Get started

Goldinvesting

Gold opens up callback space as expectedGold finally broke through the rhythm of continuous fluctuations in the morning and ushered in a relatively large correction. After the cyclical retracement in the morning, a bottom-breaking market was formed. Generally, for a direct decline in the Asian session, we will put the watershed at the opening price, which is the current high point of 3290! But it is not very meaningful to look at this position now. According to the recent rhythm of Asian session decline, weak European session, and rebound in the US session. We can look at the second decline in the European session rebound. But we should be more cautious in the US session. Especially in the second half of the US session, Intraday short-term pressure: 3266-70 top and bottom conversion position below: hourly double bottom around 3211-3195 "Observe whether there is a key area for the signal of stopping the decline"
TVC:GOLDShort
by AIan_Gold
1
Gold suddenly rose. Be wary of gold’s retracement?The ADP report released in the morning said that the pace of hiring slowed sharply in April as companies prepared to deal with the possible impact of US President Trump's tariffs on US trading partners. This month, the number of new jobs in the US private sector was only 62,000, the smallest increase since July 2024, significantly lower than the expectation of 115,000, and slower than the 147,000 increase after the downward revision in March. After the data was released, spot gold rose in the short term and once touched around $3,320. Gold fell to a low of 3,266 in the morning. With the release of ADP data, it was another short-term rise of $50-60. Many traders may not know where to start with the current gold market and think it is still in the process of rectification. Of course, it is definitely not wrong to look at it this way, after all, gold is still in the process of rectification. However, traders should be alert that some Asian countries have entered a trading suspension state starting today, and it will last for about 5 days. The price of gold may fall during this period. Quaid's analysis: Gold rose to around 3320 in the morning, but failed to break through the upward resistance level of 3325. And 3320 is the 618 position of the trend Fibonacci from 3352 to the low point of 3266. If 3320 is the current high point of wave B, then 3352 is point A. Then point C is likely to appear around 3230. Therefore, Quide believes that gold is likely to break down. Operation suggestions: Short at 3305-2210, stop loss at 3317, and take profit at 3250-3230. Thank you for reading. If traders can leave your different suggestions, Quide will be very grateful to you.
OANDA:XAUUSDShort
by Quaid-1
1
Gold is forming a head and shoulders pattern!Analysis and interpretation: Gold prices have been on a strong upward trend since the beginning of 2025. The daily chart shows that gold prices have climbed from around $2,600 to around the $3,500 mark. Recently, gold prices have formed a consolidation trend in the range of $3,260 to $3,380, indicating that the bulls and bears are fighting fiercely here. It can be seen from the K-line chart that gold prices fell back after hitting a record high of $3,499.83 in April, but then gained support and rebounded at $3,260. The Bollinger Band indicator shows that the upper track is at $3,465.75, the middle track is at $3,191.92, and the lower track is $2,918.08. The current price is running between the upper and middle tracks, indicating that the medium-term upward trend is still maintained. Although the gold price may fluctuate in the range of $3,260 to $3,380 in the short term, the overall upward trend has not changed. The MACD indicator shows that DIFF is 81.35, DEA is 84.74, and the MACD value is -6.80. The histogram shows a shrinking state, indicating that the upward momentum has weakened, but no obvious short signal has been formed. The RSI indicator is around 58.81, which is in the neutral to strong area, and has not reached the overbought or oversold level, and there is still room for growth.
TVC:GOLD
by AIan_Gold
1
XAU/USD(20250430) Today's AnalysisMarket news: The European Central Bank expects prices to rise 2.9% over the next 12 months, up from 2.6% in February, according to a monthly survey released on Tuesday. This is the highest level since April 2024. The three-year indicator rose slightly to 2.5%. The ECB's first five-year forecast was 2.1%. Technical analysis: Today's buying and selling boundaries: 3321 Support and resistance levels 3370 3352 3340 3303 3291 3273 Trading strategy: If the price breaks through 3321, consider buying, the first target price is 3340 If the price breaks through 3303, consider selling, the first target price is 3291
OANDA:XAUUSDShort
by Toml1314
Gold falls as expected, awaiting guidance from ADPGold continued to fluctuate in 1 hour. Now, the gold fluctuation is most likely a relay of decline. Gold rebounds and continues to be short. The gold 1-hour moving average gradually begins to stick together, but it is still diverging downward. If it continues to cross downward to form a dead cross, then there is still room for gold shorts to fall. Gold hit a high twice and was suppressed by the 3330 line. Today, gold continued to be short at highs under the pressure of 3330. Gold bulls continue to rebound every time. Now gold bulls obviously have no confidence in further rise, so gold shorts take the opportunity to exert their strength. Gold is still the home of shorts, and gold rebounds and continues to be short. US trading operation ideas: Gold 3320 short, stop loss 3330, target 3300-3290;
TVC:GOLDShort
by AIan_Gold
The gold market fluctuated sideways. Waiting for a new trend?OANDA:XAUUSD During the Asian trading session, gold prices maintained a slight decline; in the early European trading, gold began to fall sharply, but it was still within the trend range expected by Quaid. Today, the initial value of the US real GDP in the first quarter of 2025 will be released, and it is expected to grow by 0.3% at an annualized quarterly rate, after a strong growth of 2.4% in the fourth quarter of 2024. If the world's largest economy unexpectedly shrinks, it will re-ignite bets on a sharp interest rate cut by the Federal Reserve. And this data will boost the upward trend of gold. On the other hand, if the cooling of US economic growth is less than expected, it may bring a short-term relief to the overall market and the US dollar, which will continue to put gold under corrective downward pressure. However, traders will remain cautious before the release of US ADP employment data this week; this data will limit the reaction of gold prices to GDP data. US non-farm payrolls will help the market assess whether US tariffs have had a substantial impact on the labor market. Current trend analysis: The daily line closed negative, and it is still bearish today. At the same time, yesterday's decline encountered 3300 support. In this pattern, regardless of today's strength, short once and see how the European session trends. If the European session falls, short the US session; if the European session rises strongly, the US session may remain volatile. If the European session breaks the downward channel, the US session may continue to fall. Hi guys, if you want a solid trade, please wait for the US GDP data this morning. Quaid conducts gold trading after professional analysis.
OANDA:XAUUSD
by Quaid-1
Gold maintains a volatile range, pay attention to subsequent breOn Tuesday, the gold price generally showed a downward trend. The highest price rose to 3348.45 on the day, and the lowest price fell to 3299.49, closing at 3316.95. On Tuesday, gold was under pressure during the early trading session, and then the price continued to fluctuate during the European and US trading sessions. Overall, the price is still running within the fluctuation range, but once the daily support is broken, it is expected to break the lower edge of the range. From the multi-cycle analysis, first observe the monthly rhythm. The price rose for three months before and then a single-month correction occurred. Recently, it has risen for four months and then a single-month correction occurred. Therefore, according to the rhythm, April is generally bullish, but for May, we must pay attention to market risks. From the weekly level, the gold price is supported by the support level of the 3040 area. So from the perspective of the mid-line, we can continue to maintain a bullish view. From the daily level, the current price is supported by the 3004 area support. This position is the key watershed of the band trend. The market will further break down in the future, so it will be focused on in the future. At the same time, for the short-term four-hour price, it has been fluctuating up and down at the four-hour key position recently. Pay attention to the resistance of 3387 and 3370 on the top, and the 3260 area on the bottom. Before the data, the market as a whole tends to fluctuate temporarily. After breaking through the daily support, pay attention to the performance of breaking down the lower edge of the range.
