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Xauusdbuy

Moody's downgrade hits the US dollar!In today's Asian session, gold rose slightly after opening and then turned down, falling to a low of $3204/ounce before rebounding, and consolidating in a narrow range of 3210-3220. After entering the European session, gold strengthened, reaching a high of around $3239. Technically, the 2-hour MACD indicator formed a golden cross, and the gold price has stabilized on the middle track on the 3-hour chart, but the 2-hour Bollinger band opening narrowed, indicating that the price fluctuation space is limited. Based on the current trend, it is recommended to adopt a buy on dip strategy. Operation strategy: Gold is recommended to buy near 3225 when it falls back, with a stop loss at 3202, and a target of 3235-3245. Hold if it breaks.
PYTH:XAUUSDLong
by RoryKelvin
1
Gold 200% Profit SignalYesterday, it rose and fell, and stopped falling again at the middle track, indicating that the middle track can be used as a watershed in this cycle. If it runs above it, the shock will be strong. In addition, the 618 division position 3317-18 line broke through again, and the short-term 5-day moving average supported at 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, it is necessary to be careful of the high and fall. At the hourly gold line level, gold is under pressure below 3315, with support at 3280-90, and repeatedly fluctuates at the bottom. This morning, it was still running back and forth under the suppression of the middle track 3305, but the low point gradually moved up. Finally, under the continued weakness of the US dollar, the gold price finally stood on the middle track, and directly reached 3330 with a strong force. 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, gold will naturally become the top and bottom support, and the 10-day moving average will move up and approach 3320. For the rise of gold, the European session will maintain resistance to falling, and gold still tends to rise further. Pay attention to the stabilization of the 3320-3315 support and continue to be bullish. The resistance target is 3370-3380; if it is unexpectedly effectively lost, pay attention to 3340. Gold US session strategy: It is recommended to go long at 3330, stop loss at 3320, and the target is 3350-3360; it is recommended to go short once when it touches 3370 above, stop loss at 3380, and the target is around 3340-3330
OANDA:XAUUSD
by piisb8sae
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
OANDA:XAUUSD
by BarryDouglass
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
OANDA:XAUUSD
by BarryDouglass
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
FOREXCOM:XAUUSDLong
by China_MsWang
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.
OANDA:XAUUSDLong
by GoldMasterTrades
3
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.
TVC:GOLDLong
by Band_analysis
The gold trend takes a sharp turn, is a bear market coming?🗞News side: 1. PMI and initial jobless claims data 2. Geopolitical situation 3. Progress of the G7 meeting 📈Technical aspects: During the Asian session, gold prices approached a two-week high. However, as the market digests the previous positive news and European and American economic data are about to be released intensively, gold's short-term trend faces uncertainty. The key data that everyone needs to pay attention to today include the May PMI data and the number of initial jobless claims in the United States. At the same time, the international trade situation, geopolitical dynamics, the progress of the G7 meeting and the speeches of Federal Reserve officials may have an impact on the market, so it is recommended that everyone keep a close eye on the impact of the news. Judging from the 4H market trend, the US market is paying attention to the short-term support around 3280-3275. Once it stabilizes above 3280, you can arrange to go long. On the contrary, once it falls below 3280-3275, it is possible to fall to the important support area of 3260-3250. 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
OANDA:XAUUSDLong
by AllenBoswell
Gold 100% Profit SignalGold hit the highest point of 3345 today and started to fall back. We also directly shorted at 3341, and successfully reached the target of 3310-15. Friends who follow my articles and real traders can see that the short-term decline of gold does not change the bullish trend. Gold rose by about 100 US dollars after breaking through the box shock, so it is normal to fall back a little. The key to gold in the US market is still the support of 3295-3300. If gold continues to test the support of 3300 and the rebound is weak, then the difficulty of gold rising in the US market will increase, and gold may have to consider high altitude. For now, the advantage of gold bulls still exists Judging from the 4-hour market trend, the short-term support below is around 3275-3280, with a focus on the 3253-60 support. The short-term bullish strong dividing line is 3253. If the daily level stabilizes at this position, the bullish rhythm of pulling back to lows and buying on the trend will remain unchanged. Gold operation strategy: 1. Go long when gold falls back to 3290-3295, add more when it falls back to 3275-80, stop loss at 3269, target at 3316-3320, break to 3340-45; 2. If gold rebounds to 3340-45 but does not break, go short with a light position, stop loss at 3353, target at 3300-3306
