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XAU/USD) bearish trand analysis Read The ChaptianSMC Trading point update Technical analysis of XAU/USD (Gold vs. USD) on the 4-hour timeframe suggests a bearish outlook. Here's a breakdown of the key elements: --- Key Levels: 1. Resistance Zone (Upper Yellow Block): Around 3,450–3,500. Price was previously rejected from this level, forming a double-top like structure. 2. Rejection Point (Mid-Level Zone): Near 3,300–3,310. Price repeatedly failed to break and hold above this zone, indicating strong selling pressure. 3. Support Zone / Demand Block (Lower Yellow Block): Around 3,100–3,125. This is the target area, labeled clearly as TARGET POINT: 3,116.501. --- Indicators: 200 EMA: Currently above the price, suggesting downward momentum. Acting as a dynamic resistance. RSI (14): Around 39, slightly above oversold territory (30). Indicates bearish pressure but not yet oversold — room for further downside. The chart suggests that if price breaks below the mid-level support, we could expect a move towards the support block around 3,116. The bearish wave projection drawn in the chart confirms the trader’s expectation of a drop. The setup appears to be a break-and-retest of the mid-zone, followed by continuation downward. Mr SMC Trading point --- Trading Idea Summary: Bias: Bearish Entry Trigger: Break below ~3,225–3,230 with confirmation Target: ~3,116 Invalidation/Stop: Close above 3,300–3,310 (rejection zone) Pales support boost 🚀 analysis follow)
OANDA:XAUUSDShort
by SMC-Trading-Point
4
XAU/USD) Bullish trand line analysis Read The ChaptianSMC Trading point update Technical analysis of Gold Spot (XAUUSD) on the 4-hour timeframe, featuring key support and resistance levels, price action projections, and RSI for momentum evaluation. Here's a breakdown of the idea: Key Points in the Analysis: 1. Support & Resistance Zones: Big Support / Buying Zone: Around 3,222 – 3,240. This zone has seen previous bullish reversals and is supported by the 200 EMA. Intermediate Support Level: Around 3,270–3,290, where price might bounce before attempting a breakout. Key Resistance Level: Around 3,350–3,365. Price must break this area to move toward higher targets. 2. Price Action Projections: The analysis shows two bullish potential scenarios: Scenario 1: Price breaks above the resistance level directly and moves toward the target point at 3,535.83. Scenario 2: A retracement to the lower support or even the big buying zone before a bullish rally to the same target. 3. RSI (Relative Strength Index): Currently near the neutral zone (around 49), suggesting there's room for movement in either direction. No extreme overbought/oversold signals right now. 4. EMA (200): The price is currently hovering above the 200 EMA (3,222.01), which acts as a long-term support and trend indicator. Mr SMC Trading point Summary of the Trading Idea: Bias: Bullish Entry Zones: Look for long entries at either the support level (3,270–3,290) or lower buying zone (around 3,222). Target: 3,435.05 initially, then 3,535.83. Invalidation: A clear breakdown below the 3,222 support level could invalidate the bullish bias. Pelas support boost 🚀 analysis follow)
FX:XAUUSDLong
by SMC-Trading-Point
Gold V-shaped reversal? How to solve the short order quilt🗞News side: 1.PPI has fallen for three consecutive months 2. Russia-Ukraine talks are ongoing 3. Powell says the era of long-term low interest rates is over 📈Technical aspects: Gold rebounded from oversold in the European session, hitting a low of 3120 before pulling back and rising. After a second retracement to confirm 3130, it made a V-shaped reversal. Currently, gold is still testing the 3190-3200 resistance line. Before breaking the resistance range, gold may still usher in a second bottom detection 🎁SELL 3190-3200, SL 3210, TP 3170-3160 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
