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Xauusdanalysis

Latest gold trend analysisGold fell by $57 from 3057-3000 at the end of last week. It fluctuated downward yesterday, and the daily line closed negatively, touching the short-term moving average. From the perspective of bull correction, the adjustment has not yet been completed, and there is still a possibility of further decline. The probability of breaking the 3000 mark is very high. However, the current market has entered a period of volatility, and the long continuity is very poor. It fluctuated upward during the day yesterday, and only began to fall in the evening, closing at a low in the early morning. The overall trend is still a volatile trend. This morning, the bottom was hit and rebounded, and the price broke through the high of 3014 in the early morning, but it is not recommended to chase blindly. Focus on the trend of the European session. If the European session goes up, it will be regarded as a shock in the evening. If the upper pressure is touched at 3035-3038, you can go short. However, if the European session falls and breaks below 3007, then today will be a bearish trend, and the 3000 mark will also be lost. Be careful not to repeat yesterday's trend today, so you must pay attention to the rhythm of the European session. If it fluctuates upward, you can still go high in the evening. Therefore, in general, gold is still expected to fluctuate today. Pay attention to the pressure of 3035-3038 on the upper side, and the support below is 3007-3002. Pay attention to the watershed position. In terms of trading, yesterday Monday did not continue the bearish view on Friday, but chose to buy more near 3010, but the market failed to give it. At noon, it was aggressively long at 3017, and the European session stopped profit at 3029, winning 12 US dollars; it fluctuated upward during the day, and stepped back to 3017 twice in the evening. The retracement of the US session was too large, and the stop loss was exited at 3014 before the break, losing 3 US dollars; two orders earned 9 US dollars.
OANDA:XAUUSD
by JosephChristian
The day's rebound is mainly highAt present, the gold market has been fluctuating in the range for some time, and the market has not made a directional choice, which means that the gold price will continue to fluctuate during the day, and it is a downward flag adjustment range. For our operation layout, we should keep high-altitude and low-multiple in the range. In the oscillating market, we mainly focus on the recent direction. It is obvious that it is a short-selling oscillation after the top falls. In the range, high-altitude and low-multiple are the first to focus on the opportunity of shorting. In this market at noon, we still need to continue to wait for the opportunity to short. From the four-hour trend, the upper pressure is focused on the 3036 line, and the lower support is near the support level of 3010! Gold operation suggestions: short near 3032-3036, stop loss 3042, target 3015
COMEX:GC1!
by JosephChristian
Evening gold analysis and operationTechnical analysis of gold: Gold rebounded to around 3031 yesterday and then began to retreat. It continued to rebound after touching the lowest level of 3012 in the US market, and the daily line closed in the form of a negative cross star. After opening in the morning, it has been rising all the way and has now reached above 3030 again, continuing to approach the previous high of around 3036-38. In the short term, it is very likely to form a range of shocks again, and this position may also be the position of the high suppression port in the near future, and it is also the ideal point for short positions. Once this position continues If the pressure is effective, a falling pattern is likely to be formed, which may also be the last wave of bullish pullback, and the support below will continue to be maintained near yesterday's low of 3012, which will also be the last line of defense for the bulls. Although the bulls seem strong at present, the pressure from above is self-evident. The market is often the same. What seems strong may not be strong, but just a confusing behavior to lure more. In the morning, I repeatedly emphasized that the key pressure level of gold is 3036, so I gave the idea of ​​shorting at 3036 in the morning, and I am still making a profit. Gold continued to fluctuate in a large range in the one-hour period. Before there is a trend breakthrough, gold will continue to fluctuate. Gold is under pressure at high levels and is still mainly short at high levels. After all, the overall strength of the bullish rebound is still weak. The high point of the gold bullish rebound has begun to decline, and the low point of the oscillation has also begun to decline. Then the overall situation is still a bearish oscillation. We should first arrange short orders around this position and wait to see the strength of the European session. If the European session continues to break upward, the bulls are likely to pull up again. On the contrary, the current high is likely to be generated. In this case, gold will first short near 3036-38 during the day, and the target will be near 3015-10. On the whole, today's short-term operation strategy for gold is to mainly short on rebounds and long on pullbacks. The short-term focus on the upper side is the 3036-3038 resistance line, and the short-term focus on the lower side is the 3010-3012 support line. Strategy 1: When gold rebounds to around 3036-3038, short sell (buy short) in batches, 20% of the position, stop loss at 3055, target around 3020-3015, break to target 3010 Strategy 2: When gold falls back to around 3010-3012, buy two-tenths of the position in batches, stop loss 8 points, target around 3020-3025, and look at 3030 if it breaks
OANDA:XAUUSD
by JosephChristian
Gold Price Reversal Prediction – March 27, 2025This chart represents the Gold Spot/U.S. Dollar (XAU/USD) on a 15-minute timeframe as published on TradingView on March 27, 2025. Key Observations: 1. Support and Resistance Zones: A strong resistance zone is marked around the $3,040 level (highlighted in red at the top). A support zone is visible near $3,010 (highlighted in red at the bottom). 2. Price Movement & Pattern: The price initially consolidates within the support zone before making an upward move. A bullish move (marked in blue) pushes the price up toward the resistance zone. The price is currently at the resistance zone and is expected to reverse downward as indicated by the blue projected move. 3. Trading Implications: If the resistance holds, the price may decline back toward the support zone. If the resistance breaks, further upside momentum could be seen.
