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Goldsell

Gold rebounds weakly, US market ideas for reference! 📌 Driving factors As Sino-US trade tensions ease, market concerns about a global recession ease, investors' risk appetite rises, and gold's attractiveness as a safe-haven asset declines, gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening gold's safe-haven appeal in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large-scale selling! 📊Commentary Analysis After gold fell below 3200 in the US market, it rebounded to 3198 at its highest. This rebound was just an oversold rebound, and then continued to fall back. Although it has not refreshed the low for the time being, the pattern has weakened, and it is difficult to get up again in the early morning. Weak shorts can't even get past 3198, and the short-term support below is around 3160. The daily cycle is constructed based on the M-head pattern. 3200 is the long defensive position. If it fails to close, there will be a fall. The technical side has already experienced a major break. Pay attention to the change of thinking. If the adjustment range is large, it may even reach 2900/3000. It rises fast and falls fast, but the long-term logic of gold's rise remains unchanged. It is also an opportunity to lay out more positions, but the position needs to follow the market observation, which is difficult to predict at present. 💰Strategy Package In the short term, we will rely on 3198 for defensive short selling. After breaking 3200, please note that even if it rebounds, we should follow the trend and short. If it rebounds upward, we should short at the golden section resistance of 3265. Good luck to everyone! Labaron believes that Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning income is a stage medal, and long-term stable and continuous profit is the only certificate to finally stand up from the sea of ​​corpses and blood.
OANDA:XAUUSDShort
by Labaron
1
Short-Term Outlook: Gold Slumps After Breaking Key Support📉 Short-Term Trend Analysis – XAU/USD - Gold (XAU/USD) is under heavy selling pressure after decisively breaking below the key support level at $3,200, marking a significant shift in short-term momentum. - The $3,176 zone, which marks the April 11 low, now serves as a crucial technical support. A clear break below this level could open the door for a deeper drop toward the next key support around $3,140. If the $3,176 level fails to hold and bearish momentum continues, the market is likely to push lower toward the $3,140 support zone. 📰 Fundamental Drivers Behind the Decline No major news has been released today, but the market continues to be weighed down by: - Ongoing U.S.-China trade tensions, which remain unresolved. - U.S. CPI data for April came in weaker than expected, causing investors to adjust interest rate expectations and favoring short-term downside for gold. 🔮 Short-Term Technical Scenario After breaching the $3,200 support level, gold is expected to consolidate briefly in the $3,176–$3,190 range before potentially resuming its downtrend. 💡 Short-Term XAU/USD Trade Setups 🔻 SELL Entry Zone: 3193 – 3190 Take Profit: 3188 – 3185 Stop Loss: 3198 🔺 BUY Entry Zone: 3179 – 3176 Take Profit: 3184 – 3181 Stop Loss: 3171 📌 Note: In the current market environment, short-term strategies are preferred. Apply strict risk management as volatility may increase due to geopolitical headlines or technical retracements. Closely monitor price action around $3,176 — a confirmed break below this level could accelerate the move toward $3,140.
