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Gold is losing its shine as the US and China move closerGold price (XAU/USD) has dropped below $3,300 and is now trading around $3,275 in the Asian session on Monday, pressured by a stronger US Dollar and optimism from US-China trade talks. Both sides reported “substantial progress” after two days of negotiations in Switzerland, reducing safe-haven demand for gold. However, ongoing trade uncertainties and geopolitical tensions may still provide some support. While military activity between India and Pakistan has eased following a ceasefire, the risk of conflict remains. 🔮 Expected Short-Term Scenario: This week, gold (XAU/USD) may continue to face downward pressure due to positive expectations surrounding the US-China trade process, which reduces demand for safe-haven assets. If the US releases more favorable trade details, risk sentiment could improve, causing capital to flow out of gold. A stronger US Dollar also adds pressure to the metal. 🧭 Suggested Trading Strategy: • If the price rebounds to the $3,275–$3,300 zone but fails to break through, consider shorting with targets at $3,240 or $3,200. • Conversely, if the price breaks above $3,300, wait for confirmation to open a long position. 💡 Short-Term Trade Scenarios: SELL XAU/USD Zone: $3,275 – $3,295 • TP1: $3,240 • TP2: $3,200 🚨 SL: $3,310 BUY XAU/USD Zone: $3,305 – $3,315 • TP1: $3,325 • TP2: $3,350 🚨 SL: $3,290
OANDA:XAUUSDShort
by Mian-FXSignals
2
Gold plunged. Will it rebound?Market Summary: Gold prices suddenly saw a new round of selling in Asian markets on Monday, and the price of gold just fell to $3,210/ounce, reaching today's low, a drop of nearly $110. Gold prices weakened at the beginning of the new week as the latest optimism about the US-China trade agreement continued to weaken demand for traditional safe-haven assets. At the same time, positive signals from the US-China negotiations eased market concerns about a US recession. This, coupled with the Fed's hawkish comments, helped the dollar stabilize near multi-week highs and put pressure on gold. The gold price trend seems quite fragile. Gold prices fell and broke below the main bullish trend line in the short term, which sent a bearish signal, indicating that the trend may change. I think the US-China trade agreement will have an impact on gold prices for a period of time. Technical Analysis: Gold's 4-hour level oscillation downward trend is relatively obvious, and the shape is a step downward. After the gold gapped down, there was a large gap. The gold rebound was unable to continue to fall. It is not easy to cover it in the short term. It will be covered in the process of the market. On the whole, for the short-term operation of gold today, Quide suggested that the rebound should be shorted as the main strategy, and the retracement should be long as the auxiliary strategy. The short-term trading should focus on the upward resistance of 3240-3250 US dollars, and the downward resistance should focus on the support position of 3200-3190 US dollars. Today's operation strategy: Operation strategy 1: Short the price when it rebounds to around 3245 US dollars, stop loss at 3260 US dollars, and take profit near 3210. Operation strategy 2: Long the price when it falls back to 3210 US dollars, stop loss at 3200 US dollars, and take profit near 3240.
OANDA:XAUUSDShort
by Quaid-1
Will gold fall? Here comes the latest analysis.Technical analysis: Gold fell rapidly in the morning and then bottomed out and rebounded. When the price broke through $3,324, it began to rise. The weak market will not rebound significantly. When the rebound that engulfed the decline appears, it will continue to rise. However, it should be noted that gold has been fluctuating at a high level for a week. It rose sharply on Monday and Tuesday, fell sharply on Wednesday and Thursday, and it is still fluctuating sharply today. For the current trading market, I think the price of gold will continue to rise in the fluctuation. After the hourly cycle breaks through the $3,324 position, the market will gradually increase today, and there is room for further upward continuation. I think short-term trading is still mainly long; after the rebound high, you can choose a short strategy. Action suggestions: Long strategy: Go long at US$3330, stop loss at US$3320, and take profit at US$3360-3370. Short strategy: short at $3,365, stop loss at $3,380, take profit at $3,300-3,310.
