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Gold prices rose rapidly after falling. What happened?Gold prices rose in late Asian trading hours. In the morning, gold prices stabilized above $3,250 as investors returned to defensive assets due to continued uncertainty in the US trade agreement with China and Japan, and increased geopolitical tensions in the Middle East and Ukraine. The weak dollar before the Fed meeting and the decline in expectations for rate cuts also supported gold demand. The market focus remains on US trade news and the hawkish stance that the Fed may take this week. Quaid's analysis of market views: 1. Despite the short-term adjustment in the market, the bullish logic of gold still exists, and bullish investors are more willing to buy when the price is low. The continued volatility of US government policies and the slowdown in US economic growth constitute strong support for gold. 2. During the previous Asian holiday, the gold market fell to the key support of $3,200. After the opening, Yanzhou buyers quickly bought at a low price, causing gold to rise rapidly in the short term. Quaid believes that from a technical point of view, the gold price has reached the bottom resistance level of the range. If the price of gold does not react to the false breakout and continues to hit 3315-3320, then a breakout and consolidation above this level will strengthen it to 3320-3350. Upward resistance: 3315, 3320, 3350 Downward support: 3265, 3250, 3220 Since the opening, the price of gold has retested 3269 twice. Buyers are testing the resistance level in the hope of a breakout. If the bulls break through 3315-3320 and consolidate above 3310, the possibility of an upside move will be high. However, the possibility of another test of the liquidity area of ​​3250 before the upside move cannot be ruled out. If the price of gold breaks through the upward resistance, traders can try to go long in the short term and conduct scalping. On the contrary, if the price of gold fluctuates sideways in the 3310-3315 range, Quaid recommends shorting in this range.
OANDA:XAUUSD
by Quaid-1
1
Gold fluctuates widely; short-term trading analysis.In the morning of the Asian market, spot gold fluctuated slightly and is currently trading around $3,270/ounce, an increase of about 0.9%. As Mr. Trump's latest statement hit the market's risk appetite, the price of gold rose rapidly in the short term. The current London gold price has reached $3,270/ounce, climbing nearly $30. In addition, the market focus has turned to the Federal Reserve's May FOMC meeting on May 7. Although the market has priced in a standstill, Powell's latest remarks and press questions after his radical statement in April will attract high attention. Asian market morning analysis: Gold prices rebounded again in the morning of the Asian market. Quaid believes that if gold does not break through strongly, it will still fluctuate within the range, and the current bullish situation has not reversed. If gold continues to maintain its strength, it can resume the bullish trend. But it has not broken through for the time being, so the possibility of shorting is still very large. Gold's 1-hour moving average continues to be in a downward short position, and there is still room for gold shorting; gold was under pressure at 3270 in the early stage and fell back, and the early rebound was under pressure at 3270 and continued to fall. Gold is still fluctuating within the range in 1 hour, and Quide believes that the short-selling trading strategy is still the main one. Operation strategy: Short-term operation: short at 3265, stop loss at 3280, and profit at 3250-3240. I hope Quide's analysis can help all traders make profits in the gold market in time and harvest the first gold of the day.
OANDA:XAUUSDShort
by Quaid-1
1
Is the gold market ushering in betting? 📌 Gold driving factors There are two aspects to look at the impact of April non-agricultural data on the gold market. One is the data itself and the existing economic environment, and the other is combined with the technical aspect. The market itself is troubled by the tariff issue. Whether it is the US stock market or the US dollar, it needs good economic data to boost it. Once the April non-agricultural performance is poor, the market sell-off will be out of control, and it also means that the risk of US economic recession is increasing. Secondly, good data performance reduces the Fed's expectations for rate cuts. As we all know, the Fed's expectations for rate cuts or rate cuts are theoretically good for gold prices, and vice versa. The cooling of the tariff issue may come soon, which is also not conducive to the rise in gold prices, but cooling does not mean the end, and the final achievement will definitely take some time. 📊Comment Analysis "After experiencing short-term fluctuations, the price of gold appears to be relatively stable around $3,250. If it is to rise further, it must break through the $3,300 mark. But whether the market is ready to break through this point remains to be seen." At present, gold is still in a continuous adjustment trend. Although it retreated to the 3,200 line on Friday and then rose again, it is still under pressure below the opening of the 3,265 decline. This is also the pressure level we need to pay close attention to next Monday! The sideways trading period on Friday is long enough, and it is time for a breakthrough. So how should we arrange the market next week? It should not rise, but it will fall instead. It is not difficult to understand the trend on Friday. If it rises in the morning next week, it should be noted that the upper 3,265 is the watershed. If it breaks through, it will continue to rise, but if it is still under pressure, it is our opportunity to enter the short position! 💰Strategy Package Operation ideas for next week: Short at 3265 gold, stop loss at 3275, target 3230-3220;. The market fluctuates violently, and real-time entry and exit are mainly based on real-time guidance! ⭐️ 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
