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Gold is trying to break through the upward channelGold started the new week on a bad note, hitting a low of 3260 in the morning, followed by a small shock adjustment; then it began to rise sharply. As of press time, it has risen to around 3350 and tried to break through the upward resistance. Although some of gold's safe-haven appeal has weakened, its overall forecast and price trend remain optimistic. Until we see clear lower highs, lower lows, and a solid trade agreement rather than more political bragging from the Trump administration, the possibility of gold setting new highs cannot be underestimated. Surface calm hides potential risks Although last week's market movements and today's early trading performance show that the market is calming down, any sense of security is fragile. Under the surface, key risks remain: trade tensions, recession concerns, and uncertainty about monetary policy are real. Ongoing trade negotiations remain a key factor. If the United States sticks to its position on tariffs or the negotiations break down, risk aversion may quickly pick up, boosting demand for gold again. Quaid's analysis: Based on last week's market situation, Quaid conducted an analysis of gold's trend this week over the weekend. As I predicted, gold is trying to break through and try a new high. Gold has risen to around 3350, and 3365 is a key resistance level in the upward trend. If the gold price breaks through this position and can maintain horizontal development, it will continue to rise in a stable situation. From the upside, the initial resistance level is $3365, followed by $3430. If the bullish momentum is restored, it may soon hit the historical high of $3500 again. On the contrary, if the price fails to break through the 3365 resistance level, Quaid believes that it is necessary to pay attention to the key support at the 3285 position.
OANDA:XAUUSD
by Quaid-1
Gold is expected to continue to retrace the 3235-3225 region.Fundamentals: 1. The tariff issue has been relatively eased, and Trump's repeated attitude towards tariffs has made the market bullish energy not firm; 2. A small-scale conflict broke out between India and Pakistan, which has not had a great impact on gold for the time being. It is necessary to pay attention to whether the situation will escalate; 3. At the same time, it is necessary to pay attention to the dynamics of the Federal Reserve, the Russia-Ukraine negotiations, the US-Iran negotiations, etc. Technical aspects: At present, gold is in a state of shock correction as a whole, but from the current structure, the rebound momentum of gold is insufficient, and the rebound high is gradually decreasing. The short-term support below is in the 3265-3260 zone; the short-term resistance above is at 3310-3320; if gold cannot stand above 3300 in the short term, gold may fall further and break through the 3265-3260 zone, and continue to the 3235-3225 zone. Trading strategy: Short-term trading is still mainly shorting gold after the rebound. You can use the 3300-3320 area as resistance and short gold in batches Trading target: Profit target this week: ≥$30K; OANDA:XAUUSD CAPITALCOM:GOLD FOREXCOM:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by Steffen_Schade
Gold market, further decline is likelyOANDA:XAUUSD Continue to test the support level of 3270 points, looking for a breakthrough. Any easing of the Sino-US conflict may trigger a price drop. But things are not so simple. The Chinese Ministry of Foreign Affairs issued a statement: China and the United States have not discussed or negotiated on the issue of tariffs. Gold prices are under pressure before the tariff war and the release of US data. International situation: Russia issued a statement on a truce; and Ukraine issued a statement: If Russia really wants to achieve peace, it must immediately cease fire. If the two sides formally sign a truce agreement, the safe-haven demand for gold may also be greatly reduced. In the morning, gold prices tested last week's low of $3260, and the strengthening of the US dollar and the possible easing of Sino-US trade risks put gold prices under pressure. Traders are waiting for the release of key US GDP and labor market data, which may affect the Fed's interest rate expectations. In this context, if macro statistics are weak and geopolitical risks remain, the correction in gold prices may be replaced by growth. Another test of the support level may trigger a breakthrough. It is necessary to pay attention to the situation between China and the United States. Any easing of the situation will trigger a decline in gold. Upward resistance: 3300, 3325 Downward support: 3265, 3245, 3230 The possibility of further decline in gold prices has been exhausted since the opening. Gold prices may strengthen to the above resistance levels. A false breakout of 3300/3325 may trigger a decline, which may bring gold prices closer to the support level of 3270.