OANDA:XAUUSD
by Quaid-1
Gold long and short repeated operation 📌 Negative driving factors Gold prices fell below $3,320/ounce on Thursday as the US-UK trade agreement improved risk appetite. Gold fell nearly 4% in two days as the US-UK agreement boosted risk appetite and demand for the US dollar. 📊Comment analysis Gold fell directly at the opening of the Asian session today, and did not provide a good position for short selling. However, it rebounded and rose later, regaining its footing at 3,330. The short-term price fluctuated between long and short. 💰Strategy Package 🔥Sell Gold Zone: 3351-3353 SL 3358 TP1: $3340 TP2: $3330 TP3: $3320 🔥Buy Gold Zone: $3232 - $3234 SL $3227 TP1: $3245 TP2: $3260 TP3: $3270 ⭐️ 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 capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSD
by Labaron
Start buying goldTechnical aspects: Gold has bottomed out and rebounded after a rapid decline today. It has now stood above 3330. When gold breaks above 3330, it has to some extent broken away from the technical repair structure and began to tend to a bullish pattern in terms of form. Although gold is currently under pressure in the 3350-3360 area, as the center of gravity of gold moves up, the support below has gradually moved up to the 3325-3315 area. So I think there is still room for gold to rise, and it may continue to rebound to the 3345-3365 area. Trading strategy: Consider going long on gold in the 3330-3320 area, TP: 3345-3365
OANDA:XAUUSDLong
by Steffen_Schade
GOLD → sideways fluctuations. Will it break the resistance levelNews summary: US President Trump announced a trade agreement with the UK, which raised hopes of reaching such an agreement with other countries, eased market tensions, suppressed gold's safe-haven buying, and the rise in the US dollar, US stocks and US bond yields also suppressed gold prices. US Treasury Secretary Bensont and Trade Representative Greer will talk with China's top economic officials in Switzerland in the near future. Quaid reminds everyone that market concerns have not completely dissipated, and it is necessary to pay attention to the support of bargain hunting. The European Commission said earlier that if negotiations with Washington fail to cancel a series of tariffs imposed by US President Trump, the EU is considering taking countermeasures against US imports worth up to 95 billion euros. Close attention needs to be paid to news related to the international trade situation and changes in market sentiment during this trading day. Support level analysis: 3310-3300 US dollars/ounce: 3300 US dollars is a psychological barrier and technical support for the confirmation of the previous price retracement. If it falls below 3300, it may fall to the 3280 US dollar area. Resistance level analysis: 3360-3375 USD/ounce: Gold is currently above the convergence and oscillation range. 3360-3375 USD is the high pressure level of the previous day's box consolidation. If it breaks through this position strongly, the upward space will open up. Technical analysis: Gold is in a high-level oscillation and convergence range. The 4-hour MACD indicator shows that the short-selling momentum is weakening, but the hourly chart shows that the price is still constrained by the downward trend line. If gold prices stabilize at $3,300, it may trigger a rebound to $3,350-3,360; if it falls below $3,280, it may accelerate the downward trend. if it falls below 3280 USD, it may accelerate the downward trend. Operation strategy: Bull strategy: Long at 3315-3325 USD, stop loss at 3305 USD, target position at 3350-3360 USD. Short strategy: short at $3365-3375, stop loss at $3380, target position at $3330-3300.
OANDA:XAUUSD
by Quaid-1
GOLD→Beware of market reversal? News is coming soon.At the end of the Asian session, the US dollar index was around 100.05. Gold rebounded after the plunge, and the current gold price is around $3,320/ounce. Investors will see a large number of speeches by Fed officials, among which Williams' remarks are the most watched and are expected to trigger a big market trend. Today's major news: New York Fed President Williams will deliver a keynote speech at the 2025 Reykjavik Economic Conference. Later, Williams will speak at the Hoover Monetary Policy Conference. I think if Williams makes hawkish remarks, it may push the dollar stronger, thereby suppressing gold prices. Williams also serves as vice chairman of the Federal Open Market Committee and has permanent voting rights like the Fed governors. In terms of monetary policy, Weems has the most say after Chairman Powell. Williams also served as chairman of the San Francisco Fed for nearly 7 years. There are also several events taking place today: Fed Governor Kugler will speak on maximizing employment; North Richmond Fed President Barkin will participate in a fireside chat; Chicago Fed President Goolsbee will deliver a welcome and opening speech at a Fed event. Gold price trend forecast: I think its price may fall further to $3,200-3,100/ounce in the next few weeks. I hope my analysis can help you, and I wish you good luck.
