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🔹 Safe-Haven Demand Boosts Gold – Short-Term Bulls in Control Geopolitical tensions and global trade uncertainty have heightened market risk aversion, pushing gold prices higher in the early session. We pre-positioned long entries around the 3330 level before the European session, and those trades are now in profit. 🔹 Bullish Structure Confirmed – Technical...

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✅ Technical Analysis: 🔸Gold is currently trading within the 3310–3346 range, with a short-term bias toward the upside. After testing 3310 twice yesterday, prices rebounded quickly, indicating strong buying interest below. If the European session sees a breakout and stabilization above 3330, further upside toward 3346 or even 3365 is possible. However, if prices...

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✅ Technical Analysis: 🔸 Confirmed Resistance at High Levels: Gold was rejected around the 3328–3330 area, which aligns with our previous assessment of the upper boundary of the descending trend channel. This zone has acted as a key resistance area during multiple past rebounds and is once again proving to be a valid pressure point. 🔸 Consolidation Between 3310...

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✅ Fundamental Analysis: 🔹 U.S. President Trump announced a 50% punitive tariff on Brazil starting August 1st, escalating global trade tensions and increasing risk premiums, thereby boosting safe-haven demand for gold. 🔹 The EU is accelerating trade talks with the U.S., but disagreements over the 25% tariff and quota mechanism raise uncertainty, which supports...

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✅Yesterday, gold prices briefly surged due to heightened safe-haven demand, but we remained skeptical about the sustainability of the rebound and continued to uphold our strategy of shorting at higher levels. As expected, gold eventually moved lower, breaking below the previous day's low and establishing a bearish continuation pattern. Our bearish outlook was...

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✅ Key Resistance Zone: $3340–$3345 🔴 Daily Resistance: $3345 is the neckline of a typical “M-top” pattern. On July 7, gold prices surged to $3342 before quickly retreating, indicating strong selling pressure at this level. A valid breakout has not yet occurred. 🔴 4H Chart Resistance Band: The $3338–$3340 zone overlaps with both the 20-day and 60-day moving...

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✅Gold opened weakly during the Asian session today, with prices dropping nearly $40 in early trading—likely due to technical selling pressure from above. The rebound once again failed to break the key 3345 resistance level, which serves as the neckline of the previous “M-top” pattern formed at the 3365 high. This level has become a clear resistance zone. If gold...

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✅From the current short-term structure, gold is exhibiting a typical bearish continuation pattern, indicating that the primary trend remains downward. If gold fails to effectively break above the key resistance level at 3350 next week, it suggests that the prevailing downtrend is likely to continue. The probability of a short-term rebound being capped in this area...

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✅Today's non-farm data was negative for gold across the board. The price quickly dropped from around 3350 to the key support level of 3311, and then bottomed out and rebounded. The psychological barrier of 3300 has not been broken, and the combination with 3311 forms the prototype of a double bottom, suggesting that the long-term bullish trend has not been broken....

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✅ Fundamental Overview: The U.S. ADP employment data released on Wednesday came in significantly below expectations, with only -33,000 new jobs added, far short of the market forecast of 100,000. This raised concerns about a potential slowdown in the U.S. labor market and strengthened expectations for Fed rate cuts later this year. As a result, gold prices rose by...

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✅Gold price action for Wednesday is nearing its end. Looking back on today's performance, we successfully entered multiple long positions around the 3327–3330 support zone, all of which hit their profit targets. ✅Given the increased volatility in recent sessions and the fact that this week is NFP (Non-Farm Payroll) week with heavy fundamental releases, we...

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✅Macro Factors Supporting Gold Bulls: 🔶Escalating Trade Tensions: Former U.S. President Donald Trump has explicitly stated that he will not extend the reciprocal tariff suspension set to expire on July 9. He also threatened to impose 30%–35% tariffs on countries including Japan, significantly increasing global trade uncertainty. 🔶Rising Geopolitical Risks: The...

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✅Fundamental Analysis: During the U.S. session on July 1, spot gold moved higher in a choppy manner, reaching a peak of $3,357.88/oz, the highest level in the past three trading days. The recent rebound in gold prices has been primarily driven by the following factors: 🔶A weaker U.S. dollar, providing direct support for gold; 🔶Rising uncertainty around the...

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✅Yesterday, gold staged a strong “V-shaped reversal,” surging violently from the intraday low of $3247 to a high of $3309. The daily chart closed with a large bullish candlestick featuring a long lower shadow, initially confirming the validity of short-term bottom support and signaling a strong bullish rebound. ✅Fundamental Overview: The U.S. Dollar Index...

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✅Recently, the price of gold has stabilized and rebounded from the key support level of $3,300, and the decline has been clearly supported in this area. The weakening of the US dollar index and the rise in risk aversion are the main driving factors for this round of rebound. It is particularly worth noting that the market has recently paid more attention to the...

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✅Gold trend on Friday showed a "roller coaster" fluctuation, fluctuating downward in the Asia-Europe session, and rebounded rapidly after a second dip to around 3340 in the US session. The daily line finally closed with a cross K-line with upper and lower shadows, indicating that the divergence between long and short positions has intensified. ✅In terms of news,...

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During the Asian session, spot gold broke through the $3,400/ounce mark, reaching a high of around $3,444, setting a recent record high. ✅Fundamental Analysis 🔹Tensions in the Middle East have escalated sharply. Iran launched drone attacks on Israel, while conflicts continue along the Syria–Lebanon border. U.S. military bases have entered the highest state of...