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Be wary of black swans appearing on Friday!On Thursday, gold continued to rise in the US market. Driven by the uncertainty of tariff policies and the expectation of interest rate cuts by the Federal Reserve, the safe-haven appeal of gold remains undiminished. As of press time, the highest gold price has reached near 2985. After the CPI on Wednesday, gold seemed to have activated the rising button, and it started to rise all the way from the CPI low of 2905. After the initial jobless claims today, it hit a new record high again. You can see that I have already drawn the 4-hour top range here I think the top of 2990 is almost a potential top position, and tomorrow is Black Friday. Why did gold dare to go up so quickly on Thursday? There is only one reason, then there may be a big move tomorrow, Friday. It is very likely that in the early morning or tomorrow Friday morning, a wave of suppression near 2990 will be tested, and then the possibility of a rapid retracement will appear. Therefore, I definitely do not recommend that you chase more in the future, there is no doubt about this. On the contrary, there are many people chasing more in the market at present. Seeing that gold has risen so much, they must think of retreating and going long. Therefore, tomorrow Friday, I suggest that you pay attention to the area around 2990. As long as this position can show a top structure signal in the Asian session, then don't hesitate to go short directly. Without saying too much, the first target can be seen at 2940-2930, or even 2920-2910. You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
Gold accelerates to the top! The plunge alarm has soundedThe gold market has reached a critical point! Driven by the strong risk aversion sentiment, the price of gold has soared all the way, quickly breaking through many resistances and accelerating to the vicinity of 2985. However, if you look closely at the K-line chart, you will find that this round of rise is mainly stimulated by news, and there is strong resistance in the vicinity of 2985. Fortunately, we have already made arrangements. We have set the number of transactions reasonably before shorting. The current margin level is sufficient to support us in dealing with the current situation. At this time, it is a good time to increase positions. We can boldly increase positions and short in the 2977-2983 area, appropriately increase the number of transactions, lower the average price, and wait for gold to fall back to the 2940-2930 area. All positions will be decisively closed to achieve a turnaround, secure the bag, and lock in profits. You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
XAUUSD buy-and-profit trading signalGold news analysis: The latest data released on Thursday (March 13) showed that the US producer price index stagnated due to falling service costs, and the number of initial claims in the United States fell slightly, still close to pre-epidemic levels. At the same time, driven by demand for safe-haven assets due to tariff concerns and US inflation reports that reinforced expectations of future rate cuts, gold prices approached historical highs but failed to break through. As of press time, spot gold rose 0.5% to $2,946.68 per ounce. The number of initial jobless claims in the United States fell last week, but the government's sharp spending cuts and escalating trade wars threaten the stability of the labor market. The U.S. Department of Labor reported on Thursday that the number of initial jobless claims fell by 2,000 to 220,000 after seasonal adjustment in the week ending March 8. Economists surveyed by the agency had previously expected the number of initial jobless claims to be 225,000 last week. In late February, the number of applications for unemployment benefits soared due to seasonal fluctuations around the winter blizzard and the President's Day holiday, which made it difficult to adjust the data. Although the labor market remains solid, the Trump administration's policies pose downside risks. Gold's 1-hour moving average is still a golden cross with upward bullish divergence. After breaking through the box and oscillating, gold continued to rise in the morning today and has basically stabilized at the 2930 line. Gold's retracement to 2930 is an opportunity to buy on dips. Gold can buy more first when it retraces to 2933 in the afternoon. If gold does not fall below 2930 again, then gold bulls will have further momentum to rise. Gold bulls are now ready to go and are expected to be even better. In the end, gold bulls have the upper hand in the oscillation, so follow the pace of the bulls. Whether gold can break through the historical high again, we will wait and see! Overall, recommends that the short-term operation of gold today is mainly long on pullbacks and short on rebounds. The short-term focus on the upper side is the resistance of 2985-2990, and the short-term focus on the lower side is the support of 2938-2928. Trading is risky, so control your position reasonably. If you don't know when to enter the market, please follow the real-time signal announcement of my trading center or leave me a message, so that you can get rid of trading problems and realize profits as soon as possible. PEPPERSTONE:XAUUSD OANDA:XAUUSD CAPITALCOM:GOLD TVC:GOLD FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by Cryptocurrency_analystBaker
All units pay attention to gold 2975 directly short 2800 seePrepare for a sharp drop Gold is ready to plummet, and the notification has been in place. The current price in the 2970-2975 area is short, and it is ready for a sharp drop. This sharp drop will be below 2800. I have told you in advance The crazier gold is, the more it will plummet. The whole network is bullish. What are the dealers doing? It must be an unconventional trend. Enter the market at a short speed You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
Gold is about to fall, and the secret behind itFrom the hourly chart, the gold price rose rapidly from 2932 to 2946 in the morning, showing the strong power of the bulls. But in the afternoon, the situation suddenly changed, and the price quickly fell back from 2946 to 2932, and the bulls and bears played fiercely. In the European session, gold once again exerted its strength and climbed from 2932 to 2948. Combining the characteristics of the Asian and European sessions, it is not difficult to find that gold has a tendency to go back and forth in a certain range again. Looking back at the rebound from 2880 to 2948, it is very similar to the trend of the early March. That is, after a wave of short-term continuous positive pull-ups, it will enter a box-shaped oscillation state and last for several hours, and then start a short-term continuous positive pull-up again, and then fall into a box-shaped oscillation cycle again. The pressure formed by the upper rail of the channel 2951-53 line. If the gold price is under pressure here, there is a high probability that it will fall back repeatedly, and the target area is 2930-2920. Even reaching the 2910 area. You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
1
xauusd:sell@2950-2960After the price of gold rose and broke through the resistance at 2930, there was an inertial upward movement. Today, it will test the resistance in the range of 2950-2960 again. Once it reaches the resistance area for the first time and the test shows it is effective, you can try to take a short position. xauusd sell@2950-2960 TP:2930-2920 Currently, my account balance has grown from an initial $40,000 to $600,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
FOREXCOM:XAUUSDShort
by KentJessie6
XAUUSD: Is it suitable to buy or sell now?XAUUSD: How to trade? Short or long. If you don't know. You can take a look at Jack's ideas. Affected by CPI and many US economic data, the trend of XAUUSD has been boosted. In terms of international geopolitics, the situation between Russia and Ukraine has become uncertain again. Russia unilaterally does not want to implement the ceasefire agreement proposed by Ukraine. This has greatly promoted geopolitical uncertainty, coupled with the CPI's expectations. It has greatly boosted the trend of XAUUSD. The current price has returned to the top of 2940. The operation is still the same as before, mainly looking for low buys. If the price retreats to 2930 or tests below, you can buy in large amounts to make a profit. In terms of trading, buy at 2930-2925. Check the new high position of 2956 above. Mainly pay attention to whether there is the latest news release in the market. Keep an eye on the real-time trading opportunities announced in the analysis circle every day. If you want to follow.
OANDA:XAUUSDLong
by Confident_Step
XAU/USD 13 March 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis/Bias remains the same as analysis dated 07 March 2024. Price has printed a bullish CHoCH according to analysis and bias dated 28 February 2025. Price is currently trading within an established internal range. Intraday Expectation: Price is now trading in premium of 50% internal EQ where we could see a reaction at any point. Price could also target H4 supply zone before targeting weak internal low, priced at 2,832.720 Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias has not been met, largely due macroeconomic events, particularly the Trump trade tariff war, which is causing uncertainty within the markets which is supporting Gold price. Price has printed a bullish iBOS. Within the structure following the iBOS, price has printed a several bearish CHoCH's with very minimal pullbacks before continuing bullish. In order not to distort internal structure range I will apply discretion and not classify bearish CHoCH without considerable pullback. Intraday Expectation: Await for price to print Bearish CHoCH which is supported by a pullback relative to recent price action. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold's safe-haven upgrade breaks through and rises again!Technical analysis of gold: Gold saw another wash yesterday, with a pullback to 2906 in the evening and then to 2940 in the second half of the night, with the daily line closing positive. The normal trend is still bullish today. On the daily level, gold fell on Monday and broke the shock range at the end of last week, showing a more obvious downward trend. However, the market trend is changing. On Tuesday and Wednesday, it directly reversed strongly, closing positive for two consecutive days and successfully breaking through last week's high. This erratic market undoubtedly brings great challenges to operations. At present, the gold price is firmly above the moving average, showing a certain bullish advantage. Today, the primary concern is the continuity of gold's rise. In terms of support below, first pay attention to the vicinity of 2930, which is the high point touched many times last week. According to the top and bottom conversion theory in technical analysis, if effective support can be obtained here, it will further consolidate the bullish pattern. Today's gold short-term operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the 2956-2960 first-line resistance, and the lower short-term focus is on the 2926-2930 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2956-2960, stop loss 8 points, target around 2945-2935, and look at the 2930 line if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 2928-2930, stop loss 8 points, target around 2945-2955, and look at the 2965 line if it breaks;
