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Goldprediction

Gold falls below 3200, continues to look at 3100 📌 Driving factors As Sino-US trade tensions ease, market concerns about a global recession ease, investors' risk appetite rises, and gold's attractiveness as a safe-haven asset declines, gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening gold's safe-haven appeal in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large-scale selling! 📊Commentary Analysis The price trend of gold on Tuesday showed a significant repeated shock feature. Although it ended up rising, it experienced two tortuous processes of first falling and then rising in the process, which led to a relatively limited overall increase. After the previous day's correction, the current 5-day moving average and the 10-day moving average formed a dead cross and continued to extend downward. From the perspective of intraday trading, the resistance level formed by these two moving averages has become the focus of market attention. In the morning article, I repeatedly emphasized that gold is expected to break below 3200. Sure enough, it broke below without hesitation today. It is currently at 3185. The short position of gold near 3250 that we gave yesterday has expanded its profit again today, and it is easy to make a profit of nearly 100 points. Today, the US market operation is still mainly shorting, and it can continue to short near the rebound of 3200. 💰Strategy Package Today, the US market operation is still mainly shorting, and it can continue to short near the rebound of 3200, with the target near 3170-3180. Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning income is a staged medal, and long-term stable and continuous profit is the only proof that it can finally stand up from the mountains of corpses and seas of blood.
OANDA:XAUUSDShort
by Labaron
2
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Here’s the latest follow-up on our weekly chart setup and as anticipated, it’s playing out as analysed with the test into the top of our Goldturn Ascending Channel and rejection. Price tested the upper boundary but failed to secure a sustained breakout. The EMA5 did not cross and lock outside the channel, signaling a lack of confirmation for bullish continuation. Instead, the top of the channel acted as a clean resistance zone, resulting in a firm rejection. We are now seeing price pull back toward our identified support zones at 3281 and 3189, of which price can slowly align with the channel’s midline with either price finding support here, or we look for it to gradually sync up with the half-line of the channel for structural support. As always, patience and precision are key. We'll continue using the 1H and 4H timeframes to buy dips on retracements into these support zones, targeting clean 30–40 pip moves. These levels and pullbacks offer ideal opportunities, especially in ranging conditions where our Goldturn method truly shines. This is exactly why we rely on our Goldturn Channels, our proprietary system built on weighted averages. It filters the noise, helps us spot real breakouts vs. fake-outs, and gives us the confidence to act with clarity and discipline. Thanks again for all the support, your likes, comments and follows. MR GOLD GOLDVIEWFX
OANDA:XAUUSD
by Goldviewfx
6
Gold Testing PRZ & Resistance Zone-Short Opportunity? Gold ( OANDA:XAUUSD ) moved according to yesterday's analysis and the position that was Risk-To-Reward:1.61 and hit the target of this position. Do you think Gold will continue its correction, or should we wait for the next gold rally to start? Gold is trading in the Resistance zone($3,280-$3,245) near the Potential Reversal Zone(PRZ) , and the Resistance lines . From a Classical Technical Analysis perspective , it seems possible that an Ascending Broadening Wedge Pattern could form. Educational note : An Ascending Broadening Wedge is a bearish technical pattern characterized by higher highs and higher lows that expand over time. It signals increasing volatility and weakening bullish momentum, often leading to a breakdown below support. In terms of Elliott Wave theory , Gold appears to be in corrective waves in the 15-minute time frame . I expect Gold to decline at least to the Support lines again , at least I think you can find a good Risk-To-Reward in PRZ for short positions . Note: If Gold touches $3,292 [ Worst Stop Loss(SL) ], we can expect further gains. Gold Analyze ( XAUUSD ), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a 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
25
