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Gold Faces Repeated Rejections, Bearish Outlook RemainsAlthough gold has yet to confirm a significant downtrend, it has faced multiple rejections around the 3030-3040 resistance zone in recent sessions. Notably, after touching 3036 yesterday, gold experienced a sharp pullback, forming a long upper shadow on the candlestick chart. This price action has diminished the supportive effect of the underlying W-bottom structure. If gold continues to struggle to break above the 3030-3040 zone, the current seemingly strong price action may prove to be a false signal, merely a setup for a subsequent decline. Additionally, with geopolitical risks easing and no significant fundamental drivers supporting further upside, I remain optimistic about a bearish continuation in gold. We can consider scaling into short positions within the 3028-3038 range, patiently targeting a retest of the 3010-3000 zone. A confirmed break below 3000 could accelerate further downside toward the 2995-2985 region. I would make more detailed trading plans and trading signals every day according to the real-time market situation, which is also the testimony of every successful transaction and profit of mine; the article has a certain lag, if you want to copy the trading signals to make a profit, or master independent trading skills and thinking, you can choose to join the channel at the bottom of the article
OANDA:XAUUSDShort
by Trader_Marvin
Gold is expected to rise to the 3030-3040 zone againGold encountered a clear rejection signal after reaching around 3036, indicating the presence of resistance and a technical need to retest support. Currently, gold is undergoing this support retest. Within the current structure, gold has established a notable W-bottom pattern, with key support formed around the 3000 and 3003 levels. This structural support remains relatively strong. If gold manages to hold above the 3015-3005 support zone during the retest, a renewed upward move is likely. In that scenario, gold could resume its ascent, potentially retesting the 3030-3040 resistance range. So in terms of short-term trading, if gold pulls back to the 3015-3005 zone, we can consider going long on gold in moderation.I would make more detailed trading plans and trading signals every day according to the real-time market situation, which is also the testimony of every successful transaction and profit of mine; the article has a certain lag, if you want to copy the trading signals to make a profit, or master independent trading skills and thinking, you can choose to join the channel at the bottom of the article
OANDA:XAUUSDLong
by Trader_Marvin
Bearish Bias Under Head and Shoulders Formation📍Gold is currently leaning towards a bearish trend under the pressure of a well-defined head and shoulders pattern. Therefore, our primary trading approach remains focused on short positions. 📍In the short term, the key resistance to watch is in the 3030-3040 zone. However, it's worth noting that on Friday, gold quickly recovered most of its losses after testing the 3000 level, indicating the presence of strong buying interest and solid support below. 📍From a trading perspective, there is still an opportunity to capture profits from potential technical rebounds. The main support levels to monitor are: 📌3010-3000 as the initial support zone 📌2995 as the secondary support level 🔎Trade Idea: 1. Xauusd: Sell at 3035-3045 TP:3020-3010 SL:Adjust according to risk tolerance. 📎But if gold shows signs of holding support, a short-term rebound could provide opportunities for counter-trend trades. 2. Xauusd: Buy at 3015-3005 TP:3025-3035 SL:Adjust according to risk tolerance. 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
The bear is coming soon, TP: 2965-2955Bros, bears are about to see the dawn! Gold is fiercely fighting for control in the 2985-3000 zone. Although the winner has not been completely decided, the balance of victory is tilting towards the bears! As gold stands above the 3000 mark, the upper space is relatively compressed, and the liquidity is getting lower and lower. Gold needs to retreat to increase liquidity! Judging from the candle chart, gold stood above 3000 twice and then quickly fell back, forming two obvious upper shadow lines, indicating that the bull market is not completely convincing, and it is very likely that a double-top structure will be technically constructed to further stimulate the decline of gold! At present, gold has not been able to effectively fall below 2880. In addition to having a certain support structure, it is more likely to be a bull market trap! So in the next short-term trading, I do not recommend continuing to chase gold. You can use the 3005-3015 zone as resistance and boldly short gold! Then wait patiently for gold to fall back to the 2965-2955 zone. Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
Successfully gained long profits and started shorting goldBros, I mentioned very clearly yesterday that gold would only touch the lowest area of ​​2880-2870 during the decline. As I expected, gold rebounded again after touching 2880. Yesterday, I insisted on absorbing as many cheap chips as possible during the gold correction. Today's gold rebound has brought us extremely rich profits. If you have been paying attention to my trading strategies, I believe you have made exponential profits in gold trading. At present, gold continues to rebound and touches around 2915, but the overall rebound is not strong, and the upper 2920-2930 area constitutes strong resistance in the short term. According to the current rebound potential of gold, it is difficult for gold to easily break through the resistance in this area, and gold may still retest the area around 2900 after encountering resistance. So in terms of short-term trading, we can try to short gold in the 2915-2925 area. Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
The golden counterattack is coming!As expected, gold rebounded with the support of 2880-2870 area, and has now rebounded to above 2893. Don't worry for now, gold still has room to rise. Don't be anxious for now, gold still has room to continue to rise. We insisted on buying gold on dips yesterday and have accumulated a lot of cheap chips. Now it seems to be a wise choice. I clearly pointed out yesterday that the decline of gold this time is only to cooperate with the recent low of 2830 and successfully build a "W" double bottom structure. After confirming the support and building the "W" double bottom structure successfully, gold will continue to rise. Through the candle chart, we can clearly see that in the process of seeking support this time, gold just fell back to the 50% retracement level (50% retracement level from 2830 to 2930). At present, gold has confirmed the support and successfully built the "W" double bottom structure, which will support the rise of gold and provide good conditions for gold to break through the resistance near 2930 above, and even hope to try to hit the previous high near 2955. Bros, I am glad that we are holding a lot of cheap chips now. These will be the chips that will bring us huge profits. Let us hold them together.Did you join me in taking the opportunity and going long gold?Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDLong
by Trader_Marvin
First short gold, then long goldBros, driven by risk aversion, gold has risen rapidly to above 2920, breaking through the recent consolidation range of 2895-2885. However, due to the promotion of news, the continuity of gold's rise may not be strong. We must be careful of the trend of falling after rising, so we cannot aggressively chase long gold in short-term trading; After consolidating in the past two days, gold has risen through the stimulation of news and got rid of the bottom area, and the rising structure is relatively complete. Then gold may try to rush into the upper 2930 resistance area again with the support of the rising structure, or even near the previous high of 2956. So in the next transaction, we can wait for gold to fall back to the 2900-2890 zone and try to go long on gold; Of course, for now, before gold falls back to 2900-2890, we can safely short gold again in the 2915-2925 zone; after gold falls back to 2900-2890, we will go long on gold.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDLong
by Trader_Marvin
Unwavering belief in short sellingBrothers, I have already shorted gold according to the trading plan. Do you have the courage to short gold with me? At present, the volatility of gold is converging and maintaining a narrow range of fluctuations near 2890, but it is obvious that the rebound of gold is insufficient to support the continuation of the rebound and breakthrough of gold. Therefore, after consuming a certain degree of bullish power, the bears will regain control of the situation. And I also have the following reasons to believe that gold will retest the 2875-2865 area again. 1. The upward breakthrough of gold is insufficient, and it needs to retreat to increase liquidity and attract more bulls to enter the market; 2. After the sharp drop in gold, there is no strong structural support for gold to continue to rise at the technical level, and the bottom support is not reliable; 3. Gold hesitated in the key resistance level area, which consumed the bullish momentum to a certain extent. Gold needs to retreat to accumulate more momentum. So based on the above three points, I am still confident in my short position, and I believe that my short position will definitely bring me satisfactory returns.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
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Short GoldDear Traders, Currently, gold reached a high of around 2932 but quickly retraced and failed to establish support above 2930, indicating strong resistance from the bulls. Given the current momentum conditions, the bullish momentum is insufficient to support a sustained breakout to the upside. This suggests that after the price push higher, the market has become more cautious and is not blindly chasing long positions in gold. On the other hand, as gold's volatility contracts, there is a need for a pullback to enhance market liquidity. Gold may therefore retrace and potentially test the 2910-2900 support zone again. For short-term trading, I will continue to focus on small-scale short positions on gold.Bros, do you have the courage to short gold with 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
Stick to shorting goldDear Traders, As I clearly mentioned in my previous post, we could short gold in the 2920-2930 resistance zone, and as expected, gold retraced to the target zone I anticipated: 2910-2900. Our short position thus yielded a significant profit. Currently, gold has bounced off the 2910-2900 support zone and has moved back up to around 2920. However, gold has been repeatedly rejected near 2920 and has not broken higher, confirming that the 2920-2930 zone is providing effective resistance. From a technical perspective, if gold forms a triple top pattern at this level, it could likely experience another downward correction and retest the 2910-2900 support zone. Therefore, for short-term trading, we can continue to short gold at the 2920-2930 resistance zone.Bros, do you have the courage to short gold with 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
NFP, continue to buy goldDear traders， Gold is currently trading around the 2865 level. To be honest, there are no clear signs of a market top at this stage, which indicates that gold still has upside potential. From a technical perspective, as long as gold holds above the 2850-2840 support zone (yesterday’s low), it retains the potential to continue its rally toward the 2900 level. However, with the upcoming NFP release, market uncertainty will increase. Even if the data supports further gold appreciation, the sustainability of the move remains uncertain. Additionally, after a prolonged rally, gold may require a corrective pullback for price consolidation. Therefore, it is crucial to lock in profits in a timely manner and avoid excessive greed or unnecessary risk-taking. From a trading perspective, long positions can be considered around the 2860-2850 support zone.Bros, do you have the courage to join me in continuing to be long 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:XAUUSDLong
by Trader_Marvin
Stick to shorting goldAs mentioned in my previous analysis, although gold remains in a clear uptrend, the signs of a short squeeze are increasingly evident. Therefore, in short-term trading, we should refrain from chasing long positions at this stage. If gold fails to decisively break through the 2760–2765 resistance zone, a significant corrective move could occur at any time, which is why my current focus remains on shorting gold. From the current price structure, we can observe a pattern where gold rallies by $60–65 following each confirmed bullish signal, only to retrace by $40 thereafter. Since the last confirmed bullish signal, gold has already advanced $62, indicating a high probability of a $40 correction based on this historical pattern. This means gold could retrace to test the 2740–2730 support range or even approach the 2720 level during this phase of consolidation. This is precisely why I prefer shorting gold in the current scenario. As my trading plan, I initiated a short position near the 2760 level and continue to hold it. Let’s aim to capitalize on this opportunity and secure profits from the downside ahead of most market participants. Here's to a promising outcome! 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
Buy gold on dips, the rise may extend to 2680-2690Bros, as outlined in the trading strategy shared in my previous article, we went long on gold near the 2640 level. Subsequently, gold rallied as anticipated, hitting my target zone of 2655-2660. We manually closed our long positions around 2659, securing an easy profit of nearly 200 pips—a highly effective trading strategy! In the short term, gold reached a high of around 2664 during its upward movement. However, due to the impact of PMI data, gold experienced a sharp pullback and is now trading back near the 2642 level. Despite this data-driven decline, I do not recommend chasing liquidity by shorting gold. The bullish structure remains intact, as evidenced by multiple pullbacks that failed to disrupt the uptrend. Moreover, strong buying interest at lower levels continues to support gold, which still has potential for further upside. I anticipate that this round of upward movement may at least test the 2670-2675 zone, with the possibility of extending to 2680-2690. For the upcoming trades, our primary strategy remains to buy on dips. Key support levels are concentrated in the 2630-2640 range.Bros, are you optimistic about the continued rise 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:XAUUSDLong
by Trader_Marvin
Buy gold, target: 2655-2660Although gold briefly dropped to the 2615 level yesterday, it quickly rebounded, indicating strong buying interest below. Many investors have been gradually accumulating positions during the pullback, which underscores gold's strong resistance to further declines. Additionally, gold has recently shown a tendency for sudden and unpredictable price swings, eliminating a significant portion of positions through repeated shakeouts.This is why I often mention locking profits in time in recent transactions. In short-term trading, I remain bullish on gold. Therefore, I suggest patiently waiting for a pullback and using the 2640-2630 zone as support to gradually build long positions in gold. Bros, do you believe gold will extend its rebound? If you’re interested in learning more detailed trading strategies and receiving additional trade signals, you can join the channel linked at the bottom of the article. Let’s make trading easier and turn profit-making into an enjoyable journey!
OANDA:XAUUSDLong
by Trader_Marvin
Gold is rising, there is still a chance to short gold!Bros, just like the trading strategy in my previous article, we accurately captured the trading opportunity of shorting gold near 2646 and long gold near 2636. I made over $10K in profit on two trades,which is a great trading strategy! My original plan was to close the long position near 2650, and then go long gold again after gold faced resistance near 2655 and fell back to the 2645-2640 zone. However, at present, gold has not given us the opportunity to go long gold. According to the current structure of gold, gold may continue to rise to the 2670-2680 zone, but now we cannot directly chase long gold, so we do not have a good entry price for the time being. Then my short-term trading plan is as follows: 1. If gold falls back to the 2650-2640 zone, I will consider going long on gold again; 2. If gold does not fall back and continues to rise, then when gold reaches the 2670-2680 zone, I will try to go short on gold; The above is my short-term trading execution plan.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:XAUUSDLong
by Trader_Marvin
Boldly short goldBros, gold has shown a strong rebound within the lower timeframes, surging from 2605 to 2615. While the momentum of the rebound appears strong, it has failed to break through the resistance zone of 2618-2625. This suggests that gold may be depleting bullish momentum within the short-term cycle through accelerated upward movements. From a technical perspective, this could also be a potential bull trap, enticing traders to go long on gold. Therefore, avoid chasing gold during this rebound. As I mentioned in my previous article, you can use the 2618-2625 area as resistance and start shorting gold above 2615. Just now, gold rebounded above 2615, giving us a second opportunity to short gold. Once gold consumes the bullish momentum to a certain extent, it will retest the 2600-2590 zone again, or even 2580 level. Let’s wait and see how this plays out! Bros, have you joined me in shorting gold? If you want to learn more detailed trading strategies and receive additional trade signals, you can join the channel linked at the bottom of the article. Let’s make trading easier and turn profits into a source of enjoyment!
OANDA:XAUUSDShort
by Trader_Marvin
Buy gold with support as defenseBros, the trading journey for the new week starts from this moment. Gold has gradually pulled back after reaching around 2638 and is currently testing the 2614 level. If the volatility of gold continues to narrow, I believe gold will find support once again in the 2610-2605 region and could potentially rebound back towards the 2620-2630 range. Therefore, in the short term, as long as gold remains above the 2610-2605 support zone, there is a good chance it will rebound again. So, for short-term trading, we can still consider going long on gold. Bros, are you optimistic about the rebound 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:XAUUSDLong
by Trader_Marvin
Buy gold, TP: 2640-2650Bros, the gold market is affected by the holiday, and the volatility today is not big, but it has clearly shown resistance to decline. Moreover, gold has risen continuously on the daily level and broke through the highest point of the previous day, which shows an effective breakthrough to a certain extent. Therefore, in short-term trading today, long gold is the main choice. However, since gold has not yet escaped the range of shocks, we cannot be too aggressive in trading. We must wait for gold to fall back before going long on gold, or wait for gold to break upward and then go long on gold. Then, first pay attention to the support area of ​​2620-2615 below; observe the breakthrough of the area of ​​2630-2635 above. Bros, are you as bullish 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:XAUUSDLong
by Trader_Marvin
Go ahead and try shorting gold!Bros, due to the renewed tension in the geopolitical situation and the surge in risk aversion in the market, gold has risen sharply in the short term, and the current highest has reached around 2618. However, the continuity of the gold market, which has risen due to news stimulation, remains to be seen! And from the chart, although gold has risen strongly, it still faces resistance in the 2720-2725 area in the short term. This is the last line of defense in the bear market, so it is not easy for gold to continue to break through. If gold fails to successfully cross this resistance area, then after consuming the bullish momentum to a certain extent, gold may retreat again and retest the 2700-2695 area. So in terms of short-term trading, I will still not give up shorting gold. I will still try to add positions to continue shorting gold based on the 2720-2725 resistance area! Do you think gold will pull back? 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