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Goldpreis

Gold rises for three consecutive days! Buy the dip or hold on?Market News: Spot gold prices fluctuated at high levels in early Asian trading on Tuesday (August 5), currently trading around $3,380 per ounce. Driven by weak US economic data, rising expectations of a Federal Reserve rate cut, and intensifying global trade tensions, international gold prices continued their upward trend from last Friday, marking their third consecutive day of gains. Driven by expectations of a Fed rate cut, geopolitical risks, and a weakening US dollar, gold maintains strong upward momentum in the short term. From a medium- to long-term perspective, gold's investment value remains significant. Global economic uncertainty, ongoing trade conflicts, and the potential resurgence of inflationary pressures all provide solid support for gold. Investors should pay close attention to the US June trade balance and July ISM non-manufacturing PMI data, which will be released this trading day. Technical Analysis: Last week, gold closed with a long lower shadow, a bullish candlestick pattern. This is a clear sign of stabilization, and the price remains firmly within the middle band. This week, the upward trend may continue, with repeated attempts to test the resistance point derived from the lower band of the previous upward trend. This maintains a bullish outlook for the medium- to long-term trend, and represents a period of strength within this bullish trend. The daily short-term trend also remains bullish. The recent three-month consolidation period is a correction, with the lows gradually moving higher. The longer the sideways trend, the stronger the potential for a bull market continuation, both in terms of strength and timing, once it breaks higher. Last Friday, a strong bullish candlestick pattern formed at the bottom, stabilizing the 5-day moving average and returning to the converging triangle channel. This suggests a continued bullish outlook today. A pullback confirms support at the lower band of the converging triangle, approximately 3345-48, also the 10-day moving average. After testing support in today's Asian session, support is indeed present. Focus on the upper band around 3410. Trading strategy: Short-term gold: Buy at 3362-3365, stop loss at 3354, target at 3380-3400; Short-term gold: Sell at 3407-3410, stop loss at 3419, target at 3370-3350; Key points: First support level: 3370, second support level: 3363, third support level: 3350 First resistance level: 3397, second resistance level: 3410, third resistance level: 3422
OANDA:XAUUSDLong
by NicolaZhu
Gold is rising slowly, so can we adjust our direction? When we first entered the market, we saw slogans everywhere, such as "Investing is risky, enter with caution." However, few people actually put this into practice. In the gold market, risk control comes first, followed by investment mentality, and finally, trading methods and strategies. Only by protecting your principal can you achieve profitability; otherwise, everything is just empty talk. A logical explanation for gold's medium-term upward trend! Gold rebounded sharply last Friday due to the weaker-than-expected US non-farm payroll report, and the market quickly adjusted its expectations for the Federal Reserve's policy direction, shifting to a more dovish stance. Although the market reaction seemed to indicate very weak data, the overall situation was not as bad as expected. The problem is that the market had previously bet on strong data, and pricing in a more hawkish outlook following the Fed's interest rate meeting has led to even weaker data, so even slightly weaker data could trigger a rapid repricing. Next, the market's focus will turn to key economic data and speeches by Federal Reserve officials, particularly in the run-up to the September FOMC meeting. As long as incoming data remains benign, Fed Chairman Powell is expected to open the door to a September rate cut at the Jackson Hole annual meeting. From a broader perspective, gold is expected to maintain its upward trend as real interest rates are expected to continue declining. However, a short-term correction is still possible if interest rate expectations become hawkish. A Gold Trend Perspective! Unfortunately, gold prices only reached a low of 3350 today before rising again. With no signs of a pullback near the US market close, our bullish dip buying opportunity at 3343 is somewhat difficult to enter. It appears that the upward trend will continue to test the key resistance level of 3380. If there are no dip buying opportunities, consider shorting! The current hourly chart has broken through the support level, leading to a choppy morning session. The upward trend is likely to test the resistance level of 3380, while the support level of 3350 is key today. For the time being, we will use this range for range trading in the evening session. If there are any further market fluctuations, we will provide a new strategy in real time! Gold: Short around 3380-82, defend at 3390, target at 3352-55! If it retreats back to around 3350 but does not break through, you can enter a long position!
