Today's rebound continues to be short!The logic behind the current rise and fall of gold has changed. The main factors for the previous crazy rise in gold and the decline at 3,500 were the tariff war, which has gradually turned from tension to relaxation. The latest news shows that the two sides are trying to contact each other to prepare for the next round of negotiations.
Later, we should focus on the Federal Reserve. Trump previously asked the Federal Reserve to cut interest rates to reduce the impact of the tariff war on the economy. Powell's resistance once made Trump want to change the chairman of the Federal Reserve. The big non-agricultural data on Friday was better than expected, which means that the time for the Federal Reserve to cut interest rates will be delayed, which is bad for the gold market. Therefore, gold may fall further at the beginning of next week.
On the other hand, after the world's largest gold ETF reduced its positions significantly since the peak of 3,500 on April 22, it has continued to reduce its positions slightly during this period, and there has been no obvious increase in positions, which reflects that gold has further bottoming out.
The daily line on Friday closed with a cross K, following three consecutive negatives. From a technical point of view, it is either a signal of continued decline or a reversal. Combined with the news data and the overall trend, the probability of continued decline is very high.
On the one hand, the rebound strength on the hourly and 4-hour charts is not strong, and the upward continuity is poor. The 100-day moving average is always under pressure to fall, and the trend is still bearish.
On the other hand, the adjustment on the daily and weekly lines has not yet ended, and the indicators show that there is still further decline. Next week, we should focus on the 618 golden section position of 3160. As for whether it can be the bottom position, in addition to the price point, it is also necessary to consider the K-line pattern comprehensively. We will talk about it next week.
Therefore, for gold on Monday, we can rely on the 3264-3268 line of pressure to continue shorting, and the limit of the pullback cannot exceed the 618 position of 3275, which is the watershed. The support below is 3222-3224, and if it breaks, it will hit the low point of 3201-3202, which may not be maintained.
Xauusdupdates
XAUUSD:It is the right time to go short at high levels.The price of gold has strongly surged to around $3,315, forming a key resistance level. Analyzing from both the technical perspective and market sentiment, the selling pressure above this price level is remarkable, and the risk of a short-term pullback has intensified. The current market structure indicates that placing short positions at this high level may effectively capture the profit-taking space during the price correction, which can be regarded as a sensible trading strategy.
XAUUSD
sell@3315-3320
tp:3300-3280
The price of gold has strongly surged to around $3,315, forming a key resistance level. Analyzing from both the technical perspective and market sentiment, the selling pressure above this price level is remarkable, and the risk of a short-term pullback has intensified. The current market structure indicates that placing short positions at this high level may effectively capture the profit-taking space during the price correction, which can be regarded as a sensible trading strategy.
Market Analysis: Gold Dips FurtherMarket Analysis: Gold Dips Further
Gold price started a fresh decline below $3,300.
Important Takeaways for Gold Price Analysis Today
- Gold price climbed higher towards the $3,350 zone before there was a sharp decline against the US Dollar.
- A key bearish trend line is forming with resistance near $3,270 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price climbed above the $3,250 resistance. The price even spiked above $3,300 before the bears appeared.
A high was formed near $3,352 before there was a fresh decline. There was a move below the $3,300 support level. The bears even pushed the price below the $3,250 support and the 50-hour simple moving average.
It tested the $3,200 zone. A low has formed near $3,203 and the price is now showing bearish signs. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the $3,352 swing high to the $3,203 low.
However, the bears are active below $3,270. Immediate resistance is near $3,270. There is also a key bearish trend line forming with resistance near $3,270.
The next major resistance is near the $3,295 zone and the 61.8% Fib retracement level of the downward move from the $3,352 swing high to the $3,203 low. The main resistance could be $3,352, above which the price could test the $3,400 resistance. The next major resistance is $3,500.
An upside break above the $3,500 resistance could send Gold price toward $3,550. Any more gains may perhaps set the pace for an increase toward the $3,620 level.
