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Xauusdanalysis

The firing of Powell set off the market, don't chase the longsTrump showed a draft of the letter to fire Powell, but whether Powell will be fired in the end remains to be seen, but the impact on the gold market is undoubtedly huge. The wolves have now smelled a very dangerous scent. Don’t chase high prices. Don’t chase high prices! ! ! After all, the impact of the news comes and goes quickly, and there is a high possibility of a reversal later in the evening. The final suppression position of the current gold daily line is 3340. If the closing line today can maintain above 3340, then gold will usher in a real bullish trend in the future. OANDA:XAUUSD
OANDA:XAUUSDLong
by HuntingWolves
Gold Slips in London – $3,296 Incoming?📉 XAUUSD 1H Bearish Analysis – July 17, 2025 Gold (XAUUSD) is showing clear signs of bearish momentum on the 1-hour chart. After forming a local high around the $3,346–$3,347 region, price was sharply rejected and has since maintained a lower high structure. This rejection came right after the London session began, confirming that institutional volume is likely favoring the downside for now. The previous few sessions show multiple failed attempts to break above the $3,346–$3,365 range. Sellers are consistently stepping in near those zones, marking a strong supply area. Meanwhile, recent candles have broken below the intraday support around $3,327.74, showing bearish continuation is underway. Session activity is also in favor of the bears. The current London session opened weak, following a failure to hold above the previous session highs. Typically, gold experiences volatility during London and New York overlaps, and given the current structure, the pressure seems tilted to the downside. From a broader perspective, the lower highs and lower lows on the 1-hour chart confirm a short-term downtrend. Price is now hovering just above $3,319 support—if this level is taken out cleanly with volume, it opens the path to deeper targets. ________________________________________ 📌 Trading Setup (Short Bias) • Entry: $3,327.74 (breakdown zone) • Stop-loss: $3,346.29 (above last supply rejection) • Take-Profit 1: $3,319.69 • Take-Profit 2: $3,311.62 • Take-Profit 3: $3,296.28 • Take-Profit 4 (extended): $3,282.66 ________________________________________ If price manages to hold below $3,328 with consecutive rejections on any pullback, this bearish thesis remains valid. A breakdown below $3,311 would likely trigger momentum-driven selling toward $3,296 and potentially $3,282. However, any 1H close back above $3,346 would invalidate the current setup and favor a temporary bullish retracement.
OANDA:XAUUSDShort
by SupertradeOfficial
The latest gold trend analysis and strategic suggestionsYesterday, the price of gold showed a range of fluctuations. The long and short sides fought fiercely but failed to break through the existing range. The overall trend direction is still unclear. From a fundamental point of view, the market is still dominated by risk aversion, which makes it difficult for the price of gold to form a clear trend reversal. However, it should be noted that the main funds may take extreme suppression measures in the future to force the price of gold to fall. From the 4-hour chart, gold has been under pressure near the upper track 3377 and continued to fall. Yesterday, it broke through the middle track support and touched the lower track. The current price is temporarily supported near the lower track, but the overall trend still shows a wide range of fluctuations and has not formed an obvious trend. The short-term strength of the US dollar suppresses the upward movement of gold, but the key support and resistance levels have not been effectively broken; in terms of intraday short-term operation suggestions, the current callback near 3320-3325 can try to do ultra-short-term longs. It is recommended to stop profit and exit in the 3340-3345 range. It can be combined with the K-line pattern to short-sell, and the target is the lower track area. If the downward momentum is strong, it may fall below yesterday’s low to form a continuous decline. Operation suggestions: 1. Go long when gold falls back to around 3320-3325, stop loss at 3312, target at 3340-3345.
