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Gold forecast - long term Weekly - XAU/USD (Gold vs. US Dollar) As shown, note the following:- 1. Price Action and Candlestick Patterns: • The price has been in a strong upward trend but is showing signs of a pullback near a key resistance level. • Consecutive red candles indicate a potential start of a price correction. • The price is approaching a key resistance at 2989.813, with initial support at 2790.100 and stronger support at 2583.900. 2. Harmonic Pattern (Butterfly): • A reversal harmonic pattern is visible on the chart, signaling a potential downward correction after a strong bullish move. • The completion of this pattern increases the likelihood of a pullback toward the support levels mentioned. 3. Volume Indicator: • There’s a noticeable decrease in trading volume despite the continued upward movement, reflecting weakening bullish momentum. • A negative divergence between price and volume suggests a potential upcoming correction. 4. Relative Strength Index (RSI): • The RSI reached overbought levels (above 70) and has started to decline, indicating possible profit-taking and a correction phase. • A negative divergence between the price and the RSI supports the probability of a downward move. As Future Outlook: 🔴 Bearish Scenario (Most Likely): • A break below 2790.100 could open the way for a drop toward 2726.300 and then to 2583.900. • Monitoring volume and RSI behavior is crucial to confirm continued downside movement. 🟢 Bullish Scenario (In Case of Breakout): • A bullish Harami candle is clearly shown as breakout and weekly close above 2989.813 could push the price higher toward the 3100.000 level.
OANDA:XAUUSD
by Dr_N_
3.11 Analysis of gold short-term operation suggestionsOn Monday (March 10), the latest spot gold (XAU/USD) was quoted at $2915.01, up 0.10% on the day. In the Asian session, the gold price remained in a narrow range around $2914, but since 15:25 Beijing time, gold has fluctuated downward from $2915.39, reaching a low of $2896.73. Fundamental analysis: The Fed's interest rate meeting is approaching, and the market is cautiously watching At present, the gold market has entered a sideways consolidation phase, and investors are evaluating multiple factors, including the Fed's upcoming policy meeting on March 19 and the latest economic statements of US President Trump. In an interview with the media, Trump said that the US economy is in a "transition" stage, and the market has generally believed that the US economy is at risk of recession. Market sentiment and capital flows: Short-term funds are cautious, and gold is still supported Technical analysis: Long and short divergences are increasing, key support and resistance levels From a technical perspective, the gold price is currently consolidating around $2890. The key resistance above is the intraday high of $2918.19, followed by the intraday R1 resistance of $2927 and the R2 resistance of $2945. If the gold price breaks through $2945, the market may challenge the historical high of $2956 set on February 24. In terms of support below, the $2900 integer mark and the S1 support level of $2893 constitute double support. If it falls below this area, the gold price may test the S2 support level of $2878. Technical analysts believe that if Trump does not release additional tariff policy signals in the near future, market sentiment may gradually stabilize, and gold may pull back to the support range in the short term to accumulate power for subsequent gains. Conclusion: Short-term consolidation, pay attention to the dynamics of the Federal Reserve Overall, gold is currently maintaining a range of fluctuations, and the short-term trend is subject to the expectations of the Federal Reserve meeting and the uncertainty of the US economic outlook. Investors need to focus on the interest rate meeting on March 19 and the impact of the remarks of Federal Reserve officials on market sentiment in the coming weeks. In the current context, the market still tends to look for buying opportunities in pullbacks. If the gold price remains above $2,893, the bulls will still have a certain advantage.
TVC:GOLD
by AIan_Gold
1
3.11When will gold break out of its range?Will gold continue to adjust downward after the wash, or will it break upward after this period of consolidation? 1: Trump announced on the 7th that Russia launched a fierce attack on Ukraine. In order to encourage the two sides to sit down at the negotiating table for friendly negotiations, sanctions and tariffs will be imposed on Russia, including banks, until both sides are willing to stop the exchange of fire. This has increased the uncertainty of geopolitical risks, which will be a boost for gold. 2: Fed Chairman Powell reiterated at a press conference on Friday that the current US economic performance is relatively ideal, and the Fed does not intend to rush to cut interest rates next. As we all know, interest rate cuts will stimulate gold to rise, and slowing down the pace of interest rate cuts will form resistance for gold. Since gold entered the adjustment on February 11, the repeated high-level roller coaster shock wash has been brewing for a month, and it is time to end. The gold price has repeatedly fluctuated around $2,900, and even the non-agricultural data failed to break the support of $2,890 and the pressure of $2,930. As for gold, the focus is still on $2890 as the support point. As long as it is not lost here, it is still mainly based on reaching the bottom of the box. For players of physical gold, it is not recommended to repeatedly get on and off the gold when the funds are idle. It seems smart but will eventually miss it perfectly. Trading strategy: You can consider getting on the train within the range of 2900-2895, and defend below 2880 US dollars. The focus above is on the breakthrough of the 2920-30 pressure area.
TVC:GOLDLong
by AIan_Gold
1
Buy gold and wait for a breakoutBros, the recent rise and fall of gold has not continued, and the overall price is still fluctuating widely in the 2930-2895 area. After the fierce game between the long and short sides, there is not enough momentum to support the structural breakthrough of gold. However, according to the current structural trend, gold has repeatedly tested the area around 2920-2930 and has been effectively supported at 2890-2900. Overall, the probability of gold breaking upward is greater. Then in short-term trading, we can temporarily go long on gold in the 2905-2985 area, and first see whether gold can stand above 2920. If gold stands above 2920 for a long time, then gold will definitely break through 2930 and still have the opportunity to test the previous high area near 2955. Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDLong
by Trader_Marvin
3.10 Gold short-term operation analysis and suggestionsIn early Asian trading on Monday (March 10), spot gold fluctuated in a narrow range and is currently trading around $2,912.60 per ounce. Gold prices have fluctuated at high levels for three consecutive trading days, but they still rose 1.65% on a weekly basis, helped by safe-haven inflows and the U.S. employment report showing that job growth in February was lower than expected, suggesting that the Federal Reserve is expected to cut interest rates this year. In addition, the volatile tariff policy of U.S. President Trump has also increased uncertainty. Gold continues to fluctuate in a range, and the overall trend is in an upward trend. After the adjustment, the price of gold will continue to rise. The idea is to continue to step back on low-multiple operations. Pay attention to the 2898 support during the day. Relying on this position, short-term long, stop loss 2889, stop profit at 2922/2932. Breaking the 2932 suppression is expected to further rush to a new high. In addition, if it falls below the support near 2889, coupled with the recent strength of the U.S. dollar, gold may fall further, so if it falls below the support, don't consider continuing to go long, pay attention to the risk. March 10th gold short-term trading: long near 2898, stop loss 2889, take profit 2922/2932 Backup ideas: (fall below 2889, rebound to 2896 and continue to short, stop loss 2904, take profit 2880-2876)
TVC:GOLDLong
by AIan_Gold
1
3.7 Gold short-term non-agricultural comingFundamental analysis Tariff policy shows signs of easing, but risks have not been completely eliminated Recently, the United States has postponed the implementation of the auto import tariff plan for Canada and Mexico, which has eased the economic and trade tensions in North America to a certain extent. However, this postponement is not indefinite. More importantly, import tariffs in other countries and regions are still in the process of being prepared or implemented, and potential uncertainties may still erupt again at any time. Driven by a series of previous tariff policy news, gold prices have repeatedly received safe-haven support. Although there is a slight correction at present, it is still near the historical relative high. Technical analyst interpretation: Currently, gold is fluctuating around $2,900/ounce. Overall, bullish confidence remains solid, but it also faces a large technical barrier in the short term. The following are several key observation points: Key levels and support and resistance Intraday key level: $2,914/ounce If this position can be effectively broken through, it may attract more bulls to enter the market and pave the way for further impact of $2,934/ounce (R1). R1 resistance during the day: $2934/oz If the gold price breaks through this level, the next target will be $2950/oz (R2), and approach the historical high of $2956/oz on February 24. Once it approaches this high again, the market may experience a new round of violent fluctuations. S1 support below: $2899/oz, coinciding with the $2900/oz mark This area is a short-term long-short watershed. Once the shorts successfully suppress the price below $2900/oz, the bullish sentiment is vulnerable, and the risk of a short-term correction will also increase significantly. If it effectively falls below $2899/oz, the gold price may continue to fall to $2879/oz (S2), which is another possible long defensive position. High consolidation and correction risk From the overall market situation, the gold price has been strong since the end of last year, constantly refreshing the interim highs. However, as the market digests the Fed's expectations of rate cuts, bullish sentiment may be blunted at the current position. In addition, if the ECB or the United States' policy expectations change again, causing funds to reassess the prospects of global economic recovery and monetary policy, gold may also face certain pressure to fall from highs. Pay attention to the operation of gold prices in the range of $2,900-2,934/ounce: If the bulls continue to fail to break upward, it is advisable to be alert to the potential correction caused by high-level profit-taking; and once the positive news is released, the possibility of gold prices quickly breaking through $2,934/ounce and heading straight to the $2,950-2,956/ounce area cannot be ignored.
TVC:GOLD
by AIan_Gold
1
3.5 Technical Analysis of Short-term Gold OperationsThe non-farm payrolls (NFP) and consumer price index (CPI) data to be released this week will be the focus of market attention. If the data is strong, especially the inflation data is higher than expected, the market may reduce the bet on the Fed to cut interest rates. The market currently expects the Fed to cut interest rates by 75 basis points this year, an increase from the 44 basis points expected last week. Gold Technical Analysis - Daily Chart From the daily chart, gold received support near $2,832 last Friday and rebounded to $2,900 driven by tariff concerns. However, from this time frame, market information is limited, so it is necessary to further zoom in on the analysis period to get more details.
TVC:GOLD
by AIan_Gold
1
3.5 Technical analysis of gold short-term operation Key point 25Looking back at the overall market, gold has rebounded for two consecutive days, but from the perspective of the morphological structure, it is not yet in a state of reversal. Beware of the risk of a fall after a surge. From the perspective of the one-hour and four-hour structures, the overall trend is still in a downward trend. Although there has been a strong rebound in the past two days, the rebound is not a reversal. Today, we need to focus on $2925, which is 680 yuan, as the dividing line between today's long and short turns. Below this area, given the rebound in the past two days, I think we can try to go south to see a fall. Refer to the 2895 or 2880 area below. However, if the box continues to oscillate today and closes above $680 or $2925, it will bottom out and turn to long! At that time, we will adjust our thinking and look north to see new highs! Note that the short-term market is approaching a turning point, and 2925 needs to be paid attention to.
TVC:GOLD
by AIan_Gold
1
3.5 Technical analysis of short-term gold operationsOn the first trading day of March, the US dollar index fell sharply. Data released by ISM showed that the US ISM manufacturing index in February was 50.3, lower than the expected 50.8, and the previous value in January was 50.9. 50 is the dividing line between prosperity and recession. Although the ISM manufacturing PMI continued to expand in January, the amplitude was small and tended to stagnate. Both new orders and employment shrank. At the same time, the material purchasing price index soared to the highest level since June 2022. After the data was released, the US dollar index fell further. Gold rebounded sharply, challenging the 10-day moving average. The 5-day and 10-day moving averages still showed a dead cross. The daily RSI rebounded and reached the key pressure zone of 2900-10 in 4 hours. The short-term trend turned to bullish, but it was still not a strong bull market. You can wait for the opportunity to stabilize and go long near 2875.
TVC:GOLD
by AIan_Gold
1
3.4 Short-term operation of gold within the dayIn February, gold closed with a long upper shadow line, the MACD indicator golden cross high volume, and the dynamic indicator SRO hooked up into the overbought area, indicating that the monthly line is still bullish. At the current monthly level, we focus on the support of the MA5 moving average and the strong support of the MA10 moving average, which correspond to 2763 and 2647 respectively. The weekly line fell last week, including the previous day's positive column to form a negative cover, so the gold price will continue to weaken this week. The 2936-42 above the weekly line is a short-term top suppression, and the low point of last week is 2832. If it falls this week, it will definitely break the low point of last week. The current support below is the MA10 moving average near 2802, and the middle track support is 2732. The daily line is more interesting: after the bottoming out and rebounding last Friday, the big positive pulled up yesterday; if the price continues to rebound and repair, then today's low will not exceed yesterday's low of 2857-58, and the current moving average MA60 supports near 2861. The upper pressure is at the middle track 2902-2910. The daily indicator macd is dead cross at high level and runs with large volume, and the smart indicator sto is repaired upward, which represents the daily level of shock. The current macd is running at a low golden cross with large volume in 4 hours, and the smart indicator sto is entering the overbought area upward, which means that the current 4-hour shock is strong. At present, the upper pressure of the 4-hour is also at the intersection of the moving average MA60 and the upper track at 2913-14. The current macd at high golden cross of the hourly line shrinks and sticks, and the smart indicator sto is repaired downward, which means that the hourly line is currently oscillating and tends to fall back. The current support is 2879, followed by 2870-58. In summary: During the day, we will mainly focus on yesterday's low point of 2857-58. If it is not broken, we can go long near 2867-68. In the short term, we can go long in the 2883-80 range in the Asian session, and the target is 2900-2910. The first short position is also in the 2909-20 range. Strategy: Go long in the 2880-83 range in the Asian session, defend 2875, and target 2890-2900-2910 Go long near 2866-68 during the day, defend 2858, and the target remains unchanged Go short near 2909-12 during the day, defend 2918, and target 2900-2892
TVC:GOLDLong
by AIan_Gold
1
3.4 Gold’s Dayang Extended ReboundYesterday, the gold market opened high at 2860.6 in the morning, then the market rose to 2876.9 and then fell back. After filling the gap to 2858.3, the market was supported and rose strongly. The daily line reached 2895.3 and then the market was consolidated. The daily line finally closed at 2893.3 and the market closed with a big positive line with a slight shadow. After this pattern ended, the daily line broke the short-term pressure and there is still a rebound demand today. Short-term operation: Buy: 75 Stop loss: 65 Target: 95 05 15
TVC:GOLDLong
by AIan_Gold
1
Gold rebounds as expected, get ready to short goldBros, as the trading strategy I published in the last article, we went long on gold near 2860 as scheduled according to the trading plan today. In order to lock in profits in time, we closed the order near 2870. In just half an hour, we made almost 100 pips of profit. At present, gold continues to rebound to around 2875. Although the rebound process is relatively continuous, the overall rebound strength is not strong, so we can't chase gold too much; gold fell from the stage high of 2956 to around 2830, and gold turned from strong to weak. Its 50% retracement level is in the 2890-2895 zone, and the 38% retracement level is near 2880. Therefore, the current rebound cannot be regarded as a reversal, but only a technical rebound repair. If gold rebounds to the 2880-2890 zone, I am still willing to short gold. Before gold is determined to reverse the trend, I think gold must at least retrace the 2860-2850 zone to form a technical double bottom support. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
1
XAUUSD: Sell in advance and wait for a huge drop.On the eve of the opening of the New York market. The gold price has been fluctuating in a narrow range around 2983-2892. Combined with the current bearish sentiment, it is observed that the gold price will soon see a large decline after the opening of the New York market. In terms of operation, it is still sold in the range of 2898-2892 tp2875 sl2905 With the successful completion of the previous short order. Whether this order can successfully achieve the goal, we will wait and see. If you don’t know how to trade, you can follow. If you want to pay attention to subsequent analysis and real-time trading opportunities. Remember to check the precise guidance in the analysis circle. MCX:GOLD1! FOREXCOM:XAUUSD FX:USOIL COINBASE:BTCUSD
MARKETSCOM:GOLDShort
by Confident_Step
If the rebound does not exceed 2660, continue to short goldBrothers, I have been emphasizing yesterday and the day before yesterday that gold will definitely retreat to the 2840-2830 area. At present, the lowest price of gold has reached around 2832, hitting my expected target area as expected. And I emphasized in the previous article that gold has a certain support near 2830. We can play long gold near 2830. We only held the position for half an hour, and we made 100 pips in the short-term gold long transaction. I feel very satisfied with this. Of course, you can also refer to my previous update, which is well documented! Gold is currently rebounding after hitting 2830, but as long as gold rebounds not beyond the 2860-2870 area, gold will continue to fall next week. In fact, according to the starting point of the previous round of rise, it rose from 2586 to 2956 and then began to retreat. Its 50% retracement level is near 2775. The 61.8% retracement level is near 2815. If gold continues to fall next week, it is very likely to test the 2815 area, or even lower to the 2800 mark. So next we will focus on the strength of gold's rebound. If the gold rebound does not exceed 2860-2870, we will still focus on shorting gold in the next transaction.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
GOLD (XAU/USD)—$2,975 HIGH SPARKS BUZZGOLD (XAU/USD)—$2,975 HIGH SPARKS BUZZ (1/9) Good afternoon, TradingView! Gold (XAU/USD) hit $ 2,975 in Feb ‘25, up 5-7% YTD 🌍 2024’s 26-27% gain shines—here’s the breakdown. (2/9) – PRICE RISE • 2024 Gain: 26-27%, best since 2010 📈 • 2025 YTD: 2,955-2,975, 5-7% up 💡 • Feb 24: +0.52% to new high 🌞 Gold’s climb, safe-haven rules. (3/9) – MARKET MOVES • Trade Fear: Tariffs spark inflows 🌟 • FASB: Coinbase tie lifts mood 🚗 • Dip: $ 2,940 Feb 25, profit takes 📊 Gold’s humming, tension fuels it. (4/9) – SECTOR SNAP • Price: 2,940-2,875, $ 20T+ cap 🌍 • Vs Silver: Outpaces XAG’s wobble 💪 • Forecasts: UBS $ 3,200—value gap? 📉 Gold’s steady, peers falter. (5/9) – RISKS IN FOCUS • Fed: High rates cap upside ⚠️ • USD: Tariff boost stings 🔒 • Profit Takes: -1.27% Feb 25 🐻 Gold’s firm, but headwinds nip. (6/9) – SWOT: STRENGTHS • Gain: 26-27% ‘24—tough haul 💪 • Demand: Banks, ETFs pile in 🏋️ • Hedge: 4.3% inflation shield 🌱 Gold’s gritty, crisis-proof. (7/9) – SWOT: WEAKNESSES & OPPORTUNITIES • Weaknesses: No yield, USD bite 🙈 • Opportunities: Tariffs, $ 3,200 zing 🌏 Can gold vault past the snags? (8/9) – Gold’s $ 2,975 peak, your view? 1️⃣ Bullish, $ 3,200+ soon 😎 2️⃣ Neutral, Holds, risks linger 🤷 3️⃣ Bearish, $ 2,800 dip looms 😕 Vote below! 🗳️👇 (9/9) – FINAL TAKEAWAY Gold’s $ 2,975 Feb high and 26% ‘24 stack up, safe-haven star Trade fears lift, risks loom, gem or pause?
TVC:GOLDLong
by DCAChampion
The bears haven’t gone away, continuing to short gold！Bros, I want to say that 2868 is definitely not the lowest point at the current stage, and the bears have not stopped roaring. After gold falls below 2970, market panic will lead to deep selling, which will drive gold prices further down. So the bears have not left yet, and any rebound is an opportunity to short gold. As the center of gravity of gold prices moves down, the current resistance has moved down to the 2895-2905 zone again. If gold remains below this area, I think gold is likely to move towards the 2840-2830 zone next! Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Short gold, Target: 2940-2930Bros, I want to say that 2868 is definitely not the lowest point at the current stage, and the bears have not stopped roaring. After gold falls below 2970, market panic will lead to deep selling, which will drive gold prices further down. So the bears have not left yet, and any rebound is an opportunity to short gold. As the center of gravity of gold prices moves down, the current resistance has moved down to the 2895-2905 zone again. If gold remains below this area, I think gold is likely to move towards the 2940-2930 zone next! Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Continue to short gold after the reboundAfter sideways consolidation, gold chose to move downward again, and the current situation and direction are very clear. 2956 has basically been confirmed as the current stage high, so in the New York trading session, we only need to find the right time and point to short gold. However, although the decline of gold just now was strong, it still seemed a little hesitant when facing the low point last night. There is still a certain support in the intraday, and the gold price will more or less rebound. The resistance area above is the 2915-2925 zone, so I will short gold with the resistance of this area, and gold will definitely touch the 2880-2870 zone or even lower during this round of decline. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
Continue to short gold after the reboundGold's decline yesterday found support around the 2888 level before staging a rebound, and it has now recovered to the 2925 area. Although the bulls have begun their counterattack, their momentum appears significantly weaker compared to previous recoveries, indicating a growing lack of confidence among bullish participants. Yesterday’s downward breakout from a period of sideways consolidation pushed gold through multiple key support levels and decisively breached the 2900 mark. This demonstrated strengthening bearish momentum, driven by profit-taking from earlier positions and an influx of panic-driven selling. Despite the current rebound, it’s likely just a technical correction following the sharp drop, providing more opportunities to short gold. As gold’s price action shifts lower, the 2925-2935 zone now stands out as a prominent short-term resistance area. For short-term trades, we can use this zone as a key level to initiate fresh short positions. Gold is likely to retest the 2890 support area, and a decisive break below this level could open the path for further declines toward the 2870-2860 region. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
What happened? The gold price fell to 2935 againAfter waking up, I found that the gold price stopped at 2635. It was strange that the price was still at 2953 when I was about to rest, and no reporter told me that there was an emergency in the middle. Why did the gold price fall so fast? I looked at the market. After the Asian market opened, the gold price was technically corrected and the pressure from the upper high was strong, so it was adjusted back to repair the rebound affected by the news in the New York market. The news hardly mentioned how badly things were going. On the contrary. Maybe this time the negotiations were effective. The negotiations are being revised one after another. If the peace talks come to an end, the gold price may see a large adjustment. It is expected that a few hundred points will be very easy. At present, there is still a need for further technical corrections, leaving aside the impact of news. In the short term, the gold price still wants to break the upward channel. The bears are still very strong, and the current gold price is at 2936. The hourly candlestick chart shows that if the point near 2925 falls below, there is a high probability that it will fall below 2900 in the short term. If there is no entity breaking this position in the short term, it will still be mainly consolidating at a high of 2930-2950. Therefore, buying low and selling high is the main option. Before the general direction is decided, it is difficult to see a unilateral sharp rise or fall in the market, so keep this trading strategy and idea.
TVC:GOLD
by Confident_Step
Go long on gold in the 2930 area and make continuous profits!Dear Traders, In the past couple of days, gold has been volatile, swinging up and down. Have you made profits in your gold trades? Regardless, the fluctuations in gold were within my control, and I was able to secure considerable profits from my long gold positions. As I shared in my previous two articles, in short-term trading, we should avoid hastily chasing rallies in gold. However, once gold retraces to the 2940-2930 support region, we can actively consider going long. Yesterday, after gold retraced to around 2930, it reversed and rebounded, rising to approximately 2953. Today, after touching 2929, gold reversed again and is currently climbing back to around 2942. We've secured substantial profits from two consecutive long trades in gold. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDLong
by Trader_Marvin
Long gold after a pullbackGold has continued its upward rebound as expected, reaching the 2950-2955 region. However, after hitting this level, there has been no significant pullback, indicating strong upward momentum. This suggests that gold still has potential for further gains and is likely to break the previous high at 2955. Once gold consolidates above the 2955-2950 region during this upward phase, it will likely attempt to reach the 2970-2980 range. For short-term trading, we should avoid chasing prices too eagerly. Let's patiently wait for a pullback, and once gold retraces to the 2940-2930 support zone, we can consider entering long positions.Bros, are you optimistic about the continuation of gold rebound? 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!
OANDA:XAUUSDLong
by Trader_Marvin