XAU/USD) Bearish trand analysis Read The ChaptianSMC trading point update
Technical analysis for Gold (XAU/USD) on the 4-hour timeframe. Here's a breakdown of the key ideas and strategy behind it:
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Key Elements of the Chart:
1. Descending Channel Pattern:
Price is moving within a descending channel (downward sloping resistance and support lines).
The red arrows mark previous rejections from the upper boundary of the channel.
2. Supply Zone / Resistance Area:
Highlighted in yellow, the price has entered a supply zone (between 3,412.00 and 3,440.42), historically where selling pressure has emerged.
The analysis suggests sellers may dominate again in this zone.
3. Price Action Projection:
Expected to reject from the supply zone, possibly forming a lower high.
Price is projected to break the short-term upward trendline, then fall sharply.
4. Target Points:
First target: 3,206.96 – likely aligned with a minor support level or Fibonacci retracement.
Second target: 3,085.56 – near the lower boundary of the descending channel.
5. EMA 200 (3,238.55):
Price is currently above the 200 EMA, but the projection anticipates a breakdown below it, confirming further bearish sentiment.
6. RSI Indicator:
RSI is at 67.56, near overbought territory, suggesting limited upside and a possible correction.
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Trade Idea Summary:
Bias: Bearish
Entry Zone: Between 3,412 – 3,440 (supply zone)
Confirmation: Rejection at the trendline + RSI divergence
Targets:
TP1: 3,206.96
TP2: 3,085.56
Invalidation: Break and hold above 3,440.42 (channel breakout)
Mr SMC Trading point
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Risk Management Note:
Ensure stop-loss is placed above the resistance zone (e.g., around 3,450) to mitigate false breakouts. Monitor fundamentals like upcoming US economic data, as they can heavily impact gold.
Pales support boost 🚀 analysis follow)
Goldmansachs
Key data will be released, gold will usher in a turning point🗞News side:
1. Musk issued the "strongest" condemnation of Trump
2. Trump and Netanyahu failed to reach an agreement, and the US-Iran negotiations may be "disrupted" by Israel
📈Technical aspects:
Gold prices continued to fall this week as Trump extended the impact of increasing tariffs on the European Union. After stabilizing at 3285 and rebounding yesterday, the gains and losses at 3315 during the day are the key to the subsequent layout. The current Asian session did not stand above 3315 in the morning, which means that the short-term retracement and decline have not ended, and only by breaking through 3315 can there be a chance to continue upward. The 4H level of gold is not so strong at present. The market encountered resistance and fell back at the upper track. Now the market has touched the lower track. The Bollinger Bands have not opened and are still flat, indicating that the market is in a volatile trend in the short term. The support below 3280 just coincides with the lower track. The upper side pays attention to the resistance near the middle track of 3325. If the pressure near the middle track of 3325 is broken, it can be seen to the upper track of 3365. If the market breaks below 3280, it is expected to go to 3260-3250. The European session will temporarily maintain a high-altitude low-multiple cycle. Pay attention to 3315-3325 on the upper side and 3285-3280 on the lower side.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
XAU/USD) 3 top technical analysis Read The ChaptianSMC trading point update
Technical analysis (XAU/USD) on a 4-hour timeframe, with key elements and potential price scenarios illustrated. Here's a breakdown of the idea behind this analysis:
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1. Key Levels and Zones
Resistance Zone (~3,320–3,330):
Marked with red arrows indicating multiple rejections.
A crucial supply zone that the price failed to break several times.
Support Zone (~3,280–3,290):
Labeled as “nak support level” (likely means "neckline" support in a possible head-and-shoulders structure or just a key level).
Important for bullish structure continuation.
Lower Target Zone (~3,205):
A demand zone if the support fails.
Labeled as another “target point” indicating a bearish projection.
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2. Trend Context
The price was in an upward channel (highlighted as "up trend"), which has now been broken.
EMA 200 (~3,251) is acting as a dynamic support.