OANDA:XAUUSDLong
by DwightGrote
XAU/USD 17 July 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. You will note that price has targeted weak internal high on two separate occasions forming a double top which is a bearish reversal pattern. This is in-line with HTF bearish pullback phase. Remainder of 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: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS. The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price. As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish. Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Price Analysis July 17XAUUSD Analysis Today The price has cleared the liquidity to the 3377 zone, then returned to trading within the triangle. The market is currently waiting for new momentum to determine the next trend. ✅ BUY Scenario If the 3322-3323 zone continues to hold and there is a bearish rejection signal and confirmation of buying power, gold is expected to continue its uptrend towards the 3373 - 3400 zone. ❌ SELL Scenario If the price breaks the 3321 support with clear selling pressure, it can extend the decline to 3285. 🔑 Key Level Today Support: 3321 - 3323 Resistance: 3373 - 3400 💡 Strategy: Watch the price reaction at the important support zone to decide the next action.
OANDA:XAUUSD
by TVS-Trader
3
Gold Short Term OutlookYesterday, gold staged a strong rally, pushing up toward 3,377, which was followed by a strong rejection. Price has pulled back sharply and is now testing the Pullback Zone once again. Currently trading around 3,329, price is caught between the 50MA overhead acting as dynamic resistance and the 200MA below offering dynamic support. For the bullish structure to regain momentum, we need to see a clean break and hold back above 3,354. This would reopen the path toward 3,383 and 3,400, with 3,416 as a higher‑timeframe target. If buyers fail to defend the Pullback Support Zone, and price breaks decisively below 3,305, attention shifts to the Support Zone (3,289–3,267). A deeper selloff could then expose the HTF Support Zone (3,241–3,208). 📌 Key Levels to Watch Resistance: ‣ 3,354 ‣ 3,383 ‣ 3,400 ‣ 3,416 Support: ‣ 3,335 ‣ 3,305 ‣ 3,289 ‣ 3,267 ‣ 3,241 🔎 Fundamental Focus – High‑Impact U.S. Data Today A packed U.S. calendar could drive volatility: 📌Core Retail Sales m/m and Retail Sales m/m 📌Unemployment Claims 📌Philly Fed Manufacturing Index These red‑folder releases can create sharp intraday swings. Additionally, multiple FOMC member speeches later in the session could add headline‑driven moves.
OANDA:XAUUSD
by azgoldtrader
Gold Spot / U.S. Dollar (XAU/USD) 4-Hour Chart4-hour chart from OANDA displays the price movement of Gold Spot (XAU/USD) against the U.S. Dollar, showing a current price of $3,329.145 with a decrease of $18.455 (-0.55%). The chart highlights key levels including a sell price of $3,328.920 and a buy price of $3,329.370, with a recent trading range between $3,355.339 and $3,312.393. The data spans from late June to mid-July 2025, with notable price fluctuations and a shaded area indicating a potential trading zone.
OANDA:XAUUSDLong
by Alee_Gold_Trader
XAUUSD Trade Setup: Buying Opportunity at 3,322 Support ZoneGold (XAUUSD) is currently testing a critical support zone between 3,322 and 3,323 USD. This area represents a confluence of the previous swing low and the 0.618 Fibonacci retracement level, which is historically known to trigger technical bullish reactions. If a confirming signal appears on the H1 chart, this may offer a favorable short-term buy opportunity. Trade setup details: Entry (Buy limit): 3,323 – 3,322 USD Stop loss: below 3,318 USD Take profit: 3,331 – 3,340 USD Risk-to-reward ratio: approximately 2:1 Technical rationale for the trade: The 3,322 level has acted as a strong support in recent price structure Aligns with the 0.618 Fibonacci retracement, often seen as the last line of defense in bullish setups RSI on the lower time frame is nearing oversold, signaling potential bullish momentum Risk management notes: If price closes below 3,318 USD, the long idea becomes invalid Best entries should be supported by price action signals such as pin bar, bullish engulfing, or other reversal candles near support Conclusion: A buy position in the 3,322 – 3,323 USD zone presents a reasonable strategy as long as the support holds. If bullish reaction occurs, price may revisit the 3,340 resistance area in the short term. Save this strategy if you find it useful, and stay tuned for more real-time trade ideas and insights.
FX:XAUUSD
by Henrybillion
1
XAUUSD what's going on? sittuation for 17/07/2025🔹 Current Price Action (M30 & H1): Price is stuck in a tight range between 3335–3345. Volume is dropping — showing no strong pressure from either buyers or sellers. %R indicator is in the oversold zone (below -80), but there’s no sharp bounce yet. On H1, there's a weak attempt to recover — small candles with upper wicks = uncertain growth or selling pressure at highs. 🔍 Possible Scenarios for Today: ✅ Scenario #1: Fake Breakout Down, Then Reversal Up If price holds above 3329–3331 and we see a strong bullish candle with volume, it might be worth trying a long. 🎯 Targets: 3348, then 3355 🛑 Stop-loss: below 3328 ⛔ Scenario #2: Break Below 3328, Move Lower If M30 or H1 closes confidently below 3328, that could signal a drop towards 3315–3305. Look to short on the retest of the broken level. 🎯 Targets: 3316, then 3306 📌 Priority Right Now: We're in balance — no clear bias. But if we break and hold below 3328, shorts become more attractive. If price breaks and holds above 3345, that opens up upside potential.
OANDA:XAUUSD
by AlgoTrader_Sergey
Gold (XAU/USD) Technical Outlook: July 17, 2025🔷 Market Context and Current Price As of July 17, 2025, gold (XAU/USD) is trading near $3,341, slightly above the week’s midpoint. The metal remains range-bound but shows signs of bullish resilience as it tests key structural support zones. Today’s analysis integrates advanced technical methodologies — including Price Action, Fibonacci tools, ICT and Smart Money Concepts — to present a clear directional bias and actionable trade ideas. 📊 4‑Hour Chart Analysis 1️⃣ Price Structure & Trend Gold has maintained a sideways-to-upward bias, consolidating between $3,320 (support base) and $3,377 (range resistance). Higher lows since early July reinforce the short-term bullish narrative, though price remains capped by supply in the upper 3,370s. No decisive Break of Structure (BOS) has yet occurred, keeping price within this range. However, minor bullish BOS signals have appeared near $3,332–$3,334, with a confirmed Change of Character (CHOCH) around $3,320–$3,324, as buyers repeatedly defended this level. 2️⃣ Smart Money Concepts & ICT Insights Demand Zone / Order Block (OB): $3,332–$3,334. This zone aligns with a recent fair value gap and bullish order block. Supply Zone / OB: $3,355–$3,359, corresponding to prior inefficiencies and institutional selling. Liquidity Levels: Sell-side liquidity was swept near $3,320 earlier this week, suggesting smart money accumulation below prior lows. Fair Value Gap (Imbalance): Present at $3,332–$3,333, partially filled and offering a strong risk-reward for long setups. 3️⃣ Fibonacci Levels Using the recent swing low ($3,320) and swing high ($3,377), Fibonacci retracements show: 38.2%: ~$3,342 — currently being tested. 50%: ~$3,348 — an interim bullish target. Fibonacci extensions project potential upside toward $3,401 if momentum strengthens beyond the range top. 4️⃣ Key Levels Summary (4H) Zone Level Demand / Buy Zone $3,332–$3,334 Structural Support $3,320 Interim Pivot $3,340–$3,342 Supply / Sell Zone $3,355–$3,359 Range Ceiling $3,375–$3,377 🔷 Directional Bias and Strategy The 4-hour structure remains neutral-to-bullish, favoring upside so long as the $3,332–$3,334 demand zone holds. A confirmed BOS above $3,342–$3,344 could accelerate bullish momentum toward $3,355–$3,360 and even $3,375. Conversely, a breakdown below $3,332 risks revisiting $3,320 and potentially $3,300. ⏳ 1‑Hour Chart – Intraday Trade Setups The 1-hour timeframe reveals tactical opportunities aligned with the broader bias: Setup Direction Entry Stop Loss Take Profit Setup A – Smart Money Long Long $3,334 $3,329 $3,348 / $3,355 Setup B – Breakout Long Long $3,344 (after breakout) $3,340 $3,355 / $3,375 Setup C – Range Short Short $3,355–$3,359 $3,362 $3,340 / $3,332 🏆 The Golden Setup Setup A – Smart Money Long offers the highest statistical edge: Entry: $3,334 (at demand OB / FVG) Stop Loss: $3,329 (below structure) Take Profits: TP1: $3,348 (pivot) TP2: $3,355 (supply zone) R:R Ratio: ~2.8:1 This setup benefits from multi-timeframe confluences: demand zone, fair value gap, bullish CHOCH, and proximity to BOS, making it a high‑conviction trade. 🔷 External Consensus Check An alignment scan of professional analyst views shows strong consensus: Buy interest remains concentrated around $3,332–$3,335. Profit-taking and caution advised as price approaches $3,355–$3,377. No notable divergence in professional outlook — most remain cautiously bullish above $3,332. 📜 Summary Report ✅ Bias: Neutral-to-bullish above $3,332; downside risk below. ✅ Key Levels: $3,332–$3,334 (buy zone), $3,355–$3,359 (sell zone), $3,375–$3,377 (range ceiling). ✅ Top Trade: Long from $3,334 with stops under $3,329 and targets at $3,348/$3,355. ✅ Alternate Trades: Breakout long above $3,344 or short from supply near $3,355. ✅ Confidence Zones: Buyers dominate above $3,332; sellers reappear above $3,355. Conclusion Gold remains in a well‑defined range, with smart money likely accumulating near the lower boundary at $3,332. With structural supports intact and demand zones respected, the path of least resistance favors cautious upside toward $3,355 and possibly $3,375. Intraday traders are advised to focus on precise execution within the outlined confidence zones, maintaining discipline around stops and targets. The current market structure rewards patience and alignment with institutional footprints — positioning ahead of breakout confirmation, while respecting range extremes.
OANDA:XAUUSD
by Tami512
Gold (XAUUSD) – 17 July Analysis | Demand Zone in Play🟢 Gold (XAUUSD) – 17 July Analysis | Demand Zone in Play Gold continues to follow the bullish structure we’ve been tracking in our recent posts. Yesterday's news-driven price action pushed the market to a new swing high near 3377.600 , confirming strength in higher timeframes. Now, price is currently in a retracement/pullback phase , pulling back toward a key intraday demand zone at 3326–3320 — offering potential opportunity for the next leg upward. 🔍 Where Are We Now? The market is currently pulling back toward a key M15 demand zone: 3326–3320 . This level also aligns with a higher timeframe order block on the H4, making it a critical confluence area for structure-based traders. This 3326–3320 zone is crucial because: → It’s a fresh M15 demand zone inside a higher timeframe bullish structure → It aligns with the H4 OB that previously acted as a launchpad → The overall trend remains bullish unless this zone is decisively broken If the zone holds and we get LTF confirmation (such as M1 internal structure shift + micro-BoS), it may present a high-probability long setup. ⚙️ Structure Summary: ✅ H4: Bullish continuation structure with recent higher high ✅ M15: Pullback within bullish order flow ✅ M1 (for entry): Awaiting ChoCH + BoS as entry trigger inside POI 📌 Trade Setup Plan (upon confirmation): → Entry: From 3326–3320 demand zone → Stop Loss: 40 pips below entry → Take Profit: 120 pips (targeting new HH based on H4 projection) → Risk-to-Reward Ratio: 1:3 🧠 Key Trading Insight: We never predict — we prepare . We don’t chase price — we position with confirmation . Discipline means waiting for price to invite us in , not entering just because a level looks attractive. 📈 Summary & Expectations: ➡️ Price is retracing into a structurally significant demand zone ➡️ Market bias remains bullish unless this zone fails ➡️ If the zone holds with valid M1 confirmation, we’ll consider a long setup targeting a new high ➡️ No confirmation = no trade. Patience > prediction. 📘 Shared by @ChartIsMirror This analysis is part of our ongoing structure-based approach to trading Gold. All entries are derived from pure price action, multi-timeframe structure alignment, and trader discipline — as taught in our book: “The Chart Is the Mirror: Mastering Gold with Structure, Stillness, and Price Action”
OANDA:XAUUSDLong
by ChartIsMirror
TACO trading reappears. Gold is down.The news that Trump intends to fire Powell caused a decline in US stocks and bonds, and gold prices soared in response. But then Trump denied the news, and the market subsequently fell back to stabilize. On Wednesday, the Asian market began to fluctuate and rise in the early trading. It rose to a high of 3343 in the European market and then fell to 3319 in the US market. Then it rose sharply due to the news. It rose to a high of 3377 and then fell to 3336. It fluctuated around 3350 in the late trading. The daily line closed with a positive line with an upper shadow line. The recent market trend fluctuated violently. Since last Wednesday, there have been three consecutive positive rises. This week, there have been two consecutive negative declines on Monday and Tuesday. On Wednesday, it closed positive after washing up and down. At present, the MA5 and 10-day moving averages have formed a golden cross, but the direction is unclear. The Asian market opened above the moving average on Thursday. The overall pattern needs to pay attention to the breakthrough of the key points of long and short positions. Today, the focus below is on the support near the low point of 3320, followed by the support near 3315 and 3310. This position is the trend line support formed by the previous low point connection. If it breaks down, we need to pay attention to the position of 3280. The upper resistance level is mainly concerned with the resistance near 3355, which is the rebound high point after the US market hit 3377. Today, the operation needs to adjust the strategy according to the breakthrough of key points. In the volatile market, we need to be vigilant about the sudden fluctuations caused by the news. After breaking the key support or resistance, the trend direction may be further clarified.
FX:XAUUSD
by quaid_2
Oolong news stirs up goldDuring the US trading session, the market suddenly had an "oolong" incident. The news that Trump fired Powell caused gold to surge to 3367, but Trump soon denied the plan, the risk aversion sentiment dissipated, and gold fell sharply. At present, gold has returned to volatility. Given that the risk aversion sentiment failed this time, we need to be vigilant about the subsequent surge and fall. Given the volatile news, it is better to hold the currency and wait and see, and then look for a good opportunity to operate after the news becomes clear. At present, the upper resistance is 3365-3370, and the lower support is 3326-3317. It is recommended to do more in the future market.
FXOPEN:XAUUSDShort
by KerrBabbitt
1
Fake news stirs up the market, market trend analysis📰 News information： 1. Beige Book of Federal Reserve's economic situation 2. European and American tariff trade negotiations 📈 Technical Analysis： Today, our overall trading can be said to have accurately grasped the trading points, and both long and short positions have earned us good profits.The gold market surged due to Trump's intention to fire Powell. Trump then denied the plan, which dissipated the risk aversion in the gold market and the overall rhythm fell back to a volatile pattern. The current market price of gold closed with a long upper shadow line, indicating that there is a certain need for adjustment in the market. Although the news stimulus has pushed it up to 3377, we need to be vigilant against the risk of a decline after a high rise. Pay attention to today's closing. If it closes below 3345, the bearish trend may continue in the future. OANDA:XAUUSD PEPPERSTONE:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD FXOPEN:XAUUSD
OANDA:XAUUSDShort
by Allenbrowser-3
7/17: Key Support for Gold Bulls at 3343–3337During the Asian session today, gold rose as expected into the 3337–3343 resistance zone. After failing to break through, the price retraced during the European and U.S. sessions, reaching the 3323–3313 support area. A sharp rally followed due to unexpected news, pushing the price into the 3372–3378 resistance zone. Overall, the intraday bullish strategy performed well, yielding solid profits. After this sharp volatility, price movement has stabilized somewhat. The MA60 support on the daily chart remains intact. For tomorrow’s trading, key levels to watch are: 🔽 Support: 3343–3337, with secondary support at 3328–3323 🔼 Resistance: 3372–3378 On the 2-hour chart, bullish momentum appears likely to continue as long as price holds above the support zone. Additionally, upcoming economic data releases and any further developments on the report regarding Trump potentially firing Powell could have a significant impact on market sentiment—these factors should be closely monitored. In summary, tomorrow’s initial trading focus can remain within the 3337–3358 range, with strategies adjusted as market conditions evolve.
FOREXCOM:XAUUSDLong
by China_MsWang
Gold Rises Again Above $3,300Today's session marked a new upward move for gold, with gains of more than 1%, pushing prices above the key $3,300 per ounce level. For now, the bullish bias has remained firm shortly after reports suggested that the U.S. government may be preparing to move away from the current Federal Reserve Chair, Jerome Powell, mainly due to the Fed’s failure to deliver on the administration's broader expectation of cutting interest rates in the short term. This development has increased political risk in the United States and has led gold to act once again as a safe-haven asset in the short term. Sideways Range Remains Active Despite the recent rebound in gold prices, a consolidated sideways range continues to dominate, with resistance marked around the $3,400 level and support near $3,200 per ounce. Although recent fluctuations have not yet been enough to break out of the channel, they have shown a steady increase in buying pressure that, if sustained, could lead gold to retest its recent highs. Indicators Still Show Neutral Bias At the moment, the RSI indicator remains close to the neutral line of 50, and the TRIX indicator is also moving sideways near the zero level. Both signals suggest that recent price momentum and the average strength in moving averages are starting to stabilize, pointing to a lack of clear direction. Unless the indicators begin to show signs of a momentum shift, the sideways channel is likely to remain in place and could serve as a key catalyst for maintaining the market’s neutral sentiment in the near term. Key Levels to Watch: $3,400 – This remains the level of historic highs in gold. A breakout above this area could reactivate a strong bullish bias, potentially paving the way for a more sustained uptrend in the short term. $3,300 – This is the current barrier, aligned with the 50-period simple moving average, and may serve as an important pivot point. If price action stays above this level, buying pressure could begin to gain more traction in the gold market in the short term. $3,200 – This remains a key support level, acting as the most critical reference point for selling activity in recent weeks. A move back toward this level could trigger the start of a new bearish trend. Written by Julian Pineda, CFA – Market Analyst
FOREXCOM:XAUUSD
by FOREXcom
Falling correction, shorting in European session📰 News information： 1. Beige Book of Federal Reserve's economic situation 2. European and American tariff trade negotiations 📈 Technical Analysis： Currently, gold continues to consolidate around 3340, and the daily MACD indicator is stuck to the zero axis. Two consecutive days of negative bars also indicate that the overall trend of gold is weak and volatile. The hourly Bollinger Bands are closing, with the upper band located near 3352. The corresponding positions of the upper pressure middle band and SMA60 are basically at 3335-3350, but it is expected to gradually decline over time. On the whole, there are no particularly clear trading signals at present. Both bulls and bears have certain opportunities. It is recommended to wait and see for the time being. Pay attention to the 3342-3352 area above. If the bearish trend is confirmed in the future, you can consider shorting when it rebounds here, with the target at 3330-3325. If gold retreats directly to 3325-3320 and gains effective support again, you can consider going long. 🎯 Trading Points： SELL 3342-3352 TP 3330-3325 BUY 3325-3320 TP 3340-3350 In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you. FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by Allenbrowser-3
3325–3315: Potential Bullish Reversal ZoneGold maintained a volatile trend today, but the highest intraday price only touched 3343. Overall, gold is still weak, but the bulls have not completely given up, and there is still a certain amount of energy, which limits the retracement space of gold. The current short-term support is in the 3325-3315 area. If gold cannot fall below this area in such a weak situation, the market may reach a consensus that 3325-3315 is the support area, thereby attracting a large amount of buying funds to flow into the gold market, thereby boosting gold to regain the bullish trend again and is expected to hit the 3350-3360 area. So for short-term trading, I currently prefer to start long gold with the 3325-3315 area as support, first expecting gold to recover some of its lost ground and return to the 3350-3360 area!
OANDA:XAUUSDLong
by Trading_Steffen