After yesterday's high-rise and fall, the price of gold fell into the box-shaped oscillation range of $3110-3135 today. From the technical chart, the current K-line presents a sideways consolidation pattern, and the Bollinger Band track also narrows accordingly, indicating that the market is temporarily in a stalemate and is waiting for new driving factors to break this balance.
2. Outlook of key influencing factors
1. ADP data: The ADP employment data to be released before the US market, its insight into the labor market, can often set the tone for Friday's non-farm payroll report in advance. If the ADP data is strong, it suggests that the US job market is still hot, which may enhance the market's expectations that the Federal Reserve will maintain a hawkish stance, thereby suppressing the gold price to a certain extent; on the contrary, if the data is not as expected, the market's risk aversion may heat up, injecting upward momentum into gold bulls.
2. Tariff policy: The final implementation of the tariff policy after the US market will have a direct impact on the global trade pattern and economic outlook expectations. If the tariff policy is increased, it may cause market concerns about economic growth slowdown, prompting funds to flow to safe-haven assets such as gold; if the policy is milder than expected and the market risk appetite rebounds, gold may face certain selling pressure.
3. Key support and resistance levels
1. Support level
US$1.3110: This price is the lower edge of the recent oscillation range, playing a key role in the long-short game. It is the stop point for multiple callbacks in the early stage, and has strong psychological and technical support significance.
US$2.3100: As an integer level, it is not only the focus of market participants, but also an important support level of the Fibonacci retracement line. Once the price is touched, it is easy to trigger a concentrated entry of bulls.
2. Resistance level
US$1.3135: It is the upper edge of today's oscillation range, and it is also the turning point of yesterday's high and fall. The selling pressure of bears at this price is more obvious, forming a short-term resistance barrier.
2.3150 USD: It is near the previous high price point. A large number of locked-in orders have accumulated in this area. The short position has a strong willingness to unwind, which constitutes a strong upward resistance.
IV. Trading strategy suggestions
1. Trend trading: 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 USD, and set the stop loss below 3092 USD to effectively control the risk. The target price can be seen at 3120 USD, which is the middle position of the oscillation range. The price rebound to this point is likely to face certain resistance; if the bulls are strong, they will further look to 3135 USD and try to break through the current oscillation range.
2. Range trading: Before the 3110-3135 USD range breaks, investors can adopt a range trading strategy of high-altitude and low-multiple. When the price is close to $3135, you can arrange a short position with a light position, set the stop loss above $3140, and target around $3120; when the price pulls back to around $3110, go long, set the stop loss below $3105, and target around $3125. Please note that due to the large short-term fluctuations, it is necessary to strictly control the position and stop loss to avoid large losses due to rapid price fluctuations.
In view of the current market's drastic short-term fluctuations, the specific timing and details of the transaction operation will be tracked by a professional team in real time during the trading session to provide investors with accurate on-the-spot transaction notifications to ensure that trading decisions can closely follow market dynamics.
XAUUSD GOLD
2. Outlook of key influencing factors
1. ADP data: The ADP employment data to be released before the US market, its insight into the labor market, can often set the tone for Friday's non-farm payroll report in advance. If the ADP data is strong, it suggests that the US job market is still hot, which may enhance the market's expectations that the Federal Reserve will maintain a hawkish stance, thereby suppressing the gold price to a certain extent; on the contrary, if the data is not as expected, the market's risk aversion may heat up, injecting upward momentum into gold bulls.
2. Tariff policy: The final implementation of the tariff policy after the US market will have a direct impact on the global trade pattern and economic outlook expectations. If the tariff policy is increased, it may cause market concerns about economic growth slowdown, prompting funds to flow to safe-haven assets such as gold; if the policy is milder than expected and the market risk appetite rebounds, gold may face certain selling pressure.
3. Key support and resistance levels
1. Support level
US$1.3110: This price is the lower edge of the recent oscillation range, playing a key role in the long-short game. It is the stop point for multiple callbacks in the early stage, and has strong psychological and technical support significance.
US$2.3100: As an integer level, it is not only the focus of market participants, but also an important support level of the Fibonacci retracement line. Once the price is touched, it is easy to trigger a concentrated entry of bulls.
2. Resistance level
US$1.3135: It is the upper edge of today's oscillation range, and it is also the turning point of yesterday's high and fall. The selling pressure of bears at this price is more obvious, forming a short-term resistance barrier.
2.3150 USD: It is near the previous high price point. A large number of locked-in orders have accumulated in this area. The short position has a strong willingness to unwind, which constitutes a strong upward resistance.
IV. Trading strategy suggestions
1. Trend trading: 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 USD, and set the stop loss below 3092 USD to effectively control the risk. The target price can be seen at 3120 USD, which is the middle position of the oscillation range. The price rebound to this point is likely to face certain resistance; if the bulls are strong, they will further look to 3135 USD and try to break through the current oscillation range.
2. Range trading: Before the 3110-3135 USD range breaks, investors can adopt a range trading strategy of high-altitude and low-multiple. When the price is close to $3135, you can arrange a short position with a light position, set the stop loss above $3140, and target around $3120; when the price pulls back to around $3110, go long, set the stop loss below $3105, and target around $3125. Please note that due to the large short-term fluctuations, it is necessary to strictly control the position and stop loss to avoid large losses due to rapid price fluctuations.
In view of the current market's drastic short-term fluctuations, the specific timing and details of the transaction operation will be tracked by a professional team in real time during the trading session to provide investors with accurate on-the-spot transaction notifications to ensure that trading decisions can closely follow market dynamics.
XAUUSD GOLD 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.