Buying on pullbacks remains the main theme!Tariff turmoil resurfaces, gold price jumps!
The Trump administration once again wields the tariff stick, threatening to impose a 50% tariff on the EU from June 1, and saying that there has been no progress in the negotiations between the US and the EU. Because the timing of this threat is quite subtle. Just earlier this week, the EU just submitted a new framework proposal to the US to restart bilateral trade negotiations. This directly led to a jump in gold price tonight!
Faced with the tough stance of the US, the EU is not sitting still. It is reported that the EU has formulated a contingency plan. If the negotiations fail, it will impose additional tariffs on US exports worth 95 billion euros in response to Trump's "reciprocal" taxation and 25% tariffs on cars and some parts, which will inevitably cause further impact on the market!
The bulls are in control and are unwilling to give the bears too many opportunities to cover their losses. Therefore, the strategy of following the trend needs to be more active - strong markets usually do not experience a deep retracement, and the correction phase will not break the previous low for the second time. After the current gold price surged to 3365, the intraday bull defense position should be set at 3340. The previous low of 3320 has been effectively supported, and the bulls have taken the absolute initiative, and there will be no short-selling opportunities in the short term. Based on the current strong bullish performance, continuing to maintain a bullish mindset is the core of the transaction.
Operation strategy:
1. Gold recommends going long in the 3340-3330 area, with a target of 3350-3360.
2. Gold recommends going short in the 3365-3375 area, with a target of 3350-3340.
Xauusdlong
GOLD D1 chart update for the 26-30 May weekkindly read level carefully as market on it's way to ATH but keep in mind downside some major retracements are remains pending
Right all eyes on 3330 level if market successfully sustain below 3330 then it will definitely move towards 3300 or even 3280 and then 3250
Main levels for the week 3400 \ 3250 \ 3308
Gold operation strategyFrom the 4-hour market trend, the short-term support below is around 3275-3280, with a focus on the support at 3253-60. The short-term bullish strong dividing line is 3253. The daily level stabilizes above this position and continues to maintain the bullish rhythm of stepping back on lows and following the trend.
Gold operation strategy:
1. Go long when gold falls back to 3290-3295, and add more when it falls back to 3275-80, stop loss at 3269, target 3316-3320, and break to 3340-45;
2. If gold rebounds to 3340-45 but does not break, you can go short with a light position, stop loss at 3353, target 3300-3306;
Trend analysis under the interweaving of long and short factorsDuring the European session on Thursday, spot gold maintained a volatile downward trend and is now trading around $3,295/oz. During the day, everyone needs to focus on the US PMI data, which may cause significant fluctuations in the gold market. Although gold prices recorded a fourth consecutive trading day of gains on Thursday and hit a two-week high of $3,350/oz, the current rise has slowed down. The recent trend of gold is mainly supported by multiple factors: rising geopolitical risks, worsening US fiscal conditions and continued weakening of the US dollar. Specifically, Moody's downgraded the US sovereign credit rating and warned that the Trump administration's new round of tax reforms and spending plans may increase the size of US debt by 3 to 5 trillion US dollars, which significantly exacerbated market concerns about US debt risks. In addition, the increased expectations of the Federal Reserve's interest rate cuts and the escalation of global trade tensions also supported gold prices.
During the Asian session, gold prices approached a two-week high. However, as the market digests the previous good news, coupled with the upcoming intensive release of European and American economic data, the short-term trend of gold faces uncertainty. This trading day reminds everyone to pay attention to the key data including the May PMI data of European and American countries, the change in the number of initial jobless claims in the United States, and the annualized total number of existing home sales in April. At the same time, the international trade situation, geopolitical dynamics, the progress of the G7 meeting, and the speeches of Federal Reserve officials may also have an impact on the market. It is recommended that everyone keep a close eye on it.
