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Xauusdshort

Scalping and Swing Trading Strategies A Guide to Optimizing on TradingView Scalping and swing trading strategies are two popular trading approaches in Forex, OANDA:XAUUSD gold, and cryptocurrencies, enabling traders to capitalize on price movements for maximum profits. Scalping focuses on short-term trades with small gains, while swing trading targets longer-term trends. This article guides you on implementing these strategies on TradingView using tools like RSI, MACD, and Fibonacci. Let’s dive in to elevate your trading skills! 1. What is Scalping? Scalping is a short-term trading strategy where traders execute multiple trades daily, capitalizing on small price movements (often a few pips). The goal is to accumulate small profits from numerous trades. Timeframe: 1-minute (M1) or 5-minute (M5). Suitable markets: Forex (EUR/USD, GBP/USD), gold (XAU/USD), or cryptocurrencies (BTC/USD). Requirements: Quick reactions, strict risk management, and appropriate leverage. Example: A scalper might buy EUR/USD when the price touches the lower Bollinger Band on an M5 chart and sell when it reaches the middle band. 2. What is Swing Trading? Swing trading is a medium- to long-term strategy that captures “price swings” within larger trends. Traders hold positions for days to weeks to maximize profits from significant price movements. Timeframe: 4-hour (H4) or daily (D1). Suitable markets: Stocks, Forex, gold, and cryptocurrencies. Requirements: Patience, trend analysis skills, and effective capital management. Example: A swing trader might buy XAU/USD when the price hits the 61.8% Fibonacci level on an H4 chart and hold until it reaches the next resistance. 3. Why Use Scalping and Swing Trading Strategies on TradingView? TradingView offers powerful tools to execute both strategies effectively: Flexible price charts: Supports multiple timeframes and chart types (candlestick, Renko). Technical indicators: RSI, MACD, Bollinger Bands, Fibonacci, and more. Price alerts: Set notifications for when prices hit support/resistance levels. Pine Script: Customize indicators or automate trading strategies. Tip: Use TradingView’s “Replay” feature to test scalping or swing trading strategies on historical data. 4. Scalping Strategy on TradingView 4.1. Tools and Setup Timeframe: M1 or M5. Indicators: Bollinger Bands (period 20, deviation 2). RSI (period 14, overbought 70, oversold 30). Trading pairs: EUR/USD, GBP/USD, or XAU/USD (due to high liquidity). 4.2. Trading Rules Buy signal: Price touches the lower Bollinger Band. RSI <30 (oversold). Confirmed by a reversal candlestick pattern (e.g., Doji). Sell signal: Price touches the upper Bollinger Band. RSI >70 (overbought). Confirmed by a reversal candlestick. Risk management: Set Stop Loss 5–10 pips below the nearest support. Take Profit at 10–15 pips or when the price hits the middle Bollinger Band. 4.3. Example On an M5 EUR/USD chart, if the price touches the lower Bollinger Band at 1.0850 and RSI <30, enter a buy order. Set Stop Loss at 1.0840 and Take Profit at 1.0865. Exit when the price reaches the middle band. Image illustration: EUR/USD M5 chart with Bollinger Bands and RSI (optimize alt text: “EUR/USD scalping chart TradingView”). 5. Swing Trading Strategy on TradingView 5.1. Tools and Setup Timeframe: H4 or D1. Indicators: Fibonacci Retracement. MACD (12, 26, 9). Moving Averages (MA50, MA200). Trading pairs: XAU/USD, GBP/USD, or BTC/USD. 5.2. Trading Rules Buy signal: Price hits the 50% or 61.8% Fibonacci level in an uptrend. MACD crosses above the signal line. Price is above MA50. Sell signal: Price hits the 50% or 61.8% Fibonacci level in a downtrend. MACD crosses below the signal line. Price is below MA50. Risk management: Set Stop Loss below the nearest support (20–50 pips, depending on the pair). Take Profit at the next resistance or a 1:2 risk-reward ratio. 5.3. Example On an H4 XAU/USD chart, if the price hits the 61.8% Fibonacci level at $1,950 in an uptrend and MACD confirms a buy signal, enter a buy order. Set Stop Loss at $1,930 and Take Profit at $2,000. Image illustration: XAU/USD H4 chart with Fibonacci and MACD (optimize alt text: “XAU/USD swing trading chart TradingView”). 6. Tips for Applying Scalping and Swing Trading Strategies Combine with fundamental analysis: Economic news (interest rates, NFP reports) can impact prices, especially in Forex and OANDA:XAUUSD gold. Backtest strategies: Use TradingView’s “Replay” mode to test strategies before live trading. Manage emotions: Scalping requires intense focus, while swing trading demands patience. Choose the strategy that suits your personality. Optimize costs: Scalping incurs high spread costs, so choose a broker with low spreads. 7. Conclusion Scalping and swing trading strategies offer profitable opportunities in Forex, OANDA:XAUUSD gold, and cryptocurrencies, depending on your trading style. With TradingView’s powerful tools like Bollinger Bands, Fibonacci, and MACD, you can easily implement these strategies. Try scalping on EUR/USD or swing trading on XAU/USD today and share your results with the TradingView community! Sign up for TradingView to explore more features and optimize your trading.
OANDA:XAUUSDEducation
by Henrybillion
Gold still has room to fallThe current market sentiment is undergoing a significant shift from risk aversion to risk appetite. The easing of trade tensions has greatly boosted market risk appetite, leading to a large-scale outflow of funds from safe-haven assets such as gold. Considering the positive impact of the tariff agreement, gold prices may face further downward pressure. Technical analysis shows that once it falls below the $3,200 mark, the next support level is around $3,150. The further weakening of market risk aversion and the strengthening of the US dollar will continue to suppress gold prices. The 1-hour moving average of gold continues to cross the downward short position, proving that there is still room for gold to go down. Based on the short-term resistance area near 3250, continue to short gold on rallies.
OANDA:XAUUSD
by BurgessMurray
Gold's short-term rebound is weakAt the daily level, the Bollinger Bands are closing and flattening, and the 5-day moving average and the 10-day moving average are entangled near the middle track. The current price is running below the middle track, and the 5-day moving average has turned downward. The technical side shows that the current gold price is fluctuating and bearish, and the MACD has crossed at a high level. The red column continues to shrink. Intraday operations should focus on high-altitude thinking. Pay attention to the 10-day moving average and the middle track 3250-60 area resistance on the top, and pay attention to the support near the lower track of US$3200 on the bottom. At the 4-hour level, the current downward trend of shock is more obvious, and the shape is a step-down. Ma5 and Ma10 are glued together and cross below 66ma. MACD death cross is combined with green column volume, and the overall idea of ​​falling back and adjusting is maintained. The 1-hour moving average is still a downward short arrangement. After gold jumped down and opened, there is a large gap. Gold rebounded weakly and continued to fall. It will be difficult to cover the losses in the short term, and it will be covered in the process of roundabouts in the future market.
OANDA:XAUUSD
by BurgessMurray
1
XAUUSD Gold Possible Move 13/05/2025Major Supply Zones: Upper Supply Zone around $3,275–$3,285: Strong reaction from this area before the massive drop. Mid Supply Zone around $3,265 - $3,268: Price has reacted again here. Trendline Liquidity Grab: Price moved above the internal rising trendline (liquidity sweep). The wick into the trendline’s upper side aligns with a key supply zone, followed by rejection = potential shift in structure. Bearish Rejection from Supply: Confluence zone (circle area) where price might reverse. Strong rejection seen right after price tapped this zone. possible entry trigger. Internal Structure Shift: If price breaks $3,245 support, that confirms CHoCH (Change of Character). Bearish FVG could be forming just below the supply zone, which may act as resistance on retests. 📉 Trade Signal (Short Setup) 🔔 Entry: Sell: $3,265 - 68 (if price returns for a retest of supply zone) OR Sell Market: If current bearish candle confirms engulfing with strong momentum 🎯 Targets: TP1: $3,245 (mid support zone) TP2: $3,220 (major demand zone at the bottom) TP3 (swing): $3,210–$3,200 🛡️ Stop-Loss: Above supply zone high: $3,275+ ✅ Confluences for Bearish Bias: Liquidity sweep above trendline Supply zone rejection Structure shifting lower Price action showing rejection wicks Clean imbalance zones below (liquidity magnets) Kindly follow, support, comment and share as well.
