Gold breaks upward, space opens up
📌 Driving events
Internationally, US media reported that US intelligence agencies found that Israel was preparing to attack Iran's nuclear facilities, and gold and crude oil both soared in the short term.
Recently, the Iran nuclear talks and the Russia-Ukraine talks were carried out simultaneously, and the market risk aversion sentiment fluctuated greatly
📊Comment analysis
While the medium and long-term outlook continues to be bullish on gold's performance this year, short-term operations are mainly based on news. Pay attention to light positions and maintain flexibility in short-term operations.
💰Strategy Package
🔥Buy Gold Zone: 3310-3315 SL 3307 Scalping
TP1: $3318
TP2: $3325
TP3: $3330
🔥Sell Gold Zone: 3354-3356 SL 3361
TP1: $3345
TP2: $3332
TP3: $3320
🔥Buy Gold Zone: $3252 - $3250 SL $3245
TP1: $3260
TP2: $3270
TP3: $3280
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Xauusdtrading
Gold breaks through 3300, where is the next stop
📌 Driving events
Beth Hammack, president of the Federal Reserve Bank of Cleveland, stressed that the current US government's policies make it increasingly challenging for the Federal Reserve to effectively guide the economy and fulfill its dual mission of maintaining price stability and full employment. She also warned that the risk of a stagflationary environment (characterized by stagnant growth and persistent inflation) is rising. In contrast, Alberto Musalem, president of the Federal Reserve Bank of St. Louis, recently said that the current monetary policy stance is still appropriately adjusted.
Despite rising US Treasury yields, gold has struggled to gain support, indicating that higher yields alone are not enough to drive safe-haven demand under the current circumstances.
However, global monetary easing policies may provide support for this precious metal. In the latest moves during the Asian trading session, the People's Bank of China (PBoC) cut its benchmark interest rate, followed by the Reserve Bank of Australia (RBA) unexpectedly cutting the cash rate from 4.10% to 3.85% - moves that usually support non-yielding assets such as gold.
📊Comment Analysis
Spot gold prices have extended gains in recent intraday trading, taking advantage of its stability above EMA50 and trading along a bullish trend line on a short-term basis, strengthening its ability to reach the main resistance level of $3,300 and break it. Some weak signals have appeared on technical indicators. We noticed that a negative overlap signal has formed on the RSI, and after reaching overbought levels, this indicates that a temporary adjustment is needed on the upward action. Therefore, gold has reduced some of its early gains and waited for clearer signals to continue the bullish trend.
💰Strategy Package
🔥Sell Gold Zone: 3354-3356 SL 3361
TP1: $3345
TP2: $3332
TP3: $3320
🔥Buy Gold Zone: $3252 - $3250 SL $3245
TP1: $3260
TP2: $3270
TP3: $3280
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Ready to Rob the Gold Market? XAU/USD Heist Plan Revealed!🌟 Gold Heist Masterplan: XAU/USD Profit Raid 🚀💰
Thieves and profit hunters! 🤑 Ready to raid the XAU/USD gold market? This *Thief Trading Style* fuses sharp technicals with key fundamentals for a slick long-entry plan targeting the high-stakes Red Zone. Let’s grab those gains! 📈🎯
**Entry Plan 📈**
Strike when the breakout hits! Watch for a Moving Average crossover at 3380.00 to jump in for bullish profits. 🔔
- Set *buy stop orders* above the MA for breakout trades.
- Prefer pullbacks? Place *buy limit orders* at recent swing low/high on 15M or 30M timeframes.
📌 *Tip*: Set a chart alert to catch the breakout candle in action! 🚨
**Stop Loss 🛑**
Guard your stash with a *Thief SL* at the recent 4H swing low/high (3200.00).
Tweak your SL based on risk tolerance, lot size, and open orders. Stay alert! 🔍
**Profit Target 🎯**
Aim high for 3680.00, or lock in gains early to avoid overplaying your hand. Stay disciplined! 💪
**Scalper’s Edge 👀**
Scalpers, stick to quick long-side trades. Big players can dive in now; smaller traders, ride the swing with a trailing SL to secure profits. 💰
**Market Pulse 💵**
XAU/USD is charging bullish, driven by macro trends, COT data, sentiment, quantitative signals, and intermarket flows. Keep your eyes on fast-moving fundamentals! 🌎📊
**Latest Market Snapshot (UTC+1, May 21, 2025)**
- *Forex (XAU/USD)*: Hovering around 3155.00, testing key 200-day SMA support after a 2%+ sell-off.
- *COT Report (May 16, 2025)*: Non-commercial net long positions up by 5,200 contracts, reflecting strong bullish sentiment among speculators.
- *Commodities & Metals*: Gold stabilizing near monthly lows; oil prices steady, supporting commodity-linked currencies.
- *Indices & Crypto*: Risk-on sentiment in global indices aligns with bullish XAU/USD bias; crypto inflows up $785M last week.
**Trading Caution 📰**
Steer clear of new trades during major news to avoid volatility spikes.
Use trailing stops to protect open positions and lock in profits. 🚫
**Power Up the Heist! 💥**
Smash that Boost Button to fuel our trading crew! 🤝 With the *Thief Trading Style*, we’re snatching profits daily. Watch for the next plan! 🐱👤🚀
Happy trading, and let’s stack that cash! 💸🎉
5/20 Gold Trading SignalsGood afternoon, everyone!
Last Friday and yesterday, gold did not reach our primary buy or sell zones, instead moving within a narrow range. We captured two trades, gaining about $32 in total movement, resulting in moderate but stable profits.
After opening today, the price pulled back toward the 3200 area, which holds technical support. However, resistance remains dense above, especially between 3226 and 3243. For bulls to break through, stronger momentum and volume will be required.
On the news front, there are no major economic events or key speeches scheduled today, so technical trading will dominate.
Currently, gold continues to consolidate. If intraday volatility remains limited, traders can look to buy low and sell high within the 3243–3189 range. Watch for resistance around 3226 and support at 3198 as key technical levels.
📌 Trading Strategy for Today:
🟢 Buy Zone: 3189 – 3168 (Near support, suitable for bottom fishing)
🔴 Sell Zone: 3267 – 3288 (Close to resistance, good for shorting)
🔄 Scalping/Flexible Zones:
▫️3198-3218-3226-3238-3247-3255
📌 Note: Maintain proper position sizing, set clear take-profit/stop-loss levels, and stay flexible. If there's unexpected news or a breakout during the U.S. session, strategies will be adjusted accordingly.
Gold fluctuates, and the profit range is in this area
📌 Driving events
After a phone call with Trump yesterday, Russian President Vladimir Putin said that efforts to end the war in Ukraine are on track and Moscow is ready to work with Ukraine on a memorandum of understanding for a future peace agreement. The United States has begun serious trade negotiations with the European Union, which has slightly improved investor sentiment. These negotiations broke the long-standing deadlock and brought some hope for more deals after Washington signed a framework agreement with the United Kingdom earlier this month. Trump had previously said that he could also reach an agreement with India, Japan and South Korea, but the negotiations with Japan seemed to be deadlocked over the issue of automobile tariffs.
📊Commentary Analysis
Gold prices fluctuated narrowly throughout the day, mainly due to the weakening of the US dollar and safe-haven demand after Moody's downgraded the US government's credit rating.
💰Strategy Package
For intraday short-term operations, pay attention to the 3200 area for long opportunities and defend 3193. Pay attention to the 3235 area for short opportunities and defend 3242.
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Rebound firmly short-sellingThe US dollar index continued to fall yesterday, breaking through the 100 integer mark, but the gold price did not break through the key resistance level. In the short term, we need to be alert to the risk of gold price correction. In addition, the three major US stock indexes have continued to rise recently, but the market risk appetite has decreased. We need to be alert to the market panic and liquidity tightening that may be caused by the stagnation of the US stock market's rise, which will put pressure on the gold market. Technically, the gold price was blocked at the important pressure level of 3250 yesterday, and the support below was at the 3200 mark. In the short term, it is still mainly range-bound. At present, the upper resistance is 3226-3233, and the lower support is 3189-3184. In terms of operation, it is recommended to rebound short and supplemented by callback long.
Operation strategy 1: It is recommended to rebound short at 3228-3235, and the target is 3210-3193.
Operation strategy 2: It is recommended to pull back to 3189-3185 and go long, and the target is 3215-3235.
Gold Trends and Trading StrategiesThe gold market continued to fluctuate yesterday, and the price was repeatedly under pressure at the key position of 3250. At the weekly level, gold prices tried to rebound after bottoming out on Friday, but the upper short-term moving average formed technical suppression, and the daily line closed with a cross star with long upper and lower shadows, and the long-short game was fierce. From a technical perspective, the 4-hour chart shows a descending channel pattern. The price rebounded after testing the lower track of the channel many times, but it has never effectively broken through the 3250 central axis suppression. The hourly chart shows that the market maintains a rhythm of shock correction. The current daily line has two Yins and one Yang, but it has not effectively broken the previous low. It is expected that the bottoming and rebounding mode may continue today. In terms of operation, it is recommended to pay attention to the 3260-3200 range, and rely on the upper and lower edges of the channel to implement a high-altitude low-multiple strategy.
Gold operation suggestions:
1. Short near the rebound of 3247-3252, target 3230-3220.
2. Go long near the retracement of 3206-3215, target 3230-3245.
Putin's phone call changed the market?
📌 Driving Events
Putin's "peace smoke bomb", gold is under short-term pressure
Just when gold was soaring due to risk aversion, a piece of news on Monday cooled the market instantly - after Putin and Trump talked on the phone, both sides released the signal that "Russia and Ukraine will soon ceasefire negotiations." Trump even announced loudly: "Russia and Ukraine will start ceasefire negotiations immediately!"
US President Trump said, "We will do everything we can to stop the conflict in Ukraine."
This news caused the market's risk appetite to rise briefly, and the gold price fell slightly to around $3,220 in the Asian market on Tuesday. But senior observers soon discovered that Putin's words were full of diplomatic rhetoric - he only said that the peace efforts were "on the right track" but did not promise a specific ceasefire time. Former Swedish Prime Minister Bilt pointed out: "This is Putin's victory. He successfully delayed the ceasefire pressure while continuing military operations."
Market truth: Geopolitical risks have not really subsided, and the safe-haven demand for gold is only a short respite.
📊Comment analysis
For investors, the question now is not "whether to buy gold", but "when to buy and how much to buy". At the moment when the global economic order is being reconstructed, the light of gold may have just begun to shine.
💰Strategy Package
Bullish breakout scenario: If the price breaks through the high of last Friday's rebound at $3,252 and continues to rise, you can go long with a light position near $3,260, targeting the $3,280-$3,290 range.
Bearish breakout scenario: If the price breaks below the key support level of $3,200 and further declines, you can go short near $3,190, targeting the $3,170-$3,160 range.
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose a lot size that matches your funds
- Profit is 4-7% of the capital account
- Stop loss is 1-3% of the capital account
Perfect grasp of key points Insight into market trendsWith the downgrade of the U.S. credit rating and the recent weak U.S. economic data, market expectations for a U.S. interest rate cut have increased. The U.S. dollar index has plummeted and is once again facing the 100 mark. Risk aversion sentiment has rebounded again, and gold has once again been sought after. It opened higher in the Asian session. However, we have mentioned the repetitiveness of sentiment many times recently, so we remind you not to chase the rise too much. We remind you to short near 3245, long at 3209, and short again near 3245. Both long and short positions are very accurate, giving perfect entry opportunities and successfully taking profits.
Judging from the current trend, gold is under pressure again in the European session near 3248, and the US session has fallen back. The short-term strength has turned into a wide sweep again. Focus on the gains and losses of 3230. If it falls below or looks at the gap area of 3206-3203, go long if it falls back and does not break. The upper pressure is still focused on the area near 3253-60. Short-term fluctuations are increasing. If there is any adjustment, we will notify you in time.
Operation suggestion: Go long in gold near 3206-03, look at 3230 and 3252!
Gold bottomed out and rebounded, US market ideas!
📊Comment analysis
During the European and American markets, the market rebounded to 3249. Before the rebound, it was mentioned that the first resistance today was around 3251, followed by the defense point of 3265. As expected, gold plunged slightly near the resistance level of 3251, and fell to 3227 at its lowest.
