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XAUUSD next move. 2H timeframe analysis.Trading Idea: Sell Target 2604 with Pullback Opportunity Asset: XAUUSD Timeframe: 2H Current Price: 2633 Target: 2604 Technical Setup: The market is in a downtrend, with lower highs and lower lows. Price is heading toward key support at 2604, a strong historical level. Indicators show continued bearish momentum: RSI is near overbought, suggesting potential for a correction. MACD remains negative, signaling more downside. Price is below both the 50 EMA and 200 EMA, confirming the overall bearish trend. A move towards 2604 may trigger a temporary pullback, so watch for reversal signals (bullish candles or patterns) for potential long entries after hitting this zone. Fundamentals: The broader market sentiment is risk-off, with global concerns over weighing on risk assets. Any negative economic data or geopolitical risks could drive further bearish pressure.
OANDA:XAUUSDShort
by ForexBarbieReal
1
NFP market trading strategyFrom the data, the previous value is 1.2 (million), and the forecast value is 20 (million). From the current expectations, the non-agricultural employment population data may continue to rise sharply, which is bearish for gold; if the data is revised for the previous value, it may bring greater pressure to the gold market; gold fell to around 2613 overnight, and it is not ruled out that institutions are running ahead of the NFP market. If gold in the NFP market continues to fall sharply, it will also harvest most of the funds chasing the rise; From the chart, gold is currently in a volatile pattern, but from the perspective of rebounding and falling back many times, it faces multiple resistances above, first facing resistance in the 2655-2665 area, and secondly facing resistance in the 2675-2685 area. So it is actually difficult for gold to break upward at the technical level; and today is Friday, the gold market closes the weekly line. From the weekly level, gold still has room to continue to fall, so once gold falls in the NFP market, it is likely to test the 2605-2600 area support; it may even test the 2580-2560 area. So, today’s NFP market trading strategy: 1. Set the price limit to sell gold at 2658-2662. If it exceeds 2666, the short position will be abandoned; 2. Wait for the data to be released and then follow the gold fluctuations to choose an opportunity to short gold; Bros, are you ready to participate in the NFP market? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Gold Short: Capitalizing on Sunday Open RejectionGold has shown a strong rejection of the $2,650 price area after retracing to the Sunday open levels, aligning with the prevailing higher time frame (HTF) bearish trend. This trade is engaged to capitalize on the downside potential as the price fails to break the dynamic resistance at $2,650. With the support of the HTF momentum and a clear rejection, the trade setup focuses on targeting the lower support levels in the $2,610-$2,600 zone while maintaining a disciplined approach to risk management. Technical Analysis: Daily Chart: • Price struggles below the mildly bearish 20 SMA. • Both 100 and 200 SMAs maintain their bearish slopes, confirming the downtrend. • Momentum indicators remain neutral, supporting the absence of bullish reversal signs. 4-Hour Chart: • XAU/USD trades below the flat 20 SMA while hovering near a directionless 100 SMA. • The 200 SMA around $2,690 acts as dynamic resistance, pushing prices lower. • Indicators are aligned with bearish momentum, suggesting further downside. • Support Levels: $2,626.70, $2,611.35, $2,598.70 • Resistance Levels: $2,643.30, $2,655.00, $2,671.55 Fundamental Analysis: The US Dollar’s strength continues to weigh on Gold prices, driven by robust macroeconomic data: • ISM Manufacturing PMI: Revised upward to 49.7, better than expected, supporting USD strength. • Wall Street Sentiment: Mixed trading as geopolitical tensions between the US and Russia persist. • Upcoming Events: Markets anticipate key US employment data, particularly the Nonfarm Payrolls (NFP) report on Friday, which could bring additional volatility to XAU/USD. Trade Management: • Entry near $2,645 with clear rejection signals. • Stop Loss: Placed above $2,659 to manage risk efficiently. • Targets: Initial take profit at $2,622, with a potential extension to $2,610. • Risk Management: Adhering to the bearish trend, the trade will be closely monitored, especially as the US Nonfarm Payrolls data approaches. • Risk Management: Trail stops as price moves lower. Monitor market reactions closely, especially around major support and resistance zones, and adapt as Nonfarm Payrolls approach. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:GOLDShort
