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GOLD/USD Bullish Reversal and Breakout Target GOLD/USD Bullish Reversal and Breakout Target 🎯 ✨📈 🔍 Technical Analysis Overview: The chart illustrates a clear bullish reversal pattern following a strong downtrend, with price reacting from a key support zone (highlighted in blue). Multiple bullish rejection wicks and confirmation candles (green arrows) indicate buying interest at this support. The recent higher low formation confirms shift in market structure towards bullish bias. 📌 Key Zones: 🟦 Support Zone: Around 3,280 – 3,320 USD Price respected this zone multiple times (marked with orange circles), confirming its strength. 🟥 Resistance Zone / Target: 3,430 – 3,460 USD This area aligns with previous swing highs and is the projected target for this bullish move. 📈 Chart Structure: Break of descending trendline and bullish momentum above support suggests potential continuation towards the marked target. Falling wedge breakout also aligns with reversal logic. 🎯 Price Target: 3,438.515 USD (resistance area), as labeled on chart with arrow and breakout projection. 🛑 Invalidation Level: A sustained break below the support zone (3,280 USD) would invalidate this bullish outlook. 📌 Conclusion: Gold is exhibiting strong bullish behavior with confirmation from price action and structure break. As long as price sustains above support, the path toward 3,438 remains
TVC:GOLDLong
by MrStellanSight
2
Gold falls back, is a bottom structure emerging?In terms of one-hour structure, this round of phased adjustment started from 3450 has not ended yet, but it will soon, especially the rapid rebound after the bottom of 3260 on Monday. This rebound has strong momentum. After bottoming out and rebounding, it is currently fluctuating around 3340, with a large overall span. This also shows that after the price has risen, the amplitude of the correction has increased, which means that the upward space is limited. This adjustment is likely to be over soon, but there is no definite bottom structure yet, so we need to wait for some time. Before going out of the definite bottom structure, based on the principle of following the trend, you can try to short with a light position. At present, in terms of the one-hour pattern, the key point is here at 3355, and it is currently falling back from this position to 3340. If it falls back to the 3320 area today and stabilizes above it, you can operate a long strategy. On the whole, Quaid suggests that the short-term operation strategy for gold today should be mainly long on pullbacks, supplemented by shorting on rebounds. Operation strategy: Short at 3345, stop loss at 3355, profit range 3330-3325. Long at 3320, stop loss at 3310, profit range 3340-3345.
FOREXCOM:XAUUSD
by Quaid_1
Beware of gold, false rise and real fall 💡Message Strategy The global economic uncertainty has intensified recently, and the gold market has performed well. On Monday, the price of gold rose by 0.87%, hitting a bottom of $3247.87 per ounce before rebounding strongly. The upward trend continued in early trading on Tuesday. In the second quarter, the price of gold rose by 5.5%, rising for two consecutive quarters. The main reason for this round of gold price rise is the weakening of the US dollar. The US dollar index has recorded its worst performance in the first half of the year since the 1970s. Market concerns about the expansion of the US fiscal deficit and uncertainty in trade agreements have weakened the attractiveness of the US dollar. At the same time, global trade and geopolitical fluctuations, such as the Sino-US rare earth agreement, the progress of US-EU trade negotiations, and the uncertainty of the tariff deadline on July 9, have strengthened the safe-haven properties of gold. This week's focus is on Thursday's US non-farm payrolls report for June. The market expects 110,000 new jobs and an unemployment rate of 4.3%, which will directly affect the direction of the Federal Reserve's monetary policy. Although the Federal Reserve is cautious about cutting interest rates, the market generally expects that interest rate cuts will be resumed in September, and the annual interest rate cut may reach 66 basis points. Trump's pressure on the Federal Reserve has also increased policy uncertainty. Gold is driven up by multiple factors, but its future trend still depends on employment, inflation and tariff policies. Investors need to pay close attention to data and policy developments. 