GOLD Price Analysis: Key Insights for Next Week Trading DecisionIn this video, I break down last week’s gold price action and give you a detailed outlook for the week ahead. With gold closing around $3,260 and major macroeconomic shifts unfolding—including the Israel-Iran ceasefire talks, rising US dollar strength, and concerns over the US Q1 GDP contraction, we are at a turning point.
📉 Will weakening economic data force the Fed to pivot?
📈 Could this create a fresh bullish wave for gold?
Or will stronger job numbers and inflation data drag gold lower?
✅ What you’ll learn in this video:
✅Key fundamental drivers affecting gold (XAU/USD)
✅Important economic events to watch (Fed Chair speech, NFP, ISM)
✅My technical analysis of gold price levels to watch
✅How to read the current market sentiment like a pro
✅Strategic trading zones for bulls and bears
🔔 Don’t forget to like the video in support of this work.
Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.
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Goldprice
Gold continues to be weak, but be careful about operations
📣Gold prices fell 2% last Friday, hitting a near one-month low. Optimistic trade-related agreements boosted risk appetite and weakened the attractiveness of gold as a safe-haven asset. This week, the market will usher in a group meeting of major central bank governors around the world (Fed Chairman Powell, European Central Bank President Lagarde, Bank of England Governor Bailey, Bank of Japan Governor Kazuo Ueda, and Bank of Korea Governor Lee Chang-yong). The market will also usher in non-agricultural data. In addition, Powell's remarks on whether to resign may ignite the market this week. Gold prices may fluctuate more around the lower track of the Bollinger Band at $3,270/ounce this week.
Technical analysis:
Last Friday, the K-line had a lower shadow, and the Bollinger Band did not diverge. It is not easy to go short directly in operation, but wait for the rebound to confirm 3295 and the key resistance of ma5 to be short.
💰 Operation strategy: Rebound to 3280-3283 to go short, target 3270-3265, stop loss 3288-3290
XAU/USD) bearish Trand analysis Read The captionSMC trading point update
Technical analysis of (XAU/USD) on a short-term timeframe, incorporating several key tools and concepts:
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Overview of the Analysis
Price Level (Current): Around $3,273.40
EMA 200 (Blue Line): Around $3,337.95 (signaling broader trend)
Resistance Zone (Yellow Box): Between approximately $3,300–$3,320
Support/Target Zone: Around $3,231.11
RSI (Relative Strength Index): At 32.88, which is near oversold territory (below 30)
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Interpretation of Chart Structure
1. Descending Channel:
Price is moving within a downward-sloping channel.
Suggests a bearish trend is in play.
2. Resistance Level (Yellow Box):
Price is expected to retest this area and face resistance.
Confluence of a supply zone and upper trendline, reinforcing its strength.
3. Projected Price Action:
Price may climb back up into the resistance zone.
A rejection is anticipated, leading to another leg down.
The target is around $3,231.11, which matches previous measured moves.
4. Measured Moves (Blue Arrows):
Highlights historical price drops of ~79 points.
Repeating this pattern suggests symmetry and continuation.
5. RSI Indicator:
Currently at 32.88: nearing oversold, but not quite.
No clear bullish divergence, so price could drop further.
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Trade Idea Summary
Bias: Bearish
Entry Zone: Near $3,300–$3,320 (resistance)
Target: Around $3,231.11
Invalidation: If price breaks and holds above $3,337–$3,340 (EMA 200 and channel breakout)
Mr SMC Trading point
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Caution/Considerations
Watch for false breakouts above the resistance zone.
Monitor RSI for potential bullish divergence that could invalidate the downside.
Be cautious around the U.S. economic news event icon, which might cause volatility.
plesse support boost 🚀 this analysis)
Navigating Gold Futures: Support, Resistance, and ProjectionsCOMEX:GC1!
The chart appears to depict a clear five-wave pattern: I, II, III, IV, and V.
Waves I to III show strong upward movements, indicating bullish sentiment.
