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Gold's HUGE drop - Where we going next?📉 Gold Market Update: Key Levels & Strategy Ahead Gold has experienced a significant decline, dropping over 1,000 pips in just the past three trading days. Currently, we’re seeing consolidation just above the $3,000 mark, with the price struggling to hold this psychological level. While the broader trend appears bullish, we are now in a range-bound phase, which often leads to false breakouts and stop hunts. Given the current conditions: 🔸 Short Bias: The overall setup favors short positions, but patience is key. Look for higher price levels to enter shorts with better risk-to-reward ratios. 🔸 Scalp Opportunities: If you’re considering a long position, it should be strictly short-term (scalping) and only from well-defined support levels. 🔸 Capital Protection: This is not the time to over-leverage or chase moves. Gold is known for volatility in tight ranges—stay protected and use tight risk management. ⚠️ Bottom line: Gold is in a bearish consolidation zone. The safest play is to wait for clearer setups, preferably at resistance for shorts or strong support for scalps. Avoid getting chopped up in the range. If you found this breakdown helpful, don’t forget to give it a boost! 🚀
FOREXCOM:XAUUSDShort
by omz_zz
a breakdown of the 6 month channel "On the yearly chart, gold is near its trading high, and on the 6-month chart, it's near a support floor. There's a high probability of the support breaking." Here's a slightly more formal way to phrase it, which might be used in a trading context: "On the annual timeframe, gold is trading close to its resistance peak, while the 6-month chart shows it nearing a support level. The likelihood of this support being breached is quite high."
TVC:GOLDShort
by sepehrariamehr007
1
XAU/USD) Bearish analysis Read The ChaptianSMC Trading point update This chart analysis of Gold (XAU/USD) on the 2-hour timeframe appears to be a bearish setup based on Smart Money Concepts (SMC). Here's a breakdown Key Elements: 1. Price Channel Break & CHoCH: The price was in a rising channel. A clear Change of Character (CHoCH) occurred after the price broke below the structure, signaling a shift from bullish to bearish. 2. Fair Value Gap (FVG): There's a bearish Fair Value Gap (FVG) highlighted in the yellow box around the 3,047–3,075 level. The expectation is that price may retrace into this FVG before continuing downward. Mr SMC Trading point 3. Target Zone: A major demand zone or target point is marked around 2,940, indicating a potential bearish move of around -148 points (~4.8%) from the FVG. 4. EMA & RSI: 200 EMA is around 3,047, acting as dynamic resistance now. RSI is below 40 and trending down, showing bearish momentum with slight bullish divergence, hinting at a short retracement before another drop. --- Summary of the Idea: Bias: Bearish Trade Plan: Wait for price to retrace into the FVG zone (~3,047–3,075). Look for bearish confirmation (like bearish engulfing or rejections). Enter short with a target at 2,940, stop above FVG. Let me know if you’d like help formulating a trade setup or risk management plan based on this. Pales support boost 🚀 analysis follow)
CAPITALCOM:GOLDShort
by SMC-Trading-Point
Gold price plummets by $100!Market news: In the early Asian session on Tuesday (April 8), spot gold fluctuated widely and is currently trading around $2,995/ounce. Gold prices fell nearly 2% on Monday, falling for three consecutive trading days. The lowest intraday price hit $2,956/ounce, a drop of nearly $100. London gold bulls suffered a bloodbath. After the United States' comprehensive tariffs triggered concerns about a global economic recession, investors turned to the US dollar as a safe haven. However, given the grim economic situation, there is still a certain amount of bargain hunting to support international gold prices.Trump refuted rumors of a 90-day suspension of tariffs, pushing the US dollar index to rebound. When the US dollar appreciates, gold becomes expensive for buyers holding foreign currencies. Amid market turmoil, investors turned to cash and safe haven assets such as the Swiss franc and the yen, which raised the risk of a deeper correction in gold prices. It should be reminded that although Federal Reserve Chairman Powell did not say that the Fed was eager to resume rate cuts, federal funds rate futures traders increased their bets on the number of rate cuts the Fed will make this year. This week’s U.S. economic focus will be the March consumer price and producer price reports, which will be released on Thursday and Friday, respectively. Data from last Friday showed that employers added more jobs than expected last month, but the unemployment rate also rose! Technical Review: The gold daily line structure continued to fluctuate downward, the moving average opened downward, and the RSI indicator ran below the middle axis. The rise was not continuous, and the tariff impact remained. Yesterday, the market reported a 90-day tariff suspension. It can