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Gold is falling wildly, is a key position coming?As of press time, spot gold has fallen wildly to below the support level of $3,300, having hit a record high of $3,500.05 the previous trading day. At present, gold has fallen more than 5% from its historical high, and the fundamentals seem to be changing. Quaid believes that gold has reached a key "turning point". After a strong rebound, the precious metal not only gave up all its gains, but also fell to a new low. The sharp rise in gold prices is mainly due to the market pricing of "stagflation" risks, but as this risk is gradually eliminated, gold may experience a significant correction, especially considering that "long gold" has become one of the most crowded trades in the market, and its parabolic rise is an obvious signal. From a larger cycle perspective, gold is still in an upward trend, because the real yield may continue to decline against the backdrop of the Fed's easing policy. But in the short term, if good news about tariffs continues to be released, gold prices may fall further, and the market will adjust according to the new environment. Daily chart analysis From the daily chart, gold has given up all of Monday's gains. From a risk management perspective, buyers may look for a more cost-effective entry position at 3290 in the hope of further gains, while sellers hope that prices can break further down, thereby increasing bearish bets. 4-hour chart analysis In the 4-hour chart, prices found support around 3300 and rebounded. Buyers intervened at this position and set risks below this support level in an attempt to push prices higher again. Sellers hope that prices fall below this level to push prices further down. Quaid's analysis: The current market is crazy. If it can fluctuate and adjust around the 3300 support level, the downward trend will stop and it may rise to 3400. If this support level fluctuates and falls, it may plummet to around 3150. Traders can wait and see for a short period of time before trading. I hope Quid's analysis can help you get out of your current predicament. I also wish that all traders can fight for their own money waves in the market and achieve financial freedom under Quaid’s advice and analysis.
OANDA:XAUUSD
by Quaid-1
Gold falls from highs, medium-term bullish structure remains uncSpot gold prices continue to fall, extending the correction of the psychological level of $3,500. At the same time, senior Trump administration officials hinted that they are "paving the way" for a trade agreement with Asian powers, further boosting investors' confidence in the global economic outlook, thereby weakening demand for safe-haven gold. Fed policy expectations still support gold's downward space. Despite improved risk sentiment, the market still expects the Fed to launch a new round of interest rate cuts in June, with three rate cuts expected throughout the year, which makes gold's medium-term trend still optimistic. At present, weak US economic data and the president's erratic trade policy have further suppressed investors' confidence in US dollar assets. Quaid believes that the market's expectations for the Fed's interest rate cuts have supported the structural upward trend of gold, even if it faces a technical correction in the short term. Technical aspects show that gold may adjust in the short term, but the support below is strong. Quaid's analysis: The current adjustment pressure faced by gold comes more from short-term market sentiment repair and technical profit-taking, but the medium- and long-term fundamentals are still strong. The Fed's interest rate cut expectations have not changed, the US dollar has a clear medium-term weakening trend, and geopolitical factors are still highly uncertain. Gold is still in a bull-dominated pattern overall. Operation strategy: 3325 long, stop loss 3315, take profit 3350. If it stops rising at 3350, traders can flip the operation strategy and short at this position.
