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Xauusdanalysis

3000 Target goldThis is a 1-hour chart of Gold Spot (XAU/USD) from OANDA. The analysis suggests a bullish outlook, with price action currently testing a key resistance level around 2,934. The chart includes the following key elements: 1. Support and Resistance Levels: A previous resistance zone (marked in dark teal) has been broken and is now acting as potential support. The next major resistance is around 2,980, with an all-time high target of 3,000. 2. Trendline Support: A white ascending trendline indicates a bullish structure, with price respecting higher lows. 3. Projected Move: The yellow arrow suggests a pullback to the support zone (previous resistance) before bouncing higher. A successful retest could lead to an upward move towards 3,000. This analysis suggests that gold remains in an uptrend, and traders might look for confirmation of support before entering long positions.
OANDA:XAUUSDLong
by Forex_ViP_Signalss
8
Unlock self-rescue guide hereNotice! The gold market has suddenly changed! Gold, which had been rising all the way, has now shown a peak signal, and a decline has become inevitable. The current big Yinxian is falling straight, and the market is completely shrouded in a bearish atmosphere. From a technical perspective, the evening star pattern is significant, which is often a strong signal of trend reversal. At the same time, the gold price deviates seriously from the moving average. This deviation is difficult to maintain in the market for a long time, and returning to rationality is an observable rule. Looking at the four-hour line again, the big Yinxian entity strongly engulfs the Yangxian, directly breaking through the support line, forming an extremely strong bearish engulfing pattern, which means that the space below has been opened, and a plunge may be just around the corner. Are you ready to meet this storm in the gold market? Opportunities always coexist with risks, and now is the time to test investors' decisiveness. You can read bottom signals, interpret daily market trends, share real-time strategies, and no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel1
2
Gold is falling as expectedThe market has started to decline. Whether the 3,000 will become history remains unknown, but the current decline is real! In the evening, it is necessary to avoid emotional trading. Those who blindly follow the trend and go long are hoped to stay rational. After continuous rises, it has now started to fall. Currently, the market is in a slump. This situation won't be in a high-level range bound. If it doesn't rise, it will fall. Today is already Friday. Only after the gold price drops to the support level below will it rise further! So, go short in the evening and pay attention to the 2,970 as the dividing line! Trading Strategy: sell@2990-2980 tp 2970-2960 I always firmly believe that profit is the sole criterion for measuring strength. I will share accurate trading signals every day. Follow my lead and wealth will surely come rolling in. Click on my profile for your guide.
FOREXCOM:XAUUSDShort
by LeoBlackwood
XAUUSD Analysis StrategyAs of now, gold has already broken through the 3000 level. It reached a peak of 3005 at its highest point and then pulled back for adjustment. From the analysis of the 4-hour gold trend, we should focus on the support level at 2956-2965 below, and the resistance level at 3005-3010 above. In terms of operation, we can mainly go long when there is a pullback following the trend. In the middle price range, it is advisable to observe more and act less, and be cautious when chasing orders. We should patiently wait for entry at key price levels. I will provide specific trading strategies during the trading session. Please pay attention in a timely manner. Gold trading strategy： buy @ 2956-2960 tp 2990-3000 If you're not satisfied with your current gold trading performance, and if you also need to get accurate trading signals every day, you can focus me. I hope I can be of some help to you.
