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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Please see update on our 4h chart after smashing levels on our 1h chart idea. This chart idea is playing out perfectly!!! We got our 2890 and 2928 Bullish target hit. This followed with ema5 lock opening the range above upto 2959. We got the move up after the lock for over 200 pips but just short of the full gap. As long as we have no lock below 2928, we are good to buy dips into this range for now. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2890 - DONE 2928 - DONE EMA5 CROSS AND LOCK ABOVE 2928 WILL OPEN THE FOLLOWING BULLISH TARGET 2959 EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET 2992 EMA5 CROSS AND LOCK ABOVE 2992 WILL OPEN THE FOLLOWING BULLISH TARGET 3024 BEARISH TARGETS EMA5 CROSS AND LOCK BELOW 2890 WILL OPEN THE FOLLOWING BEARISH TARGET 2857 EMA5 CROSS AND LOCK BELOW 2857 WILL OPEN THE RETRACEMENT RANGE 2813 - 2785 EMA5 CROSS AND LOCK BELOW 2785 WILL OPEN THE SWING RANGE SWING RANGE 2744 - 2713 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
11
Gold’s Bull Trap? Major Reversal Incoming!As I expected in yesterday's post , Gold ( OANDA:XAUUSD ) started to rise from the Support zone($2,919-$2,905) and bounced exactly on my hypothesized lines , and I hope you were able to profit. Gold failed to break the Resistance zone($2,948-$2,940) . And it appears to have created a Bull Trap . In terms of the Elliott wave theory , Gold seems to have completed the main wave 5 , and one of the signs for me was the Bull Trap . I expect Gold to fall to at least the Support zone($2,919-$2,905) after breaking the Uptrend lines . ( Next targets are also possible ). Note: If Gold can go over the Resistance zone, we can expect more pumps. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 30-minute time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
3
Gold's Crucial Test: Break Below $2930 for a Bearish Shift? hello guys! as I published before: the downward movement didn't happen as I expected! in return the top line of pattern breakout! if this candle close lower than $2930.24 area then this scenario will happen! 1-Triangle Formation with Key Level at $2930.24 Gold is consolidating within a triangle pattern, with the top line acting as resistance and the bottom line as support. $2930.24 is the key level to watch. If the price closes below this level, it could signal a breakdown from the triangle. 2-Support Areas to Watch: If the breakdown happens, the first support area near $2923 will be tested. A further drop could lead to the next support area around $2899. 3-Bearish Scenario: A close below $2930.24 would suggest a shift in momentum, likely leading to a deeper correction and testing the support levels below. Conclusion: If Gold fails to hold above $2930.24, expect a bearish move with the potential for further declines to $2899. Watch this level closely for confirmation!
OANDA:XAUUSD
by melikatrader94
5
Gold XAUUSD Intra-day Move 21.02.2025Gold (XAU/USD) 30-Minute Chart - Intraday Trading Analysis & Signal 📊 Market Structure & Key Levels: Uptrend in Play: Gold has been respecting an ascending trendline since $2,880, indicating continued bullish sentiment. Current Support Zone: $2,923 - $2,925, aligning with multiple trendlines and horizontal support. Resistance Levels to Watch: $2,950 - $2,955 (first resistance zone) $2,970 - $2,975 (major resistance and target) Breakdown Scenario: If gold fails to hold $2,923, we could see a drop toward $2,905 - $2,898. 📈 Intraday Trading Signal for XAU/USD: ✅ Buy Entry: $2,923 - $2,925 (If price holds this support zone and shows bullish reaction) 🎯 Take Profit (TP1): $2,950 🎯 Take Profit (TP2): $2,970 🛑 Stop Loss (SL): Below $2,915 📌 Alternative Scenario (Sell Setup) ❌ Sell Entry: Below $2,922 (If price breaks below support and trendline) 🎯 Take Profit (TP1): $2,905 🎯 Take Profit (TP2): $2,898 🛑 Stop Loss (SL): Above $2,935 🕵 Confirmation Checklist Before Entering Trade: ✅ Bullish Rejection from $2,923 - $2,925 for Buy ✅ Bearish Breakdown Below $2,922 for Sell ✅ Volume Surge in Direction of Trade ✅ DXY (Dollar Index) Weakness for Bullish Gold ⚠ Risk Management & Trade Tips: Move SL to breakeven after TP1 is hit. If price closes below $2,922, invalidate buy trade and switch to short setup. Monitor news events impacting USD for volatility. 🚀 Trade with discipline, and let the market confirm the move! 🔥 FOLLOW, COMMENT AND LIKE.