PYTH:XAUUSDShort
by ChartingMarketInsights
Gold Bullish Frenzy? Watch for Reversal SignalsAt present, it seems that the situation for the bulls is promising. However, the market is not necessarily so. This kind of behavior to induce more long positions is quite normal in the market. Market makers often operate in a strategic way. After they have reaped the profits from the bulls, it's highly likely that the next target will be the bears. Looking at the gold market specifically, the price of gold is currently at a high level and is bound to decline. This frenzied bullish trend simply cannot be sustained, and this is an inevitable outcome. The current gold price has seriously deviated from its normal track. One could even say that it has completely derailed or "strayed from the norm". Such a situation is clearly unreasonable, and a return to a reasonable level is inevitable. I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
FOREXCOM:XAUUSDShort
by JohnGonzalez7
Gold (XAU/USD) Technical Analysis – Next Week Big Move?The daily chart of Gold Spot (XAU/USD) presents a well-structured triangle pattern breakout, a strong uptrend, and a critical resistance zone near all-time highs (ATH). The price action suggests that gold is in a bullish phase but approaching a key decision point where it could either break higher or face a temporary pullback. This analysis provides a detailed breakdown of the pattern, key levels, potential scenarios, and trading strategies for the coming week. 1. Technical Chart Breakdown A. Triangle Pattern Breakout (Bullish Continuation) The chart shows a symmetrical triangle formation, which typically signals a consolidation phase before a major price movement. After a period of accumulation within the triangle, gold broke out upwards, confirming a bullish continuation pattern. This breakout was supported by strong volume and buying pressure, reinforcing the trend strength. B. Trendline & Support Levels (Key Areas for Buyers) A rising trendline has been acting as dynamic support, confirming that the market remains in a bullish structure. Major Support Levels: $3,000 – A psychological support level that may act as a bounce zone in case of rejection at resistance. $2,885 – A well-defined horizontal support level, previously tested multiple times. If the price falls below $2,885, it could signal a trend reversal or a deeper correction. 2. Key Price Levels & Market Sentiment A. Resistance & Target Levels (Where Sellers Might Step In) Primary Resistance Zone: $3,137 - $3,150 This level represents a combination of all-time high (ATH), historical resistance, and a key breakout target. If the price breaks and holds above this zone, it could trigger further upside towards $3,200 - $3,250. However, if sellers dominate at this level, a pullback or correction could occur. B. Stop-Loss & Risk Management Considerations Traders should be cautious around the resistance zone and place stop-loss levels strategically to manage risk. Stop-Loss Suggestions: For Long Trades: Below $3,000 (to protect against fake breakouts). For Short Trades: Above $3,150 (if price rejects resistance and starts a reversal). 3. Trading Strategy for Next Week Scenario 1: Bullish Breakout & Continuation If gold breaks and sustains above $3,137, it will confirm a bullish continuation. Entry Strategy: Look for a retest of the breakout level ($3,100 - $3,137) before entering long positions. Profit Targets: First Target: $3,200 Second Target: $3,250+ Stop-Loss: Below $3,000, to protect against sudden reversals. Scenario 2: Rejection at Resistance & Pullback If gold fails to break $3,137 and forms a bearish rejection candle, it may indicate a short-term pullback. Short Entry Strategy: Wait for confirmation of rejection with bearish price action signals (e.g., bearish engulfing, long upper wick). Downside Targets: First Target: $3,000 Second Target: $2,885 (major support) Stop-Loss: Above $3,150, to avoid being trapped in a false breakdown. Scenario 3: Bearish Reversal (Break Below $2,885) If gold falls below $2,885, it could signal a potential trend reversal. Short Trade Setup: Enter below $2,885, targeting $2,800 - $2,750 in the medium term. Stop-Loss: Above $2,900, in case of a false breakdown. 4. Indicators & Confirmation Signals A. Volume & Candlestick Patterns Watch for high volume during breakouts to confirm strength. Candlestick patterns such as bullish engulfing, hammer (for support bounces), or shooting star (for resistance rejection) can provide strong confirmation signals. B. RSI (Relative Strength Index) & Overbought Conditions If RSI is above 70, it could indicate that gold is overbought, increasing the likelihood of a pullback. If RSI stays above 50 but below 70, it confirms bullish strength. C. Moving Averages for Trend Confirmation 50-day and 200-day moving averages can act as additional support and resistance zones. If the price is above both moving averages, it confirms the bullish trend. 5. Conclusion – What to Watch for Next Week? ✅ If price breaks and holds above $3,137 → Expect continuation towards $3,200 - $3,250. ✅ If price rejects at $3,137 → Watch for a pullback towards $3,000 or $2,885 for re-entry. ✅ If price drops below $2,885 → Expect deeper correction with a shift in trend structure. 📌 Key Takeaway: Gold remains bullish, but traders should watch the resistance level at $3,137 closely for confirmation of a breakout or a possible reversal. Risk management is crucial in case of unexpected market shifts. Would you like me to add more insights using Fibonacci levels or historical trends? 📊🚀
OANDA:XAUUSDLong
by GoldMasterTrades
1
GOLD Long opportunity from 3,050 or 3,020 back to ATH'sThis week, my outlook on gold remains strongly bullish. Price has once again reached its all-time high (ATH) and broken structure to the upside, leaving behind new demand zones that present potential buying opportunities. The first key area of interest is the nearby 6-hour demand zone. While not the most ideal setup, I will be monitoring how price reacts once it mitigates this level. Additionally, there is a 15-hour demand zone positioned lower, offering a more favorable entry at a discounted price. This zone was responsible for the break of structure to the upside, making it a strong area of interest. If price reaches this level, I expect a slowdown followed by a buildup of bullish momentum. Confluences for XAU/USD Buys: Price has broken structure to the upside on the higher timeframes. Clean 6-hour and 15-hour demand zones remain unmitigated. Gold has been consistently bullish across both lower and higher timeframes. DXY is trending bearish, reinforcing gold’s bullish bias due to their inverse correlation. Note: There is some liquidity resting below in the form of an equal low and a small trendline. I will wait for confirmation in these areas before making any decisions.
