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Xauusdtrend

Short trade in progressBros, today's trading view is very clear. We still continue to short gold, and there is no problem in making 200-300pips of profit in the short term. Gold faces multiple key resistances above 2930. It is difficult to have enough momentum to break through the multiple key resistances above in the short term; and before the NFP market on Friday, both long and short sides are relatively cautious, and it is difficult to form a unilateral trend market. The overall market still fluctuates within the range. So I think shorting gold is still profitable. In terms of short-term trading, I have taken the 2930-2940 area as resistance and shorted gold below 2930. At present, gold has fallen back to below 2920. Our short position has made a good profit. What we need to do now is to wait patiently for gold to continue to fall back, so as to bring us more lucrative profits. Bros, did you follow me to short gold? Wise choices are far greater than hard work. Only by following the right people can we execute the right transactions and accumulate profits that change our lives and destiny. If you want to copy trading signals and make stable profits, or want to learn the correct trading logic and techniques in depth, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Ready to short gold againBrothers, as I strongly expressed my point of view in the last article, short gold near 2916 and 2923, TP: 2895-2885. Gold just fell below 2895 during the decline, hitting our target area as expected. In this short gold transaction alone, I made more than $20K in profit. If you execute the transaction according to the trading strategy published in my channel, I believe you must have made a satisfactory profit. At present, gold has rebounded again after touching 2894, and is currently trading near 2917. According to the current structure, gold has encountered resistance in the 2930-2940 area many times, and formed a triple top structural resistance in the short-term structure; and before the NFP market on Friday, I think it is difficult for gold to form a unilateral trend market, and it may still be dominated by maintaining a volatile market, so it is not easy for gold to break through the 2930-2940 resistance area in the short term. So in short-term trading, I think gold is below 2930, and we still have the opportunity to short gold again, but the short-term TP setting can move up to the area around 2910-2900.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
xauusd:sell@2930-2940Yesterday, gold started to decline after reaching 2,927. The test of the support near 2,930 was effective. Currently, gold is trading within the range of 2,900-2,920. The rise of gold is mainly due to the further escalation of the risk aversion sentiment, and there is a possibility of breaking through the resistance and rising again at any time. However, according to technical analysis, if it reaches the vicinity of 2,930-2,940 for the first time, you can still try short selling. GOLD Today’s Trading Strategy: xauusd sell@2930-2940 TP:2915-2905 Currently, the account with an initial amount of 40K has reached 300K. In March, I will make a profit of one million, and I will share my daily trading orders. You can copy my orders for trading. Click on the link below the article to obtain the relevant information.
FOREXCOM:XAUUSDShort
by Kill_the_dealer
Updated XAU/USD (Gold) Multi-Timeframe Analysis – March 4, 2025Analyzing M15, M30, H1, H4, and D1 charts for a precise trade execution strategy. 1. Market Structure Overview (Multi-Timeframe) M15 (15-Minute Chart) CHoCH (Change of Character) indicates bullish momentum. Currently testing equilibrium (~$2,888 - $2,890). Weak high at PDH (Previous Day’s High) around $2,893, which may act as resistance. M30 (30-Minute Chart) Break of structure (BOS) confirms bullish short-term trend. Price is hovering near PDH ($2,893). If it fails to break above $2,895, a short-term rejection is possible. H1 (1-Hour Chart) Bullish CHoCH confirms the short-term uptrend. PDH ($2,893) remains a crucial level. If broken, a rally toward $2,910 - $2,920 is likely. H4 (4-Hour Chart) Testing supply zone at PDH ($2,893). Potential retracement to $2,865 - $2,870 before continuation higher**. D1 (Daily Chart) Price bounced from a key demand zone around $2,850. Still bearish on the higher timeframe unless price reclaims $2,920 - $2,950. If $2,900 - $2,920 rejects, more downside is expected. 2. Expected Scenarios & Probability Scenario 1: Short-Term Bearish Rejection (60% Probability) If price fails to break $2,895 - $2,900, expect a rejection down to $2,870 - $2,865. Confirmation: Bearish rejection candle at PDH ($2,893). Scenario 2: Bullish Breakout (40% Probability) If price closes above $2,895, expect a move toward $2,910 - $2,920. Confirmation: Strong breakout and candle close above $2,895. 3. Trading Plan Sell Setup: (Primary Trade - 60% Probability) Entry: $2,893 - $2,895. SL: $2,905 (Above resistance). TP1: $2,880 (First liquidity level). TP2: $2,870 (Discount zone). TP3: $2,865 (Major demand zone). Risk-Reward Ratio: 1:3. Buy Setup: (Countertrend - 40% Probability) Entry: $2,895 - $2,900. SL: $2,885 (Below weak low). TP1: $2,910 (Short-term liquidity). TP2: $2,920 (Key supply zone). Risk-Reward Ratio: 1:3. 4. Final Trade Execution Summary: Trade Type Entry Stop-Loss Take-Profit 1 Take-Profit 2 Take-Profit 3 R:R Sell Setup $2,893 - $2,895 $2,905 $2,880 $2,870 $2,865 1:3 Buy Setup $2,895 - $2,900 $2,885 $2,910 $2,920 - 1:3 📌 Additional Execution Tips: Watch for a rejection at $2,893 - $2,895 before shorting. If price closes above $2,895, shift to buy mode. Use M5/M15 for precise entries and candle confirmations. Avoid entering during high-impact news releases. Risk per trade: 1-2% of capital for optimal risk management.