Initial support on the downside is near the $3,240 level. The first major support is near the $3,225 level. If there is a downside break below the $3,225 support, the price might decline further. In the stated case, the price might drop toward the $3,205 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Gold Bear Flag in Play – More Downside Ahead?Last week was a strong one for Gold bears, with price dropping sharply and reaching a low near the 3200 mark.
A normal recovery followed, but the bounce is now facing pressure below the 3270 level – a former support that has now turned into resistance.
Current price action is forming a bear flag, a classic continuation pattern. If we get a break back below 3250, this could trigger a new leg down, targeting the 3170 support zone.
My outlook remains bearish, and I’m continuing to sell rallies into resistance, expecting this bear flag to resolve to the downside.
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.
XAUUSD Today's strategySince breaking through the narrow trading range, the price of gold has entered a new round of fluctuations and is currently trading within the range of $3,200 to $3,272. Although the gold price has adjusted by approximately $300, this does not mean that the pullback market has come to an end.
From a technical perspective, within the 4-hour cycle, all moving averages are pressing downwards, forming strong resistance and continuously suppressing the upward movement of the gold price. At the same time, the gold price has repeatedly fallen under pressure after touching the downward trend line, indicating that the bearish force still dominates and the overall downward trend has not been reversed. If the resistance level of $3,272 continues to function effectively, it may be a more ideal trading strategy to place short positions at higher levels in the short term.
XAUUSD
sell@3272-3265
tp:3240-3230
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
Gold fluctuates widely; short-term trading analysis.In the morning of the Asian market, spot gold fluctuated slightly and is currently trading around $3,270/ounce, an increase of about 0.9%.
As Mr. Trump's latest statement hit the market's risk appetite, the price of gold rose rapidly in the short term. The current London gold price has reached $3,270/ounce, climbing nearly $30.
In addition, the market focus has turned to the Federal Reserve's May FOMC meeting on May 7. Although the market has priced in a standstill, Powell's latest remarks and press questions after his radical statement in April will attract high attention.
Asian market morning analysis:
Gold prices rebounded again in the morning of the Asian market. Quaid believes that if gold does not break through strongly, it will still fluctuate within the range, and the current bullish situation has not reversed. If gold continues to maintain its strength, it can resume the bullish trend. But it has not broken through for the time being, so the possibility of shorting is still very large.
Gold's 1-hour moving average continues to be in a downward short position, and there is still room for gold shorting; gold was under pressure at 3270 in the early stage and fell back, and the early rebound was under pressure at 3270 and continued to fall. Gold is still fluctuating within the range in 1 hour, and Quide believes that the short-selling trading strategy is still the main one.
Operation strategy:
Short-term operation: short at 3265, stop loss at 3280, and profit at 3250-3240.
I hope Quide's analysis can help all traders make profits in the gold market in time and harvest the first gold of the day.
XAU / GOLD🌟 GOLD: THE BIGGEST TRADE OF SUMMER 2025
XAU/USD Forecast
📈 PHASE 1: SHORT-TERM RALLY (after small correction to 3172$)
We expect a bounce toward the $3,789–$3,800 resistance zone.
🔴 PHASE 2: THE SHAKEOUT
May 27 SELL ZONE.
After May 27, the cycle flips.
Expect a violent correction, retracing into key support around $2,880–$2,970 or even lower.
🟢 PHASE 3: THE BUY ZONE — July 13 +/- few days.
Mid-July marks the ideal long-term entry into TVC:GOLD before the explosive move.
🚀 PHASE 4: THE BREAKOUT
Target: ATH above $4,000 by late summer
Yes, EUROTLX:4K + gold is coming — but only after the market resets.
Trend Analysis and Trading Tips for the Gold MarketThe market is deeply trapped in the tariff issue. US stocks and the US dollar are in urgent need of economic data to boost their performance. If the April NFP data is poor, it will trigger a selling spree in the market, and the risk of economic recession in the United States will increase. On the contrary, the significance of good NFP data far exceeds the data itself.
