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Maintain Downtrend - Waiting for US-China Trade Negotiations🔔🔔🔔 Gold news: ➡️Gold prices declined for a third consecutive day on Friday amid a combination of bearish factors. Optimism surrounding the US-UK trade deal and upcoming US-China negotiations weakened demand for safe-haven assets. Meanwhile, the Federal Reserve’s hawkish pause boosted the US Dollar to its highest level in weeks, adding further pressure on the XAU/USD pair. Personal opinion: ➡️ Gold prices show a more gradual correction after breaking down the over-weighted price zones, and will continue to maintain this selling pressure in the short term. and wait for the market’s reaction tomorrow to the US-China trade talks ➡️Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Personal plan: 🔆Price Zone Setup: 👉Sell Gold 3324 - 3327 ❌SL: 3331 | ✅TP: 3320 -3315- 3310 👉Sell Gold 3223 - 3226 ❌SL: 3219 | ✅TP: 3230 -3235- 3240 FM wishes you a successful trading day 💰💰💰
OANDA:XAUUSDShort
by FM-ForexMastermind
1
Gold Drops to Support – Bullish Structure Still Intact (For Now)Gold fell nearly 2.5%, retesting its rising trendline and the 50-day SMA near $3,180 after failing to hold above $3,400: 📉 RSI dipped to 49, showing fading momentum but not yet oversold 📊 MACD is crossing lower, suggesting weakening bullish pressure 🟦 Key support: Rising trendline and 50-day SMA near $3,180 Further downside could target $3,050 📈 Bulls want to see a strong bounce from this area to maintain the uptrend structure. A daily close below $3,180 would shift near-term bias neutral to bearish. -MW
FOREXCOM:XAUUSD
by FOREXcom
Gold plunges on tariff talks!Gold opened sharply lower, so we should pay attention to the gap filling. It fluctuated sideways at a low level, and the upper pressure was 3290-3292. According to the previous operation rhythm, if the European session rebounded to fill the gap, we should rely on the 3320-3325 pressure to go short, which is a volatile market. If the European session did not fill the gap, but was suppressed below 3292 and fell, then the rebound could be shorted for the second time. If the European session broke the low and fell and weakened, we can continue to be short, and the support below is 3222-3200.
FOREXCOM:XAUUSDShort
by BlairClara
XAUUSD New York market trading strategy.The Russian-Ukrainian war sentiment has once again ignited the market's risk aversion sentiment. After the New York market opened, the US stock market opened higher, causing XAUUSD to fall to around 3200 and then rebound. After the New York market opened, XAUUSD continued to rise to 3248. After the weekend news continued to be digested in the Asian market and the London market, the New York market once again boosted XAUUSD due to geopolitical news. At present, we are paying attention to whether the position of 3255-3272 can be effectively broken through and stabilized. If it cannot continue to sell at a high level.
TVC:GOLDLong
by Band_analysis
XAUUSD is moving within the 3,195.00 - 3,495.00 range👀 Possible scenario: Gold (XAU) fell over 1% on May 12, dropping below $3,280 to a one-week low as demand for safe-haven assets weakened. Optimism around U.S.-China trade talks grew after positive weekend discussions, with Beijing ready to begin formal negotiations and the U.S. highlighting progress toward a deal. With little on the macro calendar on May 12, traders are focused on trade developments that could continue to pressure gold prices. ✅Support and Resistance Levels Support level is now located at 3,195.00 . Now, the resistance level is located at 3,495,00
FOREXCOM:XAUUSD
by MaxOnMarkets
XAUUSD Breakout Play – Retest of 3234 Holding for a Push Toward XAUUSD skyrocketed past the 3234 resistance mark confirming further bullish continuation. Evidently this breakout past 3234 shows that short to mid term bears have reversed into bulls. Coupled with aggressive bullish pressure, the need to retest gaps created during previous price drops becomes highly probable arise. preco The classic scenario of retesting broken resistance occurs. The price is now testing the 3234 region which used to serve as resistance and is now attempting to work as support. Confirmation that the bullish sentiments slated for 3255 will push up prices further deploying standards for gap fill algorithms. 🟢 Target Zones: TP1: 3255 TP2: 3268–3270 (based On Previous Structure Supply) Bullish continuation while price remains between 3234 and 3268 is believed to be more attainable. TEC: Sell Entry (on retest) First Trigger Point: Marked Higher 3128 Stake your claim under 3227. 📈 Bias: Aggresively pro bulls based on price action Long built up pressure and traditional supply demand denoted by previous resistance is primed for breakout. 🗣️ Caption (for post body): “Price action above 3240 strengthens the bullish thesis, but retest validation is necessary to confirm a long entry order.” SL under 3229 keeps the trade clean. Setup in progress... 📈
OANDA:XAUUSDLong
by TradesThug
Gold plunged. Will it rebound?Market Summary: Gold prices suddenly saw a new round of selling in Asian markets on Monday, and the price of gold just fell to $3,210/ounce, reaching today's low, a drop of nearly $110. Gold prices weakened at the beginning of the new week as the latest optimism about the US-China trade agreement continued to weaken demand for traditional safe-haven assets. At the same time, positive signals from the US-China negotiations eased market concerns about a US recession. This, coupled with the Fed's hawkish comments, helped the dollar stabilize near multi-week highs and put pressure on gold. The gold price trend seems quite fragile. Gold prices fell and broke below the main bullish trend line in the short term, which sent a bearish signal, indicating that the trend may change. I think the US-China trade agreement will have an impact on gold prices for a period of time. Technical Analysis: Gold's 4-hour level oscillation downward trend is relatively obvious, and the shape is a step downward. After the gold gapped down, there was a large gap. The gold rebound was unable to continue to fall. It is not easy to cover it in the short term. It will be covered in the process of the market. On the whole, for the short-term operation of gold today, Quide suggested that the rebound should be shorted as the main strategy, and the retracement should be long as the auxiliary strategy. The short-term trading should focus on the upward resistance of 3240-3250 US dollars, and the downward resistance should focus on the support position of 3200-3190 US dollars. Today's operation strategy: Operation strategy 1: Short the price when it rebounds to around 3245 US dollars, stop loss at 3260 US dollars, and take profit near 3210. Operation strategy 2: Long the price when it falls back to 3210 US dollars, stop loss at 3200 US dollars, and take profit near 3240.
OANDA:XAUUSDShort
by Quaid-1
Gold Approaches Critical Resistance Level: Bullish Outlook Ahead Current Price: $3277.40 Direction: LONG Targets: - T1 = $3362.00 - T2 = $3429.00 Stop Levels: - S1 = $3234.00 - S2 = $3178.00 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in Gold. **Key Insights:** Gold is entering an important consolidation phase, with mixed sentiment emerging from macroeconomic conditions. Geopolitical uncertainties and inflationary pressures are driving its safe-haven appeal, while the potential for rate adjustments by major economies adds to its bullish prospects. If gold breaches its key resistance levels, it could attract significant speculative buying, pushing prices higher. Meanwhile, minor pullbacks should not be ruled out, but overall resilience suggests an upward bias. **Recent Performance:** Gold has demonstrated strength in recent weeks, currently trading near $3277.40 after holding firm amidst fluctuating equity and bond markets. Safe-haven demand has largely supported its price action, with previous rallies garnering momentum from risk-off market stances. However, consolidation in a tight range suggests traders are evaluating risk factors before taking significant positions. **Expert Analysis:** Market analysts point out that geopolitical tensions, such as the ongoing U.S.-China trade disputes, alongside Federal Reserve policy discussions, are likely to impact gold's trajectory. Expectations for softer monetary policies globally also favor gold, as does increased interest in gold-backed financial assets. On the flip side, U.S. Dollar strength remains a temporary headwind, suppressing gold's immediate upside. **News Impact:** Recent headlines around potential gold-backed Treasury securities and inflation risks have reinvigorated gold's potential as a hedge against uncertainty. Escalations in geopolitical events or further dovish commentary from central banks could amplify this momentum. Traders should closely monitor these developments, as gold's sensitivity to macroeconomic news often dictates sharp moves. **Trading Recommendation:** Based on current market dynamics, traders should consider a bullish position in gold. The safe-haven narrative and technical resilience present a high-probability setup, with clearly defined targets and stops to manage risk. As gold approaches critical resistance levels, this setup favors upside potential over the next few trading sessions.
COMEX:GC1!Long
by CrowdWisdomTrading
Gold Selloff Continues as US–China 90-Day Deal Adds PressureGold did not respond well to the new 90-day deal between China and the U.S. On top of the India–Pakistan ceasefire, starting Ukraine–Russia ceasefire negotiations, Hamas–U.S. talks, and nuclear discussions with Iran, several developments are reducing global risk and weakening safe haven demand. Many fundamental factors are starting to turn against gold. One of the key signs is the heavy profit-taking seen in the "managed money" positions in the COT report in the last several weeks. These developments are now starting to show in the price action. The "weak double top" pattern, which is one of gold’s go-to reversal signals at major tops, gave the first warning. Since then, local support levels have been falling one by one. Gold is now testing the 3,200 level, which is expected to act as support. However, if this level breaks, the next target could be in the 3,145–3,170 range. The main medium-term target for a deeper correction remains around 3,000. For any strong upward reaction, bulls should watch the 3,270–3,290 zone. If gold bounces from 3,200, this area could offer strong resistance and potentially cap further upside.
OANDA:XAUUSD
by ftdsystem
Gold falls after FED news, cautious buying powerWorld gold prices retreated to $3,370/ounce, down more than $25 from last night's peak. The H4 chart shows a sharp decline that broke through the EMA34, currently testing the EMA89 - a signal that profit-taking pressure is increasing after the previous strong bounce. The FED kept interest rates unchanged in the 4.25% - 4.5% range, as expected. However, Chairman Jerome Powell's "wait and see" statement made investors pause buying gold due to concerns that prolonged high interest rates will continue to put pressure on non-yielding assets like gold. In addition, the rise in international stocks and China's money pumping policy have reduced the attractiveness of this safe haven.
OANDA:XAUUSD
by vandogeve
Gold prices are under downward pressure and short-term fluctuatiAt the 4-hour level, the current oscillating downward trend is more obvious, with a step-down pattern. MA5 and MA10 are glued together and cross 66ma. MACD crosses and the green column increases in volume. The overall idea of ​​falling back is maintained. The 1-hour moving average is still a short position arrangement with a cross downward. After the gold gap opens low, there is a large gap. The gold rebound is unable to continue to fall. It is not easy to cover it in the short term. It will be covered in the process of roundabouts in the market. Today's short-term operation is mainly rebound shorting, supplemented by low longs. Pay attention to 3300 and 3320 resistances on the top to participate in high altitude. Pay attention to the morning low point 3260-3245 support above.
OANDA:XAUUSDShort
by JoshuaEmmie