by AR33_
SIDEWAY - big changes are waiting ahead ! XAU ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold price (XAU/USD) edges lower during Thursday's Asian session but remains within its recent trading range as mixed signals keep traders cautious. Hawkish comments from FOMC members, including Federal Reserve (Fed) Chair Jerome Powell, have reinforced expectations that the Fed will adopt a cautious approach to rate cuts. This has led to a modest rebound in US Treasury bond yields from their lowest levels in over a month, putting pressure on the non-yielding gold price. ⭐️Personal comments NOVA: Unemployment news today - gold price will continue sideways waiting for NF data tomorrow, price range 2605; 2665 will be noticed in the sideway price zone ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2665 - $2667 SL $2672 TP1: $2655 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2622 - $2624 SL $2617 TP1: $2630 TP2: $2640 TP3: $2650 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
7
XAU SCALPING ! Resistance 2655 SELL sideway zone SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Anticipation of a less dovish Federal Reserve (Fed) has sparked a slight rebound in US Treasury bond yields, limiting gains for the non-yielding Gold price. Remarks from several FOMC members, including Fed Chair Jerome Powell on Wednesday, indicate the Fed is likely to proceed cautiously with rate cuts. This encourages traders to exercise caution before making significant moves on XAU/USD, as attention shifts to the upcoming US Nonfarm Payrolls (NFP) report on Friday. ⭐️Personal comments NOVA: Gold price is still as predicted SIDEWAY, waiting for resistance at 2655 can SELL SCALPING M30 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2654 - $2656 SL $2659 scalping TP1: $2650 TP2: $2645 TP3: $2640 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
3
Execute gold trading by selling high and buying lowBros, gold has been fluctuating in the 2645-2655 area most of the time today, with only a fluctuation space of $10. To be honest, it is not easy to participate in trading except for scalping. At present, gold has rebounded to around 2650 again. Gold is still in a narrow range of fluctuations as a whole. Gold may use the NFP market to break the box range, thus showing continuity. So before the NFP market, we can still treat the market with shock in trading. Then the first thing to pay attention to above is the resistance of the 2655-2660 area, and the first thing to pay attention to below is the resistance of the 2640-2630 area. Before breaking the box range, we can rely on the support and resistance areas to sell high and buy low. Trading strategy: 1. Using the 2655-2660 area as resistance, try to short gold; 2. Using the 2640-2630 area as support, try to long gold; Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
ADP-NF Is there a chance for gold price to drop to 2605?⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Expectations that the Federal Reserve will take a cautious approach to rate cuts, driven by concerns that President-elect Donald Trump's policies could fuel inflation, are supporting a slight rise in US Treasury yields. This provides some strength to the US Dollar (USD) and may pose a challenge for Gold prices. However, XAU/USD remains supported by ongoing geopolitical tensions, uncertainty around Trump's trade tariffs, and fears of a potential second wave of global trade wars. Traders are now awaiting the US ADP private-sector employment report and the ISM Services PMI for fresh direction in the market. ⭐️Personal comments NOVA: Gold price narrows sideway zone 2640-2655, about to break the accumulation zone with ADP NF data this week ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2664 - $2666 SL $2669 scalping TP1: $2658 TP2: $2650 TP3: $2640 🔥SELL GOLD zone: $2688 - $2690 SL $2695 TP1: $2680 TP2: $2670 TP3: $2660 🔥BUY GOLD zone: $2606 - $2604 SL $2599 TP1: $2615 TP2: $2628 TP3: $2635 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1
