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Goldminers

Gold Market analysis and short-term forecastsIn the early Asian session on Thursday, gold fluctuated in a narrow range, and the current price is around 2943. After setting a new record on Wednesday, it fell back. Although US President Trump's latest tariff threat made investors nervous, the US dollar continued to rebound, prompting some longs to take profits. The minutes of the Federal Reserve meeting showed that the potential impact of Trump's policies has caused the Federal Reserve to worry about rising inflation. Policymakers generally believe that changes in trade policies, immigration policies and geopolitical risks may push up inflation, and companies generally said that they will pass on the cost of import tariffs by raising prices. This uncertainty makes it less likely that the Federal Reserve will cut interest rates in the short term. More importantly, Trump asked "dictator" Zelensky to act quickly to ensure peace, otherwise there will be no country to govern. The Kremlin said that Putin and Trump may meet before the end of February. Concerns about the geopolitical situation have cooled down, suppressing the safe-haven buying demand for international gold investment! On this trading day, we need to continue to pay attention to Trump's dynamic news and news related to the situation between Russia and Ukraine. In addition, the number of initial jobless claims in the United States for the week ending February 15 will be released. Chicago Fed President Goolsbee, St. Louis Fed President Musallem and Fed Governor Kugler will give speeches, which gold investors need to pay attention to. Gold prices have a very good upside as expected, and broke through the high point of 2942 that has not been reached many times in the previous period. The NY market fell and rebounded strongly to close above 2930, forming a wide range of fluctuations at the high of 2918/2946. The current highest gold is around 2947. Although there was a slight decline in the US market yesterday, it has been repaired at the opening today. Therefore, the basic principle is temporarily maintained, and the rise will not guess the top. At present, gold is in a slow rise. Judging from the current trend, the bull market pattern has not been destroyed. From the technical point of view, after the rise in the first three trading days of this week, the daily line has been above the 5-day and 10-day moving averages, forming an absolute strength. In the short cycle, if there is an effective adjustment today, you can continue to go long if the trend is maintained. Today's trading callback mainly participates in the trend of low-long, and the high-altitude layout is coordinated! Starting this week, the gold price remained above $2,900 per ounce, but the relative strength index (RSI) showed that it was in the overbought area. The gold daily K-line closed higher continuously, and the weekly line was also controlled by the physical K-line. The resistance seen above was only the upper rail of the 4-hour Bollinger band at 2948, and the upper rail of the monthly Bollinger band at 2960. The upper rail of the daily Bollinger band even extended upward to 2975! The daily line maintained a unilateral rise, and the MA5-MA10 moving average maintained a golden cross upward; the weekly line was a strong pattern of seven consecutive rises, strongly opening the upper rail space of the Bollinger band, and the bullish sentiment was high. Then the intraday situation is strong, and the operation still maintains a bullish idea of ​​callback. Key points: First support: 2926, second support: 2910, third support: 2903 First resistance: 2948, second resistance: 2956, third resistance: 2968 Operation ideas: BUY: 2923-2926, SL: 2915, TP2950-2960; SELL: 2956-2959, SL: 2968, TP: 2940-2930;
OANDA:XAUUSDLong
by Jun-GoldAnalyst
GDX - Gold Miners ETF: Inverse Head & shouldersGold prices have surged to unprecedented levels in light of recent trade policy changes. The announcement by US President Donald Trump regarding a new 25% tariff on essential imports such as cars, semiconductors, and pharmaceuticals has created a wave of uncertainty among investors. This risk-off sentiment has driven many to seek refuge in safe-haven assets like gold. Nevertheless, this upward momentum may encounter challenges if a trade agreement with China comes to fruition. A successful deal could alleviate global trade tensions, leading to a decrease in gold demand and possibly resulting in selling pressure. However sustained high bullion prices could prove to be a significant advantage for gold miners. The GDX ETF is showing a persistent inverse head and shoulders pattern, indicating potential for further gains.
