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Gold prices fell by more than $50. Two news will be released.At the end of the Asian session, gold accelerated its decline, with the lowest price falling to around $3,123, and plummeting more than $50 during the day. Gold prices continued to fall in the Asian session and were under pressure from multiple factors. Optimism about Sino-US trade weakened gold's safe-haven effect. In addition, reduced bets on the Fed's rate cuts and rising US Treasury yields are also not conducive to gold prices. There are two pieces of news to pay attention to in today's trading market. 1. At 8:30 a.m. US time, the U.S. Census Bureau will release April retail sales data. 2. At 8:40 a.m. US time, Federal Reserve Chairman Powell will deliver an opening speech at the second Thomas Laubach Research Conference. (This conference will focus on research on monetary policy and economics, and is expected to provide an academic perspective for the Fed's commitment to review the monetary policy framework every five years.) Trading analysis: Gold prices have just fallen below the $3,140 support level, which makes gold prices vulnerable. Some follow-up selling could push gold further towards $3,100; if it falls below this level, gold could target $3,060. On the upside, if gold prices rise back above the $3,160-3,170 area, it could face strong resistance at the Asian session high and then $3,200. Any further gains in gold prices could be seen as selling opportunities and could lose upward momentum around $3,230. This is a key level, and if it breaks through this level, a new round of short-covering could push gold prices up to $3,265 to form resistance before moving towards the $3,300 mark. Market trading is risky, and I hope you will take profits in time; make a good profit.
OANDA:XAUUSDShort
by Quaid-1
Gold plummets, pay attention to the 3100 first-line support🗞News side: 1. Russia and Ukraine hold ceasefire talks 2. Initial jobless claims data released during today's US trading session 3. Trump administration exposed to trillions of national debt 📈Technical aspects: Gold has been in a sideways consolidation yesterday, and we did not have a good entry opportunity to trade in the evening. Today, it has been falling with inertia since the opening of the market. It has now fallen to around 3130, successfully breaking through 3150, the key early point. At present, the daily chart of gold is in a downward wedge arrangement, with the focus on 3130 support below and 3200 suppression above. If the European market cannot fall below 3130, then be wary of bullish counterattacks. On the other hand, if we fall below the 3130 line, we will fall back and continue to focus on the 60-day moving average support 3105-3110 area. Therefore, in terms of operation, gold will first focus on the 3130 first-line support. If it breaks below, wait for the 3105-3110 area and then consider buying based on the long-short game. The top target is the 3190-3200 area. If it does not break 3200, then go short! 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. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
Gold price plunges suddenly. Technical analysis.Information summary: During the Asian session, gold prices suddenly plunged, and the price of gold has now hit a low of $3,148, down more than $44 from the intraday high of $3,192.78 hit earlier. Gold prices continued to fall after breaking the $3,200 support I predicted earlier, and gold prices fell to a one-month low, continuing the recent decline. The sharp reduction in tariffs between the United States and China has brought relief to global markets and led to a rebound, which has caused gold to correct and break through multiple technical levels. Technical analysis: In the short term, according to the 4-hour chart, the outlook for gold is bearish. Gold prices are trading below all of their moving averages, and the 20-period SMA has fallen below the 200-period SMA, which is located at $3,232, which will constitute an important resistance if the gold price trend recovers. Finally, technical indicators lack directional strength, but remain at negative levels, reflecting a lack of buying interest. I think traders need to pay attention to the latest important support and upward resistance levels: Support: $3140. Resistance: $3100; $3215; $3232.
OANDA:XAUUSDShort
by Quaid-1
Gold continues to fall seize the opportunity to enter the market 📌 Driving factors China-US container shipping routes rose sharply - factories rushed to produce overnight, taking advantage of the tariff cooling-off period, those who should stock up are working overtime to complete the tasks. This is the situation seen on the first day after the tariff reduction, indicating the complementarity between China-US trade. The long-awaited US-Japan and European and American tariffs have not yet ushered in substantial benefits, but Europe said that this is an unfair negotiation and has not been concluded yet. Trump went to the Middle East and signed a 100 billion weapons order, stabilizing the Middle East before Europe. 📊Comment analysis The Asian session fell in the morning, pay attention to a few points: 1. The upper watershed opened at 3193 in the morning, the short watershed. 2. Directly break the 3168 long watershed, the next support is at 3145, 3130. 3. For now, the Asian session will continue to fall in a cycle, the European session will pull back after breaking the bottom, and the US session will continue to retreat. 💰Strategy Package For short-term operations, short selling can be done near 3166, stop loss 3169, target 3140, 3135. 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 sea of ​​blood and corpses.