OANDA:XAUUSDLong
by wizzywise1
XAUUSD:sell@2890-2900Yesterday, gold was favorably influenced by both news and data, and it kept rising and breaking through resistance levels. For the sake of safety, I chose to temporarily close the short-selling orders. Before the market closed, gold didn't break through the level of 2,900, and the upward range was limited. Today, I will continue to short sell gold. . xauusd sell@2890-2900 TP:2870-2860 Currently, the account with an initial amount of 40K has reached 300K. In March, I will make a profit of one million, and I will share my daily trading orders. You can copy my orders for trading. Click on the link below the article to obtain the relevant information.
FOREXCOM:XAUUSDShort
by Kill_the_dealer
XAU/USD "The Gold vs U.S Dollar" Metals Market Robbery Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Thieves, 🤑 💰🐱‍👤🚀 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold vs U.S Dollar" Metals Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (2830.00) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or Swing high or low level should be in retest. 📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: Thief SL placed at (2830.00) swing Trade Basis Using the 2H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: Primary Target - 2780.00 (or) Escape Before the Target Secondary Target - 2710.00 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT Report, Global Market Analysis, Sentimental Outlook, Intermarket Analysis, Quantitative Analysis, Positioning: XAU/USD "The Gold vs U.S Dollar" Metals Market is currently experiencing a Neutral trend., driven by several key factors. ⭐☀🌟Fundamental Analysis Gold prices are influenced by various fundamental factors, including: - Inflation: Rising inflation can lead to increased demand for gold as a hedge against inflation. - Interest Rates: Lower interest rates can make gold more attractive to investors, while higher interest rates can reduce demand. - Central Bank Policies: Central banks' decisions on gold reserves and monetary policies can impact gold prices. - Global Economic Conditions: Economic downturns or crises can increase demand for gold as a safe-haven asset. ⭐☀🌟Macro Economics Macroeconomic factors that can impact gold prices include: - GDP Growth: Slowing GDP growth can lead to increased demand for gold. - Unemployment Rates: Rising unemployment can increase demand for gold. - Inflation Rates: Rising inflation can lead to increased demand for gold. ⭐☀🌟Global Market Analysis Global market trends can also impact gold prices: - Stock Market Performance: Weakness in the stock market can lead to increased demand for gold. - Currency Fluctuations: A weaker US dollar can make gold more attractive to investors. ⭐☀🌟COT Data Commitment of Traders (COT) data can provide insights into market sentiment: - Non-Commercial Traders: An increase in long positions by non-commercial traders can indicate bullish sentiment. - Commercial Traders: An increase in short positions by commercial traders can indicate bearish sentiment. ⭐☀🌟Intermarket Analysis Intermarket analysis involves analyzing the relationships between different markets: - Correlation with Other Assets: Gold's correlation with other assets, such as stocks and bonds, can impact its price. - Commodity Prices: Changes in commodity prices, such as oil and copper, can impact gold prices. ⭐☀🌟Quantitative Analysis Quantitative analysis involves using mathematical models to analyze gold prices: - Technical Indicators: Technical indicators, such as moving averages and relative strength index (RSI), can provide insights into gold's trend. - Statistical Models: Statistical models, such as regression analysis, can help identify relationships between gold prices and other variables. ⭐☀🌟Market Sentimental Analysis Market sentimental analysis involves analyzing investor attitudes and sentiment: - Bullish Sentiment: Increased bullish sentiment can lead to higher gold prices. - Bearish Sentiment: Increased bearish sentiment can lead to lower gold prices. ⭐☀🌟Positioning Positioning involves analyzing the current market position: - Long Positions: An increase in long positions can indicate bullish sentiment. - Short Positions: An increase in short positions can indicate bearish sentiment. ⭐☀🌟Next Trend Move Based on the analysis, the next trend move for XAU/USD is uncertain. However, if inflation concerns rise, or if there's a significant increase in bullish sentiment, gold prices could move higher. Short-Term: Bullish: $2,900-$3,000, Bearish: $2,700-$2,600 Medium-Term: Bullish: $3,200-$3,500, Bearish: $2,400-$2,200 Long-Term: Bullish: $3,800-$4,000, Bearish: $2,000-$1,800 ⭐☀🌟Overall Summary Outlook The overall summary outlook for XAU/USD is neutral. Gold prices are influenced by a complex array of factors, and the current market position is uncertain. Investors should monitor inflation concerns, interest rates, and global economic conditions to make informed decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
SAXO:XAUUSD
by Thief_Trader
XAUUSD (GOLD) TRADE PLAN 26/2/20251. XAU/USD presents a promising buy opportunity, targeting the $2,920 level as gold continues its bullish trajectory. 2. Strong fundamental drivers, including economic uncertainty and inflationary pressures, support a sustained rally. 3. Technical indicators confirm bullish momentum, with key support holding near recent lows. 4. Institutional demand and central bank purchases further reinforce the upside potential. 5. A weaker USD and dovish Fed stance create an ideal environment for gold’s appreciation. 6. Geopolitical tensions and global risk factors contribute to safe-haven demand. 7. Breakout above key resistance zones suggests a continuation toward the $2,920 target. 8. Gold remains resilient amid market volatility, attracting long-term investors. 9. Trend-following strategies align with bullish sentiment, favoring buy positions. 10. Risk management remains crucial, with stop-loss placements ensuring optimal trade execution.
OANDA:XAUUSDLong
by XAUUSD-Trade-ideas
3
Big win in gold trading today!Hello everyone, first of all, I would like to introduce myself. I am Daniel. First of all, I would like to make it clear that I am not an analyst or a writer. I am a professional trader with nearly 10 years of trading experience and rich short-term trading experience. I watch the market for at least 15 hours a day.So each of my articles will only record my trading thinking and trading strategies. The detailed trading history records in the figure are all executed by me according to my own trading signals. Although there are wins and losses, I am not a god. I cannot guarantee that every transaction of mine is completely correct, but I can continue to keep my trading winning rate above 90%. I have always emphasized in the article that gold still has no momentum to break upward, so the rebound of gold is an opportunity to short. Today, gold obviously touched the resistance area of ​​2855-2865 again. As long as this area is not broken, gold will definitely fall back when it encounters resistance, so you can be confident and bold to short gold in this resistance area. In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don’t know the exact trading rhythm, you can follow my trading ideas. I will publish my trading ideas every day and will also publish free trading signals on time. Many friends have reported that it is very helpful. If you want to learn the market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
OANDA:XAUUSDShort
by TP_Daniel
The bears haven’t gone away, continuing to short gold！Bros, I want to say that 2868 is definitely not the lowest point at the current stage, and the bears have not stopped roaring. After gold falls below 2970, market panic will lead to deep selling, which will drive gold prices further down. So the bears have not left yet, and any rebound is an opportunity to short gold. As the center of gravity of gold prices moves down, the current resistance has moved down to the 2895-2905 zone again. If gold remains below this area, I think gold is likely to move towards the 2840-2830 zone next! Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
XAU/USD: Will it rise again?The peak of gold at 2960 has already appeared, and now it has entered a downward trend. However, there is still strong support at 2880 below. There is still a possibility of a short-term rise, but the trading strategy still recommends continuing to go short after the price rises. Today's trading strategy for gold: xauusd sell@ 2920-2930 TP: 2900-2890 Currently, the account balance has increased from 40K to 100K in just three days. This account will create a miracle. If you also need accurate signals or want to copy my orders, you can click on the link below the article to obtain the relevant information.
FOREXCOM:XAUUSDShort
by Kill_the_dealer
Continue to short gold after the reboundAfter sideways consolidation, gold chose to move downward again, and the current situation and direction are very clear. 2956 has basically been confirmed as the current stage high, so in the New York trading session, we only need to find the right time and point to short gold. However, although the decline of gold just now was strong, it still seemed a little hesitant when facing the low point last night. There is still a certain support in the intraday, and the gold price will more or less rebound. The resistance area above is the 2915-2925 zone, so I will short gold with the resistance of this area, and gold will definitely touch the 2880-2870 zone or even lower during this round of decline. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
XAUUSD: The profit has reached 70KThe consecutive short-selling strategies have perfectly captured the profit from the decline in the price of gold. Congratulations to the friends who have been following my trading. I will continue to provide accurate strategies. Currently, the account balance has increased from 40K to 100K in just three days. This account will create a miracle. If you also need accurate signals or want to copy my orders, you can click on the link below the article to obtain the relevant information.
FOREXCOM:XAUUSDShort
by Kill_the_dealer
XAUUSD: Extra Caution NeededToday, the movement of gold is completely in line with the analysis I issued in the morning. After reaching $2950, it dropped again. Although all the signals I've provided recently have been profitable, it should be noted that the upward trend of gold has not completely ended yet. Even when short selling, one needs to choose a safe position to enter. The safest area for short selling remains the range of $2950 - $2960. This week's trading has been smoother than expected. However, due to the violent fluctuations in the market, unexpected changes may occur. We still need to strictly control trading risks to avoid losses to our accounts. Currently, my $40,000 account is on the verge of reaching $80,000 in just two days. I will share the orders every day. If you also need accurate signals and analysis, you can click on the link below to obtain them!
FOREXCOM:XAUUSDShort
by Kill_the_dealer
Go long on gold in the 2930 area and make continuous profits!Dear Traders, In the past couple of days, gold has been volatile, swinging up and down. Have you made profits in your gold trades? Regardless, the fluctuations in gold were within my control, and I was able to secure considerable profits from my long gold positions. As I shared in my previous two articles, in short-term trading, we should avoid hastily chasing rallies in gold. However, once gold retraces to the 2940-2930 support region, we can actively consider going long. Yesterday, after gold retraced to around 2930, it reversed and rebounded, rising to approximately 2953. Today, after touching 2929, gold reversed again and is currently climbing back to around 2942. We've secured substantial profits from two consecutive long trades in gold. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDLong
by Trader_Marvin
XAU/USD "The Gold vs U.S Dollar" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold vs U.S Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry and short entry. 🏆💸Book Profits, Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!" Buy entry above 2960.00 Sell Entry below 2925.00 However, I recommended to place buy stop for bullish side and sell stop for bearish side. Stop Loss 🛑: -Thief SL placed at 2920.00 for Bullish Trade -Thief SL placed at 2955.00 for Bearish Trade Using the 30min period, the recent / swing low or high level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: -Bullish Robbers TP 3030.00 (or) Escape Before the Target -Bearish Robbers TP 2880.00 (or) Escape Before the Target 📰🗞️Fundamental, Macro Economics, COT data, Sentimental Outlook: XAU/USD "The Gold vs U.S Dollar" Metal market is currently experiencing a Neutral trend (there is a higher chance for Bullishness)., driven by several key factors. ⭐Fundamental Analysis The current price of XAU/USD is 2940.00, indicating a strong bullish trend. The gold market is driven by various fundamental factors, including: Inflation concerns: Rising inflation expectations and a potential decline in the US dollar may boost gold prices. Interest rate policies: The US Federal Reserve's interest rate decisions may impact gold prices. Global economic uncertainty: Ongoing trade tensions, Brexit uncertainty, and geopolitical risks may drive safe-haven demand for gold. ⭐Macro Economics The global economic outlook is uncertain, with: Recession concerns: Weak economic data and trade tensions have raised concerns about a potential global recession. Central bank rate hikes: The US Federal Reserve and other central banks may continue to raise interest