Bearish and falling, the trend of gold is under your controlThe trend of the gold market is just as we expected, fluctuating around 2920. We decisively arranged a short position in gold and have already made considerable profits. The market is bearish, and all signs indicate that the price of gold is expected to further drop to around 2895. We will pay close attention to market dynamics and grasp the subsequent market in time.
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Goldprice
Go short first and then go longAnalysis of the latest trend of gold market:
Analysis of gold news: On Tuesday (March 11), spot gold rebounded slightly in the European session and is currently trading around $2909.09/oz. Overnight, the price of gold fell by 0.79%, falling below the $2900 mark. During the session, it once refreshed a low of nearly a week to $2880.19/oz. Zelensky visited Saudi Arabia, and the United States was optimistic about the talks between U.S. and Ukrainian officials. The market's concerns about the geopolitical situation have cooled down; in addition, the market value of the U.S. stock market evaporated by $4 trillion, increasing investors' demand for holding currency, further promoting gold bulls to take profits. This trading day focuses on the vacancies of the U.S. JOLTs in January. In addition, U.S. and Ukrainian officials held talks in Saudi Arabia
Technical analysis of gold:
Gold rebounded after testing the support area near 2880 yesterday, and is currently touching around 2910. Gold looks relatively strong. However, gold has not been able to break through the 2920-2930 area for a long time recently. This area has formed an absolute suppression in the short term. In the process of testing support, gold has fallen below 2900 and even 2890 many times. It can be seen that the support below is not solid, and after repeated testing and breaking, the strength of the support below is gradually weakening.
Therefore, after gold rebounds to the 2910-2920 area, the rebound strength may weaken again, and after facing the previous short-term resistance, gold may fall again. Therefore, in short-term trading, we can still short gold in the 2910-2920 area. It is expected that gold will retest 2900-2980. If gold falls below this area during the test, it may even reach the 2870-2860 area.
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Gold is expected to break out of the current rangeThe daily chart shows that the international gold price has fallen into a high-level shock consolidation trend after rebounding from a one-month low. The current price is repeatedly sawing in the 2900-2930 range, and the market's long and short forces tend to be balanced. Technical indicators show subtle differentiation: the 5-day moving average and the 10-day moving average form a dead cross and then turn upward, suggesting that there are signs of stabilization in the short term; the momentum of the MACD indicator candle chart continues to shrink, but the dead cross rhythm has slowed down; the KDJ indicator forms a low-level golden cross, and the RSI indicator rebounds from the oversold area, indicating that market sentiment is turning from pessimism to cautious optimism. However, the upper 2930 area gathers multiple pressures-this position is both the rebound high last Friday and the key resistance level of the previous failed breakthrough, suppressing the further upward space of gold prices.
In terms of fundamentals, the US non-farm payrolls data in February was unexpectedly lower than expected, reinforcing the market's expectations for the Fed to cut interest rates this year. Historical experience shows that interest rate cut cycles are often beneficial to interest-free assets such as gold, which provides medium- and long-term support for gold prices. But in the short term, the market still needs to wait for more economic data to verify the Fed's policy stance. During this period, gold prices are more susceptible to fluctuations in the US dollar index and changes in US bond yields.
Focus on the key support level of 2900 above $2930 as the primary pressure target. If US economic data continues to weaken, gold prices are expected to break through the current range of fluctuations and retest last year's highs. Operational advice: Go long near 2905-2910, target 2915-2920.
Gold (XAU/USD) Bearish Setuphello guys.
Let's analyze gold!
Broken Trendline : The chart shows a previously strong uptrend that has been broken, signaling a potential shift in market structure. The price failed to sustain itself above the trendline, leading to a retracement.
Key Resistance and Potential Breakdown: The price is currently hovering around the $2,903 level. There’s a highlighted support/resistance zone just below this level. The annotation suggests that if this area is broken to the downside, a short trade opportunity arises.
Bearish Structure Formation : The price has made lower highs after the initial breakdown of the trendline, indicating weakening bullish momentum. The expectation is that if the price breaks the immediate support, it could continue downward.
Target Zone: The projected move suggests a drop toward the next major support zone around $2,820–$2,800, where buyers might step in.
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Trading Plan Consideration
Short Entry: If the price breaks below the marked zone (around $2,880), confirming bearish momentum.
Stop-Loss: A safe stop would be above the recent highs near $2,920–$2,930.
Take Profit: Around the $2,820 zone, where the next major support lies.
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Conclusion
Gold’s price action suggests a bearish setup if support breaks. Traders should watch for confirmation before entering short positions. However, if the support holds, a bullish rebound could still be possible.
3.11 Gold’s short-term signal resistance levels are mixedSpot gold rebounded slightly in the Asian session on Tuesday (March 11) and is currently trading around $2,896.52 per ounce.
The technical signals of spot gold are a bit mixed. It has successfully stabilized near the support level of $2,879 per ounce and started to rebound. The focus on the resistance near 2,915 is on the top.
Between March 4 and March 7, a temporary top was formed in the range of $2,894 to $2,927. This indicates that the target is $2,861. However, after a brief confirmation, the top became invalid as the price of gold climbed above the neckline of the pattern at $2,894.
The rebound increases the possibility of resuming the upward trend from $2,832. A breakthrough of $2,909 will be seen as a strong signal to resume the upward trend.
Before the price of gold climbs above $2,915, the price of gold may still be biased to the downside, as the current rebound may just be a correction to the top, and the correction is a bit excessive.
On the daily chart, gold is also neutral in the range of $2891 to $2934, similar to the situation on the hourly chart.
When gold moves out of the range, the signal will become clearer. The wave pattern suggests that the market may experience a small decline first, followed by a strong rebound.
Gold (XAU/USD) 2H Analysis – Bearish Breakout Towards SupportThis is a technical analysis chart for Gold CFDs (XAU/USD) on a 2-hour timeframe from TradingView.
Key Observations:
Price Action & Structure:
The price is currently trading at $2,908.660.
It has recently broken below a consolidation zone (marked by the red rectangle).
The market is forming a bearish structure, suggesting potential further downside.
Support & Resistance Levels:
Resistance: Around $2,920.264, marked by the red zone.
Support: Around $2,886.513 - $2,880.449, marked by the green zone.
Indicators & Volume:
The VStop (Volatility Stop) is around $2,886.513, which aligns with a key support zone.
Volume is at 66.02K, suggesting moderate trading activity.
Trade Setup & Prediction:
Bearish Bias: The price is expected to continue dropping toward the $2,886.513 - $2,880.449 support range.
Potential Entry: A short trade could be taken around the current price, targeting the $2,880 level.
Stop Loss: Above $2,920 to manage risk.
Conclusion:
The market shows bearish momentum with a potential short trade opportunity targeting the $2,880 zone.
If the price fails to break below $2,886, a reversal or consolidation may occur.
Market profits and losses fluctuate, and profits finally landHowever, with accurate judgment and reasonable decision-making, I closed the existing long positions in time to lock in profits when I arrived at the area. In the end, the overall result was still satisfactory profit. It was a victory in grasping the trend. Friends who followed me to do long positions in the 2880-2910 area many times, although they did not achieve the expected results, were still profitable overall. I earned more than 16k in this long position, which is a good trading result. It has been proven to be effective. Others are still waiting and watching, and I directly hit hard and did long gold many times. What if the market did not go completely according to the script? Relying on my years of market analysis and bold operations, I still made a lot of money, and my strength crushed the doubts! For trading strategies for subsequent markets, you can read my previous article. I hope to help everyone and provide you with a clear direction.
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
The medium- and long-term bullish trend of gold remains unchangeThe daily chart shows that the non-farm payroll data that was lower than expected has strengthened the market's expectation that the Fed will slow down the pace of interest rate hikes, pushing the gold price to form a staged bottom support. The current short-term moving averages (such as the 5-day and 10-day moving averages) tend to stick together and fail to effectively guide the direction, while the MACD indicator has entered a correction cycle, and it may be difficult to quickly expand the gains in the short term. In terms of operation strategy, it is recommended to adopt the idea of "pullback and long". If the gold price falls back to the 2890-2885 range, long orders can be arranged, and the target is above 2920. It should be noted that if the previous high point is not effectively broken through, it may trigger the risk of a second bottoming out. If the target area reaches the 2903-2905 area, we can close the existing long positions first and lock in profits in time. On the whole, although there is a certain adjustment pressure on the short-term technical side, the medium- and long-term bullish trend has not changed fundamentally. Geopolitical risks and expectations of a shift in the Fed's policy still provide solid support for gold prices.
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
Gold Analysis March 10⭐️Fundamental analysis
The main reason for this weakness is the US dollar (USD) recovering slightly after hitting its lowest level since November. The USD's recovery was due to the market's reaction to the weaker-than-expected US jobs report, creating some pressure on the precious metal.
However, growing expectations that the US Federal Reserve (Fed) will conduct more interest rate cuts this year have pushed US Treasury yields lower. This could limit the USD's upside momentum, thereby helping gold prices avoid a deep correction.
In addition, concerns about the negative economic impact of former US President Donald Trump's trade tariff policies have also contributed to strengthening gold's safe-haven role. Therefore, investors may be more cautious before making a strong trading decision following the downtrend
⭐️Technical analysis
Gold price at the beginning of the week traded sideways in the range of 2899 and 2929, with the fluctuations at the beginning of the week, it is quite difficult for gold to break through this price range. If there is a break from the lower range, gold will find the next strong support zone of 2882. In the immediate future, pay attention to buying around 2899 when there are signs that the candle has not closed above this range. When breaking 2899, just wait to sell today
Gold is still expected to hit the 3,000 markFrom the analysis of gold trend, we focus on the 2880-2870 first-line support below and the 2930-35 first-line suppression above. In terms of operation, we still focus on stepping back and doing long. In the short term, we can continue to do long around this range. Once a breakout of 2930-2935 occurs, gold will inevitably touch the previous high, or even reach 3000.
The fluctuations in the gold market are like a long journey. It has not yet reached its peak, but please believe that every hibernation is for a more powerful take-off. Patiently hold, the harvest often belongs to those who can keep calm, hold on, and victory is ahead.
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
Gold forecast - long term Weekly - XAU/USD (Gold vs. US Dollar)
As shown, note the following:-
1. Price Action and Candlestick Patterns:
• The price has been in a strong upward trend but is showing signs of a pullback near a key resistance level.
• Consecutive red candles indicate a potential start of a price correction.
• The price is approaching a key resistance at 2989.813, with initial support at 2790.100 and stronger support at 2583.900.
2. Harmonic Pattern (Butterfly):
• A reversal harmonic pattern is visible on the chart, signaling a potential downward correction after a strong bullish move.
• The completion of this pattern increases the likelihood of a pullback toward the support levels mentioned.
3. Volume Indicator:
• There’s a noticeable decrease in trading volume despite the continued upward movement, reflecting weakening bullish momentum.
• A negative divergence between price and volume suggests a potential upcoming correction.
4. Relative Strength Index (RSI):
• The RSI reached overbought levels (above 70) and has started to decline, indicating possible profit-taking and a correction phase.
• A negative divergence between the price and the RSI supports the probability of a downward move.
As Future Outlook:
🔴 Bearish Scenario (Most Likely):
• A break below 2790.100 could open the way for a drop toward 2726.300 and then to 2583.900.
• Monitoring volume and RSI behavior is crucial to confirm continued downside movement.
🟢 Bullish Scenario (In Case of Breakout):
• A bullish Harami candle is clearly shown as breakout and weekly close above 2989.813 could push the price higher toward the 3100.000 level.
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SMC Trading Signals Update 🗾🗺️ Gold Traders SMC-Trading Point update you on New technical analysis setup for Gold 🪙 Gold Traders Gold 3 time frame 🖼️ looking FVG rejected point below 👇 2929+ 29209. Technical patterns). Weekly basis setup. )
Key Resistance level 2929 + 2957
Key Support level 2891 - 2848
2832
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Key Resistance level 2897 + 2906
Key Support level 2868- 2859
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3.11 Analysis of gold short-term operation suggestionsOn Monday (March 10), the latest spot gold (XAU/USD) was quoted at $2915.01, up 0.10% on the day. In the Asian session, the gold price remained in a narrow range around $2914, but since 15:25 Beijing time, gold has fluctuated downward from $2915.39, reaching a low of $2896.73.
Fundamental analysis: The Fed's interest rate meeting is approaching, and the market is cautiously watching
At present, the gold market has entered a sideways consolidation phase, and investors are evaluating multiple factors, including the Fed's upcoming policy meeting on March 19 and the latest economic statements of US President Trump. In an interview with the media, Trump said that the US economy is in a "transition" stage, and the market has generally believed that the US economy is at risk of recession.
Market sentiment and capital flows: Short-term funds are cautious, and gold is still supported
Technical analysis: Long and short divergences are increasing, key support and resistance levels
From a technical perspective, the gold price is currently consolidating around $2890. The key resistance above is the intraday high of $2918.19, followed by the intraday R1 resistance of $2927 and the R2 resistance of $2945. If the gold price breaks through $2945, the market may challenge the historical high of $2956 set on February 24.
In terms of support below, the $2900 integer mark and the S1 support level of $2893 constitute double support. If it falls below this area, the gold price may test the S2 support level of $2878. Technical analysts believe that if Trump does not release additional tariff policy signals in the near future, market sentiment may gradually stabilize, and gold may pull back to the support range in the short term to accumulate power for subsequent gains.
Conclusion: Short-term consolidation, pay attention to the dynamics of the Federal Reserve
Overall, gold is currently maintaining a range of fluctuations, and the short-term trend is subject to the expectations of the Federal Reserve meeting and the uncertainty of the US economic outlook. Investors need to focus on the interest rate meeting on March 19 and the impact of the remarks of Federal Reserve officials on market sentiment in the coming weeks. In the current context, the market still tends to look for buying opportunities in pullbacks. If the gold price remains above $2,893, the bulls will still have a certain advantage.
Gold bullish trend signalFrom the 1-hour chart: Daylight saving time will be implemented today, and the US market will open one hour earlier; the current Asian and European sessions are still in a fierce sweep, falling sharply to the 2895 line, and then rebounding to 2915, at which time it began to decline again; for the consolidation with poor continuity, it is better to wait patiently for a relatively low or relatively high level to grasp the ups and downs. Everyone knows the operating range in the past few days, which is 2890-2930, and wait for stability; if it can continue to stabilize in the 2895-2890 area tonight, then continue to be bullish on dips; if it is still under pressure below 2930, then participate in bearish declines on rallies; another point, because it is a sweep and consolidation, it may pierce the key support, such as piercing 2895 or 2890 and then pulling back, and because the overall trend remains upward, breaking through 2930 is generally not likely to pierce, but directly continue to rush; on the whole, today's short-term operation strategy for gold is mainly to do more on pullbacks. The short-term focus on the upper side is the 2928-2930 resistance line, and the short-term focus on the lower side is the 2890-2894 support line. Go long in batches near 2895-2898, with the target near 2915-2920.
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
Gold (XAU/USD) 30-Minute Chart Analysis – Bearish Breakdown & ShThis chart represents the Gold Spot (XAU/USD) price action on a 30-minute timeframe.
Key Observations:
Support and Resistance Levels:
The chart has clearly marked resistance around $2,930 and support near $2,885-$2,890.
A breakout attempt above the resistance failed, leading to a strong rejection.
Market Structure:
The price has been in a sideways range before breaking down from the resistance zone.
A lower high and lower low formation indicate a potential bearish trend.
Trade Setup:
Short Position:
Entry: Around $2,898.48 (current price).
Stop-Loss: Around $2,906.35 (marked in red).
Take-Profit: Around $2,884.31 (marked in green).
This setup suggests a risk-reward ratio favoring the downside move.
Volume Analysis:
A spike in selling volume supports the bearish momentum.
The lack of strong bullish volume confirms a weaker buying presence.
Conclusion:
Bearish bias with a potential price target of $2,884.31.
If the price fails to hold below $2,898, a retest of the resistance zone may occur.
Traders should watch for confirmation signals before entering trades.
3.11When will gold break out of its range?Will gold continue to adjust downward after the wash, or will it break upward after this period of consolidation?
1: Trump announced on the 7th that Russia launched a fierce attack on Ukraine. In order to encourage the two sides to sit down at the negotiating table for friendly negotiations, sanctions and tariffs will be imposed on Russia, including banks, until both sides are willing to stop the exchange of fire. This has increased the uncertainty of geopolitical risks, which will be a boost for gold.
2: Fed Chairman Powell reiterated at a press conference on Friday that the current US economic performance is relatively ideal, and the Fed does not intend to rush to cut interest rates next. As we all know, interest rate cuts will stimulate gold to rise, and slowing down the pace of interest rate cuts will form resistance for gold.
Since gold entered the adjustment on February 11, the repeated high-level roller coaster shock wash has been brewing for a month, and it is time to end. The gold price has repeatedly fluctuated around $2,900, and even the non-agricultural data failed to break the support of $2,890 and the pressure of $2,930.
As for gold, the focus is still on $2890 as the support point. As long as it is not lost here, it is still mainly based on reaching the bottom of the box. For players of physical gold, it is not recommended to repeatedly get on and off the gold when the funds are idle. It seems smart but will eventually miss it perfectly.
Trading strategy:
You can consider getting on the train within the range of 2900-2895, and defend below 2880 US dollars. The focus above is on the breakthrough of the 2920-30 pressure area.
Seize the opportunity to go long on goldTechnical indicators send strong signals, and the gold rising channel has been opened. At this moment, you should decisively go long and follow the trend, so that your wealth can ride on this wave of gold bull market and soar all the way.
You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
RSI is oversold, suggesting a bottom-picking signalAlthough the unexpected cold non-farm data last Friday failed to push gold prices above the key resistance of $2,930, the logic of gold's rise has not been shaken - the five core supporting factors of global central banks' increased holdings, continued inflows of ETFs, surge in demand for physical gold, deepening of the U.S. debt crisis and excessive money supply are constantly consolidating the long-term bull market foundation of gold. From a technical perspective, the daily MACD maintains a golden cross and the energy column expands. The weekly big positive line has established a medium-term upward trend. 2,990 is only the first target, and 3,000 or even higher may become the new normal.
The short-term market is in a volatile adjustment, but this is a necessary accumulation stage for a healthy rise. The current gold price is repeatedly pulling back in the range of 2,918-2,890, which is essentially a process of digesting previous profit-taking and waiting for new catalytic events. If it can effectively stand firm at the key support of $2,890, it is expected to restart the upward trend and challenge the historical high. It is worth noting that against the backdrop of the continued rise in expectations of the Fed's interest rate cuts, the spillover of geopolitical conflict risks and high global inflation, the dual attributes of gold's "anti-inflation + safe-haven" will continue to attract capital inflows. The general trend is still mainly to go long after falling back to lows.
Gold strategy suggestion: continue to go long after falling back to around 2900-2910.
Seize the opportunity to go long on goldFrom the trend point of view. Comparing the long and short positions, the long position is still slightly stronger. At present, the gold price fluctuates in a narrow range around 2905. There is no major news to boost or suppress the gold price in the short term. From the trend point of view, it is obvious that the rebound of gold is not enough to support the rebound and continuation of the breakthrough of gold. Therefore, after consuming a certain amount of short-selling power, the bulls will regain control of the situation, and there will be very good trading opportunities for long gold. Now we are long gold around 2905-2910. The target is 2915-2920 area, wish us good luck! Brothers, are you following me to go long on gold?