Rebound and short selling is still the main themeGold can be said to have fluctuated in a large range today, but the overall trend is more towards the short side. Although gold rose at the opening on Monday, it suddenly made a 360-degree turn at the 3250 line, which made those who were chasing the long position suddenly confused. We went short directly at the 3244 line and also went short near 3247 in the afternoon, and all of them made perfect profits. We have also analyzed gold. The pressure from above is relatively large, and the space above is relatively limited. On the contrary, the space below is relatively large, and rebound shorting is still the current short-term trend!
From the analysis of the 4-hour line, the support below continues to focus on the vicinity of 3170-75, the strong support is at the 3150 mark, and the pressure above is around 3253-60. The overall support range is to maintain the main tone of high-altitude low-multiple cycle participation. In the middle position, watch more and do less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Gold rebounds to 3243-50 line short, rebounds to 3255-60 line to cover short, stop loss 3266, target 3205-10 line, continue to hold if broken;
2. Gold falls back to 3170-75 line without breaking light position long, falls back to 3150-55 line to cover long, stop loss 3144, target 3226-3230 line, continue to hold if broken
Xauusdupdates
May 19. Trading opportunities in the London market.A new week of trading opportunities is about to begin.
There is a lot of news over the weekend. There is an increase in geopolitical uncertainty. This is undoubtedly a heavy news. At the same time, the instability of tariffs makes the trend of XAUUSD even stronger.
The current price around 3230 needs to be tested to see if it stabilizes. If not, choose a lower position to buy. If the current price can stabilize, buy directly.
Target 3245-3250
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XAUUSD DESCENDING CHANNEL IN 15MXAUUSD CHART ANALYSIS IN 15M
Price Movement
The chart shows a descending channel (highlighted in blue), indicating a downtrend.
Gold price has been making lower highs and lower lows, consistent with a bearish pattern
Trend Analysis
The channel indicates that sellers are in control, pushing prices gradually lower.
Until there’s a breakout above the upper boundary of the channel, the bias remains bearish.
Gold is on bull or bear, let's see how it goes? {21/05/2025}Educational Analysis says that XAUUSD may give countertrend opportunities from this range, according to my technical analysis.
Broker - Pepperstone
So, my analysis is based on a top-down approach from weekly to trend range to internal trend range.
So my analysis comprises of two structures: 1) Break of structure on weekly range and 2) Trading Range to fill the remaining fair value gap
Let's see what this pair brings to the table for us in the future.
Please check the comment section to see how this turned out.
DISCLAIMER:-
This is not an entry signal. THIS IS FOR EDUCATIONAL PURPOSES ONLY.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
My Learning and analysis on GOLD (XAUUSD)Hello Community,
I have shared everything as per my learning. Maybe, it is right or wrong. It doesn't matter have rough idea about Gold (XAUUSD). Please, Do not consider it's as your learning. I am beginner and just tracking my trading journey.
Have a Good Trading day ahead.
Comment down your thoughts below. Always inspired to learn.
Thanks.
Gold Gains on US Credit Downgrade, Tax RiskTVC:GOLD OANDA:XAUUSD Gold (XAU/USD) surged to a one-week high of $3,306 on Tuesday, fueled by rising concerns over the U.S. economic outlook. The metal benefited from a weaker dollar, following Moody’s downgrade of the U.S. credit rating and renewed fears over President Trump’s proposed tax cuts, which could add $3–5 trillion to the national debt. Global risk sentiment also took a hit, with ongoing U.S.-Japan trade tensions and muted progress in U.S.-China talks.
Technically, gold is approaching key resistance at $3,306. A firm breakout above $3,306 would signal bullish continuation, while short-term support lies at $3,288 and $3,240. The RSI around 60 suggests consolidation may precede another push higher.
With central banks citing U.S. policy uncertainty and geopolitical risks lingering, gold’s safe-haven appeal remains intact.
Resistance : $3,306 , $3,364
Support : $3,288 , $3,240
Gold (XAU) Technical Analysis – Bullish SetupGold is currently trading around 3290, exhibiting strong bullish price action, suggesting a favorable environment for buyers. The current momentum indicates a potential move towards the final resistance at 3340, making this a strong buy opportunity in the short term.