OANDA:XAUUSDShort
by Quaid-1
Gold price fell after a surge? Continue the downward trend?Analysis of gold market trend: Gold price surged in the morning of Asian session, but then fell to around $3,315. Market situation analysis shows that gold price continued the trend of yesterday in Asian time, rising rapidly in the morning, and then began to decline. It fell to $3,275 in the morning, and then rose to today's high of $3,330. From the perspective of the gold hourly line, it began to rise after a brief decline in the morning of Asian session, effectively breaking through the resistance level of 3,315 and rising to a high of $3,330 for a short time. Then a downward trend appeared. This high-level fluctuation shows that the market is in a big wash and is brewing a new trend. I think the downward space may be around $3,300. Operation strategy: Short around $3,320, stop loss at $3,330, and take profit at $3,300.
OANDA:XAUUSDShort
by Quaid-1
How to operate gold in the short term today 📌 Negative drivers The trade peace talks have really entered a substantive period. Japan, the most active country, did not become the first country to sign the agreement. Instead, it was the United Kingdom and the United States, setting an example for everyone. This also means that Europe, Japan, India, etc. will also enter the substantive stage, which will become a battlefield for Sino-US trade. Gold, the surge since April, all came from the global trade war initiated by the United States, and the retracement node also fell because the trade war eased. From the conclusion of the British and American talks this morning, more and more countries will sign, which will affect the rising rhythm of gold. Divergence of geopolitical risk aversion: Although the escalation of the India-Pakistan conflict has boosted risk aversion demand, the market's expectations of the controllability of the conflict have weakened the risk aversion premium of gold. The current conflict has not yet reached the level of a full-scale war, and there is a risk of "dying in the light" in risk aversion demand. 📊Comment analysis Short-term casual 20 US dollars +, follow the trend is very important, and follow the watershed. The Asian session broke the low point of yesterday morning, and the tariffs also loosened for the first time. Don't go long. 💰Strategy Package Gold price has continuously fallen below the moving average and has been falling all the way. How can we go long in such a market? Continue to stick to the high-altitude thinking. Now the 3320 line has become a pressure point. Below it, we insist on going short. ⭐️ 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
1
Gold prices pulled back. Will prices continue to fall?Latest news: Trump announced a trade deal with the UK, which boosted market risk appetite; coupled with a sharp rise in the US dollar and US bond yields, gold prices plummeted in the Asian morning trading session. US President Trump and British Prime Minister Starmer announced a "breakthrough agreement" on trade, which made market traders predict that the United States would also reach such an agreement with other countries. This prediction has made market buyers lose motivation. Quaid believes that if the United States and China reach an agreement, gold prices will face great resistance to rise, and gold prices should fall back to $3,200/ounce. Market trading analysis: The upward trend of gold paused and started a sharp decline. As described by the RSI, buyers are losing momentum. This is not good for gold, and the price has now fallen below $3,300/ounce. Quaid believes that it will continue to fall and may fall to the cycle low of $3,202/ounce. Short-term trading strategy: Short at 3280, stop loss at 3290, and take profit at 3260. Quaid believes that if the price of gold falls below the downward resistance level of 3275, you can continue to hold your position and choose the right time to trade.
