GOLD - where is current support? holds or not??#GOLD. market bouced back from weekly and daily supporting area and now market jutst broke his current supporting area that is around 3337-38
keep close holding of that area mean we can expect further bounce.
NOTE: below 3337-38 we will go for cut n reverse on confirmation.
Xauusdanalysis
Tariff threat. Gold prices rose sharply?Information summary:
Gold prices climbed in the short term during trading after Trump threatened to impose new tariffs on the European Union, as this increased market uncertainty and increased demand for safe-haven assets. Trump said in a post on Truth Social that he suggested a 50% tariff on the European Union starting June 1, and complained that trade negotiations were stalled.
After the news came out, gold prices rose rapidly, breaking the $3,345 resistance level, but did not stabilize above the $3,365 resistance level I predicted in the morning; it reached a high of around $3,360 and then fell back slightly.
I think the short-term gains have been too large, and if there is a rapid adjustment, the amplitude will also be large.
Technical analysis:
From the 4-hour chart, gold prices continue to trade above all moving averages, and the 20-day moving average has broken through the 100-day and 200-day period moving averages. At present, indicators show that the upward momentum is not very strong.
If the price breaks through the 3365 resistance level strongly, it may hit the cycle high of around 3380.
Because of the weekend, if the resistance level fails to be broken strongly, the price may adjust in the range of 3360-3330 US dollars, and a new trend needs to be found.
Trump triggers risk aversion, how to position gold?🗞News side:
1. Trump plans to impose a 50% tariff on the EU
2. Houthi armed forces strike Israel again
3. Pay attention to the impact of the US dollar trend on gold
📈Technical aspects:
Trump is "crazy?" He suggested to impose a 50% tariff on the EU directly from June 1, and threatened to impose a 25% tariff on iPhones not produced locally. This news caused the euro, European stocks, and iPhone stock prices to plummet. At present, the gold price is consolidating between 3350 and 3360. For the US market, it is necessary to prevent a wash, but the short-term increase has been too large. If there is a rapid adjustment, the amplitude will also be large. Therefore, the US market is stuck in the range operation. Pay attention to the support of 3335-3325 below. If it continues to rise, pay attention to the resistance range of 3375-3385.
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
Gold fell back at night and continued to riseGold rose and fell, and stopped falling at the middle track again, indicating that the middle track can be used as a watershed in this cycle. If it runs above it, the volatility will be strong. In addition, the 618 division position 3317-18 line broke through again and stood above it. The short-term 5-day moving average support is 3315. Therefore, the 3315-3318 range is the first retracement to confirm the support point. If it stabilizes, it will further attack and point to the 786 division resistance 3370 line. Once the previous high of 3345 is broken, the corresponding MACD will enter a top divergence state. If it is further pulled up in the later period, we must be careful to prevent a high and fall. At the hourly gold line level, the US market was under pressure at 3315 overnight, with support at 3280-90, and repeated bottom shocks and consolidation. This morning, it was still running back and forth under the suppression of the middle track 3305, but the lows gradually moved up. Finally, under the continued weakness of the US dollar, the gold price finally stood on the middle track, and the direct positive strong force reached 3330. From overnight to this morning, it has been bullish and finally waited for a big profit. Then after the 3315 resistance is broken and stabilized, it will naturally become the top and bottom support. The 10-day moving average will move up and approach 3320, maintaining resistance to declines and still tending to further rise. Pay attention to the 3320-3315 support to stabilize and continue the bullish trend. The resistance target is 3370-3380; if it is unexpectedly effectively lost, pay attention to 3340.
Gold Retests Broken Resistance – Is the PRZ Next?As I expected in the previous IDEA , Gold ( OANDA:XAUUSD ) managed to break the Resistance zone($3,280-$3,245) and touched the first target .
Gold appears to be completing a pullback to the Resistance zone($3,280-$3,245) .
On my chart , the Resistance zone($3,280-$3,245) is currently labeled Support zone($3,280-$3,245) .
I expect Gold to move towards the Potential Reversal Zone(PRZ) and Resistance lines after the pullback is completed .
Note: If Gold touches $3,243 , we should expect a drop.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
3330 is in stalemate 3335 is the key to long and short positions🗞News side:
1. PMI and initial jobless claims data
2. Geopolitical situation
3. Progress of the G7 meeting
📈Technical aspects:
Currently, the gold price is caught in a fierce battle between bulls and bears at the 3330 level. From a technical point of view, gold is still in the weekly level adjustment and no clear unilateral trend has emerged. Recently, there has been frequent changes in long and short positions, and the rise and fall of prices depends on the impact of news on the market. Even if gold experiences a correction at present, it is likely to be only a small range. Therefore, in the short term, attention should be paid to the resistance line of 3330-3335. If it breaks through, it is expected to look towards yesterday's high of 3345. If it encounters resistance and pressure at 3330-3335, it may retreat to 3310-3300 in the short term for correction. The upper strong pressure is still at 3350-3360, and the lower support of 3300-3290 is still strong. There is no good entry trading opportunity at present, so brothers should wait patiently.
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
gold on sell#XAUUSD is trying to correct back above week high 3345 but unfortunately it's need a breakout above the today high to continue.
Below the 3322 breakout shows a strong fall on which target till 3286, stop loss 3331.
Above the 3335 shows a bullish range which will reach 3344, around 3344 will either decline and head sell or reach the 3367 limit. Below 3312 shows another bearish continuation but multiple breakout will decide.
Gold top profit signalsThe market fluctuated upward all the way on Friday, opening at 3295, hitting the lowest point of 3287 and bottoming out. So far, it has hit the highest point of 3334 and then fluctuated at 3330. The recent market fluctuations are relatively large, and they are completely within our expectations. Yesterday, on Thursday, we gave a short position at 3340-45, and the actual market was directly short at 3341, long at 3380-85, and long at 3390-93. The long position target is 3300-06. Judging from the current trend, gold may still have high points. It is only a matter of time before the 3334 line breaks through. From the perspective of the operation trend, we continue to focus on buying on pullbacks
From the 4-hour market analysis, the upper focus is on yesterday's high pressure of 3345, and the lower support is 3286-90. For the time being, we will rely on this range to maintain the main tone of low-long participation. In the middle position, we will watch more and do less and be cautious in chasing orders.
Gold rebounds to 3286-3295 line and goes long, stop loss 3277, target 3326-3330 line, break to 3340-45 line;
Gold rebounds to 3340-45 line but does not break, you can go short lightly, stop loss 3353, target 3300-3306 line, continue to hold if break
GOLD ( XAUUSD ) Selling Trade IdeaHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold 100% Profit SignalThe market fluctuated upward all the way on Friday, opening at 3295, hitting the lowest point of 3287 and bottoming out. So far, it has hit the highest point of 3334 and then fluctuated at 3330. The recent market fluctuations are relatively large, and they are completely within our expectations. Yesterday, on Thursday, we gave a short position at 3340-45, and the actual market was directly short at 3341, long at 3380-85, and long at 3390-93. The long position target is 3300-06. Judging from the current trend, gold may still have high points. It is only a matter of time before the 3334 line breaks through. From the perspective of the operation trend, we continue to focus on buying on pullbacks
From the 4-hour market analysis, the upper focus is on yesterday's high pressure of 3345, and the lower support is 3286-90. For the time being, we will rely on this range to maintain the main tone of low-long participation. In the middle position, we will watch more and do less and be cautious in chasing orders.
Gold rebounds to 3286-3295 line and goes long, stop loss 3277, target 3326-3330 line, break to 3340-45 line;
Gold rebounds to 3340-45 line but does not break, you can go short lightly, stop loss 3353, target 3300-3306 line, continue to hold if break
Gold rose as expectedFrom a technical perspective, the daily line closed negative yesterday. After a series of positive lines, it generally means correction. After the negative line, it continues to rise. The closing line on Thursday is still above the middle track. The 5-day moving average crosses the 10-day moving average and adheres to the middle track at 3285. The 10-day moving average moves up to around 3253. The next wave of rise may go to the daily Bollinger upper track suppression point near 3400, so there is still a good space for the rise. In the 4-hour level, gold broke through the upper track yesterday and then stepped back, confirming the middle track support. At present, the Bollinger band is open, the moving average is still in a long position, and the cyclicality is still strong. The intraday support point is also the key point of strength and weakness at 3280. The short-term support is at the previous high of 3293. There are many intraday support levels for declines, and the upper 3315-3340-3365-3380-3400 is gradually looking up.
