XAUUSDMGC1!GC1! Tariff concerns and inflation have once again triggered significant volatility in gold. After yesterday’s price surge following news announcements, today’s market opened with continued bullish momentum, reaching around 3170.
For traders who managed to keep up with the market rhythm, this was a golden opportunity—but for those caught on the wrong side, it was a disaster. The persistent price rally has put short sellers under significant pressure. While I hope most of you are in long positions, I also understand that’s not always the case. For those stuck in short trades, the key now is to minimize losses or even turn the situation into a profit.
Based on the current price structure, I expect a high-level pullback. If your short position isn't causing serious damage to your account, holding on could be a viable strategy.
The expected trading range includes a high point at 3166-3178 and a low point at 3138-3123. Additionally, several key technical levels need to be monitored for potential reversals.
Trading Recommendations: 📌 Main Trades:
Sell in the 3166-3182 range
Buy in the 3136-3121 range
📌 Short-Term Scalping:
Be flexible in the 3147-3158 range
Manage your risk carefully and adjust your trades based on market movements! 🚀
XAUUSDGOLDGC1! Affected by tariffs and inflation news, gold fluctuated sharply before the market closed. The market was in a situation of double kills for both long and short positions, and the sentiment was still fermenting. At present, the bulls also took this opportunity to successfully break through the resistance, and the price returned to above 3140 again. From the perspective of the pattern, there is still room for growth in the short term.
Before the US market, you can look for trading opportunities in the 3158-3123 range. The unemployment benefit data will be released during the US market, and the data is expected to be bearish for gold. Therefore, within 30 minutes before the data is released, if you hold a long order, please be cautious. At that time, I will also send you the latest trading plan based on the market situation.
If you are currently in trouble and need help, you can leave me a message.
XAUUSDGC1! Gold fluctuates violently every minute, with an amplitude of 20-30$ per minute. This is why we remind everyone to close their positions before Trump's speech, because once you have a fluke mentality, your account may not be able to withstand the violent fluctuations and be liquidated. Now the 3105-3135 range has been punctured, but the direction is still unclear. Maybe it will be clearer tomorrow.
XAUUSDGC1! There is indeed strong resistance near 3135. The gold price has failed to break through this line many times. We sold here just now and have now taken profits.
XAUUSDGC1!GOLD So far, gold has continued to fluctuate in the 3110-3136 range. Although the candle chart has many long lower shadows, the high point is moving down. If this trend is not broken, the probability of falling below 3100 today is very high, so when trading, everyone must be cautious. Personally, I suggest selling as the main method.
XAUUSDGC1! ADP data will be released in 10 minutes. If the data fails to break through the shock range after the release, we can continue to buy low and sell high within the range. If it breaks through, we will re-evaluate the trading direction according to the breakthrough situation.