GOLD Price Analysis: Key Insights for Next Week Trading DecisionIn this video, I break down the key forces pushing gold to record highs. Learn how factors such as US-China trade tensions, global inflation pressures, and geopolitical uncertainty—combined with a weakening US Dollar and safe-haven demand—are reshaping the gold market.
In this quick analysis, we cover:
🔹 Inflation & Economic Uncertainty: How rising prices and central bank policies continue to drive interest in gold.
🔹 Trade Tensions & Geopolitical Risks: The impact of US-China disputes and global instability on market sentiment.
🔹 US Dollar Weakness: Why a softer USD is making gold a more attractive asset for international investors.
🔹 Technical Insights: Pinpointing key price levels and exploring potential trend continuations or reversals ahead of US retail sales data.
Disclaimer:
Forex and other market trading involve high risk and may not be for everyone. This content is educational only—not financial advice. Constantly assess your situation and consult a professional before investing. Past performance doesn’t guarantee future results.
#GoldMarketAnalysis #Inflation #TradeTensions #GeopoliticalRisks #TechnicalAnalysis #GoldTrading
Xauusdanalysis
XAU/USD Weekly Outlook Liquidity Grab Before Next Move📌 XAU/USD Weekly Outlook: Range-Bound Behavior Hints at Potential Liquidity Grab Before Next Move 💰📊
Gold (XAU/USD) is currently consolidating within a broad 30-point price channel between 3,216 and 3,246. Price action shows clear indecision, as bulls and bears wrestle for control without confirmation of a breakout or breakdown.
While the overall trend remains bullish, momentum has softened compared to last week. Technical indicators are signaling overbought conditions, and a deeper liquidity sweep is becoming increasingly probable. Traders should remain patient and watch for clearer signals during the upcoming European session.
🔍 Market Structure Highlights
Upside Barriers: 3,246 (ATH), 3,255, 3,268, 3,285, 3,302
Downside Supports: 3,216, 3,195, 3,172, 3,152, 3,120
📈 Trade Opportunity Zones
Potential Long Setup:
Buy Zone: 3,172 – 3,170
Stop Loss: 3,166
ls: 3,176 | 3,180 | 3,184 | 3,188 | 3,192 | 3,196 | 3,200
Potential Short Setup:
Sell Zone: 3,268 – 3,270
Stop Loss: 3,274
Target Levels: 3,264 | 3,260 | 3,256 | 3,252 | 3,248 | 3,244 | 3,240
🧭 Weekly Strategy Insight
With no significant economic data on the calendar this week, price movements will likely be driven by intraday liquidity and order flow. Focus should be placed on the London and New York sessions, where volume tends to peak and directional bias becomes more evident.
Current market behavior suggests that a fake-out or liquidity trap could develop before the next significant move. Traders are advised to avoid chasing price and instead wait for optimal entries at key zones.
⚠️ Risk Reminder
Even in the absence of major news, volatility remains elevated. Always execute trades with a solid risk plan and predefined TP/SL levels. Protect your capital first — the opportunities will come with patience and discipline. 🛡️
#XAUUSD: Last Four Analysis Helped US Gain Over 4000+ Pips!Next?Our previous four analysis has yielded a substantial gain of over 4,000 pips. Analysing the current market situation, we anticipate that the price may either experience a significant drop or continue its upward trajectory.
Should a resolution be achieved between the trade tariffs imposed by China and the United States, we anticipate a substantial decline in gold prices. Conversely, if the situation remains unchanged, which is the more probable outcome at present, we will have two potential trading opportunities.
The first entry involves the assumption that the price will remain unchanged and continue its upward trend. The second entry is contingent upon a correction in the price.
We extend our best wishes and express our gratitude for your unwavering support throughout our endeavours. We sincerely hope that this analysis will serve as a valuable guide for your own trading endeavours.
Much Love
Team Setupsfx_
Will gold rise or fall today?At the hourly gold line level, there were some negative news over the weekend. Today's opening gapped down to 3209, which was also the starting point of last Friday. Since the previous period was a strong trend, it is easy to fill the gap if it opens low first. It can continue to test the key channel upper track in the chart. Finally, it is in line with the prediction that 3245 will be in place as expected. Here, it is suggested to suppress and then look for a decline. Pay attention to the support above 3200 for buying on dips. The channel counter-pressure point moves up to 3247-3250. If it still cannot be suppressed here, it will fall back on highs and treat it as a high-level consolidation. If 3200 cannot be maintained, pay attention to the stabilization of the support near the daily average line of 3180-3150.
Gold signal, 200% profit in one weekGold hit the highest point of 3245 at the opening today and then began to fall back. This is what we have been saying that gold is going to start to fluctuate and adjust. Now it depends on whether gold starts to adjust by exchanging space for time or time for space. However, no matter which method is used, gold must patiently wait for the opportunity to fall back. The hourly moving average of gold is still in a bullish arrangement with a golden cross upward. Now the price is gradually approaching the moving average. If gold uses time to exchange space for adjustment, then gold will continue to resist falling at a high level. Then gold may start to exert strong strength in the European and American markets. At that time, just continue to follow the trend and buy more.
Judging from the current gold trend, today we still focus on the short-term suppression of 3245-3250, and the short-term support of 3200-3206, with a focus on the support of 3188-90. Don't chase the current high position. The daily level reversal and negative closing may occur at any time.
Gold operation strategy:
If gold falls back to 3200-06 and does not break, you can buy more. If it falls back to 3188-90, you can add more positions, stop loss at 3178, target 3248-3250, and continue to hold if it breaks;
Gold price hits new high, 3216 as the dividing lineGold prices rose strongly by nearly $276 in three trading days, and broke through historical highs one after another. There is no highest, only higher.
There are many similar points in the rise, which can be summarized into five points. The first is the continued rise in the early trading and breaking through the new high. The second is the 0.382 position of the space adjustment and the same amplitude switching of the space. The third is the wandering back and forth sweep of the European session. The fourth is the flash of good points. The fifth is to learn to stop when you are ahead.
Combining these five points to look at the market situation, the gold price continues to rise. Last Friday, it closed directly at the high of 3237-3238 area.
Today The price opened lower in the morning and touched 3210, and hit a new high of 3245.6. But this time it was different. After the high, it fell back. The rise was 30 US dollars, and the high fell back 25 US dollars. Basically, the rise was as much as the fall. In the afternoon, the resistance of 3238 was confirmed for the second time, and it fell 22 US dollars again to find 3216, which was basically recovered.
The overall trend will be more adjusted. The cooperation between the high fall and the bottom recovery will provide momentum for the start of a new round of market.
Specifically, the key points to note are:
1. The correction range of the market space is at least 30 US dollars, and the start is at least 60 US dollars. Instead of focusing on the high and low issues, we should grasp the present.
2. The daily and weekly lines are rising strongly, and the indicators and patterns are overloaded. At present, only the direction is referenced; the four-hour pattern opening situation, the lifeline position is slightly far away, 3154 is close to the support point 3151 area that was stepped back late at night, and together they become the spatial dividing line. The resistance above is 3270-3275 and 3299.
3. The hourly chart pattern closed and flattened. Today's white market has been running back and forth around the upper and lower rails. The current pattern further closed the range of 3242-3216. Break through this space and then look at the space switch, and then cooperate with the small cycle double-line upper rail position 3194 area. If the price breaks the early low of 3210, it will switch space downward.
4. As shown in the figure, the price last week accelerated the rise and broke through 3190, and last Friday, it repeatedly broke through the new high around 3210, first the new high of 3238 (looking for 3210), then the new high of 3245 (looking for 3210), and then the new high of 3245.6
Now the price is down to 3216, which is also the starting point of the Asian session
Using 3216 as the switching point, the current sweeping space is about 30 US dollars, and the subsequent price breakthrough will switch the space of 30 US dollars
Focus on 3276-3278 upwards and 3186-3188 downwards
And it is very interesting that the 0.382 position of the latest wave of rise is also at 3187-3188
So, here we need to focus on the key points , with 3246-3216 as the range sweep, breaking through and switching to 30 US dollars, focusing on the support of the 3186-3188 area, and then looking at the upward switching space
In addition, it is necessary to remember that the online position is the 3131-3129 area, the top and bottom conversion position, and it is also a strong resistance level that turns into a strong support level after breaking through. After breaking through, it directly rises unilaterally
In summary, for gold at the beginning of the week, we treat it with a biased adjustment and sweeping idea. Referring to this idea, we have deployed high altitude twice in the 3236-3238 area. As of press time, the price fell to 3216, and all short orders were closed at 3217, waiting for the next plan. Now the price has risen again to 3230, and it continues to sweep, rushing high and falling, bottoming out and rising, which is in line with the above-mentioned biased sweeping and adjustment method.
Gold falls under pressureGold rebounded from the bottom last week, and the entire increase from 2957 to 3245 was as high as 288 US dollars. It took only three trading days. The strong V reversal went up as it went down. At present, gold has successfully stood on the 3200 mark. Can it continue to rise this week? Is there any hope for 3500?
At present, whether it is from the daily or weekly lines, they are all big Yang closings, which all show the strong rise of gold. From the big trend, there is no doubt that the bullish direction. Especially for the current political and economic situation, but it is necessary to pay attention to the process of rising, which is also accompanied by a correction or deep retracement, just like the last wave of plunge.
At present, gold is mainly affected by tariff policies, which pushes gold prices to continue to rise. Now that the tariffs have been increased to 125%, adding more is just a number game with no practical significance. There is no more to add. The next step is to return to the negotiation table, which is just a matter of time. Once such a vent is revealed in the future, gold will dive from the high platform. This is a news risk point that needs to be paid attention to. There are risks in chasing high prices, and trading needs to be cautious.
The daily line rose nearly 300 US dollars in three consecutive days. This kind of rapid rise and fall will not last too long. It is easy to turn to negative correction or cross sideways in a cycle of three to four days. Therefore, I think the probability of a sharp rise in gold at the beginning of this week is not high, and we should be careful of the market that rises and falls.
Today, gold rose and fell as expected over the weekend. It just didn't break the high. Gold opened low at 3220 and rose successfully. Our 3220 long orders successfully stopped profit at 3235-3240; European session 3234 light position short, 3237 increase short position, 3218 reduce position, stop profit at 3209; long and short turnover all won. For gold, there is a possibility of continued downward exploration, focusing on the 3227-3230 pressure line short, the watershed 3238, and the support below is the 3200 mark-3187 line.
Bullish momentum is strong, keep an eye on key positions
📌 Driving events
On Monday (April 14), spot gold fell slightly during the day, hitting a record high of $3,245.42/ounce earlier before falling back. Despite a small adjustment during the day, the price of gold remained above the key mark of $3,200/ounce, indicating that the overall market sentiment is still cautiously optimistic. The main factors driving this round of market conditions include uncertainty in the global trade environment, a weaker dollar, and continued warming of safe-haven demand. During the session, investors' reactions to the latest tariff remarks increased gold price volatility, but fundamental and technical support remained solid, and the strong pattern of gold did not show any significant shakes.
📊 Commentary and analysis
From a technical perspective, the trend of spot gold continued its recent strong pattern. On the daily level, gold prices have continued to run along the rising channel since breaking through $3,000/ounce. Although there was a small correction during the day, the overall bullish trend was not damaged. The current price is firmly above $3,200/ounce, which has become a key psychological and support level in the short term. If the gold price can continue to hold this area, bulls may further challenge $3,250/ounce or even higher.
On the hourly chart, after the gold price surged to $3,245.42/ounce in the morning, it was suppressed by short-term profit-taking and showed signs of decline.
However, from a longer-term perspective, the upward slope of gold prices since the end of last year has remained stable, and there has been no significant retracement after breaking through key resistance levels many times, reflecting the resilience of the bulls. Analysts pointed out that the support of $3,200/ounce is strong. If the subsequent price can hold this level, the bulls may exert their strength again in the next few days.
💰Strategy package
Upper pressure - 3260-3280
Lower support - 3210-3200
Start time 3220-30 Continue to go long
Take profit 3240
Stop loss 3210
⭐️Note: Labaron hopes that traders can properly manage their capital
- Choose the number of lots that matches your capital
- Take profit equals 4-7% of the capital account
- Stop loss equals 1-3% of the capital account
Gold Ideas for 14th of April📊 Market Structure Overview
Trend Analysis: Price has reached premium levels, suggesting a potential for short-term pullbacks within the broader bullish trend.
Key Levels: Monitoring for breaks below 3025 to signal a shift in macro bias.
🔑 Key Technical Zones & Confluences
Premium Sell Zone: 3248–3268, characterized by unmitigated order blocks and potential liquidity traps.
Internal Demand Zone: Around 3180, aligning with trendline support and Fibonacci retracement levels.
Strong FVG & Order Block: 3137–3145, indicating a significant area of interest for potential reversals.
📝 Plan of Action
🔻 Sell Scenario 1
Entry: 3242 – 3248
Stop Loss: 3255
Take Profits: TP1: 3215 | TP2: 3188 | TP3: 3160
Rationale: Anticipating rejection from fresh M15 order block with liquidity sweep above 3242. RSI divergence noted as additional confluence; confirmation required on M5.
🔻 Sell Scenario 2
Entry: 3260 – 3268
Stop Loss: 3275
Take Profits: TP1: 3235 | TP2: 3200 | TP3: 3165
Rationale: Targeting final premium order block with unmitigated H1 zone and imbalance. Ideal for NY session traps; look for bearish engulfing patterns.
🟢 Buy Scenario 1
Entry: 3180 – 3172
Stop Loss: 3165
Take Profits: TP1: 3205 | TP2: 3230 | TP3: 3250
Rationale: Confluence of trendline and M30 order block with internal structure support. Requires bullish price action and CHoCH on M5 for confirmation.
🟢 Buy Scenario 2
Entry: 3137 – 3142
Stop Loss: 3129
Take Profits: TP1: 3180 | TP2: 3205 | TP3: 3240
Rationale: Major imbalance and H1 order block with RSI confluence. Look for bullish engulfing or aggressive CHoCH on lower time frames.
📌 Key Zones Recap
Premium Sell Zone: 3248–3268
Internal Demand Zone: 3180
Strong FVG & OB: 3137–3145
Critical Support: 3025 (break indicates macro bias shift)
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
📣 If this strategy sparked clarity, hit that like button and follow our community for more in-depth ideas. 💛
XAUUSD buy zone in 1h break of structureLast 3 days of past week XAUUSD had a strong uptrend with bullish momentum. From 1h perspective we have seen price had a bounce, and there is no significant break of structure on the lower timeframe, which means, as with the new market open, any break of structure is an opportunity to go long. Expecting to test the previous swing low is a zone where we can look for for potential entry to ride the trend.
Will wait for price action confirmation on market opening.
XAUUSD Probable BUY 13/04/2025🧠 Technical Analysis – XAUUSD
📊 Chart Overview:
The market is currently consolidating near 3237, within a range-bound structure.
Two major zones are marked for potential entries:
Zone 1 (Near-Term Buy): 3217–3221 (support zone)
Zone 2 (Sniper Buy): 3173–3177 (gape/demand/strong support zone)
📈 Scenario 1 – Bullish Continuation from 3217/21:
If price pulls back to 3217–3221 and shows bullish confirmation (e.g., bullish engulfing, rejection wick), a buy setup can be triggered targeting:
TP1: 3237 (intraday resistance)
TP2: 3245 (supply/previous high)
Stop Loss (SL): Below 3210 for safe protection.
📉 Scenario 2 – Deep Rejection & Buy from 3173/77:
In case of a deeper retracement, price may wick down to 3173–3177, which is a high-probability sniper buy zone due to:
Previous strong bullish reaction from this level
Clean structure for liquidity grab
Entry here gives excellent risk-reward targeting the same levels:
TP1: 3219
TP2: 3245
SL: Below 3156 (wide but optimal for structure).
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Gold Dips From PRZ – Will Supports Hold for New ATH?Gold ( OANDA:XAUUSD ) started to correct again from the Potential Reversal Zone(PRZ) and near the Resistance lines . The question is, can Gold create a new All-Time High(ATH) again?
In terms of Elliott waves , Gold appears to be completing a main wave 4 . This main wave 4 is likely to complete near the Support lines and Support zone($3,168-$3,133) .
I expect Gold to either rise again after breaking the Resistance zone($3,220-$3,211) or near the Support zone($3,168-$3,133) and Support lines .
Do you think Gold can create a new All-Time High(ATH) again?
Note: If Gold breaks the Support zone($3,168-$3,133), we should expect a further correction from Gold.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Choose the right time to enter the market and wait for a reboundFrom the current trend of gold, we still focus on the short-term suppression of 3245-3250 today, and the short-term support of 3200-3206 below, with a focus on the support of 3188-90. Don't chase long at the current high position. The daily level reversal and negative closing may occur at any time.
Gold operation strategy:
If gold falls back to 3200-06 and does not break, you can buy more. If it falls back to 3188-90, you can buy more. Stop loss is 3178. The target is 3248-3250. If it breaks, continue to hold.
3270, waiting for new ATH gold price⭐️GOLDEN INFORMATION:
Gold prices eased during Monday's Asian session as risk sentiment improved, prompting a shift away from safe-haven assets. The upbeat market tone followed Wall Street’s strong rebound on Friday and encouraging developments in the ongoing US–China tariff dispute, temporarily reducing upward pressure on the yellow metal.
Last week, China retaliated against the US’s 145% tariff hike by imposing 125% duties on American goods but later signaled it would not respond to any additional escalations. Over the weekend, President Donald Trump floated the idea of targeting Chinese semiconductors and electronics with a separate 20% tariff—indicating a possible shift in strategy from across-the-board tariffs to more focused trade measures.
⭐️Personal comments NOVA:
Gold price, buying volume maintained, continuing the upward trend: 3260, 3270
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3270- 3272 SL 3277
TP1: $3260
TP2: $3250
TP3: $3240
🔥BUY GOLD zone: $3168 - $3166 SL $3161
TP1: $3175
TP2: $3190
TP3: $3200
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY 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
XAUUSD Technical Analysis Update
🔹 Timeframes Observed: H1, M30, and M15
Gold (XAUUSD) has officially broken the trendline on all three lower timeframes — 1 Hour, 30 Minutes, and 15 Minutes — indicating a clear shift in market structure towards the downside.
🔹 Key Support Level:
The next critical confirmation of bearish continuation will occur if price breaks below the $3116 support zone. A clean break and retest of this level can serve as strong validation for further downside movement.
🔹 Target Zones:
If the bearish momentum sustains, price may head towards the following levels:
🎯 Target 1: $3195
🎯 Target 2: $3172
🎯 Target 3: $3132
🔹 Stop Loss:
To manage risk effectively, a recommended stop loss is placed at $3250. This helps protect against unexpected price spikes or false breakouts.
🔹 EMA Confluence:
The 21 EMA on the M30 timeframe has been broken, adding another layer of confirmation to the bearish bias. This EMA break often signals a shift in short- to mid-term trend direction.
⚠️ Important Note on Fundamentals:
While technicals currently show a bearish setup, it's essential to monitor fundamental drivers closely — including economic news releases, central bank statements, tariffs, and geopolitical events — as any significant development can invalidate technical patterns and shift market sentiment instantly.
Gold remains in extremely strong condition!Judging from the current trend, after the small range of gold fluctuations, the second wave of rise has started. The bulls' upward attack is extremely sharp. There is little callback in the entire upward action. Straight upward attack, strong continuous positive, weak continuous negative are the most basic pattern rules. In this round of upward attack, continuous positive closing, the bull market is interpreted to the extreme. In the absence of large negative continuous negative, continue to maintain the low-multiple thinking. The gold four-hour line is also a terrifying level of bulls, all of which are large positive lines, and they are bald positive lines, that is, the positive lines of large positive lines. The K line is always high and advancing all the way. The moving average is also obviously running upward. The 3167 line is a more obvious support. The integer level of 3200 is still a strong support, and 3200 continues to be more. Investment strategy: more than 3200 gold, stop loss 3190, target 3300!
Gold retreats to support level! Bulls remain strongOn the hourly chart, after the gold price surged to $3245.42/oz in the morning, it was suppressed by short-term profit-taking and showed signs of decline. The relative strength index (RSI) shows that the market is at risk of overbought in the short term, but it has not reached an extreme level, indicating that the pullback is more of a technical adjustment rather than a trend reversal. In terms of the moving average system, the 5-day moving average and the 10-day moving average continue to maintain a golden cross state, indicating that short-term momentum is still bullish.
Investment strategy: Gold more than 3200, stop loss 3190, target 3266
Gold fluctuates at high levels and is under pressure to adjust!Gold gapped down and opened low, bottomed out and rebounded without breaking the 3245 line. Today's trend is biased towards decline and adjustment. Intraday trading can be kept high and low! The upper 3245 suppression retracement is expected to gamble the small double top suppression deep retracement, and the lower support is first maintained near the morning retracement low point 3210. This first determines the strength of the European session. Only after breaking can we continue to chase the short position. If gold rebounds to 3240-43 during the day, we can short it. Today, we will focus on the previous high-altitude suppression. Pay attention to whether it can effectively stabilize at 3200-3190 below. If it stabilizes, we will continue to look at the integer 3300 mark. The bulls are still strong overall, but the intraday volatility of gold is large. If the position ratio is not done well, both long and short positions are easily damaged. Therefore, the recent trading is mainly to lock the area and position control ratio, strictly stop loss in the short term during the day, and do not hold positions and carry orders overnight!
On the whole, today's short-term operation of gold suggests that callbacks should be the main focus, and rebound shorts should be supplemented. The top short-term focus is on the first-line resistance of 3240-3245, and the bottom short-term focus is on the first-line support of 3210-3187.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3240-3243, stop loss 6 points, target around 3210-3200, and look at 3190 if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3187-3190, stop loss 6 points, target around 3215-3235, and look at 3245 if it breaks;
Gold's safe haven retreats!Suspending some tariff policies, market risk aversion has subsided; intraday prices hit a high point and fell back under pressure from the parallel high point of 3245, now at 3200; 1H chart structure weakened, continued bearish, target 3167 parallel attack and defense; short-term resistance 3204-3210, strong resistance 3216-3220; short-term support 3186, strong support 3176;
In terms of operation, we wait for the trend to weaken before giving a short at 3126, and effectively stop profit at 3206;
Strategy 1: Sell near 3204, protect 3214, target 3168;
Gold (XAUUSD) 30-Min Chart – Bearish Setup Overview🟡 **Asset**: Gold (XAUUSD)
**Timeframe**: 30-Minute Chart
**Published**: April 15, 2025
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📉 **Setup Type**: Bearish Reversal – Head and Shoulders Pattern
This chart illustrates a classic **Head and Shoulders** pattern, suggesting a potential reversal from bullish to bearish momentum.
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### 🔍 **Key Zones & Labels**:
- **BOS (Break of Structure)**: Confirms initial bullish strength, but the structure break hints at a possible trend shift.
- **L.S (Left Shoulder)**: Marks the first peak before the head formation.
- **R.S (Right Shoulder)**: Indicates a lower high, a potential sell zone.
- **Support Zone**: Clearly defined area around 3188, acting as the potential **target** for the short setup.
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📌 **Trade Plan**:
- **Entry Limit**: 3235–3237 (within the right shoulder resistance zone)
- **Stop Loss (SL)**: 3240 (just above the resistance zone to protect against a false breakout)
- **Target**: 3188 (aligned with previous structure support)
---
### ⚖️ **Risk-Reward Outlook**:
This setup offers a favorable **risk-to-reward ratio**, aiming for a move from the entry zone to the support area, assuming resistance holds.
Gold: Directional Break ImminentYesterday’s market remained calm without any significant swings, unlike the strong movements we’ve seen previously. Today, however, appears to be a critical turning point as the market prepares for a directional breakout.
📊 Technical Overview:
Gold is showing signs of retesting the resistance around 3240, while short-term support lies at 3194–3188. If this resistance holds and the price fails to break above, a double-top pattern may form—potentially triggering a major drop between Wednesday and Thursday.
If the price breaks above 3240, there may be around $30 of additional upside, but this is likely to mark the formation of a short-term top, followed again by a decline.
🎯 Key Bearish Target Zones: 3137-3106
Whether it breaks upward or downward, a bearish opportunity is building. Stay patient, follow the price action, and avoid emotional decisions to catch the move at the right moment.
Gold fluctuates and adjusts at a high level!Gold opened lower and bottomed out and rebounded without breaking the 3245 line. Today's trend tends to fall back and adjust. Intraday trading can be kept high and low! Today, we will focus on the previous high-altitude suppression. Below, we will focus on whether it can effectively stabilize at 3200-3190. If it stabilizes, we will continue to look at the integer 3300 mark for long positions. The overall bulls are still strong, but gold fluctuates greatly during the day. If the position ratio is not done well, both long and short positions are easily damaged. Therefore, in recent transactions, we mainly focus on the area and position control ratio, and strictly stop losses in the short term during the day. On the whole, today's short-term operation strategy for gold is mainly to do more on pullbacks and short on rebounds. The short-term focus on the upper resistance of 3240-3245 is 3240-3245, and the short-term focus on the lower support of 3210-3187 is 3210-3187.
Short order strategy: Short in batches near the rebound of 3240-3243, stop loss of 6 points, target near 3210-3200, break to see the 3190 line;
Long order strategy: Long in batches near the pullback of 3187-3190, stop loss of 6 points, target near 3215-3235, break to see the 3245 line;