On the 2-hour gold chart, gold rebounded continuously, setting a new high for the week, but the gold price fell back after rising during the day, and it is necessary to pay attention to the risk of short-term correction. Secondly, the intraday high point of gold is 3345 US dollars. The 5-day moving average slightly crosses, the MACD indicator crosses upward, the RSI indicator crosses downward, and the KDJ indicator crosses slightly. The short-term technical aspect shows that the downtrend is dominant, but the RSI indicator suggests that there is a need for adjustment in the short-term gold price, and it is recommended to be bearish.
Operation strategy:
Gold is recommended to short near the current price of 3290, stop loss at 3298, target 3275-3255, and hold after breaking.
Geopolitical risks + policy games, the latest gold operationsAt present, the US fiscal policy game is fierce. The Trump administration is pushing forward a comprehensive tax cut bill with a scale of trillions of dollars, but there are serious divisions within the Republican Party. Against this background, the spot gold price has broken through the key psychological barrier of $3,300, and the technical side shows a bullish "golden cross" pattern. It should be noted that if the US Congress unexpectedly passes the fiscal bill, it may trigger short-term profit-taking. In the medium and long term, supported by the rising global geopolitical risks and the shift in monetary policy, gold still has strategic allocation value. Many investment banks have raised their year-end target prices to above $3,500.
From a technical perspective, gold has been strong recently. Spot gold closed at $3,289.54 per ounce on Tuesday, and further broke through $3,300 in the Asian market on Wednesday, reaching a high of $3,304.06, a new high in more than a week. In the short term, gold prices need to break through the key resistance level of $3,370 to open up further upside space; $3,150 has formed a solid support below. If there are new variables in the geopolitical situation or economic data, gold prices may even challenge the $3,400 mark. Based on the current trend, the trading idea on Wednesday is clear: wait for the price to fall back and continue to intervene in long orders around 3,300, and maintain a bullish strategy.
Operation strategy:
Gold is recommended to go long in the 3300-3305 area, with a stop loss at 3292, and a target of 3315-3330. Hold if it breaks through.
Gold fluctuates at high levels, are bulls regaining confidence?The hourly moving average of gold crosses upward, and eventually diverges upward. The volume of gold bulls is opening up. The resistance of gold at 3253-60 has now turned into support. Gold continues to buy on dips when it falls back in the US market. Since gold has broken through, the decline is an opportunity to buy. We never do long or short positions. The current decline of gold is to buy with the trend. To be a steady hunter, you must have amazing patience and lonely torment, so that you can kill the prey with one blow. To do gold, you also need to be steady and patient to wait for the entry point to enter the market. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us!
From the 4-hour analysis, the upper short-term focus is on the short-term suppression of 3290, and the important suppression of 3300. Gold still broke through the US market and rose strongly, and the gold bulls started. After the gold US market broke through the box and oscillated strongly, gold fell back and continued to be long. 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:
Go long on gold at 3260-65, stop loss at 3250, target at 3290-3300;
Moody's downgrade hits the US dollar!In today's Asian session, gold rose slightly after opening and then turned down, falling to a low of $3204/ounce before rebounding, and consolidating in a narrow range of 3210-3220. After entering the European session, gold strengthened, reaching a high of around $3239. Technically, the 2-hour MACD indicator formed a golden cross, and the gold price has stabilized on the middle track on the 3-hour chart, but the 2-hour Bollinger band opening narrowed, indicating that the price fluctuation space is limited. Based on the current trend, it is recommended to adopt a buy on dip strategy.
Operation strategy:
Gold is recommended to buy near 3225 when it falls back, with a stop loss at 3202, and a target of 3235-3245. Hold if it breaks.
XAUUSD Intraday Analysis – 23 May 2025Technical Outlook:
Price is currently trading within a well-defined ascending channel, with both the upper and lower trendlines being respected consistently. The recent bullish momentum aligns well with the overall market structure, suggesting continued upward pressure.
Channel Support Zone: The lower bound of the channel has consistently acted as dynamic support, with price bouncing each time.