OANDA:XAUUSDShort
by Mian-FXSignals
Gold's consolidation is over and bears will break 3200!Gold market analysis: Short-term gold has entered a repair period. The previous tariff negotiations led to a sharp drop in gold. It has now fallen to around 3200 and is stuck. The shape and indicators show that 3200 is a super support. This position is greatly beneficial for selling on the weekly and daily lines. Yesterday, the daily cross star, the overall trend is still empty, the short-term repair range is 3265-3220. If you want to grasp the trend trading, sell at a high price and arrange the selling order. Lao Gu believes that the possibility of continuing to fall after the shock is over is greater, and it will break 3200 later. The daily moving average indicator is also broken. The gold fluctuation rhythm is very large, that is, a technical rebound and repair are basically dozens of points. It is most important for us to grasp the rhythm in operation. Today's idea can rely on the upper edge pressure of the shock to sell. If the Asian session rebounds around 3256 first, consider selling it first. There are opportunities for buying and selling in the volatile market. What we need is patience and waiting. In addition, the daily moving average begins to rush down, and selling begins to move. If it breaks 3200, we will consider selling. We must learn to follow the recent market. We rarely follow it before, because the recent gold will not turn back when it falls or rises, and the speed of buying and selling is also very fast. It is very important to control the rhythm. Support 3220, 3207, strong support 3200, pressure 3244, 3256, 3265, the watershed of strength and weakness of the market is 3230. Operation suggestion Gold-----short around 3256, target 3150-3200
OANDA:XAUUSDShort
by Toml1314
XAUUSD | UNPRESIDENTED GOLD RALLY : Where to Next?GOLD has been trading extremely bullish over the past year, with high volume indicating lots of interest and movement in this commodity's market: Is this where we should be getting worried? Rapid surges in gold prices have historically been followed by sharp corrections as markets adjust. Three key examples illustrate this; 🧨 the 1980 spike to $850 due to global instability, followed by a 65% drop; 🧨 the 2011 peak near $1,900 driven by economic anxieties, leading to a 40% decline by 2015; 🧨and the 2020 high above $2,075 amid pandemic fears and stimulus, which subsequently settled into a lower range. Noticing how gold has been trading in a parabolic curve, first corrections are likely to be down the curve (as it has been, historically): Across past gold peaks ( 1980, 2011, and 2020) and recent record highs, markets share four core similarities: 🎈elevated inflationary expectations, 🎈low or negative real interest‐rate environments, 🎈heightened geopolitical and trade‐war tensions, 🎈aggressive central‐bank and ETF buying. Today’s gold rally mirrors these patterns, driven by persistent inflation concerns and renewed safe‑haven demand amid Middle East conflicts and Ukraine risk. Aggressive central‑bank and ETF purchases have also replicated past behavior. Emerging‑market central banks have accelerated gold reserves diversification since 2022, just as they did after the 2008 crisis and the Euro‑debt peak in 2011. Historically, swift peaks have been followed by multi‑year corrections as external conditions normalize. After January 1980’s peak, gold fell by two‑thirds over two years; following 2011’s high, it dropped 40% by 2013. If inflation cools or central banks signal genuine rate normalization, this rally may likewise give way to a sustained consolidation or correction. Did the BBC just signal the peak?? Recently the BBC warned that while current trade‑war and market volatility parallels past booms, overreliance on gold alone risks miss-timing the eventual downturn when macro fears realize. Therefore, if the curve breaks, it's likely the beginning of the hard correction. __________________________ OANDA:XAUUSD
OANDA:XAUUSDShort
by Crypto-Check-
Gold May Drop Further Below the $3,200 Level in the Short TermGold (XAU/USD) faces the risk of a deeper decline if the following factors continue to develop unfavorably for the precious metal: 📌 1. Continued Improvement in US-China Relations • The joint statement between the US and China has eased trade tensions. • If both sides announce more concrete agreements or actions (such as tariff reductions or market access), safe-haven demand may weaken significantly, leading to gold sell-offs. 📌 2. Sustained Strength in the US Dollar • The USD is strengthening on expectations that the Fed will maintain higher interest rates for longer. • Capital continues to flow into the USD rather than gold, especially as US bond yields rise. 📌 3. Lack of Supportive News for Gold • Geopolitical risk factors have temporarily subsided. • Inflationary pressure is no longer strong enough to support gold prices as before. 📉 Key Support Levels Ahead If gold breaks below the $3,200 level, the next potential support zones include: • $3,185 – a recent short-term low (if applicable) • $3,160 – $3,170 – a technical support confluence zone • $3,140 – a strong psychological support level, and a potential target if a sell-off intensifies ⚠️ Recommendation • If gold decisively breaks below $3,200 with rising volume and continued positive developments in US-China trade, the downtrend could accelerate. • Traders should monitor the $3,195–$3,200 range closely to assess whether to expand short positions.