be seen that U.S. stocks, crude oil, gold and silver all rose rapidly, and then it was confirmed to be false news, and then fell back quickly. It can be seen that as long as the impact of the tariff news does not change, all assets will continue to sell. The market is currently in a two-way power game between the selling of risky assets and the rising demand for risk aversion. Although gold is a safe-haven asset, it is also facing the pressure of liquidity withdrawal. In the context of the unclear Fed policy and the continued escalation of global trade concerns, the price of gold may continue to maintain a volatile pattern, and the main idea is to sell at a high price! However, the current fluctuation is too fast and the amplitude is too large, so short-term operations may not be easy to start, but the direction is still the most important, followed by the position, which means that gold will fall sharply. Gold hit 2956 and then bottomed out and rebounded, but the recent market is actually volatile. Because the fluctuation is relatively large, it is reasonable to have a larger amplitude, but it increases the difficulty of operation. Gold fell back after rising again, and now it is caught in a large range of fluctuations, but the overall trend is still selling. Today's analysis: Yesterday's early trading had a new low, and another new low in the evening. In such a market environment, new lows continue to appear. This is a weak market, and this is a selling market. When the 3000 point fell below, the faith of many investors collapsed. They wanted to stand firm at the 3000 mark, but it broke at this moment, which means that the current downward trend has not ended yet, and continue to sell along with the trend. The 1-hour moving average of gold continues to cross downward and sell, and the selling force has not weakened; the rebound is still short. Although gold rushed higher after filling the gap in 1 hour, the upper shadow line came down quickly. The overall trend is still weak, and the short-term pressure is around 3030! Today's rebound is under pressure at the resistance of 3030, and it is still possible to continue selling. The market is changing rapidly. Although gold seems to have rebounded strongly, it eventually rushed up and fell back. Gold is still the main place for selling, but now it is more volatile. Pay attention to patiently wait for the rebound, and the volatility should not be underestimated. However, the idea is to continue to sell at a high price. Operation ideas: Short-term gold 2975-2978 buy, stop loss 2966, target 3010-3020; Short-term gold 3030-3033 sell, stop loss 3042, target 2990-2980; Key points: First support level: 2978, second support level: 2963, third support level: 2955 First resistance level: 3000, second resistance level: 3013, third resistance level: 3030
OANDA:XAUUSDShort
by BraveTigercat
Chart Breakdown: Gold, Bitcoin, SPX ComparisonThis chart compares the price action of Gold (candles), Bitcoin (purple line), and the S&P 500 Index (red line) over a multi-year period. Several key phases and correlations are highlighted: 🟢 Key Observations: 1. Gold Bull Run (2019–2020): Gold experienced a strong upward trend starting in mid-2019. This bull run led to a peak in August 2020, right before the final phase of the Bitcoin bull market. 2. Bitcoin Bull Run (Highlighted in Blue): After Gold peaked, Bitcoin entered its final bull run phase, accelerating dramatically. The vertical yellow line (August 3, 2020) seems to mark the transition point where capital started rotating from Gold into Bitcoin. 3. Gold Correction + SPX Correction (Post 2020): As Bitcoin surged, Gold corrected downward, reflecting a rotation of capital or risk preference. At the same time, the S&P 500 also experienced a temporary correction, possibly reflecting macroeconomic uncertainty or shifting investor sentiment. 🟡 Current Market Structure (2024–2025): 4. Gold Potential Peak Again? A similar structure appears to be forming now: Gold is peaking again, just as Bitcoin and equities are at critical levels. The chart raises the question: "Is Gold topping again, just like it did in 2020?" 5. Possible Repeat Cycle: If history repeats, we could be seeing the early stages of a new Bitcoin bull phase, following Gold’s strength and peaking pattern. SPX appears to be climbing steadily, indicating a risk-on environment—similar to what happened during the last crypto surge. 🔁 Macro Interpretation: Gold → Bitcoin Rotation: Historically, a peak in gold has preceded a sharp upside move in Bitcoin. Risk Shift Timing: Both gold corrections and SPX slowdowns tend to coincide with the start of aggressive crypto bull phases. This could suggest that a new Bitcoin leg up is near, especially if gold starts to decline again from current highs. 📌 Conclusion: Your chart reflects a macro rotational pattern: Gold strength → Peak → Bitcoin acceleration → Gold/SPX correction. If this cycle plays out again, the current peak in gold could signal a new phase of momentum for Bitcoin, just as it did post-2020.
