Gold rebound is weak, full analysis of high-altitude strategiesTechnically, gold faces the test of whether the double top pattern can be established. The progress of the trade agreement may exceed expectations. In the short term, the gold price is disturbed by the trade news, but in the long term, geopolitical, debt and interest rate cuts still support the upward trend of gold prices. Gold stabilized and rebounded after hitting a low of 3207 during the European session, and further rose to a high of 3248 during the US session. However, the rebound momentum was relatively limited, and the current price maintained a volatile pattern within the 3220-3248 range. At present, 3250 has become a key resistance level. If it can effectively break through and stand firm, the gold price is expected to further test the 3270-3288 area. However, from the perspective of short-term momentum, it is still facing downward correction pressure in the late trading period. Technically, the upper resistance is concentrated in the 3248-3252 range, and the lower support is around 3225-3217. In terms of operation, it is recommended to mainly do long positions on callbacks, supplemented by rebounds from high altitudes.
Operation strategy 1: It is recommended to do more on the pullback in the 3225-3217 area, with a target of 10-15 points.
Operation strategy 2: It is recommended to short at the rebound area of 3245-3252, with the target at 10-15 points.
Futures market
Is the bull market over for gold?From a technical perspective, on the daily chart, the price of gold fell below the EMA20 moving average, the MACD bearish momentum expanded, and the downward trend was consolidated. On the 15-minute chart, the resistance level is in the range of $3280-3285. Two hours ago, the price of gold plummeted by more than $40 in 10 minutes. With the end of the tariff storm and the 10% base tariff imposed by both sides, the positive impact of the trade war on gold no longer exists, and the sharp drop in the price of gold is expected.
How to deal with the increased volatility of gold?From a technical perspective, the gold market has been greatly affected by market factors recently, and prices may fluctuate greatly. Although the gold price fell sharply on Monday, it did not fall below the previous low of $3,200/ounce, nor did it cause a significant opening of the lower track of the Bollinger Band. Therefore, it is believed that the gains and losses of the key support level of $3,200/ounce and the changes in the Bollinger Bands should be closely monitored in the near future. At the daily level, the upper suppression level of the gold price is in the range of $3,280-3,320/ounce. It is necessary to pay attention to the closing of the daily line on Tuesday and Wednesday. If there are continuous positive lines, it may indicate that the gold price has temporarily turned from weak to strong. At the 4-hour level, the trend of gold prices is slightly hesitant, and it may continue to fall or rebound. If it falls, it is necessary to pay attention to whether the unilateral moving average suppression level of $3,280/ounce is broken; if it does not break through this suppression level, the decline is a normal trend. If the gold price breaks through $3,280/ounce and stands above the 10-day moving average, and there are continuous positive lines, it may turn strong again in the 4-hour cycle.
The support level of 3220 USD/oz should be paid attention to for long orders. For the sake of stability, it is advisable to observe whether 3200 USD/oz is effectively broken before deciding whether to continue to go long. The gains and losses of 3280 USD/oz should be focused on. From the 30-minute chart of gold, it is currently reminded that today's market still has downward pressure and 3200 will serve as the neckline of the M head. Today's 3265-3270 is shorted, and the stop loss is 3278. The target below is 3240-3220. If it falls below, the 3220-3200 neckline support will be seen. If it falls below, the space below will open up and the market will start a band-like decline process.
Operation strategy:
Gold recommends shorting in the rebound 3265-3270 area, with a stop loss at 3278. In the short term, it is 3240-3220, and the target is 3220-3200.
Gold Bounces After Fake Break — More Upside AheadGold ( OANDA:XAUUSD ) fell to the Support zone($3,280-$3,240) as I posted yesterday ( Full Target) .
Gold started to rise again after making a Fake Break below the Support lines .
Gold is trading above the Resistance zone($3,330-$3,320) .
In terms of Elliott Wave theory , it seems that Bitcoin completed the main wave C with the help of the Ending Diagonal .
Educational note : The Ending Diagonal in Classic Technical Analysis is the Falling Wedge Pattern .
I expect Gold to resume its bullish trend, at least for the short term , and to at least $3,356 .
Note: If Gold breaks the Support lines with high volume, we can expect further declines.
Note: Worst Stop Loss(SL) = $3,031
Gold Analyze ( XAUUSD ), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GOLD Sell Setup Alert – High-Probability Trade Sell GOLD @ 3256
🎯 Targets:
TP 1 → 3248
TP 2 → 3240
TP 3 → 3220
🛑 Stop Loss: 3267
⚠️ Enter slowly in layers with proper risk and money management.
This setup is based on technical levels – stay disciplined and trade smart.
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Gold continues to short despite rebound!Gold opened low and moved lower today, and then rebounded near the previous low. Now, at the four-hour level, a downward trend channel is formed from 3500 to 3440. The current support of gold price is near 3164. This is the condition that it can fall below the previous low of 3200 before continuing to push down. The middle track is at the early high of 3292. At present, the gold price is running between the middle and lower tracks of the channel, so 3292 can be used as a medium-term long-short watershed. The main idea is still to be bearish and downward. Secondly, pay attention to 3252, which is also a defensive position on the way down. The 1-hour moving average of gold continues to cross the downward short position. There is still room for downward movement. The strength of the short position is still there. The US market rebounded twice and fell back under pressure near 3248. Then the US market continued to be under pressure at 3248. The high-altitude short position is basically in place. The short-term focus on the upper side is 3248-3252 resistance, and the short-term focus on the lower side is 3200-3160 support.
The volatile decline in gold is in line with expectations!Technical analysis of gold: After rising and falling, gold has a large downward space, from 3438 to the current 3360, up and down close to 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, after three consecutive positive lines on the daily line, there is a high probability of a wave of adjustment space, and the intensity of this adjustment will not be small, and it is possible that the big negative line swallows the positive line and goes directly 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-day 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, the Bollinger middle rail is not broken, and it may rise again to the high point of 3430. Therefore, gold has experienced a big rise and fall 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 does not break, we can continue to be bullish. The upper target is 3400, and if the strength is strong, we will look at 3430.
Overall, the short-term operation strategy for gold today is to rebound and short, supplemented by callbacks. The upper short-term focus is on the 3400-3405 line of resistance, and the lower short-term focus is on the 3350-3300 line of support.
Short order strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3397-3400, stop loss 6 points, target around 3360-3330, and look at the 3300 line if it breaks;
Long order strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3300-3305, stop loss 6 points, target around 3330-3350, and look at the 3370 line if it breaks;
Gold Sniper Zones - XAUUSD May 12 Monday🔍 Key Intraday Demand Zones (Potential Bounce Areas)
🔵 3220–3200
Current area of interest with short-term absorption signs
May serve as temporary reaccumulation base if bulls defend this area
Ideal zone for intraday reaction → confirmation required before acting
🔵 3180-3165
Strong historical reaction level
Previously held structure before rally
If price breaks below 3209, this is likely where buyers will re-enter aggressively
🔺 First Major Intraday Resistance Zones
🔴 3240–3255
First clean lower high zone
Recent bearish pressure originated here
Any bounce toward this area may face sharp rejection
🔴 3275 - 3290
Former structure base, now flipped
Watch for potential NY spike into this region → rejection likely without a confirmed breakout
🧠 Final Words:
Gold isn’t in freefall. It’s moving between precision zones that traders either recognize — or get wrecked by.
At this stage:
Below 3209 = bearish pressure likely continues toward 3170s
Above 3255 = watch for liquidity sweeps and false confidence
🎯 Stay with structure. Ignore the noise. Let the market earn your entries.
Drop a 🚀 Follow, comment, and share with your trading crew — if this helps your trading; let’s build a sharp Gold team
📌 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.
Gold (XAU/USD) – Daily Analysis🌐 Geopolitical Context
After a long standoff, the United States and China have finally reached a preliminary agreement on tariff reductions, easing one of the largest trade tensions in recent years. This move is likely to reduce market uncertainty, making risk-on assets more attractive than traditional safe havens like gold.
🗺 Market Structure Overview
On the daily chart, we clearly see a double top formation starting to take shape, likely triggered by today’s market reaction to the US-China trade news.
🔻 This structure typically indicates a potential market reversal or at least a strong retracement,
as sellers step in at a previously defined resistance.
📉 Key Technical Levels
Double Top Resistance – Currently forming around the $3,500 level, a clear psychological barrier for buyers.
Supply Zones – Multiple layers of overhead supply are visible, likely to cap any further upside.
BULL OTE – Potential deep retracement zone if the market pulls back aggressively, located around $3,000 - $3,100.
50% Retracement – Sitting near $3,200, this level could act as an intermediate support if selling pressure increases.
📊 Short-Term Outlook
For now, gold seems poised for a potential pullback, especially if the double top confirms with a clear rejection. However, the broader trend remains bullish unless the price breaks below the supply zones and the BULL OTE.
Gold (XAU/USD) Price Action Update – May 13, 2025📊 Gold (XAU/USD) Price Action Update – May 13, 2025
🔹Current Price: 3,255.18
🔹Timeframe: 15M
📌 Key Zones:
🔴 Supply: 3260–3262 (recent rejection visible)
🟢 Demand: 3235–3237 (aligned with 0.5–0.618 Fibonacci zone)
📉 Retracement Watch (Fibonacci Levels):
0.382 ➡️ 3243.65
0.5 ➡️ 3238.36
0.618 ➡️ 3233.07
These levels align closely with structural demand zones.
⚡️ Scenario 1 – Bullish Retest:
If price pulls back into 3235–3237 (0.5 fib) and shows bullish reaction on 5M/15M, a bounce back toward 3260+ is likely.
⚠️ Scenario 2 – Break Below 3233:
Closing below 3233 may invalidate the fib zone and target 3222 demand area again.
🔍 FXFOREVER Insight:
✅ Perfect confluence of fib + demand
✅ Watch price behavior around 3235
✅ Entry trigger: Bullish engulfing or FVG fill on lower TF
#XAUUSD #GoldAnalysis #FXFOREVER #PriceAction #FibRetracement #SmartMoneyZones #SupplyAndDemand #ScalpSetup #SniperEntry
U.S.-China tariff easing weighs on gold pricesThe US-China tariff negotiations have made positive progress, and the global capital market has become active. However, the safe-haven asset gold has been sold off sharply, with a single-day drop of more than $100 again. In the past two or three months, single-day fluctuations of hundreds of dollars have become the norm. The current price maintains a volatile pattern in the 3231-3248 range. At present, 3250 has become a key resistance level. If it can effectively break through and stand firm, the gold price is expected to further test the 3270-3288 area. However, from the perspective of short-term momentum, it is still under pressure to pull back in the late trading period. Technically, the upper resistance is concentrated in the 3248-3252 range, and the lower support is around 3215-3200. It is recommended to focus on long positions on pullbacks and supplement them with high positions on rebounds.
Gold (XAU/USD) – Bearish Flag Breakdown Setup Short OpportunityTechnical Overview: On the 1-hour chart, Gold is forming a clear bearish flag pattern, a continuation formation typically seen in downtrends. The flagpole represents strong bearish momentum, followed by a consolidation phase within a parallel channel – the flag itself. The price is currently near the upper boundary of this channel, suggesting a potential breakout to the downside is imminent.
Trade Setup:
Sell Entry: Around $3,256 (flag resistance zone)
Stop Loss: $3,282 (above flag resistance to protect against false breakout)
Take Profit: $3,196 (projected move equal to flagpole height)
Trend Analysis: The broader trend remains bearish, with lower highs and lower lows. Price is also trading below the Ichimoku Cloud, indicating continued downside pressure. Momentum indicators are aligning with bearish sentiment, and volume has decreased during the flag's formation, reinforcing the corrective nature of the flag.
Fundamental Insight : Gold continues to face pressure from a stronger USD and rising U.S. Treasury yields. Hawkish commentary from the Fed has dampened investor sentiment toward safe-haven assets like Gold. In addition, geopolitical tensions have not provided sufficient bullish momentum to break the current downtrend.
Summary: This setup offers a favorable risk-to-reward ratio, aligning both technical and fundamental confluence. Traders should watch for a breakout below the flag support for confirmation before entering the short position.
Support: If you found this helpful, like and follow for more trade ideas!
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Note: This is not financial advice. Please conduct your own research and manage risk accordingly.
Liberation, Altercation & Boom: US China Trade talks CME_MINI:ES1!
Pointing to our previously written blog post (Liberation, Altercation or Doom) on March 31st. A mix of all scenarios played out.
Global universal tariffs with reciprocal tariffs layered on top. It resulted in a huge sell-off on April 2nd.
After months of tit-for-tat tariffs and growing economic friction, the US and China have agreed to hit pause. In a joint statement that’s given markets some breathing room, both countries announced a 90-day suspension on a large portion of their punitive tariffs—an initial step toward dialing back tensions and restarting dialogue.
Key Tariff Measures from US-China Joint Statement (90-Day Pause)
US Tariff Reductions:
Tariffs on Chinese goods were reduced from 145% to 30% for a 90-day period.
24 percentage points suspended, leaving a 10% base tariff in place.
China Tariff Reductions:
Tariffs on US goods reduced from 125% to 10% for the same 90-day period.
China also suspends 24 percentage points of additional ad valorem duties.
Retains a 10% baseline tariff on US imports.
Non-Tariff Measures: China to suspend or remove all non-tariff countermeasures imposed since April 2.
Includes sanctions on certain US companies.
Lifts export controls on some critical minerals.
Timeline & Commitment:
Both parties agree to implement these actions by May 14.
Commitment to continue trade and economic talks through a new bilateral mechanism.
Talks may be held in alternating locations (US/China) or via third-party venues.
No Agreement On:
Currency policy.
E-commerce “de minimis” exemptions.
Sector-specific tariff frameworks.
Future Key Dates and Timeline:
May - Potential US semiconductor tariffs.
May/June - Potential US pharmaceutical tariffs.
July 8th - 90-day tariff lowering for "worst offenders" expires.
July 14th - US tariffs on Mexican agriculture goes into effect.
August 10th - US-China tariff relief expires.
Was this really mutual or just a game of chicken?
There’s an argument to be made that this is more of a tactical pause than a full reconciliation. With China’s GDP in purchasing power parity terms now surpassing that of the US, and its continued technological advancements across sectors like aerospace, semiconductors, and critical minerals, the balance of economic leverage is shifting. For investors, this isn’t just about tariffs—it’s about the evolving structure of global trade.
Geopolitical undercurrents continue to shape the backdrop. China’s strategic influence in regional security, technology supply chains, and commodity access adds another layer to its negotiating position. Recent developments—such as China's reassertion of dominance in strategic corridors and growing control over key mineral exports—suggest its economic posture is becoming more assertive. This, in turn, has implications for US firms dependent on Chinese inputs or facing retaliatory restrictions.
In short, the 90-day window presents a tactical opportunity, but the structural story remains complex. Investors would be wise to monitor not just tariff updates, but broader shifts in trade alliances, export controls, and supply chain vulnerabilities—especially in sectors like tech, energy, and defense-adjacent industries.
ES Futures:
ES Futures and risk on assets are positive across the board following this announcement.
Key Levels:
Key LVN/ Key LIS: 5861-5837.25
200 Day MA: 5872.99
0.786 Fib Retracement level: 5921.75
0.618 Fib Retracement level: 5688.75
pWkHi: 5741
mCVAL 2025: 5639.75
Expectations for the week ahead:
US CPI and Retail Sales data on the docket this week along with slew of FED speakers.
Scenario 1: Risk on
ES Futures get back above 200-day moving average clearing the key LVN resistance zone and our key LIS, head towards 0.786 Fib retracement level before pulling back and consolidating for the remainder of the week.
Example trade:
Entry: 5861
Stop: 5837
Target: 5921.75
Risk: 96 ticks
Reward: 243 ticks
Risk/Reward ratio: 2.5 R
Scenario 2: Further consolidation
Markets consolidate below the key LVN resistance zone and prior weekly high.
Example Trade:
Entry: 5837
Stop: 5861
Target: 5741
Risk: 96 ticks
Reward: 384 ticks
Risk/Reward ratio: 4 R
Glossary:
VA: Value Area
VPOC: Volume Point of Control
VAL: Value Area Low
C: Composite (used as a prefix: VA, VAL, VAH, VPOC, etc.)
mC: micro Composite (used as a prefix: mCVA, mCVAL, etc.)
LNV: Low Volume Node
LIS: Line in Sand
Important Notes:
These are example trade ideas not intended to be a recommendation to trade, and traders are encouraged to do their own analysis and preparation before entering any positions.
Stop losses are not guaranteed to trigger at specified levels, and actual losses may exceed predetermined stop levels.
Gold (XAU/USD) Rebound Imminent? Channel Support Holding StrongGold is currently respecting a well-defined ascending channel on the 4H timeframe. After a recent correction, price has bounced off the lower boundary of the channel near $3,200—signaling potential bullish continuation.
Key Observations:
Trend: Bullish structure intact with higher highs and higher lows.
Support Zone: Price reacted strongly to the lower channel line, showing buying interest.
Resistance Target: Next short-term resistance lies around $3,300–$3,320 (mid-channel), with a possible rally toward $3,400 if momentum holds.
Price Action: Bullish engulfing patterns starting to emerge near support.
Upcoming US Data: Watch for high-impact economic news on May 15–17, which could drive volatility.
My Bias:
If the channel support holds, I’m bullish on XAU/USD with a short-term target near $3,320 and extended target around $3,390–$3,400.
Confirmation Needed:
Strong bullish candle close above $3,260
RSI crossover or MACD histogram flipping positive (not shown here but useful to check)
Risk Management:
Entry: Above $3,260
SL: Below $3,200
TP1: $3,320
TP2: $3,390
What do you think? Will gold bounce or break the trend? Drop your thoughts below!
Gold Bounces from Demand Zone! Is a Rally to $3,414 Next?Demand Zone: Price bounced from a visible high-volume area (LuxAlgo Supply and Demand Range) marked in orange, indicating institutional buying interest.
Support Level: Holding above $3,223.028, the last significant swing low.
Bullish Targets:
First target: $3,321 – a key mid-range structure.
Second target: $3,414 – upper supply zone where price has reversed previously.
Volume Profile: Notice the thin volume between $3,230–$3,320, meaning less resistance for bulls in the short term.
Candle Behavior: Strong wick rejection signals buyer aggression at support.
Catalysts to Watch:
Upcoming US CPI and PPI data this week.
Dollar Index (DXY) rally – if it cools off, gold could surge.
Geopolitical tensions and inflation hedging may also drive demand.
Trade Idea (Not Financial Advice):
Entry: Current bounce or wait for break of $3,235
SL: Below $3,218 (invalidates demand zone)
TP1: $3,321
TP2: $3,414
Conclusion:
Gold might be setting up for a clean bullish move. Reclaiming $3,321 would be a key confirmation. Will bulls step in strong this week?
Let’s hear your thoughts in the comments! Are you buying this dip or waiting for confirmation?
S&P 500 – iSpark Catches Clean Breakout from 5330 to 5700📢 The iSpark Indicator caught a strong breakout on the S&P 500 Index (4H chart) around the 5330 level , which was followed by a sequence of bullish moves — now reaching the 5700 mark.
🔍 Currently, price is testing the 10 EMA at 5710 , which is acting as a short-term resistance . A clear break and sustained move above 5710 could trigger the next leg higher toward 5750–5775 .
🎯 Holding positions? Stay in with a stop-loss at 5600 to manage risk.
📉 Fundamental caution: As always, keep an eye on macro headlines — unexpected global turmoil or sharp trade commentary (e.g., tariffs) may influence momentum
💡 This entire setup was captured early using the iSpark Indicator , designed to detect high-conviction breakouts across timeframes.
📬 Premium users interested in testing the iSpark Indicator can DM me for a hands-on walkthrough.
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The price has a strong bearish momentum, could it drop further?WTI Oil (XTI/USD) is rising towards the pivot, which acts as an overlap resistance and could reverse to the 1st support, which is a pullback support.
Pivot: 65.43
1st Support: 55.63
1st Resistance: 71.37
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Markets turn their attention to US CPISafe-haven OANDA:XAUUSD fell nearly 3% on Monday (May 12) and continued to decline slightly in early trading on Tuesday (May 13), mainly due to the easing of market risk sentiment after the United States and China announced a temporary “ceasefire” in their trade war.
According to a joint statement released by the United States and China on Monday, the United States will reduce the tariffs imposed on Chinese goods in April this year from 145% to 30%, and China will reduce the tariffs imposed on American goods from 125% to 10%. The new measures will take effect in 90 days.
Gold prices fell more than 3% on Monday as risk sentiment improved after the US and China agreed to roll back tariffs for 90 days during talks over the weekend. This sent the US dollar soaring to its highest level in more than a month and global stocks rebounding strongly after the US and China reached an interim tariff deal. Meanwhile, gold sold off sharply as market sentiment began to shift back to risk assets, making the yellow metal less attractive.
China and the United States announced in Geneva, Switzerland, that they have reached an important economic and trade agreement. Both sides will also further reduce tariffs on each other's goods, with the total reduction exceeding 100%. The breakthrough marks a major turning point in the years-long tariff war between China and the United States. After implementing the measures, the two sides will establish a mechanism to continue negotiations on economic and trade relations, Xinhua News Agency reported.
Investors' attention turns to the US Consumer Price Index (CPI) report due out on Tuesday for a gauge of the Federal Reserve's policy direction. Other key US data this week include the Producer Price Index (PPI) and retail sales. Economists expect the US CPI to have risen by 2.4% year-on-year in April. Excluding volatile items, the core CPI growth rate is expected to have been unchanged at 2.8% year-on-year.
While the underlying market is under pressure from positive factors from trade to geopolitics, we (individual investors in the short term) still need to pay special attention to the erratic behavior of Do Nam Trung. A status line that brings tariff risks will push gold to increase strongly again.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, a drop below the 0.50% Fibonacci retracement level would be a bullish signal for further downside with a target of around $3,163 in the short term, which is where the 0.618% Fibonacci retracement level is located.
In terms of momentum, gold is showing bearish signals as the RSI falls below 50 and the next target is the overbought zone, with the current RSI position, gold still has a lot of room to fall.
The most important condition for gold to be able to be assessed to increase in price again is that it needs to bring the price activity above the base price of 3,300 USD, then the target could be 3,371 USD. Otherwise, with the current market position and context, the short-term downtrend is dominant.
During the day, the possibility of a decline in gold prices will be noticed by the following technical positions.
Support: 3,228 - 3,200 - 3,163 USD
Resistance: 3,245 - 3,267 - 3,292 USD
SELL XAUUSD PRICE 3283 - 3281⚡️
↠↠ Stop Loss 3287
→Take Profit 1 3275
↨
→Take Profit 2 3369
BUY XAUUSD PRICE 3220 - 3222⚡️
↠↠ Stop Loss 3216
→Take Profit 1 3228
↨
→Take Profit 2 3234
Gold 100% Profit SignalWith the sharp drop on Monday, gold will not be as strong as before, but don't forget that the overall gold price is still bullish. It is currently an adjustment under the big cycle, which I have always emphasized. It opened lower on Monday, and this situation has definitely weakened. The market outlook needs to observe whether it will continue. Today, the market is looking for support near 3200, but it can also turn strong at any time under the current market conditions. After all, the big cycle is still bullish. After waiting for the small cycle adjustment to end, it is likely to return to the bullish trend. From the short-term, it has now rebounded to around 3240 near the 3200 mark for rectification. The upper short-term pressure is near 3300 and 3260. If it does not break this position, it will first fluctuate downward. Once it stands firmly above this position, the market outlook can still see 3350-3400. In short-term operations, first use 3260 as a stop loss and short at highs below. First look at this wave of callback profits, and then look at the support of the previous low point of 3200 below. If it breaks, we expect the downward trend to continue. If it doesn't break, we will go long on the reverse. Then, based on the support situation at 3200, we will choose the opportunity to go long and arrange a long-term bullish plan.
For short-term gold trading, you can do short-term shorts below 790, and the support below is around 760. Then consider going long. Rongtong Gold and Accumulated Gold are long-term products. From a long-term perspective, they are still rising. Let's wait for this wave of decline to complete the bottoming. Currently, it is still fluctuating in the range, with support below at 750 and pressure above at 790 and 810. So you can consider entering the market in batches at 750-770. If you have long orders, just continue to hold them. In the future, we will look at 800 or above when the market rises.
Gold operation, rebound short selling is still the main themeThe gold Asian market has no rebound power, and keeps oscillating and falling. The highest rebound is 3292 and the line is suppressed, and the lowest is 3259. The rebound is still dominant, so we can just rebound and go short. Today's opening is still difficult to fill the gap. Don't hold out hope. Just keep shorting on the rebound.After all, the international situation is a comprehensive ceasefire between India and Pakistan, and the 30-day ceasefire talks between Russia and Ukraine are mainly negative for gold. Coupled with the technical shorts, it is reasonable for gold to jump short. Today we will treat gold with a rebound and shorting. The top will focus on the suppression of the 3277-91 line. In operation, the rebound and shorting will be the main focus. Be a stable trader. I have been here. If your current gold operation is not ideal, I hope I can help your investment avoid detours. Welcome to come and communicate!
Judging from the current gold trend, today's upper resistance is focused on the 3287-93 line, and strong resistance is suppressed near the 3300 mark. This position is also the watershed of short-term strength and weakness of bulls and bears today. Before the daily level breaks through and stands at this position, the main short rhythm of the pullback will continue to remain unchanged.
Gold operation strategy:
Short gold at 3287-93 when it rebounds, stop loss at 3303, target at 3240-3245, continue to hold if it breaks;
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The alleviation of trade concerns has boosted the demand outlook for crude oil. Moreover, Iran is expected to reduce production in June. In the short term, the price of crude oil is likely to maintain a volatile and slightly strong trend. It is necessary to continuously pay attention to the changes in global trade sentiment and the actual progress of the Iran nuclear negotiations. In terms of today's trading of crude oil, it is recommended to mainly go long on pullbacks. Pay attention to the resistance level of 64.0-64.5, and the short-term support level of 61.0-60.5 below.
Trading Strategy:
buy@61-61.5
TP:63-64
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XAU / USD 4 Hour Chart$3226.00 is the area to watch. I am watching the 4 hour and I peek at the 1 hour.. I need to see a break and close above and if a retest is successful, I would try to catch it from there. I am not trying to force or rush a trade. I can also see gold pushing down over the next few weeks to my area of inters marked on the chart. Patience is key. Big G gets all my thanks. Happy Monday.