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Gold Trading SignalsTechnical analysis of gold: Yesterday, gold showed a more complicated trend. The price remained volatile below $2,895 during the Asian session. Entering the European session, the market saw a key turning point. The price successfully held the long-short watershed of $2,880-2,878 and quickly broke through $2,895. Subsequently, the bulls exerted their strength and pushed the price up sharply. During the U.S. session, the price of gold rose slightly, touching the high of $2,930 last Wednesday, and then came under pressure. It then plunged and the price fell back to $2,900, but then rebounded again. In the end, the daily line closed with a large positive line, and the closing price was around $2,916. The daily line showed a trend of two consecutive positive lines. In view of the frequent alternation of positive and negative gold price trends in recent times, today we need to focus on whether the price turns negative. From the analysis of the market situation, gold has risen sharply for two consecutive days after experiencing a sharp drop last week, and has now retreated to the counter-pressure level formed by the trend support of $2614. This is the first time that this retracement position has been touched, and it is still necessary to focus on whether the market will rise and fall. At the same time, the pressure in the high point area yesterday cannot be ignored. If the price is under pressure here, it is expected to usher in an adjustment; and once it breaks upward, the bullish rally is expected to accelerate further, and the target may be to break through the historical high of $2956. The low point of $2900-2905 formed during the US trading session has become a key support level. If this area is broken, a second decline may begin, and the price will gradually fall back to $2880-2885, $2860-2855 and near the low point of last Friday; if the bulls can hold this support level, there is a high probability that it will continue to break upward after high-level fluctuations. In addition, judging from the opening situation today, the rebound high of $2920 in the early morning has become a short-term pressure level. In terms of today's operation, short selling is suppressed by the trend counter-pressure line and yesterday's high point. Aggressive participation is based on the early morning high of 2920. Pay attention to the break of 2900 below. Consider adding positions if it breaks below. If it breaks upward, follow the trend and focus on the impact of 2945 and the historical high. Overall, I suggest that the short-term operation of gold today is mainly long on pullbacks, supplemented by short selling on rebounds. The short-term focus on the upper side is the 2922-2927 line of resistance, and the short-term focus on the lower side is the 2895-2890 line of support.
OANDA:XAUUSD
by niwmniwm
1
Gold 100% Trading SignalsTechnical analysis of gold: Gold has been volatile in the past two days, and the bull-bear game is also fierce. Yesterday, the daily cross star, the data released many positive news, gold did not rise sharply, but the gold rebounded in a V-shaped dive at the end of the day, and finally closed at the opening position. Gold hit a new high of 2929 but did not continue the upward trend, and continued to hover at a high level. Today's idea is to seize the opportunity of its hovering and stepping back. At present, the bulls still need to continue to rush up from the daily line. This week is a data week. It is estimated that the bulls will rise repeatedly and will not come so cleanly. The big V bull trend of the daily line has been determined, and we need to follow the trend later. The current gold price has entered a very obvious high-level consolidation stage. Combined with the non-agricultural data to be released tomorrow, it is highly likely that it will continue to consolidate in the 2894-2930 range today. Gold is still fluctuating in a large range in 1 hour. The bulls are not in a completely strong market. They are going back and forth, ups and downs. At present, gold should be careful of the bulls' risk aversion sentiment easing and then start to adjust sharply. The focus of today's European and American sessions is the effectiveness of the support of 2894. If it falls below 2894 before the US session, it is possible to fall further to the 2880-78 line. This is a relatively safe opportunity to take more during the day, and the defense is near yesterday's low. The bottoming out and