Gold price plummeted below 3200, how should gold be deployed?🗞News side: 1. The rise in U.S. stocks is worrisome, and the risk of backlash is growing. 2. Pay attention to initial unemployment claims data 📈Technical aspects: The US gold price fell below the key support of 3200. At present, the gold shorts continue to exert their strength and are expected to further test the support of 3170-3160, or even the previous key point of 3150. Before the market trend becomes clear, it is not recommended for brothers to enter the market at will. If the gold price successfully touches the support area below and obtains strong support, then enter the market to do more. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
1
XAUUSD Gold Possible Move 14.05.2025Market Structure: Gold was previously trading within an ascending channel but has broken below the channel, indicating possible bearish momentum. Price is currently hovering around the 3,234–3,238 retest zone. Key Levels to Watch: Channel Re-entry Zone: 3,235 – 3,238 Resistance Above: 3,258 and 3,278 (next major target) Support Below: 3,207 (recent low); break below opens up 3,190 and 3,175 zones Scenarios: 🔹 Bullish Scenario: Entry Trigger: M30 or H1 candle closes inside the channel above 3,238 Target 1: 3,258 Target 2: 3,278 Invalidation: M30/H1 closes back below 3,235 after re-entry 🔹 Bearish Scenario: Entry Trigger: Price fails to reclaim 3,235–3,238 zone and forms rejection wicks / bearish engulfing Target 1: 3,207 Target 2: 3,190–3,175 (if 3,207 fails) Invalidation: Strong bullish candle closes above 3,238 with follow-through 🕒 Trading Tip: Wait for confirmation via M30/H1 candle closes – do not jump in on first wick. Patience pays off in breakout-retest situations. Kindly follow, comment and support.
OANDA:XAUUSD
by QuinnReed_Charts
3
Gold's consolidation is over and bears will break 3200!Gold market analysis: Short-term gold has entered a repair period. The previous tariff negotiations led to a sharp drop in gold. It has now fallen to around 3200 and is stuck. The shape and indicators show that 3200 is a super support. This position is greatly beneficial for selling on the weekly and daily lines. Yesterday, the daily cross star, the overall trend is still empty, the short-term repair range is 3265-3220. If you want to grasp the trend trading, sell at a high price and arrange the selling order. Lao Gu believes that the possibility of continuing to fall after the shock is over is greater, and it will break 3200 later. The daily moving average indicator is also broken. The gold fluctuation rhythm is very large, that is, a technical rebound and repair are basically dozens of points. It is most important for us to grasp the rhythm in operation. Today's idea can rely on the upper edge pressure of the shock to sell. If the Asian session rebounds around 3256 first, consider selling it first. There are opportunities for buying and selling in the volatile market. What we need is patience and waiting. In addition, the daily moving average begins to rush down, and selling begins to move. If it breaks 3200, we will consider selling. We must learn to follow the recent market. We rarely follow it before, because the recent gold will not turn back when it falls or rises, and the speed of buying and selling is also very fast. It is very important to control the rhythm. Support 3220, 3207, strong support 3200, pressure 3244, 3256, 3265, the watershed of strength and weakness of the market is 3230. Operation suggestion Gold-----short around 3256, target 3150-3200
OANDA:XAUUSDShort
by Toml1314
Gold starts a downward trend? Latest strategy.News focus: Today, Fed official Waller will give a speech; Tomorrow, the number of initial jobless claims, producer price index (PPI) and retail sales data will be released; On Friday, the market will usher in the University of Michigan Consumer Confidence Index report. Technical analysis: Gold fell rapidly in the Asian market, then rebounded slightly, and has been in a sideways trend. I think the recent volatility is more obvious, and there is still uncertainty whether the direction will be quickly completed. There are large differences in the current price of the short strategy, and it is impossible to make a decisive breakthrough in the short term. Operation strategy: Still adhere to the expectation of short-term decline, the rebound will not hinder the final decline expectation, and the strategy of shorting at high points will be maintained in the short term. You need to pay attention to the key support level of $3160. If the downward trend opens this position, the gold price may test the low position of 3100.