2
As expected, gold prices continue to fall 📌 Gold driving factors There are two aspects to look at the impact of April non-agricultural data on the gold market. One is the data itself and the existing economic environment, and the other is combined with the technical aspect. The market itself is troubled by the tariff issue. Whether it is the US stock market or the US dollar, they all need good economic data to boost. Once the April non-agricultural performance is poor, the market sell-off will be out of control, and it also means that the risk of US economic recession will increase. Secondly, good data performance reduces the Fed's expectations for rate cuts. As we all know, the Fed's expectations for rate cuts or implementation of rate cuts are theoretically good for gold prices, and vice versa. The cooling of the tariff issue may come soon, which is also not conducive to the rise in gold prices, but cooling does not mean the end, and the final achievement will definitely take some time. 📊Comment Analysis Recently, we have been very good at controlling the gold market. Keeping an eye on the changes in fundamental news is the focus of research and judgment. Of course, the technical direction is also of reference value. The next market will revolve around fundamental news, especially in the context of tariffs. The non-agricultural data exceeded expectations, and the tariff issue may see "dawn". If it can be confirmed in the near future, the risk aversion sentiment will subside in the short term, which is not conducive to the rise of gold prices. There is a high probability that there is room for retracement, so there is no rush to chase now. 💰Strategy Package Operation ideas for next week: Gold 3265 short, stop loss 3275, target 3230-3220;. ⭐️ 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:XAUUSDShort
by Labaron
1
Non-farm data is released, and gold is still going to fall. 📌 Gold information Today, the market will usher in the heavy non-farm data for April. From the expected value, there are only 130,000 people, far lower than the expected 228,000 people, and the unemployment rate remains at 4.2%. If we refer to the unsatisfactory ADP data in April, then the number of non-farm people in April should have declined, or it is lower than expected, but the ADP data cannot fully correspond to the final non-farm data. This is the answer given to us by too many experiences in the past, so it cannot be concluded that the non-farm data this time will be lower than expected. 📊Comment analysis Combined with the technical aspect, the strong technical pressure above the international gold price is around 3280, and then the 3300 mark. Even if it rebounds next, the pressure of the above two prices cannot be broken, and there is still a probability of a pullback adjustment. The initial support below is 3230, and after breaking through the position, it will follow the trend to explore 3205. 💰Strategy Package If today's non-agricultural data cannot provide strong support for gold prices, the rise in gold prices in the short term will be difficult to sustain. The specific decision can only be made after the final release of the afternoon data and the guidance on prices. The trend fluctuations tonight will be very intense. Remember to strictly control your positions to prevent risks. ⭐️ 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 plummeted as expected. Operation strategy?In my last analysis, Quaid predicted that gold was at risk of falling and breaking. Quaid promptly told everyone that they could short trade at 3310-3320. At present, the market situation is basically consistent with Quaid's expectations. As of now, gold has fallen to a low point near 3215. And it has been maintained for some time. Quaid speculates that gold will continue to maintain a bearish trend and continue to retreat. Quaid data analysis: From the hourly chart, gold is currently following a wave trend, and the highest point of 3352 is the starting point of wave A. The high point of wave b is at 3320. If the current 3220 is the beginning of the low point of wave C, then be careful of its continued decline. Trading strategy: In terms of the next operation, Quaid suggests waiting for short trading near 3225. If gold falls below 3210 again, then the bottom can directly look towards the 3190-3200 range. Quaid warned everyone not to think that the trading range is very large; because the trading markets in some Asian countries are closed, any terrible thing could happen. It is recommended that everyone take profits in time.