OANDA:XAUUSD
by Quinn901
Gold price analysis February 19⭐️Fundamental Analysis Gold prices rose again due to concerns about new tariffs from former US President Donald Trump and the deadlock in negotiations between the US and Russia. Trump announced that he would impose tariffs of 25% or more on pharmaceuticals, semiconductors and automobiles, putting great pressure on European and Asian economies. This raised concerns about supply chain disruptions and global inflation. In addition, the negotiations between the US and Russia did not progress, causing investors to seek safe assets such as gold and USD. However, the market is still cautiously waiting for the Fed's meeting minutes, because if the Fed maintains its stance of curbing inflation, gold prices may be restrained. ⭐️Technical Analysis Gold prices reacted around the old peak around 2940, proving that buyers are not strong enough to push prices to create a new ATH and need a more suitable price. There are two price levels 2916-1914 and 2906-2904 which are the areas where the Buyers are very interested in jumping into the market. The price range 2924-2934 is considered as this Asia-Europe range for breakout signals when there are signs of crossing.
OANDA:XAUUSD
by TVS-Trader
3
Gold continues to hit new highs and is approaching 3,000!Market news: In the early Asian session on Friday (February 21), spot gold fluctuated in a narrow range and is currently trading around $2,945/ounce. London gold prices hit a record high again on Thursday, reaching a high of $2,955/ounce, the tenth record high so far this year, due to concerns that US President Trump's tariff threats would trigger a global trade war, which stimulated the safe-haven demand for gold investment. The decline in the US dollar and US Treasury yields also provided international gold prices with opportunities to rise.US President Trump's tariff negotiations continue to panic the market, and investors have turned to gold, a traditional means of storing value. International gold still faces upside risks brought about by Trump's tariff uncertainty and market tensions. The market is also paying attention to geopolitical developments. Trump condemned Ukrainian President Zelensky as an "unelected dictator" on Wednesday. The market generally believes that the intensification of global geopolitical and trade tensions will continue to drive the upward trend of gold prices. Although technically, the price of gold is close to the overbought area, the bullish forces still dominate, and the upward momentum of gold in the short term is still strong. The market's focus is also on whether the price of gold can break through the $3,000/ounce mark in the near future. In fact, the rise in gold prices this year is expected to be more dramatic than in 2024, and price volatility will be more significant. Looking back at 2024, the rise in gold prices was mainly driven by market concerns about the U.S. debt crisis and geopolitical risks. In 2025, with the introduction and intervention of a series of new policies in the United States, the emergence of many problems such as the Federal Reserve facing an audit for the first time in 112 years and whether there is a deficit in the gold vault will further aggravate the uncertainty of market sentiment, which will undoubtedly provide a strong driving force for the rise in gold prices. The February manufacturing PMI data of European and American countries and the annualized total number of existing home sales in the United States in January will also be released on this trading day, and investors need to pay attention to them. In addition, it is necessary to continue to pay attention to Trump's dynamic news and speeches by Federal Reserve officials. Technical Review: Gold price continued to close in a wide range of fluctuations. After hitting a record high of 2955, the US market was washed down to 2924, but the closing above the 2940 mark was not a very weak trend. On Friday, we need to pay special attention to the phenomenon of profit-taking, such as the waterfall trend of the US market last Friday. Intraday trading still waits for a callback, but don't chase it, be careful not to hit the ceiling!     