TVC:GOLDShort
by jiqeu1
Why do you always miss the real opportunities?Judging from the current gold trend, gold rose to a high of around 3368 and then entered a narrow range of fluctuations. Our previous long plan failed to continue to hold at the high level. Although some brothers may feel regretful, the market is always full of variables. We must flexibly adjust our thinking according to market changes. At present, there is a need for a retracement on the technical side. This retracement is not a trend reversal, but provides space for subsequent bullish momentum. Overall, the bullish trend is still dominant, but the current price is approaching the important pressure area of 3370-3385. The short-term carrying capacity has weakened, and it is not advisable to chase highs blindly. It is recommended to be cautious at high levels in operations. In the short term, it can be given priority to try to intervene with short positions in batches in the 3370-3385 area, waiting for a technical correction. If it subsequently retraces to the key support area of 3350-3335 and stabilizes, you can consider the long position layout again and continue to participate in the main bull trend. Gold operation suggestion: short in batches in the 3370-3385 area, with the target at 3355-3350. If it falls back to the 3350-3335 area and stabilizes, consider entering a long position at the right time.
OANDA:XAUUSDShort
by Trade-Daniel
Maintain the bullish theme and go long on pullbacks#XAUUSD Gold fell to a low of around 3345 during the day and then rebounded rapidly. It is currently repeatedly testing the 3355-3353 line.👨‍💻 Although Federal Reserve Chairman Powell has not given clear instructions, the market is generally optimistic about the September interest rate cut. 📈The bullish sentiment in the market still exists, and the moving average continues to spread upward, laying a solid foundation for market bulls🐂 If gold cannot effectively fall below 3355-3353 during the European session, then gold is expected to rise again during the NY session. First, if the gold price breaks through the intraday short-term high of 3365,🚀 the gold price may reach a rebound of 61.8%, which is around 3373. 🎯 If the European session hits the resistance level of 3365 and is rejected,🙅‍♂️ it may trigger a small pullback to 3345-3340 to provide long trading opportunities.🐂 Once it falls below 3340, 🐻it is necessary to stop loss in time and pay attention to the first-line defense situation of 3333
OANDA:XAUUSDLong
by Halson_Winston
As the bull market continues, is gold poised to hit new highs?Judging from the current gold trend, the technical side opened high and closed low, releasing the demand for short-term adjustments. The intraday low hit 3344 and then rebounded, which is enough to reflect the resilience of the bulls. The hourly doji continued to rise, and the 3353 line was pulled up again. It is expected that it will be difficult to give an entry opportunity near 3340-3345 again. Since the new high has been refreshed again, the technical short-term adjustment may have ended. With the current strong bull structure, further testing the 3370-3380 area is a high probability event. If it unexpectedly falls below 3340 in the future, the bulls will no longer defend strongly, and the market may turn to volatility. Breaking below 3340 is also expected to open up short-term short space, but this is a later story. The current market structure is clear, and we continue to see a strong upward trend for the bulls. At least at the beginning of the week, I do not think the bull market is nearing its end. Gold operation suggestion: go long around 3360-3355, target 3370-3380.Strictly set stop loss and control your position.
OANDA:XAUUSDLong
by Trade-Daniel
XAU/USD) Bearish Trend Read The captionSMC Trading point update Technical analysis of (XAU/USD) on the 4-hour timeframe, showing both a potential retracement and a bullish continuation. --- Technical Breakdown: 1. Current Market Structure: Price recently made a strong bullish push from the key support level (~3,329–3,335), breaking structure to the upside. It is now approaching a Fair Value Gap (FVG) and resistance zone between 3,380.47 and 3,396.19. 2. Key Zones Identified: FVG / Resistance Zone: 3,380.47–3,396.19 — where price might initially reject (red arrow) due to unfilled imbalance and previous supply. Key Support Zone: 3,329.27–3,335.31 — potential area of re-entry or demand if price pulls back. EMA 200 (Blue): Currently at 3,335.58, aligning with key support. 3. Price Path Scenarios: Primary Expectation: Price may tap into the FVG, face rejection, then pull back into the key support level for a higher low. From there, it is projected to bounce back strongly toward the ultimate target at 3,438.73, marking a 3.19% upside move. 4. RSI (14): RSI at 64.77, indicating strong bullish momentum but not yet in overbought territory. Favorable for continuation, but a short-term correction is possible. Mr SMC Trading point --- Trade Idea Summary: Bias: Bullish (after a short-term rejection) Entry Zones: Watch for rejection at 3,380–3,396 Look to enter on a retest of 3,335–3,329 support Target Zone: 3,438.73 Invalidation: Sustained breakdown below 3,329 or bearish engulfing with high volume EMA & RSI Support: EMA 200 backs bullish bias; RSI confirms momentum Please support boost 🚀 this analysis)
CAPITALCOM:GOLDShort
by SMC-Trading-Point
Analysis of gold market operation strategies and ideas next week Gold rallied unilaterally on Friday following positive non-farm payroll data, reaching a new high for the week. This week's candlestick formed a hammer pattern, suggesting further upside potential next week. Bulls continued their push late Friday, closing at 3363. Next week, we will continue to monitor short-term resistance around 3370-3375. We will continue to buy on pullbacks. If your current trading is not satisfactory, I hope I can help you avoid investment setbacks. Welcome to discuss your options! Based on a 4-hour analysis, short-term resistance will be seen around 3370-3375 next week, with a key resistance around 3395-3400. We will continue to buy on pullbacks. In the intermediate range, we recommend maintaining a cautious wait-and-see approach. I will provide detailed trading strategies during the trading session, so please stay tuned. Gold Trading Strategy: Go long on gold pullbacks to 3330-335, with a stop-loss at 3318 and a target at 3370-3375. Hold on if it breaks above this level.
