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XAUUSD's next trading trendPowell's meeting is over. Powell's response was very decisive. It is difficult to do it in the short term about interest rate cuts. Therefore, through the content of the meeting, we pay attention to the fact that there is still some pressure on the rise of xauusd. In terms of economic data, the foundation of the US dollar is still strong. The market is still under pressure in terms of operations. At present, we need to pay attention to whether geopolitics will give some upward momentum in the XAUUSD market. Although I don't want to see a turbulent pattern, you need to pay attention to these influencing factors when you trade. About today's idea of ​​selling xauusd. It has been announced in advance in the London market. If you don't pay attention to the core content of the band trading center. Then you will definitely miss some good transactions. This is for sure. So in order to avoid missing some good trading plans next time. You can follow me. Continue the selling trading strategy. 3382-3387 can be paid attention to as a short-term selling position. Those with larger funds can rely on the current price of 3374. Sell Remember to control risks when trading.
OANDA:XAUUSDShort
by Band_analysis
Gold – False Break Signals More DownsideIn my commentary yesterday, I highlighted the importance of the 3360 support zone. While Gold initially found a bid around this level, the sharp reversal from the 3415 Asian session high suggests a failed breakout. Key Observations: • The quick rejection above 3360 now looks like a false break, reinforcing the bearish outlook. • The recent high around 3415 appears to be a lower high following the 3500 ATH, confirming potential trend weakness. • Given this structure, a drop back to at least the 3270 support zone seems highly probable. 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:XAUUSDShort
by Mihai_Iacob
3
XAU/USD: Strategic Analysis on ThursdayThe interest rate decision of the Federal Reserve is in line with market expectations and does not go beyond the scope of the widespread market anticipation before. In terms of gold, the price of $3,350 serves as a crucial dividing line at present. If the gold price can successfully stop falling and stabilize near this price level, forming an effective support, it indicates that the bullish forces still dominate, and the upward market trend in the future is expected to continue. Conversely, once this price level is broken, the bearish sentiment in the market will rapidly heat up, and the price is likely to further decline, seeking a new support level below $3,320. The geopolitical situation continues to deteriorate. The most intense military conflict in nearly a decade has broken out between India and Pakistan, and the civil war in Sudan is also escalating. These conflicts not only pose a serious threat to the regional and global peace and stability but will also have a significant impact on the commodity market. As a traditional safe-haven asset, the safe-haven attribute of gold will be further stimulated, and its price is expected to receive strong support. At the same time, the war may lead to uncertainties in energy supply, thus driving up the prices of energy sources such as crude oil. XAUUSD buy@3350-3360 tp:3390-3400 I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
FOREXCOM:XAUUSD
by H_C_12
GOLD WILL DROP MORE !!HELLO TRADERS As i can see Gold break 3300 levles which was expected a Strong Support Zone for a new ATH but its rejected and now we had saw a Trade War Talks on Going with US and China to be compromise soon on Friday we saw NFP results was good for Dollar and now after closing markets under 3260 is a clear sign for us for a more incoming drop in precious metals Gold Long Term View is still bullsih but markets always not move in one direction so it a great trade ida with a very low Risk and higher Rewards we need ur Support and comments Stay Tuned for more Updates ....
OANDA:XAUUSDShort
by apextradingacadmey
Gold Market Update - XAUUSD post FOMC May 7🎤 Context: FOMC day just dropped the mic. Market’s fidgety. Fed held rates steady (no shocker), Powell said plenty (but meant little), and Gold just tap danced at resistance like it’s auditioning for Wall Street’s Got Talent. Let’s dissect it all and get sniper-precise. 🔍 MACRO CONTEXT 💣 FOMC Rate Decision: Rates unchanged. Dovish tilt in Powell’s tone – soft landing narrative holding. 💼 Market Impact: Dollar hesitant, equities flat, Gold caught in limbo near intraday premium. 🧠 Sentiment: Risk-on... cautiously. But Gold's structure says, “I still have traps to set.” 🧠 STRUCTURE INSIGHTS (H4 → M1) 🔹 H4 Bias: Bullish swing (CHoCH → BOS intact), premium territory. 🔹 H1-H4 Key Zone: 3451 = Previous HH, now resistance and first critical liquidity magnet. 🔹 Current PA: Sideways chop just under intraday premium. 🔹 Liquidity Above: Weak High around 3415–3420 ready for sniping. 🔹 Liquidity Below: HL sweep and imbalance open below 3384, with clean demand at 3366–3372. 🎯 SNIPER SELL ZONES Sell #1 – 3412–3418 (Refined rejection block) 🟪 Confluence: 5M FVG + weak high + premium OB 🎯 Entry: 3412–3418 🛑 SL: 3425 🎯 TP1: 3390 🎯 TP2: 3372 🎯 TP3: 3350 Sell #2 – 3440–3455 (Retest) 💣 Only valid if price breaks above 3420 and sweeps next liquidity. 🟩 Entry: 3440–3455 🛑 SL: 3463 🎯 TP1: 3420 🎯 TP2: 3390 🎯 TP3: 3370 🎯 SNIPER BUY ZONES Buy #1 – 3366–3372 (H1 OB + FVG confluence) 📌 Real-time unmitigated demand with strong structural confluence 🎯 Entry: 3366–3372 🛑 SL: 3355 🎯 TP1: 3395 🎯 TP2: 3415 🎯 TP3: 3440 Buy #2 – 3322–3330 (Deep liquidity sweep + H4 equilibrium zone) 💧 Only valid if full breakdown under HLs 🎯 Entry: 3322–3330 🛑 SL: 3305 🎯 TP1: 3355 🎯 TP2: 3370 🎯 TP3: 3390 ⚔ BIAS NY Session Bias: Sideways-to-bearish while under 3415 Macro Bias: Still bullish HTF, but intraday liquidity still needs clearing Risk Note: FOMC aftermath = traps galore. Sniper entries only. No hero buys or chases. Drop a 🚀 and follow us! 📌 Important Notice!!! The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
FOREXCOM:XAUUSD
by GoldMindsFX
Gold breaks through 3400, the upward trend will continue The Federal Reserve's interest rate decision will keep the interest rate unchanged, which is in line with the psychological expectations of most people in the market. The current price of gold still continues to fluctuate at high levels, but in terms of the general direction, gold bulls have actually not changed, and bulls are still in a strong phase. If gold breaks through 3400 strongly in the short term, then you can go long gold on dips above 3400. If gold rebounds, focus on the pressure near 3430.
TVC:GOLDLong
by Fortune-signal
Gold 100% Profit SignalThe daily level shows that the price of gold fell after a strong rebound for two consecutive days, indicating that the selling pressure from above is significant and there is a need for technical correction in the short term. The current price has retreated to the vicinity of the key psychological level of $3,400, which is the support area of ​​the previous breakthrough gap. If it fails, it may further drop to the level of $3,350. In terms of technical indicators, RSI has fallen from the overbought area, and the MACD red column has shrunk and there are signs of a dead cross, indicating that the bullish momentum has weakened. In addition, the 5-day moving average shows a downward trend. If the gold price fails to re-stand on the resistance level of $3,440, it will confirm the formation of a short-term top structure. Overall, gold is in a high-level shock consolidation stage. If there is a lack of new risk aversion drivers, the adjustment cycle may continue. Although geopolitical risks continue to exist, the current financial market is more focused on the evolution of global trade sentiment, resulting in a phased weakening of the attractiveness of traditional safe-haven assets. In the long run, gold still has fundamental support, but in the short term it may be affected by the strength of the US dollar and the recovery of risk appetite. In terms of operating strategy, it is recommended to focus on low-level buying on pullbacks and high-level selling on rebounds. Pay attention to the resistance in the 3405-3430 area on the top and the support in the 3360-3350 range on the bottom. In the early Asian session, gold prices showed a rapid correction trend. The key support band below is concentrated in the 3356-3363 area, which is the long defensive fortress of the previous upward trend. The technical pattern shows that if the support is confirmed by the retracement, long orders can be arranged in this area, and the low-long idea remains unchanged. The key watershed of the short-term bullish trend is in the 3340-3345 range. The loss of this position will change the short-term strong pattern. The daily level maintains a bullish control structure, and the operation suggestion is to focus on low-long after the correction stabilizes. Operation strategy: 1. Go long when gold falls back to 3355-3365, and add more when it falls back to 3346-50, stop loss at 3338, target 3386-3395.
OANDA:XAUUSD
by NatRobin85
2
Real-time analysis of the XAUUSD market.The current volatile trend is to give room for adjustment for the interest rate decision and the Fed's speech later. If the interest rate is expected to remain unchanged or increase, it will boost the US dollar index. This will suppress the xauusd market. It will be bearish and fall. If the interest rate is cut, it will boost XAUUSD. But I think the market will not raise interest rates at this stage. The probability of a rate cut is also very low. So maintaining the same interest rate is the first choice. In terms of trading, traders with large amounts of capital can sell at 3385 at the current price, while traders with small amounts of capital can wait until the market returns above 3400 before selling. The Swing Trading Center continuously updates new real-time trading opportunities. If you don't understand trading, or don't want to miss the next real-time trading opportunity, remember to follow me.
TVC:GOLDShort
by Band_analysis
The Fed is highly likely to keep interest rates unchangedAfter surging rapidly and then falling back in the early trading session today, gold basically started to fluctuate sideways. Of course, this is because gold is awaiting the important data of the Federal Reserve's interest rate decision. So, what will be the trend of gold after the Federal Reserve's interest rate decision?👉👉👉 From the perspective of the recent market situation and data, it is highly likely that the interest rate for gold will remain unchanged. Generally speaking, the price of gold will still maintain an upward oscillating trend. The 1-hour moving average of gold is still in a bullish arrangement with a golden cross, indicating that the bullish momentum of gold persists. It is advisable to go long on gold when the price is low. The level of $3,350 for gold remains an important turning point between the bullish and bearish trends.
FOREXCOM:XAUUSDLong
by Trading_Grorge
Gold 100% Profit SignalTechnical analysis of gold: Gold has fallen after rising, and there is a large room for gold to fall, from 3438 to 3360 now, with a fluctuation of nearly 78 US dollars. Under this change, we should pay attention to whether the long and short changes of gold will continue. From the perspective of cyclical performance, there is a high possibility of a wave of adjustment space after three consecutive positive lines on the daily line, and the intensity of this adjustment will not be small. It is possible that the big negative line swallows the positive line and directly falls below 3300. If it comes out like this, then it can be said that it is difficult for gold to rise this week. On Thursday and Friday, it may fluctuate and fall or fluctuate at a high level. From the perspective of the 4-hour cycle, a big negative line closed, covering the previous positive lines, and breaking the support of the 5- and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock and the Bollinger middle rail is not broken, it may rise again to the high point of 3430. Therefore, gold has experienced large ups and downs in this cycle, and now it is possible to rise or fall. In the short-term cycle, we will first focus on the support effect of 3360-3350 under the weakness of the early trading. If it is not broken, we can continue to be bullish. The upper target is 3400, and if the strength is strong, we will look at 3430. On the whole, the short-term operation strategy for gold today is to mainly short on rebounds and to do more on pullbacks. The short-term focus on the upper side is the 3400-3405 line of resistance, and the short-term focus on the lower side is the 3350-3300 line of support. Short order strategy: Strategy 1: When gold rebounds to around 3397-3400, short sell (buy short) in batches, 20% of the position, stop loss 6 points, target around 3360-3330, break the position and look at the 3300 line Long order strategy: Strategy 2: When gold falls back to around 3300-3305, buy long positions in batches (buy up) with 20% of the position, stop loss 6 points, target around 3330-3350, break the position and look at 3370
OANDA:XAUUSD
by NatRobin85
Strong support at 3360; future trend analysis belowI mentioned yesterday that gold was accumulating bullish momentum to challenge the 3400 level at that time 📈. If the challenge failed, it would drop sharply 📉, and if it succeeded, it would continue to rise. That's why I advised you not to trade at that moment, as it was easy to choose the wrong direction and have your account wiped out 💥. Currently, the international geopolitical situation has suddenly heated up 🌋, and the market's risk - aversion sentiment has once again pushed up the gold price 📈. However, tonight's Federal Reserve interest rate decision and Jerome Powell's speech will be key nodes in the battle between bulls and bears ⚔️. The sharp fluctuations in gold this morning conform to the characteristics of a washout 🌀. But be wary of a significant pullback after the continuous slow rise 🚨. In terms of operation, it is recommended that investors avoid blindly chasing the upward trend and focus on the impact of the Fed's decision on real interest rates and the US dollar 👀. Currently, the resistance above is at 3397 - 3407, and the strong support level of 3360 has been tested twice today, showing a double V bottom pattern📊. ⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️ 🚀 Buy@3360 🚀 TP 3380 - 3390 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
FOREXCOM:XAUUSDLong
by Sovereign-
XAUSD FOMC - Gold Sniper Plan - May 7 - 2025💥 XAUUSD FOMC Sniper Plan – May 7, 2025 "We Don’t Chase Breakouts. We Build the Trap Before the Noise." 🌍 Macro & Geopolitical Context – What Really Matters Today Markets are frozen in anticipation of tonight’s FOMC bombshell: 📌 20:00 UTC – FOMC Statement & Rate Decision 📌 20:30 UTC – Powell Speaks Traders are split. Some expect a dovish tone to push gold through ATH. Others brace for a hawkish surprise. But let’s get one thing straight: Gold has already run thousands of pips. It doesn’t need help going higher — it needs a reason not to collapse. That’s what Powell holds in his hands tonight. Meanwhile, geopolitics stay hot in the background: Middle East tensions simmer (again). Trump pressure on Powell to step down adds political risk. Global yields are compressing → gold remains macro-favored. This is not a time for guessing. This is a time for traps. 🧠 Current Structure Snapshot (Price: 3431) HTF is still bullish, but we're extended. Last confirmed HH = 3488, with ATH = 3500 We're in a short-term retrace under a H4 CHoCH → excellent sniper conditions. 🧱 Key Structural Levels Zone Type Price Range Context 🔼 R2 3488–3495 Last HH OB + extension sweep trap 🔼 R1 3448–3455 H4 OB + liquidity pocket under HH 🔽 S1 3378–3384 H4 OB + FVG + EMA 50 confluence 🔽 S2 3333–3340 D1 OB + CHoCH + imbalance zone We don't use FIBO extensions for guessing entries. We use them to target the crowd who does: Extension Price Range Use 1.272 3530–3535 TP3 only 1.618 3575–3580 Final exhaustion area 🎯 Sniper Setups – Real, Refined, Ruthless 🟢 Buy #1 – 3378–3384 Valid H4 OB FVG tail fill + internal liquidity RSI around 40 + EMA 50 bounce SL: 3365 TP1: 3405 | TP2: 3430 | TP3: 3455 🧠 Our first reaction zone before news madness. 🟢 Buy #2 – 3333–3340 D1 OB + imbalance Clean internal liquidity from 3300–3330 Confluence with CHoCH base SL: 3315 TP1: 3370 | TP2: 3405 | TP3: 3448 💎 This zone is invisible to retail — perfect trap before spike. 🔴 Sell #1 – 3448–3455 H4 OB at premium EMA rejection + FVG close Pre-news stop hunt ideal here SL: 3462 TP1: 3430 | TP2: 3405 | TP3: 3385 🎯 Don’t short gold randomly — short it here, where retail longs trap themselves. 🔴 Sell #2 – 3488–3495 Last HH OB before ATH Strong fibo ext confluence Sweeps = liquidity + exhaustion SL: 3504 TP1: 3465 | TP2: 3430 | TP3: 3395 If they want to break ATH before Powell, we’ll be waiting above it. ⚙ EMAs in Sync EMA Signal 21 Tested from below — sell confluence at 3448 50 Lining up near Buy #1 200 Far below — macro still bullish 🧠 Execution Plan Stay flat before FOMC unless setups trigger with PA confluence Anticipate whipsaws → SLs must be respected If price consolidates above 3455 = bullish continuation likely If it sweeps 3448–3455 and rejects = sell of the week Drop a 🚀 and follow us: if you’re not trading emotion — you’re trading execution. 📌 Important Notice!!! The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
FOREXCOM:XAUUSD
by GoldMindsFX
1
The Fed meeting is coming. Will gold fall?Today's news focus: The US Federal Open Market Committee (FOMC) will announce the interest rate decision; Fed Powell will hold a monetary policy press conference. The market generally expects that this meeting will continue to maintain the previous data, because the impact of tariff policies on inflation and the economy still needs to be observed. The Fed's interest rate cut may be carried out in June. Since this interest rate decision does not update the economic forecast, the focus will be on the Fed's incidental comments on any signals of future interest rate cuts to support the economy. Since the decision to keep the interest rate unchanged has been fully digested by the market, Powell's tone at the press conference will be the key to changing the market's expectations for interest rate cuts this year. Today's gold trend analysis: At present, according to the hourly chart, gold is still under pressure at the range resistance above 3400; on the one hand, the current tariff storm has cooled down, and on the other hand, the interest rate cut has decreased; and the news data to be released will cause a series of fluctuations in gold in the short term. At the same time, the market is currently betting that the gold price will have a further trend correction, which may cause capital outflows from the market, which will further hit gold bulls. Quide believes that there is still room for operation in the short term. The resistance level of short-term upward movement is around 3400, but since the game between major powers has not stopped, there will be no major negative factors; if the news data does not fluctuate much, the market may not have a big dive. Operation strategy: Short around 3400, stop loss at 3410, and take profit in the range of 3370-3360. Quide will always pay attention to important news and can provide professional analysis and suggestions for everyone in a timely manner. I hope to help everyone recover their losses in the gold trading market.