TVC:GOLDLong
by Yassine_Houd
Gold's 4-hour range has been broken, waiting for further declineTechnical analysis of gold: Gold continued to fall in the US market, and the price continued to return to the low point of the Asian market. The rise was not continuous, and the impact of tariffs remained. The market reported that the tariffs would be suspended for 90 days. It can be seen that US stocks, crude oil, gold and silver all rose rapidly, and then it was confirmed to be false news, and then fell back quickly. It can be seen that as long as the impact of the tariff news does not change, all assets will continue to be sold. However, the current fluctuations are too fast and the amplitude is too large. Short-term operations may not be easy to start, but the direction is still the most important, followed by the position. In other words, gold will continue to fall sharply. Gold continued to rebound at the opening today. The rebound amplitude actually exceeded our expectations, but the recent market is actually volatile. Because the fluctuations are relatively large, it is reasonable to have a larger amplitude, but it increases the difficulty of operation. Gold fell back after rising again, and now it is caught in a large range of fluctuations, but the overall trend is still bearish. The US market rebound is still bearish. Gold's 1-hour moving average continues to cross the downward short divergence, and the short force has not weakened; the rebound is still short. Although gold rushed up after filling the gap in 1 hour, the upper shadow line quickly came down. The overall situation is still weak. It is under pressure near 3050 in the short term. The US rebound is under pressure at 3012 resistance, so it can continue to be short. The market is changing rapidly. Although gold seems to rebound strongly, it will eventually rush up and fall back. Gold is still the home of the shorts. However, it is now volatile. Pay attention to patiently wait for the rebound, and the volatility should not be underestimated. However, the thinking is still to maintain a high-altitude thinking. On the whole, the short-term operation of gold today is recommended to be short-selling on rebounds and long-selling on callbacks. The short-term focus on the upper side is 3012-3015 resistance, and the short-term focus on the lower side is 2950-2956 support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation. Gold operation strategy reference: Short order strategy: short gold rebound near 3012-3015, stop loss 10 points, target near 2980-2970, break to see 2956 Long order strategy: long gold callback near 2953-2956, stop loss 10 points, target near 2970-2980, break to see 3000
OANDA:XAUUSDShort
by TP_Daniel1
Gold rebounded sharply. Will gold climb again?Gold trend analysis: There are many points worth interpreting in the intraday market. Let's review and replay: Today, the market bottomed out and rebounded in the morning. Did you chase the short position after the opening fell sharply? The 2980 first-line support was tested many times without breaking, which is a move to lure shorts, waiting for you to get trapped. What was the result? Did it rebound at the 2980 first-line support? From the low point of 2972 ​​to the high point of 3054, the hourly single-yang rebound amplitude reached 82 US dollars, which did not give you a chance to escape at all. The position of 3054 is in line with the 3050-3060 regional pressure we mentioned at the weekend. It is a top-bottom conversion position. The low point of last Thursday broke the support and turned into pressure on Friday. Today, it must be shorted anyway. Of course, there is also a false move here at 3054. The first time it touched the pressure and fell to 3036, and then it attacked again to test 3054 again. Did you chase the long position? Once you chase it, you're done. Then it fell to 3017, and the drop of 37 US dollars directly wiped out your extra money. So, if you say whether technical analysis is useful or not, it is definitely useful. Of course, there are times when it fails, such as the straight-line decline of the whole process like last Thursday and Friday. Any analysis is meaningless, but this is a minority after all. The technical reliability of returning to normal trend is still trustworthy. Gold technical analysis: Today is the third consecutive day of decline. From a technical point of view, such a continuous sharp decline generally lasts for about 3 days, and no more than 4 days at most, and it will turn positive. Therefore, the decline of gold today has slowed down significantly. The intraday rebound is under pressure at 3054 and it is sideways. The European session is volatile and ready to guard against a high and fall at night. Focus on the break of the 3054 line of pressure. If it breaks through the intraday low of 3013 at night, then look at the second drop to the low of 2980-2972, and pay attention to whether a double bottom support structure can be formed here.
