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XAUUSD remains bearish unless it breaks 3265🗞News side: 1. India considers using new Indus River project to cut water supply to Pakistan. 2. Pay attention to the news of Russia-Ukraine ceasefire negotiations today 📈Technical aspects: Today's opening correction is due to technical repair and adjustment, which is why I shorted. The support of 3200-3210 is of great significance to the short-term trend. If it can be supported here again, it may further promote the upward expansion space. However, after the rebound in the morning Asian session, it did not break through the 3265 line. On the contrary, the bulls began to weaken. Today is Friday, and the market is not expected to show a unilateral strong attitude. It will be treated as a shock during the day. Before breaking through 3265 above, we can short at a small level during the intraday rebound. Short-term operation suggestions, temporarily look at 3235-3240 on the upper side, and look at the support of 3210-3200 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. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
Gold has a strong deep V, 3200 support is good for longThe 1-hour moving average of gold begins to turn and continue, so the momentum of gold bears begins to weaken, and gold bulls may begin to exert their strength. However, gold started to rise all the way from 3120 to 3252 yesterday. Gold rose by about 130 points, so the volatility began to increase. Therefore, we must wait patiently for gold to adjust. Because of such a large fluctuation, an adjustment will also be tens of dollars. We must wait patiently for the adjustment and stabilize before going long. After gold breaks through 3192, it is considered a strong deep V breakthrough of important resistance. Then 3192 of gold has now become an important support level. If it falls back to 3192 in the Asian session, go long on dips. If gold falls back to near the 3200 mark, you can try to go long. Since gold has started to reverse strongly, gold bulls have begun to show their muscles. In the short term, we should not be stubbornly bearish anymore. We should be flexible and adapt to the market. The market is like this, changing rapidly. We should adapt to the market and not be too obsessed with bears or bulls. Obsession is a trap. Gold bulls are strong now, so gold is now the home of bulls. Go long when the Asian session falls back.
OANDA:XAUUSDLong
by TP_Daniel5
Gold price rises and then sells off?Information summary: Yesterday morning, gold prices soared due to the impact of international news, hitting an intraday high of $3,253. On Friday, Asian time, gold suddenly fell rapidly in the short term, and the price of gold currently fell to around $3,215/ounce, a sharp drop of nearly $28 in the day. Gold price targets higher, but the bullish potential is limited in the short term. The focus will be on the preliminary value of the University of Michigan Consumer Confidence Index in May. Technical analysis: Looking at the daily chart, gold prices rose on Thursday, but both the high and low points of the day moved down from the previous trading day. On the other hand, the 20-day moving average eased down to around $3,305/ounce, while the 100-day and 200-day moving averages maintained an upward tilt at a level far below the current gold price. Finally, the trend of technical indicators is upward, but it is still below the previous intraday high and in the negative range, which shows that buyer sentiment is not very high. The short-term trend shows that gold buyers still lack full confidence. You need to pay attention to the important support and resistance levels: Support level: $3,200; $3,175; $3,160. Resistance level: $3,230; $3,245. Operation strategy: Buy around $3,200, stop loss at $3,190, and profit range at $3,250-3,280.
OANDA:XAUUSDShort
by Quaid-1
Gold is abnormal, we still need to go long when we find an oppor Gold has a perfect V-shaped reversal today. It opened at 3177 and fell unilaterally in the Asian session. It hit 3120 at noon and then rose slowly. As of the time of writing, it has completely recovered the decline and is currently trading around 3195. I have analyzed the European session. After the gold price broke through the extreme drop of 3200, it needs to be repaired, but it has taken another rebound correction. The analysis also gave attention to 3156 to 3168 to continue to be bearish. With the slow rise and break, the bearish view is invalid. Now make a new analysis. Since the gold price has been rising slowly since 3120, let’s not guess whether this wave of upward movement is a rebound or a trend reversal. In terms of operation, I suggest to follow the trend and look at its upward movement first. Because we have analyzed the general trend before, it is still in the second wave of decline since the high-level decline and has not reached the trend target; secondly, the rebound of 70 points from the low level is not enough to judge the trend reversal. So first pay attention to the stagflation after this wave of slow bull trend and then make a trend judgment. At the hourly level, the gold price has been rising slowly since the opening of the US market. This slow rise is generally not a top. We will wait for a correction and break through the previous hourly K before analyzing it. In terms of specific operations, we can first follow the trend and enter the market with long orders, with protection at 3176. The upper target is 3110. After breaking through, wait for a correction of 8-10 points to continue to go long and look at 3239. Then pay attention to whether the 3200 mark can be stabilized at the close of today, which is related to our layout ideas at the end of the week.
