Golden stage low area: 3285-3275!Fundamentals:
1. Focus on Trump's dynamics and tariff-related issues;
2. Pay attention to whether geopolitical conflicts will escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc.
The current expectation of interest rate cuts has declined, and the tariff storm has cooled down. At the same time, the market is betting on a further trend correction, which may cause capital outflows from the market, which will further hit gold bulls!
Technical aspects:
As I expected in my previous article, gold is expected to fall below 3300. Sure enough, gold has shown signs of falling below 3300. In the current structure, gold may further extend to the 3280-3270 area, which is also an important support area of primary concern in the short term; and as gold fell sharply, the market was bearish, and short-term resistance also moved down to the 3315-3325 area.
Trading strategy:
1. Consider the shorting opportunity after gold rebounds to the 3315-3325 area, TP: 3300-3290
2. Consider the longing opportunity after gold falls to the 3285-3275 area, TP: 3300-3310
Xauusdtechnicalanalysis
Gold is expected to fall below 3300, continue to short gold!Fundamentals:
1. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc.
Technical aspects:
Although the gold price gradually rebounded after hitting 3320 points, the current rebound momentum is relatively weak. The gold price has turned from strong to weak, and the short-term "M"-shaped top structure formed by 3435 points and 3414 points above has suppressed the upward space of the gold price. Therefore, we still focus on shorting gold after the rebound. First, we focus on the resistance area of 3355-3365 points above. If the gold price rebound fails to successfully break through this area, the gold price will fall again and is expected to continue to fall to around 3280 points.
Trading strategy:
Consider shorting gold after gold rebounds to the 3355-3365 area, target price: 3340
Buy gold, it will continue to 3350!Fundamentals:
Focus on Trump and the Fed;
Technical aspects:
Currently, gold is moving in a fluctuating upward manner, and in the short term, the effective double bottom structure constructed in the area around 3200 and 3220 supports the continued upward movement of gold. In the short term, gold is not very willing to fall, and it has not even been able to fall back below 3300 again. If gold breaks through the 3330-3335 area during the rebound, then gold will inevitably continue to rise to the area around 3350, or even the area around 3380.
Trading strategy:
If gold retreats next, we will mainly focus on the opportunity to go long on gold in the 3315-3305 area; TP: 3350
NFP market, looking for opportunities to short goldFundamentals:
Mainly focus on today's NFP market;
Technical aspects:
Gold rebounded near 3200 and has gradually rebounded to around 3265. This wave of rebound is not surprising. After all, I have been insisting on short-term long gold since yesterday, and I have also gained a good profit. As gold falls and breaks through many key supports, my expectations for the magnitude of this rebound are not high. In the short term, it will first face resistance in the 3270-3275 area, and secondly, it will face resistance in the 3285-3295 area.
Moreover, the rebound and rise of gold before the NFP market is very confusing in itself. It is not ruled out that it is to pave the way for the sharp drop in the NFP market. Once gold falls again, it is likely to fall below 3200 and continue to around 3180.
Trading strategy:
1. Consider shorting gold when it rebounds to 3270-3280, TP: 3240-3230;
2. Consider continuing to short gold when it rebounds to 3280-3290, TP is the same as above.
Gold is expected to rebound to the 3270-3275 areaFundamentals:
Focus on today's NFP market;
Technical aspects:
Gold stopped falling near 3200 and gradually rebounded, and has now rebounded to around 3240. As for this round of rebound, I have actually made it clear in my previous opinion that the bulls and bears are wrestling at the 3200 mark, and there will still be repeated in the short term, and after the downward trend slows down, some trapped bulls must have self-rescue behaviors, so it is not surprising that gold has rebounded.
From the current structure, gold has not shown a clear bottoming signal, so the gold rebound is only temporary, and gold will continue to fall after the rebound. From the perspective of frequent switching of intervals, since gold has broken through the area near 3235 during the rebound, the rebound may continue, and is expected to continue to the area near 3270-3275. After breaking through this area, it is even expected to continue to around 3290. This is the position area where we must focus on entering the short position.