OANDA:XAUUSDShort
by TP_Daniel1
gold The plunge exceeded 100 points，The bearish trend is crazy!This week brings new trading opportunities, as well as new market opportunities. Nowadays, the market fluctuates greatly every day. Being a short-term trade means high frequency, fast in and fast out. As long as you do these well, you can make money in short-term trading. Don't be greedy for more. The most important thing in trading is stability. Going fast is not as good as going steadily. Do a good job in daily trading. If you can get two or three waves of profits, it will be enough for you. If you do not have the ability to flexibly respond to the market during trading, and are not good at adjusting your trading thinking and rhythm to the market rhythm in a timely manner, you can contact me and let us pursue more profits flexibly and stably in the volatile market! The K-line of the Golden Week closed at a medium-sized Yin high with a long upper shadow. forming a top heavy-volume adjustment in the short term. The daily negative adjustment engulfed the previous rising space. In terms of form, there is still room for adjustment this week, which can be continued to 2972 and 2956, while the top touches 3168 to explore the high and fall back pattern. , there is a high probability of forming a short-term high, but whether the trend will change needs to be further observed. Beware of weekly negative singles without consecutive negatives. The short-term pressure remains at 3058 and 3076. It will bottom out at the opening and rebound. First look at the strength of the rebound. At the top, focus on the pressure of 3055 first, and then look at 3076 if it breaks. Do not blindly chase shorts. Don't blindly chase the short position. Operation suggestion: Gold is short near 3070-75, stop loss at 3080, and look at 3055 and 3020; if it is weak, pay attention to the 3055 pressure to short!
OANDA:XAUUSDShort
by TP_Daniel1
Gold------Buy near 3012, target 3055-3084Gold market analysis: The weekly gold line hit a high and then fell back. The bulls reached a high of 3167. There was a big dive on Thursday and Friday, and the weekly line finally closed with a big tombstone. This morning, the lowest price of gold fell to 2971, and the range of ups and downs was very large. The daily line did not reflect it and directly broke all the support of the moving average, which means that the short-term top has appeared. In the later period, gold will begin to fluctuate at a high level and make a large structural adjustment. At present, the possibility of a large shock is relatively large, because this wave of sharp decline is caused by data and fundamentals. If the weekly line closes with a big negative again this week, it will bring a deep adjustment of the weekly line. I estimate that there will be a large shock and repair at the beginning of the week, and it will continue to fall in the second half of the week. Gold bottomed out and rebounded in the early trading, closing with a big positive line in 4 hours. The short-term decline met support and rebounded. We estimate that the range of the big repair in the white market is 3084-3000. You can make profits in this range. At present, catching its rhythm is the most important thing. Gold is swinging quite a lot, try to do it in a big position. Support 3000 and 3012, suppress 3055 and 3084, and the watershed of strength and weakness in the market is 3000. Fundamental analysis Last week's fundamentals were very stimulating. Trump's tariffs caused gold to plunge, and the positive non-agricultural data did not bring gold back to the buying momentum. Operational suggestions Gold------Buy near 3012, target 3055-3084
OANDA:XAUUSDLong
by BraveTigercat
Bitcoin Lost 50 SMA overnight, what next ? - still BULLISH.In a week where I am still expecting the beginnings of a bounce, we saw a Major Drop overnight. This has pushed PA below the 50 SMA that I was hoping PA would bounce off, as it had previously. So, Whats Next ? It is not as bad as it may appear but CAUTION is a Very Very good idea. There are a number of lines of support below and if we do not find any soon, 73K is the next line of Support. then down to 71K and ultimately, the long term line at 64K, though I still doubt we will get that low. But FEAR is BIG...be a Vulture..Buy the remains of people Fear...Bitcoin IS a Scarce asset and people Still want it. The Weekly MACD The MACD is now in the bounce Zone. Yes, it may drop below neutral if this "Tariff Fear" continues. But Technically, We now have the ability to bounce once sentiment turns On a slightly more bearish side is the fact that Histogram has dived deep and Red. The Bears are biting and has momentum The RSI Relative Strength Index Like the MACD, the RSI is now in an area where it has bounced in the past and yet, it can still drop further before we reach Neutral ( 30 line ) . It has to be said, the RSI is a bit behind the MACD in that it has a later date when it could reach Neutral. There is no guarantee that Neutral will hold RSI up.... Other Markets are struggling also The DXY $ has had a sustained drop but is near an area of support. I am watching this closely. Normaly, we see DXY and BTC move in opposite directions but we have seen both Recover at the same time, The lines between the teo are getting blurred. GOLD - has been doing well for some omnths