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The gold market fluctuated sideways. Waiting for a new trend?OANDA:XAUUSD During the Asian trading session, gold prices maintained a slight decline; in the early European trading, gold began to fall sharply, but it was still within the trend range expected by Quaid. Today, the initial value of the US real GDP in the first quarter of 2025 will be released, and it is expected to grow by 0.3% at an annualized quarterly rate, after a strong growth of 2.4% in the fourth quarter of 2024. If the world's largest economy unexpectedly shrinks, it will re-ignite bets on a sharp interest rate cut by the Federal Reserve. And this data will boost the upward trend of gold. On the other hand, if the cooling of US economic growth is less than expected, it may bring a short-term relief to the overall market and the US dollar, which will continue to put gold under corrective downward pressure. However, traders will remain cautious before the release of US ADP employment data this week; this data will limit the reaction of gold prices to GDP data. US non-farm payrolls will help the market assess whether US tariffs have had a substantial impact on the labor market. Current trend analysis: The daily line closed negative, and it is still bearish today. At the same time, yesterday's decline encountered 3300 support. In this pattern, regardless of today's strength, short once and see how the European session trends. If the European session falls, short the US session; if the European session rises strongly, the US session may remain volatile. If the European session breaks the downward channel, the US session may continue to fall. Hi guys, if you want a solid trade, please wait for the US GDP data this morning. Quaid conducts gold trading after professional analysis.
OANDA:XAUUSD
by Quaid-1
No fear of retracement, continue to be long on goldFundamentals: 1. First, focus on Trump and the Fed’s dynamics; 2. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc. Technical aspects: Gold fell after touching 3330, but it is obvious that the retracement space of gold is being compressed. The lowest price of gold only fell back to 3313, and it did not even make any attempt below 3310. With the continuous consolidation and strengthening of the support in the 3310-3300 area, the double bottom structure and the arc bottom form a technical resonance in the short term. Gold should still have room to continue to rise. I expect that gold is likely to continue to rebound and extend to the 3350-3360 area. Trading strategy: It is possible to consider going long on gold again after gold falls back to the 3315-3305 area, and expect gold to rise above 3350 as expected!
OANDA:XAUUSDLong
by Steffen_Schade
Let’s continue to be long on gold and keep winning!Fundamentals: 1. Focus on the performance of US economic data and the dynamics of the Federal Reserve; Technical aspects: At present, gold has failed to fall below the key area of ​​3300 many times during the retracement process, further strengthening the short-term structural support and strengthening the market's recognition of the effectiveness of its structural support. Moreover, gold may still maintain a volatile market before the NFP market. Due to the cautious attitude of the market, it is difficult for a unilateral trend to appear before the NFP market. Short term trading strategies: As in the two recently updated trading views, the trading strategy of long gold in the 3310-3300 area is still effective! Looking forward to gold rebounding to 3325 or even higher!
OANDA:XAUUSDLong
by Steffen_Schade
Don’t be afraid of pullbacks, we can still go long on goldFundamentals: 1. First, pay attention to the dynamics of Trump and the Federal Reserve; 2. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran. Technical aspects: Compared with yesterday, although the bullish momentum is weak, it has not fallen below the support of the 3005-2995 area, and even failed to fall below 3000. In addition, as gold fluctuates and falls, there is a large amount of buying funds entering the market in the short term. In the recent short-term structure, gold has built a very obvious turning point near the 3300 area. Therefore, gold may still rebound to above 3330 before NFP. Short-term trading strategy: You can still consider continuing to go long on gold in the 3310-3300 area, TP: 3325-3335
OANDA:XAUUSDLong
by Steffen_Schade
Gold moves sideways ahead of US GDP news. What's next?OANDA:XAUUSD Optimism about US trade talks with major partners boosted risk appetite and supported the dollar. The US Treasury released a report that talks with India made good progress, while President Trump softened his rhetoric on China, which also boosted the dollar. Meanwhile, traders are on the sidelines ahead of the release of US first quarter GDP data. If the data is weak, gold as a safe haven asset may rise sharply. Therefore, the gold market remains sensitive to trade news and macro data, especially in the context of market rebalancing at the end of April. Currently, as part of the current momentum and correction, Quaid expects gold prices to rise from the 0.5-0.7 Fibonacci area. Gold prices may test 3325-3330 in the consolidation range and then resume the correction. Resistance: 3325, 3350, 3370 Support: 3290, 3270 Traders please wait for the resolution of the tariff dispute and the economic data to be released tomorrow. However, during price consolidation, Quaid expects the price to bounce off the support levels. If the price continues to squeeze towards any boundary, giving priority to the support level, the possibility of breaking out of the consolidation bottom may increase.