OANDA:XAUUSDLong
by Quaid-1
1
The president's words instantly changed the gold market 📌 Driving events Today, Wednesday, Trump said that although he was frustrated that the Federal Reserve had not been able to lower interest rates faster, he had no intention of firing Federal Reserve Chairman Powell. The remarks marked a huge shift in Trump's attitude. He has recently stepped up his criticism of Powell and refused to rule out the possibility of taking the unprecedented step of firing Powell. After Trump said he had no intention of firing Powell, the situation between Russia and Ukraine slowed down, and the market's optimism about the possible easing of trade tensions heated up, U.S. stock index futures soared and the dollar strengthened. Asian spot gold opened directly at a gap down on Wednesday, and then the decline widened further, reaching a low of $3,293. It is only $10 away from the 3,283 support line I predicted before. 📊Comment analysis Gold has some signs of a head and shoulders top, and the current shoulder position is almost here at 3,340-50. So, if there is a chance to pull back to 3,340-50 next. The support line is still around 3282. Be sure to enter the market and short without hesitation. 💰Strategy Package Short position: Actively participate at 3350 points, profit target is around 3290 points ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSDShort
by Labaron
1
(XAU/USD) 1H Chart – Bullish Reversal Setup from RBS + RBR Zone1. Current Price: $3,317.27 ● Price is currently in a downtrend after a recent high. ● EMA (9) is at $3,333.80 — acting as dynamic resistance. ⚠️ Watch for potential reversal! 2. Support Zone: 📦 Blue box marked as "RBS + RBR zone!" ● This is a key support area where price might bounce. ● RBS = Resistance Becomes Support ● RBR = Rally-Base-Rally ● Expecting buyers to step in here. 3. Trade Idea: ● Buy near $3,280 - $3,270 (inside the support box) ● Stop Loss: ❌ Below $3,258.00 ● Target: 🎯 $3,500.13 4. Risk-Reward Ratio: ● Target: 🟦 +205.62 points (6.25%) ● Stop: 🔻 Small risk below support ● Good R:R setup if price respects the zone! Scenario Summary 📉 Price is retracing ⬇️ Approaching strong support zone 📈 Possible bounce to $3,500 ✅ High-probability reversal area ❗ Manage risk with tight stop below zone
FOREXCOM:XAUUSDLong
by Jameshead007
10
Gold: Building Momentum for a SurgeThere has been a remarkable negative correlation between DXY and gold prices for a long time. Although this internal logic is short-term disturbed by multiple complex factors, the core correlation has always dominated the market rhythm. Recently, the joint remarks by the U.S. Treasury Secretary and Trump on easing tariff issues may boost the U.S. dollar emotionally in the short term, thereby suppressing the bullish momentum of gold. However, this impact needs to be examined within the macro framework. Currently, the high uncertainty of the global economy, the intermittent escalation of geopolitical risks, and the reconstruction of inflation expectations in some economies jointly form a long-term supporting logic for the safe-haven attribute of gold. From a trading perspective, the above-mentioned short-term disturbances instead provide a window for strategic allocation — long-term investors who have not yet positioned or exited midway can take the opportunity of market sentiment fluctuations to build positions in batches, with key attention paid to the test opportunities of the critical support range of $3,250-$3,280 short-term traders need to strengthen discipline and strictly follow the established stop-loss and take-profit rules. Given the amplified volatility and enhanced randomness of the current market, it is recommended to appropriately shorten the operation cycle and closely track the intraday dynamics to adjust strategies. Overall, the marginal changes in tariff policy expectations only constitute small-level fluctuations in the trend process, and the medium-to-long-term upward logic of gold remains undamaged. Investors can grasp structural opportunities under the premise of controlling positions according to their own risk preferences. XAUUSD buy@3250-3280 tp:3300-3340 I hope this strategy will be helpful to you. When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
OANDA:XAUUSD
by H_C_12
Gold operation strategy, how to grasp the ups and downs of the mAt the end of the Asian market, spot gold maintained a sharp decline in the day. The current gold price is around $3,305/ounce, and it plummeted during the day. Gold prices fluctuated this week, hitting a record high of $3,500/ounce, and then encountered resistance and fell to the $3,300/ounce level. The main reason for the record high in gold prices was that the market was worried that the Federal Reserve would lose its independence after US President Trump verbally attacked Federal Reserve Chairman Powell. US President Trump said on Tuesday evening local time that he had no intention of firing Federal Reserve Chairman Powell. Trump also said that tariffs on Chinese imports would be "substantially" reduced from the current 145%. Quaid believes that the hope of easing Sino-US trade tensions has driven a positive shift in risk sentiment and a recovery in the US dollar. Investors used this as an excuse to take profits on their gold long positions. Latest trading analysis: The gold daily chart shows that the 14-day relative strength index (RSI) has fallen back from the overbought area to the bullish area. The latest decline in this leading indicator supports a new round of decline in gold prices. However, as long as gold prices can hold the $3,300/oz level, gold buyers still have hope. If the gold correction deepens, gold prices may challenge the 21-day simple moving average (SMA) of $3,163/oz. Before that, the $3,200/oz mark may provide some support for buyers. On the other hand, if the upward trend resumes, gold prices may re-break through $3,400/oz and then aim for the historical high of $3,500/oz. Gold has been volatile recently. If traders are not doing well in gold operations at present, I hope Quaid's analysis can make your investment smooth. Welcome all traders to communicate.
