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Goldtradingidea

There are opportunities for both bulls and bears in gold!Gold fell back and closed lower yesterday. The daily line closed with a negative cross overnight. The overall market has not changed much. The short-term repeated tug-of-war is temporarily consolidating. Today is the closing of the weekly line, and we will continue to maintain the volatile thinking. In the 4H cycle, the Bollinger Bands closed, temporarily exerting pressure on the middle track. After rebounding to 3350 yesterday, it failed to continue and remained in a weak shock pattern. Therefore, today's operation is mainly short and supplemented by long. The upper pressure is at 3328 and 3336. Short according to the rebound strength, pay attention to the rise and fall of 3310 below. A breakthrough may see the previous low of 3295. If the support is not broken, you can consider going long.🔔For more specific operation details and strategy updates, please pay attention to the notification 🌐 at the bottom. Gold operation suggestion: short gold around 3328-3338, target 3315-3310.
OANDA:XAUUSDShort
by TP_Daniel
It’s the right time to make a golden layout!Gold opened at 3328 today and started the downward mode. After the European session, it continued to fall and broke the new low. The negative opening data of the US session also continued the downward mode. So far, it has reached the lowest point of 3255 and rebounded, but the strength is not very strong. After all, the upper pressure is still very strong. In the short term, we pay attention to the previous low point of 3295-3300, and focus on the upper 3305-3311. Today, the short-term operation of gold is mainly short-selling on rebounds, and long-selling on callbacks is supplemented. From the 4-hour analysis, the upper short-term resistance is around 3295-3300, with focus on the important suppression at 3305-3311. The rebound will continue to be mainly short and look to fall back. The lower short-term support is around 3255-3245. Relying on this range as a whole, the main tone of high-altitude and low-multiple participation remains unchanged. Gold operation strategy: 1. Short-selling in batches near the rebound of gold near 3295-3310, with a target of 3380-3370. 2. When gold falls back to around 3345-3455, go long in batches, with the target at 3370-3380.
OANDA:XAUUSDShort
by TP_Daniel
Gold rebound is blocked and high-altitude strategy continuesGold continued its bullish correction yesterday, reaching 3336 in the European session, and continued to retreat in the US session, reaching a low of around 3312 before temporarily stopping, and started a second pullback correction, and finally closed around 3332. Today, it opened at 3333, rebounded to 3340, and then entered a shock consolidation. Currently, the upper side focuses on the suppression of the 3342-3350 area. If the price cannot effectively break through and stand firm in this area, gold still has room for further retracement. In terms of operation, it will continue to rely on this suppression range to maintain a high-altitude thinking during the day, and follow the trend to see a decline. The recent market trends are basically the same, bottoming out and rebounding. In terms of strategy, keep a sense of rhythm and mainly short at highs.For more specific operation points, please pay attention to the notification at the bottom🌐.
OANDA:XAUUSDShort
by TP_Daniel
Opportunities only come to those who ambush in advanceAfter Trump announced that Israel and Iran had reached a comprehensive ceasefire agreement, the market's risk aversion sentiment cooled significantly, and the price of gold once plummeted by more than $30. Although the stability of the ceasefire agreement is in doubt, the rebound in risk appetite dominates the market trend, with stock markets rebounding, oil prices falling, and demand for safe-haven assets falling. Powell will deliver a semi-annual monetary policy testimony, and the market is paying attention to his statement on the timing of the July rate cut. At present, the internal differences of the Federal Reserve on interest rate cuts have intensified. If Powell sends a signal that the number of interest rate cuts this year is limited, it may strengthen the rebound of the US dollar and suppress gold prices; on the contrary, if the stance is dovish, it may ease the downward pressure on gold prices. In the short term, the fading of geopolitical risks and the warming of risk appetite are the main reasons for the decline in gold prices, but the weakening of the US dollar and the potential dovish tendency of the Federal Reserve still provide support. In the medium and long term, global economic uncertainty, geopolitical risks and expectations of the Federal Reserve's loose policy still constitute structural support for gold. From a technical perspective, the gold daily moving average system is in an intertwined state, and the forces of bulls and bears are relatively balanced. The current short-term resistance above is around 3320-3333, which is an important psychological level. If an effective breakthrough is achieved or the upside space is opened, the support below will focus on the 3285-3295 line, which is the lower edge of the May oscillation platform. If it falls below, the pressure of the correction may increase. The loss of the middle track in the 4-hour chart further confirms the short-term weak structure and provides technical support for the downward trend. It is recommended to go long on the pullback near 3285-3295. At present, gold continues to fall in line with the trend.
OANDA:XAUUSDLong
by TP_Daniel
The golden storm is coming again, are you ready?Gold rebounded after falling back to 3333 in the first wave, and then rebounded to 3357 in the second wave before falling again, breaking through the previous low of 3333 and accelerating down to 3316. Currently, the short-term trend has stabilized in the 3316 area, which is also the support level for multiple rebounds in the previous period. After continuing to fall today, it has not broken through. We have arranged long orders in the 3316-3317 area in advance and have taken profits near 3331. Gold rebounded after stepping back again. Our long order plan is still in position. If the subsequent rebound breaks through the 3333 line, it is expected to further rise to the 3340-3348 area. We will try to short in this area. In the short-term structure, the upper resistance focuses on the 3340-3348 area, and the lower support focuses on the 3310-3315 area. 3300-3305 is the watershed between the strength of long and short positions in the short term. The daily level is still under pressure as a whole, and the main idea of ​​high altitude continues. Gold operation strategy: short gold when it rebounds to around 3340-3348, target the 3330-3320 range.
OANDA:XAUUSDShort
by TP_Daniel
Are you ready for the next wave of gold market?Gold fell back as expected after opening high. Today's strategy arranged long orders at 3350-3352, and successfully closed the market at around 3362 with profit. The subsequent three short orders also closed the market at a profit as expected. The points were perfectly predicted, and the long and short positions were perfectly grasped during the day. The strategic ideas were disclosed in advance and all were fulfilled. At present, the overall trend of gold is still bullish, and it is in the adjustment stage in the short term. The large range this week is 3340-3405. Although there is a rebound, the upward pressure is still not small, and the gold price may continue the wide range of long and short fluctuations. Pay attention to the 3355-3340 area below. In terms of operation, long orders are arranged according to the strength of the retreat; pay attention to 3385 in the short term above. If it can effectively break through, look at 3395-3405. The strong pressure is still at the 3405 line. If it does not break, it will still fall under pressure. On the contrary, if it stabilizes, it is expected to hit last week's high. Operation suggestion: When gold falls back to around 3355-3340, long orders can be arranged in batches, with the target at 3370-3380. Short orders will be adjusted according to the real-time market, please pay attention to the bottom 🌐 notification for specific points.
OANDA:XAUUSDLong
by TP_Daniel
It’s the right time to make a golden layout!Last Friday, the overall gold price continued to be suppressed and fell back to fluctuate and adjust. Finally, it stabilized at the 3340 mark before closing and rebounded and fluctuated. The daily K line closed with a fluctuating number K. The overall gold price continued to be suppressed and fluctuated in the near term. However, the US military attacked Iran's nuclear facilities over the weekend, exacerbating geopolitical tensions in the Middle East, and the market's risk aversion sentiment heated up. Today, the gold price jumped high and fell back into a volatile state. In the short term, the gold price is likely to continue the wide range of long and short fluctuations, and continue to trade time for space. Although gold opened high and went low, it still did not break the bullish trend channel. Looking for opportunities to go long after stepping back is also the current trend. From the current market trend, today's technical support below is around 3345-3355, focusing on the gains and losses of the 3340 line; the upper short-term resistance is around 3380-3385, focusing on the 3395-3405 line. Relying on this range to maintain the main tone of high-altitude low-multiple cycle participation during the day, the middle position is always more watchful and less active, cautious pursuit of orders, and patiently waiting for key points to enter the market. Gold operation strategy: go long when gold falls back to around 3350-3355, and add to long positions when it falls back to 3340-3345. The target is 3370-3380.Counter-trend short orders will be entered at an appropriate time based on market changes, and the specific points will be subject to the bottom 🌐 notification.
OANDA:XAUUSDLong
by TP_Daniel
Follow the trend and go short, and buy when the price falls backAffected by the situation in the Middle East, gold opened higher and lower again on Monday, and the trend was exactly the same as last Monday. After the opening, gold fell back to the 3352-3355 line and fluctuated. We planned to arrange long orders near 3350, but gold went up directly and did not give an entry opportunity. During the rebound, gold was blocked and under pressure at the 3366 line, and at the same time, there were signs of stagflation at high levels. Combined with the short-term adjustment needs, the strategy was to arrange short orders near 3364 and successfully stop profit at the target of 3350. Then we went long at the 3348-3350 line, which is also the preset long entry area. The current target continues to focus on the 3370-3380 area. So far, although gold opened high and went low, the overall bullish trend channel has not been broken, and the retracement to long is still the current mainstream direction.The specific points are subject to the bottom 🌐 notification. From the current trend, the support below focuses on the 3340-3345 area. Combined with the stimulus of the Middle East situation over the weekend, the short-term upper resistance focuses on the 3380-3385 ​​area. The expectation of breakthrough is still there, and the focus is on the suppression performance of the 3400-3415 line. The overall strategy continues to rely on the idea of buying on pullbacks. Watch more and do less in the middle position, chase orders cautiously, and wait patiently for clear signals at key points before intervening. Gold operation strategy: Gold retracement near the 3340-3350 line to do more, the target is 3370-3380.
OANDA:XAUUSDLong
by TP_Daniel
Gold bottomed out and rebounded, continue to go longAffected by the situation in the Middle East, gold opened high and fell again on Monday, just like last Monday. At present, it has fallen back to the 3352-3355 line and fluctuated. Although it is under short-term pressure, the bull channel has not been broken, and the retracement is still a long opportunity. The support below is 3340-3345, and the short-term resistance is 3380-3385. It is only a matter of time before it breaks through. The key suppression is still in the 3400-3415 area. In terms of strategy, continue to arrange long orders around the retracement, be cautious in chasing orders in the middle oscillation zone, and wait patiently for key position signals. The specific points are subject to the bottom 🌐 notification. Gold suggestion: arrange long orders around 3340-3350, and the target is 3370-3380.
OANDA:XAUUSDLong
by TP_Daniel
Wait for the key points to be confirmed before taking actionThe trend of gold on Friday is still in line with my analysis. Before the market opened, I suggested that gold would rebound from the bottom. Considering the resistance level, I would arrange short orders with a light position. I clearly emphasized that I should not chase short orders at low levels. The actual market price fluctuated upward after hitting the 3340 line at the lowest point, and maintained a range-bound fluctuation pattern as a whole. We arranged long orders in batches at 3342-3353, successfully stopped profit near 3358, reversed shorting, and stopped profit again at 3342. After that, the market hit the top again and was blocked. Short orders were arranged at 3370-3375. It is not recommended to hold positions over the weekend. I have already left the market with a small profit near 3365. Although there was no significant breakthrough, all ended with profit, but it was quite satisfactory for Friday's market. News: Gold prices were stable on Friday, but fell 1.8% this week. It closed at 3368. The latest Federal Open Market Committee (FOMC) statement reinforced the Fed's cautious stance, keeping interest rates in the 4.25%-4.50% range. However, the statement also lowered the number of expected rate cuts this year, which put downward pressure on gold prices. In addition, U.S. Treasury yields did not change much but rose slightly, reflecting the stabilization of market risk sentiment. The 10-year Treasury yield rose by more than 2 basis points to 4.421%, and the 30-year Treasury yield rose to 4.924%. Rising yields often put pressure on non-yielding assets such as gold, further suppressing the upward momentum of gold prices. The Fed's failure to immediately launch an easing policy, coupled with a stronger dollar and a reduced urgency of geopolitical risks, have all exacerbated selling pressure. Unless tensions escalate again or the Fed unexpectedly turns, short-term gold price forecasts point to further weakening. The price of gold has rebounded since it fell from its historical high of 3500 to 3120， After continuous rise, due to the decline of risk aversion in the market, it fell under pressure at 3452. It rebounded to 3340 on Friday. The K-line combination arrangement was bearish. The 4H chart showed a stop-loss signal. It is expected that the market will consolidate below 3400 in the short term. In the medium term, attention should be paid to the geopolitical crisis and the July interest rate decision of the Federal Reserve. It will break through the node after confirming the upper resistance of 3400. In the short-term 4-hour chart, the lower support is around 3340-3345, and the upper short-term resistance is around 3380-3385. Focus on the suppression of the 3400-05 line. The overall idea of ​​​​retracing back to long positions remains unchanged, and the middle area is mainly kept on the sidelines. Be cautious in chasing orders and wait patiently for the key points to be confirmed before intervening. If the upper resistance is not broken, you can still consider light positions to arrange short orders, and pay attention to the bottom for the specific entry point.
OANDA:XAUUSDLong
by TP_Daniel
1
Precise short orders in 3370-3375 area are launched!Gold has been volatile recently, with intraday fluctuations ranging from 1 to 200 US dollars, which greatly increases the difficulty of operation for retail investors. On the surface, there are many opportunities, but there are only a few real big market opportunities. If you miss the rhythm, you can only watch your funds shrink. Remember that risk management is crucial. From the 4-hour analysis of gold, there are repeated resistances from bulls before the downward break; once it breaks down, the market will go further down, and the focus below is 3340. The upper short-term is 3370-3380, and the important resistance is 3400. Only by breaking through the bulls can the rebound continue. In terms of operation, sell high and buy low, and pay attention to the breakthrough! There are too many long orders accumulated at the current high level of gold, and the market will not rise sharply easily. The current international situation is so tense, and gold is still slowly declining. In this situation, it is difficult to rebound sharply. Operational suggestions: For short orders above, focus on the layout of the 3370-3375 area, strictly set a stop loss, target more than 20 points, control risks, and follow the trend.
OANDA:XAUUSDShort
by TP_Daniel
2
Stick to shorting gold and holding itAlthough gold has risen sharply to around 3375 in the short term due to the dovish remarks of Fed officials, it has not made an effective breakthrough. Therefore, gold has not reversed its trend due to the short-term rebound. Gold is still in an obvious short trend. In the short term, gold is obviously under pressure in the 3365-3375 area. If gold fails to break through this resistance area, then after gold consumes a certain amount of long energy, gold shorts will counterattack again and are expected to retreat to the 3350-3340 area again. In the case that good news cannot support the continued rebound of gold, the market's bullish confidence will be hit again, and the short confidence will be further strengthened, stimulating gold to accelerate its decline, and it is even expected to fall below the 3350-3340 area. Therefore, in short-term trading, I still advocate shorting gold, and I am currently holding a short position in gold, and I look forward to the accelerated decline of gold as expected!
OANDA:XAUUSDShort
by Steffen_Schade
Hold on to the high point and go short decisively!Gold closed the weekly line today, maintaining the idea of ​​​​oscillating downward. The 4H consecutive negatives tested the support of the lower Bollinger track. Although it was roundabout and saw-sawed, every decline would be accompanied by a new low. Therefore, hold the high point to see the bottom break and accelerate. The lower side will gradually look to 3338 and 3315. Among them, 3315 is a strong support for the weekly line. If it is not broken, you can consider going long; the upper rebound pressure is 3361 and 3375. In terms of operation, short according to the rebound strength, and the specific points are subject to the bottom 🌐 notification. Operation suggestion: Short gold in batches near 3361-3375, with a target of 3350-3340.
OANDA:XAUUSDShort
by TP_Daniel
Gold continues to fluctuate, and range operations are effective!Gold opened high on Monday and then fell sharply. On Tuesday, it fluctuated and corrected with a cross-yang line. On Wednesday, the overall trend was also volatile. However, after the Fed's interest rate decision was announced on Wednesday, the price of gold fell to around 3362. The low point of this decline was just supported by the 10-day moving average. From a technical point of view, the support of the 10-day moving average at 3350 has become a key point. If this support can be effectively maintained, the gold price is expected to maintain a volatile pattern; once it breaks down, the short-selling force may continue, and then it will be necessary to look at the support of the 20-day moving average near 3350. In terms of upper resistance, the 5-day moving average is currently near 3390, which will suppress the upward movement of gold prices. Further resistance depends on the gains and losses of 3405. There is not much change in the 4-hour chart. The lower track has not opened, and the support of 3360 is strong. It is still a bullish trend. However, it is worth noting that in the continuous rebound, the Bollinger middle track suppression point has not been broken. Relatively speaking, gold is weak and volatile in the medium term. Under the trend today, if it continues to rise, we must pay attention to the gains and losses of the dense suppression point 3405. If 3405 is broken, the trend strength will come out and we can see the high point of 3430. For intraday trading, we still maintain high-altitude and low-multiple, waiting for the trend strength to break through the space, and we are bullish above the support of 3350 during the day. Gold operation strategy: It is recommended to short at the rebound of 3385-3390, with a target of 3370-3365; gold falls back to 3350-3355 and buys, with a target of 3375-3385;
OANDA:XAUUSDLong
by TP_Daniel
Gold breaks down, short-term bears dominate the rhythmThe Fed's June resolution kept interest rates unchanged, but Powell's remarks (expected to slow down the pace of future rate cuts) suppressed gold prices, causing gold prices to fall from around $3,396 to $3,362; the rebound of the US dollar index put short-term pressure on gold, but gold rebounded slightly when the US dollar pulled back; the conflict between Iran and Israel continued to ferment, and the safe-haven demand partially supported the gold price, limiting the decline. After several days of volatility, gold opened slightly higher today and then fell sharply to $3,347.56 per ounce, breaking the unilateral decline in the volatile trend. The 4-hour moving average is in a short position, the Bollinger band is narrowing, and the gold price is running near the lower Bollinger band. Therefore, today's operation is to rebound and short. Operational suggestions: Arrange short positions in batches in the 3370-3385 ​​range, follow the trend, and control risks. Target 3350-3340.
OANDA:XAUUSDShort
by TP_Daniel
Range oscillation, strategy remains unchanged!The Federal Reserve kept the interest rate unchanged. Gold did not break through the range we gave after all. The important support below is still at 3365-3360. Today, we continue to operate in the range and keep high and low as yesterday. Gold touched the lowest level of 3362 without breaking through, and still rebounded. The long orders of 3372 and 3363 that we arranged have successfully stopped profit at 3380, so we continue to operate in the range. From the current analysis of gold trend, gold continues to focus on the important support of 3365-3360 below, and focuses on the short-term suppression of 3400-3415 above in the short term. The operation is mainly carried out in the range for the time being, and there is a high probability of continued volatility in the short term. Gold operation strategy: Go long when gold falls back to 3375-3370, and cover long positions when it falls back to 3365-3360, with the target of 3380-3390-3400.
OANDA:XAUUSDLong
by TP_Daniel
Golden opportunity comes again!Gold fluctuated all day yesterday, and finally did not break the range we gave. Today we continue to focus on the strong support range of 3365-3360, because this position is also the important key support we gave yesterday. Today we continue to look for opportunities to go long when we step back. As long as the strong support position below is not broken, there will be hope for the bulls to make a comeback. From the current analysis of gold trends, gold continues to focus on the short-term support near 3375-3370 below, and the important support is around 3365-3360. The short-term focus is on the short-term suppression near 3400-3415 above. The operation is temporarily based on the range. There is a high probability that the short-term fluctuations will continue. Wait patiently for the key points to enter the market. Gold operation strategy: Go long when gold steps back to 3375-3370, and cover long positions when it steps back to 3365-3360. The target is around 3380-3390-3400. If you still lack direction in gold trading, you might as well try to follow my pace. The strategy is open and transparent, and the execution logic is clear and definite, which may bring new breakthroughs to your trading. The real value does not rely on verbal promises, but is verified by the market and time.
OANDA:XAUUSDLong
by TP_Daniel
1
Adjustments do not change the trend, continue to be bullishToday, gold opened high at 3448, and fell under pressure after reaching 3452. After repeatedly confirming resistance at high levels, it went down. We arranged short orders in the 3445-3450 area, successfully reached the target of 3330, and secured profits. Then the market fell back to around 3409 and stabilized and rebounded. We arranged long orders to stop profit near 3420. The current market is still in a bullish trend after the shock and retracement. Adjustment does not change the trend. Retracement is an opportunity. The key is to find the right entry point. From a technical perspective, the support below focuses on the 3410-3405 area, and the key support is at 3400-3390. If the daily level stabilizes in the above area, the upward structure will continue, and the short-term is still expected to test the previous high. Short orders need to strictly control risks, and the trend of low and long is still the main theme. Gold operation strategy: Buy gold when it falls back to around 3410-3405, and consider covering positions when it falls back to 3400-3395, with the target at 3430-3440. For more real-time strategies, I will remind you at the key points as soon as possible,🌐 remember to pay attention! If you still lack direction in gold trading, you might as well try to follow my pace. The strategy is open and transparent, and the execution logic is clear and definite, which may bring new breakthroughs to your trading. The real value does not rely on verbal promises, but is verified by the market and time.
OANDA:XAUUSDLong
by TP_Daniel
Bulls are in control, and pullbacks are opportunities!Gold rose directly at the opening today due to risk aversion, reaching a high of around 3446.8. We successfully stopped profit twice when we went long. Subsequently, we also notified everyone to enter short positions at 3445 and exit with profit at 3425. Pay attention to the support situation at 3395-3408. Going long on pullbacks is still the main trend at present. From the current gold trend analysis, today's gold mid-line pulled up and broke through and stood above the 3400 mark to further continue its strength. The short-term support below is around 3310-3408, and the key support below is around the recent top and bottom conversion position of 3395-3405. The intraday pullback relies on this position to continue to be bullish and the short-term bullish dividing line moves up to 3345-3350. The daily level stabilizes above this position and continues to maintain the trend of low-long rhythm. Be cautious about short orders against the trend. I will give you tips on specific operations, and pay attention in time. Gold operation strategy: Buy gold when it falls back to around 3395-3405, and target around 3425-3440. If it is strong, continue to buy gold at the support of 3410-3408. When operating, be sure to strictly set stop loss, strictly control risks, and respond to market fluctuations steadily.