The four-hour gold line is still in a long form. The overnight gold price fell back to the position of the moving average, from 2955 to around 2924. There is still mutual attraction between the moving average and the gold price. At present, the K line is still stabilizing above the moving average, and the moving average is still pointing to the northeast. This is obvious. There is no sign of a downward turn. Intraday trading is based on the 20 US dollar range above and below the 2940 central axis to participate in high-altitude low-multiple layout. Today’s interpretation: The strong upward trend has not stopped, and the gold price has hit a new high. The continuous high of gold has also confirmed the energy and market tendency of the bulls. Even if the market is very strong, it is not recommended to chase the long position. The more it falls back, the greater the probability of being trapped can be avoided! After gold hit a new historical high, some bulls took profits, so there was a wave of correction, but this correction is expected to be limited, so it is not suitable to chase the short position. Short positions can be quickly entered and exited with profits! When the current market structure moving average supports the rise, the short-term moving average support of the market that falls back and adjusts is temporarily pierced. The focus is still on the long-term moving average support level of 2920 and yesterday’s low of 2924. If the market continues to adjust but does not fall below 2920, it will still remain bullish! Our goal for this round is to continue to hit a new high! Operation ideas: Short-term gold 2927-2930 long, stop loss 2918, target 2960-2970; Short-term gold 2967-2970 short, stop loss 2978, target 2940-2930; Key points: First support level: 2930, second support level: 2923, third support level: 2913 First resistance level: 2950, ​​second resistance level: 2958, third resistance level: 2968
OANDA:XAUUSDLong
by Crazytrader00011
GOLD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ Gold traders SMC trading point update you on New technical analysis update on gold 🪙 Gold still going to bullish trend 📈 Gold Traders Gold Ready for a new ATH 3010$. This weekend. I'm going to bullish trade on Gold. Today 💪 Take a Strong breakout Resistance level 2947 2954 back 🔙 Tast diamond zone support level. 2923 Now Gold. Don't wait more Sell Good luck 🤞🤞 Key Resistance level 2954 + 2961 + 2987 3010 Key Support level 2940 - 2930 - 2924 Mr SMC Trading point Pales Support boost 🚀 analysis follow)
FXOPEN:XAUUSDLong
by SMC-Trading-Point
Gold’s Rally Continues – Next ATH?Gold ( OANDA:XAUUSD ) again managed to form a new All-Time High(ATH) . Are you used to this? Gold has already managed to break the Uptrend line . But as long as Gold is above 100_SMA(1-hour) , we can hope for the continuation of the upward trend . According to the theory of Elliott waves , Gold seems to have succeeded in completing the main wave 3, so that the main wave 3 was extended . I expect Gold to start rising again after a temporary decline from the levels I charted and create a new All-Time High(ATH) . Note: If Gold can go below 100_SMA(1-hour) again, we should expect more dumps. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 15-minute time frame. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
1
GOLD ROUTE MAP UPDATEHey Everyone, Once again our chart idea is playing out, as analysed. After hitting our first Bullish target, we stated yesterday that we had the lock above 2905 opening 2934. This gave a nice push up of over 200 pips but the gap remained open and still valid. - This was hit today completing this target. Our next range is now open above at 2959 but as we enter into the ATH range, we need to take caution. We are seeing EMA5 break back into 2934 also opening 2905. Range is now big but structure is still very much Bullish and therefore we will continue with our plans to buy dips. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2905 - DONE EMA5 CROSS AND LOCK ABOVE 2905 WILL OPEN THE FOLLOWING BULLISH TARGET 2934 - DONE EMA5 CROSS AND LOCK ABOVE 2934 WILL OPEN THE FOLLOWING BULLISH TARGET 2959 EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET 2987 BEARISH TARGETS 2872 EMA5 CROSS AND LOCK BELOW 2871 WILL OPEN THE FOLLOWING BEARISH TARGET 2841 EMA5 CROSS AND LOCK BELOW 2841 WILL OPEN THE SWING RANGE SWING RANGE 2807 - 2781 EMA5 CROSS AND LOCK BELOW 2781 WILL OPEN THE SECONDARY SWING RANGE SECONDARY SWING RANGE 2764 - 2740 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