TVC:GOLDShort
by Yuliya1l11
Gold changes trend? Latest analysis.Information summary: Due to the easing of trade tensions between the world's two largest economies; suppressing safe-haven demand, and investors waiting for US economic data for more clues on future interest rate trends. On Thursday, Asian time, gold prices fell to their lowest point in more than a month. At one point in the session, it hit the lowest level since April 10 at $3,120. The price has now rebounded to around $3,190. Technical analysis: Gold once again showed a trend of falling first and then rising, basically swallowing up all the declines in the Asian market. Is gold about to start a new round of rise? I don't think it is possible to judge that the upward trend is established now. Because from the weekly line, the price rushed up and fell back, and the more obvious signal is that it will fall again. From the daily rhythm, today fell first and then rose, and the short-term rise was strong, swallowing up all the declines in the Asian session and there are signs of continued rise. But in terms of rhythm, the watershed of the Asian session's decline is the integer mark of 3,200. If it continues to be suppressed below the watershed, the market will still fall. Operation strategy: Short around $3205, stop loss at $3215, profit range at $3180-3175. If the gold price breaks through the $3,200 resistance with strength and stays above this level, we need to change our strategy.
OANDA:XAUUSDShort
by Quaid-1
Gold prices fell by more than $50. Two news will be released.At the end of the Asian session, gold accelerated its decline, with the lowest price falling to around $3,123, and plummeting more than $50 during the day. Gold prices continued to fall in the Asian session and were under pressure from multiple factors. Optimism about Sino-US trade weakened gold's safe-haven effect. In addition, reduced bets on the Fed's rate cuts and rising US Treasury yields are also not conducive to gold prices. There are two pieces of news to pay attention to in today's trading market. 1. At 8:30 a.m. US time, the U.S. Census Bureau will release April retail sales data. 2. At 8:40 a.m. US time, Federal Reserve Chairman Powell will deliver an opening speech at the second Thomas Laubach Research Conference. (This conference will focus on research on monetary policy and economics, and is expected to provide an academic perspective for the Fed's commitment to review the monetary policy framework every five years.) Trading analysis: Gold prices have just fallen below the $3,140 support level, which makes gold prices vulnerable. Some follow-up selling could push gold further towards $3,100; if it falls below this level, gold could target $3,060. On the upside, if gold prices rise back above the $3,160-3,170 area, it could face strong resistance at the Asian session high and then $3,200. Any further gains in gold prices could be seen as selling opportunities and could lose upward momentum around $3,230. This is a key level, and if it breaks through this level, a new round of short-covering could push gold prices up to $3,265 to form resistance before moving towards the $3,300 mark. Market trading is risky, and I hope you will take profits in time; make a good profit.
OANDA:XAUUSDShort
by Quaid-1
Gold plummets, pay attention to the 3100 first-line support🗞News side: 1. Russia and Ukraine hold ceasefire talks 2. Initial jobless claims data released during today's US trading session 3. Trump administration exposed to trillions of national debt 📈Technical aspects: Gold has been in a sideways consolidation yesterday, and we did not have a good entry opportunity to trade in the evening. Today, it has been falling with inertia since the opening of the market. It has now fallen to around 3130, successfully breaking through 3150, the key early point. At present, the daily chart of gold is in a downward wedge arrangement, with the focus on 3130 support below and 3200 suppression above. If the European market cannot fall below 3130, then be wary of bullish counterattacks. On the other hand, if we fall below the 3130 line, we will fall back and continue to focus on the 60-day moving average support 3105-3110 area. Therefore, in terms of operation, gold will first focus on the 3130 first-line support. If it breaks below, wait for the 3105-3110 area and then consider buying based on the long-short game. The top target is the 3190-3200 area. If it does not break 3200, then go short! 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
OANDA:XAUUSDShort
by AllenBoswell
Gold price plunges suddenly. Technical analysis.Information summary: During the Asian session, gold prices suddenly plunged, and the price of gold has now hit a low of $3,148, down more than $44 from the intraday high of $3,192.78 hit earlier. Gold prices continued to fall after breaking the $3,200 support I predicted earlier, and gold prices fell to a one-month low, continuing the recent decline. The sharp reduction in tariffs between the United States and China has brought relief to global markets and led to a rebound, which has caused gold to correct and break through multiple technical levels. Technical analysis: In the short term, according to the 4-hour chart, the outlook for gold is bearish. Gold prices are trading below all of their moving averages, and the 20-period SMA has fallen below the 200-period SMA, which is located at $3,232, which will constitute an important resistance if the gold price trend recovers. Finally, technical indicators lack directional strength, but remain at negative levels, reflecting a lack of buying interest. I think traders need to pay attention to the latest important support and upward resistance levels: Support: $3140. Resistance: $3100; $3215; $3232.