Will gold continue to rise? Be alert on Friday.On Thursday, the US dollar rebounded after three consecutive days of decline and once returned to above the 100 mark, but failed to stand firm here. It is still maintaining at the 100 mark for consolidation. Due to the strengthening of the US dollar, gold began to retreat after hitting a high of 3345 yesterday, and once lost the 3300 US dollar mark, with the lowest reaching around 3280.
First of all, from the current 4-hour chart of gold:
In the Asian session, the lowest gold touched around 3290, and then rebounded. As of now, the highest reached around 3330. At present, 3310 should be a relatively important support position for gold. If it can be maintained above 3310, then gold may continue to rise. It can also be seen from the figure that once it continues to rise, 3345 is likely to be refreshed, and the highest should be around 3360.
From the 1-hour chart:
3280-3330 range, around 3310 is exactly the current 618 position. Therefore, if gold cannot pull back below 3310 again, it is highly likely that it will continue to reach a new high.
Secondly, as time goes by, the early low of 3290 can no longer be touched, and the current support is already near 3300. That is to say, it cannot fall below 3300 again. Once it falls below 3300, gold will refresh the low of 3280 and continue to fall.
Operation strategy:
If it can retreat to 3310 and stabilize, then we will go long at 3310.
On the contrary, if it falls below 3310, then we will focus on 3300. Once it falls below 3300, the trend will go down.
Then you can short at 3290-3300, and the profit range is around the early intensive trading area of 3260-3250.
Gold Gearing Up for a Breakout – Bullish Setup on the 4H ChartI'm currently bullish on Gold (XAU/USD) in the short to medium term, based on the 4-hour chart structure and key technical levels.
🔍 Technical Breakdown
✅ Key Support Zone:
Price recently respected the $3,204.97 level, which has proven to be a key support area on the 4H chart. This level has held strong after multiple tests, forming a solid base for potential upward movement.
✅ Resistance / TP1:
The first significant resistance level lies at $3,435.13. This is a previous supply zone where price faced selling pressure. If bullish momentum sustains, this will be my first take-profit (TP1) level.
✅ Resistance TP2:
Should the price break above TP1 with strong volume, the next major resistance is around $3,497.61, which will act as TP2 for this long setup.
📊 Trade Setup
• Entry Zone: Around $3,328–$3,333
• Stop Loss: Below recent swing low at $3,263.26
• Take Profits:
TP1: $3,435.13
TP2: $3,497.61
🔁 Risk-Reward Ratio: ~2.32
This setup offers a favorable R:R with a potential gain of 4.91% vs. a risk of 2.12%.
📉 BBTrend Indicator Confirmation
The BBTrend histogram has started turning green again, indicating a shift in momentum toward the bulls. This transition often aligns with the early phase of upward movement, supporting a potential continuation of the trend.
🧠 Conclusion
The market structure shows higher lows forming after a strong support retest, signaling a bullish reversal. A break and close above $3,333 would further validate the bullish thesis. As long as the support at $3,204.97 holds, I remain optimistic about Gold retesting higher resistance zones.
🟩 Bias: Bullish
📅 Timeframe: 4H
⚠️ Note: Always manage your risk and confirm entries with your own strategy.
GOLD XAUUSD PLAN – MAY 23 IS GOLD READY TO SURGE AGAIN?GOLD XAUUSD PLAN – MAY 23 | GEOPOLITICAL RISKS FLARE UP – IS GOLD READY TO SURGE AGAIN?
