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Xauusdanalysis

XAU/USD Symmetrical Triangle Pattern Breakdown – Trading Setup📌 Chart Overview The chart represents the Gold Spot (XAU/USD) on a 1-hour timeframe, where the price is currently consolidating within a symmetrical triangle pattern. This pattern consists of a series of lower highs and higher lows, indicating market indecision. However, as price approaches the apex of the triangle, a breakout is imminent, making this a high-probability trading opportunity. The analysis suggests a potential bearish breakdown, with price action likely to drop toward key support levels if the lower boundary of the triangle is breached. 📊 Breakdown of Key Chart Elements 1. Symmetrical Triangle Formation The symmetrical triangle is a well-known technical pattern that signals a period of consolidation before a significant move. It forms when: Buyers and sellers struggle for control, resulting in a narrowing price range. A breakout occurs when one side gains dominance, leading to an expansion in volatility. In this chart, the price is trapped within the triangle, gradually forming a squeeze, and a breakout is highly likely. 2. Resistance & Support Levels Understanding key support and resistance zones is crucial in determining the next price direction. 🟧 Resistance Zone (~3,030 – 3,058 USD) Marked in yellow, this area has acted as a strong resistance. Multiple rejection points suggest that bulls are struggling to push prices higher. If price breaks above this zone, it could trigger a bullish rally. 🟦 Support Level (~2,990 USD) This is a critical support zone that has been tested multiple times. The lower boundary of the triangle aligns with this level. A clean breakdown will likely trigger stop losses and aggressive selling pressure. 📉 Expected Breakdown & Price Projection The price is currently trading near the lower boundary of the symmetrical triangle. Based on technical probabilities, the higher likelihood is a breakdown, which is why the trade setup leans towards a short-selling opportunity. 3. Retesting Area (~3,015 – 3,020 USD) If price breaks below the triangle, it may retest the broken support before continuing downward. The retesting area is a critical zone where sellers may re-enter to drive prices lower. A failed retest (bounce back inside the triangle) would invalidate the bearish setup. 📈 Trading Strategy & Execution Plan This setup presents a well-structured short-selling opportunity based on the expected breakdown scenario. 🔽 Short Entry Strategy Entry Confirmation: Short position can be taken once price breaks and closes below 2,990 USD (triangle support). Retest Entry: If price retests the breakdown zone (around 3,015 – 3,020 USD) and rejects, it confirms the bearish bias. Aggressive Entry: Traders who take early positions can enter a short once price approaches the lower triangle boundary with a tight stop-loss. 🎯 Target Levels Upon confirmation of a breakdown, price action is likely to follow a measured move toward the following downside targets: Target 1: 2,942 USD (first major support level) Target 2: 2,920 USD (next key demand zone) These levels are determined by previous price reactions and historical support zones. 🛑 Stop-Loss Placement To manage risk, a stop-loss should be placed above the recent swing high to protect against a fake breakout. Safe Stop Loss: Above 3,058 USD (strong resistance zone). Aggressive Stop Loss: Just above the breakout retest zone (~3,030 USD). 📌 Market Psychology & Risk Management Traders should consider the psychological aspects behind this setup: Bullish traders may attempt to defend the support zone, but a failure will lead to panic selling. Smart money (institutional traders) often use fake breakouts to trap early sellers before driving the price lower. Wait for confirmation before entering trades to avoid being caught in false moves. Risk-Reward Ratio (RRR) Entry: ~2,990 USD Target 1: 2,942 USD Target 2: 2,920 USD Stop Loss: 3,058 USD This setup offers an excellent risk-to-reward ratio (RRR), making it a high-probability trade. 🔎 Conclusion & Final Thoughts The symmetrical triangle is at its final stage, and a breakout is imminent. A break below 2,990 USD will likely confirm a bearish move. Retesting the breakdown zone (3,015 – 3,020 USD) is crucial for short entries. Downside targets are 2,942 USD and 2,920 USD based on historical support zones. Proper risk management is essential—always use stop-losses to mitigate potential losses. This setup presents a strong opportunity for short traders, but patience is key. Traders should wait for confirmation before committing to a position.