From a technical perspective, when the data is bearish, the upward pressure on the gold price doubles. Overall, it is highly likely that the April NFP data will be bearish for the gold price and drive it down. The fact that the gold price hit a low of nearly 3,220 yesterday also confirms this expectation. In addition, good data reduces the market's expectation of the Federal Reserve's interest rate cut. Since an interest rate cut by the Fed is bullish for the gold price, and vice versa.
The tariff issue is likely to cool down soon. Although it doesn't mean the end, it will still suppress the gold price. Recently, we have accurately grasped the gold market, attaching equal importance to fundamental and technical analysis. In the following period, the market will still fluctuate around fundamental news such as the tariff issue. If the NFP data exceeds expectations and the tariff issue takes a turn for the better, the risk aversion sentiment will fade away, and the gold price is highly likely to retrace. It is recommended not to rush to buy at a higher price next week.
I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
XAU/USD "The Gold" Metal Market Heist Plan (Scalping / Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Entry 📈 :
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🏁Buy entry above 3060
🏁Sell Entry below 3000
📌However, I recommended to place buy stop for bullish side and sell stop for bearish side.
Stop Loss 🛑:
🚩Thief SL placed at 3020 for Bullish Trade
🚩Thief SL placed at 3040 for Bearish Trade
Using the 30mins period, the recent / swing low or high level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
🏴☠️Bullish Robbers TP 3140 (or) Escape Before the Target
🏴☠️Bearish Robbers TP 2970 (or) Escape Before the Target
XAU/USD "Gold vs U.S Dollar" Metals Market Heist Plan is currently experiencing a neutral trend,., driven by several key factors.
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Gold Daily Sniper Plan - XAUUSD May 5th 💥 May 5 XAUUSD Sniper Plan – "Bulls Bounce, Bears Breathe – Who Takes the Next Shot?" 🎯📉
Gold is caught in a battlefield. After a textbook bounce from 3204, price is pushing into premium zones — but momentum is limping, and ISM Services PMI (4:00pm) could trigger the next major move.
Forget guessing. This is where levels speak louder than noise.
🧭 Market Overview
HTF Bias (D1–H4): Bullish macro trend, but pullback in play after rejection from 3500 ATH
LTF Flow (H1–M15): Bullish relief structure, but losing steam below key supply at 3315+
EMA Confluence (H1): EMA5 climbing above EMA21, but flat near 3260 — indecision zone
Liquidity: Sell-side liquidity rests below 3200. Buy stops are stacking above 3300.
🔥 Monday News Catalyst
🕔 4:00pm ISM Services PMI (USD)
Volatility expected. Strong data = dollar strength = possible Gold drop. Weak data = relief rally toward premium.
🎯 Sniper Entry Zones (With Logic)
🔻 Sell #1 – 3315–3325
📍 H1–H4 OB + FVG + equal highs above
🧠 Ideal for post-ISM spike rejection setup
🔻 Sell #2 – 3345–3355
📍 Final OB before last lower high + clean imbalance
🎯 SL: 3360 | TP1: 3315 | TP2: 3292 | TP3: 3268
🧠 Swing rejection setup if bulls overextend
🟢 Buy #1 – 3210–3220
📍 M15 OB + EQ + May 2 internal HL
🎯 SL: 3190 | TP1: 3244 | TP2: 3265 | TP3: 3290
🧠 Structure-based bounce zone with clean PA reaction
🟢 Buy #2 – 3175–3185
📍 LTF demand + FVG + RSI oversold sweep
🎯 SL: 3155 | TP1: 3210 | TP2: 3240 | TP3: 3268
🧠 Reactive area if NY flushes price before recovery
🗺 Key Levels to Watch
Level Meaning
3268–3275 Internal resistance + imbalance zone
3292–3300 Liquidity magnet pre-sell zone
3315–3325 Major rejection area
3345–3355 HTF supply & final trap
3210–3220 Primary bounce zone
3175–3185 Trap setup + liquidity sweep zone
3050–3075 HTF OB → swing buy only
👁🗨 Eyes On:
Rejection from 3315 = sniper short entry zone
Rejection from 3275 = continuation risk
Break below 3210 → 3175–3185 becomes critical
Weak ISM = gold spike toward 3300+ (fade setup)
💬 Final Thought:
This isn’t “buy now, sell now” nonsense. It’s about structure, timing, and logic.
