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We are waiting for the H4 liquidity backtest to place SELL GOLDYesterday there was a BUY point and a missed SELL. Currently gold is in wave 5. We are waiting for the H4 liquidity backtest to place a SELL order. World gold prices rose after the People's Bank of China announced on June 7 that it had added gold to its reserves for the seventh consecutive month in May. China's gold reserves were valued at $241.99 billion at the end of last month, down from $243.59 billion at the end of April. Gold prices hit an all-time high (over $3,500/ounce) in April, which boosted the value of China's holdings of the precious metal. Investors are now waiting for the US Consumer Price Index (CPI), data due on June 13, to assess the country's economic health and predict the trajectory of the US Federal Reserve's interest rate cuts. Let's wait for SELL Best regards, StarrOne !!!
OANDA:XAUUSDShort
by StarrOne
3
Gold at risk if US–China talks fail📊 Market Overview: • Spot gold is trading around $3,309–$3,311/oz (according to TradingEconomics, Kitco…), slightly down by 0.5% as markets await the outcome of US–China trade talks in London. • The US dollar has eased following some positive signals from the talks, but overall market caution remains high ahead of the June 11 CPI release and the upcoming Federal Reserve decision. 📉 Technical Analysis: • Key resistance: $3,340 (June consolidation ceiling); further upside at $3,353–$3,370 if a breakout occurs. • Nearest support: $3,298 (monthly pivot); if breached, price may move toward $3,270 → $3,243. • EMA09/EMA20/EMA50: Price is trading below the short- to mid-term EMAs, indicating a consolidating or slightly bearish trend. • Candlestick/momentum: Sideways structure within $3,298–$3,332; weak momentum. RSI and Stochastic are below mid-levels, signaling market caution. 📌 Outlook: • Gold may continue to consolidate or edge lower in the short term if the US–China negotiations fail to deliver a significant breakthrough and no strong bullish data emerges. • Conversely, any signs of renewed tension, failed trade talks, or unexpectedly high inflation figures could reignite bullish momentum and push prices back toward the $3,332–$3,370 range. ________________________________________ 💡 Trade Strategy Suggestion: ➡️ SELL XAU/USD Entry: $3,330–$3,335 • 🎯 TP: ~$3,310 • ❌ SL: $3,345 ➡️ BUY XAU/USD Entry: $3,298–$3,305 • 🎯 TP: ~$3,320 • ❌ SL: $3,288
OANDA:XAUUSDShort
by Mian-FXSignals
3
The short-term tug-of-war for gold is starting Gold prices continued their decline last Friday and stabilized and rebounded. Yesterday, gold prices fell back to the 3,300 mark, then slowly rose to the 3,338 mark, and fell back after encountering resistance, which is in line with the technical consolidation rhythm. - China-US trade negotiations: The US has released signals that it is willing to relax export restrictions, and the market is waiting for the results of the negotiations, which may affect risk sentiment. - US May CPI data: Inflation changes will provide key guidance for the Fed's policies. - The current trend is weak, but the downside is limited. Buy on dips and avoid large-scale shorting. - Today, it is recommended to wait and see, and wait for the negotiation results to become clear before entering the market to reduce volatility risks. 🔥Sell gold area: 3330-3348 SL 3352 TP1: $3320 TP2: $3310 🔥Buy gold area: $3295-$3305 SL $3290 TP1: $3320 TP2: $3330
OANDA:XAUUSDShort
by Labaron
2
Gold rises and then falls, short at 3330📰 Impact of news: 1. Geopolitical situation 2. Impact of the US dollar trend on gold 📈 Market analysis: Gold rebounded again after falling to 3301, but the upper 3330-3340 line still has strong suppression on gold. Judging from the current trend, because the gold price has risen in the short term and returned to the 3325-3327 line, the short-term resistance is still 3330-3335 and it is expected to fall under pressure. Look for the 3315-3310 position. If it falls below this support, look down to the 3300-3290 line. 🏅 Trading strategies: SELL 3330-3340 TP 3315-3310-3300 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 Price Analysis June 10Gold price reacted at the Trenline and EMA 34 yesterday and bounced back but still closed below the breakout zone of 3335. The downtrend can still continue as long as 3335 remains strong today. H4 shows the provincial port area at 3295 and 3275 in the opposite direction of the provincial port at 3339 and 3365. H1 is still forming a clear downtrend. 3309 is the immediate resistance zone. is the price zone that can scalp breakout if it closes above this zone. break 3309 Gold will head to 3327 in this zone, if you want to SELL, you have to wait for confirmation from the selling candle. When the buyers push the price strongly through 3327, you have to wait for the US session resistance around 3338 yesterday. Resistance and support during the day are noted around 3275 and 3365