OANDA:XAUUSDShort
by GoldMasterTrades
The decline of the golden stage is in line with expectations!Gold 4-hour chart relies on the middle track of the Bollinger Bands to rebound. The middle track is the short-term strength and weakness distinction point. In the adjustment trend, the weakness is below the middle track. It is also a distinction point, combined with the hourly chart above. In the step-down shock, although the rebound yesterday was slightly higher than the 3033 line, it was still running below the second highest point of 3038 as a whole, a complete step adjustment trend. The second highest point is not lost, the trend is not changed, and today's operation relies on the 3033 high point as a defense to continue to follow the trend and fall back. The low point of 2020-2026 is still a resistance point. After the short position of 2028 was reduced yesterday, the bottom position continued to break the 3000 small band. Short positions rebounded slightly today near 2020-2023 and continued to short. Defense at 3033 is enough. The target is to reduce the position and then leave the bottom position to look down at 2990-2980. The space depends on the shape. As long as it closes at a low level, the adjustment space will be further deepened the next day. Today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 3020-3025 line of resistance, and the short-term focus on the lower side is the 2999-2980 line of support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3020-3023, stop loss at 3055, target around 3010-3000, and look at the 2890 line if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 2990-2993, stop loss at 8 points, target around 3000-3005, and look at the 3010 line if it breaks;
PYTH:XAUUSDShort
by UptonCharlotte
1
XAU/USD (Gold) Trade Setup – Descending Channel Strategy📉 XAU/USD (Gold) Trade Setup – Descending Channel Strategy #### **🔹 Summary:** Gold is trading within a **descending channel**, indicating a bearish trend. The strategy is to **sell near resistance** and **target support levels** unless a breakout occurs. --- ### **📌 Bearish Trade Setup (Sell Strategy)** **🔻 Sell Entries:** 1️⃣ **3,020 - 3,030** (Upper boundary of the channel) 2️⃣ **3,015 - 3,018** (Rejection from the 21 EMA) **🎯 Take Profit (TP) Targets:** ✅ **TP1:** 3,000 (Key support level) ✅ **TP2:** 2,980 (Next major support) ✅ **TP3:** 2,960 (Extended target if momentum continues) **🚨 Stop Loss (SL):** **Above 3,035-3,040** (Breakout invalidates the setup) **📊 Confirmation Signals:** ✔ EMA rejection (21 EMA acting as resistance) ✔ Volume increase near resistance ✔ Bearish candlestick patterns (Engulfing, Shooting Star) --- ### **📈 Alternative Bullish Setup (If Breakout Occurs)** If price **breaks above 3,040**, it may signal a reversal. **🔹 Buy Entry:** **Above 3,040 (Confirmed breakout & retest)** 🎯 **Targets:** 3,095 , 3080 🚨 **SL:** Below 3,030 --- ### **✅ Conclusion:** 🔻 **Primary Plan:** Sell on rallies within the channel. 🔺 **Alternative Plan:** Buy only if price breaks 3,040 with strong volume. 📉 **Stick to risk management & confirmations!**
OANDA:XAUUSDShort
by TradingStar090
Descending Channel in XAU/USD (Gold)Trade Setup for Descending Channel in XAU/USD (Gold) **📉 Bearish Trade Setup (Sell Strategy)** Since the price is trending within a descending channel, the best trade approach is to **sell at resistance** and **target support levels**. **📌 Entry Points:** 🔹 **Sell Entry #1:** Near the upper boundary of the descending channel (~3,020 - 3,030). 🔹 **Sell Entry #2:** If price retests and fails to break above the 21 EMA (~3,015 - 3,018). **🎯 Target Levels (Take Profit - TP):** ✅ **TP1:** 3,000 (Psychological level and lower channel support) ✅ **TP2:** 2,980 (Next major support zone) ✅ **TP3:** 2,960 (Extended target if the trend continues) **🔒 Stop Loss (SL):** 🚨 **SL Above 3,035-3,040:** If price breaks out above the descending channel, it invalidates the setup. **📊 Trade Confirmation:** ✅ **EMA Rejection:** Watch for price rejecting the **21 EMA (Blue Line)** as resistance. ✅ **Volume Analysis:** Look for increased selling volume when price approaches resistance. ✅ **Bearish Candlestick Patterns:** Such as **bearish engulfing, shooting star, or evening star** near resistance. **📈 Alternative Bullish Setup (If Trend Breaks Upward)** If price **breaks above 3,040 with strong volume**, it could signal a trend reversal. In this case: 🔹 **Buy Entry:** After a confirmed breakout & retest above 3,040. 