OANDA:XAUUSD
by BarryDouglass
The latest gold operation strategyFrom a technical perspective, gold has been strong recently. Spot gold closed at $3,289.54 per ounce on Tuesday, and further broke through $3,300 in early trading on Wednesday, reaching a high of $3,304.06, a new high in more than a week. In the short term, gold prices need to break through the key resistance level of $3,370 to open up further upside space; $3,150 has formed a solid support below. If there are new variables in the geopolitical situation or economic data, gold prices may even challenge the $3,400 mark. Based on the current trend, the trading idea on Wednesday is clear: wait for the price to fall back and continue to intervene in long orders around 3,300, and maintain a bullish strategy. Gold is recommended to go long in the 3300-3305 area, stop loss at 3292, target at 3315-3330
OANDA:XAUUSD
by BarryDouglass
Gold surges and then falls back to repair the divergenceMainly due to the tense global geopolitical situation and the weak performance of the US dollar, the attractiveness of gold as a safe-haven asset has been strengthened, and the gold price has risen driven by safe-haven buying. According to CNN reports, the United States and Iran are negotiating on the uranium enrichment plan, and Israel may be ready to attack Iran's uranium enrichment plant, which has rapidly heated up the market's risk aversion sentiment; the US sovereign rating has been downgraded to AA1, and the dollar hegemony may loosen. At the same time, Trump's tax reform bill may lead to a significant increase in the fiscal deficit in the near future. Concerns about the US fiscal situation also provide support for gold prices. On the daily chart, gold rebounded continuously, setting a new high for the week, but the gold price rose and fell during the day, and it is necessary to pay attention to the risk of short-term correction. For the support below gold, pay attention to the low point of $3285, which is the middle track position of the daily Bollinger band and the main pressure position after the gold rose on Tuesday. The second is the gold rise and breakthrough position of $3250 on Tuesday; for the pressure above gold, pay attention to the high point of gold on Wednesday at $3325, which is the upper track position of the monthly Bollinger band, and the second is the high point of gold on the day at $3345. The increase this week should not be so large, there should be short pressure. But the bullish sentiment is particularly optimistic at present. The 4-hour and 1-hour Bollinger Bands are both running upward, and the moving average is in a bullish arrangement; the daily line has risen strongly for 4 consecutive days. It should be noted that there will be a lot of short pressure near 3350, and if you want to continue to move forward, you must stabilize the 3350 mark.
ICMARKETS:XAUUSDShort
by NeilSteele
Gold surged then fell below 3300! 3255-3265 is now the bull-bear📈Today, riding the wave of its prior rally, gold skyrocketed to a high of around 3345! However, the market had a plot twist 📉—as of now, the precious metal has plunged back below the 3300 mark, bottoming out near 3285. If it breaks beneath 3280, watch out! ⚠️ It might charge towards the lower 3255-3265 range next. The 3255-3265 zone is like a multi-functional checkpoint 🚦: it's not just the current daily moving average support, but also a crucial historical pivot point. What's even more interesting? During gold's recent upward surge, this very range acted as a tough resistance wall 🛡️, making every breakthrough attempt a nail-biter! Gold Trading Strategies sell@3285-3290 tp:3255-3260 buy@3255-3265 tp:3300-3310 Professional trading strategies are pushed daily 📊 Lock in precise signals amid market fluctuations 🚀 Confused about market trends? Stuck in strategy bottlenecks? Real-time strategies serve as your "trading compass" 🌐 From trend analysis to entry/exit points, dissect market logic comprehensively Refer now 📲 Help you move steadily forward in investments ✨ 👇👇👇
OANDA:XAUUSDShort
by LenBessemer
5/22 Gold Trading SignalsGood afternoon everyone! Yesterday's trading session was a bit bumpy, but in the end, we achieved considerable profits. Today, gold rose to around 3346 and then began to pull back. It is now approaching the 3300 support level. 🔍 From a technical perspective, the candlestick structure and several indicators suggest that bears may still attempt further downside: Primary support area: 3288–3276 — if this holds, a rebound is expected, with resistance around 3309–3316. Secondary support area: 3263–3248 — if it breaks lower, watch for a short-term bounce around 3276-3282. 📰 On the news front, Initial Jobless Claims and PMI data will be released today. These could trigger short-term volatility. 📌 Trading strategy for today includes two key scenarios: If the data is bearish for the dollar and gold drops to 3253, look for buy opportunities. If the data is bullish and gold rises to 3358, it's a good spot to sell into strength. 📈 Today’s Trading Recommendations: 📉 Sell near 3358–3372 (Resistance zone) 📈 Buy near 3263–3248 (Support zone) 🔁 Flexible intraday levels: 3253 / 3268 / 3277 / 3286 / 3298 / 3309 / 3316 / 3328 / 3348 Wishing everyone a smooth trading day. Feel free to leave a comment if you have any questions—I’ll get back to you as soon as possible.