Wave IV looks like it could be a corrective phase, with a potential dip before another upward movement in Wave V.
Support and Resistance Levels:
The horizontal lines around 2,800 and 2,575.3 indicate critical Fibonacci retracement levels (38.20% and 50%).
If the price approaches these levels during the correction, they could serve as support, making it a potential buying opportunity.
RSI Indicator:
From the bottom indicator (RSI), we can see fluctuations in momentum, which can aid in timing trades.
Look for interpretations of the RSI: if it trends towards the extremes (overbought/oversold), that could signal reversal points.
Future Projections:
Should the market respect the outlined support levels, Wave V could potentially push towards a new high above 4,000 as indicated by the upward projection.
Market Sentiment:
Overall, the pattern suggests a bullish outlook long-term, but caution is warranted during corrective phases as prices might retrace towards support levels.
"BREAKOUT ALERT! XAU/EUR Bear Raid – Get In Before The Drop!"🤑 GOLD HEIST ALERT! 🚨 XAU/EUR Bearish Raid Plan (Thief Trading Style) 💰🔥
🌟 Greetings, Market Pirates & Profit Snatchers! 🌟
Based on the 🔥Thief Trading Strategy🔥, we’re plotting a high-stakes bearish raid on XAU/EUR ("The Gold Market"). Our mission? Short the breakout & loot the downside!
🎯 TRADE SETUP (Scalping/Day Trade)
Entry (Sell Zone) 📉: 2841.00 – Wait for Neutral Level breakout, then strike!
Pro Tip: Place sell-stop below support or sell-limit on pullback (15-30min TF).
Set an ALERT! Don’t miss the breakout moment.
Stop Loss 🛑:
"Stop right there, cowboy! 🤠 If you’re entering on a sell-stop, DO NOT set SL before breakout!
Thief SL Rule: Nearest swing high (30min TF) – Adjust based on your risk & lot size.
Rebels, be warned – stray at your own peril! 🔥
Target 🎯: 2815.00 (Lock profits & escape like a pro thief!)
💡 WHY THIS HEIST? (Bearish Triggers)
Technical Setup: Oversold bounce? Trap. Strong bearish reversal brewing.
Fundamentals: Macro risks, COT data, geopolitics – Gold’s under pressure!
News Alert 🚨: High-impact events ahead! Avoid new trades during news – trail stops to protect gains.
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Like & Boost this idea to strengthen our robbery crew! More loot = more winning trades. Stay tuned for the next heist! 🚀💰
⚠️ Disclaimer: Trade at your own risk. This is not financial advice – just a strategic raid plan. Manage risk wisely!
"The Great Gold Heist" – XAU/USD Master Plan🏆 "The Great Gold Heist" – XAU/USD Master Plan (High-Risk, High-Reward Loot!) 🚨💰
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🔥 Based on the legendary Thief Trading Strategy (technical + fundamental heist tactics), here’s our blueprint to STEAL massive profits from the XAU/USD (Gold vs. Dollar) market! 🔥
🎯 The Heist Plan (Long Entry Setup)
Entry Point 📈: *"The vault is UNLOCKED! Swipe bullish loot at any price—but for a cleaner steal, set Buy Limits within 15-30M recent swing lows/highs. ALERT UP! ⏰"*
Stop Loss 🛑: "Thief’s SL hides at the nearest swing low (3H TF: 3250.00) OR below the last daily candle wick. Adjust based on your risk appetite & lot size!"
Target 🏴☠️: 3490.00 (or escape early if the cops—err, bears—show up!)
⚡ Scalper’s Quick Loot Guide:
"Only scalp LONG! Rich? Go all-in. Broke? Join the swing traders & rob slow ‘n’ steady. Use Trailing SL to lock profits!"
📊 Market Status:
XAU/USD (GOLD) – Neutral (But Bullish Sneak Attack Likely! 🐂💥)
"The heist is ON, but watch for traps—overbought zones, consolidation, and bearish robbers lurking!"
