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Goldprediction

"Gold's Repeat Pattern: Two Impulses, Two Pullbacks – What's NexThis **4-hour Gold (XAU/USD)** chart shows a classic **price action structure** with two major impulsive waves followed by corrective pullbacks. Here's a breakdown using **price action principles**: 🔹 **1. Impulsive Rally #1 (Left Box)** * **Price surged** by approx. **119.55 points (+3.68%)**, forming strong bullish candles with little to no wick on top — a sign of **buyer dominance**. * The move was sharp, indicating **strong momentum** and **break of previous lower highs**, suggesting a possible **market structure shift** to bullish. 🔻 **2. Correction #1** * The rally was followed by a **retracement of -84.51 points (-2.51%)**. * Price made **lower highs and lower lows** within this box — indicating a **corrective pullback**, not a reversal. * It respected previous support zones, which shows **buyers still in control**. ### 🔹 **3. Impulsive Rally #2 (Right Box)** * Price then made a **new higher high**, rising **127.94 points (+3.86%)**. * Strong bullish candles again appeared with follow-through — confirming **bullish order flow**. * The **break of the previous swing high** confirms a **bullish structure continuation**. ### 🔻 **4. Correction #2 (Ongoing)** * Current price is in a **retracement phase** of around **-84.51 points (-2.46%)** — nearly identical in size to the first correction. * The correction is forming **lower highs and lower lows**, with potential for **bullish reaction near the previous support or demand zone**. * The **market is testing previous structure** (support level near \$3360–\$3370) — a key area for **bullish reversal confirmation** (watch for pin bars or bullish engulfing patterns). 📌 **Price Action Summary * **Structure**: Higher highs, higher lows — confirms **uptrend**. * **Corrections**: Controlled and proportional — shows **healthy trend**. * **Current Zone**: Price is testing **potential support**, watch for **bullish reversal signals** to catch next wave. * **Bias**: Still **bullish**, unless structure breaks below recent swing low (\~\$3340). --- ✅ Traders’ Tip**: If bullish candles form at current support, it may present a **buy opportunity** with targets toward recent highs. Use proper risk management and watch for confirmation!
CAPITALCOM:GOLDLong
by jasromana61
Correction is not bearish, buy on rebound at low levelToday is critical. Yesterday, gold fell under the pressure of 3396. The next 3396 area is very critical, and it will be relatively weak below it. If it goes up, the market rebound will expand. Pay attention to 3405 or 3420 area, with the focus on 3420. As long as it is below here, it will be mainly bearish. Breaking through 3420, the market is expected to continue to rise and break yesterday's high to test the 3450 area, and then seek to fall again. On the downside, pay proper attention to the 3380 area, which is short-term support; the focus is on the 3370~3365 area, which is the next bull-bear watershed. The daily line fell yesterday and included the previous day's big positive rise, which represents the current high-level fluctuation of the price. At present, we need to pay attention to the lower moving average support corresponding to SMA10 at 3367, while the moving average SMA30 is around 3351-53, the middle track is at 3344, and the moving average SMA60 is at 3330. From the daily level: today's decline will not fall below 3351-53, and it is likely to be around 3367-70. We have the opportunity to participate in long orders near 3370. Therefore, if the price touches 3370-3365 for the first time during the day, you can consider going long, with the target at 3390-3400; if the downward trend of gold continues during the day, you can go long again at 3355-3353, defend 3345, and exit the market after earning a difference of $10-20. OANDA:XAUUSD
OANDA:XAUUSDLong
by HuntingWolves
Gold fell as expected, can it reverse?📰 News information： 1. Initial unemployment claims data 📈 Technical Analysis： Gold has made a profit retracement correction as expected. The two-day rising market has led to an overly bullish sentiment in the market. Under this pattern, it is very easy to trigger an unexpected reversal trend, which is often a key opportunity to break the psychological defense line of retail investors in the market. From the bottom of gold at 3244 to the high of 3439 this week, it can be found that the current 38.2% support position is near 3364. Moreover, the current daily SMA10 moving average position is also near 3364, SMA30 and the middle track of the Bollinger Band are near 3343, and SMA60 is near 3330. From the daily line, if the daily line can stand above 3364, then there is still a possibility of refreshing the high of 3438 in the future. On the other hand, if the daily line falls below 3364, then 3438 may become the high point in July. If there is a rebound in the morning, then 3384 in the white session will be the bottom support, and short positions must be participated in the European and American sessions. If the downward trend continues in the morning, there will be an opportunity to participate in long orders around 3370. At the same time, the possibility of further decline and reaching the middle line of 3343 cannot be ruled out. At the same time, if the 4H chart can form a head and shoulders top pattern, then the intraday long rebound point will not exceed 3410. Therefore, on the whole, if it falls directly, it can be considered to go long when it first touches 3375-3365, and the target is 3390-3400; if the intraday decline is strong, the second trading opportunity is below 3355-3345, and the target is $10-20 before exiting. 🎯 Trading Points： BUY 3375-3365 TP 3390-3400 In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
OANDA:XAUUSDLong
by Allenbrowser-3
Gold------sell near 3392, target 3370-3350Gold market analysis: Yesterday, gold in the European and American markets plunged directly. It is cold at high places. Gold has already experienced four big plunges above 3435. From the perspective of form, there is a super pressure there. We also reminded in the analysis yesterday that the rhythm of gold daily lines in the past two days has changed very quickly, and it is all shocks and then quickly pulls up and ends directly. It is basically difficult to follow its rhythm without direct pursuit. The big negative line of the daily line has destroyed the strong support near 3402-3404. This position has been converted into a new strong pressure. Today's idea is to adjust the bearish trend and continue to sell on the rebound. The adjustment of the daily line is not sure whether it is an adjustment of the wave structure, but it can be determined to sell in the short term. We are just a trend follower. Today, gold will not rebound above 3402 and is basically weak. Gold plunged directly in the Asian session, and the selling force is still relatively strong. At present, the new low strong support of the daily line has not appeared. The next moving average support of the daily line is around 3366. I estimate that there will be a rebound at this position. If the hourly Asian session does not fall and rebounds first, consider continuing to sell it at 3395 and 3402. Gold likes to convert quickly recently. If it stands on 3404, it will be reconsidered. Support 3374, 3366 and 3350, suppress 3395 and 3402, and the weak watershed before the market is 3395. Fundamental analysis: Tariffs have not affected the market recently, and there is no major news released. The market is relatively calm. Operation suggestion: Gold------sell near 3392, target 3370-3350
OANDA:XAUUSDShort
by NicolaZhu
Gold prices plunge in the short term!Market news: In the early Asian session on Thursday (July 24), spot gold fluctuated in a narrow range and is currently trading around $3,388 per ounce. International gold suffered a fierce sell-off after a sharp rise in the previous two trading days. Media reports said that the United States and the European Union were getting closer to reaching a tariff agreement, and the news hit safe-haven demand. The decline in London gold prices was mainly due to the dual pressure of easing macro-geopolitical tensions and the recovery of risk appetite.Although the Federal Reserve is expected to keep interest rates unchanged, the controversy surrounding the independence of the Federal Reserve is heating up. According to a recent Reuters survey, most economists believe that the Federal Reserve is currently facing unprecedented political pressure, which provides potential medium- and long-term support for gold. However, in the short term, as the resilience of US economic data emerges and market risk sentiment improves, investors are cautious about the Federal Reserve's expectations of a sharp interest rate cut this year, and gold has lost the momentum to further attack.The current market focuses on the progress of trade negotiations between major economies in the world and the upcoming Federal Reserve interest rate meeting. Against the backdrop of the implementation of the US-EU and US-Japan agreements, the short-term safe-haven properties of gold may continue to weaken. In addition, this trading day will usher in the July PMI data of European and American countries, the change in the number of initial jobless claims in the United States, the annualized total number of new home sales in the United States in June, and the interest rate decision of the European Central Bank! Technical Review: Affected by Trump's speech, the United States reached an agreement with more trading partners, and the market risk aversion cooled down. Gold plunged sharply to a new low of 3381 in the late trading. The technical daily structure closed with a single negative line, ending the strong form of the continuous positive structure. However, the daily MA10/7-day moving average still maintained a golden cross opening upward, moving up to 3378/67. The price is currently adjusted at the 5-day moving average of 3390, and the RSI indicator is running above the middle axis. The price is in the upper and middle track of the Bollinger band. The short-term four-hour chart retreated to the middle track of the Bollinger band at 3380 and stopped falling, and the RSI indicator adjusted its middle axis. The moving average high at 3410 opened downward in a dead cross, and the short-term gold price fell into a wide range of shocks. Today's trading strategy is to sell at high prices and buy at low prices. The strategy layout is based on fluctuations. Let's look at the 3366/3416 range first. Today's analysis: Yesterday, gold fell straight in the European and American trading hours, with a drop of more than 50 US dollars. The main reason is the impact of European and American tariffs. Last night, the European and American trade negotiations determined a 15% tariff. The market's risk aversion sentiment subsided, causing the gold price to fall. The gold daily line finally closed with a big negative line, and the gold daily line was covered with dark clouds! The rebound during the day is mainly sold at high prices!The high level of the gold 1-hour moving average has begun to turn around. The buying power of gold has obviously suffered a heavy blow under the influence of the news. The short-term high level of gold 1 has also formed a head and shoulders top structure. As long as the gold rebound does not break through 3400, the right shoulder of gold will be completed. Then gold will complete the short-term top structure of the head and shoulders top in the short term, and gold selling will begin to work. Operation ideas: Short-term gold 3366-3369 buy, stop loss 3358, target 3390-3410; Short-term gold 3400-3403 sell, stop loss 3412, target 3380-3360; Key points: First support level: 3380, second support level: 3367, third support level: 3353 First resistance level: 3403, second resistance level: 3410, third resistance level: 3420
OANDA:XAUUSDShort
by NicolaZhu
GOLD 1H Bullish Reversal AnalysisAnalysis Summary: Gold (XAU/USD) is currently trading at 3,383.75 and has shown a corrective move after reaching a recent high near 3,436.26. The chart indicates a bullish channel with support holding near the lower boundary of the channel. Key Observations: Price has pulled back sharply but respected the channel's lower trendline, suggesting a potential bullish reversal. A bullish rebound is anticipated from the 3,360–3,370 zone, marked by the yellow support area. Two key resistance levels are highlighted at 3,411.89 and 3,434.35. The Ichimoku Cloud is thin ahead, suggesting less resistance for upward momentum. Potential Trading Setup: Entry Zone: Near 3,370–3,383 (support zone or on bullish confirmation). TP1: 3,411 TP2: 3,434 SL: Below 3,360 (outside the channel and below yellow zone).
CAPITALCOM:GOLDLong
by DOCTOR_PIPS05
7
Gold peaked in the short term. Welcome a new trend?The previous rising structure of gold was broken, especially yesterday's rapid decline broke through the previous support of 3385. Although it rebounded slightly, it was difficult to change the adjustment. Yesterday's high point of the US market was at 3396-98 US dollars. Today, the adjustment trend continued. The dividing point between long and short is 3395 US dollars today. Before the price reaches here, do not consider long. Many traders are confused. Why are there longs one day and shorts the next day? In fact, this is the characteristic of the volatile market. Breaking the key position cannot last. No matter what you think about the market, you must pay attention to the current shape changes. In the volatile market, you should consider the market of the day more, not the long-term direction. From the 1-hour chart, the gold price rebounded near 3390 and shorted, and the profit range is 3370-3350. The backup strategy is to break through 3400 and go long, and pay attention to 3415-3425 on the upside. In other words, look for opportunities to short on a rebound below 3400 today, and adjust your thinking after breaking through the key resistance.