TVC:GOLDLong
by jiqeu1
Only by understanding the trend can you be firmly bullish.The market is changing rapidly, and going with the flow is the best way to go. When the trend comes, just go for it. Don't buy at the bottom against the trend, so as not to suffer. Remember not to act on impulse when trading. The market is good at dealing with all kinds of dissatisfaction, so you must not hold on to orders. I believe many people have experienced this. The more you resist, the more panic you will feel, and the floating losses will continue to magnify. You will not be able to eat or sleep well, and you will miss many opportunities in vain. If you also have these troubles, then you might as well follow Tian Haoyang's rhythm and try to see if it can make you suddenly enlightened. If you need help, I will always be here, but if you don't even extend your hand, how can I help you? Gold rose unilaterally after the positive non-farm payrolls on Friday, hitting a new high this week. This week's K-line closed in a hammer shape, and the gold hourly line has a double bottom structure. However, gold should not have such a big retracement for the time being. The 3335-3330 line below is also an important support. So gold will mainly be bought on dips above 3335-3330 next week. Technically, there is still room for growth next week. The bulls continued to attack at the end of Friday and closed at 3363. Next week, we will continue to pay attention to the short-term suppression at the 3370-3375 line above. In terms of operations, we will continue to maintain retracement and buy. If your current operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate and exchange. Judging from the current gold trend, the short-term resistance above next week will be around 3370-3375, with a focus on the important pressure line of 3395-3400. Keep buying on pullbacks, and try to maintain a stable wait-and-see position in the middle. I will prompt the specific operation strategy at the bottom, so please pay attention in time. Gold operation strategy: Go long on gold when it retraces to around 3340-3330, target 3370-3375, and continue to hold if it breaks through.
OANDA:XAUUSDLong
by Trade-Daniel
Monday's market forecast and related layout#XAUUSD Judging from the monthly chart, although July closed with a large positive line, there is still great resistance above 3439-3501. Possible gold price trends for next week are as follows: 1. If gold prices open higher, focus on the previous highs of 3375-3385. If resistance and pressure are encountered, consider shorting, aiming for a volatile decline, retracing Friday's gains. 2. The market is volatile and sideways, so wait and see. 3. Gold fell back. Referring to Friday’s trading strategy, you can consider going long around 3335 to bet on a short-term rebound. Leave yourself some room for participation (the possibility of touching 3338 again and rebounding is not ruled out)
OANDA:XAUUSDLong
by Halson_Winston
The trend is clear, why do I choose to be firmly bullish on goldGold Trend Analysis: Yesterday, the gold market demonstrated strong upward momentum, opening near 3290 before falling slightly to a low of 3281 before fluctuating upward. Boosted by the non-farm payroll data, the gold market surged during the US trading session, reaching a single-day gain of 2.02%, reaching a high of 3363 and closing there. The daily chart formed a long bullish candlestick with a long lower shadow, forming a Morning Star pattern, reinforcing the bullish trend. From the perspective of the cycle structure, the daily level is clearly in the 5-wave upward stage, and the upward trend of the large cycle has not changed. At the indicator level, the daily MACD momentum column (the column below the zero axis) represents the short-selling momentum. Its "gradual shortening" means that the short-selling force is weakening and the downward momentum is gradually fading. It is a potential signal of stopping the decline or rebounding. KDJ is about to form a golden cross between 20-50, which is a signal that short-term bullish power is beginning to increase, and the overall trend is bullish. The 4-hour level shows typical bullish characteristics: the moving average system is arranged in a bullish pattern, but there is a certain deviation between the short-term price and the moving average. The technical side needs to correct the deviation rate through a callback before continuing to rise. The short-term support below is focused on the line near 3330-3335. This position is both the relay support level in the previous rise and the intersection of the 4-hour moving averages MA10 and MA20, which has strong support strength; the short-term resistance above is focused on the line near 3370-3383. This area is a pressure-intensive area near the previous high point. If it can be effectively broken through, it will further open up upward space. A successful breakout would open up further upside potential. A breakout would further open up the 3400 mark. For gold trading, the short-term strategy is to buy on dips. If the price pulls back to the 3330-3335 support level, consider entering a long position with a target of 3355-3365. If it reaches 3370-3380, consider a short-term short position with a target of 3350-3340.