PYTH:XAUUSDLong
by UptonCharlotte
Gold 2910 successfully broke through 2930, and may test the prevGold, this round of price stagflation sell-off from 2956 high to 2833, non-farm payrolls at the end of last week put pressure on 2930, fell to 2880 on Monday and then rebounded, affected by market news, the continuity is not strong, the article emphasizes that the market will break through the parallel high of 2930; after consolidation on Wednesday, it rose to 2940 overnight, verifying the idea; the daily chart has many consecutive positive structures, and the attack and defense of the 2940-2956 range will be focused on at the end of the week; The market opened at 2934 in the morning, and the short-term support during the white session 2930-2926, strong support 2922 and daily chart MA5-2916; short-term resistance 2940-2942, strong resistance 2952-2956, daily chart Bollinger upper rail is around 2960; In terms of operation, yesterday's 2910 long successfully reached 2930, and the main long position continued to retreat during the day, and pay attention to the impact of the initial jobless claims data in the evening; Strategy 1: Buy at 2930-2926, protect 2920, target 2940-2956;
PYTH:XAUUSDLong
by UptonCharlotte
Gold's safe-haven upgrade breaks through and rises again!Technical analysis of gold: Gold saw another wash yesterday, with a pullback to 2906 in the evening and then to 2940 in the second half of the night, with the daily line closing positive. The normal trend is still bullish today. On the daily level, gold fell on Monday and broke the shock range at the end of last week, showing a more obvious downward trend. However, the market trend is changing. On Tuesday and Wednesday, it directly reversed strongly, closing positive for two consecutive days and successfully breaking through last week's high. This erratic market undoubtedly brings great challenges to operations. At present, the gold price is firmly above the moving average, showing a certain bullish advantage. Today, the primary concern is the continuity of gold's rise. In terms of support below, first pay attention to the vicinity of 2930, which is the high point touched many times last week. According to the top and bottom conversion theory in technical analysis, if effective support can be obtained here, it will further consolidate the bullish pattern. Today's gold short-term operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the 2956-2960 first-line resistance, and the lower short-term focus is on the 2926-2930 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2956-2960, stop loss 8 points, target around 2945-2935, and look at the 2930 line if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 2928-2930, stop loss 8 points, target around 2945-2955, and look at the 2965 line if it breaks;
PYTH:XAUUSDLong
by UptonCharlotte
Gold 2910 successfully broke through 2930, and may test the prevGold, this round of price stagflation sell-off from 2956 high to 2833, non-farm payrolls at the end of last week put pressure on 2930, fell to 2880 on Monday and then rebounded, affected by market news, the continuity is not strong, the article emphasizes that the market will break through the parallel high of 2930; after consolidation on Wednesday, it rose to 2940 overnight, verifying the idea; the daily chart has many consecutive positive structures, and the attack and defense of the 2940-2956 range will be focused on at the end of the week; The market opened at 2934 in the morning, and the short-term support during the white session 2930-2926, strong support 2922 and daily chart MA5-2916; short-term resistance 2940-2942, strong resistance 2952-2956, daily chart Bollinger upper rail is around 2960; In terms of operation, yesterday's 2910 long successfully reached 2930, and the main long position continued to retreat during the day, and pay attention to the impact of the initial jobless claims data in the evening; Strategy 1: Buy at 2930-2926, protect 2920, target 2940-2956;
PYTH:XAUUSDLong
by UptonCharlotte
Gold fake breakthrough, 2939--2945 is open shortBecause it is not a unilateral trend at the moment, it does not have the momentum for continuous rise. Without the promotion of events, it is extremely difficult to break the historical high. The market has the 80/20 rule. Before 2910-2920, many analysts asked you to short gold at a high position, but you were slapped in the face by the surge in gold. Now many analysts also suggest that you should go long after a decline. Today, gold will definitely plummet and slap you again. The bookmakers have also figured out the order-making methods of such analysts, and these analysts have been reduced to fish meat. Only a few people can judge clearly that gold will continue to fluctuate at present. This position is a false breakthrough, which is a bait thrown by the dealer to trap a group of people. In the 4-hour cycle, the gold price is in the shape of a trumpet. Today's high point just touches the pressure line. Without saying too much, the opportunity is given to enter the market quickly to short in the 2939-2945 area. Now let's witness the market being controlled by us. You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
The downward trend is clear at a glanceCPI inflation in February recorded the slowest growth in four months, bringing a slight relief to the stagnation of the anti-inflation process in the past few months. According to data released by the U.S. Bureau of Labor Statistics on Wednesday, after a sharp increase of 0.5% in January, the CPI in February increased by only 0.2% month-on-month, lower than the expected 0.3%, the lowest since October last year, and the year-on-year growth slowed to 2.8%, the lowest since November last year, lower than the previous value of 3% and the market expectation of 2.9%. After the data was released, gold once stretched to around $2,920, and then fell again to a low point near 2,905-06. After touching 2,905, it returned to support and then rebounded. As of now, the highest point is the rebound to around 2,940. It can be seen that the rise from 2,832 to the present is basically in the abc rising wave shape. At present, the upper 2940 is the 618 suppression point. If it cannot effectively stand at 2940, there must be a consolidation, and it must fall back. Secondly, 2920 was the high point of gold in the early stage. After breaking through, 2920 has become a support position. Therefore, if it cannot break through 2942, there is a high probability that there will be a wave of support 2920. Even lower 2900 area. You can read bottom signals, interpret daily market trends, and share real-time strategies, so you no longer blindly follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
Gold Breaks Out: Is a New All-Time High on the Horizon?Finally, after a week of range-bound trading and a false downside breakout, Gold has found direction and surged to the upside. As expected, the inflation data served as the catalyst. With the reported figure coming in lower than anticipated, traders are now pricing in potential rate cuts. Technically, as mentioned, the price broke above the 2930 resistance level and reached a high at 2947 just shy of the all-time high. Currently, Gold is undergoing a normal correction, which should present traders with an opportunity to buy at lower levels. The ideal buy zone is between 2920 and 2930, with the bullish outlook negated if the price falls back into the previous range. In terms of targets, the old ATH acts as resistance, but I wouldn’t be surprised if Gold pushes higher and sets a new record above the 2960 zone. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDLong
by Mihai_Iacob
1
How to continue to short (2)As in my last analysis, currently XAUUSDXAUUSD is about to hit that 2945-2948 Operation policy reference： Short Position Strategy 1:XAUUSD sell@2945-2948 20%Transaction of funds ， tp:2930-2920-2910 2:XAUUSD Buy@2910-2915 20%Transaction of funds ， tp:2930-2945-2955 The Signals have timeliness , if you also need to get accurate signals every day，follow the link below to get my daily strategy updates If your account is still in the red, you need to pay attention to whether the resistance is valid. If the resistance is valid, there may be a decline. You can close your order on the decline and trade in the right direction again
FOREXCOM:XAUUSDShort
by BenGray9
Gold Top Trading SignalsThe first definition of trend is continuity. So if the market turns bearish, then it will continue to fall today. It is best to break below 2880 to be a bearish trend. If it rebounds during the day, it is still a shock. As long as the low point of 2880 is not broken, gold has just changed to a shock range. There is little point in being bearish, because the position of 2880 itself is also a support. There is also a key support of 618 golden ratio at 2870 and a strong support at 2860. If these are broken, it will be difficult to hold the previous low of 2832, and there may be further declines. Therefore, gold will not go straight up and down here at present, and it is more likely to run in a volatile and bearish market, accumulating upward momentum before rising. Because, from an overall perspective, the current position of gold is where it rebounded after a sharp rise in the previous period. It is not appropriate to be overly bullish or overly bearish on gold at the moment. Let it move for a while, and it will naturally come out in time. We need to be more patient. For today, we can first see the European session continue to fall, focusing on the pressure at the 2900 line. The watershed is at 2910, and the support below is at 2880-2870, with strong support at 2860. If the rebound in the European session is too strong, then it will still be volatile. In terms of trading, gold still fluctuated sideways within the range yesterday. We took a cautious wait-and-see attitude. It is not easy to act rashly when the direction is unclear, not to mention that it is still running in the middle of the range. Therefore, we waited until the evening to go short at 2905, held overnight, and took profit at 2884 this morning, earning 21 US dollars.