Fair Value Gaps (FVGs): Two clear FVGs are present, with price reacting to the first one already. The second, slightly higher FVG, aligns with the midline of the channel — a common area of short-term consolidation or continuation.
Key Buy Zones:
Zone 1: 3300–3305 – Ideal first entry zone aligning with minor demand and the lower region of the current consolidation.
Zone 2: 3315–3320 – Second entry zone closer to mid-channel and higher FVG area.
Bullish Confluence:
Channel support (structure).
FVG demand zones.
Higher highs and higher lows (market structure).
No significant resistance until ~3380–3400, providing ample R:R.
📈 Trade Signal (XAUUSD)
Bias: Bullish
Entry Zones:
🔹 Buy Limit @ 3300–3305
🔹 Buy Limit @ 3315–3320
Stop Loss: (just below channel support)
Take Profit 1: 3335
Take Profit 2: 3355
Take Profit 3: 3375
Take Profit 4: 3385
Risk Management: 1–2% per entry zone based on your account size. Adjust position size according to risk tolerance.
Kindly follow, share, support and boost.
Plan ahead Sell high and buy low to take the lead.Yesterday, the technical side of gold rose first and then fell. We directly arranged 3327 long orders to take profit and exit at 3340. After further accelerating to break through the 3345 mark, it fell under pressure and fell rapidly. We also successfully shorted at 3341, and the target successfully reached 3330-20. The European session continued to fall and broke through the 3300 mark and continued to fall to around 3280 to stabilize and rebound. We went long at 3280, and the target was 3300-3306. The daily K-line closed at a high and fell back to oscillate in the middle. The overall gold price was suppressed and oscillated at the 3345 mark in the short term. Yesterday's three orders also reached the take-profit target as expected.
From the 4-hour market analysis, today's upper short-term resistance is around 3315-3320. If the upper pressure 3315-3320 is not broken, shorting can also be done. Focus on yesterday's high pressure of 3345. The support level below is still 3280-3275. If it breaks down, pay attention to 3255-3250. Continue to rely on this range to maintain the main tone of high-altitude low-multiple cycles during the day. Observe more and move less in the middle position, be cautious in chasing orders, and wait patiently for key points to enter the market.
Operation suggestions:
1. Go long when gold falls back to 3285-3275, and look up to 3300 and 3315.
2. Go short when gold rebounds to 3340-3345, and look down to 3325 and 3315.
Gold 200% Profit SignalYesterday, it rose and fell, and stopped falling again at the middle track, indicating that the middle track can be used as a watershed in this cycle. If it runs above it, the shock will be strong. In addition, the 618 division position 3317-18 line broke through again, and the short-term 5-day moving average supported at 3315. Therefore, the 3315-3318 range is the first retracement to confirm the support point. If it stabilizes, it will further attack and point to the 786 division resistance 3370 line. Once the previous high of 3345 is broken, the corresponding macd will enter a top divergence state. If it is further pulled up in the later period, it is necessary to be careful of the high and fall.
At the hourly gold line level, gold is under pressure below 3315, with support at 3280-90, and repeatedly fluctuates at the bottom. This morning, it was still running back and forth under the suppression of the middle track 3305, but the low point gradually moved up. Finally, under the continued weakness of the US dollar, the gold price finally stood on the middle track, and directly reached 3330 with a strong force. From overnight to this morning, it has been bullish and finally waited for a big profit. Then after the 3315 resistance is broken and stabilized, gold will naturally become the top and bottom support, and the 10-day moving average will move up and approach 3320. For the rise of gold, the European session will maintain resistance to falling, and gold still tends to rise further. Pay attention to the stabilization of the 3320-3315 support and continue to be bullish. The resistance target is 3370-3380; if it is unexpectedly effectively lost, pay attention to 3340.