OANDA:XAUUSDLong
by Trade-Daniel
1
How to seize the key turning points in the gold market?The market is ever-changing, and following the trend is the best strategy. When the trend emerges, jump in; don't buy against it, or you'll suffer. Remember not to act on impulse when trading. The market is a haven for all kinds of resistance, so don't hold onto positions. I'm sure many people have experienced this: the more you hold onto positions, the more panic you become, leading to ever-increasing losses, poor sleep, and missed opportunities. If you share these concerns, why not try following Tian Haoyang's lead and see if it can open your eyes? I'm always here for you if you need help, but how can I help you if you don't even offer a hand? Gold did not fall below 3280 during the day on Friday and started to fluctuate in the range of 3280-3300. The non-farm payroll data was bullish, and it directly broke through the pressure of 3315, and then broke through the important pressure of 3335 again. As of now, it has reached a high near 3355. The non-farm payroll data market has almost been exhausted. Next, we will focus on the technical form adjustment. At present, you can consider light shorting in the area near 3355-3370. After all, chasing long is risky, and the technical side needs to be adjusted. If your current operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with me. Based on the 4-hour chart, short-term resistance is near 3355-3365, with a focus on the key resistance level of 3370-3375. Short-term buy orders should be taken if a rebound continues. I'll provide detailed trading strategies at the bottom of the page, so stay tuned. Gold operation strategy: Short gold in batches when gold rebounds to 3355-3370, with the target being the area around 3340-3335. Continue to hold if it breaks through.
OANDA:XAUUSDShort
by Trade-Daniel
How to accurately grasp the gold trading opportunitiesGold was greatly affected by the positive non-farm payroll data, and it rose strongly, with the increase completely covering all the losses this week. The current gold trend has completely reversed the previous bull-short balance. After breaking through the 3300 level and rising to around 3355, it maintains strong upward momentum, and the possibility of further testing the 3360-3375 area cannot be ruled out. Due to the strong positive data, if everyone fails to chase the long position or set a breakout long position in time in the first wave of the market, the subsequent pullback opportunities may be relatively limited, so it is necessary to maintain an active strategy in operation. It is recommended to continue to be bullish when it retreats to the 3335-3320 area, and the upper target is the 3360-3375 pressure range.
