchanged; the expectation of stagflation in the United States and the increase in the probability of recession if the Federal Reserve continues not to cut interest rates are the logic of medium-term bullish gold, and the continued cycle of US dollar credit contraction is the core support for long-term bullish gold. There is no international explosive news for the weekend, and Donald Trump has not made any radical remarks for the time being. Quaid has no operational suggestions for the time being, and can only analyze based on the market trading situation this week. I hope to help everyone understand the current market situation and long-term analysis. Quaid will continue to pay attention to international news and Mr. President's remarks in order to bring you real-time market analysis and suggestions at any time.
OANDA:XAUUSD
by Quaid-1
1
Gold fluctuates at high levels, waiting for the adjustment to enGold remained under pressure during the Asian trading session and is currently trading below the $3,300 mark, with a daily decline of about 0.75%. The market sentiment on trade is generally optimistic, and trade tensions are expected to ease. However, the decline in gold consumption in Asian countries in the first quarter has become a key factor in suppressing the demand for gold, a traditional safe-haven asset. According to market research, data released by the Asian National Gold Association on Monday showed that gold consumption in the first quarter of this year fell 5.96% year-on-year to 290.492 tons. Among them, the demand for gold jewelry fell sharply by 26.85% year-on-year to 134.531 tons, while the consumption of gold bars and gold coins increased by 29.81% year-on-year to 138.018 tons. According to market research, US President Trump once again emphasized that trade negotiations are underway with Asian countries, and the market hopes for a quick easing of trade tensions. However, Trump's frequent changes in foreign remarks, coupled with continued concerns about a global economic recession, have maintained the safe-haven demand for gold. Quaid's analysis: From a technical perspective, the gold price needs to effectively fall below the $3265-3260 range in the short term before a larger correction downward can be confirmed. Once confirmed to fall below, the gold price may quickly fall to the 50% retracement level near $3225, further pointing to the $3200 mark. If $3200 is lost, it will suggest that gold may have peaked in the short term. On the contrary, if the gold price stabilizes and returns to above $3300, it may face initial resistance in the 3330-3335 area. If it breaks through this area, the short-term rebound target will point to the 3365-3370 supply area. Once this key pivot position is broken, the gold price is expected to challenge the $3400 mark again, and even further test the intermediate resistance of 3425-3430, and try to return to the historical high of $3500. Quaid's view: Although the market's concerns about trade have eased, weak gold consumption in Asian countries and the pressure of the dollar rebound are still there, which may cause gold prices to fluctuate and fall back from high levels. In the next few days, the core economic data of the United States will be the key to determining the next trend of gold. Quaid will pay special attention to changes in the Fed's policy expectations. Real-time analysis for you. The current market situation, as Quaid analyzed, can only be done in short-term scalping transactions; but always seize opportunities accurately.
OANDA:XAUUSD
by Quaid-1
Gold is trapped in the 3260-3370 box shock! 🌐 Driving factors US President Trump will be in office for 100 days in his second term. On April 27, local time, a new poll jointly conducted by ABC, The Washington Post and Ipsos Group showed that Trump's approval rating for the first 100 days in office was 39%, which was 6 percentage points lower than in February this year, and set the lowest approval rating for the first 100 days in office of all US presidents in the past 80 years. The results of the Russian-Ukrainian negotiations are not optimistic, and the geopolitical situation is tense. 📊 Commentary analysis The recent gold fluctuations are really violent and very fast. If you hesitate a little, you will basically miss the market. If you are too anxious, you will easily hit the stop loss. Now the fluctuations in a few hours are higher than the amplitude of the past month. The stop loss of 3-5 US dollars can be easily swept. The market is changing, and the corresponding stop loss should also be enlarged. 🔷 Technical side: For the current gold, the 1-hour chart card fluctuates widely between 3260-3370, and is currently at 3290 US dollars. ✔Operational suggestions, keep short-term trading: Bearish strategy: If the gold price rebounds to the range of 3350-3360 US dollars, you can try to short, with a target of 3290 US dollars and a stop loss of 3365 US dollars. Bullish strategy: If the gold price falls to the support of 3260-3270 US dollars, you can go long with a light position, with a target of 3340 US dollars and a stop loss of 3255 US dollars. 💥Risk warning Liquidity risk: The market may be bearish in early May, and price fluctuations may be amplified. Policy black swan: Trump may suddenly make tariff policies or personnel changes at the Federal Reserve, causing violent market fluctuations. Technical false breakthrough: There are a large number of stop-loss orders near 3350 US dollars, and you need to be wary of reversals after inducing more. Summary: This week, the gold market will be affected by geopolitics, Federal Reserve policies and the trend of the US dollar. The fluctuation range is expected to be between 3260 and 3370 US dollars. Investors need to pay close attention to key support and resistance levels and adjust their strategies flexibly.