OANDA:XAUUSDLong
by TP_Daniel
Gold on Monday depends on this wave of operationsBefore the non-agricultural data on Friday, gold maintained an overall oscillating pattern, opening at 3354, briefly rising to around 3375 and then falling under pressure, entering an overall oscillating downward mode. We also caught the rhythm of long orders many times and successfully exited the market with profits. Although the non-agricultural data was bearish, gold did not dive quickly, but rebounded to around 3363 after short-term fluctuations, and then fell under pressure again, and finally closed in an inverted head shape, with obvious technical bearish signals. From the perspective of form, gold is expected to continue to rebound high and high next week. Focus on the support of this week's low point of 3296. Once it falls below, it is possible to further explore the 3270-3260 area. However, if this position remains stable and unbroken, the market still has room for rebound and repair. From a specific technical perspective, the obstructed decline of the 3375 line on Friday is more critical, with the lowest intraday drop to 3307, and the bearish momentum is still strong. It is recommended to be prudent in operation and do not blindly chase orders. 🔸Operation ideas for gold next week: 1️⃣ If it rebounds to 3320-3325, you can try to arrange short orders. If it rebounds further to 3338-3345, it is recommended to cover short positions. 2️⃣ The first target is the 3295-3306 area. If it effectively falls below, continue to hold and look for a lower position. 3️⃣ The support below is focused on the 3295-3285 area, and the pressure above is still mainly 3335-3345. The market is mainly oscillating in the middle of the range. It is recommended to watch more and act less, and wait for key point signals before intervening. If you are currently having trouble with gold operations, welcome to communicate with me. I will update the strategy as soon as possible according to the intraday market and try my best to make your investment less detours.
OANDA:XAUUSDShort
by TP_Daniel5
Gold falls below key support, short-term bearish approachAt present, the hourly level has fallen below the key support level of 3330, which is effectively broken as the short-term long-short watershed, which means that the market is weak and volatile in the short term. However, it does not constitute a short trend for the time being. The short-term trend in the future may still fluctuate downward, but there is no basis for a deep decline. Short-term short orders can be participated in, but the general direction remains bullish. This week is coming to an end. If there are still operation plans, you can wait for a small rebound and then participate in a wave of short-term short operations. The target is controlled at 10-30 points. Enter and exit quickly, and don't be greedy. Looking ahead to next week, it is expected that the market will fluctuate around 3,300 and then bottom out and then resume its upward trend. The thinking will continue to be mainly "short-term short and long-term long". The current gold 1-hour moving average system has begun to turn downward. If a dead cross structure is further formed in the future, the downward space will be opened. After gold fell under pressure from a high level yesterday, it continued to be weak today. Combined with the bearish non-agricultural data, there is a lack of support for risk aversion. There is still room for short-term downward movement, and the overall rebound is still the main focus. Operation suggestions: Aggressive investors may consider shorting in the 3333-3335 range; Conservative investors may wait for a rebound to the 3345-3350 area and enter the short position at an appropriate time. The target is 10-30 points. It is not recommended to hold more than the target.
OANDA:XAUUSDShort
by TP_Daniel5
Double top pressure appears Gold short-term bearishThe current price shows a sign of hesitation after experiencing a sharp rise. The bulls hit a high of 3384 twice and then pulled back. The high point and yesterday's high point formed a double top suppression. Two attempts to test Monday's high of 3392 failed, indicating that the bullish momentum has weakened. The short-term high-altitude strategy for gold is mainly used. Pay attention to the key support of 3340-3345 below. If it is effectively broken, it may fall to the 3325 trend line conversion support level below. In terms of operation, it is recommended to rely on the double top pressure of 3384-3392 to arrange short orders at highs. Market volatility may intensify before the release of non-agricultural data. Gold operation suggestions: short gold near 3384-3392, target 3370-3360.
OANDA:XAUUSDShort
by TP_Daniel5
Continue to short goldTechnical aspect: Although the ADP data release is a big positive for gold, the trend of gold is quite different. It only rebounded to around 3362 and then gradually fell back, which to a certain extent strengthened the effectiveness of the short-term resistance area of ​​3365-3375. For the time being, technical indicators alone cannot support gold to continue to rebound. After consuming a certain degree of bullish momentum, gold will continue to retreat. And I think 3340 will be broken, and even continue to the 3330-3320 area. So in terms of short-term trading, I still prefer to short gold. Trading strategy: Consider shorting gold in the 3360-3370 area, TP: 3345-3335.
OANDA:XAUUSDShort
by Steffen_Schade