Goldintraday
Gold Trend Analysis and StrategiesFrom the daily chart, gold prices regained their upward trend after struggling to stand firm at $2,800. Any pullback at the beginning of the week is seen as an opportunity to buy on dips. It has killed shorts all the way up. Combined with fundamental news, it continues to refresh the historical high to around 2,880, further extending the space, but there is a sell-off above 2,880. Combined with the overbought divergence of bulls, it continues to fall. After breaking the 4-hour cycle middle track of 2,845, the gold rising pattern has initially changed!
At present, it is necessary to test the pressure conversion support of the previous high point near 2,830. Before breaking, the gold bull sentiment always occupies the market. At present, gold has not yet reached the bottom of the retracement. The 5-day moving average of 2830 cannot hold up. There will be another retracement next week. The closing line is above 2850, so it depends on the impact after the release of non-agricultural data.
After the risk aversion of gold eased yesterday, gold bottomed out, but the risk aversion sentiment was not fully released. Gold bottomed out and rebounded to stabilize again. The gold shorts made a false move, and the gold shorts did not continue. The gold longs reversed in a deep V, and the gold deep V basically had no major correction, which means that the gold longs are relatively strong and are likely to accelerate the rise.
Although gold fluctuated downward last night, it has now begun to bottom out and rebound. The gold longs reversed in a deep V. Gold fell back or continued to go long. After gold bottomed out, it began to maintain around 2850, and then continued to rise after a rest. So gold continued to go long after stepping back to 2850 in the Asian session.
Key points:
First support: 2850, second support: 2842, third support: 2831
First resistance: 2873, second resistance: 2882, third resistance: 2900
Operation ideas:
BUY: 2847-2850, SL: 2839, TP: 2870-2880;
SELL: 2880-2882, SL: 2891, TP: 2860-2850;
Gold XAUUSD Possible Move 06.02.2025Market Analysis: Incomplete Head and Shoulders Pattern with Breakout & Retest Strategy
Pattern Identified:
The chart presents an incomplete Head and Shoulders (H&S) pattern, which suggests a potential reversal or continuation depending on price action at key levels. The neckline of the pattern aligns with the green support zone.
Key Levels:
Resistance Zone (Red Area - ~2,872): Price has tested this zone multiple times, making it a key level for a breakout.
Support Zone (Green Areas - ~2,860 and ~2,844): These zones act as crucial demand areas, where price could either bounce or break lower.
Possible Trade Scenarios:
Bullish Breakout:
If price breaks above the red resistance (~2,872) and successfully retests it as support, this would confirm a bullish continuation.
Entry Signal: Buy after a confirmed retest with bullish momentum.
Target: Next resistance levels around 2,884 - 2,890.
Stop-Loss: Below the previous structure (~2,864).
Bearish Breakdown:
If price fails at resistance and breaks below the green support (~2,860), a bearish move is likely.
Entry Signal: Sell after a successful retest of the broken support (~2,860) as new resistance.
Target: Lower support zone around 2,844.
Stop-Loss: Above the broken level (~2,868).
Neutral Range-Bound Scenario:
If price remains trapped between 2,860 and 2,872, traders should wait for a breakout before entering trades.
Trade Signal (Based on Breakout Confirmation)
Buy Signal: If price breaks and retests above 2,872, enter long with a target of 2,884+.
Sell Signal: If price breaks and retests below 2,860, enter short with a target of 2,844.
This strategy ensures safe trading by waiting for confirmation before taking positions.
Kindly follow, comment, and like to show support.
Gold reaches new highs every day, buy after stabilizationThere is no need to analyze the technical aspects too much. If it is strong and sideways, just buy directly. Once the correction is too deep and the stop loss is hit, continue to buy at low levels. The direction is more important than the position. The daily line has been rising continuously. Since mid-December 2024, gold has been like a wild horse running away. The gold price is completely out of control. There is no guessing the top of gold. Today's NY market continues to be bullish. There is no highest, only higher. The next target of 2900 and 3000 is no longer a dream.
In the short term, pay attention to the 2830-2840 area, which has become a new strong support. The bullish trend will be maintained in the short term. The idea is to continue to be bullish if it retraces close to the support band. If the retracement is limited, then look for opportunities to buy after the hourly line adjusts and retraces. If it stops falling and stabilizes, it is an opportunity to enter the market to buy. Use support as a defensive position to arrange a buying strategy. Currently, it touched the 2848 line in 1 hour and stopped falling slightly. Then pay attention to buying near 2848, including buying directly near the current price of 2856 and lower prices, with a stop loss below 2848. If the SL is hit, continue to buy at a lower price. The most worrying thing at the moment is missing the buying opportunity.
XAU/USD 06 February 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/bias remains the same as yesterday's analysis dated 05 February 2025
As mentioned in analysis dated 04 February 2025 that price could continue bullish to bring CHoCH positioning closer to recent price action. This is how price printed.
CHoCH positioning has now changed, which is denoted with a blue dotted line.
Price is trading within an internal low and fractal high.
Intraday Expectation:
Price to indicate bearish pullback phase initiation by printing bearish CHoCH, which is denoted with a blue dotted line.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/Bias remains the same as yesterday's analysis dated 05 February 2025.
As mentioned yesterday, whereby it was stated that I will continue to monitor price. You will note I have marked the bullish iBOS in red. This is due to the fact price did not pull back enough to substantiate a further bullish iBOS as this would have significantly narrowed the internal range relative to rent price action.
Price continues to make higher highs with current ChOCH positioning denoted with a blue dotted line
Intraday Expectation:
Price to indicate bearish pullback phase initiation by printing a bearish CHoCH.
Alternative scenario:
As H4 remains in bearish pullback phase, it would be viable to consider price targeting strong internal low, priced at 2,722.215.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart :
Gold is soaring, has it reached its all-time high?Gold still maintains the trend of bullish structure in the rising channel, and the daily line hits a new record high of 2882, ending the rising streak. The upward trend has expanded to $300 since 2582 on December 19.
From the technical perspective of gold, how much upward space is there in this round of upward trend? When will the trend change? First of all, the daily and weekly RSI indicators are both at a high level close to 80 values. After the weekly chart hit a record high, the price deviated from the MA10 daily moving average, and the price was above the upper track of the Bollinger band. From the weekly and daily charts, as the increase further expands, the upward space is gradually compressed. Pay attention to the high and low after the historical high and the turning of the indicator signal after overbought. Trading ideas: Buy at a low price in the callback, but hold short-term and do not chase high prices. Pay attention to the opportunity of long-term band short at the historical high!
The short-term structure is still relatively obvious, and the strong market is rising unilaterally. The bullish buyers of gold are almost out of control. Is 2900 no longer the target in February? This frequent rise may really reach an unprecedented high of 3,000 at the beginning of 2025!
The current trend of gold is relatively resistant to declines. Without news or data catalysis, the bulls will not take profits and enter the market again for the time being. If it falls today, it will give an opportunity to adjust the low-price buying entry. Today, it is still bullish with 2,850 as the defense point. February is destined to have a historical high. Today, continue yesterday's low-price buying idea!
Key points:
First support: 2860, second support: 2852, third support: 2840
First resistance: 2878, second resistance: 2886, third resistance: 2898
Operation ideas:
BUY: 2851-2854, SL: 2842, TP: 2880-2890;
SELL: 2895-2898, SL: 2907, TP: 2860-2850;
GOLD 1H TRADING ANALYSIS FOR THE DAY / ALL TIME HIGHDear Traders,
Please seee our updated Analysis of the New Chart (5th February)
Key Observations
All orange circles represent previously achieved targets: Reflects accurate analysis and alignment with market conditions.
In this chart
TP1 (2817.55): Successfully hit.
TP2 (2837.03): Successfully hit.
TP3 (2856.51): Pending
Resistance Levels:
2845.42
Support Levels:
Key Support: 2812.
GOLDTURN Levels:
2837 (critical weighted level).
2828 (critical weighted level).
2817 (next major support level).
2807 - 2812 (lower demand zone).
EMA5 (Red Line):
Currently above TP2 (2837), indicating ongoing bullish momentum.
EMA5's position will be critical for determining future price action.
Recommendations
Focus on EMA5 Behavior:
Bullish Case:
* If EMA5 holds above TP2 (2837) and Goldturn 2837 provides support, bullish momentum will likely push the price higher to retest and achieve TP3 (2856.51).