The cleanest setups come to those who wait — not those who chase.
🙏 Like this breakdown? Boost and follow us for sniper setups all week.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
Gold 1H Outlook - XAUUSD May 4th 2025🔥 XAUUSD – H1 Outlook | May 4, 2025
Bias: ⚠ Short-term neutral to bearish — price reacting from a weak CHoCH + premium rejection.
Flow: Intraday trapped between 3240 demand and 3280–3300 supply. Next move decides the breakout.
🔎 Market Structure:
❗ Clean CHoCH + BOS sequence from 3285 → confirms bearish LTF momentum
🟠 Current HL attempt rejected off imbalance around 3268–3275
🔹 Structure still building under H4 LH (3315), supply remains in control unless flipped
🗝 Key H1 Levels (with confluence):
🔵 3233–3244 → Micro OB + FVG Support
🔄 Key short-term HL zone
⚡ RSI oversold bounce last touch
EMA5/21 zone → bounce risk
🟡 3268–3275 → FVG + OB + Last CHoCH Zone
🚩 This is the first sell POI
💧 Liquidity just above (equal highs)
Ideal for LTF short scalp if price rejects again
🔺 3288–3302 → H1–H4 Confluence Supply
🔥 Strong bearish OB + liquidity sweep area
🧱 Reaction zone for swing shorts (supply locked)
Confluence with premium fib retracement
🔻 3190–3200 → Extreme Demand Zone
🧲 Weak low + imbalance + discount OB
🔑 Watch for possible NY reversal trap if price collapses
💡 Plan:
We’re in the battlefield between weak HLs and greedy supply zones.
If 3275 rejects again → scalp sells back to 3240.
If 3240 fails → 3200 could be the "trap long" to flip everything.
🧠 Final Note:
Patience beats precision. Let the chart show its cards — no need to guess when liquidity does the talking.
🙏 Like this breakdown? Boost and follow us for sniper setups all week.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
#XAUUSD #GoldOutlook #SMC #LiquidityHunt #SmartMoneyFlow
Gold 4H Outlook - XAUUSD May 4th🔍 XAUUSD – H4 Outlook (May 4, 2025)
Trend:
🔻 Bearish structure still intact after the lower high at 3533 (ATH) and CHoCH at 3420.
🔹 Price is now ranging below lower high, with weak demand attempts from 3200–3240 zone.
🔸 Order flow bearish unless major BOS above 3320.
🗝 Key H4 Levels & Confluences
🔵 3195–3220 → H4 Demand + EQ + FVG
🧲 Last strong reaction zone pre-rally
🔁 Untapped OB + minor gap
🔄 EMA21 dynamic support below it
🟣 FIBO 61.8% of swing leg (April move)
🔵 3280–3295 → H4 POI (Supply Flip Zone)
📉 Reaction to this zone previously rejected bullish continuation
🧱 Confluence with 4H OB + minor FVG + EQ
⚠ If broken → clean magnet toward 3320
🔺 3315–3325 → Major LH Zone + Liquidity Magnet
💧 Internal liquidity build-up
🟤 If flipped → could induce bullish CHoCH on HTF
🚨 Final decision zone before possible premium push
🔻 3050–3075 → Weekly OB + H4 FVG
⛔ Major HTF demand below current price
🔄 EMA100 crossover area
🧲 Long-term buy interest if macro risk spikes
⚠ Summary:
Gold remains in a bearish HTF context, but is holding at key demand near 3220.
