Risk aversion escalates, prices continue to rise?Information summary:
On the last trading day of last week, gold rose again under the stimulation of risk aversion. The gold market is shrouded in risk aversion in the Middle East. In the short term, the trend of gold is still supported by risk aversion and may continue to rise. At present, the relationship between Israel and Iran has not been eased; there is the latest news: Iran may retaliate against the air strikes it suffered this time. This will provide momentum for the rise of gold.
Market analysis:
Gold 1 hour shows that the moving average forms a golden cross and diverges upward, and the bullish trend of gold is still there. After the rise of gold risk aversion, gold has adjusted sideways in the short term, but it is still oscillating strongly at a high level; it is still in the process of rising. The short-term fluctuation of gold is the adjustment in the process of rising, and it will continue to rise at any time. After the gold bulls broke through 3400, they have been stabilizing above this position, so the strategy for next week is still to buy on dips.
However, it should be noted that if the international situation suddenly changes, the price may not fall back, but directly rush to a new high.
In addition, if the international situation eases and falls below 3400, we must adjust the operation strategy in time to avoid losses.
Important positions:
Resistance levels: 3450, 3475, 3490
Support levels: 3410, 3400, 3380
Operation strategy:
Buy near 3410, stop loss at 3400, win range above 3450 points.
There are still 7 hours left before the Asian market opens. I hope my analysis can help all traders gain something in the gold market.
Goldinvesting
GOLD/USD Bullish Breakout PotentialGOLD/USD Bullish Breakout Potential 🚀📈
🔍 Chart Analysis (June 15, 2025):
The GOLD/USD price action shows strong bullish momentum after a successful breakout above the previous resistance zone (now turned support) around $3,400. This level had previously acted as a key resistance multiple times (evidenced by the price rejection in early June), but has now been flipped into a support zone. The chart highlights two major elements:
📌 Key Highlights:
✅ Support Zone:
The $3,390–$3,410 range is now a confirmed support area after price broke above and retested it. This zone was previously tested multiple times (marked by arrows) and is expected to act as a launchpad for further upside.
🎯 Target Point:
The projected bullish target lies in the $3,610–$3,640 range. This level has been highlighted as a potential area where price might face resistance again.
📈 Bullish Projection:
A bullish continuation is expected if the price remains above the $3,400 level. The chart suggests a possible pullback to support before continuation towards the target zone.
⚠️ Technical Outlook:
As long as price holds above support, the bias remains bullish.
A drop below $3,390 would invalidate this bullish scenario and call for reassessment.
Conservative entry may wait for a confirmed bounce from support.
🔮 Summary:
Bullish bias is active for GOLD/USD with a short-term target around $3,620. Watch the $3,400 support closely for confirmation of the upward momentum.
Adjustment over? Uptrend coming?Information summary:
A new round of air strikes by Israel against Iran on Friday has significantly escalated the conflict in the Middle East. Investors have quickly poured into traditional safe-haven assets such as gold, U.S. Treasuries and the Japanese yen. The market's current first choice for hedging geopolitical risks is gold, not the U.S. dollar. The U.S. dollar index rebounded slightly this week, but it has not become the main target of safe-haven fund flows, and gold has dominated the flow of safe-haven funds.
Although risk aversion has become the main theme of the gold market this week, the Fed's policy trends are still the core variable affecting the long-term direction of gold prices. In this week's FOMC meeting, the Fed kept interest rates unchanged and hinted that it may only cut interest rates once this year. But Powell also pointed out that future policies will still depend on data, leaving speculation about reversals.
Market traders generally believe that if the future inflation data falls more than expected or the job market slows down, the Fed's stance may turn dovish again, and gold prices may therefore gain new upward momentum.
Trend analysis for next week:
The weekly bullish trend extends, and there is still a lot of room for growth. After a round of decline last week, the weekly line closed this week again in a very strong position, and the daily rising trend channel resumed its operation. From the market alone, the gold price trend has been stabilizing above the middle track, and the bulls continued to line up at the opening of Monday. From the indicators, the middle track has been extending upward. Since May, the price has continued to create highs in the rising channel and has a tendency to challenge the historical high position of 3500, indicating that there is still room for upward movement in the short term.
From the 1-hour chart, the price rose to 3447 and then made a short-term correction to 3420, and the correction has been sufficient. 3420-3415 forms the most important support area. If this position is touched, it is an opportunity for long trading; but the price may not fall back to the support line and rise directly. Before breaking the important neckline, no short strategy will be adopted at the beginning of next week. We can patiently wait for the opportunity to go long after the correction.
Operation strategy:
Buy at 3415-3420, stop loss at 3410, profit range at 3450-3455.
Gold Extends Rally as New High Emerges📊 Market Overview:
Gold reached a new intraday high at $3,447 today, supported by a weaker USD and stable U.S. Treasury yields. Prices then pulled back slightly to $3,423 amid short-term profit-taking. Ongoing geopolitical uncertainty and expectations that the Fed may hold or cut rates continue to drive demand for safe-haven assets like gold.
📉 Technical Analysis:
Key Resistance Levels:
• $3,447 – Intraday high on June 13
• $3,465 – Strong Fibonacci extension resistance
• $3,480 – Next upside target if price breaks above $3,447
Key Support Levels:
• $3,423 – Current price and intraday congestion zone
• $3,410 – Minor support on the H4 chart
• $3,400 – Psychological support & 20-day MA
• EMA: Price is trading above the 09-day EMA → short-term trend remains bullish
• Candlestick / Volume / Momentum:
Strong bullish candle with high volume; RSI at 67 indicates further upside potential. Short lower wicks suggest limited selling pressure. MACD on both H4 and daily charts favors continued upside momentum.
📌 Outlook:
Gold is likely to continue rising if it holds the $3,410–$3,423 support zone. A break above $3,447 may open the path toward $3,480 or higher.
💡 Suggested Trading Strategy:
🔺 BUY XAU/USD:
• Entry: $3,420 – $3,425
• 🎯 TP: $3,480
• ❌ SL: $3,408
🔻 SELL XAU/USD
• Entry: $3,445 – $3,450
• 🎯 TP: $3,423 – $3,410
• ❌ SL: $3,457
Gold will inevitably fall after risingGold has risen sharply due to the violent geopolitical conflicts and the surge in risk aversion. It once reached around 3445, but in the process of falling back, it only touched 3408 and rebounded again, stabilizing above 3400. It is obvious that due to the changes in fundamentals, the sentiment of gold bulls is high; although the upward momentum of gold near 3440 has weakened, there is no clear signal of peaking yet!
For short-term trading, it is relatively difficult to participate at present. To be honest, I naturally don’t want to chase gold at a high level; but there are no more signals to support me to short gold for the time being. However, with the rebound of gold, the current short-term support below is in the 3425-3415 area, followed by the psychological support of the 3400 integer mark; and the short-term resistance above is in the 3455-3465 area, followed by the area near 3480.
Compared with the profit and loss ratio, I prefer shorting gold for short-term trading, because gold has performed relatively strongly in the London market. Logically, gold will have the inertia to rise in the New York market, so I think gold may rise and then fall in the New York market, so my current plan is to try shorting gold starting in the 3455-3465 area.
Because the changes in gold's fundamentals are more extreme and complex, you must set up SL when participating in transactions.
The situation escalates, and gold rises again.Information summary:
Israel issued a statement: The attack on Iran has been completed. All Israeli Air Force pilots and crew members who participated in the attack on Iran returned to the base unscathed.
Iran issued a statement: The attack could not have happened without the coordination and permission of the United States. The United States is responsible for the consequences of the Israeli air strikes.
The unpredictable international situation has caused the price of gold to continue to rise after retreating.
New forecast:
After a strong rebound in the 3338 shock area and forming a high point, it is currently in a clear upward channel. The recent breakthrough of the 3398.4 area indicates that the trend will continue and point to the resistance line near 3465. At present, the price is testing the trend line that broke above, which may become a springboard for the next round of rise.
Buy trigger point: rebound from near 3405, with strong trading volume.
Risk attention:
The possibility of triggering a false breakout trap near 3440.
If gold loses the 3380-point trend line, its momentum may stagnate.
Broader macro data could overtake technical support near resistance levels.
Israel attacks Iran, gold soars
⭐️Gold information:
Israel attacks Iran's capital Tehran! Gold and crude oil soar rapidly!
The Middle East bully attacks Iran, and the risk aversion sentiment affects the early trading of gold at 3380. 30 US dollars
⭐️Personal comments:
Due to the escalation of geopolitical tensions in the Middle East, market risk sentiment has slightly rebounded, and investors are more inclined to buy traditional safe-haven assets-gold
Moving towards 3480
⭐️Set gold price:
🔥Sell gold area: 3478-3480 SL 3485
TP1: $3462
TP2: $3450
TP3: $3435
🔥Buy gold area: $3375-$3377 SL $3370
TP1: $3389
TP2: $3400
TP3: $3412
Geopolitical tensions, gold prices may reach 3480 points⭐️Personal comments:
Due to the escalation of geopolitical tensions in the Middle East, market risk sentiment has slightly rebounded, and investors are more inclined to buy traditional safe-haven assets-gold
Moving towards 3480
⭐️Set gold price:
🔥Sell gold area: 3478-3480 SL 3485
TP1: $3462
TP2: $3450
TP3: $3435
🔥Buy gold area: $3375-$3377 SL $3370
TP1: $3389
TP2: $3400
TP3: $3412
GOLD/USD Bullish Breakout ConfirmationGOLD/USD Bullish Breakout Confirmation 🚀📈
📊 Technical Analysis Overview:
The chart illustrates a bullish breakout above a well-defined resistance zone around $3,390–$3,400. Price action has decisively closed above this resistance, suggesting strong bullish momentum.
🔍 Key Observations:
🟦 Support Zone:
Marked clearly between $3,250–$3,280, this level has held firm multiple times (highlighted with green arrows and orange circles), confirming buyer interest and market structure.
🟦 Resistance Turned Support:
The previous resistance zone around $3,390–$3,400 has now potentially turned into a new support. Price retesting this zone and holding would further validate the breakout.
📈 Future Projections:
The chart anticipates a retest-pullback-continuation scenario:
Pullback to new support 📉
Bullish continuation toward $3,460+ 🎯 if support holds.
✅ Bias:
Bullish as long as price remains above the $3,390 zone. Break and hold below would invalidate the bullish setup.
📌 Strategy Tip:
Look for confirmation on the lower timeframes (e.g., bullish engulfing or pin bar) on the retest before entering long.
Israel attacks Iran, gold price correction can be long gold
📣Gold news
Today, Israel launched an attack on Iran, and the gold price reached a high of $3,433/ounce, the highest level since May 6, and the weekly increase exceeded 3.6%, the highest level since the week of May 19.
Spot gold continued to rise during the US trading session on Thursday, reaching a weekly high of $3,398.55/ounce. However, in the afternoon of the same day, the Chinese Ministry of Commerce stated that China and the United States reached a principled agreement on implementing the consensus of the heads of state call and consolidating the results of the Geneva talks, and made new progress in resolving each other's economic and trade concerns. Affected by the easing of the Sino-US trade situation, the safe-haven demand for gold dropped sharply, and the price fell rapidly by $30 from the high, reaching a low of $3,338/ounce. The market risk appetite has rebounded significantly, and the risk aversion sentiment has cooled significantly. Combined with the fact that the monthly and annual rates of the US CPI released in the evening were both lower than expected, indicating that inflationary pressure has not intensified. After the data was released, the market's expectations for the Fed to cut interest rates by 50 basis points before the end of the year have further increased.
📊Technical analysis:
Technically, the upper track of the daily line is still in a flat state. The current market has reached a high of around 3444. After the rise on Thursday, it is expected that there will be little room above. Since the market is in a volatile rise, it is not suitable to directly chase the rise. The 4-hour Bollinger band continues to diverge upward, and the moving average is arranged in a bullish pattern, indicating that the current market is in a strong position. If it breaks high on Thursday, there will be a chance of rising on Friday. In terms of operation, keep the idea of calling back and going long. If it falls below 3367 again, there will be repeated fluctuations.
Today's operation strategy💰
If the gold price falls back to around 3375, go long. If it is around 3370 and 3365, add more. Stop loss at 3360. Target 3420-3430
Sell short near 3430. Add shorts in batches near 3430 and 3435. Stop loss at 3440. Target 3380-3374
(If you have just entered the market, the gold market is confusing. The operation direction is always reversed. The entry price is not sure. The position is trapped. You can contact Labaron to get the gold price trend analysis And online guidance for unwinding! )
There is no unsuccessful investment, only unsuccessful operation. We have been deeply involved in the industry for more than ten years, with rich practical operation experience and unique trading concepts. We have a global and stable trading system here. We have studied gold, crude oil and other investment fields for many years, with a solid theoretical foundation and practical experience. We are good at combining technical and news operations, focusing on fund management and risk control, and have a stable and decisive operation style. We are recognized by the majority of investment friends for our easy-going and responsible personality and sharp and decisive operations. The analysis article only describes the possible future of the market and expresses opinions. It is not used as a basis for investment decisions. Investment is risky. Trading may not pay attention to reasonable position allocation, fund management and risk control. Do not trade without risk control. Don't let the transaction get out of control.
The situation escalates. Will the price of gold continue to riseEvent summary:
On June 13, Israel launched an air operation codenamed "Lion Rising" against Iran. So far, five rounds of air strikes have been launched.
As the situation in the Middle East escalates, gold has risen again due to risk aversion, directly breaking through 3,400. Gold risk aversion has increased, and there is no sign of easing for the time being, so gold risk aversion continues to rise, and gold prices are expected to continue to rise. Under the blessing of risk aversion, gold bulls have begun to dominate again.
Market analysis:
The 1-hour moving average of gold has formed a golden cross and formed an upward trend. The upward momentum of gold is getting stronger and stronger. In the early Asian session, it once surged above $3,440, only $60 away from the historical high of 3,500. The outbreak of risk aversion is entirely the release of accumulated kinetic energy. Only when it is fully released can the strength of gold bulls weaken. The decline of gold means going long. If the price of gold falls back to the support level near 3,400 during the Asian session, buy on dips.
Focus position:
First support level: 3405, second support level: 3390, third support level: 3380
First resistance level: 3440, second resistance level: 3450, third resistance level: 3470
Operation strategy:
Long strategy: Buy near 3405, stop loss: 3395, profit range: 3430-3450;
Short strategy: Buy near 3455, stop loss: 3465, profit range: 3400-3380;
If you want to trade aggressively, you can buy at the current price and wait for the price to reach a high point near 3350.
Gold is rising, will there be a new intraday high?Yesterday, gold closed with an engulfing positive line, and the closing line stood above the 5-day and 10-day moving averages.
From the analysis of gold in 1 hour, the current price is still in a fluctuating upward channel. Based on this technical pattern feature, if the subsequent economic data is positive and pushes the gold price to further strengthen, it may form a trading opportunity for shorting at a staged high. Although the gold price showed a rapid upward trend after the data was released, there has been obvious resistance in the historical trading concentration range of 3400-3410. The current bullish momentum has no technical conditions to break through this position, and the technical correction after the price surge is in line with the price behavior logic.
The current price has reached a high of around 3398. After today's rise, there is not much room for upward movement; since the market is rising in a volatile manner this week, it is not suitable to chase the rise directly. Although the 4-hour Bollinger Band opening continues to diverge upward and the moving average is arranged in a bullish pattern, the upward momentum is slightly insufficient and may be under pressure to move downward near 3410. I suggest that all traders short at high levels.
Operation strategy:
Short around 3410, stop loss at 3420, profit range 3360-3355. If it breaks through 3355, it may hit the intraday low below 3340.
Gold is rising, beware of a pullback.Since last Friday, the daily line has shown an alternating trend of yin and yang. In the three trading days this week, the lows and highs have been rising continuously, which shows that the short-term trend is strong. Today's intraday trend also illustrates this point. At present, gold has risen directly to the 3388 line, directly refreshing the intraday high again.
From the hourly chart, we must be careful of the possibility of gold diving. From the previous rules, each rise is about 45 US dollars. This time it also started from 3340-3345, and the increase was close to 45 US dollars. Moreover, each time the rise is completed, the dive callback is 35 US dollars. Therefore, once it starts to fall from 3385-3390, it is very likely to reach 3350-3355.
In terms of short-term resistance, pay attention to the 3400 pressure level above; the support level is around 3340. the support level pays attention to the vicinity of 3340.
Operation strategy:
Short at 3385, stop loss at 3395, and profit range is 3360-3350.
Gold surged, what will be the trend today?Information summary:
On Wednesday, the US dollar index plunged during the session as the CPI data that was lower than expected boosted the market's expectations of interest rate cuts. As of now, the lowest point is near 98.2.
After the release of the CPI data, gold rose in the short term and touched the 3360 US dollar mark, and then quickly gave up the gains and retreated to around 3320. However, it rose again due to the sharp escalation of the situation in the Middle East. As of now, the highest is around 3380.
Market analysis:
From the current 4-hour chart:
Yesterday's 3360 pressure level has been broken, and the Asian market has successfully stood above this position in the early trading. Then the suppression position of 3360 has turned into a support level. Therefore, the position we should pay close attention to next should be 3360-3350. If the price falls back to around 3350, it is possible to enter the market and do more. If the price rises again, it is very likely to break through 3400. Once it breaks through 3400, it will most likely reach around 3420.
Secondly, from the hourly chart, there are some signs of head and shoulders bottom. It would be perfect if it can fall back and then go up again. But gold cannot fall below 3345 again. If it falls below 3345 again, it cannot be long.
Operation strategy:
Go long when the price falls back to around 3350, stop loss at 3340, profit range 3375-3400.
Iran hardens steel, gold rises!
📣Gold news
On Thursday (June 12, 00:00 in the Asian morning, spot gold continued to rise, reaching a high of $3,377 so far, a new high this week. The lower-than-expected US CPI data in May increased the possibility of the Federal Reserve's interest rate cut in September, and the trend of the US dollar and the decline in US bond yields provided a favorable environment for gold prices. At the same time, tensions in the Middle East escalated on Wednesday, and Iran said it would attack US military bases in the Middle East if negotiations broke down. The sharp rise in geopolitical tensions in the Middle East has significantly increased the safe-haven demand for gold. Although the conclusion of the US-China trade agreement has eased some market pressure, the potential impact of tariff policies on inflation still needs to be vigilant. Looking ahead, investors need to pay close attention to Thursday's PPI data and the Fed's policy trends, while keeping an eye on the situation in the Middle East. Driven by risk aversion and expectations of loose monetary policy, the gold market still has room for upside in the short term.
📣Technical side:
Yesterday's CPI data was bullish. After a brief surge, it fell back to below 3330, and then fluctuated. The rise was not strong. Late at night, Trump again called on the Federal Reserve to cut interest rates by 100 basis points. Confidence in the Iran nuclear negotiations decreased. In the next one to two weeks, he will send a letter to trading partners to set unilateral tariffs. Uncertain risks increased. Gold rose in contact with the CPI data. In the short term, the price broke through the 3348-3353 suppression. Consider going low around this position during the day, looking at the 3383-89 suppression, stop loss 3337, pay attention to risks.
💰Strategy Package
Today's trading strategy: long around 3349. Stop loss 3337, take profit 3383
Short around 3370, stop loss 3374, take profit 3350
Trend value trading is the only way for all investors to make profits. There is no shortcut, and don't be lucky. Any investor needs to go through the process of loss, capital preservation, and profit from the beginning of entering the market. The market is definitely not a long-term paradise for speculators. A successful speculation does not mean that it can be successful from beginning to end. Only stable and continuous profits can make a person successful. There must be rules here. If you don't break the rules, you won't be eliminated.
Gold Consolidates Around $3,340–Mild Bullish Bias Ahead CPI Data📊 Market Summary
Gold is consolidating around $3,340/oz, up about 0.5% today, as investors seek safe-haven assets amid ongoing US–China trade tensions. The market is also closely watching the upcoming U.S. CPI data release.
📉 Technical Analysis
Key Resistance:
• $3,350–3,360 – recent swing highs, aligning with the intraday EMA50 and Fibonacci resistance.
• $3,370–3,380 – major monthly high, potential breakout zone.
Nearest Support:
• $3,320–3,330 – EMA20–21 zone, daily support and key pivot level.
• Below $3,320, next support lies near $3,300.
EMA 09:
• Price is trading above EMA9 but still below EMA21–50 → suggests neutral-to-slightly bullish intraday bias.
Candlesticks / Volume / Momentum:
• Small-bodied candles with low volume → signs of sideways movement.
• RSI on H1 ~60, H4 ~55 → modest upward momentum, not yet overbought.
📌 Outlook
Gold is likely to continue consolidating around $3,340, with mild upside potential if the U.S. CPI data comes in hot or trade talks remain inconclusive.
💡 Suggested Trading Strategy
SELL XAU/USD at: $3,350–3,355
🎯 TP: $3,330–3,335
❌ SL: $3,360
BUY XAU/USD at: $3,320–3,330
🎯 TP: $3,340–3,345
❌ SL: $3,310
XAU/USD(20250612) Today's AnalysisMarket news:
① The EU hopes that the trade negotiations will be extended beyond the suspension period set by Trump. ② Bessant: As long as "sincerity" is shown in the negotiations, the Trump administration is willing to extend the current 90-day tariff suspension period beyond July 9. ③ Trump will hold multiple bilateral talks during the G7 summit. ④ The total customs revenue of the United States in May reached a record high of US$23 billion, an increase of nearly four times year-on-year. ⑤ Lutnick: One deal after another will be reached.
Technical analysis:
Today's buying and selling boundaries:
3343
Support and resistance levels:
3388
3371
3360
3326
3315
3298
Trading strategy:
If the price breaks through 3371, consider buying in, and the first target price is 3388
If the price breaks through 3360, consider selling in, and the first target price is 3343
Continue to short gold Gold rebounded from around 3315 and has now reached above 3340. According to the current structure, gold tends to rebound upward. But the characteristics of the recent market trends are also very obvious. Gold has risen with difficulty, but has retreated very quickly! Overall, there was no continuation in the process of long and short games, which was disorderly fluctuation.
According to the current structure, as long as gold cannot break through the 3350-3355 area and the bulls have not completely gained the upper hand, gold still has the potential to go down and test the 3320-3310 area again. Therefore, for short-term trading, we should not chase gold too much, and we can still try to short gold with the 3345-3355 area as resistance.
Gold fluctuates, awaiting CPI data.In Asian trading on Wednesday, traders are awaiting the release of the latest U.S. Consumer Price Index (CPI) data for May. Estimates suggest that prices are likely to rise as American households feel the impact of tariffs imposed by the Trump administration. But the easing between the world's two largest economies should have an adverse impact on safe-haven assets such as gold, and the lack of a downward trend in gold prices suggests that investors are waiting for more developments.
In terms of short-term trends, the gold 1-hour chart shows that gold prices remain in an upward channel with a low point. So from the trend, the current momentum for gold to rise will be stronger. The price pullback is giving opportunities to go long.
The change of thinking is actually following the trend. For the current operation, enter the market with the trend, and cover the position when it falls back or break through the profit position to cover the position. In a strong market, during the correction phase, the price is rising, and the amplitude of the correction is often small. The bulls retreated at the opening to accumulate momentum. Above is the pressure level of 3350-3360. Once it breaks through and stabilizes, it will accelerate the upward trend. Just follow the general trend of the market.
Operation strategy:
Go long when the price falls back to 3310-3320, stop loss at 3300, and profit range is 3345-3360.
GOLD PRICE ACTION ANALYSIS – June 11, 2025 GOLD PRICE ACTION ANALYSIS – June 11, 2025 🟡
Technical Breakdown & Bearish Scenario Ahead ⚠️📉
🔍 Overview:
The chart presents a clear range-bound structure with strong horizontal resistance around the $3,400–$3,420 zone and support around the $3,120–$3,160 level. Price is currently trading near the upper range of the consolidation.
📊 Key Technical Levels:
🔴 Resistance Zone: $3,400 – $3,420
➤ Price has been rejected here multiple times (highlighted by red arrows and orange circles), showing strong supply pressure.
🟣 Intermediate Support: $3,260.618
➤ This level acted as a minor support and could be tested again if the current pullback deepens.
🟤 Major Support Zone: $3,120 – $3,160
➤ A key demand area where price previously bounced significantly.
📉 Bearish Setup:
A potential lower high is forming just below the resistance zone.
The projected path suggests a minor pullback to form a bearish retest, followed by a potential breakdown below $3,260.
If the $3,260 support is broken decisively, further downside toward the $3,120–$3,160 support is likely (blue arrow projection).
🔄 Bullish Scenario (Invalidation):
A breakout and strong close above $3,420 could invalidate the bearish structure.
In that case, price might attempt to target higher resistance levels beyond $3,440.
📌 Conclusion:
Gold remains in a range with a bearish bias unless the $3,420 resistance is breached.
🔽 Watch for confirmation below $3,260 for bearish continuation.
✅ For bulls, wait for a strong breakout above resistance with volume.
How is the market situation during the China-US talks?Information summary:
On Tuesday, as the China-US trade negotiations entered the second day, the US dollar index fluctuated around the 99 mark.
The gold price once approached the 3,300 US dollar mark in the Asian market, and then continued to rise, reaching the highest of the 3,350 US dollar mark. After the opening of the US stock market, all the gains during the day were given up, and it has been maintained below 3,350 for consolidation.
From the current known negotiation information, the two sides basically agree on the general direction and principles, but it means that more specific content and details have not yet been fully negotiated, and more dialogue is needed to resolve.
Market analysis:
From the current gold market, as long as the 3,350 mark cannot be strongly broken through next, the price will fall again. The consolidation range will remain at 3,300-3,350. As long as the price fails to break through strongly, there will still be a fifth wave of downward trend.
Therefore, gold is still maintaining short selling operations at high points.
Operation strategy:
Short at 3345-3450, stop loss at 3360, the first target is this week's low of 3300, the second target is 3285, and the third target is 3250.
Gold fluctuates widely, strategy remains unchanged
📌Gold news
The US and Chinese delegations will continue talks in London for the second consecutive day. President Trump expressed optimism, saying the talks "should go well". US officials said the talks could lead to Washington lifting certain technology export restrictions in exchange for Beijing relaxing controls on rare earth exports - a material that is critical to industries such as energy, defense and advanced technology. The results of these negotiations may provide a new direction for precious metals
📊Comment analysis
The European session continued to retrace and gave a low of 3293, then slowly strengthened. The current high reached 3349, so today's strategy does not need to be changed for the time being. If the current market is given to 3335-3345 again, short orders can still be entered. The current trend is still weak, and the US market is likely to follow the old path of a second decline, so the current idea of shorting on the pullback remains unchanged for the time being!
💰Strategy package
Gold: Short on rebound 3335-3345, stop loss 3350, target 3300-3280!
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the lot size that matches your funds
-
Is there more than $100 room for gold to fall?
💡Message Strategy
Gold is under the dual pressure of risk aversion cooling and dollar strengthening in the short term. As the high-level negotiations between Asian powers and the United States entered the second day in London, the market was optimistic about reaching an agreement in the field of export controls, which improved the overall risk sentiment and safe-haven assets such as gold were under obvious selling pressure.
At the same time, the US non-farm payrolls report last week far exceeded expectations, further suppressing expectations of a rapid rate cut this year, pushing up the US dollar index, and putting pressure on gold at the $3,340 mark.
Recently, the gold price has failed to effectively break through the 200-hour moving average, reflecting the lack of bullish momentum, and the short-term trend is likely to be consolidated or further adjusted.
📊Technical aspects
From a technical perspective, gold prices fell again after failing to test the 200-hour moving average and are currently fluctuating below $3,340. Hourly chart indicators (MACD, RSI) show that bearish momentum continues to increase. If the price falls below the previous trading day's low of $3,290, it will further open up space to fall back to the May 29 low of $3,245 or even $3,200.
The first support is in the 3340 area. After breaking through, it may accelerate the decline to test 3290; if this position is lost, it may re-test the 3200 integer mark.
💰 Strategy Package
Short Position:3340-3355,3355-3365