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Gold plunges, what will be the trend next week?From the daily chart: Since the last round of breaking the triangle convergence oscillation and breaking the trend line, gold has surged to 3400, but the upward momentum is insufficient and it has retreated. The low point of the retreat on Friday happened to be the support level of the previous triangle convergence trend line near 3300. If it falls below, the price will return to the triangle convergence oscillation range, and the gold price may fall further; From the perspective of gold 1 hour, the MA5-day and 10-day moving averages have formed a dead cross downward, so gold still has downward momentum. After the gold 1-hour high box oscillation, gold finally broke through the box downward, indicating that the gold shorts are better, so the bottom of the gold box has now formed resistance, and the gold short-term resistance to gold has been formed near 3335. If gold is 3335 at the beginning of next week, then gold can continue to be short. Next week's operation strategy is still around the 3285-3335 range.
OANDA:XAUUSD
by Quaid-1
1
XAUUSD Bearish Setup! OB Rejection + FVG + 61.8% Fib PremiumGold (XAUUSD) | 4H Chart – High-Probability Bearish Setup XAUUSD is setting up for a bearish move as price taps into a premium zone confluence, including an Order Block (OB), Fair Value Gap (FVG), and a 61.8% Fibonacci retracement. Smart Money Concepts (SMC) traders will recognize this setup as a textbook scenario for a bearish continuation toward a Weak Low target. 🔍 SMC Breakdown: Market Structure: The market has shifted bearish after breaking the previous low and forming a lower high. The internal structure confirms bearish order flow, giving us confidence in continuation to the downside. Liquidity & Inefficiency Play: Recent sweep of buy-side liquidity above minor highs. Rejection at premium pricing indicates Smart Money has triggered sell programs. Internal liquidity pools were engineered and swept, confirming manipulation. Entry Confluence Zone (Kill Zone): 🔴 Order Block (OB): 3,372 – 3,380 — bearish OB formed before strong impulse move. 🟣 Fair Value Gap (FVG): Perfect overlap with the OB, leaving a gap that price has now rebalanced into. 📐 Fibonacci Levels from Swing Low to High: 61.8% = 3,373 70.5% = 3,377 79% = 3,380 This entire zone aligns with institutional premium pricing — the high-probability reversal range. 📉 Bearish Projection: Expecting price to reject from OB/FVG zone and move toward the discount zone, targeting unmitigated lows and imbalance fills. Key Downside Targets: 50% = 3,368 Full Extension = 3,333 (Aligned with Weak Low) This level also sits near the 0.00% Fib level — a clean liquidity magnet. 🧠 Chart Ninja Entry Plan: 🔹 Entry: 3,373 – 3,380 (OB + FVG + Fib Premium) 🔻 Stop Loss: Above 3,381 (invalidate OB) 📉 Take Profit: 3,333 (Weak Low + Fib Completion) ⚖ RRR: ~1:4+ — high-confluence sniper setup 💬 Ninja Wisdom: You're not trading random candles — you're trading intentional liquidity shifts. This setup screams Smart Money footprint: OB rejection + inefficiency fill + premium pricing. Be the sniper — not the trigger-happy retail trader. 🥷🎯 📍 Save this setup before it plays out — backtest and learn from it! 🔁 Drop your analysis below – agree or see it differently? 👣 Follow @ChartNinjas88 for daily institutional-grade setups on Gold & more!
