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CPI data released. Impact on gold prices?Gold suffered a setback this week; but then it rose to $3,250 and began to fluctuate slightly. CPI data was released this morning, but it did not have a big impact on gold. The current price is still in a sideways trend. Two support positions need to be paid attention to today: Downward $3,230 support line, if it falls below this position, the gold price will quickly reach below $3,200. Upward $3,270 resistance line, if it breaks through the resistance position strongly, there is hope to try to break through $3,300. Quaid believes that if the gold price fails to break through today and presents a new trend, it is likely to continue the sideways trend.
OANDA:XAUUSDShort
by Quaid-1
1
Gold is also hesitating whether to break the position or not. It is not unfair to say that gold fluctuates slowly. I mentioned in my article yesterday that it depends on the closing level of gold. Different closings represent different meanings. 3235 was treated as the standard watershed on that day. As a result, gold fluctuated sideways in the afternoon despite the rebound of US stocks. In terms of the daily structure, it closed with a middle-yin candle with a lower shadow, and closed flat at 3235. There is more than 200 points of pressure above, and it can close flat, which means that gold does have something. Of course, just closing flat does not completely mean that gold bulls are back. It can only be said that bulls are still in the market and have not completely fled. Then it is normal for gold to rebound after testing 3200 again and receiving support. There are also reasons in terms of market sentiment. Judging from the main speculative sentiment report, it has been a long-term horizontal bullish trend. From the perspective of capital sentiment, global stock markets were soaring on Monday. The easing of the trade war between the world's two major economies encouraged funds to no longer simply entrench themselves in gold and began to bloom in multiple directions. That being said, let's count them: 91% of retaliatory tariffs were canceled; 24% of reciprocal tariffs were suspended for 90 days; 20% of fentanyl tariffs were not mentioned; 10% of universal tariffs remained the same. The current retained tariffs are still very high, and they will inevitably leave traces in the economy, such as stagflation effects such as price increases and economic slowdown. In this way, the temporary easing is actually still on the surface and has not really solved the fundamental differences that led to the dispute. The most important thing is that the US trade deficit with China still exists. It is impossible to reshape the sweater relationship between the two sides in the short term. Any disturbance during this period will directly affect the attitude of safe-haven funds. Especially the CPI data released by the US market tonight, the expected value of the unadjusted CPI annual rate in April is the same as the previous value of 2.4%, and the monthly rate is relatively high. At this time, there is a basic problem. April has entered the battle of tariffs. Throughout April, the market has regarded gold as a lifeline. For example, when you see that daily necessities are about to be taxed and raised in price, what will you do? Right, so if nothing unexpected happens, inflation caused by tariffs will rise. The good thing is that in terms of energy in April, the price of crude oil is straight down, so it offsets part of inflation. In principle, the impact of this announcement should be small. As for the core data, I personally think that it will rise compared with the previous value, that is, no matter how it is collected, there will be a limited situation of favorable factors. After the midday trading, gold once probed upward and has tested the resistance level of 3260. I just calculated gold. It is originally adjusted by fundamentals, so it is still treated as an adjustment, that is, rebound and open short, or break and follow up. Secondly, draw a channel according to the four-hour chart, and combine it with Fibonacci. Pay attention to 77-91 in the middle track of the Bollinger Band. If a reversal signal appears in this range, you can consider entering the market based on the signal to see a decline. At that time, you need to pay attention to 3219 and 3207 below. If the integer level is broken, you can also consider further lowering the gold target to the range of 3160±10. Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy
TVC:GOLDShort
by Yuliya1l11
Gold fell and then rose to $3,250. Next trend?News summary: After two days of negotiations in Geneva, China and the United States announced that they would reduce tariffs on each other in the next three months: the US tariff on Chinese imports would be reduced from 145% to 30%, and China's tariff on US goods would be reduced from 125% to 10%. This news pushed global stock markets up. Boosted by the agreement, market risk appetite has increased, investors' concerns about the US recession have eased, and expectations for the Fed's aggressive rate cuts this year have also declined accordingly, which has pushed the US dollar to continue to strengthen, and gold, as a traditional safe-haven asset, has come under pressure. Technical analysis: Gold prices fell below the 21-day moving average on Monday, when the average was at $3,313, further increasing downside risks. The 14-day relative strength index also fell below the midline for the first time since early April, sending a bearish signal. Buyers are trying to regain control of the situation. Traders need to pay attention to the release of US CPI data. I think if the US CPI data is higher than expected, gold prices may start a new round of decline, with the target being $3,145 near the 50-day moving average. The important support level below is $3,100. On the contrary, if the CPI data is lower than expected, gold prices are expected to re-enter the 21-day SMA, which is currently $3,311. Once this resistance is broken, it will test the trend line resistance at $3,430. If it breaks further, the trend will open up space for gold prices to hit the historical high of $3,500.