📊Technical aspects Gold hit bottom and rebounded during the early trading session on Monday, and the price stopped after touching the previous low. The price stopped after touching the four-hour resistance position before the European session. The European session was under pressure before breaking through the four-hour resistance. After that, the U.S. session had consecutive positive days, and the price did not fall. Instead, it further broke through the four-hour resistance position, which means that the price still has the performance of testing the daily level resistance area. We will continue to follow the key breakthrough of 3300 on Monday and pay attention to the 3350-3360 area and then look at the pressure. According to the daily level, after the price broke through the daily support last week, the price continued to rely on the daily resistance to bear pressure. At present, the daily resistance is at the 3360 area resistance. Below this position, gold can continue to be short. According to the four-hour level, the four-hour key position is the key to our emphasis on short-term trends. Yesterday, the price broke through the four-hour resistance and is expected to adjust further. The current four-hour support is in the 3300 area. The price is short-term bullish above this position. After the subsequent high, it is expected to fall further after breaking the four-hour support again. From the one-hour level, yesterday's strong closing, today's early trading again directly broke through yesterday's high position, so today's early trading low became the key. The price above this position tends to continue to test the daily resistance of 3360, so we will first look at the rebound, and wait until the price touches the daily resistance of 3350-3360, and then pay attention to further anti-K signals to see pressure. 💰Strategy Package Short Position：3350-3360，SL：3370，Target: 3315-3300
TVC:GOLDShort
by TheodoreSilas
Gold surged and then fell. Has it reached its peak?Information summary: Today, the United States and Japan negotiated on tariffs. Trump said that the US-Japan deal was unfair and might send a letter to Japan; the US-Japan trade negotiations seemed to be at a standstill. Trump also threatened that he would not extend the expiring tariff period and would send letters to most countries and regions in the next few days. Secondly, the United States accused the EU of unfair digital legislation and asked the EU to relax its supervision of US technology giants. In addition, Trump accused "Mr. Too Late" Powell and the entire committee on social media that they should be ashamed of not cutting interest rates. Affected by the above news, gold's risk aversion sentiment heated up and prices started to rise for the second time. Market analysis: From the 4-hour chart, the market is currently in a slow upward trend in a downward channel, and the price is also repeatedly testing the upward pressure position of 3355. MA5-day and 10-day moving averages turned upward and crossed with the 20-day and 30-day moving averages. At present, the upward momentum is slightly insufficient. In the short term, we should focus on the suppression position of 3355. If we fail to break through this position for a long time, the trend will most likely turn into a downward trend. If no black swan event occurs, today's price will most likely fluctuate around the 3320-3350 range. If there is no black swan event, the price today will most likely fluctuate around the range of 3320-3350. Operation strategy: Short near 3355, stop loss 3365, profit range 3340-3330. Long near 3315 when the price falls back, stop loss 3305, profit range 3340-3345.
FOREXCOM:XAUUSD
by Quaid_1
7.1 London gold rebounds and rises, gold market trend analysis aGold rose to 3295 in the Asian session on Monday and was blocked. It fell in the European session as we expected, but the decline was not strong. After the lowest price of 3274.57, it rose again in the US session and stood firmly at the 3300 mark. The monthly line closed with a cross Yang K. The gold price continued to rise at the opening today. After the market on Monday, the 3247 below can be used as a reference for the bottom rebound position. Now the short-term trend belongs to the bulls, so we will continue this trend today and look at the upward trend first, wait for the European session to see the strength of the decline and then formulate the idea of ​​the US session. From the market point of view, after the gold price stood above the 3300 mark again, it is used as a short-term support level reference for the bulls. The Asian session can rely on this position to arrange long orders to see the continuation of the upward trend; the initial pressure on the upper side focuses on the 3328 position, followed by 3345. Now that the idea is established, the idea for intraday operations is: wait for the gold price to pull back to around 3308 in the Asian session and then go long and bullish, protect the 3300 mark, and target around 3328; if there is pressure at 3328 in the European session, you can arrange short positions with a downward trend, wait for the US session, and then decide whether to go long again based on the pullback position and target around 3345.