OANDA:XAUUSDShort
by Labaron
2
Gold fell. How is the market?Gold fell sharply at the opening today, and the lowest point hit $3175. From the weekly line, this has already touched the weekly MA10 moving average position. Quaid believes that traders should not blindly carry out short strategies. If there is a price rebound, the rise will be very fast, and the market may not give you a chance to stop loss. From the 4H chart, we can see that gold has started a downward trend from last Friday's high of $3345. $3345-3307 is wave a. $3307-3360 is wave B. Currently, it is wave C from around $3360. However, this wave C has not ended yet. If we look at it by standard, it will be considered the end of this trend only when it goes down to around $3120. However, around $3175 is a support position. So now before it falls below $3175, gold may maintain a shock adjustment of $3200-3175. I think you need to pay attention to the short-term resistance level of $3200-3250. If it cannot be as strong as breaking, then we can still carry out a short strategy below 3200.
OANDA:XAUUSDShort
by Quaid-1
Do you think gold can still rise? Don't be naive. The support strength of 3200 should not be underestimated, but I don't think it is difficult to fall, it's just that the market is too weak. If you say that every decline is very fierce and infinitely close to the rebound of 3200 points, then you can say that it has strong support. The problem is that it only tried on Monday and never tried to break through since then? It just started to fluctuate after 3207 points. The so-called support effect must be accompanied by a rebound and counterattack, which can prove its significance, but have you seen a big rise in gold? I can only call it a slight rebound performance. . You have seen the rise, right? Soaring, continuous rise, retracement rise, unilateral rise, all of these premises require a steady stream of buying orders in the market, don't care why it is, it is like this when the emotional rise comes, does every rise not need any reason at all? But now you actually start to use CPI data or other news to see the rebound of gold. Isn't this originally contrary to the emotional rise? From offense to defense, you should be more static and wait until the market really goes up, not too far, to recover above 3,300 points, and then regain bullish interest, right? Or do you think the decline is over? Yes, I once shorted and thought that 3,200, 3,100, and 3,000 could not go up, and it was over, because I was also on the defensive at that time, but what was the result? Regarding last night's CPI, why was I able to excitedly notify everyone to short after seeing the data? The reason is very simple. Before the announcement, everyone thought that inflation would rebound in April, including me, after all, there was the impact of tariffs in April, but if there was no impact of tariffs, I would definitely think it would fall back, after all, the wage growth rate in the employment market in April was falling, and it would not cause spiral inflation. Even gold was sold in advance before the data was released, and it fell. I didn't expect that the inflation would fall back in the end, which was bullish for gold. This was already a surprise, and I couldn't help but short it after seeing it. The data was bullish, why short? Let me make it clear first, don't always say that gold is like this now. If you see good data, you go short, and if you see bad data, you go long. If you have this idea, you should put down your phone and work hard. The positive CPI proves that inflation is falling. On the other hand, the US job market is very stable now, and the economic activity PMI capacity is warming up. This means that the economy will have signs of a soft landing and will not cause the so-called stagflation. Moreover, at this stage, inflation has already fallen from 9.1% to the rated target of 2%. The Federal Reserve has successfully reduced inflation. Then I ask you, what do people want gold for at this time? Why not buy risky assets? Many people can't turn this corner. Let's put it this way. If inflation really rebounds during a period of high interest rates, what do you think the Federal Reserve will do? Raise interest rates, but who will bear the systemic risks caused by your interest rate hike? Isn't the collapse of SVB Bank an example? I won't talk about the pressure on companies and households to repay debts. Your concerns about stagflation will arise, and gold will take off without saying much. I hope you can understand this logic. So, why is there such a question as why gold doesn't rise when there are good news? Why would there be such a thing? Oscillating market is often the most complicated to analyze, but I like this complexity because it can broaden my trading horizons. Since Monday night, the low point headed by 3207 has started to fluctuate. Note that it is not a rebound, because it was flat until yesterday. . It was just that the final step back to 3225 formed this rising trend line. Although the angle is wider, it is at least an upward trend line, but the subsequent upward momentum is not enough. Last night, I gave a 42 short, 50 plus, and the retracement was controlled at 60. It rebounded directly at 25V, which is equivalent to giving the strategy an opportunity to increase the entry. It did not complete the reversal, otherwise the previous high point would have been broken long ago. You are an upward trend line, and the high point must be higher than the previous wave to maintain stability. As a result, it was directly lower than the previous high this morning. What do you think I am not bearish? Also, it is nothing to simply break the trend line, but if you break the previous low last night, you are doomed. You see, the current price is not only below the trend line, but also below 25, so there is a suspicion of a trend reversal on the right side, right? Although it cannot be called a reversal, gold has been at the bottom after a sharp drop, but as far as this rising trend line is concerned, it must turn into a falling trend line, otherwise gold will not fall when it pulls back to the trend line! Pressure has been formed here, so I know how to operate in the short term. I will directly bearish near 38, and the retracement only needs to be controlled at 50. You must look at 3200 points below. I compare the intraday decline. The second stage of the N-shaped decline should also be 3201. As for whether you break 3200, since we can get considerable trading profits last night, I definitely have the chips to try it, so I will bearish it!