However, in th elast 2 weeks, Gold has been selling off also and saw a steep drop towards the end of last week. Will be very interesting to see where this goes this week The fact that Gold was selling, shows that investors were comfortable to leave a safe haven. Lets see if that changes this weel Conclusion for BITCOIN HOLDERS This could all sound a little scary for Bitcoin and it should be taken as a HUGE Warning that we Lost the 50 SMA Support. This does open up the possibility of further drops and it may well happen We are currently heading towards major support at 73K This is an area I said we could hit a few weeks back and so I am not in a bad state of mind just yet. If we Loose 71K, I will get uncomfortable. The Lower timeframes are very much heading to OVERSOLD and so we shold get some support here and then we wait to see if Fear takes hold further. This week, we Get the FOMC minutes and then Inflation data coming out of the USA Thsi could Tip the balance either way, depending on the data For me, I am NOT Selling Just yet. I imagine many Short term holders will be and these coins will be snapped back up We wait to see how today plays out BUY THE DIP
BITSTAMP:BTCUSD
by Orriginal
1
XAU/USD(20250407) Today's AnalysisMarket news: Fed Chairman Powell: Wait for clearer news before considering adjusting policy stance. One year later, as the impact of Trump's policies becomes clearer, uncertainty should be greatly reduced. Intends to complete the entire term. Potential tariffs may have a lasting impact on inflation. The impact of tariffs on the economy may be greater than expected. Downside risks have increased, but the economy is still in good shape. Technical analysis: Today's buying and selling boundaries: 3063 Support and resistance levels: 3183 3138 3109 3017 2988 2943 Trading strategy: If the price breaks through 3017, consider buying, the first target price is 3063 If the price breaks through 2988, consider selling, the first target price is 2943
OANDA:XAUUSDShort
by BraveTigercat
Analysis of gold price trend next week!Market news: This week, the international gold price staged a "roller coaster" market. Spot gold continued to rise from Monday to Thursday, and on Thursday (April 3), it hit a record high of $3,167/ounce, but on Friday (April 4), it plummeted by more than $75 in a single day, falling to a low of $3,015, a drop of 2.44%, and finally closed at $3,038/ounce, narrowing the weekly increase to 1.2%. Precious metals such as silver and platinum fell simultaneously, among which spot silver fell by 7.2% in a single week, the worst performance since September 2020.      This sharp fluctuation stems from two key events: Trump's tariff policy has caused global concerns to heat up, and Federal Reserve Chairman Powell's unexpected turn to hawkish monetary policy. The market liquidity crisis caused investors to sell gold to make up for stock market losses, and the US dollar index strengthened by 0.9%, further suppressing international gold prices. The better-than-expected non-farm payrolls report released by the United States on Friday was another reason for the blow to gold prices. The U.S. Department of Labor reported that after seasonal adjustment, non-farm payrolls in March recorded 228,000, an increase higher than the market expectation of 135,000. Non-farm payrolls data will help the Federal Reserve postpone interest rate cuts. International gold usually performs well in a low interest rate environment. Looking ahead to next week, investors need to focus on the verification of inflation expectations by the U.S. CPI data in March (April 10), the market reaction after the tariff measures are officially implemented, and whether the speeches of Fed officials will release more policy signals. Technical Review: After a series of large negative declines, gold is currently in a short-term trend that is bearish. The daily line has a large negative downward trend, breaking the short-term moving average and piercing the middle track, leaving a lower shadow below. The pattern shows a bearish signal of Yin Bao Yang engulfing. In the short term, it may rely on the middle track support to confirm the 10ma resistance and fall again. The 4-hour Bollinger Bands open downward, and the K-line continues to decline. The trend is bearish and downward. The gold market on Thursday and Friday this week can be described as thrilling, with a rise and fall of more than 200 points in two days! The gold market has changed suddenly, and there has been an extremely violent sweep. First, it rose rapidly to 3136 without any signs, and then fell back quickly at lightning speed, and fell below the intraday low. At present, the daily gold line has risen and fallen. The sharp rise in the early trading did not continue. It was under pressure at the high of 3168 and quickly entered an adjustment, with a downward adjustment space of more than 100 US dollars. After the high-level fluctuations of gold in the past two days, gold finally broke down on Friday night. In fact, the market was too active in the past two days, and the overall volatility was large. In fact, it was still a little difficult to operate. Although the overall outlook was bearish, the rebound amplitude was not small each time. Now sometimes it rebounded by more than 20 US dollars in a few minutes, so it may appear that it will continue to fall after a just loss. Now the high level of the gold daily line is covered by dark clouds, so how to operate next week? Next week's analysis: From the overall trend, the weak pattern of gold is beyond doubt, and it is reasonable to continue to be under pressure and downward. Therefore, it is recommended to pay attention to the 3050-3054 area next week, and continue to look at the 3060-3070 area above. The support that needs to be focused on is the 3000 mark shown by the weekly 5-day moving average slightly moving down. Above it, it will rebound, and breaking it will open a new round of downward space. The gold 1-hour moving average has formed a dead cross downward, so the gold bears still have power. The short-term gold can only rebound. After the gold rebounds, it will continue to sell, and then gold will enter a shock. After the gold falls sharply from a high level, it is more advantageous to sell in the short term. Unless there is a big profit to buy, it is difficult for gold to rise directly. The last physical K-line box of gold in the 1 hour will form a short-term suppression. The gold rebound resistance is 3076. If it is under pressure, then the gold rebound will continue to sell at highs. Operation ideas: Buy short-term gold at 3013-3015, stop loss at 3004, target at 3050-3060; Sell short-term gold at 3063-3065, stop loss at 3075, target at 3020-3030; Key points: First support level: 3015, second support level: 3000, third support level: 2988 First resistance level: 3048, second resistance level: 3056, third resistance level: 3074
OANDA:XAUUSDShort
by BraveTigercat
Gold continues to fall, what will happen next week?After the gold price fluctuated sharply at the high level in the past two days, gold finally broke down on Friday. In fact, the market was too active in the past two days, and the overall volatility was very large. In fact, it was still a little difficult to trade. Although the overall outlook is bearish, the rebound amplitude is actually not small each time. Now sometimes it rebounds more than 20 US dollars in a few minutes, so it may continue to fall after a loss. Now that the gold daily high is covered by dark clouds, how should we trade next week? The gold 1-hour moving average has formed a death cross downward, so the gold shorts still have power, and the short-term gold can only rebound. After the rebound, the shorts will continue, and then the gold will enter a shock. After the high-level plunge of gold, the shorts will be more dominant in the short term. Unless there is a big positive news, it is difficult for gold to rise directly. The resistance for gold's rebound is 3076. If it is under pressure, then gold's rebound will mainly continue to be short on highs.
TVC:GOLDShort
by Fortune-signal
Gold market analysis, gold operation strategy and trend analysisGold early layout plan: intraday top and bottom capture is perfect! The strategy layout is truly presented, the strategy prompts shorting at 3135, accurately cashing in the high point, and falling sharply to 3070! Continue to arrange 3072 long positions to smoothly stop profit and exit at 3086. Gold fell by 110 yesterday and rebounded by 80. Today it fell by 30 and rebounded by 50. The volatility is too big. However, the risk comes first. Strictly set a stop loss. Loss of $5-$20 makes no difference. It is not a big loss. Secondly, grasp the key points. Pay attention to a few points of non-agricultural data and cooperate with the five-minute entry on the right side. As for long and short, it is really not very important. What is important is the key position and starting point. After multiple cycles of quantification, pay attention to a few important points at night. After the operation is in place, enter the market with the resonance of one minute and five minutes. The loss is 5-6 points, and the target is 15-20 points. Operation strategy 1: It is recommended to buy at 3018-3025, and the loss is 3005, and the target is 3035-3045
OANDA:XAUUSDLong
by TP_Daniel1
Gold prices fluctuate dramatically!Market news: On Friday (April 4) in the Asian session, spot gold fluctuated in a narrow range and is currently trading around $3112/ounce. On Thursday (April 3), international gold experienced amazing fluctuations, with a single-day fluctuation of nearly $200, and the gold price eventually closed down. In the morning, due to the safe-haven buying driven by Trump's tariff policy, the gold price once refreshed its historical high to 3167, but then the bulls took the opportunity to take profits. The London gold price once fell by more than $110 to $3054/ounce, and then received support from bargain hunting. The poor performance of the US ISM manufacturing PMI data in March and the sharp drop in US stocks also provided support for the international gold price, helping the gold price to rise above the 3100 mark! The financial market was in panic, and people speculated that inflation would soar and economic development would stagnate. Concerns about a US recession rose, and people speculated that the Federal Reserve would have to adjust its monetary policy accordingly. The dollar plummeted, and stock markets around the world also plummeted. Central banks' buying may continue to support the rise of gold prices this year. They hope to avoid the risks brought by Trump's policies, so they are looking for options other than the US dollar. The US non-farm payrolls report for March will be released today. The market expects 135,000 new jobs and the unemployment rate to remain unchanged at 4.1%. Investors need to pay close attention. In addition, Fed Chairman Powell will deliver a speech, which investors also need to pay close attention to. Technical Review: Why did the market volatility fall and rise by nearly $200 yesterday, exceeding the historical market's sharp decline and rise. Special tariffs were implemented yesterday, and then a series of policies on corresponding tariffs in various countries will be introduced. The main market players took this opportunity to carry out a large-scale wash and harvest retail investors. After the sharp drop, the stage high point appeared, and the follow-up was that both long and short positions could participate. The first plunge only established the high point position, and it was not so fast to turn short. It would fluctuate for a period of time. Generally, major news is an opportunity. The news in the early morning detonated the market, and the main players often did it with the help of news to increase shipments. Yesterday's market was really exciting. I can only say! Gold rose and fell on the daily line. The sharp rise in the early trading did not continue. It rose to 3168 and was under pressure. It quickly entered an adjustment, with a downward adjustment space of more than $100. The callback space is larger than the upward space, that is, a wide range of washing with slow rise and fast adjustment. The volatility base is large, and both long and short positions need to respond flexibly, depending on the pattern. Falling below the previous day's starting low of 3100 is a short-term empty point, and the lowest retracement was 3054. Then it pulled back to close above 3100. The daily line has a short-term local adjustment, and the short-term is temporarily oscillating widely around the 3168-3050 range. Today's analysis: Gold prices fell on a new profit-taking as traders chose to cash out before the release of the crucial US non-farm payrolls data. Given the increased risk of recession, non-farm data will help provide a clear sense of the Fed's interest rate outlook. What is coming has come. The volatility of gold is really getting bigger day by day. The fluctuation of a single day is several hundred US dollars. The decline is always faster than the rise, and it is more fierce. After breaking the 3100 watershed, it accelerated downward. The current minimum is 3054. The key position below is 3033/3054. Pay attention to the plunge and the card position. You can also participate in buying, but you must wait patiently for the position.The 1-hour moving average of gold still shows signs of turning downward, but the rise of gold in the US market has not allowed the 1-hour moving average of gold to enter the dead cross pattern. Although the gold bulls have strongly rebounded, it is also because of the retaliatory rebound stimulated by the risk-averse news. However, gold continued to fall after the high, and gold began to return to volatility. In the short term, gold is supported near 3100! If gold falls below the support near 3100 again, then the gold bears will still have more advantages in this tug-of-war. Today is the non-agricultural data again. Overall, the impact of non-agricultural data is expected to be eclipsed. More important is the stimulation of the news. However, it may be noted that if gold holds the 3100 mark for a long time, then gold is expected to fluctuate upward above 3100. If it does not fall below 3100, then it is necessary to adjust thinking in time. Operation ideas: Buy short-term gold at 3097-3100, stop loss at 3090, target at 3130-3140; Sell short-term gold at 3132-3135, stop loss at 3144, target at 3100-3090; Key points: First support level: 3100, second support level: 3078, third support level: 3054 First resistance level: 3120, second resistance level: 3135, third resistance level: 3167
OANDA:XAUUSDShort
by BraveTigercat
NF - Will gold prices continue to fall?⭐️GOLDEN INFORMATION: Gold price (XAU/USD) finds it difficult to build on Thursday’s late recovery from the $3,054 region—its lowest level in a week—and comes under renewed selling pressure during Friday’s Asian session. The metal has dipped back below the $3,100 threshold in recent trading; however, the broader market backdrop still suggests caution is warranted before anticipating any significant correction from the record high reached just a day earlier. ⭐️Personal comments NOVA: Waiting for gold price to react to decrease at trendline H1, still a downward trend, fear of trade crisis, world economy ⭐️SET UP GOLD PRICE: 🔥 SELL 3134 - 3136 SL 3141 TP1: $3125 TP2: $3110 TP3: $3090 🔥BUY GOLD zone: $3033 - $3035 SL $3028 TP1: $3045 TP2: $3060 TP3: $3075 ⭐️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