OANDA:XAUUSDLong
by Trade-Daniel
NFP data is positive, the bullish trend remains unchanged#XAUUSD The current market, influenced by data such as NFP, remains bullish, even briefly pushing towards the 4H upper limit of 3350, reaching a high near 3354.📈 In the short term, gold still has upward momentum and could even reach the previous high resistance level near 3375.🐂 Currently, gold is undergoing a technical correction and needs to begin a pullback to accumulate more bullish momentum, giving traders who previously missed the opportunity to get on board.🚀 As resistance continues to rise, support below will also rise. 📊If gold retreats below 3335-3315, consider going long.📈 🚀 SELL 3335-3315 🚀 TP 3350-3375
OANDA:XAUUSDLong
by Halson_Winston
Gold rebound is weak, short below 3315 Gold remains weak, with multiple intraday rebounds failing to maintain momentum. The upper moving average continues to suppress the market, and the short-term market remains dominated by bears. Today, we are following the trend and taking a bearish stance. The key upside level is around 3315. If it reaches this level before the US market opens or if it peaks in the short term, we will short sell. The non-farm payroll data will be released today, and we will consider reversing our direction based on the situation after the data. Gold prices have once again encountered resistance to their upward trend, and the volatile pattern continues. The gold price trend is trending lower highs, and today's low is expected to be lower than yesterday's. Therefore, our intraday short target could be 3268 or even lower, so it's crucial to seize the right entry point. If you're new to the market, come to me. I'll teach you how to trade while you learn. If you're already in the market and struggling, come to me. I'll help you avoid repeating the same mistakes. If you've already experienced this market and are battered, come to me. I'm confident I can help you regain confidence. If you're stuck in a position, I'll develop a strategy tailored to your entry point. Because everyone's trapped positions are different, the solutions will vary, some suitable for conservative traders and others for aggressive ones. However, I can't offer a perfect answer to every situation. I suggest you bring your order with you. Once you contact me, I'll use the most appropriate method to resolve your situation and help you exit the market. Specific Strategy Short gold at 3315, stop loss at 3325, target at 3280
TVC:GOLDShort
by jiqeu1
The idea of shorting on rallies below 3315 remains unchanged.Gold remains generally weak, with multiple rebounds showing signs of fatigue. The upward moving average continues to suppress prices, indicating that the bearish trend remains intact, and the short-term market outlook remains bearish. Trading strategies remain bearish today, with a key focus on the 3300-3315 area, a key short-term resistance zone. If the market rebounds before the US market opens and approaches this area, or if a clear topping signal appears near this range, consider entering a short position. Today will see the release of the non-farm payroll data, which may influence the market's trajectory. We recommend prioritizing short-term trading before the release, and reconsidering the market's direction based on market feedback after the release. Structurally, gold continues to exhibit a volatile downward trend, with lower highs and lower lows. Today's low is expected to be lower than yesterday's. Short-term short positions are focused on 3285-3280, with a break below this level potentially allowing for further declines. Please carefully time your entry, strictly implement risk management, and avoid emotional trading.
OANDA:XAUUSDShort
by Trade-Daniel
2
How to correctly grasp the gold trading opportunities?Yesterday, gold prices saw a technical rally amidst volatile trading, followed by a downward trend under pressure. Bulls strongly supported a rebound at 3280 in the Asian session. The European session saw an accelerated upward move, breaking through 3314 before retreating under pressure. We also precisely positioned short positions below 3315, achieving a perfect target of 3290-3295. During the US session, the market again faced pressure at 3311, weakening in a volatile trend before breaking through 3300. The daily chart ultimately closed with a medium-sized bullish candlestick pattern, followed by a pullback and then a decline. Overall, after yesterday's rebound, gold prices remain under pressure at the key resistance level of 3314. The short-term bearish weakness line has moved down to this level. If pressure continues in this area in the short term, gold will maintain a weak and volatile structure, with intraday trading remaining focused on rebounds and upward moves. If you are currently experiencing confusion or unsatisfactory trading strategies, please feel free to discuss your options and help avoid investment pitfalls. From a 4-hour analysis perspective, focus on resistance at 3305-3315 on the upside. A rebound to this level is a good opportunity to short against resistance. Focus on support at 3280-3270 on the downside. Unless the price stabilizes strongly, consider not entering long positions below this level. The overall strategy remains to short on rebounds, with the same rhythm. I will provide timely notifications of specific levels from the bottom, so keep an eye on them. Gold Trading Strategy: Short on rebounds near 3305-3315, with targets at 3290-3280-3270.
OANDA:XAUUSDShort
by Trade-Daniel
Non-farm payrolls are coming. Will it trigger the market?On Thursday, the US dollar index briefly rallied after the Federal Reserve's favorite inflation indicator unexpectedly rebounded, crossing the 100 mark for the first time in two months. This marked the sixth consecutive trading day of gains and the first monthly gain since 2025. Spot gold rebounded as risk aversion lingered amid uncertainty surrounding Trump's tariff deadline, reaching a high of around $3,315, but its intraday gains narrowed after the release of the PCE data. The dollar has already firmly established itself above the 100 mark on the daily chart, so the next target is likely to be between 101.5 and 102.0. Currently, support levels on the daily chart are visible at 99.5 and 99.0. The gold market is currently consolidating in the 3315-3275 range. However, if the dollar rises again, Quaid believes gold prices could fall below 3275. On the daily chart, if it falls below 3275, the price would likely be around 3250. If 3250 falls below, the market could test 3200. However, the possibility of a consolidation between 3315 and 3275 remains undisputed. Before the release of the non-farm payroll data, scalping within this consolidation range is advisable. However, the risk is relatively high, so please take profits in time.