TVC:GOLDShort
by Yuliya1l11
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
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
Focus on 3200 for some support during the day🗞News side: 1. Sino-US tariffs have been eased 2. U.S. trade progress and focus on geopolitical risks 📈Technical aspects: Yesterday we gave a long trading strategy and have been waiting to see whether the gold price can touch our target point of 3270. However, gold did not fluctuate much after the opening of the Asian market, so I chose to manually close the position near 3256. To be honest, the market did not fluctuate much today whether it was up or down, and it is still consolidating within our box range of 3220-3265. Although gold is generally weak, it has a higher probability of strengthening during the day, and the early gap may be ready for market recovery. At present, the gold price has tested the 3240 line many times. If it cannot stand above 3240, it may test the strong support of 3200 again. If there is no breakthrough below the strong 3200 support, the market may repeat 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. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
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
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. 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
XAU/USD) Bullish trand line analysis Read The ChaptianSMC Trading point update Technical analysis of Gold Spot (XAUUSD) on the 4-hour timeframe, featuring key support and resistance levels, price action projections, and RSI for momentum evaluation. Here's a breakdown of the idea: Key Points in the Analysis: 1. Support & Resistance Zones: Big Support / Buying Zone: Around 3,222 – 3,240. This zone has seen previous bullish reversals and is supported by the 200 EMA. Intermediate Support Level: Around 3,270–3,290, where price might bounce before attempting a breakout. Key Resistance Level: Around 3,350–3,365. Price must break this area to move toward higher targets. 2. Price Action Projections: The analysis shows two bullish potential scenarios: Scenario 1: Price breaks above the resistance level directly and moves toward the target point at 3,535.83. Scenario 2: A retracement to the lower support or even the big buying zone before a bullish rally to the same target. 3. RSI (Relative Strength Index): Currently near the neutral zone (around 49), suggesting there's room for movement in either direction. No extreme overbought/oversold signals right now. 4. EMA (200): The price is currently hovering above the 200 EMA (3,222.01), which acts as a long-term support and trend indicator. Mr SMC Trading point Summary of the Trading Idea: Bias: Bullish Entry Zones: Look for long entries at either the support level (3,270–3,290) or lower buying zone (around 3,222). Target: 3,435.05 initially, then 3,535.83. Invalidation: A clear breakdown below the 3,222 support level could invalidate the bullish bias. Pelas support boost 🚀 analysis follow)
FX:XAUUSDLong
by SMC-Trading-Point
Bullish Reversal Forming at Key Support Zone – Targeting 3,450Instrument: Unspecified (likely XAU/USD or an index, judging by the price range) Current Price: ~3,250.100 Indicators Used: EMA 50 (Red): 3,284.255 EMA 200 (Blue): 3,287.152 🟣 Key Zones: Support Zone: Around 3,200 – a strong demand zone where price previously bounced. Target Zone: Around 3,450 – the last major resistance and recent high. 📉 Current Price Action: Price recently tested the support zone and is forming a potential double bottom pattern. EMAs are above the price, indicating a short-term bearish trend, but the price holding support may suggest a possible reversal. A bullish trajectory is drawn, projecting a potential rise toward the target zone at 3,450. 📈 Potential Trade Idea (Hypothetical): Entry: Near current price or on pullback to the small support box (~3,240) Stop-loss: Below the major support (~3,190) Take-profit: Around 3,450 ⚠️ Key Considerations: Price needs to break above the EMAs to confirm momentum shift. Watch for confirmation with bullish candlesticks or volume spike. Failure to hold the 3,200 support could invalidate this setup.
OANDA:XAUUSDLong
by MrStellanSight
12
How to plan a gold short selling strategyOn Monday, as China and the United States reached an agreement to reduce tariffs, market concerns about a U.S. recession eased, and the U.S. dollar index once approached 102, and finally closed up 1.37% at 101.80. U.S. bond yields both rose, and the interest rate market cut the Fed's pricing for rate cuts this year, boosting demand for the U.S. dollar. However, although the U.S. dollar is bullish in the short term, it faces key resistance, and the U.S. CPI data is coming. If inflation is lower than expected, bulls may take a break. Today's market rose slightly first, then fell strongly to 3216, and then rose strongly to 3260 in the Asian session before being under pressure. The market is currently in the repair stage, and CPI data is attracting much attention. If the European session does not continue to rise but falls, the bulls may end at 3270. Technically, the upper resistance is 3268-3274, and the lower support is 3244-3237. In terms of operation, it is recommended to rebound high and short as the main, and to pull back and long as the auxiliary. Operation strategy 1: It is recommended to short near the rebound 3268-3274, with a target of 15-20 points. Operation strategy 2: It is recommended to pull back near 3244-3237 and long, with a target of 10-15 points.
OANDA:XAUUSDShort
by TP_Daniel5
CPI data released. Impact on gold prices?Gold suffered a setback this week; but then it rose to $3,250 and began to fluctuate slightly. CPI data was released this morning, but it did not have a big impact on gold. The current price is still in a sideways trend. Two support positions need to be paid attention to today: Downward $3,230 support line, if it falls below this position, the gold price will quickly reach below $3,200. Upward $3,270 resistance line, if it breaks through the resistance position strongly, there is hope to try to break through $3,300. Quaid believes that if the gold price fails to break through today and presents a new trend, it is likely to continue the sideways trend.
OANDA:XAUUSDShort
by Quaid-1
1
Gold is also hesitating whether to break the position or not. It is not unfair to say that gold fluctuates slowly. I mentioned in my article yesterday that it depends on the closing level of gold. Different closings represent different meanings. 3235 was treated as the standard watershed on that day. As a result, gold fluctuated sideways in the afternoon despite the rebound of US stocks. In terms of the daily structure, it closed with a middle-yin candle with a lower shadow, and closed flat at 3235. There is more than 200 points of pressure above, and it can close flat, which means that gold does have something. Of course, just closing flat does not completely mean that gold bulls are back. It can only be said that bulls are still in the market and have not completely fled. Then it is normal for gold to rebound after testing 3200 again and receiving support. There are also reasons in terms of market sentiment. Judging from the main speculative sentiment report, it has been a long-term horizontal bullish trend. From the perspective of capital sentiment, global stock markets were soaring on Monday. The easing of the trade war between the world's two major economies encouraged funds to no longer simply entrench themselves in gold and began to bloom in multiple directions. That being said, let's count them: 91% of retaliatory tariffs were canceled; 24% of reciprocal tariffs were suspended for 90 days; 20% of fentanyl tariffs were not mentioned; 10% of universal tariffs remained the same. The current retained tariffs are still very high, and they will inevitably leave traces in the economy, such as stagflation effects such as price increases and economic slowdown. In this way, the temporary easing is actually still on the surface and has not really solved the fundamental differences that led to the dispute. The most important thing is that the US trade deficit with China still exists. It is impossible to reshape the sweater relationship between the two sides in the short term. Any disturbance during this period will directly affect the attitude of safe-haven funds. Especially the CPI data released by the US market tonight, the expected value of the unadjusted CPI annual rate in April is the same as the previous value of 2.4%, and the monthly rate is relatively high. At this time, there is a basic problem. April has entered the battle of tariffs. Throughout April, the market has regarded gold as a lifeline. For example, when you see that daily necessities are about to be taxed and raised in price, what will you do? Right, so if nothing unexpected happens, inflation caused by tariffs will rise. The good thing is that in terms of energy in April, the price of crude oil is straight down, so it offsets part of inflation. In principle, the impact of this announcement should be small. As for the core data, I personally think that it will rise compared with the previous value, that is, no matter how it is collected, there will be a limited situation of favorable factors. After the midday trading, gold once probed upward and has tested the resistance level of 3260. I just calculated gold. It is originally adjusted by fundamentals, so it is still treated as an adjustment, that is, rebound and open short, or break and follow up. Secondly, draw a channel according to the four-hour chart, and combine it with Fibonacci. Pay attention to 77-91 in the middle track of the Bollinger Band. If a reversal signal appears in this range, you can consider entering the market based on the signal to see a decline. At that time, you need to pay attention to 3219 and 3207 below. If the integer level is broken, you can also consider further lowering the gold target to the range of 3160±10. Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