FOREXCOM:XAUUSDLong
by George_Lester
GOLD SURGES TO RECORD HIGH – IS $3,000 JUST THE BEGINNING?📌 Market Overview Gold has surged to a new all-time high (ATH), approaching the critical $3,000 per ounce level. The rally has been fueled by recent inflation data (CPI & PPI), which has heightened market volatility. The US Dollar Index (DXY) has dropped to its lowest levels in recent months, further strengthening gold’s bullish momentum. As a result, investors are aggressively buying gold as a safe-haven asset amidst global economic and geopolitical uncertainty. 🚀 👉 Why is gold continuing to rise? Investors are piling into gold, despite record-high prices, as uncertainty continues to drive demand for safe assets. Donald Trump’s economic policies have added market instability, increasing gold's appeal. As long as the USD remains weak, gold will continue to be a top investment choice. 📊 Will Gold Break Above $3,000? 🔹 Short-Term Outlook: The Asian and European sessions are expected to remain bullish as investors continue accumulating gold. The US session could bring some profit-taking, leading to temporary price swings. Friday is historically volatile, meaning sharp pullbacks are possible before the week closes. 📉 Key Technical Levels to Watch 🔺 Resistance Levels: $3,000 - $3,019 - $3,039 - $3,052 🔻 Support Levels: $2,978 - $2,967 - $2,942 - $2,918 🎯 Trading Plan for Today 🔴 SELL ZONE: $3,039 - $3,041 📍 SL: $3,045 🎯 TP: $3,035 - $3,030 - $3,025 - $3,020 - $3,015 - $3,010 - ??? 🟢 SCALP BUY: $2,968 - $2,966 📍 SL: $2,962 🎯 TP: $2,972 - $2,976 - $2,980 - $2,985 - $2,990 - $3,000 🟢 BUY ZONE: $2,948 - $2,946 📍 SL: $2,942 🎯 TP: $2,952 - $2,956 - $2,960 - $2,965 - $2,970 - $2,980 - $3,000 - ??? ⚡ Final Thoughts – A Correction Before the Next Move? 📌 Gold continues its strong rally, but Friday could bring volatility as traders lock in profits. 📌 Stick to TP/SL strategies to manage risks and avoid sudden market swings. 📌 Watch the US session closely – major moves could happen! 💬 Will gold break $3,000 or face a sharp correction? Drop your thoughts below! 🚀🔥
OANDA:XAUUSDLong
by MMFlowTrading
4
Golden milestone moment, about to fall!Gold hit a new all-time high on Friday, reaching the psychologically critical $3,000 mark, with the precious metal up nearly 15% since the start of the year, fueled by trade war fears and expectations of a rate cut by the Federal Reserve. Trump's tariffs have been a key driver of safe-haven buying in gold. The global trade war has roiled financial markets, sparking recession fears, and Trump threatened on Thursday to impose a 200% tariff on imported alcohol from Europe, a trade war that is escalating. But in the short term, there is absolutely no reason to chase gold higher. Reaching $3,000 today is clearly a long position in the market to pull up shipments. What happens when the longs are exhausted? That could usher in a wave of retracements, so don't chase the highs now. Gold is about to plunge. You can read bottom signals, interpret daily market trends, share real-time strategies, and no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel1
The battle to defend the gold price of 3,000 points has begun. BThe gold market opened at 2988 on Friday, briefly surged to 2994 at noon, and then fell back to 2981. During the European trading session, the price of gold once again set a new record high, hitting a high of $3004 and then quickly fell back. It is currently fluctuating around 2998, waiting for guidance from the US market. The current upper resistance of gold is in the 3007-3012 range. If it successfully stands firm, it is expected to challenge the 3020 level. However, the battle to defend 3000 points has already begun, and it is expected that the gold price will be adjusted back in the evening. The lower support is stable in the 2982-2978 area. Once it breaks, it may test around 2960. On the whole, the evening operation recommendation is mainly to rebound and short. Evening operation strategy 1: It is recommended to go short at 2998-3004 on the rebound, with a stop loss of 3013, and the target is 2985-2975, and the target is 2960 after breaking through. Evening operation strategy 2: It is recommended to go long at 2960-2955 on the pullback, with a stop loss of 2048, and the target is 2985-3000, and the target is 3002 after breaking through.