OANDA:XAUUSD
by TVS-Trader
1
Gold is falling. Where is the low point?Market summary: Yesterday, thanks to the weakness of the US dollar, the US dollar once fell below the 99.0 mark. Spot gold rebounded from the low of 3293 hit earlier in the session, recovering all the losses during the day, and the highest point was near 3338. It fell from the high point in the early Asian session on Tuesday, and has been consolidating in the 3300-3310 range so far. In my early analysis, I pointed out that there is a high probability that the fifth wave of the wave trend will fall at the beginning of this week, and as I predicted, it is completing the fifth wave of the downward trend. Trend analysis: From the four-hour chart, the fourth wave of rebound has been completed, so today is the fifth wave of the downward trend. Next, we look at the two target ranges. The first target is around 3280, and the second is 3260-3350. And today, it is highly unlikely to stabilize above 3310, so don't choose to short at the rebound high point, the chance is very slim. Operation strategy: Short around 3310, stop loss at 3320, profit range 3380-3350.
OANDA:XAUUSDShort
by Quaid-1
1
Gold Trading Strategy June 9The D1 candle cluster on Friday broke the sideway structure near the AHT peak and confirmed the downtrend for Gold price by breaking through 50% of the main bullish candle on June 2. After touching the Gap zone around 3395. Gold price pushed up quite high in Tokyo trading session today and headed towards the first resistance levels around 3319. This area can wait for reaction and SELL to return because this is the area where the Sellers accumulated quite strongly at the beginning of the session. The European session will pay more attention to the 3334 area with a breakout point also quite important on Friday. If from 3334 the gold price falls, it will form a strong fall according to the downtrend structure and head towards 3275 soon. SELL is following the trend and can sustain profits far away, while BUY points are considered to find a corrective reaction wave, so narrow expectations. Support: 3295, 3275 Resistance: 3319, 3334, 3345, 3359 Wish you a successful trading day
OANDA:XAUUSD
by VHT_Trader
4
The golden direction after non-agricultural 💡Strategy Review Gold fell sharply from a high on Friday. We insisted on high shorts. Although gold seemed to rebound strongly, it quickly fell back under pressure at 3375. Gold continued to short at 3370 and fell before the non-farm payrolls. Gold was bearish on the US non-farm payrolls. Gold continued to short at 3365 and finally fell sharply. Gold continued its two consecutive wins at high altitudes on Friday. Although gold has not reached our second target, it has fallen perfectly to our first target, and there is also room for profit of $70. So what will be the trend of gold in the future? At present, the short trend of gold is still strong. If it continues to fall below 3290 after opening, there will be a lot of room for further decline. 📊Technical aspects The gold 1-hour moving average has formed a dead cross downward, so gold still has downward momentum. After the gold 1-hour high box oscillation, gold finally fell below the box, indicating that the gold short position is better. Then the bottom of the gold box has now formed resistance, and the short-term 3340 line of gold has formed resistance to gold. If gold is under pressure at 3340 at the beginning of next week, then gold can continue to be short. 💰 Strategy Package Short Position：3330-3340
TVC:GOLDShort
by TheodoreSilas
1
$XAU (GOLD) 15M AnalysisPrice rallied strongly into a bearish FVG (Fair Value Gap) around 3,335 after reclaiming demand...However, this rally lacked conviction and broke structure to the downside, forming a lower high and a weak low retest. Ideal short setup: Price returns into the FVG, rejects around 3,333–3,335, then shows signs of displacement downward. First target: Break below 3,325. Invalidation: Clean break and close above 3,336. Bias: Short from FVG zone. Target: 3,294 area of liquidity. This is a classic liquidity sweep + FVG rejection setup. Reclaim of the trendline after sweep. Price to revisit the FVG zone around 3,335. Final rejection and breakdown toward 3,294.
