XAUUSD USD Fall 📉Gold Spot / U.S. Dollar forum
XAUUSD USD Fall 📉
XAUUSD Latest update bullish breakout: next target $3,181?"
GOLD Gold SELL TP 1 Hit 30+ pips profit
GOLD waiting on a good buy position :)
GOLD Is this gold giving the finger to buyers on the 1m?😂😂
GOLD gold sell now 3128tp 3125
tp 3122
tp 3114
sl 3136
XAUUSD if you find yourself hoping that the trade goes in your way, you are not trading, you are gambling.
XAUUSD What will happen next after gold reaches the top?Follow me to learn about the latest BTCUSD, XAUUSD news and technical analysis
Fundamental analysis
The U.S. manufacturing PMI data showed that the PMI fell from 50.3 to 49 in March, which was the first time it fell into the contraction range in nearly three months, suggesting that U.S. economic growth may be slowing down. In terms of employment data, the latest JOLTS report showed that the number of job vacancies in the United States fell to 7.56 million in February, down from 7.76 million in the previous month, further confirming the trend of cooling in the labor market. At the same time, global geopolitical tensions and Trump's upcoming "reciprocal tariff" policy are stimulating safe-haven funds to flow into the gold market. The market is worried that trade frictions may lead to slower global economic growth and trigger a new round of inflationary pressures.
Technical analyst interpretation:
Recently, prices have pulled back after hitting a record high of $3,148.85 and are currently looking for support near the Fibonacci retracement level. The 23.6% retracement level of $3129.73, the 38.2% retracement level of $3117.83 and the 50% retracement level of $3108.22 constitute an important short-term support zone. Whether this area can be maintained will determine the recent trend of gold prices. It is worth noting that the MACD indicator has shown a dead cross signal, and the bar chart has turned from red to green, indicating that short-term momentum is weakening. At the same time, the RSI indicator is hovering at the 52.42 level, indicating that the market is in a neutral state. The CCI indicator has fallen to -61.63, close to the oversold area, which may indicate that if there is a rapid decline in the short-term level, it may attract buying support.
Market analysis: If the gold price can hold the key Fibonacci 50% retracement level of $3108.22, it is likely to continue to attack. At this time, $3148.85 will become an important resistance level above. Once the historical high is effectively broken, the gold price is expected to start a new round of rise, and the next target may point to the integer mark of $3200. If unfavorable market factors have come one after another, then in the short term, we need to pay attention to the retracement of 3092 and 3088 support. The fundamental factors of this view include the expectation of the Fed's interest rate cut, global geopolitical uncertainty, and the continued strengthening of risk aversion demand.
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GOLD GOLD XAUUSD XAUUSD XAUUSD XAUUSD
GOLD From the long-term trend, the upward trend of gold is still stable. Based on this, it is recommended that investors arrange long positions in the range of 3100-3102 US dollars, and set the stop loss below 3092 US dollars to effectively control risks. The target price can be seen at 3120 US dollars, which is the middle position of the oscillation range. The price rebounds to this point and will most likely face certain resistance; if the bulls are strong, they will further look to 3135 US dollars and try to break through the current oscillation range.If you don't know when to enter the market, you can follow me. I will release specific signals in real time, so stay tuned
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