Rejection from 3280–3295 could reinforce bearish continuation.
Break above 3325 flips structure bullish — until then, sellers still in control.
🙏 Like this breakdown? Boost and follow us for sniper setups all week.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
#XAUUSD #GoldOutlook #SMC #LiquidityHunt #SmartMoneyFlow
Gold Daily Outlook - XAUUSD May 4thXAUUSD Daily Outlook – May 5, 2025
Structure doesn’t lie. Gold is cooling off – but the real game might just be starting.
📊 Trend & Structure:
HTF Bias: Bullish (intact), but showing signs of exhaustion.
Daily Market Flow: Strong rejection from 3500 ATH → bearish correction underway.
Latest Daily Candle: Bearish with large upper wick – confirms aggressive selling after liquidity grab.
🔹 Key Daily Levels:
🔻 Premium Rejection Zone
Zone: 3475–3500
Confluence: Previous ATH + liquidity sweep + FVG + overextension
Note: Reversal confirmed. Sellers aggressively stepped in.
🔻 Active Imbalance Zone
Zone: 3375–3400
Context: Unmitigated bearish FVG formed after ATH rejection
What to expect: Intraday bounces possible, but mostly mitigation unless reclaimed.
🔹 Current Reaction Zone
Zone: 3220–3255
Structure: Micro CHoCH + fresh demand reaction + FVG fill
Note: Bulls defending here. Breakdown = lower retracement likely.
🔻 Key Mid-Term Support
Zone: 3050–3080
Reason: Daily demand + OB + prior BOS
Expectation: Strongest support if price breaks 3200 – ideal HTF reentry.
🔢 Fibonacci Extension Targets (if 3500 breaks)
Using impulse leg 2970 → 3500 with retrace to 3204.50:
Extension Level
Target Price
Commentary
1.0
3500
ATH (already hit)
1.12
3558
First extension zone, minor reaction possible
1.272
3610
Institutional TP1 zone
1.414
3660
Premium FVG / liquidity target
1.618
3730
Strong continuation target, reversal zone
1.786
3785
Final blow-off area, low probability without macro push
📊 Summary:
Gold reached a major milestone at 3500, swept liquidity, and is now in correction mode. As long as 3220–3255 holds, bulls may stage a short-term defense. However, failure to hold opens the door to 3050–3080, the next major structure zone.
Above 3500, use extension zones to track sentiment traps and profit-taking waves.
🧠 Final Thought:
From greed at 3500 to fear at 3200 — markets reset sentiment before the next move. Smart money isn’t emotional. Stay with structure, not ego.
🙏 Like this breakdown? Boost and follow us for sniper setups all week.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
#XAUUSD #GoldOutlook #SMC #LiquidityHunt #SmartMoneyFlow
Gold Weekly Outlook - XAUUSD May 5th- May 9th🌍 XAUUSD Weekly Outlook – “Gold’s Cooling Off… Or Just Reloading? 🔁💥”
📅 Week of May 5–9, 2025
After breaking records with a fiery move into 3533, Gold just blinked. But is this the start of a deeper pullback — or simply a power nap before another skyrocket? Let’s break it down.