FOREXCOM:XAUUSDLong
by China_MsWang
Intraday volatility,there is still chance to go long on pullback🗞News side: 1. The situation in Israel escalates 2. Initial jobless claims data 📈Technical aspects: Influenced by recent news, gold showed a volatile rebound trend. Gold continued to rise in the early Asian session, r OANDA:XAUUSD eaching a high of around 3345. The 3290-3300 level below has absolute support in the short term. As long as it does not fall below 3290, you can go long at 3290-3300. In the 4H cycle, the Bollinger opening and the moving average diverge upwards. The upward momentum is sufficient, and it is not easy to guess the top. Pay attention to the 3310-3300 line of support below, and pay attention to the suppression of the 3340-3350 area above. If the gold price stabilizes at 3350, it is expected to further explore the resistance of 3360-3370. If the European session falls into volatility, maintain the range of high selling and low buying, and consider going long when it retreats to the support level of 3320-3310. 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:XAUUSDLong
by AllenBoswell
XAUUSD✅ Second Trade of the Day – XAUUSD The second trade of the day comes from Gold (XAUUSD). Just like BTC, gold has shown strong bullish momentum in recent days. I’m looking to take advantage of this minor pullback within the broader uptrend — a classic continuation setup on the 15-minute chart. 🔍 Trade Details: ✔️ Timeframe: 15-Minute ✔️ Risk-to-Reward Ratio: 1:2 ✔️ Trade Direction: Buy ✔️ Entry Price: 3330.72 ✔️ Take Profit: 3341.37 ✔️ Stop Loss: 3325.42 🔔 Disclaimer: This is not financial advice. I'm simply sharing a trade I'm personally taking based on my own system, strictly for educational and illustrative purposes. 📌 If you're interested in a more systematic and data-driven trading approach: 💡 Follow the page and enable notifications to stay updated on future trade setups and advanced market insights.
FX:XAUUSDLong
by Nurlan_PT
1
Gold 1-Hour Breakout Play • 3 210 3 340 • R : R 1 : 4🔍 Quick Chart Take * 📉 Overall trend: down (still under the 200-MA) * 🔺 Pattern forming: ascending triangle / wedge ➡️ potential breakout 📦 Zones * 🟢 Demand / Entry: 3 181 – 3 210 * 🚧 Resistance cap: 3 235 – 3 250 * 🎯 Target: 3 340 ⚔️ Trade idea * ✨ Long at 3 210 * 🛑 Stop-loss 3 181 * 🏆 Take-profit 3 340 * 📏 R : R ≈ 1 : 4 👀 Watch for * ✅ 1-h close above 3 250 ➡️ breakout confirmed * ❌ Break of rising trendline or dip under 3 181 ➡️ idea dead * 🗓️ Upcoming USD news (flag icon) & Dollar Index moves 🔑 Bottom line: Bullish pop inside a bigger bear trend—momentum play, keep the stop tight!
OANDA:XAUUSDLong
by Jameshead007
18
How to arrange after gold falls into consolidation🗞News side: 1. US officials said Trump's statement was related to the Golden Dome Project, which may affect the flow of funds 2. The tension in the Middle East has intensified, and the risk aversion sentiment has increased, which is good for gold 3. Although the withdrawal of Indian and Pakistani troops has eased the regional situation, geopolitical risks still exist 4. Trump mentioned the tax bill, which affected economic expectations and affected gold investment sentiment to a certain extent. 📈Technical aspects: At present, gold is in consolidation, and the upward trend is slightly stagnant. From the hourly chart, there are signs of downward correction after the upward test of 3320. In the short term, the upper 3320 line has a certain suppression, so gold may test the support again and then rise after stabilizing. Then the first support below is the 3292 line, followed by the 3285 line. If it falls below, it may test the two key support points of 3273 and 3265. The current trend is not clear. In the future trading, we will wait patiently for the gold price to stabilize before entering the market. 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
OANDA:XAUUSDLong
by AllenBoswell
7 Gold Trades That Banked Over $2,500 LAST WEEK – Steal My StratMy strategy is straightforward: I trade order blocks, target premium/discount zones, and capitalize on liquidity sweeps. When these three signals align on the chart, I enter without hesitation. Gold triggered a strong reaction off a bullish order block at $3192-3120 after forming it on May 15th( also can be seen as STB), confirming a robust uptrend and a global reversal from a deep discount zone( can be seen on 4h time frame). For the bullish momentum to solidify, price must break and close above $3250 So i will keep an eye on GOLD chart and prefer long trader to shorts
CAPITALCOM:GOLDLong
by Almenio
Gold is rising strongly, can it retreat and go long today?🗞News side: 1. US officials said Trump's statement was related to the Golden Dome Project, which may affect the flow of funds 2. The tension in the Middle East has intensified, and the risk aversion sentiment has increased, which is good for gold 3. Although the withdrawal of Indian and Pakistani troops has eased the regional situation, geopolitical risks still exist 4. Trump mentioned the tax bill, which affected economic expectations and affected gold investment sentiment to a certain extent. 📈Technical aspects: Yesterday we gave the view that there would be suppression at the 3290 level above, but affected by geopolitics, risk aversion sentiment rose again. Today, the moving average spread upward, and the Bollinger Bands opened and expanded, and the situation is still bullish. At present, we need to pay attention to the key short-term support level, focusing on the 3280-3285 support line. If the price retreats to this level and does not weaken, it can be considered as an opportunity for us to go long. If the resistance of 3320 is broken through strongly, the upper target will move up, and the lower support will also move up accordingly. 3300 will be converted into an entry opportunity for bulls to pull back. Therefore, we need to observe the price continuity in the European session. If the European session continues to break highs, the US session's correction will still be mainly based on long positions. During the day, it is recommended to wait for gold to retreat to 3290-3280 and try to arrange long positions, looking upward to 3320-3330. 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
OANDA:XAUUSDLong
by AllenBoswell
5/21 Gold Trading SignalsGood afternoon, everyone! In yesterday’s trading, our buy-side positions performed well, but unfortunately, sell orders around 3280 weren't closed in time, resulting in a partial loss of profit. Today, gold has shown impressive strength, breaking above the 3300 level and forming an irregular inverse head-and-shoulders pattern. Technically, this implies further upside potential. 🔍 Based on price action and technical patterns, this rally could extend beyond 3330, and even test 3350+. However, the 3346–3369 zone marks a strong resistance band, making it an ideal zone for medium-term selling opportunities. 📉 On the downside, we identify the first major support at 3278, followed by the 3261–3246 zone. 📰 On the news front, several Fed officials expressed economic concerns in speeches early this morning. Meanwhile, reports of Israel preparing to strike Iran’s nuclear facilities fueled safe-haven demand, pushing gold strongly back above the 3300 mark. 📌 Today's Trading Strategy: Sell between 3346–3373 (consider scaling in) Buy between 3260–3243 Flexible trading in the zones: 3338 - 3326 - 3318 -3309 -3298 - 3288 - 3272 Lastly, a heartfelt thought: Living in a peaceful country like China, it's truly heartbreaking to see so many innocent children suffering or even losing their lives due to war. Let us hope for peace soon—so all people may live safely, freely, and happily.
FOREXCOM:XAUUSDShort
by China_MsWang
How to grasp the bottoming out and rebound of gold prices?Gold rebounded from 3229 today and then retreated from 3232. It rebounded from 3204. Gold fluctuated upward in the European session. So far, it has fluctuated from 3237. Our short position was successfully closed this morning. At present, we will focus on the short-term suppression at 3240-45 and the important suppression at 3253-60. If the rebound does not break, we will go short. From the 4-hour line analysis, the support below continues to focus on 3170-75, with strong support at 3150. The short-term pressure above is at 3240-45, and the key pressure is around 3253-60. The overall support range is to maintain the main tone of high-altitude and low-multiple cycles. For the middle position, watch more and do less, and be cautious in chasing orders. Gold operation strategy: 1. If gold rebounds to 3240-45, short it; if it rebounds to 3253-60, cover short position; stop loss 3266; target 3205-10; if it breaks, continue to hold; 2. If gold falls back to 3170-75, long it will be lightly long; if it falls back to 3150-55, cover long position; stop loss 3144; target 3226-3230; if it breaks, continue to hold
OANDA:XAUUSD
by BarryDouglass
The latest gold operation strategyFrom a technical perspective, gold has been strong recently. Spot gold closed at $3,289.54 per ounce on Tuesday, and further broke through $3,300 in early trading on Wednesday, reaching a high of $3,304.06, a new high in more than a week. In the short term, gold prices need to break through the key resistance level of $3,370 to open up further upside space; $3,150 has formed a solid support below. If there are new variables in the geopolitical situation or economic data, gold prices may even challenge the $3,400 mark. Based on the current trend, the trading idea on Wednesday is clear: wait for the price to fall back and continue to intervene in long orders around 3,300, and maintain a bullish strategy. Gold is recommended to go long in the 3300-3305 area, stop loss at 3292, target at 3315-3330
OANDA:XAUUSD
by BarryDouglass