OANDA:XAUUSD
by Quaid-1
Gold plunged $36 during Asian trading hours. What's the reason?Spot gold suddenly fell sharply during the Asian session, and the current price of gold is around $3,310/ounce, a plunge of $36 during the day. In the optimistic market sentiment, the recovery of US dollar demand seems to put downward pressure on gold prices. Quaid believes that optimism about the possible progress in trade negotiations between the United States and its major trading partners supports risk appetite, boosts the performance of the US dollar against major currency competitors, and gold sellers are trying to regain control. The Wall Street Journal said that weakening the impact of auto tariffs is the latest concession of Trump's trade policy after market turmoil and fierce lobbying by companies and other countries. Looking ahead to this trading day, trade headlines and the re-adjustment of positions at the end of the month will play a key role in driving gold prices. Trading analysis: From a technical point of view, gold prices are currently trying to break down again after failing to confirm a break below the three-week rising channel on Monday. However, as the 14-day relative strength index is still above the midline, any decline in gold prices may be quickly bought. During Asian trading hours, gold must close at the rising trend line support of $3,300/oz to confirm a break below the rising channel. Long-term important support for gold prices is in the $3,260/oz area. If gold prices continue to fall below the above level, a new downward trend towards the $2,975 area will begin. If buyers defend the above channel support of $3,300/oz, a rebound to the static resistance of $3,370/oz will be inevitable. If gold prices continue to recover, the target will be $3,400/oz, followed by the historical high of $3,500/oz. The market is currently in a state of sideways fluctuations. I hope Quaid's analysis can help all traders understand the trend of gold in depth.
OANDA:XAUUSD
by Quaid-1
1
Gold's counterattack? Today's market analysisGold has repeatedly tested the 3260-3270 area to gain support. Gold has formed multiple bottom structures in the short term, so the short-term adjustment of gold may end. Gold has formed multiple bottom structures in the 1-hour, and the 1-hour moving average has also begun to gradually turn. If it can turn upward and form a golden cross, then the 1-hour bulls of gold will exert their strength again. Stimulated by risk aversion, gold in the U.S. market once again broke through and rose, and finally broke through Monday's high. Then the first-line suppression of gold near 3335 did not form effective resistance. When gold fell back in the Asian market, we first followed the trend and went long. Gold quickly bottomed out at 3320 first-line support in early trading and then rebounded quickly. Then gold should only be operated in the short term or go long on dips. Operation ideas: Short-term long: 3310-3315 long, stop loss 3300, target 3350-3370; Short-term short: 3350-3360 short, stop loss 3365, target, 3315-3310; Friends, don’t be afraid of missing the market, wait patiently for your own opportunity, the market will never neglect those who are prepared.
OANDA:XAUUSD
by Quaid-1
1
Be bold and short goldFundamentals: 1. Still need to pay attention to Trump's attitude towards tariffs; 2. Pay attention to whether the situation between India and Pakistan escalates; 3. At the same time, pay attention to the dynamics of the Federal Reserve, US-Iran negotiations, etc. Trading situation: Our last short position near 3297 happened to hit TP: 3287 during the decline of gold, and easily made a profit of 100pips in short-term trading; After gold fell below 3287, it rose sharply in the short term to around 3335. Although gold rose sharply in the short term, it still did not break away from the wide range of fluctuations. There are still many resistances above. First, it faces the short-term resistance area of ​​3340-3345, and secondly, it faces the resistance area of ​​3355-3365. Therefore, it is difficult for bulls to perform well before conquering this resistance area. There is still a possibility of testing the 3305-3295 zone again; Trading strategy: Short-term trading can still short gold in batches again in the 3325-3335 zone; TP: 3310-3300
OANDA:XAUUSDShort
by Steffen_Schade
Gold is trying to break through the upward channelGold started the new week on a bad note, hitting a low of 3260 in the morning, followed by a small shock adjustment; then it began to rise sharply. As of press time, it has risen to around 3350 and tried to break through the upward resistance. Although some of gold's safe-haven appeal has weakened, its overall forecast and price trend remain optimistic. Until we see clear lower highs, lower lows, and a solid trade agreement rather than more political bragging from the Trump administration, the possibility of gold setting new highs cannot be underestimated. Surface calm hides potential risks Although last week's market movements and today's early trading performance show that the market is calming down, any sense of security is fragile. Under the surface, key risks remain: trade tensions, recession concerns, and uncertainty about monetary policy are real. Ongoing trade negotiations remain a key factor. If the United States sticks to its position on tariffs or the negotiations break down, risk aversion may quickly pick up, boosting demand for gold again. Quaid's analysis: Based on last week's market situation, Quaid conducted an analysis of gold's trend this week over the weekend. As I predicted, gold is trying to break through and try a new high. Gold has risen to around 3350, and 3365 is a key resistance level in the upward trend. If the gold price breaks through this position and can maintain horizontal development, it will continue to rise in a stable situation. From the upside, the initial resistance level is $3365, followed by $3430. If the bullish momentum is restored, it may soon hit the historical high of $3500 again. On the contrary, if the price fails to break through the 3365 resistance level, Quaid believes that it is necessary to pay attention to the key support at the 3285 position.
OANDA:XAUUSD
by Quaid-1
Gold is expected to continue to retrace the 3235-3225 region.Fundamentals: 1. The tariff issue has been relatively eased, and Trump's repeated attitude towards tariffs has made the market bullish energy not firm; 2. A small-scale conflict broke out between India and Pakistan, which has not had a great impact on gold for the time being. It is necessary to pay attention to whether the situation will escalate; 3. At the same time, it is necessary to pay attention to the dynamics of the Federal Reserve, the Russia-Ukraine negotiations, the US-Iran negotiations, etc. Technical aspects: At present, gold is in a state of shock correction as a whole, but from the current structure, the rebound momentum of gold is insufficient, and the rebound high is gradually decreasing. The short-term support below is in the 3265-3260 zone; the short-term resistance above is at 3310-3320; if gold cannot stand above 3300 in the short term, gold may fall further and break through the 3265-3260 zone, and continue to the 3235-3225 zone. Trading strategy: Short-term trading is still mainly shorting gold after the rebound. You can use the 3300-3320 area as resistance and short gold in batches Trading target: Profit target this week: ≥$30K; OANDA:XAUUSD CAPITALCOM:GOLD FOREXCOM:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by Steffen_Schade
Gold market, further decline is likelyOANDA:XAUUSD Continue to test the support level of 3270 points, looking for a breakthrough. Any easing of the Sino-US conflict may trigger a price drop. But things are not so simple. The Chinese Ministry of Foreign Affairs issued a statement: China and the United States have not discussed or negotiated on the issue of tariffs. Gold prices are under pressure before the tariff war and the release of US data. International situation: Russia issued a statement on a truce; and Ukraine issued a statement: If Russia really wants to achieve peace, it must immediately cease fire. If the two sides formally sign a truce agreement, the safe-haven demand for gold may also be greatly reduced. In the morning, gold prices tested last week's low of $3260, and the strengthening of the US dollar and the possible easing of Sino-US trade risks put gold prices under pressure. Traders are waiting for the release of key US GDP and labor market data, which may affect the Fed's interest rate expectations. In this context, if macro statistics are weak and geopolitical risks remain, the correction in gold prices may be replaced by growth. Another test of the support level may trigger a breakthrough. It is necessary to pay attention to the situation between China and the United States. Any easing of the situation will trigger a decline in gold. Upward resistance: 3300, 3325 Downward support: 3265, 3245, 3230 The possibility of further decline in gold prices has been exhausted since the opening. Gold prices may strengthen to the above resistance levels. A false breakout of 3300/3325 may trigger a decline, which may bring gold prices closer to the support level of 3270.
OANDA:XAUUSD
by Quaid-1
4/28 Gold Trading SignalsLast Friday, gold retested the 3260 support zone for the second time. After confirming support, prices began to climb steadily, and our low-entry long positions have already delivered impressive returns. From a technical perspective, the broader structure still resembles a head-and-shoulders pattern, but recently, a double-bottom pattern has formed around the right shoulder, signaling an intense battle between bulls and bears—mainly influenced by geopolitical tensions. Here, I would like to propose a bold yet speculative thought: Could the current turmoil possibly lead to a regime change for Trump, or trigger massive nationwide protests? If such scenarios unfold, it would likely be extremely bullish for gold, potentially pushing prices toward 4000. On the other hand, if Trump softens his trade policies under pressure, it would be bearish for gold, making a decline toward 2800 highly probable. Of course, this is purely my personal speculation, and I don't claim deep expertise in international politics. Focusing back on the technicals: The 3260 support is critical. A breakdown could see prices moving toward the 3245–3213 range, or even lower toward around 3190. Any rebound from there should be carefully watched near the 3260 resistance; failure to break above would suggest a potential further drop toward 3153–3137. If the double-bottom pattern holds firmly, a return to above 3400 this week is highly likely. 🔥 Today's Trading Plan: Sell zone: 3407–3418 Buy zone: 3273–3241 Scalping zones: 3288–3323 / 3386–3344 Manage your positions wisely and stay flexible!
FOREXCOM:XAUUSDLong
by China_MsWang
Tariffs have not eased. How will gold trend in the future?Spot gold fell nearly 1% on Friday to close at 3316.26. Earlier this week, gold rose to a record high of 3500. After Trump's statement on tariffs eased, the market rose to 3500 and investors chose to close their long positions. The lowest gold price this week fell to around 3260. At the moment when tariffs are deadlocked, any remarks made by Trump on tariffs have not reduced the risk of the market, but increased the uncertainty of the market. Next week, the gold market will usher in the World Gold Council's first quarter "Gold Demand Trends" report. In addition, next week's gathering of Trump's 100th day in office may become an important window for gold prices to choose to test the 3500 mark again or continue to fall from 3300. This week, the international gold price as a whole showed a high and then fell, with the opening price at $3332.96, the highest price at $3499.92, the lowest price at $3260.2, and the closing price at $3316.2. After such a pattern appears, it indicates that the gold cycle will face violent fluctuations. Quide's analysis: If international news helps short selling, it is possible for gold to fall to 3100 or fall below 3000. Therefore, we should remain vigilant next week and pay close attention to the geopolitical situation and news such as tariffs, so as to make a buying or selling decision for next week. At present, the Bollinger Bands continue to close, and the short-term market continues to maintain a range consolidation until the Bollinger Bands reopen and choose a new direction. Before the upward and downward ranges are broken, the intraday short-term operation adopts the range high-altitude low-multiple operation. There is currently no international news and comments that can analyze the trading signals for next week; Quide will pay attention to news and comments that may affect the trend of the gold market at any time, so as to bring analysis and strategies to everyone at any time. Every calm analysis by Quaid is a step towards success. In the gold market, please trust Quaid's professional analysis. It can help you stand at the top of the gold trading market.
OANDA:XAUUSD
by Quaid-1
Will the gold market cool down after the easing of tariffs betweIf you want to use one word to describe the performance of the global financial market in the 2025 quarter, then in addition to the roller coaster, there is another word that will be particularly applicable: "safe haven is king". After Trump launched the tariff storm, this directly pushed the gold price to a historical high, setting the strongest quarterly performance since 1986; and the increase in tariffs led to frequent surges in gold, and after the tariffs were eased, gold also experienced a sharp correction, and this week's gold market was very lively. The price of gold is like a roller coaster ride, making countless investors love and hate it. Quaid's analysis: Gold is adjusted in the short term, and it is still bullish in the long term. In the short term, the US has a high voice for trade negotiations, the market risk appetite has rebounded, and Trump has forced the Federal Reserve to slow down. The independence of the Federal Reserve has been temporarily maintained. The short-term upward trend of gold prices may be weak, and the medium- and long-term bullish trend has not changed. The price adjustment space is also limited. In the short term, it is expected that the gold price will be mainly volatile and consolidated. Continue to pay attention to the progress of Sino-US trade negotiations and Trump's policy trends. The long-term bullish view remains unchanged; the expectation of stagflation in the United States and the increase in the probability of recession if the Federal Reserve continues not to cut interest rates are the logic of medium-term bullish gold, and the continued cycle of US dollar credit contraction is the core support for long-term bullish gold. There is no international explosive news for the weekend, and Donald Trump has not made any radical remarks for the time being. Quaid has no operational suggestions for the time being, and can only analyze based on the market trading situation this week. I hope to help everyone understand the current market situation and long-term analysis. Quaid will continue to pay attention to international news and Mr. President's remarks in order to bring you real-time market analysis and suggestions at any time.
OANDA:XAUUSD
by Quaid-1
1
GOLD → Gold Market Forecast and AnalysisFor most of the period from 2025 to now, gold prices have risen almost continuously, hitting new all-time highs. Since October 2022, gold prices have almost doubled, rising by more than 25% in 2025 alone, reaching a new all-time high of $3,500 per ounce on April 22. The $4,000 price level, once considered untouchable, is now openly discussed in trading halls around the world. The easing of global tensions, especially between the United States and China or in Eastern Europe, could significantly reduce safe-haven demand. While this is not the base case for 2025, it is still an unexpected risk that traders must consider. In fact, gold prices have retreated from recent highs after US President Trump hinted that tariffs on China might be reduced. The sharp rise in gold prices increases the possibility of a correction. If the upward momentum slows, profit-taking could trigger a rapid and violent sell-off. As with any parabolic rise, volatility is inevitable; prices often experience a short-term downward trend before setting new all-time highs. Traders with short-term strategies should be aware of such price declines and practice risk management: avoid large trades, set stop-losses, and diversify their portfolios. Quaid wants to say: Opportunities always come to those who dare to act. Be bold in the gold market, and the next winner will be you, my friend.
OANDA:XAUUSD
by Quaid-1
Will a false breakdown in support lead to growth?The current trading range is 3275-3290. Since the opening, the price has been fluctuating in a small range. There was no news on Friday, so the price may regain its upward momentum after retesting the liquidity and support area of ​​3270-3285. Gold prices are currently stable around $3280, but the US dollar has curbed the rise of gold prices. Gold prices have held their ground after recovering, but the strengthening of the US dollar and hopes for progress in tariff war negotiations have limited further gains in gold prices… Optimism about US corporate earnings and fears of a recession are easing, supporting demand for the US dollar. However, the continued uncertainty in Sino-US relations has kept interest in gold strong. The market is waiting for new signals from the White House and the Federal Reserve, which will determine the further trend of gold prices. Focus on the support trading range. A false break of 3270 could change the balance of power, leading to a rebound or growth. No news today, except for the unpredictable situation of Trump and the tariff war in general. Any speech or tweet could shake the market. However, gold prices remain range-bound after a lackluster week. Quaid recommended: The market fluctuates sideways today. You can try short-term trading. Look at 10 points for each upward callback and perform scalping transactions in this range.
OANDA:XAUUSD
by Quaid-1
Gold’s Wednesday highs and lows will determine next moveGold continues to consolidate after retreating from the resistance zone. It has consistently followed the downtrend line and repeatedly bounced lower from this resistance level. The market recently formed a triangle pattern and broke out of it, but notably, it did not trigger a massive sell-off. Currently, price action is testing the previous day’s low. However, I think the price could retest Wednesday’s low as the price is currently trading within Wednesday’s range. This has formed a “K” pattern on the daily chart, indicating that the next decisive move will occur after a breakout of Wednesday’s low or high. Overall, I expect the sideways movement to continue into next week and keep an eye on these key levels for potential signals. My target is the resistance zone near 3355.
OANDA:XAUUSD
by Quaid-1
Gold was suddenly sold off violently. Gold price plummeted?Spot gold suddenly fell sharply during the Asian session, and the current gold price was around $3,307/ounce at the end of the session, a plunge of more than $40 on the day. Gold prices turned lower during the day as hopes of a trade deal between China and the United States weakened safe-haven assets. The positive risk tone weakened the demand for safe-haven assets. In addition, optimistic US macroeconomic data this week supported the dollar, which also hit gold prices. However, geopolitical uncertainty and bets on the Fed's rate cuts should help gold's decline. Quaid analysis: Gold prices are currently supported near the $3,300/ounce mark, which is also the 38.2% Fibonacci retracement level of gold's latest round of gains from this month's lows. On the downside: Once gold falls below the $3,300/oz mark, the next support for gold is the weekly low near the $3,260/oz area; if it falls below the above area, gold prices may accelerate their decline and fall to the 50% retracement level and eventually fall to the $3,200/oz mark. Some subsequent selling will indicate that gold has peaked and shift the short-term bias in favor of bearish traders. On the upside: Gold resistance is near the $3,368-3,370/oz area, which should now be a key level. If it breaks through the above area, gold prices may return to the $3,400/oz mark. The subsequent rise may push gold prices further up to the $3,425-3,427/oz barrier. Once this barrier is overcome, bulls may retry to overcome the psychological $3,500/oz mark.
OANDA:XAUUSD
by Quaid-1
How will gold go? Analysis of the technical outlook for gold priSpot gold is basically stable after a sharp rise in the early Asian session, and the current price of gold is around $3,325/oz. Quaid believes that gold prices may show a consolidation trend in the next few days, but we are in a bull market and any significant decline will be taken over by buyers. From a technical perspective, gold prices rose in the morning, but they are still in a range. Technical indicators changed direction and moved higher within positive levels, gaining new momentum and supporting further gains in gold prices. At the same time, gold prices continue to develop above all of its moving averages, and the bullish 20-day simple moving average is currently around $3,182/oz, well above the bullish 100-day and 200-day moving averages. The 4-hour chart shows that gold prices are consolidating easily. Gold prices continue to trade below the mildly bearish 20-period SMA, which provides dynamic resistance near $3,370/oz, but the longer-term moving averages maintain a bullish slope at a level far below the current gold price. Finally, technical indicators remain directionless within negative levels. If gold prices break through the above 20-period SMA resistance, it should open the door for a more sustainable rebound in gold prices. Quaid comprehensively analyzes important support and resistance levels: Support: $3314/oz; $3301/oz; $3288/oz Resistance: $3358/oz; $3370/oz
OANDA:XAUUSD
by Quaid-1
Gold prices staged a "roller coaster" market, and the trade war In the early Asian session, spot gold showed a trend of rising and falling. The gold price reached a high of US$3370.58/ounce and then fell back to around the 3350 mark for consolidation. After experiencing a sharp drop of nearly 3%, the gold price ushered in a strong rebound, with a single-day increase of 1.83%, and finally closed at US$3348.50. This wave of rebound was mainly driven by the weakness of the US dollar and the entry of market bottom-fishing funds. The trade deadlock fell into a "Rashomon", and the rebound of the US dollar was blocked The current gold market is caught in a fierce game of long and short factors. The Asian power issued a solemn statement, emphasizing that if the US side really wants to solve the problem, all unilateral tariffs should be canceled immediately. This statement is in sharp contrast to the "negotiation signal" recently released by the White House, making the trade outlook more confusing. Affected by this, the US dollar index fell 0.61% to 99.29, while gold received strong support from safe-haven buying. Quaid believes that the gap between the positions of the United States and China on trade issues is as huge as the Pacific Ocean, and this uncertainty will continue to affect the market trend. The US dollar rebounded but was blocked. Although Trump's attitude eased and it strengthened briefly in the early stage, it showed signs of fatigue again in the morning. At the same time, the US stock market achieved three consecutive positive days, and the S&P 500 index rose by 2.03%, with technology stocks leading the gains. Quaid's analysis: Looking forward to the later period, high-level fluctuations may become the main theme, and traders need to grasp the rhythm. The current market presents a pattern: First, the uncertainty of the trade war. If the US insists on imposing new tariffs, the gold price may hit the $3,500 mark again; second, the suspense of the Fed's policy. Whether the May meeting will release a signal of interest rate cuts will become a key turning point; finally, the trend of the US dollar. If subsequent economic data continues to deteriorate, the US dollar index may fall below the 99 integer mark. Market operation strategies: Go long on a pullback of 3335, stop loss at 3330, look at 3380 Go short after rebounding at 3380, stop loss at 3390, and look at 3330
OANDA:XAUUSD
by Quaid-1
1