10
You can make a profit by going long or short in gold!For three consecutive trading days, gold has been fluctuating back and forth at a high level. The daily line has closed with a doji for three consecutive days. It has encountered strong pressure in the short term. In the game between bulls and bears at a high level, judging from the current form and indicators, the general trend is still bullish. If it breaks the 2918 position, it may enter the wave structure adjustment in the short term. Today's idea is to first look at the repair at a high position, and then move back and forth in the repair range to find meat. Both bulls and bears have opportunities. We cannot be sure that 2954 is the top of this wave of sharp rise. The short-term small top can be confirmed. Gold has been rising for too long and needs such a technical retracement and adjustment. In addition, today is Friday. If no new high is set today, gold will bring adjustments. The range of fluctuations we are concerned about in the Asian session is 2954-2918. In this range, we treat it with a fluctuating mindset. If the Asian session breaks 2918, the short-term trend will turn weak. We can continue to short it on the rebound. The daily cross star is the result of the long-short game. Gold is a short-term long-short watershed at 2940. Below this position, we will see weakness. Support 2918 and 2900, pressure 2948 and 2954, the strength and weakness watershed of the market is 2940.
TVC:GOLD
by Crazytrader00011
Gold price analysis February 21⭐️Fundamental Analysis Gold prices fell as investors booked profits ahead of the release of key US economic data, including PMI and PCE inflation. The Fed minutes did not change expectations for two rate cuts this year, but maintained a cautious stance. If the economy is strong and inflation is high, the Fed may not be in a hurry to ease policy. Gold prices may fluctuate in the short term following economic data, but are still supported by concerns about Trump's tax policies and Russia-Ukraine tensions. Despite the correction, gold remains a safe haven, and dips can be good buying opportunities. ⭐️Technical Analysis Gold price is heading towards 2920 and this area is the most important area for gold today. When breaking 2920, pay attention to the 2906 area for BUY signals and just wait for the test beats to sell around 2920 when this area is broken. When gold bounces from 2920, the market continues to want to increase. As long as there is any close above 2928, gold will soon regain the resistance level of 2944. Wish everyone the best trading strategy.
OANDA:XAUUSD
by TVS-Trader
Gold XAUUSD Possible Move 17-21 FEB, 20251. Double Top Formation: First Peak: The price reached the resistance zone ($2,940) and got rejected. Second Peak: The price attempted to break this level again but faced rejection, forming the second top. Neckline (Support Zone at $2,875 - $2,885): The price is now testing this area, which acts as a key decision point. 2. Bearish Confirmation (If Breakdown Happens): If the price breaks below $2,875 and closes below this level, it confirms the double top. The next potential downside target would be around $2,800 - $2,810 (measured move from the top to neckline). 3. Possible Scenarios: ✅ Bullish Rebound (Invalidates Double Top): If the price holds $2,875 - $2,885 and bounces up, it could retest $2,940 - $2,960 again. This would turn the pattern into a fakeout, leading to another bullish move. ❌ Bearish Breakdown (Confirms Double Top): A clean break and close below $2,875 signals more downside. Target: $2,810 (or lower if momentum continues). 4. Trading Strategy: Short Entry (Bearish): If price breaks below $2,875, enter a sell position. Stop-loss: Above $2,890 (to avoid fakeouts). Take profit: $2,810 (or trail SL if trend continues). Long Entry (Bullish Reversal): If price holds $2,875 - $2,885 and forms bullish confirmation (like a hammer or engulfing candle). Stop-loss: Below $2,870 to protect from a fake breakout. Take profit: $2,940 - $2,960. Final Thought: If this is truly a double top, a break below the neckline could trigger a bigger correction. But if buyers step in, it could flip into a breakout-retest strategy instead.
OANDA:XAUUSD
by Quinn901
7
Gold price analysis February 20⭐️Fundamental Analysis The rally came after US President Donald Trump said a trade deal with China was possible. Geopolitical concerns increased after US President Trump said Ukraine had started a war with Russia and hinted that it was time to pay back all the aid it had provided to the US. Meanwhile, the Federal Reserve (Fed) meeting minutes from Wednesday night had little impact. Only a few members of the Federal Open Market Committee (FOMC) favored stable interest rates and were in no rush to cut. Considering this, the possibility of a rate cut in June remains. ⭐️Technical Analysis Gold prices are currently difficult to trade as they are at an all-time high. any recovery to the breakout points is considered the best opportunity to buy gold towards the 3000 peak. Watch for recovery points around 2940-2920 for BUY signals and watch the 2970 area as today's major resistance.
OANDA:XAUUSD
by TVS-Trader
Gold (XAU/USD) Triangle Pattern – Key Support Test Incoming!Gold (XAU/USD) Triangle Pattern – Key Support Test Incoming! ⚠️ 📊 Timeframe: 4H 💰 Current Price: $2,939 📉 Pattern: Ascending Triangle Breakdown Potential Market Overview: Gold has been forming an ascending triangle, with price reacting between the top resistance line and the rising trendline support. The price is now rejecting the upper boundary and could head towards key support zones before making its next move. Key Levels to Watch: ✅ First Support Area: $2,925 - $2,930 (Short-term bounce zone) ✅ Next Support Area: $2,900 - $2,910 (Stronger demand zone & trendline support) ✅ Resistance: $2,950 (Breakout level for bullish continuation) Technical Analysis: 🔹 Price Rejection at the Top Line of Triangle: Selling pressure is increasing near resistance. 🔹 Support Retest Possible: If price moves lower, the first support area could act as a minor bounce zone, but if broken, we may see a drop to the next support area at $2,900. 🔹 Trendline Test Incoming: The bottom line of the triangle is critical—if it holds, we could see a bullish reversal. A breakdown would signal further downside. Trade Plan: 🔹Bearish Scenario: - If price breaks below $2,925, it could drop towards $2,900 support. - Short Entry: Below $2,925 - Target: $2,900 - Stop Loss: $2,945 🔹 Bullish Scenario: - If price holds the trendline support and shows bullish confirmation, we could see a **bounce back towards $2,950. - Long Entry: Near $2,900 with confirmation - Target: $2,950 - Stop Loss: $2,885
OANDA:XAUUSD
by NexusTradesZone
Minutes of the Federal Open Market CommitteeCommittee participants began discussions related to their review of the Federal Reserve's monetary policy framework. This review is focused on two specific areas: the Committee's Statement on Longer-Run Goals and Monetary Policy Strategy, which presents the Committee's approach to the conduct of monetary policy, and the Committee's policy communication practices. The Committee's 2 percent longer-run inflation goal will be retained and is not a focus of the review. The manager noted that inflation offsets overall increased slightly. However, both the survey measures of inflation expectations and prices in the Treasury Inflation-Protected Securities market remained fairly consistent with predictions that inflation would return to the Committee's 2% inflation target. In money markets, the manager noted that a quarter-point lowering of the target range for the federal funds rate in December was fully carried over to other short-term rates. Additionally, the 5 basis point technical adjustment to the overnight reverse repurchase agreement (ON RRP) offering rate made in December appears to have been passed through almost entirely to the repurchase agreement (repo) rate.
TVC:GOLDShort
by FalCol_TradingMaster
Trump's tariffs make gold "take off"! Gold prices riseMarket news: The London gold price rose by more than 1% on Tuesday, reaching a high of $2,936/ounce during the session, approaching the historical high reached last week again. The uncertainty of US President Trump's tariff plan has raised concerns about economic growth, prompting safe-haven funds to flow into international gold. The market is also paying attention to the talks between US and Russian officials in Saudi Arabia and the minutes of the Federal Reserve's January monetary policy meeting to be released on this trading day. Technical Review: Gold daily strong positive line once again challenged the previous high and closed with a big positive line. After the formation of the previous M top, it retreated and tested the MA10 daily moving average at 2877, then stopped at the 7/10 daily moving average and continued to maintain the opening and moved up to the 2910/2900 mark. The RSI indicator continued to run above the high 70 value, and the daily price structure was running in the bullish trend channel! The short-term four-hour chart formed a continuous positive price and re-stood on the 2900 mark. The MA10/7-day moving average formed a golden cross and opened and gradually moved up to 17/23. The price is running in the upper and middle rail channels of the hourly and four-hour Bollinger bands. Day trading ideas: intraday callbacks follow the trend of low-long layout, high-altitude assistance. Today's interpretation: Gold is currently 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 sharply for seven consecutive days, strongly opening the upper Bollinger track space, 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 ​​​​retracement! From the technical form of the small cycle, the support level is around 2913. It is worth noting that the 1-hour gold price broke through the 2913 position after the bottom shock and sideways trading. Since 2877, the lows have been continuously raised and the highs have broken upward. As long as the bulls do not lose the 2913 retracement support point today, the upward direction will not change. Unless the 2913 position is lost again in the future market, they will consider shorting. The bulls will pay attention to the 2940-42 pressure. Operation ideas: Short-term gold 2913-2915 long, stop loss 2904, target 2940-2950; Short-term gold 2948-2950 short, stop loss 2959, target 2920-2910; Key points: First support level: 2928, second support level: 2920, third support level: 2913 First resistance level: 2942, second resistance level: 2948, third resistance level: 2956
OANDA:XAUUSDLong
by Crazytrader00011
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
Seize the opportunity to buy, miss it and regret itThe gold market fluctuated greatly today. It has been rising since 2934 in the morning, and the highest rose to 2945 before, but then it quickly fell back to 2933. It temporarily stabilized and fell, but it may continue to fall. Affected by the general trend, it fell back to 2920-2925 and then rebounded strongly. So when it fell back, we should seize the buying time and don’t miss it. It is recommended to buy near 2920-2925. We can make a profit if it rises and breaks through 2940 later. Pressure 2942-2939, support 2920-2925, strong support 2913 and 2906
TVC:GOLD
by Crazytrader00011
Gold bulls rise, looking for new highs!Yesterday, gold was very strong. The bulls rose from 2891 to 2937. There was basically no big retracement in the middle. The daily line closed with a big positive line again, and a new bull rose. Today, we will focus on the situation at 2942. The daily line has stopped at the position twice. If it cannot break through this time, the daily line will form a three-top pattern at this position. We will not guess the top. There is no doubt that the short-term strong bulls are strong. Today's idea is to do more first after the retracement. The big pressure will not pass at once. It will retrace and repair below 2942. The retracement and repair are our opportunities to do more again. Today, the Asian session will first see the retracement and then pull up. The first support for the retracement is around 2920. This position is still a pattern support. We consider it more when the white session is close to it. In addition, the strong support of the daily line has risen to 2906 and 2913. These two positions were strong pressures before, and now they are strong supports. The gold shock is quite severe. The daily line has experienced a high-level shock. We need to grasp its rhythm. Pressure 2942-2939, support 2920, strong support 2913 and 2906, the strength and weakness watershed of the market is 2920. Fundamental analysis Today, pay attention to the content of the Federal Reserve's monetary policy meeting minutes. Operational suggestions Gold-----More around 2920, target 2939-2956
TVC:GOLDLong
by Crazytrader00011