OANDA:XAUUSDShort
by Quaid-1
Gold continues to fall seize the opportunity to enter the market 📌 Driving factors China-US container shipping routes rose sharply - factories rushed to produce overnight, taking advantage of the tariff cooling-off period, those who should stock up are working overtime to complete the tasks. This is the situation seen on the first day after the tariff reduction, indicating the complementarity between China-US trade. The long-awaited US-Japan and European and American tariffs have not yet ushered in substantial benefits, but Europe said that this is an unfair negotiation and has not been concluded yet. Trump went to the Middle East and signed a 100 billion weapons order, stabilizing the Middle East before Europe. 📊Comment analysis The Asian session fell in the morning, pay attention to a few points: 1. The upper watershed opened at 3193 in the morning, the short watershed. 2. Directly break the 3168 long watershed, the next support is at 3145, 3130. 3. For now, the Asian session will continue to fall in a cycle, the European session will pull back after breaking the bottom, and the US session will continue to retreat. 💰Strategy Package For short-term operations, short selling can be done near 3166, stop loss 3169, target 3140, 3135. Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof of being able to stand up from the sea of ​​blood and corpses.
OANDA:XAUUSDShort
by Labaron
2
Gold fell. How is the market?Gold fell sharply at the opening today, and the lowest point hit $3175. From the weekly line, this has already touched the weekly MA10 moving average position. Quaid believes that traders should not blindly carry out short strategies. If there is a price rebound, the rise will be very fast, and the market may not give you a chance to stop loss. From the 4H chart, we can see that gold has started a downward trend from last Friday's high of $3345. $3345-3307 is wave a. $3307-3360 is wave B. Currently, it is wave C from around $3360. However, this wave C has not ended yet. If we look at it by standard, it will be considered the end of this trend only when it goes down to around $3120. However, around $3175 is a support position. So now before it falls below $3175, gold may maintain a shock adjustment of $3200-3175. I think you need to pay attention to the short-term resistance level of $3200-3250. If it cannot be as strong as breaking, then we can still carry out a short strategy below 3200.
OANDA:XAUUSDShort
by Quaid-1
Do you think gold can still rise? Don't be naive. The support strength of 3200 should not be underestimated, but I don't think it is difficult to fall, it's just that the market is too weak. If you say that every decline is very fierce and infinitely close to the rebound of 3200 points, then you can say that it has strong support. The problem is that it only tried on Monday and never tried to break through since then? It just started to fluctuate after 3207 points. The so-called support effect must be accompanied by a rebound and counterattack, which can prove its significance, but have you seen a big rise in gold? I can only call it a slight rebound performance. . You have seen the rise, right? Soaring, continuous rise, retracement rise, unilateral rise, all of these premises require a steady stream of buying orders in the market, don't care why it is, it is like this when the emotional rise comes, does every rise not need any reason at all? But now you actually start to use CPI data or other news to see the rebound of gold. Isn't this originally contrary to the emotional rise? From offense to defense, you should be more static and wait until the market really goes up, not too far, to recover above 3,300 points, and then regain bullish interest, right? Or do you think the decline is over? Yes, I once shorted and thought that 3,200, 3,100, and 3,000 could not go up, and it was over, because I was also on the defensive at that time, but what was the result? Regarding last night's CPI, why was I able to excitedly notify everyone to short after seeing the data? The reason is very simple. Before the announcement, everyone thought that inflation would rebound in April, including me, after all, there was the impact of tariffs in April, but if there was no impact of tariffs, I would definitely think it would fall back, after all, the wage growth rate in the employment market in April was falling, and it would not cause spiral inflation. Even gold was sold in advance before the data was released, and it fell. I didn't expect that the inflation would fall back in the end, which was bullish for gold. This was already a surprise, and I couldn't help but short it after seeing it. The data was bullish, why short? Let me make it clear first, don't always say that gold is like this now. If you see good data, you go short, and if you see bad data, you go long. If you have this idea, you should put down your phone and work hard. The positive CPI proves that inflation is falling. On the other hand, the US job market is very stable now, and the economic activity PMI capacity is warming up. This means that the economy will have signs of a soft landing and will not cause the so-called stagflation. Moreover, at this stage, inflation has already fallen from 9.1% to the rated target of 2%. The Federal Reserve has successfully reduced inflation. Then I ask you, what do people want gold for at this time? Why not buy risky assets? Many people can't turn this corner. Let's put it this way. If inflation really rebounds during a period of high interest rates, what do you think the Federal Reserve will do? Raise interest rates, but who will bear the systemic risks caused by your interest rate hike? Isn't the collapse of SVB Bank an example? I won't talk about the pressure on companies and households to repay debts. Your concerns about stagflation will arise, and gold will take off without saying much. I hope you can understand this logic. So, why is there such a question as why gold doesn't rise when there are good news? Why would there be such a thing? Oscillating market is often the most complicated to analyze, but I like this complexity because it can broaden my trading horizons. Since Monday night, the low point headed by 3207 has started to fluctuate. Note that it is not a rebound, because it was flat until yesterday. . It was just that the final step back to 3225 formed this rising trend line. Although the angle is wider, it is at least an upward trend line, but the subsequent upward momentum is not enough. Last night, I gave a 42 short, 50 plus, and the retracement was controlled at 60. It rebounded directly at 25V, which is equivalent to giving the strategy an opportunity to increase the entry. It did not complete the reversal, otherwise the previous high point would have been broken long ago. You are an upward trend line, and the high point must be higher than the previous wave to maintain stability. As a result, it was directly lower than the previous high this morning. What do you think I am not bearish? Also, it is nothing to simply break the trend line, but if you break the previous low last night, you are doomed. You see, the current price is not only below the trend line, but also below 25, so there is a suspicion of a trend reversal on the right side, right? Although it cannot be called a reversal, gold has been at the bottom after a sharp drop, but as far as this rising trend line is concerned, it must turn into a falling trend line, otherwise gold will not fall when it pulls back to the trend line! Pressure has been formed here, so I know how to operate in the short term. I will directly bearish near 38, and the retracement only needs to be controlled at 50. You must look at 3200 points below. I compare the intraday decline. The second stage of the N-shaped decline should also be 3201. As for whether you break 3200, since we can get considerable trading profits last night, I definitely have the chips to try it, so I will bearish it!
TVC:GOLDShort
by Yuliya1l11
Gold price plummeted below 3200, how should gold be deployed?🗞News side: 1. The rise in U.S. stocks is worrisome, and the risk of backlash is growing. 2. Pay attention to initial unemployment claims data 📈Technical aspects: The US gold price fell below the key support of 3200. At present, the gold shorts continue to exert their strength and are expected to further test the support of 3170-3160, or even the previous key point of 3150. Before the market trend becomes clear, it is not recommended for brothers to enter the market at will. If the gold price successfully touches the support area below and obtains strong support, then enter the market to do more. 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
OANDA:XAUUSDLong
by AllenBoswell
1
Gold's consolidation is over and bears will break 3200!Gold market analysis: Short-term gold has entered a repair period. The previous tariff negotiations led to a sharp drop in gold. It has now fallen to around 3200 and is stuck. The shape and indicators show that 3200 is a super support. This position is greatly beneficial for selling on the weekly and daily lines. Yesterday, the daily cross star, the overall trend is still empty, the short-term repair range is 3265-3220. If you want to grasp the trend trading, sell at a high price and arrange the selling order. Lao Gu believes that the possibility of continuing to fall after the shock is over is greater, and it will break 3200 later. The daily moving average indicator is also broken. The gold fluctuation rhythm is very large, that is, a technical rebound and repair are basically dozens of points. It is most important for us to grasp the rhythm in operation. Today's idea can rely on the upper edge pressure of the shock to sell. If the Asian session rebounds around 3256 first, consider selling it first. There are opportunities for buying and selling in the volatile market. What we need is patience and waiting. In addition, the daily moving average begins to rush down, and selling begins to move. If it breaks 3200, we will consider selling. We must learn to follow the recent market. We rarely follow it before, because the recent gold will not turn back when it falls or rises, and the speed of buying and selling is also very fast. It is very important to control the rhythm. Support 3220, 3207, strong support 3200, pressure 3244, 3256, 3265, the watershed of strength and weakness of the market is 3230. Operation suggestion Gold-----short around 3256, target 3150-3200
OANDA:XAUUSDShort
by Toml1314
Gold starts a downward trend? Latest strategy.News focus: Today, Fed official Waller will give a speech; Tomorrow, the number of initial jobless claims, producer price index (PPI) and retail sales data will be released; On Friday, the market will usher in the University of Michigan Consumer Confidence Index report. Technical analysis: Gold fell rapidly in the Asian market, then rebounded slightly, and has been in a sideways trend. I think the recent volatility is more obvious, and there is still uncertainty whether the direction will be quickly completed. There are large differences in the current price of the short strategy, and it is impossible to make a decisive breakthrough in the short term. Operation strategy: Still adhere to the expectation of short-term decline, the rebound will not hinder the final decline expectation, and the strategy of shorting at high points will be maintained in the short term. You need to pay attention to the key support level of $3160. If the downward trend opens this position, the gold price may test the low position of 3100.