Gold US session strategy: It is recommended to go long at 3330, stop loss at 3320, and the target is 3350-3360; it is recommended to go short once when it touches 3370 above, stop loss at 3380, and the target is around 3340-3330
Gold fell back at night and continued to riseGold rose and fell, and stopped falling at the middle track again, indicating that the middle track can be used as a watershed in this cycle. If it runs above it, the volatility will be strong. In addition, the 618 division position 3317-18 line broke through again and stood above it. The short-term 5-day moving average support is 3315. Therefore, the 3315-3318 range is the first retracement to confirm the support point. If it stabilizes, it will further attack and point to the 786 division resistance 3370 line. Once the previous high of 3345 is broken, the corresponding MACD will enter a top divergence state. If it is further pulled up in the later period, we must be careful to prevent a high and fall. At the hourly gold line level, the US market was under pressure at 3315 overnight, with support at 3280-90, and repeated bottom shocks and consolidation. This morning, it was still running back and forth under the suppression of the middle track 3305, but the lows gradually moved up. Finally, under the continued weakness of the US dollar, the gold price finally stood on the middle track, and the direct positive strong force reached 3330. From overnight to this morning, it has been bullish and finally waited for a big profit. Then after the 3315 resistance is broken and stabilized, it will naturally become the top and bottom support. The 10-day moving average will move up and approach 3320, maintaining resistance to declines and still tending to further rise. Pay attention to the 3320-3315 support to stabilize and continue the bullish trend. The resistance target is 3370-3380; if it is unexpectedly effectively lost, pay attention to 3340.
3330 is in stalemate 3335 is the key to long and short positions🗞News side:
1. PMI and initial jobless claims data
2. Geopolitical situation
3. Progress of the G7 meeting
📈Technical aspects:
Currently, the gold price is caught in a fierce battle between bulls and bears at the 3330 level. From a technical point of view, gold is still in the weekly level adjustment and no clear unilateral trend has emerged. Recently, there has been frequent changes in long and short positions, and the rise and fall of prices depends on the impact of news on the market. Even if gold experiences a correction at present, it is likely to be only a small range. Therefore, in the short term, attention should be paid to the resistance line of 3330-3335. If it breaks through, it is expected to look towards yesterday's high of 3345. If it encounters resistance and pressure at 3330-3335, it may retreat to 3310-3300 in the short term for correction. The upper strong pressure is still at 3350-3360, and the lower support of 3300-3290 is still strong. There is no good entry trading opportunity at present, so brothers should wait patiently.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
gold on sell#XAUUSD is trying to correct back above week high 3345 but unfortunately it's need a breakout above the today high to continue.
Below the 3322 breakout shows a strong fall on which target till 3286, stop loss 3331.
Above the 3335 shows a bullish range which will reach 3344, around 3344 will either decline and head sell or reach the 3367 limit. Below 3312 shows another bearish continuation but multiple breakout will decide.
Gold top profit signalsThe market fluctuated upward all the way on Friday, opening at 3295, hitting the lowest point of 3287 and bottoming out. So far, it has hit the highest point of 3334 and then fluctuated at 3330. The recent market fluctuations are relatively large, and they are completely within our expectations. Yesterday, on Thursday, we gave a short position at 3340-45, and the actual market was directly short at 3341, long at 3380-85, and long at 3390-93. The long position target is 3300-06. Judging from the current trend, gold may still have high points. It is only a matter of time before the 3334 line breaks through. From the perspective of the operation trend, we continue to focus on buying on pullbacks
From the 4-hour market analysis, the upper focus is on yesterday's high pressure of 3345, and the lower support is 3286-90. For the time being, we will rely on this range to maintain the main tone of low-long participation. In the middle position, we will watch more and do less and be cautious in chasing orders.
Gold rebounds to 3286-3295 line and goes long, stop loss 3277, target 3326-3330 line, break to 3340-45 line;
Gold rebounds to 3340-45 line but does not break, you can go short lightly, stop loss 3353, target 3300-3306 line, continue to hold if break
Gold 100% Profit SignalThe market fluctuated upward all the way on Friday, opening at 3295, hitting the lowest point of 3287 and bottoming out. So far, it has hit the highest point of 3334 and then fluctuated at 3330. The recent market fluctuations are relatively large, and they are completely within our expectations. Yesterday, on Thursday, we gave a short position at 3340-45, and the actual market was directly short at 3341, long at 3380-85, and long at 3390-93. The long position target is 3300-06. Judging from the current trend, gold may still have high points. It is only a matter of time before the 3334 line breaks through. From the perspective of the operation trend, we continue to focus on buying on pullbacks
From the 4-hour market analysis, the upper focus is on yesterday's high pressure of 3345, and the lower support is 3286-90. For the time being, we will rely on this range to maintain the main tone of low-long participation. In the middle position, we will watch more and do less and be cautious in chasing orders.
Gold rebounds to 3286-3295 line and goes long, stop loss 3277, target 3326-3330 line, break to 3340-45 line;
Gold rebounds to 3340-45 line but does not break, you can go short lightly, stop loss 3353, target 3300-3306 line, continue to hold if break
Gold rose as expectedFrom a technical perspective, the daily line closed negative yesterday. After a series of positive lines, it generally means correction. After the negative line, it continues to rise. The closing line on Thursday is still above the middle track. The 5-day moving average crosses the 10-day moving average and adheres to the middle track at 3285. The 10-day moving average moves up to around 3253. The next wave of rise may go to the daily Bollinger upper track suppression point near 3400, so there is still a good space for the rise. In the 4-hour level, gold broke through the upper track yesterday and then stepped back, confirming the middle track support. At present, the Bollinger band is open, the moving average is still in a long position, and the cyclicality is still strong. The intraday support point is also the key point of strength and weakness at 3280. The short-term support is at the previous high of 3293. There are many intraday support levels for declines, and the upper 3315-3340-3365-3380-3400 is gradually looking up.
Gold Gearing Up for a Breakout – Bullish Setup on the 4H ChartI'm currently bullish on Gold (XAU/USD) in the short to medium term, based on the 4-hour chart structure and key technical levels.
🔍 Technical Breakdown
✅ Key Support Zone:
Price recently respected the $3,204.97 level, which has proven to be a key support area on the 4H chart. This level has held strong after multiple tests, forming a solid base for potential upward movement.
✅ Resistance / TP1:
The first significant resistance level lies at $3,435.13. This is a previous supply zone where price faced selling pressure. If bullish momentum sustains, this will be my first take-profit (TP1) level.
✅ Resistance TP2:
Should the price break above TP1 with strong volume, the next major resistance is around $3,497.61, which will act as TP2 for this long setup.
📊 Trade Setup
• Entry Zone: Around $3,328–$3,333
• Stop Loss: Below recent swing low at $3,263.26
• Take Profits:
TP1: $3,435.13
TP2: $3,497.61
🔁 Risk-Reward Ratio: ~2.32
This setup offers a favorable R:R with a potential gain of 4.91% vs. a risk of 2.12%.
📉 BBTrend Indicator Confirmation
The BBTrend histogram has started turning green again, indicating a shift in momentum toward the bulls. This transition often aligns with the early phase of upward movement, supporting a potential continuation of the trend.
🧠 Conclusion
The market structure shows higher lows forming after a strong support retest, signaling a bullish reversal. A break and close above $3,333 would further validate the bullish thesis. As long as the support at $3,204.97 holds, I remain optimistic about Gold retesting higher resistance zones.
🟩 Bias: Bullish
📅 Timeframe: 4H
⚠️ Note: Always manage your risk and confirm entries with your own strategy.
Gold XAUUSD Possible Move 22 May 2025🧠 Technical Analysis
Price action recently broke down from a rising wedge formation—a classic bearish pattern—indicating a short-term correction. After forming a local top near the 3,345 supply zone, price is now retracing and approaching a key demand zone around 3,295/90–3,300, which previously acted as consolidation support before the breakout.
This zone also aligns with:
Previous demand / order block area.
