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Xauusdlong

#XAUUSD: Smaller Time Frame With More Accurate Entry Areas! We currently have several active ideas in the Gold analysis section. However, we would like to share a comprehensive chart analysis that clearly demonstrates a market trend and potential entry points. The analysis identifies two entry types: “safe” and “risky.” A “safe” entry is only valid if the “risky” entry is invalidated. You may choose to take either entry if it aligns with your trading bias and chart analysis. If you find this analysis valuable, please consider liking and commenting on it, as this feedback will help us post more detailed analyses in the future. As always, we express our sincere gratitude for your unwavering support. Team Setupsfx_
OANDA:XAUUSDLong
by Setupsfx_
8
Gold's oscillation convergence is about to break!Technical analysis of gold: Gold has slightly risen and fallen during the day and is generally in a volatile trend. Gold is currently temporarily maintaining a narrow range of fluctuations on the daily trend, but the short-term moving average has begun to gradually diverge downwards, and there are signs of weakening in the short term on the daily line. The 4-hour level trend is temporarily maintained in a volatile state, and the price is temporarily compressed between 3010-3030. The short-term moving average continues to maintain a state close to adhesion and flatness, tending to maintain a volatile trend in the short term. It is necessary to pay attention to the continued downward trend after a small break in the 4-hour level trend. In the small-level cycle trend, there are signs of a small stabilization after touching the previous support band, and pay attention to the short-term adjustment. Today's short-term gold operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the first-line resistance of 3030-3036, and the lower short-term focus is on the 3010-3012 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3030-3032, stop loss at 3055, target around 3020-3015, and look at the 3010 line if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 3010-3012, stop loss at 8 points, target around 3020-3025, and look at the 3030 line if it breaks;
OANDA:XAUUSDLong
by BenedictLuc8
3/31 Gold Trading StrategiesThe five-wave upward movement in gold has been completed. Next, we expect a period of consolidation around 3130, forming a short-term top before a potential pullback. However, during this consolidation phase, there is a possibility of a price surge, though the probability is low. Trading Suggestions: For conservative traders: Avoid rushing into positions. It’s better to wait for a pullback and the confirmation of a secondary top before entering trades. For aggressive traders: You may enter at the current price, but be cautious with your position sizing and leave room for potential additions. Based on the magnitude of the previous upward movement, the expected retracement zone is around 3110-3096, where a minor support level may form. Trading Strategy: 📉 Sell in the 3121-3131 range 📈 Buy in the 3105-3090 range Trade carefully
OANDA:XAUUSDShort
by China_MsWang
GOLD: What to do if you Hold a Short position?Gold is rebounding. Pay attention to the resistance above 3020. At present, we can see obvious selling pressure on the 2H chart. MACD has formed a divergence. 2H is a larger period. Its form is short, which means that tomorrow or the day after tomorrow, the market will fall sharply. In addition, the divergence of MACD is sometimes repaired by shock market. This situation is not uncommon, so when trading, we need to focus on the support. Judging from the current candlestick chart arrangement, there is support near 3100, followed by the 3096-3088 range. If a larger divergence pattern is to be formed, the price may reach the 3036-3048 range. At that time, there is no need to hesitate too much, just sell it.
OANDA:XAUUSDShort
by Trading_King_Arthur
Strong acceleration to the top? Gold trading analysis strategyGold early layout plan: Long and short strategies in the real market all the way to stop profit, lucrative profits, witnessed by the whole network! News: On the fundamentals, last week's re-strengthening, in addition to the escalation of tensions in the global economy and trade, there is also support from the Middle East tensions and the optimistic impact of the Ukraine negotiations that are not as expected; and this week will usher in Trump's tariff week, and countries are currently relatively tough and oppose the unilateral imposition of tariffs by the United States. And a comprehensive response is about to be made. This will increase economic concerns and the safe-haven demand for gold. Therefore, although there are some profit-taking and resistance suppression in the gold price at present, under the mutual game of global trade tariffs and the intensification of geopolitical tensions, a temporary retracement is still creating entry opportunities for bulls, and in the short term, it is still expected to refresh the historical high to around US$3,150. In the day, we will pay attention to data such as the Chicago PMI in March and the Dallas Fed Business Activity Index in March in the United States. It is expected that the impact will be limited. According to the trend of last week, there is also momentum for strengthening again. Therefore, the day will still be bullish and rebound-oriented. This week, the focus will be on the implementation of global trade tariffs on Wednesday and the non-farm payrolls report on Friday, which may strengthen gold's safe-haven appeal. Other important data include Tuesday's ISM manufacturing PMI and JOLTS job openings, Wednesday's ADP employment, and Thursday's ISM non-manufacturing PMI and initial jobless claims. Gold technical analysis: Gold technical analysis: Gold is really simple, you can make money with your eyes closed, and now it has reached the point where everyone can make money. On the contrary, I began to become cautious and timid. Gold jumped high in the early trading, quickly sold off and washed the market, and successfully got many people off the bus with a trick of fishing for the moon in the bottom of the sea, and then pulled up all the way, which was really strong. I emphasized before that gold would not peak if it did not soar by hundreds of dollars, and now this rhythm is getting closer and closer. Today, it rose by 50 US dollars a day. I dare to guarantee that there will be another day of 100 US dollars this week, which means that the top is just around the corner. Go long with the trend, but don't be a long-term investor. Today, we will focus on the breakout of 3127-30. If it fails to break higher, then this point may become a short-term high point. It is best to go long when it falls back to around 3100-3105. Finally, I would like to advise the majority of retail investors that when the market fluctuates violently, if you cannot control yourself and go with the trend, overall, today's short-term operation strategy for gold is to go long on pullbacks and go short on rebounds. The short-term focus on the upper resistance of 3128-3130 and the short-term focus on the lower support of 3100-3097. Friends must keep up with the rhythm. Maintain the main pullback and go long. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the session, and pay attention to it in time. If your current gold operation is not ideal, I hope that your investment can avoid detours. Welcome to communicate with us! Gold operation strategy: Go long on the 3100-3105 line of gold. Trading discipline: 1. Don’t blindly follow the trend: Don’t be swayed by market sentiment and other people’s opinions. Follow your own operation plan. Market information is complicated and blindly following the trend can easily lead to the dilemma of chasing ups and downs. 2. In gold trading, we will continue to pay attention to news and technical changes, inform us in time if there are any changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation. (Note: The above strategy is based on the current trend, and will be adjusted according to real-time fluctuations during trading. It is for reference only)
OANDA:XAUUSDLong
by TP_Daniel1
Gold's Historic Ascent: Breaking the $3,100 Barrier Gold, the timeless safe-haven asset, has surged to unprecedented heights, breaching the $3,100 per ounce mark for the first time in history. This remarkable rally, fueled by a confluence of geopolitical tensions and economic anxieties, underscores gold's enduring appeal as a hedge against uncertainty. The recent surge, surpassing the previous record set just days prior, signals a potent shift in investor sentiment, driven significantly by the United States' imposition of new levies. The Catalyst: US Levies and Geopolitical Turmoil The primary catalyst for gold's dramatic ascent is the escalating geopolitical landscape, particularly the United States' implementation of new levies. These levies, often associated with trade disputes and economic protectionism, inject uncertainty into global markets. Investors, seeking to mitigate potential losses, flock to safe-haven assets like gold, driving its price upward. Beyond the immediate impact of US levies, a broader sense of economic fragility permeates the market. Concerns about inflation, rising interest rates, and potential economic slowdowns have created a climate of apprehension. In such environments, gold's historical role as a store of value becomes increasingly attractive, bolstering its demand. Gold's Safe-Haven Status: A Time-Tested Phenomenon Gold's allure as a safe-haven asset is deeply rooted in its intrinsic properties and historical performance. Unlike fiat currencies, which are susceptible to inflation and government policies, gold retains its value over long periods. In times of economic and political instability, gold tends to outperform other asset classes, serving as a reliable hedge against market volatility. This safe-haven status is further reinforced by gold's limited supply and its universal recognition as a valuable asset. The precious metal's physical nature and its role in various industries, from jewelry to electronics, contribute to its enduring demand. The Market Reaction: A Surge in Investor Confidence The surge in gold prices reflects a significant shift in investor confidence. As traditional investment avenues become increasingly risky, investors are turning to gold as a means of preserving capital. The influx of funds into gold-backed exchange-traded funds (ETFs) and other gold-related investments underscores this trend. The market's reaction also highlights the interconnectedness of global economies. The US levies, while originating from a single nation, have reverberated across international markets, triggering a flight to safety. This demonstrates the profound impact of geopolitical events on investor behavior and asset prices. Analyzing the Price Surge: Factors at Play Several factors contribute to gold's current price surge: • Currency Fluctuations: A weakening US dollar can make gold more attractive to investors holding other currencies. • Inflationary Pressures: Rising inflation erodes the purchasing power of fiat currencies, increasing the appeal of gold as an inflation hedge. • Interest Rate Policies: Lower interest rates can reduce the opportunity cost of holding gold, as it does not generate interest income. • Geopolitical Instability: Political conflicts, trade disputes, and economic sanctions create uncertainty, driving demand for safe-haven assets. • Central Bank Purchases: Central banks often hold gold reserves as a hedge against currency fluctuations and economic instability. Their purchasing activity can influence gold prices. • Looking Ahead: The Future of Gold Prices Predicting future gold prices is inherently challenging, as they are influenced by a complex interplay of factors. However, several trends suggest that gold's upward trajectory may continue: • Persistent Geopolitical Tensions: Ongoing political conflicts and trade disputes are likely to sustain demand for safe-haven assets. • Economic Uncertainty: Concerns about inflation, rising interest rates, and potential economic slowdowns are expected to persist. • Increased Investor Interest: The recent surge in gold prices has attracted significant investor attention, potentially leading to further inflows of funds. However, potential headwinds could also impact gold prices: • Strengthening US Dollar: A stronger US dollar could make gold less attractive to international investors. • Rising Interest Rates: Higher interest rates could increase the opportunity cost of holding gold. • Improved Economic Outlook: A more optimistic economic outlook could reduce demand for safe-haven assets. The Significance of Gold's Milestone Gold's breach of the $3,100 mark is a significant milestone, reflecting the profound impact of geopolitical tensions and economic anxieties on global markets. It underscores gold's enduring role as a safe-haven asset and its ability to preserve value in times of uncertainty. As investors navigate the complexities of the global economy, gold is likely to remain a key component of diversified investment portfolios. Its historical performance, intrinsic properties, and universal appeal make it a compelling asset in an increasingly uncertain world.
TVC:GOLDLong
by bryandowningqln
Gold surges and then falls, indicating an imminent fallGold early stage layout plan: Long and short strategy all the way to stop profit in the actual market, huge profits, witnessed by the whole network! Technical analysis of gold: At present, Trump's tariff policy will be officially announced on Wednesday. Today, Asian stock markets fell across the board in the Asian session, because Asian stock markets opened the earliest. According to historical laws, the stock market's reaction is the fastest. European stocks may also fall across the board. The short-term decline in the stock market often brings a short-term rebound in the price of gold. Focus on the trend of the US stock market. Once the US stock market falls sharply and rapidly, it is often accompanied by a rapid decline in the price of gold. In the morning, the price of gold has rebounded by more than 50 points from the low of 3076 to 3127. After rebounding by more than 50 points, we can intervene in short selling at 3120-25, and close the position when it falls back to around 3105-15. Today, the European and American sessions focus on the breakout of 3127-30. If the European session fails to break higher, then this point may become a short-term high point. It is best to take long positions when it falls back to around 3105-3100. Finally, I would like to advise all retail investors that when the market fluctuates violently, if you cannot control yourself and go with the trend, then shorting may be the best choice. It is better not to do it than to make mistakes! Watching more and doing less is also a suitable strategy. I will remind you of the specific operation strategy during the trading session, and you should pay attention to it in time. If your current gold operation is not ideal, I hope that your investment can avoid detours. Welcome to communicate and exchange! Gold operation strategy: short gold at 3120-25, target 3105-3115, and go long at 3110-3100. Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions, and operate according to your own operation plan. Market information is complicated and blindly following the trend is easy to fall into the dilemma of chasing ups and downs. 2. In gold trading, we will continue to pay attention to news and technical changes, inform you in time if there are any changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation. (Note: The above strategy is based on the current trend, and will be adjusted according to real-time fluctuations during trading. It is for reference only)
OANDA:XAUUSDShort
by TP_Daniel1
GOLD:Short positions are dominant in New York sessionToday, gold jumped higher and opened higher. After filling the gap, it continued to rise, breaking through the 3100 mark and approaching 3130. The excessive and rapid rise caused the MACD indicator to diverge, giving us the opportunity to short this time, from which we gained 1000+ points of profit. Together with the profit of nearly 2000 points in the Asian session, we have gained more than 3000 points of profit today. At present, the price is still falling, with weak support roughly around 3107 and strong support around 3098. Before the start of the US session, the price is expected to fluctuate in the 3100-3130 area. There will be large fluctuations after the opening, and the possibility of falling from a high position is greater, so the US session can pay more attention to the opportunity to short at a high position.