PYTH:XAUUSDLong
by UptonCharlotte
Gold is about to fall, maybe even plummet!In the morning, gold rose above 2990 as expected and then fell back, but it stopped falling again at 2980 in the European session and rose again. The current market is rising again to test above 3000. From the current hourly chart, the pressure of 3005 is obvious. Today is the last trading day of this week. It is still optimistic about the decline in the evening, and even more optimistic about the plunge!!! You can read bottom signals, interpret daily market trends, share real-time strategies, and no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel1
XAU/USD 14 March 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Previous analysis was not met as price printed a bullish iBOS. Support in the rise of price is largely due to the trump trade and tariff war which is causing market jitters. Intraday Expectation: Price to indicate bearish pullback phase initiation by printing bearish CHoCH. Bearish CHoCH positioning is denoted with a blue dotted line. 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. Price has further printed a bullish BOS. Remainder of analysis and bias remains the same as yesterday's analysis dated 13 March 2025 Analysis and bias has not been met, largely due macroeconomic events, particularly the Trump trade tariff war, which is causing uncertainty within the markets which is supporting Gold price. Price has printed a bullish iBOS. Within the structure following the iBOS, price has printed a several bearish CHoCH's with very minimal pullbacks before continuing bullish. In order not to distort internal structure range I will apply discretion and not classify bearish CHoCH without considerable pullback. Intraday Expectation: Await for price to print Bearish CHoCH which is supported by a pullback relative to recent price action. 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 (XAU/USD) Trade Plan**Gold (XAU/USD) Trade Plan** 🏆 📌 **Key Levels:** - **Support:** $2978 - **Resistance:** $2991 📈 **Bullish Scenario (Breakout Above $2991)** - **Buy Entry:** After a strong breakout with confirmation. - **Take Profits:** - **TP1:** $2996 - **TP2:** $3001 - **TP3:** $3005 - **Indicator Confirmation:** EMA 20 for trend strength. 📉 **Bearish Scenario (Support Break at $2978)** - **Potential Retracement or Reversal:** If price breaks below $2978, it may trigger a downtrend. - **Risk Management:** Use stop-loss and position sizing to manage risk. 🔍 **Watch for Volume & Candle Patterns for Confirmation!** 🚀
OANDA:XAUUSDLong
by elitetrader9090
XAU/USD "The Gold vs U.S Dollar Metals Market Money Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold vs U.S Dollar Metals market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! however I advise to Place buy limit orders within a 1H or 30 minute timeframe most recent or swing, low or high level. Stop Loss 🛑: Thief SL placed at the recent / swing low level Using the 3H timeframe (2930) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: Primary Target - 2830 (or) Escape Before the Target Secondary Target - 2750 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Read the Fundamental, Macro, COT Report, Sentimental Outlook, Intermarket Analysis, Future Prediction: XAU/USD "The Gold vs U.S Dollar Metals Market is currently experiencing a Bearish trend., driven by several key factors. 1. Fundamental Analysis with All Factors📌 Interest Rates: Rising Fed rates (e.g., 5.25% post-March hike) increase gold’s opportunity cost, pushing prices down from 2888. Inflation: Cooling global inflation (e.g., U.S. CPI at 2.5%) undermines gold’s hedge appeal, signaling overvaluation. Dollar Strength: USD rally (e.g., DXY to 102-105) suppresses gold, marking 2888 as a peak. Global Economic Health: Improving growth (e.g., U.S. GDP above 3%) reduces safe-haven demand, favoring bears. 2. Macroeconomic Factors📌 Bearish macro conditions: U.S. Economy: Strong jobs (e.g., unemployment below 4%) and PMI above 50 weaken gold’s case at 2888. Eurozone: Recovery signs (e.g., GDP at 1.5%) bolster EUR, pressuring gold. China: Industrial rebound shifts focus from safe-haven assets, softening gold. Central Bank Policies: Fed hawkishness and ECB/BOJ tightening cap upside. 3. Geopolitical Factors📌 Bearish geopolitical shifts: U.S.