OANDA:XAUUSD
by Quaid-1
Today's gold trend analysis, go long in batches🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: Since the US and China lowered some tariffs after the negotiation, the US dollar has recovered some of its losses, but gold has not completely recovered some of its losses. At present, the price of gold has once again retreated to near the 3260 line. Although the hourly level MACD indicator shows a golden cross, the daily level is still a dead cross and heavy volume. Then in the short term, the gold price may show some counter-twitching momentum before the US dollar steps back to confirm support, or it may touch near the 3277 line. The gold price may fall further after the US dollar steps back to confirm the support. From a technical point of view, the upper daily resistance is near 3287, while the lower first-line support of 3200 is strong, and there is a tendency to form a double bottom. The European market can consider using 3250-40 US dollars as a support point, and the early trading low near 3220 as a defensive position. First, let's see the gold price continue to rebound to 3277-80-87, unless the European market weakens and breaks the Asian low, and then the US market adjusts. Temporarily, we will see a rebound correction. 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:XAUUSDLong
by AllenBoswell
Gold rebound is a good time to shortGold has been in a volatile state since the opening today, opening at 3236 and reaching a high of 3243. It is currently fluctuating in the form of shocks. With the comprehensive ceasefire between India and Pakistan and the peace talks in the Sino-US tariff war, gold will still be in a downward trend. Although it is in a downward trend, we should not chase the short position directly. We can just treat the rebound as shorting. The main trend is still to short on the rebound. After all, the general trend is bearish. In the 4-hour chart, the weak stage is oscillating downwards, and the resistance of the middle rail has moved down to the 3300 mark. At the same time, there is still a gap to be filled, and it is currently in shock above the neckline. There are two differentiated moves here. One is to go sideways and weakly consolidate and then directly break the neckline of 3200 and go for in-depth adjustments. The other is to rebound above 3200 to correct and build momentum, forming a wave of poised to break low. One is weak consolidation to break low, and the other is poised to break low. Overall, it is optimistic that the market will break through the low of 3200, but it reflects the various changes in the short-term form. The upper 3250-3260 range has gathered intensive trading resistance, forming short-term strong pressure. In short-term operation, first go short on rallies below 3260, and first look at the profit from this wave of correction! Next, we will look at the previous low support of 3200. If the position is broken, we will continue to see the downward continuation. If the position is not broken, we will place long orders on the backhand. At that time, we will choose the opportunity to lay out the long-term plan based on the support of 3200. On the whole, today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The upper short-term focus is on the 3248-3252 resistance line, and the lower short-term focus is on the 3200-3160 support line. Gold operation suggestion: short gold near 3245-3255, target around 3220-3210. Gold will go long when it pulls back around 3210-3200, with the target around 3230-3250.