OANDA:XAUUSDShort
by Quaid-1
Thinking and practical skills for winning in the 3360-3400 rangeAffected by the news, gold fell sharply at the opening. Successfully won. According to the trading strategy, we gave gold a wide range of fluctuations in the 3360-3400 range, which will not change much. It can be operated within the range during the day. The trading strategy analysis is accurate, and the key points are accurately grasped to enter the market, which brought us good returns during the day. The short-term rhythm is accurately grasped! Brothers who followed the trading plan should have also made very good profits. 🍻🍻🍻
OANDA:XAUUSDLong
by TP_Daniel5
Gold fluctuates, long and short operations in the US market! 📊Comment analysis At 14:00 on Wednesday, US time, Fed Chairman Powell will hold a monetary policy press conference. The market generally expects that the FOMC will continue to remain on hold at this meeting, as the impact of tariff policies on inflation and the economy remains to be seen; the Fed may cut interest rates in June. Since this interest rate decision does not update economic forecasts, the focus will be on the Fed's accompanying comments on any signals of future interest rate cuts to support the economy. Since the decision to keep interest rates unchanged has been fully digested by the market, Powell's tone at the press conference will be the key to changing the market's expectations for interest rate cuts this year. 💰Strategy package The US market is expected to remain volatile, and both long and short positions have opportunities. You only need to operate at a certain point. Go long on a short-term retracement to 3378 support, and go short when it reaches the upper resistance of 3408. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose a lot size that matches your funds - Profit is 4-7% of the capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSDLong
by Labaron
3
Are gold bulls regaining control of the market? 📌 Driving factors The latest news from the Chinese Ministry of Foreign Affairs on Wednesday showed that Chinese Vice Premier He Lifeng will visit Switzerland from May 9 to 12. During this period, he will serve as the Chinese leader of Sino-US economic and trade and hold talks with the US leader, US Treasury Secretary Benson. Beijing said that on the basis of fully considering global expectations, Chinese interests, and the calls of the US industry and consumers, China decided to agree to engage with the US. Any dialogue and negotiation must be carried out under the premise of mutual respect, equal consultation, and mutual benefit. If the United States attempts to continue to coerce and blackmail under the guise of talks, China "will never agree." The market is paying attention to the policy decision announced by the Federal Reserve on Wednesday. It is expected that the Fed will keep interest rates unchanged at the meeting, but this meeting may be the last meeting with such a clear result. Federal Reserve Chairman Powell is unlikely to provide clear guidance on how the Fed plans to respond to U.S. tariffs. Macquarie analysts led by Thierry Wizman wrote in an investor report, "If traders naively believe that the Fed will save the world and use obvious "dovish" signals to alleviate the recent increase in policy and political uncertainty, then they should think again." In addition, investors also need to pay attention to the impact of news related to the geopolitical situation. This week, Israel and the Houthi armed forces "fought hard", which also provided safe-haven buying support for gold prices. There have also been some conflicts between India and Pakistan, which investors need to pay attention to. 📊Comment Analysis Gold price awaits today's interest rate result, rebounded well above 3400 but then fell immediately, indicating that the market is not ready for the first rate cut, and if there is, gold price may face strong selling pressure today 💰Strategy Package Long position: Actively participate near 3365 points, profit target is around 3420 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
1
Gold price fell after a high? Trend reversal?Analysis of Asian morning session: The recent high point of gold price reached 3437 US dollars, and it fell sharply after the Asian morning session opened. The gold market opened after the Asian holiday, and the bulls rose strongly; the Asian morning session was volatile, and the current lowest reached around 3360, a drop of 77 US dollars. Then it adjusted back and reached a high of around 3404; this position can be used as an important resistance level at the opening time of the Asian session. Between the sharp rise in the morning of the past two days, and the upward continuity of the European and American sessions, coupled with the recent continuous rise and fall, the rapid fall in the Asian morning session. Quaid believes that in this continuous upward pattern, once there is a sharp fall, it is also likely to be a signal of insufficient bullish power in the short term; then we need to consider whether the bears can reverse, and the current upper pressure position is at 3395 US dollars, and the lower support level is at 3360 US dollars, which is equivalent to the previous top and bottom conversion. Operation strategy: Short when the price returns to 3390, take profit at 3370-3360, stop loss at 3400. Good luck to everyone.
OANDA:XAUUSDShort
by Quaid-1
Gold still has the potential to extend to 3420-3430.Fundamentals: Focus on the Fed's interest rate decision; Technical aspects: Gold rose to 3397 and encountered resistance and fell back, and the bulls' momentum was insufficient. But I think the gold bulls are far more than that. Gold is bound to hit 3400, and even continue to the 3420-3430 area; since gold rebounded after hitting 3200, it has repeatedly built a solid bottom structure support below, and the oscillating rise has effectively supported the continued rebound of gold. As the center of gravity of gold moves up, the support structure also gradually moves up. The current short-term support is in the area around 3380-3370, and the second is in the area of ​​3365-3355. Trading situation: According to today's trading strategy: Go long on gold at 3350 in the morning and around 3375 in the afternoon. In order to lock in profits in time, manually close orders at 3366 and 3394 respectively. Today, the total profit in gold long transactions exceeded 360pips. Trading strategy: During the rising shock, there are profit opportunities for both long and short parties in some areas, but currently, overall, bulls have the advantage and are mainly long gold. Consider the opportunity to go long when gold falls back to the area around 3380-3370, TP: 3400.
OANDA:XAUUSDLong
by Steffen_Schade
Gold price breaks through 3400. Bulls take control?Gold price breaks through the 3400 resistance level I predicted. And there is a trend of continuous rise. Next, Quaid will comprehensively analyze the current market situation for all traders. Technical analysis: From the daily chart, the gold price has broken through the important resistance level and formed a strong upward trend. Currently trading above $3400, it has successfully broken through the key resistance range of $3385-3400. The Bollinger Band indicator shows that the middle track is at 3231.01, the upper track is at 3485.06, and the lower track is at 2976.97, indicating that the current price is near the upper track of the Bollinger Band, showing strong upward momentum. The RSI indicator shows that the current value is 64.8, which is in the neutral to strong area, and has not yet reached the overbought level, and there is still room for growth. Quaid believes that in the short term, if gold stabilizes above $3,400, it may hit $3,430-3,450. Once it breaks through, it will open up the possibility of a higher price. Market sentiment observation: The current market sentiment is clearly biased towards risk aversion, and global geopolitical tensions have become the main driving force for gold to rise. The continued tension of geopolitical conflicts and political uncertainty in Germany have prompted market participants to seek safe assets. At the same time, expectations for the Fed's future monetary policy shift are also increasing. Although the possibility of a rate cut in May is extremely low, the probability of a rate cut in the June meeting is close to 30%. Liquidity indicators show that the trading activity in the gold market has increased and institutional funds continue to flow in, indicating that bullish sentiment in the market has the upper hand in the short term. Technical indicators have not shown obvious overbought signals, which means that the current rally still has room to continue. Compared with other asset classes, gold's relative strength is outstanding, especially in the context of the possible challenges to the status of the US dollar as a safe haven asset. Outlook for the future In the short term: Gold prices may continue to rise to test the $3,400-3,500 area. The Fed's decision will be a key trigger for gold prices in the near term. If the Fed shows a dovish attitude, gold prices are expected to further break through historical highs. Medium term: Global geopolitical uncertainty is expected to continue to support gold prices. If geopolitical conflicts escalate further or the situation in the Middle East deteriorates, safe-haven demand may push gold prices to hit the $3,600 level. At the same time, market expectations of a shift in the Fed's monetary policy will be another key factor affecting gold prices. Long term: From a macro perspective, the current combination of slowing global economic growth and geopolitical tensions will continue to provide support for gold.
OANDA:XAUUSDLong
by Quaid-1
Gold's upward momentum continues. Will gold continue to see an uFundamental analysis: Tomorrow will see the decision of the Federal Open Market Committee, which may pose a risk to bulls as the Fed is likely to refute the market's aggressive dovish pricing expectations. From a more macro perspective, as the Fed implements loose policies, real yields may continue to fall and gold is still in an upward trend. But in the short term, more positive news on tariffs and a hawkish stance by the Fed may trigger a further decline in gold prices as the market readjusts to the new situation. Technical analysis: Gold prices broke through the shock range strongly in the early Asian session, jumping from $3,330 to $3,386, and then slowly fell to $3,350; it climbed again to $3,385 during the European session. The European session did not break through the early high, but there was no excessive retracement, and the European session as a whole maintained high shocks. Looking at the 4-hour chart, the current upward resistance is 3,395, and the support level is 3,350 below. If the upward movement today can strongly break through the resistance level of 3395, the price of gold may reach the high point of 3400-3430. If the price of gold fails to break through the resistance level of 3395 and continues to fluctuate at a high level, it will prepare for a continuous rise and break through the high. Operation strategy: Long strategy: enter the market and do more, and the upward range looks at the high point of 3400-3430. Short strategy: short at 3410, and the downward position looks at the support range of 3370-3350.
OANDA:XAUUSDLong
by Quaid-1
3420, gold prices can reach today 📌 Gold driving factors Driven by the weakening of the US dollar and safe-haven demand, spot gold closed up $93.77 on Monday, up 2.9%, at $3333.32 per ounce. On Monday local time, US President Trump signed an order on biomedical research, hoping to take the opportunity to promote the US pharmaceutical manufacturing industry. Trump also announced that tariffs on pharmaceutical products will be announced in the next two weeks. Kitco Metals senior metals analyst Jim Wyckoff said: "We see continued inflows of safe-haven demand, keeping gold prices high. Gold prices will remain above $3,000 per ounce, at least in the short term." Gold is often seen as a safe-haven tool in uncertainty and performs well in a low-interest rate environment. Gold prices have soared 26.3% this year and have set new historical highs many times. 📊Comment Analysis Bulls regained their dominance, and the upward trend approached above 3400 before the market expected a rate cut 💰Strategy Set 🔥Sell Gold Area: 3418-3420 SL 3425 TP1: $3410 TP2: $3400 TP3: $3385 🔥Buy Gold Area: $3323 - $3321 SL $3316 TP1: $3330 TP2: $3340 TP3: $3358 ⭐️ 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:XAUUSDLong
by Labaron
3
XAU/EUR "The Gold" Metal Market Heist Plan (Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/EUR "The Gold" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk YELLOW MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place sell limit orders within a 15 or 30 minute timeframe most nearest or swing, low or high level for Pullback Entries. Stop Loss 🛑: 📌Thief SL placed at the nearest/swing High or Low level Using the 1H timeframe (2950) Day/Swing trade basis. 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 2810 (or) Escape Before the Target 💰💵💸XAU/EUR "The Gold" Metal Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
FOREXCOM:XAUEURShort
by Thief_Trader
Gold is rising strongly. What is the reason?Analysis of today's market in Asian session: Last week, the price of gold rebounded to above 3240, the lows were constantly rising, and the highs were broken; such a rebound is tempting traders to short. In the morning of Asian session, the price of gold rose rapidly from 3320 to 3385 US dollars. In just two days, the price of gold recovered the decline during the Asian holiday. In the current market situation, it is not far away to rush back to the high point. The key to the price increase in the morning of Asian session may also support the European session and the US session. You can use a long strategy during this period. However, you must pay attention to the continuity of the gold price. If there is an attack in the market transaction, there must be a defense; the downward or upward resistance level must be clear after the breakthrough position, how to operate to maximize the benefits and minimize the losses. Quaid believes that if gold pulls back, its support point needs to focus on the 3340-3350 range, and the defense position is 3320; the position of the Asian morning rise should be paid attention to. If it falls below this position, you need to adjust the strategy in time. Quaid believes that the upward trend is currently focused on $3380-3400.
OANDA:XAUUSD
by Quaid-1
Buy gold, it will continue to 3350!Fundamentals: Focus on Trump and the Fed; Technical aspects: Currently, gold is moving in a fluctuating upward manner, and in the short term, the effective double bottom structure constructed in the area around 3200 and 3220 supports the continued upward movement of gold. In the short term, gold is not very willing to fall, and it has not even been able to fall back below 3300 again. If gold breaks through the 3330-3335 area during the rebound, then gold will inevitably continue to rise to the area around 3350, or even the area around 3380. Trading strategy: If gold retreats next, we will mainly focus on the opportunity to go long on gold in the 3315-3305 area; TP: 3350
OANDA:XAUUSDLong
by Steffen_Schade
Start shorting gold and seize the opportunity to make a profit!!Fundamentals: Focus on Trump and the Fed Technical aspects: Gold fell back to around 3253 and then rebounded, and continued to rise to around 3318. The upward momentum in the short term looks particularly strong. According to the current structure, as gold gradually rebounds, off-market buying funds gradually enter the market, pushing gold further up. However, when facing the previous turning point position area of ​​3325-3335, the market is cautious and it is difficult to break through this area in a short period of time. Therefore, when gold gradually approaches the 3325-3335 area, gold may usher in a wave of retracement in the short term; obviously, the retracement area we can foresee is the 3295-3285 area first. Trading strategy: Consider shorting gold in the 3315-3325 area, TP: 3295-3285
OANDA:XAUUSDShort
by Steffen_Schade