* If EMA5 cross and lock above 2856, it will determine further bullish target to 2869
Bearish Case:
* If EMA5 cross and lock below 2837: Indicates bearish pressure, likely pushing the price towards Goldturn 2828.
* If EMA5 crosses and locks below Goldturn 2828: Expect further decline to:
Goldturn 2817 (strong demand zone and support).
* If EMA5 crosses and locks below Goldturn 2817 : Expect further decline to:
2807 - 2812 (key structural support).
Summary of Key Points
Holding above indicates bullish momentum with potential retest of 2856.51.
Breaking below leads to bearish targets at 2823, 2817, and 2807.
We will continue to capitalize on buying dips using our identified support levels, aiming for gains of 30 to 40 pips per trade. Consistent with our previous strategy, each of our structured levels typically provides reliable bounces ranging from 20 to 40 pips, offering steady opportunities for short-term profits.
Please show us support with likes, comments, and follow our channel. Don't forget to boost our post.
The Quantum Trading Mastery
Gold trading following the upward trend is the answerTrading gold with the trend is the answer. Don't be afraid of highs and don't guess the top.
Obviously, the upward trend of gold is still continuing. No one knows where gold will eventually rise, and no one knows when it will usher in a downward adjustment. We only know that the fundamentals are on the side of buyers. No matter how the short-term adjustments are made or how the market is cleaned up, it will not change the fundamental fluctuation direction. Therefore, the investment direction is very important. Breaking new highs every day, it is better to be conservative than to go against the trend. If the short position is not stopped in time during a strong rise, the result will be a liquidation.
The current daily line has risen for four consecutive trading days, which shows that the overall rhythm is still strong. With this trend, there is only one way to go long, either directly go long, if the retracement is broken, continue to go long at the low position, and break the high and go long. Going with the trend is the only way. If the retracement is 10 US dollars and the price rises by 50 US dollars, there is no need to go against the market. Don't guess the top. Pay attention to the top and bottom conversion support 2830 and 2807 positions during the day. They are both positions for retracement and long positions. If the strong sideways pattern is considered, continue to go long directly above 2830.
Today's gold trading ideas: Don't be afraid of highs and maintain long positions. Don't guess the top and reject all short positions. The idea is that the retracement to stop the decline is the time to enter the market. For intraday operations, gold will continue to be long when it retraces to the top and bottom conversion area of 2830. It is more reasonable to set the stop loss below 2830, and the target is 20 $.
Continuously breaking records, will it continue to rise?The gold price continues to run along the trend structure, the daily line continues to rise and close, the MA10/7-day moving average opens and moves up to 2788/2802, the price is on the upper track of the Bollinger Band, and the RSI indicator comes to the high value of 70 and close to 80. The price of the short-term four-hour chart continues to rise along the upper track of the Bollinger Band channel, but today we need to pay attention to the overbought divergence signal of the RSI indicator.
In view of the historical high of the market's current round of super-increase, the trend of low-long trading is changed to short-term participation, and the high-altitude cooperation assists in paying attention to the band opportunities. Today's market data small non-agricultural ADP focuses on. When will the top come? Never go all out in the investment market. Relying on guessing the top all the way against the trend will only lose all your money. We still don't blindly guess the top, and only make layouts after the signal appears or the pattern appears.
At present, gold has risen to a historical high of 2849. So for 2025, can gold continue to rise? What impact does the US situation have on the trend of gold? In my opinion, the gold price is just the beginning, the acceleration high point has not arrived, and the bulls still maintain the upward momentum!
At present, gold 2849 is not the end of this round, because the current bullish pattern is still intact. Being afraid of bulls and guarding against risks does not mean the arrival of bears. The trend is still very strong. But in terms of position, the rise today is not much, and the pattern is still very strong. The price is still rising slowly, so it is only a matter of one step to continue to break the new high. It is recommended to buy more at the low point and continue to look at the new high!