🧱 Macro Structure:
🔹 Massive bullish expansion from sub-2000 to 3533 → clear weekly BOS & continuation
🔹 First real retracement candle after months of nonstop gains
🔹 Price now hovering around the 3240–3270 mid-range FVG zone
🔑 Key Weekly Levels + Real Confluence:
📍 Price Range Zone Type What’s Here & Why It Matters
3533 🔺 ATH / Weak High Top liquidity grab + Premium high — supply reaction confirmed
3480–3510 ⚠ Reversal OB zone Weekly OB + clean FVG + sell-off origin = potential rejection zone
3240–3270 🔵 Micro Demand Mid-imbalance fill + minor OB + current retest base
3050–3100 🟦 Weekly Demand Block Big boy OB + 50% FIB retrace + macro HL zone → sniper reentry magnet
2750–2850 🧠 Strong HTF Demand Long-term CHoCH zone + discount imbalance stack = last line of defense
🔎 Weekly Confluences:
✅ SMC: BOS confirmed, CHoCH flipped in 2023 = macro bullish bias holds
📐 FIBO: 3050–3100 = perfect golden pocket (50%) of last full impulse
📊 EMA 5/21: Full bullish lock, no signs of EMA cross down
🔥 Liquidity: Above 3533 = final weak highs, below 3050 = deep liquidity pool
🧭 Bias Summary:
Bullish overall, but watching for:
A trap sell into 3050–3100 (clean sniper reentry zone)
🧲 Liquidity grab near 3300+ that could fuel another leg up or fakeout
🙏 Like this breakdown? Boost and follow us for sniper setups all week.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
#XAUUSD #GoldOutlook #SMC #LiquidityHunt #SmartMoneyFlow
Gold xauusd setupXauusd gold setup, going for long in my pov, but as always dyor
Do your own research and keep Ur investments safe,
This is only a bit of my tech analysis, just keep it safe, don't go for wht u are seeing here and do Ur own research,
This might have some points or even all wrong points and measures, if this is making any sense to you, just do all and every time YOUR OWN RESEARCH.
And as I said KEEP UR INVESTMENTS SAFE!!!
Gold fell as expected. What will happen next week?Gold fell within the range expected by Quid. Although it rebounded slightly, the final result did not change. Will the direction of gold change next week?
Quid's analysis:
Gold's 1-hour moving average is downward, and there is a trend of continuous downward development; gold is currently under pressure from the 3270 line, so 3270 will still be the key turning point for gold bears next week. Although gold has rebounded slightly, the magnitude of the decline is not large; if the upward resistance level of 3270 fails to break through next week, it may be in a sideways fluctuation.
The downward trend will not reverse for the time being, unless major news is released on the weekend, which directly affects the gold market.
Quid believes that the ups and downs of the market are normal. Gold has fallen by about $300 from its high point, and the overall trend in the near future is still downward; it continues to fall after a small rebound, which means that the strength of gold bears is still there.
Quide believes that it is always easy to follow its trend; violating its rules always makes oneself exhausted; the market is always right, and standing on the opposite side of the market will always be taught a lesson by the market. In the face of the overall trend, traders should not be lucky, and the market will not forgive your mistakes again and again.
Operation strategy:
Short around 3270, stop loss at 3280, take profit around 3220;
The latest gold strategy analysis and operation guidance📌Fundamentals:
This week, the US economic data was released intensively, and ADP employment, unemployment benefits, GDP and PCE price index were all bullish, but some data showed signs of weakness after Trump's tariff policy. The unemployment rate remained the same as the previous value of 4.2%, while the expected new employment of 130,000 was significantly lower than the previous value of 228,000. The market's concerns about the cooling of the economy provided support for the gold price.
📊Technical side:
Although the 1-hour moving average is still in a dead cross short arrangement, there are signs of turning around. At the same time, after the rebound, gold began to consolidate at a high level instead of continuing to fall, so the momentum of the bears was weakened. So today's closing is critical. Today, gold fell back to around 3230 under pressure from 3270. In the short term, this is a balance range. You can see the shock in this range at night. If gold finally closes above 3270, then gold will most likely continue to rise next week. If it closes below 3240, then gold bears still have a great chance. If you want to operate in the short term, then don't chase it for the time being. Since it is a shock, you can go short first at a high level. If it breaks through 3270, then wait until next week. On the whole, today's short-term operation of gold suggests that the rebound is mainly short, and the callback is supplemented by long. The top short-term focus is on the first-line resistance of 3265-3270, and the bottom short-term focus is on the first-line support of 3200-3197.
🎯Practical strategies:
Strategy 1: Go short when gold rebounds around 3263-3266, with a target around 3230-3210.
Strategy 2: Go long when gold pulls back around 3197-3200, with a target around 3220-3230.
Summary of the Gold Market This WeekThis week, the gold market showed a clear downward trend, with spot gold accumulating a 2.43% decline.👉👉👉
The economic data had a significant impact on the gold market this week. Data released by the US Department of Labor on the 2nd showed that the non - farm payroll employment in the US increased by 177,000 in April, much better than the expected 138,000, and the growth data for the previous two months were revised downwards. The US unemployment rate was 4.2% in April, in line with market expectations. The strong non - farm payroll data reduced the possibility of the Federal Reserve cutting interest rates in June. Under normal circumstances, the reduction in the interest rate hike expectation should be bullish for gold. However, the gold market did not rise sharply this time, mainly because the gold price had risen significantly in the early stage and the long - term investors had a strong sentiment of taking profits. At the same time, the relatively good employment data also reflected the resilience of the US economy to a certain extent, weakening the appeal of gold as a safe - haven asset. As a result, the gold price did not show an obvious upward trend immediately after the data was released. Instead, it remained volatile in the short term.
From a technical perspective, although the gold price has declined this week, the futures price still has certain technical advantages in the near term. On the daily chart, although a negative candlestick was recorded this week, the previous upward trend has made the moving average system still show a long - term arrangement. From the perspective of the RSI, the current value is hovering around 50, indicating that the market's long and short forces are temporarily relatively balanced, and neither side has an obvious advantage. Therefore, the gold price has entered a consolidation stage.
With the economic development in Asia and the changes in consumers' demand for gold investment and jewelry, Asia's influence in the global gold market has become increasingly prominent. If the demand in Asia remains strong in the future, it will provide strong support for the gold price. On the contrary, if the demand weakens, it may increase the downward pressure on the gold price.
Looking ahead to next week, the gold market still faces many uncertainties. On the one hand, the continuous changes in economic data and the direction of the Federal Reserve's monetary policy remain key factors. If the subsequently released data continue to show the resilience of the US economy, it may further reduce the market's expectation of a rate cut by the Federal Reserve, thereby suppressing the gold price. On the other hand, any new development in the international trade situation may trigger fluctuations in the market's risk - averse sentiment, thus affecting the supply - demand relationship and price trend of gold.
Gold trend layout in the evening after the release of NFP data🗞News side:
1. Pay attention to the recent trade situation and news about the Fed's interest rate cuts
2. Be wary of DXY trends
3. The situation of the Russian-Ukrainian war and the follow-up events of the India-Pakistan conflict
📈Technical aspects:
The short orders in hand have already been profitable, and gold is now back near 3250, while the US dollar index has once again fallen by 100, reaching around 99.6, and the 1H moving average is currently showing signs of turning upward. The upper and lower shadow lines of the 1H K-line closing look like cross stars of equal length, which means that things may go wrong, and gold may rebound upwards in the short term. We can still focus on the resistance of 3260-3270 above, and further focus on the first-line resistance of 3280-3286, while the bottom has never been able to effectively break through the first-line support of 3240. If this week closes at 3240, then the market outlook next week will be conducive to long trading.
Intraday operation suggestions
🎁SELL 3260-3270
🎁TP 3245-3240
🎁BUY 3230-3240
🎁TP 3260-3270
If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
The decisive battle day of major data (XAUUSD/GOLD)
Yesterday, it was clearly pointed out that the pressure position after the rebound is 3255-3270. Today, due to the oversold influence of XAUUSD, it rebounded to a high of 3258. In terms of operation, it is still mainly chosen to sell. Today is the "third day" deadline. If the impact of geopolitics continues to be suspended. It is expected that XAUUSD will fall by $100/ounce today.
There have been some oversold rebounds in the Asian market XAUUSD. Beware of the market's inducement to buy more. So 3260-3270 continues to be mainly sold.
TP1 3230-3220.
TP2 3170-3160