OANDA:XAUUSDShort
by TP_Daniel5
2
Gold turning point. What signals are hidden?Overall analysis of gold trend: Gold prices suffered a setback under the influence of the optimism of tomorrow's US-China negotiations. The core reason for the decline in gold prices is the breakthrough in global tariff negotiations. The key factor driving the rise in gold prices early on: Tariff concerns are significantly easing, which directly leads to the gold market entering a phased consolidation. I think the price of gold will fluctuate in the range of US$3,000-3,300 per ounce for some time to come. This forecast range is significantly narrower than before, reflecting that in the current complex and changing market environment, gold price fluctuations will tend to be rational. I think the gold price at this time is already at the crossroads of an important trend. The current gold market is facing a fierce game between long and short factors. On the one hand, the optimism brought about by the easing of trade tensions suppresses gold prices; on the other hand, the safe-haven demand generated by economic uncertainty, potential spot shortages, and the continued inflow of ETF funds provide support for gold prices. This complex market environment makes the trend of gold prices full of variables. For traders, it is more necessary to remain rational in the current market environment, pay attention to short-term price fluctuations, and grasp the long-term value of gold as a safe-haven asset. The next round of big market in the gold market may be nurtured in these seemingly contradictory market signals. Operation strategy: Traders need to try to adopt scalping trading strategies in the current small fluctuation range, enter the market in time, and take profits in time. The current fluctuation range is between $3200 and $3245. You can try to short near the high point and long at the low point, so that you can reap a small profit. If you are a large-capital customer who can withstand market fluctuations, you can hold the position and wait and see for part of the time, and then choose the appropriate time to close the position.
OANDA:XAUUSD
by Quaid-1
Gold is trading sideways, can the bearish trend continue?🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: The trading strategy given today, if brothers have reference and follow the trading strategy to participate in long orders, I think you should all have good gains on hand. At present, gold is in consolidation, the 4H moving average is in a short position, and the MACD dead cross continues to increase, so the short-term short momentum still exists. From a technical point of view, in the downward trend from last week's high of 3347 to the current low of 3207, 3260 is at a key position. Therefore, we pay attention to the possibility of gold rebounding to 3260 in the evening. 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:XAUUSDShort
by AllenBoswell
Gold plunged. Will it rebound?Market Summary: Gold prices suddenly saw a new round of selling in Asian markets on Monday, and the price of gold just fell to $3,210/ounce, reaching today's low, a drop of nearly $110. Gold prices weakened at the beginning of the new week as the latest optimism about the US-China trade agreement continued to weaken demand for traditional safe-haven assets. At the same time, positive signals from the US-China negotiations eased market concerns about a US recession. This, coupled with the Fed's hawkish comments, helped the dollar stabilize near multi-week highs and put pressure on gold. The gold price trend seems quite fragile. Gold prices fell and broke below the main bullish trend line in the short term, which sent a bearish signal, indicating that the trend may change. I think the US-China trade agreement will have an impact on gold prices for a period of time. Technical Analysis: Gold's 4-hour level oscillation downward trend is relatively obvious, and the shape is a step downward. After the gold gapped down, there was a large gap. The gold rebound was unable to continue to fall. It is not easy to cover it in the short term. It will be covered in the process of the market. On the whole, for the short-term operation of gold today, Quide suggested that the rebound should be shorted as the main strategy, and the retracement should be long as the auxiliary strategy. The short-term trading should focus on the upward resistance of 3240-3250 US dollars, and the downward resistance should focus on the support position of 3200-3190 US dollars. Today's operation strategy: Operation strategy 1: Short the price when it rebounds to around 3245 US dollars, stop loss at 3260 US dollars, and take profit near 3210. Operation strategy 2: Long the price when it falls back to 3210 US dollars, stop loss at 3200 US dollars, and take profit near 3240.