OANDA:XAUUSDShort
by QuinnReed_Charts
5/12 Gold Trading SignalsGood morning everyone! Gold opened lower and extended losses today, influenced by easing China–U.S. trade tensions and ceasefire news from India-Pakistan. The recent rally was largely driven by safe-haven demand amid geopolitical concerns. As tensions ease, gold's retracement is a logical market reaction. 🔍 Technical Outlook: Gold has now returned to a previous consolidation zone . While some support exists, current candlestick structure and most indicators show no clear bullish reversal yet. Entering long positions too early may pose short-term risks, so trend trades should wait for stronger confirmation. For flexible intraday trading, watch: Support at 3263–3246: Holding this zone could trigger a rebound back toward 3309 resistance. 📌 Trading Recommendations: ✅ Sell Zone: 3306 – 3321 ✅ Buy Zone: 3218 – 3198 🔁 Range for Scalp/Short-Term Trades: 3294 – 3263 / 3238 – 3269
FOREXCOM:XAUUSDShort
by China_MsWang
Today's gold trend analysis, go long in batches🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: Since the US and China lowered some tariffs after the negotiation, the US dollar has recovered some of its losses, but gold has not completely recovered some of its losses. At present, the price of gold has once again retreated to near the 3260 line. Although the hourly level MACD indicator shows a golden cross, the daily level is still a dead cross and heavy volume. Then in the short term, the gold price may show some counter-twitching momentum before the US dollar steps back to confirm support, or it may touch near the 3277 line. The gold price may fall further after the US dollar steps back to confirm the support. From a technical point of view, the upper daily resistance is near 3287, while the lower first-line support of 3200 is strong, and there is a tendency to form a double bottom. The European market can consider using 3250-40 US dollars as a support point, and the early trading low near 3220 as a defensive position. First, let's see the gold price continue to rebound to 3277-80-87, unless the European market weakens and breaks the Asian low, and then the US market adjusts. Temporarily, we will see a rebound correction. 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
OANDA:XAUUSDLong
by AllenBoswell
GOLD TRADE IDEA – XAUUSD 15-Min Chart | Sell SetupGold Spot (XAUUSD) is presenting a short (sell) opportunity on the 15-minute chart. The suggested sell zone is between 3235–3238, with multiple take-profit targets and a clear stop-loss: Sell Entry: 3235 / 3238 TP 1: 3232 TP 2: 3228 TP 3: 3225 TP 4: 3222 TP 5: 3215 Stop-Loss (SL): 3245 This setup is based on price rejection from resistance and potential downward continuation toward the highlighted support zone. Always manage risk accordingly.
OANDA:XAUUSDShort
by Forexcryptowithjohn
2
5/13 Gold Trading Signals🌞Good afternoon everyone! Yesterday, gold successfully entered the 3218–3198 buy zone, delivering notable profits. So far, the price has tested both the 3218 support and the 3246 resistance multiple times, reflecting a fierce battle between bulls and bears. From a technical perspective, bulls appear slightly favored in the short term, with major resistance located between 3286–3320. ⚠️ However, if gold fails to break through this area and reverses, it may initiate a medium-term downtrend, potentially falling toward the 3169–3110 zone. 📌 Trading Recommendations for Today: Sell Zone: 3305 – 3330 Buy Zone: 3208 – 3178 Flexible Trading Ranges: ▫️ 3218 – 3252 ▫️ 3282 – 3248 ▫️ 3252 – 3303
FOREXCOM:XAUUSDLong
by China_MsWang
Gold is trading sideways, can the bearish trend continue?🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: The trading strategy given today, if brothers have reference and follow the trading strategy to participate in long orders, I think you should all have good gains on hand. At present, gold is in consolidation, the 4H moving average is in a short position, and the MACD dead cross continues to increase, so the short-term short momentum still exists. From a technical point of view, in the downward trend from last week's high of 3347 to the current low of 3207, 3260 is at a key position. Therefore, we pay attention to the possibility of gold rebounding to 3260 in the evening. 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
OANDA:XAUUSDShort
by AllenBoswell
XAUUSD May 12 New York real-time trading strategy analysis.The normal plan is to trade in a unilateral falling market. However, Russia's negotiation agreement with Ukraine has not stopped. While the cashing sentiment has risen, the tax issues between the United States and China have declined. This is why the New York market continued to rebound to 3247 and then fell back to 3220. If the price of the New York market cannot continue to break through the position of 3233 and stabilize. Then the price will continue to fall. The target is below 3190. There may be support at 3200, but it will not be too strong. But if the position of 3233 stabilizes and breaks through above 3348 again. Then we need to pay attention to the position of 3360-3375 again.
OANDA:XAUUSDShort
by Band_analysis
XAUUSD DOUBLE TOP BEARISH PATTERNKey Factors to Consider: Breakout Confirmation – If price decisively breaks below the neckline of the double top, it strengthens the bearish outlook. Volume Analysis – A surge in selling volume at resistance or during the breakdown can validate the pattern. Momentum Indicators – RSI, MACD, and Stochastic Oscillator can help confirm bearish momentum. Support Levels – Watch for intermediate support zones that could slow down the decline before reaching 3203. Resistance: 3500 Target: 3203
OANDA:XAUUSDShort
by Zickey_11
1
Gold plunges on tariff talks!Positive progress has been made in the Sino-US tariff negotiations, which has led to the activation of the global capital market. However, the safe-haven asset gold has been significantly sold off. The daily decline has once again exceeded $100. In the past two to three months, daily fluctuations of the hundred-dollar level have become the norm. Gold stabilized and rebounded after hitting a low of 3207 during the European trading session. During the US trading session, it further rose to a high of 3248. However, the upward momentum is relatively limited, and currently, the price is maintaining a volatile pattern within the range of 3231-3248. At present, 3250 has become a key resistance level. If it can be effectively broken through and the price can stand firm above it, the gold price is expected to further test the 3270-3288 area. Nevertheless, judging from the short-term momentum, there is still downward pressure for a pullback during the late trading session. Technically, the upper resistance is concentrated in the 3248-3252 range, and the lower support is around 3225-3217. Trading Strategy: sell@3245-3255 TP:3217-3222 you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
FX:XAUUSDShort
by HilaryBloomer
Continue to short gold after the reboundFundamentals: The positive signals from the China-US negotiations have eased the market's concerns about the US economic recession, and the weakening of risk aversion has stimulated a sharp pullback in gold. Market funds are no longer eager to seek safe-haven assets, so they withdraw their funds from gold and turn to risk markets. Technical aspects: The gold price plummeted by $110 during the day. Although it has rebounded slightly at present, the overall rebound momentum is relatively weak. The upper 3280-3290 area is currently the main short-term suppression level, followed by the 3240-3250 area. If the rebound in this area is not broken, you can continue to short gold, and the shorts may continue to reach new lows; focus on the support of the 3200 mark below. If 3200 is not broken, then the bulls may try to counterattack and fill the upper gap; if gold falls below 3200, gold will continue to fall to the area around 3170. Trading strategy: 1. Consider shorting gold after it rebounds to the 3245-3255 area, TP: 3220 2. Consider going long on gold after it continues to fall to the 3180-3170 area, TP: 3220; 3. If gold stabilizes above 3200, we can consider going long on gold around 3200 in advance.
OANDA:XAUUSDShort
by Steffen_Schade
1
On May 9, the London market XAUUSD real-time trading strategyXAUUSD's huge drop hit 3274. From the side news, there is no huge potential impact. Because almost all important data are updated. From the larger level of K-line cycle, the top structure appears, which is why I remind everyone to continue to sell. In the trading process, it is very important to switch from long to short. Often some traders always suffer huge losses in their accounts due to misjudgment. This week, under my accurate prediction, the market trend is exactly the same as I expected. Summary: There is no major news affecting the current situation. And it is the last trading day of this week. For XAUUSD, maintaining high selling is the current trading direction. There are signs of returning to the weekly opening price at the daily level. Observe whether the pressure range of 3330-3340 can stabilize during the day. If not, we can focus on the lower profit range. 3260-3220. To prevent missing out on some good trading strategies and ideas, remember to continue to pay attention to the ideas of the swing trading center. If you want to get more and more accurate signals, you can leave me a message.
