Get started

Goldprice

Long profit-taking,how to position gold before unemployment data📰 Impact of news: 1. Pay attention to the initial unemployment claims data 📈 Market analysis: After being pulled down, the gold price quickly rebounded to around 3385, and the RSI showed a V-shaped reversal. It is not recommended to chase the rise at present. In the short term, pay attention to the upper resistance area of 3385-3395. If the gold price effectively breaks through this resistance area, it is expected to touch the 3400-3410 line. On the contrary, it encounters resistance and pressure at the 3385-3395 line, and may retreat to the 3370-3360 line in the short term. 🏅 Trading strategies: SELL 3385-3395 TP 3370-3360 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 FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell-2
XAU/USD 12 June 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remains the same as analysis dated 23 April 2025 Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis and bias remains the same as analysis dated 22 May 2025. In my analysis from 12 May 2025, I noted that price had yet to target the weak internal high, including on the H4 timeframe. This aligns with the ongoing corrective bearish pullback across higher timeframes, so a bearish internal Break of Structure (iBOS) was a likely outcome. As anticipated, price targeted strong internal low, confirming a bearish iBOS. Price has remained within the internal range for an extended period and has yet to target the weak internal low. A contributing factor could be the bullish nature of the H4 timeframe's internal range, which has reacted from a discounted level at 50% of the internal equilibrium (EQ). Intraday Expectation: Technically price to continue bullish, react at either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 3,120.765. Alternative scenario: Price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance and persistent geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold surged, what will be the trend today?Information summary: On Wednesday, the US dollar index plunged during the session as the CPI data that was lower than expected boosted the market's expectations of interest rate cuts. As of now, the lowest point is near 98.2. After the release of the CPI data, gold rose in the short term and touched the 3360 US dollar mark, and then quickly gave up the gains and retreated to around 3320. However, it rose again due to the sharp escalation of the situation in the Middle East. As of now, the highest is around 3380. Market analysis: From the current 4-hour chart: Yesterday's 3360 pressure level has been broken, and the Asian market has successfully stood above this position in the early trading. Then the suppression position of 3360 has turned into a support level. Therefore, the position we should pay close attention to next should be 3360-3350. If the price falls back to around 3350, it is possible to enter the market and do more. If the price rises again, it is very likely to break through 3400. Once it breaks through 3400, it will most likely reach around 3420. Secondly, from the hourly chart, there are some signs of head and shoulders bottom. It would be perfect if it can fall back and then go up again. But gold cannot fall below 3345 again. If it falls below 3345 again, it cannot be long. Operation strategy: Go long when the price falls back to around 3350, stop loss at 3340, profit range 3375-3400.
OANDA:XAUUSD
by Quaid-1
2
Iran hardens steel, gold rises! 📣Gold news On Thursday (June 12, 00:00 in the Asian morning, spot gold continued to rise, reaching a high of $3,377 so far, a new high this week. The lower-than-expected US CPI data in May increased the possibility of the Federal Reserve's interest rate cut in September, and the trend of the US dollar and the decline in US bond yields provided a favorable environment for gold prices. At the same time, tensions in the Middle East escalated on Wednesday, and Iran said it would attack US military bases in the Middle East if negotiations broke down. The sharp rise in geopolitical tensions in the Middle East has significantly increased the safe-haven demand for gold. Although the conclusion of the US-China trade agreement has eased some market pressure, the potential impact of tariff policies on inflation still needs to be vigilant. Looking ahead, investors need to pay close attention to Thursday's PPI data and the Fed's policy trends, while keeping an eye on the situation in the Middle East. Driven by risk aversion and expectations of loose monetary policy, the gold market still has room for upside in the short term. 📣Technical side: Yesterday's CPI data was bullish. After a brief surge, it fell back to below 3330, and then fluctuated. The rise was not strong. Late at night, Trump again called on the Federal Reserve to cut interest rates by 100 basis points. Confidence in the Iran nuclear negotiations decreased. In the next one to two weeks, he will send a letter to trading partners to set unilateral tariffs. Uncertain risks increased. Gold rose in contact with the CPI data. In the short term, the price broke through the 3348-3353 suppression. Consider going low around this position during the day, looking at the 3383-89 suppression, stop loss 3337, pay attention to risks. 💰Strategy Package Today's trading strategy: long around 3349. Stop loss 3337, take profit 3383 Short around 3370, stop loss 3374, take profit 3350 Trend value trading is the only way for all investors to make profits. There is no shortcut, and don't be lucky. Any investor needs to go through the process of loss, capital preservation, and profit from the beginning of entering the market. The market is definitely not a long-term paradise for speculators. A successful speculation does not mean that it can be successful from beginning to end. Only stable and continuous profits can make a person successful. There must be rules here. If you don't break the rules, you won't be eliminated.
OANDA:XAUUSDLong
by Labaron
Gold Consolidates Around $3,340–Mild Bullish Bias Ahead CPI Data📊 Market Summary Gold is consolidating around $3,340/oz, up about 0.5% today, as investors seek safe-haven assets amid ongoing US–China trade tensions. The market is also closely watching the upcoming U.S. CPI data release. 📉 Technical Analysis Key Resistance: • $3,350–3,360 – recent swing highs, aligning with the intraday EMA50 and Fibonacci resistance. • $3,370–3,380 – major monthly high, potential breakout zone. Nearest Support: • $3,320–3,330 – EMA20–21 zone, daily support and key pivot level. • Below $3,320, next support lies near $3,300. EMA 09: • Price is trading above EMA9 but still below EMA21–50 → suggests neutral-to-slightly bullish intraday bias. Candlesticks / Volume / Momentum: • Small-bodied candles with low volume → signs of sideways movement. • RSI on H1 ~60, H4 ~55 → modest upward momentum, not yet overbought. 📌 Outlook Gold is likely to continue consolidating around $3,340, with mild upside potential if the U.S. CPI data comes in hot or trade talks remain inconclusive. 💡 Suggested Trading Strategy SELL XAU/USD at: $3,350–3,355 🎯 TP: $3,330–3,335 ❌ SL: $3,360 BUY XAU/USD at: $3,320–3,330 🎯 TP: $3,340–3,345 ❌ SL: $3,310
OANDA:XAUUSDLong
by Mian-FXSignals
Beware of the bull trap in gold. 📊Technical aspects Gold fell to 3330 and then began to rebound. After the release of the US CPI data, gold rose rapidly. This is the time to test human nature and the true understanding of the market. Is it the bulls coming or the positives being realized and the market continues to fall? Then many people may see the big rise and start chasing the rise, and then the market will once again make a big reversal as if it is a joke. After the release of the US CPI data, gold continued to short at 3360-65. Gold fell as expected. Gold fell as it went up. This shows that the above section was a market that lured more buyers. The rebound will continue to be mainly short. Since gold is now tempting to buy, it means that the main trend of gold is still short, so the rebound will continue to be short. Gold closed with a long upper shadow in 1 hour, so gold is still a strong resistance area above 3350. The upper shadow just happened to surge upward with the help of data, which is the so-called false breakthrough. Gold rebounded to 3350-60 in the US market and continued to be short. 💰 Strategy Package This is the charm of the market. Some people are always wavering between ups and downs, while others can always grasp the turning points. However, the prerequisite is to be able to see the trend clearly and follow the trend. Short Position：3365-3370，3370-3380
TVC:GOLDShort
by TheodoreSilas
4
XAU/USD(20250612) Today's AnalysisMarket news: ① The EU hopes that the trade negotiations will be extended beyond the suspension period set by Trump. ② Bessant: As long as "sincerity" is shown in the negotiations, the Trump administration is willing to extend the current 90-day tariff suspension period beyond July 9. ③ Trump will hold multiple bilateral talks during the G7 summit. ④ The total customs revenue of the United States in May reached a record high of US$23 billion, an increase of nearly four times year-on-year. ⑤ Lutnick: One deal after another will be reached. Technical analysis: Today's buying and selling boundaries: 3343 Support and resistance levels: 3388 3371 3360 3326 3315 3298 Trading strategy: If the price breaks through 3371, consider buying in, and the first target price is 3388 If the price breaks through 3360, consider selling in, and the first target price is 3343
OANDA:XAUUSDLong
by NuggetsWarriors
Analysis of the latest gold price trends!Market news: In the early Asian session on Wednesday (June 11), spot gold fluctuated in a narrow range and is currently trading at $3,330 per ounce. London gold prices rose and fell on Tuesday as the conflict between Russia and Ukraine continued and the World Bank also lowered its global economic growth forecast. Traders are closely watching the Sino-US trade negotiations, the results of which may ease trade tensions and boost the global economy, thereby reducing the demand for safe-haven assets, while the continued rise in US stocks has also suppressed the safe-haven buying demand for international gold.In the past few days, gold has fallen from its recent highs, mainly because the market has optimistic expectations for negotiations between China and the United States and Britain and Russia. If the United States and China reach a trade