OANDA:XAUUSDLong
by Hassan_fx
6
Sell@3080Today, the XAUUSD market is mired in extraordinary volatility. The uptrend in prices has continued unabated, with values rocketing to $3086. This powerful rally has inflicted heavy losses on bearish traders, leading to a mass liquidation of their positions. Currently, the market is in a “double - whammy” situation, where both bulls and bears are feeling the pinch. This is the result of large - scale capital inflows. Savvy institutional investors and market players are deploying capital strategically, aiming to maximize profits. Despite this current upward surge, we remain steadfast in our bearish outlook. Our in - depth analysis of multiple factors—including long - term economic trends, geopolitical developments, and technical indicators—reinforces our conviction. Many fundamental indicators suggest that the current rally is likely a short - lived market aberration. As the market continues to digest various macroeconomic data, we anticipate downward pressure to build, eventually reversing the current upward trend. 💎💎💎 XAUUSD 💎💎💎 🎁 Sell@3085 - 3080 🎁 TP 3040 3030 3020 3010 3000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:XAUUSDShort
by BenGray9
2
XAUUSD:Still consider shorting at a high price.As I stated in my morning post, one could try shorting around 3080. It has been proven that this strategy is completely correct. Shorting around 3080 has achieved three consecutive profitable trades. Today is Friday and it's approaching the closing of the market. For gold, this strategy can still be implemented. Continue to short, with the take-profit level set around 3070. sell@3080-3085 TP:3070-3065 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
FOREXCOM:XAUUSDShort
by LeoBlackwood
Gold breaks high strongly, how much room is there for the bulls?Gold broke through the high and headed straight for 3100, reaching a high of 3087! This wave of rise was frequent with long and short positions. First, it fluctuated back and forth between 3000 and 3038, and neither long nor short positions continued. It broke through the oscillation range strongly, and the price approached the previous high of 3057. Operation suggestions: 3068 and 3062, it is better to be more cautious and look at 3062. The watershed is 3054, and the upper pressure is 3080-3100. When it touches 3100 for the first time, you can try shorting.
TVC:GOLDLong
by MarjorieMatthew
Is gold 3100 far away?The price of gold rose to 3085.91, and gold is expected to achieve a fourth consecutive week of gains. Technical analysis of gold: Gold closed with a full big positive K, a historical high before closing, and continued to rise. So can it continue to be strong and full of positives next? The short-term moving average position 3035-30 continues to maintain bullishness, but the height is far away from it at this time. If you try it, it will be a large-scale wash-out. Another is to rely on the top and bottom conversion support 3057 to support strong operation, and then go sideways at a high level and then attack. Therefore, the daily level should pay attention to two supports in the short term, the top and bottom conversion support and the short-term moving average support, and continue to maintain the bullish trend. As for the height, pay attention to 3094 in the future market, and then 3136. I personally expect that it will really be below 3094 and 3136. In the short term, there may be a large downward adjustment; of course, it is just an adjustment, so don't guess the top easily. Relying on the continued rise of 3054-53, it successfully reached the target of 3079, suppressed 3086 and fell back to 3066. Holding this position can also maintain a certain strong pattern. Therefore, it is recommended to continue to try to be bullish after a callback above 3066, and to test the high point 3086 for the second time to see how it is suppressed. If it breaks through, it will look at 3094, or even 3100 and above. If it fails to break through, it will fluctuate at a high level. In addition, if the middle track is not held by accident, it will turn into a shock, so the lower support will focus on the gains and losses of 3053.
PYTH:XAUUSDLong
by GladysEmily
Gold's strong breakthrough is accelerating, how much room is theFor today,There are two positions to choose from for long positions in the afternoon, 3068 and 3062. If you choose to be more conservative, you should look at 3062. The watershed is 3054, and the upper pressure is 3080-3100. You can try shorting when it touches 3100 for the first time.In addition, to be bullish, the market must continue to rise in the European session and break the high. If the European session goes sideways and does not rise, then be careful of a decline in the evening. Still pay attention to the appearance of a black swan on Friday. Therefore, there is a possibility of a short squeeze near 3100. This wave of breaking highs will directly blow up the bears, while a strong break and rise can attract bulls. Another waterfall will be shocking. Therefore, we must pay attention to risks near 3100. We can be bullish but we must do a good job of risk control. Finally, regarding the question of how much room for upward movement there is after this break, I personally think that 3100 is about the right level, because the previous correction was not large, and it went straight up after sideways fluctuations. This is somewhat related to Trump’s tariff policy in the past two days. After the news, everything is in chaos again.