AMEX:GDXLong
by BallaJi
XAUUSD: 19/2Gold technical analysis Daily resistance 2950-3000, support below 2852 Four-hour resistance 2950, ​​support below 2896 Gold operation suggestions: Gold stabilized at 2890 yesterday and ushered in a strong unilateral rise. The Asian and European sessions slightly retreated and stabilized at 2892 and quickly bottomed out and rebounded. The European session continued to break through the 2907 mark and continued to be strong. The US bulls further raised their heads and stood on the 2920 mark and accelerated to break through 2936 and closed strongly at almost the highest point of the day. From the current 4-hour trend, the support below is around 2869, and the short-term pressure above is around 2950. Overall, rely on this range to keep selling high and buying low. Patiently wait for key points to enter the market BUY:2930near SL:2925 BUY:2920near SL:2915
TVC:GOLDLong
by ActuaryJ
The negotiations are only to expand the unstable situation.The gold price hit 2940 and the momentum was insufficient. After that, it fell back to 2937 in the short term, but did not continue to expand the decline, but rebounded quickly to around 2940. According to the small-level chart, the gold price can continue to rise in the short term. The purpose of the news talks is not to negotiate, but to further expand the unstable situation, so the gold price is expected to continue to rise. Target 2950.
OANDA:XAUUSDLong
by JAKE_T0
90% of traders struggle in the GOLD market, are you the same?From the current 4-hour trend, the support point below is 2905-2908. The short-term pressure level above is around 2940-2943, and the overall support is in this range. The rhythm of high-altitude low-multiple cycles is maintained, but David believes that GOLD will break through the short-term pressure level. In the middle position, keep more watching and less action, and be cautious in chasing orders, and wait patiently for key points to enter the market. BUY:2927 TP:2940-2950 SL:2894 OANDA:XAUUSD TFEX:GO1!
TVC:GOLDLong
by David_financial_analyst
XAUUSD: Continue to buy, how to determine the timing?Buy xauusd for eight consecutive days to make huge profits. Did you follow it? With the start of the trilateral talks, the price of gold quickly fell back to 2924 after reaching the highest position of 2939, and then rebounded to 2928 again. Is there no more opportunity to go long? Will the peace talks be successfully carried out? I don’t think so. After all, the leaders of the two countries are not "giving up territory for applause." So the opportunity to go long still exists. The short-term trend is still in the stage of callback and long. The technical side still relies on the trend support of SMA20 for trading. At present, the development trend of SMA is good. The precise trading points have been updated in the old place. Friends who are interested should remember to click and check it for reference.
TVC:GOLDLong
by JAKE_T0
1
XAUUSD: Short-term strategyGold's daily surge hit the previous high again. After the previous M-top was formed, it retreated and tested the MA10-day moving average at 2877, then stopped at the 7/10-day moving average and continued to open upward. The RSI indicator continued to run above the high of 70, and the daily price structure was running in the bullish trend channel! The short-term four-hour chart shows that after the price rose again above the 2900 mark, the MA10/7-day moving average formed a golden cross and opened upward and gradually moved up to 2917/23. The price is running in the upper and middle rail channels of the hourly and four-hour Bollinger bands. Today's trading idea is to buy at a low price during the intraday correction, and then consider selling at a high price. At present, gold is in a slow rise. Judging from the current trend, the bull market pattern has not been destroyed. The daily line maintains a unilateral rise, and the MA5-MA10 moving average maintains a golden cross upward; the weekly line has risen for 7 consecutive weeks, strongly opening the upper rail space of the Bollinger band, and the bullish sentiment is high. Since the key point of 2906 has been successfully broken through and stabilized yesterday, the intraday situation is strong, and the operation still maintains a bullish idea of ​​callback! From the technical form of the small cycle, the support level is near 2913. It is worth noting that the 1-hour gold