Trade Setup:
Buy Entry Zones:
Current price zone: 3290
Potential dip-buy zone: 3275 (possible fakeout/retest area)
Targets:
3300 – Minor psychological resistance
3310 – Near-term resistance
3320 – Intermediate target
3340 – Final resistance & major target
Stop-Loss:
Conservative: 3265
Aggressive: 3260 (below support/fakeout zone)
Analysis Summary:
The chart suggests continued bullish momentum. A minor retracement to 3275 may occur, which would provide a second entry opportunity for buyers. As long as price holds above 3260, the bullish structure remains intact, targeting incremental levels up to 3340.
Risk Management Tip: Adjust position sizing according to risk tolerance and maintain discipline around stop-loss levels.
Let me know if you'd like this in a visual chart format or if you'd like to include moving averages, RSI, or other indicators for deeper analysis.
Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
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🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold price suddenly rises, how to get out of the trap at night🗞News side:
1. Humanitarian crisis in Gaza Strip, many civilians injured. I hope that world peace is all right
2. The call between the Russian and Ukrainian leaders is still ongoing
📈Technical aspects:
After gold fell back after touching 3250, it rose again and has broken through to around 3270. This rapid rise was unexpected. Although the 1H moving average turned upward, the gold price is currently consolidating at a high level. It is not suitable for us to enter the market at this time. We should remain on the sidelines and pay attention to the pressure at 3290 above. The short-term support below needs to pay attention to 3250-2540.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
Will gold continue to rise to 3280-3330 today?Hello everyone. Let's discuss the trend of gold this week. Today, Moody's downgraded the US sovereign credit rating from AAA to Aa1 on the grounds of "debt surge and fiscal out of control", ending the US's last "top credit" title among the three major rating agencies.
Due to this influence, gold opened sharply higher today, Monday, and the highest so far is around 3250.
Here is the 1-hour chart:
If gold can continue to rush above 3250 in the short term, then we will see 3280-3300 later.
The high point of 3250 may be broken at any time.
For now, I think that as long as gold is above 3200 today, gold will continue to rise.
So, if you do it in the short term, you can buy in the 3200-3220 range, with 3200 below as defense, and as long as the upper target stands firm at 3250, you can continue to see the 3280-3300-3330 range.
Gold Price Action Analysis (XAU/USD) – 1H ChartThis 1-hour chart of XAU/USD (Gold Spot vs. U.S. Dollar) highlights a key decision point in the market. The price is currently testing a significant resistance zone marked in grey. The note "IF THIS LEVEL GETS BREAKS IT WILL CONTINUE UPWARD" indicates a potential bullish breakout, targeting the upper resistance zone labeled "BUY 1ST TARGET." Conversely, failure to break this level suggests a possible rejection, with a downside move toward the lower support zone labeled "IF NOT GET BROKEN THEN SELL SIDE TARGET." Key structural levels such as BOS (Break of Structure) and CHoCH (Change of Character) are also marked, showing previous shifts in trend direction and liquidity zones. The chart reflects a critical moment for traders watching price action confirmation for directional bias.
NOTE:
( ALSO KEEP EYES ON FAKEOUT/DOWN)
GOLD - WAITING FOR BREAK OUTOverall Price is still bearish, however, we may get short term buy opportunity as well.
Trade idea 1: SELL below 3207
Trade idea 2: BUY above 3225
Please note these trade ideas are for 100-200 pips target only.
Once trade is activated, I will update SL too.
Share your opinion below, Thank you.
XAUUSD Purchase Settings #XAUUSD Buy Signal – 1H
Buy Entry: 3,200–3,190 (support trendline + FVG zone inside triangle)
Take Profit Levels
TP1: 3,220
TP2: 3,250
TP3: 3,300
Stop Loss: 3,170
Strategy: Buy on bounce from ascending trendline + FVG area. Market forming higher lows within triangle — potential bullish breakout expected.
Gold Stuck Between 3250 and 3200 – Watch the Breakout!After another week filled with violent price swings, Gold started this week on a much calmer note. Yesterday, after filling the Asia open gap, price pushed up to test the 3250 resistance, only to reverse and fall back toward the 3210 support zone.
🔺 A triangle is forming… but which way will it break?
Since last Thursday, price action has been forming an ascending triangle — a pattern that typically favors upside breakouts.
But for this to play out, we need a clean break above 3250. If that happens, we could see a fresh 1,000 pips move up in the short term.
📉 What if 3200 fails again?
A break back below 3200 would cancel the bullish structure and likely send price toward the 3160 support, or even further down to the 3100 zone.