OANDA:XAUUSD
by EmmaSaxton
Gold Top Analysis StrategyGold, yesterday the bears finally broke the recent range of shocks, and stopped after touching the lowest level of 80, and rebounded again after opening in the morning, touching the 00 position, and this position is also the effective point of the previous top and bottom conversion, which was also mentioned in the previous period. Once this position is broken, we will still choose to follow up and look at gold. At present, it continues to rebound near this position, which is also an ideal point for us to continue to arrange short orders. From the daily line, the current big Yinxian pattern has broken down, and the short-term moving average has reversed to form a suppression system, and the moving average position is concentrated above. The middle track position gives suppression, while the support below is maintained at yesterday's point 80, which is basically equivalent to the previous rising position. Since the bears have already formed a downward break, we still choose to follow up the short order in the short term and wait for the second pullback. We can directly short gold near 98-99 during the day. This position is also the key pressure point of the daily line, and the target is around 80-70. If the European session continues to be weak, then the US session can continue to short, and if it stands above 00 for a while, you can consider withdrawing and exiting, and it is very likely to rise again. Gold is shorted at around 98-99 during the day, with a target of around 80-70, and a stop loss of 0.55
OANDA:XAUUSD
by EmmaSaxton
Today's Gold Trading StrategyTechnical analysis of gold: The daily positive line of gold recovered and recovered the losses of the previous day's negative line, returning to the previous range of fluctuations, and the lowest point was 2880 without breaking. The European and American markets recovered the losses. The weak downward trend of the US dollar still limits the short-term adjustment space of gold prices. It returned to the 2890 range and saw again. It is currently close to the upper track. The upper focus is on the 2930 high point. If this position is not broken, the fluctuation will continue. The daily line closed with a big positive line with a lower shadow slightly longer than the upper shadow line. After this pattern ended, gold currently only looks at the oversold rebound trend. Today, gold focuses on the upper resistance at the 2920 US dollar line. The rebound relies on the high altitude below the resistance here. The lower side looks at the 2900 US dollar level. If it falls below, look at the 2890 US dollar level! In the 4-hour chart, a wave of consecutive positive lows directly hit the upper rail, and the lower rail stabilized and rebounded to the upper rail. Yesterday's rebound paused slightly at 2922, which is close to the pressure area of ​​the upper rail. At the same time, the upper rail of the Bollinger Band is also near 2930, and it is still closing in parallel. In the short term, before breaking through the range, it is better to look at the suppression when approaching the upper rail. Adjust the thinking after the breakthrough. Sawback and repeated short-distance running are the main ideas at present. Since gold is still oscillating, don't chase more easily now that the gold price has rebounded to a high level. After all, gold is still rebounding under risk aversion, not a reversal of bulls. Since it is still in the oscillation range, continue to go short at the rebound high. Go short directly at 2915 in the early trading. On the whole, I suggest that today's short-term operation strategy for gold is mainly to go short on rebounds, supplemented by going long on pullbacks. The short-term focus on the upper side is the 2920-2922 resistance line, and the short-term focus on the lower side is the 2880-2890 support line. Short order strategy: Strategy 1: When gold rebounds to around 2915-2918, short (buy short) in batches, 20% of the position, stop loss 8 points, target around 2900-2890, break to 2880 Long order strategy: Strategy 2: When gold falls back to around 2880-2883, buy long positions in batches (buy up) with 20% of the position, stop loss 8 points, target around 2900-2910, break the position and look at the 2920 line
OANDA:XAUUSD
by EmmaSaxton
Gold Top Trading SignalsGold fell the day before and seemed to have fallen below the bottom of the range at 2890, but it quickly recovered the losses yesterday and rebounded quickly, with European and American markets continuing to strengthen. This means that the market is still hidden with bulls, don't be covered by appearances. The bottom faces dense support at 2880-2870-2860. If it really goes down, then the previous low of 2832 will also be difficult to hold, and the market will really turn bearish. The current gold oscillation time is too long. Generally speaking, in the trend market, the oscillation sideways time is 3-4 days, and then there will be a clear direction. The longer the oscillation time, the less clear the direction; as the accumulated energy becomes stronger, once a break is formed later, the greater the force of the market explosion will be. At present, gold is still in a rhythm of more fluctuations. It is easy to rise but difficult to fall. Even if there is a decline, it will be quickly covered by the rebound. Therefore, for gold today, we can first look at the continuation of the rebound. The focus of the day is on the support of 2910-2906. The watershed is at 2900. The upper pressure is at the top of the range at 2930. If it breaks, look at the high point of 2945-2956. If there is no increase during the day, the European session suppresses the sideways decline, then look at the decline in the evening, and it will still fluctuate in the range. In terms of trading, yesterday's intraday 2901 long order stopped at 2910. In the evening, the strategy was adjusted according to the intraday trend. The callback was directly long at 2908, and the profit was successfully stopped at 2920. The reverse hand was taken at 2919 and the short was stopped at 2914; a total of three orders were operated to earn 8 US dollars. All our transactions are based on evidence. We do not make orders randomly or frequently. Right is right and wrong is wrong. We treat every friend seriously. Trust comes from strength. Trading focuses on profit. There is no shortage of opportunities in the market. It is never too late to start over.
OANDA:XAUUSDLong
by EmmaSaxton
Gold top analysis trading signalsFrom the daily chart of gold, yesterday's gold price was mainly volatile, recording a cross star candlestick pattern. The price rebound failed to effectively stabilize at a high level, causing the MACD indicator to fail to change the golden cross. At this stage, the gold price has a tendency to fall again, and the MA5 moving average begins to turn downward. You can pay attention to whether the moving average has formed effective pressure. From the hourly chart of gold, since the gold price rebounded near 2865 in March, the price has not been able to successfully break through the rebound of the 2930 first-line position. After a period of shock and consolidation, there are signs of a downward break. Although the gold price has rebounded in a short period of time, the 2900 integer mark has become a watershed between long and short positions. It is recommended to pay attention to whether the pressure of the MA5 and MA10 moving averages is effective. Short-term operation in the early trading 2880 long single look at 2895-2915, now you can exit and wait for the next opportunity; pay attention to the resistance of the 2920-2925 area above, and pay attention to the support of 2880-2875 below. Long order strategy: It is recommended to go long in batches at 2890-2895. Short order strategy: For stable builders, it is recommended to go short in batches at 2910-2915.
OANDA:XAUUSD
by JosephChristian
Gold bottoming out is not a reversalTechnical analysis of gold: From the daily chart of gold, the price of gold fluctuated yesterday, and a cross star candlestick pattern was recorded. The price rebound failed to effectively stabilize at a high level, causing the MACD indicator to fail to change the golden cross. At this stage, the price of gold has a tendency to fall again. The MA5 moving average began to turn downward. You can pay attention to whether the moving average has formed effective pressure. After the gold price rebounded yesterday and continued to be under pressure at the 2915 line, it started to pull back in the early morning and fell below the recent oscillation range. In the morning trading today, gold hit the lowest level of 2880 and then rebounded randomly again. The short-term trend is extremely repetitive. Although it has broken through the oscillation range, it does not necessarily form a unilateral market. From the 4-hour chart, the gold price fell below the key support, but it did not continue the decline today, but directly rebounded again to touch around 2910. It fell yesterday. If the decline continues in the morning trading today, it means that the short position has continuity. Today, it did not fall below the new low and rebounded again, indicating that the market is not extremely weak, but is still dominated by the oscillation pattern, but just changed the range. Therefore, the current decline is not considered extremely weak, nor is it a continuous trend of decline. With the current trend, the gold price rebounded first in the morning. It is highly unlikely to fall below a new low in the morning session today, but it does not mean that 2880 will not be broken. We have seen that the recent market trend is extremely repetitive and slow. Yesterday, it fell and broke through the shock range, and also broke through the key support area of ​​2900-2890. This means that after the short-term shock, the support of the gold price has been lost. Although it may not fall sharply, the center of gravity has moved downward. In the short term, the gold price may still fluctuate downward to find new support. Therefore, from this point of view, the gold price is likely to be suppressed at 2930 for a period of time, and start a shock correction, rather than a unilateral decline. After breaking through the key support yesterday, today's short-term outlook is weak. Although it rebounded strongly in the morning, the focus is on yesterday's starting point, that is, whether the position of 2915, which was under continuous pressure in the early morning, can be maintained. Although it is a volatile pattern, if the key position is maintained, it will fluctuate downward again. Today, the position of 2915 has the same meaning as the previous 2930. Therefore, since the gold price is weak in the short term, it follows the strength and trend. Today, relying on 2915 as the key suppression, it is bearish first. On the whole, the short-term operation strategy for gold today recommends rebounding and shorting as the main strategy, and callbacks and long positions as the auxiliary strategy. The short-term focus on the upper side is the 2915-2918 resistance line, and the short-term focus on the lower side is the 2880-2882 support line. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, and set stop loss strictly. Strategy 1: When gold rebounds to around 2915-2918, short sell (buy short) in batches, 2/10 of the position, stop loss 8 points, target around 2900-2890, break to 2880
OANDA:XAUUSD
by JosephChristian