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Xauusd1h

Will gold rise today?Hello everyone. Let's discuss the trend of gold this week. From the current 1-hour chart range, gold is at risk of falling again to 3200. The current 1-hour chart range has been broken. After breaking the range support today, it has rebounded again, so the previous support has become a suppression position. Therefore, if gold cannot stand above 3250, then we must be careful of the risk of gold testing 3200. You can focus on 3240-3250. As long as it cannot stand above 3250, you can sell gold at 3240-3250. The target below is still around the bottom of the range 3200.
OANDA:XAUUSDShort
by OctaviaRobinson
Gold continues to fall seize the opportunity to enter the market 📌 Driving factors China-US container shipping routes rose sharply - factories rushed to produce overnight, taking advantage of the tariff cooling-off period, those who should stock up are working overtime to complete the tasks. This is the situation seen on the first day after the tariff reduction, indicating the complementarity between China-US trade. The long-awaited US-Japan and European and American tariffs have not yet ushered in substantial benefits, but Europe said that this is an unfair negotiation and has not been concluded yet. Trump went to the Middle East and signed a 100 billion weapons order, stabilizing the Middle East before Europe. 📊Comment analysis The Asian session fell in the morning, pay attention to a few points: 1. The upper watershed opened at 3193 in the morning, the short watershed. 2. Directly break the 3168 long watershed, the next support is at 3145, 3130. 3. For now, the Asian session will continue to fall in a cycle, the European session will pull back after breaking the bottom, and the US session will continue to retreat. 💰Strategy Package For short-term operations, short selling can be done near 3166, stop loss 3169, target 3140, 3135. Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof of being able to stand up from the sea of ​​blood and corpses.
OANDA:XAUUSDShort
by Labaron
2
Gold rebounds weakly, US market ideas for reference! 📌 Driving factors As Sino-US trade tensions ease, market concerns about a global recession ease, investors' risk appetite rises, and gold's attractiveness as a safe-haven asset declines, gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening gold's safe-haven appeal in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large-scale selling! 📊Commentary Analysis After gold fell below 3200 in the US market, it rebounded to 3198 at its highest. This rebound was just an oversold rebound, and then continued to fall back. Although it has not refreshed the low for the time being, the pattern has weakened, and it is difficult to get up again in the early morning. Weak shorts can't even get past 3198, and the short-term support below is around 3160. The daily cycle is constructed based on the M-head pattern. 3200 is the long defensive position. If it fails to close, there will be a fall. The technical side has already experienced a major break. Pay attention to the change of thinking. If the adjustment range is large, it may even reach 2900/3000. It rises fast and falls fast, but the long-term logic of gold's rise remains unchanged. It is also an opportunity to lay out more positions, but the position needs to follow the market observation, which is difficult to predict at present. 💰Strategy Package In the short term, we will rely on 3198 for defensive short selling. After breaking 3200, please note that even if it rebounds, we should follow the trend and short. If it rebounds upward, we should short at the golden section resistance of 3265. Good luck to everyone! Labaron believes that Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning income is a stage medal, and long-term stable and continuous profit is the only certificate to finally stand up from the sea of ​​corpses and blood.
OANDA:XAUUSDShort
by Labaron
1
Gold has now fallen by 3200, and the next support level is 3160 📌 Driving factors As Sino-US trade tensions ease, market concerns about a global recession have eased, investor risk appetite has increased, and the attractiveness of gold as a safe-haven asset has declined, and gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening the safe-haven appeal of gold in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large number of sell-offs! Driven by bargain hunting, gold prices rebounded on Tuesday, and the weaker-than-expected US inflation data released that day also helped gold prices rise. However, trade optimism limits the strength of gold's rebound. 📊Commentary Analysis Gold began to fall in the early trading of the US market and is about to fall to our expected point. The support below is 3160! 💰Strategy Package 🔥Selling Gold Area: 3245-3240 SL 3250 TP1: $3230 TP2: $3210 TP3: $3190 🔥Buying Gold Area: $3167-$3165 SL $3160 TP1: $3178 TP2: $3189 TP3: $3200! Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof of being able to stand up from the mountains of corpses and seas of blood.
OANDA:XAUUSDShort
by Labaron
1
Gold crash alarm is sounding! Technical aspects：The pressure area of ​​gold is concentrated in the range of 3250-3260. If the market remains weak and under pressure, it will be difficult for gold prices to break through this area. The key support around 3210-3200 should be focused on for gold to go down. If the gold price falls below the support of 3200, it may trigger a waterfall-like decline, and the expected support bottom is in the area of ​​3100-3050. In terms of operation, you can wait for the opportunity to rebound and come under pressure after the position is broken, and take advantage of the trend to place short orders. It is important to remember that 3200 is like a key line of defense. Once it falls, it will trigger a chain selling.
TVC:GOLDShort
by MabelLew
Gold continues to trade sideways above the 3200 area 📌 Driving factors The United States and China announced on Monday a 90-day suspension of tariff increases. According to statements made after the Geneva talks last weekend, the United States will reduce tariffs on Chinese imports from 145% to 30%, while China will reduce tariffs on US imports from 125% to 10%. Meanwhile, on the geopolitical front, Russia and Ukraine are preparing for their first high-level face-to-face talks since 2022, scheduled to take place in Istanbul this week. The talks come as the international community is increasingly pressuring Moscow to accept a 30-day ceasefire. U.S. Secretary of State Marco Rubio and special envoys Steve Witkov and Keith Kellogg are expected to represent the United States in the talks. Gold prices rebounded on Tuesday, driven by bargain hunting, while weaker-than-expected U.S. inflation data released that day also helped gold prices rise. However, trade optimism limited the strength of gold's rebound. 📊Comment Analysis In the accumulation price zone, the gold price is sideways around 3200-3270, and the buyers and sellers are balanced 💰Strategy Package 🔥Selling gold area: 3282-3284 SL 3289 TP1: $3270 TP2: $3260 TP3: $3250 🔥Buying gold area: $3167-$3165 SL $3160 TP1: $3178 TP2: $3189 TP3: $3200! Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof that can finally stand up from the sea of ​​corpses and blood.
OANDA:XAUUSDShort
by Labaron
1
Gold fluctuates repeatedly and is expected to fall below 3,200 📌 Driving factors The U.S. Department of Labor's Bureau of Labor Statistics announced on Tuesday that the U.S. Consumer Price Index (CPI) rose 0.2% month-on-month in April, lower than the 0.3% expected by economists. However, analysts warned that inflation may rise as tariffs gradually push up commodity prices. The United States and China announced on Monday that they would suspend tariffs for 90 days. According to the statement made by both sides after the Geneva talks last weekend, the United States will reduce tariffs on Chinese imports from 145% to 30%, and China will reduce tariffs on U.S. imports from 125% to 10%. Driven by bargain hunting, gold prices rebounded on Tuesday, and the weaker-than-expected U.S. inflation data released that day also helped gold prices rise. However, trade optimism limits the strength of gold's rebound. 📊Commentary and analysis Gold fell and then rose yesterday, and the final rebound stopped at 3,266. The trend is in line with our bearish expectations. As for the repeated fluctuations in the market, it is just a futile effort! Yesterday, due to the influence of the US CPI data, although gold rose in the short term, it was still under pressure and weakened. Today, the Asian session continued to fall in the early trading. As the support position near 3210 points is approaching, aggressive shorting is no longer appropriate! In terms of trend, the 4-hour level trend of gold is still under pressure. Yesterday, it was under pressure at the 3260 line, and then the market fell back. Recently, it has maintained a trend of continuously moving down lows, and the rebound highs are gradually decreasing. It can be seen that the bulls are less willing to attack, which is different from the previous surge. Gold adjustment has become inevitable. 💰Strategy Package Rebound short: short near 3265, stop loss 3269, target near 3220! Labaron believes that Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning income is a stage medal, and long-term stable and continuous profit is the only certificate to finally stand up from the sea of ​​corpses and blood.
OANDA:XAUUSDShort
by Labaron
1
5/12 Gold Trading SignalsGood morning everyone! Gold opened lower and extended losses today, influenced by easing China–U.S. trade tensions and ceasefire news from India-Pakistan. The recent rally was largely driven by safe-haven demand amid geopolitical concerns. As tensions ease, gold's retracement is a logical market reaction. 🔍 Technical Outlook: Gold has now returned to a previous consolidation zone . While some support exists, current candlestick structure and most indicators show no clear bullish reversal yet. Entering long positions too early may pose short-term risks, so trend trades should wait for stronger confirmation. For flexible intraday trading, watch: Support at 3263–3246: Holding this zone could trigger a rebound back toward 3309 resistance. 📌 Trading Recommendations: ✅ Sell Zone: 3306 – 3321 ✅ Buy Zone: 3218 – 3198 🔁 Range for Scalp/Short-Term Trades: 3294 – 3263 / 3238 – 3269
FOREXCOM:XAUUSDShort
by China_MsWang
CPI-Inflation Assessment, Gold Accumulation 📌 Drivers In geopolitics, Indian Prime Minister Narendra Modi said on Monday that military action against Pakistan was only paused, warning that future actions would depend on Islamabad's position. Meanwhile, Ukrainian President Volodymyr Zelensky expressed his willingness to meet with Russian President Vladimir Putin later this week after U.S. President Donald Trump called on Zelensky to "immediately" accept an invitation to a peace summit in Turkey. These developments have heightened geopolitical risks, which could boost demand for safe-haven assets such as gold, thereby enhancing the appeal of gold amid continued global uncertainty. 📊Comment Analysis CPI evaluates the inflation level of the US economy, and the price of gold continues to strive to maintain a price range of around 3200 💰Strategy Package 🔥Selling gold area: 3281-3283 SL 3288 TP1: $3270 TP2: $3260 TP3: $3250🔥 Buying gold area: $3176 - $3174 SL $3169 TP1: $3185 TP2: $3198 TP3: $3210⭐️ Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof that can finally stand up from the sea of ​​corpses and blood.
OANDA:XAUUSDShort
by Labaron
1
Tariff easing has just begun 📌 Driving factors The historic easing of tariffs between China and the United States, the imminent peace talks between Russia and Ukraine, the ceasefire between India and Pakistan, and the market's pricing of geopolitical risks have obviously cooled down, which has further shrunk the demand for gold as a regional safe-haven tool. The situation in the Middle East is complicated, and it is necessary to monitor the latest developments in real time, focus on the latest developments in the follow-up news, and adjust strategies in real time. 📊Comment analysis In the Asian session, gold is concerned about the upper resistance at $3,250 today. The rebound relies on the resistance below to continue shorting. The lower point is $3,207. If it falls below, it will be $3,150. For specific operations, please pay attention to the free channel. 💰Strategy Package Long position: Actively participate at 3200 points, with a profit target of around 3230 points Short position: Actively participate at around 3245 points, with a profit target of around 3220 points Labaron believes Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof of being able to stand up from the mountains of corpses and seas of blood.
OANDA:XAUUSDShort
by Labaron
Shorts were active at the beginning of this week, and prices fel 📌 Gold driving factors The joint statement of the Sino-US Geneva economic and trade talks has just been released. This development has hit the safe-haven demand for gold and has become the fuse for a new round of gold selling. Coupled with the hawkish "holding back" of the Federal Reserve, the dollar has remained stable near its multi-week high and put pressure on gold. The trend of gold prices seems quite fragile. 📊Commentary analysis The next resistance for gold prices is the static barrier of $3360-3365/ounce. If it can be decisively overcome, it will eliminate the recent bearish tendency and lay the foundation for gold prices to regain the $3400/ounce mark. 💰Strategy Package ⭐️Set Gold Price: 🔥Sell Gold Zone: 3315-3317 SL 3322 TP1: $3300 TP2: $3290 TP3: $3280 🔥Buy Gold Zone: $3223 - $3225 SL $3218 TP1: $3238 TP2: $3245 TP3: $3260 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
1
5/9 Gold Trading SignalsLong time no see, my friends! My holiday trip is about to end. I attended two weddings during this trip, which was unforgettable! I hope that everything goes well for everyone during my absence! Gold has risen recently and returned to above 3400 again. Although it has fallen back in the past two days, the current technical level shows that the bulls are not over yet! This means that if there are friends who buy at high prices, they will have a chance to get out of trouble without doing other operations! From the current pattern, it is in the stage of triangle consolidation. It is necessary to pay attention to the resistance of the 3360-3382 range. If the price falls under pressure at this position, we need to observe the support of the 3300-3280 range to determine whether it can form a short-term double bottom pattern or a head and shoulders bottom pattern again, so as to support the bulls to run again. Based on the above analysis, today's trading suggestions: Sell in the 3364-3386 range Buy in the 3318-3302 range Flexible trading in the 3323-3362 range
FOREXCOM:XAUUSDLong
by China_MsWang
Gold long and short repeated operation 📌 Negative driving factors Gold prices fell below $3,320/ounce on Thursday as the US-UK trade agreement improved risk appetite. Gold fell nearly 4% in two days as the US-UK agreement boosted risk appetite and demand for the US dollar. 📊Comment analysis Gold fell directly at the opening of the Asian session today, and did not provide a good position for short selling. However, it rebounded and rose later, regaining its footing at 3,330. The short-term price fluctuated between long and short. 💰Strategy Package 🔥Sell Gold Zone: 3351-3353 SL 3358 TP1: $3340 TP2: $3330 TP3: $3320 🔥Buy Gold Zone: $3232 - $3234 SL $3227 TP1: $3245 TP2: $3260 TP3: $3270 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSD
by Labaron
Gold prices face substantial short-term suppression 📌 Bearish drivers Gold prices (XAU/USD) rebounded from a multi-day low in early Asian trading, and are now at the psychological level of $3,300. Ongoing geopolitical uncertainties, including the Russia-Ukraine conflict, heightened tensions in the Middle East, and renewed frictions on the India-Pakistan border continue to support gold prices. Even so, improved risk sentiment appears to have limited gold's upside due to renewed optimism around the US-UK trade agreement and the launch of US-China tariff negotiations over the weekend. 📊Commentary and analysis As tariff trade negotiations become more active, gold prices are facing huge selling pressure. Gold prices may return to the 3233 price range and continue to rise. 💰Strategy Package 🔥Sell Gold Zone: 3351-3353 SL 3358 TP1: $3340 TP2: $3330 TP3: $3320 🔥Buy Gold Zone: $3232 - $3234 SL $3227 TP1: $3245 TP2: $3260 TP3: $3270 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
1
How to operate gold in the short term today 📌 Negative drivers The trade peace talks have really entered a substantive period. Japan, the most active country, did not become the first country to sign the agreement. Instead, it was the United Kingdom and the United States, setting an example for everyone. This also means that Europe, Japan, India, etc. will also enter the substantive stage, which will become a battlefield for Sino-US trade. Gold, the surge since April, all came from the global trade war initiated by the United States, and the retracement node also fell because the trade war eased. From the conclusion of the British and American talks this morning, more and more countries will sign, which will affect the rising rhythm of gold. Divergence of geopolitical risk aversion: Although the escalation of the India-Pakistan conflict has boosted risk aversion demand, the market's expectations of the controllability of the conflict have weakened the risk aversion premium of gold. The current conflict has not yet reached the level of a full-scale war, and there is a risk of "dying in the light" in risk aversion demand. 📊Comment analysis Short-term casual 20 US dollars +, follow the trend is very important, and follow the watershed. The Asian session broke the low point of yesterday morning, and the tariffs also loosened for the first time. Don't go long. 💰Strategy Package Gold price has continuously fallen below the moving average and has been falling all the way. How can we go long in such a market? Continue to stick to the high-altitude thinking. Now the 3320 line has become a pressure point. Below it, we insist on going short. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
1
The range is broken and the bulls are ready to go!📌Fundamentals: 1. In the Fed's decision, Powell maintained the 4.25%-4.5% interest rate expectation, which was exactly the same as the expectation I mentioned, and predicted the result of the entire decision. 2. The India-Pakistan conflict intensified, and global geopolitical risks continued to heat up. From Gaza to Russia and Ukraine, and then to India and Pakistan, risk aversion will continue to provide long-term support for gold prices. 📊Technical aspects: Affected by the interest rate decision, gold bottomed out and rebounded, but did not fall below the low of 3360. The daily line closed in the negative. The data had little impact. Of course, there are also concerns about the increase in inflation and unemployment caused by the increase in taxes. It is expected that there will be another interest rate cut in July, which provides support for gold. After the Asian session opened under short-term pressure at 3397, it broke through and increased in volume, and walked out of the shock range of the first half of the week. The previous article mentioned that squats and long jumps were realized. Today, we maintain a bullish mindset and pay attention to the top and bottom conversion support of 3400. If it can stabilize in the US market, we can continue to go long. The upper side will gradually look to 3423 and 3435, and it is not ruled out that it will go near the previous high. 🎯Practical strategy: Gold is long near 3387-3380, and look at 3423 and 3435! If it is strong, it is long based on the support of 3402-3398!
OANDA:XAUUSDLong
by TP_Daniel5
Gold prices remain volatile, where is the profit range? 💢 Driving factors Gold prices plunged nearly 2% yesterday, mainly due to the strengthening of the US dollar and the optimism brought about by the upcoming trade talks between the United States and China. The Federal Reserve kept interest rates unchanged on Wednesday, but pointed out that the risks of rising inflation and unemployment increased, which further clouded the economic outlook as the Fed struggled to assess the impact of Trump's tariff policy. When the US dollar strengthens, it means that gold is relatively expensive for buyers holding foreign currencies. But despite the decline in gold prices, it is still supported by global geopolitical risks and central bank buying. 📊 Commentary Analysis Gold basically fluctuated in the 3400-3360 range today, which is a typical fluctuation. But for high-level fluctuations, we must worry about the breakthrough after the platform is sorted out, and we must also worry about the stagflation retracement, which depends on the time cycle. Therefore, the current trend, people who like fluctuations feel very good, and those who look at one-sidedness feel uncomfortable. Today's early trading operations are still temporarily carried out in the 3400-3360 range, and new layouts will be made after the break! 💰Strategy Package The Asian session is expected to remain volatile, and both long and short positions have opportunities. You only need to operate at the right time. Go long when the short-term retracement reaches 3370 support, and go short when the upper resistance reaches 3410. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDLong
by Labaron
Gold fluctuates, long and short operations in the US market! 📊Comment analysis At 14:00 on Wednesday, US time, Fed Chairman Powell will hold a monetary policy press conference. The market generally expects that the FOMC will continue to remain on hold at this meeting, as the impact of tariff policies on inflation and the economy remains to be seen; the Fed may cut interest rates in June. Since this interest rate decision does not update economic forecasts, the focus will be on the Fed's accompanying comments on any signals of future interest rate cuts to support the economy. Since the decision to keep interest rates unchanged has been fully digested by the market, Powell's tone at the press conference will be the key to changing the market's expectations for interest rate cuts this year. 💰Strategy package The US market is expected to remain volatile, and both long and short positions have opportunities. You only need to operate at a certain point. Go long on a short-term retracement to 3378 support, and go short when it reaches the upper resistance of 3408. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose a lot size that matches your funds - Profit is 4-7% of the capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSDLong
by Labaron
3
Are gold bulls regaining control of the market? 📌 Driving factors The latest news from the Chinese Ministry of Foreign Affairs on Wednesday showed that Chinese Vice Premier He Lifeng will visit Switzerland from May 9 to 12. During this period, he will serve as the Chinese leader of Sino-US economic and trade and hold talks with the US leader, US Treasury Secretary Benson. Beijing said that on the basis of fully considering global expectations, Chinese interests, and the calls of the US industry and consumers, China decided to agree to engage with the US. Any dialogue and negotiation must be carried out under the premise of mutual respect, equal consultation, and mutual benefit. If the United States attempts to continue to coerce and blackmail under the guise of talks, China "will never agree." The market is paying attention to the policy decision announced by the Federal Reserve on Wednesday. It is expected that the Fed will keep interest rates unchanged at the meeting, but this meeting may be the last meeting with such a clear result. Federal Reserve Chairman Powell is unlikely to provide clear guidance on how the Fed plans to respond to U.S. tariffs. Macquarie analysts led by Thierry Wizman wrote in an investor report, "If traders naively believe that the Fed will save the world and use obvious "dovish" signals to alleviate the recent increase in policy and political uncertainty, then they should think again." In addition, investors also need to pay attention to the impact of news related to the geopolitical situation. This week, Israel and the Houthi armed forces "fought hard", which also provided safe-haven buying support for gold prices. There have also been some conflicts between India and Pakistan, which investors need to pay attention to. 📊Comment Analysis Gold price awaits today's interest rate result, rebounded well above 3400 but then fell immediately, indicating that the market is not ready for the first rate cut, and if there is, gold price may face strong selling pressure today 💰Strategy Package Long position: Actively participate near 3365 points, profit target is around 3420 points ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
1
3420, gold prices can reach today 📌 Gold driving factors Driven by the weakening of the US dollar and safe-haven demand, spot gold closed up $93.77 on Monday, up 2.9%, at $3333.32 per ounce. On Monday local time, US President Trump signed an order on biomedical research, hoping to take the opportunity to promote the US pharmaceutical manufacturing industry. Trump also announced that tariffs on pharmaceutical products will be announced in the next two weeks. Kitco Metals senior metals analyst Jim Wyckoff said: "We see continued inflows of safe-haven demand, keeping gold prices high. Gold prices will remain above $3,000 per ounce, at least in the short term." Gold is often seen as a safe-haven tool in uncertainty and performs well in a low-interest rate environment. Gold prices have soared 26.3% this year and have set new historical highs many times. 📊Comment Analysis Bulls regained their dominance, and the upward trend approached above 3400 before the market expected a rate cut 💰Strategy Set 🔥Sell Gold Area: 3418-3420 SL 3425 TP1: $3410 TP2: $3400 TP3: $3385 🔥Buy Gold Area: $3323 - $3321 SL $3316 TP1: $3330 TP2: $3340 TP3: $3358 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDLong
by Labaron
3
Gold could reach 3420 today 📌 Gold Drivers Gold prices (XAU/USD) retreated slightly from intraday highs near two-week highs hit during the Asian session on Tuesday, but still held steady near $3,360, extending gains for a second day in a row. Improved U.S. economic data helped ease market concerns about a recession, providing mild support for the dollar. At the same time, signs that Sino-U.S. trade tensions may ease curbed gold's safe-haven demand, prompting some investors to take a wait-and-see approach ahead of the much-anticipated two-day Federal Open Market Committee (FOMC) policy meeting. The Trump administration's imposition of tariffs of up to 25% or even 100% on semiconductors will further disrupt the global semiconductor supply chain, forcing many semiconductor manufacturers to look for alternative sources of supply or manufacture in the United States. 📊Comment Analysis Bulls regained their dominance, and the upward trend approached 3400 before the market expected a rate cut 💰Strategy Set 🔥Sell Gold Area: 3418-3420 SL 3425 TP1: $3410 TP2: $3400 TP3: $3385 🔥Buy Gold Area: $3323 - $3321 SL $3316 TP1: $3330 TP2: $3340 TP3: $3358 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDLong
by Labaron
1