PEPPERSTONE:XAUUSDShort
by Quaid-1
Gold starts a unilateral decline? 📌 Gold information U.S. stock indexes fell sharply in midday trading due to disappointing U.S. economic data. On Friday, the U.S. Department of Labor will release the crucial monthly employment report. This is likely to be the most important U.S. data point so far this year. In other news, Dow Jones News Service reported: "Tariffs are beginning to bring pressure, prompting the Eastern giant to increase stimulus to support economic growth. 📊Comment analysis For international gold, what you need to do now is to follow the market. Don't think about bottom fishing. You can do a short-term rebound during the day. When the market has clearly broken the structure, you should choose to believe in the technical side, rather than speculate on the next support. This will only be endless. At this stage, if you fail to bottom fishing, are you still ready to try again near the integer of 3200? This is not over yet. Even if it falls below 3200, the 3180 horizontal support will be immediately below. This round of decline is about to completely give up the second rise in the front end, depending on 3180. This is why I just said that 3200 will immediately encounter a new support. The reason why many people choose to go long above 3240 is also because it is the first stage of the high platform of the front-end surge, and it is necessary to defend. Unfortunately, the defense is not successful now. In other words, if you want to go short next, you have to look at the continued decline. What are the characteristics of the continued decline? You certainly can't tolerate it having an excessive rebound, so don't think about any high-altitude trading strategy. 💰Strategy Package Short position: Actively participate at 3230 points, and the profit target is around 3200 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 capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSDShort
by Labaron
1
Gold 1H Breakdown: Top Confirmed, Trend ReversedJust price, structure, and volume — tracked in real time. 🧠 Chart Breakdown: ✅ Trend Start / Structure Reclaim — Price regained key support and moving averages with momentum. Structure flipped bullish and trend began. ⛔ Top Exhaustion — Price reached new highs but began to stall. Volume dropped, and candles began curling — signaling a loss of momentum. ⚠️ Bounce Setup — After the pullback, buyers attempted to step back in — but structure never confirmed. No follow-through = no entry. 🚨 Breakdown Trigger — Sellers regained full control. Price broke below key levels with conviction. Volume confirmed the shift. 👀 Current Move — Price is pushing into new lows. Breakdown structure remains active until proven otherwise. Always happy to be helpful.
OANDA:XAUUSD
by tradingqueen1980
Technical analysis of short-term gold operations!!!On Wednesday, the gold price generally showed a downward trend. The highest price rose to 3327.91 on the day, and the lowest price fell to 3266.79, closing at 3288.16. In view of the fact that gold fell under pressure during the early trading on Wednesday and broke through the four-hour and daily support as expected, and then the US market rebounded again and came under pressure, and finally ended in a big negative state at the daily level. The price has fallen below the daily support, so we need to pay attention to the continuation of the band decline in the future. From a multi-cycle analysis, first observe the monthly rhythm. The price rose for three months in the early stage and then a single-month correction appeared. Recently, it has risen for four months and then a single-month correction appeared. Therefore, according to the rhythm, four consecutive positives have appeared. 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. From the perspective of the medium-term, we can continue to maintain a bullish view, and the price drop is only a correction in the medium-term rise. From the daily level, the current price resistance is in the 3007 area, which is the key watershed of the band trend. If the price is below this position, the subsequent band will be treated as short. At the same time, for the short-term four-hour price resistance, it is around 3290, so the subsequent price will be treated as short under the four-hour resistance. In general, the price can be treated as short under the four-hour resistance and the daily resistance.
TVC:GOLDShort
by AIan_Gold
1
The gold correction continues!On the news: Gold prices fell for a third day in a row as signs that trade talks between the United States and China may be progressing dampened demand for safe-haven assets. News that the Trump administration is about to announce the first batch of agreements, which will reduce planned tariffs on some countries, also eased concerns about the outlook for global trade. Technical aspects: After the current gold market broke down, it started to fall from around 3270, which is also the key position for us to continue to bet on the market falling. At present, the short position of gold is more advantageous. Then in the short term, gold will focus on the support near 3233. If it falls below, then gold will reach the 3200 mark.
TVC:GOLDShort
by Fortune-signal
Gold 3213 and 3272 are space switching points 📌 Gold information The US non-farm payrolls report released this Friday (May 3) will become a market vane. If the employment data deteriorates significantly (such as the sharp drop in private employment growth shown by ADP), it may strengthen the expectation of interest rate cuts and promote the rebound of gold; on the contrary, if the data is stable, the US dollar may further suppress the price of gold. The intraday decline in gold prices seems to be partly driven by technical selling pressure, after gold prices decisively fell below the key support level of $3,265-3,260. However, due to the unexpected contraction of US GDP and the intensification of signs of slowing inflation, the market's expectations for further interest rate cuts by the Federal Reserve (Fed) have increased, and the US dollar (USD) has found it difficult to maintain any significant rebound. 📊Comment Analysis Gold price rose strongly by $544 in April. It entered the mode of space sweeping and adjustment from the confirmation of 3500. The next move is to sweep the range of the large range, starting at at least $40, and the range is $100, sweeping back and forth 💰Strategy Package 🔥Sell gold area: 3270-3272 SL 3277 TP1: $3260 TP2: $3250 TP3: $3240 🔥Buy gold area: $3178 - $3176 SL $3171 TP1: $3185 TP2: $3200 TP3: $3210 ⭐️ 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 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