TVC:GOLDShort
by Band_analysis
XAUUSD New York market trading strategy.The Russian-Ukrainian war sentiment has once again ignited the market's risk aversion sentiment. After the New York market opened, the US stock market opened higher, causing XAUUSD to fall to around 3200 and then rebound. After the New York market opened, XAUUSD continued to rise to 3248. After the weekend news continued to be digested in the Asian market and the London market, the New York market once again boosted XAUUSD due to geopolitical news. At present, we are paying attention to whether the position of 3255-3272 can be effectively broken through and stabilized. If it cannot continue to sell at a high level.
TVC:GOLDLong
by Band_analysis
Bears are active at the beginning of the week, prices are down⭐️GOLDEN INFORMATION: The United States and China announced “substantial progress” following two days of trade negotiations in Switzerland, marking a potential turning point in efforts to ease tensions between the world’s two largest economies. Chinese Vice Premier He Lifeng characterized the discussions as “an important first step” toward stabilizing bilateral trade, while US Treasury Secretary Scott Bessent echoed the sentiment, noting meaningful advancements were made. The US is expected to release more details about the outcome of the talks on Monday. While signs of progress may dampen demand for safe-haven assets like gold, lingering uncertainty around the specifics of any deal could still lend some support to the precious metal. “Ongoing ambiguity surrounding tariffs remains one of the most influential factors sustaining gold,” noted David Meger, Director of Metals Trading at High Ridge Futures. ⭐️Personal comments NOVA: The short-term downtrend is maintained, gold price accumulates around 3300 and continues to go down to lower support zones. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone : 3315- 3317 SL 3322 TP1: $3300 TP2: $3290 TP3: $3280 🔥BUY GOLD zone: $3223 - $3225 SL $3218 TP1: $3238 TP2: $3245 TP3: $3260 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
How to layout gold as Sino-US trade eases🗞News side: 1. China-US trade relations eased, suspending some tariffs and countermeasures 2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated 📈Technical aspects: Affected by the easing of Sino-US economic and trade relations, coupled with the fact that the Russian-Ukrainian negotiations are on the right track and India and Pakistan have suspended firing, the risk aversion sentiment in the gold market has eased, and the gold price has fallen sharply since the opening today. At present, the 3200 line has formed an important short-term support. If the support effect is strong at this point, the gold price may rebound further; if it falls below this key support, it will accelerate the opening of downward space. The upper 3250-3260 is the previous intensive trading area, which will pose a certain pressure in the short term. At the top of the European market, focus on the resistance range of 3250-3260, and at the bottom, the support range is 3210-3200. 🎁BUY 3200-3210 🎁TP 3250-3260 🎁 SELL 3260-3270 🎁 TP 3250-3230 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
OANDA:XAUUSDLong
by AllenBoswell
India-Pak ceasefire & China-US talks will trigger gold declineTrade Tensions Ease and Safe-Haven Demand Cools 😎 Progress in China-US Economic and Trade Talks The high-level economic and trade talks between China and the US held in Geneva, Switzerland have achieved substantial progress 🎉! Both sides have agreed to establish a regular consultation mechanism and plan to issue a joint statement 📄. This progress has significantly alleviated market concerns about the escalation of trade frictions, causing a sharp decline in the safe-haven demand for gold 💸. Geopolitical Risks Mitigated India - Pakistan Conflict : India and Pakistan have reached a comprehensive ceasefire agreement 🤝! Tensions in the region are finally calming down, further weakening the safe-haven appeal of gold 👀. Russia - Ukraine Conflict : The two sides of Russia and Ukraine are likely to restart negotiations on May 15 🤝. This positive development is easing the situation and dampening the demand for gold as a safe-haven asset 📉. Middle East Situation : The situation in the Middle East (such as the negotiations between the US and Iran) has also eased 🌮. Great news for stability, but not so great for gold's safe-haven status ⚖️. With all these factors at play, Suggest going short on the rebound 💰! Seize the opportunity while the market trends downward ⬇️. ⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️ 🚀 Sell@3300 - 3290 🚀 TP 3260 - 3240 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 🌟 👇
OANDA:XAUUSDShort
by Sovereign-
XAUUSD TAKE RESISTANCE FROM TRADE LINEHere I Created This XAUUSD Chart Analysis Pair :               XAUUSD  (Gold) Timeframe:   1- Hour Pattern:           Resistance Level Momentum:   Bearish/ SELL Entry Level : SELL      3327 Resistance zone :        3335 Target Will Be :       3300 / 3272 Disclaimer : This signal is based on personal analysis for learning purposes. Trade at your own risk and always use proper risk management.
