The long-short game of gold has entered a critical stage!
On Monday (July 21), spot gold (XAU/USD) continued its mild rise last Friday and continued to put pressure on the upper edge of the oscillation range of 3375-3385. The weak dollar is still the main driving force, and the market's wavering expectations for the Fed's rate cuts have made gold caught in a dilemma between safe-haven demand and interest rate prospects.
[Current situation: strong wait-and-see sentiment]
Gold is now like a hesitant gambler - afraid of missing the rise, and afraid of standing guard at a high level. The policy uncertainty of the Trump administration has brought safe-haven buying, but strong US economic data has poured cold water from time to time. The long and short sides have repeatedly pulled in the box of 3375-3310, and no one is willing to give up easily.
[Technical side: the wedge is narrowing, and the market is about to change]
Daily level: MACD golden cross appears, the adjustment seems to be coming to an end, and a new round of rise is ready to move.
4-hour level: The price is running in the rising wedge channel. 3385 is the short-term key pressure. If it breaks through, it will look to 3400; if it falls back after encountering resistance, it may test the support of 3345-3350 again.
1-hour level: Short-term strength, but be wary of the pullback in the European session. If 3350 holds, the US session may rise again.
[Operation strategy: high-altitude and low-long, wait for a break]
✅ Aggressive short order: 3374-3378 light position to try short, stop loss 3385, target 3355-3345 (if it does not fall before the US session, leave the market).
✅ Steady long order: 3345 can be shorted if it does not break, stop loss 3338, target 3360-3370 (if it falls below 3340, give up).
⚠️ Breakout strategy:
Break 3385 → retrace 3375 and follow the long, target 3400.
Break down 3340 → pull back to 3350 and short, target 3320-3310.
[Final reminder]
Gold is now like a compressed spring, it may explode at any time. But remember - before the direction is clear, don't be cannon fodder! Patiently waiting for the key position to break through is much more reliable than blindly chasing the rise and fall.
On Monday (July 21), spot gold (XAU/USD) continued its mild rise last Friday and continued to put pressure on the upper edge of the oscillation range of 3375-3385. The weak dollar is still the main driving force, and the market's wavering expectations for the Fed's rate cuts have made gold caught in a dilemma between safe-haven demand and interest rate prospects.
[Current situation: strong wait-and-see sentiment]
Gold is now like a hesitant gambler - afraid of missing the rise, and afraid of standing guard at a high level. The policy uncertainty of the Trump administration has brought safe-haven buying, but strong US economic data has poured cold water from time to time. The long and short sides have repeatedly pulled in the box of 3375-3310, and no one is willing to give up easily.
[Technical side: the wedge is narrowing, and the market is about to change]
Daily level: MACD golden cross appears, the adjustment seems to be coming to an end, and a new round of rise is ready to move.
4-hour level: The price is running in the rising wedge channel. 3385 is the short-term key pressure. If it breaks through, it will look to 3400; if it falls back after encountering resistance, it may test the support of 3345-3350 again.
1-hour level: Short-term strength, but be wary of the pullback in the European session. If 3350 holds, the US session may rise again.
[Operation strategy: high-altitude and low-long, wait for a break]
✅ Aggressive short order: 3374-3378 light position to try short, stop loss 3385, target 3355-3345 (if it does not fall before the US session, leave the market).
✅ Steady long order: 3345 can be shorted if it does not break, stop loss 3338, target 3360-3370 (if it falls below 3340, give up).
⚠️ Breakout strategy:
Break 3385 → retrace 3375 and follow the long, target 3400.
Break down 3340 → pull back to 3350 and short, target 3320-3310.
[Final reminder]
Gold is now like a compressed spring, it may explode at any time. But remember - before the direction is clear, don't be cannon fodder! Patiently waiting for the key position to break through is much more reliable than blindly chasing the rise and fall.
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.
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.