OANDA:XAUUSDShort
by Quaid-1
Gold has now fallen by 3200, and the next support level is 3160 📌 Driving factors As Sino-US trade tensions ease, market concerns about a global recession have eased, investor risk appetite has increased, and the attractiveness of gold as a safe-haven asset has declined, and gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening the safe-haven appeal of gold in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large number of sell-offs! Driven by bargain hunting, gold prices rebounded on Tuesday, and the weaker-than-expected US inflation data released that day also helped gold prices rise. However, trade optimism limits the strength of gold's rebound. 📊Commentary Analysis Gold began to fall in the early trading of the US market and is about to fall to our expected point. The support below is 3160! 💰Strategy Package 🔥Selling Gold Area: 3245-3240 SL 3250 TP1: $3230 TP2: $3210 TP3: $3190 🔥Buying Gold Area: $3167-$3165 SL $3160 TP1: $3178 TP2: $3189 TP3: $3200! Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof of being able to stand up from the mountains of corpses and seas of blood.
OANDA:XAUUSDShort
by Labaron
1
Gold comprehensive analysis summaryTechnical analysis of gold: In recent trading days, gold has experienced a rapid decline during the Asian session, then stabilized and rebounded, fluctuated during the European session, and rebounded after rising in the US session. Today, under pressure during the Asian session, the high point of yesterday's US session, 3258-60, has already experienced a rapid decline. It depends on whether it can stabilize and rebound next. Overall, continue to pay attention to the medium-term support of 3202-07. Before breaking down, once the bulls stabilize, they will fill the gap of Monday's gap in the area of ​​3320-25; if it breaks down, it will open up the downward space, further 3160-3120, and then gradually fall to 3060 and the starting point of this round of bulls, 3000. The M top or W bottom we emphasized is still waiting for the market to choose! From the hourly chart, gold is currently facing some downward pressure, especially since the current price has fallen below the previous support range. After falling below the support level, the gold price rebounded again, but this rebound failed to break through the original support level and turned into resistance, indicating that the price has not recovered effectively. For now, multiple rebounds have hit around 3257 to form a double top pattern, and the scope of short-term long and short consolidation has been reduced. Including today's Asian session decline, it did not fall below the 3220 US dollar line. The short-term consolidation range temporarily refers to the 3257-3220 US dollar range, and the break will be adjusted. Today, the 1-hour SAR indicator 3246 pressure is referenced above. If it breaks above, it will look at the recent double top 3257 pressure short. Secondly, look at the 3265-78 range multi-directional suppression short. It is recommended to refer to the Asian session low near 3220 for long below. If it breaks below, it will look at the 3207-3200 range for long. On the whole, today's short-term operation strategy for gold is mainly to do more on the pullback and short on the rebound. The short-term focus on the upper side is the 3257-3265 line of resistance, and the short-term focus on the lower side is the 3215-3220 line of support. Gold operation strategy reference: short gold near 3250-3260, target near 3240-3230. Gold pullback near 3225-3220 to do more, target near 3240-3250.
OANDA:XAUUSDLong
by TP_Daniel5
Start buying gold and wait for a rebound.At the 4-hour level, the overall market judgment remains unchanged. In terms of the lower support level, 3208-3207 is the key support area. This position is not only the low point on Monday, but also an important support level formed by the previous starting point line extending to the present. As for the upper resistance level, first of all, we need to focus on yesterday's high point of 3265, which is also the previous shock low point. Secondly, the 3290-3293 area formed by the rebound after the gap-down opening on Monday is also a resistance range that cannot be ignored. In the short term, pay attention to the resistance line of 3260-3270 above, and pay attention to the support line of 3220-3210 below in the short term. Further support focuses on the 3200 mark. Gold operation strategy: 3220-3210 long, target 3230-3250; gold rebounds to 3260-3265 short, target 3240-3220.