OANDA:XAUUSDShort
by Art_of_TradingFX
Could India-Pak ceasefire & China-US talks trigger gold's declinNews From May 5th to 9th, trade tensions and geopolitical conflicts have driven the gold market to rise 📈. The spot gold price has once broken through 3,438. As the bullish momentum has waned, investors have taken profits at high levels, and the weekly increase has narrowed to about 3.1%. Trump's remarks on tariffs, uncertainties in trade negotiations, the conflict between Russia and Ukraine, and the military standoff between India and Pakistan have stimulated the demand for safe-haven assets, pushing up the gold price 💹. Technical indicators show that the short-term correction pressure has increased, and the market may enter a phase of volatile consolidation 🤔. Gold Trend At the beginning of this week, influenced by the safe-haven property of gold, its price has increased. However, this tariff news has less of an impact on the gold price than before, and the upward trend has stopped at 3,439. After the Federal Reserve maintained its interest rate policy unchanged, the gold price has declined for two consecutive days 📉, and yesterday's closing price was above 3,300. Looking ahead, with the ceasefire of the conflict between India and Pakistan and the advancement of the China-US talks, the gold price is likely to drop significantly next week ⬇️. The ceasefire between India and Pakistan has alleviated the geopolitical tensions, weakening the driving force for gold to rise as a safe-haven asset. If the China-US talks achieve positive results, the market's risk appetite will increase, and investors are likely to shift their funds from gold to risky assets such as stocks. In the past, when there has been progress in trade negotiations, the gold price has dropped significantly. Overall, there is an obvious downward trend for the gold price next week 😟. ⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️ 🚀 Sell@3330 🚀 TP 3280 - 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 🌟 👇
OANDA:XAUUSDShort
by Sovereign-
The market is full of crises next week!📌Fundamentals: This weekend, China and the United States held two days of negotiations as scheduled. It seems that there are many topics to discuss and the scope is wide, but they are still trying to reach a consensus. Otherwise, there is no need to spend two days of intensive talks. Some people think that after so long, there is no conclusion, which is bad news. I think the opposite. At this time, no bad news means good news. Based on the current "marathon" negotiation time, we need to be vigilant about the expected difference in the results of this round of negotiations. The second is the India-Pakistan conflict. After the talks led by the United States, India and Pakistan have agreed to a comprehensive and immediate ceasefire. Judging from this line alone, there will definitely be no risk of risk aversion rising when the market opens on Monday. The only thing is that the results of this round of negotiations between China and the United States are quite important, and there will definitely be results before the opening of Monday. 📊Technological aspects: Even if the current round of China-US negotiations achieves an optimistic result, gold cannot fall below 3300. If it falls below 3300 and hits the low point below 3275 again, then the next step for gold is very likely to touch the high point of 3160-50 where the trade war started. On the contrary, if gold can hold 3300, then it is very likely to move like the previous wave, break the range, stand above 3360-70, then gold will continue to return to above 3400. Therefore, the most critical position for the opening of next week is the support position of 3300 below and the suppression position of 3360-70 above. If it breaks, the trend will almost move in that direction.
OANDA:XAUUSDLong
by TP_Daniel5