Liquidity grab potential below minor structure.
Psychological round number 3,300.
If bullish structure forms (e.g., double bottom, bullish engulfing) in this zone, it would confirm buyers stepping back in.
Given the strong bullish momentum prior to the wedge, this current drop is likely a healthy retracement before continuation toward higher levels.
📈 Trade Setup (Buy Limit Idea):
Buy Entry: 3,295–3,300 (within demand zone)
Stop Loss: 3,285 (below zone, structure invalidation)
Take Profit 1: 3,320 (first supply reaction level)
Take Profit 2: 3,345 (prior high/supply zone)
Take Profit 3: 3,355 (liquidity sweep above highs)
Risk-Reward: ~2.5R to TP2
Confirmation Tip: Look for bullish price action (e.g., bullish engulfing, break of minor structure) on M5–M15 before entering.
5/23 Gold Analysis and Trading SignalsGood afternoon everyone!
Gold did not touch our key buy or sell zones yesterday, but flexible intraday range trading worked well, resulting in decent profits.
Currently, the price has reached around 3330, and from a technical standpoint, bulls remain in control. If no negative surprise hits the market, gold could target 3368 today, with a potential to test 3400 resistance next week.
🔔 On the news front, two key events during the U.S. session today deserve attention:
A speech by Fed Governor Lisa Cook on financial stability — may provide hints about the Fed’s stance.
An executive order signed by Donald Trump, which might impact markets depending on its content (e.g., taxes, tariffs, or spending).
Also, note that U.S. markets will be closed next Monday, but this is unlikely to cause major disruptions. Positions held over the weekend can still be adjusted during the Asian session on Monday.
📈 Today’s Trading Recommendations:
📉 Sell near 3382–3398 (Resistance zone)
📈 Buy near 3274–3256 (Support zone)
🔁 Flexible trading levels:
3285 / 3296 / 3307 / 3316 / 3328 / 3337 / 3346 / 3361 / 3373
Gold (XAUUSD) Long Setup – Targeting Fresh Highs Bullish Move📊 Chart Breakdown & Market Context:
This 30-minute chart of Gold Spot (XAU/USD) shows a strong bullish price structure that is currently forming higher lows while respecting dynamic trendline support. The chart illustrates demand and supply transfers, which are pivotal concepts in price action trading. Let’s explore the technical reasoning behind this trade setup:
🔄 1. Demand & Supply Shift Zones:
Demand Transferred: Initially, price consolidated within the blue elliptical region. This area saw aggressive bullish pressure that pushed price upward, confirming the presence of institutional demand. As the market progressed, this demand shifted higher — now located at the most recent zone where price bounced after a pullback.
Supply Transferred : A major bearish reaction zone was taken out after the market absorbed selling pressure. This suggests that sellers are no longer in control and demand is rebalancing in favor of buyers.
📈 2. Bullish Structure Confirmation:
After the pullback on May 22, price formed a higher low, perfectly aligned with both the new demand zone and the ascending trendline support. This confirms that buyers are defending this area.
The price is currently pushing upward from this demand, signaling a potential bullish continuation.
The 50% equilibrium level of the recent bearish leg is being tested. A clean break and close above this level would confirm buyers’ dominance and could invite momentum trading interest.
🔵 3. Entry, Targets & Stop-Loss Plan:
✅ Entry:
Entry is ideal from the current price region near 3,313 (or on minor retracement, maintaining RR).
🎯 Take Profit Zones:
TP1 (~3,336): This is just above the 50% level and near the previous swing high. Partial take-profit here is wise in case price consolidates.
TP2 (~3,360): Located at the upper resistance zone, marking the potential target if bullish momentum continues.
❌ Stop-Loss:
SL: 3,287.891 — placed below the recent higher low and below the demand zone. This protects the trade from deeper pullbacks or breakdowns below structural support.
📉 4. Risk Management & Trade Psychology:
Maintain a Risk-Reward Ratio (RRR) of at least 1:2 to ensure profitable expectancy.
Avoid over-leveraging, as we are trading near a key resistance zone (50% area).
Watch for volume confirmation or strong bullish candles before fully committing to the trade.
Use a trailing stop once TP1 is hit to secure profits toward TP2.
⚠️ 5. Key Considerations Before Execution:
Monitor any macroeconomic events (e.g., Fed announcements, CPI/PPI, NFP) that may impact gold volatility.
Check DXY (Dollar Index) — if the dollar weakens, gold will likely strengthen further.
Volume behavior around the 50% zone will indicate breakout vs rejection.
🧠 Summary for Minds Section:
Gold shows a clear higher-low structure supported by trendline and demand transfer.
Buyers absorbed supply; now building momentum toward upper resistance zones.
Entry near 3,313, SL under 3,288, TP1 ~3,336, TP2 ~3,360.
Trend remains bullish unless trendline and demand zone are broken.
💡 Educational Takeaway: Watch for demand/supply shifts and trendline confirmations. This setup is a textbook example of structural continuation supported by market psychology and price action zones.
XAUUSDToday, the follower executed accurate signals in the band trading center and made a profit. The current news is relatively stable. The technical side continues to pursue long orders.
Combined with SMA, there is a support position below 3300-3290. The retracement range is 1%. It is currently in perfect agreement with the expected value.
The current price is 3312. At present, we need to wait for the market to digest some negative factors before looking for opportunities to buy. Below 3310 is a good buying position. Above 3345 is a pressure position that needs to be paid attention to in the short term. If it breaks through, you need to pay attention to whether the position of 3350-3360 can break through stably before considering buying.
Do not trade independently during the trading process. To avoid any losses. If you don’t know how to trade, remember to pay attention to the buying and selling suggestions of the band trading center.
Flexible strategies lead to the best response.📍News:
The continued escalation of the war in the Middle East has increased risk aversion in the gold market.
At the same time, the Russian-Ukrainian negotiations broke down, and Russia launched the largest attack since 2022. Under the double attack, the market's risk aversion is full.
📊Gold technical analysis:
Today's gold price showed a violent fluctuation pattern. During the Asian session, the gold price quickly broke through the 3345 regional resistance and then fell back quickly, indicating that the short-term top pressure was significant. Subsequently, the market fluctuated repeatedly in the 3345-3320 high range and the 3320-3280 low range. After testing the 3350 high point in the Asian session, it retreated sharply, releasing a staged peak signal, indicating that the previous increase has entered the correction and callback stage, but the overall trend is still dominated by wide fluctuations.
Market sentiment reversed, and the price slowly fell and then was pulled up by the positive line. The game between long and short positions was fierce. Although the short position once dominated, the long position counterattacked strongly, and it is expected that it may hit the resistance near 3320 again. The current market has not formed a unilateral trend. The operation is still to deal with the idea of shocks, and maintain the idea of high-altitude and low-multiple. The strong resistance above is at 3350, and the key support below is 3280-3275. The probability of breaking down in the short term is low.
🎯Operational suggestions: Go long on gold when it falls back to around 3280-3275, look at 3300 and 3320, and go short if the rebound pressure of 3320 is not broken.
XAUUSD Market OutlookMy current bias on XAUUSD remains bullish, as we are targeting the lower high (LH) around the 3,438 level. However, the market is currently in a pullback phase within the LH & LL. Price has entered an OTA level within a Daily Fair Value Gap (FVG), ranging between 3,370 and 3,333. This presents a potential opportunity for short setups as we move towards the 3,251 level.
On the 4-hour timeframe, there's a valid FVG Breaker near our Fibonacci-based OTA level, aligning closely with the 3,251 support zone. This is a key area to watch for bullish confirmations. Any long positions should ideally be considered from this zone.
Important Note:
When trading gold, patience and discipline are essential. Only act on clear, confirmed setups that align with your strategy. Quality over quantity always wins in the long run.