OANDA:XAUUSD
by Quaid-1
1
Gold Madness –5k Pips in 10 Days,drop almost 2k after. Now What?The last 10 trading days in Gold can be summed up in just one word: madness. Back on April 9, the price was still under 3000 – yesterday it kissed 3500, marking an explosive 5000-pip rally in less than two weeks. That’s over 15% gain in no time! 🔙 As I mentioned in yesterday’s educational post , even though I expected a major correction, the lack of a clear stop loss setup made me choose the safest option: staying out. Well, Gold did what it does best – surprise. Just before reaching a new all-time high, price reversed and at the time of writing, it has already dropped over 1600 pips from the peak. 📉 From a technical perspective, there are some important developments: - Price has broken below the rising trendline, signaling a potential shift on short term - Now, it's heading towards the 3250 support zone, which is aligned with the 50% Fibonacci retracement of the recent rally. - This area could become a battleground – if bulls step in, we might see another bounce. 💡 Trading Plan: From the selling side, the only potential setup I see is around 3450, but with a huge stop loss, making it less attractive. On the buy side, I’ll be watching the 3250 level closely. If price action shows strength there, I may consider entering long – but only if the market conditions align properly. Until then, I’m observing from the sidelines. No FOMO – just disciplined strategy. 🚀 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSD
by Mihai_Iacob
2
Gold price plunged nearly $200. The signal of cooling down the tIn the early Asian session on Wednesday, spot gold opened nearly $40 lower and hit $3,313.51 per ounce, down nearly $200 from the historical high of 3,500 hit on Tuesday. Because U.S. Treasury Secretary Benson hinted that international trade tensions would ease, which stimulated optimism in the stock market and boosted the dollar to a near one-week high; spot gold closed down 1.2% on Tuesday, closing at $3,380.95 per ounce. Bob Haberkorn, senior market strategist at RJO Futures, said: The latest remarks suggest that the trade war with the Asian giant may ease, but this is the time to start selling. After Benson said that the tariff deadlock was unsustainable, the U.S. stock market rose by more than 2%, suppressing the safe-haven buying demand for gold, and the rebound of the U.S. dollar also suppressed the price of gold. Quaid believes that its roller coaster trend is still continuing. I hope traders will pay attention to the speeches of several Fed officials later this week, hoping to find clues to future monetary policy at a time when people are worried about the independence of the Fed. And I will analyze it for you as soon as possible and give you reasonable suggestions. Current strategy: Relative to the market situation: as long as the price can continue to rise, it means that the current situation is just a volatile market, not a peak retracement, which is also a feature of the volatile trend; at the same time, the current market is not extremely strong after a sharp drop, and it is still in a volatile rise; therefore, do not go long, but go long after the retracement support.
OANDA:XAUUSD
by Quaid-1
Gold: Beware of the Impending Mid-to-Long Term Bearish Trend💥 Post-market surprise news shook the gold market: About a week ago, Trump publicly hinted at “considering firing” Powell. But just after today’s market close, he suddenly walked it back, saying he “never thought about it.” At the same time, he dropped signals of easing trade tensions — this combo crushed gold’s safe-haven sentiment, causing a gap-down open that nearly broke below 3300! 🗣 Looks like Trump might be happily trading gold himself! 😂 Now, gold has recovered most of that drop and filled the gap, so this round of quick rebound profits is mostly over. 📉 What’s next? Strategy outlook: 🔺 Short-term resistance to watch: Key level at 3400 If broken, 3420–3440 is a strong short-entry zone If price pushes further, consider scaling into shorts between $3440–3540, targeting $3268 🔻 Short-term support: A gap still exists around 3313 If price fails to break above 3440, apart from shorting near 3420, watch for buying opportunities near 3300 📉 Mid-term view: If gold climbs past 3440 again this week and holds, expect a mid-term correction Mid-term targets: 3190–3128 A drop below 3000 is not out of the question — the rally from 2000 to 3500 is simply too steep! 🧭 In summary: The rebound opportunity is nearly over. Don’t chase blindly at these highs — the market is entering a highly volatile decision zone. We could be looking at bull traps followed by a meaningful correction. 🎯 Long positions — manage your rhythm! If price shows signs of exhaustion or stalls in the 3400–3440 zone, 🔔 Take profits promptly to avoid giving gains back! If a clear breakout fails, it’s time to switch back to shorts and follow the trend.
FOREXCOM:XAUUSDShort
by Trading_King_Arthur
Gold adjusts at a high level, continues to be short on rebound Gold risk aversion eased, and gold fell directly. After gold fills the gap, if gold cannot continue to rise, then the gold shorts will continue to exert their strength. The current gap resistance of gold is at 3382, but the market is volatile now. If the gap is filled, gold may have momentum to repair in the short term, so you can pay attention to the suppression of 3400. Trading ideas: Short gold near 3400, stop loss 3410, target 3370
TVC:GOLDShort
by MabelLew
4/22 Gold Trading StrategyGold continued its upward movement yesterday. Short positions around 3380 yielded limited gains, while those near 3410 are currently underwater. Many traders may be in a similar position, and I want to emphasize: there’s no need to panic—today offers a strong opportunity for the bears. Technically, gold is now in the final stage of a five-wave upward structure . The bullish momentum is fading. The remaining upside is likely limited to within $50 , while the downside potential could exceed $80. In short, there’s an 80%+ chance of a pullback or consolidation today, offering a solid exit or profit opportunity for short positions. The price is expected to retrace below 3360, and once profit-taking begins, the decline may accelerate. Trading Strategy for Today: Sell between 3450–3480 Buy between 3330–3310 Trade flexibly within 3440–3400 / 3410–3355
FOREXCOM:XAUUSDShort
by China_MsWang
3
Gold: Bearish, may fall below 3300📊 Yesterday, gold resumed its bullish move after a minor pullback, breaking through the 3400 level and reaching around 3440 during today’s early session, before starting to retrace. 📉 In the chart I shared yesterday, the black line represents the key bull-bear boundary. The current price has already broken below this level, and if it fails to reclaim it, the trend may shift toward bearish in the short term. 📌 Key support levels to watch: First support: 3383 Next support: 3350 If selling intensifies, there’s a real chance price may break below 3300
FOREXCOM:XAUUSDShort
by Trading_King_Arthur
(XAU/USD) Bullish Setup: Demand Zone Bounce with 5.89% Trgt Ptnl🔵 Current Price: $3,451.03 🟡 EMA (9): $3,457.20 🔻 Price is just below EMA — short-term pressure. Zones & Key Levels: 🟦 Demand Zone: 🔽 Price bounced here before — strong buyer interest! 📍 Zone Range: * Top: $3,442.38 * Bottom (Stop Loss): $3,395.87 * 🔴 Stop Loss set here to limit risk. 🟨 Entry Point: * Entry suggested at $3,457.20 * Just above the current price and EMA — needs confirmation * ⚠️ Wait for bullish candle or price action signal above EMA 🟩 Target Point: 🎯 Target: $3,645 * 📈 Potential gain: +202.78 pts (5.89% upside) * 🚀 Aiming to break previous ATH (All-Time High) Visual Trade Plan Summary: * ✅ Buy Entry: $3,457.20 * ❌ Stop Loss: $3,395.87 * 🎯 Target: $3,645.00 * ⚖️ Risk-to-Reward: Solid, over 3:1 Sentiment: * If price respects demand zone and reclaims EMA — bullish setup * 🕵️‍♂️ Watch for volume or confirmation candle near entry
FOREXCOM:XAUUSDLong
by Jameshead007
2
Gold hits a new high. Will it have no ceiling?Analysis of gold trend: Spot gold continued to rise in early Asian trading on Tuesday. Fundamentals: On Monday, the US dollar index plunged to its lowest level in three years as Trump's remarks on Powell undermined investor confidence in US assets. The United States plans to impose new tariffs on solar products imported from Southeast Asia, and Trump's approval rating has dropped to the lowest since returning to the White House. Risk aversion has increased, and gold prices have strengthened significantly. The current global trade tensions will continue, and concerns about economic growth, inflation expectations, etc. will continue to support gold prices. Technically: From a technical perspective, it is difficult to see such a large upside, and in this uptrend, there is basically no room for adjustment. Therefore, it is difficult to keep up with the rise of this bullish trend. Gold does not guess the top in the bullish cycle, as long as it can give a decline, it is an opportunity to go long. From the daily chart, the big positive line in the daily K-line is pulled up, and the trend is mainly broken; the shape is bullish; the golden cross of the stochastic indicator suggests that the bulls have not ended; the MACD double lines are upward, which is the main bullish signal; the short-term 4-hour level, the current 5-day moving average support has moved up to the 3438 line, which is also the bullish support level after the normal adjustment of the market. It should be difficult to give a very strong trend, so you should be flexible in operation. Don't look at the serious divergence of MACD and the serious overbought of RSI for the time being, and you can't help but short it. Quide's analysis: The current market rise is all due to tariffs, and the technical aspect has no great reference significance. As long as the tariffs are not relaxed, gold will be difficult to pull back. Today's gold rise is expected to rush to 3,500 US dollars. Further look at 3,520-3,550. I am Quide. Seeing my analysis strategy, no matter the past gains and losses, I hope that you can achieve investment breakthroughs with my help and turn every tide of the gold market into our wealth wave.
OANDA:XAUUSDLong
by Quaid-1
2
Gold is rising step by step, and the 3500 mark is in danger 📌 Driving events Geopolitical conflicts are escalating (such as the deterioration of the situation in the Middle East) US CPI data is lower than expected (85% year-on-year) 📊 Comments and analysis Although gold has experienced a correction, the price of gold has quickly risen strongly, and the positive fundamentals have pushed the market to set new historical highs. As of the end of the Asian market, today's gold trend is almost a replica of yesterday (the gold price continued to rise from the Asian market to the US market on Monday). What is a bull market? It is to break the cognition of most people, and the rise makes people doubt their lives. Not seeing it does not mean that it does not exist. Empiricists are destined to be eliminated. The underlying logic of the rise in gold during the financial crisis in 2008 and the rise in gold this year has long changed. 💰Strategy Package Long position: Actively participate at 3470 points, profit target is above 3500 points ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDLong
by Labaron
1
Risk aversion drives gold surging wildlyGold opened at $3,332 and closed at $3,424 yesterday, surging $92 throughout the day. The daily K-line formed a large bullish candle with minor upper and lower shadows, marking a nearly 3% gain and demonstrating a strong upward momentum. Trump criticized Federal Reserve Chair Powell via social media, calling him a "big failure" and demanding immediate rate cuts, which intensified market uncertainty about the Fed's monetary policy and pushed the DXY lower. The U.S. plan to impose new tariffs on solar products imported from Cambodia, Malaysia and other countries, combined with the long-term uncertainty of its comprehensive tariff policies, has fueled global risk aversion. Investors are withdrawing from U.S. dollar assets and turning to gold for hedging, serving as the core driver behind the sharp gold rally. Overall, gold maintains a bullish trend in the long, medium and short terms, but short-term overbought correction risks need to be watched out for in technicals. It is recommended to focus on buying on dips, paying close attention to the retracement confirmation opportunity at the short-term support level of $3,440. Meanwhile, set reasonable take-profit and stop-loss levels to avoid volatility risks from chasing highs. XAUUSD buy@3440-3450-3460 tp:3480-3490-3500 I hope this strategy will be helpful to you. When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
OANDA:XAUUSD
by H_C_12
Gold Weekly Outlook: Strong Upward Trend, Continue to Go LongThere is no analysis to be made on gold at present, basically all longs are made, this bull market has to be said to be too crazy. Since gold started to rise from the low point of 2956, except for two normal adjustments in the middle, the price of gold has maintained a strong upward trend relying on the MA5 moving average for most of the time. This trend characteristic shows that in a shorter period, the MA5 moving average has become an important support line for the rise in gold prices. As long as the price runs above the MA5 moving average, the bulls will dominate. At present, 3500 is about to arrive in a flash, it is just a matter of time. The current market depends on everyone's courage. If you go in with a long order, you will definitely make a profit, and it is very easy, with basically no callback. And any callback is an opportunity. In terms of operation, you can continue to go long relying on the short-term moving average MA5. Just like the analysis in Quaid's previous article, you can boldly believe that it can reach the new height you think. Believe in Quaid, believe in yourself, brother, you can do it. I am Quaid. After seeing my analysis strategy, no matter your past gains and losses, I hope that you can achieve an investment breakthrough with my help and turn every tide in the gold market into our wealth wave.
OANDA:XAUUSDLong
by Quaid-1
1
New peak of $3,520! Waiting for gold price to reach. New peak of $3,520! Six major events this week detonated gold prices, waiting for gold prices to hit 📌 Driving events 1. Geopolitical black swans fly frequently The tariff war between China, the United States and Europe has escalated comprehensively. The United States has imposed a 104% tariff on China (involving rare earths, semiconductors and other fields), and the European Union has implemented a 21 billion euro retaliatory tariff. The World Bank predicts that global GDP growth may fall by 1.8%. The situation in the Middle East continues to deteriorate. After the breakdown of the US-Iran nuclear negotiations, Israel launched an air strike on Iran's nuclear facilities, pushing gold to rise by more than 3% in a single day. Historical data shows that the average increase in gold during geopolitical crises can reach more than 20%. 2. The Federal Reserve may change its coach US President Donald Trump once again criticized Federal Reserve Chairman Jerome Powell, exacerbating concerns about the independence of the central bank, which has exacerbated uncertainty. Reports that the US government is exploring legal means to remove Powell will only deepen market uneasiness and enhance the attractiveness of gold as a tool to hedge policy and economic instability risks. 3. Global central bank gold purchases hit a record high In 2024, global central bank gold reserves reached 4,974 tons, and China increased its holdings to 73.7 million ounces for 20 consecutive months (accounting for 4.9%). From January to April 2025, the central bank's net gold purchases exceeded 420 tons, accounting for more than 25% of the annual demand. After China's insurance funds enter the market, it is expected that 255 tons of new demand will be added each year. 4. Gold ETF funds are pouring in In the first quarter, global gold ETF funds inflow exceeded US$5 billion, and SPDR's daily inflow reached 226.5 tons (a three-year high). The asset management scale of domestic gold ETFs exceeded 101 billion yuan, and the holdings increased to 138 tons. The holdings of post-00 investors surged by 300%. 5. Inflation and stagflation expectations are rising The US CPI rose 3.5% year-on-year in March, and the core PCE price index hit a 32-year high. The risk of economic "stagflation" strengthened the anti-inflation properties of gold. Citigroup's model shows that if inflation is higher than 3% for a long time, the probability of gold price breaking through $3,500 is over 60%. 6. Technical breakthrough triggers resonance After spot gold broke through the key resistance level of $3,250, it triggered programmatic buying, and speculative long positions accounted for 67%. COMEX gold futures open interest surged 18%, and the premium of the main Shanghai gold contract expanded to 5 yuan/gram, reflecting the strong bullish sentiment in the market. 📊Comment Analysis Geopolitical tensions, rising prices, trade tensions, gold prices benefit 💰Strategy Package Long positions: Actively participate at 3480-90 points, profit target above 3510-20 points Short positions: Actively participate at 3510-00 points, profit target below 3475-65 points ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDLong
by Labaron
2
Gold is now far away from the moving averageGold's 1-hour moving average continues to cross upward bullish divergence, and the gold bullish volume is still there. After breaking through 3400, gold has basically stabilized at 3400. Gold has also tested the support near 3405 several times in the US market. Gold continues to stabilize and rise. However, gold is now far away from the moving average, and we must always pay attention to the adjustment of the high position. Gold is watching the pressure around 3461
TVC:GOLDShort
by MabelLew
Gold at PRZ Again – Correction to $3,227 Possible!!!Gold ( OANDA:XAUUSD ) started to rise as I expected in the previous idea and created a new All-Time High(ATH) as usual . How long do you think the upward trend of Gold will continue!? ( Please give your reasons for the rise, I would appreciate it. ) Gold is trading near the Potential Reversal Zone(PRZ) and trying to break the Uptrend line . In terms of Elliott Wave theory , it appears that Gold has completed another 5-wave impulsive . Signs of the completion of the main wave 5 can be the presence of Regular Divergence(RD-) between Consecutive Peaks, and the break of the Uptrend line (validly) . I expect Gold to fall to $3,227 in the coming hours. Note: If Gold can move above $3,420, we can expect more pumps. Gold Analyze ( XAUUSD ), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
7