XAU/USD) back up Trand analysis Read The ChaptianSMC Trading point update Technical analysis for XAU/USD (Gold vs. US Dollar) on the 4-hour timeframe suggests a bullish reversal setup from a key support zone. Here's a breakdown of the idea: Key Observations: 1. Support Zone (Yellow Box at ~3,100–3,140): The price recently touched a significant support area marked by multiple previous bounces (green arrows). The latest green arrow shows a bullish reaction from this zone, indicating potential for an upward move. 2. Resistance Zone (~3,220–3,250): This intermediate zone is expected to be the first area of interest for bulls. The analysis suggests a brief pullback or consolidation before continuation. 3. Target Point (~3,375): The chart outlines a projected move to around 3,375, aligning with a previous supply zone and the upper channel line. This is likely the main target for a swing trade. 4. EMA 200 (Blue Line - ~3,221): Price is hovering around the 200 EMA, acting as a dynamic resistance. A breakout above this would add bullish confirmation. 5. RSI Indicator (~41): RSI is recovering from an oversold region (~38), indicating potential momentum building for a reversal. Mr SMC Trading point --- Conclusion: This is a bullish reversal setup with: Entry zone: Around 3,120–3,140 Short-term resistance: ~3,220–3,250 Final target: ~3,375 Invalidation: A clear break and close below the yellow support box (~3,100) Pales support boost 🚀 analysis follow)
FX:XAUUSDLong
by SMC-Trading-Point
The technical side collapses! Can the bear market continue?🗞News side: 1. Russia and Ukraine hold ceasefire talks 2. Initial jobless claims data released during today's US trading session 3. Trump administration exposed to trillions of national debt 📈Technical aspects: After gold fell below 3200, it pointed directly at the 3100-3000 line. Although there has been a rebound in the process, the current short-term short-term situation has not changed. The current lack of rebound momentum in the market is mainly due to the fact that the bad news has not been completely digested. At present, the gold price has rebounded to around 3160. Above, we need to pay attention to the first-line suppression of 3168, which is the first low point in the decline, followed by the 3190-3200 resistance zone above. If the gold rebound cannot break through the 3168 point, then the gold price will most likely continue its decline, test the 3120 low again, or even move towards 3000. If the European market hits the 3168 line and encounters resistance, it can be short-term and focus on the release of initial jobless claims data in the US market. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
Short selling on the rebound is determined to winAfter gold fell below 3202 in the US market, it rebounded to 3198 at its highest. This rebound was just an oversold rebound, and then continued to fall back. Although it has not refreshed the low point for the time being, the pattern has weakened and it is difficult to rise again in the evening. Weak shorts can hardly get past 3198. The short-term support below is 3150-3140. Gold continues to cross downward shorts in 1 hour. The short strength is still there. The rebound continues to give shorts opportunities. There is no obvious sustained upward momentum in the short term. Then such a market is just a rebound. Gold rebounds in the US market and continues to be short. On the whole, the short-term operation strategy for gold today is recommended to be short on rebounds and long on pullbacks. The short-term focus on the resistance line of 3202-3205 is on the upper side. Gold operation strategy reference: Strategy 1: Short gold near 3195-3205, target near 3180-3170. Strategy 2: Long gold near 3160-3150, target near 3170-3190.
OANDA:XAUUSDShort
by TP_Daniel5
Gold prices are expected to rise in the future!Market news: On Wednesday (May 14) in the early Asian session, spot gold fluctuated in a narrow range and is currently trading around $3,240/ounce. After the plunge on Monday, the London gold price rebounded slightly. The influx of bargain hunting provided support for the international gold price. In addition, the US CPI in April was weaker than market expectations, the Fed's expectations for rate cuts cooled, the US dollar index fell from a one-month high, and geopolitical concerns provided momentum for the gold price to rise.International gold faces three key variables: first, the follow-up progress of the Sino-US trade negotiations. Although the two sides reached a 90-day truce agreement, the comprehensive tariff policy still exists; second, the direction of the Federal Reserve's monetary policy. The mild performance of inflation data may create conditions for rate cuts; finally, global geopolitical risks, especially the evolution of the Russia-Ukraine peace talks and the India-Pakistan conflict. There are relatively few economic data on this trading day. US Secretary of State Rubio will attend the informal meeting of NATO foreign ministers from May 14 to 16 to discuss NATO's security priorities, including increasing defense investment and ending the Russian-Ukrainian war. In addition, several Federal Reserve officials will give speeches, and investors need to pay attention! Technical Review: The gold daily chart closed sharply below 3207, and the price broke away from the MA10/7-day gold bottomed out and rebounded in the late trading. The daily line closed with a small positive K and closed above the 3250 mark. After the extremely weak decline in the US market, the trend turned strong in the early morning, forming a wide range of fluctuations around the 3220/3270 range. The daily MA10/7-day moving average of the daily chart opened and suppressed 3296/3310 downward. The short-term four-hour chart and the hourly chart moving average were glued together, and the hourly chart Bollinger band closed. It closed strongly above the 3250 mark in the early morning, and the Asian market needs to pay attention to the strength of the counterattack of buying. Today's trading ideas are still expected to fluctuate, sell at high prices and buy at low prices to participate in short-term layout.At present, gold selling is temporarily resting. The intraday gold surge and the sharp drop before the data also show the repetitiveness of market sentiment. However, in the future, some factors that are conducive to selling are gradually implemented. The Fed's interest rate cut will be put on the agenda again in the medium term. The medium-term favorable pattern for gold has not changed, so in terms of operation, you can wait for the retracement to continue buying and continue to be bullish on gold. Today's analysis: The monthly chart of gold is running in an upward trend, and the long-term trend is neutral and upward; the weekly chart is a high-level shooting star, and the medium-term trend is expected to fall; the daily chart fails to hit the previous high and runs downward, and the short-term trend is expected to fall; the intraday short-term breaks through the 3248 suppression and continues upward, and the short-term stop-loss pattern appears. So far, the market has been repeatedly sorted above the 3215 area, and the short-term selling slows down and shows signs of stopping the decline!Note that if the one-hour closing today breaks above the 3348 area, then be careful when selling, and there is a high probability that the market will bottom out and reverse, which means that a new round of swing buying will start! At that time, you can directly choose the opportunity to buy the bottom! For the current short-term gold, focus on the stabilization of the two supports of 3215-3225. Take 3200 as the turning point of the Fengshui Ridge, and keep it to continue to maintain the bottom shock or gradually rebound; once it breaks through 3270, the rebound will be strengthened to test the 3300 mark; if it breaks through 3300 and stabilizes, the downward adjustment will end and the trend will return to rise; Operation ideas: Buy short-term gold at 3227-3230, stop loss at 3228, target 3270-3290; Short-term gold sell at 3265-3268, stop loss at 3277, target 3230-3210; Key points: First support level: 3225, second support level: 3215, third support level: 3200 First resistance level: 3260, second resistance level: 3278, third resistance level: 3300
OANDA:XAUUSDLong
by Toml1314
CPI data released, golden day analysis and operation layout🗞News side: 1. CPI data is in line with expectations, short-term positive 📈Technical aspects: As we wrote in the last post, from the 4H point of view, the oversold is serious, and there is a need for rebound correction in the short term. At present, the fluctuation of gold prices is mainly affected by news. Technical analysis and indicators can only be used as a side analysis guide and reference. Gold bottomed out in the morning and rebounded, and the European market continued to rise above 3250. This means that today is not a very weak bear. At the same time, the daily line touches the 30-day moving average support. There is a high probability of turning positive today. The overall idea is to treat the market as a shock. Intraday gold operation suggestions: 🎁BUY 3240-3250 🎁TP 3260-3270 Looking further towards the 3277 line If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
The market is full of crises next week!📌Fundamentals: This weekend, China and the United States held two days of negotiations as scheduled. It seems that there are many topics to discuss and the scope is wide, but they are still trying to reach a consensus. Otherwise, there is no need to spend two days of intensive talks. Some people think that after so long, there is no conclusion, which is bad news. I think the opposite. At this time, no bad news means good news. Based on the current "marathon" negotiation time, we need to be vigilant about the expected difference in the results of this round of negotiations. The second is the India-Pakistan conflict. After the talks led by the United States, India and Pakistan have agreed to a comprehensive and immediate ceasefire. Judging from this line alone, there will definitely be no risk of risk aversion rising when the market opens on Monday. The only thing is that the results of this round of negotiations between China and the United States are quite important, and there will definitely be results before the opening of Monday. 📊Technological aspects: Even if the current round of China-US negotiations achieves an optimistic result, gold cannot fall below 3300. If it falls below 3300 and hits the low point below 3275 again, then the next step for gold is very likely to touch the high point of 3160-50 where the trade war started. On the contrary, if gold can hold 3300, then it is very likely to move like the previous wave, break the range, stand above 3360-70, then gold will continue to return to above 3400. Therefore, the most critical position for the opening of next week is the support position of 3300 below and the suppression position of 3360-70 above. If it breaks, the trend will almost move in that direction.
OANDA:XAUUSDLong
by TP_Daniel5
View on the short-term trend of gold!📌Fundamentals: Gold prices fell sharply. After Trump announced a "breakthrough" trade deal with the UK, market expectations for more similar deals increased, weakening gold's appeal as a safe-haven asset. 📊Technological aspects: Gold quickly fell in the Asian session and then quickly stretched back up. As of now, it has stood above 3320. So the possibility of gold falling again is relatively small. And there is a possibility that gold will further hit Thursday's high of 3360-70. If 3202 to 3435 is regarded as wave a, then 3438 to today's low of 3275 is wave b. So the current rebound from 3275 will go up in wave c. The first suppression position above is 3360-70, the high point of yesterday's rebound. At present, gold has stabilized above 3320, so the next bullish target for gold is to test 3360-70. After the pressure appears, follow the trend and go short.
OANDA:XAUUSDLong
by TP_Daniel5
The buy low and long strategy is coming！From the 4-hour analysis, the support below is around 3308-3300. If it does not break, the main bullish trend will remain unchanged. The upper side pays attention to the short-term suppression of 3360-66. The daily level stabilizes above this position and continues to maintain the low-multiple rhythm. Gold operation strategy: 1. If gold falls back on the 3325-3320 line, go long, and if it falls back on the 3310-3300 line, it will cover long positions. The target is 3355-3360.
OANDA:XAUUSDLong
by TP_Daniel5
The range is broken and the bulls are ready to go!📌Fundamentals: 1. In the Fed's decision, Powell maintained the 4.25%-4.5% interest rate expectation, which was exactly the same as the expectation I mentioned, and predicted the result of the entire decision. 2. The India-Pakistan conflict intensified, and global geopolitical risks continued to heat up. From Gaza to Russia and Ukraine, and then to India and Pakistan, risk aversion will continue to provide long-term support for gold prices. 📊Technical aspects: Affected by the interest rate decision, gold bottomed out and rebounded, but did not fall below the low of 3360. The daily line closed in the negative. The data had little impact. Of course, there are also concerns about the increase in inflation and unemployment caused by the increase in taxes. It is expected that there will be another interest rate cut in July, which provides support for gold. After the Asian session opened under short-term pressure at 3397, it broke through and increased in volume, and walked out of the shock range of the first half of the week. The previous article mentioned that squats and long jumps were realized. Today, we maintain a bullish mindset and pay attention to the top and bottom conversion support of 3400. If it can stabilize in the US market, we can continue to go long. The upper side will gradually look to 3423 and 3435, and it is not ruled out that it will go near the previous high. 🎯Practical strategy: Gold is long near 3387-3380, and look at 3423 and 3435! If it is strong, it is long based on the support of 3402-3398!
OANDA:XAUUSDLong
by TP_Daniel5
The downside risk of gold increases!📌Fundamentals: 1. The conflict between India and Pakistan shows signs of escalation 2. US-Houthi ceasefire agreement 3. The Fed’s interest rate decision dominates this week’s market 4. International trade situation disturbs market sentiment 5. Market sentiment and capital flow 📊Technical aspects: At present, on the hourly basis, gold is still under pressure at the small range resistance of 3400, and the current tariff crisis has cooled down. The data of the Fed's interest rate decision will cause a series of fluctuations in gold in the short term. At the same time, the market is betting that there will be further trend corrections, which may cause capital outflows in the market, which will further hit gold bulls! There is actually a new round of operation opportunities in the short term. The short-term resistance should be around 3400, but since the game between major powers has not stopped, there will be no big negative factors. However, if the data layout does not fluctuate much, the market may not have a big dive. At present, we will temporarily play at the 3360-3400 level. If it breaks, we will make new adjustments! 🎯Practical strategy: Gold: Short around 3390-3400 on the rebound, and the target is 3370-3360!
OANDA:XAUUSDShort
by TP_Daniel5
Intraday adjustment ends, follow up with low and long positions!📌Fundamentals: 1. The conflict between India and Pakistan shows signs of escalation 2. US-Houthi ceasefire agreement 3. The Fed’s interest rate decision dominates this week’s market 4. International trade situation disturbs market sentiment 5. Market sentiment and capital flow 📊Technical aspects: Affected by the trade negotiations, gold reached a high of 3434 and came out of the 70 US dollar drop. It took advantage of the trend to follow up the short order and reached the target profit stop as scheduled! Then it fell back and went long again to reap profits. The daily line continued to close in the positive direction, and there was room for fallback and adjustment during the Asian session. However, the daily cycle did not support a sharp decline for the time being. The data during the day tended to be treated as shocks. Therefore, the bullish trend remained unchanged, and the support below was 3335. You can go long if it hits during the day. The short-term support is around 3360 and 3350. In terms of operation, it will continue to be low and long. When it stabilizes, it will go to 3410 or even near the high point. However, if the second test does not reach a new high, there may be a larger correction. 🎯Practical strategy: Gold is long around 3350-55, looking at 3376 and 3410! If it is strong, go long based on the support of 3365-60!
OANDA:XAUUSDLong
by TP_Daniel5
XUA/USD) bullish trend analysis Read The ChaptianSMC Trading point update Technical analysis chart for Gold Spot (XAUUSD) on the 4-hour timeframe. Here's a breakdown of the key ideas behind the analysis: 1. Trend and Structure: The overall trend shows a bullish move followed by a correction and now a potential continuation upward. A bullish breakout from a descending trendline suggests a shift in momentum from bearish to bullish. 2. Key Zones: Order Block / Buying Zone (~3,280-3,310): A demand area where price is expected to find support and potentially bounce higher. Support Level (~3,320-3,360): Price is currently above this level, suggesting buyers are in control. Resistance Level (~3,440-3,495): Marked as a potential short-term ceiling; a breakout above this level may signal strong bullish continuation. Target Point (~3,494): This is the projected take-profit level for a bullish move. 3. RSI Indicator: RSI is around 63–64, close to overbought territory but not yet extreme. This suggests moderate bullish momentum without signs of immediate reversal. 4. Projected Move: The chart outlines a possible retracement to the support or order block zone, followed by a bounce and a push toward the resistance level and target. Mr SMC Trading point Strategy Implication: Buy on pullback to the support or order block zone. Stop-loss could be placed below the order block (~3,280). Take-profit around the target zone (~3,494). pales support boost 🚀 analysis follow)
OANDA:XAUUSDLong
by SMC-Trading-Point
25
XAU/USD) Bullish reversal analysis Read The ChaptianSMC Trading point update technical analysis of Gold Spot (XAU/USD) on the 4-hour timeframe, projecting a bullish outlook. Here's a breakdown of the main ideas conveyed: 1. Support Level & Double Bottom A strong support level is marked around the 3,177 area, with the price bouncing from it twice (highlighted by two black dots), indicating a potential double bottom pattern, which is typically a bullish reversal signal. 2. EMA 200 Support The 200 EMA (Exponential Moving Average) lies just below the current price (~3,177), acting as dynamic support. The fact that price is holding above it adds strength to the bullish argument. 3. Bullish Divergence on RSI The RSI (Relative Strength Index) shows a bullish divergence, where the price made lower lows but RSI made higher lows—another potential reversal indicator. 4. Price Projection If the bullish move plays out, the chart outlines two upward targets: Target Point: ~3,501.67 Next Target Point: ~3,729.23 These are based on measured moves from previous impulse legs (shown by vertical blue projections). 5. Entry Setup The chart suggests a break above the short-term consolidation could trigger the bullish run toward the first target, aligning with bullish price structure and support confirmation. Mr SMC Trading point --- Overall Idea: The chart expects a bullish reversal from support, confirmed by double bottom, EMA 200 support, and RSI divergence, targeting higher resistance zones. Pales support boost 🚀 analysis follow)
FX:XAUUSDLong
by SMC-Trading-Point
25
Gold is once again experiencing its extreme take-off trend!📌Fundamentals: 1. There are signs of escalation in the India-Pakistan conflict 2. The Fed's interest rate decision dominates this week's market 3. The international trade situation disturbs market sentiment 4. Market sentiment and capital flows 📊Technical aspects: The 4-hour cycle still needs a wave of strength, and it needs to go out of a wave of big rises before it can open the Bollinger upper track to form an absolute unilateral strength. Therefore, although it is temporarily bullish, there is also a certain possibility of adjustment. The current 4-hour cycle support is around 3310, and the small cycle performance support is around 3350, so don't chase more. 🎯Practical strategy: Gold pulls back to around 3365-3375 to go long, and the target is around 3400-3420.
OANDA:XAUUSDLong
by TP_Daniel5
Gold pullback continues to see bulls In my first article today, I reminded everyone to be careful that gold will stand above the 3300 mark again. And I also told you to rely on 3255-50 to do more, looking at the upper 3280 and 3300 positions. Sure enough, after the opening of the European session, gold has made rapid progress, and the highest has reached above 3300 so far. I also notified the real-time students to enter the market and do more near 3255 during the Asian session, and directly gave the target position of 3300. At present, the target position of 3300 has been perfectly reached, and I also made a profit of more than 55 US dollars. From the current 4-hour chart: It can be found that gold is now completely above the trend line. The only suppression position above is currently around 3350. The support below is currently located at 3275-85. If gold does not retreat, then the upper side will directly test the suppression near 3350. On the contrary, if gold chooses to retreat next, then just focus on 3275-85. As long as gold retreats and stabilizes in the 3275-85 range, you can directly enter the market and go long. Continue to look at 3350 from above. If it breaks through and stabilizes above 3350 in the future, you will see the 3380-3420 range.
TVC:GOLDLong
by Yuliya1l11
Gold rises as a safe haven, how to plan the market outlook 📌 Gold Drivers Gold prices rose more than 2% on Monday, benefiting from a weaker dollar and safe-haven inflows as U.S. President Donald Trump's new tariffs reignited concerns about the impact of a global trade war. Spot gold rose by more than 2.3%, US gold futures rose by 2.4%, and the US dollar index fell by 0.4%. On Sunday, Trump wrote on his social platform Truth Social: "I authorize the Department of Commerce and the United States Trade Representative to immediately initiate procedures to impose a 100% tariff on all films produced abroad entering the United States. We want to make movies in the United States again!" But he did not specify how these tariffs will be implemented. 📊Comment analysis Gold prices continue to accumulate and have broken through 3330 points. It can be found that gold is now completely above the trend line. 💰Strategy package The only suppression position above is currently around 3350. The support below is currently at 3275-85. If gold does not retreat, then the upper side will directly test the suppression near 3350. On the contrary, if gold chooses to retreat next, then pay attention to 3275-85. As long as gold retreats and stabilizes in the 3275-85 range, you can directly enter the market to do more. Continue to look at 3350 above. If it breaks through and stabilizes above 3350 in the future, you will see the 3380-3420 range. ⭐️ 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
Gold bulls make a comeback The non-farm payrolls data released last Friday were unexpectedly strong. The seasonally adjusted non-farm payrolls in the United States increased by 177,000 in April, significantly higher than the expected 130,000, and the unemployment rate remained at 4.2%, in line with market expectations. After the data was released, the market's expectations for the Fed's interest rate cuts this year have cooled, and the number of interest rate cuts is expected to be close to four. Trump once again said that tariffs will bring billions of dollars in revenue, we are just in a transitional stage, and the Fed should lower interest rates. Last week, gold retreated to around 3200. Before the release of the non-farm payrolls data, gold once rebounded to around 3270. After the release of the non-farm payrolls data, gold once again fell back, once stepped back to around 3220, and finally closed at 3240. From the current point of view, the correction of gold has basically come to an end. If nothing unexpected happens next, it will slowly recover its losses and stand above the 3300 mark again. Here on the 4-hour chart: It can be clearly seen that gold has re-established itself above the trend line. If it was suppressed near 3270 last Friday, there would be no problem. But as time goes by, the suppression trend line is getting lower and lower. Now there is no need to pay attention to 3270 at all, because the trend has broken. Now if you still pay attention to 3270, it will be meaningless. From the 1-hour chart: From Friday's low of around 3220 to today's high of around 3270, you can see that around 3253 is exactly the support position of this trend. Therefore, the next operation is very simple. Just pay attention to 3255-50. As long as gold is still above this support before the European session, you can rely on 3255-50 to enter the market and do more. The first target is 3280, and the second is 3300.
TVC:GOLDLong
by Yuliya1l11
Gold Price Analysis May 2D1 frame confirms closing below the disputed zone showing the downtrend continues to extend in the following days The recovery in the Asian and European sessions can be a stepping stone for a decrease in the US session. Sellers are waiting for high price zones and old breakout zones to sell their goods. The 3271-3273 zone plays an important role in the bearish structure as long as this zone is held by the sellers, the possibility of a price increase is relatively low. The barrier in the Asian session around 3257 will be where we consider the trading strategy. If the European session breaks this zone, we can buy at the target of 3271-3273. If the US session does not break this zone, SELL breaks it, the downtrend structure is broken and holds the BUY order until 3299. The daily resistance zone will be 3312. When 3371 is not broken, SELL and this is a good Swing signal to 3200. The possibility of a strong sell-off after Nonfarm is also understandable. Strategy: If it does not break 3257 but falls, wait for the reaction at the border of 3243. When this zone is broken, the trend is broken, then we only SELL. If it increases from 3243, then maintain the above strategy with a better entry.
OANDA:XAUUSD
by TVS-Trader
It's time to short gold All reluctance to change comes from fear of the unknown. Many times, we can't do something, not because we can't do it, but because we don't dare. If you don't have the courage to face the strange world, don't complain that you can't find opportunities. Let go of the burden in your heart, everyone can be excellent! Gold, yesterday's US market was directly pulled up by the news, and it started to fall after reaching a high of around 3319. It continued to fall during the day and fell sharply after opening. The current low reached around 3221, and the decline was nearly 100 points. The daily line closed in the form of a medium-yin line, and continued to be suppressed by the short-term moving average. Today's sharp decline also directly broke through the previous bottom position of around 3265. This position is likely to form a top-bottom conversion pattern in the short term, and the key support below will likely be maintained at the 3200 line. Since this week is a non-agricultural week, the rapid decline in the morning is also beyond our expectations. Today's retracement and breakout also gave the market new expectations for the shorts. Therefore, the European session needs certain support for the shorts, and the key pressure above is maintained near 3265. This position is also an ideal point for continuing to arrange shorts in the short term. Once it breaks through again, the energy of the shorts may be exhausted in advance. Therefore, our overall thinking during the day is still around the shorts, but we need to wait patiently for it to rebound and continue to arrange. If gold rebounds near 3260-62 during the day, short it, the target is around 3230-10, and the loss is 3271. If the European session continues to fall and break, try to go long near 3190-88 in the US session, and the loss is 3280. Today's operation: Gold rebounds near 3260-62 during the day and shorts it, the target is around 3230-10, and the loss is 3270. Thank you for the support of all traders. If you have any suggestions, please let me know
FXOPEN:XAUUSDShort
by Yuliya1l11