Structural analysis and operation suggestions after gold washAnalysis of gold market trend: Gold fluctuated quite a lot yesterday. It rose at the opening yesterday, rising to nearly 60 US dollars, and then fell back after being blocked at the 3167 line. However, it fell below 3100, and the lowest to the top and bottom conversion was around 3054, a drop of nearly 114 US dollars. Beyond expectations, it pulled back to 80 US dollars, and the daily line finally closed with a cross Yin line. The rapid roller coaster is too scary. The market volatility is too large, so you can only watch more and do less. If you encounter non-agricultural data, according to yesterday's trend, the market may not be so big today. After all, it has already ended yesterday. When the price fell sharply, and then there was a sharp rebound to stand firm at 3100, the market of gold yesterday was thrilling, a super roller coaster, and the difficulty of gold operation has increased a lot. However, this kind of market is rare after all. After the ups and downs of gold, it will return to normal. Although today's non-agricultural data, I personally tend to fluctuate in a large range. It is estimated that it will not break yesterday's high point or yesterday's low point. If combined with silver, gold is still oscillating and bearish. At present, it should peak in the short term, and it will choose a direction after a correction. Gold technical analysis: Therefore, gold is not as strong as before, so it is possible for gold to rise or fall in this state. Pay attention to the previous high of 3150 on the upside, and pay attention to the gains and losses of 3055 on the downside. The 4-hour cycle has cleverly entered the oscillation range. Although the market has gone out of the big drop space, the 4-hour cycle Bollinger has not opened, and the moving average system has not diverged. The effective range for the time being is within 3085/3135. Therefore, if there is no large fluctuation on Friday, you can refer to the range of the 4-hour cycle to do high-altitude and low-multiple transactions. The 1-hour moving average of gold still shows signs of turning downward, but the rise of gold in the US market has not allowed the 1-hour moving average of gold to enter the dead cross pattern, but the gold bulls are not very strong. Of course, there is also the impact of non-agricultural data. It is expected that after the big rise and fall on Thursday, the impact of Friday's data will not be great. Before the release of non-agricultural data, we should operate in the range of 3120-3066. On the whole, the short-term operation strategy of gold today is to short on rebound and long on pullback. The short-term focus on the upper side is 3120-3125 resistance, and the short-term focus on the lower side is 3054-3066 support. Friends must keep up with the rhythm. We must control the position and stop loss, set stop loss strictly, and do not resist single operation. The specific points are mainly based on real-time intraday. Welcome to experience, exchange real-time market conditions, and follow real-time orders. Gold operation strategy: Short order strategy: Strategy 1: Short gold rebound near 3120-3125, stop loss 6 points, target near 3100-3085, break to see 3065 line; Long order strategy: Strategy 2: Long gold pullback near 3070-3065, stop loss 6 points, target near 3100-3090, break to see 3110 line;
OANDA:XAUUSDShort
by TP_Daniel1
Is the golden large-scale "roller coaster" near miss?Gold took a large "V"-shaped reversal pattern on Thursday, with the highest hitting 3167 in the Asian session, and continued to fluctuate and fall in the European session. It successfully fell to the lowest 3054 before the US session and then rebounded. As of now, gold has deeply bottomed out and rebounded to 3135. It has now started the oscillation mode. Gold continues to fluctuate in the range of 3100-3135, waiting for the release of the initial jobless claims data in the US session. The data is bearish, and the shorts broke through the 3080 line. After all, the technical adjustment is almost done, and everyone can find opportunities to go long. Later, gold hit the 3054 line and rebounded quickly, and the long orders also recovered the losses. This process is full of thrills and excitement. After all, such a large bottoming rebound is relatively rare. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us! From the 4-hour analysis, pay attention to the short-term suppression of 3130-35 on the upper side, and pay attention to the short-term support around 3100-3106 on the lower side. Pay attention to the support of 3083-3087. After stabilizing above this position, continue to follow the low-long rhythm, and stick to the idea of ​​​​going long after stepping back. I will remind you of the specific operation strategy during the trading session, so pay attention to it in time. Gold operation strategy: Go long at 3105-3095
OANDA:XAUUSDLong
by TP_Daniel1
Gold has been moving big recently, don’t hold it blindly!What is coming has come, more than 100 US dollars a day, the decline is always faster than the rise, and more fierce, after breaking the 3100 watershed, it accelerated downward, the current minimum is 3054, the key position below is 3000/3040, pay attention to the plunge and the card position can also participate in the long, but must be patient to wait for the position. After the big drop, the stage high point appears, and the follow-up is that both long and short can participate. The first plunge only establishes the high point position, and it is not so fast to turn short. It will fluctuate for a period of time. Generally, major news is an opportunity. The evening news detonates the market, and the main force often uses the news to pull up shipments. If the rebound touches 3110-3120, short it.
OANDA:XAUUSDShort
by TP_Daniel1