Trading strategy:
1. Consider buying gold in the 3235-3230 area, TP: 3245-3255; pay attention to setting protection.
2. Consider selling gold in batches after gold rebounds to the 3270-3275 area, TP: 3240-3230
The bearish trend is obvious, 3180 is foreseeable!Fundamentals:
Focus on US economic data and Fed dynamics;
Technical aspects:
After gold fell below the recent low support area of 3260, the bearish trend became more obvious. Although gold has stopped falling near 3220, there is no obvious sign of bottoming out. From the current structure, gold still has room to fall, and the area near 3180 can be foreseen in the short term. However, after a sharp drop in gold, there may still be repetitions in the short term, so it is not advisable to over-short gold for the time being. Gold still has the possibility of a short-term rebound to the 3245-3255 area.
Trading strategy:
1. Consider waiting for gold to rebound to the 3245-3255 area before shorting gold; TP: 3235-3225;
2. Consider trying to go long on gold in small batches in the 2330-2320 area, TP: 3245-3255, and then short gold after reaching the target area.
Buy gold, there is a rebound in the short term!Fundamentals:
Focus on US economic data and Fed dynamics;
Technical aspects:
Gold fell below 3290 as expected, and even fell below 3280 beyond expectations. Our short positions also made a lot of money. At present, gold continues to fall to around 3272. Although the short momentum is relatively obvious, it is already close to the recent low support of 3265-3260. I think that before the NFP market, gold may not form a unilateral downward trend, so there are still repeated ups and downs in the short-term trend. Therefore, when approaching the low support area of 3265-3260, we might as well consider short-term long gold.
Trading strategy:
Consider going long gold in the 3275-3265 area, hoping that gold can rebound to the 3285-3295 area.
Gold Price Plunges After Climbing to $3,500 for the First TimeGold Price Plunges After Climbing to $3,500 for the First Time
As the XAU/USD chart shows:
→ Yesterday, the spot gold price stopped just a few cents short of the key psychological level of $3,500 (and even exceeded it on the futures market);
→ But this morning, an ounce is trading around $3,300, having dropped aggressively by more than 5%.
Why Did Gold Suddenly Drop?
The sharp decline followed a shift in rhetoric from President Trump. According to Reuters:
→ The US President backed away from threats to dismiss Federal Reserve Chair Jerome Powell;
→ He also signalled a more moderate stance on tariffs against China.
Market participants interpreted this as a reason to take profits on long positions, as the softened tone from the White House reduced demand for safe-haven assets. As a result, gold collapsed from its historic high, while the US dollar index rebounded from multi-month lows.
Technical Analysis of the XAU/USD Chart
Gold price fluctuations have formed an upward channel (highlighted in blue), with key reversal points marked for constructing the channel. From this perspective, one interpretation is that the upper boundary marked a price area where gold was extremely overbought. Now, the imbalance in market sentiment may be driving the price back towards the median, where supply and demand tend to stabilise.
And although the $3,300 level is currently acting as support, the XAU/USD chart reveals several signs suggesting that bears are taking control:
→ The price has dropped by approximately $200 in less than two days;
→ A bearish Fair Value Gap has formed during the decline (highlighted by a rectangle) – a pattern typically interpreted as sellers outweighing buyers;
→ The steep purple ascending channel has been broken.
It can be assumed that even if the fundamental backdrop offers reasons for a short-term price recovery, this may prove to be only a temporary bounce following a sharp shift in sentiment towards bearishness at the start of the current week.
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.
GOLD (XAUUSD): The Next Important Resistance Levels
Gold updated the All-Time High yesterday and trades
in the no-man's land again.
Here are the next potentially significant resistances
based on psychological levels.
Resistance 1: 3247 - 3252 area
Resistance 2: 3397 - 3302 area
Important historic supports:
Support 1: 3128 - 3167 area
Support 2: 2953 - 2982 area
Consider these structures for pullback/breakout trading.
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Go long gold, target: 3030-3040Gold tested the support of 2985-2975 again during the correction process, but did not fall below this area during the test. Combined with the structural lows of gold yesterday, they were 2970 and 2956. Today, gold did not fall below 2970, so it is very likely that gold will form a head and shoulders bottom pattern at the technical level, which will help gold to continue its rebound momentum with this strong technical support!
So I think the short-term decline of gold is not a risk for us, but the best gift for us. So I advocate going long on gold from now on. After gold repeatedly tests the support, it will rise to the 3030-3040 area without hesitation.
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XAUUSD hourly trend analysis for April 09, 2025XAUUSD trend is currently bearish. Once it closes above 3023, there is an immediate resistance at 3050. But 3050 may not indicate bullishness unless Trend trading indicator confirms the signal. Once the Buy is confirmed, there would be an immediate resistance at 3090. This is just my view.
Master swing trading! Both long and short sides can profit!The current fundamental environment: tariff issues and geopolitical conflicts are on opposite sides, so there are both bearish and bullish factors for the gold market, which have triggered fierce competition between long and short forces to a certain extent, exacerbating market volatility!
At present, overall, the short forces have the upper hand, but the longs still have a certain ability to fight back! If the short energy is fully released during the process of gold falling to around 2970, then gold may still usher in a wave of rebound opportunities in the short term. First of all, the areas worthy of our participation in trading are mainly concentrated in the following:
1. The short-term support area below: 3010-3000; secondly, the important defensive area for bulls is: 2975-2965.
2. The short-term resistance area above: 3040-3050; secondly, the important defensive area for bears is: 3070-3080.
This is the key area that we must pay attention to in the short-term, and it is also an important reference for our next short-term trading!
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Continue to short gold after the rebound!Although gold did not fall due to the negative impact of ADP data, this does not mean that the risk of gold falling has been eliminated. As long as gold does not break through the recent highs, and in the fluctuations in recent days, the resistance strength of the 3135-3145 zone has been strengthened, gold still has a considerable risk of falling before breaking through the resistance area, and once gold falls below the 3110-3100 zone, it is bound to retreat to the 3095-3085 zone!
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Gold is expected to rise to the 3030-3040 zone againGold encountered a clear rejection signal after reaching around 3036, indicating the presence of resistance and a technical need to retest support. Currently, gold is undergoing this support retest.
Within the current structure, gold has established a notable W-bottom pattern, with key support formed around the 3000 and 3003 levels. This structural support remains relatively strong. If gold manages to hold above the 3015-3005 support zone during the retest, a renewed upward move is likely. In that scenario, gold could resume its ascent, potentially retesting the 3030-3040 resistance range.
So in terms of short-term trading, if gold pulls back to the 3015-3005 zone, we can consider going long on gold in moderation.I would make more detailed trading plans and trading signals every day according to the real-time market situation, which is also the testimony of every successful transaction and profit of mine; the article has a certain lag, if you want to copy the trading signals to make a profit, or master independent trading skills and thinking, you can choose to join the channel at the bottom of the article
Bearish Bias Under Head and Shoulders Formation📍Gold is currently leaning towards a bearish trend under the pressure of a well-defined head and shoulders pattern. Therefore, our primary trading approach remains focused on short positions.
📍In the short term, the key resistance to watch is in the 3030-3040 zone. However, it's worth noting that on Friday, gold quickly recovered most of its losses after testing the 3000 level, indicating the presence of strong buying interest and solid support below.
📍From a trading perspective, there is still an opportunity to capture profits from potential technical rebounds. The main support levels to monitor are:
📌3010-3000 as the initial support zone
📌2995 as the secondary support level
🔎Trade Idea:
1. Xauusd: Sell at 3035-3045
TP:3020-3010
SL:Adjust according to risk tolerance.
📎But if gold shows signs of holding support, a short-term rebound could provide opportunities for counter-trend trades.
2. Xauusd: Buy at 3015-3005
TP:3025-3035
SL:Adjust according to risk tolerance.
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
GOLD (XAUUSD): Detailed Support & Resistance Analysis
Here is my latest support and resistance analysis for Gold
ahead of the FED Interest Rate decision today.
Resistance 1: 3045 - 3050 area
Resistance 2: 3099 - 3103 area
Support 1: 2997 - 3001 area
Support 2: 2952 - 2956 area
Support 3: 2916 - 2933 area
Support 4: 2880 - 2888 area
Consider these structures for pullback/breakout trading.
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Gold is about to plunge, stick to short positions!Bros, Good morning,I made it very clear yesterday that 2935-2945 is definitely a good opportunity to sell gold. I still stick to my point of view and insist on holding my short position.
To be honest, the continuity of the market news stimulating the rise of gold is not strong. After the rise of gold hits 2946, it faces the suppression of the previous high near 2955. With the current momentum of gold, it is impossible to break through the high suppression area in one go. Even if it is to accumulate more momentum for a breakthrough, gold will have a deep need to step back to the 2920-2910 zone. So I remain positive on short positions in the short term.
In addition, it is particularly important to note that gold is facing high pressure, and there may be many temptations to do long signals. Now you must keep a clear mind and not be confused by the temptation signals. When you chase long gold at a high position, once gold retreats, you may be deeply trapped and it will be difficult to get out!
Do you think gold will fall back to the 2920-2910 zone as expected? Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Be sure to short gold!Expected profit: 150-300 pipsBros, be sure to be short gold and never miss the profits in every swing.As I said in my last article, the 2935-2945 zone is worth selling gold, and I have shorted gold in this area according to the trading plan. Have you shorted gold with me?
Although gold once rose to around 2940 under the stimulation of news, I think the accelerated rise of gold was suspected of short squeeze, and after the market calmed down, gold will return to the technical level and have a need for retracement. However, as gold breaks through the oscillation range upward, the lower support will move up to the 2920-2910 zone.
Therefore, our primary target for shorting gold in the short term is the 2920-2910 zone. If gold falls back to this area as expected, then in the short term, we will still gain 150-300 pips of profit, which is still a good return for short-term trading!
Do you think gold will fall back to the 2920-2910 zone as expected? Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
A good opportunity to short gold, do you want to miss it?Because Trump mentioned the issue of tariffs, gold prices soared and broke through the recent range of fluctuations, reaching around 2938.
Gold prices soared due to the impact of the news, so the continuity is probably not strong. Gold is likely to return to the technical level of 2920-2910 in a short period of time; in addition, the accelerated rise of gold already means a short squeeze, and the top is facing strong pressure from the previous high area, and gold is likely to rise and then fall back.
Therefore, in terms of short-term trading, I don’t think it is a wise choice to continue to chase the rise of gold. On the contrary, I think that the rise of gold is a good opportunity to short, and the 2935-2945 zone is also worth selling gold.
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
I still have a short position, what about you?Bros, the recent trend of gold has been very painful. After falling to 2880, it was pulled back to the shock range, and neither the long nor the short positions continued. However, in the short term, the upper resistance is obviously in the 2925-2935 zone; relatively speaking, as gold fell below the 2900 and 2890 areas several times during the test of support, the support below is relatively weak.
In addition, the CPI data will be released in 2 hours. I think this CPI data is likely to boost the US dollar and suppress gold, but it is not ruled out that gold will rise and then fall.
So in terms of short-term trading, I prefer to short gold, and I still hold a short position in gold, and I hope that gold can retreat to the 2910-2900 zone as expected.
Bros, are you holding a short position like me?Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
You will be glad you have a short positionBrothers, I have clearly reminded you in the above two article updates that I am very optimistic about gold's retreat to the 2905-2895 area. In the short term, gold has shown signs of retreat after touching the area near 2922 several times, and formed a distinct long upper shadow in the candle chart, further strengthening the effectiveness of the resistance area 2925-2935 area, further stimulating the willingness of gold to fall.
In the short term, I think gold still has the opportunity to retreat to the 2905-2895 area again. I am still patiently holding my short position and looking forward to further declines in gold, which will bring us rich profits.
Bro, do you have the courage to short gold with me?Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Shorting gold is the way to make money!Brothers, after gold rebounded to around 2920, the rebound momentum gradually weakened, and the fluctuation range gradually narrowed. This shows that the upper resistance area of 2925-2935 is difficult to break through in a short time. Gold still has the need to retrace and gain momentum, and it is not difficult for gold to retreat to the 2905-2895 area.
So in terms of short-term trading, I insist on shorting gold in batches in the 2915-2925 area, and I expect gold to fall as expected, and the rich profits will also be taken.
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Be bold and short gold to reap profitsBros, gold continued to rebound to around 2922, but after touching 2922 several times, gold could not continue to make an effective breakthrough and showed signs of retracement. This proves that the upper pressure is strong. According to the current momentum of gold, it cannot easily break through the resistance of the 2925-2930 zone above.
Then gold must have the need to retrace and accumulate power, so my trading strategy in the above article is still valid. We have shorted gold in the 2915-2925 area according to the trading plan. Now we are patiently waiting for gold to fall deeper and expand our profits. It is expected that gold will retest the 2905-2895 zone again.
Bros, gold is now like a drunken old man, swaying from side to side as he walks. At any moment, he might stumble and fall along the way.
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals