Gold---sell near 3355, target 3330-3320Gold market analysis:
The gold buying and selling game in the past two days is quite fierce. The daily line is washed back and forth, with a combination of one Yin and one Yang. The upper and lower shadows of the daily line are relatively long. Yesterday, the daily line closed with a standard hammer candle pattern. After breaking the strong support of 3320, the price did not continue to fall, but bottomed out at 3308 and began to rise strongly, which eventually led to the short-term selling dream being shattered again. The daily line and K showed alternating conversions. The short-term trend is vague, but the long-term trend is still buying. This wave of repairs has the participation of fundamentals and the repair of gold itself. In the big cycle, it is difficult to form a daily selling trend without breaking the position of 3281. In addition, the fundamentals all support gold. I think the possibility of a deep fall in gold in the near future is very small. We are just a follower. In the short term, we focus on the intraday trend to operate. Yesterday, the daily line had a tail, and the possibility of continuing to fall today is small. Let's look at the repair rebound in the Asian session first. The first suppression position for buying rebound is around 3357. This position is also a form suppression and an indicator suppression. The other suppressions are around 3366 and 3377. Note that gold is not unilateral. When encountering great pressure, we must also consider selling opportunities. Today, I think it will rebound first and then fall back.
Support 3327 and 3320, strong support 3308, pressure 3344.3357.3366.3377, and the strength and weakness dividing line of the market is 3340.
Fundamental analysis:
There are not many fundamentals this week. The data released yesterday still suppressed gold as a whole, but the gold tail market still bottomed out and rebounded.
Operation suggestions:
Gold---sell near 3355, target 3330-3320
Goldpreis
XUA/USD) Bearish Analysis Read The captionSMC trading point update
Technical analysis of XAU/USD (Gold vs USD) on the 1-hour timeframe. Here's a breakdown
Technical Analysis Summary
1. Descending Channel:
The price is moving within a clear descending channel, indicating a bearish market structure.
Recent price action rejected the upper boundary of the channel, strengthening the downtrend bias.
2. Resistance Rejection:
A key resistance level around 3,340–3,345 was retested (marked with a red arrow) and rejected.
Price has already shown early bearish candles post-rejection, suggesting weakness at that level.
3. 200 EMA (Exponential Moving Average):
Price is currently hovering around the 200 EMA, and a clean break below it could accelerate the bearish move.
4. RSI Indicator:
RSI is around 46, below neutral 50, showing bearish momentum is building but not yet oversold.
No divergence is present, supporting the idea of continuation.
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Bearish Playbook
Entry Idea: After the rejection at the resistance zone and confirmation of lower highs.
Target: 3,313 – 3,310 zone (marked as the “key support level” and “target point”).
Risk Management: A stop loss above 3,345 (above the resistance zone) would be a prudent protection level.
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Confluences Supporting the Short Setup:
Rejection at horizontal resistance.
Alignment with the descending trendline/channel.
Price trading near or below the 200 EMA.
RSI slightly bearish.
Caution:
Watch out for any macroeconomic news or high-impact events (highlighted with the economic event icons) that could inject volatility.
A strong break back above the resistance could invalidate this bearish setup.
Mr SMC Trading point
Conclusion:
This setup anticipates a bearish continuation targeting the 3,310 support zone. Ideal for short-term traders looking for downside opportunities, provided price respects the trend and fails to reclaim the resistance.
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Gold prices are on the rise again!Market news:
In the early Asian session on Friday (July 18), spot gold fluctuated in a narrow range and is currently trading around $3,336 per ounce. London gold prices staged a thrilling "deep V" market yesterday, hitting a daily low of $3,309 during the session and recovering to 3,339 at the end of the session. Strong US retail sales and employment data drove the dollar to rebound and US Treasury yields to rise, putting pressure on interest-free assets such as gold. Despite this, geopolitical tensions and rising tariff risks are still providing bottom support for the gold market. The international gold market is currently in a multi-game of Fed policies, US economic data, US dollar trends and tariff policies. The Fed's position of postponing interest rate cuts, strong retail and employment data, and the rise in the US dollar and US Treasury yields have suppressed gold prices in the short term. This trading day needs to pay attention to the preliminary value of the University of Michigan Consumer Confidence Index in July and US real estate market data, pay attention to the G20 Finance Ministers and Central Bank Governors Meeting hosted by South Africa, and pay attention to news related to the international trade situation.
Technical Review:
Gold closed with a small positive line with a long upper shadow yesterday. Although it ended the continuous negative trend, it still faced sideways resistance below 3374, and the overall market still needs to be treated as a shock consolidation. From a large cycle perspective, gold has entered a convergent triangle consolidation phase of nearly three months. Among them, the lower track support line gradually moved up to above 3310. The support strength of this position continues to increase as the consolidation time lengthens. If the price touches or approaches this point, you can decisively try to buy the bottom layout.For two consecutive trading days, gold has been consolidating in a larger range of 3377/3310, and finally closed at the starting point of the daily Bollinger band middle track at the end of the trading day. Gold returned to the middle axis of the range at 3340. The daily chart Bollinger band middle track, the RSI indicator middle axis flattened, the four-hour chart hourly chart Bollinger band middle track, and the RSI indicator neutral middle axis. On Friday, the layout of the day will still be based on a wide range of fluctuations. Look at the 3320/3360 range first. Alternating buying and selling cycles, large range of wide fluctuations!
Today's analysis:
In the past two days, gold has always risen in the US market due to news. Last night, Trump called on the Federal Reserve to cut interest rates, and gold rose again. However, judging from the recent market, the market stimulated by the news is still unsustainable. Since gold has rebounded now, gold will continue to sell at a high level in the early trading.
Excluding yesterday's market affected by Trump, the gold price operation pattern this week is close to perfect, and it has been steadily operating under the suppression of the downward trend line. Therefore, the market has given a clear direction. It is OK to sell when the Asian market rebounds to the pressure level. Gold is still in a fluctuating downward trend in 1 hour!
The downward trend resistance of gold has moved down to around 3350. Before gold effectively breaks through 3350, gold is under pressure at 3350 and continues to sell at high prices. Today, Friday, the probability of gold having a big market is relatively high, and if there is a big market on Friday, it is basically weak throughout the day. If it is strong, it is strong throughout the day. As long as gold continues to be weak in the European market, it is likely that gold will continue to fall today.
Operation ideas:
Buy short-term gold at 3317-3320, stop loss at 3308, target at 3340-3360;
Sell short-term gold at 3352-3355, stop loss at 3364, target at 3330-3310;
Key points:
First support level: 3323, second support level: 3310, third support level: 3290
First resistance level: 3348, second resistance level: 3360, third resistance level: 3377
Pay attention to the 3350 high point suppression!At present, we are paying attention to the short-term pressure near 3340-3350. If this position is not broken today, the daily line will continue to maintain a downward oscillation state, and continue to pay attention to the short-term competition near 3340-3350. Considering that the US dollar index is at a relatively high level in the short term, there is a certain demand for pressure repair, which may also bring a certain range of fluctuations to gold. Therefore, the gold operation maintains a range of fluctuations of 3300-3350. In the short term, we also need to pay attention to the emotional impact brought by fundamentals. From the current gold trend analysis structure, the short-term support below continues to focus on the vicinity of 3310-3300, the short-term suppression above focuses on the vicinity of 3340-3350, and the key pressure above focuses on the vicinity of 3380. The overall trend is running around the 3300-3350 range. The operation is mainly to participate in the volatile market with the idea of selling high and buying low, and remain flexible in response. It is recommended to wait and see more and do less in the middle position, chase orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy: Go long when gold falls back to around 3315-3305, with a target of 3335-3340.
How to seize deterministic trading opportunities?The rebound momentum of the gold market has been significantly enhanced today. After breaking through the 3345 resistance in the Asian session, it has continued to rise. It has now reached around 3360, and has rebounded by more than US$50 from this week's low of 3310, setting a new rebound high in the past three trading days. After the gold price effectively broke through the key resistance band of 3340–3350, it triggered some short stop loss trading and trend funds to enter the market, driving the price to accelerate the upward trend. Judging from the hourly chart, the trading volume has increased by about 30% compared with the same period yesterday, indicating that the market's recognition of this round of rebound has increased significantly.
A physically full sun candle chart has been closed in the 4-hour cycle, successfully standing on the Bollinger middle track, further confirming the upward structure, the mid-track support area 3340–3345 has become a key position for bulls' defense, and the short-term structure of the market is still relatively strong. Overall, the intraday retracement range of gold is limited, and the probability of continuing to rise is relatively high. In terms of strategy, it is still recommended to go long. In the short term, focus on the 3340–3345 area retracement support, and the stop-profit target is 3365–3370; if the upward breakthrough, pay attention to the suppression performance of the 3370–3375 line, beware of highs and falls, and pay attention to controlling risks.
XAU/USD) bearish Trend Read The captionSMC trading point update
Technical analysis of XAU/USD (Gold Spot vs US Dollar) on the 1-hour timeframe. Here's a breakdown
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Technical Breakdown:
1. Descending Channel:
Price is trading within a clearly defined downward-sloping channel (black trendlines).
This suggests a short-term bearish trend.
2. Resistance Zone (Yellow Box at 3,335–3,340):
Price recently rejected from this resistance area.
This zone aligns with both the 200 EMA and previous structure, strengthening its validity.
3. EMA Confluence:
The 200 EMA (3,336.798) is acting as dynamic resistance.
Price is currently below the EMA, confirming the bearish bias.
4. Support/Target Zone:
The projected target zone is around 3,313.266, labeled as a support level.
This level has acted as previous structure support, increasing its significance.
5. RSI Analysis:
RSI is at 37.18, close to the oversold region, but not yet fully exhausted.
Suggests there’s still room for a downside move before any potential bounce.
Mr SMC Trading point
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Trade Idea Summary:
Bias: Bearish
Entry: Below the resistance zone (~3,335–3,340)
Target: 3,313 (support zone)
Invalidation: Break and hold above 3,340–3,345
Risk Note: Watch for potential consolidation or fakeouts before continuation.
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Gold price fluctuates! Gold operation guide!Market news:
In the early Asian session on Thursday (July 17), spot gold fluctuated in a narrow range and is currently trading around $3,341 per ounce. Rumors that Trump plans to fire Federal Reserve Chairman Powell caused violent market fluctuations. The US dollar once plummeted, and then narrowed the decline; while the London gold price gave up most of its gains after soaring. If Powell is fired in advance, it may be unfavorable to the US dollar, because it will shake the outside world's confidence in the US financial system and the safe-haven status of the US dollar.
Trump's repeated statements have caused the international gold price to experience violent fluctuations in a short period of time. The market's concerns about the independence of the Federal Reserve have become an important driving force for the rise in gold prices. However, geopolitical tensions still support gold prices. Israel launched an airstrike on Damascus, Syria on Wednesday, destroying the Ministry of Defense building, which is very close to the Syrian presidential palace. Trump's trade policy has further injected uncertainty into the gold market.
Technical Review:
The news that Trump's big mouth "considered replacing Federal Reserve Chairman Powell" caused violent fluctuations in the financial market. Although the storm subsided after Trump's denial, Wall Street has sounded the alarm. Rumors that Trump will fire Powell caused market volatility, and the US dollar index plunged and closed down 0.36% during the session. Spot gold was on a roller coaster ride, rising sharply from 3320 to 3377 in the late trading, then plunged back to 3336 and then rose again to 3357 before closing sideways around the 3350 mark.Technical daily chart structure alternates between positive and negative cycles to maintain the adjustment of the Bollinger band middle track, the indicator is neutral, the Bollinger band closes, and the RSI indicator is flat. The four-hour chart and hourly chart indicators are neutral. Affected by market news, the gold price alternates between long and short cycles and fluctuates widely, the moving average is glued, the RSI indicator middle axis is flat, and the Bollinger band is flat and closed. Gold maintains a wide range of fluctuations, selling at high prices and buying at low prices.