OANDA:XAUUSDLong
by TP_Daniel5
Gold Building Bullish Momentum – Eyes on 3265 Breakout Chart Analysis: This chart shows Gold (XAU/USD) forming a strong support around the 3207 level, while repeatedly testing resistance near 3265. Price action indicates consolidation within a clear range. The blue zigzag projection suggests a potential higher low formation, followed by a bullish breakout if price breaks above the 3265 resistance level. The large upward arrow implies strong upside momentum could follow once that breakout occurs, possibly leading to a sharp rally. - Gold is trading within a well-defined range. A higher low formation may lead to a breakout above the 3265 resistance zone. If that level is cleared with momentum, we could see a strong bullish continuation. Watching closely for confirmation of this.
OANDA:XAUUSDLong
by UAE_USA_GOLD_TRADERS
Gold continues to trade sideways above the 3200 area 📌 Driving factors The United States and China announced on Monday a 90-day suspension of tariff increases. According to statements made after the Geneva talks last weekend, the United States will reduce tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on US imports from 125% to 10%. Meanwhile, on the geopolitical front, Russia and Ukraine are preparing for their first high-level face-to-face talks since 2022, scheduled to take place in Istanbul this week. The talks come as the international community is increasingly pressuring Moscow to accept a 30-day ceasefire. U.S. Secretary of State Marco Rubio and special envoys Steve Witkov and Keith Kellogg are expected to represent the United States in the talks. Gold prices rebounded on Tuesday, driven by bargain hunting, while weaker-than-expected U.S. inflation data released that day also helped gold prices rise. However, trade optimism limited the strength of gold's rebound. 📊Comment Analysis In the accumulation price zone, the gold price is sideways around 3200-3270, and the buyers and sellers are balanced 💰Strategy Package 🔥Selling gold area: 3282-3284 SL 3289 TP1: $3270 TP2: $3260 TP3: $3250 🔥Buying gold area: $3167-$3165 SL $3160 TP1: $3178 TP2: $3189 TP3: $3200! Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof that can finally stand up from the sea of ​​corpses and blood.
OANDA:XAUUSDShort
by Labaron
1
Don't panic, gold will continue to fall. Don't worry, dear traders, gold is still falling. Two views remain unchanged: 1. After the trade talks between the United Kingdom and the United States and China are eased, Europe, the United States, Japan, the United States and Canada will follow suit, and the short-term tariffs will be eased. This wave of gold rise is actually affected by the increase in tariffs, so the ebb is also affected by the ebb of tariffs. 2. This agreement is only 90 days. In the long run, the tariff talks are only temporarily eased. Trade frictions have not been eliminated and will become more and more serious, so the logic of long-term gold rise has not changed. From a technical point of view, it has been cyclical recently: The cycles we often talk about have three forms, time, price, and trend. Look at the recent market yourself: 1. The opening is a retracement. 2. The continuity of the European market is not high and the rebound is the main one. 3. The volatility of the US market did not continue. 4. It will retrace around noon. I didn't say it, you didn't feel it, I said it, you can see if it is going this way recently. The same is true today. The market fell in a cycle around the opening, and the hourly line was in a continuous negative trend. The rebound continued to be short. 1. A correction in a weak situation, a single positive line is enough. 2. If the low point of yesterday's noon is broken, it means that the retracement will continue. 3. In terms of position, this kind of continuous decline pattern can be shorted by referring to the continued decline position in 5 minutes or the hourly line turning positive and pulling back. The first resistance level is 3232-33. 4. The morning continuous decline, the watershed morning high. 5. Whether the European session can break the previous low point is the key to weakness. 6. Still pay attention to the cycle. The European session is weak, and the US session continues to be short after the rebound. If the 3200 line is broken, the European session will fluctuate, and the US session will still fluctuate, and it will be weak in the early morning. 7. In any case, it should be noted that the possibility of gold's short-term retreat is very high, and it is not the right time, especially for long-term, short-term does not matter.