📊 Trading Plan:
For now, I remain on the sidelines, waiting for a clear breakout in either direction. No need to rush — the breakout should bring strong momentum either way.
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.
Will gold fall to 3180-3158?Hello everyone. Let's discuss the trend of gold this week. If you have a different opinion, you can express your different opinions in the comment area. Yesterday, Monday, retail traders made a record bottom-fishing in US stocks, reversing the 1% drop in the S&P 500 index caused by Moody's downgrading the US credit rating last weekend.
Yesterday, Monday, gold opened at a high point near 3250, but after the US stock market opened, it basically maintained a downward trend.
From the current 1-hour chart, gold has been fluctuating above the 1-hour chart range yesterday, Monday, but there has been a change today. It has continuously fallen below the hourly chart range support position at the opening.
Therefore, from the current point of view, gold is likely to retreat downward today, and the 3200 mark is currently difficult to hold.
Therefore, we must be alert to the possibility of a retracement today. As for the operation, you can rely on the 3220-3225 range to sell, and look at the target to 3180-3158.
Gold Price Soars After Moody's US Downgrade: What's Next?Gold's Resurgence: A Deep Dive into the Moody's Downgrade and Market Tremors
The world of finance is a complex ecosystem, where a single event can trigger a cascade of reactions across global markets. Recently, such an event unfolded as Moody's Investors Service, one of the leading credit rating agencies, delivered a significant blow to the United States' financial standing by downgrading its sovereign credit rating. This unexpected move, occurring after a period of notable decline for gold, sent shockwaves through the financial landscape, prompting a sharp rally in the precious metal's price. In the early hours of Asian trading, gold surged by as much as 1.3%, reaching approximately $3,245 an ounce, a clear testament to its enduring appeal as a safe-haven asset in times of uncertainty.
The Catalyst: Moody's Downgrade and its Implications
Credit ratings are critical indicators of a borrower's ability to meet its debt obligations. For a sovereign nation, its credit rating influences borrowing costs, investor confidence, and its overall standing in the international financial community. Moody's decision to lower the U.S. sovereign credit rating by one notch, from the pristine Aaa to Aa1, was not taken lightly. The agency pointed to a confluence of persistent and concerning factors. Chief among these were the United States' chronic budget deficits, which have shown little sign of abatement despite various economic cycles. Moody's also highlighted a perceived erosion of political will and institutional strength to effectively address the nation's deteriorating fiscal trajectory. The growing burden of national debt and the escalating costs of servicing this debt were explicitly mentioned as significant concerns underpinning the downgrade.
This wasn't the first time the U.S. had faced a credit rating downgrade. In 2011, Standard & Poor's (S&P) stripped the U.S. of its top-tier AAA rating, a move that also sent tremors through global markets. The parallels are noteworthy, as both instances underscored deep-seated concerns about the sustainability of U.S. fiscal policy. A sovereign downgrade, particularly for an economy as pivotal as the United States, has far-reaching consequences. It can lead to higher borrowing costs for the government, potentially impacting everything from infrastructure spending to social programs. Furthermore, it can dent investor confidence, leading to capital outflows or a re-evaluation of risk associated with U.S. assets.
The immediate market reaction to Moody's announcement was a textbook flight to safety. The U.S. dollar, typically a beneficiary of global uncertainty, found itself under pressure. As the world's primary reserve currency, the dollar's value is intrinsically linked to the perceived strength and stability of the U.S. economy. A credit downgrade, by questioning that stability, naturally led to a weakening of the greenback. This weakening, in turn, provided a direct tailwind for gold. Gold is priced in U.S. dollars, so a cheaper dollar makes gold more affordable for investors holding other currencies, thereby stimulating demand.
Simultaneously, U.S. Treasury bonds, long considered one of the safest investments globally, experienced a sell-off. This might seem counterintuitive, as a flight to safety often includes government bonds. However, a credit downgrade directly impacts the perceived creditworthiness of those bonds. Investors demand a higher yield (return) to compensate for the increased perceived risk, leading to a drop in bond prices (yields and prices move inversely). The Treasury yield curve, which plots the yields of bonds with different maturities, steepened, indicating greater uncertainty about longer-term economic prospects and inflation. U.S. stock futures also registered declines, reflecting concerns that higher borrowing costs and diminished confidence could negatively impact corporate earnings and economic growth.