🔍 Pro Thief Moves:
✅ Fundamentals Matter! (COT Reports, Geopolitics, Macro Data, Sentiment—check our BIO0 for the full loot list!) 🔗👉🏻☝🏻
✅ News = Danger! Avoid new trades during releases. Trail your SLs to protect stolen cash! 📰🚨
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Non-agricultural data is coming. Will it affect the market trendBecause there will be non-agricultural data next week, Quaid thinks that the market will not be in a hurry to perform at the beginning of the week. And Friday is the US Independence Day, and the market will be closed in advance; maybe only Wednesday and Thursday are really needed.
This week, gold closed below 3300, and the daily line was also broken, and gold officially entered a bearish trend.
First look at the monthly line chart
Because next Monday is the last day of June, the monthly line will start to close, so you can still pay attention to the support of the monthly line. The MA5 moving average below the monthly line is currently around 3170. Moreover, with the support of non-agricultural data next week, the possibility of touching around 3170 is not ruled out.
Secondly, from the weekly line chart
The weekly line is basically the same as the monthly line. The MA20 moving average below is also around 3170. So next week, I think we should focus on around 3170. The monthly line and the weekly line resonate, so the probability of touching this position is very high.
Finally, let's look at the daily chart. The daily chart shows a downward trend and the short-term support has been broken. The current support is around 3250. I think there is a high probability of a small sideways consolidation at the beginning of the week. If the market conditions are eager to change, it may rebound slightly and then continue to decline. If it falls below 3250, it will continue to fall towards 3200. If this level is broken, it may hit the low point of 3170-3175.
"Stealing Gold Profits: XAU/USD Long Setup (Risk-Reward Heist)"🔥 GOLD HEIST ALERT: XAU/USD Breakout Robbery Plan (Long Setup) 🔥
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📈 ENTRY: THE HEIST BEGINS!
Wait for Resistance Breakout (3400.00) → Then strike!
Buy Stop Orders: Place above Moving Average.
Buy Limit Orders: Use 15M/30M pullbacks (swing lows/highs).
Pro Tip: Set a chart ALERT to catch the breakout live!
🛑 STOP LOSS: DON’T GET CAUGHT!
For Buy Stop Orders: Never set SL before breakout!
Thief’s SL Spot: Recent swing low (4H timeframe).
Adjust SL based on your risk, lot size, and order count.
Rebel Traders: Place SL wherever—but you’ve been warned! 🔥
🏴☠️ TARGET: 3480.00
Scalpers: Long-only! Use trailing SL to lock profits.
Swing Traders: Join the robbery crew for bigger gains.
📊 MARKET CONTEXT:
XAU/USD is neutral but primed for bullish moves 🐂. Watch:
Fundamentals (COT Reports, GeoPolitics, News).
Intermarket Trends & Sentiment.
Positioning & Future Targets (Check our bio0 for analysis linkss!).
⚠️ TRADING ALERTS:
News Releases = High Volatility!
Avoid new trades during major news.
Use Trailing SL to protect open positions.
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A new golden week, grasp it with the best condition
Good weekend everyone, this week's trading time is over, and next week's trading time will also enter the countdown. No matter how you grasp the market this week, whether happy or sad, Theo hopes that everyone will not bring your mood to the trading environment next week.
After all, next week is also a new beginning of the week. In the new week, everyone should be prepared for a new state. A good state should be persevered, and a bad state should be adjusted. With a good state to grasp the market trend of next week, I believe you can also be invincible and grasp the market better!
📊Technical aspects
Gold did not break through the upper pressure at midnight on Friday. Gold fell directly after opening in the morning on Friday. The bears broke through the previous 3295 support line, and the lowest level in the evening was 3255, closing at around 3274.
The daily line also closed in the form of a big negative line, with an obvious downward trend, and all the previous support will also turn into pressure. The short-term moving average system crossed downward to accumulate energy for the bears. Since the closing did not break through the upper 3300 pressure level, we will continue to rebound and short next week. After all, the technical side is still short, and only by following the trend can we keep up with the rhythm of eating meat.