TVC:GOLDShort
by Yuliya1l11
The long and short gold competition continuesGold on Tuesday was more in line with our analysis ideas. We gave a short position at 3250-60, and the market conditions were also quite favorable for our entry opportunities. We notified the entry and exited with profits as gold fell back. The CPI was bullish and gold rebounded weakly, so our long positions were also safely exited with profits. Pay attention to the stabilization of the two supports of 3215-3225, and take 3200 as the turning point of the Fengshui Ridge. Hold it to continue to maintain the bottom shock operation or gradually rebound; once it breaks through 3270, the rebound will be strengthened to test the 3300 mark; if it breaks through 3300 and stabilizes, the downward adjustment will end and return to the upward trend; Then as long as 3270-3300 is still not suppressed in the middle, it will repeatedly rise and fall to test the bottom support; if 3200 is accidentally lost, it will point to 3160-3150, and you need to be mentally prepared in advance, hoping that it will not happen; looking at the 4-hour chart of gold: at this time, the 5-day short-term golden cross is expected to cross the 10-day, then above 3240 will become a certain support performance, and the key strong support is the annual moving average moving up to 3200; one resistance is the big Yin high point in front of 3290, which is also the dividing pressure, and the strong pressure is the middle track 3293, or close to the 3300 mark; pay attention to the gains and losses between support and resistance. The short-term focus on the upper side is the 3270-3290 resistance, and the short-term focus on the lower side is the 3215-3225 support.
OANDA:XAUUSDShort
by TP_Daniel5
3
Gold fluctuates repeatedly and is expected to fall below 3,200 📌 Driving factors The U.S. Department of Labor's Bureau of Labor Statistics announced on Tuesday that the U.S. Consumer Price Index (CPI) rose 0.2% month-on-month in April, lower than the 0.3% expected by economists. However, analysts warned that inflation may rise as tariffs gradually push up commodity prices. The United States and China announced on Monday that they would suspend tariffs for 90 days. According to the statement made by both sides after the Geneva talks last weekend, the United States will reduce tariffs on Chinese imports from 145% to 30%, and China will reduce tariffs on U.S. imports from 125% to 10%. Driven by bargain hunting, gold prices rebounded on Tuesday, and the weaker-than-expected U.S. inflation data released that day also helped gold prices rise. However, trade optimism limits the strength of gold's rebound. 📊Commentary and analysis Gold fell and then rose yesterday, and the final rebound stopped at 3,266. The trend is in line with our bearish expectations. As for the repeated fluctuations in the market, it is just a futile effort! Yesterday, due to the influence of the US CPI data, although gold rose in the short term, it was still under pressure and weakened. Today, the Asian session continued to fall in the early trading. As the support position near 3210 points is approaching, aggressive shorting is no longer appropriate! In terms of trend, the 4-hour level trend of gold is still under pressure. Yesterday, it was under pressure at the 3260 line, and then the market fell back. Recently, it has maintained a trend of continuously moving down lows, and the rebound highs are gradually decreasing. It can be seen that the bulls are less willing to attack, which is different from the previous surge. Gold adjustment has become inevitable. 💰Strategy Package Rebound short: short near 3265, stop loss 3269, target near 3220! Labaron believes that Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning income is a stage medal, and long-term stable and continuous profit is the only certificate to finally stand up from the sea of ​​corpses and blood.
