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Xauusdtips

Gold’s Last Stand? Major Retest at 3310–3300 Under the influence of negative news, gold today fell below the recent low of 3320 and continued to fall to around 3310. The current gold structure looks particularly obvious, the center of gravity of gold gradually moves downward, and the short trend is extremely obvious; however, as gold repeatedly probes the 3320-3310 area, we can clearly see the resistance of gold to falling, and multiple structural supports are concentrated in the 3320-3300 area. So as long as gold does not fall below this area, gold bulls still have the potential to rebound. However, for now, after experiencing discontinuous sharp rises and falls, gold needs to undergo a short-term technical repair, so it may be difficult for a unilateral trend to appear in the short term. So I have reason to believe that gold will focus on rectification and repair next. The important resistance area we have to pay attention to above is in the 3340-3350 area; and the important support below is in the 3310-3300 area. Currently, gold is fluctuating in a narrow range around 3340, and the short-term rebound momentum is sufficient, but I still believe that gold will fall back again and test the support of 3320-3300 area after consuming the bullish energy. So for short-term trading, first of all, I advocate shorting gold in the 3340-3350 area, and expect gold to retreat to the 3320-3300 area during the consolidation process.
OANDA:XAUUSDShort
by Trading_Steffen
XAUUSD/GOLD: Gold remains offered below 3300Gold gave up Thursday’s gains and fell back toward the 3260 per troy ounce level by the end of the week, as improving market sentiment — driven by hopes for positive progress in the US-China trade dispute — weighed on safe-haven demand. The overheated gold rally appears to be due for further cooling. Traders seem to be buying into rumors that a trade agreement between the US and China could be reached soon, even though China has publicly refuted those claims. The risk is that markets may be misreading the US’s language regarding whether the two sides are merely "talking" or actually "negotiating," which could mean that a deal remains far off — potentially leading to another move back toward 3500. From a technical perspective, the daily Pivot Point at 3335 is the first key upside level that needs to be regained. Early in Friday’s session, there was a brief attempt to test the R1 intraday resistance near 3381. Should momentum continue, gold prices could extend the rally toward the R2 resistance at 3414, breaking above the 3400 mark. On the downside, the S1 support was briefly breached this morning, but price action has since recovered back above it at 3302. Below that, the S2 support at 3256 comes into focus, followed by the key technical floor near 3245, which aligns with the April 11 high.
OANDA:XAUUSDShort
by xauusd_rr
1
Continue to short gold after the reboundGold's decline yesterday found support around the 2888 level before staging a rebound, and it has now recovered to the 2925 area. Although the bulls have begun their counterattack, their momentum appears significantly weaker compared to previous recoveries, indicating a growing lack of confidence among bullish participants. Yesterday’s downward breakout from a period of sideways consolidation pushed gold through multiple key support levels and decisively breached the 2900 mark. This demonstrated strengthening bearish momentum, driven by profit-taking from earlier positions and an influx of panic-driven selling. Despite the current rebound, it’s likely just a technical correction following the sharp drop, providing more opportunities to short gold. As gold’s price action shifts lower, the 2925-2935 zone now stands out as a prominent short-term resistance area. For short-term trades, we can use this zone as a key level to initiate fresh short positions. Gold is likely to retest the 2890 support area, and a decisive break below this level could open the path for further declines toward the 2870-2860 region. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin
XAUUSD How to deal with fake outs (tutorial) Good morning gold gang! Im back with another educational piece this weekend getting ready for market open. In this weeks i want to look at the fakeout. The fakeout is a false breakout of the key level. When price moves and closes outside of the level, the next step is to enter the trade. Sometimes what happens is price will close then shoot back up into the range. This is a fakeout. The way i deal with them is i always make sure my entry is a pip or 2 after the wick of the previous candle .. normally what happens is the next candle will open before the wick and saving you from the entry. If this doesnt happen, then you take the loss like a man/woman/person and move on. What NOT to do is change bias and take buys (in this case) as you can get faked out this way too .. a change in bias would be above the next htf resistance or key level. Hope this was educational guys .. please like and follow along for more XAUUSD updates. I post daily and you dont want to miss them. tommyXAU
OANDA:XAUUSDEducation
by tommyXAU
2
Gold: These Two Levels Can Change The XAUUSD TrendAdvice For Day Traders: XAUUSD is not tradable between the range of 1766 to 1745 . They are trend changer levels. Gold's Simplified Trading Strategy: According to Elliott Wave theory, it was in a corrective wave. It has completed the ABC, and now gold can start marching for a new impulse phase. Therefore, we can expect the gold's target price 1782 - 1790+ . In simple language, you should wait for the breakout of 1766 or 1745 . Because of that's a crucial level for XAUUSD traders. If gold will breakdown the 1745 level, then the downtrend will begin. And that downtrend can drag it down up to 1730 - 1706 - 1686 . Please note, don’t forget to watch significant releases or events mentioned above in the chart that may affect the movement of gold, silver, and crude oil. Tuesday, Sep 21, 2021 18:00 Building Permits (Aug) - Medium Impact Wednesday, Sep 22, 2021 02:00 API Weekly Crude Oil Stock - Medium Impact 19:30 Existing Home Sales (Aug) - Medium Impact 20:00 Crude Oil Inventories - High Impact 23:30 FOMC & Fed Interest Rate Decision - High Impact Thursday, Sep 23, 2021 00:00 FOMC Press Conference - High Impact 18:00 Initial Jobless Claims - Medium Impact Friday, Oct 01, 2021 18:00 PS MoM - Medium Impact 19:15 Manufacturing PMI - Medium Impact 19:30 Michigan Consumer Sentiment - Medium Impact
OANDA:XAUUSD
by forextidings
15
What To Expect Next For Gold?If you followed my previous posts, you are certainly loving the profits that came forth. The gold did break through, and dare I say, it is now going to rebound back up for a retest. The chart above has nothing new added to it. The reason I am sharing this is to show you the trendline resistance that I had already drawn in my earlier charts. The trendline acted as a force to be reckoned with, and the lower highs were all but indicative of a collapse. This tied in nicely with the recent reports that came out. Now, we come to address the elephant in the room. "What on earth should we expect next?" So far, it seems like the buyers and sellers are in a bit of indecision about whether to move up or down. The next few hours will play a critical role. It is possible that we may see Gold rise back up to retest its lost ground. Refer to my earlier post Gold - The bigger picture where I have highlighted the overall scenario. For now, I would suggest refraining from trading Gold. If you have the power to hold your ground, I would suggest going long. Best of luck, and remember, trading is risky, but the rewards are well worth it.
FOREXCOM:XAUUSD
by sohrabkhanlive86
XAU/USD slips to 1,303.75Morning outlook - XAU/USD slips to 1,303.75 Yesterday the American Dollar continued to strengthen against the yellow metal and even managed to form a little descending triangle, whose lower support line matched with the upper boundary of a former long-term ascending channel. In the early Thursday morning the bullion lost another 0.33% and slipped below the 100-hour SMA. On the one hand, a forming downtrend suggests that the plunge can continue at least until the 200-hour SMA near 1,295.80. On the other hand, over the last three days appreciation of the buck was mainly driven by various fundamental events. In contrast, today there will be no significant data releases that could give the Dollar a necessary impulse for the further surge.
FX_IDC:XAUUSD
by UnknownUnicorn890690