TVC:GOLDLong
by AIan_Gold
2
Gold is rising. Second starting point?Information summary: 1. The US dollar index has experienced the longest consecutive monthly decline since 2017. The weakening of the US dollar has increased the attractiveness of gold denominated in US dollars to non-US dollar holders, becoming an important support factor for gold prices. 2. Trump's continued pressure on the Federal Reserve to cut interest rates has formed a resonance effect with the weakening of the US dollar, which has jointly pushed up the short-term attractiveness of gold. Multiple factors are intertwined, and gold has risen slightly again. Market analysis: Gold bottomed out and rebounded on Monday, showing a positive closing, and above 3300. After falling sideways for 5 consecutive trading days last week, although it fell for a short time on Monday, it did not continue. In this case, whether a new high can be reached, the watershed is the 3295 line. As long as the European session breaks the high, the long position is near the starting point of 3305 in the early trading session. At present, the main focus is on the upper resistance around 3325. It opened directly upward on Tuesday, but did not break through too much space, unless it directly broke through 3325-3330; then the next resistance is around 3340. At present, the bulls are still running at a high level. The upward trend line generated after the reversal is more obvious, and the trend line has good effectiveness. Since the current market is in the first wave of rise, the high point has not been confirmed. Quaid believes that when the high point is clear and the price falls back to the support area, consider entering the market to go long based on the support level. Of course, aggressive trading can choose to buy around 3320 and choose a suitable high point to take profit. Operation strategy: Short near the rebound 3340, stop loss 3350, profit range 3310-3300 Long near the fall 3305, stop loss 3290, profit range 3320-3335
FOREXCOM:XAUUSD
by Quaid_1
This is the reason why gold suddenly "changed its face"! 📣 Gold News Spot gold closed up $28.59, or 0.87%, at $3,302.71 per ounce on Monday. Gold prices fell to around $3,246 per ounce in early Asian trading, the lowest level since May 29. At 21:30 Beijing time on Tuesday, Federal Reserve Chairman Powell, European Central Bank President Lagarde, Bank of England Governor Bailey, Bank of Japan Governor Kazuo Ueda, and Bank of Korea Governor Lee Chang-yong will hold a group meeting. Last Tuesday and Wednesday, Federal Reserve Chairman Powell attended a congressional hearing and said that the Fed needs more time to observe whether tariffs make inflation rise higher before considering cutting interest rates. Powell said in his congressional testimony that he and most Fed officials expect inflation to start to pick up soon, and the Fed is not in a hurry to cut interest rates before that. Powell said: "At present, we have good conditions to wait and further understand the possible development path of the economy before considering whether to adjust the policy stance." Yesterday, gold opened at $3381.6 and quickly fell back, reaching a low of $3248.8, then rebounded, rebounded in the early trading and touched $3270 and fell again, gold fell back, reaching a low of $3259.4, then gold did not continue to fall, and rebounded. Gold continued to rebound in the European and American markets, with the highest rebound in the US market reaching $3309.4, and finally closed at $3002.9 in the late trading. The monthly line closed with a long upper shadow line and a shooting star pattern. After such a pattern ended, today's gold rebounded high, and the upper resistance focused on the $3326 line. The rebound relied on the resistance below here to short, and the lower side looked at the $3295 line.
OANDA:XAUUSDLong
by labaronAA
1
XAUUSD/GOLD Geopolitical conflicts have escalated again. Next week is a week of heavy news. How will the gold price focus next week? How to trade? Look at the news preview first. 1. Geopolitics, Russia-Ukraine conflict, Palestine-Israel conflict, Iran-Israel conflict. 2. ADP data, NFP data. 3. Tariff deadline. The above three news are enough to cause drastic fluctuations in the gold price. On Friday, the New York market followed my expectations. After rebounding around 3282, it fell back. Finally closed around 3274. The impact of the weekend news is huge. From the news perspective, the opening price of next Monday will be higher than the closing price on Friday. In terms of operation, you can pay attention to buying at a low price after the market opens.
OANDA:XAUUSDLong
by Ludvig_Band_King
Gold fluctuates upward. Is the decline over?On Monday, gold opened at around 3282, and then fell back quickly to around 3247 under pressure; the downward low was blocked, and then rebounded strongly to around 3297; the market currently maintains a small upward trend. At present, we need to focus on the resistance range of the upward trend. From the 4-hour chart, the upper short-term resistance is around 3295-3300, followed by the suppression range of 3310-3315. The main direction of short-term operations maintains the rebound short-selling strategy. The support below is around 3255; the overall short-term operation relies on 3260-3300 to maintain the main tone of high-altitude participation unchanged. Operation strategy: Short near 3305, stop loss 3320, profit range 3270-3260. A new week has just begun. I wish you all gain something from the market fluctuations.
FOREXCOM:XAUUSD
by Quaid_1
1
Gold long-short strategy US trading range operation Gold prices (XAU/USD) recovered some of their losses during Monday's Asian trading session, driven by expectations that the Federal Reserve may cut interest rates further this year (and perhaps earlier than previously expected). This prospect weighed on the dollar, making dollar-denominated gold more attractive to overseas buyers. However, the recent improvement in global risk sentiment (driven by the US-China trade agreement and the Israeli-Iranian ceasefire agreement) may reduce the safe-haven demand for gold. Investors will now turn their attention to upcoming comments from Federal Reserve officials, with Atlanta Fed President Rafael Bostic and Chicago Fed President Austan Goolsbee expected to speak later in the day. Gold prices recovered, accumulating around the 3,300 price range at the beginning of the new week. Still in a major downtrend. ⭐️Set Gold Price: 🔥Sell Gold Area: 3316-3318 SL 3323 TP1: $3305 TP2: $3290 TP3: $3277 🔥Buy Gold Area: $3248-$3246 SL $3241 TP1: $3258 TP2: $3270 TP3: $3286 ⭐️Technical Analysis: Set reasonable buy orders based on technical indicators EMA 34, EMA89 and support and resistance areas.
OANDA:XAUUSDShort
by labaronAA
1
Gold's rally has not reversed yet? The consolidation pattern hasTechnicals: Short-term risks remain skewed to the downside as the momentum of the relative strength index (RSI) and the moving average convergence divergence indicator (MACD) weakens. The RSI hit a new low below the neutral 50 mark. If short pressure intensifies in the next few trading days, gold prices may retest the upper track of the previous falling channel at 3215, followed by the rising support line from October 2024 at 3150. If it falls below this level, the decline may accelerate towards the psychological level of 3000, or even lower to 2970. On the upside, if a strong catalyst pushes gold to rebound above the 20-day and 50-day moving averages (currently 3320-3350), the next resistance level may appear in the 3400-3435 range. A decisive close above this boundary may pave the way for gold prices to move towards 3500, or test resistance near 3530, and then may target the 3600 level. Overall, despite the weakening technical indicators, gold has not completely lost its bullish reversal potential. As long as the price remains within the sideways structure above 3150, the downward pressure may still give rise to a "buy on dips" strategy.
TVC:GOLD
by AIan_Gold
1
Gold bulls are suppressed, rebound short-selling range grasp 💡Message Strategy The cooling of geopolitical tensions and the easing of Sino-US trade tensions have boosted market risk appetite, and rising stock markets have weakened the attractiveness of holding gold, suppressing gold prices. However, geopolitical tensions have not completely calmed down, and expectations of a September rate cut by the Federal Reserve have increased, limiting the decline in gold and providing support. In terms of operations, it is recommended to treat it with a volatile mindset. 📊Technical aspects On the daily chart, after gold hit a two-month high in mid-June, it encountered resistance and fell back, hitting a new low in nearly a month, and the short-term trend is biased downward. For gold's upper pressure, pay attention to the intraday high of $3,300. The gold price bottomed out and rebounded during the day. For gold's lower support, pay attention to the intraday gold price rebounding above the rising position of $3,270, followed by the intraday low of $3,247, which is also near the low point of the gold price after the rise in May. The 5-day moving average and the MACD indicator cross downward, showing that the short-term technical side is dominant. From the 1-hour analysis, the upper short-term resistance is around 3277-3281, the 3295-3301 line is suppressed, and the 3316 line is suppressed. In terms of operation, the main short-term support is around 3250-3255. The overall main tone of high-altitude participation remains unchanged in this range, so pay attention in time. 💰Strategy Package Short Position：3290-3300，SL：3316，Target: 3240-3250
TVC:GOLDShort
by TheodoreSilas
Gold is trading sideways. Has it reached a high point?On the first trading day of this week, after hitting 3247 in the early Asian session, it quickly rebounded to around 3295, and then fell back slightly. It is currently maintained at around 3285. From the hourly chart, the Fibonacci 0.618 position of this trend from 3247 to 3297 is at 3278. The price has always been above 3278, but it has only fallen below this position in a very short time. If the retracement does not break through the 0.618 position, there is a high probability that there will be a high point in the subsequent trend. Next, we should focus on the area around 3280. If the price always closes above 3280, then today's high point of 3297 will most likely be refreshed. If the upward trend is opened again, it is very likely to touch around 3310. 3310 is also the current 0.618 position. And it is also the top position of this hourly chart range. Therefore, we should be cautious when shorting gold above 3280, as there is a high probability that it will reach above 3300. Aggressive trading can rely on entering the market and going long near 3280, and the profit range is between 3300-3310. For short strategy trading, Quaid recommends that it is safer to short when the price rebounds near 3310.