OANDA:XAUUSDShort
by Quaid-1
Seize the moment! The rebound is a good opportunity to shortGold was affected by the implementation of the China-US tariffs and the ceasefire between India and Pakistan, which weakened the market's risk aversion sentiment. The weekly line formed a double-needle top pattern, and continued to see downward adjustments this week. The daily line also has a double top structure, with 3500 and 3435 as double tops, and the neckline focuses on 3202. If it falls below, the double top pattern is confirmed. In terms of thinking, keep falling back and adjusting, with pressure focusing on 3260 and 3283, and support below focusing on 3200-3202. In terms of operation, rebound high and short are the main, and falling back is supplemented by long. Operation suggestion: short gold when it rebounds to around 3255-65, and look at 3320 and 3200. long gold when it falls back to around 3210-3200, and look at 3320 and 3250.
OANDA:XAUUSDShort
by TP_Daniel5
(XAU/USD) Bearish Trade Setup – Targeting $3,222 with 1:6 Risk/REntry Point: Around 3,409.33 - 3,408.41 USD. Stop Loss: 3,437.87 USD. Target (Take Profit): 3,222.53 USD. Risk/Reward Ratio: Approximately 1:6, which is favorable. 📉 Price Action & Trend Analysis: A rising wedge (or channel) appears to have formed and broken to the downside — a bearish signal. The current price at 3,341.47 has broken below a minor support zone (highlighted in purple), indicating bearish momentum. Price is now approaching the 200 EMA, which is acting as potential dynamic support. 📌 Key Levels Highlighted: Support Zones: Near 3,347.47 (previous minor support) and 3,222.53 (main target zone). Resistance Zones: At the entry level and above, near 3,437.87 (Stop Loss zone). 🔄 Indicators: Moving Averages (Red and Blue Lines): Shorter-term moving average (red) is below the longer-term (blue), indicating downward pressure. Momentum Shift: The sharp drop suggests a likely continuation of the bearish trend.
CAPITALCOM:GOLDShort
by EA_GOLD_MAN_COPY_TRADE
31
It’s the right time to go shortLast week, gold came under pressure at the key resistance of 3356 and then fluctuated downwards. The market jumped short and opened low, directly breaking through the support to a low of 3259, and the daily line continued the downward trend. The current market is in the daily level adjustment stage, but the downward momentum is strong and the risk of breaking continues to accumulate. From a technical perspective, 3280 constitutes a short-term upward resistance. If the rebound is blocked, you can still choose to arrange short orders; there is strong support near 3240 below, and it is necessary to pay attention to whether this position can be effectively broken to confirm the accelerated decline. On the news side, the easing of the Sino-US tariff situation has weakened the market's risk aversion sentiment. In addition, the bullish momentum of gold has been exhausted after the previous consecutive rises, and the recent weak and volatile pattern has become prominent. Gold recommendation: short near 3280-3290, target 3270-3260.
OANDA:XAUUSDShort
by TP_Daniel5
2
Gold opening rise and fall prediction？The current gold market is in a range of fluctuations, maintaining a wide range of fluctuations. Technically, the key support level below is still focused on the 3270 area, while the 3450 price level above constitutes a significant double-top structural resistance level. Although the conclusion of the US-UK tariff agreement has a phased negative effect on precious metals at the geopolitical level and may provide a demonstration effect for other regional trade negotiations, the overall technical structure still maintains a downward trend. At the daily level, the recent K-line combination has completed a deep retracement from the 3500 mark with two long negative lines, directly breaking through an important support platform. The current daily K-line continues to close the adjustment pattern with an upper shadow line, and the alternating yin and yang oscillation rhythm conforms to the technical correction characteristics. It is worth noting that the 50-period moving average continues a clear downward trajectory, forming a resonance suppression with the double-top structure in the 3450 area. The 1-hour gold chart shows that the short-term price trend presents a clear downward channel feature, and the seller's power continues to dominate the market. Combined with the Fibonacci extension level calculation, the first target below can still focus on the 3300 area. If this support platform is lost, the price will have a technical demand to further explore the 3320 integer mark. The current volume and price coordination shows that the market is brewing a new wave of trending market conditions. It is necessary to pay close attention to the breakthrough direction of the 3300-3380 range, which will determine the continuation or reversal of the medium-term trend. Taken together, the short-term operation of gold is recommended to be mainly longs on callbacks, supplemented by shorts on rebounds. The top short-term focus is on the first-line resistance of 3360-3380, and the bottom short-term focus is on the first-line support of 3320-3300.
OANDA:XAUUSDLong
by TP_Daniel5
1
View on the short-term trend of gold!📌Fundamentals: Gold prices fell sharply. After Trump announced a "breakthrough" trade deal with the UK, market expectations for more similar deals increased, weakening gold's appeal as a safe-haven asset. 📊Technological aspects: Gold quickly fell in the Asian session and then quickly stretched back up. As of now, it has stood above 3320. So the possibility of gold falling again is relatively small. And there is a possibility that gold will further hit Thursday's high of 3360-70. If 3202 to 3435 is regarded as wave a, then 3438 to today's low of 3275 is wave b. So the current rebound from 3275 will go up in wave c. The first suppression position above is 3360-70, the high point of yesterday's rebound. At present, gold has stabilized above 3320, so the next bullish target for gold is to test 3360-70. After the pressure appears, follow the trend and go short.
OANDA:XAUUSDLong
by TP_Daniel5
Gold head and shoulders bottom trend, bull market strong?🗞News side: 1. Tariffs push up inflation and slow down the economy, and the Federal Reserve may be in trouble 2. The situation between India and Pakistan escalates again 📈Technical aspects: At the hourly level, today's Asian session continued the "wash-out" operation characteristics, quickly rising by 20 US dollars at the opening, and then stepped back to 3310 to confirm the top and bottom conversion support level. The two positive lines seemed to form a "yang-enclosing-yin" upward attack pattern, but suddenly reversed, not only breaking the trend support line of 3280, but also falling to 3274 before bottoming out and rebounding. This erratic trend has a significant long-short double kill effect for investors accustomed to trend continuation strategies. However, we can accurately find the right position in the market to trade and make profits. At present, it is expected to form a "head and shoulders bottom" pattern from a morphological perspective, accumulating momentum for subsequent rises, and there is still room for upside in the short term. At present, any pullback is an opportunity for us to go long. Pay attention to the 3360-3370 line suppression on the top. If this resistance area is broken, it may open up a new round of upward space. TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSD
by AllenBoswell
2
GOLD → sideways fluctuations. Will it break the resistance levelNews summary: US President Trump announced a trade agreement with the UK, which raised hopes of reaching such an agreement with other countries, eased market tensions, suppressed gold's safe-haven buying, and the rise in the US dollar, US stocks and US bond yields also suppressed gold prices. US Treasury Secretary Bensont and Trade Representative Greer will talk with China's top economic officials in Switzerland in the near future. Quaid reminds everyone that market concerns have not completely dissipated, and it is necessary to pay attention to the support of bargain hunting. The European Commission said earlier that if negotiations with Washington fail to cancel a series of tariffs imposed by US President Trump, the EU is considering taking countermeasures against US imports worth up to 95 billion euros. Close attention needs to be paid to news related to the international trade situation and changes in market sentiment during this trading day. Support level analysis: 3310-3300 US dollars/ounce: 3300 US dollars is a psychological barrier and technical support for the confirmation of the previous price retracement. If it falls below 3300, it may fall to the 3280 US dollar area. Resistance level analysis: 3360-3375 USD/ounce: Gold is currently above the convergence and oscillation range. 3360-3375 USD is the high pressure level of the previous day's box consolidation. If it breaks through this position strongly, the upward space will open up. Technical analysis: Gold is in a high-level oscillation and convergence range. The 4-hour MACD indicator shows that the short-selling momentum is weakening, but the hourly chart shows that the price is still constrained by the downward trend line. If gold prices stabilize at $3,300, it may trigger a rebound to $3,350-3,360; if it falls below $3,280, it may accelerate the downward trend. if it falls below 3280 USD, it may accelerate the downward trend. Operation strategy: Bull strategy: Long at 3315-3325 USD, stop loss at 3305 USD, target position at 3350-3360 USD. Short strategy: short at $3365-3375, stop loss at $3380, target position at $3330-3300.
OANDA:XAUUSD
by Quaid-1
GOLD→Beware of market reversal? News is coming soon.At the end of the Asian session, the US dollar index was around 100.05. Gold rebounded after the plunge, and the current gold price is around $3,320/ounce. Investors will see a large number of speeches by Fed officials, among which Williams' remarks are the most watched and are expected to trigger a big market trend. Today's major news: New York Fed President Williams will deliver a keynote speech at the 2025 Reykjavik Economic Conference. Later, Williams will speak at the Hoover Monetary Policy Conference. I think if Williams makes hawkish remarks, it may push the dollar stronger, thereby suppressing gold prices. Williams also serves as vice chairman of the Federal Open Market Committee and has permanent voting rights like the Fed governors. In terms of monetary policy, Weems has the most say after Chairman Powell. Williams also served as chairman of the San Francisco Fed for nearly 7 years. There are also several events taking place today: Fed Governor Kugler will speak on maximizing employment; North Richmond Fed President Barkin will participate in a fireside chat; Chicago Fed President Goolsbee will deliver a welcome and opening speech at a Fed event. Gold price trend forecast: I think its price may fall further to $3,200-3,100/ounce in the next few weeks. I hope my analysis can help you, and I wish you good luck.
OANDA:XAUUSDShort
by Quaid-1
Gold price fell after a surge? Continue the downward trend?Analysis of gold market trend: Gold price surged in the morning of Asian session, but then fell to around $3,315. Market situation analysis shows that gold price continued the trend of yesterday in Asian time, rising rapidly in the morning, and then began to decline. It fell to $3,275 in the morning, and then rose to today's high of $3,330. From the perspective of the gold hourly line, it began to rise after a brief decline in the morning of Asian session, effectively breaking through the resistance level of 3,315 and rising to a high of $3,330 for a short time. Then a downward trend appeared. This high-level fluctuation shows that the market is in a big wash and is brewing a new trend. I think the downward space may be around $3,300. Operation strategy: Short around $3,320, stop loss at $3,330, and take profit at $3,300.
OANDA:XAUUSDShort
by Quaid-1
Gold prices pulled back. Will prices continue to fall?Latest news: Trump announced a trade deal with the UK, which boosted market risk appetite; coupled with a sharp rise in the US dollar and US bond yields, gold prices plummeted in the Asian morning trading session. US President Trump and British Prime Minister Starmer announced a "breakthrough agreement" on trade, which made market traders predict that the United States would also reach such an agreement with other countries. This prediction has made market buyers lose motivation. Quaid believes that if the United States and China reach an agreement, gold prices will face great resistance to rise, and gold prices should fall back to $3,200/ounce. Market trading analysis: The upward trend of gold paused and started a sharp decline. As described by the RSI, buyers are losing momentum. This is not good for gold, and the price has now fallen below $3,300/ounce. Quaid believes that it will continue to fall and may fall to the cycle low of $3,202/ounce. Short-term trading strategy: Short at 3280, stop loss at 3290, and take profit at 3260. Quaid believes that if the price of gold falls below the downward resistance level of 3275, you can continue to hold your position and choose the right time to trade.
OANDA:XAUUSDShort
by Quaid-1
The buy low and long strategy is coming！From the 4-hour analysis, the support below is around 3308-3300. If it does not break, the main bullish trend will remain unchanged. The upper side pays attention to the short-term suppression of 3360-66. The daily level stabilizes above this position and continues to maintain the low-multiple rhythm. Gold operation strategy: 1. If gold falls back on the 3325-3320 line, go long, and if it falls back on the 3310-3300 line, it will cover long positions. The target is 3355-3360.
OANDA:XAUUSDLong
by TP_Daniel5
Pay attention to 3360 and go short if it does not break🗞News side: 1. China and the United States hold talks on trade issues 2. India-Pakistan conflict escalates again 3. Geopolitical risks 📈Technical aspects: At present, gold has fallen below the trend line support. In the short term, we should focus on the battle for 3360. This point is not only the previous support-to-resistance level, but also the key signal for judging the trend reversal. If it cannot hold on to this position, the short trend will continue; if it recovers effectively, it may return to above 3400. Before losing the defensive line (the last starting and falling point) 3360-3362, the bears will still have the upper hand. It just so happens that the 4H lifeline is also in the 3360-3362 area. If the suppression is successful, the price will enter the 3362-3284 area from the lifeline to the lower track. The rebound layout of the US market operation is short-selling, with the target at 3340-3330, and further support at 3310-3300. 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. TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
Gold prices are plummeting, is a bear market coming?🗞News side: 1. China and the United States hold talks on trade issues 2. India-Pakistan conflict escalates again 3. Geopolitical risks 📈Technical aspects: Today, gold surged to the 3410 line and then ushered in a sharp fall, with the lowest touching near the 3322 line. We also seized the opportunity to notify our VIPs to enter the market, and all VIP members made good gains. At present, gold is still following the news, and the fundamental influencing factors are relatively complicated. Retail investors who trade alone can easily get caught up in the recent gold fluctuations. The gold price fluctuated repeatedly around 3340. The European session focused on the conversion suppression of the 3350-3360 support area. The 4H Bollinger Bands showed a closing shape. If the gold price cannot stand above 3350, then the bulls need to be repaired in the short term before they can continue to rise. The European session focused on the 3350-3360 resistance above and the 3310-3300 support 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. OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell
With the Federal Reserve on hold, gold is ushering in a new engi At 2 pm yesterday, the Federal Reserve announced that it would keep the benchmark interest rate unchanged at 4.25%-4.50%, in line with market expectations, and remained unchanged for the third consecutive meeting. After the announcement of the Fed's interest rate decision, the market continued to believe that the Fed would cut interest rates before July, and still expected three rate cuts this year. Then Fed Chairman Powell downplayed any impression that the central bank would use interest rate cuts to ease the economic weakness caused by Trump's tariff policy at a press conference in the early morning. Powell used the word "wait" 22 times to emphasize that the Fed is not in a hurry. He said: "We think the cost of waiting is quite low, so we are doing it." Powell said: "In this case, we can't take the initiative because we don't actually know what the correct response to the data is until we see more data." Powell hinted that the Fed will only cut interest rates after seeing evidence of a significant slowdown in the economy, and it may cut interest rates soon. Returning to the market, first of all, from the gold daily chart, it can be seen that the current trend of gold is basically similar to that of the first half of the month. There was a sharp retracement last week, and then the bottom daily line closed with a cross star, followed by a sharp rebound. The current market is basically copying the previous market. If nothing unexpected happens, if it goes up in this trend, 3500 is very likely not the high point, and it is only a matter of time before a new high is reached. In addition, from the 4-hour chart, yesterday, the bottom 3360 was tested many times, but it failed to break down. Today, the opening was stretched from 3360 to above 3400. 3360 is a intensive trading area suppression position in the early stage. After breaking through 3360 on Tuesday, it has not fallen below this position so far. So, we can currently regard 3360 as an important support position. So we can regard 3360 as the 618 support position, so as to infer the high point position. As you can see in the picture, I have also marked the point, which is about 3450-60. Finally, let's look at the hourly chart. You can see that from 3360 to the morning high of 3415, the Fibonacci position 50% position and 382 position are about 3390-85. It is also about the lowest position of the callback. In terms of future operations, you can basically rely on 3390-85 to enter the market and do more. The upper target can basically see the 3440-60 range.
TVC:GOLDLong
by Yuliya1l11