OANDA:XAUUSDShort
by Labaron
1
Trump's remarks may cause a stir in gold 💲Let's comment on the price of gold next week from April 28, 2025 to May 2, 2025 🌐World situation Earlier, it was reported that China has exempted some US goods from tariffs, a development that has suppressed the safe-haven appeal of gold. But on the 25th, US President Trump told reporters on Air Force One that unless China makes substantial concessions, it will not cancel the tariffs imposed on China. Over the past week, the US has continued to send confusing and even contradictory signals on the issue of tariffs on China, and market sentiment has deteriorated. On the 26th, after a brief meeting between US President Trump and Ukrainian President Zelensky in the Vatican, both sides also sent "positive" signals. Will the Russian-Ukrainian conflict usher in a turning point? The General Staff of the Ukrainian Armed Forces reported later that day that fighting in the Kursk region was still ongoing. The Ukrainian army held its ground and used a variety of weapons to carry out effective firepower strikes on the enemy, causing losses to the Russian army. The Ukrainian General Staff stressed that the Ukrainian troops were not surrounded and that Russia's statement on the end of hostilities in the region was "purely propaganda in nature." The Ukrainian General Staff also said that fighting by the Ukrainian army in local areas of Belgorod Oblast is still ongoing. The escalation of the India-Pakistan conflict may also increase safe-haven buying of gold. 📊Comment Analysis Earlier this week, investors withdrew $1.27 billion from the SPDR Gold Shares ETF, the largest single-day outflow since 2011. At the same time, gold prices hit an all-time high above $3,500, suggesting that there may be some profit-taking factors. In 2011, similar outflows coincided with the peak of gold's last super cycle, marking the beginning of a long period of consolidation for gold, which was not broken until 2020. But this does not guarantee that this will be a turning point, and there are still many positive factors at work, including trade uncertainty, safe-haven demand, central bank demand, and Wall Street's calls for further increases in spot gold prices. Next week, the gold market will welcome the release of the World Gold Council's first quarter "Gold Demand Trends" report. In addition, US President Trump's 100th day rally on Tuesday may become an important window for gold prices to choose to test the 3,500 mark again or continue to fall from 3,300. 🔷Technical aspect: Based on the resistance and support levels of gold prices in the H4 framework, Labaron has identified the following important key areas: Resistance: $3357, $3498 Support: $3228, $3155 ✔Operational suggestions Short-term trading: Bearish strategy: If the gold price rebounds to the range of $3,330-3,350, you can try to short, with a target of $3,250 and a stop loss of $3,355. Bullish strategy: If the gold price holds the support of $3,260, you can go long with a light position, with a target of $3,330 and a stop loss of $3,240. Long-term investors: Pay attention to the Fed's policy trends and geopolitical situation. If the gold price falls back to below $3,200, consider investing in batches. 💥Risk Warning Liquidity risk: Market trading may be bearish in early May, and price fluctuations may be amplified. Policy black swan: Trump may suddenly announce tariff policies or personnel changes at the Fed, triggering violent market fluctuations. Technical false breakthrough: There are a large number of stop-loss orders near $3,350, so be wary of reversals after inducing more. Summary: Next week, the gold market will be affected by geopolitics, Fed policies and the trend of the US dollar, and the expected fluctuation range is $3,250-3,350. Investors need to pay close attention to key support and resistance levels and adjust strategies flexibly.
OANDA:XAUUSDShort
by Labaron
2
GOLD → Gold Market Forecast and AnalysisFor most of the period from 2025 to now, gold prices have risen almost continuously, hitting new all-time highs. Since October 2022, gold prices have almost doubled, rising by more than 25% in 2025 alone, reaching a new all-time high of $3,500 per ounce on April 22. The $4,000 price level, once considered untouchable, is now openly discussed in trading halls around the world. The easing of global tensions, especially between the United States and China or in Eastern Europe, could significantly reduce safe-haven demand. While this is not the base case for 2025, it is still an unexpected risk that traders must consider. In fact, gold prices have retreated from recent highs after US President Trump hinted that tariffs on China might be reduced. The sharp rise in gold prices increases the possibility of a correction. If the upward momentum slows, profit-taking could trigger a rapid and violent sell-off. As with any parabolic rise, volatility is inevitable; prices often experience a short-term downward trend before setting new all-time highs. Traders with short-term strategies should be aware of such price declines and practice risk management: avoid large trades, set stop-losses, and diversify their portfolios. Quaid wants to say: Opportunities always come to those who dare to act. Be bold in the gold market, and the next winner will be you, my friend.
OANDA:XAUUSD
by Quaid-1
Will a false breakdown in support lead to growth?The current trading range is 3275-3290. Since the opening, the price has been fluctuating in a small range. There was no news on Friday, so the price may regain its upward momentum after retesting the liquidity and support area of ​​3270-3285. Gold prices are currently stable around $3280, but the US dollar has curbed the rise of gold prices. Gold prices have held their ground after recovering, but the strengthening of the US dollar and hopes for progress in tariff war negotiations have limited further gains in gold prices… Optimism about US corporate earnings and fears of a recession are easing, supporting demand for the US dollar. However, the continued uncertainty in Sino-US relations has kept interest in gold strong. The market is waiting for new signals from the White House and the Federal Reserve, which will determine the further trend of gold prices. Focus on the support trading range. A false break of 3270 could change the balance of power, leading to a rebound or growth. No news today, except for the unpredictable situation of Trump and the tariff war in general. Any speech or tweet could shake the market. However, gold prices remain range-bound after a lackluster week. Quaid recommended: The market fluctuates sideways today. You can try short-term trading. Look at 10 points for each upward callback and perform scalping transactions in this range.
OANDA:XAUUSD
by Quaid-1
Gold’s Wednesday highs and lows will determine next moveGold continues to consolidate after retreating from the resistance zone. It has consistently followed the downtrend line and repeatedly bounced lower from this resistance level. The market recently formed a triangle pattern and broke out of it, but notably, it did not trigger a massive sell-off. Currently, price action is testing the previous day’s low. However, I think the price could retest Wednesday’s low as the price is currently trading within Wednesday’s range. This has formed a “K” pattern on the daily chart, indicating that the next decisive move will occur after a breakout of Wednesday’s low or high. Overall, I expect the sideways movement to continue into next week and keep an eye on these key levels for potential signals. My target is the resistance zone near 3355.
OANDA:XAUUSD
by Quaid-1
Gold was suddenly sold off violently. Gold price plummeted?Spot gold suddenly fell sharply during the Asian session, and the current gold price was around $3,307/ounce at the end of the session, a plunge of more than $40 on the day. Gold prices turned lower during the day as hopes of a trade deal between China and the United States weakened safe-haven assets. The positive risk tone weakened the demand for safe-haven assets. In addition, optimistic US macroeconomic data this week supported the dollar, which also hit gold prices. However, geopolitical uncertainty and bets on the Fed's rate cuts should help gold's decline. Quaid analysis: Gold prices are currently supported near the $3,300/ounce mark, which is also the 38.2% Fibonacci retracement level of gold's latest round of gains from this month's lows. On the downside: Once gold falls below the $3,300/oz mark, the next support for gold is the weekly low near the $3,260/oz area; if it falls below the above area, gold prices may accelerate their decline and fall to the 50% retracement level and eventually fall to the $3,200/oz mark. Some subsequent selling will indicate that gold has peaked and shift the short-term bias in favor of bearish traders. On the upside: Gold resistance is near the $3,368-3,370/oz area, which should now be a key level. If it breaks through the above area, gold prices may return to the $3,400/oz mark. The subsequent rise may push gold prices further up to the $3,425-3,427/oz barrier. Once this barrier is overcome, bulls may retry to overcome the psychological $3,500/oz mark.
OANDA:XAUUSD
by Quaid-1
How will gold go? Analysis of the technical outlook for gold priSpot gold is basically stable after a sharp rise in the early Asian session, and the current price of gold is around $3,325/oz. Quaid believes that gold prices may show a consolidation trend in the next few days, but we are in a bull market and any significant decline will be taken over by buyers. From a technical perspective, gold prices rose in the morning, but they are still in a range. Technical indicators changed direction and moved higher within positive levels, gaining new momentum and supporting further gains in gold prices. At the same time, gold prices continue to develop above all of its moving averages, and the bullish 20-day simple moving average is currently around $3,182/oz, well above the bullish 100-day and 200-day moving averages. The 4-hour chart shows that gold prices are consolidating easily. Gold prices continue to trade below the mildly bearish 20-period SMA, which provides dynamic resistance near $3,370/oz, but the longer-term moving averages maintain a bullish slope at a level far below the current gold price. Finally, technical indicators remain directionless within negative levels. If gold prices break through the above 20-period SMA resistance, it should open the door for a more sustainable rebound in gold prices. Quaid comprehensively analyzes important support and resistance levels: Support: $3314/oz; $3301/oz; $3288/oz Resistance: $3358/oz; $3370/oz
OANDA:XAUUSD
by Quaid-1
Gold prices staged a "roller coaster" market, and the trade war In the early Asian session, spot gold showed a trend of rising and falling. The gold price reached a high of US$3370.58/ounce and then fell back to around the 3350 mark for consolidation. After experiencing a sharp drop of nearly 3%, the gold price ushered in a strong rebound, with a single-day increase of 1.83%, and finally closed at US$3348.50. This wave of rebound was mainly driven by the weakness of the US dollar and the entry of market bottom-fishing funds. The trade deadlock fell into a "Rashomon", and the rebound of the US dollar was blocked The current gold market is caught in a fierce game of long and short factors. The Asian power issued a solemn statement, emphasizing that if the US side really wants to solve the problem, all unilateral tariffs should be canceled immediately. This statement is in sharp contrast to the "negotiation signal" recently released by the White House, making the trade outlook more confusing. Affected by this, the US dollar index fell 0.61% to 99.29, while gold received strong support from safe-haven buying. Quaid believes that the gap between the positions of the United States and China on trade issues is as huge as the Pacific Ocean, and this uncertainty will continue to affect the market trend. The US dollar rebounded but was blocked. Although Trump's attitude eased and it strengthened briefly in the early stage, it showed signs of fatigue again in the morning. At the same time, the US stock market achieved three consecutive positive days, and the S&P 500 index rose by 2.03%, with technology stocks leading the gains. Quaid's analysis: Looking forward to the later period, high-level fluctuations may become the main theme, and traders need to grasp the rhythm. The current market presents a pattern: First, the uncertainty of the trade war. If the US insists on imposing new tariffs, the gold price may hit the $3,500 mark again; second, the suspense of the Fed's policy. Whether the May meeting will release a signal of interest rate cuts will become a key turning point; finally, the trend of the US dollar. If subsequent economic data continues to deteriorate, the US dollar index may fall below the 99 integer mark. Market operation strategies: Go long on a pullback of 3335, stop loss at 3330, look at 3380 Go short after rebounding at 3380, stop loss at 3390, and look at 3330
OANDA:XAUUSD
by Quaid-1
1
Gold pullback time, resistance rejection? How does it go.The market bounced off the resistance and declined, with a correction of about -6% after the previous bullish momentum. The price action formed a gap, which was later filled. It is worth noting that this pullback movement is similar to a similar pattern observed earlier this month, when the market also pulled back by -6.6%. Currently, the price is testing the area of ​​the previous week's high, which may constitute a support area. After such a rapid decline, the price usually enters a consolidation phase - we may see a period of sideways trading around 3300. However, if a rejection candle is formed at the current level, I expect the price to move higher and retest the recent resistance area. My target is the resistance area around 3500. The market has rebounded strongly from the support level that I highlighted yesterday. The price is likely to trade sideways above the channel border and the support level of 3300. After the consolidation, the price may resume the upward trajectory. As I mentioned earlier, the market experienced a 6.83% correction, after which we may see a continuation of the bullish trend. As long as the price remains above the support level, the market is likely to continue to move higher. If the support level is lost, the market may fall and form a second round of bearish movement, eventually pointing to the support level of 3200 points. However, I expect the price to move higher and retest at least the 50% bearish retracement. My target is the resistance level near 3400 points. Quaid is working hard to provide brothers with analysis and suggestions based on international and market trends. I hope you can see Quaid's efforts.