FOREXCOM:XAUUSD
by Quaid_1
Gold Faces Resistance Near $3,300 Ahead of U.S. Jobs Data📊 Market Highlights: Gold holds firm above $3,280 supported by expectations of future Fed rate cuts, but upside momentum has stalled as traders await this Friday’s U.S. jobs report. A slight rebound in the U.S. dollar and elevated bond yields are pressuring gold in the short term. 📉 Technical Analysis: • Key Resistances:  – $3,300 (strong psychological and profit-taking level)  – $3,320 (last week’s high – potential heavy selling zone) • Key Supports:  – $3,255 (short-term dynamic support – EMA 09)  – $3,230 (major support from previous breakout structure) • EMA 09: Price remains above the 09 EMA → trend still bullish • Momentum: The bullish momentum is weakening. A shooting star candle near $3,300 and RSI approaching overbought territory (>70) suggest a possible short-term correction. 📌 Outlook: Gold may retreat to $3,255 or lower if it fails to break above the $3,300–$3,320 resistance zone. However, the overall bullish trend remains intact as long as price holds above $3,230. 💡 Suggested Trade Setup: 🔻 SELL XAU/USD at: $3,295 – $3,300 🎯 TP: 40/80/200 pips ❌ SL: $3,305 🔺 BUY XAU/USD at: $3,255 – $3,260 🎯 TP: 40/80/200 pips ❌ SL: $3,245
OANDA:XAUUSDLong
by Mian-FXSignals
6.30 Safe haven disappears, gold loses its luster!Gold did not break through the upper pressure at midnight last Friday. Gold fell directly after opening in the morning on Friday. The bears broke through the previous 3295 support line, and the lowest reached 3255 in the evening. It closed at around 3274, and the daily line also closed in the form of a big Yin line. From the 4-hour analysis, the upper short-term resistance focuses on the 3295-3301 line, and the 3316 line is focused on. In terms of operation, it is still rebounding and continuing to be short and follow the trend to fall. The short-term support below focuses on the 3250-3255 line. The overall high-altitude participation tone remains unchanged relying on this range. I will remind you of the specific operation strategy during the session, and pay attention to it in time. Gold operation strategy: 1. Short gold rebounds at the 3295-3301 line, and short gold rebounds at the 3314-16 line, stop loss at 3326, target 3255-3260 line, and continue to hold if it breaks;
TVC:GOLDShort
by AIan_Gold
1
6.30 Four-hour resistance determines the strength of the reboundAt the weekly level, the short-term focus is on the adjustment and continued breaking of the weekly support. As time goes by, the weekly support is at the 3285 watershed. At the daily level, after the price broke the daily support last week, the price continued to rely on the daily resistance to bear pressure. At present, the daily resistance is at the 3355 area resistance. Below this position, gold can continue to be shorted. At the four-hour level, the four-hour key position is the key to our emphasis on short-term trends. At present, the four-hour watershed is in the 3300 area, so the focus is on the gains and losses of this position. Before it breaks up, the short-term focus will be on the pressure first, but once it breaks up, it will need to focus on the rebound to the daily resistance. From the one-hour perspective, the bottom rebounded during the early morning session and broke through the high point of the previous trading day’s early morning retracement, so the short-term is still in adjustment. Temporarily pay attention to the gains and losses of the 3300 position, and treat it as the right-side trading method in terms of operation.