agreement, it will weaken the attractiveness of gold as a safe-haven asset. Gold is a hedge investment tool and usually rises during periods of geopolitical and economic uncertainty. The market is currently focusing on the upcoming US CPI data for May. Expected data show that inflation may rise slightly to 2.5%, with core CPI around 2.9%. If the data exceeds expectations, it may be bearish for gold in the short term; if inflation slows down, it will strengthen the market's expectations for the Fed to cut interest rates this year, which is bullish for gold prices. Technical review: Technical daily chart continues to close with alternating yin and yang cycles, the moving average is glued together, and the RSI indicator runs on the middle axis. The moving average of the four-hour chart is glued together, the price is adjusted near the middle track of the Bollinger Band, and the RSI indicator is flat. Gold rose above 3349 yesterday and fell back to 3320 in the early morning. After a sharp drop to 3315 in the Asian session, it needs to break the low point of 20 in the early morning and then quickly rise to 3331.     Pay attention to the 3320 position in the Asian session. If 3320 stabilizes and moves upward, continue to look at the test of 3340/50 during the day. Otherwise, if it loses again or adjusts around 20 during the day, it will be regarded as a weak sell. Pay attention to 3306/3293 below. Gold technical aspects continue to be arranged with a shock idea. Under the premise that there is no news to stimulate the selling, gold continues to maintain low-price buying as the main technical aspect, and high-price selling as the auxiliary. Today's analysis: From the daily level, gold is in a high-level shock consolidation since the peak of 3500. The current highs of 3500, 3435, and 3403 are gradually moving down, and the lows of 3120, 3245, and 3293 are gradually rising. The shock range is gradually narrowing. The short-term market may continue to maintain shocks. If it breaks, it needs to wait for the direction of the breakthrough to be stimulated by major news! So today's lock range is 3293-3360. It is recommended to sell at high prices and buy at low prices to treat shocks, mainly short-term or ultra-short-term, and do not chase ups and downs before the range is effectively broken. Operation ideas: Buy short-term gold at 3310-3330, stop loss at 3292, target at 3340-3360; Sell short-term gold at 3350-3363, stop loss at 3362, target at 3300-3310; Key points: First support level: 3320, second support level: 3306, third support level: 3292 First resistance level: 3346, second resistance level: 3358, third resistance level: 3376
OANDA:XAUUSDLong
by NuggetsWarriors
The US CPI data is coming soon 💡Message Strategy During the New York trading session on Tuesday (June 10), spot gold staged a "high diving" trend, with the price of gold falling sharply by about US$30 from its high. Regarding the Sino-US trade negotiations, US Commerce Secretary Lutnick said on Tuesday that the negotiations were progressing "very, very smoothly." He said he hoped the negotiations could be concluded on Tuesday night, but if necessary, they would continue on Wednesday. 📊Technical aspects Yesterday's gold trend was still in line with my bearish thinking. In the short term, due to today's CPI data, we remained cautious yesterday and the trend was volatile and bearish. Today's heavy CPI data will break the volatility. Today's idea is still to follow the trend and be bearish. Pay attention to the support near 3340. If it can still rise to 3350-60 during the day, it will be a good opportunity to open a short position. If the data performance meets our bearish expectations, gold is likely to generate a profit margin of $100. Always pay attention to trading signals. 💰 Strategy Package Short Position：3340-3355,3355-3365
TVC:GOLDShort
by TheodoreSilas
Gold is in a state of shock again, the market is waiting for CPI📰 Impact of news: 1. May CPI data 📈 Market analysis: Gold is still fluctuating, and the bulls and bears are currently in a stalemate. The market is waiting for the release of today's CPI data. From the 1H chart, the Bollinger Bands are narrowing, and the gold price is above the 3331 middle track. RSI is stuck at 55, and the MACD golden cross green column is narrowing. For short-term trading, pay attention to the resistance of 3340-3350, and the support of 3320-3310 below. 🏅 Trading strategies: SELL 3340-3350 TP 3320-3310-3300 BUY 3320-3310 TP 3330-3345 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 FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell-2
Gold fluctuates, awaiting CPI data.In Asian trading on Wednesday, traders are awaiting the release of the latest U.S. Consumer Price Index (CPI) data for May. Estimates suggest that prices are likely to rise as American households feel the impact of tariffs imposed by the Trump administration. But the easing between the world's two largest economies should have an adverse impact on safe-haven assets such as gold, and the lack of a downward trend in gold prices suggests that investors are waiting for more developments. In terms of short-term trends, the gold 1-hour chart shows that gold prices remain in an upward channel with a low point. So from the trend, the current momentum for gold to rise will be stronger. The price pullback is giving opportunities to go long. The change of thinking is actually following the trend. For the current operation, enter the market with the trend, and cover the position when it falls back or break through the profit position to cover the position. In a strong market, during the correction phase, the price is rising, and the amplitude of the correction is often small. The bulls retreated at the opening to accumulate momentum. Above is the pressure level of 3350-3360. Once it breaks through and stabilizes, it will accelerate the upward trend. Just follow the general trend of the market. Operation strategy: Go long when the price falls back to 3310-3320, stop loss at 3300, and profit range is 3345-3360.
OANDA:XAUUSD
by Quaid-1
“Gold Eyes 4‑Hour Demand at $3,322” 11 June 2025Gold (XAU/USD) has consolidated near $3,332 after an SMC-style structure sweep above $3,338, which likely captured institutional liquidity before a clean CHoCH and pullback toward a key demand zone at $3,322–$3,328. This demand zone held firmly—on a bullish 4‑hour candle—indicating underlying strength. Key technical confluences: CHoCH above $3,322 confirms bullish structure. Price above 200‑SMA and mid-Bollinger Band on 4H. RSI (~55‑60) and MACD showing resumed bullish momentum. ✅ 4H Entry Strategy Breakdown Bullish Retest Wait for price to revisit $3,322–$3,328 with bullish candle formation → enter long. SL just below $3,312; targets at $3,345 and then $3,355. Breakout Option If momentum pushes price above $3,353 resistance, follow the breakout with target zones extending to $3,365–$3,380. Supply Rejection Alternatively, watch for reversal patterns near $3,345–$3,353. A confirmed rejection opens a short trade down to $3,322. Scalp Play For quicker profits, scalp the bounce from the demand zone with tight stops and targets within the 4‑hour upper range. Risk note: US CPI and trade headlines may inject volatility. Waiting for candle confirmation is critical to validate setups.
OANDA:XAUUSD
by Tami512
XAUUSD - Risk Management - How much % do you risk daily?⭐It’s not about how much you know. It’s about how much you risk.⭐ The lesson you only learn after blowing up your account. You’ve read hundreds of articles, watched countless hours of YouTube. Joined 5 groups.Subscribed to 10 channels. Maybe you even tried a prop firm challenge and failed it in two days. Paid for mentorship. Kinda know structure. See price action. And yet… your account still shrinks faster than your patience. Because at the end of the day: It’s not about what you know. It’s about how much you risk. ⚠️ The trade was right. Your lot size wasn’t. You had a good setup. Price reached your zone. There was confluence. Everything looked clean — until your lot size showed up to ruin everything. Example: You entered with 0.50 lots on a $200 account, using a 40-pip stop loss. Let’s break it down: • $0.50 per pip × 40 pips = $200 loss • You lost 100% of your account on a single trade The strategy didn’t fail. The size did. 💡 Why “risking 1%” works on paper — but not on XAUUSD Every trading book, coach, and Twitter guru screams: “Just risk 1-3% per trade.” Cool. Sounds disciplined. But in Gold, most traders use tight stop losses — 20, 30, maybe 50 pips. To stay within 1% risk with such a small SL, your lot has to be bigger. And that’s where accounts explode. Gold doesn’t move like EURUSD. It spikes, wicks, manipulates, and throws fakeouts for fun. Experienced traders know that sometimes a 150–180 pip SL isn’t weak — it’s smart. It’s not about “being wrong.” It’s about giving the setup room to breathe. 