OANDA:XAUUSDShort
by ChartNinjas88
In the new week, is gold brewing a new market?Information summary: This week, the market continued to be affected by Trump's tariff policy and the progress of negotiations. On Thursday, the phone call between the Chinese and US heads of state boosted market sentiment. In the early stage, the precious metals market ushered in a collective rise, and the prices of silver and gold performed strongly. Silver rose to a 13-year high on Thursday, breaking through $36 for the first time since February 2012. After gold hit the $3,400 mark during trading on Thursday, the US dollar rose as friendly talks between China and the United States stimulated the rise of the US dollar; gold fell rapidly and gave up all the gains during the day. On Friday, the US stock market closed at its highest level since February due to the boost of non-agricultural data. Gold continued its retreat trend again, closing at around 3,310 as of Friday. Market analysis: From the trend of the US dollar, there is already an opportunity to bottom out, and the trend at the beginning of the week is critical. Once the US dollar stands above 99.5 at the beginning of the week, it will continue to touch the 100.0--100.2 mark. If it stabilizes above this position, gold will most likely fall below 3300 next week. First, from the weekly chart: The current moving average support below the weekly line is almost at 3250-3260. If it can hold here, gold may continue to maintain consolidation and wait for an opportunity to choose a new trend. However, if it falls below 3250, it can fall to the 3200 mark. If 3200 falls below again, it will be the low point of 3100. It can also be seen from the daily chart that the important position of gold is at 3318-3280. If it stands above 3318, gold is in a bullish upward trend. If it falls below 3280, gold will enter a bearish trend. At present, gold has closed below 3318, so from the daily line, the next target is around 3280. If 3280 falls below again, then as the weekly analysis shows, it will test 3250-3260. However, judging from the daily chart, I think the market will not go down too easily. Therefore, I guess that gold may follow the head and shoulders top structure of the daily chart next week. It may fall to 3250-3260 at the beginning of the week to lure short sellers into the market, and then stretch and rebound to around 3350 to form a shoulder position. Finally, it will directly dive down to around 3150. The Asian market is about to open, and I hope my analysis can help everyone make some profits in the market. A new week is about to begin, and I wish you all good luck.
OANDA:XAUUSDShort
by Quaid-1
Gold will still fall below 3,300 next week! 📣World Situation: Gold prices fell for the second consecutive trading day on Friday, but are still expected to close with a gain of more than 1.30% as traders readjusted expectations for Fed policy easing after a stronger-than-expected US non-farm payrolls report. At the time of writing, XAU/USD was trading at $3,322, down 0.84% ​​on a daily basis. The US Bureau of Labor Statistics (BLS) reported that the labor market continued to show resilience, with the unemployment rate remaining stable from April. Meanwhile, Wall Street rebounded modestly from Thursday's losses despite increased political tensions between President Donald Trump and Tesla CEO Elon Musk after the House of Representatives approved a bill to raise the US debt ceiling. Next Wednesday: ① Data: API crude oil inventory in the United States for the week ending June 6, US May unadjusted CPI annual rate, May seasonally adjusted CPI monthly rate, May seasonally adjusted core CPI monthly rate, May unadjusted core CPI annual rate, pay attention to real-time data changes. Geopolitical risks and trade tensions have eased, and the call between Chinese and American leaders has released a signal of easing. Trump said that the trade negotiations have reached a "positive conclusion", weakening the attractiveness of gold as a safe-haven asset. 🔥 Technical side: Based on the resistance and support levels of gold prices on the 4-hour chart, NOVA sorted out the important key areas as follows: Resistance: $3347, $3400 Support: $3252, $3202
OANDA:XAUUSDShort
by Labaron
Gold falls below key support, short-term bearish approachAt present, the hourly level has fallen below the key support level of 3330, which is effectively broken as the short-term long-short watershed, which means that the market is weak and volatile in the short term. However, it does not constitute a short trend for the time being. The short-term trend in the future may still fluctuate downward, but there is no basis for a deep decline. Short-term short orders can be participated in, but the general direction remains bullish. This week is coming to an end. If there are still operation plans, you can wait for a small rebound and then participate in a wave of short-term short operations. The target is controlled at 10-30 points. Enter and exit quickly, and don't be greedy. Looking ahead to next week, it is expected that the market will fluctuate around 3,300 and then bottom out and then resume its upward trend. The thinking will continue to be mainly "short-term short and long-term long". The current gold 1-hour moving average system has begun to turn downward. If a dead cross structure is further formed in the future, the downward space will be opened. After gold fell under pressure from a high level yesterday, it continued to be weak today. Combined with the bearish non-agricultural data, there is a lack of support for risk aversion. There is still room for short-term downward movement, and the overall rebound is still the main focus. Operation suggestions: Aggressive investors may consider shorting in the 3333-3335 range; Conservative investors may wait for a rebound to the 3345-3350 area and enter the short position at an appropriate time. The target is 10-30 points. It is not recommended to hold more than the target.
OANDA:XAUUSDShort
by TP_Daniel5
With bulls and bears in a stalemate, where will gold go?Gold fell under pressure around 3384 in the early trading on Thursday, and then rebounded after falling to 3361. The highest in the European session reached around 3403, and then fell back due to resistance. The US session accelerated its decline, reaching a minimum of 3339, and then rebounded in the late trading, closing in the negative on the daily line. The daily trend continued to fluctuate in a positive and negative cycle. On Thursday, it rose and fell, closed in the negative and fell below the 5-day moving average. Today, we will focus on the resistance position of 3405. Whether it can break through will determine the strength of the bulls in the future market. The risk of continuous negative daily lines cannot be ruled out. The support below is the key points of 3330 and 3300. The 4-hour fluctuation range is locked at 3385-3335. The fluctuation space in the Asian and European sessions is limited. It is recommended to sell high and buy low. For stable trading, it is recommended to go long in the 3340-3350 area. The overall bullish trend has not changed, and the impact of non-agricultural data is limited. It is expected that gold will most likely rise and fall. Remember not to chase the rise and sell the fall, and wait patiently for opportunities. Steady trading, precise attack!
OANDA:XAUUSDLong
by TP_Daniel5
2
Before the non-agricultural data, gold is waiting for the trendToday, the market will focus on the US non-agricultural employment data. The market expects that 130,000 new jobs will be added and the unemployment rate will remain unchanged at 4.2%. If the non-agricultural data is far worse than expected, it may continue to hit the US dollar and stimulate a sharp rise in gold prices. On the contrary, if it is higher than expected, it may also cause the US dollar to rebound, and gold will continue to maintain the possibility of low consolidation. Yesterday, the US stock market collapsed across the board due to the debate between Trump and Musk. Therefore, I am worried that Trump will continue to make remarks to boost the US stock market today. Once the US stock market rebounds again, gold may continue to fall, or remain at a low level for consolidation. From the 4-hour chart, it can be seen that gold has been rising along the 4-hour trend line. However, from the current chart, gold has not yet stepped back. Therefore, it is not ruled out that gold will continue to step back to 3330-3340 and then choose a direction again. 3330-3340 is a critical position. Once it falls below 3330 again, it is very likely to directly touch 3300. On the contrary, if it stabilizes at 3330-3340 again, then gold will definitely stabilize above 3400 if it goes up again. Secondly, from the perspective of the US dollar: The bottom divergence structure appears here in the 4-hour chart. Therefore, once the divergence of the US dollar takes shape, it will also cause gold to return to a low level again. Therefore, be careful when going long on gold today. The position where you can go long today is in the range of 3330-3340. Secondly, if gold falls below 3330 today, it will test around 3300, so another long position for gold is around 3300. On the contrary, if it falls below 3300, there will be no chance to go long on gold, and the subsequent decline may accelerate.