TVC:GOLD
by AIan_Gold
1
Gold continues to be weak, but be careful about operations 📣Gold prices fell 2% last Friday, hitting a near one-month low. Optimistic trade-related agreements boosted risk appetite and weakened the attractiveness of gold as a safe-haven asset. This week, the market will usher in a group meeting of major central bank governors around the world (Fed Chairman Powell, European Central Bank President Lagarde, Bank of England Governor Bailey, Bank of Japan Governor Kazuo Ueda, and Bank of Korea Governor Lee Chang-yong). The market will also usher in non-agricultural data. In addition, Powell's remarks on whether to resign may ignite the market this week. Gold prices may fluctuate more around the lower track of the Bollinger Band at $3,270/ounce this week. Technical analysis: Last Friday, the K-line had a lower shadow, and the Bollinger Band did not diverge. It is not easy to go short directly in operation, but wait for the rebound to confirm 3295 and the key resistance of ma5 to be short. 💰 Operation strategy: Rebound to 3280-3283 to go short, target 3270-3265, stop loss 3288-3290
OANDA:XAUUSDShort
by labaronAA
1
Non-agricultural data is coming. Will it affect the market trendBecause there will be non-agricultural data next week, Quaid thinks that the market will not be in a hurry to perform at the beginning of the week. And Friday is the US Independence Day, and the market will be closed in advance; maybe only Wednesday and Thursday are really needed. This week, gold closed below 3300, and the daily line was also broken, and gold officially entered a bearish trend. First look at the monthly line chart Because next Monday is the last day of June, the monthly line will start to close, so you can still pay attention to the support of the monthly line. The MA5 moving average below the monthly line is currently around 3170. Moreover, with the support of non-agricultural data next week, the possibility of touching around 3170 is not ruled out. Secondly, from the weekly line chart The weekly line is basically the same as the monthly line. The MA20 moving average below is also around 3170. So next week, I think we should focus on around 3170. The monthly line and the weekly line resonate, so the probability of touching this position is very high. Finally, let's look at the daily chart. The daily chart shows a downward trend and the short-term support has been broken. The current support is around 3250. I think there is a high probability of a small sideways consolidation at the beginning of the week. If the market conditions are eager to change, it may rebound slightly and then continue to decline. If it falls below 3250, it will continue to fall towards 3200. If this level is broken, it may hit the low point of 3170-3175.
FOREXCOM:XAUUSDShort
by Quaid_1
A new golden week, grasp it with the best condition Good weekend everyone, this week's trading time is over, and next week's trading time will also enter the countdown. No matter how you grasp the market this week, whether happy or sad, Theo hopes that everyone will not bring your mood to the trading environment next week. After all, next week is also a new beginning of the week. In the new week, everyone should be prepared for a new state. A good state should be persevered, and a bad state should be adjusted. With a good state to grasp the market trend of next week, I believe you can also be invincible and grasp the market better! 📊Technical aspects Gold did not break through the upper pressure at midnight on Friday. Gold fell directly after opening in the morning on Friday. The bears broke through the previous 3295 support line, and the lowest level in the evening was 3255, closing at around 3274. The daily line also closed in the form of a big negative line, with an obvious downward trend, and all the previous support will also turn into pressure. The short-term moving average system crossed downward to accumulate energy for the bears. Since the closing did not break through the upper 3300 pressure level, we will continue to rebound and short next week. After all, the technical side is still short, and only by following the trend can we keep up with the rhythm of eating meat. From the 4-hour analysis, the upper short-term resistance is around 3295-3301, with special attention paid to the suppression at 3316. In terms of operation, the rebound continues to be the main short and the trend looks down. The lower short-term support is around 3250-3255. The overall main tone of high-altitude participation remains unchanged relying on this range. 💰Strategy Package Short Position：3290-3300，SL：3315，Target: 3240-3250
TVC:GOLDShort
by TheodoreSilas
Next week's market trend analysisShort-term technical analysis of gold next week: After gold was horizontally consolidated below 3400, it had two relatively large retracements. The short-term downward channel, the upper edge of the channel is currently around 3340, which is also the turning point of the short-term long and short cycles that we need to pay attention to later. Has the current big rhythm entered a weak position? Daily level analysis: After reaching 3500, gold is still in a trend of high-level consolidation, and there is a periodic switch between long and short positions, and there is no extremely strong or weak rhythm. In this consolidation process, there are two relatively large retracements: the first from 3500 to 3200 space 300 points, the second from 3435 to 3120 space 315 points. In other words, in the current daily level cycle, the maximum decline is around 300 US dollars. Not exceeding this maximum retracement value, to a certain extent, it is still in the rhythm of high-level correction. According to the range of this space retracement, the limit of the daily retracement is around 3150, with an error of about 20 points. However, the daily range is large, so it is too early to talk about this threshold. At present, the short-term pressure points of 0.618 and the top and bottom structures are all around 3300. Another point for everyone to pay attention to: in the market with a small cycle of negative decline, once there is a sideways trend. Don't take it as support! The price is consolidating horizontally, which only means that the current bulls are weak in pulling back and the change of weakness must be a strong pullback to break through the big negative. Similarly, the slow rise market is the same. The first support below in the short term is around 3250. The strong support is at the integer level of 3200. Once this position is reached, it will become a repeated test position like 3400.
TVC:GOLD
by AIan_Gold
Gold has been falling continuously. Will it continue next week?Market review: The conflict between Israel and Iran intensified, and gold surged in the early stage, and then continued to fluctuate downward. Affected by the situation in the Middle East and weak data from the United States, it fell severely in three trading days, and most of the other time periods were in the stage of repeated washing. The first round of decline began at the high point of 3452. Affected by the situation in the Middle East, the price rose rapidly, but the rapid rise led to insufficient upward momentum, and the departure of buyers led to continuous declines in a single trading day. The second round of decline was affected by the easing of the conflict between Iran and Israel, and the US dollar, crude oil, and gold all plunged sharply; the third round of decline was Powell's wait-and-see attitude towards the interest rate cut policy, and some US data were bearish for gold, leading to a new round of decline. Market outlook for next week: The breaking of the key support bands of 3303 and 3295 means that the downward adjustment has not ended, but after touching the support near 3250, there was a clear bottoming out and recovery. It means that there is strong support below, and the focus of next week's opening is the emergence of price rebound. There were rebounds to varying degrees after the previous two rounds of decline, so this round of decline still needs to be paid attention to. The strategy mainly revolves around shorting on price rebound, with a focus on the upward suppression range of 3285-3310. If the rebound is small, then at the beginning of next week, it is likely to maintain a small fluctuation in the range of 3270-3285.
FOREXCOM:XAUUSD
by Quaid_1
7
XAUUSD/GOLD/SellThe pressure from the bears is too great. In the end, the pressure from above was not broken. Instead, it broke out and fell after being under pressure. The stop loss was hit. The current price is 3285. After gradually boosting the US dollar index. The trend of gold prices has continued to fall. More importantly, the tariff issue has been eased. At the same time, geopolitical factors are also orderly and stable. This is the news that caused the bears to attack. History has not become the savior because of repeating itself. Of course, this is also an emergency. In some transactions, the extremely low probability of causing losses is a common problem in transactions. However, our analysis team has stabilized a high trading win rate. Then the next trading plan is still to focus on the pressure from above. If the London market rebounds above 3300. It is still mainly selling. 3314 is an important level for short-term rebound, and we need to pay attention. Although there is no obvious sign of rebound yet, the release of short-selling pressure has been alleviated because the decline is slow. Today's main trading idea is still to sell at high levels. The target is to focus on the position of 3264-3248. Remember the risk of buying at low levels. Do not trade independently.
OANDA:XAUUSDShort
by Ludvig_Band_King
The data is negative. Will the price rebound from the bottom?Gold prices have continued to fall since the high near 3450. This trading day started the downward mode near 3328, and the European session continued to fall, breaking a new low. The negative PCE data also continued the downward mode. So far, it has rebounded after hitting the lowest level near 3255. However, the rebound is small, and the upper pressure is still very strong. From the 4-hour chart, short-term resistance focuses on the vicinity of 3295-3300, followed by important pressure near 3315. The short-term support below focuses on the vicinity of 3265-3270. The overall strategy of shorting at high positions remains unchanged based on this range. Operation strategy: Short at the price rebound near 3295, short covering at the high point of 3315, stop loss 3325, profit range 3370-3360. At present, the price fluctuates greatly. If you want to try scalping transactions, you can trade with a light position and float up and down 5 points to stop loss or profit in time. This is the last trading day of this week. I hope you all will gain something and have a happy weekend with your family.
FOREXCOM:XAUUSD
by Quaid_1