rebound at the end of yesterday's trading limited today's decline to a certain extent, so this point is the best to go long. However, if the gold price fails to fall below 2894 during the European session, then the long orders may need to move up to around 2897-00 to participate. On the whole, today's short-term operation of gold is recommended to focus on callbacks and shorts. The short-term focus on the upper side is 2930-2932 resistance, and the short-term focus on the lower side is 2890-2894 support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, and set stop loss strictly Strategy 1: When gold rebounds to around 2927-2930, short sell (buy short) in batches, 2/10 of the position, stop loss 8 points, target around 2915-2900, break to 2895
OANDA:XAUUSDLong
by niwmniwm
GOLD & NONFARM – BREAKOUT OR CORRECTION?📌 Market Overview The global financial markets are closely watching the upcoming U.S. Nonfarm Payrolls (NFP) report on March 7. As one of the most anticipated economic releases of the month, it is expected to trigger significant market volatility. 🔥 Geopolitical Uncertainty & The Impact on Gold & USD (DXY) US trade policies toward China and other key economies continue to fuel uncertainty, leading to increased demand for gold as a safe haven. The U.S. Dollar Index (DXY) remains highly volatile, directly influencing gold price movements. Investors are waiting for Nonfarm data to determine whether gold will break new all-time highs (ATH) or undergo a correction. ⚡ Expected Price Movements Gold is currently consolidating within a broad range of 2929 - 2892, a level it has held throughout the week. Based on historical Nonfarm Payroll data, today’s price swing is expected to be between 45-50 points, possibly reaching 60 points! This presents a major trading opportunity, with the key being to catch the breakout direction. 📊 Key Support & Resistance Levels – Breakout Watch 🔺 Resistance Levels: 2920 - 2928 - 2943 - 2954 🔻 Support Levels: 2892 - 2884 - 2872 - 2859 - 2838 🚀 Trading Strategy for Today Gold is still trading within a range-bound structure, with no confirmed breakout yet. Wait for a breakout confirmation before entering trades. A market update will be provided before the Nonfarm release to refine the strategy. 🎯 Trading Plan for Today 🟢 BUY ZONE: Entry: 2874 - 2872 ❌ Stop Loss (SL): 2868 🎯 Target (TP): 2878 - 2882 - 2886 - 2890 - 2895 - 2900 🔴 SELL ZONE: Entry: 2952 - 2954 ❌ Stop Loss (SL): 2958 🎯 Target (TP): 2948 - 2944 - 2940 - 2935 - 2930 📌 Key Trading Reminders 💥 Nonfarm data is expected to create high volatility – prepare for sharp moves! ✔ Stick to TP/SL to avoid excessive risk exposure. ✔ Wait for clear breakout confirmation before opening positions. ✔ Manage risk effectively and control emotions – today could be a decisive market moment! 📢 Do you think gold will break to new highs or face a correction? Share your thoughts below! 🚀🔥
OANDA:XAUUSDShort
by MMFlowTrading
Markets hesitant, GOLD sideways on NFP data dayIn the Asian trading session on Friday (March 7), the spot OANDA:XAUUSD maintained a very slight decline during the day and the current gold price is around 2,911 USD/ounce. On this trading day, investors will pay attention to the US non-farm payrolls report, which is expected to impact the main trends in the gold market. The US non-farm payrolls are expected to increase by 160,000 in February. Gold is likely to react more strongly to disappointing employment data than to an optimistic non-farm payrolls report because this will push gold prices higher, ending the period of downward adjustment and subsequent recovery and accumulation in the past. The US will release its February non-farm payrolls report at 20:30 Hanoi time on Friday. Surveys show that the number of non-farm payrolls in the US will increase by 160,000 in February, after increasing by 143,000 in January. The US unemployment rate is expected to remain at 4.0% in February. Surveys also show that the monthly increase in average wages in the US is expected to slow to 0.3% in February, after increasing by 0.5% in January. Average hourly earnings are likely to increase at an annual rate of 4.1% in February. The Federal Reserve is closely monitoring signs of weakness in the labor market as it tries to balance supporting the labor market and controlling inflation. The slowdown in employment data certainly adds complexity to the Fed’s decision-making process. Review of expected data: A large negative surprise in non-farm payrolls, at 100,000 or lower, could put significant pressure on the dollar and open the door for a move higher in gold to help it end the week on the positive side. On the other hand, if the non-farm payrolls figure reaches or exceeds 180k, the dollar could remain firm and limit the upside potential for gold. Technical outlook for OANDA:XAUUSD Gold is still in the process of accumulation before receiving a strong impact of structural change from NFP data released today. Up to now, the upward momentum is limited but short-term price declines are supported from the base price area of ​​2,900 USD, this is considered the closest support to pay attention to readers in the previous publication. Technically, the short-term trend is currently unclear as the Relative Strength Index (RSI) is also moving sideways in the 60-50 range, indicating that market sentiment is still hesitant. However, considering the overall fundamental and technical picture, my personal opinion is to defend the bullish view, with each decline only being considered a short-term correction or a buying opportunity. During the day, the technical outlook for gold continues to target the technical level of 2,942 USD in the short term, more than the all-time high. Notable positions will also be listed as follows. Support: 2,900 - 2,880 USD Resistance: 2,942 - 2,956 USD SELL XAUUSD PRICE 2976 - 2974⚡️ ↠↠ Stoploss 2980 →Take Profit 1 2968 ↨ →Take Profit 2 2962 BUY XAUUSD PRICE 2877 - 2879⚡️ ↠↠ Stoploss 2873 →Take Profit 1 2885 ↨ →Take Profit 2 2891
OANDA:XAUUSDLong
by Xayah_trading
Short gold and make huge profits againFriends who followed me to short in the 2920-2925 area, I made a profit of 140 pips on this short, which is a good trading result. It has been proven to be effective. Others are still waiting and watching. I directly hit hard to short gold. This wave of operations is a sure win. Just wait and count the money. This is the fast trading strategy, a beacon on the road, guiding your direction and allowing you to see the road clearly in the dark. If you are interested, you can join my article channel at the bottom.
OANDA:XAUUSDShort
by TP_Daniel
CAD/JPY Analysis – Key Levels & Market Drivers📉 Bearish Context & Key Resistance Levels: Major Resistance at 108.32 Price previously rejected from this strong supply zone. Moving averages (yellow & red lines) are acting as dynamic resistance. Short-term Resistance at 106.00-107.00 Failed bullish attempt, leading to a strong reversal. A break above this area is needed to shift momentum bullishly. 📈 Bullish Context & Key Support Levels: Support at 102.00-101.50 (Demand Zone) Significant buyer interest in this area. If the price reaches this zone, a potential bounce could occur. Deeper Support at 99.00-100.00 If 102.00 fails, the next demand level is in the high 90s, marking a critical long-term support. 📉 Current Market Outlook: CAD/JPY is in a strong downtrend, consistently making lower highs and lower lows. The price is testing key support areas, and further movement depends on upcoming economic events. A potential bounce could occur at 102.00, but failure to hold could trigger further declines toward 99.00. 📰 Fundamental Analysis & Market Drivers 🔹 Bank of Canada (BoC) Interest Rate Decision – March 12, 2025 Expected rate cut from 3.00% to 2.75% → Bearish for CAD. A dovish stance signals weakness in the Canadian economy, potentially pushing CAD/JPY lower. If the BoC provides an aggressive rate cut or hints at further easing, the downtrend could continue. 🔹 Japan Current Account (January) – March 7, 2025 Expected at 370B JPY (significantly lower than previous 1077.3B JPY). A lower-than-expected surplus may weaken JPY, slightly offsetting CAD weakness. If JPY remains strong despite this data, CAD/JPY could fall further toward 101.50-100.00. 📈 Potential Trading Setups: 🔻 Short Setup (Bearish Bias): Entry: Below 103.00, confirming further weakness. Target 1: 102.00 Target 2: 100.00 Stop Loss: Above 104.50 to avoid volatility spikes. 🔼 Long Setup (Bullish Scenario - Retracement Play): Entry: Strong bullish rejection from 102.00 Target 1: 105.00 Target 2: 108.00 Stop Loss: Below 101.50 to limit downside risk. 📌 Final Thoughts: The BoC rate decision will likely be bearish for CAD, increasing downward pressure on CAD/JPY. The Japan Current Account data could provide temporary support for JPY but is unlikely to fully reverse the trend. 102.00-101.50 is a key buying zone, while failure to hold could drive the pair toward 99.00-100.00. 🚨 Key Watch Zones: 102.00 Support & 108.00 Resistance – Strong moves expected!
Long
by Forex48_TradingAcademy
1
Will the NFP report act as a catalyst for a downside breakout?In my post yesterday, I argued that multiple resistance levels exist above 2925, which could lead to a market decline. Indeed, throughout the day, gold dipped below 2900 once again, but support held, keeping the price stuck in a range. Looking ahead, today’s NFP data could act as a catalyst for a breakout from this range. My bias remains bearish, and I expect a break of the support level, followed by a continuation downward toward last week's lows. However, a breakout and sustained buying above 2925 would shift my outlook. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
1
Nonfarm forecast tonight ? 🔴US Expected to Add 170,000 Jobs in February, But Job Outlook Worsens ———— ⚫February Jobs Forecast: Nonfarm payrolls report projects 170,000 jobs added, up from 143,000 in January, while unemployment remains at 4%. ⚫Mixed Signals: While official data shows the labor market remains strong, surveys show many workers are worried about their jobs and less willing to look for new opportunities, while job seekers are having a tough time. ⚫Layoffs Rising: Staffing firm Challenger, Gray & Christmas reports that businesses are announcing the highest level of layoffs since July 2020, with 62,000 jobs tied to the Trump administration's federal workforce cuts. ⚫Consumer Confidence Falls: A report from the Conference Board and the University of Michigan showed consumer confidence is falling sharply amid fears about growth and the labor market. ⚫Impact of Government Layoffs: Some economists warn that government layoffs could spread and affect as many as 500,000 jobs, undermining confidence in the economy. ⚫Wage Growth: Average wages are expected to rise 0.3% month-over-month and 4.2% year-over-year, up from 4.1% in January.
OANDA:XAUUSD
by FalCol_TradingMaster
Gold purchase strategy continues to prioritize. Target 500 pips!Dear friends! Gold continues to trade negatively for the second consecutive day, despite a combination of factors still acting as key drivers ahead of the crucial U.S. NFP report at the end of this Friday. Rising trade tensions continue to put pressure on investor sentiment. As mentioned on the 1-hour chart, the daily chart for XAU/USD shows little change for the second consecutive day. However, at the same time, it also records lower highs and lower lows, shifting the risk bias to the downside. Nevertheless, the short-term picture indicates that buyers are struggling to maintain control, with the 34 EMA having reversed, increasing the risk for sellers. As a result, the downside potential remains limited, with dips likely to continue attracting buyers. Key short-term levels to consider: Support: 2,894 | 2,876 Resistance: 2,911 | 2,927
OANDA:XAUUSDLong
by Trader_LinaScalping
Gold Price Analysis March 6Gold price today will trade in the range of 2928-2900. There will not be enough catalyst for gold to break through this range, at least wait until Nonfarm. When breaking the range of 2929 and 2895, it will confirm a new trend of Gold. The 2915 area until the end of the Asian session cannot be broken, it can push the price up to 2922 - 2928 or if broken, pay attention to the 2912 area for a BUY signal and resistance. Today around 2900 when breaking 2912-2915 and retesting those resistance areas.
OANDA:XAUUSD
by TVS-Trader
Trade Idea: XAUUSD Short ( SELL LIMIT ) Technical Analysis: 1. Trend Analysis: • H1 Chart: The price was in an uptrend but has started to weaken. The MACD is losing bullish momentum, and RSI is below 50, indicating bearish pressure. • M15 Chart: The price has recently made lower highs and lower lows, signaling a short-term downtrend. RSI is below 50, and MACD is negative. • M3 Chart: The price is breaking support levels and showing increased selling momentum. The MACD is bearish, and RSI is below 50. 2. Key Levels: • Support: $2895 (near recent lows) • Resistance: $2910 (previous structure level) 3. Momentum & Indicators: • RSI is below 50 on all timeframes, confirming bearish momentum. • MACD is negative on M15 and M3, indicating continued selling pressure. Fundamental Analysis: • US Dollar Strength: If recent economic data favors the USD (strong labor market, inflation concerns), gold could continue lower. • Risk Sentiment: If markets are stable or risk appetite increases, gold may decline further. • Interest Rates: If the Fed maintains a hawkish stance, gold could weaken due to higher real yields. ⸻ Trade Setup: • Entry: $2906 (near current price) • Stop Loss (SL): $2913 (above resistance) • Take Profit (TP): $2892 (previous support level) • Risk-Reward Ratio (RRR): 1:2 Execution Plan: • Enter short at $2906. • Stop-loss above resistance to avoid being stopped out by minor pullbacks. • Take profit at $2892, ensuring a 2:1 RRR. FUSIONMARKETS:XAUUSD
FUSIONMARKETS:XAUUSDShort
by KeN-WeNzEl
Trump's "exemption game" stirs up North American trade patternU.S. President Trump announced on Thursday that he would suspend the 25% tariff on Canada and Mexico for one month. This decision once again highlights the erratic nature of U.S. trade policy, which not only caused financial market turmoil, but also made business leaders feel uneasy. The exemption will expire on April 2, marking a new round of game in North American trade relations. Chain reaction of market and economy The uncertainty of tariff policy may reignite inflationary pressure, suppress demand and economic growth. Investors are uneasy about the Trump administration's repeated behavior, believing that this "sometimes levy, sometimes cancel" approach has exacerbated market volatility. BINANCE:BTCUSDT TVC:GOLD INDEX:BTCUSD TVC:GOLD
CRYPTO:BTCUSD
by BTC_BakerLedley
Gold Moves Back Into an Uptrend ChannelOver the last five trading sessions, the price of the precious metal has recovered more than 3% as uncertainty surrounding the new 25% tariffs on countries like Mexico and Canada remains constant. In the past two sessions, the price has maintained steady neutrality as the market awaits the release of the U.S. NFP data tomorrow. Initially, expectations point to an increase of 159K new jobs compared to the 143K reported in the previous release. Upward Channel: Since late December 2024, gold has attempted to sustain a short-term upward channel, which saw a breakout last week around the $2,850 per ounce price zone. However, in recent sessions, the price has re-entered the bullish formation and continues to show slight buying momentum, keeping the channel intact for now. MACD: Currently, the histogram remains oscillating below the neutral 0 line, but an increasingly bullish outlook has started to emerge. As long as the MACD histogram does not consistently diverge further from the neutral line, the selling pressure from previous sessions could gradually weaken, reinforcing a potential bullish perspective on the chart. Key Levels: $3K: A tentative resistance level, situated in a price zone that gold has never reached in its history. Sustained buying momentum reaching this level could reinforce the bullish bias and further strengthen the current upward channel. $2.9K: A nearby support level, located at the lower boundary of the current bullish channel. Persistent selling pressure below this level could reinforce the bearish bias and pose a threat to the current upward trend. $2.7K: A definitive support level, positioned at the 50-period simple moving average. Price fluctuations reaching this level could trigger a new sideways movement in the short term and eliminate the clarity of the current bullish direction. By Julian Pineda, CFA – Market Analyst
FOREXCOM:XAUUSD
by FOREXcom
Gold continues to fluctuate on a roller coaster! Analysis of golTechnical analysis of gold: Gold has been volatile these past two days, and the bull-bear game is also fierce. The current rise and fall of gold have not continued, and they are just piercing patterns. The piercing of 2928 on Wednesday did not continue, and the piercing of 2894 on Thursday did not continue. The hourly and four-hour cycles are very obvious, both are horizontal structures, and the price fluctuates repeatedly like a roller coaster. In this case, you cannot chase orders, and it is easy to lose money on both ends. This trend will be maintained before the non-agricultural data. The choice of direction depends on the impact of Friday's non-agricultural data. For the daily cycle, the moving average of the big drop last week was a dead cross downward, but after the strong rebound this week, it is currently