OANDA:XAUUSDShort
by Labaron
1
Gold fluctuates. When will a new trend start?China and the United States reached a 90-day ceasefire agreement, and the price of gold returned to 3,200 from 3,400 US dollars. All traders are staring at the support level of 3,200 US dollars, and are very worried about whether it can withstand pressure; it will fall to a larger level, resulting in no trading opportunities for gold positions. I think your concerns are normal, and market fluctuations are also normal. There is no market that only rises and never falls; even in the bull market, there will be periodic adjustments. Next, the focus is on the maturity of US Treasury bonds in June. The impact of trade conflicts will soon be forgotten by the market; US CPI inflation continued to decline in April, from 2.4% in the early stage to 2.3%, getting closer and closer to the Fed's ultimate goal of 2%, which means that the Fed will soon have to restart the interest rate cut plan. Once the US Treasury bonds mature and default or trigger panic, or if Fed Chairman Powell reveals his intention to cut interest rates, gold will rise rapidly and may reach a high point within 1-2 days. Okay, everyone; you need to understand the basic situation, but the most important thing is the operation strategy during the Asian trading session. I think you can first test the long strategy around $3225, with a stop loss below 3215 and a profit in the rebound range of $3340-3360. Man, excessive worrying will not help; if you can't accept short-term volatility trading, you can wait and see and stay calm.
OANDA:XAUUSD
by Quaid-1
1
Trade Idea: XAUUSD Long ( BUY LIMIT )🔍 Technical Summary 1. Daily Chart: • Trend: Strong long-term uptrend, recent retracement. • MACD: Still above zero but showing a decline in momentum—suggesting a pullback within a bullish structure. • RSI (14): Neutral at ~50, signaling consolidation, not overbought or oversold. • Price: Holding above major moving average, bullish structure intact. 2. 15-Minute Chart: • Trend: Consolidation after downtrend, forming higher lows. • MACD: Positive crossover forming, upward momentum building. • RSI: ~60, showing moderate bullish momentum. • Price Action: Consolidation potentially forming a base at support near 3240. 3. 3-Minute Chart: • Trend: Clear short-term bullish breakout structure. • MACD: Bullish crossover active. • RSI: Trending upward but not overbought (~60), indicating room for upside. • Price Action: Small breakout underway above short-term resistance. ⸻ 🧠 Fundamental Backdrop (Gold): • Inflation & Rate Cut Expectations: Potential for Fed rate cuts continues to support gold. • Geopolitical Risk: Any flare-ups (e.g., Middle East or economic instability) tend to favor gold. • USD Weakness: If the USD weakens due to dovish Fed tone, it benefits XAUUSD. ⸻ 🏁 Trade Plan ✅ Trade Idea: LONG XAUUSD • Entry: 3250.00 • Enter slightly below current price for a minor pullback. • Stop Loss (SL): 3225.00 • Below recent local support and consolidation zone. • Take Profit (TP): 3300.00 • Just below recent swing highs for a conservative but strong target. FUSIONMARKETS:XAUUSD
FUSIONMARKETS:XAUUSDLong
by KeN-WeNzEl
GOLD XAU-USD CORRECTION COMPLETE REALLY TOWARD UP $3400 0PEN XAUUSD continues to trade within a clearly defined bullish channel, showing strong adherence to upward trendlines and key support levels. Recent price action confirms the ongoing strength of bullish momentum, with higher highs and higher lows reinforcing the prevailing trend. Technical indicators, including moving averages and RSI, remain aligned with buyers, while macroeconomic factors such as inflation concerns and global risk sentiment further support the upside narrative. As the precious metal steadily advances, the $3400 level emerges as a key psychological and technical target, suggesting that, barring significant shifts in market dynamics, gold may continue its trajectory towards new highs in the medium term."
OANDA:XAUUSDLong
by SadarExplore
Gold Price Analysis May 13Candle D shows a strong selling force approaching the key support zone of 3200, if it breaks this zone, it will confirm the continuation of the strong downtrend Gold is facing some selling force around 3265. There will be a lot of selling force waiting around 3270 and 3280. Today, you can watch for SELL around these two zones. If the breakout is confirmed towards 3317, you can implement SELL strategies. On the contrary, the nearest support zone for the breakout that gold is aiming for is around 3243. 3222 and 3200 act as two stops for a prolonged slide in gold prices today. Remember that in the large frame, a downtrend wave is starting to form, so the downtrend of gold can fall very strongly.