📌 What actually works Instead of risking 1-3%, many experienced traders manage risk more conservatively: • 0.25%–0.35% per trade is more sustainable • 0.50% is rarely reserved for highly valid, high-confluence setups only This allows for: • More breathing room • Emotional control • Less panic during drawdown • And more trades that survive manipulation 🧠 Your position size is your psychology, exposed. Most traders don’t lose because they picked the wrong zone. They lose because they sized their trade like they were trying to get rich overnight. You want to measure discipline? Forget strategy. Look at how much someone risks per trade. A 0.10 lot on a $500 account means control. A 1.00 lot on the same account means desperation or showoff. 🧮 A quick example to make it real You have a $1,000 account. You risk 0.20% — that’s $2/pip. Your stop loss is 50 pips. That means you can trade 0.10 lot safely. Now you’re giving the trade room to work — and if it fails, you’re still in the game. That’s the difference between blowing up and showing up. 📉 Bonus risk reminder: Daily exposure ≠ per-trade risk If you’re taking 2–3 trades per day, don’t risk 0.30% on each one. That’s not low risk — that’s stacking exposure. ✅ What you should do: Decide your daily risk limit (let’s say 0.30%), then split it across your planned entries. 2 trades? → 0.15% each 3 trades? → 0.10% each 🎯 Final thoughts Your setup doesn’t need to be perfect. You do. → Risk according to volatility, not emotion → Respect your stop loss, and scale your lot size to match → Don’t try to force profits out of every candle The best traders aren’t always right — they just size smart enough to be wrong and still come back. If this lesson helped you today and brought you more clarity: Drop a 🚀 and follow us✅ for more published ideas.
FOREXCOM:XAUUSD
by GoldMindsFX
4
GOLD PAY ATTENTION TO BULISHXAUUSD (Gold) Technical Signal ⚠️ | Price action is forming a classic bull flag pattern, showing consolidation after a strong upward move. The flag is starting to 'blush' — early signs of momentum building for a potential breakout. If price breaks above the upper trendline with volume confirmation, we could see a continuation toward higher resistance levels. Traders, keep a close eye – gold may be preparing for its next leg up. #XAUUSD #GoldSignal #BullFlag #TechnicalAnalysis #ForexSignals #GoldBreakout #PriceAction"
OANDA:XAUUSDLong
by SadarExplore
Gold continues to fluctuate, CPI data becomes the key Technically, the daily chart continues to fluctuate sideways, the moving average is glued together, and the RSI indicator runs near the middle axis. The moving average of the four-hour chart is also glued together, the price is adjusted near the middle track of the Bollinger Band, and the RSI indicator also runs near the middle axis. The gold price once broke through the 3349 mark yesterday, and then fell back and closed near 3320. Focus on the 3320 position during the Asian session. From a technical perspective, the gold price continues to fluctuate in a range. Under the premise of the lack of news stimulating negative impact, from a technical perspective, the gold price continues to maintain low buying. From the daily level, gold has been fluctuating at a high level since the high of 3500. The current highs of 3500, 3435, and 3403 are gradually moving down, and the lows of 3120, 3245, and 3293 are gradually moving up. The range of fluctuations is gradually narrowing. The short-term market may continue to fluctuate. If it breaks through, it will need to wait for major news stimulation to break through the direction! 💰Strategy Package Then today's lock-up range is 3293-3350. It is recommended to sell high and buy low. Before the effective breakthrough of the range, short-term or ultra-short-term scalping is the main means. Key points: First support level: 3320, second support level: 3306, third support level: 3292 First resistance: 3346, second resistance: 3358, third resistance: 3376 Buy: 3303-3305, stop loss: 3292, target: 3320-3330; Sell: 3350-3353, stop loss: 3362, target: 3330-3320; ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds
OANDA:XAUUSDShort
by Labaron
1
GOLD PRICE ACTION ANALYSIS – June 11, 2025 GOLD PRICE ACTION ANALYSIS – June 11, 2025 🟡 Technical Breakdown & Bearish Scenario Ahead ⚠️📉 🔍 Overview: The chart presents a clear range-bound structure with strong horizontal resistance around the $3,400–$3,420 zone and support around the $3,120–$3,160 level. Price is currently trading near the upper range of the consolidation. 📊 Key Technical Levels: 🔴 Resistance Zone: $3,400 – $3,420 ➤ Price has been rejected here multiple times (highlighted by red arrows and orange circles), showing strong supply pressure. 🟣 Intermediate Support: $3,260.618 ➤ This level acted as a minor support and could be tested again if the current pullback deepens. 🟤 Major Support Zone: $3,120 – $3,160 ➤ A key demand area where price previously bounced significantly. 📉 Bearish Setup: A potential lower high is forming just below the resistance zone. The projected path suggests a minor pullback to form a bearish retest, followed by a potential breakdown below $3,260. If the $3,260 support is broken decisively, further downside toward the $3,120–$3,160 support is likely (blue arrow projection). 🔄 Bullish Scenario (Invalidation): A breakout and strong close above $3,420 could invalidate the bearish structure. In that case, price might attempt to target higher resistance levels beyond $3,440. 📌 Conclusion: Gold remains in a range with a bearish bias unless the $3,420 resistance is breached. 🔽 Watch for confirmation below $3,260 for bearish continuation. ✅ For bulls, wait for a strong breakout above resistance with volume.
TVC:GOLDShort
by MrStellanSight
How is the market situation during the China-US talks?Information summary: On Tuesday, as the China-US trade negotiations entered the second day, the US dollar index fluctuated around the 99 mark. The gold price once approached the 3,300 US dollar mark in the Asian market, and then continued to rise, reaching the highest of the 3,350 US dollar mark. After the opening of the US stock market, all the gains during the day were given up, and it has been maintained below 3,350 for consolidation. From the current known negotiation information, the two sides basically agree on the general direction and principles, but it means that more specific content and details have not yet been fully negotiated, and more dialogue is needed to resolve. Market analysis: From the current gold market, as long as the 3,350 mark cannot be strongly broken through next, the price will fall again. The consolidation range will remain at 3,300-3,350. As long as the price fails to break through strongly, there will still be a fifth wave of downward trend. Therefore, gold is still maintaining short selling operations at high points. Operation strategy: Short at 3345-3450, stop loss at 3360, the first target is this week's low of 3300, the second target is 3285, and the third target is 3250.
OANDA:XAUUSDShort
by Quaid-1
Analysis of gold prices on June 11 📌Gold news 🎈Economic data and policy expectations U.S. employment data; initial jobless claims increased for two consecutive weeks, and the market focus shifted to the non-farm payroll report released this week. The data performance will affect the Fed's policy path. Trump pressures interest rate cuts: Trump recently called on the Fed to cut interest rates by "one percentage point" again, and hinted that he would consider replacing the Fed chairman, exacerbating market expectations for loose monetary policy. 🎈Long-term support factors Despite short-term fluctuations, global economic and geopolitical uncertainties (such as repeated trade frictions and debt risks) still provide long-term safe-haven demand for gold, especially in the context of the divergence of monetary policies between European and American central banks, the allocation value of gold is highlighted. 📊Technical analysis Before the European session, the gold price showed a continuous positive trend. I gave a hint in my analysis that I was not in a hurry to guess the top, and followed the trend to rise to around 3340 and wait for the turning point to appear. The opening trend of the European session tended to fluctuate until it rose to around 3348 in the evening and then turned from rising to falling, but the decline was not strong. It rose again at the position of the European session. Now the gold price is trading around 3350. From the market point of view, this wave of rise was supported by the trend line at 3300. Whether it was geopolitical conflicts or various news about Sino-US trade negotiations that stimulated buying to drive gold prices up, the second rise in the US session has exceeded 3340. The next key suppression level is around 3360, which is 618 from 3403 to 3300, which can be treated as a turning point. The initial support below focuses on the high point of yesterday's Asian session at 3338. 💰Strategy Package Waiting for gold: short at 3355-3360, stop loss at 3365, target at 3340-3328! ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds
OANDA:XAUUSDShort
by Labaron
1