TVC:GOLDShort
by Yuliya1l11
Gold fell and then rose to $3,250. Next trend?News summary: After two days of negotiations in Geneva, China and the United States announced that they would reduce tariffs on each other in the next three months: the US tariff on Chinese imports would be reduced from 145% to 30%, and China's tariff on US goods would be reduced from 125% to 10%. This news pushed global stock markets up. Boosted by the agreement, market risk appetite has increased, investors' concerns about the US recession have eased, and expectations for the Fed's aggressive rate cuts this year have also declined accordingly, which has pushed the US dollar to continue to strengthen, and gold, as a traditional safe-haven asset, has come under pressure. Technical analysis: Gold prices fell below the 21-day moving average on Monday, when the average was at $3,313, further increasing downside risks. The 14-day relative strength index also fell below the midline for the first time since early April, sending a bearish signal. Buyers are trying to regain control of the situation. Traders need to pay attention to the release of US CPI data. I think if the US CPI data is higher than expected, gold prices may start a new round of decline, with the target being $3,145 near the 50-day moving average. The important support level below is $3,100. On the contrary, if the CPI data is lower than expected, gold prices are expected to re-enter the 21-day SMA, which is currently $3,311. Once this resistance is broken, it will test the trend line resistance at $3,430. If it breaks further, the trend will open up space for gold prices to hit the historical high of $3,500.
OANDA:XAUUSD
by Quaid-1
Today's gold trend analysis, go long in batches🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: Since the US and China lowered some tariffs after the negotiation, the US dollar has recovered some of its losses, but gold has not completely recovered some of its losses. At present, the price of gold has once again retreated to near the 3260 line. Although the hourly level MACD indicator shows a golden cross, the daily level is still a dead cross and heavy volume. Then in the short term, the gold price may show some counter-twitching momentum before the US dollar steps back to confirm support, or it may touch near the 3277 line. The gold price may fall further after the US dollar steps back to confirm the support. From a technical point of view, the upper daily resistance is near 3287, while the lower first-line support of 3200 is strong, and there is a tendency to form a double bottom. The European market can consider using 3250-40 US dollars as a support point, and the early trading low near 3220 as a defensive position. First, let's see the gold price continue to rebound to 3277-80-87, unless the European market weakens and breaks the Asian low, and then the US market adjusts. Temporarily, we will see a rebound correction. 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. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
Gold rebound is a good time to shortGold has been in a volatile state since the opening today, opening at 3236 and reaching a high of 3243. It is currently fluctuating in the form of shocks. With the comprehensive ceasefire between India and Pakistan and the peace talks in the Sino-US tariff war, gold will still be in a downward trend. Although it is in a downward trend, we should not chase the short position directly. We can just treat the rebound as shorting. The main trend is still to short on the rebound. After all, the general trend is bearish. In the 4-hour chart, the weak stage is oscillating downwards, and the resistance of the middle rail has moved down to the 3300 mark. At the same time, there is still a gap to be filled, and it is currently in shock above the neckline. There are two differentiated moves here. One is to go sideways and weakly consolidate and then directly break the neckline of 3200 and go for in-depth adjustments. The other is to rebound above 3200 to correct and build momentum, forming a wave of poised to break low. One is weak consolidation to break low, and the other is poised to break low. Overall, it is optimistic that the market will break through the low of 3200, but it reflects the various changes in the short-term form. The upper 3250-3260 range has gathered intensive trading resistance, forming short-term strong pressure. In short-term operation, first go short on rallies below 3260, and first look at the profit from this wave of correction! Next, we will look at the previous low support of 3200. If the position is broken, we will continue to see the downward continuation. If the position is not broken, we will place long orders on the backhand. At that time, we will choose the opportunity to lay out the long-term plan based on the support of 3200. On the whole, today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The upper short-term focus is on the 3248-3252 resistance line, and the lower short-term focus is on the 3200-3160 support line. Gold operation suggestion: short gold near 3245-3255, target around 3220-3210. Gold will go long when it pulls back around 3210-3200, with the target around 3230-3250.
OANDA:XAUUSDShort
by TP_Daniel5
2