Gold: The Evergreen Safe Haven
Amidst this turmoil, gold shone brightly. Its rally was a classic demonstration of its role as a premier safe-haven asset. Throughout history, gold has been a store of value, a tangible asset that retains its worth when paper currencies or other financial instruments falter. Its appeal transcends economic cycles and geopolitical shifts. Unlike fiat currencies, which can be devalued by inflation or government policy, gold's supply is finite, giving it an intrinsic scarcity value.
In times of economic stress, such as those signaled by a sovereign credit downgrade, investors flock to gold for several reasons. Firstly, it acts as a hedge against currency depreciation. If the U.S. dollar weakens significantly, holding gold can preserve purchasing power. Secondly, gold is often seen as a hedge against inflation. If a government resorts to inflationary policies to manage its debt burden, the real value of money erodes, while gold tends to hold or increase its value. Thirdly, in periods of heightened geopolitical risk or systemic financial instability, gold provides a sense of security that other assets may not offer. It is a universally accepted medium of exchange and store of wealth, independent of any single government or financial institution.
The downgrade by Moody's amplified concerns about the U.S.'s fiscal health, a narrative that has been building for some time. Commentators pointed to over a decade of what they termed "fiscal profligacy," where successive administrations and Congresses have struggled to implement sustainable long-term solutions to the nation's growing debt. The phrase "ticking debt timebomb" resurfaced in financial commentary, underscoring the anxieties surrounding the long-term implications of current fiscal policies for the world's largest economy. These anxieties naturally fueled demand for gold as a protective measure. Adding another layer to these concerns were reports of a U.S. House panel approving proposed tax cuts, which, according to some economic analyses, could add trillions more to the national debt, further exacerbating the fiscal imbalance.
The Preceding Slump: A Market Breather
The vigorous rally in gold prices was particularly striking given its performance in the preceding week. The metal had been on a downward trajectory, poised for what was described as its steepest weekly decline in six months. This earlier weakness was primarily attributed to a strengthening U.S. dollar and an apparent easing of trade tensions between the United States and China. When geopolitical risks appear to subside and economic optimism grows, investors often rotate out of safe-haven assets like gold and into riskier assets, such as equities, in pursuit of higher returns. This is often referred to as a "risk-on" environment.
The announcement of a 90-day pause on tariffs between the U.S. and China had injected a dose of optimism into the markets. This temporary truce in the protracted trade war improved investor sentiment, reducing the perceived need for the kind of insurance that gold provides. Consequently, capital flowed towards assets perceived to benefit more directly from improved global trade and economic growth, leading to a pullback in gold prices. However, the Moody's downgrade swiftly reversed this trend, highlighting how quickly market sentiment can pivot in response to unexpected news.
Navigating a Complex Web of Global Influences
Gold's price is rarely determined by a single factor. It is subject to a complex interplay of global economic data, geopolitical developments, central bank policies, and investor sentiment. While the Moody's downgrade was the immediate catalyst for the recent rally, other elements continue to shape the landscape.
Ongoing geopolitical tensions in various parts of the world provide a persistent undercurrent of support for gold. Any escalation of conflicts or emergence of new geopolitical flashpoints can quickly send investors seeking refuge in the yellow metal. Furthermore, mixed economic data from major economies contributes to market volatility. For instance, softer-than-expected economic indicators from China, the world's second-largest economy, can dampen global growth expectations and influence risk appetite, which in turn affects gold.
Statements from key policymakers also carry significant weight. Comments from U.S. Treasury Secretary Scott Bessent regarding the potential reimposition of "Liberation Day" tariffs if trade negotiations with certain partners were not conducted in "good faith" served as a reminder that trade uncertainties remain. Such pronouncements can easily reignite concerns and support gold prices.
The Long-Term Horizon: Bullish Undertones Persist
Despite the short-term volatility, many analysts maintain a constructive long-term outlook for gold. Several underlying factors are expected to provide structural support for the precious metal in the coming years. One such factor is the potential for ongoing U.S. dollar weakness, driven by the country's twin deficits (budget and current account) and a gradual shift by some central banks to diversify their foreign exchange reserves away from an overwhelming reliance on the dollar. This diversification trend, if it continues, could provide a sustained tailwind for gold.
Moreover, the policies of major governments and central banks can also influence gold's trajectory. For example, periods of expansionary monetary policy, characterized by low interest rates and quantitative easing, can reduce the opportunity cost of holding gold (which yields no income) and potentially lead to inflationary pressures, both of which are typically gold-positive.
