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Gold Maintains Bullish Momentum – Eyes $3,400📊 Market Summary: Gold surged past the $3,385 resistance to reach a new high at $3,390, driven by weaker-than-expected ISM Services PMI data. The U.S. dollar softened and Treasury yields dipped, fueling the rally. However, after hitting the peak, some profit-taking emerged, causing gold to pull back slightly and currently trade around $3,383. ________________________________________ 📉 Technical Analysis: • Key Resistance: $3,390–$3,395 – short-term local high. If this zone breaks, the next target is $3,400+. • Nearest Support: $3,380, followed by the previous breakout level at $3,365, both likely to act as support during any pullback. • EMA 09 (Daily): Price remains above the 9-day EMA, confirming the continuation of the short-term uptrend. • Momentum / Volume / Candlestick: RSI is holding above 60 – bullish. However, a long upper wick near $3,390 suggests short-term selling pressure or hesitation. ________________________________________ 📌 Outlook: Gold is showing bullish momentum, with the uptrend confirmed after breaking above $3,385. If price holds above $3,380, there's a strong possibility of testing the $3,400 level. However, a failure to sustain above this zone could lead to a retest of $3,365. ________________________________________ 💡 Suggested Trade Strategy: 🔺 BUY XAU/USD : $3,380–$3,383 🎯 TP: 40/80/200 pips ❌ SL: $3,377
OANDA:XAUUSDLong
by Mian-FXSignals
4
Gold continues its upward trend. A strong week ahead?Gold's technical outlook on the daily chart maintains a bullish structure, with prices trading within the upper middle Bollinger Bands. The 7-day and 10-day moving averages have formed a golden cross, and the RSI indicator is trading above its mid-axis. The short-term 1-hour chart shows prices trading within the upper middle Bollinger Bands, with the moving averages forming a golden cross and the RSI indicator pointing upwards. Quaid believes that the trading strategy for Wednesday remains unchanged, with the main focus on low-level long positions during pullbacks, supplemented by high-level short positions. Gold initially fell before rising on Tuesday, breaking through the intraday high and touching the 3390 level. It closed with a doji with upper and lower shadows. The current bullish trend remains intact, with the moving averages in a bullish formation. However, the 4-hour chart is approaching the acceleration line, creating downward pressure. This suggests a short-term bullish risk zone, and it is advisable to avoid buying at high levels. The hourly chart showed a sideways trend, closing below the upper line. While it hasn't broken below the moving average, the indicator has turned. Therefore, based on the overall market trend today, Quaid believes there's a high probability of further upward movement after a correction. Trading Strategy: Long at 3355-3360, stop loss at 3345, profit range 3380-3400; Short at 3390-3395, stop loss at 3405, profit range 3360-3350; Key Points: First Support Level: 3370, Second Support Level: 3360, Third Support Level: 3350 First Resistance Level: 3390, Second Resistance Level: 3400, Third Resistance Level: 3410
FX:XAUUSDLong
by quaid_2
Gold has bottomed out and rebounded. Where will the high point bGold has currently hit a low near 3350, rebounding from the bottom and now rising to around 3390. Looking at the 1-hour chart: The most critical upward level is currently around 3390. If the price breaks through this level and stabilizes above it, the late July high of 3430 could be revisited. Conversely, if it remains below 3390, the overall range will remain between 3350 and 3390. Secondly, looking at the 4-hour chart, we can see that the trend line resistance level is also currently around 3390. If the price stabilizes above 3390, the upper 4-hour chart could directly reach the 3400-3410 range. If the price holds above 3410 again, the next target would be around 3450.
FX:XAUUSD
by quaid_2
Gold Breaks Support – Risk of Pullback Toward $3,310📊 Market Summary: Gold prices initially rose on weaker-than-expected U.S. jobs data, which lowered Treasury yields and weakened the U.S. dollar. However, after breaking the key support at $3,365, gold continued to decline toward $3,354, and briefly touched $3,352, signaling rising technical selling pressure. Despite a 92% market expectation for a Fed rate cut in September, the technical breach increases the risk of a deeper correction. 📉 Technical Analysis: • Key Resistance: Around $3,365–$3,370 – this zone now acts as short-term resistance; stronger resistance lies at $3,375–$3,380 if prices recover. • Nearest Support: The $3,365 level was broken. New support is seen at $3,352–$3,350; a continued drop may bring prices to $3,335, and possibly toward $3,310–$3,300. • EMA 09: Price is now below the 9-day EMA, suggesting a short-term bearish trend. • Momentum / Volume / Candlestick: RSI is near 50, slightly bearish; volume is tapering on the downside, indicating distribution. Early signs of a head-and-shoulders (H&S) pattern are developing. 📌 Outlook: Gold may continue declining in the short term if it stays below the $3,350–$3,352 zone. A further drop toward the $3,335 – $3,310 region is possible. If price rebounds and closes above $3,365, the bearish momentum could be neutralized. 💡 Suggested Trade Strategy: 🔻 SELL XAU/USD : $3,355–$3,358 🎯 TP: 40/80/200 pips ❌ SL: ~$3,361 🔺 BUY XAU/USD : $3,305–$3,302 (if price pulls back deeper) 🎯 TP: 40/80/200 pips ❌ SL: ~$3,299
OANDA:XAUUSDShort
by Mian-FXSignals
XAU/USD 05 August 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. You will note that price has targeted weak internal high on three separate occasions which has now formed a triple top, this is a bearish reversal pattern and proving this zone is a strong supply level. This is in-line with HTF bearish pullback phase. Remainder of analysis and bias remains the same as analysis dated 23 April 2025. Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS. The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price. As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish. Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Extends Gains as USD Weakens📊 Market Overview: Gold prices are extending their gains during the Asian and European sessions today, as the US dollar weakens following weaker-than-expected US jobs data. Rising unemployment and a softer Non-Farm Payroll report boosted expectations that the Fed may cut interest rates in September. The US 10-year Treasury yield also dipped slightly, supporting gold's safe-haven appeal. 📉 Technical Analysis: • Key Resistance: $3,385 – $3,390 • Nearest Support: $3,365 – $3,370 • EMA: Price is trading above the EMA 09, indicating a short-term bullish trend • Candles / Volume / Momentum: H1 candles show steady buying pressure with stable volume, but we should monitor potential profit-taking if price nears the $3,390–$3,400 zone. 📌 Outlook: Gold may continue to rise in the short term if USD weakness persists and bond yields stay low. However, failure to break above $3,390 could lead to a pullback toward support levels. 💡 Suggested Trading Strategy: 🔺 BUY XAU/USD: $3,365 – $3,368 🎯 TP: 40/80/200 pips ❌ SL: $3,362 🔻 SELL XAU/USD : $3,392 – $3,395 (if reversal signal appears) 🎯 TP: 40/80/200 pips ❌ SL: $3,398
OANDA:XAUUSDLong
by Mian-FXSignals
Gold prices have retreated slightly. Is there an opportunity to From the daily chart: Gold prices haven't held above 3380, so the primary resistance level remains around 3385. Currently, the daily moving average support is far from the high, with support below 3340-3360. While the daily trend remains bullish, the risk of a pullback and subsequent upward movement cannot be ruled out. From the 1-hour chart, Quaid believes the price cannot fall below 3365. 3365 marked the opening high on Monday. Common sense suggests that if gold remains above 3365, it may remain at a high level for a short-term consolidation. Thus, today's focus is on the key level of 3365. If the price doesn't fall below this level, consider going long at this level, waiting for a profit after another rally to the resistance range, and then shorting within the key resistance range.
FX:XAUUSD
by quaid_2
Gold is fluctuating at a high level. Latest analysis.On Monday, gold surged to around 3370 in the morning before retreating slightly. It fell back to support near $3345 in the European session. The dividing line between bulls and bears lies below 3340, which also marks the support level and the top-bottom reversal before the close of last Friday's non-farm payroll report. Quaid planned to go long near 3340 on Monday, but the price rebounded to 3345, halting its decline and then fluctuating sideways, preventing an entry opportunity. However, a short opportunity near 3385 was successfully implemented with a slight pullback. Although it did not reach the expected target, a small profit was achieved after the pullback to 3370. Monday showed an overall upward trend, with the closing price fluctuating at a high level, reaching a high around 3385 before retracing to confirm 3370. The overall market trend remains upward, with a temporary potential for a move to around $3400. Quaid recommends a buy-on-low strategy today. Currently, the 1-hour moving average is trending flat, and the trend of prices continuing to fluctuate at high levels cannot be ruled out. Support for Tuesday's pullback lies near 3370. The key to a renewed rally lies at 3360, also the level of resistance before Monday's US market opening. As long as this level remains intact, the overall strategy remains unchanged. Alternatively, watch for a re-break of 3385, with upside targets at 3385-3390-3400. Strategy: Long at 3360-3365, stop-loss at 3355, profit range at 3380-3400; Short at 3395-3400, stop-loss at 3410, profit range at 3370-3350; Key Points: First Support Level: 3370, Second Support Level: 3360, Third Support Level: 3350 First Resistance Level: 3385, Second Resistance Level: 3395, Third Resistance Level: 3405.
FX:XAUUSD
by quaid_2
XAU/USD(20250805) Today's AnalysisMarket News: Goldman Sachs: We expect the Federal Reserve to cut interest rates by 25 basis points three times starting in September; if the unemployment rate rises further, a 50 basis point cut is possible. Technical Analysis: Today's Buy/Sell Levels: 3367 Support and Resistance Levels: 3407 3392 3383 3352 3342 3328 Trading Strategy: If the stock breaks above 3383, consider buying, with the first target price at 3392. If the stock breaks below 3367, consider selling, with the first target price at 3352.
OANDA:XAUUSDLong
by NicolaZhu
Gold Breaks Resistance – May Target $3400 Next📊 Market Overview: • Gold continues to rally in early U.S. session as September rate cut expectations by the Fed rise due to weak jobs data. • U.S. Dollar weakens and 10Y Treasury yield falls, supporting gold. • Risk-off flows and long-term inflation concerns push safe-haven demand for gold. 📉 Technical Analysis: • Key Resistance: $3,390–$3,400 (short-term breakout zone) • Nearest Support: $3,365–$3,370 • EMA: Price is trading above EMA09 and EMA50, confirming bullish momentum • Candles / Volume / Momentum: Consecutive bullish H1 & H4 candles above $3,375 confirm breakout. Volume increasing, suggesting strong buying pressure. 📌 Outlook: Gold may continue rising toward $3,400 if current bullish momentum holds. However, short-term pullback or profit-taking near $3,395–$3,400 is possible after a rapid $50+ rally. 💡 Suggested Trade Setups: 🔺 BUY XAU/USD : $3,375–$3,378 (pullback buy) 🎯 TP: $3,395–$3,400 ❌ SL: $3,372 🔻 SELL XAU/USD: $3,397–$3,400 (countertrend short) 🎯 TP: $3,375–$3,380 ❌ SL: $3,403
OANDA:XAUUSDLong
by Mian-FXSignals
Upward movement suppressed. Price pullback?Gold prices have now perfectly reached the short-selling target range predicted by Quaid. The current 4-hour chart clearly shows that gold's current resistance level remains around 3385. Looking at the shorter 15-minute chart, gold has been slowly rising within an upward channel today. The resistance level of 3385 has not been effectively broken, and there is a high probability of a further pullback to test the 15-minute trendline. Currently, 15-minute trendline support remains around 3355-3360. Focus on this support range in the short term, as it also represents a profit-taking opportunity after shorting at the 3385 high. This level can also be considered a watershed between bulls and bears. If the price pulls back to this level and does not continue to decline, there is a high probability of another upward move at this level. However, if it falls below the 3350 trendline, the market will enter a downward trend. Good luck to everyone in the new week.
FX:XAUUSD
by quaid_2
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PEPPERSTONE:XAUEURLong
by The-Thief
Gold Continues Its Upward Momentum Despite Short-Term Pullback📊 Market Summary • Spot gold slipped slightly by ~0.1% to around $3,354–$3,361/oz due to profit-taking after last week’s sharp rally following weaker-than-expected U.S. job data • The U.S. added only 73,000 jobs in July, boosting expectations of a Federal Reserve rate cut in September, with a current market probability of around 81% • Ongoing geopolitical risks, trade tensions, and robust central bank and ETF gold demand continue to support the long-term bullish outlook ________________________________________ 📉 Technical Analysis • Key resistance: ~$3,360–$3,370/oz (short-term highs, potential profit-taking zone). • Nearest support: ~$3,330/oz (watch for buying interest on pullbacks). • EMA09: Price is currently hovering around the short-term EMA (~EMA09), still below EMA50, indicating a mild sideways bias. According to Economies.com, gold hasn’t confirmed a stable uptrend above EMA50 yet • Candlestick / volume / momentum: o Today's candle shows mild profit-taking, but momentum remains bullish from the prior session. Volume shows light distribution, not strong selling. ________________________________________ 📌 Outlook • Gold may continue rising slightly in the short term if the upcoming U.S. inflation data (due August 12) remains soft, reinforcing the likelihood of a Fed rate cut • Conversely, if the U.S. dollar strengthens unexpectedly or new data comes out more robust, gold could retreat back to the $3,330 zone. ________________________________________ 💡 Suggested Trading Strategy SELL XAU/USD : $3,370–$3,373 🎯 TP: 40/80/200 pips ❌ SL: $3,377 BUY XAU/USD : $3,330–$3,333 🎯 TP:40/80/200 pips ❌ SL: $3,327
OANDA:XAUUSDLong
by Mian-FXSignals
Gold prices fluctuate. Bullish theme?From a technical perspective, gold prices have retraced above key moving averages, and the RSI has turned bullish. Short-term resistance for gold is near 3370. Can gold continue its sharp rise this week? Will there be a new rise? This depends on the performance of risk aversion in the market this week. Quaid believes that 3330 is the watershed between bulls and bears at the beginning of the week. As long as the market is bullish, this level must not be broken. If it is broken, the gold trend will directly turn weak. Whether this week's daily moving average can continue to rise is key to triggering a bullish trend in gold. From the 4-hour chart, pay attention to the range pressure position of 3370-3375 on the upper side, and the support on the lower side is around 3330-3335. If the price falls back at the beginning of the week, it can be bullish based on this position. The short-term bullish strong dividing line should pay attention to this range.
FX:XAUUSD
by quaid_2
1
Gold prices soar to new highs!Market News: Spot gold prices fluctuated at high levels in early Asian trading on Monday (August 4), currently trading around $3,349 per ounce. Gold prices surged by over 2% last Friday (August 1), reaching a weekly high. This is due to the fact that US July non-farm payroll data fell far short of expectations, increasing the likelihood of a Federal Reserve rate cut. Furthermore, Trump's new round of tariff announcements has fueled safe-haven demand. Global economic uncertainty, a weakening US dollar, and rising expectations of a Fed rate cut have all provided strong momentum for the rise in international gold prices. Against the backdrop of continued global economic uncertainty, gold's appeal as a safe-haven asset is expected to further increase. Investors should closely monitor market trends to seize potential opportunities. This trading day, attention should be paid to the US June factory orders monthly rate and continued monitoring of news related to the international trade and geopolitical situation. Technical Analysis: From a macro perspective, the monthly chart shows four consecutive long upper shadows and three dojis. This high-level doji formation in an uptrend is overwhelming, prompting caution in buying and caution in the market. Be wary of potential sell-offs in the future. We have repeatedly emphasized the importance of the monthly gold chart in recent months! On a weekly basis, gold bottomed out and rebounded last week, hitting the middle support band and rebounding. Prices remain within the range, currently shrinking to 3268-3438. The Bollinger Bands continue to close, while the MA5 and MA10 levels remain in a volatile pattern. A unilateral trend still needs time to develop. On a daily basis, there was an extreme rally on Friday night, with the daily chart closing with a large real bullish candlestick. The price directly broke through the short-term moving average and the middle support band, forming a strong Yang-enclosing-Yin pattern. This is a positive bullish signal. So, is it a good time to buy on Monday? I personally don't recommend buying directly from high levels. Gold rebounded from 3268, surging nearly $100 over two trading days without a significant pullback. Even if there was a pullback on Thursday, it was a single-digit pattern, which doesn't provide solid support for a bullish rally. Therefore, I don't recommend chasing long positions. Instead, watch for a potential sell-off after a rally. Focus on resistance at 618 and resistance near 3376, a previous top-bottom reversal. Looking at gold on both the 4-hour and hourly charts, the Bollinger Bands are showing signs of opening after last Friday's surge. However, it's important to note that such surge-like openings are generally not sustainable, and will close again upon retracing technical indicators. The 4-hour candlestick chart is currently trading above the upper band, no longer favoring a buy-now-up move. The 1-hour moving average is blunting, and the upper band of the Bollinger Band is about to close. Overall, while gold is strong, it's best not to chase the bulls. Focus on selling opportunities on rallies today, and then consider a bullish move after a pullback. Trading strategy: Short-term gold: Buy at 3330-3333, stop loss at 3322, target at 3360-3380; Short-term gold: Sell at 3375-3378, stop loss at 3387, target at 3340-3320; Key points: First support level: 3342, second support level: 3330, third support level: 3316 First resistance level: 3376, second resistance level: 3388, third resistance level: 3400
OANDA:XAUUSDLong
by NicolaZhu
Will the bull market continue? A sense of crisis.Can gold continue last week's rally? Will it be another flash in the pan? In early Asian trading on Monday, gold rose to 3370 before falling slightly to around 3345 and currently fluctuating around 3360. On Monday, focus on the 3340-3335 area. This was support before last Friday's rebound, and it also served as a key resistance level that has now become a support point. After last week's strong performance, don't rush into buying. Wait for a pullback to confirm the trend, or for an upward breakout in the European session before considering entering the market before the US market opens. In volatile markets, try to control the pace and avoid frequent in-and-out moves. The 4-hour chart shows that gold is currently facing resistance near 3370, but this strong upward move is likely to correct in the European session, preparing for a subsequent secondary rally. This period has been range-bound, not a strong, one-way trend. Even if bullish, don't chase the market; wait for confirmation after a pullback before taking action. Quaid believes that support today lies in the 3340-3335 range. A pullback near this area is a good opportunity to go long. The early Asian session's surge is a continuation of last Friday's bullish trend. The 3340-3335 area served as support before Friday's final rally and a key level for top-to-bottom reversals. If the price breaks through 3370 and stabilizes above it, it could potentially reach 3375-3385. However, after reaching the high, Quaid believes a pullback is highly likely, with a focus on the 3330-3310 area. Trading Strategy: Go long near 3330, stop-loss at 3320, and profit range at 3360-3370. Short near 3375, stop-loss at 3385, and profit range at 3330-3320-3310.
FX:XAUUSD
by quaid_2
Gold prices are fluctuating. Is a correction coming?Gold surged last Friday, directly breaking through multiple moving average resistance levels. This trend is quite strong. Currently, the 5-day moving average has turned upward, indicating short-term upward momentum; however, the 10-day moving average remains slightly downward, indicating some divergence in the short- and medium-term trends. The 20- and 30-day moving averages have flattened. Overall, the short-term moving averages are less reliable, making it difficult to clearly predict the precise short-term trend based on them. Since mid-May, gold has been fluctuating widely at high levels. Within this trend pattern, continued monitoring of fluctuations within this broad range is warranted. Until a major trend breakout occurs, the overall approach should be to maintain a volatile outlook and avoid prematurely declaring a unilateral trend. The upper resistance level is around 3375, which has been repeatedly suppressed during previous price fluctuations. Focus on support in the 3340-3335 area below. This marks the low point after last Friday's sharp rise. The market has stabilized in this area and continued its upward trend. If the decline is significant, the 3300 round-number resistance level will need to be monitored. Trading strategy: For aggressive trading, short around 3375 with a stop-loss at 3385 and a profit range of 3345-3335.
FX:XAUUSD
by quaid_2
Interest rate cuts intensify. Will gold break out?No noteworthy news events occurred this weekend. So, we'll have to wait and see how the market interprets gold's trajectory at the start of next week. From the 4-hour chart, the first thing we can confirm is that the 3363 level is unlikely to be the high point of this pullback. Because Friday's non-farm payroll report re-priced expectations for a rate cut, Friday's figures were merely a reaction from the US market. Furthermore, after hitting 3355, the price retreated slightly to 3340 before embarking on a second wave of gains. The Asian and European markets were closed at the time, so when Monday opens, the Asian and European markets will likely also interpret expectations for a rate cut and the impact of the non-farm payroll data on the market. Therefore, gold is likely to continue its upward trend next Monday. Currently, the first resistance level is around 3375-3380. It's uncertain whether this resistance can be overcome, but if it breaks through and stabilizes above 3380, it's likely to continue to move towards 3400. On the other hand, if 3375-3380 holds strong resistance, a retest of Friday's retracement lows of 3330-3340 is possible. Thus, avoid blindly shorting at the opening of next week. If the market retraces back to around 3330, then a long position is possible. If the market opens directly testing the upward pressure level, then do not chase the long position, as there is a possibility of a pullback at the pressure level.
FX:XAUUSD
by quaid_2
1
**"Gold Price Rebounding from Support:Potential Move Toward 3436This chart shows the **price movement of Gold (XAU/USD)** on a **daily timeframe**. ### Key Points: * **Support Zone** : Around **\$3,266**, this is the area where price has bounced up multiple times, meaning buyers step in here. * **Resistance Line**: Around **\$3,436**, this is the level where price has been rejected before, meaning sellers are strong here. * **Current Price**: Around **\$3,293**. ### What the Chart Suggests: * Price is near the **support** zone again. * If the support holds, the green arrow shows a possible move **upward**. * Price may first move up slightly, pull back, and then try to **break above resistance** at \$3,436. Gold is in a sideways range. It's near a strong support level and might go up from here toward the resistance level, as shown by the green line.
CAPITALCOM:GOLDLong
by jasromana61
Will prices stage a comeback? Continue their upward trend?Information Summary: Market participants currently expect the Federal Reserve to cut interest rates twice before the end of the year, starting in September. Earlier this week, the Fed maintained interest rates at 4.25%-4.50%. Powell stated that it was too early to determine whether a September rate cut would occur, citing the need to monitor inflation and employment data. Market Analysis: Looking at the 4-hour and 1-hour charts, gold's Bollinger Bands are showing signs of opening upward after Friday's sharp rise. However, it's important to note that a surge-like top opening typically lacks sustainability, and the Bollinger Bands will close again after returning to technical levels. Currently, prices are trading above the upper band, which is not conducive to a direct rise. The 1-hour chart shows a blunting of the moving averages, and the upper Bollinger Band is about to close. Overall, while gold is strong, it's not appropriate to be overly bullish. Focus on shorting opportunities next Monday, and then consider a bullish outlook after a price correction. In the short term, focus on resistance in the 3375-3385 range above, and support in the 3345-3335 range below, followed by support near 3315. Trading Strategy: Short around 3365-3375, stop loss at 3385, profit range 3345-3335-3315; Go long on a pullback to 3335-3340, stop loss at 3325, profit range 3350-3360;
FX:XAUUSD
by quaid_2
Has a bull market started? In-depth analysis.Friday's non-farm payroll report was unexpectedly disappointing, sending gold soaring. Data released by the U.S. Department of Labor on Friday showed that non-farm payrolls added only 73,000 jobs in July, far below market expectations of 100,000. The weak employment report quickly shifted market sentiment regarding the Federal Reserve's policy path. Market expectations for a September rate cut have soared to 75%, with another cut expected before the end of the year. This shift has provided strong support for gold prices. Amidst persistent inflationary pressures and disappointing employment data, a Fed rate cut would be a substantial boon for gold. Friday's data triggered a sharp rise in gold prices on the daily chart, reversing a week-long decline. This is the first sign of a pattern that breaks a weak downward trend. Following consecutive declines, the daily chart began to rise, directly reversing a week's losses. This pattern is likely to continue next week, forming a bullish pattern, with a potential second leg higher. Therefore, next week will be crucial for bullish sentiment, with key focus on whether it can break through the highs and the continuity of the bullish trend. The bullish trend is likely to continue next week. It's also important to note that Friday's pullback to around 3340 marked an inflection point, a watershed between bulls and bears and a secondary bullish level. Since Friday's close was near resistance, it's important to watch whether the market will surge directly next week or retreat before rising again. If the rally isn't sustained in the early Asian session, a correction is likely to occur, accumulating upward momentum.
FX:XAUUSD
by quaid_2
Gold non-farm payrolls are bullish, long and short positions ana Rather than envying the fish by the river, it's better to retreat and weave your net. We often envy the wealth others can earn by investing in the gold market. We often watch them enthusiastically investing, but we ourselves are afraid to enter the market. The two major factors that drive the market, technology and news, are a topic of constant debate among investors. To navigate the market, one must master the art of attack and defense to remain rock-solid while remaining at the forefront. As the saying goes, trust me, and I will reward you with profits! Gold Data is Bullish! The positive non-farm payroll data sent gold soaring, with gains completely erasing all of the week's losses. Currently, gold's trend has reversed the stagnant bullish and bearish trend. After breaking through the 3300 mark and rising all the way to 3348, it shows no signs of stopping. A further test of the 3370 level is not out of the question! Due to the strong bullish data, if you don't immediately chase longs or place a breakout long order during the first wave, you'll likely have little chance of a pullback. Therefore, you should remain aggressive in your trading strategies. We recommend a pullback to the 3332-30 level to continue the bullish trend. Upward pressure is expected at 3372-75! The market fluctuates violently, and more real-time entry and exit points are mainly based on Yulia's real-time guidance!
TVC:GOLDLong
by jiqeu1