OANDA:XAUUSD
by Quaid-1
4/28 Gold Trading SignalsLast Friday, gold retested the 3260 support zone for the second time. After confirming support, prices began to climb steadily, and our low-entry long positions have already delivered impressive returns. From a technical perspective, the broader structure still resembles a head-and-shoulders pattern, but recently, a double-bottom pattern has formed around the right shoulder, signaling an intense battle between bulls and bears—mainly influenced by geopolitical tensions. Here, I would like to propose a bold yet speculative thought: Could the current turmoil possibly lead to a regime change for Trump, or trigger massive nationwide protests? If such scenarios unfold, it would likely be extremely bullish for gold, potentially pushing prices toward 4000. On the other hand, if Trump softens his trade policies under pressure, it would be bearish for gold, making a decline toward 2800 highly probable. Of course, this is purely my personal speculation, and I don't claim deep expertise in international politics. Focusing back on the technicals: The 3260 support is critical. A breakdown could see prices moving toward the 3245–3213 range, or even lower toward around 3190. Any rebound from there should be carefully watched near the 3260 resistance; failure to break above would suggest a potential further drop toward 3153–3137. If the double-bottom pattern holds firmly, a return to above 3400 this week is highly likely. 🔥 Today's Trading Plan: Sell zone: 3407–3418 Buy zone: 3273–3241 Scalping zones: 3288–3323 / 3386–3344 Manage your positions wisely and stay flexible!
FOREXCOM:XAUUSDLong
by China_MsWang
Tariffs have not eased. How will gold trend in the future?Spot gold fell nearly 1% on Friday to close at 3316.26. Earlier this week, gold rose to a record high of 3500. After Trump's statement on tariffs eased, the market rose to 3500 and investors chose to close their long positions. The lowest gold price this week fell to around 3260. At the moment when tariffs are deadlocked, any remarks made by Trump on tariffs have not reduced the risk of the market, but increased the uncertainty of the market. Next week, the gold market will usher in the World Gold Council's first quarter "Gold Demand Trends" report. In addition, next week's gathering of Trump's 100th day in office may become an important window for gold prices to choose to test the 3500 mark again or continue to fall from 3300. This week, the international gold price as a whole showed a high and then fell, with the opening price at $3332.96, the highest price at $3499.92, the lowest price at $3260.2, and the closing price at $3316.2. After such a pattern appears, it indicates that the gold cycle will face violent fluctuations. Quide's analysis: If international news helps short selling, it is possible for gold to fall to 3100 or fall below 3000. Therefore, we should remain vigilant next week and pay close attention to the geopolitical situation and news such as tariffs, so as to make a buying or selling decision for next week. At present, the Bollinger Bands continue to close, and the short-term market continues to maintain a range consolidation until the Bollinger Bands reopen and choose a new direction. Before the upward and downward ranges are broken, the intraday short-term operation adopts the range high-altitude low-multiple operation. There is currently no international news and comments that can analyze the trading signals for next week; Quide will pay attention to news and comments that may affect the trend of the gold market at any time, so as to bring analysis and strategies to everyone at any time. Every calm analysis by Quaid is a step towards success. In the gold market, please trust Quaid's professional analysis. It can help you stand at the top of the gold trading market.
OANDA:XAUUSD
by Quaid-1
Will the gold market cool down after the easing of tariffs betweIf you want to use one word to describe the performance of the global financial market in the 2025 quarter, then in addition to the roller coaster, there is another word that will be particularly applicable: "safe haven is king". After Trump launched the tariff storm, this directly pushed the gold price to a historical high, setting the strongest quarterly performance since 1986; and the increase in tariffs led to frequent surges in gold, and after the tariffs were eased, gold also experienced a sharp correction, and this week's gold market was very lively. The price of gold is like a roller coaster ride, making countless investors love and hate it. Quaid's analysis: Gold is adjusted in the short term, and it is still bullish in the long term. In the short term, the US has a high voice for trade negotiations, the market risk appetite has rebounded, and Trump has forced the Federal Reserve to slow down. The independence of the Federal Reserve has been temporarily maintained. The short-term upward trend of gold prices may be weak, and the medium- and long-term bullish trend has not changed. The price adjustment space is also limited. In the short term, it is expected that the gold price will be mainly volatile and consolidated. Continue to pay attention to the progress of Sino-US trade negotiations and Trump's policy trends. The long-term bullish view remains unchanged; the expectation of stagflation in the United States and the increase in the probability of recession if the Federal Reserve continues not to cut interest rates are the logic of medium-term bullish gold, and the continued cycle of US dollar credit contraction is the core support for long-term bullish gold. There is no international explosive news for the weekend, and Donald Trump has not made any radical remarks for the time being. Quaid has no operational suggestions for the time being, and can only analyze based on the market trading situation this week. I hope to help everyone understand the current market situation and long-term analysis. Quaid will continue to pay attention to international news and Mr. President's remarks in order to bring you real-time market analysis and suggestions at any time.
OANDA:XAUUSD
by Quaid-1
1
GOLD → Gold Market Forecast and AnalysisFor most of the period from 2025 to now, gold prices have risen almost continuously, hitting new all-time highs. Since October 2022, gold prices have almost doubled, rising by more than 25% in 2025 alone, reaching a new all-time high of $3,500 per ounce on April 22. The $4,000 price level, once considered untouchable, is now openly discussed in trading halls around the world. The easing of global tensions, especially between the United States and China or in Eastern Europe, could significantly reduce safe-haven demand. While this is not the base case for 2025, it is still an unexpected risk that traders must consider. In fact, gold prices have retreated from recent highs after US President Trump hinted that tariffs on China might be reduced. The sharp rise in gold prices increases the possibility of a correction. If the upward momentum slows, profit-taking could trigger a rapid and violent sell-off. As with any parabolic rise, volatility is inevitable; prices often experience a short-term downward trend before setting new all-time highs. Traders with short-term strategies should be aware of such price declines and practice risk management: avoid large trades, set stop-losses, and diversify their portfolios. Quaid wants to say: Opportunities always come to those who dare to act. Be bold in the gold market, and the next winner will be you, my friend.
OANDA:XAUUSD
by Quaid-1
Will a false breakdown in support lead to growth?The current trading range is 3275-3290. Since the opening, the price has been fluctuating in a small range. There was no news on Friday, so the price may regain its upward momentum after retesting the liquidity and support area of ​​3270-3285. Gold prices are currently stable around $3280, but the US dollar has curbed the rise of gold prices. Gold prices have held their ground after recovering, but the strengthening of the US dollar and hopes for progress in tariff war negotiations have limited further gains in gold prices… Optimism about US corporate earnings and fears of a recession are easing, supporting demand for the US dollar. However, the continued uncertainty in Sino-US relations has kept interest in gold strong. The market is waiting for new signals from the White House and the Federal Reserve, which will determine the further trend of gold prices. Focus on the support trading range. A false break of 3270 could change the balance of power, leading to a rebound or growth. No news today, except for the unpredictable situation of Trump and the tariff war in general. Any speech or tweet could shake the market. However, gold prices remain range-bound after a lackluster week. Quaid recommended: The market fluctuates sideways today. You can try short-term trading. Look at 10 points for each upward callback and perform scalping transactions in this range.
OANDA:XAUUSD
by Quaid-1
Gold’s Wednesday highs and lows will determine next moveGold continues to consolidate after retreating from the resistance zone. It has consistently followed the downtrend line and repeatedly bounced lower from this resistance level. The market recently formed a triangle pattern and broke out of it, but notably, it did not trigger a massive sell-off. Currently, price action is testing the previous day’s low. However, I think the price could retest Wednesday’s low as the price is currently trading within Wednesday’s range. This has formed a “K” pattern on the daily chart, indicating that the next decisive move will occur after a breakout of Wednesday’s low or high. Overall, I expect the sideways movement to continue into next week and keep an eye on these key levels for potential signals. My target is the resistance zone near 3355.
OANDA:XAUUSD
by Quaid-1
Gold was suddenly sold off violently. Gold price plummeted?Spot gold suddenly fell sharply during the Asian session, and the current gold price was around $3,307/ounce at the end of the session, a plunge of more than $40 on the day. Gold prices turned lower during the day as hopes of a trade deal between China and the United States weakened safe-haven assets. The positive risk tone weakened the demand for safe-haven assets. In addition, optimistic US macroeconomic data this week supported the dollar, which also hit gold prices. However, geopolitical uncertainty and bets on the Fed's rate cuts should help gold's decline. Quaid analysis: Gold prices are currently supported near the $3,300/ounce mark, which is also the 38.2% Fibonacci retracement level of gold's latest round of gains from this month's lows. On the downside: Once gold falls below the $3,300/oz mark, the next support for gold is the weekly low near the $3,260/oz area; if it falls below the above area, gold prices may accelerate their decline and fall to the 50% retracement level and eventually fall to the $3,200/oz mark. Some subsequent selling will indicate that gold has peaked and shift the short-term bias in favor of bearish traders. On the upside: Gold resistance is near the $3,368-3,370/oz area, which should now be a key level. If it breaks through the above area, gold prices may return to the $3,400/oz mark. The subsequent rise may push gold prices further up to the $3,425-3,427/oz barrier. Once this barrier is overcome, bulls may retry to overcome the psychological $3,500/oz mark.
OANDA:XAUUSD
by Quaid-1
How will gold go? Analysis of the technical outlook for gold priSpot gold is basically stable after a sharp rise in the early Asian session, and the current price of gold is around $3,325/oz. Quaid believes that gold prices may show a consolidation trend in the next few days, but we are in a bull market and any significant decline will be taken over by buyers. From a technical perspective, gold prices rose in the morning, but they are still in a range. Technical indicators changed direction and moved higher within positive levels, gaining new momentum and supporting further gains in gold prices. At the same time, gold prices continue to develop above all of its moving averages, and the bullish 20-day simple moving average is currently around $3,182/oz, well above the bullish 100-day and 200-day moving averages. The 4-hour chart shows that gold prices are consolidating easily. Gold prices continue to trade below the mildly bearish 20-period SMA, which provides dynamic resistance near $3,370/oz, but the longer-term moving averages maintain a bullish slope at a level far below the current gold price. Finally, technical indicators remain directionless within negative levels. If gold prices break through the above 20-period SMA resistance, it should open the door for a more sustainable rebound in gold prices. Quaid comprehensively analyzes important support and resistance levels: Support: $3314/oz; $3301/oz; $3288/oz Resistance: $3358/oz; $3370/oz
OANDA:XAUUSD
by Quaid-1
Gold prices staged a "roller coaster" market, and the trade war In the early Asian session, spot gold showed a trend of rising and falling. The gold price reached a high of US$3370.58/ounce and then fell back to around the 3350 mark for consolidation. After experiencing a sharp drop of nearly 3%, the gold price ushered in a strong rebound, with a single-day increase of 1.83%, and finally closed at US$3348.50. This wave of rebound was mainly driven by the weakness of the US dollar and the entry of market bottom-fishing funds. The trade deadlock fell into a "Rashomon", and the rebound of the US dollar was blocked The current gold market is caught in a fierce game of long and short factors. The Asian power issued a solemn statement, emphasizing that if the US side really wants to solve the problem, all unilateral tariffs should be canceled immediately. This statement is in sharp contrast to the "negotiation signal" recently released by the White House, making the trade outlook more confusing. Affected by this, the US dollar index fell 0.61% to 99.29, while gold received strong support from safe-haven buying. Quaid believes that the gap between the positions of the United States and China on trade issues is as huge as the Pacific Ocean, and this uncertainty will continue to affect the market trend. The US dollar rebounded but was blocked. Although Trump's attitude eased and it strengthened briefly in the early stage, it showed signs of fatigue again in the morning. At the same time, the US stock market achieved three consecutive positive days, and the S&P 500 index rose by 2.03%, with technology stocks leading the gains. Quaid's analysis: Looking forward to the later period, high-level fluctuations may become the main theme, and traders need to grasp the rhythm. The current market presents a pattern: First, the uncertainty of the trade war. If the US insists on imposing new tariffs, the gold price may hit the $3,500 mark again; second, the suspense of the Fed's policy. Whether the May meeting will release a signal of interest rate cuts will become a key turning point; finally, the trend of the US dollar. If subsequent economic data continues to deteriorate, the US dollar index may fall below the 99 integer mark. Market operation strategies: Go long on a pullback of 3335, stop loss at 3330, look at 3380 Go short after rebounding at 3380, stop loss at 3390, and look at 3330
OANDA:XAUUSD
by Quaid-1
1
Gold pullback time, resistance rejection? How does it go.The market bounced off the resistance and declined, with a correction of about -6% after the previous bullish momentum. The price action formed a gap, which was later filled. It is worth noting that this pullback movement is similar to a similar pattern observed earlier this month, when the market also pulled back by -6.6%. Currently, the price is testing the area of ​​the previous week's high, which may constitute a support area. After such a rapid decline, the price usually enters a consolidation phase - we may see a period of sideways trading around 3300. However, if a rejection candle is formed at the current level, I expect the price to move higher and retest the recent resistance area. My target is the resistance area around 3500. The market has rebounded strongly from the support level that I highlighted yesterday. The price is likely to trade sideways above the channel border and the support level of 3300. After the consolidation, the price may resume the upward trajectory. As I mentioned earlier, the market experienced a 6.83% correction, after which we may see a continuation of the bullish trend. As long as the price remains above the support level, the market is likely to continue to move higher. If the support level is lost, the market may fall and form a second round of bearish movement, eventually pointing to the support level of 3200 points. However, I expect the price to move higher and retest at least the 50% bearish retracement. My target is the resistance level near 3400 points. Quaid is working hard to provide brothers with analysis and suggestions based on international and market trends. I hope you can see Quaid's efforts.
OANDA:XAUUSD
by Quaid-1
Gold re-surged at $3,400. China denies tariff negotiations with International gold prices rebounded as investors bought on dips after a sharp drop in the previous trading day, while the market focus remained on U.S.-China trade tensions. As of press time, spot gold rose 1.6% to $3,340.79, reaching a high of $3,367 in the Asian session. Gold fell more than 3% on Wednesday, the biggest one-day drop since late November last year. In addition, the decline in the U.S. dollar index made dollar-denominated gold cheaper for overseas buyers, which also supported gold prices. Quaid's analysis: Although the White House has repeatedly released signals this week that relations with Beijing may ease, China said on Thursday that there are currently no ongoing negotiations with the United States on tariffs. China's strong attitude also affects the current trend of gold. In addition, the data released by the United States today on the number of initial jobless claims in the United States for the week ending April 19 and the monthly rate of durable goods orders in March also directly guided the trend of gold. Quaid believes that the current trend of gold is still in an upward stage; gold is still supported by many favorable factors, and the "gold bulls" may eventually break through the $3,500 mark firmly. Quaid recommends the operation strategy: 3335 long, 3330 stop loss, and look up to 3380. Every decisive decision is paving the way for account value-added. Every decisive decision paves the way for account appreciation. Trust your own judgment, and gold will crown you.
OANDA:XAUUSDLong
by Quaid-1
Is gold about to peak? Is the bull market still there?In fact, it is normal for a strong bull market to have a rapid washout. The logic of the bull market is not Trump's call to Powell. Trump's tricky operation is only a plus for the rise of gold, not a must. The logic of the rise of gold is that the repayment ability of US debt is questioned and the hegemony of the US dollar is challenged. The fact of the long-term fiscal deficit of the United States and the visible growth of US debt are the real driving forces. As the International Labor Day is approaching, the bulls in the Asian market often choose to leave or reduce their positions in order to reduce warehouse interest and realize profits, which will cause a phased downward adjustment. In other words, from the perspective of the future, the underlying logic of the bull market has not changed. Holders of physical gold do not need to worry too much. They are optimistic about the strong bull market of gold in the future. The decline is often an opportunity to get on the train again. In the past, they waited for adjustments, and after adjustments, they were afraid that the bull would be gone, which made them worried about gains and losses. Technical analysis: The current gold price is in a stalemate stage of long-short game. On the one hand, the path of the Fed's easing policy has been basically clear, and the US dollar is facing correction pressure; on the other hand, the stable global risk sentiment and the strong performance of the stock market have weakened the attractiveness of gold as a safe-haven tool. The repeated signals of global trade negotiations have also made the market direction unclear. From a technical point of view, gold has received support after the correction to the 26.3% Fibonacci retracement level near 3317 this week, and has returned to above $3,300 in the short term. The upper resistance focuses on the position of 3360. Once it breaks through, it will open up the space leading to the 3400 mark. Quide Strategy Analysis: After the early Asian market rose, it fell back and fell below the support levels of 3351 and 3330 analysis. Now the market rebounded near 3325, which is also in line with the trend of pulling back and forth. In the big trend, the gold rally did not exceed 3380, so there is still downward demand, that is to say, it can only be regarded as a rebound on the way down. In the short term, this wave of gains stopped at 3367. Now it broke through 3351 and pierced 3316 to rebound. The main focus on the upper side is the support-to-resistance level of 3350. With 3350 as the protection, go short to see the gold price break through 3314. If it breaks down effectively, it can move down to see the turning point of the rebound between 3283 and 3260. On the whole, in terms of the short-term operation strategy of gold, Quide recommends rebound shorting as the main strategy and callback longing as the auxiliary strategy. The upper short-term focus is on the 3360-3370 line of resistance, and the lower short-term focus is on the 3310-3300 line of support. Market trading signals are fleeting. Market trading signals are fleeting, and Quaid hopes that traders will seize every trading opportunity and become ace traders in the gold market.
OANDA:XAUUSD
by Quaid-1
GOLD → Holdings are still insufficient, and there is still potenThe gold market has pulled back sharply one day after hitting an intraday record high of more than $3,500 an ounce. But Quaid believes that the gold rally is far from over as gold is severely under-owned and still cheap by some indicators. Investors may see some short-term volatility as gold's parabolic move above $3,400 an ounce has made it "overbought at certain technical levels." However, overall, gold is still widely ignored by investors. This could be a good technical target for gold. Comparing historical gold prices to the cost curve, the ratio shows that we can go further. Although the opportunity cost of holding gold will remain high, gold remains an important safe-haven asset. While a large number of investors continue to ignore gold, there is one group in the market that is buying as much of the precious metal as possible, and that is central banks. Central banks will continue to buy gold as they question the reliability of the United States as a trading partner. The dollar is still weakening despite the selling of long-term U.S. bonds. This shouldn't happen, so there are definitely signs that not all US Treasuries are traditional safe-haven assets, and gold will benefit from this. I hope this comprehensive analysis by Quaid can help all traders. If you have other ideas, please leave a message to Quaid and we will discuss its trend together.
OANDA:XAUUSD
by Quaid-1
Early Asian session. Latest market analysisIn early Asian session, spot gold rebounded slightly and is currently trading around $3,345/oz, supported by bargain hunting. The U.S. session continued its trend of retreating from record highs, falling nearly 3%, hitting a low of $3,260.08/oz and closing at $3,288.18/oz. People familiar with the matter revealed that the Trump administration is considering reducing tariffs on imports from Asian powers, adding that any action would not be unilateral. Quaid Analysis: People are very relieved about the possibility of negotiations between major powers, and we are seeing this trend have a significant impact on the market. Driven by central bank buying, tariff war concerns and strong investment demand, gold prices have risen by more than 26% since the beginning of 2025. A large number of long orders are facing profit-taking needs, and investors need to beware of the risk of further correction in gold prices. From a technical perspective, gold prices hit $3,500, soared before this level, and then reversed sharply, which increases the risk of further correction in the short term. The preliminary monthly rate of durable goods orders in the United States in March and the number of initial jobless claims in the United States for the week ending April 19 will be released on the Asian trading day. Investors need to pay attention to them. In addition, they need to continue to pay attention to the relevant news on the international trade situation and the geopolitical situation. Action suggestions: Go long at 3345, stop loss at 3340, watch 33380 If Quaid's analysis can help traders, then Quaid will be very happy.
OANDA:XAUUSD
by Quaid-1
How is gold going? What to do now?After reaching the psychological high of $3500, it entered a correction phase, which was also affected by the slight easing of the US-China tariff conflict... After failing to hit the 3250 area of ​​concern, gold prices will be slightly stronger. Meanwhile, the market is looking forward to the US PMI data. Earlier, gold prices hit an all-time high of $3500, but fell back on hopes of a easing of the US-China trade war and the US Treasury Secretary's remarks about a possible "detente". The dollar recovered in the correction, but investors doubted Trump's predictability and gold prices began to pull back at this time. The focus is on the S&P Global PMI index: the results of this index may affect expectations for the federal funds rate and bring a new direction to the market. From a technical point of view, gold prices are in a correction and confirm the bearish structure. But any unexpected remarks from Trump may attract a lot of buying. Quaid data analysis: Upward resistance: 3340, 3360 Downward support: 3280, 3250 Quid believes that buying can be considered when retesting the support level or closing above 3370. Traders, do you agree with Quaid's idea? Please leave your thoughts. I'll be happy that way.
OANDA:XAUUSD
by Quaid-1
Gold once fell below the 3,300 mark, can it rise again? 📌 Driving Event Spot gold (XAU/USD) once fell below the 3,300 US dollar mark, a significant correction from the previous historical high of nearly 3,500 US dollars. The market's risk appetite has increased, making the attractiveness of safe-haven assets weakened in the short term. However, repeated news about the direction of US policy and the Fed Chairman's movements may still affect the market in the medium and long term. 📊Comment Analysis From the perspective of market sentiment, the strong rise in gold prices in the early stage mainly relied on safe-haven demand and speculation about subsequent monetary easing. However, the short-term trend has led to some profit-taking in safe-haven assets due to the recovery of the equity market. This change in sentiment reflects the current market's optimism and caution about the US macroeconomic environment: once risk appetite weakens again, gold may be supported again; if risk appetite continues to rise, gold prices may continue to retreat. Overall, the market is in a state of repeated game, and sudden news can easily lead to large fluctuations in gold prices, and we need to continue to pay attention to the evolution of risk sentiment. ✅ Outlook for the future Short-term outlook: In the case of short-term technical continuation signals, gold prices may remain weak, and the support around $3,300 and $3,230.00 is worth paying attention to. If volatility further increases, it is not ruled out that prices will rebound quickly or bottom out rapidly. Medium- and long-term outlook: The upward structure at the daily level has not been completely destroyed. If the uncertainty of US policies increases or economic data is weak in the future, it will once again drive the recovery of safe-haven demand. Gold prices may still regain their upward momentum and hit $3,500 or even higher. On the contrary, if the equity market continues to strengthen, gold prices will face deeper correction pressure. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose a lot size that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
2
Gold "skydived" from $3,500, where will the landing price be?Fundamental analysis: the game between policy signals and safe-haven demand From a fundamental perspective, Trump's moderate statement is the core driving factor of this round of gold correction. However, as tariff expectations cool, investors are beginning to reassess the attractiveness of risky assets. The three major U.S. stock indexes closed higher on Tuesday, and the 10-year U.S. Treasury yield fell slightly, indicating that the market's confidence in the economic outlook has recovered. Against this background, the safe-haven premium of gold has been weakened, and profit-taking has accelerated. In addition, the Fed's policy expectations are still an important variable affecting gold. At present, the market generally expects the Fed to continue to cut interest rates in 2025, but the pace and magnitude depend on inflation data and economic performance. If the expectation of interest rate cuts further heats up, the US dollar index may be under pressure, thereby providing some support for gold. Technical analysis: pullback pressure and key support The gold price fell below the support of $3,300, and the next key level points to $3,282, which coincides with the low point on April 17. If the decline continues, $3,150, as the pivot point in early April, will become an important defensive line for bulls. On the contrary, if the price stabilizes and rebounds, the pivot point of $3,415 will be the first resistance level, and further upward movement needs to pay attention to the higher resistance of $3,464. It is worth noting that the current price is far away from the resistance level of $3,415, and the rebound momentum may be limited in the short term, unless new fundamental catalysts appear to push the RSI back to the overbought area. Quaid's comprehensive analysis: The gold market has entered a consolidation phase after a rapid rise, and short-term correction pressure still exists, but in the long run, safe-haven demand and fundamental support remain solid. Quaid recommends that traders pay close attention to US policy trends, the trend of the US dollar, and the performance of key technical levels to grasp the market rhythm. At the same time, Quaid will always pay attention to international news so as to make timely analysis and suggestions for traders; to help traders get out of the current predicament.
OANDA:XAUUSD
by Quaid-1
Gold is falling wildly, is a key position coming?As of press time, spot gold has fallen wildly to below the support level of $3,300, having hit a record high of $3,500.05 the previous trading day. At present, gold has fallen more than 5% from its historical high, and the fundamentals seem to be changing. Quaid believes that gold has reached a key "turning point". After a strong rebound, the precious metal not only gave up all its gains, but also fell to a new low. The sharp rise in gold prices is mainly due to the market pricing of "stagflation" risks, but as this risk is gradually eliminated, gold may experience a significant correction, especially considering that "long gold" has become one of the most crowded trades in the market, and its parabolic rise is an obvious signal. From a larger cycle perspective, gold is still in an upward trend, because the real yield may continue to decline against the backdrop of the Fed's easing policy. But in the short term, if good news about tariffs continues to be released, gold prices may fall further, and the market will adjust according to the new environment. Daily chart analysis From the daily chart, gold has given up all of Monday's gains. From a risk management perspective, buyers may look for a more cost-effective entry position at 3290 in the hope of further gains, while sellers hope that prices can break further down, thereby increasing bearish bets. 4-hour chart analysis In the 4-hour chart, prices found support around 3300 and rebounded. Buyers intervened at this position and set risks below this support level in an attempt to push prices higher again. Sellers hope that prices fall below this level to push prices further down. Quaid's analysis: The current market is crazy. If it can fluctuate and adjust around the 3300 support level, the downward trend will stop and it may rise to 3400. If this support level fluctuates and falls, it may plummet to around 3150. Traders can wait and see for a short period of time before trading. I hope Quid's analysis can help you get out of your current predicament. I also wish that all traders can fight for their own money waves in the market and achieve financial freedom under Quaid’s advice and analysis.
OANDA:XAUUSD
by Quaid-1
Gold short position wins streak, waiting to continue shortingThe 1-hour moving average of gold continues to turn downward. If a downward dead cross pattern is formed, then there is still room for gold bears to fall. Gold is under pressure to fall near the resistance line of 3340. Gold's current rebound is not very strong. Although it seems to rebound a lot every time, that is because the market volatility has increased. Gold is still a bearish trend in the short term, and the rebound continues to be bearish. Trading ideas: short gold near 3338, stop loss 3350, target 3318
TVC:GOLDShort
by Fortune-signal