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XAUUSD trade ideas

XAU/USD Struggles Below 3352, Bearish Pressure Remains ActiveXAU/USD Below Pivot, Watching 3352 for Bullish Confirmation Gold prices edged up today as investors shifted their focus to the U.S. fiscal situation and lingering uncertainty ahead of the July 9 deadline when U.S. tariffs are set to take effect. But at the same time, we have strong resistance on the way. The price continues to move below the pivot level and the 3352 resistance, which together form a strong supply zone. A confirmed breakout above 3352 on the 4H candle is needed to validate a bullish move toward 3365. However, the possibility of a renewed decline remains unless the price also breaks above 3365, which would confirm a continuation of the upward trend. The bearish trend remains active as long as the price trades below the pivot at 3348 and the 3352 level. Sustained trading below this zone would likely lead to a decline toward 3320 and 3313. Key Technical Levels Resistance: 3352 - 3365 - 3400. Support Levels: 3320 - 3313 - 3218. Pivot Line: 3348
OANDA:XAUUSDShort
by SroshMayi
7.2 Gold price continues to fluctuate! Non-agricultural positionGold is still temporarily maintaining a wide range of fluctuations in the daily trend, and the price is temporarily under pressure around 3360. In the 4-hour level trend, after continuous high-level narrow fluctuations, the technical pattern has begun to weaken. The short-term moving average has gradually flattened from the previous upward divergence. After the continuous small-scale high-rise and fall back, the upward momentum in the short-term trend is insufficient. In the hourly level trend, the current running space is very compressed, but in the small-level cycle trend, after continuous fluctuations, the technical pattern has begun to weaken. The price has begun to slowly move out of the narrow range of fluctuations. Pay attention to the short-term adjustment and repair.
TVC:GOLDShort
by AIan_Gold
1
XAU/USD M5 – Bearish Fib Retracement & Downtrend Continuation SeXAU/USD M5 – Bearish Fib Retracement & Downtrend Continuation Setup Gold is currently testing the Fibonacci 0.236–0.382 retracement zone after a clean bearish leg, aligning with the descending channel structure. Price is now forming a possible lower high, hinting at a potential continuation of the intraday downtrend. 🔍 Key Technical Highlights: Bearish Market Structure: Price remains inside a well-respected descending channel, respecting both lower highs and lower lows. Fibonacci Confluence: Retracement into the 0.236–0.382 zone (around $3,345 – $3,347) may act as a resistance. Rejection Expected: Small distribution forming near $3,347 inside the channel resistance. Downside Targets: 1.0 extension: ~$3,338 1.618 extension: ~$3,330 Extended target: Lower channel boundary 📊 Trade Setup: Bias: Short (scalp/intraday) Sell Area: $3,345 – $3,347 (Fibonacci + structure confluence) Stop Loss: Above $3,350 Target: $3,330 Risk:Reward: ~1:3 (depending on entry) 🧠 Tactical Note: Watch for a break and retest below $3,343–3,342 demand zone (purple box) to confirm continuation. A breakout from the descending channel would invalidate this scenario.
OANDA:XAUUSDShort
by raksazatrader
Gold Trade Plan 02/07/2025ِDear Traders, On the 1-hour chart of XAUUSD (Gold vs. USD), we observe a breakout of the descending trendline, followed by a successful pullback and continuation to the upside. The blue demand zone around 3295–3310 acted as a strong support and triggered a bullish move. As long as the price holds above this support, we expect the uptrend to continue, targeting the resistance areas between 3360–3375 and potentially up to 3390–3400. The RSI has pulled back from the overbought zone but is still holding above the 50 level, supporting the bullish sentiment. 📌 Conclusion: If the price holds above the support zone, further upside towards the resistance zones is likely. If the support fails, the bullish scenario may be invalidated for now. Regards, Alireza!
OANDA:XAUUSDLong
by alirezak
Below of last update of reverse head and shoulder post XAU/USD | 30min | by Mohsen Mozafari Nejad 🔸 **Instrument:** Gold / USD (XAU/USD) 🔸 **Timeframe:** 30min 🔸 **Methodology:** Smart Money Concepts (SMC) + Liquidity + OB + Market Structure 🔸 **Focus:** New Monthly Open Setup 🔍 Market Context: --- ## 🧠 Technical Breakdown: 1. **Strong recovery** after clearing deep liquidity sweep (Head zone) 2. **Bullish BOS** structure confirmed on LTF → Multiple HH and HL formed 3. Price now testing **Key Supply/OB zone at 3300–3315** 4. Above this zone lies a **Strong High (SH) around 3,350**, a potential liquidity magnet 5. Overall bias is bullish unless strong rejection appears from upper OB --- ## 📌 Trade Plan: | Position | Entry Confirmation Zone | Stop Loss (SL) | Take Profit (TP) | |----------|--------------------------|----------------|------------------| | | Short (scalp only) | Bearish reaction from 3,345–3,350 | Above 3,353 | TP1: 3,310 / TP2: 3,290 | --- ## ⚠️ Risk Factors to Watch: - 🔺 High-impact USD news (July 1st releases: Manufacturing PMI / employment preview) - 🔺 Overextension above supply zone without support → trap risk - 🔺 Bull trap risk if price spikes above 3,340 then sharply reverses --- ## ✅ Summary: > **Start of July** could fuel volatility and directional momentum. > The structure is clearly bullish short-term, but upper liquidity zones remain **highly reactive**. > Smart traders will wait for reaction at the 3,340–3,350 SH zone before overcommitting. **Structure:** 🔴 bearish momentum **Efficiency:** ✅ Clean **Liquidity:** 🔺 Above SH & Below recent HL 📊 Prepared by: **Mohsen Mozafari Nejad**
OANDA:XAUUSDShort
by mmozafari1357
XAUUSD I Forecast Ahead of USD Unemployment ClaimsWelcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
FOREXCOM:XAUUSDLong
by BKTradingAcademy
7
XAUUSD:Today's Trading Strategy Gold retreated in the sub-session, I have personally increased my long position near 3331, the overall trend is bullish unchanged, the median strategy is patient to rise. If you are trading short, you can go long at 3325-3330 and leave at 3340-45. The same can be said if you want to solve the problem; Trade according to your trading preferences and risk tolerance. More detailed strategies and trading will be notified here ↗↗↗ Keep updated, come to "get" ↗↗↗
OANDA:XAUUSDLong
by Boooob_
Market Outlook (7/5/2025).Insights on DXY, BTC,SPX,NAS100 & GOLDThis week's chart analysis dives into essential technical patterns and indicators, revealing the behavior and direction of the Dollar Index, Bitcoin, SPX500, NAS100 Indices, and GOLD for the upcoming week! It showcases price trends, support and resistance levels, candlestick formations, and moving averages to pinpoint potential targets. My aim is to decode market sentiment and forecast exciting price movements based on historical data and technical signals. I hope you find immense value in my analysis to empower your trade and investment decisions. Cheers!
OANDA:XAUUSD
by RICHINVESTOR
GOLD GOLD ,newyork gold dealers reacted early enough avoiding my aim sell zone of 3378-3385. while we accept that price action will do what ever it wants ,so we accept the new cross at 3357 and took over 100pips from that bearish drop . we are on a strong 2hr cross and a demand floor ,if we sustains above this level we could be buying above 3357 to test 3385-3378 which will expose 3400 .,but if buyers fail from this level we are going to sell in line with the sentiment of the market. trading forex, commodities is based on probability
VANTAGE:XAUUSDLong
by Shavyfxhub
1
XAU / USD 4 Hour ChartHello traders. Just a quick update on my trade. I thought on the last 30 min. candle I was going to get taken out. Normally I would close half the trade to minimize loss but I am using a microlot size and I am going to let it ride. Let's see if we start pushing down or if my Stop Loss get hit. I am optimistic and looking for that push down to correct the move from the overnight sessions. Let's see how it plays out. Big G gets a shout out. Be well and trade safe.
OANDA:XAUUSDShort
by musclemilk0075
Gold Trade Plan 01/07/2025Dear Traders, On the 1-hour timeframe for XAUUSD (Gold Spot vs. USD): ✅ The price has made a strong bullish move and is now testing a key resistance zone between 3345 and 3360. This zone has acted as both support and resistance in the past, making it a strong area of interest. 📉 We can observe upper wicks forming on the candles, suggesting buying pressure is weakening. The red dashed line on the chart indicates a potential bearish reversal scenario. 🔻 If the price fails to break and close above this resistance with strength, we could see a correction toward the 3290 to 3260 zone. 💡 Unless the price breaks above 3360 and closes strongly, long positions carry higher risk at the moment.
OANDA:XAUUSDShort
by alirezak
From Congestion to Collapse: Understanding Distribution and H&S A Simple Lesson: How to Identify Congestion Zones in the Market — Schabacker’s Approach and the Head and Shoulders Pattern ⸻ 👤 Who Was Schabacker? 🔹 Richard Schabacker was one of the pioneers who authored seminal works on technical analysis. 🔹 He lived over 90 years ago and served as Editor-in-Chief of Financial World magazine. 🔹 His most notable book is: Technical Analysis and Stock Market Profits 🔹 Published around 1932 in the United States. 🔹 Schabacker is often considered the “grandfather” of technical analysis, and much of the methodology traders use today can be traced back to his insights. ⸻ 🟢 What Did He Teach? 🔹 Schabacker introduced a critical concept: ✅ The Congestion Zone 🌟 What Does It Mean? When the market makes a strong move—either a sharp rally or a steep decline—price often becomes trapped in a range: • Buyers at higher levels wait for further gains. • Sellers at lower levels expect more downside. But in reality, retail traders aren’t moving the market. Large institutions and funds—the so-called smart money—are in control. 👈 When these big players want to exit positions, they avoid selling everything at once to prevent a sudden collapse in price and to avoid revealing their hand. ✅ Their Playbook: • Keep price contained within a narrow band between support and resistance. • Gradually increase volume over time. • Attract new buyers who believe the trend is still intact. • Quietly distribute their holdings without alarming the market. 🌟 Why Do They Do This? If they were to dump all at once: • Price would drop rapidly. • Everyone would realize a large seller was active. • Institutions would get stuck, unable to exit at favorable prices. 🔻 So They Create Congestion and Distribution: 1️⃣ Sell discreetly over time. 2️⃣ Maintain the illusion that the trend is healthy. 3️⃣ Trap latecomers who buy into the range. ⸻ 🟢 How Do You Recognize This on a Chart? 🎯 A Simple Example: • Price climbs steadily from 3,000 to 3,300. • Suddenly, it surges to 3,450. ✅ Most traders think the rally will continue. 🌟 What happens next: • Price stalls between 3,380 and 3,450. • Numerous candles form in this area. • Volume remains elevated. 🔥 Inside this range: 1️⃣ Institutions sell into every upward move. 2️⃣ Early buyers remain committed, hoping for new highs. 3️⃣ New participants enter, unaware of the distribution. 🔻 What Do You See? • Repeated candles oscillating within the same band. • Failed breakouts above resistance. • Sustained high volume. ✅ This is the classic Congestion Zone. ⸻ 💡 How Can You Tell If It’s Distribution, Not Accumulation? • Persistent high volume indicates steady selling. • Price struggles to make fresh highs. • Long upper wicks signal selling pressure. • A Head and Shoulders pattern may start forming. ⸻ 🎯 What Happens After Congestion? • Institutions complete their distribution. ✅ Price breaks sharply below the range. ✅ The market drops quickly. ✅ Late buyers are forced to sell at losses. ⸻ 🟢 Practical Illustration: Visualize the range like this: | | | The Range | | | 3380 ————> Resistance | Multiple Candles | | Multiple Candles | | Multiple Candles | 3300 ————> Support and Neckline ✅ If price breaks below 3,300 on heavy volume: • The distribution is complete. • Price declines rapidly. ⸻ 📌 Key Takeaway: After any strong move, expect congestion as large players exit. Once they’re done, the trend often reverses. ⸻ 🎯 Quick Tips: ✅ Never rush to buy inside congestion after a big rally. ✅ Watch volume—if it’s high, it’s likely distribution. ✅ Wait for a clear breakdown before shorting. ✅ Your target should at least match the size of the preceding move. ⸻ 🔥 Let’s Cover the Head and Shoulders Pattern: ✅ What Is It? A reversal pattern appearing after a strong uptrend, signaling the end of bullish momentum. ⸻ ✅ Pattern Components: 1️⃣ Left Shoulder: • Price makes a high. • Pulls back. 2️⃣ Head: • Rallies to a higher high. • Declines again. 3️⃣ Right Shoulder: • Attempts to rise but fails to exceed the head’s high. 4️⃣ Neckline: • Connects the lows between the shoulders and the head. 🔻 When the Neckline Breaks Down: It’s a strong sell signal. The market often drops decisively. ⸻ 💡 Example in Numbers: • Price moves from 3,200: 1️⃣ Up to 3,350 (Left Shoulder) 2️⃣ Down to 3,300 3️⃣ Up to 3,400 (Head) 4️⃣ Down to 3,300 5️⃣ Up to 3,350 (Right Shoulder) 6️⃣ Down to 3,300 ✅ If price closes below 3,300 on strong volume, the pattern is confirmed. 🎯 Target Calculation: • Head = 3,400 • Neckline = 3,300 • Distance = 100 points • Target = 3,200 ⸻ 🟢 How To Trade It: 1️⃣ Don’t preemptively sell during the right shoulder. 2️⃣ Wait for a confirmed breakdown. 3️⃣ Enter a short position targeting 3,200. 4️⃣ Set your stop loss above the right shoulder. ⸻ 🟢 Final Advice: ✅ The Head and Shoulders is powerful if confirmed by volume. ✅ Always wait for the neckline break—otherwise, it could be a false signal. ✅ Keep monitoring volume for confirmation. ⸻ 🔥 Be disciplined in your analysis and decisive in your execution. 🔥 As Warren Buffett said: “The stock market is a device for transferring money from the impatient to the patient.” ⸻ If you found this valuable, let me know—I’d be glad to prepare more lessons. 🌟
FX:XAUUSDEducation
by ICHIMOKUontheNILE
Gold - This is the official top!Gold - TVC:GOLD - might top out soon: (click chart above to see the in depth analysis👆🏻) Since Gold confirmed its rounding bottom in 2019 it rallied more than +200%. Especially the recent push higher has been quite aggressive, squeezing all bears. But now Gold is somehow unable to create new all time highs, which could constitute the a top formation. Levels to watch: $3.500, $3.000 Keep your long term vision🙏🙏 Philip (BasicTrading)
TVC:GOLDShort
by basictradingtv
6
Beware of gold, false rise and real fall 💡Message Strategy The global economic uncertainty has intensified recently, and the gold market has performed well. On Monday, the price of gold rose by 0.87%, hitting a bottom of $3247.87 per ounce before rebounding strongly. The upward trend continued in early trading on Tuesday. In the second quarter, the price of gold rose by 5.5%, rising for two consecutive quarters. The main reason for this round of gold price rise is the weakening of the US dollar. The US dollar index has recorded its worst performance in the first half of the year since the 1970s. Market concerns about the expansion of the US fiscal deficit and uncertainty in trade agreements have weakened the attractiveness of the US dollar. At the same time, global trade and geopolitical fluctuations, such as the Sino-US rare earth agreement, the progress of US-EU trade negotiations, and the uncertainty of the tariff deadline on July 9, have strengthened the safe-haven properties of gold. This week's focus is on Thursday's US non-farm payrolls report for June. The market expects 110,000 new jobs and an unemployment rate of 4.3%, which will directly affect the direction of the Federal Reserve's monetary policy. Although the Federal Reserve is cautious about cutting interest rates, the market generally expects that interest rate cuts will be resumed in September, and the annual interest rate cut may reach 66 basis points. Trump's pressure on the Federal Reserve has also increased policy uncertainty. Gold is driven up by multiple factors, but its future trend still depends on employment, inflation and tariff policies. Investors need to pay close attention to data and policy developments. 📊Technical aspects Gold hit bottom and rebounded during the early trading session on Monday, and the price stopped after touching the previous low. The price stopped after touching the four-hour resistance position before the European session. The European session was under pressure before breaking through the four-hour resistance. After that, the U.S. session had consecutive positive days, and the price did not fall. Instead, it further broke through the four-hour resistance position, which means that the price still has the performance of testing the daily level resistance area. We will continue to follow the key breakthrough of 3300 on Monday and pay attention to the 3350-3360 area and then look at the pressure. According to the daily level, after the price broke through the daily support last week, the price continued to rely on the daily resistance to bear pressure. At present, the daily resistance is at the 3360 area resistance. Below this position, gold can continue to be short. According to the four-hour level, the four-hour key position is the key to our emphasis on short-term trends. Yesterday, the price broke through the four-hour resistance and is expected to adjust further. The current four-hour support is in the 3300 area. The price is short-term bullish above this position. After the subsequent high, it is expected to fall further after breaking the four-hour support again. From the one-hour level, yesterday's strong closing, today's early trading again directly broke through yesterday's high position, so today's early trading low became the key. The price above this position tends to continue to test the daily resistance of 3360, so we will first look at the rebound, and wait until the price touches the daily resistance of 3350-3360, and then pay attention to further anti-K signals to see pressure. 💰Strategy Package Short Position：3350-3360，SL：3370，Target: 3315-3300
TVC:GOLDShort
by TheodoreSilas
XAUUSD (GOLD/USD) Breakdown 🔴 1. UT in Phase B (Upthrust = Trap) This move above the previous high was likely a liquidity grab, not a real breakout. Price action showed rejection without follow-through — classic Wyckoff distribution behavior. → 📉 Smart money sells into retail buying. 🔴 2. SOW (Sign of Weakness) After the UT, price dumped aggressively and broke short-term support. This creates lower confidence in bullish continuation. → 📉 Weak hands shaken, structure looks heavy. 🔴 3. Bearish Structure (Waves i–ii–iii setting up) Wave I = first drop after the UT. Wave II = current bounce — looks corrective, not impulsive. Expecting Wave III = the next strong sell leg. → 🎯 Target: revisit 3,072 → 3,040 → PML (3,010) → even 2,955. 🔴 4. Volume Profile Confirmation Price is failing to hold the high-volume node (3,303–3,327). Below this = thin volume zone, which price tends to drop through quickly. → 🚨 Liquidity vacuum below. 🔴 5. Resistance Cluster Above Multiple key levels between 3,500–3,563 = heavy resistance. Also aligns with the invalidation zone for the bearish count. → ❌ If price moves above here with strength = bias invalidated.
OANDA:XAUUSDShort
by spaceangel
Gold on a decline as expectedTechnical analysis: As expected last week has started off inside my Neutral Rectangle and despite the pullback from the Daily High’s, the (#1W) Weekly chart’s candle was finishing the week at (# +1.79%). As mentioned throughout the week, the last time we had two straight green (#1W), third will follow so expect Bull week (this one) if cycle is replicated. The current pullback on Hourly 4 chart (Engulfing Bearish candlestick formation) has formed an healthy post NFP Descending Channel which is currently on it’s Higher Low’s so the rebound can happen any time. Technically #3,345.80 - #3,348.80 represents the next Lower High’s Lower zone pressure point and that’s why you witnessed many upside rejections there (Gold stalled on mentioned configuration) so Short-term Buyers can Target this level. Remember, #MA50 on Daily chart is line of utmost importance (currently seen Trading at #3,322.80). Price-action still didn’t invalidated the #3,322.80 (with a market closing) Hourly 4 chart’s Support as Gold is picking up the pace towards my expected #3,348.80 - #3,357.80 Resistance zone for the fractal / local High’s. My position: In my opinion I need to stay on Hourly 4 time-frame for us and the potential break-out to the downside since Hourly 4 chart remains Bearish (never Swing Buy while #H4 is Bearish) on logarithmic scale, hence on limited upside. My expectation is that we still have one (minor) rebound left which will be the final Selling attempt / entry towards #3,300.80 benchmark, if Buyers manage to reverse this, #3,352.80 and #3,400.80 marks are Targets to monitor / which I will pursue with set of Scalp and Swing orders. Trade accordingly as I Bought #3,302.80 with set of aggressive Scalp orders.
OANDA:XAUUSDLong
by goldenBear88
Gold on upswing as expectedAs discussed throughout my yesterday's session commentary: "My position: Since #3,337.80 was neckline for upside Bull structure, I was aware if it gets invalidated to the downside, it will open doors for #3,327.80 extension (which held twice throughout late U.S. and Asian session). I don't expect much Selling action today however Bulls need another Fundamental push to invalidate wall of Resistances at #3,340's and #3,350's. I will continue Scalping as opportunity arise / no Swing orders." I have expected Gold to test upside extension where I Bought (Scalp of course) #3,342.80 twice towards #3,348.80 and re-Sold #3,357.80 - #3,362.80 belt many times (excellent returns). I will await area to be engulfed and only then make my move. As I am getting many Fundamental inquiries lately: Gold's current almost #2-Year perma-Bull outlook is driven by more than Fundamentals - rising Global debt, Central bank Buying (especially by China), and general declining trust in fiat currencies all play key roles in Gold's perma-Bull stance. It's considered undervalued by some part of my analysis when adjusted for Inflation and Money supply expansion (like #M2 growth). Gold acts as a Long-term hedge against currency devaluation and systemic Risk, especially during Global conflicts or financial crises. Mining costs are also on the rise while new discoveries are declining, which supports Higher future Prices. With ongoing de-Dollarization and interest in Gold-backed digital assets, the Long-term future of Gold looks structurally strong. My position: Gold is Trading within #3,350's belt which represents crossroads for the Short-term. Either #3,362.80 - #3,368.80 break-out to the upside towards #3,377.80 strong Resistance, or #3,342.80 - #3,352.80 break-out to the downside towards #3,327.80 Support. Current Price-action is ideal for Scalping since I don't expect major movement until tomorrow's NFP numbers.
TVC:GOLD
by goldenBear88
Gold's Next Week Trend & Trading TipsGold Trend Analysis for Next Week Fundamental Analysis Friday (July 4th) marks the U.S. Independence Day holiday, with gold oscillating narrowly near 3333 in early European trading 📊. The metal fell nearly 1% on Thursday (July 3rd) to close at 3325.87, weighed by unexpectedly strong June nonfarm payrolls 💪. This boosted the dollar and Treasury yields, dimming Fed rate-cut hopes and curbing gold’s appeal. Additionally, the U.S. Congress passed the Trump administration’s major tax cuts and spending bill, adding economic complexity 🔄. No key data is due today; markets will close early for the holiday, limiting volatility. Profit-taking on yesterday’s short positions may halt declines, leaving today’s trend likely range-bound or slightly rebounding 📈. Technical Analysis Gold rebounded from lows this week, with three straight bullish daily candles breaking above the middle Bollinger Band, signaling short-term strength 🐂. However, dual bearish triggers (nonfarm data and jobless claims) sparked a pullback Thursday, likely forming a bearish candle with a long lower shadow—a correction after three gains 🔄. The daily chart shows high-range consolidation, lacking sustained momentum. Dollar volatility has capped gold’s moves, with repeated tests of highs failing to break through and pullbacks lacking downside conviction. The daily Bollinger Band is contracting, with gold swinging between middle and lower bands; 3360 acts as resistance 🛑. Last night’s nonfarm data caused a nearly ＄40 drop, but markets stabilized, and gold has recovered half those losses, with bearish momentum ebbing 🐻. A secondary support base formed at 3322, and after overnight consolidation, gold is showing rally signs with higher lows 🔄 Strategy： 🚀 Sell@3355 - 3345 🚀 TP 3335 - 3325 - 3315 🚀 Buy@3290 - 3300 🚀 TP 3310 - 3320 - 3330 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
OANDA:XAUUSDShort
by Sovereign_11
How to accurately grasp gold trading opportunities?Gold rebounded as expected, and fell under pressure at the 3295-3296 line during the European session. This position was the key resistance level for the previous top and bottom conversion, and the range shock pattern continued. In terms of operation, the high-altitude and low-multiple ideas remain unchanged, and we will continue to pay attention to the short opportunities after the rebound. 📉 Operational ideas: Short orders can be arranged in batches in the 3295-3311 area, and the target is 3280-3270 area; If the support below 3260-3255 is effective, you can consider taking the opportunity to reverse long orders and participate in short-term. 📌Key position reference: Upper pressure: 3295, 3311 Lower support: 3278-3275, 3260-3255 Gold strategy idea suggests shorting at 3291-3293, perfectly capturing the rebound high point! Smoothly reached the profit target of 3275, gaining 18pips! If you are not able to flexibly respond to the market in trading, and are not good at adjusting your trading ideas and rhythm in time with the market rhythm, you can pay attention to the bottom notification 🌐 to get more specific operation details and strategy updates. Let us work together to flexibly and steadily pursue more profits in the ever-changing market!
OANDA:XAUUSDShort
by TP_Daniel
Where will the price of gold go under such strong pressure?From the 4-hour analysis, the support line of 3295-3301 is concerned below, the short-term resistance above is concerned about 3316, and the suppression line of 3345-50 is focused on. The overall main tone of high-altitude low-multiple cycle participation remains unchanged. In the middle position, watch more and do less, and follow orders cautiously, and maintain the main tone of participation in the trend. Wait patiently for key points to participate.
FOREXCOM:XAUUSDShort
by DonaldJohnson
GOLD. Why is Gold Rising Again?The yellow metal is one again receiving support driven by two main factors. The first is the continued risk of failure in the negotiations between Tehran and Tel Aviv. The second is related to the chronic weakness of the U.S. dollar amid the American economy slipping into a recession, which may persist for a prolonged period, and the uncertainty surrounding the future global impact of Donald Trump's customs tariff policy. From a technical perspective, gold prices continue to be in a long-term upward trend. The bullish momentum, driven by the aforementioned reasons, may continue after breaking and consolidating above the 3340 level. Technical Outlook and Trading Idea: The price is trading above the middle line of the Bollinger Bands, as well as above the 5-and 14-period SMAs , which have crossed and are giving a buy signal. The RSI is crossing the 50% mark, also indicating a buy. the Stochastic Oscillator is above 50% and continues to rise. In this situation, I believe gold should be bought, with a potential rise toward 3384. A likely entry point for a buy position could be considered around 3347.
FOREXCOM:XAUUSD
by CEO-PREMIUM-ANALYSIS
8