price broke through the position of 2913 after the bottom shock and sideways trading. Since 2877, the low point has been continuously raised and the high point has broken upward. As long as the bulls do not lose the support point of 2913 today, the upward direction will not change. Unless the position of 2913 is lost again in the future market, they will consider participating in selling. The bulls pay attention to the pressure of 2940-42. Key points: First support: 2928, second support: 2920, third support: 2913 First resistance: 2942, second resistance: 2948, third resistance: 2956 Operation ideas: BUY: 2913-2915, SL: 2904, TP: 2930-2940; SELL: 2948-2950, ​​SL: 2959, TP: 2930-2920;
OANDA:XAUUSDLong
by Jun-GoldAnalyst
Shocking GOLD newsSome people burn all their assets in just one month, while others can accurately buy at the bottom and reap multiple profits. In the last issue, those who followed my advice to short at 2915 have already made a profit. This time, I will give you an accurate analysis. The current gold price is around 2927. It is difficult to break through the pressure level of 2940. Combining technical indicators and trend lines, it is difficult for the gold price to rise in the short term. If you are more worried about when the gold price will fall? David recommends that all traders short. SELL:2927 SL:2950 TP:2900 TFEX:GO1! OANDA:XAUUSD
TVC:GOLDShort
by David_financial_analyst
Shocking comprehensive analysis of GOLDDear traders: The current gold price is $2920.34/ounce, and the short-term support level is in the $2880/ounce-$2850/ounce area. If it falls below $2850/ounce, it may trigger a change in the situation. The current resistance level is $2940/ounce. After breaking through, there is a great hope to move towards the $3000/ounce mark Market dynamics: Global trade tensions still exist, such as US President Trump's threat to impose tariffs on cars on April 2, and the hope of peace talks in the Russian-Ukrainian conflict is still uncertain. The continued geopolitical uncertainty supports the demand for gold as a safe-haven asset. The market has high expectations for the Fed's interest rate cuts. Traders expect that interest rates may be cut in September or October, which has enhanced the attractiveness of gold, but the hawkish remarks of Fed officials such as Michel, Bowman, Kritosfo, Waller, etc. have limited the rise of gold. If you agree with my analysis, please continue to pay attention. I will share my views for free later-(David) If you don't know when to trade, you can continue to pay attention TFEX:GO1! OANDA:XAUUSD
TVC:GOLDLong
by David_financial_analyst
Comprehensive analysis of the heavyweight GOLD (exclusive)Dear traders As of now, the gold price is 2909.97/ounce, with an increase or decrease of 0.37%, a high of 2915.26, and a low of 2891.4. technical analysis There was a big drop last Friday, and the decline continued on Monday to close positive. Today's opening price is between the short-term moving averages MA5 and MA10. First, pay attention to the support level of last Friday near 2877, and then the low point of 2864 near the rebound last Wednesday. Pay attention to yesterday’s rebound high resistance level of 2906-2908, and above it is the 2916 pressure level. Factor analysis: 1. There is still uncertainty in the conflict between Russia and Ukraine. Although there is news of negotiations, the situation is not completely clear. As long as the conflict is not completely resolved, it may trigger risk aversion in the market at any time, leading to an increase in gold prices. 2. The United States faces the dual pressure of high debt and high interest rates, which affects the credit of the US dollar, leading to the continuous purchase of gold by central banks around the world, which will provide strong support for gold prices in the long run. 3. The Fed is expected to enter a rate cut cycle, which resonates with the purchase of funds and pushes up the price of gold. 4. From the perspective of demand, the trend of global central banks buying gold has been extended. In 2024, the demand for gold from central banks of various countries reached 1,044.6 tons. It is expected that global gold reserves will continue to increase in the next 12 months. The growth in demand has room for gold prices to rise. If you agree with my analysis, please keep paying attention. I will share my views for free later. (David) OANDA:XAUUSD TFEX:GO1!
TVC:GOLDLong
by David_financial_analyst
David's analysis of the latest trend in international goldHello everyone The current real-time gold price is $2902.77/ounce, with an increase or decrease of 23.4 and an increase or decrease of 0.81% According to market surveys, 71% of analysts predict that the price of gold will continue to rise this week, 14% of analysts predict that it will fall, and 15% of analysts believe that the price of gold will remain stable, but gold has continued to rise over the past seven weeks, and David predicts that it will continue to rise. Analysis factors: The uncertainty of the Trump administration's policies, such as tariff increases and geopolitical conflicts, will promote safe-haven demand and support gold. In addition, the Fed's interest rate cut expectations coexist with inflation risks. If the US fiscal expansion exacerbates inflation, the opportunity cost of holding gold will be significantly reduced, which is conducive to the rise in gold prices GOLD real-time trading opportunities, the current support below is around 2881-2885, and the upper pressure is around 2915-2920. If it breaks through $2900, you can add more positions If you agree with my analysis, please continue to pay attention, and I will share my views for free later-(David) TFEX:GO1! OANDA:XAUUSD
TVC:GOLDLong
by David_financial_analyst
Big news: "Comprehensive analysis of international gold trends" Since 2025, the price of gold has risen several times. In the first week of 2025, it rose to around US$2,800, and broke through US$2,900 on February 10. However, it fluctuated sharply on February 15, with XAUUSD falling 1.76% in a single day. As of February 16, the price of gold remained at US$2,882.085 per ounce. Analysis of the reasons for the impact: Economy and policy: The Fed's interest rate cut is uncertain. Although the interest rate remains unchanged in March, it is relatively high, but the market expects a possible interest rate cut, and the lower actual interest rate supports the attractiveness of gold. Including the expansion of U.S. government debt and measures to freeze the assets of other countries, resulting in damage to the credibility of the U.S. dollar. Geopolitics: The situation in the Middle East is tense, the conflict between Russia and Ukraine continues, and the trade confrontation that may be triggered by the US tariff policy has further amplified the market's demand for safe havens. Gold, as a relatively traditional safe haven asset, has become a "safe haven" for funds. Other banking policies; currently the world's major banks, such as the European Bank and the Bank of England, have started an interest rate cut cycle, and the relatively loose market flow environment has provided underlying support for gold prices. If you agree with my analysis, please stay tuned and I will share my views for free in the future - (David).👈👈👈👈👈👈 OANDA:XAUUSD OANDA:XAUUSD
TVC:GOLD
by David_financial_analyst
Next GOLD situation analysisDear traders; The market is changing rapidly, and following the trend is the way to go. When trading, remember not to act on impulse. I believe many traders have deeply experienced that the more you want to make money, the more rational you need to be. When the floating loss continues to increase, you can't eat or sleep well, and you miss a lot of opportunities in vain. When you have these troubles, you might as well follow my pace to change a trading method, which will definitely make you suddenly enlightened. If you need help, I will always be here GOLD closed with a long upper shadow this week. Technically, there is a need to fall back, so it fell back many times this week. The weekly support is near 2856. If it breaks down effectively, there is a probability of going to 2830. If it does not break, it will temporarily fluctuate at a high level, and then choose the direction with the help of major data. The daily line quickly fell after failing to break the new high twice yesterday, and then fell sharply to the 2876 line, and finally closed down. GOLD fell below 2900 and fluctuated, which is also in line with the technical correction, so there is no need to panic. The bullish trend has not changed. Although GOLD has experienced a correction this time, David believes that GOLD will inevitably rise after the next cycle. After all, the strong support of the current market is a major factor in driving GOLD upward. Keep paying attention to the subsequent sharing of views
TVC:GOLD
by David_financial_analyst
News affecting gold prices News: U.S. officials revealed that the Trump administration has proposed to Ukraine that the United States should obtain 50% ownership of Ukrainian rare earth mines, and said that if a peace agreement is reached with Russia, the United States is willing to deploy U.S. troops in Ukraine. To hedge against geopolitical and economic instability, it is currently believed that the gold market is pricing in increased policy tensions, and gold prices are expected to continue to rise next week. Viewpoint: Hedge against geopolitical and economic instability, and the next trading cycle will show an upward trend. Keep paying attention to the subsequent sharing of views