OANDA:XAUUSDLong
by PageEvan
Gold's strong breakthrough is accelerating!Gold broke through the high and headed straight for 3100, and did not give a callback. It went sideways at a high level and reached 3077! This wave of rising bulls and bears were frequently washed out. First, it fluctuated back and forth between 3000 and 3038. Neither bulls nor bears continued. Lian Yang strongly broke through the oscillation range, and the price approached the previous high of 3057.The weekly line ended with a strong rise. There are two positions to choose from for long positions, 3068 and 3062. If you choose to be more stable, you should look at 3062. The watershed is 3054, and the upper pressure is 3080-3100. You can try shorting when it touches 3100 for the first time. In addition, if you are bullish, you must continue to rise and break the high. If it goes sideways without rising, then be careful of a decline, or pay attention to the appearance of black swans. Finally, as to how much room there is for rising after this high break, I personally think that 3100 is about right, because the previous correction is not large, so there is a possibility of forced shorting near 3100. This wave of breaking high directly exploded the bears, and the strong breaking high rise can attract bulls. Another waterfall will be dumbfounded, so you should pay attention to the risks near 3100. Therefore, there is a possibility of a short squeeze near 3100. This wave of breaking highs will directly blow up the bears, while a strong break and rise can attract bulls. Another waterfall will be shocking. Therefore, we must pay attention to risks near 3100. We can be bullish but we must do a good job of risk control.
PYTH:XAUUSDLong
by GladysEmily
XAU/USD 28 March 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has met expectations and analysis by printing a further bullish iBOS, however, pullback was minimal and with price not trading down to either discount of 50% EQ or Daily/H4 demand zone. I will therefore, at present, not classify this as a bullish iBOS in order not to distort internal range Intraday Expectation: Price to print bearish CHoCH to indicate, bnut not confirm bearish pullback phase initiaiton. Price to then trade down to either discount of internal 50% EQ, or nested Daily and H4 demand levels before targeting weak internal high priced at 3,086.090. Alternative scenario: Price could potentially continue to print higher. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias was not met with pricing printing a bullish iBOS. Price has printed a bearish CHoCH to indicate bearish pullback phase initiation. Price is now trading within an established internal range. I will however continue to monitor price. Intraday Expectation: Price to trade down to either discount of internal 50% EQ or M15 demand zone before targeting weak internal high priced at 3,086.090. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold (XAUUSD) Short Setup: Bearish Confirmation & Key TP LevelsThe chart suggests that gold (XAUUSD) is approaching a key resistance level near 3,102, aligning with a trendline. The price has formed a weak high, indicating potential exhaustion. A bearish confirmation at this level could lead to a decline toward the target zone around 3,037. If the price fails to break lower, further bullish momentum may push it beyond resistance. Watch for a break of structure (BOS) and bearish signals before confirming a short position. 1. First TP: 3,060 – A minor support level before the main target. 2. Second TP: 3,037 – A stronger support zone and key target. These levels provide a safe exit strategy for a short trade while minimizing risk. Watch for price action confirmation before executing.
OANDA:XAUUSDShort
by TRADE_CENTER_1
How to operate when gold is trading sideways at a high levelStimulated by risk aversion, gold has been rising all the way, strongly pulling bulls back, and then gold adjusted. However, the previous box was broken by shocks, and gold fell back and still got support on the upper edge of the box. Bulls once again made efforts to attack, and the price continued to test the high point line. After the daily cycle was corrected for five trading days, bulls rose again, and the high point was likely to be refreshed. Stop loss and exit for short-term short orders within the day. According to the extension of the amplitude of the rise from 3003 to 3036, 3066/3080 can be seen above. After this correction is over and the high is broken, we will see whether we can go short. We never do dead longs or dead shorts. Since gold has chosen to break upwards in the shock, we still need to follow up and go long. Gold broke through and oscillated upwards during the day. The reasons are risk aversion and technical breakthrough. For the overall decline, it is still rising. The 1-hour moving average of gold now begins to diverge upward. After the gold retracement is confirmed, the bulls continue to exert their strength. After gold retraced to the support near 3033, it began to soar straight up. The bulls still control the home court. At present, the top-bottom conversion level is here at 3033, so the fall back to 3033-35 will continue. Overall, the short-term gold operation idea is to focus on callbacks and shorts, supplemented by shorts on rebounds. The upper short-term focus is on the 3070-3080 first-line resistance, and the lower short-term focus is on the 3040-3030 first-line support.
PYTH:XAUUSDLong
by GladysEmily
Gold safe-haven buying hits record high again!Stimulated by risk aversion, gold has been rising all the way, strongly pulling bulls back, and then gold adjusted. However, the previous box was broken by shocks, and gold fell back and still got support on the upper edge of the box. Bulls once again made efforts to attack, and the price continued to test the high point line. After the daily cycle was corrected for five trading days, bulls rose again, and the high point was likely to be refreshed. Stop loss and exit for short-term short orders within the day. According to the extension of the amplitude of the rise from 3003 to 3036, 3066/3080 can be seen above. After this correction is over and the high is broken, we will see whether we can go short. We never do dead longs or dead shorts. Since gold has chosen to break upwards in the shock, we still need to follow up and go long. Gold broke through and fluctuated upward during the day. The first reason was risk aversion and the second was a technical breakthrough. As for the overall decline or rise, gold's 1-hour moving average now began to disperse upward golden crosses for bulls. After gold's retracement was confirmed, bulls continued to exert force. After gold fell back to support near 3033, it began to surge upward. The bulls still control the home court. The current top and bottom conversion position is here 3033, so if it falls back to 3033-35, continue to buy. On the whole, the short-term operation strategy for gold is to mainly buy on pullbacks and short on rebounds. The short-term focus on the upper side is the 3070-3080 resistance, and the short-term focus on the lower side is the 3030-3033 support.
PYTH:XAUUSDLong
by GladysEmily
Gold shows a triangle convergence patternGold broke through 3038 and broke the shock pattern. We went short near 33 and decisively exited the market when it fell back to near 27. We need to adjust our thinking when the market breaks through 3038. We went long at 3033 and exited the market when the market rose smoothly to 3050. The trend of gold started to strengthen after it broke through 3038. So the next step is to change our thinking and go long at a low level and smoothly go bullish. 3038-3035 below will become support. Go long when it falls back to 38-35 area. The current market is stagnant near the previous high of 3057. We can go short near 3052 and wait for a short-term retracement of a few points. We will continue to go long after the top and bottom conversion near 3035 is tested below. Gold strategy: It is recommended to go short at 3051/52, stop loss at 3057, and target at 3038-35; go long at the support of 3035-38 area below, stop loss at 3030, and target at 3055-3062;
TVC:GOLDLong
by GladysEmily
Gold hits record high againThe gold market has recently shown a significant bullish pattern, and prices have repeatedly broken through previous highs. From a technical perspective, the hourly chart of gold shows a breakthrough trend, successfully breaking away from the previous narrow consolidation range. The short-term moving average system maintains an upward trend and maintains a strong oscillating rhythm. The current price retracement has effectively repaired the technical pattern. It is expected that the late trading will continue to maintain a high-level oscillating pattern, with a focus on the performance of the pressure zone near the previous high. There is no clear trend feature in the hourly chart, and it is necessary to continue to observe the short-term adjustment and repair process. The recent price fluctuations are large, and investors are advised to strengthen risk management. For late trading operations, you can pay attention to the long order entry opportunities in the 3038-9 range, and set the stop loss at 3031.6.Gold showed a trend of fluctuating upward, reaching the highest point of 3056. After adjustment, it rose again, setting a new historical high of 3057. The current bullish trend of gold is still strong. The hourly chart shows that the moving average system is in a bullish arrangement, the MACD indicator is golden cross and the volume is large, the Bollinger band is opening and expanding, and the gold price is running along the upper track of the Bollinger band. Based on the above analysis, it is recommended to continue to rely on the opportunity of stepping back to go long on gold. Operation strategy: 1. Go long on gold at 3038-40, stop loss at 3030, target 3050-60; 2. Buy gold around 3046, protect 3036, target 3060-3080.
PYTH:XAUUSDLong
by GladysEmily
Gold shocks and repairs, bears have a glimmer of hopeAt present, the bulls seem to be bright, but the market is not necessarily. This kind of behavior of inducing more is also normal. After the dealer has harvested the bulls, the next step is to harvest the bears. It's that simple. I personally like to do the opposite and see a drop below 3050. Continue to watch Black Friday.Gold is currently high, and it is bound to fall back. This crazy bull trend cannot last long. This is inevitable. The gold price is currently seriously off track, that is, it has directly derailed, or it can be said to be off track. This is unreasonable, and it is inevitable to return. There must be a deep decline today, and the support below is around 3050, which is also the target of the decline.Strategy: Gold 3080 short, stop loss 3100, target 3030-3050
OANDA:XAUUSDShort
by TimConrad