OANDA:XAUUSD
by Quaid-1
XAU/USD Gold Trade Plan 24/4/2025XAUUSD (Gold) Trading Outlook: Buy Entry: $3,325 Key Support Zones: $3,260 and $3,200 Market Scenarios: Bullish Scenario: If XAUUSD sustains above the $3,260–$3,200 support zone, the bullish structure remains intact. A rebound from this zone may offer a buying opportunity with an upside target of $3,500. Bearish Scenario: If the price breaks below the $3,200 support level and falls through the channel, it may signal a bearish trend continuation, suggesting potential downside movement.
OANDA:XAUUSDLong
by XAUUSD-Trade-ideas
5
Is gold about to peak? Is the bull market still there?In fact, it is normal for a strong bull market to have a rapid washout. The logic of the bull market is not Trump's call to Powell. Trump's tricky operation is only a plus for the rise of gold, not a must. The logic of the rise of gold is that the repayment ability of US debt is questioned and the hegemony of the US dollar is challenged. The fact of the long-term fiscal deficit of the United States and the visible growth of US debt are the real driving forces. As the International Labor Day is approaching, the bulls in the Asian market often choose to leave or reduce their positions in order to reduce warehouse interest and realize profits, which will cause a phased downward adjustment. In other words, from the perspective of the future, the underlying logic of the bull market has not changed. Holders of physical gold do not need to worry too much. They are optimistic about the strong bull market of gold in the future. The decline is often an opportunity to get on the train again. In the past, they waited for adjustments, and after adjustments, they were afraid that the bull would be gone, which made them worried about gains and losses. Technical analysis: The current gold price is in a stalemate stage of long-short game. On the one hand, the path of the Fed's easing policy has been basically clear, and the US dollar is facing correction pressure; on the other hand, the stable global risk sentiment and the strong performance of the stock market have weakened the attractiveness of gold as a safe-haven tool. The repeated signals of global trade negotiations have also made the market direction unclear. From a technical point of view, gold has received support after the correction to the 26.3% Fibonacci retracement level near 3317 this week, and has returned to above $3,300 in the short term. The upper resistance focuses on the position of 3360. Once it breaks through, it will open up the space leading to the 3400 mark. Quide Strategy Analysis: After the early Asian market rose, it fell back and fell below the support levels of 3351 and 3330 analysis. Now the market rebounded near 3325, which is also in line with the trend of pulling back and forth. In the big trend, the gold rally did not exceed 3380, so there is still downward demand, that is to say, it can only be regarded as a rebound on the way down. In the short term, this wave of gains stopped at 3367. Now it broke through 3351 and pierced 3316 to rebound. The main focus on the upper side is the support-to-resistance level of 3350. With 3350 as the protection, go short to see the gold price break through 3314. If it breaks down effectively, it can move down to see the turning point of the rebound between 3283 and 3260. On the whole, in terms of the short-term operation strategy of gold, Quide recommends rebound shorting as the main strategy and callback longing as the auxiliary strategy. The upper short-term focus is on the 3360-3370 line of resistance, and the lower short-term focus is on the 3310-3300 line of support. Market trading signals are fleeting. Market trading signals are fleeting, and Quaid hopes that traders will seize every trading opportunity and become ace traders in the gold market.
OANDA:XAUUSD
by Quaid-1
GOLD → Holdings are still insufficient, and there is still potenThe gold market has pulled back sharply one day after hitting an intraday record high of more than $3,500 an ounce. But Quaid believes that the gold rally is far from over as gold is severely under-owned and still cheap by some indicators. Investors may see some short-term volatility as gold's parabolic move above $3,400 an ounce has made it "overbought at certain technical levels." However, overall, gold is still widely ignored by investors. This could be a good technical target for gold. Comparing historical gold prices to the cost curve, the ratio shows that we can go further. Although the opportunity cost of holding gold will remain high, gold remains an important safe-haven asset. While a large number of investors continue to ignore gold, there is one group in the market that is buying as much of the precious metal as possible, and that is central banks. Central banks will continue to buy gold as they question the reliability of the United States as a trading partner. The dollar is still weakening despite the selling of long-term U.S. bonds. This shouldn't happen, so there are definitely signs that not all US Treasuries are traditional safe-haven assets, and gold will benefit from this. I hope this comprehensive analysis by Quaid can help all traders. If you have other ideas, please leave a message to Quaid and we will discuss its trend together.
OANDA:XAUUSD
by Quaid-1
How is gold going? What to do now?After reaching the psychological high of $3500, it entered a correction phase, which was also affected by the slight easing of the US-China tariff conflict... After failing to hit the 3250 area of ​​concern, gold prices will be slightly stronger. Meanwhile, the market is looking forward to the US PMI data. Earlier, gold prices hit an all-time high of $3500, but fell back on hopes of a easing of the US-China trade war and the US Treasury Secretary's remarks about a possible "detente". The dollar recovered in the correction, but investors doubted Trump's predictability and gold prices began to pull back at this time. The focus is on the S&P Global PMI index: the results of this index may affect expectations for the federal funds rate and bring a new direction to the market. From a technical point of view, gold prices are in a correction and confirm the bearish structure. But any unexpected remarks from Trump may attract a lot of buying. Quaid data analysis: Upward resistance: 3340, 3360 Downward support: 3280, 3250 Quid believes that buying can be considered when retesting the support level or closing above 3370. Traders, do you agree with Quaid's idea? Please leave your thoughts. I'll be happy that way.
OANDA:XAUUSD
by Quaid-1
Gold falls from highs, medium-term bullish structure remains uncSpot gold prices continue to fall, extending the correction of the psychological level of $3,500. At the same time, senior Trump administration officials hinted that they are "paving the way" for a trade agreement with Asian powers, further boosting investors' confidence in the global economic outlook, thereby weakening demand for safe-haven gold. Fed policy expectations still support gold's downward space. Despite improved risk sentiment, the market still expects the Fed to launch a new round of interest rate cuts in June, with three rate cuts expected throughout the year, which makes gold's medium-term trend still optimistic. At present, weak US economic data and the president's erratic trade policy have further suppressed investors' confidence in US dollar assets. Quaid believes that the market's expectations for the Fed's interest rate cuts have supported the structural upward trend of gold, even if it faces a technical correction in the short term. Technical aspects show that gold may adjust in the short term, but the support below is strong. Quaid's analysis: The current adjustment pressure faced by gold comes more from short-term market sentiment repair and technical profit-taking, but the medium- and long-term fundamentals are still strong. The Fed's interest rate cut expectations have not changed, the US dollar has a clear medium-term weakening trend, and geopolitical factors are still highly uncertain. Gold is still in a bull-dominated pattern overall. Operation strategy: 3325 long, stop loss 3315, take profit 3350. If it stops rising at 3350, traders can flip the operation strategy and short at this position.
OANDA:XAUUSDLong
by Quaid-1
1
Gold price plunged nearly $200. The signal of cooling down the tIn the early Asian session on Wednesday, spot gold opened nearly $40 lower and hit $3,313.51 per ounce, down nearly $200 from the historical high of 3,500 hit on Tuesday. Because U.S. Treasury Secretary Benson hinted that international trade tensions would ease, which stimulated optimism in the stock market and boosted the dollar to a near one-week high; spot gold closed down 1.2% on Tuesday, closing at $3,380.95 per ounce. Bob Haberkorn, senior market strategist at RJO Futures, said: The latest remarks suggest that the trade war with the Asian giant may ease, but this is the time to start selling. After Benson said that the tariff deadlock was unsustainable, the U.S. stock market rose by more than 2%, suppressing the safe-haven buying demand for gold, and the rebound of the U.S. dollar also suppressed the price of gold. Quaid believes that its roller coaster trend is still continuing. I hope traders will pay attention to the speeches of several Fed officials later this week, hoping to find clues to future monetary policy at a time when people are worried about the independence of the Fed. And I will analyze it for you as soon as possible and give you reasonable suggestions. Current strategy: Relative to the market situation: as long as the price can continue to rise, it means that the current situation is just a volatile market, not a peak retracement, which is also a feature of the volatile trend; at the same time, the current market is not extremely strong after a sharp drop, and it is still in a volatile rise; therefore, do not go long, but go long after the retracement support.
OANDA:XAUUSD
by Quaid-1
Gold Weekly Outlook: Strong Upward Trend, Continue to Go LongThere is no analysis to be made on gold at present, basically all longs are made, this bull market has to be said to be too crazy. Since gold started to rise from the low point of 2956, except for two normal adjustments in the middle, the price of gold has maintained a strong upward trend relying on the MA5 moving average for most of the time. This trend characteristic shows that in a shorter period, the MA5 moving average has become an important support line for the rise in gold prices. As long as the price runs above the MA5 moving average, the bulls will dominate. At present, 3500 is about to arrive in a flash, it is just a matter of time. The current market depends on everyone's courage. If you go in with a long order, you will definitely make a profit, and it is very easy, with basically no callback. And any callback is an opportunity. In terms of operation, you can continue to go long relying on the short-term moving average MA5. Just like the analysis in Quaid's previous article, you can boldly believe that it can reach the new height you think. Believe in Quaid, believe in yourself, brother, you can do it. I am Quaid. After seeing my analysis strategy, no matter your past gains and losses, I hope that you can achieve an investment breakthrough with my help and turn every tide in the gold market into our wealth wave.
OANDA:XAUUSDLong
by Quaid-1
1
Trump's high tariff policy triggers risk aversion, gold price apGold prices maintained a strong upward trend during the Asian trading session, approaching the integer mark of $3,400 during the session, setting a record high. The main driving force is the market's growing concerns about US President Trump's latest tariff policy. Trump recently announced that tariffs of up to 145% would be imposed on goods from some Asian countries, and some categories even reached 245%. According to market surveys, Asian countries also immediately imposed tariffs of up to 125% on US products, triggering concerns about the risk of a global economic downturn. The current policy and trade uncertainties will continue to support the buying enthusiasm of non-yielding assets such as gold. Despite the strong bull market, the technical side shows that gold is already in an overbought state, and the daily RSI index exceeds 70, indicating that there may be an adjustment or consolidation trend in the short term. If there is a pullback, the support levels are $3,350, $3,328 and $3,300, respectively, and the key support is in the $3,284 area. Next focus of the market This week, the market will focus on the upcoming global PMI preliminary data, which will provide further guidance on the health of the global economy. At the same time, the speech of Chicago Fed President Goolsbee may also have a certain impact on the trend of the US dollar. Judging from the current multiple factors, the price of gold is still strong in the short term due to the support of risk aversion. However, the overbought signs on the technical side cannot be ignored, and the short-term adjustment will provide a more stable foundation for the medium-term rise. Quide's operation suggestion: 3380 long, stop loss 3270, take profit above 3400. I am Quaid. Seeing my analysis strategy, no matter the past gains and losses, I hope you can achieve investment breakthroughs with my help and turn every tide of the gold market into our wealth wave.
OANDA:XAUUSDLong
by Quaid-1
1