in a horizontal flat state. There is no clear direction after the big drop and rise. For the time being, it is more based on shocks, especially short-term trading. The US market rose to the opening drop of 2923 in the European market and then fell back. Pay attention to the support of 2903/2905 in the early morning. Short-term long, the range is 2890-2930. Note that the direction is only after the breakthrough and continuation. Today's short-term gold operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the 2930-2932 first-line resistance, and the lower short-term focus is on the 2890-2894 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2927-2930, stop loss 8 points, target around 2915-2900, break to see 2895 line; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 2893-2895, stop loss 8 points, target around 2910-2920, break to see 2930 line;
PYTH:XAUUSDLong
by x7p2x7p2
Gold shock pulls long and short without continuationTechnical analysis of gold: Gold has been volatile in the past two days, and the bull-bear game is also fierce. Yesterday, the daily cross star, the data released many positive news, gold did not rise sharply, but the gold rebounded in a V-shaped dive at the end of the day, and finally closed at the opening position. Gold hit a new high of 2929 but did not continue the upward trend, and continued to hover at a high level. Today's idea is to seize the opportunity of its hovering and stepping back. At present, the bulls still need to continue to rush up from the daily line. This week is a data week. It is estimated that the bulls will rise repeatedly and will not come so cleanly. The big V bull trend of the daily line has been determined, and we need to follow the trend later. The current gold price has entered a very obvious high-level consolidation stage. Combined with the non-agricultural data to be released tomorrow, it is highly likely that it will continue to consolidate in the 2894-2930 range today. For today's short-term operation strategy for gold, it is recommended to do more on pullbacks and short on rebounds. The short-term focus on the upper side is the 2930-2932 line of resistance, and the short-term focus on the lower side is the 2890-2894 line of support. Short order strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 2927-2930, stop loss 8 points, target around 2915-2900, break to see 2895 line; Long order strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 2893-2895, stop loss 8 points, target around 2910-2920, break to see 2930 line;
PYTH:XAUUSDLong
by x7p2x7p2
From watching to taking action, it is time to short goldNon-farm payroll data continues to improve, and the unemployment rate remains at a historical low. This not only enhances the attractiveness of the US dollar, but also weakens the charm of gold as a safe-haven asset. Usually, the US dollar and gold have an inverse fluctuation relationship. The strong US dollar puts the price of gold denominated in US dollars under downward pressure. From the trend point of view. Compared with long and short positions, shorting is still slightly stronger. At present, the price of gold fluctuates in a narrow range around 2917. There is no major news to boost or suppress the price of gold in the short term. Therefore, after consuming a certain amount of long power, the shorts will regain control of the situation, and there will be very good trading opportunities for shorting gold. Now we are long gold around 2920-2925. The target is 2910-2905 area. Wish us good luck! Brothers, have you followed me to short gold? If you follow the trading strategy I mentioned above, you can easily make a profit of more than 200 pips today, which is a very good trading result. If there are brothers who want to make money as a part of life, welcome to follow my article at the bottom!
OANDA:XAUUSDShort
by TP_Daniel
Gold bulls suffered a Waterloo?Gold's upward surge this morning still failed to break through the suppression of 2930, indicating that the suppression from above is still very strong. In the afternoon, we gave a real-time long order at the current price of 2897-2900. Gold is still oscillating in the large range of 2893-2930 in the hourly period. Gold fluctuated in this range before the release of non-agricultural data. The support below the hourly line is around 2893-97. It is still possible to bet on an increase at present, and more than ten points are no problem. It depends on whether there is a chance to pull up before the US market. The recent rise and fall are very large, and we must strictly take losses in operations. From the current 4-hour analysis, the lower support in the evening will continue to focus on the 2893-2897 line, and the upper pressure will focus on around 2930-35. In the evening, we will continue to rely on this range to maintain the main tone of high-altitude and low-multiple cycles. In the middle position, we should watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. Gold operation strategy: When gold rebounds, go long on the 2893-2897 line, cover long positions on the 2885-88 line, stop loss at 2878, target the 2930-35 line, and continue to hold if the position is broken;
PYTH:XAUUSDLong
by x7p2x7p2