FX:XAUUSD
by quaid_2
The bearish wave recovery ends and a new bullish wave begins✏️ OANDA:GBPUSD After a long downtrend that touched the important support zone of 1.138 GBPUSD has recovered to the upside. The h4 candle has just closed above the accumulation zone of 1.345 to continue the upward momentum towards the peak of 1.367. The price line also created a trendline supporting the main uptrend of the pair, and the price line can follow the uptrend to the Target. 📉 Key Levels Support: 1.345 - 1.338 Resistance: 1.360-1.367 Buy Trigger: Rejects above 1.345 Buy zone: 1.348-1.345 Target 1.367 Leave your comments on the idea. I am happy to read your views.
Long
by VHT_Trader
9
Gold will pause its rally today. Be cautious✏️ OANDA:XAUUSD continues to hit new highs this week. As the daily candle closes above the 3430 area, gold is creating a wide trading range of about 50 prices today. The uptrend may face a slight slowdown due to profit-taking psychology of some investors. 📉 Key Levels Sell trigger: Rejection from 3445 Sell zone: 3463 Target: 3405 BUY trigger: 3402 (Price retests breakout zone and buyers react) Leave your comments on the idea. I am happy to read your views.
OANDA:XAUUSD
by VHT_Trader
12
Gold is weak. Will it continue to fall?Yesterday, the price of gold did not continue to rise as strong as in the previous two days. After reaching the previous top position, it began to retreat under pressure. The market is too bullish, and under this pattern, the market is likely to have an unexpected reversal. Yesterday, it fell below the 3400 integer mark, so it is likely to maintain a volatile downward trend in the future. The current main support level is around 3370, which is also the primary point for the bears to continue to break down in the future. Once it falls below this position, the target may be around 3345-3355. It cannot be said that it has completely turned to a bearish position at the moment. It is just a bearish oscillation pattern within a large range, and the upper pressure is maintained near 3405, which is also the support point for the first downward step of the bears on Wednesday. Today, we still need to operate around the short position first. The price rebounds to 3405 and shorts, and the profit range is around 3390-3380, and the stop loss is 3415. After a new low appears in the European session, wait for the US session to rebound and continue shorting.
FX:XAUUSD
by quaid_2
XAUUSD Monthly Technical OutlookMarket Structure Overview: • The chart reveals consistent Breaks of Structure (BOS) to the upside, confirming a strong bullish market trend. • Price has successfully reclaimed and retested the strong resistance zone (~3390–3400), which now acts as new support. • A series of higher highs and higher lows show clear bullish intent, supported by sustained bullish momentum after each correction. ⸻ 📈 Volume & Price Action: • The Volume Profile (VRVP) on the left shows strong historical accumulation near the current breakout zone. • After the breakout from resistance, the price retested this zone—validating it as support—and is expected to continue its bullish leg toward $3,500, the next psychological and technical target. ⸻ 📍 Key Levels: • Support Zone: $3,375 – $3,390 (previous resistance turned support) • Immediate Resistance: $3,425 • Target Level: $3,500 (Monthly High Projection) ⸻ 📘 Educational Note: • This setup aligns with classic market structure theory: BOS + Retest + Continuation. • The pullback into the breakout zone is a textbook bullish continuation signal often used in institutional trading strategies. • Traders watching this pattern should combine it with confirmation entries such as bullish engulfing candles, FVGs, or order block rejections for safer entries. ⸻ 🎯 Projection: • As long as the price holds above $3,375, the bullish scenario toward $3,500 remains valid. • Expect possible consolidation or minor pullbacks before continuation. ⸻ 📌 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research before entering the market.
OANDA:XAUUSDLong
by Mentor_Michael03
Gold Next Move According To My Analysis (READ DESCRIPTION).Hellow Traders, I'm here with new idea. The Previous Major Highs and Lows price (3125) Major Low Price (3449) Major High Price (3253) Major Low Price (3432) Major High The market rejects four times at the price (3436) according to D1 TF. when the market touches the area (3436) then falling again and again so it couldn't break. Now the price respects the demand zone M30, It will give you few pips, after a little pump gold will drop if price respects the bearish engulfing H1 at 3420-3432. Now the trend is bullish it will change if price breaks the Trendline and 3253 area then our target will be 3129. If price breaks the area 3432 then we will change our gear into buy because when the price breaks the supply zone it will be {BOS} and RBS. STAY TUNE FOR UPDATE KINDLY SHARE YOUR IDEAS HERE AND LEAVE POSSITIVE COMMENTS, THANKS EVERYBODY.
FOREXCOM:XAUUSD
by Zayn_GTH
Perfect profit on short position, long TP 3450#XAUUSD Gold is in an upward trend from the daily chart. From the technical indicators, the SMA5-SMA10 moving averages are golden crosses, BOLL opens upward, the K line runs on the upper track of the daily Bollinger Band, and the MACD continues to increase, indicating that the bullish trend remains unchanged📈. The approaching August 1st tariff deadline, coupled with uncertainties such as the Federal Reserve, provide short-term support for gold🔍. 📊The current lower support is at 3410-3400. If it falls back to this level during the day, you can consider going long. Gradually check 3430 and 3440 on the upside, and pay close attention to the breakthrough of the 3450 level🏅. If it effectively breaks through 3450, gold is expected to break through the historical high. If it encounters resistance near 3450 as in the previous trend, you can consider shorting📉. 🚀BUY 3410-3400 🚀TP 3430-3440
OANDA:XAUUSDLong
by Halson_Winston
GOLD ROUTE MAP UPDATEHey Everyone, Another PIPTASTIC day on the charts with our analysis once again hitting gold!!! After completing all our bullish targets yesterday we stated that we will now look for EMA5 lock above 3424 to open the next bullish level at 3439. - This played out perfectly completing 3439 to perfection!! We are now seeing no further lock above 3439 confirming the rejection, which we are seeing now. We will now look for lower Goldturns to be tested for support and bounce inline 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 20 to 40 pips. As stated before, each of our level structures gives 20 to 40 pip bounces, which is enough for a nice entry and exit. If you backtest the levels we’ve shared every week for the past 24 months, you’ll see how effectively they were used to trade with or against short/mid-term swings and trends. The swing ranges give bigger bounces than our weighted levels, that’s the difference between the two. BULLISH TARGET 3356 - DONE EMA5 CROSS AND LOCK ABOVE 3356 WILL OPEN THE FOLLOWING BULLISH TARGETS 3381 - DONE EMA5 CROSS AND LOCK ABOVE 3381 WILL OPEN THE FOLLOWING BULLISH TARGET 3404 - DONE EMA5 CROSS AND LOCK ABOVE 3404 WILL OPEN THE FOLLOWING BULLISH TARGET 3424 - DONE EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET 3439 - DONE EMA5 CROSS AND LOCK ABOVE 3439 WILL OPEN THE FOLLOWING BULLISH TARGET 3458 BEARISH TARGETS 3331 EMA5 CROSS AND LOCK BELOW 3331 WILL OPEN THE FOLLOWING BEARISH TARGET 3311 EMA5 CROSS AND LOCK BELOW 3311 WILL OPEN THE SWING RANGE 3289 3266 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
28
The callback continuity is poor, and the bulls are still strong📰 News information： 1. Geopolitical situation 2. Tariff retaliation 📈 Technical Analysis： Trump continued to lash out at the Fed, but seemed to have backed off on whether to remove Fed Chairman Powell. The continuous rise of the gold index, once close to 3440, also ushered in a new high in more than a month. Next, we need to pay attention to whether gold can reach the 3450 mark. Judging from the daily chart, there were three times when it touched around 3450 and then fell back. If it breaks through and stabilizes above 3450 this time, the historical high of 3500 may be refreshed. If it cannot effectively break through 3450, the probability of subsequent retracement is still very high. From the hourly chart, the bottom support is almost at 3405-3400. However, the recent rhythm belongs to the consolidation of the Asian and European sessions, the US session has begun to rise, and the risk of serious overbought data indicators is still there. This is why I told everyone in the morning that we need to be vigilant about the current rise. Waiting for a pullback to go long is relatively more stable. I also explained in the morning that if it falls below 3405-3400, the decline may continue to around 3385. After all, the fundamental purpose of our trading is to make a profit, so we must minimize the foreseeable risks to the greatest extent possible. On the whole, if there is an obvious stop-loss signal at 3405-3400, you can consider going long and looking at 3450. Once it falls below 3400, don't chase it easily, and pay attention to the possibility of a retracement below 3385. 🎯 Trading Points： BUY 3405-3400 TP 3440-3450 In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you. FXOPEN:XAUUSD OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by Allenbrowser-3
Excellent profits booked [500 pips SECURED ]As I mentioned throughout yesterday’s and Today's commentary session: My strategy is still the same – sell from 3430-3435. Gold around my key level yesterday at 3432-3435, which the market respects well and as our first target was 3405 then 3495 Very happy with the profits so far. My medium-term targets remain 3390 & 3380 which is achieved alhumdulliah .I sold gold from every local high. Also I mentioned 3420 turns retest and i opend my another sell trades on down side All I say thanks to those who followed us and made profits.
FOREXCOM:XAUUSD
by Forexmaestro121
Gold is going down. Can it break through?First, we can look at the daily chart，Currently, the support below the gold daily chart is around 3385, which is also the low point on Tuesday. The current price drop has already touched the support near 3385. Secondly, from the 4-hour chart, the low point of yesterday's US market retracement was around 3405, and the high point on Monday was 3400. So the first pressure point of this price correction is 3400-3410, followed by the suppression position near 3420. The 4-hour chart shows that the gold price fluctuated in the 3410-3440 range in the early stage, the MACD red column shortened, and the KDJ dead cross began to appear, facing the pressure of correction in the short term. At present, the main focus is on whether the 3385 support line can be broken. If it falls below this support level, it will most likely touch around 3375. Then gold will most likely start a downward trend and the rebound will be weak.
FX:XAUUSD
by quaid_2
1
Gold Takes Flight, But Will Support Hold? Watch This Zone!Gold has broken its key resistance level in the New York session and, at the same time, has taken support from the trend line, which is pushing it upward. Currently, however, gold has also broken through another minor support level, and we can now observe that it is pulling back and moving downward. It is advisable to remain patient at this stage. Wait for the market to come down to the zone where the previous resistance has now turned into support. If the price reacts positively at that level and shows signs of holding, we could potentially see a good buying opportunity from there. As always, please conduct your own research (DYOR) before making any trading decisions. This is not financial advice.
OANDA:XAUUSD
by TradeCraft_FX
1
Gold-----Buy around 3400-3410, target 3430-3450Gold market analysis: The current highest gold buying has reached around 3438, which is the daily pressure level. This position is the high ground position that has touched the top many times before. The time to buy at these positions will not be long. There have been many dives before. However, as far as the current trend is concerned, the general trend is still buying, and short-term operations still have to buy. The daily buying is still not enough and closed positive again. The daily moving average began to diverge. Today's idea is to follow the buying first. I estimate that gold will enter a large game structure repair below 3451. In theory, short-term buying can be done, but the difficulty of intercepting on both sides will be more. You can keep buying at a low price in the short term. If it breaks 3400, it will turn weak. Our idea is to find buying opportunities above 3400-3410. The previous pattern was near 3405, and the daily moving average position was near 3390. The time and space for repair will be very large. If it breaks 3400, we need to think about whether it will enter a large technical adjustment. Support 3400-3405, small support 3409, suppression 3438, 3445, 3451, the strength and weakness dividing line 3402. Fundamental analysis: Recently, it is all regular data, there is no big fundamentals and new news that can affect the market. Operation suggestion: Gold-----Buy around 3400-3410, target 3430-3450
OANDA:XAUUSDLong
by NicolaZhu
XAUUSD on bearish retest sellGold is currently still holding  rising channel along with the swing moves we were on sell throughout from yesterday and my 1st Attempt on sell achieved with 200 PIPs Tp now I'm expecting the again reversal retest move!! What's possible scanarios we have? ▪️I opened again sell opportunity from 3420-3425 area by following our structural retest strategy, my Selling trade target will be 3405 then 3395 in extension. ▪️if H4 candle closing above 3435 this Parallel moves will be invalid. #XAUUSD
FOREXCOM:XAUUSDShort
by Forexmaestro121
Gold surges! Gold prices soar!Market news: In the early Asian session on Wednesday (July 23), spot gold fell slightly and is currently trading around $3,422/oz. Supported by the increasing uncertainty in global trade, the downward trend in U.S. Treasury yields and the weakening of the U.S. dollar, spot gold rose strongly, hitting a five-week high. The market's tension over the August 1 deadline for the implementation of U.S. President Trump's tariffs has intensified, driving safe-haven funds to continue to flow into the international gold market. Investors are focusing on the progress of the U.S. multilateral trade negotiations and the new round of tariffs that the Trump administration is about to launch: while the demand for safe-haven assets has increased, the U.S. 10-year Treasury yield has fallen to a two-week low, further enhancing the attractiveness of non-interest-bearing gold. The global economic slowdown, expectations of loose monetary policy and geopolitical risks will continue to support gold's status as a safe-haven asset. Looking ahead to the market this week, the market focuses on: the Fed's FOMC policy meeting will be held next week. Although the meeting is expected to keep interest rates unchanged, investors have begun to bet on the possibility of a rate cut in October; Fed Vice Chairman Bowman reiterated on Tuesday that the central bank should maintain policy independence, and Powell's upcoming policy meeting may release further signals; in terms of inflation, as signs of tariff costs being transmitted to consumer goods emerge, Powell has previously warned that inflation may accelerate again in the summer. Technical Review: Gold maintained its expected bulls and hit a new high yesterday. The daily line maintained a long-term structure of consecutive positive bulls. The MA10/7-day moving average opened upward, and the RSI indicator ran above the central axis. The Bollinger Bands of the hourly and four-hour charts opened upward, the price maintained the middle and upper track channel, and the moving average system opened upward. The idea of gold trading remains unchanged, and the layout is mainly based on buying at a low price and selling at a high price. After a sharp rise last night, gold began to fluctuate at a high level in the second half of the night, and the adjustment was very small, which means that the market is still the strong market. The recent pattern of gold price fluctuations and rises remains. Since it is fluctuating upward, the overall trend of gold today is still biased towards buying, but we need to be alert to the risk of short-term corrections. It is recommended to arrange buy orders based on technical support levels, and pay attention to trade policies and the Fed's trends! Today's analysis: Gold buying has been as strong as a rainbow in the past two days, and it is also a buying carnival. Gold is now buying strongly and the momentum is winning. Once the trend is formed, it is necessary to follow the trend. Now the trend of gold buying is very obvious, constantly refreshing the recent highs, so continue to buy gold to the end, and continue to buy if it rises. Continue to buy if it falls during the day! The gold 1-hour moving average continues to form a golden cross upward buying arrangement. The gold buying power is still there, and gold continues to exert its strength. Gold has risen step by step in the past two days. As long as there is no sharp decline, it is accumulating momentum to attack. The gold support continues to move up. Now it has broken through and stabilized at the 3400 line. If gold falls back to 3400, it can still be bought at low prices. Operation ideas: Short-term gold 3400-3403 buy, stop loss 3392, target 3420-3440; Short-term gold 3438-3441 sell, stop loss 3450, target 3400-3380; Key points: First support level: 3412, second support level: 3403, third support level: 3390 First resistance level: 3438, second resistance level: 3450, third resistance level: 3468
OANDA:XAUUSDLong
by NicolaZhu
2