OANDA:XAUUSDShort
by Trading_King_Arthur
GOLD Price Analysis: Key Insights for Next Week Trading DecisionGold surged to a record high of $3,086 last week as investors dumped Equities and Crypto for safe-haven assets. With rising inflation concerns and uncertainty surrounding Trump’s tariffs, fears of a US recession or stagflation are driving the market. 📈 Will Gold continue its rally, or is a pullback coming? In this video, I break down my thought process and how I’m strategically positioning for the next big move. #GoldPrice #XAUUSD #MarketAnalysis #GoldTrading #Forex #Inflation #SafeHaven #TradingStrategy Disclaimer: Forex and other market trading involve high risk and may not be for everyone. This content is educational only—not financial advice. Always assess your situation and consult a professional before investing. Past performance doesn’t guarantee future results.
PEPPERSTONE:XAUUSD
by darcsherry
8
XAUUSD:Tomorrow, focus on going long on pullbacksLast Friday, influenced by both the evening market sentiment and capital flows, gold had a relatively high probability of rising overall. However, after the release of the PCE inflation data, the market reaction was poor as the data was bearish. Gold failed to directly break through the previous high and reach a new peak. It was evident that the gold price did not hold firm above 3086, dropping rapidly after touching that level twice. Thus, one should not blindly chase long positions. If the gold price breaks below 3060, a genuine adjustment may ensue. Overall, for tomorrow's short-term trading of gold, the trading approach should mainly involve going long on pullbacks and be supplemented by selling short on rebounds. In the short term, closely monitor the resistance level at the 3095-3100 range on the upside, and the support level at the 3070-3065 range on the downside. 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:XAUUSDLong
by LeoBlackwood
Gold Spot (XAU/USD) Analysis: Bullish Pennant Breakout to Target1. Overview of the Chart This 4-hour chart of Gold Spot (XAU/USD) presents a bullish pennant pattern, which is a strong continuation formation, indicating that the price is likely to continue its upward trajectory. The price action has followed a clear trend structure, and we can identify key support and resistance levels, breakout points, and potential profit targets. This analysis provides a comprehensive breakdown of the chart setup, including: The technical pattern formation Key support and resistance zones Trade setup with an ideal entry, stop loss, and profit target Risk management considerations Market conditions and external factors to monitor 2. Breakdown of the Chart Pattern: Bullish Pennant Formation Understanding the Bullish Pennant Pattern A bullish pennant is a continuation pattern that occurs after a strong upward movement (known as the "flagpole"). The market then consolidates within a small triangular shape, forming the pennant. This consolidation is seen as a temporary pause before the next bullish move. Key Characteristics of the Pennant in this Chart Flagpole Formation: The steep rally before the pennant formed represents a strong bullish impulse, driven by increased buying pressure. This rapid price increase set the foundation for the pennant pattern. Consolidation (Pennant Formation): Price action moved within converging trendlines, forming a symmetrical triangular pattern. The market temporarily paused, as some traders took profits while others awaited further momentum. This type of consolidation is common before the price resumes its trend. Breakout from the Pennant: The bullish breakout above the upper trendline of the pennant confirms the continuation of the uptrend. A strong breakout suggests renewed buying interest, likely pushing prices toward the next resistance level. 3. Key Technical Levels on the Chart A. Resistance Level (Potential Selling Zone) A critical resistance zone is marked between $3,100 - $3,125, where selling pressure could emerge. If the price faces rejection in this zone, a temporary retracement could occur before another push higher. A breakout above this resistance level would further strengthen the bullish case, possibly pushing gold toward the $3,175 - $3,200 range. B. Support Level (Demand Zone) The support zone is around $3,025 - $3,017, which is the last significant swing low. This level represents a strong buying area where traders may look for re-entry on a pullback. A break below this support could invalidate the bullish setup, signaling a shift in market sentiment. C. Trendline Support (Dynamic Support) The dashed black trendline represents an uptrend support. If price retraces toward this level and holds, it may offer another buying opportunity before resuming its uptrend. A break below this trendline would be a warning signal, suggesting a weakening of bullish momentum. 4. Trade Setup and Execution Strategy A. Entry Strategy The ideal entry point was upon the confirmed breakout above the pennant, around $3,075 - $3,085. Aggressive traders may have entered at the breakout itself. Conservative traders may wait for a pullback to retest the breakout zone before entering, ensuring confirmation. B. Stop Loss Placement (Risk Management) A stop loss is placed below the support zone at $3,017 to minimize downside risk. This placement protects against false breakouts or unexpected market reversals. Keeping a tight stop loss allows for a higher risk-to-reward ratio while maintaining a disciplined approach. C. Profit Target Projection (Expected Price Movement) The target price is determined using the measured move approach, where the height of the flagpole is added to the breakout point. The expected profit target is in the range of $3,175 - $3,200, offering a potential upside of 4.29% from the breakout level. If price maintains its bullish momentum, further gains could be expected beyond the target zone. 5. Risk Management & Considerations A. Risk-to-Reward Ratio (RRR) This trade setup provides a favorable risk-to-reward ratio (RRR). With an entry near $3,085, a stop loss at $3,017, and a target around $3,175, the trade offers a reward-to-risk ratio of approximately 3:1. This ensures that even if the trade does not succeed, the risk is controlled while allowing significant upside potential. B. Factors That Could Invalidate the Setup Failure to sustain the breakout: If price falls back below the pennant, the setup may be invalid. Break below the support zone ($3,017): This would signal a possible trend reversal. Weak volume on breakout: A lack of volume could indicate a false breakout, leading to price retracement. C. Alternative Trade Scenarios Scenario 1: Retest & Continuation: If price pulls back to retest the breakout zone ($3,075 - $3,085) and holds, traders can look for another buying opportunity. Scenario 2: False Breakout & Reversal: If price falls below the support level ($3,017), traders should exit long positions and re-evaluate market conditions. 6. Market Conditions & External Factors to Monitor A. Gold’s Correlation with USD & Interest Rates Stronger USD → Downward Pressure on Gold Weaker USD → Bullish Gold Trend Interest rate decisions from the U.S. Federal Reserve play a significant role in gold prices. B. Economic Events & News Impact Inflation Reports: Higher inflation often supports gold prices. Geopolitical Tensions: Political instability can lead to increased demand for gold as a safe-haven asset. Stock Market Movements: A weaker stock market can drive capital into gold. 7. Conclusion: Bullish Outlook with Cautious Optimism Key Takeaways: ✔ Bullish pennant breakout confirmed – strong continuation signal. ✔ Price is above key support & trendline – maintaining bullish structure. ✔ Clear trade plan with entry, stop loss, and target levels. Trading Plan Summary: Entry Stop Loss Target Risk-Reward Ratio $3,075 - $3,085 $3,017 $3,175 - $3,200 3:1 📌 Final Recommendation: Maintain a bullish bias as long as price holds above the support zone ($3,017). Watch for volume confirmation to ensure the breakout is valid. Adjust stop loss or secure profits if price reaches key resistance levels ($3,100 - $3,125). If you need further clarification or alternative trade scenarios, let me know! 🚀
OANDA:XAUUSDLong
by GoldMasterTrades
Accurately predict the timing of short position entryAs of now, we have made profits during the trading session. But gold hit the 3048 area yesterday. What should we do if some brothers did not close the order in time? We have made corresponding adjustments according to the current market. Gold news: On Friday, the price of gold climbed to 3083, mainly driven by factors such as rising risk aversion, the Federal Reserve's interest rate cuts, the global central bank's gold buying boom and increased inflationary pressure. The tense situation in the Middle East, global economic uncertainty and expectations of a depreciation of the US dollar have further enhanced the attractiveness of gold. This week, gold is expected to rise for the fourth consecutive week. The US PCE (personal consumption expenditure) data to be released tonight has attracted much attention from the market because it is the core indicator of the Federal Reserve to measure inflation and may have a significant impact on market expectations and asset prices. If the PCE data triggers concerns about stagflation, it may cause US Treasury yields to rise, further boosting gold prices. If the data eases inflationary pressures, it may boost risky assets, but gold may rise simultaneously due to rising expectations of interest rate cuts. Boosted by risk aversion, gold advanced all the way yesterday afternoon, hitting a new high of 3059 during the US trading session. Today's market continued to rise at the opening, and the current highest has reached 3086. Gold bulls rose like a tiger, where is the top? Gold technical analysis: From the wave point of view, the large level is no longer repeated. The daily line 2832 runs a standard 5-wave structure upward, wave 1 2832-2929, wave 2 2929-2880, wave 3 2880-3057, wave 4 3057-2999. Yesterday's market broke through 3057 and rose. The current market is in the 5th wave. From the wave rule, wave 1 runs 97 US dollars. If the amplitude of wave 1 and wave 5 is equal, the high point of wave 5 can be seen near 3097. Using the Fibonacci retracement extension line, pay attention to the two resistance levels of 3088-3108 above. Therefore, the short-term continues to follow the trend of low-multiple bullishness. Pay attention to whether there is a structure to go short near 3108 above. 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 is directly off track. This is unreasonable. Return is inevitable. There must be a deep fall today. The support below is around 3050, which is also the target of the fall. Gold operation strategy: Short gold 3075-70 to increase the number of transactions. Target 3060-3050 Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions. Follow your own operation plan. Market information is complicated and blindly following the trend is easy to fall into the dilemma of chasing ups and downs. 2. The short profit area of ​​3060-3050 is all closed. 3. In gold trading, we will continue to pay attention to news and technical changes, inform in time if there are changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
OANDA:XAUUSDShort
by TP_Daniel1
1
XAU GOLD TRADE REVIEW AND LIVE BREAK DOWN AND TEACHING LONGGold price rallies over 0.7% and ekes out a fresh all-time high at $3,086. Markets are heading into safe-haven Gold while Equities and Cryptocurrencies drop. Gold traders are now targeting $3,100 in the near term. Gold price (XAU/USD) is printing another record performance this Friday, hitting $3,086 as the new all-time high for now and trading around $3,077 at the time of writing. Bullion sees another wave of safe-haven inflow, this time from investors that are exiting Equity and Crypto positions. From here, the next big psychological target and level to beat will be $3,100.
OANDA:XAUUSDLong
by THEPROTRADERZA
1
XAUUSD:Analysis of the Gold Market Trend for Next WeekOn Friday, the gold price fluctuated between 3,086 and 3,066, but there was no sign of peaking. Currently, the bullish trend in the gold market remains intact, and it is expected to reach new highs next week. In the early trading session on Thursday, it was already indicated that the trend would turn bullish, and the consecutive upward movements on Thursday and Friday were in line with our expectations. At present, the gold price closed at around 3,085. On next Monday, one needs to be wary of the risks of a gap-up or gap-down opening. The upper resistance lies between 3,090 and 3,094. If it firmly stands at this level, it will test the position of 3,111. The lower support is at 3,070-3,065. In terms of operation, Xu Gucheng suggests that on next Monday, the main strategy should be to go long on pullbacks, supplemented by shorting on rebounds. 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:XAUUSDLong
by LeoBlackwood
Gold Top Trading SignalsGold continued to weaken under pressure at 3047 in Asian trading last Friday. In the afternoon, the European session broke through the 3030 mark and stabilized near 3021. In the evening, the US session repeatedly fluctuated and suppressed below the 3037 mark, ushering in an accelerated downward decline and breaking the bottom. Finally, it pierced near 3000 before closing and rebounded and closed at 3023. The daily K-line closed with a suppressed and falling middle shadow. The overall gold price showed a suppressed and falling adjustment pattern below the 3057 mark. After the opening of gold in the morning today, the gold price did not fluctuate much. It rebounded to the 3026 line and then stepped back for adjustment. As long as the correction does not break the low point of last Friday, we will continue to look for opportunities to buy when it steps back. From the current 4-hour analysis, today's upper short-term resistance is still focused on around 3030-35, and the lower short-term support is focused on around 3000-3005. The overall support relies on this range to maintain the main tone of high-altitude low-multiple cycles. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. Gold operation strategy: 1. Gold falls back to 3000-3005 line, stop loss 2995, target 3025-3030 line, continue to hold if it breaks; 2. Gold rebounds to 3035 line but does not break, you can go short, stop loss 3042, target 3005-10 line;
OANDA:XAUUSDLong
by EmmaSaxton