TVC:GOLDLong
by David_financial_analyst
There are opportunities for short-term buying and selling todayGold continues to rise on the daily chart, and bulls increase their volume! The structure remains intact, and the moving average and K-line remain in a bullish arrangement. At present, the price of the daily chart continues to move up from the high point of the MA5-day moving average, and the MA10/7-day moving average keeps opening and moves up to 2880/2898. The price continues to extend to the upper track of the Bollinger Band. The RSI indicator daily chart is close to 80 again. It should be noted on Friday that when the gold price hits a new record high again, the indicator signal may be overbought. On the weekly chart, the gold price has risen for 8 consecutive weeks. The short-term four-hour moving average also keeps opening upward, and the price moves up from the MA7-day moving average. The moving average keeps opening upward, and the price is running in the upper track of the hourly chart and the four-hour chart Bollinger Band channel. The trading idea on Friday is still mainly to pull back low and long, and then go short after the historical high or previous high key resistance test in the European and American markets. Yesterday, gold fluctuated downward in the Asian and European sessions. The price in the NY market fell to 2864 and then started to counterattack. As of today, it has risen to 2932. Judging from yesterday's trend, the first half of the session was running well, and the NY market made a desperate counterattack. At the same time, today's rebound high exceeded our expectations. From the current market, the daily chart has signs of V. Yesterday's bottoming and rebounding directly limited the range of today's adjustment! Gold is now under pressure at the top of the entity in the previous 4 hours, and gold has begun to stagnate. From the trend chart, the oscillating upward trend has not changed. If gold cannot go up in 1 hour, then gold may still form a double top structure. Before gold breaks through strongly, gold is currently blocked at a high level and falls back. Even if you go long, you must wait patiently for opportunities after the decline, and don't chase more at the top. So from a strategic point of view, both long and short positions have opportunities! Key points: First support: 2922, second support: 2915, third support: 2902 First resistance: 2938, second resistance: 2948, third resistance: 2957 Operation ideas: BUY: 2913-2915, SL: 2904, TP: 2930-2940; SELL: 2958-2960, SL: 2969, TP: 2930-2920;
OANDA:XAUUSDLong
by Jun-GoldAnalyst
XAUUSD: February 14 short-term bullish, long-term target 3000Gold technical analysis Daily resistance 2950, ​​support below 2852 Four-hour resistance 2950, ​​support below 2896 Gold operation suggestions: Gold bottomed out and rebounded strongly to break a new high in the shock yesterday. The price of the Asian and European sessions was under pressure and fell back to the 2922 mark and then fluctuated repeatedly. The US session fell and stabilized for the second time at the 2906 mark and ushered in a strong rebound to break a new high. The gold price stood firmly above 2925 and continued the bullish strength. Today, the gold price hit the 2930 mark again at the opening of the Asian session. The short-term gold price experienced a slight adjustment and returned to the bullish strong range. From the 4-hour analysis chart, today's support below is around 2900-2896, and the pressure above is around 2940-45. Rely on this range to wait for low-price buying during the day. The target is 2950 and then look at the 3000 mark. The short-term bullish strong dividing line is 2896. The daily level stabilizes above this position and continues to buy at a low price. BUY:2896near SL:2893 BUY:2910near SL:2906 BUY:2943near SL:2940 The strategy only provides trading directions.
TVC:GOLDLong
by ActuaryJ
2
XAUUSD: Short-term strategy on February 13Technical analysis of spot gold Daily resistance 2950, ​​support below 2852 Four-hour resistance 2950, ​​support below 2896 The previous suggestion to buy at 2910 has risen to 2918. Gold operation suggestions: Yesterday, gold fluctuated downward in the Asian and European sessions. During the CPI period, the price fell to 2864 and then started to counterattack. As of today, the highest point has risen to 2922. Judging from yesterday's trend, the first half of the market was running well, and a deep V rebound occurred in the NY market. From the current market, the daily chart shows signs of a V-shaped pattern. Yesterday's bottoming and rebounding directly limited the range of today's adjustment, so today is still a shock, and it is expected that the bottoming and rebound will hit the second highest point. At present, from the perspective of gold in the 4-hour period, today's support below continues to focus on the vicinity of 2896-2900. If it falls back during the day, it will continue to look up and continue to rebound. The upper short-term resistance is 2928-35. Buy at a low price based on this range during the day and wait patiently for key points to enter the market. NY Market Strategy BUY:2900near
TVC:GOLDLong
by ActuaryJ
1
Gold price stabilizes at 2900, will test historical highs againGold rose sharply to 2909 in the late trading, breaking through the 2900 mark and closing stable. The daily line rebounded and closed. Gold returned to the long structure channel. After the daily line pulled back to the MA5/7-day moving average, the NY market closing price stood above the 2900 mark again. The moving average still remained open upward, and the price ran along the middle and upper track of the Bollinger Band channel! In the short-term four-hour chart, gold retreated and tested the lower track of the Bollinger Band at 2865/63, forming a V-shaped reversal. With the reversal of the price, the MA10/7-day moving average re-formed a golden cross and the price closed above the middle track of the Bollinger Band at 2897. The RSI indicator retreated to the 50 value of the middle axis and then stabilized and turned upward! The hourly moving average opened upward and the price extended the MA10-day moving average upward. In intraday trading, the main thing is to buy at low prices during callbacks, and secondly, consider selling at high prices! The overall rhythm is to buy at low prices during intraday pullbacks, and then sell after the European and American markets hit the key resistance level or historical high! Last night's CPI data still failed to play a key role in the gold market. Under the premise of a big negative, gold only fell rapidly and then pulled back. The market volatility caused by the data did not continue! Although the CPI data is negative, the price of gold has bottomed out and rebounded by more than 30 US dollars. Bulls still hold on to the key position. On the market, gold looks more like it has rebounded after the last wave of bottoming! In the short term, the bulls are still quite strong! The current price is still above the short-term moving average, and there is no condition for the top. In the short term, gold is just adjusting and has not broken down. It will naturally continue to rise after the adjustment. This clarifies the direction of our future layout. In the later stage, we will continue to buy when the opportunity arises. The lower point is still focused on the 2886 point. There are many false breakthroughs in the market recently. Conservative operation points can be selected near 2880! Key points: First support: 2893, second support: 2886, third support: 2876 First resistance: 2916, second resistance: 2923, third resistance: 2936 Operation ideas: BUY: 2886-2889, SL: 2878, TP: 2910-2920; SELL: 2925-2928, SL: 2937, TP: 2910-2900;
OANDA:XAUUSDLong
by Jun-GoldAnalyst
GOLD WEEKLY CHART MID/LONG RANGE ROUTE MAP UPDATEDWeekly GOLD Analysis: February 2024 Hello Traders, Here’s a weekly chart analysis of the GOLD, offering a comprehensive view of recent market trends and future predictions. Our diligent tracking since October 2023 has consistently delivered 100% target accuracy, as evidenced by the marked Golden Circle areas on the charts. Let’s dive into the highlights and what lies ahead. Recap of Recent Successes Weekly Chart Highlights: Last week, the market flawlessly followed our predictions: * Key Level 2735 ✅ DONE * Entry Level 2735.88 ✅ DONE * EMA5: Crossed and locked above Entry ✅ 2735 DONE * Bullish Target TP1: 2877 ✅ DONE * The FVG zone around 2735 sustained bullish momentum, while resistance was broken, leading to a new all-time high of 2886. What’s Next for GOLD? Bullish or Bearish? We anticipate continued bullish momentum with updated GOLDTURN levels and refined targets. Key Level: 2735 remains critical. EMA5 Behavior: * If EMA5 holds above 2735 and crosses/locks above TP1 (2877), the next target is TP2 (3018), followed by TP3 (3160). * A failure to hold above 2735 could indicate bearish momentum, prices will be retesting support at 2595 in the demand zone. Recommendations & Strategy: * Focus on EMA5: Its behavior near 2735 and TP1 will provide clear direction for short- and long-term trades. * Support Levels: GOLDTURN levels at 2735 and 2595 are critical for identifying reversal zones and optimal dip-buying opportunities. * For precise entry and exit points, review our daily, 12H, 4H, and 1H analyses to navigate the market confidently. * Slight pullbacks may occur, with potential reversals near GOLDTURN levels. * Long-Term Outlook: The monthly chart suggests sustained bullish momentum, offering excellent opportunities for dip-buying near key support zones. Stay Updated: We’ll continue to share daily updates, insights, and strategies on our TradingView channel and YouTube channel every Sunday. Don’t forget to like, comment, and share to support our work and help others benefit! The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
Gold is skyrocketing, tall buildings can collapse at any timeGold continues to maintain a bullish trend, and the structure is intact. The daily line hit a record high again at the beginning of the week, and the daily line rose sharply and closed. The MA10/7-day moving average continued to open and moved up to 2842/2867. The price continued to run along the upper track of the Bollinger Band. The RSI indicator has reached a high of 80 values. It is necessary to pay attention to the overbought indicators after a large increase. The short-term four-hour chart formed three bullish sprints on Monday. The price continued to run along the upper track of the Bollinger Band. The MA10/7-day moving average continued to open upward and continued to maintain a bullish structure. The price continued to run in the trend, and the callback followed the trend and participated in low-long! Since the opening of the Asian session gold price, gold has almost been in this continuous upward trend pattern during the day, without too much retracement, and every retracement is an opportunity to go long! We can't wait for a larger retracement. Gold is strong and the trend is difficult to change. Continue to be bullish! Gold prices fell today and continued to go long near 2900! Seeing yesterday's market, I feel helpless, because the market has formed inertia and is becoming more and more irrational. Everyone is rushing into the market to buy gold, pushing up the price of gold. Is this really a correct trading behavior? I dare not say anything else. From my own point of view, the risk of the gold market has become greater and greater, and the fear conveyed by the market has become stronger and stronger. In addition, gold has risen directly without a correction, and the highest rise has fallen to 2930! In addition, the inflow of funds and the recovery of positions in gold ETFs indicate the structural growth of investment demand. It directly ignited market sentiment. From the hourly chart, it still maintains a good upward trend, with the previous high and low rising together, and bulls are still the main tone. Therefore, it is prudent to wait patiently for the price to fall back to the low level and play with the trend. Key points: First support: 2919, second support: 2907, third support: 2898 First resistance: 2938, second resistance: 2956, third resistance: 2973 Operation ideas: BUY: 2905-2907, SL: 2896, TP: 2940-2950; SELL: 2953-2956, SL: 2965, TP: 2930-2920;
OANDA:XAUUSD
by Jun-GoldAnalyst
GOLD 12H CHART ROUTE MAP ANALYSIS FOR THE WEEK12H GOLD Chart: Updated Analysis and Strategic Outlook (10the Feb 2024) Hello Traders, Here’s the latest 12H GOLD chart update, featuring a detailed review of recent movements and actionable insights for the upcoming market sessions. Our diligent tracking since October 2023 has consistently delivered 100% target accuracy, as evidenced by the marked Golden Circle areas on the charts. Let’s dive into the highlights and what lies ahead. Previous Chart Review * Entry Level 2814: ✅ DONE * TP1 2858: ✅ DONE * The price broke above the resistance level 2858 and reached a new ATH at 2886 last week. * EMA5 held above 2858, which fueled the strong bullish push during Friday’s NFP release. What’s Next for GOLD? Bullish or Bearish? The price is currently consolidating around 2858, with EMA5 playing a crucial role in determining the next trajectory. Resistance Levels: 2903, 2948, 2993 Support Levels (Activated GOLDTURN Levels): 2813 (Critical Weighted Level) 2770 (Critical Weighted Level) 2710 (Critical Weighted Level) 2664 (Major Support Level) 2599 (Lower Major Demand Zone and Retracement Range) EMA5 Behavior (Red Line): * Currently sitting below TP1 (2858) but indicating sustained bullish momentum. * EMA5’s crossing and locking above or below key levels will signal the next move: Bullish Scenarios: Scenario 1: If EMA5 crosses and locks above TP1 (2858), expect a bullish rally toward 2903. Scenario 2: If EMA5 crosses and locks above TP2 (2903), the next target is 2948. Scenario 3: A further cross and lock above 2948 could drive the price to 2993. Bearish Scenarios: If EMA5 fails to sustain above TP1 (2858) and resistance levels hold, expect a pullback toward support zones: Scenario 1: A cross and lock below Entry (2813) could lead to a decline toward 2770. Scenario 2: A further drop below 2770 may target 2710 as the next support level. Scenario 3: Continued bearish momentum could push the price toward 2664 and, ultimately, 2599 (Retracement Range). Short-Term Strategy: Anticipate possible reversals at weighted GOLDTURN levels 2813 and 2770. Leverage 1H and 4H timeframes to capture pullbacks around these levels. Target 30–40 pips per trade, focusing on shorter positions for effective risk management. GOLDTURN levels provide reliable bounce opportunities, allowing you to buy at dip levels. Long-Term Outlook: Maintain a bullish bias while using pullbacks as buying opportunities. Buying near key support levels ensures better entry points and mitigates risks, avoiding the pitfalls of chasing tops. Final Thoughts: Trade with precision, discipline, and confidence. Our accurate, multi-timeframe analysis equips you to navigate the market effectively. Stay updated with daily insights to remain ahead of market trends. We appreciate your support! Don’t forget to like, comment, and share this post to help others benefit. Best regards, 📉💰 The Quantum Trading Mastery Team
FXOPEN:XAUUSDLong
by TheQUANTUMTraders