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XAUUSD Gold Short: Premium Tap Into OB + Reversal Loading XAUUSD (30-Min) | Premium Rejection + Order Block + Fib Stack for Intraday Short This GOLD setup is a surgical-grade short play — combining institutional Order Block, Fibonacci Premium Levels, and liquidity rejection for a high RRR sniper entry. 🔍 Smart Money Setup Breakdown: 🔴 Bearish Order Block Zone (OB) Strong bearish engulfing forms OB between 3,312.949 and 3,319.292 Price is currently reacting off 70.5% – 79% Fib zone — a premium region Bears defending aggressively as price fails to break above 📐 Fibonacci Confluence Fib drawn from recent swing high to swing low Price retraced cleanly into 70.5% – 100% range Current rejection forming just under 79% Fib at 3,312.949 OB + Fib = sniper confluence 📉 Bearish Reversal Behavior Candle structure shows bullish exhaustion Wicks into premium followed by strong rejections Upcoming bearish candle could confirm shift in momentum 🎯 Target Zones Based on Fib Extensions 50%: 3,306.000 0% (Full move): 3,293.500 Extended TP: 3,288.000 for deeper draw 🧠 Chart Ninja Entry Plan: 🔹 Entry Zone 3,311.510 – 3,312.949 (OB + Premium zone) 🔻 SL Above 3,319.292 (above 100% + OB high) 📉 TP 1 3,306.000 (mid move) 📉 TP 2 3,293.500 (measured move) ⚖️ RRR Estimated 1:4+ depending on execution precision 🧠 Chart Ninja Wisdom: "Gold respects the money, not the noise. If you know where Smart Money hides, you’ll always catch the move before the herd even blinks." 🥷✨ 🔁 Bonus Insight: You can clearly see the liquidity engineered below 3,308 and resting near 3,293.5. Price may wick these areas fast, so set alerts or stagger TPs if you’re managing this intraday. 🚨 Chart this setup and watch for the breakdown confirmation 💬 What’s your SL placement for this? Drop it in the comments
OANDA:XAUUSDShort
by ChartNinjas88
live trade and break down 5k profits, 3500 targetGold price sticks to positive bias as sustained safe-haven buying offsets modest USD strength Gold price sticks to its bullish tone for the third consecutive day on Friday and trades close to its highest level since April 22 through the first half of the European session. Against the backdrop of trade-related uncertainties, a further escalation of geopolitical tensions in the Middle East tempers investors' appetite for riskier assets.
PEPPERSTONE:XAUUSDLong
by THEPROTRADERZA
Gold (XAUUSD) Technical Breakdown : Structure Shifting + Target📍 Overview: Gold (XAUUSD) has been displaying a classic technical development that traders need to pay close attention to. What initially looked like a smooth parabolic rally has now transitioned into a clear structure shift, as evidenced by the breakdown of a rounded support curve and rejection from a major resistance zone. The market is signaling a bearish retracement or even a deeper correction, and this setup offers potential trading opportunities both for short-term scalpers and swing traders. 📊 Chart Breakdown: 🔸 1. The Rounded Support Curve (Black Mind Curve): The curve outlines a strong upward acceleration phase starting from the June 9 low. This curve often acts like a dynamic support — similar to a parabolic trendline. As long as price stays above it, the momentum remains intact. In this case, Gold broke below the curve, which is a sign of exhaustion and potential bearish control. 🔸 2. Major Resistance Zone (~$3,417 – $3,427): This level has acted as a ceiling multiple times in the past, visible in earlier highs from June 5 and 6. Upon re-approaching this zone, price showed aggressive wicks to the upside followed by strong bearish candles — signaling institutional selling and profit-taking. This triple rejection reinforced the resistance’s significance. 🔸 3. Structure Mapping and Transition: After the breakdown, we observed a clean market structure shift: the formation of lower highs and lower lows, a key sign of bearish trend development. The current price action is flowing downward in an organized pattern, suggesting further downside unless a strong reversal or bullish engulfing setup occurs. 🔸 4. Next Reversal Zone (~$3,360): This area is identified as a high-probability support zone based on: Past price reaction. Previous accumulation zone from June 10–11. Psychological round number proximity (e.g., $3,350 – $3,360). Traders should monitor this level for potential reversal setups such as bullish engulfing candles, pin bars, or RSI divergence. 🧠 Market Psychology: This pattern reflects a classic distribution phase at resistance after an emotionally driven uptrend: Retail traders jump in late as the price approaches highs. Institutions begin distributing (selling into strength). Support breaks down as retail stops get triggered. Price drops into a demand zone where accumulation may begin again. Understanding this psychological cycle helps traders align with the smart money rather than chasing price action blindly. 🛠️ Potential Trading Plans: ✅ Scenario 1: Bearish Continuation Wait for a retest of the broken structure (~$3,390 – $3,400). Look for rejection patterns (e.g., bearish engulfing, shooting star). Entry: ~$3,395–$3,400 | Target: ~$3,360 | SL: Above $3,420. ✅ Scenario 2: Bullish Reversal from Support Monitor price action around $3,360 zone. Look for bullish structure forming: higher lows, reversal candles, divergence. Entry: On confirmation (e.g., bullish pin bar on 1H or 4H). Target: Back to structure at ~$3,400–$3,410. ⚠️ Risk Considerations: Avoid entering in the middle of the range. Use proper stop-loss positioning to manage volatility. Keep an eye on macro catalysts like: US inflation reports Fed commentary or interest rate decisions Geopolitical tensions that can spike gold 🧭 Summary: The market is unfolding a textbook technical setup: Resistance rejection Rounded support breakdown Bearish structure Approaching a high-probability support zone Patience is key — let price come to your level. Watch the $3,360 zone for potential reversal, and use structure to guide entries and exits. 📌 Final Note: This analysis is part of the MMC Methodology (Market Mapping Cycle), which focuses on identifying macro structure, confirming micro structure, and mapping turning points with precision. Let the market reveal itself. Don't chase — plan and execute with clarity.
FX:XAUUSDShort
by GoldMasterTrades
XAUUSD: Analysis June 12XAUUSD is trading within a short-term rising channel. The market structure remains slightly bullish, with continuous corrections to support zones and then rebounds. The RSI and MACD indicators have not entered the overbought zone, indicating that there is still room for growth if important support zones are held. Buy Zone: 1. 3346 – 3350: If the price does not go deep, this is the "retest MA/trendline" zone in the uptrend channel. You can Buy when there is a clear price reaction in this zone. 2. 3330 – 3325: This is a very clear H1 technical support zone. Price may retrace here before bouncing back. Sell Zone: 3385 - 3390: This is a strong resistance zone on the H1 chart, coinciding with the “Order Block” zone of the sellers. The price may touch and react strongly if there is no breakout momentum.
OANDA:XAUUSDLong
by Stone_Haven
1
Wyckoff Accumulation and Bullish Setup on Gold (XAU/USD) – 2H Ti🔍 Analysis Overview: We’re currently observing a textbook Wyckoff Accumulation on the 2H chart of Gold (XAU/USD), followed by a Sign of Strength (SOS) and a potential Last Point of Support (LPS) which confirms bullish intent by Smart Money. --- 📈 Key Levels: Spring: Confirmed at 3295.994 (June 9, 06:30) — strong liquidity sweep followed by immediate reversal. LPS: Forming in the current consolidation above broken structure (around 3350–3370 zone). Target: 3400.501, aligning with previous structural high and potential resistance. Projected Move: ~3.17% upside in approx. 3.5 days. --- 📊 Wyckoff Logic in Play: 1. Phase C (Spring): Shakeout below previous support grabs liquidity. 2. Phase D (SOS): Sharp bullish impulse with wide candles and increased momentum. 3. LPS: Price revisits broken resistance as support, showing compression and tight consolidation — a classic entry zone for Smart Money. 4. Phase E: Expected bullish continuation toward 3400+ as demand outweighs supply. --- 🔧 Strategy: Entry Zone: Between 3360–3370 during current LPS phase. Stop Loss: Below recent LPS structure ~3346. Target: 3400–3415 zone short-term. Risk/Reward: Favorable setup backed by structure, volume behavior (Heikin Ashi), and Wyckoff sequence. --- 🧠 Final Thoughts: If price respects this bullish structure, we are likely transitioning from accumulation into a sustainable uptrend. Watch for volume confirmation and breakout strength on approach to 3400. --- 📌 Note: Always manage your risk and consider macro factors (US CPI, Fed decisions) influencing gold this week.
OANDA:XAUUSDLong
by mmozafari1357
Gold Intraday Market Snapshot & Context for 11, June 2025Current Price: Around $3,340 per ounce Daily Range: ~$3,302 to ~$3,349 Key Drivers: Ongoing U.S.–China trade talks in London creating near-term uncertainty Technical resistance near EMA 50 (~$3,338–$3,342) 🔍 Comprehensive Technical Breakdown Supply & Demand Zones Resistance: $3,338–$3,350 (EMA 50 alignments) Support: $3,310–$3,303 (ML, intraday pivot support) and deeper demand at $3,280–$3,262 Moving Averages Price is currently below EMA 50 (≈$3,338) and below SMA/EMA 20/100/200, reflecting soft momentum Oscillators RSI ~46: neutral‑leaning bearish. MACD positive but flattening. Stochastics and Williams %R neutral–mixed Price Action & Candles Recent price attempts to break above EMA50 were rejected Suggests short-term bearish pressure, but still within an overall bullish daily trend . 🎯 Four Intraday Trading Setups 1. Bullish Breakout ↗ Entry: 1‑hr candle close above $3,342–$3,345 (break above EMA50 + supply zone). Stop Loss: ~$3,336 (below breakout candle). Take Profits: TP1 = $3,360 (next supply), TP2 = $3,380. Confluences: Break of EMA50 (50-EMA rejects) + volume momentum. MACD building above zero and RSI rising. Trigger: Momentum candle with volume, confirmed close above entry zone. 2. Bearish Rejection ↘ Entry: Short if gold tests $3,342–$3,345 and forms a reversal candle (bearish engulfing, pin bar). Stop Loss: $3,352 (just above high). Take Profits: TP1 = $3,322, TP2 = $3,310 (Fibonacci and demand flip). Confluences: Resistance at EMA50/supply zone + oscillator failure (RSI flattening). Candlestick rejection pattern. Trigger: Clear bearish reversal candle off resistance. 3. Bearish Breakdown ↘ Entry: On break and 1‑hr close below $3,303 (mid‑intraday support). Stop Loss: $3,310 (above breakdown level). Take Profits: TP1 = $3,280, TP2 = $3,262 (deeper demand zone) Confluences: Support zone break, momentum confirmation, bearish MACD crossover. Elliott wave confirms downward corrective extension. Trigger: Hourly close below support followed by follow-through. 4. Bullish Bounce ↗ Entry: On a strong bullish candle near $3,303–$3,310 support zone. Stop Loss: $3,298 (below support). Take Profits: TP1 = $3,326 (mid-range), TP2 = $3,342 (EMA50). Confluences: Demand zone bounce, oversold indications (stochastic bounce), trendline support. Lower timeframe pattern (double bottom, morning star). Trigger: Bullish rejection candle with size and strength. ⚠️ Risk & Market Notes Volatility essentials: Events like US CPI and trade-talk updates may trigger sharp moves. Trade confirmation: Stick to your trigger rules; intraday moves can be whipsawing. Risk management: Use appropriate position sizes and consider potential slippage.
OANDA:XAUUSD
by Tami512
After the Pullback, Gold May Head Toward the 3500 Mark📊 Market Overview: Gold surged to 3444 during the Asian session on rising expectations of an early Fed rate cut after softer-than-expected US CPI data. However, profit-taking pushed prices back to the 3425 zone. 📉 Technical Analysis: • Key Resistance: 3444 • Nearest Support: 3403 – 3406 • EMA 9: Price remains above EMA 9 → trend is still bullish. • Momentum & RSI: RSI has cooled off from near-overbought territory (~70), suggesting a short-term pullback may occur. 📌 Outlook: Gold may correct slightly toward support before resuming its upward trend if the 3403–3406 zone holds firm. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD at: 3440 – 3444 🎯 TP: 3420 ❌ SL: 3449 🔺 BUY XAU/USD at: 3406 – 3403 🎯 TP: 3426 ❌ SL: 3399
OANDA:XAUUSDLong
by Mian-FXSignals
1
Short gold ，it is expected to retreatToday, we accurately seized the trading opportunity of long gold at 3350 according to the trading plan, and hit TP: 3380 in the process of rebounding. We firmly grasped the profit of 300pips in the short-term long trading. At present, gold maintains the trend of continued rise! Now I definitely do not advocate chasing gold in short-term trading. On the contrary, I will actively look for good opportunities for short-term short trading to earn profits from short-term retracement. In the short term, the suppression area I focus on is the 3390-3395 area, because the gold trend is relatively strong during the European session, and the US session should continue. If gold cannot break through this area in the short term, gold will likely usher in a wave of retracement. I think it should not be difficult to test the 3370-3360 area downward; secondly, we must pay attention to the same suppression area as the short-term high of 3402: 3405-3415; if gold touches this area and stagflation occurs, then it may form a secondary high in the short term, thereby hitting the firmness of the bulls' confidence and ushering in a retracement. So next, I will test the gold short trade around the two areas of 3390-3395 and 3405-3415. Relatively speaking, the profit and loss ratio is still very favorable to us! But in the process of trading, we must strictly set up protection, after all, it is a counter-trend trade in the short term!
OANDA:XAUUSDShort
by Steffen_Schade
XAU/USD 4H Updated Technical Analysis 06/12/20254H Market Structure & Trend Gold (XAU/USD) is trading around $3,383, showing a generally bullish market structure on the 4-hour chart. The price has been making higher highs (HH) and higher lows (HL) – a classic uptrend pattern Recently, bulls broke above a notable resistance level (a Break of Structure, or BOS), confirming continued upside momentum So far no Change of Character (CHOCH) signal (which would require a lower low to hint at a trend reversal, meaning the uptrend remains intact. Gold is also trading above its daily pivot point (3370), reflecting a bullish intraday bias Overall, sentiment on the 4H timeframe is positive unless key support levels give way. Key Support & Resistance Zones (Demand vs. Supply) Support (Demand Zones): Immediate support lies in the 3355 – 3340 region (marked by S1 and S2). This zone lines up with prior price congestion and is viewed as a demand zone, where buyers have historically stepped in In fact, multiple support levels cluster here (e.g. previous lows and trendline intersection), creating a broad buy zone. The idea is that as price dips into this area, buy orders are likely waiting, and the deeper it goes into the zone, the more attractive it becomes for bulls If 3340 fails, the next support is around 3325 (S3), another potential demand area where gold found a footing earlier. Traders will watch these support zones for bullish reversal signals (like a strong bounce or candlestick patterns) to confirm that demand is indeed active. Resistance (Supply Zones): On the upside, initial resistance is seen at 3385 (R1), with a stronger supply zone around 3400 (roughly the R2 3402 level). Here, multiple technical levels overlap – including a recent swing high and a psychological round number. This convergence of resistances creates a supply zone where sellers may be waiting. As gold approaches 3385–3402, it’s likely to encounter profit-taking or new short positions. If price does punch through 3400, the next resistance is around 3415 (R3), which could attract even more selling interest. Within the 3385–3415 zone, expect price to possibly stall or reverse, unless bulls muster a strong breakout. Traders should be cautious about bullish positions as price nears this supply area, and watch for any bearish reversal clues (like wicks or a double-top) indicating that sellers are active Fibonacci Retracement Confluence Recent price swings show Fibonacci retracement levels aligning with the above zones, adding confidence to those areas. For instance, the rally from the last 4H swing low (around 3325) up to the recent high (~3385) has a 50%–61.8% Fibonacci retracement roughly in the 3340–3355 range. Fibonacci levels often pinpoint where price might stall or reverse during a pullback, and indeed this $3,340-$3,355 support zone corresponds to the popular 50%–61.8% retracement band – a prime spot where bargain-hunting buyers could step in. In an uptrend, a pullback to these Fib levels is considered a healthy correction rather than a trend change. Thus, if gold dips to that area, many bulls will be watching for a bounce. On the flip side, if gold extends higher, Fibonacci extension levels suggest the 3400+ region might be a measured move target (for example, 100% extension of the last pullback lands near 3400). This reinforces that the 3385–3415 supply zone is a critical hurdle. In summary, Fibonacci analysis supports the idea that mid-$3300s is a value zone for buyers, while around $3400 is a potential exhaustion area for the current upswing. Smart Money Concepts (SMC) Insights From a Smart Money Concepts perspective, institutional footprints are visible on the chart. The ongoing bullish structure (higher lows, no lower low yet) means no CHOCH (trend change) has occurred Smart money likely continues to favor longs until a key low breaks. We can identify a possible bullish Order Block in the 3340 area, which is essentially the last small bearish candle on 4H before the strong push up This order block (an institutional buy zone) overlaps with our demand zone, suggesting big players placed buy orders around 3340. If price revisits that zone, it could ignite another rally as those orders get filled. There are also liquidity considerations in play: Above $3,400, there may be clusters of buy stop orders (from breakout traders or short stops) – what SMC traders call buy-side liquidity. It wouldn’t be surprising to see gold spike above 3400 to grab that liquidity (stop-loss hunt) before either accelerating higher or sharply reversing. Conversely, below $3,340, many bulls likely have stop-losses (sell orders) – sell-side liquidity resting under support. A quick dip under S2 (liquidity grab) followed by a recovery would actually be a bullish signature (a bear trap by smart money). However, if price breaks significantly below 3325 and holds, that would mark a bearish CHOCH (first real trend change signal) and indicate the smart money possibly switching to selling rallies. Until then, the path of least resistance is still up. Any fair value gaps (imbalances) left from the rapid rise may exist around 3360 (for example), but so far gold has been backfilling these moves, keeping the trend steady. Potential Trading Setups (4H Outlook) Given the above analysis, here are two possible trade ideas on the 4H timeframe – one bullish and one bearish – with high-conviction zones in focus: Bullish Buy Setup (Buy the Dip): A pullback into the 3355–3340 support demand zone could offer a buying opportunity. This area has multiple factors of confluence: pivot S1/S2 supports, a Fibonacci 50–61.8% retracement, and an order block. If gold’s price action shows a clear reversal here (for example, a bullish engulfing candle or double bottom on 1H/4H), buyers can consider going long. The upside targets would be a return to 3385 (R1), with stretch targets near 3400–3415 (R2/R3). A prudent stop-loss could be placed just below 3325 (just under S3 and below the demand zone) to avoid a deeper reversal. This setup aligns with the prevailing uptrend (trading with the trend) and aims to “buy low” in the value zone. Bearish Sell Setup (Sell the Rally): If gold surges into the 3385–3402 resistance supply zone without slowing, traders should watch for signs of buyer exhaustion. In a still-range-bound market or if momentum wanes near the top, one might consider a short position in this zone if bearish signals emerge (e.g. a 4H shooting star candle, bearish divergence, or a minor BOS downward on lower timeframe). The idea is that smart money could use the liquidity above 3385/3400 to sell into. Initial downside targets could be the pivot area around 3370 and then the 3355 support. A stop-loss would ideally be just above 3415 (clear of the R3 level), in case gold breaks out to new highs. This counter-trend style trade is riskier since the 4H trend is up, so it’s crucial to wait for confirmation of a reversal before selling. Essentially, you’d be selling high at known resistance, but only if the market shows it can’t push further. Both setups hinge on patience and confirmation. Rather than blindly picking tops or bottoms, let the price action confirm that the zone is holding. Remember that support and resistance levels are zones, not exact lines – price can wick through slightly before reversing. Always manage risk carefully. Key Levels Snapshot Pivot: 3370 R1: 3385 – R2: 3402 – R3: 3415 S1: 3355 – S2: 3340 – S3: 3325 These levels are derived from the classic pivot point formul, using recent price data. The pivot point at 3370 is the average of the previous session’s high, low, and close. Trading above this pivot supports a bullish bias, while below it turns the bias bearish. The R1/R2/R3 levels mark successive resistance hurdles above the pivot, and S1/S2/S3 mark support floors below it. Traders often use these as guideposts for intraday moves. Takeaway: Gold’s 4H chart shows bullish momentum with key support in the mid-$3300s and resistance near $3400. It’s wise to trade the reaction at these zones – buy dips near support in an uptrend, or sell rallies at resistance if momentum fades. In all cases, wait for price to confirm direction and stick to your trading plan. Happy trading!
OANDA:XAUUSD
by Tami512
The chart you've shared is a 15-minute gold (XAU/USD) CFD tradinThe chart you've shared is a 15-minute gold (XAU/USD) CFD trading chart, and it illustrates a bullish trade setup based on price action and possible harmonic or pattern-based analysis. Here's the breakdown of the idea: --- 📊 Trade Idea Overview: Asset: Gold (XAU/USD) Timeframe: 15-minute Bias: Bullish (Buy/Long Setup) --- 🔍 Technical Details: Pattern Observed: Possible double bottom or bullish corrective wave structure (Elliott Wave or ABC correction completion). Entry Point: Around $3,430.40 (market price at time of setup). Take Profit (TP): ~$3,450.31 Stop Loss (SL): ~$3,420.03 --- 📐 Risk-to-Reward (R:R) Ratio: Approximately 2:1, indicating a favorable reward relative to the risk. --- 📈 Rationale for Bullish Bias: Price has completed a series of lower highs and lower lows (a corrective phase). Price has bounced from a key support zone (~$3,429), suggesting buyers are stepping in. The blue projection arrow indicates an expectation of upward continuation. Volume is relatively steady with no significant bearish spike, supporting a potential reversal. --- ✅ Confirmation Indicators (Optional Additions): You may want to look for: Bullish candlestick patterns at the entry point (e.g., hammer, engulfing). RSI divergence or bounce from oversold. MACD crossover or histogram shift. Trendline break confirmation on lower timeframes. --- ⚠️ Trade Management Tip: Consider trailing your stop once price reaches halfway to TP. Watch for reaction at interim resistance levels (e.g., $3,440 area). --- Would you like me to generate a trade plan or script this into a trading journal format?
TVC:GOLD
by MrProfessor87
Gold Weekly Outlook: Bullish Breakout on DeckHello, 🪙 XAU/USD Weekly Outlook 📅 May 25 – 30, 2025 📍 Current Price: $3,355.35 📈 RSI (1D): 57.99 — Neutral to mild bullish momentum 🔮 Summary & Key Levels Gold remains bullish, supported by USD weakness, geopolitical tension, and safe-haven demand. Without hawkish shocks, expect a test of $3,440+ this week. Level Significance Likelihood $3,300 – $3,355 Support zone, dip-buying likely 🔵 High $3,355 – $3,390 Current range, mild upside grind 🟡 Moderate $3,390 – $3,440 Key resistance test 🟢 Likely if USD weak $3,440 – $3,500 Breakout extension zone 🟠 Conditional (Fed/dovish data needed) < $3,280 Bearish invalidation 🔴 Unlikely barring major USD reversal 🧭 Directional Bias: Bullish with breakout potential — driven by rising U.S. debt concerns, Fed rate cut talk, and risk aversion. 🔍 Supporting Factors US Dollar Weakness: USD dropped 1.4–2.3% vs majors; JPY & CHF gained as safe havens. Moody’s downgrade of U.S. credit rating and weak Treasury auctions amplify fiscal stress. Trump’s tariff threats revive trade war fears, pressuring USD further. Fed & Inflation Watch: Fed speakers mixed; Waller hinted at cuts if tariffs escalate. May 31 Core PCE inflation data critical — softer print could ignite breakout. Safe-Haven Rotation: JPY & CHF strength signals risk hedging. Global tensions, equity fragility, Middle East unrest support gold demand. 🌐 Global Macro Highlights & Gold Implications Region Highlights Gold Impact 🇺🇸 US Fiscal strain, downgrade, mixed data 🟢 Bullish 🇪🇺 Eurozone Hawkish ECB, stable inflation 🟡 Mildly bullish 🇬🇧 UK Strong CPI, Brexit optimism ⚪ Neutral 🇯🇵 Japan Hawkish BoJ pivot, rising inflation 🟢 Safe-haven driver 🇨🇭 Switzerland CHF rally, deflation concerns 🟢 Risk-off tone 🇨🇦🇦🇺🇳🇿 Mixed data, dovish bias ⚪ Commodity FX support 📅 Key Events to Watch (May 25–30) Date Event Impact on Gold Daily Fed speakers (Waller, Bostic) 🟠 Dovish tone supports gold Friday US Core PCE Inflation 🟥 Major catalyst — soft print = breakout risk Anytime Trump tariff announcements 🟥 Volatility spike = bullish catalyst Ongoing Risk sentiment & equity volatility 🟠 Supports safe-haven flows ✅ Bottom Line Gold’s technical and macro setup is strong. A push above $3,390 could open a move toward $3,440–$3,470, especially if Friday’s PCE data disappoints or trade tensions escalate. Downside limited unless USD sentiment reverses sharply. The Support and Resistance outlined in green and red are the respective support/resistance for this pair currently for 1M-1Y timeframes! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAUUSDLong
by TradeWithTheTrend3344
Gold CPI data forward-looking layout 📊Technical aspects Gold trend from the perspective of technical analysis From the daily technical chart, the gold price has experienced complex fluctuations. Although there have been ups and downs recently, it is still in a relatively high range. In terms of moving averages, short-term moving averages such as the 5-day moving average and the 10-day moving average show a certain entanglement trend, indicating that the short volume is relatively strong in the short term and the short trend is obvious. From the MACD indicator, its double lines are running below the zero axis. Although the bar chart has shrunk, it still remains in the positive area, suggesting that the bullish force has weakened in the near future, but the overall market is still in a bearish market pattern, and the upward momentum is gradually fading. At present, the RSI value is further downward, indicating that the bearish force will gradually increase. ​ From the Bollinger Bands indicator, the gold price is currently running below the middle track of the Bollinger Bands, and the Bollinger Bands opening shows a slight narrowing sign. If the price falls below the middle track of the Bollinger Bands and continues to decline, the bearish trend may intensify. If the downward trend accelerates, gold still has a profit momentum of about $100 💰 Strategy Package Short Position：3330-3340
TVC:GOLDShort
by TheodoreSilas