Key points:
First support: 2831, second support: 2816, third support: 2800
First resistance: 2850, second resistance: 2863, third resistance: 2870
Operation ideas:
BUY: 2822-2825, SL: 2814, TP: 2840-2850;
SELL: 2867-2870, SL: 2878, TP: 2850-2840
GOLD 12H CHART ROUTE MAP ANALYSISHello Traders,
Here’s our 12H chart analysis and target updates:
📌 Previous Chart Review
Key Resistance: Identified 2,790 as a critical resistance level, anticipating a potential reversal.
Buy Signal: Recommended waiting for EMA5 to cross and hold above TP1 (2,745) as confirmation for a bullish move toward TP2 (2,786) & TP3 (2,826).
Dynamic Support: Highlighted the FVG zone (2,745) as a key support area.
📊 Outcome
✅ All targets and entry levels (marked with Golden Circles) were achieved as predicted.
✅ EMA5 crossed above TP1 (2,744), leading to TP2 (2,786) being achieved.
✅ Resistance at 2,790 was broken.
❌ TP3 was nearly reached but reversed after EMA5 failed to cross and hold above TP2 (2,786).
🔍 What’s Next for GOLD?
The daily candle closed above TP2 (2,786), but EMA5 failed to sustain above it.
This suggests a potential short-term reversal.
📉 Key Levels
📌 Support: Strong support expected from the FVG zone and Gold Turn Levels (2,770, 2,745 & 2705).
⚠️ Downside Risks
If EMA5 crosses and holds below 2,770, the next target shifts to 2,745.
If EMA5 crosses and holds below 2,745, the downside extends toward 2,705 (Retracement Range).
📈 Bullish Path
A bounce from support could retest TP2 (2,786) and potentially extend toward TP3 (2,826).
📌 Trading Recommendations
🔹 Short-Term Trades:
Utilize 1H and 4H timeframes to capitalize on dips at Gold Turn Levels, targeting 30–40 pips per trade.
Focus on shorter positions in this range-bound market to navigate volatility.
🔹 Long-Term Bias:
We remain bullish and view pullbacks as buying opportunities.
Buying dips from our marked levels provides better risk management rather than chasing tops.
📢 Final Note
Trade with confidence and discipline—our precise analysis ensures you’re well-equipped to navigate the market. Stay tuned for daily updates and multi-timeframe insights.
Best regards,
📉💰 The Quantum Trading Mastery
Waiting for buy confirmation above 2800. See below for analysisThe overall bottoming and rebounding trend of gold at the beginning of the week has undoubtedly laid a strong foundation for the bulls. It is understandable that the next step-back trend is bullish, but since the price fell after rising in the late trading and closed below 2820, I think it is necessary to make a short-term decline judgment on the intraday market trend.
From the current market, the daily chart shows three consecutive increases. The price at the beginning of the week effectively ran above the short-term moving average, and led the short-term moving average to rise. The Bollinger Bands opened upward as a whole. When other periodic indicators remain in a bullish arrangement, coupled with the upward movement of the macd indicator golden cross, it should be beneficial for the bulls to pull up in the short term, so the daily line is bullish as a whole.
In terms of 4 hours, the gold price fell after rising. The current price is still hovering above the short-term moving average, and the middle track of the Bollinger Bands also extends upward. Therefore, it can be judged that the short-term downward space of the gold price is limited. Although the macd indicator is golden cross, the upward potential is insufficient. Therefore, the overall 4-hour level can wait for the bulls to counterattack again after the decline adjustment.
For the lower support of gold, pay attention to the 2800 area. The movement above 2800 will help the bulls to test and break through 2830. If the bears take 2800, focus on the 2800-2795 area, which is the dense support area of the current technical pattern, so when the gold price approaches or touches it, you need to decisively arrange to buy.
For the upper resistance, pay attention to the vicinity of 2830. If the gold price stabilizes above 2808 during the day, the short position can only find an opportunity to participate when the resistance is touched for the first time, and be prepared for a long breakthrough at any time. If the gold price breaks the 2808 support first, then the possibility of breaking through 2830 during the day will be ruled out. At that time, it is necessary to arrange the short position at 2820 or above!
Key points:
First support: 2808, second support: 2800, third support: 2792
First resistance: 2823, second resistance: 2838, third resistance: 2850
Operation ideas:
BUY: 2802-2805, SL: 2793, TP: 2830-2840;
SELL: 2845-2848, SL: 2857, TP: 2810-2800;
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK1H Trading Analysis - The Quantum Trading Mastery
Hi Traders,
We successfully reached TP1, TP2, and TP3 in our previous 1H chart analysis. Below are the updated levels and targets for the coming week.
Market Overview
Gold reached an all-time high at 2,817, and is currently trading between two key levels, with a gap above 2,817 and a gap below 2,778. As seen on the chart, EMA5 crossed and locked below the KEY LEVEL of 2,796, and TP1 has just been hit. To further validate the price direction and range, we’ll monitor EMA5 at various target levels, along with the GoldTurn support levels.
What’s Next for GOLD in the 1H Timeframe?
A resistance level has formed at 2,817. EMA5 failed to cross and lock above this point, triggering a reversal. The FVG might reinforce another resistance level, pushing prices further down towards TP2 (2,761). Additionally, EMA5 crossing below MA21 and MA50 signals a bearish trend.
Key Levels
* Resistance Zones: The FVG resistance at 2,782–2,888 is expected to push prices down to TP2 (2,761).
* Support Levels: Strong support is anticipated at Gold Turn Levels around 2,778, 2,761, 2,744, and 2,740 (Retracement Range).
⚠️ Downside Risks
* If EMA5 crosses and holds below 2,778, the next target is 2,761.
* If EMA5 crosses and holds below 2,761, the downside extends toward 2,744.
* A break below 2,744 could drive prices down to 2,740 (retracement range).
📈 Bullish Path
A bounce from support levels could trigger a retest with potential upside.
* If EMA5 crosses and holds above 2,778, the next bullish target is 2,796.
* If EMA5 holds above 2,796, the upward extends to 2,807.
* A further break above 2,807 could push prices upward to 2,819.
🔹 Long-Term Outlook
Our bullish bias remains, viewing pullbacks as opportunities to buy.
Buying dips from key levels offers better risk management rather than chasing tops.
Final Thoughts
Trade with confidence and discipline—our detailed analysis ensures you're equipped to navigate market fluctuations. Stay tuned for daily updates and multi-timeframe insights.
Best regards,
📉💰 The Quantum Trading Mastery
XAUUSD: 3/2 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 2850, support below 2746
Four-hour resistance 2817, support below 2790
Gold operation suggestions: Last Friday, the overall technical side of gold prices continued the trend of strong bullish rise and breaking new highs. The Asian and European sessions fluctuated sideways above 2790. The European session accelerated the rise and broke through the 2800 integer mark to reach 2805 and continued to fluctuate strongly. The US session accelerated the high and pierced the 2817 mark and fell under pressure to close strongly. Today, Monday's opening continued the retracement adjustment before the close of last Friday. Below, we continue to pay attention to the first-line support near 2746. If the retracement does not break, we can find opportunities to enter long orders.
Today's Asian session opened with a deep retracement confirmation. If the intraday retracement to 2746 does not break, the bullish trend remains unchanged. On the contrary, if the gold price falls below 2746, it is expected to usher in a daily level turning adjustment. The upper strong resistance pressure focuses on the vicinity of 2818-20. The overall market continues to rely on this range to maintain high selling and low buying, and patiently wait for key points to enter the market.
BUY:2765near SL:2760
BUY:2800near SL:2785
SELL:2818near SL:2823
Technical analysis only provides trading direction!
XAU/USD 31 January 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has finally printed a bullish iBOS followed by bullish BOS according, and in-line with previous analysis.
Price has printed a bearish CHoCH to indicate, but not confirm bearish pullback phase initiation.
Price is now trading within an established internal range, however, I will continue to monitor this due to CHoCH positioning so close to recent price action.
Intraday Expectation:
Price to continue bearish to complete it's pullback phase. Technically price should trade down to either discount of internal 50% EQ or H4 demand zone before targeting weak internal high priced at 2,801.010.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis/Bias was accurate with price targeting weak internal high.
Price is now trading within an established internal range, however, I will continue to monitor as price has previously printed a bearish CHoCH and continue higher with very minimal pullback.
Intraday Expectation:
Price to continue bearish, react at either discount of internal 50% EQ, or H4/M15 demand zone before targeting weak internal high priced at 2,801.010.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart :
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAP UPDATEDHello Everyone,
Here’s the latest update on the GOLD weekly chart we’ve been closely monitoring and trading. Below is a detailed overview of the current range we've been tracking for an extended period.
