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Xauusdanalysis

XAUUSD LongOANDA:XAUUSD Since the beginning of the year, gold has been on an impressive uptrend, gaining over 5,000 pips and culminating in last week's all-time high (ATH) at 3,167. As I mentioned in last week's analysis, even though we are in a strong uptrend, the price has deviated too far from the mean, making a correction inevitable. ✅ Friday Trade: After testing the resistance zone formed between 3,135 and 3,140, gold experienced a significant drop, closing the week 1,000 pips lower than its peak during Friday's session. 📉 Recent Developments:** The correction continued yesterday, with gold recently touching a necessary confluence support around 2,950. 📈 What's Next? I expect an upward movement and a resumption of the uptrend, with targets at: • The 3,050 zone 📌 • The 3,080 zone 📌 🎯 Plan: Buy dips near support, aiming for the mentioned targets. This analysis would be negated if there is a clear break below 2,950. 🚀
OANDA:XAUUSDLong
by PRIMERONIN
Gold's slow rise approaches key resistance! Follow 3020Early layout plan for gold: On Tuesday, the public strategy suggested shorting gold at 3015, which was perfectly hit again, and successfully obtained high-altitude profits. In the real market, short orders near 3014 were also arranged, and the market closed at 3000-2998, and then 14-16 points of profit were collected! Gold technical analysis: On Monday, gold went long and short, and then rushed up and fell back! Yesterday, it was also mentioned that it was still a high-opening strategy, and then gold rebounded and plummeted in the evening; from a technical point of view, the previous gold daily chart encountered resistance near the historical important resistance level of 3135 and then went down, pulling out a big negative line, which is a strong message for the shorts! Although the current gold price is close to the lower track of the Bollinger band below, the shorts are still very strong. But at present, our general direction is still bearish. In addition, according to the current 4-hour chart, gold formed a double top pattern correction in the early stage. Although the short-selling force is strong at present, the long-selling force is not weak. The slow rise and pullback in the early trading has some strength. The upper resistance is still around 3020, and the key pressure is above 3035! Gold operation strategy: short around 3015-3020, defend the key resistance of 30-35, and target 2990-80! Investing shouldn't be so difficult. I will provide one-on-one real-time guidance and tracking services for each customer, and will also share professional opinions in time to closely grasp the market dynamics. Here, you don't need to face the complex market alone. I will help you capture opportunities accurately and keep a close eye on the market. You just need to go to work as usual and accompany your family with peace of mind. When the trading opportunity comes, I will notify you as soon as possible. You just need to do a good job of entry and exit operations and reasonable position control. Don't ignore risks due to greed or negligence to avoid major losses due to sudden changes in the market. At the same time, the market is like sailing against the current. If you don't advance, you will retreat. Investors need to continue to pay attention to market dynamics, continue to learn and improve their investment capabilities, and adjust investment strategies in time to cope with the ever-changing market. This is the relaxed state that investment should have. Only 1-5 orders a day, follow a stable strategy, and continue to reap profits. Whether it is to recover the cost or to achieve several times the growth of funds, you can do it. When the market trends come, I'll be there! Please follow and contact me in time!
OANDA:XAUUSDShort
by TP_Daniel1
Gold is Bullish, Target 3030-3060At the market open today, we signaled a buy opportunity near the 2980 level for gold. Since then, the price has surged over $30, and those who followed the strategy have already secured solid profits. Gold is now approaching a short-term resistance, so a minor pullback may occur. However, the overall uptrend for the day remains intact, and our strategy continues to favor buying on dips. Based on the current chart pattern, there's potential for the price to rise toward the 3030–3060 zone later today. Stay alert for retracement opportunities, manage your position size wisely, and trade with discipline. If you missed this entry, don’t worry — the next opportunity is just around the corner!