From the 4-hour analysis, the upper short-term resistance is around 3295-3301, with special attention paid to the suppression at 3316. In terms of operation, the rebound continues to be the main short and the trend looks down. The lower short-term support is around 3250-3255. The overall main tone of high-altitude participation remains unchanged relying on this range.
💰Strategy Package
Short Position:3290-3300,SL:3315,Target: 3240-3250
Next week's market trend analysisShort-term technical analysis of gold next week:
After gold was horizontally consolidated below 3400, it had two relatively large retracements. The short-term downward channel, the upper edge of the channel is currently around 3340, which is also the turning point of the short-term long and short cycles that we need to pay attention to later.
Has the current big rhythm entered a weak position?
Daily level analysis: After reaching 3500, gold is still in a trend of high-level consolidation, and there is a periodic switch between long and short positions, and there is no extremely strong or weak rhythm. In this consolidation process, there are two relatively large retracements: the first from 3500 to 3200 space 300 points, the second from 3435 to 3120 space 315 points. In other words, in the current daily level cycle, the maximum decline is around 300 US dollars. Not exceeding this maximum retracement value, to a certain extent, it is still in the rhythm of high-level correction. According to the range of this space retracement, the limit of the daily retracement is around 3150, with an error of about 20 points. However, the daily range is large, so it is too early to talk about this threshold.
At present, the short-term pressure points of 0.618 and the top and bottom structures are all around 3300. Another point for everyone to pay attention to: in the market with a small cycle of negative decline, once there is a sideways trend. Don't take it as support! The price is consolidating horizontally, which only means that the current bulls are weak in pulling back and the change of weakness must be a strong pullback to break through the big negative. Similarly, the slow rise market is the same.
The first support below in the short term is around 3250. The strong support is at the integer level of 3200. Once this position is reached, it will become a repeated test position like 3400.
Gold fluctuates and rebounds, don't chase shorts at low levels
💡Message Strategy
Yesterday, Thursday, we believed that the easing of tensions in the Middle East, the cooling of market risk aversion, and the hawkish stance of the Federal Reserve, which believed that the possibility of rate cuts should not be overly expected, suppressed expectations of rapid rate cuts, dragged down the dollar, and jointly suppressed the trend of gold.
However, trade uncertainty, geopolitical situation and expectations of rate cuts still support gold prices, which temporarily supports gold's rebound from a three-week low. Therefore, in terms of operations, it is recommended that everyone pay attention to the upper pressure of $3,345, followed by $3,357, and the lower support of $3,325, followed by $3,310.
From the subsequent trend, during the Asian session, gold fell back to $3,330 and stabilized. After the opening of the European session, the gold price rebounded and rose to $3,350 and encountered resistance. After that, gold fluctuated and fell. The decline continued after the opening of the US session, falling to $3,310 and stabilizing. After the rebound of $3,336 and encountering resistance, gold fell again, and continued to fall after the opening of Friday, refreshing the June low to $3,291, and performing weakly in the short term.
Overall, gold rebounded to $3,350 on Thursday and encountered resistance, then fell back to $3,310 and stabilized. It basically operated between the support and pressure levels we gave. On Friday, the gold price tried to break downward, and the short-term downside risk increased.
📊Technical aspects
On the daily chart, gold fell from a two-month high and rebounded from a low in June this week, but as gold prices fell back on Thursday, the short-term trend of gold prices turned downward again. For gold's upper pressure, pay attention to the integer position of $3,300, followed by Thursday's low of $3,310, and the 1-hour Bollinger band middle track of $3,325;
For gold's lower support, pay attention to the current intraday low of $3,291, which is also the lower track of the daily Bollinger band. A downward break may increase the risk of short-term decline. Pay attention to the two lows of $3,270 and $3,250 when gold prices rebounded at the end of May.
The 5-day moving average and MACD indicator cross, and the KDJ and RSI indicators cross. The short-term technical aspect shows that gold prices are at risk of continuing to fall.
💰Strategy Package
Short Position:3275-3295,SL:3315,Target: 3240-3250
Gold has been falling continuously. Will it continue next week?Market review:
The conflict between Israel and Iran intensified, and gold surged in the early stage, and then continued to fluctuate downward. Affected by the situation in the Middle East and weak data from the United States, it fell severely in three trading days, and most of the other time periods were in the stage of repeated washing.
The first round of decline began at the high point of 3452. Affected by the situation in the Middle East, the price rose rapidly, but the rapid rise led to insufficient upward momentum, and the departure of buyers led to continuous declines in a single trading day. The second round of decline was affected by the easing of the conflict between Iran and Israel, and the US dollar, crude oil, and gold all plunged sharply; the third round of decline was Powell's wait-and-see attitude towards the interest rate cut policy, and some US data were bearish for gold, leading to a new round of decline.
Market outlook for next week:
The breaking of the key support bands of 3303 and 3295 means that the downward adjustment has not ended, but after touching the support near 3250, there was a clear bottoming out and recovery. It means that there is strong support below, and the focus of next week's opening is the emergence of price rebound. There were rebounds to varying degrees after the previous two rounds of decline, so this round of decline still needs to be paid attention to. The strategy mainly revolves around shorting on price rebound, with a focus on the upward suppression range of 3285-3310.
If the rebound is small, then at the beginning of next week, it is likely to maintain a small fluctuation in the range of 3270-3285.
Gold Rebounds After Filling Gap >> Bullish Continuation in SightHello guys!
Gold (XAU/USD) is showing signs of strength on the 4H chart after filling a key gap around the $3,290 level and bouncing off it with bullish intent.
🔹 What I see:
– Price previously broke out of a broad descending channel, flipping the structure bullish
– After forming a rising wedge, Gold corrected lower and filled the gap
– The zone around $3,290 acted as solid support, and the current bounce suggests bulls are regaining control
📈 Outlook:
If this bounce holds and momentum builds, the next area of interest is clearly marked:
🎯 First Target: $3,466 – an area of prior structure and possible supply
📍 Current Price: $3,329
🟢 Bias: Bullish (above $3,290)
🔴 Invalidated below: $3,244
This setup offers a favorable risk-to-reward opportunity if the structure continues holding. Keep an eye on price action near the recent local highs for confirmation.
Will the FALL continues?Last trade idea was fulfilled and went into the downside. Targeted 3250. If this 3250 major support area breaks down, we can expect a bigger downside move.
However, there’s a huge buying that happened at that level. It may first have a pullback upwards before it continues its decline. RSI is also at oversold level.
Bullish reversal can be confirmed if 3350 gets broken.
Gold (XAU/USD) Bearish Trade Setup – June 27, 2025Entry Point: Around 3,300.98 USD
Stop Loss (SL): ~3,312.20 USD
Take Profit (TP): 3,229.33 USD
Current Price: 3,286.15 USD
Risk-Reward Ratio: ~1:6.3
(Potential reward ≈ 71.65 pts; risk ≈ 11.22 pts)
Technical Breakdown:
Trend:
The price is in a short-term downtrend, supported by:
Lower highs and lower lows.
Price trading below both 50 EMA (red) and 200 EMA (blue), confirming bearish momentum.
Bearish Breakout:
Price broke below a key support-turned-resistance zone near 3,300–3,302, triggering sell pressure.
Resistance Area:
Strong rejection at 3,302–3,312 zone, which is now acting as resistance.
SL is placed just above this zone to protect against false breakouts.
Target Zone:
TP set at 3,229.33, aligning with a previous support zone — a logical area for price to react.
Strategy Notes:
Bias: Bearish
Entry confirmation: Already triggered.
Risk Management: SL placement is tight and strategic; RR ratio is highly favorable.
Next support below TP: If 3,229 breaks, further downside could follow.
Summary:
This setup shows a well-defined bearish continuation with a clean break of support, a controlled SL above resistance, and a strong RR ratio. A suitable trade for trend-following strategies, but price must not retrace above 3,312 for this idea to remain valid.
Gold Continues to Fall Below $3,300As the week comes to a close, gold is on track for a decline of more than 1.5% during the latest trading session. So far, the bearish bias remains firmly in place in the movements of the precious metal, as demand for safe-haven assets continues to fade, mainly due to the ceasefire agreement in the Middle East conflict, which has helped restore market confidence. Since gold is a classic safe-haven asset, demand has steadily weakened in recent sessions, and as long as this situation holds, selling pressure on gold may continue to intensify.
Uptrend Breaks:
Recent selling activity has played a crucial role, as it has led to a bearish breakout below the short-term trendline, which had been consistently holding on the chart. This breakdown has now opened the door for a lateral channel to form, suggesting that market sentiment has entered a more neutral zone in the short term. If bearish pressure continues, it could pave the way for a more dominant downtrend to take shape in the sessions ahead.
Indicators:
RSI: The RSI line has started oscillating steadily below the 50 level, signaling that downward momentum is beginning to dominate. If the line continues to move away from the neutral 50 level, we could expect more consistent bearish pressure on the chart.
MACD: A similar setup is emerging on the MACD. The indicator's histogram has dropped below the neutral line at zero and is showing persistent negative readings. This signals that selling momentum remains dominant, based on the average strength of the moving averages. If this continues, it would confirm a clear bearish bias.
Key Levels to Watch:
$3,300 – Current barrier: This level aligns with the midpoint of the short-term lateral channel. Price action around this area could reinforce the neutral outlook in the near term.
$3,400 – Key resistance zone: This level marks the historical highs of the gold market. A return to this level would revive the recently abandoned bullish trend and could reestablish a more optimistic outlook.
$3,200 – Critical support: This marks the lower boundary of the short-term channel. A breakdown below this level could trigger a fresh selling trend in the coming sessions.
Written by Julian Pineda, CFA – Market Analyst
XAUUSD/GOLD/SellThe pressure from the bears is too great. In the end, the pressure from above was not broken. Instead, it broke out and fell after being under pressure. The stop loss was hit.
The current price is 3285. After gradually boosting the US dollar index. The trend of gold prices has continued to fall. More importantly, the tariff issue has been eased. At the same time, geopolitical factors are also orderly and stable. This is the news that caused the bears to attack.
History has not become the savior because of repeating itself. Of course, this is also an emergency. In some transactions, the extremely low probability of causing losses is a common problem in transactions. However, our analysis team has stabilized a high trading win rate.
Then the next trading plan is still to focus on the pressure from above. If the London market rebounds above 3300. It is still mainly selling. 3314 is an important level for short-term rebound, and we need to pay attention. Although there is no obvious sign of rebound yet, the release of short-selling pressure has been alleviated because the decline is slow. Today's main trading idea is still to sell at high levels.
The target is to focus on the position of 3264-3248. Remember the risk of buying at low levels. Do not trade independently.
The data is negative. Will the price rebound from the bottom?Gold prices have continued to fall since the high near 3450. This trading day started the downward mode near 3328, and the European session continued to fall, breaking a new low. The negative PCE data also continued the downward mode. So far, it has rebounded after hitting the lowest level near 3255. However, the rebound is small, and the upper pressure is still very strong.
From the 4-hour chart, short-term resistance focuses on the vicinity of 3295-3300, followed by important pressure near 3315. The short-term support below focuses on the vicinity of 3265-3270. The overall strategy of shorting at high positions remains unchanged based on this range.
Operation strategy:
Short at the price rebound near 3295, short covering at the high point of 3315, stop loss 3325, profit range 3370-3360.
At present, the price fluctuates greatly. If you want to try scalping transactions, you can trade with a light position and float up and down 5 points to stop loss or profit in time.
This is the last trading day of this week. I hope you all will gain something and have a happy weekend with your family.
Long & Short Entry Forecast For GoldCooling war tensions seem to be cooling the Gold bullish rally as well.
But we're still in the same range since April 15th and will likely stay in the range until further notice *or the next tweet*
The Sell entry is great now cos we're near the top of the high volume node, so even if we consolidate around that POC this sell entry will still be putting us closest to the top of the node.
Hold your sell and TP at the VAL . We have a very deep low volume area there and its being a point of support since April. So we can place bets with small risk on hoping it holds cos if it doesn't, it wont be pretty. That is still the best place to buy regardless. So manage your risk accordingly
TP 1 for the Buy trade is at the POC , which also happens to be the top of the huge volume node. Totally make sense to take a decent chunk of profit of your position there, then move you stop loss into profit and grab some pop corn. Depending on the news , the best case scenario of for the uptrend is to continue all the way up to TP2 which is at the VAH
Secure the bag :)
Enjoy
6.27 Gold rebounds and adjusts, don't chase shorts at low levelsGold fell below this week's low of 3295 today. As of now, gold has hit 3285 and is fluctuating. Don't chase the short position and short it when it rebounds. Now you can only wait patiently for the rebound before entering the short position. Be a steady hunter and wait patiently for the appearance of prey!
Gold is now focusing on the short-term suppression of the upper 3301-3306 line, focusing on the suppression of the upper 3314-16 line, and the support below is 3276-80. Short it when it rebounds.
Strategy ideas:
1. Gold rebounds to 3301-3306 line and shorts lightly, rebounds to 3314-16 line to cover short position, stop loss 3324, target 3280-85 line;
Gold fluctuates, operate at the right time!
💡Message Strategy
Trump called Powell "terrible" and said he was considering three or four candidates to replace Powell. Meanwhile, the Wall Street Journal reported that Trump was even considering announcing a potential successor as early as September or October.
The current mainstream narrative in the market is that once Trump nominates a new Fed chairman, market expectations will tend to favor a more "dovish" Fed. This in turn could lead to a weaker dollar, higher U.S. long-term Treasury yields, and higher stock prices.
Powell testified before the U.S. Senate on Wednesday that while Trump's tariffs could trigger a one-off price increase, the risk of sustained inflation is significant enough for the Fed to be cautious about further rate cuts.
Markets are now focused on U.S. GDP data due out that day and will closely watch personal consumption expenditures (PCE) data on Friday for further clues on whether the Fed will cut rates.
On the geopolitical front, a ceasefire between Israel and Iran appeared to hold on Wednesday. Trump hailed the swift end to the 12-day conflict at a NATO summit and said he would seek a commitment from Iran to abandon its nuclear ambitions in talks next week.
📊Technical aspects
From the 1-hour analysis, the upper resistance is around 3350. The intraday rebound relies on this position to continue the main short-term decline. The lower short-term support focuses on the 3300-3310 integer mark, and the upper pressure focuses on the 3350 mark.
The overall support relies on this range to maintain the main tone of high-altitude low-multiple cycle participation. The short-term long-short strength and weakness watershed is 3370. It is difficult to say that it is strong before the daily level breaks through and stands on this position. Pay attention to the specific operation strategy in time.
💰Strategy Package
Short Position:3340-3350,SL:3320,Target: 3310-3300
Long Position:3310-3320,SL:3290,Target: 3350-3360
Waiting for data release to rebound and short📰 Impact of news:
1. PCE and Consumer Index
📈 Market analysis:
The current price of 3280 has a higher profit and loss ratio advantage. Technical indicators show that the hourly chart is severely oversold. Combined with the top and bottom conversion of 3300 above, there is a 20-point rebound space in the short term. If the PCE data is in line with the trend, gold prices are expected to quickly regain the 3,300 mark. Note that negative data beyond expectations may cause a brief decline.
🏅 Trading strategies:
BUY 3295-3280-3275
TP 3298-3300-3310
SELL 3300-3310
TP 3290-3280-3260-3250
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.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD