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4/1 Gold Analysis & Trading SignalsThe combination of fundamental influences and technical patterns led to a sharp surge in gold prices after the market opened yesterday. The upward momentum only slowed during the New York session, but prices remained above 3100. However, after this rally, the technical setup is not particularly favorable for bulls. That said, if fundamental factors continue to support the market, any technical pullback could provide another buying opportunity for bulls. Key Considerations: 🔸 Besides technical factors, we need to monitor geopolitical tensions—if the situation eases, demand for gold as a safe haven could decrease. 🔸 If tensions escalate further, gold is likely to rise, making it unwise to blindly short the top. Instead, we should adjust our trading strategy based on market developments while using technical patterns for entry and exit points. 🔸 If a pullback occurs, support is seen around 3109. 🔸 If the price continues upward, given current market conditions, a single rally is unlikely to exceed $30, so the first resistance zone is estimated at 3136-3145. Trading Strategy for Today: 📈 Buy in the 3111-3101 range 📉 Sell in the 3135-3145 range Stay flexible, follow the market closely, and adjust strategies accordingly. Let me know if you need further insights!
OANDA:XAUUSDShort
by China_MsWang
GOLD-Sell in the 3128-3138 rangeThe buy orders placed at 3121-3124 yesterday successfully reached the take-profit zone of 3132-3138 today, after which the price also entered the short-selling zone of 3135-3145, leading to another profitable trade. As of now, the 3124 support remains intact, but bullish momentum has significantly weakened. Without further fundamental catalysts, a technical-based approach suggests prioritizing short positions, as the recent surge of over $130 makes a technical correction increasingly imminent. Trading Strategy for Today: 📉 Sell in the 3128-3138 range 📈 Buy in the 3103-3093 range
OANDA:XAUUSDShort
by China_MsWang
Gold intraday trading strategyGold continued to rise strongly on Friday, breaking the high and closing. The U.S. gold price stabilized at the 3067 mark and continued to rise, and finally closed back above 3085, almost the highest point of the day. The daily K-line closed with two consecutive positive days of shock and breaking the high. The overall gold price firmly stood above the 3050 mark, continuing the strong unilateral rhythm of the bulls. However, after the opening of today, the gold price continued to accelerate and pierced the 3097 mark, and then fell back under pressure and adjusted rapidly. In the short term, the gold price is expected to usher in repeated long and short fluctuations at the 3100 integer mark. Don’t chase more near 3100 at present. Although it rebounded near 3097 at the opening and then rebounded after touching the lowest level of 3077, this wave of technical adjustments is far from reaching the target. We continue to maintain the idea of ​​​​retreating and going long. From the 4-hour analysis, the support below is around 3065-73, with a focus on the 3056 first-line support below. The short-term pressure above is 3100-3106. Relying on this range during the day, the main tone of the high-altitude low-multiple cycle remains unchanged. Gold operation strategy: 1. Buy when gold falls back to 3065-3073, add more when it falls back to 3056, stop loss at 3045, target at 3105-3108, continue to hold if it breaks
OANDA:XAUUSDLong
by EmmaSaxton
Gold 100% Profit SignalThis week, multiple factors intertwined to affect the gold price. The tariff policy was settled on Wednesday, and the ADP data also caused market turmoil; the non-farm data on Friday will test the market again, with risks and opportunities coexisting. Against this background, gold has shown its charm as a safe-haven asset. The decline of the US economy, the intensification of the US debt crisis, and the geopolitical tensions in the Middle East have all provided impetus for the rise in gold prices. From a technical perspective, gold fell back quickly after opening high in the morning, but then stabilized and rebounded. The weekly, daily and 4-hour lines all showed a bullish trend, with strong upward momentum. On the hourly chart, gold maintained a good upward trend, with previous highs and lows rising continuously, and bulls dominated. The current upper resistance is in the 3135-3138 range, and the lower support is in the 3111-3107 range. In terms of operation, it is recommended to do more on the callback and supplement it with high rebound. Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3093, and the target is 3120-3140. Operation strategy 2: It is recommended to sell at 3130-3135, stop loss at 3142, and the target is 3110-3100.
OANDA:XAUUSD
by EmmaSaxton
Gold continues to move lower today!Gold is running fast in small steps above 3100, and the strong bull market has been rising again and again, with no intention of stopping. Yesterday, it opened directly and broke the high. The European market was under pressure and corrected sideways at 3130, and the US market bottomed out and rebounded to close near the high point. This kind of strong market closed strongly at a high level, especially the market that rose in the early morning. In any case, there must be more in the morning of the second day, and generally there will be continued rises. The same time cycle is true on Monday. At present, gold bulls are rising strongly, and you can just go with the trend and be bullish. Don't guess the top easily. There may be a small correction in the process of rising, but it does not change the overall upward trend. It mostly appears in the form of bottoming out and rebounding, which is also a kind of correction. The real big top needs a certain amount of time to brew, or there is an obvious top signal. If there is a large-scale high-rise fall and close with a large cross, you should pay attention; or if there is a large decline, it is not appropriate to continue to be bullish. For now, gold can still continue to see more. After all, there is no previous high to refer to, so the risk area can only be judged by the increase. For gold today, the price rose from 3120 to 3148 in the morning, an increase of nearly 30 US dollars. So the afternoon adjustment continues to be bullish, focusing on the 3133 first-line support, the watershed is at 3120, and the upper pressure is 3150-3160! If the European session fluctuates sideways without rising, beware of the bottoming out and rebounding at night, repeating yesterday's trend. In terms of trading, a total of four orders were operated yesterday, and one order was loss-making: 1. The 3073 long market was not given a slight difference, so I directly aggressively long at 3081, and stopped profit at 3110 after reducing positions at 3100; 2. After the rise, there will be a correction in the afternoon, and the stop loss at 3120 is 3122; 3. The European session continued to be lightly short at 3124, and the target position of 3100 was reached after reducing positions at 3110; 4. There were many orders at 3100, and the stop profit was 3124 before the break.
OANDA:XAUUSDLong
by EmmaSaxton
GOLD: Potential RisksIf the price reaches the 3136-3148 range, there is no need to hesitate, just sell. This is the gold trading strategy for today provided to you before yesterday's closing. I wonder if any friends have grasped this profit? After getting support near 3125, the price rebounded again. It is still in the rising stage. The resistance continues to focus on the vicinity of 3148. Here is a reminder for everyone: During the trading process, the technical pattern of the 2H and above cycle level has a turning point. This is not a joke, so everyone must be cautious when chasing highs. Even if there is news supporting the market now, news is something we cannot control. Once there is news of easing the situation, the risk aversion of gold will subside, and the decline will definitely not be small. So while we follow the trend, we must also learn to think against the trend!
OANDA:XAUUSDShort
by Trading_King_Arthur
#XAUUSD: Smaller Time Frame With More Accurate Entry Areas! We currently have several active ideas in the Gold analysis section. However, we would like to share a comprehensive chart analysis that clearly demonstrates a market trend and potential entry points. The analysis identifies two entry types: “safe” and “risky.” A “safe” entry is only valid if the “risky” entry is invalidated. You may choose to take either entry if it aligns with your trading bias and chart analysis. If you find this analysis valuable, please consider liking and commenting on it, as this feedback will help us post more detailed analyses in the future. As always, we express our sincere gratitude for your unwavering support. Team Setupsfx_
OANDA:XAUUSDLong
by Setupsfx_
8
Gold's oscillation convergence is about to break!Technical analysis of gold: Gold has slightly risen and fallen during the day and is generally in a volatile trend. Gold is currently temporarily maintaining a narrow range of fluctuations on the daily trend, but the short-term moving average has begun to gradually diverge downwards, and there are signs of weakening in the short term on the daily line. The 4-hour level trend is temporarily maintained in a volatile state, and the price is temporarily compressed between 3010-3030. The short-term moving average continues to maintain a state close to adhesion and flatness, tending to maintain a volatile trend in the short term. It is necessary to pay attention to the continued downward trend after a small break in the 4-hour level trend. In the small-level cycle trend, there are signs of a small stabilization after touching the previous support band, and pay attention to the short-term adjustment. Today's short-term gold operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the first-line resistance of 3030-3036, and the lower short-term focus is on the 3010-3012 first-line support. Short position strategy: Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3030-3032, stop loss at 3055, target around 3020-3015, and look at the 3010 line if it breaks; Long position strategy: Strategy 2: Long 20% ​​of the gold position in batches when it pulls back to around 3010-3012, stop loss at 8 points, target around 3020-3025, and look at the 3030 line if it breaks;
OANDA:XAUUSDLong
by BenedictLuc8
Another Good Trade for GOLD (XAUUSD) Today My overall forecast for this week is that Gold will do classic expansion week where monday will go up then tuesday will most likely go up to sweep mondays high then do the reversal so that wednesday and thursday will be expansion going down and target the daily imbalances below. For today i was expecting a bullish push upwards for GOLD before it will reverse so i followed my steps by combining my multi timeframe analysis. From daily for the overall bias to 1H for that confirmation and alignment then 5m for my entry timeframe. Once i saw those 3 timeframes align with combination confirmation that i saw with the price action then i entered the trade. My original target was 1:3R but then i saw the weakness after price came to my 1:2R level so i manually pulled out with a 1:2R gain for today....
ICMARKETS:XAUUSDLong
by alfoxDayTrader
You can't make money from such a simple market?After gold stepped back, it hit a new high again. Gold bulls continued to be strong. Gold broke through 3127 again, so the bulls are even better. The gold 1-hour moving average continues to cross upwards and diverges. The support of the gold 1-hour moving average has moved up to 3096, but gold is now far away from the moving average, so wait patiently for adjustments and then step back to continue to buy. The gold 1-hour lowest yesterday fell to around 3100 and then stabilized again, so today gold will continue to buy on dips above 3100. Trading ideas for reference： Go long near gold 3110, sl: 3100, tp: 3130
TVC:GOLDLong
by Fortune-signal
3/31 Gold Trading StrategiesThe five-wave upward movement in gold has been completed. Next, we expect a period of consolidation around 3130, forming a short-term top before a potential pullback. However, during this consolidation phase, there is a possibility of a price surge, though the probability is low. Trading Suggestions: For conservative traders: Avoid rushing into positions. It’s better to wait for a pullback and the confirmation of a secondary top before entering trades. For aggressive traders: You may enter at the current price, but be cautious with your position sizing and leave room for potential additions. Based on the magnitude of the previous upward movement, the expected retracement zone is around 3110-3096, where a minor support level may form. Trading Strategy: 📉 Sell in the 3121-3131 range 📈 Buy in the 3105-3090 range Trade carefully
OANDA:XAUUSDShort
by China_MsWang
XAU/USD BuyHello dear traders I try to guide you in trading and creating trading positions and share my trading ideas with you so that if I make a profit, you can also make a profit with me. These analyzes are done with great complexity and all technical parameters are taken into account as much as possible. And finally, it is presented to you in a completely simple and practical way to use them. Be sure to follow the capital management. Do not risk more than 1% of the capital in any of the positions. Keep in mind that you are responsible for all trades. (Good luck)
OANDA:XAUUSDLong
by khakzadi
GOLD: What to do if you Hold a Short position?Gold is rebounding. Pay attention to the resistance above 3020. At present, we can see obvious selling pressure on the 2H chart. MACD has formed a divergence. 2H is a larger period. Its form is short, which means that tomorrow or the day after tomorrow, the market will fall sharply. In addition, the divergence of MACD is sometimes repaired by shock market. This situation is not uncommon, so when trading, we need to focus on the support. Judging from the current candlestick chart arrangement, there is support near 3100, followed by the 3096-3088 range. If a larger divergence pattern is to be formed, the price may reach the 3036-3048 range. At that time, there is no need to hesitate too much, just sell it.
OANDA:XAUUSDShort
by Trading_King_Arthur
Gold's Historic Ascent: Breaking the $3,100 Barrier Gold, the timeless safe-haven asset, has surged to unprecedented heights, breaching the $3,100 per ounce mark for the first time in history. This remarkable rally, fueled by a confluence of geopolitical tensions and economic anxieties, underscores gold's enduring appeal as a hedge against uncertainty. The recent surge, surpassing the previous record set just days prior, signals a potent shift in investor sentiment, driven significantly by the United States' imposition of new levies. The Catalyst: US Levies and Geopolitical Turmoil The primary catalyst for gold's dramatic ascent is the escalating geopolitical landscape, particularly the United States' implementation of new levies. These levies, often associated with trade disputes and economic protectionism, inject uncertainty into global markets. Investors, seeking to mitigate potential losses, flock to safe-haven assets like gold, driving its price upward. Beyond the immediate impact of US levies, a broader sense of economic fragility permeates the market. Concerns about inflation, rising interest rates, and potential economic slowdowns have created a climate of apprehension. In such environments, gold's historical role as a store of value becomes increasingly attractive, bolstering its demand. Gold's Safe-Haven Status: A Time-Tested Phenomenon Gold's allure as a safe-haven asset is deeply rooted in its intrinsic properties and historical performance. Unlike fiat currencies, which are susceptible to inflation and government policies, gold retains its value over long periods. In times of economic and political instability, gold tends to outperform other asset classes, serving as a reliable hedge against market volatility. This safe-haven status is further reinforced by gold's limited supply and its universal recognition as a valuable asset. The precious metal's physical nature and its role in various industries, from jewelry to electronics, contribute to its enduring demand. The Market Reaction: A Surge in Investor Confidence The surge in gold prices reflects a significant shift in investor confidence. As traditional investment avenues become increasingly risky, investors are turning to gold as a means of preserving capital. The influx of funds into gold-backed exchange-traded funds (ETFs) and other gold-related investments underscores this trend. The market's reaction also highlights the interconnectedness of global economies. The US levies, while originating from a single nation, have reverberated across international markets, triggering a flight to safety. This demonstrates the profound impact of geopolitical events on investor behavior and asset prices. Analyzing the Price Surge: Factors at Play Several factors contribute to gold's current price surge: • Currency Fluctuations: A weakening US dollar can make gold more attractive to investors holding other currencies. • Inflationary Pressures: Rising inflation erodes the purchasing power of fiat currencies, increasing the appeal of gold as an inflation hedge. • Interest Rate Policies: Lower interest rates can reduce the opportunity cost of holding gold, as it does not generate interest income. • Geopolitical Instability: Political conflicts, trade disputes, and economic sanctions create uncertainty, driving demand for safe-haven assets. • Central Bank Purchases: Central banks often hold gold reserves as a hedge against currency fluctuations and economic instability. Their purchasing activity can influence gold prices. • Looking Ahead: The Future of Gold Prices Predicting future gold prices is inherently challenging, as they are influenced by a complex interplay of factors. However, several trends suggest that gold's upward trajectory may continue: • Persistent Geopolitical Tensions: Ongoing political conflicts and trade disputes are likely to sustain demand for safe-haven assets. • Economic Uncertainty: Concerns about inflation, rising interest rates, and potential economic slowdowns are expected to persist. • Increased Investor Interest: The recent surge in gold prices has attracted significant investor attention, potentially leading to further inflows of funds. However, potential headwinds could also impact gold prices: • Strengthening US Dollar: A stronger US dollar could make gold less attractive to international investors. • Rising Interest Rates: Higher interest rates could increase the opportunity cost of holding gold. • Improved Economic Outlook: A more optimistic economic outlook could reduce demand for safe-haven assets. The Significance of Gold's Milestone Gold's breach of the $3,100 mark is a significant milestone, reflecting the profound impact of geopolitical tensions and economic anxieties on global markets. It underscores gold's enduring role as a safe-haven asset and its ability to preserve value in times of uncertainty. As investors navigate the complexities of the global economy, gold is likely to remain a key component of diversified investment portfolios. Its historical performance, intrinsic properties, and universal appeal make it a compelling asset in an increasingly uncertain world.
TVC:GOLDLong
by bryandowningqln
GOLD:Short positions are dominant in New York sessionToday, gold jumped higher and opened higher. After filling the gap, it continued to rise, breaking through the 3100 mark and approaching 3130. The excessive and rapid rise caused the MACD indicator to diverge, giving us the opportunity to short this time, from which we gained 1000+ points of profit. Together with the profit of nearly 2000 points in the Asian session, we have gained more than 3000 points of profit today. At present, the price is still falling, with weak support roughly around 3107 and strong support around 3098. Before the start of the US session, the price is expected to fluctuate in the 3100-3130 area. There will be large fluctuations after the opening, and the possibility of falling from a high position is greater, so the US session can pay more attention to the opportunity to short at a high position.
OANDA:XAUUSDShort
by Trading_King_Arthur
XAUUSD:Tomorrow, focus on going long on pullbacksLast Friday, influenced by both the evening market sentiment and capital flows, gold had a relatively high probability of rising overall. However, after the release of the PCE inflation data, the market reaction was poor as the data was bearish. Gold failed to directly break through the previous high and reach a new peak. It was evident that the gold price did not hold firm above 3086, dropping rapidly after touching that level twice. Thus, one should not blindly chase long positions. If the gold price breaks below 3060, a genuine adjustment may ensue. Overall, for tomorrow's short-term trading of gold, the trading approach should mainly involve going long on pullbacks and be supplemented by selling short on rebounds. In the short term, closely monitor the resistance level at the 3095-3100 range on the upside, and the support level at the 3070-3065 range on the downside. Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
FOREXCOM:XAUUSDLong
by LeoBlackwood
Gold Spot (XAU/USD) Analysis: Bullish Pennant Breakout to Target1. Overview of the Chart This 4-hour chart of Gold Spot (XAU/USD) presents a bullish pennant pattern, which is a strong continuation formation, indicating that the price is likely to continue its upward trajectory. The price action has followed a clear trend structure, and we can identify key support and resistance levels, breakout points, and potential profit targets. This analysis provides a comprehensive breakdown of the chart setup, including: The technical pattern formation Key support and resistance zones Trade setup with an ideal entry, stop loss, and profit target Risk management considerations Market conditions and external factors to monitor 2. Breakdown of the Chart Pattern: Bullish Pennant Formation Understanding the Bullish Pennant Pattern A bullish pennant is a continuation pattern that occurs after a strong upward movement (known as the "flagpole"). The market then consolidates within a small triangular shape, forming the pennant. This consolidation is seen as a temporary pause before the next bullish move. Key Characteristics of the Pennant in this Chart Flagpole Formation: The steep rally before the pennant formed represents a strong bullish impulse, driven by increased buying pressure. This rapid price increase set the foundation for the pennant pattern. Consolidation (Pennant Formation): Price action moved within converging trendlines, forming a symmetrical triangular pattern. The market temporarily paused, as some traders took profits while others awaited further momentum. This type of consolidation is common before the price resumes its trend. Breakout from the Pennant: The bullish breakout above the upper trendline of the pennant confirms the continuation of the uptrend. A strong breakout suggests renewed buying interest, likely pushing prices toward the next resistance level. 3. Key Technical Levels on the Chart A. Resistance Level (Potential Selling Zone) A critical resistance zone is marked between $3,100 - $3,125, where selling pressure could emerge. If the price faces rejection in this zone, a temporary retracement could occur before another push higher. A breakout above this resistance level would further strengthen the bullish case, possibly pushing gold toward the $3,175 - $3,200 range. B. Support Level (Demand Zone) The support zone is around $3,025 - $3,017, which is the last significant swing low. This level represents a strong buying area where traders may look for re-entry on a pullback. A break below this support could invalidate the bullish setup, signaling a shift in market sentiment. C. Trendline Support (Dynamic Support) The dashed black trendline represents an uptrend support. If price retraces toward this level and holds, it may offer another buying opportunity before resuming its uptrend. A break below this trendline would be a warning signal, suggesting a weakening of bullish momentum. 4. Trade Setup and Execution Strategy A. Entry Strategy The ideal entry point was upon the confirmed breakout above the pennant, around $3,075 - $3,085. Aggressive traders may have entered at the breakout itself. Conservative traders may wait for a pullback to retest the breakout zone before entering, ensuring confirmation. B. Stop Loss Placement (Risk Management) A stop loss is placed below the support zone at $3,017 to minimize downside risk. This placement protects against false breakouts or unexpected market reversals. Keeping a tight stop loss allows for a higher risk-to-reward ratio while maintaining a disciplined approach. C. Profit Target Projection (Expected Price Movement) The target price is determined using the measured move approach, where the height of the flagpole is added to the breakout point. The expected profit target is in the range of $3,175 - $3,200, offering a potential upside of 4.29% from the breakout level. If price maintains its bullish momentum, further gains could be expected beyond the target zone. 5. Risk Management & Considerations A. Risk-to-Reward Ratio (RRR) This trade setup provides a favorable risk-to-reward ratio (RRR). With an entry near $3,085, a stop loss at $3,017, and a target around $3,175, the trade offers a reward-to-risk ratio of approximately 3:1. This ensures that even if the trade does not succeed, the risk is controlled while allowing significant upside potential. B. Factors That Could Invalidate the Setup Failure to sustain the breakout: If price falls back below the pennant, the setup may be invalid. Break below the support zone ($3,017): This would signal a possible trend reversal. Weak volume on breakout: A lack of volume could indicate a false breakout, leading to price retracement. C. Alternative Trade Scenarios Scenario 1: Retest & Continuation: If price pulls back to retest the breakout zone ($3,075 - $3,085) and holds, traders can look for another buying opportunity. Scenario 2: False Breakout & Reversal: If price falls below the support level ($3,017), traders should exit long positions and re-evaluate market conditions. 6. Market Conditions & External Factors to Monitor A. Gold’s Correlation with USD & Interest Rates Stronger USD → Downward Pressure on Gold Weaker USD → Bullish Gold Trend Interest rate decisions from the U.S. Federal Reserve play a significant role in gold prices. B. Economic Events & News Impact Inflation Reports: Higher inflation often supports gold prices. Geopolitical Tensions: Political instability can lead to increased demand for gold as a safe-haven asset. Stock Market Movements: A weaker stock market can drive capital into gold. 7. Conclusion: Bullish Outlook with Cautious Optimism Key Takeaways: ✔ Bullish pennant breakout confirmed – strong continuation signal. ✔ Price is above key support & trendline – maintaining bullish structure. ✔ Clear trade plan with entry, stop loss, and target levels. Trading Plan Summary: Entry Stop Loss Target Risk-Reward Ratio $3,075 - $3,085 $3,017 $3,175 - $3,200 3:1 📌 Final Recommendation: Maintain a bullish bias as long as price holds above the support zone ($3,017). Watch for volume confirmation to ensure the breakout is valid. Adjust stop loss or secure profits if price reaches key resistance levels ($3,100 - $3,125). If you need further clarification or alternative trade scenarios, let me know! 🚀
OANDA:XAUUSDLong
by GoldMasterTrades
Gold Top Trading SignalsGold continued to weaken under pressure at 3047 in Asian trading last Friday. In the afternoon, the European session broke through the 3030 mark and stabilized near 3021. In the evening, the US session repeatedly fluctuated and suppressed below the 3037 mark, ushering in an accelerated downward decline and breaking the bottom. Finally, it pierced near 3000 before closing and rebounded and closed at 3023. The daily K-line closed with a suppressed and falling middle shadow. The overall gold price showed a suppressed and falling adjustment pattern below the 3057 mark. After the opening of gold in the morning today, the gold price did not fluctuate much. It rebounded to the 3026 line and then stepped back for adjustment. As long as the correction does not break the low point of last Friday, we will continue to look for opportunities to buy when it steps back. From the current 4-hour analysis, today's upper short-term resistance is still focused on around 3030-35, and the lower short-term support is focused on around 3000-3005. The overall support relies on this range to maintain the main tone of high-altitude low-multiple cycles. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. Gold operation strategy: 1. Gold falls back to 3000-3005 line, stop loss 2995, target 3025-3030 line, continue to hold if it breaks; 2. Gold rebounds to 3035 line but does not break, you can go short, stop loss 3042, target 3005-10 line;
OANDA:XAUUSDLong
by EmmaSaxton
Gold recommends short entry at 3030Last week, the daily RSI of gold fell slightly below the overbought area of ​​70, but combined with the intact structure of the three-month rising channel, the current retracement is more inclined to a technical correction rather than a trend reversal. From a spatial perspective, the 3030 line as the midpoint of the channel constitutes the primary resistance. If this position cannot be effectively broken through, the gold price may test the support of the 3000 integer mark downward. It is worth noting that the static resistance formed near 3050 resonates with the recent negative fundamentals, further suppressing the upward space. The current strategy needs to fluctuate in the range. In the morning, focus on whether the opening high of 3026 can be recovered. If it stabilizes, it will be seen to 3035, the opening point of last week; on the contrary, if it falls below the short-term moving average support of 3010, the short position can follow the trend to the expected level of 3000. It is recommended to adopt the range trading mode, and operate back and forth between high and low in the range of 3000-3035. Technically, we need to be alert to the stagflation signal formed by the continuous shortening of the MACD red column and the closing of the Bollinger Bands. It is recommended to avoid chasing highs and focus on the impact of the US CPI data on the market at noon. Gold operation suggestions: short near the rebound of 3030-3035, stop loss 3042, target 3005
OANDA:XAUUSDShort
by EmmaSaxton
1