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3. Potential Scenarios
Bullish Scenario (Red/Blue Arrows Up):
If the price holds the “nak support level” and breaks back above resistance (~3,320):
A bullish move toward 3,367 and even 3,435 is expected.
The blue arrow shows a projected upside target of ~105 points.
Bearish Scenario (Black Arrow Down):
If the price breaks below the neckline/support and EMA 200:
A drop toward the 3,205 area is anticipated.
Target aligns with previous structure lows and a clean demand zone.
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4. RSI Indicator (Bottom Panel)
RSI is hovering around neutral (~45–50), offering no strong momentum bias.
Could support either a bounce or a breakdown, depending on upcoming moves.
Mr SMC Trading point
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Conclusion / Idea Summary
This chart presents a conditional trade setup:
Above 3,320: Long toward 3,367–3,435.
Below 3,280–3,250 (and EMA 200): Short toward 3,205.
The market is currently at a decision point, and traders should wait for confirmation (breakout or breakdown) before entering a trade.
Pales support boost 🚀 analysis follow)
Gold fluctuates repeatedly, and the opportunity has come
Gold hit 3325 in the European session, and fell under pressure in the US session. It can be seen that the market still has no continuity, and the recent volatility is narrowing compared to the previous period. The whole month of May was a wide range of roller coaster fluctuations.
The oscillating market is to operate at the point of card. Wait for a one-sided trend and then follow the trend. Short-term US market rebounds to 3315 to short, and use the intraday high as defense. The 1H cycle support below 3280/3290 is long in batches, and other positions are not involved.
Gold trading direction remains bullish
Gold prices fell under pressure, breaking through 3,300 points during the session and eventually closing at a low level. The lack of fundamental support and the rise in US assets eventually caused gold prices to fall back, and are still in a falling stage.
At the beginning of this week, we made it clear that we would not enter the market at a high level to chase the rise. Gold prices are facing important technical suppression. Falling back may be inevitable, but it is also normal. Only by falling back can we expand the space for rising prices. The upward trend will not be changed during the adjustment. Under this development background, the next trading path is clear.
At the beginning of the week, although the US dollar rebounded, it is still unknown whether it can continue!
After the 20-year US Treasury auction last week was cold, this week will usher in the 5-year and 7-year Treasury auctions. If it is cold again, the market will only increase its distrust of the entire US assets. If so, it will theoretically be good for gold prices.
On Thursday, the market will welcome the minutes of the Federal Reserve's May monetary policy meeting, followed by speeches by several Federal Reserve officials. What will be the final tone? It is difficult to make predictions and affirmations now, and the market needs to observe inflation from this meeting and speech most, so as to clarify expectations on whether the Federal Reserve will cut interest rates or not, which requires special attention.
5.29 Federal Reserve Meeting Minutes
Whether the gold price retreats or fluctuates, it will not change the upward trend. This is a point we have made clear many times, but it should be noted that it is different from last year.
This year's rise is unlikely to rise from the beginning of the year to the end of the year like last year. This year's rise must go through multiple cycles and large space back and forth, especially leveraged transactions. Positions must be controlled and risks must be strictly controlled. Those who are not leveraged only need to wait patiently and use time to exchange space.
Yesterday, the price of gold retreated as expected, falling below 3,300 points during the session. After reaching the effective support level, it rebounded, but the strength was not strong and the space was not large. The final price was not high. From today to now, there has not been a strong rebound, and even if there is, it is difficult to sustain.
As of today, Wednesday, the decline in gold prices has not yet ended completely. The support tested yesterday is expected to be tested again, or even broken. From a technical point of view, there is still a lot of room for expansion below, but the trend of gold prices is not completely determined by a single technical aspect. It must be combined with fundamental information to make a comprehensive judgment.
In short, the upward trend of gold prices has not changed. In the stage of retracement and adjustment, it is necessary to control the rhythm of long and short changes. If it can retrace and lower the price, there will be more room for the next rise.
Gold-----Buy directly near 3300, target 3320-3350Gold market analysis:
Yesterday's gold was basically a technical adjustment. Without the US market, the bulls could not rise. Today, the Asian market bottomed out and rebounded to form a small V. When we reach the position we announced, we will do it directly. The position is certain. There is no ambiguity in the range to buy. When we reach it, we will do it decisively. The order must be ruthless and fast. If you are indecisive, it means you are afraid that it will be difficult to hold it even if you enter. What we are afraid of is whether the order we enter has a loss. The order without loss is the most terrible. In this year's market, it is basically difficult to survive without loss. A technical adjustment is 60 points. If you don't carry 1 lot, it is basically 6,000 US dollars. Moreover, 60 points are basically a matter of a few hours in the recent market. Regression analysis shows that yesterday's daily line closed with a small negative line. The daily line still supports buying at the moving average. The general trend is still bullish. There are no holidays today, so buying should start.
The intraday support platform is 3330, which is also the previous support platform. Although it fell to 3323 yesterday, it quickly rebounded. The daily line is still a repair, so we continue to buy today's repair and continue to look at the continuation of the moving average. We consider looking for a small opportunity to go long at 3300. 3340 is a small support.
Support 3340, 3330, slightly stronger is 3323, the market strength is 3338
Fundamental direction:
Yesterday's two holidays made the market fluctuate less in the European and American markets. There is no major fundamentals this week. Pay attention to the news.
Operation suggestions:
Gold-----Buy directly near 3300, target 3320-3350
Gold hits around 3280, please go long in the short term
📌 Driving Events
Gold prices fell more than 0.50% on Monday as demand for safe-haven assets decreased after U.S. President Donald Trump announced a postponement of tariffs on the European Union. Trading activity remained subdued as the U.S. and UK markets were closed for public holidays. As of this writing, the gold/dollar exchange rate was around $3,294. Trump issued a statement on Sunday, postponing the date of the 50% tariff on EU goods to July 9, and market sentiment improved. As a result, gold prices came under pressure and fell after a sharp rise of 4.86% last week (the strongest weekly performance since early April)
📊Commentary Analysis
Focus on the support level of 3285/80. If this area is touched for the first time, go long
💰Strategy Package
🔥Selling area: 3345-3350 SL 3355
TP1: $3333
TP2: $3325
TP3: $3308
🔥Buying area: $3280-$3285 SL $3275
TP1: $3312
TP2: $3330
TP3: $3345
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose a lot size that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
How will the short-term trend of gold develop?From a technical perspective, the overall volatility is limited. In the near future, the upper side is under pressure from the trend line, and the lower side is affected by the 4-hour middle track support. The overall trend is maintained in the range of 3365-3322. The current monthly line is approaching its closing, and the short-term market is temporarily in a high-level oscillation stage. In the 4-hour cycle, the price range is gradually narrowing, waiting for a directional breakthrough. The lower support focuses on the 3325-3320 middle track position and the previous top and bottom conversion support of the 3308 line; the upper pressure focuses on the 3352 and 3365 areas. After a slight high opening, it weakened. The overall idea is still to treat it as a wide range of fluctuations. It is recommended to be long and short in operation, and adjust the strategy after breaking through.
Operation suggestion: Go long near 3330-3323, and the target is 3340 and 3352;
If the pressure near 3352 is not broken, consider shorting, and the target is to fall back to the 3330 line.
Analysis of gold trend at night and how to arrange it🗞News side:
1. Trump's view on Russia is not optimistic
2. Trump boasted in a post that his threat to impose tariffs on the EU worked
📈Technical aspects:
Gold does not seem to have a strong rebound. After touching 3305, the rebound momentum has weakened and it has been hovering between 3300-3290. Judging from the hourly chart, I think it is still in a state of correction. Then we may see another drop in the evening to accumulate momentum. This is why I chose to manually close the position near 3300 while waiting for the rebound just now. In the evening, bros can pay attention to the support line of 3280-3270 below to look for entry trading opportunities.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
Gold shocks extreme pull, US market layout🗞News side:
1. Musk issued the "strongest" condemnation of Trump
2. Trump and Netanyahu failed to reach an agreement, and the US-Iran negotiations may be "disrupted" by Israel
📈Technical aspects:
The trading strategy we have given is still valid. The current gold price trend on the hourly chart shows a standard descending flag pattern. If this pattern continues to be effective, there is a high possibility that the gold price will fall below 3285-3280. Once it falls below this range, as we gave in the strategy this morning, it may fall to the 3260-3250 line. However, the premise for this expectation to be established is that the gold price cannot break through and stabilize on the upper track of the consolidation channel, otherwise the descending flag pattern will be invalid. Therefore, for US market operations, short positions can be arranged around the upper rail of 3325, paying attention to the suppression effect; for the lower rail, first pay attention to the support effect of 3300.
sell 3325-3330
TP 3310-3300
buy 3290-3280
TP 3310-3320
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
How to seize this golden short-term opportunity!Yesterday, gold continued to fall from its highs, and the short-term trend was in line with our expectations. The lowest price of gold yesterday hit around 3285, which was also the long area given in yesterday's analysis. In addition, the secondary layout of long orders in yesterday's analysis brought us good returns.
At present, gold is in a rebound stage as a whole. Although the momentum and amplitude of the rebound have not increased significantly, this trend has shown signs of a gradual recovery in the market. In terms of short-term operations, it is recommended to follow the trend and wait for the price to fall back before choosing an opportunity to go long. Yesterday, the gold price fell again to around the 3285 mark and received effective support. Today, we still need to focus on the support performance of this area.
From the perspective of the 4-hour cycle, today's gold price relies on this area as a short-term strength and weakness dividing line for long and short layout. The lower support focuses on the 3275-3283 range, and the upper pressure is around 3316-3320. The short-term key watershed is around 3275-3280. As long as the daily level does not effectively fall below this area, the overall judgment of the long and short shock range is still maintained. In terms of operation, the "high-altitude and low-multiple" rotation idea will continue to be the main focus. If the market situation or rhythm changes, the strategy will be adjusted in time according to the actual market situation and will be notified separately.
Gold operation strategy reference:
1. If gold falls back to the 3275-3285 area, you can consider placing long orders, with the target at 3316-3320.
2. If gold rebounds to the 3316-3321 area, you can try to short with a light position, with the target at 3288-3290.
USD/JPY(20250526)Today's AnalysisMarket news:
Fed's Goolsbee: 50% EU tariffs are an order of magnitude different from the current situation. Such a high tariff level will have a serious impact on the supply chain. In the short term, the Fed needs to wait for the situation to become clear, and the threshold for action is high before then. There is still a possibility of rate cuts in the next 10 to 16 months
Technical analysis:
Today's buying and selling boundaries:
143.04
Support and resistance levels:
144.77
144.12
143.70
142.37
141.95
141.30
Trading strategy:
If the price breaks through 143.04, consider buying, the first target price is 143.70
If the price breaks through 142.37, consider selling, the first target price is 141.95
Gold bulls advance as expected Mainly go long on pullback.Today, gold opened lower and fell, reaching the lowest level of 3331. Then the bulls exerted their strength, reaching the highest level of 3356 and then adjusted back. The overall trend was highly consistent with the expected judgment. Looking back at the market last week, the technical side of gold continued the bullish pattern, and the oscillating upward trend was significant. From the daily level, the price repeatedly tested around the 3200 mark at the beginning of the week, and finally stabilized successfully, laying a solid foundation for the bull market. On Friday, it was supported by the 3280 mark, continuing the strong oscillating upward trend, forming a reverse middle Yang pattern, and the daily K line closed with an oscillating upward break of the middle Yang, fully demonstrating the short-term bullish pattern of gold prices, and bullish expectations continued to heat up.
Based on the current gold trend analysis, the focus below is on the 3330-3320 range support, and the focus above is on the 3380-3400 resistance. In terms of overall strategy, the bullish thinking is maintained before breaking 3320 to avoid blindly guessing the top.
How to plan for gold price box fluctuations🗞News side:
1. The situation between Russia and Ukraine escalated again
2. Israel in the Gaza Strip was once again criticized by the international community
📈Technical aspects:
After gold opened lower today, it fell into a small box-shaped shock in the short term. It seems that the situation in Russia and Ukraine and the Middle East over the weekend did not have further impact on the gold price. The gold daily level closed with a positive line again, injecting new vitality into the trading space last week. These two rounds of rise not only successfully crossed the resistance level of 3250 last Monday, but also further broke through the suppression of 3320, showing a clear upward trend. The current volatility is more like a correction after breaking through the previous high! Last Friday, the price failed to break through the 3370 line several times and encountered resistance continuously, which shows that the pressure from above is still relatively strong! Due to the particularity of today's market trading, the technical side of the hourly chart shows a downward trend. The European session temporarily focuses on the 3350-3355 line resistance, and the 3330-3320 support is seen below.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
XAU/USD) Bullish reversal analysis Read The ChaptianSMC trading point update
Tchnical analysis for XAU/USD (Gold vs US Dollar) on the 4-hour timeframe, using Smart Money Concepts (SMC). Here's a breakdown of the idea behind this analysis:
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1. Trend & Structure
The previous downtrend was broken with a change of character (ChoCH), suggesting a possible bullish reversal.
After the ChoCH, the market formed bullish order blocks which have been respected, confirming the bullish sentiment.
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2. Key Levels
Support level: Around 3,220–3,240 region, coinciding with the 200 EMA, which has acted as dynamic support.
Order blocks: Several yellow zones indicate areas of institutional buying interest.
The most recent "new order block" is closer to the current price, showing a potential short-term demand zone.
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3. Price Projection
The chart suggests a bullish continuation, projecting a move towards:
Target Point 1: Around 3,350–3,349.50
Target Point 2: Around 3,408–3,407.98
These levels are likely based on prior highs or imbalance zones.
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4. RSI Indicator
RSI is above 65, showing bullish momentum, but nearing overbought territory (>70), which could signal a short-term pullback before continuation.
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5. Trade Idea (Visualized Path)
A potential small pullback into the "new order block" around 3,280 is expected.
From there, price may rally to the next supply zones or previous highs, offering a potential gain of ~1.44%.
Mr SMC Trading point
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Summary of the Idea
This is a bullish continuation setup based on:
Trend reversal via ChoCH.
Strong order block formations.
EMA 200 support.
RSI confirmation.
Traders might look to enter near the new order block (around 3,280), targeting 3,350 and then 3,408, while managing risk below the order block support.
Pleas support boost 🚀 analysis follow K
Gold prices remain strong as tariffs heat up again
Hey everyone, let's comment on the gold price next week from May 26, 2025 to May 30, 2025,
📌 Driving Events
Gold prices resumed their upward momentum on Friday, surging nearly 2% on the day and up more than 5% for the week as the dollar weakened amid renewed trade tensions. Gold prices rebounded from an intraday low of $3,287 to $3,359 as escalating rhetoric from Washington fueled investor demand for safe-haven assets.
U.S. President Donald Trump has intensified the trade standoff with the European Union, declaring that negotiations are "going nowhere" and threatening to impose a 50% tariff on EU imports from June 1. For months, Fed policymakers have made it clear that they want more clarity on the response from fiscal and trade policies and the economy before taking further action on interest rates. Over the past month, this cautious stance has prompted traders to withdraw their bets on a rate cut in the June meeting, and the market now expects the policy pause to continue until the July meeting. However, futures market positions show that the probability of a rate cut before the end of September is still slightly above 50%. This is essentially a bet that the situation will become clearer in the next four months: either slowing inflation paves the way for policy easing, or the economic deterioration forces the Fed to increase stimulus.
📊Comment Analysis
Tariff news has begun to heat up again, and the United States and the rest of the world have not yet reached a consensus on negotiations, and gold prices have benefited from this rise. The big time frame shows that the price is breaking out and continuing the upward trend
Technical:
Based on the resistance and support levels of gold on the 4-hour chart, Labaron has identified the following important key areas:
Resistance: $3412, $3436
Support: $3315, $3280, $3245
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose a lot size that matches your funds
- Profit is 4-7% of the capital account
- Stop loss is 1-3% of the capital account
Buying on pullbacks remains the main theme!Tariff turmoil resurfaces, gold price jumps!
The Trump administration once again wields the tariff stick, threatening to impose a 50% tariff on the EU from June 1, and saying that there has been no progress in the negotiations between the US and the EU. Because the timing of this threat is quite subtle. Just earlier this week, the EU just submitted a new framework proposal to the US to restart bilateral trade negotiations. This directly led to a jump in gold price tonight!
Faced with the tough stance of the US, the EU is not sitting still. It is reported that the EU has formulated a contingency plan. If the negotiations fail, it will impose additional tariffs on US exports worth 95 billion euros in response to Trump's "reciprocal" taxation and 25% tariffs on cars and some parts, which will inevitably cause further impact on the market!
The bulls are in control and are unwilling to give the bears too many opportunities to cover their losses. Therefore, the strategy of following the trend needs to be more active - strong markets usually do not experience a deep retracement, and the correction phase will not break the previous low for the second time. After the current gold price surged to 3365, the intraday bull defense position should be set at 3340. The previous low of 3320 has been effectively supported, and the bulls have taken the absolute initiative, and there will be no short-selling opportunities in the short term. Based on the current strong bullish performance, continuing to maintain a bullish mindset is the core of the transaction.
Operation strategy:
1. Gold recommends going long in the 3340-3330 area, with a target of 3350-3360.
2. Gold recommends going short in the 3365-3375 area, with a target of 3350-3340.
Trump triggers risk aversion, how to position gold?🗞News side:
1. Trump plans to impose a 50% tariff on the EU
2. Houthi armed forces strike Israel again
3. Pay attention to the impact of the US dollar trend on gold
📈Technical aspects:
Trump is "crazy?" He suggested to impose a 50% tariff on the EU directly from June 1, and threatened to impose a 25% tariff on iPhones not produced locally. This news caused the euro, European stocks, and iPhone stock prices to plummet. At present, the gold price is consolidating between 3350 and 3360. For the US market, it is necessary to prevent a wash, but the short-term increase has been too large. If there is a rapid adjustment, the amplitude will also be large. Therefore, the US market is stuck in the range operation. Pay attention to the support of 3335-3325 below. If it continues to rise, pay attention to the resistance range of 3375-3385.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
Seize the opportunity in the gold marketGold fell after reaching a high point during the day, reaching a high of 3345 before going out of the big drop space, and the evening star appeared in the 4H cycle. Combined with the correction of the top divergence of the indicator, the short-term will enter the adjustment stage. Pay attention to the middle track support around 3280-75 in the future market. If it does not break, you can consider going long. Pay attention to the upper pressure of 3320 and 3335. Keep the idea of shock in operation!
Operation suggestion: Go long on gold around 3280-3275, and look at 3300 and 3320. Go short if the rebound pressure of 3320 is not broken.
Gold (XAU/USD) Bullish Breakout Trade Setup – Targeting $3,4201. Entry Point Zone (~3,302.88 - 3,317.09):
This is the area where a long position (buy) is suggested.
The price has already moved slightly above this zone, indicating the trade may have already been triggered.
2. Stop Loss (~3,260.41 - 3,299.02):
Positioned below the entry zone to limit downside risk.
Suggests that if the price drops below this support zone, the trade idea is invalidated.
3. Target Point (3,420.41):
A bullish target suggesting a potential upside move of ~117.62 points (or ~3.56%).
This zone acts as a take-profit level.
4. Technical Indicators:
Moving averages (possibly 50 EMA in red and 200 EMA in blue) show a bullish crossover recently, supporting the upward momentum.
5. Pattern Outlook:
The chart implies a possible cup-and-handle or bullish consolidation breakout pattern, anticipating continuation upward.
Summary:
The strategy depicted is a bullish breakout setup:
Buy near 3,302.88–3,317.09
Stop Loss near 3,260–3,299
Take Profit near 3,420
This setup favors buyers as long as the price remains above the stop-loss zone. If the market holds this structure, there's a good risk-reward ratio for a move to 3,420.41.
Will gold continue to rise as risk aversion heats up?
📌 Gold driving factors
At present, the current market sentiment has turned cautious, driving safe-haven funds into gold. Previously, Moody's downgraded the US sovereign credit rating, and President Trump's promotion of a large-scale tax cut bill is expected to be passed by Congress, further strengthening the theme of "selling the United States" and exerting continuous pressure on the US dollar.
In addition, the resurgence of disputes between the United States and China on the chip issue, and the news that the Group of Seven is considering imposing tariffs on cheap Chinese products, have exacerbated the uncertainty of the global economic outlook, further suppressing the US dollar, while supporting gold, a traditional safe-haven asset, to an eight-day high. Gold prices also benefited from the heating up of geopolitical tensions. CNN reported that several US officials revealed that Israel is preparing to launch a strike on Iran's nuclear facilities.
📊Commentary Analysis
The current market is still running in a range of shocks. Therefore, the US market is still trading repeatedly around the range for the time being. For the time being, the small range will temporarily look at the 3320-3285 line!
💰Strategy Package
Gold: Short when it retreats to around 3325-3320, stop loss at 3330, target around 3290! For long orders, look at the support situation and then enter the market at the right time!
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Grasp the core strategy of trend tradingGold continues to be bullish and will go to the area near the gap of 3325. At that time, the short-term may be blocked and fall back. If it breaks, look at the area near 3340-3345. In the 4H cycle, relying on the moving average to support the rising stage, and the Bollinger is in an open state, there is still room to see above. The support for the fall back is to pay attention to the top and bottom of the small cycle of 3285, followed by the low point of 3274, but there will not be too much retracement in the strong position. In terms of operation, the main fall back is long, and gradually look at 3325 and 3345. Shorting can only be entered at key points, and fast in and out without fighting.
Operation suggestion: Go long on gold near 3285-74, look at 3315 and 3325! If it is extremely strong, go long on the support of 3298-3295!
Gold is rising strongly, can it retreat and go long today?🗞News side:
1. US officials said Trump's statement was related to the Golden Dome Project, which may affect the flow of funds
2. The tension in the Middle East has intensified, and the risk aversion sentiment has increased, which is good for gold
3. Although the withdrawal of Indian and Pakistani troops has eased the regional situation, geopolitical risks still exist
4. Trump mentioned the tax bill, which affected economic expectations and affected gold investment sentiment to a certain extent.
📈Technical aspects:
Yesterday we gave the view that there would be suppression at the 3290 level above, but affected by geopolitics, risk aversion sentiment rose again. Today, the moving average spread upward, and the Bollinger Bands opened and expanded, and the situation is still bullish. At present, we need to pay attention to the key short-term support level, focusing on the 3280-3285 support line. If the price retreats to this level and does not weaken, it can be considered as an opportunity for us to go long. If the resistance of 3320 is broken through strongly, the upper target will move up, and the lower support will also move up accordingly. 3300 will be converted into an entry opportunity for bulls to pull back. Therefore, we need to observe the price continuity in the European session. If the European session continues to break highs, the US session's correction will still be mainly based on long positions. During the day, it is recommended to wait for gold to retreat to 3290-3280 and try to arrange long positions, looking upward to 3320-3330.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
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