Today's analysis:
The gold market last night was quite exciting. In the middle of the night, Trump claimed that he would fire Powell. After the news came out, gold soared by more than 50 US dollars in a short period of time, but the market was only controlled by emotions in a short period of time. After all, the chairman of the Federal Reserve is independent, and Trump cannot have the right to fire Powell. Once the emotions passed, although gold fell sharply, it also pushed up the trend of gold prices to a certain extent! At present, after the strong rise of gold in 1 hour, it quickly fell back and closed with a long upper shadow line. The change in gold buying did not successfully stabilize. Then this market is actually a kind of catharsis of the news. The confidence of gold buying in directly rising again is not very sufficient. The gold 1-hour moving average is still in the form of dead cross selling. So gold rebounds or continues to sell.The gold 1-hour pattern excludes the influence of the upper shadow line stimulated by yesterday's news. In fact, the whole rhythm is still fluctuating and falling. The upper shadow time is not long, and it is probably just a temptation to buy. After the ups and downs of gold last night, it rebounded again to the 3360 line or continued to fall under pressure. So gold continued to rebound under pressure and continued to sell at high prices below 3360.
Operation ideas:
Buy short-term gold at 3325-3328, stop loss at 3317, target at 3350-3370;
Sell short-term gold at 3357-3360, stop loss at 3368, target at 3340-3320;
Key points:
First support level: 3330, second support level: 3319, third support level: 3303
First resistance level: 3358, second resistance level: 3370, third resistance level: 3386
The firing of Powell set off the market, don't chase the longsTrump showed a draft of the letter to fire Powell, but whether Powell will be fired in the end remains to be seen, but the impact on the gold market is undoubtedly huge. The wolves have now smelled a very dangerous scent. Don’t chase high prices. Don’t chase high prices! ! ! After all, the impact of the news comes and goes quickly, and there is a high possibility of a reversal later in the evening. The final suppression position of the current gold daily line is 3340. If the closing line today can maintain above 3340, then gold will usher in a real bullish trend in the future.
OANDA:XAUUSD
Gold fluctuated downward. Stuck in a stalemate.Information summary:
Global investors have experienced the longest night this year. There are reports that Trump has drafted a letter to fire Federal Reserve Chairman Powell. The incident triggered a strong reaction in the financial market. An hour later, Trump came out to clarify that "there is no plan to take any action" and denied drafting a letter to fire Powell.
Due to the impact of the incident, gold experienced a roller coaster market, soaring more than $50 at one time, hitting a three-week high of $3,377.17, and then narrowed its gains to 0.68%, and finally closed at $3,347.38. In today's Asian market, gold fell slightly and is currently hovering around $3,325.
Market analysis:
The current volatility pattern has not changed. In the short term, the market shows signs of weakness, which is also affected by CPI data, and expectations for interest rate cuts have weakened. In the current state where there is no break in the pattern, waiting and watching is still the best strategy.
The first support level is around 3,310, which is the starting point of last week's high. The second is around 3280, which is the historical low since July and also the starting point of the rise in the first week of July.
XAU/USD(20250717) Today's AnalysisMarket news:
The annual rate of PPI in the United States in June was 2.3%, lower than the expected 2.5%, the lowest since September 2024, and the previous value was revised up from 2.6% to 2.7%. Federal Reserve Beige Book: The economic outlook is neutral to slightly pessimistic. Manufacturing activity declined slightly, and corporate recruitment remained cautious.
Technical analysis:
Today's buying and selling boundaries:
3348.05
Support and resistance levels:
3405
3383
3369
3326
3312
3290
Trading strategy:
If the rise breaks through 3348, consider entering the market to buy, the first target price is 3369
If the fall breaks through 3326, consider entering the market to sell, the first target price is 3312
Fake news stirs up the market, market trend analysis📰 News information:
1. Beige Book of Federal Reserve's economic situation
2. European and American tariff trade negotiations
📈 Technical Analysis:
Today, our overall trading can be said to have accurately grasped the trading points, and both long and short positions have earned us good profits.The gold market surged due to Trump's intention to fire Powell. Trump then denied the plan, which dissipated the risk aversion in the gold market and the overall rhythm fell back to a volatile pattern. The current market price of gold closed with a long upper shadow line, indicating that there is a certain need for adjustment in the market. Although the news stimulus has pushed it up to 3377, we need to be vigilant against the risk of a decline after a high rise. Pay attention to today's closing. If it closes below 3345, the bearish trend may continue in the future.