🌍 MACRO CONTEXT:
Iran-Israel-US Tension: Iran has warned that if Israel attacks its nuclear facilities, the U.S. will also be held responsible. Tehran vows to take “special measures” to protect its nuclear program, and has filed formal complaints with the UN. Markets are reacting sharply to this growing geopolitical risk.
Goldman Sachs Alert: Goldman Sachs recommends gold and crypto (Bitcoin) as safe-haven assets amidst soaring bond yields, fiscal crisis fears, and a failed 20-year U.S. Treasury auction. They warn that rising yields are now posing serious threats to equities while the dollar faces longer-term pressure.
📉 TECHNICAL OUTLOOK (M30):
Price has bounced off the 3303 zone, and is showing signs of a bullish breakout if 3360 is taken out.
There is a clear Fair Value Gap (FVG) above 3360–3380, which has yet to be fully filled. Below, the untested FVG zone near 3274–3250 remains vulnerable if support fails.
EMA 13 is trending above EMA 34 and EMA 200 → bullish bias remains valid as long as 3274 holds.
🔑 KEY LEVELS TO WATCH:
SELL Side Key Level: 3358–3360 → A breakout above this zone could lead to a retest of ATH near 3400–3450.
BUY Side Key Level: 3276–3274 → Losing this zone could push gold back below 3200, targeting deeper correction levels.
📈 TRADE SETUPS:
🔵 BUY ZONE: 3276 – 3274
SL: 3270
TPs: 3280 → 3284 → 3288 → 3292 → 3296 → 3300
🔵 BUY SCALP: 3304 – 3302
SL: 3298
TPs: 3308 → 3312 → 3316 → 3320 → 3325 → 3330 → 3340
🔴 SELL ZONE: 3376 – 3378
SL: 3382
TPs: 3372 → 3368 → 3364 → 3360 → 3350
🔴 SELL SCALP: 3344 – 3346
SL: 3350
TPs: 3340 → 3336 → 3332 → 3328 → 3324 → 3320
🧠 FINAL THOUGHTS:
Gold remains highly sensitive to geopolitical headlines and macro instability. As long as the 3303 support area holds, look for bullish continuation towards FVG highs. Break below 3274 may shift the bias sharply to the downside. Stay alert — volatility is expected to rise ahead of the next U.S. data and developments in the Iran nuclear issue.GOLD XAUUSD PLAN – MAY 23 | GEOPOLITICAL RISKS FLARE UP – IS GOLD READY TO SURGE AGAIN?
🌍 MACRO CONTEXT:
Iran-Israel-US Tension: Iran has warned that if Israel attacks its nuclear facilities, the U.S. will also be held responsible. Tehran vows to take “special measures” to protect its nuclear program, and has filed formal complaints with the UN. Markets are reacting sharply to this growing geopolitical risk.
Goldman Sachs Alert: Goldman Sachs recommends gold and crypto (Bitcoin) as safe-haven assets amidst soaring bond yields, fiscal crisis fears, and a failed 20-year U.S. Treasury auction. They warn that rising yields are now posing serious threats to equities while the dollar faces longer-term pressure.
📉 TECHNICAL OUTLOOK (M30):
Price has bounced off the 3303 zone, and is showing signs of a bullish breakout if 3360 is taken out.
There is a clear Fair Value Gap (FVG) above 3360–3380, which has yet to be fully filled. Below, the untested FVG zone near 3274–3250 remains vulnerable if support fails.
EMA 13 is trending above EMA 34 and EMA 200 → bullish bias remains valid as long as 3274 holds.
🔑 KEY LEVELS TO WATCH:
SELL Side Key Level: 3358–3360 → A breakout above this zone could lead to a retest of ATH near 3400–3450.
BUY Side Key Level: 3276–3274 → Losing this zone could push gold back below 3200, targeting deeper correction levels.
📈 TRADE SETUPS:
🔵 BUY ZONE: 3276 – 3274
SL: 3270
TPs: 3280 → 3284 → 3288 → 3292 → 3296 → 3300
🔵 BUY SCALP: 3304 – 3302
SL: 3298
TPs: 3308 → 3312 → 3316 → 3320 → 3325 → 3330 → 3340
🔴 SELL ZONE: 3376 – 3378
SL: 3382
TPs: 3372 → 3368 → 3364 → 3360 → 3350
🔴 SELL SCALP: 3344 – 3346
SL: 3350
TPs: 3340 → 3336 → 3332 → 3328 → 3324 → 3320
🧠 FINAL THOUGHTS:
Gold remains highly sensitive to geopolitical headlines and macro instability. As long as the 3303 support area holds, look for bullish continuation towards FVG highs. Break below 3274 may shift the bias sharply to the downside. Stay alert — volatility is expected to rise ahead of the next U.S. data and developments in the Iran nuclear issue.
0522:Mastering Divergence in Gold: Daily vs. 4H Chart TacticsHello traders,
Daily chart GOLD looks strong bullish, but not a good position to open buy today.
So even you have the right direction , but in the wrong position ,still could make a losing trade.
Right now In the LD session on Thurs, there is already a bearish signal on 4H chart.
How can you open a long trade based on bearish signal on lower timeframe chart?
You want to follow main trend, but you surely not want to open in the wrong time or position.
Plan A: daily trading plan
Waiting daily candlestick of Thurs to see if the daily pressure line good for new selling plan.
And make your selling plan based on this candle on Friday.
Right, just watch and not doing anything on Thursday.
Plan B, 4H chart trading plan
In the early EURO session, GOLD has made a 4h bearish signal on 4h chart.
Open short position based on 30m chart bearish signal in EUOR-US session.
TP1: 3270
TP2: 3252
GOOD LUCK!
LESS IS MORE!
5/23 Gold Analysis and Trading SignalsGood afternoon everyone!
Gold did not touch our key buy or sell zones yesterday, but flexible intraday range trading worked well, resulting in decent profits.
Currently, the price has reached around 3330, and from a technical standpoint, bulls remain in control. If no negative surprise hits the market, gold could target 3368 today, with a potential to test 3400 resistance next week.
🔔 On the news front, two key events during the U.S. session today deserve attention:
A speech by Fed Governor Lisa Cook on financial stability — may provide hints about the Fed’s stance.
An executive order signed by Donald Trump, which might impact markets depending on its content (e.g., taxes, tariffs, or spending).
Also, note that U.S. markets will be closed next Monday, but this is unlikely to cause major disruptions. Positions held over the weekend can still be adjusted during the Asian session on Monday.
📈 Today’s Trading Recommendations:
📉 Sell near 3382–3398 (Resistance zone)
📈 Buy near 3274–3256 (Support zone)
🔁 Flexible trading levels:
3285 / 3296 / 3307 / 3316 / 3328 / 3337 / 3346 / 3361 / 3373
How will the price of gold go? Prospect analysis is here.In the Asian session, spot gold rebounded modestly after a sharp drop in the previous trading day, and the price of gold is currently around $3,330.
Gold prices lost some upside momentum on Thursday, but downside remains limited. Gold prices suffered a correction on Thursday, ending the previous three consecutive trading days of gains, mainly due to the rebound of the US dollar and traders taking profits after the price of gold hit a two-week high. Spot gold closed down $20.14, or 0.61%, at $3,294.81 per ounce on Thursday.
We see gold encountering some profit-taking selling pressure after its recent gains, while a stronger U.S. dollar index is another bearish factor. However, affected by the turmoil in the global bond market, the gold market continues to be bullish and the decline is limited.
Short-term technical analysis:
Looking at the gold daily chart, the high point of gold prices on Thursday moved up from the previous trading day, while the low point moved down. Buyers continue to defend on the downside near the flat SMA 20-day, which provides support near $3,288.00. The 100-day and 200-day moving averages continue to move upwards at levels well below current gold prices, consistent with the dominant bullish trend. Finally, technical indicators have lost bullish power but are flat within positive levels, limiting the possibility of further declines.
Looking at the 4-hour chart, there is no sign that gold will fall further. Gold prices continue to trade above all its moving averages, with the 20-period SMA crossing above the directionless 100-period SMA and 200-period SMA. Meanwhile, technical indicators are moving lower, but with limited downside power, they remain above their midlines.
Short-term focus on important support and resistance levels:
Support: $3,290; $3,270; $3,250.
Resistance: $3,325; $3,345; $3,360.
I hope my analysis can help you make profits easily in the trading market.
Gold Moves Higher – Is $3,430 the Next Target?OANDA:XAUUSD continues to move within a clearly defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum suggests that buyers are in control, indicating the potential continuation of the upward trend.
Recently, price broke out with strong momentum and may now be pulling back to retest. This area previously served as a confluence zone between the lower boundary of the ascending channel and a prior price reaction level, aligning with the potential continuation of the bullish move.
If this level holds as support, I believe a bounce in line with the main trend could be triggered. The potential technical target is the 3,430 zone, in line with the upper boundary of the channel as well as the 1.618 Fibonacci extension. Conversely, failure to hold this support could signal a potential shift to the downside.
Traders should monitor for bullish confirmation signals, such as bullish engulfing, pin bar, or an upward marubozu candle in this area, which could be the initial confirmation for long positions.
This is a personal view based on price action and technical analysis, not financial advice. Always adhere to proper risk management in every trading decision.
Gold (XAUUSD) Long Setup – Targeting Fresh Highs Bullish Move📊 Chart Breakdown & Market Context:
This 30-minute chart of Gold Spot (XAU/USD) shows a strong bullish price structure that is currently forming higher lows while respecting dynamic trendline support. The chart illustrates demand and supply transfers, which are pivotal concepts in price action trading. Let’s explore the technical reasoning behind this trade setup:
🔄 1. Demand & Supply Shift Zones:
Demand Transferred: Initially, price consolidated within the blue elliptical region. This area saw aggressive bullish pressure that pushed price upward, confirming the presence of institutional demand. As the market progressed, this demand shifted higher — now located at the most recent zone where price bounced after a pullback.
Supply Transferred : A major bearish reaction zone was taken out after the market absorbed selling pressure. This suggests that sellers are no longer in control and demand is rebalancing in favor of buyers.
📈 2. Bullish Structure Confirmation:
After the pullback on May 22, price formed a higher low, perfectly aligned with both the new demand zone and the ascending trendline support. This confirms that buyers are defending this area.
The price is currently pushing upward from this demand, signaling a potential bullish continuation.
The 50% equilibrium level of the recent bearish leg is being tested. A clean break and close above this level would confirm buyers’ dominance and could invite momentum trading interest.
🔵 3. Entry, Targets & Stop-Loss Plan:
✅ Entry:
Entry is ideal from the current price region near 3,313 (or on minor retracement, maintaining RR).
🎯 Take Profit Zones:
TP1 (~3,336): This is just above the 50% level and near the previous swing high. Partial take-profit here is wise in case price consolidates.
TP2 (~3,360): Located at the upper resistance zone, marking the potential target if bullish momentum continues.
❌ Stop-Loss:
SL: 3,287.891 — placed below the recent higher low and below the demand zone. This protects the trade from deeper pullbacks or breakdowns below structural support.
📉 4. Risk Management & Trade Psychology:
Maintain a Risk-Reward Ratio (RRR) of at least 1:2 to ensure profitable expectancy.
Avoid over-leveraging, as we are trading near a key resistance zone (50% area).
Watch for volume confirmation or strong bullish candles before fully committing to the trade.
Use a trailing stop once TP1 is hit to secure profits toward TP2.
⚠️ 5. Key Considerations Before Execution:
Monitor any macroeconomic events (e.g., Fed announcements, CPI/PPI, NFP) that may impact gold volatility.
Check DXY (Dollar Index) — if the dollar weakens, gold will likely strengthen further.
Volume behavior around the 50% zone will indicate breakout vs rejection.
🧠 Summary for Minds Section:
Gold shows a clear higher-low structure supported by trendline and demand transfer.
Buyers absorbed supply; now building momentum toward upper resistance zones.
Entry near 3,313, SL under 3,288, TP1 ~3,336, TP2 ~3,360.
Trend remains bullish unless trendline and demand zone are broken.
💡 Educational Takeaway: Watch for demand/supply shifts and trendline confirmations. This setup is a textbook example of structural continuation supported by market psychology and price action zones.
XAUUSDToday, the follower executed accurate signals in the band trading center and made a profit. The current news is relatively stable. The technical side continues to pursue long orders.
Combined with SMA, there is a support position below 3300-3290. The retracement range is 1%. It is currently in perfect agreement with the expected value.
The current price is 3312. At present, we need to wait for the market to digest some negative factors before looking for opportunities to buy. Below 3310 is a good buying position. Above 3345 is a pressure position that needs to be paid attention to in the short term. If it breaks through, you need to pay attention to whether the position of 3350-3360 can break through stably before considering buying.
Do not trade independently during the trading process. To avoid any losses. If you don’t know how to trade, remember to pay attention to the buying and selling suggestions of the band trading center.
PMI Boosts USD but Caution Lingers Ahead of Fed DecisionOANDA:XAUUSD TVC:GOLD The recent release of stronger-than-expected S&P Global PMIs in the U.S. has offered short-term support to the dollar, pressuring gold from intraday highs. Manufacturing and services PMIs both improved to 52.3 in May, fueling speculation that the U.S. economy may still be resilient despite persistent concerns over Trump's proposed tax reforms and renewed tariffs.
Still, market sentiment remains cautious. While Wall Street recovered slightly, it continues to post weekly losses. Investors are balancing upbeat data with longer-term risks — including a potential economic slowdown triggered by aggressive fiscal tightening and global demand headwinds.
With the FOMC meeting approaching (June 17–18), gold traders are likely to remain reactive to macroeconomic signals. Any dovish shift or mention of a potential rate cut timeline could reignite demand for non-yielding assets like gold. Until then, price action around the $3,289 support and the Quasimodo pattern will be crucial for short-term direction.
Resistance : $3,319 , $3,343
Support : $3,289 , $3,239
Gold starts to go down? Double opportunities.Analysis of Asian market trend:
To summarize the short-term trend, "continue to step back and continue to seek key support". Gold rose and then fell in the Asian market yesterday, and the final rebound stopped at 3350. The trend is in line with our short-term bearish expectations. As for the market falling and breaking, it is a normal market. This means that the adjustment needs to continue. Today, the main focus below is still the support level of 3280. The early decline has approached this point, but it has not been completely touched; if this position is not broken, the bullish rebound is still there and it will rise at any time.
Operation adjustment, mainly low and high, supplemented by high and low, look at the shock sideways, wait for the market to break through the range and gradually look down; then the two main points of short-term focus, if the downward trend does not break 3280, then the rebound will first look at the high point of 3320. Strong breakthrough and stabilization at this position, if it does not break through yesterday's high point, it will continue to be mainly shocking; at the same time, unlike the previous consecutive rises in the past few weeks, this week's trend is slightly weak, and it is almost the weekend, so let's look at the amplitude of the range trend first.
Operation strategy:
Short around 3320, stop loss at 3328, target at 3290;
Long around 3280, stop loss at 3270, target at 3315.
Short-term trading is temporarily operated in this range, and a new layout will be made if it breaks.
Gold Hits 3360 Resistance After Breakout – Reversal Ahead?📈 Gold Breaks Out – Now Approaching Key Resistance
Two days ago, I highlighted the ascending triangle forming on Gold and warned that a breakout could lead to strong acceleration in the direction of the move.
As expected, price broke to the upside and rallied 1,000 pips, confirming the bullish breakout.
🧱 B ut now, Gold faces a major test...
Price is now approaching a critical confluence resistance zone around 3360, where I expect a possible reversal.
Given the recent pattern of strong two-way volatility, a pullback from here could send Gold back down to retest the broken 3250 zone — now acting as support.
📊 Trading Plan:
I’m watching closely for signs of weakness near 3360 to open short trades. This level is key for both bulls and bears, and price action here could define the next move.
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