Previously, we identified a strong resistance level at 2790, which we highlighted as a potential trigger for a reversal. At that time, we recommended holding off on trades since the price was prone to reverse at any moment. Additionally, we mentioned that if EMA5 crosses and holds above the ENTRY LEVEL at 2735.35, it would signal a buy opportunity with a target at TP1. However, the EMA5 has not crossed this level yet, and we are still waiting for confirmation.
Our analysis played out perfectly. There were multiple break attempts into the channel, but EMA5 failed to cross the ENTRY LEVEL, confirming rejection as anticipated.
This week started with a significant bounce on Monday, with the FVG providing solid support in the 2730-2735 range. This support could potentially help the price make another attempt to cross the resistance level. However, we will wait for confirmation by seeing if EMA5 crosses and holds above 2735.
For more details, check our smaller timeframes for a deeper insight.
Please follow our channel, and don’t forget to show your support by liking, commenting, and following.
The QUANTUM Trading Mastery
12H GOLD CHART ANALYSIS ROUTE MAP UPDATEHello Everyone,
Here’s the latest update on the GOLD 12h chart Analysis we’ve been monitoring and trading. Below is a comprehensive breakdown of the current range we’ve been tracking.
However we now have Candle body closing above TP1 (2765) with a gap at 2826. Now we will need ema5 cross and lock above TP1 (2765) to further confirm next bullish target. Otherwise if ema5 rejects this level, price will bounce for MA21 correction or further down to ENTRY LEVEL (2705). We need to look and watch this area carefully.
Now we will have to wait and see the reaction of ema5 either it cross and lock above TP1 (2765) or below, then it will confirm the next direction.
Key Updates:
Strong Resistance level at 2790.
12H chart- MA21 correction is DUE
Key Updates:
Bullish Targets:
TP1: 2765
TP2: 2826
TP3: 2877
If EMA5 cross and love above ENTRY LEVEL at 2765, the next bullish target is TP2 (2826).
If EMA5 crosses and locks above TP2 (2826), it will open the bullish target to TP3 (2877).
Bearish Targets:
TP1: 2708
TP2: 2664
TP3: 2626
If EMA5 reject to cross and lock above 2765 and reverse below this level, it will open bearish target to 2708
If EMA5 cross and lock below ENTRY LEVEL at 2705, the next bearish target will be 2664.
If EMA5 cross and lock below 2664, the next bearish target will be 2626
Short-Term Strategy:
We will use smaller timeframes (1H and 4H charts) to buy dips at weighted levels, aiming for clean 30-40 pips per trade. Ranging markets are ideal for this strategy, avoiding longer holds that risk being caught in volatile swings.
Long-Term Bias:
Our long-term outlook remains Bullish, and we view drops as opportunities to buy dips, using our predefined levels and setups on smaller timeframes.
The QUANTUM Trading Mastery
Short gold again after rebounding to 2750-2760 zoneGold has currently retraced to the 2741 level, triggering significant profit realization for our positions. Since gold rallied above 2770 last week, I have consistently maintained a bearish stance, anticipating profit-taking and sell-offs driven by market sentiment. Our short positions have once again delivered substantial returns.
This morning, we initiated long positions near the 2756 level and closed them at 2770, securing an easy profit of 140 pips. As gold approached 2770, I explicitly shared in my previous analysis that if gold failed to decisively break through the 2770-2775 range, I would switch to shorting. Thus, after closing the long positions, I reversed my position and shorted gold near 2770. Gold has since declined as expected to around 2741. Although we closed our short positions near 2753, capturing a profit of 170 pips, I am still satisfied with this result. It's been a strong start to the week's trading!
Currently, gold has bottomed out around 2740. I do not recommend chasing shorts at this level, as the 2740-2730 zone provides notable technical support, which could potentially drive a rebound to the 2750-2760 range. For those looking to short gold further, it’s advisable to wait for a rebound to the 2750-2760 region before executing short trades. Alternatively, a moderate long position could be considered, with a short-term target set between 2750 and 2760.
Bros, have you followed me to do short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Gold still BullishExpect Gold to Touch or Break ATH and go around 3000$ mark in upcoming months. Not a time to sell GOLD
Keep shorting gold, target 2730-2720Dear traders,
During today’s retracement, gold reached an intraday low near 2736 before rebounding above 2750. Will gold continue its upward momentum?
In my opinion, the recent pullback to the 2736 level is far from sufficient to establish a complete correction. Although gold has rebounded above 2750, it has yet to break yesterday’s high. If a lower high forms near the 2760 technical resistance zone, gold is likely to maintain its current downward trend. Furthermore, the formation of a single candlestick with a long lower shadow on the lower timeframes does not constitute strong and reliable support, which suggests limited upside potential. This rebound could also serve as a bull trap, enticing buyers before resuming the decline.
From a short-term trading perspective, I continue to advocate for shorting gold, targeting the 2730–2720 support zone. Bros, are you still optimistic about the decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
"Gold (XAU/USD) Approaching Key Resistance: Awaiting Bearish RevBased on the chart:
- **Trend Analysis**: Gold is trading within an upward channel, indicating a bullish trend in the medium term.
- **Current Price Action**: The price is nearing the channel's upper boundary, which may act as resistance. A potential rejection could lead to a correction toward the channel's lower boundary.
- **Key Levels**:
- Resistance: Around 2,760–2,765.
- Support: The lower boundary of the channel is near 2,730.
- **Bearish Scenario**: A confirmation of bearish reversal (e.g., bearish candlestick patterns or a lower high) could signal a move toward the midline or lower boundary of the channel. A break below 2,750 would strengthen the bearish case.
- **Bullish Continuation**: If the price breaks above the upper channel resistance, further bullish momentum might drive it toward higher levels.
It is advised to wait for a clear **bearish confirmation** at resistance before shorting to align with the channel's trend dynamics.
Continue to be bullish and wait for lows to buyGold prices continue to maintain a bullish trend structure intact. Today, we will follow the trend to find the low point to participate in buying. The daily line continues to rise strongly. The MA10/7-day moving average keeps opening upward and gradually moves up to 2702/2714. The Bollinger band opens upward and the RSI indicator turns upward. The short-term four-hour chart maintains a continuous new high and breaks through the 2740 mark. The moving average system keeps opening upward, the price runs along the upper track of the Bollinger band, and the RSI indicator reaches above 70. It is necessary to pay attention to the overbought situation before the US market today. Today's trading idea is to follow the trend and buy at a low price!
After the gold breakthrough, the gold bulls restarted. Now the bulls are still strong. The decline is an opportunity to go long. Gold has been rising all the way, and the gold bulls continue to be strong. The Asian market has fallen back and continued to go long. There is still room for gold bulls to go up.
Gold's 1-hour moving average continues to diverge upwards, and it is still the main field of bulls. The second highest point of gold, 2733, is now short-term support. Gold will continue to buy on dips when it falls back to 2733 in the Asian session. Don't rush to buy in the Asian session, and wait patiently for the opportunity to fall back. After all, gold is now far away from the moving average support. Wait patiently for the callback in the short term to continue to buy.
First support: 2740, second support: 2733, third support: 2726
First resistance: 2758, second resistance: 2766, third resistance: 2774
Operation ideas:
BUY: 2733-2735,
SELL: 2768-2770,
First attempt to short goldDear traders
Yesterday I consistently maintained that gold would reach the 2740-2750 target zone, and as expected, gold has now hit that target.Today, the plan was to buy gold again if it retraced to the 2715-2710 zone, but gold did not retrace to this area, so we didn’t get the opportunity to enter a long position.
Gold is clearly in a bullish trend, with strong upward momentum. However, since gold is currently near 2740, I am hesitant to enter a long position directly. I am cautious because if gold retraces from here, I could get trapped at high levels. I believe many market participants share my sentiment and are reluctant to buy gold at these elevated levels.For the market to increase liquidity or for gold to consolidate and accumulate more bullish momentum for a continuation of the upward trend, a short-term pullback is necessary.
Therefore, in the short term, I believe we can look to initiate a short position in the 2740-2750 zone, anticipating a corrective move in gold's price action.Bros, do you expect gold to retrace in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