OANDA:XAUUSD
by TVS-Trader
Gold prices are expected to rise in the future!Market news: On Wednesday (May 14) in the early Asian session, spot gold fluctuated in a narrow range and is currently trading around $3,240/ounce. After the plunge on Monday, the London gold price rebounded slightly. The influx of bargain hunting provided support for the international gold price. In addition, the US CPI in April was weaker than market expectations, the Fed's expectations for rate cuts cooled, the US dollar index fell from a one-month high, and geopolitical concerns provided momentum for the gold price to rise.International gold faces three key variables: first, the follow-up progress of the Sino-US trade negotiations. Although the two sides reached a 90-day truce agreement, the comprehensive tariff policy still exists; second, the direction of the Federal Reserve's monetary policy. The mild performance of inflation data may create conditions for rate cuts; finally, global geopolitical risks, especially the evolution of the Russia-Ukraine peace talks and the India-Pakistan conflict. There are relatively few economic data on this trading day. US Secretary of State Rubio will attend the informal meeting of NATO foreign ministers from May 14 to 16 to discuss NATO's security priorities, including increasing defense investment and ending the Russian-Ukrainian war. In addition, several Federal Reserve officials will give speeches, and investors need to pay attention! Technical Review: The gold daily chart closed sharply below 3207, and the price broke away from the MA10/7-day gold bottomed out and rebounded in the late trading. The daily line closed with a small positive K and closed above the 3250 mark. After the extremely weak decline in the US market, the trend turned strong in the early morning, forming a wide range of fluctuations around the 3220/3270 range. The daily MA10/7-day moving average of the daily chart opened and suppressed 3296/3310 downward. The short-term four-hour chart and the hourly chart moving average were glued together, and the hourly chart Bollinger band closed. It closed strongly above the 3250 mark in the early morning, and the Asian market needs to pay attention to the strength of the counterattack of buying. Today's trading ideas are still expected to fluctuate, sell at high prices and buy at low prices to participate in short-term layout.At present, gold selling is temporarily resting. The intraday gold surge and the sharp drop before the data also show the repetitiveness of market sentiment. However, in the future, some factors that are conducive to selling are gradually implemented. The Fed's interest rate cut will be put on the agenda again in the medium term. The medium-term favorable pattern for gold has not changed, so in terms of operation, you can wait for the retracement to continue buying and continue to be bullish on gold. Today's analysis: The monthly chart of gold is running in an upward trend, and the long-term trend is neutral and upward; the weekly chart is a high-level shooting star, and the medium-term trend is expected to fall; the daily chart fails to hit the previous high and runs downward, and the short-term trend is expected to fall; the intraday short-term breaks through the 3248 suppression and continues upward, and the short-term stop-loss pattern appears. So far, the market has been repeatedly sorted above the 3215 area, and the short-term selling slows down and shows signs of stopping the decline!Note that if the one-hour closing today breaks above the 3348 area, then be careful when selling, and there is a high probability that the market will bottom out and reverse, which means that a new round of swing buying will start! At that time, you can directly choose the opportunity to buy the bottom! For the current short-term gold, focus on the stabilization of the two supports of 3215-3225. Take 3200 as the turning point of the Fengshui Ridge, and keep it to continue to maintain the bottom shock or gradually rebound; once it breaks through 3270, the rebound will be strengthened to test the 3300 mark; if it breaks through 3300 and stabilizes, the downward adjustment will end and the trend will return to rise; Operation ideas: Buy short-term gold at 3227-3230, stop loss at 3228, target 3270-3290; Short-term gold sell at 3265-3268, stop loss at 3277, target 3230-3210; Key points: First support level: 3225, second support level: 3215, third support level: 3200 First resistance level: 3260, second resistance level: 3278, third resistance level: 3300
OANDA:XAUUSDLong
by Toml1314