FX:XAUUSD
by quaid_2
XAUUSD: BUYThere are some good trading opportunities in the market. That's when to buy. Gold prices haven't fallen further since falling back to 3390. There's no further negative news. Therefore, there won't be a significant short-term decline. Our focus will be on tomorrow's non-farm payroll data update. This is a crucial factor that can cause gold prices to rise or fall significantly in the short term. I'll update you with real-time buy and sell opportunities. This is based on research from the Swing Trading Center. It's highly authoritative. Don't miss out! Remember to stay tuned. XAUUSD: BUY 3292-3282 TP 3320. SL 3265
TVC:GOLDLong
by WIN_Ludvig
Short selling remains the main themeGold hit a low of around 3267 yesterday and fluctuated until closing at 3274. Gold fluctuated upward at the opening today. Currently, gold is fluctuating around yesterday's rebound point of 3305. This is the resistance we need to pay attention to in the short term. From the 4H analysis, today's short-term resistance is around 3305-3315. If gold wants to rise, it needs to stabilize above 3315. Focus on the 3335 first-line pressure, and rebound to the 3305-3315 resistance area during the day. You can consider shorting and follow the trend to see the decline unchanged, looking towards 3290-3280. Rely on this range to maintain the main tone of high-altitude participation. For the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
OANDA:XAUUSDShort
by HuntingWolves
[XAUUSD – Intraday Price Action Outlook | 30 July 2025Gold (XAUUSD) is currently trading around 3,329 USD and is consolidating within a narrow rising channel after completing a significant downtrend. The market is showing signs of a potential breakout, either to continue a short-term bullish correction or resume the dominant bearish momentum. Key Technical Zones: Resistance zone: 3,339.2 – 3,348 This is a critical zone where bullish breakout confirmation is likely to attract momentum buyers. The zone aligns with upper trendline resistance and previous consolidation highs. Support zone: 3,325.6 – 3,292.7 This range acts as a short-term support base, marked by multiple rejections and aligned with the lower boundary of the current rising wedge formation. A breakdown here could trigger strong bearish continuation. Indicators & Confluences: EMA200 (blue): Acting as dynamic resistance, slightly above current price. EMA50 & EMA100: Compressing toward current price action, indicating price equilibrium and coiling volatility. RSI (not shown): Likely hovering near 50 – signaling market indecision. Fibonacci 0.874 has been tagged – often a zone where false breakouts or liquidity grabs occur, demanding caution. Trading Strategy Suggestions: Bullish Scenario (Breakout Strategy) Entry: Buy only if price closes above 3,339.2 (confirmed breakout of wedge). Stop-loss: Below 3,328.1 (previous supply turned demand). Target: 3,370 – 3,392 zone (aligned with EMA200 breakout & prior structure). Note: This setup relies on confirmation and should not be anticipated early. Wait for candle close above 3,339.2 to invalidate current wedge structure. Bearish Scenario (Rejection & Breakdown Strategy) Entry: Sell if price rejects 3,330–3,332 area and returns below 3,327.80 (as marked). Stop-loss: Above 3,332.04 (above trendline and EMA cross). Target: 3,292.74 (volume node + base of channel). Risk/Reward: >7.0 (based on current tool parameters shown in chart). This is a favorable setup if price respects current wedge resistance and fails to breakout convincingly. Conclusion: Gold is at a decisive point. The formation of a rising wedge in a prior downtrend signals potential bearish continuation, but a breakout above 3,339.2 could trigger a reversal short-term. Both bulls and bears need confirmation before entering. Monitor volume closely — rising volume on breakout/breakdown will validate either scenario.
FX:XAUUSD
by Henrybillion
XAU/USD) Bearish Trend Read The captionSMC Trading point update Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, using a combination of trend lines, EMA, RSI, and price structure. --- Technical Breakdown: 1. Price Structure: Gold is forming a rising channel (black trend lines) within a short-term uptrend, but this is happening below the 200 EMA, which generally indicates bearish momentum. A resistance zone is highlighted near the top of the channel, suggesting sellers might defend this level. 2. Key Level: Resistance Level: Around 3,330–3,335 zone. Target Point: Price is expected to break down from the channel and reach support levels near 3,284.35 and 3,282.51. 3. Moving Average (EMA 200): Current price is below the 200 EMA (3,348.42), reinforcing a bearish bias. 4. RSI (14): RSI is near 52.58, indicating neutral-to-slightly-overbought territory. No strong divergence is visible, but RSI is not confirming a bullish trend either. 5. Projection (Hand-drawn Path): The drawn path shows a potential breakdown from the channel with a bearish impulse targeting lower support zones. Mr SMC Trading point --- Trade Idea Summary: Bias: Bearish Confirmation Needed: Break below channel support Entry Zone: Near the resistance of the rising channel (~3,330–3,335) Target Zone: 3,284.35 – 3,282.51 Invalidation: Sustained break above 3,348 (above EMA 200) plesse support boost 🚀 this analysis)
CAPITALCOM:GOLDShort
by SMC-Trading-Point
2
XUA/USD) Bearish Trend Read The captionSMC Trading point update Technical analysis of (XAU/USD) on the 1-hour timeframe, targeting a move toward the $3,310–$3,315 support zone. Here's the full breakdown: --- Technical Analysis – Gold (1H) 1. Fair Value Gap (FVG) Supply Zones Two FVG supply zones are marked where price previously dropped sharply: Upper FVG zone near $3,385.49 (with red arrow: expected rejection point) Lower FVG zone near $3,352.47 Price is expected to reject from either zone, resuming the bearish move. 2. Market Structure: Lower Highs, Lower Lows The chart shows a clear bearish structure, with consistent lower highs and lower lows. The current price action suggests a potential pullback into FVG, followed by another leg down. 3. Key Support Zone (Target Area) The yellow box between $3,315.22–$3,310.99 represents a strong demand/support zone and is marked as the target point. This level has acted as a prior accumulation zone and is likely to attract buying interest again. 4. EMA 200 Resistance Price is trading below the 200 EMA (currently at $3,365.87) — indicating a bearish bias. EMA also aligns near the lower FVG zone, reinforcing the area as a potential reversal point. 5. RSI Indicator RSI at 35.38 is nearing oversold territory but still shows downward pressure. No divergence or reversal signal yet — supports the continuation view. Mr SMC Trading point --- Summary Bias: Bearish Current Price: $3,337.02 Supply Zones (FVG): $3,385.49 (stronger supply) $3,352.47 (minor supply) Support Target: $3,315.22–$3,310.99 Structure: Bearish (LL-LH formation) EMA: 200 EMA acting as dynamic resistance RSI: 35.38 – still bearish momentum --- Please support boost 🚀 this analysis)
CAPITALCOM:GOLDShort
by SMC-Trading-Point
10
Gold - Sell around 3345, target 3320-3301Gold Market Analysis： Gold has been in a correction over the past two days, with repeated ups and downs, generally trending towards a low and then a rebound. Yesterday, we insisted on selling at 3320, 3326, and 3328, but the profits weren't significant. The daily chart doesn't clearly indicate stabilization or a reversal of trend. Looking at the longer-term trend, I still insist on buying if 3345 breaks. If it doesn't break, we can hold on to the bearish trend. We previously mentioned that 3300 is support on the daily and weekly charts. A technical rebound and correction after selling below this level is inevitable and a normal technical correction. Furthermore, starting Wednesday, big data will be released one by one, and the market is waiting for the data to guide its direction. The weekly chart is also confused and directionless. We're just small investors; we need to follow, not speculate. The 5-day moving average on the daily chart has dipped below 3335, a level that has been retested multiple times in the Asian session. The current correction range is 3300-3335, with resistance around 3345-3343. The daily chart closed positive again, suggesting that the support below may be difficult to break in the short-term Asian session, and a significant decline is unlikely. We anticipate continued correction pending the ADP results. Support is 3311 and 3301, resistance is 3345, with minor resistance at 3335. The dividing line between strength and weakness is 3335. Fundamental Analysis: Today, focus on the ADP employment data and the EIA crude oil inventory data. The US interest rate results are the highlight, along with the speech. Trading Recommendation: Gold - Sell around 3345, target 3320-3301
OANDA:XAUUSDShort
by NicolaZhu