OANDA:XAUUSD
by Quaid-1
Non-agricultural data is coming. Disrupt the market?Market analysis: The market once again staged a long-short trend yesterday. Due to the intensification of geopolitical risks, gold has been advancing all the way. Because of the easing of Sino-US trade relations, prices have fallen sharply. From the current market point of view, non-agricultural data is the key today. After a sharp drop in the early morning, it fluctuated sideways and maintained a small rebound. According to the ADP data on Wednesday, there is a high probability that the data will be bullish today. The support in the early trading will focus on around 3345. Under the condition that the upward trend remains unchanged, the current market prompts a risk of retracement, but it will not prompt shorts to enter the market; before the non-agricultural data, it is still a low-multiple idea. Non-agricultural data analysis: Non-agricultural, recently affected by tariff conflicts, employment is very bad, especially Wednesday's ADP data, which is far below expectations, and this month's non-agricultural is expected to be 130,000. Although the expectation is lower than 177,000 last month, this number is still relatively high compared to ADP. If the data released is higher than 177,000, it will be bearish for gold, but in terms of tariffs and ADP, this possibility is extremely small. The data is higher than 130,000 and lower than 177,000, which is also likely to be bearish for gold. If it is lower than 130,000, gold may take this opportunity to rise sharply. I think according to Wednesday's ADP, today's non-agricultural data is likely to be lower than 130,000, and the market will rise. Positions to pay attention to today: First support level: 3345, second support level: 3330, third support level: 3300 First resistance level: 3375, second resistance level: 3390, third resistance level: 3410 Operation strategy: Aggressive trading-currently long at 3370, after the release of non-agricultural data, the gold price is likely to rise above 3400 points, which is also our profit range. Steady trading-long at around 3350, the profit range is still at 3400 points after the release of non-agricultural data.
OANDA:XAUUSDLong
by Quaid-1
Non-farm data is expected to help gold recover from its decline! Gold prices rose sharply in the Asian and European sessions yesterday, and fell in the US session. The roller coaster-like trend at the end of the day gave up all the gains during the day, falling below the 3350 mark and touching the 3339 line. The daily pattern showed a trend of first rising sharply and then falling sharply. The technical daily chart has been alternating between positive and negative for four consecutive trading days. The New York market fell sharply and tested the 7-day moving average, but the price is still running above the 10-day moving average/7-day moving average. The Bollinger Bands on the short-term four-hour chart closed, the RSI indicator's middle axis flattened, and the hourly chart's four-hour moving average was glued. From a technical perspective, gold intraday trading is arranged with a volatile mindset, and the intraday range is arranged with reference to 3328/3388. Today's fundamentals focus on the non-agricultural employment data released by the New York market. The previous value was 177,000, and the market estimate was only 130,000. According to the estimate, it is bullish for gold/silver. This year has always emphasized that 2025 is a strong year for gold, and gold may enter an acceleration period of long-term structure this year. Tariff trade policies, geopolitical tensions, the Federal Reserve's interest rate decision, the decline in confidence in U.S. debt, and the increase in global central bank purchases have all affected the trend of gold as a strong safe-haven tool, and gold will have room to rise. Therefore, as long as the overall environment remains unchanged, gold is still an absolute bullish trend. Therefore, no matter how it is adjusted, now is an opportunity to enter the long position. Gold fluctuated in the 3332-3392 range in the first three days of this week. During this period, our high-altitude and low-multiple layout was completed as expected. Then, today gold will remain in this range and fluctuate upward. If it rises above 3400 and stabilizes, it will look to 3500 above; if it breaks through 3330, it will look to 3280 below. Pay attention to the fluctuations before the release of non-agricultural data. Non-agricultural data will cause an increase in liquidity, so try to avoid it. Key points: First support level: 3342, second support level: 3328, third support level: 3303 First resistance level: 3376, second resistance level: 3388, third resistance level: 3410 Operation ideas: Buy: 3340-3343, stop loss: 3332, target price: 3360-3370; Sell: 3387-3390, stop loss: 3400, target: 3370-3360;
OANDA:XAUUSDLong
by Labaron
2
Today’s gold strategy: go long on support and short on pressure!Today, there is a high probability that the volatile bullish trend will continue. In terms of operation, we should seize the opportunity of short-term bullish. The key support level of the daily line is around 3350-3355. If it falls back to this level, you can arrange short-term bullish with a light position. If the market is strong and there is no obvious correction, you can enter the long position in advance at the 3370 line. Pay attention to the upper resistance level of 3400-3405. Once it breaks through effectively, wait for the opportunity to arrange short positions after the surge. In the volatile market, both long and short positions have opportunities. Don't chase the rise and sell the fall. Be sure to wait patiently for the right time to enter the market and strictly control the position. Gold operation suggestions: short gold rebounds around 3400-3405. Go long gold when it falls back to around 3350-3360. Go long at 3370 first if it is strong and does not pull back.
OANDA:XAUUSDLong
by TP_Daniel5
Double top pressure appears Gold short-term bearishThe current price shows a sign of hesitation after experiencing a sharp rise. The bulls hit a high of 3384 twice and then pulled back. The high point and yesterday's high point formed a double top suppression. Two attempts to test Monday's high of 3392 failed, indicating that the bullish momentum has weakened. The short-term high-altitude strategy for gold is mainly used. Pay attention to the key support of 3340-3345 below. If it is effectively broken, it may fall to the 3325 trend line conversion support level below. In terms of operation, it is recommended to rely on the double top pressure of 3384-3392 to arrange short orders at highs. Market volatility may intensify before the release of non-agricultural data. Gold operation suggestions: short gold near 3384-3392, target 3370-3360.
OANDA:XAUUSDShort
by TP_Daniel5
US market fluctuates around 3400-3370, short first 📌 Driving events Heightened tensions between China and the United States have also fueled the bullish momentum of gold prices. As the upcoming trade negotiations between Washington and Beijing are full of uncertainty, investors have sought safe-haven assets such as gold. Adding to the market's nervousness, President Donald Trump signed an executive order to double the import tariffs on steel and aluminum from 25% to 50%, effective June 4. The move came a few days before Trump's much-anticipated call with Chinese President Xi Jinping, further fueling concerns about escalating trade frictions. 📊Commentary and analysis Gold failed to fall back to 3353 during the day, and the lowest point was 3360, and it ushered in an increase, and the highest point was 3403. In the short term, 3403 was suppressed, or it may fall back, and then it fell into volatility again. The idea is to suppress short positions around 3403, stop loss at 3413, and stop profit at 3380-3372. Short-term trading, pay attention to risks. June 5th US gold short-term trading: short near 3400, stop loss 3413, light position, take profit 3375 Short near 3372, stop loss 3360, take profit 3400 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds
OANDA:XAUUSDLong
by Labaron
1
Gold points to 3400, madness before data release.Market analysis: Gold fell slightly to around 3361 in early trading on Wednesday. After falling to around 3346, it quickly rose to around 3372, then was blocked and fluctuated and fell. It fell to 3344 in the European session and then rebounded. It rose strongly to 3384 in the US session and fluctuated above 3370 in the late trading. The daily line of gold showed a trend of alternating yin and yang. But the overall trend was upward. The 5-day moving average and the 10-day moving average formed a golden cross and extended upward, which provided moving average support for the gold price, allowing gold to maintain a strong and volatile trend. At present, the 5-day moving average is around 3352, and the 10-day moving average is around 3335. The first thing to pay attention to is the resistance of Tuesday's high of 3392. If the gold price can break through this resistance level, it is expected to continue the bullish trend. In terms of points, first pay attention to the support near MA5/MAA10 below, and focus on the support of MA20 moving average. The downward exploration on Tuesday and Wednesday both defended the MA20 moving average position. Above this, it is treated as a strong shock. Secondly, pay attention to the support near 3335, which is the low point on Tuesday and the key to the short-term structure. Secondly, pay attention to the support near 3335, which is the low point on Tuesday and the key to the short-term structure. First pay attention to the resistance near 3395 above, and then pay attention to the resistance near 3415 and 3430, which are the previous high points. Operation strategy: Short near 3395, stop loss 3410, profit range 3380-3360 Long near 3360, stop loss 3350, profit range 3375-3380-3390-3400.
OANDA:XAUUSD
by Quaid-1
Although the market fluctuates, the rhythm is not chaotic.Today's public strategy suggested shorting gold at 3365, and accurately predicted the retracement of the resistance level again. The brothers who followed up again reaped good rewards. Then arranged long orders in the 3344-3345 range, and exited the market at 3360 after the market fell and rebounded; then arranged short orders at 3360-3361, and fell again under pressure, and successfully took profits at the target of 3350. Although the short-term fluctuations were large, we finally managed to grasp the rhythm steadily and reaped ideal profits. Judging from the current trend, as long as the short-term gold market is above 3330, gold will still be in a strong bullish trend. On the contrary, if it falls below the closing line near 3330, it will break the trend line, and the subsequent market will most likely form a weak shock pattern. Therefore, the current operation is actually very simple. As long as the 3330 position is not broken, you can rely on the 3330 area to enter the market and do more. Pay attention to the support near yesterday's low point of 3333 below, and pay attention to the resistance near 3380-3390 above. Gold operation suggestions: It is recommended to short gold with a light position near 3380-3385, with a target of 3370-3360, and go long near 3345-3350 when gold falls back, with a target of 3360-3370.
OANDA:XAUUSDShort
by TP_Daniel5
Gold fluctuates. It is expected to retreat.Gold continued its strong performance on Monday in the early trading yesterday and reached a high of around 3391 before starting to fall all the way. It was weak and downward in the European trading. The US trading quickly fell back to around 3335 and then rose again. However, it touched the 3372 line again in the morning and continued to fall, forming a large range of fluctuations. Affected by the ADP data, although the positive impact is large, it is very likely to be just an illusion given to the market, not to achieve a strong effect. The key pressure position above is maintained at around 3360, which may play the role of a watershed between long and short positions, and the strong pressure above will also be maintained at 3365; the support position below is around 3340. Once this position is broken, the room for decline may be expanded in the later period. Although the MA5-day and 10-day moving averages have the intention of forming a golden cross, they have not completely released the energy of the bulls, making the market more unpredictable for the bears. In the correction of the bulls' strong upward movement, there was no further effort. Perhaps this is one of the signs of bull exhaustion. The current channel position formed from 3391 also gives the bulls enough pressure. Only by breaking through this position again can a strong upward trend be achieved. Operation strategy: Short near 3360, stop loss 3370, profit range 3345-3330.
OANDA:XAUUSD
by Quaid-1
If the direction is unclear, don’t panic, respond flexibly!Gold has been showing a daily yin-yang alternating pattern since last Wednesday, but the overall rising rhythm has not been broken. The MA5-day moving average and the MA10-day moving average formed a golden cross and continued to extend upward. The arrangement of this moving average system provides a certain support momentum for the gold price. During the day, we need to focus on the support effect of the moving average. The current 5-day moving average is near 3340, and the 10-day moving average is near 3325. These two positions constitute an important support area for the short-term gold price correction. In terms of upper resistance, first pay attention to yesterday's high of 3392. If the gold price can break through this resistance level, it means that the upward momentum is strong, and it is expected to continue to be strong to 3400-3420, further opening up the upward space. From the 4-hour chart, as long as the short-term gold market is above 3330, then gold is still in a strong bullish trend. On the contrary, if it falls below the closing line near 3330, then it is a broken trend line, and the subsequent market is likely to form a weak shock pattern again, so the current operation is actually very simple. As long as the 3330 position is not broken, you can rely on 3330 to enter the market and do more. Focus on the support near yesterday's low of 3333 below, and focus on the resistance near 3375-3380 above. Gold operation suggestions: It is recommended to short gold near 3365-3375, with a target of 3350. Go long gold when it falls back to 3335-3345, with a target of 3360-3370.
OANDA:XAUUSDLong
by TP_Daniel5
Gold price returns to 3400? 📣 Gold Information Gold prices gave up some of Monday's gains on Tuesday, falling more than 0.80% as strong U.S. labor market data reinforced expectations of a strong economy and put pressure on the non-yielding metal. As of writing, XAU/USD was trading around $3,348, hitting an intraday high of $3,392. Investor sentiment picked up after the latest U.S. Job Openings and Labor Turnover Survey (JOLTS) showed a sharp increase in job openings in April, indicating a continued tight labor market. The optimistic data came this week, which will see a series of key employment reports released, including the ADP employment change data for May released on Wednesday and the much-anticipated non-farm payrolls data on Friday, both of which could affect expectations of Fed policy. 📊Comment Analysis Gold prices maintain bullish momentum, tariff momentum coupled with current unfavorable economic data 💰Strategy Package 🔥Sell Gold Area: 3411-3413 SL 3418 TP1: $3400 TP2: $3390 TP3: $3380🔥 Buy Gold Area: $3332-$3330 SL $3325 TP1: $3345 TP2: $3358 TP3: $3370 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose a lot size that matches your funds - Profit is 4-7% of the capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSDLong
by Labaron
1
Asian session main long and auxiliary short operation 📣Gold information There are two main reasons for the rise in international gold prices: First, global trade frictions have intensified. Trump said that he would raise tariffs on steel and aluminum. The EU strongly opposed it and prepared to implement countermeasures. Brazil is also ready to counter, and the market is worried that the United States will resume the "big stick" of tariff policy; second, in terms of geopolitical conflicts, the market is worried that the conflict between Russia and Ukraine will escalate again. Overall, the medium- and long-term rise in gold has not changed, and there is still uncertainty as to whether it can successfully break through the resistance level in the short term. 📊Comment analysis Today, we need to pay attention to the support effect of the moving average. The current 5-day moving average is near 3340, and the 10-day moving average is near 3325. These two positions constitute important support areas for the short-term correction of gold prices. In terms of upper resistance, pay attention to yesterday's high of 3392. If the gold price can break through this resistance level upward, it means that the upward momentum is strong, and it is expected to continue the strong trend and further open up the upward space. In terms of points, pay attention to the support near yesterday's low of 3333 below, and the resistance near 3360 and 3370 above. 💰Strategy Package 🔥Sell Gold Zone: 3365-3370 SL 3375 TP1: $3355 TP2: $3340 TP3: $3325 🔥Buy Gold Zone: $3325-$3330 SL $3320 TP1: $3345 TP2: $3355 TP3: $3365 ⭐️ 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-Asian market rises, what is the trend?Event summary: On Wednesday in the Asian market, spot gold fluctuated slightly and is currently trading around $3,370/ounce. There are two reasons for the strong rise in the Asian market: 1. Ukraine directly blew up 41 Russian fighter jets; 2. The tariff storm re-emerged, and Trump is expected to impose a 50% tariff on steel and aluminum. The tense international situation and tariff storm have become important factors that disrupt the market. Market analysis: The four-hour chart shows that the current price is still running above the middle track of the Bollinger Band channel, and the MA10-day moving average and the 5-day moving average are running above 3,340. Due to the wide fluctuations in the market, short-term participation is the main option. Intraday callbacks are still mainly low and long. Gold rebounded directly in the early trading, and the center of gravity of the low point of the rebound is also constantly moving up. From the current market, the short-term gold price has stabilized above the top and bottom conversion position of 3,340, and it also remains above the rising trend line, and the bulls are strong. In the early trading, the gold price fell back to the lowest level of 3346, and it formed a Yang-enclosing-Yin pattern, which means that the bulls' energy is relatively strong. We only need to pay attention to two points in the early trading, namely the key level of 3330 and the short-term support level of 3346. If it falls back to around 3350 during the trading session, we will start to go long. Operation strategy: Short at 3375, stop loss at 3385, target 3340-3320; Long at 3345, stop loss at 3333, target 3370-3400;
OANDA:XAUUSD
by Quaid-1
Gold prices have fallen back, so it's time to take action.I reminded all traders in the morning to be alert to the risk of gold falling back today. Now it has successfully reached the point I predicted in the morning; it's time to adopt a long strategy. From the daily chart of gold: The current price has fallen back to around 3335, which happens to be the support position of the daily trend line. This is why we are bearish on gold. As long as the US stock market closes above 3335, gold will still be in a long trend. On the contrary, if it falls below the closing line of 3335 today, it will break the trend line, and the subsequent market may be more complicated. Therefore, the current operation can adopt a long strategy. Long positions are entered near the support level. If gold once again stabilizes above 3,400, then there is a possibility that it will reach a new high. Operation strategy: Enter the market at the current price, stop loss 3330, profit range 3350-3365.
OANDA:XAUUSDLong
by Quaid-1
1