OANDA:XAUUSD
by Quaid-1
1
Gold range shock , Both long and short have a chance!📌Fundamentals: 1. There are signs of escalation in the India-Pakistan conflict 2. The US-Houthi ceasefire agreement 3. The Fed's interest rate decision dominates this week's market 4. The international trade situation disturbs market sentiment 5. Market sentiment and capital flows 📊Technical aspects: The market came out in the Asian session. It stalled again later. We are used to seeing fluctuations of hundreds of points. A fluctuation of more than ten or twenty points a day is the same as no fluctuation. At present, the market is temporarily maintained in the range of 3400-3360, and there is not much fluctuation. At present, let's see where the market breaks through. If it retreats to around 3360, follow up with long orders. If it rebounds to around 3400, follow up with short orders.
OANDA:XAUUSDShort
by TP_Daniel5
XAUUSD: Price Mitigated Earlier, We Got Left Behind! Hey Everyone Happy Friday So, yesterday, we were expecting gold prices to dip down to around 3172. But guess what? It didn’t quite go as planned! The price took a nosedive from 3208 and is currently sitting at 3260, almost 520 pips move. It’s not always going to be a smooth ride, so let’s not get discouraged. We can focus on analysing this chart and keeping an eye on the price as it moves. Once the trade is activated, there are two targets you can set. You can choose your own take-profit based on your analysis and trade management. Good luck and trade safely! 😊 Thanks a bunch for your unwavering support! ❤️🚀 If you’re feeling generous, here are a few ways you can help us out: - Like our ideas - Comment on our ideas - Share our ideas Cheers, Team Setupsfx_ ❤️🚀
OANDA:XAUUSDLong
by Setupsfx_
14
#XAUUSD: Last Idea On Gold Has Helped Us Gain 1020+ pips Gold has reversed nicely from our last idea’s entry, making a nice 1020+ pips move. Now, we’re looking for the bullish trend to continue dominating the Gold market. If this happens, it could help us gain 1800+ pips. Please use accurate risk management while trading gold. Once the trade is active, you may consider putting take-profit based on your analysis. There are two targets to consider. Good luck and trade safely. Thanks for your support! 😊 If you want to help us out, here are a few things you can do: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
OANDA:XAUUSDLong
by Setupsfx_
14
XAU/USD:Short-term range tradingThe international geopolitical situation has suddenly escalated, triggering market risk aversion and pushing up the price of gold. Today's interest rate decision of the Federal Reserve and Powell's speech will dominate the trend of the bullish and bearish sides. During the Asian trading session, the price of gold has fluctuated sharply. Be wary of a significant pullback after a moderate rise. If the key resistance level of $3400 cannot be broken, the probability of a short-term peak will increase greatly. In terms of operation, avoid chasing high prices. Focus on the impact of the interest rate meeting on the real interest rate and the US dollar index. Buy on dips within the range of $3360-$3400 and sell at high levels to hedge risks. I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
FOREXCOM:XAUUSD
by H_C_12
Intraday adjustment ends, follow up with low and long positions!📌Fundamentals: 1. The conflict between India and Pakistan shows signs of escalation 2. US-Houthi ceasefire agreement 3. The Fed’s interest rate decision dominates this week’s market 4. International trade situation disturbs market sentiment 5. Market sentiment and capital flow 📊Technical aspects: Affected by the trade negotiations, gold reached a high of 3434 and came out of the 70 US dollar drop. It took advantage of the trend to follow up the short order and reached the target profit stop as scheduled! Then it fell back and went long again to reap profits. The daily line continued to close in the positive direction, and there was room for fallback and adjustment during the Asian session. However, the daily cycle did not support a sharp decline for the time being. The data during the day tended to be treated as shocks. Therefore, the bullish trend remained unchanged, and the support below was 3335. You can go long if it hits during the day. The short-term support is around 3360 and 3350. In terms of operation, it will continue to be low and long. When it stabilizes, it will go to 3410 or even near the high point. However, if the second test does not reach a new high, there may be a larger correction. 🎯Practical strategy: Gold is long around 3350-55, looking at 3376 and 3410! If it is strong, go long based on the support of 3365-60!
OANDA:XAUUSDLong
by TP_Daniel5
Breaking news is coming! How to trade XAUUSD/GOLD?XAUUSD/GOLD continued to fluctuate and rise in the New York market yesterday. It closed at around 3430, and today the Asian market opened at a high of 3438.75. For those who followed the buying yesterday, this profit is quite generous. The interest rate decision is about to be announced, how should we trade? Two key points need to be paid attention to, namely: the continued fermentation of geopolitics, and the Federal Reserve interest rate decision in the New York time period. The geopolitical fermentation has eased since the Asian market began, and there is no greater news to provide momentum for the rise, so there has been a sharp drop after the opening, and the lowest reached around 3359. The decline is about 80 US dollars/ounce. The subsequent shock rebounded slightly, and the current quotation is 3387. From the trend observation, there is still an opportunity to buy on the left side of the swing trading. The interest rate decision mentioned yesterday can be further divided into two results: unchanged interest rate and interest rate cut. The result of unchanged interest rate is that the US dollar index still maintains its value, and there is a suppression on XAUUSD/GOLD. At this time, we need to pay attention to which has a greater impact on geopolitics and the preservation of the US dollar index. The former is good for the rise of XAUUSD/GOLD. The latter has an impact on the decline of xauusd/gold. Secondly, the interest rate cut is good for xauusd/gold. If it is the latter, then it is better to do more at the same frequency. Therefore, the trading logic is still mainly based on low-level longs. Members with larger funds can choose to buy near the current price of 3392. Members with smaller funds can pay attention to buying opportunities below 3375. Pay attention to risk control when trading.
TVC:GOLDLong
by Band_analysis
Gold bides its time. Bulls are suppressed at high levels? Gold is waiting for the Fed's interest rate decision. analysis in Asian time period: Gold opened with a sharp drop due to international news, and continued to fluctuate at a high level in the 3360-3400 range predicted by Quaid. I predicted in the early Asian session that the price of gold would rise to around 3390 and then fall back to around 3370-3360. And its trend is just as Quaid predicted and analyzed, with a correction after the predicted high point. Now it seems that gold has fallen into a high-level fluctuation range after a sharp drop in the early Asian session, which is in line with my expectations. Quaid believes that the trend direction of the European session is very important. The current upward suppression range is between 3400-3415, and the downward support level is between 3360-3370; On the contrary, if the European session falls below the downward support range, it may continue to fall. But Quaid believes that the overall upward trend of gold prices has not changed. Gold prices are just accumulating strength now, and will continue to rise after the adjustment. Overall trend analysis: Quaid recommends that the long strategy is still the main one. If the support range of 3360-3370 can resist the downward trend, then we can still carry out the long strategy after the price falls back. Operation strategy: Long strategy: Go long when the price falls back to 3365, stop loss 3350, take profit range 3400-3415. Short strategy: Go short at 3395, stop loss 3405, take profit 3360.
OANDA:XAUUSD
by Quaid-1
1