💰Strategy package
Short at the current price of 3239-40, add shorts near 3242 and 3245, stop loss 3253 target 3200-3165
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Gold Price Targets Fresh GainsGold Price Targets Fresh Gains
Gold price started a fresh increase above the $3,210 resistance level.
Important Takeaways for Gold Price Analysis Today
- Gold price started a steady increase from the $3,120 zone against the US Dollar.
- A connecting bullish trend line is forming with support at $3,210 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price found support near the $3,120 zone. The price formed a base and started a fresh increase above the $3,150 level.
The bulls cleared the $3,200 zone and the 50-hour simple moving average. There was also a spike above the 50% Fib retracement level of the downward move from the $3,347 swing high to the $3,120 low. The RSI is now above 50 and the price could aim for more gains.
Immediate resistance is near the 61.8% Fib retracement level of the downward move from the $3,347 swing high to the $3,120 low at $3,260.
The next major resistance is near the $3,295 level. An upside break above the $3,295 resistance could send Gold price toward $3,350. Any more gains may perhaps set the pace for an increase toward the $3,385 level.
Initial support on the downside is near the $3,210 zone. There is also a connecting bullish trend line forming with support at $3,210. If there is a downside break below the $3,210 support, the price might decline further.
In the stated case, the price might drop toward the $3,155 support. The next major support sits at $3,120. Any more losses might send the price toward the $3,060 level.
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.
5/19 Gold Trading Signals🔍 Market Overview:
Last Friday, gold prices entered the 3176–3148 buy zone, and after the market opened today, prices rose to 3249, yielding substantial profits.
From a technical perspective, the overall trend is still under the pressure of a double-top pattern. In the short term, price action remains in a range, but the lows are gradually rising. However, indicators are not yet favorable for bulls. In this case, if the bulls want to take control, then the support at 3182–3176 becomes extremely important during any pullback.
🗞️ News Background:
Trump’s tax cut bill has been approved by a key committee in the U.S. House of Representatives.
👉 This week, further progress must be closely monitored as it directly impacts gold's safe-haven demand.
If trade tensions flare up again, gold is likely to rise sharply due to renewed safe-haven demand.
If tensions continue to ease, downward pressure on gold will likely increase.
Also, watch out for any comments on monetary policy — if rate cut expectations increase, gold could face additional downside risk.
📈 Today’s Trading Strategy:
🟢 Buy Zone: 3196 – 3176
🔴 Sell Zone: 3293 – 3318
🔄 Scalp/Flexible Trading Zones:
3188-3209-3236-3252-3269-3282
Perfectly hold the pullback and continue to buy.Gold opened at around 3240 and then rushed to 3252 and then retreated. In the evening, we also gave a short position near the rebound to 3240. After all, there is a lot of pressure from above, and the technical side also needs to repair the strategy, so we gave a short position entry near 3237-38, and the target is 3215. As of the retracement, it reached the lowest point near 3206, which also successfully reached our target position. Today's Asian session high and retreat is completely a technical adjustment. It bottomed out and rebounded yesterday, with an increase of more than one hundred US dollars. The technical bulls are weak and need to pull back. This is why I gave the short position. Be a steady trader.
The gold market showed a V-shaped reversal pattern of bottoming out and rebounding yesterday. The daily line closed with a hammer-shaped positive line with an extremely long lower shadow, indicating that the support below is strong, but the overall high-level oscillation pattern is still maintained. Technical indicators show that short-term correction pressure still exists: the stochastic indicator is blunted at a high level, the MACD double-line dead cross is downward, and the Bollinger band opens downward. The gold price is likely to fluctuate around the middle and lower tracks.
The 4-hour level oscillates to the short side, and the 3200 line becomes the watershed between long and short. If it effectively falls below this level, the shorts will regain the initiative; on the contrary, the longs need to break through the strong resistance area of 3265-3270 to reverse the decline. At the close of the weekly line, the market has a demand for a restorative decline. If it falls below the 3200 integer mark, the target below will look at the 3180-3170 area. Focus on the effectiveness of the 3265-3270 resistance and the strength of the 3200 support, and be alert to the violent fluctuations in the closing market on Friday.
Gold recommendation: Go long when it falls back to around 3215-3205. Target 3230-40-50 first line
Gold rebounds above 3190, maintains
🔔 Driving Events
Gold prices (XAU/USD) failed to extend Thursday's sharp rebound from the $3,120 area (the lowest level since April 10) and faced selling pressure again during Friday's Asian session. The 90-day trade truce between China and the United States has relieved some of the pressure on global financial markets, suppressing demand for safe-haven metals.
Nevertheless, lingering geopolitical tensions and a weaker US dollar continue to provide potential support, limiting the downside for gold prices. In addition, the market's growing expectations for further interest rate cuts by the Federal Reserve may prevent traders from taking a strong bearish stance on gold in the short term.
📊Comment Analysis
Gold prices have recovered, and buyers are determined to keep gold prices stable around 3200 points in May. Waiting for new bullish momentum after the end of tariff negotiations
💰Strategy Package
🔥Sell Gold Zone: 3287-3290 SL 3294
TP1: $3270
TP2: $3260
TP3: $3250
🔥Buy Gold Zone: $3173 - $3175 SL $3168
TP1: $3188
TP2: $3200
TP3: $3218
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the lot size that matches your funds
- Profit is 4-7% of the capital account
- Stop loss is 1-3% of the capital account
Gold, false decline, real wash
📊Comment analysis
The recent surge and plunge of gold has also led to many different opinions on the market trend. If it rises, look at the ceiling, and if it falls, look at the floor. Most of them are such remarks, and the misleading nature of such remarks can be imagined. The first time I chased more at 3500, it was okay. After the beginning of the month, I soon got the opportunity to get out of the trap. But those who chased higher at 3400 twice last week were not so lucky. Opportunities cannot always be there, and not every time you can survive.
Once you have the idea of standing guard or holding on, it means you will lose. In the face of huge fluctuations in prices, short-term card points, and few positions can be grasped. You can't just rely on a rumor on the Internet to chase shorts and look at bear markets when prices fall, and chase longs and look at bull markets when prices rise. Investing and trading are two different things. Investment is a direction, focusing on large cycles, large directions, long-term, and profiting by time. Trading, on the other hand, makes money by rhythm and fluctuations, which are completely two concepts.
I have always said that the general direction is bullish and the rhythm is to get on board after every retracement. The transaction is divided into short, medium and long. The short-term is limited to intraday. Whether it is right or wrong, it is settled on the same day. The medium-term wave band, after each large retracement, insist on getting on board in batches, and leave after a phased rise. For the long-term, after each large retracement, build positions in batches and hold for a long time. First, make the logic clear, and then talk about the operation. We can't achieve the lowest or highest, but as long as we achieve a relatively low or high position, it will be fine.
The core of investment is the cycle, and the core of trading is the rhythm. If the rhythm is right, everything is right.
In the face of the sharp rise and fall of gold, first, don't hold a heavy position, and second, as long as it is not a relatively high or relatively low chasing order, there is no need to panic. First, if you hold a heavy position, first of all, you can't withstand the fluctuations, you can only bet on the win or loss of one order, and there will be no next chance. Secondly, as long as you chase long at high positions and short at low positions, even if you have a light position, you will not have a chance to get out of the trap, and you can only make up for the loss through new transactions. There is no other way, but to achieve unity of knowledge and action, and don't think about it. Heavy positions, plus chasing back and forth, plus the world lock, will only die faster and will not get out of the trap. Take care of yourself.
Let's talk about the market. First of all, the bull is still there. Secondly, the sharp drop and surge are wash-outs and adjustments, not the peak, but the base is large and the amplitude is large, so you have to reduce your position. At present, it is a large-scale range shock wash-out adjustment at the daily level, and a weekly level retracement, not the peak. It will be very clear if you look at the big cycle, and you must not listen to the rumors flying all over the sky. If it rises, chase high to see new highs, and if it falls, chase short to see new lows. It is not advisable. Again, remember one thing, grasp the relative highs and lows, let the wind and waves rise, and sit on the fishing boat steadily.
After the U.S. market plummeted, it directly reversed and surged. This kind of market will not continue. Don't chase it. Don't see the plummet and then the surge, and then shout that the bottom has been reached. The plummet means the peak, and the surge means the bottom has been reached. Isn't it a life-and-death situation every day?
The U.S. market directly talked about the next area. After the sell-off, gold rebounded sharply yesterday, which gave the trapped orders an opportunity to escape, not a direct reversal. Next, gold will enter a large range of shocks and washes with 3260 as resistance and 3150-3120 as support. After the shock, it will finally experience a wave of sell-offs and break the new low, and then it will bottom out. The bottoming logic is the same as the May Day period. Before May Day, gold continued to maintain above 3260 for washing. After May Day, it directly broke below 3260 and touched 3200 and then rose. Next, it will be the same. After a period of washing and shock, it will fall below the low of 3120 again, hit a new low and bottom out, and start to rise. The rhythm is like this, it depends entirely on courage, patience and technology, chasing ups and downs is not advisable. The rhythm is like this, watch more and do less, hold tight, and fasten your seat belts.
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the capital account
- Stop loss is 1-3% of the capital account
Gold rebounded to the expected position, 3205 short!
📌 Driving Event
The announcement of a 90-day trade truce between the world's two largest economies also helped ease recession concerns in the United States, prompting investors to reduce expectations for aggressive monetary easing by the Federal Reserve (FED). This shift supports the continued rise in U.S. Treasury yields, further suppressing demand for interest-free gold.
📊 Commentary Analysis
Today, the price of gold fell to its lowest point in more than a month. It once hit the lowest level since April 10 at 3120, and then rebounded to the 3200 line, and the volatility increased again!
💰 Strategy Package
Short position:
Actively participate in 3200-3203 points, with a profit target around 3120 points
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose a lot size that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Gold continues to fall seize the opportunity to enter the market
📌 Driving factors
China-US container shipping routes rose sharply - factories rushed to produce overnight, taking advantage of the tariff cooling-off period, those who should stock up are working overtime to complete the tasks. This is the situation seen on the first day after the tariff reduction, indicating the complementarity between China-US trade.
The long-awaited US-Japan and European and American tariffs have not yet ushered in substantial benefits, but Europe said that this is an unfair negotiation and has not been concluded yet.
Trump went to the Middle East and signed a 100 billion weapons order, stabilizing the Middle East before Europe.
📊Comment analysis
The Asian session fell in the morning, pay attention to a few points:
1. The upper watershed opened at 3193 in the morning, the short watershed.
2. Directly break the 3168 long watershed, the next support is at 3145, 3130.
3. For now, the Asian session will continue to fall in a cycle, the European session will pull back after breaking the bottom, and the US session will continue to retreat.
💰Strategy Package
For short-term operations, short selling can be done near 3166, stop loss 3169, target 3140, 3135.
Labaron believes
Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning profits is a stage medal, and long-term stable and continuous profits are the only proof of being able to stand up from the sea of blood and corpses.
Gold rebounds weakly, US market ideas for reference!
📌 Driving factors
As Sino-US trade tensions ease, market concerns about a global recession ease, investors' risk appetite rises, and gold's attractiveness as a safe-haven asset declines, gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening gold's safe-haven appeal in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large-scale selling!
📊Commentary Analysis
After gold fell below 3200 in the US market, it rebounded to 3198 at its highest. This rebound was just an oversold rebound, and then continued to fall back. Although it has not refreshed the low for the time being, the pattern has weakened, and it is difficult to get up again in the early morning. Weak shorts can't even get past 3198, and the short-term support below is around 3160.
The daily cycle is constructed based on the M-head pattern. 3200 is the long defensive position. If it fails to close, there will be a fall. The technical side has already experienced a major break. Pay attention to the change of thinking. If the adjustment range is large, it may even reach 2900/3000. It rises fast and falls fast, but the long-term logic of gold's rise remains unchanged. It is also an opportunity to lay out more positions, but the position needs to follow the market observation, which is difficult to predict at present.
💰Strategy Package
In the short term, we will rely on 3198 for defensive short selling. After breaking 3200, please note that even if it rebounds, we should follow the trend and short. If it rebounds upward, we should short at the golden section resistance of 3265.
Good luck to everyone!
Labaron believes that
Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning income is a stage medal, and long-term stable and continuous profit is the only certificate to finally stand up from the sea of corpses and blood.
Gold falls below 3200, continues to look at 3100
📌 Driving factors
As Sino-US trade tensions ease, market concerns about a global recession ease, investors' risk appetite rises, and gold's attractiveness as a safe-haven asset declines, gold prices fell on Wednesday (May 14). After the tariff truce announced over the weekend, the stock market rose sharply, weakening gold's safe-haven appeal in the short term, which was an important factor that pushed gold prices to new highs in the previous few months, and it is also the starting point for the current large-scale selling!
📊Commentary Analysis
The price trend of gold on Tuesday showed a significant repeated shock feature. Although it ended up rising, it experienced two tortuous processes of first falling and then rising in the process, which led to a relatively limited overall increase. After the previous day's correction, the current 5-day moving average and the 10-day moving average formed a dead cross and continued to extend downward. From the perspective of intraday trading, the resistance level formed by these two moving averages has become the focus of market attention.
In the morning article, I repeatedly emphasized that gold is expected to break below 3200. Sure enough, it broke below without hesitation today. It is currently at 3185. The short position of gold near 3250 that we gave yesterday has expanded its profit again today, and it is easy to make a profit of nearly 100 points. Today, the US market operation is still mainly shorting, and it can continue to short near the rebound of 3200.
💰Strategy Package
Today, the US market operation is still mainly shorting, and it can continue to short near the rebound of 3200, with the target near 3170-3180.
Labaron believes
Guaranteeing the principal is the bottom line for survival, controlling risks is the armor for survival, earning income is a staged medal, and long-term stable and continuous profit is the only proof that it can finally stand up from the mountains of corpses and seas of blood.
Gold comprehensive analysis summaryTechnical analysis of gold: In recent trading days, gold has experienced a rapid decline during the Asian session, then stabilized and rebounded, fluctuated during the European session, and rebounded after rising in the US session. Today, under pressure during the Asian session, the high point of yesterday's US session, 3258-60, has already experienced a rapid decline. It depends on whether it can stabilize and rebound next. Overall, continue to pay attention to the medium-term support of 3202-07. Before breaking down, once the bulls stabilize, they will fill the gap of Monday's gap in the area of 3320-25; if it breaks down, it will open up the downward space, further 3160-3120, and then gradually fall to 3060 and the starting point of this round of bulls, 3000. The M top or W bottom we emphasized is still waiting for the market to choose!
From the hourly chart, gold is currently facing some downward pressure, especially since the current price has fallen below the previous support range. After falling below the support level, the gold price rebounded again, but this rebound failed to break through the original support level and turned into resistance, indicating that the price has not recovered effectively. For now, multiple rebounds have hit around 3257 to form a double top pattern, and the scope of short-term long and short consolidation has been reduced. Including today's Asian session decline, it did not fall below the 3220 US dollar line. The short-term consolidation range temporarily refers to the 3257-3220 US dollar range, and the break will be adjusted. Today, the 1-hour SAR indicator 3246 pressure is referenced above. If it breaks above, it will look at the recent double top 3257 pressure short. Secondly, look at the 3265-78 range multi-directional suppression short. It is recommended to refer to the Asian session low near 3220 for long below. If it breaks below, it will look at the 3207-3200 range for long. On the whole, today's short-term operation strategy for gold is mainly to do more on the pullback and short on the rebound. The short-term focus on the upper side is the 3257-3265 line of resistance, and the short-term focus on the lower side is the 3215-3220 line of support.
Gold operation strategy reference: short gold near 3250-3260, target near 3240-3230. Gold pullback near 3225-3220 to do more, target near 3240-3250.
Start buying gold and wait for a rebound.At the 4-hour level, the overall market judgment remains unchanged. In terms of the lower support level, 3208-3207 is the key support area. This position is not only the low point on Monday, but also an important support level formed by the previous starting point line extending to the present. As for the upper resistance level, first of all, we need to focus on yesterday's high point of 3265, which is also the previous shock low point. Secondly, the 3290-3293 area formed by the rebound after the gap-down opening on Monday is also a resistance range that cannot be ignored. In the short term, pay attention to the resistance line of 3260-3270 above, and pay attention to the support line of 3220-3210 below in the short term. Further support focuses on the 3200 mark.
Gold operation strategy: 3220-3210 long, target 3230-3250; gold rebounds to 3260-3265 short, target 3240-3220.