OANDA:XAUUSDShort
by Quaid-1
Gold has now fallen by 3200, and the next support level is 3160 📌 Driving factors As Sino-US trade tensions ease, market concerns about a global recession have eased, investor risk appetite has increased, and the attractiveness of gold as a safe-haven asset has declined, and gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening the safe-haven appeal of gold in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large number of sell-offs! Driven by bargain hunting, gold prices rebounded on Tuesday, and the weaker-than-expected US inflation data released that day also helped gold prices rise. However, trade optimism limits the strength of gold's rebound. 📊Commentary Analysis Gold began to fall in the early trading of the US market and is about to fall to our expected point. The support below is 3160! 💰Strategy Package 🔥Selling Gold Area: 3245-3240 SL 3250 TP1: $3230 TP2: $3210 TP3: $3190 🔥Buying Gold Area: $3167-$3165 SL $3160 TP1: $3178 TP2: $3189 TP3: $3200! Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof of being able to stand up from the mountains of corpses and seas of blood.
OANDA:XAUUSDShort
by Labaron
1
Focus on 3200 for some support during the day🗞News side: 1. Sino-US tariffs have been eased 2. U.S. trade progress and focus on geopolitical risks 📈Technical aspects: Yesterday we gave a long trading strategy and have been waiting to see whether the gold price can touch our target point of 3270. However, gold did not fluctuate much after the opening of the Asian market, so I chose to manually close the position near 3256. To be honest, the market did not fluctuate much today whether it was up or down, and it is still consolidating within our box range of 3220-3265. Although gold is generally weak, it has a higher probability of strengthening during the day, and the early gap may be ready for market recovery. At present, the gold price has tested the 3240 line many times. If it cannot stand above 3240, it may test the strong support of 3200 again. If there is no breakthrough below the strong 3200 support, the market may repeat 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
OANDA:XAUUSDShort
by AllenBoswell
Gold comprehensive analysis summaryTechnical analysis of gold: In recent trading days, gold has experienced a rapid decline during the Asian session, then stabilized and rebounded, fluctuated during the European session, and rebounded after rising in the US session. Today, under pressure during the Asian session, the high point of yesterday's US session, 3258-60, has already experienced a rapid decline. It depends on whether it can stabilize and rebound next. Overall, continue to pay attention to the medium-term support of 3202-07. Before breaking down, once the bulls stabilize, they will fill the gap of Monday's gap in the area of ​​3320-25; if it breaks down, it will open up the downward space, further 3160-3120, and then gradually fall to 3060 and the starting point of this round of bulls, 3000. The M top or W bottom we emphasized is still waiting for the market to choose! From the hourly chart, gold is currently facing some downward pressure, especially since the current price has fallen below the previous support range. After falling below the support level, the gold price rebounded again, but this rebound failed to break through the original support level and turned into resistance, indicating that the price has not recovered effectively. For now, multiple rebounds have hit around 3257 to form a double top pattern, and the scope of short-term long and short consolidation has been reduced. Including today's Asian session decline, it did not fall below the 3220 US dollar line. The short-term consolidation range temporarily refers to the 3257-3220 US dollar range, and the break will be adjusted. Today, the 1-hour SAR indicator 3246 pressure is referenced above. If it breaks above, it will look at the recent double top 3257 pressure short. Secondly, look at the 3265-78 range multi-directional suppression short. It is recommended to refer to the Asian session low near 3220 for long below. If it breaks below, it will look at the 3207-3200 range for long. On the whole, today's short-term operation strategy for gold is mainly to do more on the pullback and short on the rebound. The short-term focus on the upper side is the 3257-3265 line of resistance, and the short-term focus on the lower side is the 3215-3220 line of support. Gold operation strategy reference: short gold near 3250-3260, target near 3240-3230. Gold pullback near 3225-3220 to do more, target near 3240-3250.
OANDA:XAUUSDLong
by TP_Daniel5
Gold Building Bullish Momentum – Eyes on 3265 Breakout Chart Analysis: This chart shows Gold (XAU/USD) forming a strong support around the 3207 level, while repeatedly testing resistance near 3265. Price action indicates consolidation within a clear range. The blue zigzag projection suggests a potential higher low formation, followed by a bullish breakout if price breaks above the 3265 resistance level. The large upward arrow implies strong upside momentum could follow once that breakout occurs, possibly leading to a sharp rally. - Gold is trading within a well-defined range. A higher low formation may lead to a breakout above the 3265 resistance zone. If that level is cleared with momentum, we could see a strong bullish continuation. Watching closely for confirmation of this.
OANDA:XAUUSDLong
by UAE_USA_GOLD_TRADERS
Don't panic, gold will continue to fall. Don't worry, dear traders, gold is still falling. Two views remain unchanged: 1. After the trade talks between the United Kingdom and the United States and China are eased, Europe, the United States, Japan, the United States and Canada will follow suit, and the short-term tariffs will be eased. This wave of gold rise is actually affected by the increase in tariffs, so the ebb is also affected by the ebb of tariffs. 2. This agreement is only 90 days. In the long run, the tariff talks are only temporarily eased. Trade frictions have not been eliminated and will become more and more serious, so the logic of long-term gold rise has not changed. From a technical point of view, it has been cyclical recently: The cycles we often talk about have three forms, time, price, and trend. Look at the recent market yourself: 1. The opening is a retracement. 2. The continuity of the European market is not high and the rebound is the main one. 3. The volatility of the US market did not continue. 4. It will retrace around noon. I didn't say it, you didn't feel it, I said it, you can see if it is going this way recently. The same is true today. The market fell in a cycle around the opening, and the hourly line was in a continuous negative trend. The rebound continued to be short. 1. A correction in a weak situation, a single positive line is enough. 2. If the low point of yesterday's noon is broken, it means that the retracement will continue. 3. In terms of position, this kind of continuous decline pattern can be shorted by referring to the continued decline position in 5 minutes or the hourly line turning positive and pulling back. The first resistance level is 3232-33. 4. The morning continuous decline, the watershed morning high. 5. Whether the European session can break the previous low point is the key to weakness. 6. Still pay attention to the cycle. The European session is weak, and the US session continues to be short after the rebound. If the 3200 line is broken, the European session will fluctuate, and the US session will still fluctuate, and it will be weak in the early morning. 7. In any case, it should be noted that the possibility of gold's short-term retreat is very high, and it is not the right time, especially for long-term, short-term does not matter.
TVC:GOLDShort
by Yuliya1l11
The long and short gold competition continuesGold on Tuesday was more in line with our analysis ideas. We gave a short position at 3250-60, and the market conditions were also quite favorable for our entry opportunities. We notified the entry and exited with profits as gold fell back. The CPI was bullish and gold rebounded weakly, so our long positions were also safely exited with profits. Pay attention to the stabilization of the two supports of 3215-3225, and take 3200 as the turning point of the Fengshui Ridge. Hold it to continue to maintain the bottom shock operation or gradually rebound; once it breaks through 3270, the rebound will be strengthened to test the 3300 mark; if it breaks through 3300 and stabilizes, the downward adjustment will end and return to the upward trend; Then as long as 3270-3300 is still not suppressed in the middle, it will repeatedly rise and fall to test the bottom support; if 3200 is accidentally lost, it will point to 3160-3150, and you need to be mentally prepared in advance, hoping that it will not happen; looking at the 4-hour chart of gold: at this time, the 5-day short-term golden cross is expected to cross the 10-day, then above 3240 will become a certain support performance, and the key strong support is the annual moving average moving up to 3200; one resistance is the big Yin high point in front of 3290, which is also the dividing pressure, and the strong pressure is the middle track 3293, or close to the 3300 mark; pay attention to the gains and losses between support and resistance. The short-term focus on the upper side is the 3270-3290 resistance, and the short-term focus on the lower side is the 3215-3225 support.
OANDA:XAUUSDShort
by TP_Daniel5
3
Gold fluctuates. When will a new trend start?China and the United States reached a 90-day ceasefire agreement, and the price of gold returned to 3,200 from 3,400 US dollars. All traders are staring at the support level of 3,200 US dollars, and are very worried about whether it can withstand pressure; it will fall to a larger level, resulting in no trading opportunities for gold positions. I think your concerns are normal, and market fluctuations are also normal. There is no market that only rises and never falls; even in the bull market, there will be periodic adjustments. Next, the focus is on the maturity of US Treasury bonds in June. The impact of trade conflicts will soon be forgotten by the market; US CPI inflation continued to decline in April, from 2.4% in the early stage to 2.3%, getting closer and closer to the Fed's ultimate goal of 2%, which means that the Fed will soon have to restart the interest rate cut plan. Once the US Treasury bonds mature and default or trigger panic, or if Fed Chairman Powell reveals his intention to cut interest rates, gold will rise rapidly and may reach a high point within 1-2 days. Okay, everyone; you need to understand the basic situation, but the most important thing is the operation strategy during the Asian trading session. I think you can first test the long strategy around $3225, with a stop loss below 3215 and a profit in the rebound range of $3340-3360. Man, excessive worrying will not help; if you can't accept short-term volatility trading, you can wait and see and stay calm.
OANDA:XAUUSD
by Quaid-1
1
XAU/USD) Bullish trand line analysis Read The ChaptianSMC Trading point update Technical analysis of Gold Spot (XAUUSD) on the 4-hour timeframe, featuring key support and resistance levels, price action projections, and RSI for momentum evaluation. Here's a breakdown of the idea: Key Points in the Analysis: 1. Support & Resistance Zones: Big Support / Buying Zone: Around 3,222 – 3,240. This zone has seen previous bullish reversals and is supported by the 200 EMA. Intermediate Support Level: Around 3,270–3,290, where price might bounce before attempting a breakout. Key Resistance Level: Around 3,350–3,365. Price must break this area to move toward higher targets. 2. Price Action Projections: The analysis shows two bullish potential scenarios: Scenario 1: Price breaks above the resistance level directly and moves toward the target point at 3,535.83. Scenario 2: A retracement to the lower support or even the big buying zone before a bullish rally to the same target. 3. RSI (Relative Strength Index): Currently near the neutral zone (around 49), suggesting there's room for movement in either direction. No extreme overbought/oversold signals right now. 4. EMA (200): The price is currently hovering above the 200 EMA (3,222.01), which acts as a long-term support and trend indicator. Mr SMC Trading point Summary of the Trading Idea: Bias: Bullish Entry Zones: Look for long entries at either the support level (3,270–3,290) or lower buying zone (around 3,222). Target: 3,435.05 initially, then 3,535.83. Invalidation: A clear breakdown below the 3,222 support level could invalidate the bullish bias. Pelas support boost 🚀 analysis follow)
FX:XAUUSDLong
by SMC-Trading-Point
Bullish Reversal Forming at Key Support Zone – Targeting 3,450Instrument: Unspecified (likely XAU/USD or an index, judging by the price range) Current Price: ~3,250.100 Indicators Used: EMA 50 (Red): 3,284.255 EMA 200 (Blue): 3,287.152 🟣 Key Zones: Support Zone: Around 3,200 – a strong demand zone where price previously bounced. Target Zone: Around 3,450 – the last major resistance and recent high. 📉 Current Price Action: Price recently tested the support zone and is forming a potential double bottom pattern. EMAs are above the price, indicating a short-term bearish trend, but the price holding support may suggest a possible reversal. A bullish trajectory is drawn, projecting a potential rise toward the target zone at 3,450. 📈 Potential Trade Idea (Hypothetical): Entry: Near current price or on pullback to the small support box (~3,240) Stop-loss: Below the major support (~3,190) Take-profit: Around 3,450 ⚠️ Key Considerations: Price needs to break above the EMAs to confirm momentum shift. Watch for confirmation with bullish candlesticks or volume spike. Failure to hold the 3,200 support could invalidate this setup.
OANDA:XAUUSDLong
by MrStellanSight
13