OANDA:XAUUSD PEPPERSTONE:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD FXOPEN:XAUUSD
The high probability intraday trading strategy for gold is here!After gold fell below 3341 yesterday, the highest point of the rebound was around 3350-52. Today, we are long at 3320-25, and the target of 3340-45 has been reached. We continue to pay attention to the short-term suppression of 3340-45, but the overall rebound strength is limited. The 3340-45 point fell back several times last Friday, and it is now broken again. Therefore, we can participate in the short position at 3340-3345 in advance. Gold rebounded at 3322 today. Technically, it needs to rebound and repair when it falls back to 3316-20, so we can look for opportunities to go long below to seize the profit space of the rebound.
From the 4-hour analysis, the short-term pressure above is around 3340-3345, and the current focus is on the support of the middle track 3310 at the hourly level. If the gold price can effectively hold the 3310 area, it is expected to bottom out and rebound and test the intraday high, but the upper rail resistance of the 3345 channel is strong, and it may still fall under pressure when it is touched, and the range shock judgment will be maintained at that time. In terms of operation, if you hold this support, you can consider light positions to try short-term longs, and pay attention to the short-term support of 3320-3315 below. Relying on this range to maintain the main tone of high-altitude low-multiple cycles during the day, the middle position is always more watchful and less active, cautiously chasing orders, and patiently waiting for key points to enter the market. I will prompt more specific operation strategies at the bottom, and pay attention in time.
Gold operation strategy: Gold falls back to the 3322-3317 line to go long, the target is 3335-40 line, and continue to hold if it breaks.
Gold adjustment is complete and continue to be long
Gold rebounded at 3322 today. Technically, it needs to rebound and repair when it falls back to 3318-25, so we can find opportunities to go long below to seize the profit space of the rebound. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us!
From the 4-hour analysis, the upper short-term pressure focuses on 3340-45, and the lower short-term support focuses on 3318-20. Relying on this range, the main tone of high-altitude low-multiple cycle participation remains unchanged during the day. In the middle position, watch more and move less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
Gold falls back to 3318-25 and goes long, stop loss 3312, target 3340-45, and continue to hold if it breaks;
Public short selling profit, NY short-term multiple layoutInterest rate futures data showed that the results were in line with our previous expectations, with a lower rate cut this month and a higher probability of a 25 basis point cut in September. In the short term, gold may first take profits and then rebound. NY session trading has just begun. Bros can pay attention to the 3335-3330 area below. If it falls back and stabilizes, you can consider participating in long positions, defending 3325 and targeting 3355-3365.
OANDA:XAUUSD
Gold fluctuates and moves lower! Gold price falls!Market news:
In the early Asian session on Wednesday (July 16), spot gold fluctuated slightly higher and is currently trading around $3,330/ounce. After the release of US inflation data, the market's focus shifted from macro data and interest rate prospects to policy risks again. The US dollar index strengthened by 0.6%, which also exacerbated the short-term pressure on London gold prices!
Although gold prices have shown a downward trend in the short term, market sentiment has not completely turned to pessimism. The uncertainty of tariff policies may provide support for gold prices. We are still optimistic about the long-term trend of gold, and the market's attention to tariffs will drive international gold prices to rebound in the future.
Next, investors will focus on the US Producer Price Index (PPI) to be released on Wednesday, as well as speeches by Fed officials to assess policy trends. Many institutions believe that in the context of intensified global policy games and increased volatility of the US dollar, the importance of international gold as a safe-haven and anti-inflation asset is still increasing.
Technical review:
Gold hit a high of 3,366 yesterday and was blocked and fell back. It broke down to 3,320 during the US trading session and closed with a long shadow on the daily line. Today, the trend is to continue to fluctuate, and there should not be much room below. The current support level is near the daily MA5 and the middle track. The next step is still the focus. If you want to rise, you can't go down here. If you go down, you will continue to sweep back to 3320 and 3300!
The daily line maintains a continuous negative structure. The further strengthening of the US index puts gold and silver under downward pressure. The gold price on the daily chart returns to below the MA10 daily moving average, the New York closing plus the 5/7-day moving average, the RSI indicator middle axis is flat, and the price is running in the middle and lower track of the Bollinger band. The four-hour chart and the hourly chart moving average cross open downward, the RSI indicator runs below the middle axis, and the Bollinger band hourly chart opens downward and runs in the middle and lower track of the price. The gold trading idea remains unchanged with the high-price selling layout as the main layout, and the low-price buying is auxiliary.
Today's analysis:
Gold has been very weak in the past two days, and it has been going up and down. Gold finally fell as expected yesterday. Gold won three consecutive victories yesterday. Gold bought at a high level and failed. Gold will be sold again next. Gold rebounded in the Asian session and continued to sell.
Gold's 1-hour moving average has also begun to turn downward from a high position. If the gold's 1-hour moving average forms a dead cross downward, the downward momentum of gold will increase, and gold still has room to fall. Gold fell below the previous double bottom support of 3346 in the US market yesterday. Now gold's 3346 short-term has begun to turn into resistance. Gold is under pressure at 3346 in the Asian market and continues to sell at high prices.
Operation ideas:
Short-term gold 3310-3313 buy, stop loss 3302, target 3340-3360;
Short-term gold 3346-3349 sell, stop loss 3358, target 3320-3300;
Key points:
First support level: 3320, second support level: 3308, third support level: 3292
First resistance level: 3346, second resistance level: 3360, third resistance level: 3376
XAU/USD(20250716) Today's AnalysisMarket news:
Sources said that after Trump's latest trade tax threat, the European Central Bank will discuss a more negative scenario next week than expected in June. The ECB is still expected to keep interest rates unchanged at its meeting on July 24. Discussions on rate cuts are still postponed to September.
Technical analysis:
Today's buying and selling boundaries:
3353.05
Support and resistance levels:
3386.70
3374.12
3365.96
3340.13
3331.97
3319.40
Trading strategy:
If it breaks through 3353.05, consider buying in, the first target price is 3365.96
If it breaks through 3340.13, consider selling in, the first target price is 3331.97
Beware of false decline and real rise of gold
💡Message Strategy
On Tuesday, the dollar index continued to rise, eventually closing at a high of 98.68, after a mild inflation report sparked speculation that the Federal Reserve might keep interest rates unchanged for the time being.
Spot gold gave up its intraday gains after the release of CPI data, once touching the $3,320 mark, falling for the second consecutive trading day.
📊Technical aspects
In the hourly chart, gold has already touched the support trend line overnight.
Therefore, at present, it may be inclined to rebound, and gold still maintains an upward trend as a whole.
However, the upper 3340-45 is a short-term suppression position. If it cannot stand firm and break through 3340-45 today, it is not ruled out that it will continue to maintain 3320-40 for consolidation.
On the contrary, as long as it can stand firm above 3345 today, then gold will really rise in the future.
It is very likely that the high point of 3375 at the beginning of this week may be refreshed.
Therefore, in terms of operation, I suggest paying more attention to 3320-30. After all, 3320 is the overnight low. As long as it is not broken again, the probability of gold rising is very high.
However, if it falls below 3320 again today, it is not ruled out that it will continue to refresh the low.
💰Strategy Package
Long Position:3320-3330,SL:3305,Target: 3365
Gold bearishness once again in line with expectationsThe data released so far show that the US inflation data is stable and tends to decline, which increases the possibility of the Fed's monetary policy. The US dollar index fell first and then rose. Gold opened at around 3344 and rebounded all the way. The current highest rebound is around 3366. It fell back to 3352 before the data was released, and then quickly rebounded to 3360. After the data was released, it fell again quickly, and the current lowest touched around 3346. The short orders around 3360-3365 that we shared with brothers before were basically the highest short orders of the day, and we successfully completed our first goal. The brothers who participated in it all made good profits. Judging from the current trend of gold, we continue to participate in short orders during the rebound, and the long position is still around 3335-3330. After the release of the CPI data, it is bearish overall. The core is that it is lower than market expectations but higher than the previous value. Inflation has heated up again, which has once again suppressed the expectation of interest rate cuts. After this data, it also laid a good foundation for the decline in the market. If the price goes up again, it will still rely on the 3365 level to go short again. The data is obviously bearish, and it scared a lot of long positions before it was released.
Gold reference ideas:
Continue to short when it rebounds to around 3358-3365, with a target around 3350-3340;
Go long when it falls back to around 3335-3330, with a target around 3350.
Bullish adjustments are ready to counterattack at any time
Today, we will first look at the adjustment of gold. The current overall price framework is relatively favorable to bulls. After all, after the continuous breakthrough in the previous period, the current daily line has also stood firmly above the short-term moving average. Whether it will reverse again in the future is also the key trend in the later period. Although the US market was in a retracement yesterday, it did not break the key support of 3325-30 below. This position can also be used as the key support point and watershed position in the later period. Only if this position continues to fall, it may turn from long to short in the later period. Yesterday, we had a long order at 3341 and successfully made a profit at 3348. After three consecutive trading days of rebound, the overall price finally came under pressure at the 3375 mark and ushered in a suppressed decline and shock adjustment. Although there was a shock decline adjustment in the short term, the overall technical pattern is still in the bullish shock upward rhythm. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate!
From the 4-hour analysis, the bullish strong dividing line below is 3325-30. Below, we focus on the short-term support of 3340-45. The daily level stabilizes at this position and continues to maintain the bullish rhythm of falling back and following the trend. The short-term pressure focuses on the vicinity of 3370-75. The overall main tone of high-altitude low-multiple cycle participation remains unchanged based on this range.
Gold operation strategy:
Gold falls back to 3340-45 and goes long. Fall back to 3325-30 and add more positions. Stop loss 3317. Target 3365-70. Continue to hold if it breaks;
Converging triangle, may rise again in the short termUnder the influence of recent tariffs and the Federal Reserve's interest rate cuts, the main trend of the gold market remains bullish, but from the weekly and monthly level analysis, there is a high probability that it will pull back again after this round of highs and maintain a large range of fluctuations at a high level. Technical analysis shows that gold currently does not have the conditions for a unilateral surge at the daily level. Although the key level of 3345 has been broken, the continuity of the market is extremely poor, and volatility is still the main theme. At present, the trend of gold has formed a converging triangle pattern, and it may rise again in the short term. However, we need to be vigilant that the weekly line may form a high-rise and fall pattern, and the price of gold may fall back to 3300! Therefore, in today's late trading, you can consider retreating to the 3335-3330 area to go long
OANDA:XAUUSD
XAU/USD(20250715) Today's AnalysisMarket news:
Sources said that after Trump's latest trade tax threat, the European Central Bank will discuss a more negative scenario next week than expected in June. The ECB is still expected to keep interest rates unchanged at its meeting on July 24. Discussions on rate cuts are still postponed to September.
Technical analysis:
Today's buying and selling boundaries:
3353.05
Support and resistance levels:
3386.70
3374.12
3365.96
3340.13
3331.97
3319.40
Trading strategy:
If it breaks through 3353.05, consider buying in, the first target price is 3365.96
If it breaks through 3340.13, consider selling in, the first target price is 3331.97
Today's summary and tomorrow's market forecast📰 News information:
1. Focus on tomorrow's CPI data
2. Bowman's speech at the Federal Reserve
3. Tariff information outflows and countries' responses to tariff issues
📈 Technical Analysis:
Bros, I had some things to deal with just now so I went out for a while. Now I come back to share my ideas. When the market is blindly chasing longs, I chose to give a bearish trading opportunity. I know that after I proposed the idea of shorting to test the support level of 3340-3330 below, many people were skeptical and even looked at it with a sarcastic attitude. After all, most people in the market are long. But facts and results have proved that only by following the trend can there be better room for operation. When doing transactions, you must first have a clear goal. Those who follow the crowd will often only blame their mistakes on others or luck.
Regarding the arrangements for future trading, first of all, 3375-3385 above is still an important short-term resistance. If today's closing is above 3360, then 3375 will most likely be tested again during the Asia-Europe trading session. Once it goes up again, it is very likely to break through the resistance area of 3375-3385. Before the US data, the price may stay at 3390 or 3400. On the contrary, if today's closing is below 3360, then the price still has room for adjustment. In this way, 3340 will not be the low point of this week. The bearish volatility in the Asian and European sessions will also test the strong support of 3330-3320.
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.
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