🎯 **Targets:** 3,060 - 3,080. 🚨 **SL:** Below 3,030. **Conclusion:** 🔻 **Primary Strategy: Sell on Rallies within the Channel.** 🔺 **Alternative Plan: Wait for a Bullish Breakout Before Buying.** 📉 **Stay disciplined with Stop Loss & Risk Management!*
FX:XAUUSDShort
by elitetrader9090
Short gold at the right time after rebound📍Gold experienced a sharp decline to around 3002 in the short term — did it catch you off guard? Despite the rapid drop, I remained committed to my trading logic and strategy. As long as gold holds above the 3005-2995 support zone, a rebound toward the 3015 level remains likely. After stabilizing, gold has already rebounded above 3014, nearly reaching our target zone of 3015. In response, we opted to manually close our positions to lock in profits. 📍Looking ahead, our primary focus will be on the 3015-3025 resistance zone. In the short term, gold has shown signs of forming a descending channel structure. If it fails to decisively break above the 3015-3025 zone and invalidate the downtrend channel, there remains a possibility of a retest of the 3000 level, with further downside potential toward the 2995-2985 range. 🔎Trade Idea: Xauusd: Sell at 3015-3025 TP:3010-3000 SL:Adjust according to risk tolerance. 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
Gold prices technically consolidateGold has three consecutive negative lines on the daily line, and opened at 3011 in the morning. The overall situation is weak, and the high pressure is obvious. Today is particularly critical. The support below is 2990-2985. If it falls below, it may drop to 2960 this week. The short-term resistance above is 3022-3026. In terms of operation, it is recommended to rebound and go short, and to go long on the pullback. Operation strategy 1: It is recommended to go long near 3006, with a stop loss of 2994, and the target is 3018-3025. Operation strategy 2: It is recommended to go short near 3027, with a stop loss of 3037, and the target is 3000-2980.
OANDA:XAUUSDShort
by RobertaAlsop
3/25 Gold Signal: 3009-3023 short, 2996-2982 longThe gold price rose above 3012. The long orders entered near 3004-2996 before the closing are currently profitable. From the trend pattern, there is still room for rebound, but it will take some time. During this process, the price may fluctuate. For friends who have already made profits, it is not worthwhile to bear the risk of profit taking, so this order can be closed first. Of course, if you don’t mind this risk, you can continue to hold it. I expect the rebound resistance to be around 3018. In terms of the current big trend, the better long opportunities may be more inclined to the 2996-2982 area, because this is the starting point of the previous rise, and it can be regarded as a strong support platform. Usually in this case, the probability and amplitude of the rebound will be higher. Of course, if there is a reverse impact from news, asymmetric fluctuations are also possible. Today’s main focus is the integer support of 3000. If it falls below, consider the support of the large range of 2996-2982, and the second is the resistance of the range of 3015-3023 during the current rebound. The overall trading plan is that if the price falls below 3000, long positions will be opened in batches in the 2998-2986 range. If the rebound cannot break through 3023, short positions will be traded in batches in the 3009-3021 range. I will update the specific transaction details in real time, so you can check them in time. If you have any questions, please leave a message at any time.
OANDA:XAUUSDShort
by Trading_King_Arthur
2
Is it profitable to be long gold now?📍Although gold is in an overall downtrend, its decline has not been smooth during multiple tests of the 3000 level. Therefore, the support zone between 3005 and 2995 remains valid. Considering the downward momentum observed during the tests of 3000, gold is unlikely to experience a sharp drop. Instead, it may follow a pattern of gradual, oscillating declines. If gold receives strong support in the 3005-2995 range, a rebound toward the 3015 level is still possible, with the potential to extend further to the 3025 level. 🔎Trade Idea: Xauusd: Buy at 3010-3000 TP:3015-3025 SL:Adjust according to risk tolerance. 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDLong
by Trader_Marvin
Weekly preview and trading idea for Monday 24.03.2025🔹 W1 – Weekly Bias Bias: Bullish SMC: Valid Break of Structure (BOS) to the upside, with consecutive higher highs. Order Block: Last bullish OB (gray zone) still valid and respected. Premium/Discount: Price is currently in the premium zone, indicating a higher probability of retracement. FVG / Imbalance: Unfilled FVG zones remain between 2900 - 2800. EMA 5/21/50/200: Price trades above all EMAs, confirming strong bullish momentum. Key POI: 3060 – 3085 (potential reversal or reaction zone). EQH: Potential Equal Highs forming, suggesting a liquidity grab is likely. ✅ Note: Weekly structure is intact, but we may expect a correction down into discount levels. 🔹 D1 – Daily Bias Bias: Bullish (with active retracement) SMC: BOS confirmed + liquidity grab above recent highs. Price Action: Strong rejection from premium zone with a significant bearish candle. Order Block: Valid OB between 2970 – 2990, aligning with Daily FVG. EMA: EMA 5 and 21 are tightening up, signaling a potential short-term bearish cross. Imbalance: Clear gap between 2985 – 2940 remains unfilled. Daily POI: 2995 – 2970 → key zone to monitor for bullish reaction. RSI: Not yet oversold, suggesting more room for downside movement. 🎯 Retracement Target (Daily): 2990 – 2950 for potential long setups. 🔹 H4 – Intraday Swing Setup Bias: Bearish retracement SMC: Confirmed BOS on H4 Order Block: Strong OB between 3025 – 3035 (origin of previous impulse drop) FVG: Valid Fair Value Gap between 2988 – 2940 Imbalance: Still unfilled under 2970 EMA: Bearish EMA 5/21 crossover, EMA50 flattening POI: 3030 (short setup zone), 2970 (potential buy reaction zone) 🔁 Scenario: If price retests 3025–3030 and shows bearish PA → valid short. If price drops into 2970–2950 and sweeps liquidity → potential long setup. 🔹 H1 – Entry Refinement Bias: Temporary bullish correction SMC: CHoCH printed, but no BOS yet PA: Last reaction suggests mitigation OB: OB zone at 3033–3037 still valid for shorting opportunities EMA: EMA 5 and 21 remain bearish; 50 and 200 beginning to flatten RSI: Nearing overbought – watch for signs of bearish reversal POI (H1): 3033–3037 (short setup), 2985–2970 (buy zone) 🔹 M15 – Sniper Entry Bias: Bullish correction in progress SMC: CHoCH formed, waiting for confirmation of BOS OB (M15): 3028 – 3033 → clean Order Block for possible bearish reaction Imbalance: Unfilled gap at 3029 – 3032 EMA: EMA 5 > EMA 21 → minor bullish trend RSI: Close to overbought – ideal for a reversal sniper short EQH: Equal High at 3032 → ideal liquidity inducement 🎯 Sniper Trade Plan (Short): Sell Entry Zone: 3029 – 3033 TP1: 3010 TP2: 2995 SL: Above 3035 (above OB high) 🔄 Alternative Scenario If price breaks and closes above 3035 with bullish volume → short invalidated Long setups only valid if price drops into discount zones (below 2985) with a bullish PA reaction + CHoCH confirmation ✅ Summary Overall Bias: Bullish on higher timeframes, but currently in retracement → only looking for short-term sells Sniper Short Zone: 3029 – 3033 Buy Zone to Re-enter: 2970 – 2940 (only on proper confirmations) ✨ If you enjoy my analysis, I’d really appreciate it if you followed my TradingView profile and left a boost\like on the post. Thank you!
OANDA:XAUUSD
by GoldFxMinds
XAUUSD Today's strategyHey, guys, Following the gold price test of 3000 on Friday, today's action indicates the form of a correction. In the short term, gold is expected to continue to fall. Specifically, we must refer to the strong support of 3000 points. While we remain optimistic about the long-term uptrend in gold prices, this short-term pullback also provides a favorable opportunity for us to achieve earnings. Today's xauusd trading strategy sell@3035-3040 tp:3010-3000 We share various trading signals every day with over 90% accuracy. Fans who follow us can get high rewards every day If you want stable income, you can contact me.
OANDA:XAUUSD
by HenryClarke
Short gold? No, I choose to buy gold📍Gold Plunges to Around 3006 — Is This Really a Good Opportunity to Chase Shorts? To be frank, despite the sharp short-term decline in gold, bullish resilience remains evident. As long as the price holds above the 3000-2995 support zone, the defensive line remains strong and unbroken. Therefore, I don’t consider chasing shorts a prudent decision at this stage. On the contrary, the presence of strong buying interest and solid support below significantly increases my preference for long positions in gold. 🔎Trade Idea: Xauusd: Buy at 3015-3005 TP:3025-3035 SL:Adjust according to risk tolerance. 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDLong
by Trader_Marvin
Perfect hit, interval thinking remains unchangedThe idea remains unchanged according to the previous article! In the wave of financial markets, accurate prediction is the badge of strength. Previously, we firmly arranged short selling, and it turned out that this decision was extremely correct! The trend of gold perfectly matched our expectations, falling all the way back to the area around 3010-3000. Next, new opportunities have emerged. We will adopt the high-altitude and low-multiple operation mode within the range. At present, we have decisively gone long in the area around 3010-3000. Every ups and downs of the market are opportunities for us to make profits. Let us be full of confidence and look forward to the subsequent wonderful performance of gold together, and work together to reap more fruits of victory! If you don’t know when to enter the market, you can follow my 🌐signal. I will release specific signals in real time. Remember to pay attention to the 🌐signal in time.
OANDA:XAUUSDShort
by TP_Daniel1
XAUUSD Today's analysisCurrently, the XAUUSD is at 3025 points. From a technical analysis perspective, the resistance level above is at 3060 points. This level has repeatedly hindered the upward movement of the price. A large number of sell orders are likely to gather here, restricting the price from rising further. The support level below is at 3000 points. This point has effectively supported the price on many occasions in the past. Once it is broken, it may trigger panic selling in the market and open up a new downward space. Considering the frequent market fluctuations and increased uncertainties recently, based on a comprehensive consideration of various factors, I tend to be bearish on XAUUSD. I will closely monitor market dynamics in the follow - up. If there are any changes in the signals, I will share them immediately. When trading, everyone must strictly control risks. 💎💎💎 XAUUSD 💎💎💎 🎁 Sell@3040 - 3050 🎁 TP 3020 3010 3000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
FOREXCOM:XAUUSDShort
by BenGray9
XAU/USD "The Gold" Metal Market Heist Plan (Scalping / Day)🌟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 long entry and short entry. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!" 🏁Buy entry above 3060 🏁Sell Entry below 3000 📌However, I recommended to place buy stop for bullish side and sell stop for bearish side. Stop Loss 🛑: 🚩Thief SL placed at 3020 for Bullish Trade 🚩Thief SL placed at 3040 for Bearish Trade Using the 30mins period, the recent / swing low or high level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 🏴‍☠️Bullish Robbers TP 3140 (or) Escape Before the Target 🏴‍☠️Bearish Robbers TP 2970 (or) Escape Before the Target XAU/USD "Gold vs U.S Dollar" Metals Market Heist Plan is currently experiencing a neutral trend,., driven by several key factors. 📰🗞️Get & Read the Fundamental analysis, Macro Economics, COT Report, Seasonal factors, Sentimental Outlook, Positioning and future trend.....👉👉👉 ⚠️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 🤑🐱‍👤🤗🤩
SAXO:XAUUSD
by Thief_Trader
Another Strong Start to the Week!Gold opened the week on a positive note without a significant pullback, rebounding quickly after touching a low of 3013. The overall price action remains range-bound with a bullish bias, though gold is still trading within the lower to middle Bollinger Bands. A clearer upside move may emerge once the correction phase concludes. In the short term, resistance remains at the 3030-3040 zone. If this level holds, short positions can be considered. On the downside, key support levels to watch are 3012 and 3005, with the 3005-3000 range offering a potential buying opportunity. Trading Strategy: - Sell near 3030-3040resistance if it remains intact. - Buy around the 3005-3000 support zone. - Adopt a range-trading approach, focusing on shorting near resistance and buying near support. I have always been glad that I can stick to my original intention. I can be dedicated to every friend who proposes cooperation. I will use my professional strength to help you make profits, recover your capital, and increase your funds. My reputation depends entirely on the publicity of customers. My strength has been honed in actual combat for a long time. Even if the road ahead is bumpy, as long as you give us trust, we will do our best to guide you and use your funds to the maximum effective limit, so that you can experience the feeling of profit in the ups and downs of the market! If you don’t know when to enter the market, you can pay attention to my 🌐 signal. I will release specific signals in real time. Remember to pay attention to the 🌐 signal in time.
OANDA:XAUUSDShort
by TP_Daniel1
Bearish Bias Under Head and Shoulders Formation📍Gold is currently leaning towards a bearish trend under the pressure of a well-defined head and shoulders pattern. Therefore, our primary trading approach remains focused on short positions. 📍In the short term, the key resistance to watch is in the 3030-3040 zone. However, it's worth noting that on Friday, gold quickly recovered most of its losses after testing the 3000 level, indicating the presence of strong buying interest and solid support below. 📍From a trading perspective, there is still an opportunity to capture profits from potential technical rebounds. The main support levels to monitor are: 📌3010-3000 as the initial support zone 📌2995 as the secondary support level 🔎Trade Idea: 1. Xauusd: Sell at 3035-3045 TP:3020-3010 SL:Adjust according to risk tolerance. 📎But if gold shows signs of holding support, a short-term rebound could provide opportunities for counter-trend trades. 2. Xauusd: Buy at 3015-3005 TP:3025-3035 SL:Adjust according to risk tolerance. 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
OANDA:XAUUSDShort
by Trader_Marvin
Gold inertia accelerates towards 3000 markAfter gold broke a new high overnight, it further increased to around 2990, and the daily line finally closed with a big bald sun. The previous sideways squat gave the bulls sufficient power, strong kinetic energy and fast speed, and the closing price was high at the end of the day, indicating that the strong trend will continue, and there is still room for further upward movement. In the 4H cycle, after breaking through the previous high pressure of 2956, the inertia of rushing up caused the indicators to deviate slightly. In the white market, we will first look at the correction space for the decline, and then look at further upward movement after the correction. The top and bottom support below is around 2956, and the 1H cycle support is at 2967. In terms of operation, we will continue to treat it as a long-term idea, and then gradually look at the 3000 mark on the top. Do not blindly guess the top and empty. Operation suggestion: Buy gold near 2967-68, stop loss at 2960, look at 2981, 3000!
COMEX:GC1!Long
by JosephChristian
2