Still firmly short goldBros, gold has failed to effectively break through 2650 during the rebound process many times, so gold is still in a weak position. If there is no special news affecting the market, gold will continue to fall after consuming a certain amount of bullish energy, and may even drop to the 2600-2590 area. So in terms of trading, we can temporarily maintain the attitude of shorting gold. Bros, are you as bearish on gold as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Accumulation - bulls and bears dispute ! XAU sideway ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Atlanta Fed President Raphael Bostic shared his views, expressing uncertainty about the need for a rate cut this month but supporting the idea of further reductions in the coming months. He emphasized that interest rates should reach a neutral level that neither stimulates nor restricts economic growth, noting that he remains open to all options. Meanwhile, the CME FedWatch Tool indicates a 63% probability of a 25-basis-point rate cut, slightly lower than the 66% seen last Friday, suggesting the December 17-18 meeting will be a closely watched event. ⭐️Personal comments NOVA: The sideway price range 2605 - 2666 will continue, with more accumulation waiting for NF news this week. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2649 - $2651 SL $2654 scalping TP1: $2645 TP2: $2638 TP3: $2630 🔥SELL GOLD zone: $2666 - $2668 SL $2673 TP1: $2658 TP2: $2645 TP3: $2630 🔥BUY GOLD zone: $2617 - $2615 SL $2610 TP1: $2625 TP2: $2632 TP3: $2640 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
4
Xauusd sell From a technical point of view, XAU/USD remains confined to familiar levels, still struggling to find a directional way. In the daily chart, the pair struggles around a mildly bearish 20 Simple Moving Average (SMA) while the 100 and 200 SMAs maintain their bullish slopes well below the current level. Technical indicators, however, have turned flat at around their midlines, in line with the absence of a clear trend Gold now sell 2640 Support 2615 Support 2605
OANDA:XAUUSDShort
by JohnHarry_7
Seize the opportunity to continue shorting goldBros, gold fell as expected and touched the short-term support area of ​​2635-2630, and then rebounded again. Currently, gold is running around 2639. At present, gold is repeatedly bullish and bearish in the short term, and neither the rise nor the fall is sustained. The overall market can be classified as a volatile market. However, from the perspective of the strength of gold's rebound, gold is relatively weak, and it has never effectively broken through 2650 during the rebound. So in short-term trading, we still focus on shorting gold after the rebound. Then the area we focus on first is the 2645-2650 area, followed by the 2660-2665 area. As long as gold remains below 2660, I think the short energy is still slightly better, so at the right time, we can short gold with the 2645-2650 and 2660-2665 resistance areas. Bros, are you as bearish on gold as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Hold on to short gold positionsBros, as I said in my last opinion, we can short gold with the 2645-2650 resistance area. I have already shorted gold at 2645 and 2651 as planned. Although gold has not fallen effectively so far, it still remains above 2640. But we can see that gold has not effectively broken through 2650 in many rebounds, so I think that after consuming a certain amount of long energy, gold will fall again. So I am still very confident in my short position. Bros, have you followed me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Short gold after reboundBros, the lowest retracement of gold during the day was around 2622, and then rebounded and is now running around 2634. Since gold has chosen to break through downwards and is particularly weak during the rebound, we still give priority to shorting gold in the short term. The top focus is mainly on the resistance in the 2640-2650 area. The main focus on the 2640-2650 area resistance. In terms of short-term trading, we can short gold based on this resistance area.
OANDA:XAUUSDShort
by Trader_Marvin
Scalping! Gold price recovers in the short term to 2648SCALPING XAU / USD ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain under pressure during the early European session on Monday, trading near $2,630, at the lower end of the day's range. The US Dollar (USD) rebounds sharply from a nearly three-week low, supported by a rise in US Treasury yields, adding downward pressure on the precious metal. Additionally, expectations that President-elect Donald Trump's proposed tariffs and expansionary policies will drive inflation higher, potentially prompting the Federal Reserve (Fed) to halt further rate cuts, further weigh on gold. However, concerns over trade tensions, geopolitical uncertainties, and a cautious market sentiment may help limit losses for the safe-haven XAU/USD as investors await key US economic data releases later this week. ⭐️Personal comments NOVA: Gold price has recovered - continuing sideways, scalping the liquidity zone 2648 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2648 - $2650 SL $2653 TP1: $2644 TP2: $2638 TP3: $2630 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
XAUUSDHere is our quick view and update on XAUUSD . Potential opportunities and what to look out for. This is a quick overview on the pair. XAUUSD is currently trading at around 2630s. If we break our KL (Key Level) 2624 , we could revisit 2604 and our target 2590 . Safe sell entries would be at the break of the KL 2624 . Be careful of possible pullbacks to the upside and breaks of 2640 . Personal opinion: XAUUSD has tried to break below 2624 several times last week but failed to do so. A clear break below 2624 would confirm the direction and based on that we could take advantage of the sells on gold and potentially hit our 2590 target. KEY NOTES - XAUUSD breaking below 2624 would confirm sells. - Breaks below 2604 would result in sells, down to 2590 would result in even lower prices. - Breaks above 2640 could confirm buys. Happy trading! FxPocket
FOREXCOM:XAUUSDShort
by FxPocket
Analysis of the Downward Trend in Gold Prices This WeekGold prices remained stable above $2,600 in the past week, primarily supported by increasing geopolitical tensions. However, after Donald Trump's victory in the U.S. presidential election, gold still faced pressure to limit its price increase, as the U.S. dollar is expected to be supported by Trump's win. Regarding gold's recent recovery, after the release of the U.S. Personal Consumption Expenditures (PCE) data earlier this week, which met expectations, market anticipation for a Federal Reserve rate cut in December has risen, driving gold prices higher. Currently, the market is pricing in about a 66% chance of the Fed cutting interest rates by 25 basis points in December, a significant increase from just over 50% a week ago. Geopolitical tensions in Europe, caused by Russia's missile attack on Ukraine, have also provided support for safe-haven assets like gold. The Israeli military announced on Thursday that their air force had struck a facility in southern Lebanon used by Hezbollah to store medium-range missiles, as both sides accused each other of violating the ceasefire agreement. On Thursday, Russia launched its second major attack this month on Ukraine's energy infrastructure, causing widespread power outages in the country. Gold OANDA:XAUUSD is generally seen as a safe investment during periods of economic and geopolitical instability. Gold prices have dropped about 3% this month, hitting a two-month low on November 14. This is mainly due to the strengthening U.S. Dollar since Trump's election, and his tariff policies, which are seen as likely to push inflation higher, thus slowing down the Federal Reserve’s rate-cutting cycle. Next week, the U.S. will release key economic data, including job openings, ADP employment reports, and non-farm payrolls, which could provide direction on the Federal Reserve's policy outlook. Important Economic Data to Watch Next Week Monday: ISM Manufacturing PMI Wednesday: ADP Employment Report, ISM Services PMI, Federal Reserve Chairman Jerome Powell will participate in a panel discussion at the New York Times DealBook Summit Thursday: Weekly Jobless Claims Friday: U.S. Non-Farm Payrolls Report, University of Michigan Preliminary Consumer Sentiment Technical Outlook for XAUUSD (Gold Price) Gold is attempting to recover but remains limited by the 50% Fibonacci level and the EMA21, as pointed out in yesterday's publication. In terms of overall structure, gold still leans towards a bearish outlook, with the main trend indicated by the price channel (a) and resistance from the EMA21. The Relative Strength Index (RSI) has also not yet surpassed the 50 level. Therefore, in terms of trend and momentum, gold is more likely to face downward pressure rather than rise. As long as gold stays within the price channel (a), it does not meet the technical conditions for a long-term price increase, so any rallies should be viewed as short-term recoveries. In the short term, if gold drops below the 0.618% Fibonacci retracement level, the next target for a decline would be around the $2,600 level. In conclusion, the technical outlook for gold on the daily chart is bearish, with the following key levels to watch: Support: $2,634 – $2,606 – $2,600 Resistance: $2,663 – $2,693 However, traders must note that in the context of geopolitical conflicts, technical structures can be broken very quickly due to sudden, impactful events. Therefore, the risk will be higher in the short term. This concludes the article. Henry wishes for a healthy, joyful, and happy weekend.
OANDA:XAUUSDShort
by Henrybillion
1
Gold (XAUUSD) ShortThis is not an financial advice. This is just my observation. 1. Gold is obviously bearish and the price is on its correction way. 2. Based on Elliot, the A and B wave has been completed and we are now in the wave C. In the wave C, the first and second waves are almost done and we are going to enter wave 3. The 2/C is reached to 50% correction. However, I have to admit that On Friday I expected that price should reach 2670 (on of the strangest price resistance level). On 4H time frame, yesterday price crossed down the EMA 200 which can be considered as an entry signal. 3. For long term (I think until next Fed reserve rate announcement, unless other news interrupt) price should meet about 2470, although more bearish is also possible. After 2470, I suppose we should look for a bullish signal. Until then, we have some minor SR levels, expectedly on about 2568, 2515. I am looking forward for your comments. Bests,
CAPITALCOM:GOLDShort
by jack_the_real_trader
1
Gold price moves up trendline - short term⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) gain momentum on Friday, reaching a four-day high near $2,662 during the Asian session. Heightened geopolitical tensions and trade war concerns continue to fuel demand for the safe-haven metal. Additionally, expectations of another Federal Reserve (Fed) rate cut in December and a drop in US Treasury yields further support gold's appeal. Meanwhile, the likelihood of additional Fed rate cuts has pressured the US Dollar (USD) to a two-week low, boosting gold demand. However, hopes that President-elect Donald Trump's policies will spur inflation and indications of stalled progress in reducing US inflation could make the Fed cautious about further easing. This may limit USD losses and keep a lid on XAU/USD's gains. ⭐️Personal comments NOVA: H1 frame moves in 2 uptrend lines, gold price moves mainly sideways below the price range of 2700 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2670 - $2672 SL $2675 scalping TP1: $2665 TP2: $2658 TP3: $2650 🔥SELL GOLD zone: $2688 - $2690 SL $2695 TP1: $2680 TP2: $2670 TP3: $2660 🔥BUY GOLD zone: $2640 - $2638 SL $2633 TP1: $2650 TP2: $2660 TP3: $2672 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold trend! continued decrease ! sideway⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) continue to decline during Thursday's Asian session, following the previous day’s pullback from the $2,658 level. Strong US economic data released on Wednesday, along with limited progress in reducing inflation, suggest that the Federal Reserve (Fed) may approach further rate cuts cautiously. This outlook has driven a slight rebound in US Treasury yields and bolstered US Dollar demand, putting pressure on the non-yielding precious metal. However, markets are still largely expecting a 25 basis point (bps) rate cut by the Fed in December. Additionally, US President-elect's tariff threats have sparked concerns over a potential trade war that could harm global economic growth. Combined with ongoing geopolitical risks from the Russia-Ukraine conflict, these factors are helping Gold maintain support above the $2,600 level. ⭐️Personal comments NOVA: Selling pressure continues - target returns to 2605 area, bank holiday gold price mainly sideways and decreases slightly ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2633 - $2635.5 SL $2639 scalping TP1: $2625 TP2: $2612 TP3: $2605 🔥SELL GOLD zone: $2657 - $2659 SL $2664 TP1: $2650 TP2: $2640 TP3: $2630 🔥BUY GOLD zone: $2605 - $2603 SL $2598 TP1: $2615 TP2: $2622 TP3: $2630 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
3
XAUUSD: ABC Correction Structure Targets $2450Looking at the updated Elliott Wave analysis of Gold (XAUUSD), we can observe a clear ABC corrective structure: Wave A completed a 5-wave decline from the highs Wave B formed as a corrective rally, reaching around $2720 Wave C is now in progress, developing as a 5-wave impulse structure downward Currently in Wave C: Wave (i) has completed and Wave (ii) is nearing completion. Wave (iii) appears to be developing, showing the characteristic strong momentum of a third wave Expecting wave (iv) to form a small corrective bounce Final wave (v) should complete the entire ABC structure Key Levels: Wave B high: ~$2720 (invalidation level) Current price: Testing key support levels Target for Wave C completion: ~$2450 The parallel channel formation helps guide the price action and suggests the bearish momentum could continue until reaching our target zone. Traders should note that completion of this ABC structure could lead to a significant reversal.
FX:XAUUSDShort
by ewturk
Shorting gold is my best Thanksgiving gift to youBros, although gold has risen sharply to around 2646 in the short term, from the overall structure, the rebound strength of gold is still lacking, and it has never been able to break through the key level, resulting in limited room for gold to rise; and gold still faces the resistance area of ​​2650-2655 in the short term. So don't be scared by the sharp fluctuations in the short term. The rebound is an opportunity to short gold; in addition, once gold forms a falling relay platform, gold is likely to continue to fall and try to reach 2600, or even 2580. Bros, this is my Thanksgiving gift to you! Be brave to short gold! Bros, have you shorted gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin