Just continue to maintain the bullish idea of high-altitude an
On Monday, gold closed slightly lower as Trump's comments on EU tariffs boosted market risk appetite. Today, it retreated and rose in the morning and now fell below our early long position again. In the short term, gold has lost its positive momentum, but it is impossible to fall more sharply. As investors weigh the prospects of improved trade relations between the United States and the European Union, the demand for safe-haven assets has cooled, and gold prices have maintained a downward trend.
Today's risk data warning!
At 20:30 today, the initial value of US durable goods orders in April will be released, and the monthly rate is expected to fall by 7.9%, after an increase of 9.2% in March
At 22:00 today, the US Conference Board Consumer Confidence Index for May will be released, and it is expected to be 87.2, and the previous value is 86.0.
Views on the trend of gold in the European session!
Gold rose and then fell yesterday, and the final rebound stopped at 3365. The trend is in line with our trend of volatility. As for today's market decline and break, it is a normal market! In addition, it has not broken through 3370 and has been under pressure, and the decline continued in the morning today. Since the support position of 3300 is close to the bottom, it is not appropriate to chase the short position!
In terms of trend, gold lacks the upward momentum at the 4-hour level, and the market falls after the upper resistance. This week's market has been maintained in the small range of 3330 and 3370. It is inevitable that the breakout will accelerate. At present, the bulls are under pressure. Unlike last week's continuous rise, this week has a bit of weak volatility. Then we continue to maintain the high-altitude bearish and low-level bullish ideas unchanged!
Gold: Enter long orders near 3290, defend 80, and target 3325-30! Continue to follow up with short orders above 3340, defend 50, and target 3300-05!
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Goldpreis
Short term is still dominated by short positions!Although the easing of trade tensions in the short term has led to a correction in gold prices, the three core factors supporting the strength of gold still exist: expectations of loose global monetary policy, rising geopolitical risks, and the long-term weakening trend of the US dollar. In particular, the market expectation that the Federal Reserve may maintain loose monetary policy will continue to provide momentum for gold to rise.
From the daily chart, the price of gold has shown a clear upward trend since this year. Although there have been several corrections in the middle, the bulls still control the medium and long-term market. After the previous rise in the H4 cycle, it is not so strong now. Instead, it is a volatile trend. The Bollinger band is closed, and the trend strength still needs market stimulation to rise again.
The 1-hour moving average of gold has begun to turn, so the rising strength of gold bulls has been suppressed. The high point of the 1-hour rebound of gold has been getting lower and lower, and the low point has also begun to fall. The 1-hour gold has begun to fluctuate downward. The downward trend of the gold rebound is suppressed near 3340. Gold rebounds near 3340 and can still be shorted.
Gold fluctuates at high levels, long and short profit ideas
📌 Driving events
On Sunday, U.S. President Donald Trump announced that plans to impose 50% tariffs on the European Union would be postponed until July 9, easing concerns about an imminent escalation in trade hostilities. This development reduced immediate risk aversion in the market, putting pressure on gold prices.
Nevertheless, investors' attention now turns to the FOMC minutes released on Wednesday, which may further clarify the Fed's monetary policy outlook. At the same time, market participants will continue to pay attention to trade negotiations between the United States and Japan and other major economies. Any new tensions or setbacks in these negotiations could quickly restore demand for gold as a protective hedge.
📊Comment Analysis
Gold prices fell slightly after the official announcement of the tariff extension and continued to climb
💰Strategy Package
🔥Selling area: 3388-3390 SL 3395
TP1: $3376
TP2: $3363
TP3: $3350
🔥Buying area: $3301-$3299 SL $3294
TP1: $3312
TP2: $3325
TP3: $3338
⭐️ 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 capital account
- Stop loss is 1-3% of the capital account
Gold retreats to 3330 and continues to rise
Gold prices retreated from a two-week high of $3,365 an ounce hit last Friday. Despite the pullback, the bullish potential remains intact. Any decline in gold prices appears limited as U.S. fiscal concerns and escalating geopolitical tensions will continue to drive safe-haven demand for gold. Looking ahead to this trading day, gold prices may see a limited correction, but with the U.S. market closed on Monday to commemorate Memorial Day, the thin trading environment may amplify gold price fluctuations.
Why did gold prices plummet and soar in May?
Why did the price of gold plummet: First, the high-level trade talks between China and the United States reached an agreement, and bilateral tariffs dropped significantly, driving the market's risk appetite to rebound rapidly; second, although the U.S. CPI inflation rate in April was lower than expected, the Fed officials' statements were still cautious, hitting the market's expectations of interest rate cuts and also putting some pressure on gold prices. Finally, the rapid rise in gold prices in the previous period triggered technical adjustments, and the market took profits, which also pushed gold prices down.
Why did it rise: First, the unexpected intensification of the situation in the Middle East became a short-term flash point. Intelligence released by the United States shows that Israel may be preparing to launch a strike on Iran's nuclear facilities. The risk of escalating geopolitical conflicts is the main reason for the upward trend in gold prices. Secondly, Trump's additional tariffs and Moody's downgraded the US sovereign credit rating from the highest level Aaa to Aa1 on May 16. This move has led to a decline in market confidence in US debt, which in turn provides support for the rise in gold prices.
Views on today's gold trend!
The gold daily level closed again with a positive line, injecting new vitality into last week's trading space. The 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 clearer upward trend. The current shock is a correction after the previous high point breakthrough! However, the short-term shock is also carried out simultaneously. The pressure of the 3370 area tested several times on Friday failed to break through effectively and continued to encounter resistance, indicating that the current pressure is still relatively strong!
From the 4-hour chart, the gold bulls are still well-positioned. Currently, it is facing resistance at 3370 near the previous high. Due to the overstretching of the bulls in the previous period, it often needs a period of adjustment. However, if further news is stimulated this week, there is still a possibility that gold will rise sharply. The key is to look at the trend of the early trading. Therefore, when betting on strength and weakness, the timing is very important. This week is expected to continue to maintain a volatile upward pattern, and the callback market can be captured. The resistance is 3370 and the support is at 3320.
Gold: Long near 3330, defense 20, target 3370 resistance
Going long on pullbacks remains the mainstream.Fundamentals: Risk aversion is still the mainstream in the current market; risk aversion funds and risk aversion sentiment are still dominant in the gold market; although risk aversion and bullish sentiment have weakened at the war and trade war levels; the overall global fundamentals have not returned to their original state; behind various small fundamentals, there is still the possibility of triggering various risk events
Gold continued to rise on Friday due to the rise in risk aversion caused by tariffs, and the price of gold continued to rise to around 3365, and the daily line closed with a full big positive line again. If gold can successfully break through and stabilize in the 3360-3365 range in the future, the bull market is expected to regain its dominant position.
From the perspective of the 4-hour cycle, the price of gold continues to rise based on the unilateral moving average. Although there is a temporary divergence in the current indicators, in terms of form, the price of gold has achieved a short-term break. Next Monday, it is necessary to focus on the support strength of the 3345-3335 position, and the upper pressure range is maintained at 3365-3375. Do not blindly chase the rise before successfully breaking through and stabilizing. In terms of operation strategy, it is recommended to wait for the opportunity to step back, buy on dips, and continue to be bullish on gold prices. If gold can continue its strong performance next week, it is expected to test the previous high of 3430-3440 again.
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
Plan ahead Sell high and buy low to take the lead.Yesterday, the technical side of gold rose first and then fell. We directly arranged 3327 long orders to take profit and exit at 3340. After further accelerating to break through the 3345 mark, it fell under pressure and fell rapidly. We also successfully shorted at 3341, and the target successfully reached 3330-20. The European session continued to fall and broke through the 3300 mark and continued to fall to around 3280 to stabilize and rebound. We went long at 3280, and the target was 3300-3306. The daily K-line closed at a high and fell back to oscillate in the middle. The overall gold price was suppressed and oscillated at the 3345 mark in the short term. Yesterday's three orders also reached the take-profit target as expected.
From the 4-hour market analysis, today's upper short-term resistance is around 3315-3320. If the upper pressure 3315-3320 is not broken, shorting can also be done. Focus on yesterday's high pressure of 3345. The support level below is still 3280-3275. If it breaks down, pay attention to 3255-3250. Continue to rely on this range to maintain the main tone of high-altitude low-multiple cycles during the day. Observe more and move less in the middle position, be cautious in chasing orders, and wait patiently for key points to enter the market.
Operation suggestions:
1. Go long when gold falls back to 3285-3275, and look up to 3300 and 3315.
2. Go short when gold rebounds to 3340-3345, and look down to 3325 and 3315.
Gold starts to go down? Double opportunities.Analysis of Asian market trend:
To summarize the short-term trend, "continue to step back and continue to seek key support". Gold rose and then fell in the Asian market yesterday, and the final rebound stopped at 3350. The trend is in line with our short-term bearish expectations. As for the market falling and breaking, it is a normal market. This means that the adjustment needs to continue. Today, the main focus below is still the support level of 3280. The early decline has approached this point, but it has not been completely touched; if this position is not broken, the bullish rebound is still there and it will rise at any time.
Operation adjustment, mainly low and high, supplemented by high and low, look at the shock sideways, wait for the market to break through the range and gradually look down; then the two main points of short-term focus, if the downward trend does not break 3280, then the rebound will first look at the high point of 3320. Strong breakthrough and stabilization at this position, if it does not break through yesterday's high point, it will continue to be mainly shocking; at the same time, unlike the previous consecutive rises in the past few weeks, this week's trend is slightly weak, and it is almost the weekend, so let's look at the amplitude of the range trend first.
Operation strategy:
Short around 3320, stop loss at 3328, target at 3290;
Long around 3280, stop loss at 3270, target at 3315.
Short-term trading is temporarily operated in this range, and a new layout will be made if it breaks.
Flexible strategies lead to the best response.📍News:
The continued escalation of the war in the Middle East has increased risk aversion in the gold market.
At the same time, the Russian-Ukrainian negotiations broke down, and Russia launched the largest attack since 2022. Under the double attack, the market's risk aversion is full.
📊Gold technical analysis:
Today's gold price showed a violent fluctuation pattern. During the Asian session, the gold price quickly broke through the 3345 regional resistance and then fell back quickly, indicating that the short-term top pressure was significant. Subsequently, the market fluctuated repeatedly in the 3345-3320 high range and the 3320-3280 low range. After testing the 3350 high point in the Asian session, it retreated sharply, releasing a staged peak signal, indicating that the previous increase has entered the correction and callback stage, but the overall trend is still dominated by wide fluctuations.
Market sentiment reversed, and the price slowly fell and then was pulled up by the positive line. The game between long and short positions was fierce. Although the short position once dominated, the long position counterattacked strongly, and it is expected that it may hit the resistance near 3320 again. The current market has not formed a unilateral trend. The operation is still to deal with the idea of shocks, and maintain the idea of high-altitude and low-multiple. The strong resistance above is at 3350, and the key support below is 3280-3275. The probability of breaking down in the short term is low.
🎯Operational suggestions: Go long on gold when it falls back to around 3280-3275, look at 3300 and 3320, and go short if the rebound pressure of 3320 is not broken.
The gold trend takes a sharp turn, is a bear market coming?🗞News side:
1. PMI and initial jobless claims data
2. Geopolitical situation
3. Progress of the G7 meeting
📈Technical aspects:
During the Asian session, gold prices approached a two-week high. However, as the market digests the previous positive news and European and American economic data are about to be released intensively, gold's short-term trend faces uncertainty. The key data that everyone needs to pay attention to today include the May PMI data and the number of initial jobless claims in the United States. At the same time, the international trade situation, geopolitical dynamics, the progress of the G7 meeting and the speeches of Federal Reserve officials may have an impact on the market, so it is recommended that everyone keep a close eye on the impact of the news. Judging from the 4H market trend, the US market is paying attention to the short-term support around 3280-3275. Once it stabilizes above 3280, you can arrange to go long. On the contrary, once it falls below 3280-3275, it is possible to fall to the important support area of 3260-3250.
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
Gold bulls push prices to around 3355
📌 Driving events
Gold prices rose more than 0.50% and held above the $3,300 mark, driven by renewed safe-haven demand and rising geopolitical tensions in the Middle East. As of writing, gold/USD is trading around $3,317, rebounding from an intraday low of $3,285.
Market sentiment remains fragile, with US stocks falling into negative territory and US Treasury yields slightly higher. All eyes are on the upcoming vote on President Trump's tax reform plan. According to estimates by the Congressional Budget Office (CBO), the plan could lead to an approximately $3.8 trillion expansion of the US national debt. Uncertainty about the fiscal outlook continues to stimulate demand for gold as a defensive asset.
📊Comment Analysis
Gold price recovery is good, pay attention to the 3358 price area, adjust downward, and continue to accumulate funds around 3300
💰Strategy Package
🔥Sell gold area: 3358-3360 SL 3365
TP1: $3350
TP2: $3337
TP3: $3322
🔥Buy gold area: $3284-$3276 SL $3270
TP1: $3300
TP2: $3320
TP3: $3340
⭐️ 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
Gold is going down? Is the trend going to change?The previous rally continued in the early Asian session on Thursday, reaching a high of around 3345.
However, it then began to fall rapidly. So far, gold has fallen below the 3300 mark again, with the lowest point reaching around 3280.
From the daily chart:
Gold is currently at 3280, which is the moving average support position. If it falls below 3280, the market will test 3250-3260 below. This position is not only the current daily moving average support position, but also an important barrier position in the past. This is an important suppression position for the upward trend of gold this time.
Similarly, if it wants to fall, 3250-60 is also an important support position.
Secondly, let's look at the 4-hour chart:
If it really falls below the bottom of the range at 3280, then as I said above, it will test 3250-3260. However, if it fails to break the support near 3280, it is very likely to maintain consolidation in the 4-hour range.
And from the range point of view, the fluctuation range is very large. It is basically maintained in the range of 3320-3280, which is about 40 US dollars. I suggest that we should still pay attention to whether the support here at 3280 can stabilize. If it can stabilize at this position, and there is a bottom signal at 3280, then you can go long near 3280. Sell high and buy low according to the range of 3280-3320.
On the contrary, if it falls below the support of 3280, don’t go long. It is very likely to directly test the support position of 3250-60 later.
The unilateral offensive is fierce: the bulls have clear goalsGold is performing strongly sideways. We are in the same rhythm as yesterday and continue to maintain bullishness. Gold broke through the key resistance of 3280 on Tuesday and then rose strongly. It is currently above the area near 3330. The technical side shows that the bullish trend continues. The next target may point to the high of 3400. After rising continuously on Monday and Tuesday, it slightly adjusted back to around 3285 on Wednesday and stabilized before rising again. The daily line closed positive and stood firmly on the middle track. The Bollinger band opened upward, and the upper track pressure was at 3400, suggesting that the medium-term upward space is open. The Bollinger band opened significantly, the moving average was arranged in a bullish pattern, and the upward momentum was strong. Short-term support focuses on the moving average at 3315. If the correction does not break this position, the trend long order can follow up. If the key resistance of 3350 is effectively broken, it will further open up the upward space.
Gold operation suggestions: continue to go long after stepping back to 3320-3315, with a target of 3350. If it rises to around 3350 without breaking, you can arrange short-term short orders, with a target of 3330.
Flexible response is the best strategyGold rose sharply in the morning and continued to rise slowly during the day. Because of the divergence of indicators in the short cycle, it is difficult to exert further force. Today's market has been fluctuating between 3285 and 3320. In the evening, we will first look at the space for decline and repair, and then fall back to accumulate strength to stabilize and attack. The lower support will remain at 3285-3280, and then look at the low point of 3274. The upper resistance level will look at the existing high point of 3320. If it breaks through 3320, then pay attention to around 3345. Short positions will be entered when the pressure situation is met. Continue to remain bullish in the evening. In terms of operation, wait for a decline and gradually look up to 3320 and 3345.
Gold operation suggestions: go long on gold around 3290-3285, and look at 3315 and 3325.
Is the gold price far from 3,400?Information summary:
The trade war is a continuous war, and it has just begun. During Trump's four years in office, trade conflicts will continue to occur. Trade conflicts are means, not ends. The goal of the United States is to transfuse blood to its own economy through trade negotiations.
In addition, US inflation fell to a historic low of 2.3% in April. The Federal Reserve has not cut interest rates on the grounds that inflation will rebound. The Federal Reserve can't hold on for long. Cutting interest rates is the only antidote to boost the economy, and it is also a special medicine.
Next, once the Federal Reserve releases the wind of interest rate cuts, the market's risk aversion will be ignited again. In June, 6 trillion US bonds will mature. Regardless of the result this time, market sentiment will be worried, which is the key to driving price fluctuations.
Market analysis:
The 1-hour gold price broke through yesterday's high of $3,320. The previous pressure formed a new top-bottom conversion position, and the strong market was only a small correction in the middle. There is no need to worry about whether it will peak, but there must be a standard for judging the peak; this standard is: breaking the support position before the last decline, and the second rebound does not set a new high.
Operation strategy:
Go long when the price falls back to around $3,330, stop loss at $3,320, and profit range at $3,365-3,380.
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 fluctuates, short-term pullback continues to go long
Gold fluctuated and retreated on Tuesday, testing the lowest line of 3205 downward. It can be seen that the market still does not have continuity, and the fluctuation space is also narrowing. The 1H cycle began to close, and the market was brewing a unilateral trend. After the daily line rebounded, it fluctuated around the short-term moving average. The direction was not clear. Short-term trading should not be pursued and sold at a loss. Operations should be carried out at a certain point.
From the perspective of the hourly line cycle, it is testing the low point of Monday's retracement, forming a short-term double bottom structure. Pay attention to short-term retracement and long positions, pay attention to 3218/3226 support for long positions, and pay attention to 3252/3265 positions above.
Gold fluctuates, and the profit range is in this area
📌 Driving events
After a phone call with Trump yesterday, Russian President Vladimir Putin said that efforts to end the war in Ukraine are on track and Moscow is ready to work with Ukraine on a memorandum of understanding for a future peace agreement. The United States has begun serious trade negotiations with the European Union, which has slightly improved investor sentiment. These negotiations broke the long-standing deadlock and brought some hope for more deals after Washington signed a framework agreement with the United Kingdom earlier this month. Trump had previously said that he could also reach an agreement with India, Japan and South Korea, but the negotiations with Japan seemed to be deadlocked over the issue of automobile tariffs.
📊Commentary Analysis
Gold prices fluctuated narrowly throughout the day, mainly due to the weakening of the US dollar and safe-haven demand after Moody's downgraded the US government's credit rating.
💰Strategy Package
For intraday short-term operations, pay attention to the 3200 area for long opportunities and defend 3193. Pay attention to the 3235 area for short opportunities and defend 3242.
⭐️ 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
Gold Trends and Trading StrategiesThe gold market continued to fluctuate yesterday, and the price was repeatedly under pressure at the key position of 3250. At the weekly level, gold prices tried to rebound after bottoming out on Friday, but the upper short-term moving average formed technical suppression, and the daily line closed with a cross star with long upper and lower shadows, and the long-short game was fierce. From a technical perspective, the 4-hour chart shows a descending channel pattern. The price rebounded after testing the lower track of the channel many times, but it has never effectively broken through the 3250 central axis suppression. The hourly chart shows that the market maintains a rhythm of shock correction. The current daily line has two Yins and one Yang, but it has not effectively broken the previous low. It is expected that the bottoming and rebounding mode may continue today. In terms of operation, it is recommended to pay attention to the 3260-3200 range, and rely on the upper and lower edges of the channel to implement a high-altitude low-multiple strategy.
Gold operation suggestions:
1. Short near the rebound of 3247-3252, target 3230-3220.
2. Go long near the retracement of 3206-3215, target 3230-3245.
Perfect grasp of key points Insight into market trendsWith the downgrade of the U.S. credit rating and the recent weak U.S. economic data, market expectations for a U.S. interest rate cut have increased. The U.S. dollar index has plummeted and is once again facing the 100 mark. Risk aversion sentiment has rebounded again, and gold has once again been sought after. It opened higher in the Asian session. However, we have mentioned the repetitiveness of sentiment many times recently, so we remind you not to chase the rise too much. We remind you to short near 3245, long at 3209, and short again near 3245. Both long and short positions are very accurate, giving perfect entry opportunities and successfully taking profits.
Judging from the current trend, gold is under pressure again in the European session near 3248, and the US session has fallen back. The short-term strength has turned into a wide sweep again. Focus on the gains and losses of 3230. If it falls below or looks at the gap area of 3206-3203, go long if it falls back and does not break. The upper pressure is still focused on the area near 3253-60. Short-term fluctuations are increasing. If there is any adjustment, we will notify you in time.
Operation suggestion: Go long in gold near 3206-03, look at 3230 and 3252!