OANDA:XAUUSDShort
by Mian-FXSignals
Gold Sees Technical Rebound, But Downtrend Remains IntactGold has seen a modest rebound from its lowest level in over a week, driven by dip-buying interest. However, the overall downtrend remains intact as risk appetite increases across markets, following a temporary trade and tariff agreement between the U.S. and China. This progress has reduced demand for gold as a safe-haven asset. In addition, if the U.S. continues to release more positive updates on bilateral trade relations, downward pressure on gold is likely to persist — especially amid a stronger U.S. Dollar. As such, current rebounds are likely to be technical in nature, and investors should exercise caution with long positions. 🔮 Expected Short-Term Scenario Gold (XAU/USD) may continue a technical recovery around the $3,275–$3,280 zone due to bottom-fishing activity. However, without a clear breakout, the broader trend remains bearish, driven by: • Increasing risk-on sentiment • Continued USD strength 🧭 Suggested Trading Strategy • Short-term Sell in the zone: $3,275 – $3,280 • Short-term Buy in the zone: $3,205 – $3,210 • Always use tight stop-losses to mitigate risk from news-driven volatility. 💡 Short-Term Trade Setup 🔻 SELL XAU/USD at: $3,275 – $3,280 • 🎯 TP1: $3,265 • 🎯 TP2: $3,255 • 🚨 SL: $3,300 🔺 BUY XAU/USD at: $3,205 – $3,210 • 🎯 TP1: $3,215 • 🎯 TP2: $3,225 • 🚨 SL: $3,195
OANDA:XAUUSDShort
by Mian-FXSignals
Gold 3200 Life and Death Battle!Gold stabilized after touching the support of the 3193-3202 rising trend line. Although the US market rebounded, it did not form an effective breakthrough. In the short term, it is still dominated by shorts. Short-term strategy: Before 3200 is broken, you can go long on dips. If it falls below, stop the loss decisively, and use a small stop loss to game the potential bull reversal. Whether the 3250 pressure is broken or not determines the short-term direction
TVC:GOLD
by MabelLew
XAUUSD Price Outlook – Bearish Setup in Play ??Asset Overview The chart represents a price action analysis with support and resistance zones, along with EMA indicators (50 and 200), likely on a 4H or 1H timeframe. Key Technical Levels Resistance Zone: ~3,400 to 3,450 First Support Zone: ~3,230 to 3,250 Second Support Zone: ~3,090 to 3,130 Indicators EMA 50 (Red): Currently around 3,340, acting as dynamic resistance. EMA 200 (Blue): Positioned near 3,232, reinforcing the first support zone. Price Action Insight Price had a strong uptrend, peaking above 3,440 before pulling back. A lower high may be forming, suggesting possible trend exhaustion. The current bounce appears to be a retracement back toward resistance or EMA 50. Projected Move (As Illustrated on Chart) Short-term bullish move into the resistance zone (~3,400–3,450). Failure to break above resistance leads to sharp rejection. Price retraces to first support zone (aligned with EMA 200). If support fails, deeper drop expected toward the lower support zone (~3,100). Strategic Notes 📉 Bearish Bias if price fails to break above resistance. 🔍 Watch for bearish candlestick patterns or divergences near resistance. 🛡️ First support aligns with EMA 200, making it a critical level for bulls to defend. 🔻 Breakdown below 3,230 opens room for larger correction to 3,100–3,090. Conclusion Currently, the chart suggests a potential short opportunity if price confirms rejection at resistance. The EMA cross structure remains bullish long-term, but momentum is weakening, and failure to reclaim highs could shift sentiment bearish in the short to mid-term.
OANDA:XAUUSDShort
by MrStellanSight
3
Gold is trading sideways, can the bearish trend continue?🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: The trading strategy given today, if brothers have reference and follow the trading strategy to participate in long orders, I think you should all have good gains on hand. At present, gold is in consolidation, the 4H moving average is in a short position, and the MACD dead cross continues to increase, so the short-term short momentum still exists. From a technical point of view, in the downward trend from last week's high of 3347 to the current low of 3207, 3260 is at a key position. Therefore, we pay attention to the possibility of gold rebounding to 3260 in the evening. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
Gold’s 3200 mark is the key!Due to the ceasefire between India and Pakistan and the easing of the Sino-US trade war, gold opened directly and fell below 3280 and 3260 successively, so the decline of gold will continue. From the gold hourly chart, the focus below is on the 3200 integer mark. If it falls below 3200 and cannot effectively stabilize, then gold will have a big double top here, and the next decline will extend to around the 3000 integer mark. On the contrary, if the 3200 mark is not broken, then the bulls will fight back, at least they will fill the gap again So in terms of operation, it is not recommended to chase the short now. If you want to go long on gold, you can wait for it to fall back to the 3200-3210 area and stabilize before buying
TVC:GOLDShort
by MabelLew
Focus on shorting opportunities near 3250 in the US market 📌 Gold drivers After two days of trade talks in Switzerland, the United States and China announced "substantial progress", marking a possible turning point in efforts to ease tensions between the world's two largest economies. Chinese Vice Premier He Lifeng called the talks an "important first step" toward stabilizing bilateral trade, and U.S. Treasury Secretary Scott Bessant expressed the same view, noting that the talks had made meaningful progress. The United States is expected to release more details on the results of the negotiations on Monday. As the United States and China announced an agreement to cut reciprocal tariffs, the dollar strengthened, weakening the appeal of gold as a safe-haven asset. Spot gold fell 3% on Monday to a low of more than a week, hitting a low of $3,208 during the day, the lowest level since May 1, and the day's decline had reached $100. At the same time, the U.S. dollar index rose by more than 1%, making gold more expensive for holders of other currencies. 📊Comment Analysis Gold still has room to go down, and the strength of gold bears is still there. Gold rebounded twice in the US market and fell back under pressure near 3250. 💰Strategy Package At present, the US market still has a demand for a pullback, and the long position near 3220 can now be closed for profit. For the US market, we should first look at the area around 3250. After the pullback is in place, continue to play short orders to look at the target position of 3200. If it breaks upward, find a new point layout. This week's data market and news will have a further impact on gold. For real-time layout of accurate trading signals, please follow the free channel. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
1
(XAU/USD) Bearish Trade Setup – Targeting $3,222 with 1:6 Risk/REntry Point: Around 3,409.33 - 3,408.41 USD. Stop Loss: 3,437.87 USD. Target (Take Profit): 3,222.53 USD. Risk/Reward Ratio: Approximately 1:6, which is favorable. 📉 Price Action & Trend Analysis: A rising wedge (or channel) appears to have formed and broken to the downside — a bearish signal. The current price at 3,341.47 has broken below a minor support zone (highlighted in purple), indicating bearish momentum. Price is now approaching the 200 EMA, which is acting as potential dynamic support. 📌 Key Levels Highlighted: Support Zones: Near 3,347.47 (previous minor support) and 3,222.53 (main target zone). Resistance Zones: At the entry level and above, near 3,437.87 (Stop Loss zone). 🔄 Indicators: Moving Averages (Red and Blue Lines): Shorter-term moving average (red) is below the longer-term (blue), indicating downward pressure. Momentum Shift: The sharp drop suggests a likely continuation of the bearish trend.
CAPITALCOM:GOLDShort
by EA_GOLD_MAN_COPY_TRADE
31
How to layout gold as Sino-US trade eases🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: Affected by the easing of Sino-US economic and trade relations, coupled with the fact that the Russian-Ukrainian negotiations are on the right track and India and Pakistan have suspended firing, the risk aversion sentiment in the gold market has eased, and the gold price has fallen sharply since the opening today. At present, the 3200 line has formed an important short-term support. If the support effect is strong at this point, the gold price may rebound further; if it falls below this key support, it will accelerate the opening of downward space. The upper 3250-3260 is the previous intensive trading area, which will pose a certain pressure in the short term. At the top of the European market, focus on the resistance range of 3250-3260, and at the bottom, the support range is 3210-3200. 🎁BUY 3200-3210 🎁TP 3250-3260 🎁 SELL 3260-3270 🎁 TP 3250-3230 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
The golden earthquake storm is coming!In terms of news: Major events over the weekend include the conflict between Russia and Ukraine, the sudden change in the situation between India and Pakistan, and the progress of Sino-US negotiations: Although India and Pakistan announced a truce, India's surprise attack turned the agreement into a joke. The high-level economic and trade talks between China and the United States are still continuing in Geneva, and it is difficult to have clear results in the short term. The war between Russia and Ukraine is still in a stalemate. The superposition of multiple events has injected uncertainty into the market. Technical aspects: Pay attention to the pressure in the 3360-3380 area. If it stands firm at 3346, it can fall back to arrange long orders. If it directly breaks below 3300 at the opening, pay attention to the support near 3280 - this position is likely to be lost, and effective support depends on the downward pattern formed after the 3260 break, and the ultimate target is 3200.
TVC:GOLD
by MabelLew
Rebound or reversal? Analysis of gold trend on Monday🗞News side: 1. The India-Pakistan conflict escalates again 2. The progress of China-US negotiations 📈Technical aspects: On Friday, we judged that the gold price trend may form a "head and shoulders bottom" pattern. Technically, the key support level below is still focused on the 3270 line, while the 3450 level above constitutes a significant double-top structure resistance level. At the daily level, the recent K-line combination has completed a deep retracement from the 3500 mark with two long negative lines, directly breaking through the important support platform. The K-line on the current day continues to adjust with a shadow line, and the oscillating rhythm of alternating yin and yang is in line with the characteristics of technical corrections. At the beginning of the week, it is recommended to maintain the operation idea of ​​high altitude, low and long 1.🎁BUY 3320-3325, SL 3312, TP 3360-3380 2.🎁SELL 3355-3360, SL 3368, TP 3320-3300 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
EURUSD price analysis week 20🌐Fundamental Analysis USD gains ground: Thanks to the hawkish tone of the US Federal Reserve (Fed) and the announcement of the UK-US trade deal, the USD strengthened against other currencies, dragging the EUR/USD pair lower in the US session on Thursday. US Monetary Policy Outlook: The FedWatch tool shows only a 17% chance of the Fed cutting interest rates in June, leaving the USD with room to rise if the Fed maintains a cautious stance. Euro Outlook Weakens: ECB officials signaled a clear interest rate cut in June, as slowing growth and easing inflationary pressures limit the Euro's upside potential. 🕯Technical Analysis EURUSD has established a downtrend after breaking through a key technical support zone around 1.12900. Key support to watch is around 1.1100 and the next zone is the weekly support zone of 1.1000. During the week, if there is any sign of price increase above 1.129 creating a False break pattern, we will pay attention to the peak area of ​​1.036 for the SELL strategy. 📈📉Trading Signals SELL EURUSD 1.03600-1.03800 SL 1.04100 BUY EURUSD 1.11100-1.10900 SL 1.10600 BUY EURUSD 1.10000-1.09800 SL 1.09500
by TVS-Trader
H4 frame accumulation 2 trend lines✍️ NOVA hello everyone, Let's comment on gold price next week from 05/12/2025 - 05/16/2025 🔥 World situation: Gold prices advanced over 1% on Friday, rebounding as the US Dollar (USD) softened following a two-day winning streak, pressured by declining US Treasury yields. Renewed risk-off sentiment, fueled by persistent geopolitical tensions, bolstered demand for the safe-haven metal. At the time of writing, XAU/USD is trading near $3,338. US equity markets slipped as investors adopted a cautious stance ahead of Saturday’s high-stakes meeting between US and Chinese delegations in Switzerland. While hopes for a de-escalation in trade tensions remain elevated, uncertainty continues to dominate sentiment. Adding to the volatility, US President Donald Trump reignited trade concerns by stating on social media, “80% Tariff on China seems right! Up to Scott B.” 🔥 Identify: Gold prices slow down, starting to accumulate more. Trade negotiations will appear more, putting selling pressure on gold prices in the near future. 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $3402, $3435 Support : $3282, $3203 🔥 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 - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
2
View on the short-term trend of gold!📌Fundamentals: Gold prices fell sharply. After Trump announced a "breakthrough" trade deal with the UK, market expectations for more similar deals increased, weakening gold's appeal as a safe-haven asset. 📊Technological aspects: Gold quickly fell in the Asian session and then quickly stretched back up. As of now, it has stood above 3320. So the possibility of gold falling again is relatively small. And there is a possibility that gold will further hit Thursday's high of 3360-70. If 3202 to 3435 is regarded as wave a, then 3438 to today's low of 3275 is wave b. So the current rebound from 3275 will go up in wave c. The first suppression position above is 3360-70, the high point of yesterday's rebound. At present, gold has stabilized above 3320, so the next bullish target for gold is to test 3360-70. After the pressure appears, follow the trend and go short.
OANDA:XAUUSDLong
by TP_Daniel5
GOLD Possible bearish movesGOLD Weekly Outlook – Waiting for a Clean Entry My focus this week on gold is based around the recent mitigation of the 3H supply zone. It was a clean setup, but unfortunately I didn’t get tapped in — and with it being late Friday, I decided to wait for a better entry, potentially on Monday. As bullish pressure begins to weaken, I’m also keeping an eye on the 4H supply zone above, which could offer a stronger bearish reaction and a better opportunity to sell. On the flip side, for any potential bullish continuation, I can see price sweeping the liquidity sitting below and then reacting from the 5H demand zone I’ve marked out. That area could provide the base for a re-accumulation and another move to the upside. Confluences for GOLD Sells: - Clear bearish reaction from the 3H supply zone with a completed Wyckoff distribution - Liquidity to the downside remains untapped - Weakening bullish momentum opens room for a possible sell-off - DXY is showing short-term bullish strength, supporting a bearish bias on gold P.S. If price reverses and takes out the current supply zone, I’ll be watching the next 4H supply zone for further reaction — but in the meantime, I’ll adapt by monitoring for a closer demand zone setup. Have a great trading week ahead and stay sharp, traders!
OANDA:XAUUSDShort
by Hassan_fx
Gold head and shoulders bottom trend, bull market strong?🗞News side: 1. Tariffs push up inflation and slow down the economy, and the Federal Reserve may be in trouble 2. The situation between India and Pakistan escalates again 📈Technical aspects: At the hourly level, today's Asian session continued the "wash-out" operation characteristics, quickly rising by 20 US dollars at the opening, and then stepped back to 3310 to confirm the top and bottom conversion support level. The two positive lines seemed to form a "yang-enclosing-yin" upward attack pattern, but suddenly reversed, not only breaking the trend support line of 3280, but also falling to 3274 before bottoming out and rebounding. This erratic trend has a significant long-short double kill effect for investors accustomed to trend continuation strategies. However, we can accurately find the right position in the market to trade and make profits. At present, it is expected to form a "head and shoulders bottom" pattern from a morphological perspective, accumulating momentum for subsequent rises, and there is still room for upside in the short term. At present, any pullback is an opportunity for us to go long. Pay attention to the 3360-3370 line suppression on the top. If this resistance area is broken, it may open up a new round of upward space. TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSD
by AllenBoswell
2
Gold is in shock again, will the short position continue?🗞News side: 1. Tariffs push up inflation and slow down the economy, and the Federal Reserve may be in trouble 2. The situation between India and Pakistan escalates again 📈Technical aspects: Gold experienced a big plunge yesterday, and today it bottomed out near 3275 again and then started to rebound. The current gold price is caught in a wide range of fluctuations, with long and short positions frequently alternating to impact the market, making it difficult to form a unilateral trend. At present, the gold price once rebounded to around 3330. If the gold price breaks through the 3336 line, short-term trading in the European market may touch the upper level near 3350, or even the 3365 line. Today's market cannot chase the rise and sell the fall. Overall, it is still a wide range of fluctuations. It should be a violent roller coaster before the subsequent surge. The European session relies on the low point of 3310 to step back as a defense, focusing on the upper 3350-3360, and further close the key resistance of 3370. The short-term focus below is the support of 3280-3290. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell