Get started

Xauusdanalysis

#XAUUSD:From Our Last Analysis 534+ Pips What Next?We published our analysis on gold on April 24th, highlighting the bullish market presence. The price indeed reversed from our zone, enabling us to make a significant move of over 234 pips. We anticipate a continuous price increase from our entry zone, potentially reaching 3500$. There are several reasons behind this belief. Firstly, the escalating war-like tension between India and Pakistan could lead to a surge in gold prices, potentially surpassing the previous high. Secondly, the heightened tensions among global investors are expected to result in an extreme bullish movement in gold prices. Given the volatility of gold, we recommend trading cautiously and taking extra precautions while trading gold. Wishing you good luck and safe trading! Thank you for your support! 😊 If you’d like to contribute, here are a few ways you can help us: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
OANDA:XAUUSDLong
by Setupsfx_
4
Gold is expected to continue to retrace the 3235-3225 region.Fundamentals: 1. The tariff issue has been relatively eased, and Trump's repeated attitude towards tariffs has made the market bullish energy not firm; 2. A small-scale conflict broke out between India and Pakistan, which has not had a great impact on gold for the time being. It is necessary to pay attention to whether the situation will escalate; 3. At the same time, it is necessary to pay attention to the dynamics of the Federal Reserve, the Russia-Ukraine negotiations, the US-Iran negotiations, etc. Technical aspects: At present, gold is in a state of shock correction as a whole, but from the current structure, the rebound momentum of gold is insufficient, and the rebound high is gradually decreasing. The short-term support below is in the 3265-3260 zone; the short-term resistance above is at 3310-3320; if gold cannot stand above 3300 in the short term, gold may fall further and break through the 3265-3260 zone, and continue to the 3235-3225 zone. Trading strategy: Short-term trading is still mainly shorting gold after the rebound. You can use the 3300-3320 area as resistance and short gold in batches Trading target: Profit target this week: ≥$30K; OANDA:XAUUSD CAPITALCOM:GOLD FOREXCOM:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by Steffen_Schade
Gold market, further decline is likelyOANDA:XAUUSD Continue to test the support level of 3270 points, looking for a breakthrough. Any easing of the Sino-US conflict may trigger a price drop. But things are not so simple. The Chinese Ministry of Foreign Affairs issued a statement: China and the United States have not discussed or negotiated on the issue of tariffs. Gold prices are under pressure before the tariff war and the release of US data. International situation: Russia issued a statement on a truce; and Ukraine issued a statement: If Russia really wants to achieve peace, it must immediately cease fire. If the two sides formally sign a truce agreement, the safe-haven demand for gold may also be greatly reduced. In the morning, gold prices tested last week's low of $3260, and the strengthening of the US dollar and the possible easing of Sino-US trade risks put gold prices under pressure. Traders are waiting for the release of key US GDP and labor market data, which may affect the Fed's interest rate expectations. In this context, if macro statistics are weak and geopolitical risks remain, the correction in gold prices may be replaced by growth. Another test of the support level may trigger a breakthrough. It is necessary to pay attention to the situation between China and the United States. Any easing of the situation will trigger a decline in gold. Upward resistance: 3300, 3325 Downward support: 3265, 3245, 3230 The possibility of further decline in gold prices has been exhausted since the opening. Gold prices may strengthen to the above resistance levels. A false breakout of 3300/3325 may trigger a decline, which may bring gold prices closer to the support level of 3270.
OANDA:XAUUSD
by Quaid-1
Gold's Trend and Trading Strategy for Next WeekLast week, the price of gold sharply declined after hitting the resistance level of $3,500, dropping to around $3,260 at its lowest point. The weekly chart closed with a bearish inverted hammer candlestick pattern, suggesting a sharp short-term downward momentum. However, on Friday evening, the gold price rebounded near the support level of $3,260 and regained the $3,300 mark. Combining the current fundamental and news-driven analysis, gold remains in an overall upward trend: Technical Analysis Although the weekly inverted hammer pattern indicates selling pressure at higher levels, the rapid rebound from the bottom to reclaim the key $3,300 level signals the persistence of bullish momentum. If the short-term decline fails to effectively break below the strong support at $3,250, the gold price has the potential for a rebound. Trading Strategy Next week, it is recommended to adopt a bullish bias and focus on long positions. Consider entering near $3,283, with a stop-loss set below $3,260. The upper resistance levels are sequentially $3,331 (short-term resistance) and $3,370 (target after breakthrough). Risk Warning Be vigilant against shocks to gold prices from sudden geopolitical news or changes in Federal Reserve policy expectations, and strictly control position sizing and stop-loss levels. I hope this strategy will be helpful to you. When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
OANDA:XAUUSD
by H_C_12
Pay attention to the direction of the breakoutIn the early trading session, gold declined after touching $3330 and rebounded after hitting bottom near $3260. The price movement is highly consistent with the strategic analysis we pushed over the weekend. It is recommended to trade within the range of $3260 - $3331. Closely monitor the direction of price breakouts. -$3331 (short - term resistance level) -$3260 (short - term support level) I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
FOREXCOM:XAUUSD
by H_C_12
Gold is expected to rise in the US market 🌐 Driving factors Geopolitical situation: US President Trump's special envoy Witkov held a three-hour meeting with Russian President Putin in Moscow last Friday to discuss the US plan to end the war in Ukraine. The Kremlin said that the positions of the two sides have become closer. Iran and the United States said on Saturday that they have agreed to continue nuclear talks in the coming week, but Iranian Foreign Minister Abbas Araqchi was "extremely cautious" about whether the negotiations aimed at resolving the decades-long deadlock can be successful. US President Trump expressed confidence in reaching a new agreement with Iran to prevent the country from developing nuclear bombs. Latest news: Russian President Putin announced on the 28th that a ceasefire will be implemented from 0:00 on May 8 to 0:00 on May 11. Bullish sentiment in the market cools down 📊Comment analysis After the Asian session gold gapped up and opened, it began to fall back quickly to around 3267. After a small rebound in the European session, it continued to retreat. It is currently maintained near 3290. It may continue to fall in the short term, and the support below is maintained near the previous low of 3265-3260 US dollars. This position will also determine the trend of the long and short positions in the later period. It is very likely to retreat again near this position in the evening and continue to make directional choices in the later period. Once the support is effective, the US session may usher in a rebound again, and the key suppression area above is maintained near the integer level of 3300. This position is also the high point of the rebound in the European session, and it will also be the key suppression position of the US session. The operation idea of ​​the US session is very simple. Continue to maintain a certain fluctuation in this range. Once it breaks through, consider stopping loss and exiting. 🔷Technical side: For the current gold, the 4-hour chart is fluctuating widely between 3330-3270, and is currently near $3295. ✔Operational suggestions, keep short-term trading: US gold operation strategy: If you try to go long at 3265-60 first, the target is around 3280-3290, and the loss is 3255. If you first pull back to 3295-00, go short with a light position, and the target is around 3270-3265, and the loss is 3205. In the short term, the long and short positions may continue to pierce, so you need to operate with caution! 💥Risk warning Liquidity risk: The market may be bearish in early May, and price fluctuations may be amplified. Policy black swan: Trump may suddenly change tariff policies or personnel changes at the Federal Reserve, causing violent market fluctuations. Technical false breakthrough: There are a large number of stop-loss orders near $3350, so be wary of reversals after inducing longs. Summary: This week, the gold market will be affected by geopolitics, the Fed's policies and the trend of the US dollar, and the fluctuation range is expected to be between $3260 and $3350. Investors need to pay close attention to key support and resistance levels and adjust their strategies flexibly.
OANDA:XAUUSDShort
by Labaron
4
Gold fluctuates at high levels, waiting for the adjustment to enGold remained under pressure during the Asian trading session and is currently trading below the $3,300 mark, with a daily decline of about 0.75%. The market sentiment on trade is generally optimistic, and trade tensions are expected to ease. However, the decline in gold consumption in Asian countries in the first quarter has become a key factor in suppressing the demand for gold, a traditional safe-haven asset. According to market research, data released by the Asian National Gold Association on Monday showed that gold consumption in the first quarter of this year fell 5.96% year-on-year to 290.492 tons. Among them, the demand for gold jewelry fell sharply by 26.85% year-on-year to 134.531 tons, while the consumption of gold bars and gold coins increased by 29.81% year-on-year to 138.018 tons. According to market research, US President Trump once again emphasized that trade negotiations are underway with Asian countries, and the market hopes for a quick easing of trade tensions. However, Trump's frequent changes in foreign remarks, coupled with continued concerns about a global economic recession, have maintained the safe-haven demand for gold. Quaid's analysis: From a technical perspective, the gold price needs to effectively fall below the $3265-3260 range in the short term before a larger correction downward can be confirmed. Once confirmed to fall below, the gold price may quickly fall to the 50% retracement level near $3225, further pointing to the $3200 mark. If $3200 is lost, it will suggest that gold may have peaked in the short term. On the contrary, if the gold price stabilizes and returns to above $3300, it may face initial resistance in the 3330-3335 area. If it breaks through this area, the short-term rebound target will point to the 3365-3370 supply area. Once this key pivot position is broken, the gold price is expected to challenge the $3400 mark again, and even further test the intermediate resistance of 3425-3430, and try to return to the historical high of $3500. Quaid's view: Although the market's concerns about trade have eased, weak gold consumption in Asian countries and the pressure of the dollar rebound are still there, which may cause gold prices to fluctuate and fall back from high levels. In the next few days, the core economic data of the United States will be the key to determining the next trend of gold. Quaid will pay special attention to changes in the Fed's policy expectations. Real-time analysis for you. The current market situation, as Quaid analyzed, can only be done in short-term scalping transactions; but always seize opportunities accurately.
OANDA:XAUUSD
by Quaid-1
Range Tightens on Gold – Breakout or Breakdown Ahead?📌 Trading Plan for April 28, 2025: Gold (XAU/USD) Strategy 🧠📈 📊 Technical Analysis Following the sharp drop in previous sessions, gold is now consolidating around the 3260–3270 support zone. Price is moving within a tight triangle formation on the M15 timeframe, indicating compression ahead of a breakout. The MA 13 – 34 – 200 still suggests a short-term bearish bias, but selling momentum has noticeably slowed down. Expectation: gold may retest the 3299–3313 resistance zone before a stronger directional move. 🎯 Key Price Levels for Today Immediate Resistance: 3299 – 3313 Major Support: 3260 – 3258 – 3239 🧩 Updated Trade Setup 🔵 BUY ZONE: Entry: 3260 – 3258 Stop Loss (SL): 3254 Take Profit (TP): 3264 → 3268 → 3272 → 3276 → 3280 🔴 SELL ZONE: (after price retests resistance) Entry: 3299 – 3301 Stop Loss (SL): 3306 Take Profit (TP): 3295 → 3290 → 3286 → 3282 → 3275 📢 Important Notes Expected daily range: 60–80 pips. No major economic news today, but stay alert for unexpected political headlines (especially from the US, China, India-Pakistan tensions). Strictly follow TP/SL levels to protect your capital — avoid FOMO chasing after sharp intraday moves. ✅ Conclusion Gold remains in a sensitive consolidation phase. The best strategy today is buying at support and selling at resistance, only scaling in after clear confirmations! 💬 How are you planning to trade gold today? Share your views and setups below! 👇👇👇
OANDA:XAUUSDShort
by MMFlowTrading
2
Gold prices fell at the beginning of this week 🌐Drivers Gold prices fell slightly to $3,310 in early Asian trading on Monday, retreating from the record high set last week as signs of easing global trade tensions grew. According to Reuters, U.S. Agriculture Secretary Brooke Rollins revealed on Sunday that the Trump administration is in daily consultations with China on tariffs. Rollins also stressed that agreements with several other countries are "very close" to being finalized. "The news suggesting a possible partial exemption from retaliatory tariffs further boosted market sentiment and caused gold prices to fall below the $3,300 mark," said Tang Yuxuan, a strategist at JPMorgan Private Bank. 📊Commentary Analysis At the beginning of this week, gold prices were mainly sideways, without much news impact, trading around 3,300 points, and gradually falling back. 🔷Technical side: For the current gold, the 1-hour chart is fluctuating widely between 3,300-3,270, and is currently at $3,276. ✔Operational suggestions, keep short-term trading: Bearish strategy: If the gold price rebounds to the range of 3320-3330 US dollars, you can try to short, with a target of 3280 US dollars and a stop loss of 3335 US dollars. Bullish strategy: If the gold price falls to the support of 3260-3270 US dollars, you can go long with a light position, with a target of 3330 US dollars and a stop loss of 3275 US dollars. 💥Risk warning Liquidity risk: The market may be bearish in early May, and price fluctuations may be amplified. Policy black swan: Trump may suddenly make tariff policies or personnel changes at the Federal Reserve, causing violent market fluctuations. Technical false breakthrough: There are a large number of stop-loss orders near 3350 US dollars, and you need to be wary of reversals after inducing more. Summary: This week, the gold market will be affected by geopolitics, Federal Reserve policies and the trend of the US dollar. The fluctuation range is expected to be between 3260 and 3350 US dollars. Investors need to pay close attention to key support and resistance levels and adjust their strategies flexibly.
OANDA:XAUUSDShort
by Labaron
1
Gold's Trend and Trading Strategy for Next WeekLast week, the price of gold sharply declined after hitting the resistance level of $3,500, dropping to around $3,260 at its lowest point. The weekly chart closed with a bearish inverted hammer candlestick pattern, suggesting a sharp short-term downward momentum. However, on Friday evening, the gold price rebounded near the support level of $3,260 and regained the $3,300 mark. Combining the current fundamental and news-driven analysis, gold remains in an overall upward trend: Technical Analysis Although the weekly inverted hammer pattern indicates selling pressure at higher levels, the rapid rebound from the bottom to reclaim the key $3,300 level signals the persistence of bullish momentum. If the short-term decline fails to effectively break below the strong support at $3,250, the gold price has the potential for a rebound. Trading Strategy Next week, it is recommended to adopt a bullish bias and focus on long positions. Consider entering near $3,283, with a stop-loss set below $3,260. The upper resistance levels are sequentially $3,331 (short-term resistance) and $3,370 (target after breakthrough). Risk Warning Be vigilant against shocks to gold prices from sudden geopolitical news or changes in Federal Reserve policy expectations, and strictly control position sizing and stop-loss levels. I hope this strategy will be helpful to you. When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
OANDA:XAUUSD
by H_C_12
4
GOLD Price Analysis: Key Insights for Next Week Trading DecisionAfter testing a fresh record high around the $3,500 zone, gold made a sharp U-turn, erasing much of its gains and dropping toward the $3,260 support zone. This reversal came as the US Dollar found fresh strength, following US President Trump’s major backtracking on tariffs against China and the dismissal of Fed Chair Powell. Markets have since stayed volatile, swinging between "risk-on" and "risk-off" sentiment. As we head into next week, gold price action is at a critical decision point, and it is unclear whether buyers or sellers will take control. In this video, I break down the key technical zones, share my trading plan, and discuss potential opportunities to help navigate the uncertainty ahead. Disclaimer: This is my take based on experience and what I see on the charts. It’s not financial advice—always do your research and consult a licensed advisor before trading. #GoldAnalysis #XAUUSD #ForexTrading #GoldForecast #TechnicalAnalysis #GoldPrice #TradingPlan #GoldVsDollar #WeekendMarketAnalysis
PEPPERSTONE:XAUUSD
by darcsherry
5
XAU/USD 28 April 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remains the same as analysis dated 23 April 2025 Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment. Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis and Bias remains the same as analysis dated 24 April 2025. Price printed as per my note yesterday whereby I mentioned that we should be surprised if price printed a bearish iBOS as all HTF's require a pullback. Price subsequently printed a bearish iBOS which confirms internal structure. Intraday Expectation: Price has traded up to just short of premium of internal 50% EQ where we are seeing a reaction. Price could potentially trade further into premium of 50%, or H4/M15 nested supply zone before targeting weak internal low priced at 3,260.190. Note: With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment. Trump's tariff announcement will most likely cause considerably increased volatility and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
XAUUSD/GOLD: Gold remains offered below 3300Gold gave up Thursday’s gains and fell back toward the 3260 per troy ounce level by the end of the week, as improving market sentiment — driven by hopes for positive progress in the US-China trade dispute — weighed on safe-haven demand. The overheated gold rally appears to be due for further cooling. Traders seem to be buying into rumors that a trade agreement between the US and China could be reached soon, even though China has publicly refuted those claims. The risk is that markets may be misreading the US’s language regarding whether the two sides are merely "talking" or actually "negotiating," which could mean that a deal remains far off — potentially leading to another move back toward 3500. From a technical perspective, the daily Pivot Point at 3335 is the first key upside level that needs to be regained. Early in Friday’s session, there was a brief attempt to test the R1 intraday resistance near 3381. Should momentum continue, gold prices could extend the rally toward the R2 resistance at 3414, breaking above the 3400 mark. On the downside, the S1 support was briefly breached this morning, but price action has since recovered back above it at 3302. Below that, the S2 support at 3256 comes into focus, followed by the key technical floor near 3245, which aligns with the April 11 high.
OANDA:XAUUSDShort
by xauusd_rr
1
Gold Price Analysis April 28The D1 candle cluster forms a disputed area with a 100 price range from 3367 and 3267 The 3300 price range is having a price reaction. If the price breaks 3300 at the beginning of the European session, pay attention to the 3314 area to consider the price reaction of the European session for the SELL strategy around this price range. There is another area to pay attention to for the SELL strategy around 3343, breaking this area will reach 3367, the daily resistance zone. The BUY strategy pays attention to around 3275 when this area is broken, only 2235 can be considered BUY. Absolutely do not block the ship when the price breaks 3275.
OANDA:XAUUSD
by TVS-Trader
4/28 Gold Trading SignalsLast Friday, gold retested the 3260 support zone for the second time. After confirming support, prices began to climb steadily, and our low-entry long positions have already delivered impressive returns. From a technical perspective, the broader structure still resembles a head-and-shoulders pattern, but recently, a double-bottom pattern has formed around the right shoulder, signaling an intense battle between bulls and bears—mainly influenced by geopolitical tensions. Here, I would like to propose a bold yet speculative thought: Could the current turmoil possibly lead to a regime change for Trump, or trigger massive nationwide protests? If such scenarios unfold, it would likely be extremely bullish for gold, potentially pushing prices toward 4000. On the other hand, if Trump softens his trade policies under pressure, it would be bearish for gold, making a decline toward 2800 highly probable. Of course, this is purely my personal speculation, and I don't claim deep expertise in international politics. Focusing back on the technicals: The 3260 support is critical. A breakdown could see prices moving toward the 3245–3213 range, or even lower toward around 3190. Any rebound from there should be carefully watched near the 3260 resistance; failure to break above would suggest a potential further drop toward 3153–3137. If the double-bottom pattern holds firmly, a return to above 3400 this week is highly likely. 🔥 Today's Trading Plan: Sell zone: 3407–3418 Buy zone: 3273–3241 Scalping zones: 3288–3323 / 3386–3344 Manage your positions wisely and stay flexible!
FOREXCOM:XAUUSDLong
by China_MsWang
USDJPY Analysis week 18🌐Fundamental Analysis The US Dollar Index (DXY) has recovered to near 99.75 after a correction on Thursday. President Donald Trump said trade talks are progressing well and a deal with Japan is close. US-China trade relations have been thrown into uncertainty by conflicting statements: Trump said President Xi Jinping called him, while China denied any talks were taking place. Tokyo's April consumer price index (CPI) beat expectations at 3.4%, bolstering expectations that the Bank of Japan (BoJ) will continue to raise interest rates. 🕯Technical Analysis Prices are heading towards the resistance zone of 144,900, with the possibility of an uptrend resuming. This resistance zone is likely to act as a retest for a rally towards 148,000. Pay attention to the BUY zones of 142,300 and 141,000 for retests of this pair. 📈📉Trading Signals SELL USDJPY 148.000-148.200 Stoploss 148.500 BUY USDJPY 141.000-140.800 Stoploss 140.500
by TVS-Trader
Gold is trapped in the 3260-3370 box shock! 🌐 Driving factors US President Trump will be in office for 100 days in his second term. On April 27, local time, a new poll jointly conducted by ABC, The Washington Post and Ipsos Group showed that Trump's approval rating for the first 100 days in office was 39%, which was 6 percentage points lower than in February this year, and set the lowest approval rating for the first 100 days in office of all US presidents in the past 80 years. The results of the Russian-Ukrainian negotiations are not optimistic, and the geopolitical situation is tense. 📊 Commentary analysis The recent gold fluctuations are really violent and very fast. If you hesitate a little, you will basically miss the market. If you are too anxious, you will easily hit the stop loss. Now the fluctuations in a few hours are higher than the amplitude of the past month. The stop loss of 3-5 US dollars can be easily swept. The market is changing, and the corresponding stop loss should also be enlarged. 🔷 Technical side: For the current gold, the 1-hour chart card fluctuates widely between 3260-3370, and is currently at 3290 US dollars. ✔Operational suggestions, keep short-term trading: Bearish strategy: If the gold price rebounds to the range of 3350-3360 US dollars, you can try to short, with a target of 3290 US dollars and a stop loss of 3365 US dollars. Bullish strategy: If the gold price falls to the support of 3260-3270 US dollars, you can go long with a light position, with a target of 3340 US dollars and a stop loss of 3255 US dollars. 💥Risk warning Liquidity risk: The market may be bearish in early May, and price fluctuations may be amplified. Policy black swan: Trump may suddenly make tariff policies or personnel changes at the Federal Reserve, causing violent market fluctuations. Technical false breakthrough: There are a large number of stop-loss orders near 3350 US dollars, and you need to be wary of reversals after inducing more. Summary: This week, the gold market will be affected by geopolitics, Federal Reserve policies and the trend of the US dollar. The fluctuation range is expected to be between 3260 and 3370 US dollars. Investors need to pay close attention to key support and resistance levels and adjust their strategies flexibly.
OANDA:XAUUSDShort
by Labaron
1
Market changes? Gold plummets, hedge fund positions suddenly chaIn the early morning of the Asian market, spot gold fell sharply in the short term, and the current gold price is around $3,295/ounce, which has fallen by $52 from the intraday high of $3,336.98/ounce hit at the beginning of the session. Gold prices fell further from last week's record high as traders closed their positions due to signs that the "explosive rise" in gold prices may be too fierce and too fast. Since breaking through $3,500/ounce last week, gold prices have fallen by more than 5%. At the same time, the latest data from the Commodity Futures Trading Commission (CFTC) showed that hedge fund managers cut their net long positions in gold futures and options to the lowest level in 14 months. Quaid believes that signs of easing trade tensions may have weakened gold's safe-haven appeal. Quaid's analysis: From the perspective of the two larger cycles of daily and weekly lines, gold may fall further. On the one hand, the daily line continues to close negative on the short-term moving average, and the rebound is not strong, forming a pattern of continuous negative and single positive. The previous two times were adjusted to the 30-day moving average. If this time is calculated in this way, the bottom position is about 3165-3170, which is both the golden section and the previous high top and bottom conversion position. On the other hand, the weekly line formed a "K" line at a high level last week, which is generally a top signal, meaning that there is still a possibility of decline. And it deviates too far from the short-term moving average, and there is a need for further technical adjustments. Comprehensive analysis: This week, gold focuses on the upward resistance position of the 3370-3260 range. A strong breakthrough of 3370 will see the continuation of the bulls, and a break below 3260 will open up downward space.
OANDA:XAUUSD
by Quaid-1
1