rates, impacting currency markets. Inflation expectations: Rising inflation expectations may boost gold prices. ⭐COT Data Commercial Traders: Net short 143,000 contracts (a decrease of 11,000 contracts from the previous week) Non-Commercial Traders: Net long 104,000 contracts (an increase of 8,000 contracts from the previous week) Non-Reportable Positions: Net long 39,000 contracts (an increase of 3,000 contracts from the previous week) Open Interest: 544,000 contracts (a decrease of 10,000 contracts from the previous week) ⭐Market Sentimental Analysis Market sentiment for XAU/USD is: Bullish: 62% of investors expect gold prices to rise, driven by inflation concerns and global economic uncertainty. Bearish: 21% of investors expect gold prices to fall, driven by potential US dollar strength and interest rate hikes. Neutral: 17% of investors remain neutral, awaiting further market developments. ⭐Intermarket Analysis The XAU/USD pair is highly correlated with: USD Index: A weaker US dollar may boost gold prices. 10-Year Treasury Yield: Lower yields may increase demand for gold. S&P 500: A decline in the S&P 500 may drive safe-haven demand for gold. ⭐News and Events Upcoming events that may impact the XAU/USD pair include: US Federal Reserve Interest Rate Decision: March 15, 2025 US GDP Growth Rate: March 25, 2025 US Inflation Rate: March 29, 2025 ⭐Seasonality Gold prices tend to be: Stronger during the winter months: Due to increased demand for jewelry and coins. Weaker during the summer months: Due to decreased demand for jewelry and coins. ⭐Positioning Analysis Traders are advised to: Consider long-term investments: As gold prices are expected to rise due to inflation concerns and global economic uncertainty. Monitor market volatility: As interest rate hikes and US dollar strength may impact gold prices. Diversify portfolios: By investing in other assets, such as currencies, stocks, or bonds. ⭐Next Trend Move The XAU/USD pair may experience a: Bullish move: Driven by inflation concerns and the US Federal Reserve's potential interest rate hikes. Bearish move: If the US dollar strengthens or global economic uncertainty increases. ⭐Overall Summary Outlook The XAU/USD pair is expected to experience volatility due to: Global economic uncertainty: Ongoing trade tensions, Brexit uncertainty, and geopolitical risks. Inflation concerns: Rising inflation expectations and a potential decline in the US dollar. Central bank rate hikes: The US Federal Reserve and other central banks may continue to raise interest rates. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
CAPITALCOM:GOLD
by Thief_Trader
XAUUSD:Insider profit informationThe market will see huge changes next. If gold breaks through the 2960 resistance, it will break through $3000 at any time. The market will see huge changes next. If gold breaks through the resistance of $2,960, it will break through $3,000 at any time. I will provide accurate analysis every day to help you trade correctly. At the same time, I will also publish all my orders, and make a profit of 200K in a month on a 40K account. Click the link below the article to get accurate signals
FOREXCOM:XAUUSDShort
by Kill_the_dealer
XAUUSD: Will it Break Through $3000?Data Analysis The weekly US employment data released at 21:00 on February 20th became an important turning point for the gold price trend. Employment data can often reflect the health of the US economy. If the data is poor, it may trigger market concerns about the economic outlook, thereby increasing the safe - haven demand for gold. Conversely, better data may weaken the safe - haven appeal of gold. After the release of this data, the gold price dropped rapidly, indicating that the market reacted significantly to the data. Market Sentiment Analysis Recently, the rising uncertainty in the global economy and geopolitical situation has led to an increase in risk - aversion sentiment, which has always been an important factor supporting the rise in the gold price. However, after the price has continued to rise and hit new highs repeatedly, some investors have started to worry about the risk of a pullback and chose to take profits. This has caused the gold price to decline to a certain extent today. But currently, the upward trend of gold has not ended. After experiencing fluctuations, it's only a matter of time before gold breaks through $3000. Support and Resistance Analysis Currently, pay attention to the resistance level of gold @2960. Pay attention to the support level at @2880. Trading Strategy In the short term, it is expected that gold will decline in a volatile manner. There are more opportunities to make a profit by short - selling after the price rises. Today's trading strategy: xauusd sell@2950 - 2960 TP: 2930 - 2920 - 2900 The most professional and accurate market analysis will be released every day, hoping to help every trader make a profit!
FOREXCOM:XAUUSDShort
by Kill_the_dealer