TVC:GOLDShort
by AIan_Gold
1
Shorting opportunities are coming near 3330 in the US market! 📌 Driving events Because the easing of US-China trade tensions has weakened gold's safe-haven appeal, while investors are waiting for US economic data to assess the Fed's policy direction. Gold has been in a range recently as the market now waits for details of the first trade agreement, which is expected to be announced this week or next week. 📊Comment analysis Gold reached a turning point last week, with Trump making some very positive comments, while stagflation risks continued to be excluded, and gold continued to fall. Stagflation pricing has driven gold prices higher, and as the market begins to exclude this risk, it is normal for a correction to occur, especially considering that "long gold" has become one of the most crowded trades. 💰Strategy Package Short position: Actively participate around 3330 points, profit target around 3300 points ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
Gold's shock trend and interpretation of US market thinkingGold continues to fluctuate, we continue to look down in the European session, try long orders near 82; 2025-4-29 Tuesday Gold Asia-Europe long and short strategies The market is always changing, the only constant is the existence of risks. Keeping the principal is always the first principle. ◆Short order◆ Aggressive: short near 3356, stop loss 7 points, short at 62-68 after breaking, Stop loss: stop loss 7 points each, or unified stop loss 77. Target: 3286-69-54-42, continue to reduce holdings after breaking ◆Long order◆ Aggressive: long at 82, stop loss 7 points, long at 75-70 after breaking, Stop loss: stop loss 7 points each, or unified stop loss 62. Target: 98-06-12, continue to reduce holdings after breaking; Steady: 66 long, stop loss 7 points, 58-52 long after breaking, Stop loss: 7 points for each stop loss, or a unified stop loss of 42. Target: 98-06-12, continue to reduce holdings if the position breaks; 【Today's long orders must be promptly protected after profit, and the next position will be entered after the principal is protected】 Stop loss is determined according to your actual tolerance. Protect in time after profit, and enter the next position after protection】 ★ Pattern analysis and attention: Daily strategy ideas: Asia and Europe, our current price 06 long orders are also given to around 22 as expected. We are still bearish if the resistance is not broken, and try 82 long orders 【Reference: Russia-Ukraine peace talks, US-Japan tariff negotiations】 【Data: wholesale inventory rate, consumer confidence index, job vacancies】 ☆ There is a delay in posting, and the final operation is based on real-time strategy and current price orders. Please continue to pay attention; ☆ Strategy orders are divided into warehouses, and the total position shall not exceed 20%;
TVC:GOLDLong
by AIan_Gold
1
Don’t be afraid of pullbacks, we can still go long on goldFundamentals: 1. First, pay attention to the dynamics of Trump and the Federal Reserve; 2. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran. Technical aspects: Compared with yesterday, although the bullish momentum is weak, it has not fallen below the support of the 3005-2995 area, and even failed to fall below 3000. In addition, as gold fluctuates and falls, there is a large amount of buying funds entering the market in the short term. In the recent short-term structure, gold has built a very obvious turning point near the 3300 area. Therefore, gold may still rebound to above 3330 before NFP. Short-term trading strategy: You can still consider continuing to go long on gold in the 3310-3300 area, TP: 3325-3335
OANDA:XAUUSDLong
by Steffen_Schade
Gold is still volatile, buy at 3298-3305 in the US market 📊Comment analysis Gold prices need economic news to break through the sideways price range of around 3300. Today, continue to wait and see around 3310, waiting for the right time to enter the market in time. 💰Strategy package Long positions: 💲Actively participate in gold around 3298-3305 points, with a profit target around 3320 points Short positions: 💲Actively participate in gold around 3320-3330 points, with a profit target around 3303 points 💢Precise sniping, follow the trading strategy = easy money
OANDA:XAUUSDShort
by Labaron
Gold moves sideways ahead of US GDP news. What's next?OANDA:XAUUSD Optimism about US trade talks with major partners boosted risk appetite and supported the dollar. The US Treasury released a report that talks with India made good progress, while President Trump softened his rhetoric on China, which also boosted the dollar. Meanwhile, traders are on the sidelines ahead of the release of US first quarter GDP data. If the data is weak, gold as a safe haven asset may rise sharply. Therefore, the gold market remains sensitive to trade news and macro data, especially in the context of market rebalancing at the end of April. Currently, as part of the current momentum and correction, Quaid expects gold prices to rise from the 0.5-0.7 Fibonacci area. Gold prices may test 3325-3330 in the consolidation range and then resume the correction. Resistance: 3325, 3350, 3370 Support: 3290, 3270 Traders please wait for the resolution of the tariff dispute and the economic data to be released tomorrow. However, during price consolidation, Quaid expects the price to bounce off the support levels. If the price continues to squeeze towards any boundary, giving priority to the support level, the possibility of breaking out of the consolidation bottom may increase.
OANDA:XAUUSD
by Quaid-1
Risk aversion eases, gold continues to fluctuateSpot gold prices (XAU/USD) fluctuated and fell, approaching the $3,300 mark, continuing the weak trend of the previous trading day. From the daily chart, gold prices have fallen from their historical highs and are currently approaching the 38.2% Fibonacci retracement level (US$3,300-3,290). The key support level below is concentrated in the $3,265-3,260 range, which is also the previous consolidation range. If it falls below, it will open up the space for a 50% retracement level (US$3,225) or even $3,200. In terms of technical indicators, the MACD indicator shows signs of a dead cross, and the green kinetic energy column expands moderately, indicating that short-term bears still have the initiative; the RSI indicator is still oscillating near the 50 axis, and has not yet shown extreme oversold, indicating that the downside space may be limited. Once the price rebounds, the initial resistance above is seen at $3,348-3,353. After the breakthrough, it is expected to re-challenge the $3,400 mark, and even attack $3,425-3,427. If the US PCE inflation and non-farm data weaken this week, it will further support the re-entry of gold bulls.
TVC:GOLD
by AIan_Gold
1
Gold is long, bottoming out during the day and rising We can never predict what will happen at the crossroads of fate, but we can choose whether to give up or move forward with pain and run towards the end of our dreams. Even if there is no medal of victory, dignity and pride will accompany us all the way. Defeating opponents is only the winner of life; defeating yourself is the strong man of destiny! After the gold gap opened high, it began to fall back quickly to around 3267. After a small rebound in the European session, it continued to retreat. The US session had a sideways correction before, and the US session started a large-scale pull-up, which continued to around 3353 and closed in the form of a small positive line with a long lower lead. After opening during the day, it continued to fall, and the current lowest reached around 3308. At present, the long and short positions are still fluctuating in a large range. The upper key pressure and the upper edge of the range are maintained at around 3370, while the lower edge and support of the large range below are maintained at around 3260. It is very likely that there will be multiple shocks and choices in this range again. At present, the multi-hour line is expected to form a sideways trend. After finishing, the daily line will fight at the short-term moving average position. The short-term moving average is also between the strength of long and short positions. Today's retracement needs further confirmation from the European session. If the European session continues to be weak, it is still necessary to pull back and short before the US session. The short-term support below is maintained near the integer level of 3300. If gold pulls back to 3310 during the day, it can be long first, with a target of 3330-50 and a loss of 3295. If the European session continues to break down, the US session will pull back below 3300 and short, with a target of 3270-60 and a loss of 3308. There will be large fluctuations in the short term, so be cautious about sweeping back and forth between long and short positions! Today's operation: Gold will pull back to 3310 during the day and go long, with a target of 3330-50 and a loss of 3295. Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
FXOPEN:XAUUSDLong
by Yuliya1l11
Interpretation of the short-term operation ideas of shopping4-hour trend will not hit the high point within this 4-hour period, so currently we can focus on the morning high point and yesterday's high point 3348-3353. Currently we can focus on the support near 3316. First point: After the 4-hour high closed with a small positive column yesterday, a big negative column fell in the morning, indicating that the price will continue to bottom out in the short term. Therefore, we can arrange short orders below yesterday's high point 3353-3348 in the white session, so 3340-44 is the best shorting point. Second point: Because the price rose to 3336 after yesterday's high of 3302 and only retreated to 3319, the support of 3316-17 still exists. The point we focus on in the Asian and European sessions is when 3316-17 will break. Third point: In the event of an accident, the price directly pulls back and breaks the high point, then the next short position is 3370-72; I think this probability is small. Then if it breaks 3315-16, we need to find a low position to go long. Then 3300-3288 and 3273 in yesterday's Asian and European sessions are the long positions. We can use small stop losses to bet on long positions. Strategy: Short at 3340-44 during the Asian session, defend at 3353, target at 3330-3320, break at 3315 and target at 3300-3290 Short at 3370-72, defend at 3378, target at 3350 After breaking 3315, short at 3300-328-3276 with a small stop loss of 5-6 US dollars, target at 3305-3350-70
TVC:GOLDLong
by AIan_Gold
Gold fluctuates within a wide range, and may stop falling as it On Tuesday, gold trading relied on the 3310 support level to directly go long, and the near-point pressure area of ​​3360/80 was bullish. The long logic of gold as a "safe haven trump card" is beyond doubt. The small cycle adjustment is only the accumulation stage. Once it starts to explode, it will be unstoppable. Recently, when gold touched 3500 again, there was a market view of "suspected top". It is recommended that all investors maintain their composure-the short-term adjustment is insignificant compared to the entire rising cycle. This time, the price retreated from 3500 and corrected by about US$240, which is still within a reasonable range relative to the previous increase. It is emphasized again that it is not recommended for investors to be bearish on gold in the long term, or to subjectively determine that 3500 has become the top. Such psychology is prone to trading deviations and even breeds a dangerous mentality of short orders to bear losses, which is the root cause of long-term losses. In the early trading of the day, a 3310 long strategy has been deployed, and it is suggested that 3315 can be entered into the long position during the trading session. The current position is in market fluctuations. The current uptrend will first focus on the recovery of the 3340/45 line, and the opening price pressure level should be paid special attention to, especially during the Asian and European sessions. If the Asian and European sessions maintain a shock correction pattern, the support level will continue to be relied on for game play; if the uptrend effectively breaks through 3340/45 and stabilizes, the handover period between the European and American sessions is expected to explode to the 3380 line, or even challenge a higher price range.
TVC:GOLDLong
by AIan_Gold
1
Gold is stuck in the 3300 area, when can it break through? 📊Comment Analysis Gold prices need economic news to break through the sideways price range around 3300. Today, we will continue to wait and see around 3300, waiting for the right time to enter the market. 💰Strategy Package Long positions: 💲Actively participate in gold around 3300-3310 points, with a profit target around 3330 points Short positions: 💲Actively participate in gold around 3330-3340 points, with a profit target around 3310 points 💢Precise sniping, follow the trading strategy = lying down and making money
OANDA:XAUUSDShort
by Labaron
4
Gold's counterattack? Today's market analysisGold has repeatedly tested the 3260-3270 area to gain support. Gold has formed multiple bottom structures in the short term, so the short-term adjustment of gold may end. Gold has formed multiple bottom structures in the 1-hour, and the 1-hour moving average has also begun to gradually turn. If it can turn upward and form a golden cross, then the 1-hour bulls of gold will exert their strength again. Stimulated by risk aversion, gold in the U.S. market once again broke through and rose, and finally broke through Monday's high. Then the first-line suppression of gold near 3335 did not form effective resistance. When gold fell back in the Asian market, we first followed the trend and went long. Gold quickly bottomed out at 3320 first-line support in early trading and then rebounded quickly. Then gold should only be operated in the short term or go long on dips. Operation ideas: Short-term long: 3310-3315 long, stop loss 3300, target 3350-3370; Short-term short: 3350-3360 short, stop loss 3365, target, 3315-3310; Friends, don’t be afraid of missing the market, wait patiently for your own opportunity, the market will never neglect those who are prepared.
OANDA:XAUUSD
by Quaid-1
1
Be bold and short goldFundamentals: 1. Still need to pay attention to Trump's attitude towards tariffs; 2. Pay attention to whether the situation between India and Pakistan escalates; 3. At the same time, pay attention to the dynamics of the Federal Reserve, US-Iran negotiations, etc. Trading situation: Our last short position near 3297 happened to hit TP: 3287 during the decline of gold, and easily made a profit of 100pips in short-term trading; After gold fell below 3287, it rose sharply in the short term to around 3335. Although gold rose sharply in the short term, it still did not break away from the wide range of fluctuations. There are still many resistances above. First, it faces the short-term resistance area of ​​3340-3345, and secondly, it faces the resistance area of ​​3355-3365. Therefore, it is difficult for bulls to perform well before conquering this resistance area. There is still a possibility of testing the 3305-3295 zone again; Trading strategy: Short-term trading can still short gold in batches again in the 3325-3335 zone; TP: 3310-3300
OANDA:XAUUSDShort
by Steffen_Schade
Gold is trying to break through the upward channelGold started the new week on a bad note, hitting a low of 3260 in the morning, followed by a small shock adjustment; then it began to rise sharply. As of press time, it has risen to around 3350 and tried to break through the upward resistance. Although some of gold's safe-haven appeal has weakened, its overall forecast and price trend remain optimistic. Until we see clear lower highs, lower lows, and a solid trade agreement rather than more political bragging from the Trump administration, the possibility of gold setting new highs cannot be underestimated. Surface calm hides potential risks Although last week's market movements and today's early trading performance show that the market is calming down, any sense of security is fragile. Under the surface, key risks remain: trade tensions, recession concerns, and uncertainty about monetary policy are real. Ongoing trade negotiations remain a key factor. If the United States sticks to its position on tariffs or the negotiations break down, risk aversion may quickly pick up, boosting demand for gold again. Quaid's analysis: Based on last week's market situation, Quaid conducted an analysis of gold's trend this week over the weekend. As I predicted, gold is trying to break through and try a new high. Gold has risen to around 3350, and 3365 is a key resistance level in the upward trend. If the gold price breaks through this position and can maintain horizontal development, it will continue to rise in a stable situation. From the upside, the initial resistance level is $3365, followed by $3430. If the bullish momentum is restored, it may soon hit the historical high of $3500 again. On the contrary, if the price fails to break through the 3365 resistance level, Quaid believes that it is necessary to pay attention to the key support at the 3285 position.
OANDA:XAUUSD
by Quaid-1
No need to hesitate, gold continues to be bullish I just told you that you can go long near 3298. Gold once retreated to around 3275 during the European session. I think if you want to go long, there is definitely a chance, and I have been emphasizing this. I am still in a stable state, and I only suggest going long near 3290 during the US session. As of now, gold has reached around 3330, which has reached my two target positions. Since gold can stand at 3330, it will definitely continue to rise in the future. At present, gold is a W-shaped structure, and it will definitely hit the top near 3360 in the future. So, my suggestion here is still to go long. But maybe gold will not be given a position below 3300. Therefore, if there is a subsequent retracement of gold, you can focus on entering the market near 3300-3310 and go long. The final target is still around 3360.
OANDA:XAUUSDLong
by Yuliya1l11
Gold shocks pull the trend towards the bearish side!Gold market trend analysis: Gold technical analysis: You should have seen the exaggeration of gold, right? Gold has also experienced several major ups and downs in history, but this time is definitely one that can be recorded in the history books. The daily lines in the past few months are very exaggerated, and the rise and fall range is unprecedented. Just today's Asian market, a simple dive is dozens of points. This is the market. The market is always right. We need to respect it the most, rather than blindly look at it subjectively. Surviving in such a big market is the most important thing. Many times, the fluctuation of gold is basically not related to technicality. We try to follow the direct pursuit mode in operation, and we can catch big profits in such a big market. Last week, the weekly line closed with a big tombstone, the weekly line top appeared, and the air force appeared. In May, gold will at least adjust to around 3,000. The above is the 4-hour pattern, which is repairing below the moving average. If the bulls break 3370 again, there is a possibility of rising again. Otherwise, gold will adjust deeply again. This wave of adjustment is at the weekly level. The daily pattern is also turning into a peaking mode. Note that 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 will be bearish this week. If the decline of the big C wave continues, the target will be 3230 (the half point of the entire April rebound) in turn. 3165 is the Fibonacci 61.8 position of the callback and also the previous high point, which is easy to form a rebound. Today's 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. On the whole, today's short-term operation strategy for gold is to short on rebounds and to buy on pullbacks. The upper short-term focus is on the 3298-3300 resistance line, and the lower short-term focus is on the 3265-3260 support line. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation. The specific points are mainly based on real-time intraday trading. Welcome to experience, exchange real-time market conditions, and follow real-time orders.
OANDA:XAUUSDShort
by TP_Daniel5
2
Gold market, further decline is likelyOANDA:XAUUSD Continue to test the support level of 3270 points, looking for a breakthrough. Any easing of the Sino-US conflict may trigger a price drop. But things are not so simple. The Chinese Ministry of Foreign Affairs issued a statement: China and the United States have not discussed or negotiated on the issue of tariffs. Gold prices are under pressure before the tariff war and the release of US data. International situation: Russia issued a statement on a truce; and Ukraine issued a statement: If Russia really wants to achieve peace, it must immediately cease fire. If the two sides formally sign a truce agreement, the safe-haven demand for gold may also be greatly reduced. In the morning, gold prices tested last week's low of $3260, and the strengthening of the US dollar and the possible easing of Sino-US trade risks put gold prices under pressure. Traders are waiting for the release of key US GDP and labor market data, which may affect the Fed's interest rate expectations. In this context, if macro statistics are weak and geopolitical risks remain, the correction in gold prices may be replaced by growth. Another test of the support level may trigger a breakthrough. It is necessary to pay attention to the situation between China and the United States. Any easing of the situation will trigger a decline in gold. Upward resistance: 3300, 3325 Downward support: 3265, 3245, 3230 The possibility of further decline in gold prices has been exhausted since the opening. Gold prices may strengthen to the above resistance levels. A false breakout of 3300/3325 may trigger a decline, which may bring gold prices closer to the support level of 3270.
OANDA:XAUUSD
by Quaid-1