FOREXCOM:XAUUSDLong
by Trading_King_Arthur
Gold likely to drop further despite tariff concerns!Hey Traders! Taking a step back and analyzing Gold on the higher timeframes, we can clearly see that price has been respecting a rising channel—though not without the occasional breakout (as always, the market rarely follows levels to perfection). Most recently, price faced a strong rejection from the upper boundary of the channel, leaving behind a notable wick on weekly timeframe that suggests weakening bullish momentum. Based on this, I’m anticipating a deeper retracement in the coming sessions. My next area of interest lies around the 2900 zone, which also aligns perfectly with the 78.6% Fibonacci retracement level—a key confluence that could attract buyers again. 📉 Will Gold continue sliding lower before finding support? Or are the bulls planning another surprise? I’d love to hear your thoughts—drop your take in the comments below! 🔍👇 If this analysis provided value, a boost would mean a lot. Thanks for the support and happy trading! 🚀💛
CAPITALCOM:GOLDShort
by AmaWina
Gold has adjusted to the right level and continues to rise!From the closing point of view, the daily line finally closed with a big Yin line with an upper shadow slightly longer than the lower shadow. After such a pattern ended, today's market still has the need for adjustment, but as the market is oversold, the market has the need for rebound correction. Therefore, we treat it as a range shock during the day, maintain high-altitude and low-multiple, and focus on the intraday support of 2956-60. The short-term support is 2978-75. In theory, if you want to wash the market, wash it harder. 3000 can't stop it. Pay attention to the 3020-30 range, and even rush yesterday's high area and then fall. Today, it is mainly bullish and long. There is only more but no short below 2980. The bullish risk area above 3025-30, especially after a rapid rise, refer to the resistance to short! In general, the gold price is still in a long-term bullish trend, and the long-term operation still maintains the idea of ​​buying on dips; the medium-term may maintain high-level shocks, and the medium-term operation needs to be treated with caution; although it is in a downward trend in the short term, beware of technical pullbacks due to oversold, and wait for opportunities to buy on dips in short-term operations. Today's short-term operation strategy for gold is to focus on long positions on pullbacks and short positions on rebounds. The short-term focus on the upper side is the 3025-3030 line of resistance. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3030-3035, stop loss 6 points, target around 3010-3000, break to see 2990 line; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 2990-2993, stop loss 6 points, target around 3010-3020, break to see 3035 line;
OANDA:XAUUSDLong
by BenedictLuc8
Latest market trend analysisThe current trend of gold is complex, affected by multiple factors. The radical tariff policy has made many countries concerned about trade retaliation, which highlights the strong position of the United States as an important buyer market in the world, and has also caused market uncertainty to a certain extent. After the sharp drop on Thursday and Friday last week, the intraday fluctuation of gold reached $100 on Monday, the lowest point fell to $2,954, and the cumulative decline from the high of $3,167 was more than $200. Gold is currently in the fourth trading day of decline and adjustment. Although there was a rebound in the morning, the 1-hour moving average is still in a downward short position arrangement, and the short volume has not decreased, indicating that the short-term short trend is still continuing. Gold prices are also trying to recover lost ground after falling, but the rebound is weak. The bottom signal has not been confirmed yet. At present, given the obvious short trend, Xu Gucheng recommends rebounding shorts as the main strategy and callback longs as the auxiliary strategy, and pay close attention to the upper resistance of 3025-3030 and the lower support of 2956-2950. Operation strategy 1: It is recommended to go short at 3025-3030 on the rebound, stop loss at 3040, and the target is 3000-2970. If it breaks, it will be 2050. Operation strategy 2: It is recommended to go long at 3000-2994 on the pullback, stop loss at 2988, and the target is 3020-3030.
OANDA:XAUUSD
by JosephChristian
Full analysis of gold operation strategiesTechnically, gold rebounded quickly in the Asian session and was under pressure from the 3055 level, then fell and fluctuated. In the afternoon European session and the evening US session, it was under pressure from the 3045 level, then fell and fluctuated downward, breaking the bottom. In the early morning, the price of gold accelerated downward, broke through the 2960 level and reached around 2957, where it stabilized and rebounded. The daily K-line closed at a high and then fell back to the hanging neck middle shadow. After the overall gold price reached the high point of 3167 last week, it was suppressed and fell downward for three consecutive trading days. The hourly moving average of gold was in a volatile operation, and the strength of gold shorts had not weakened. Gold rebounded or continued to be short, and gold was still weak overall. Gold was still under important pressure near 3055, and continued to be short after the rebound was blocked. Affected by trade tariffs, the global market encountered a "Black Monday". Gold had a big intraday shock on Monday, with an intraday amplitude of nearly $100, and finally broke down in the US session. Investors turned to the US dollar for risk aversion due to tariff concerns. The gold market showed a sharp decline, continuing the downward trend at the end of last week. The daily level has closed negative for three consecutive days. At present, gold has fallen by $100 for three consecutive days. The daily price has hit the 30-day moving average support for three consecutive days. It is difficult for gold to hit a new low today. Gold is in the fourth trading day of decline and adjustment. Although there was a rebound in the morning, the 1-hour moving average still showed a short arrangement with a death cross downward, and the short volume has not decreased, indicating that the short-term short trend is still continuing. After the gold price fell, it is also trying to regain lost ground, but the rebound is weak. Now the bottom signal has not been confirmed. At present, given the obvious short trend, it is recommended to rebound short as the main, and callback long as the auxiliary, and pay close attention to the upper 3025-3030 resistance and the lower 2956-2950 support. Operation strategy: 1. It is recommended to buy gold at 3025-3030 rebound, stop loss at 3040, target at 3000-2970, break at 2050. 2. It is recommended to buy gold at 3000-2994 pullback, stop loss at 2988, target at 3020-3030.
OANDA:XAUUSD
by EmmaSaxton
1
XAUUSD - 2950 As the market is continuing its bearish order flow, I'm expecting it to react from the current supply range. Which is 1H supply zone and 15 refined supply zone. Here’s the expected sequence of movement: 1. It gave a fake out from the channel pattern. 2. I expect a push higher to take out the previous LTF swing high, resulting in an iBoS. 3. Following that, I need market to give CHoCH and tap in the supply zone which caused the CHoCH and continue to fall until it reaches the price lvl of 2950 range. Even if the price starts to fall from the current trading price the plan is still the same 📉. This is my current plan for now. If there's any changes arise, I will update the outlook accordingly. Thanks you for your time..
OANDA:XAUUSD
by Naren_2410
GOLD MARKET OUTLOOK – Investor Panic After Fake News🟡 GOLD MARKET OUTLOOK – Investor Panic After Fake News, Bearish Bias Remains 📉 Current Strategy: Focus on SELL setups at key resistance zones – short-term bearish outlook remains valid 📌 US Session Recap: Gold saw a sharp sell-off after a fake news report circulated about the US delaying its planned tariff policy. → While the White House later confirmed it was misinformation, the damage was done — panic selling hit across global markets. 💥 As a result, gold dropped aggressively and reached the 295x zone, aligning perfectly with AD’s previous short bias. Meanwhile, US equities also continued to bleed red. 🧠 Market Sentiment: “Cash is King” is Back With global instability and fear on the rise: 🔹 Investors are hoarding cash 🔹 USD demand increases, along with inflows into US government bonds 🔹 Risk assets like gold, stocks, and crypto are being dumped 💡 This could be part of Trump’s larger play — forcing global capital to flow back into US Treasuries while applying pressure on speculative markets. 🔮 AD’s View: Unless we see a clear shift in investor sentiment, the base case remains: → Sell rallies through midweek, then reassess. 🧭 Key Technical Zones to Watch: 🔺 Resistance: 3005 – 3016 – 3035 – 3056 – 3076 🔻 Support: 2980 – 2969 – 2956 – 2930 – 2912 🎯 TRADE PLAN: 🟢 BUY ZONE: 2930 – 2928 SL: 2924 TP: 2934 – 2938 – 2942 – 2946 – 2950 🔴 SELL ZONE: 3034 – 3036 SL: 3040 TP: 3030 – 3026 – 3022 – 3018 – 3014 – 3010 – ??? 📌 Keep an Eye on DXY: The US Dollar Index is currently testing a major 3-year support level. → If equities fail to recover and fear persists, DXY could bounce — and gold would likely continue its correction lower. ⚠️ Final Note: We’re in a highly volatile and uncertain environment. → Stick to the plan. Respect your SL/TP levels. Avoid emotional decisions. — 📣 Found this perspective useful? Follow for daily macro-backed trade ideas and real-time market structure breakdowns. Clarity. Consistency. Risk Management. — AD | Money Market Flow
OANDA:XAUUSDShort
by MMFlowTrading
3
Gold's Rollercoaster: From 3167 ATH to 2950 Support–What's Next?Since the beginning of the year, Gold has been on an impressive uptrend, gaining over 5000 pips, culminating with last week's ATH at 3167. As I highlighted throughout last week's analyses, even though we're in a strong uptrend, the price was too far deviated from the mean, making a correction inevitable. ✅ Friday Recap: After testing the resistance zone formed at 3135-3140, Gold dropped hard, closing the week 1000 pips lower from its peak during Friday's session. 📉 Recent Developments: The correction continued yesterday, with Gold recently touching an important confluence support around 2950. 📈 What's Next? I expect an upward movement and resumption of the uptrend, with targets at: • 3050 zone 📌 • 3080 zone 📌 🎯 Plan: Buy dips near support, aiming for the mentioned targets. The analysis would be negated if we see a clear break below 2950. 🚀 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:XAUUSDLong
by Mihai_Iacob
XAU/USD "The Gold" Metal Market Heist Plan (Scalping/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Blue MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout then make your move at (3000) - Bearish profits await!" however I advise to Place sell stop orders above the Moving average (or) after the Support level Place sell limit orders within a 15 or 30 minute timeframe most NEAREST (or) SWING low or high level. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (3050) Day/Scalping trade basis. 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 2960 XAU/USD "The Gold" Metal Market Heist Plan (Scalping/Day Trade) is currently experiencing a Neutral trend (there is a chance to move bearishness),., driven by several key factors.👇 📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
FXOPEN:XAUUSDShort
by Thief_Trader
Gold Analysis April 7The D1 candle on Friday clearly identified selling pressure and the amount of fomo pushed the price to 2972. The H4 structure is still showing that the downward force will continue to be maintained when 3054 was rejected by the buyers. Back to the trading plan The 3018 and 3035 border areas are considered sideways compression borders. If the price breaks 3018, wait for a retest and sell to 3003. If the US session breaks 3003, then push to 2955. If the 3018 border remains strong, wait for a break of 3035 to BUY to the exchange price zone of 3054. BUY signals for short-term city and are considered to be against the trend at the moment. When the US session fails to break 3055, you can sell and hold long. If it breaks 3055, waiting for 3080 to sell will be safer than fomo to BUY against the trend.
OANDA:XAUUSD
by TVS-Trader
1
Trump is controlling the world marketFear gripped global markets earlier this week as major economies clashed over tariffs that threatened to push the United States and the world into recession. Donald Trump said on Sunday that the United States was taking “medicine” to cure its trade “disease.” But the pressure on the Trump administration is growing as Americans’ investment and retirement accounts have plummeted. Even Trump’s staunchest supporters, including Sen. Ted Cruz, Rep. Mitch McConnell and Elon Musk, have begun to voice concerns. JP Morgan CEO Jamie Dimon warned that the tariffs would push up commodity prices and slow economic growth, potentially leading to “stagflation.” The market is currently pricing in five rate cuts by the Federal Reserve this year, totaling 1.25%. Many investors believe the Fed could make an emergency rate cut before its next policy meeting. Technically, despite the weakness in gold prices, buyers still have the technical advantage in the short term. The overnight rebound suggests that sellers may be exhausted. The buyers’ target is to close above the resistance level of $3,201.60/ounce (the contract high). On the other hand, sellers want to push prices below the support level of $2,950/ounce.
OANDA:XAUUSDShort
by FalCol_TradingMaster
1
#xauusd #Gold (April8)Levels where price reactions are most likely to occur during the day. Naturally, at each level, you can have buy and sell positions and you can freely use the levels for a new order or for TP of your postions. The levels are updated daily! The results of price reaction to these levels will be shown in the upcoming videos. You should note that the levels are based on price action knowledge, and no indicators are used to determine these levels. Therefore, the reaction ranges could occur a few pips above or below the levels marked on the charts!
PEPPERSTONE:XAUUSD
by chartwikii
Buy gold, expect a rebound to 3000Gold just fell to 2958, but quickly rebounded to above 2965. The short-term support of 2965-2960 was not effectively broken. Gold quickly recovered above the short-term support, proving that bulls still have room to fight back. I expect gold to at least rebound and test the 3000 position again, so in short-term trading, we should not be too bearish on gold. I actually reminded everyone in the last article update that we can buy gold when gold falls. In this extremely fierce market, with a cautious trading mentality, I actually do not expect too much about the rebound space of the bulls. Once gold touches around 3000, I will leave the market safely and lock in profits! The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
OANDA:XAUUSDLong
by Trader_Marvin
Gold's 4-hour range has been broken, waiting for further declineTechnical analysis of gold: Gold continued to fall in the US market, and the price continued to return to the low point of the Asian market. The rise was not continuous, and the impact of tariffs remained. The market reported that the tariffs would be suspended for 90 days. It can be seen that US stocks, crude oil, gold and silver all rose rapidly, and then it was confirmed to be false news, and then fell back quickly. It can be seen that as long as the impact of the tariff news does not change, all assets will continue to be sold. However, the current fluctuations are too fast and the amplitude is too large. Short-term operations may not be easy to start, but the direction is still the most important, followed by the position. In other words, gold will continue to fall sharply. Gold continued to rebound at the opening today. The rebound amplitude actually exceeded our expectations, but the recent market is actually volatile. Because the fluctuations are relatively large, it is reasonable to have a larger amplitude, but it increases the difficulty of operation. Gold fell back after rising again, and now it is caught in a large range of fluctuations, but the overall trend is still bearish. The US market rebound is still bearish. Gold's 1-hour moving average continues to cross the downward short divergence, and the short force has not weakened; the rebound is still short. Although gold rushed up after filling the gap in 1 hour, the upper shadow line quickly came down. The overall situation is still weak. It is under pressure near 3050 in the short term. The US rebound is under pressure at 3012 resistance, so it can continue to be short. The market is changing rapidly. Although gold seems to rebound strongly, it will eventually rush up and fall back. Gold is still the home of the shorts. However, it is now volatile. Pay attention to patiently wait for the rebound, and the volatility should not be underestimated. However, the thinking is still to maintain a high-altitude thinking. On the whole, the short-term operation of gold today is recommended to be short-selling on rebounds and long-selling on callbacks. The short-term focus on the upper side is 3012-3015 resistance, and the short-term focus on the lower side is 2950-2956 support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation. Gold operation strategy reference: Short order strategy: short gold rebound near 3012-3015, stop loss 10 points, target near 2980-2970, break to see 2956 Long order strategy: long gold callback near 2953-2956, stop loss 10 points, target near 2970-2980, break to see 3000
OANDA:XAUUSDShort
by TP_Daniel1
GOLD (XAU/USD) - Double Top & Bearish Breakdown Incoming?📉 GOLD (XAU/USD) - Double Top & Bearish Breakdown Incoming? 📉 Gold has been trading in an ascending channel, but a possible double top pattern is forming near $3,163. The recent breakdown from the midline suggests that sellers are stepping in! 🚨 🔎 Key Observations: ✅ Double Top Rejection: Price failed to break above $3,163, signaling a potential bearish reversal. ✅ Break Below the Channel Midline: A retest of $3,129 could act as a confirmation before further downside. ✅ Bearish Targets: Next support zones lie at $3,083 - $3,005, with potential for deeper correction. 📊 Possible Scenarios: 📌 Bearish Case: If price gets rejected at $3,129, expect further downside towards $3,060 - $3,040. 📌 Bullish Case: If bulls reclaim $3,129, gold might retest highs near $3,163. ⚠️ Watch price action closely! A confirmed breakdown could accelerate selling pressure! 📉 What do you think? Will gold hold, or is a deeper drop coming? Share your thoughts in the comments! 👇🔥 #Gold #XAUUSD #Trading #Forex #DoubleTop #TechnicalAnalysis #PriceAction
EIGHTCAP:XAUUSDShort
by DollarsMagnet
1
Tariff policy triggers roller coaster marketTrump's tariff stick is wielded around the world, and gold bulls have taken advantage of the trend to pull up, demonstrating its safe-haven properties. Although the gold price has fallen back, the K-line has stabilized above 3110, and the bulls' strength should not be underestimated. After falling below the support level of 3130, the market has weakened, and we need to be alert to the risk of further correction. At present, the focus below is on the support of the integer mark of 3100, which is also the location of the previous small double bottom. The upper resistance is in the range of 3137-3141. In terms of operation, it is recommended to mainly go short on rebounds. Operation strategy: It is recommended to go short at the rebound of 3137-3142, with a stop loss of 3150. The target is 3110-3100, and the battle for 3085 will be launched if it breaks.
OANDA:XAUUSDShort
by BenedictLuc8
Gold crashes again! There is still room for shorts to continue!In the current situation, don’t expect gold to rise sharply in a short period of time to form a rebound. The gold content of following the trend is still rising. Wait for a rebound in the early trading and go short! The upper pressure level is the closing price of last week at 3036, and the further pressure level is the top and bottom conversion level of 3054! You can ambush and short near 3036 in the early trading! Strategy: Gold 3036 short, stop loss 3046, target 3000
FOREXCOM:XAUUSDShort
by MarjorieMatthew
Gold gapped and opened lower, trend analysis.Gold has fallen again since the opening, and the lowest point has fallen to US$2,978 per ounce. The 1-hour moving average of gold has formed a death cross downward, so gold bears still have motivation, and gold can only rebound in the short term. Gold will continue to be short after the rebound, and then gold will enter a period of volatility. After the sharp drop in gold from a high level, bears will have the upper hand in the short term. Unless there is a big positive news, it will be difficult for gold to rise directly. The last physical K-line box of gold in the 1 hour will form short-term suppression. The resistance line of gold rebound is 3054. If under pressure, then the rebound of gold will continue to be short at highs. Recommendations: Strategy 1: Wait for it to fall back to around 2990, buy, stop loss at 2981, short term focus on 3020, target 3070-80; Strategy 2: Wait for it to fall back to around 2961, buy, stop loss at 2956, target as above.
FOREXCOM:XAUUSDLong
by MarjorieMatthew
Gold still has the potential to bounce back to 3070!Gold has been experiencing significant volatility driven by fundamental factors. While bearish sentiment appears to remain dominant, the recent downside move has already priced in much of the negative risk. As such, traders should avoid an overly one-sided bearish bias in the current environment. After bottoming out near the 2970 level, gold staged a strong rebound. During the ensuing consolidation phase, the 3010–3000 zone has provided consistent support, signaling the emergence of a short-term demand zone. This indicates that the bulls have not completely capitulated and may attempt to stage a corrective rally toward the 3050 level, or potentially even as high as 3070. From a short-term trading perspective, we may consider initiating long positions within the 3015–3005 range, aiming for an upside target of 3050, with a possible extension toward the 3070 resistance area. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
OANDA:XAUUSDLong
by Trader_Marvin