OANDA:XAUUSDShort
by TopGBanks
XAUUSD SNIPER PLAN – TUESDAY, JUNE 10, 2025👋 Good evening traders! After a choppy NY that faked both directions, Monday closed with gold stuck around 3325. But don’t be fooled — the real plays are coming Tuesday as we align with clean structure, trap logic, and real macro catalysts. Focus only on what matters. Let’s prep with clarity and intent. 🎯 🌍 TUESDAY MACRO PREVIEW (JUNE 10) 📊 12:00pm – NFIB Small Business Index 🗣️ 10:00pm – President Trump speaks (market-moving risk) 🛢️ 10:30pm – API Weekly Oil Data (impacts USD sentiment) No CPI or FOMC yet — but volatility is brewing. Trump + late-day oil stats = prime conditions for NY tricks or late-session moves. 🧠 TECHNICAL STRUCTURE 🔹 Last impulse: 3292 → 3338 🔹 Price now: 3325 🔹 Asia swept 3293 — partial gap fill 🔹 NY faked above 3338 → rejected → no follow-through 🔹 HTF still bullish but in pullback mode 📏 Fibonacci (3292–3338) – 50% = 3315 – 61.8% = 3310 – 78.6% = 3303 📊 EMAs: 5/21 kissing → possible expansion 📉 RSI: Mid-range → clear room to move 🔐 STRUCTURE ZONES – CLEAN & ACTIVE Price Zone Type Logic 3345–3354 SELL ZONE 1 HTF FVG + inducement trap 3362–3368 SELL ZONE 2 OB + liquidity clear above final highs 3329–3332 FLIP ZONE NY trap → could flip support or reject 3307–3310 BUY ZONE 1 61.8% + CHoCH potential + OB 3292–3296 BUY ZONE 2 Asia low + FVG + discount sweep 🎯 PLAN OF ATTACK ✅ Bullish Plan – Hold above 3315–3320 – Break 3338 → retrace into 3310/3307 = sniper long 🎯 TP: 3354 → 3368 ❌ Bearish Plan – Fail under 3332 → tap 3345–3354 for reaction – Rejection = sell into 3310–3296 🎯 TP: 3310 → 3292 ⚠️ 3329–3332 = reaction zone only Do not sell blindly — wait for confirmation. 👀 EYES ON: – 3338 = intraday BOS point – 3307 = sniper trigger if CHoCH – Trump speech = high spike risk – NY tends to reverse early Asia setups 🚀 FINAL WORD We’re not here to chase noise — we’re here to execute with structure. You’ve got two clean sells, two sniper buys, and real macro risk on the table. No guesswork. Just precision. 💬 What’s your plan for Tuesday? Do you see the 3362 trap playing out? Are you waiting for the 3307 sniper? 👇 Drop your scenario in the comments — let’s compare setups and grow together. 📲 Follow @GoldFxMinds for daily sniper clarity 🎯 Let’s dominate CPI week. Together. 💬 Drop a 🚀 if you’re locked in for NY 🔥 Let’s make Tuesday count — clean, confident, and calculated.
OANDA:XAUUSD
by GoldFxMinds
7
Gold price rebounds, short-term strength?After the opening of the U.S. stock market today, the price of gold rose rapidly, breaking through the first resistance level of 3325, and currently reaching the intraday high of 3337. However, from the hourly chart, the current price has not reached the upward trend point I predicted, so the price is likely to rise slightly again in the future. From the 4-hour chart, gold rose again after falling back in the U.S. market, and the price broke through the 3325 position upward, which means that the short-term is strong; in the morning analysis, I predicted that gold would fall back and rush high, and the fall back can be short-term long, and the volatile market can be operated in the short term according to this strategy. At present, the 4-hour MA5-day and 10-day moving averages have a trend of forming a golden cross upward, and after the fall in the morning, the moving averages are currently showing an upward turning trend. Therefore, after the price breaks through 3325, the probability of continuing upward is still relatively large, and the pressure position is 3345; this position is the point after the fall back from the high point in May, and it is also an important pressure position after the current price falls back and rebounds. The price is currently heading towards a retest of 3340-3345 levels. If the dollar continues to fall and gold manages to consolidate above 3345, the bullish trend is likely to continue. However, a false breakout of 3340-3345 area could trigger a further decline following the breakdown of the bullish structure.
OANDA:XAUUSD
by Quaid-1
Evening gold trend analysis and operation layout📰 Impact of news: 1. The streets of Los Angeles are full of "gunpowder smell"! Immigration protests escalate, and Trump sends troops to suppress them 2. Geopolitical situation 3. Federal Reserve political expectations 📈 Market analysis: Gold rebounded as expected and touched the 3330 line. In the short term we need to pay attention to the 3335 line. On the one hand, it is the top and bottom, and on the other hand, the annual average line is also the pressure point of the upper track of the downward channel. Once it is suppressed below 3335, it will continue to fluctuate downward. If it unexpectedly breaks through 3335 or even 3340, then 3293 is likely to become the short-term bottom. At present, the rise has slowed down after rising to 3330, and the technical side shows a top divergence signal, so in the short term, we still maintain the idea of ​​shorting at a high level of fluctuation. 🏅 Trading strategies: SELL 3335-3345-3355 TP 3310-3300 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. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell-2
Gold May See Short-Term Correction As US-China Talks Loom💡 Suggested Trading Strategies SELL XAU/USD at: $3,320 – $3,326 🎯 TP: $3,300 ❌ SL: $3,330 BUY XAU/USD at: $3,296 – $3,300 🎯 TP: $3,320 ❌ SL: $3,290 📊 Market Summary Gold prices have been volatile recently due to high-level trade negotiations between the US and China. Investors are cautious as a potential breakthrough could ease tensions and reduce safe-haven demand for gold. 📌 Outlook Gold may decline slightly toward the $3,296–$3,300 range if no breakthrough is achieved in US-China talks. However, a positive outcome could trigger a rebound toward the $3,326–$3,340 zone.
OANDA:XAUUSDLong
by Mian-FXSignals
Gold hits 3335 in the US market and shorts ⭐️Gold information: Looking back at last week's trend, after hitting a high on Monday, gold prices fluctuated in a range from Tuesday to Thursday, and closed with a sharp drop on Friday, forming an M-top pattern from a technical perspective. This week, the market focus is on the high-level trade negotiations between China and the United States held in London. The market expects that the negotiations will proceed smoothly, and this optimism is bearish for gold. Based on the comprehensive technical and fundamental analysis, the gold price is still bearish today. It is recommended to pay attention to the short-selling opportunities in the rebound range of 3330-3340 US dollars. ⭐️Set gold price: 🔥Sell gold area: 3330-3340 SL 3345 TP1: $3320 TP2: $3310 TP3: $3295
OANDA:XAUUSDShort
by Labaron
1
Gold is falling, waiting for the trend to be completed?The Asian market continued to fall on Friday in the early trading on Monday, reaching a low of around 3293. It then bottomed out and rebounded, reaching a high of around 3325, and is currently maintaining a consolidation around 3320. From the hourly chart, gold is completing the fifth wave in the wave trend; in the short term, gold is in a rebound trend, and has been maintaining this upward trend channel. As long as it cannot fall below 3310 next, the gold rebound has not ended, and it may directly test the top around 3345. Because 3345 is exactly the bottom of the first wave, the rebound trend from 3293 is likely to be the fourth wave. As long as the fourth wave rebound cannot strongly break through the bottom of the first wave at 3345, then the fifth wave will most likely show a downward trend. Therefore, the current trading operation is basically simple; Long strategy: long at 3315-3320, stop loss at 3305, and profit range at 3340-3350. Short selling strategy: wait for the price to stabilize near 3345 and then enter the market to short sell. Important tip: If the price falls from 3345, it is highly likely to go down directly to the low point of 3280-3250.
OANDA:XAUUSD
by Quaid-1
Gold weakness continues, bears continue to exert force📰 Impact of news: 1. The streets of Los Angeles are full of "gunpowder smell"! Immigration protests escalate, and Trump sends troops to suppress them 2. Geopolitical situation 3. Federal Reserve political expectations 📈 Market analysis: At present, the hourly moving average of gold price is spreading downward. At the same time, the 4H chart has retreated from a high and lost the middle track, breaking through the rising trend line. The low point of the trend line coincides with the middle track. Today's operation uses the low point of 3330-3335 as the critical point of strength and weakness. If the market rebounds below this range, you can just go bearish. If it breaks through this dividing point, you need to be cautious. On the whole, the recommended short-term operation strategy for gold today is to mainly short on rebound. Focus on the resistance of 3330-3340 on the upper side in the short term, and focus on the support of 3290-3280 on the lower side in the short term. The market fluctuates greatly, and stop loss is strictly controlled! 🏅 Trading strategies: SELL 3325-3335 TP 3300-3290-3280 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. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell-2
Gold support near 3280 remains strong! ⭐️Gold information: Gold prices (XAU/USD) stabilized near $3,310 in early Asian trading on Monday, and gold prices struggled to gain momentum against the backdrop of renewed strength in the U.S. dollar (USD). As of press time, gold was around 3315 points. Although the strengthening U.S. dollar posed resistance to gold, lingering uncertainty surrounding President Trump's tariff strategy continued to provide some support for it. On Friday, optimistic labor market data boosted the dollar and put pressure on dollar-denominated assets such as gold. The U.S. Bureau of Labor Statistics (BLS) reported that nonfarm payrolls increased by 139,000 in May, exceeding expectations of 130,000 and exceeding the revised 147,000 (originally 177,000) last month. The stronger-than-expected employment report dampened hopes for a near-term rate cut by the Federal Reserve and weighed on the appeal of gold prices. ⭐️Set gold price: 🔥Sell gold area: 3348-3350 SL 3355 TP1: $3340 TP2: $3330 TP3: $3320 🔥Buy gold area: $3281-$3279 SL $3274 TP1: $3292 TP2: $3300 TP3: $3315
OANDA:XAUUSDShort
by Labaron
1
XAUUSD - Trader's psychology - Hesitation⭐The Setup Was Perfect, and You... You did everything right. Marked the zone. Waited for price. Saw the reaction. But you didn’t take the trade — or you hesitated, entered late, and missed the real move. Sound familiar? This article isn’t about strategy. It’s about what happens between your plan and your execution — and why even the most perfect setups won’t save you if you’re not mentally ready to pull the trigger. 🚨 Why Hesitation Happens Most traders don’t miss trades because the setup wasn’t unclear. They miss because of inner conflict. ❗ They doubt their read ❗ They chase confirmation ❗ They fear being wrong ❗ They overanalyze instead of executing The irony? The more they learn, the worse it gets — because more information means more pressure to be right. 🔁 Here’s how it usually looks: You watch price approach your zone. It taps in — but instead of entering, you stare, waiting for a candlestick pattern or a feeling of “certainty.” By the time you move, the market already made the move. Now you’re chasing, or watching in frustration. It’s not your setup that failed. It’s your ability to act in the moment. 🧩 The Identity Problem You don’t trade what you see. YOU TRADE WHAT YOU BELIEVE ABOUT YOURSELF. (Read this again and again!) A trader who doesn’t truly believe they deserve to win will sabotage themselves in the most subtle ways: They’ll wait too long Or enter too early Or close too fast Or move the SL to feel “safe” Not because the chart said so — but because their inner narrative said: “You’re probably wrong. You mess it up too much. Play it safe.” If you act like a spectator, you’ll always miss like one. The market doesn’t reward analysts. It rewards conviction. 🔁 The Real Pattern: Overthinking > Hesitating > Missing > Frustration > Revenge It’s a loop. And it starts with not trusting your process. Once you hesitate, everything spirals: You miss the clean entry You enter late and take a worse R:R You get stopped out or close early You enter another trade out of revenge You lose again — and blame the setup But the setup wasn’t the problem. You weren’t ready. 🔨 Fixing the Execution Gap How do you stop hesitating? Not with journaling. Not with meditating. Not with fluff. You stop by building clarity — fast. ✅ Before the session, take a few minutes. Ask yourself: What setup am I waiting for? What would cancel it? Say it out loud. That’s it. ✅ When price enters the zone, say: “This is it. Let’s go.” No overthinking. No pause. No doubt. Imagine this: you’re watching Gold hit a reaction zone you’ve marked all morning. Instead of watching five indicators, you’ve already made the decision. Price touches → you execute. Done. ✅ After the trade, ask just one question: Did I do what I said I’d do? If yes, you won. Even if it lost. 🎯 Train the Moment Want to build real confidence? Start training the execution moment — not just the strategy. Here’s how: Visualize 2 types if entry before each trade. “If price hits this zone and does X, I enter. If not, I don’t.” 🧠 Rehearse mentally. Visualize the actual mouse click. Imagine price entering your zone and you acting decisively. 👁 Review only one thing each day: Did I trust the zone and act — or did I hesitate again? Execution is a skill. It gets sharper the more you drill it — before the trade is live. 💬 Final Thoughts You already know the zones. You already understand structure. You just need more courage. 🎯 Learn to enter with intention. 🧠 Learn to trust the plan you built. And start becoming the trader you keep pretending you already are. If this lesson helped you today and brought you more clarity: Drop a 🚀 and follow us✅ for more published ideas.
FOREXCOM:XAUUSD
by GoldMindsFX
As predicted, gold continued to fall to the support zoneWorld gold price today World gold price today increased slightly, with the spot gold price listed on Kitco around 3,317.85 USD/ounce, up 6.18 USD/ounce compared to early this morning. The last traded gold futures price was 3,338.2 USD/ounce, down 8.4 USD/ounce compared to early this morning. World gold price experienced a volatile week when it continuously fluctuated within the range of 3,300 to 3,400 USD/ounce. But after all the fierce fluctuations, this precious metal returned to near the starting point at the end of the week, reflecting the indecision and waiting mentality of investors before the economic and geopolitical signals that have not yet been resolved. Pay attention to the points I noted on the analysis. Best regards, StarrOne !!!
OANDA:XAUUSDShort
by StarrOne
1
I am waiting for SELL here with wave 5 catching strategy In the Kitco survey, Wall Street analysts were divided on the direction of gold prices this week. Fifty percent of experts expect prices to rise, 43 percent expect prices to fall, and 7 percent believe gold will move sideways. This reflects a generally cautious sentiment as there is no clear factor to promote a new trend. Some experts still lean towards the uptrend as gold holds important support levels and remains a safe haven amid geopolitical uncertainty. Others predict a correction in gold prices due to positive signals from the White House about the possibility of reaching trade agreements and the recovery of US stocks. In addition, there are also neutral opinions that gold is unlikely to continue to rise sharply without further momentum, especially when stock indexes are more attractive to investors. James Stanley, senior strategist at Forex.com, remains optimistic, saying that gold is making a technical correction to continue the larger trend. He believes that the $3,300 and $3,280 zones will be important boundaries to watch. What do you think about this strategy? Best regards, StarrOne !!!
OANDA:XAUUSDShort
by StarrOne
1
GOLD (XAU/USD) Daily Chart Analysis – Potential Bearish Impulse In this chart, I’ve mapped a potential Elliott Wave structure, currently unfolding within a corrective descending channel. Price action appears to have completed waves (1) through (4), with wave (5) in progress or imminent. If the structure holds, we may expect further downside pressure in the coming weeks. Key insights: Wave (4) has tested the upper boundary of the channel and failed to break out, suggesting a continuation of the bearish trend. The projected path for wave (5) is marked, indicating potential downside targets. Fair Value Gaps (FVG) along the chart align with prior liquidity zones and may serve as magnet levels for price retracement. Support Zones: I’ve highlighted two key support levels between $2,700 – $2,600 and $2,450 – $2,350, where buyers may step in if price reaches those levels. RSI currently shows weakening momentum near the midline, suggesting no immediate bullish divergence to reverse the trend. While the overall long-term trend remains bullish, this chart suggests a short- to medium-term correction is unfolding, offering potential opportunities for swing shorts or re-entries at lower support zones.
TVC:GOLDShort
by ajmalanwar
The decline is not complete, beware of the low point.Last Friday, the US dollar index rose and recovered the 99 mark as the non-farm data exceeded expectations and weakened the Fed's hope of cutting interest rates this year. Spot gold continued to fall after the release of non-farm data, breaking through the 3345 and 3330 levels. Market analysis: First look at the 4-hour chart of gold: It broke through the 3300 mark in the early Asian session on Monday and is currently maintained near 3310. However, from the current point of view, the decline of gold has not been completed. From the trend point of view, gold must at least test the position near 3280 and 3250 before there will be a relative chance of rebound. Once it falls below 3250, gold may not have a chance to rebound, and it will officially enter a bearish trend, and it will be greeted by a bearish trend at the daily level. From the hourly chart, if it cannot stabilize above 3310, then gold is likely to fall, and see whether it will break through 3280 or 3250. On the contrary, if it stabilizes above 3310, it may hit the early high near 3320 again. However, as long as it cannot stabilize above 3325, gold will still fall. Now you should pay attention to where to short gold. Operation strategy: If the price cannot stabilize above 3310, you can short near 3310. If it stabilizes above 3310, you can wait for short near 3320.
OANDA:XAUUSDShort
by Quaid-1