XAUUSDGC1!MGC1! The combination of fundamental influences and technical patterns led to a sharp surge in gold prices after the market opened yesterday. The upward momentum only slowed during the New York session, but prices remained above 3100. However, after this rally, the technical setup is not particularly favorable for bulls. That said, if fundamental factors continue to support the market, any technical pullback could provide another buying opportunity for bulls.
Key Considerations: 🔸 Besides technical factors, we need to monitor geopolitical tensions—if the situation eases, demand for gold as a safe haven could decrease. 🔸 If tensions escalate further, gold is likely to rise, making it unwise to blindly short the top. Instead, we should adjust our trading strategy based on market developments while using technical patterns for entry and exit points. 🔸 If a pullback occurs, support is seen around 3109. 🔸 If the price continues upward, given current market conditions, a single rally is unlikely to exceed $30, so the first resistance zone is estimated at 3136-3145.
Trading Strategy for Today: 📈 Buy in the 3111-3101 range 📉 Sell in the 3135-3145 range
Stay flexible, follow the market closely, and adjust strategies accordingly. Let me know if you need further insights!
GOLDGC1! Today's volatility is now very small. We made a good profit from the buy signal at 3100 today. We will trade again tomorrow. See you tomorrow.
If you don’t know where to enter the market, you can come to my group to get accurate trading signals
XAUUSDGOLDGC1! Gold is rebounding. Pay attention to the resistance above 3020. At present, we can see obvious selling pressure on the 2H chart. MACD has formed a divergence. 2H is a larger period. Its form is short, which means that tomorrow or the day after tomorrow, the market will fall sharply.
In addition, the divergence of MACD is sometimes repaired by shock market. This situation is not uncommon, so when trading, we need to focus on the support.
Judging from the current candlestick chart arrangement, there is support near 3100, followed by the 3096-3088 range. If a larger divergence pattern is to be formed, the price may reach the 3036-3048 range. At that time, there is no need to hesitate too much, just sell it.
XAUUSDGC1! Idea: Gold waits for retracement sup… Gold fell back to the support area of 3097-3103 as expected. We successfully made a profit by setting a limit order at 3100, continuing our winning streak. So far, we have won 10 times in a row.
If you don’t know where to enter the market, you can come to my group to get accurate trading signals
XAUUSDGC1! The five-wave upward movement in gold has been completed. Next, we expect a period of consolidation around 3130, forming a short-term top before a potential pullback. However, during this consolidation phase, there is a possibility of a price surge, though the probability is low.
Trading Suggestions:
For conservative traders: Avoid rushing into positions. It’s better to wait for a pullback and the confirmation of a secondary top before entering trades.
For aggressive traders: You may enter at the current price, but be cautious with your position sizing and leave room for potential additions.
Based on the magnitude of the previous upward movement, the expected retracement zone is around 3110-3096, where a minor support level may form.
Trading Strategy: 📉 Sell in the 3121-3131 range 📈 Buy in the 3105-3090 range
XAUUSD 