-China Trade: Tariff de-escalation reduces uncertainty, eroding gold’s premium at 2888. Russia-Ukraine: Ceasefire talks lower risk-off flows, targeting sub-2800. Middle East: Stabilizing oil supply (e.g., Iran deal) eases inflation fears, weakening gold. Political Uncertainty: Resolved U.S./Europe tensions diminish volatility, favoring bears. 4. Supply and Demand Factors📌 Bearish supply/demand dynamics: Supply: Increased production (e.g., new Canadian mines) or no disruptions flood the market, pressuring 2888. Demand: Physical: Western retail demand fades as prices peak. Central Banks: Slowed buying (e.g., Russia, China pausing) removes support. Investment: ETF outflows accelerate as investors sell at 2888. 5. Commitment of Traders (COT) Data (Latest Update)📌 Hypothetical COT data as of March 4, 2025: Non-Commercial (Speculators): Longs at 340,000, shorts at 70,000, net position +270,000—bullish unwind from 295,000 signals profit-taking. Commercial: Longs 65,000, shorts 400,000—heavy hedging bets on a drop. Open Interest: 525,000 (down 5,000), showing reduced speculative interest. Interpretation: Speculator liquidation and commercial shorts confirm bearish momentum below 2850. 6. Technical Factors📌 Bearish technicals at 2888: Moving Averages: 50-day SMA (e.g., 2850) crossing below 200-day SMA (e.g., 2870) signals reversal. Support/Resistance: Resistance at 2888-2900 holds; support at 2850 breaks, eyeing 2800. RSI: 70+, overbought, triggers selling. MACD: Bearish crossover confirms downward momentum. 7. Sentiment Factors📌 Bearish sentiment signals: Retail: Social media posts shift to fear at 2888, citing USD strength. Institutional: COT hedging aligns with bearish media (e.g., “Gold overbought”). Media: “Fed hikes crush gold” headlines fuel sell-offs. 8. Seasonal Factors📌 Bearish seasonal trends with added points: March Profit-Taking: Q1 tax season in the U.S. drives profit-taking, historically pressuring gold from peaks like 2888. Post-Rally Fatigue: Early-year rallies (e.g., January-February) often fade in March, amplifying bearish momentum. Lack of Festivals: Without India’s seasonal boost, global demand softens, leaving Western selling unchecked. Historical Q1 Declines: Gold’s average March performance (ex-India) shows declines as investors rebalance, targeting sub-2850. Central Bank Pause: Q1 often sees reduced central bank buying announcements, removing a key prop at 2888. 9. Intermarket Analysis📌 Bearish intermarket signals: USD: DXY rallying to 105 crushes gold to 2800. Yields: 10-year yield at 4.5% competes with gold, driving declines. Equities: Stock rallies (e.g., MSCI World above 3100) divert capital. Commodities: Oil at $70/barrel signals deflation, weakening gold. 10. Market Sentiment Analysis of All Types of Investors📌 Bearish investor sentiment: Retail: Panic selling at 2888 as USD rises; X shows fear. Institutional: Speculators trim longs (COT); hedgers pile into shorts. Central Banks: Pause buying, letting prices slide. Speculators: Futures traders short 2888, targeting 2800. 11. Next Trend Move and Future Trend Prediction (Bearish Focus)📌 Short-Term (1-4 weeks): Bearish Target: 2820-2850. Drop to 2820 as USD hits 102 and RSI confirms overbought. Bias: Strongly bearish, driven by technicals and COT liquidation. Medium-Term (1-3 months): Bearish Target: 2700-2800. Decline to 2700 with Fed hikes, DXY at 105, and easing tensions. Bias: Bearish, with macro stabilization. Long-Term (6-12 months): Bearish Target: 2500-2600. Fall to 2500 if growth rebounds, DXY hits 110, and inflation drops below 2%. Bias: Bearish, as safe-haven demand fades. 12. Overall Summary Outlook📌 At 2888 on March 10, 2025, XAU/USD is set for a bearish slide. A strong USD (DXY to 105), rising yields (4.5%), Fed hawkishness, cooling geopolitics, and seasonal softness (Q1 profit-taking, post-rally fatigue) dominate. Short-term outlook is short/bearish, targeting 2820-2850 as overbought technicals (RSI 70+) and COT unwinding trigger a sell-off. Medium-term is bearish, eyeing 2700-2800 with macro improvement. Long-term is bearish, forecasting 2500-2600 as growth stabilizes. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
VELOCITY:GOLDShort
by Thief_Trader
Gold Price Nears $3,000 for the First Time in HistoryGold Price Nears $3,000 for the First Time in History As shown in the XAU/USD chart today, gold is at a record high, just $5 away from the key psychological level of $3,000. Moreover, on the futures market, COMEX data indicates that gold futures have already surpassed this barrier. Bullish sentiment is driven by: → Low US inflation data (released on Wednesday), which boosted gold prices due to growing expectations of a more dovish Federal Reserve policy. → Uncertainty surrounding Trump’s tariffs, escalating global trade tensions. According to the latest reports, the US president has warned of a 200% tariff on European wine and other alcoholic beverages after the EU imposed a 50% tariff on American whiskey. Technical Analysis of XAU/USD In our previous post on 6 March, we identified an upward channel (marked in blue) and suggested that its lower boundary would act as support, providing bulls with an opportunity to push towards the $3,000 level. As indicated by the arrow, this scenario played out: → 10–11 March: The price rebounded from the lower blue boundary. → The price then broke through $2,930. The large bullish candle formed on 13 March signals strong buyer dominance, suggesting that: → $2,930 and $2,950, which previously acted as resistance, could now provide support for bulls. → This month, gold may exceed the $3,000 mark for the first time, reaching the upper boundary of the long-term channel (marked in yellow). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
2
XAUUSD: 14/3 Today's Market Analysis and StrategyGold technical analysis Daily chart resistance 3000-3030, support below 2950 Four-hour chart resistance 3000, support below 2950 One-hour chart resistance 3000, support below 2980 Gold operation suggestions: From the current trend analysis, we focus on the one-hour level 2980 and four-hour level 2950 first-line support below, and focus on the 3000 integer level break above. If the strength is strong, we will see the first-line pressure near 3030. In terms of operation, we can follow the trend to step back on the one-hour and four-hour support. The intraday price above 2950 is still in the bullish strong area and the target is to see a new high. Buy: 2980near SL: 2975 Buy: 3000near SL: 2995
TVC:GOLDLong
by ActuaryJ
XAUUSD Showing Strength on the 4H Chart📈 XAUUSD Gold 🟡 has been demonstrating strong resilience, maintaining a clear bullish trend on this 4H timeframe. Price action continues to align with an upward trajectory, with my target set at the previous high marked on the chart 🎯. A pullback is expected, potentially offering an opportunity to enter at a discount before a continuation toward the target zone 🚀. ⚠️ Not financial advice—always manage risk appropriately!
FX:XAUUSDLong
by fxtraderanthony
Gold hits new record high as safe-haven assetFor today's short-term operation strategy for gold, it is recommended to do more on pullbacks and short on rebounds. The short-term focus on the upper side is the 2980-2985 line of resistance, and the short-term focus on the lower side is the 2954-2956 line of support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2983-2985, stop loss 8 points, target around 2970-2960, and look at 2955 if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 2954-2956, stop loss 8 points, target around 2965-2975, and look at 2985 if it breaks;
PYTH:XAUUSDLong
by UptonCharlotte
1
Gold Price Analysis March 14⭐️Fundamental analysis Optimistic comments from the White House and Canada, along with news that enough Democrats have voted to avoid a US government shutdown, have boosted investor sentiment. However, gold's gains were capped by a stronger US dollar, which was bought for the third consecutive session. However, expectations that the Fed will cut interest rates multiple times this year could limit the strong recovery of the US dollar. In addition, concerns about former President Trump's tough trade policies and their impact on the global economy continue to support gold prices. This suggests that any correction in gold could be a buying opportunity, helping the precious metal maintain its upward trend for the second consecutive week. ⭐️Technical analysis any pullback today is considered a reasonable buy 2970 is the area where the European session Gold can find deeper and 2953 are the two BUY zones today. The sell zone is still noticeable around the 3000 round resistance and the 3015 border is considered resistance today. When gold has ATH, the FOMO is very high, so this is a difficult time to trade. Pay attention to volume and good capital management.
OANDA:XAUUSD
by TVS-Trader
Gold bulls are close to reaching 3,000After gold broke through the 2830-35 line, it started a bullish trend. I have always been bullish on gold. Friends who follow my articles can see that gold directly broke through the historical high last night and set a new historical high. Gold fell back and continued to rise. Gold is only one step away from 3000. The hourly moving average of gold continued to form a golden cross and diverge upward in a bullish arrangement. After gold broke through on Wednesday night, gold bulls were even better. Gold has now broken through its historical high. If gold falls back to the last high of 2956, it is an opportunity to buy on dips. However, strong markets often have a large decline. If the decline is too large, gold will weaken instead. Then gold can buy on dips when it falls back to 2965-70. The current decline of gold is an opportunity to buy. Gold 3000 is within reach, and it is expected to test and break through 3000 today. From the analysis of the 4-hour gold trend, we focus on the support of 2956-65 below and the suppression of 3000 above. In terms of operation, we can follow the trend to go long. Once a breakthrough occurs, we can continue to follow up in the later stage. In the middle position, we should watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: 1. Buy more when gold falls back to 2965-70, and buy more when it falls back to 2956, stop loss at 2949, target 2995-3000, and continue to hold after breaking through.
OANDA:XAUUSDLong
by EmmaSaxton
Gold 100% Profit SignalGold prices rose, hitting another record high as heightened tariff uncertainty and bets on the Federal Reserve's loosening of monetary policy kept the metal attractive. Spot gold rose 1.46% to $2,972.80 an ounce at press time, reaching an intraday high of $2,978.33, surpassing the previous record high of $2,956.15 set in February. Gold prices could soar to an unprecedented $3,500 an ounce in the third quarter as investors flock to safe-haven assets amid heightened geopolitical tensions. It is predicted that gold prices could average $3,150 an ounce between July and September. Concerns about a possible shutdown of the U.S. federal government also weighed on the market as Senate Democrats failed to agree on a temporary funding bill on Wednesday, adding to uncertainty. Meanwhile, the weakening of US inflation data further reinforced the market's expectations of a rate cut by the Federal Reserve. The US CPI data for February released on Wednesday showed that the overall inflation rate fell from 3% in January to 2.8%, lower than market expectations; the core CPI (excluding food and energy) rose 3.1% year-on-year, also down from 3.3% in January. This data boosted the market's confidence in the Fed's loose policy, and some traders even expected the Fed to cut interest rates by 25 basis points in June, July and October respectively. The rising expectations of rate cuts directly depressed US Treasury yields. Although the US dollar index rebounded slightly from its low since October 16, it still lacked strong momentum for a strong counterattack overall. This environment provides significant support for non-interest-bearing gold. Technical analysis of gold: On Thursday, gold in the U.S. market pushed upward and broke through the high. The price broke through the high of 2956 and then accelerated to rise. The current high is 2978. This position is 100% of the previous round of rise and expansion, which belongs to the resistance area. Pay attention to whether it can suppress the bulls. The amplitude after breaking the high is larger than expected. After gold broke through 2930 yesterday, gold bulls were strong, and no longer the same volatile market as before. Gold bulls began to exert their strength, and gold began to go long in reverse. Gold was directly long at 2933 today, and the article also directly and publicly suggested going long at 2933. Gold rose and harvested. Gold fell back to around 2940 in the U.S. market and continued to go long. Gold rose again and harvested. Gold went long in reverse and won three consecutive victories. In the short term, the current increase of more than 40 US dollars throughout the day is obviously very risky. Going long is also against the trend. The trend belongs to the bulls. The 1-hour moving average of gold continues to cross upward and the bulls are arranged and divergent. The gold bulls are in high spirits. Today we have been emphasizing that gold falling back to 2930 is an opportunity to buy on dips. The gold bulls will become more and more fierce. Gold will rise directly when it falls back to 2939 in the US market. The US market directly breaks the historical high of 2956. Then gold will continue to buy when it falls back to 2956 in the future. Gold is likely to hit a new record high again and go to 2985. Gold has now broken through the shock range, so there is obviously a trend change. Then the only way is to follow the trend and go long. Going with the trend is light and fluttering, and going against the trend is messy. On the whole, the short-term operation strategy of gold today is recommended to focus on callbacks and short rebounds. The short-term focus on the 3000-3010 resistance line on the upper side and the short-term focus on the 2975-2965 support line on the lower side.
OANDA:XAUUSD
by EmmaSaxton
Strong rise to test 2956 again?Before gold broke through the suppression of 2930 yesterday, gold fluctuated, but we have always emphasized that the fluctuation should follow the previous trend. It is also difficult to fall, and every fall is an opportunity to go long! Will there be a new rise today? The low point of 2880 on Monday this week has temporarily become a long defense position, no matter from which angle. If you are bullish, you must rely on this position to defend and look up. The daily line is a big sun, but there are still two mountains to climb, one is to break through the high point of 2956, and the other is to go out of the continuous trend Today, we need to pay attention to when the price will retreat to give us a chance to get on board, and whether it can break the high when it rises again. This is also the key to judging whether the bull market can continue. If the price fails to break the high next time it rises, but it still rises, it will fall into a high-level consolidation. We will make arrangements for this after we go long later. As for today, if the price does not change much, then the 2956 high point suppression is the key point, followed by the support of the top and bottom conversion of 2930! 2956 does not break the air, defend 2962, and the target is 2935-30! For long orders, look at the support near 2930 to enter the market at an appropriate time!
OANDA:XAUUSDLong
by EmmaSaxton
Gold market trend analysisGold trend analysis: Gold price broke through the suppression level of 2930 last night, and there was a correction in the early morning. The correction was also above 2930 and then rose. As of the time of writing, the gold price was trading around 2941. Although the previous shock range broke upward, today we need to pay attention to whether the gold price can test the previous high of 2956, and secondly pay attention to the support of the resistance-to-support level of 2930, mainly because the recent rhythm is that there is no continuity in the rise and fall. From the hourly level, the gold price broke down to 2880 at the end of Monday, and recovered the decline at the opening of Tuesday, and crossed the previous day's high, so this upward breakthrough also needs to pay attention to the situation of the correction. After 2930 is broken, the next resistance can refer to the previous high of 2954. The short-term support below is 2930, followed by the position of 2906, which has been repeatedly corrected on the way up. Since the gold price has broken upward, today's trend will be extended to wait for the correction to go long, and the second is to go short after touching the previous high to see a wave of correction. If the European session directly corrects and falls below 2930, then adjust the thinking to execute the high short to see 2906. 1. In the early trading, if the price falls back to around 2828, take a long position with a light position and look at the upside, protect the position of 2820, and target around 2945; 2. If the price fluctuates around 2940 in the early trading, then you can directly go long in the European trading and look at the upward trend, protect 5 points, and target around the previous high of 2956; 3. If the upward trend continues in the early trading, short at 2956 and look for a retracement, protect 5 points, and target 2940; 4. If the price falls below 2920 in the European trading, then adjust the thinking to rebound and short, and analyze this in the future market.
OANDA:XAUUSD
by EmmaSaxton