It's important to note that gold had already demonstrated strong performance in 2025, even before this latest surge. Year-to-date, the metal had appreciated significantly, reportedly by around 23%, and had even briefly surpassed the $3,500 an ounce mark for the first time in history during April. This underlying strength suggests that broader market forces were already favoring gold.
Major financial institutions have also echoed this optimistic long-term view. JPMorgan, for instance, has projected that gold could average $3,675 an ounce by the end of the year, with a potential to reach $4,000 before the close of 2026. Similarly, Goldman Sachs maintained its forecast of $3,700 by year-end and a $4,000 target by mid-2026. These forecasts often consider a range of scenarios, including the path of Federal Reserve interest rate policy and the likelihood of a U.S. recession. Even with expectations of delayed Fed rate cuts and a potentially lower U.S. recession risk, these institutions see considerable upside for gold.
Investor Strategy in a Shifting Landscape
For investors, the recent events serve as a potent reminder of gold's role in a diversified portfolio. While gold can be volatile in the short term, its ability to act as a hedge against various risks makes it a valuable component for long-term wealth preservation. The Moody's downgrade and the subsequent market reaction underscore the importance of not being complacent about sovereign risk, even in developed economies.
Retail investors might consider gold through various avenues, including physical bullion (coins and bars), gold exchange-traded funds (ETFs) that track the gold price, or shares in gold mining companies. Institutional investors, such as pension funds and endowments, often allocate a portion of their portfolios to gold as a strategic hedge and a diversifier.
The key is to view gold not as a speculative tool for quick profits, but as a long-term strategic holding that can provide stability and protection during periods of economic or geopolitical stress. The optimal allocation to gold will vary depending on an individual's risk tolerance, investment goals, and overall market outlook.
Conclusion: Gold's Enduring Relevance
The sharp rebound in gold prices following Moody's downgrade of the U.S. credit rating is a multifaceted event with significant implications. It highlights gold's unwavering status as a safe-haven asset, its sensitivity to shifts in U.S. dollar valuation, and the profound impact of sovereign creditworthiness on global financial markets. The downgrade served as a stark reminder of the underlying fiscal challenges confronting the United States and their potential to create ripples of uncertainty that benefit traditional stores of value.
Looking ahead, investors and market observers will be keenly focused on upcoming U.S. economic data, pronouncements from the Federal Reserve regarding monetary policy, and the evolving geopolitical landscape. While short-term fluctuations are inevitable, the fundamental factors that have historically supported gold – its role as an inflation hedge, a currency hedge, and a crisis commodity – remain firmly in place. As the global economic and political environment continues to navigate complex challenges, gold is likely to retain its allure as a critical component of a well-diversified investment strategy, a timeless guardian of wealth in an ever-changing world. The recent bounce may be more than just a fleeting reaction; it could be a reaffirmation of gold's enduring value proposition in an era of increasing uncertainty.
Is Gold Forming a Double Top?Over the past four trading sessions, gold has shown oscillations of around 1% in the short term. For now, indecision is beginning to emerge in the price of the precious metal as market confidence gradually recovers. The CNN Fear and Greed Index is already holding near the "extreme greed" zone, and as confidence continues to rise steadily, this could become a problem for gold demand, as it remains the classic safe-haven asset.
Potential Double Top
Price movements in recent weeks have formed a consistent resistance area at $3,400 per ounce, with pullbacks reaching the $3,200 zone. Currently, a potential double top pattern appears to be forming on the chart, with key support holding near $3,200. If bearish pressure becomes strong enough to consistently break below this level, the pattern could gain significant technical relevance and signal a potential trend reversal in the coming sessions.
RSI
The RSI line remains oscillating around the 50 level, indicating a balanced momentum between buyers and sellers. This can be explained by the ongoing support zone that is holding the price in the short term.
ADX
The ADX line is showing a similar picture, with readings increasingly close to the 20 level, which indicates that the strength of recent price movements is fading. This further supports the idea of continued indecision around the current support area.
Key Levels to Watch:
$3,200 per ounce – Critical Support: Possibly the most important level to watch, as it represents the lower boundary of the double top pattern and corresponds to a neutral price zone. Sustained selling pressure below this level could trigger a strong bearish bias and open the door to a new downward trend.
$3,400 per ounce – Main Resistance: This is the historical high zone for gold. A breakout above this level could be interpreted as a continuation of the long-term bullish trend.
Written by Julian Pineda, CFA – Market Analyst
The market trend is highly consistent with the chart analysisGold opened with a gap up today, returning to the decline starting point near 3,252 last Friday before falling again. The short-term trend has entered a repeated oscillation, but the key level of 3,200 has not been broken.👉👉👉
On Monday, the international gold price rebounded by more than 1%, boosted by a weaker U.S. dollar and increased safe-haven demand. Gold first fell to the 3,206 level before recovering to the 3,250 level, reversing the early session decline. Gold has been under pressure in recent weeks as markets gradually digest stagflation expectations and reprice rate-cut expectations. The market now expects the Federal Reserve to cut rates by about 58 basis points by the end of the year, compared with the peak expectation of 120 basis points during the panic in April.
From the analysis of the 4-hour chart, the lower support continues to focus on the vicinity of 3170-75. The primary support level is the 3150 threshold, and the important resistance to pay attention to is 3270-3280. Overall, within this range, the main tone of participating in a cycle of selling at high levels and buying at low levels remains unchanged. At intermediate positions, it is advisable to observe more, act less, and be cautious about chasing orders. Be patient and wait for entry at key points.
XAUUSD trading strategy
buy @ 3215-3220
sl 3195
tp 3235-3240
If you think the analysis helpful, you can give a thumbs-up to show your support. If you have different opinions, you can leave your thoughts in the comments. Thank you for reading!👉👉👉
Gold sees strong high resistance; shorting on rebounds prevailsToday, gold can be described as fluctuating within a wide range, but overall it tends to be more bearish. Although gold rose at the opening on Monday, it suddenly made a sharp turn at the 3250 level, leaving those who chased long positions confused. We have analyzed that the upper resistance is strong, and the upside space is relatively limited. On the contrary, the downside space is larger, so shorting on rebounds remains the current short-term trend! If you are currently unsatisfied with your gold trading, I hope Barry can help you avoid detours in your investments. Welcome to communicate and exchange ideas!
From the hourly chart analysis, the support levels below should continue to focus on the 3170-3175 area, with strong support at the 3150 level. The resistance above is near 3253-3260. The overall trading approach remains centered on cyclic participation in shorting highs and longing lows within this range, with a core principle of exercising caution at intermediate levels – avoid excessive trading and impulsive order chasing. Be patient and wait for entry at key price points.
Gold Trading Strategies
sell@3240-3250
tp:3220-3200
buy@3170-3175
tp:3220-3230
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Geopolitical risks ease, trade progresses: Gold short-term volatIndia and Pakistan have declared a full ceasefire😮, while news has emerged that Russia and Ukraine will observe a 30-day ceasefire. With the cooling of geopolitical risks, gold’s appeal as a safe-haven asset has diminished. Additionally, high-level economic and trade talks between China and the U.S. in Geneva, Switzerland, have made substantive progress, with most market participants believing the tariff war is nearing an end—further dampening gold’s safe-haven demand.
The market has seen two consecutive days of massive volatility: a surge of $100 on Thursday, followed by a plunge of $100 on Friday, creating a "double kill" for both bulls and bears, which is clearly a capital-driven washout. Currently, the 3120 level still shows a relatively obvious supporting effect. Due to ongoing international relations issues, gold remains in a long-term bullish trend. Traders can continue to take small long positions near 3120😎.
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Buy@3120 -3130
🚀 TP 3230 - 3260
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Beware of a sharp surge at the beginning of the week!🗞News side:
1. The India-Pakistan conflict has been eased, but India has increased its troops in Kashmir
2. The situation between Russia and Ukraine has escalated again
3. Trump has asked Walmart to absorb the impact of tariffs on its own
📈Technical aspects:
Gold jumped higher in the Asian session in the morning and once tested the 3250 resistance line. In the short term, the upward space is limited and there is a certain suppression. At present, gold is testing the 3210-3200 support level again. Judging from the 4H chart, if the gold price breaks through this short-term support level, it is likely to go to the 3170 level next, or even test the strong support level of 3150. If it gets effective support at 3210-3200, gold may test the resistance area again. Therefore, in the short-term trading in the Asia and Europe sessions, maintain the high-level short-selling and low-level long-selling cycle to participate. On the upside, focus on the 3250-3260 resistance area. If it breaks through, it is expected to look towards the 3300 line. On the downside, focus on the 3210-3200 support line. If it breaks through this support, look to the 3170-3150 important support.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD