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Xauusdtrend

Gold retracement adjustment. Pay attention to the timing.Gold prices continued to fall today, hitting a low of $3,285, and are currently recovering briefly. I think there is room for profit in the long strategy, but the hourly line is only a single positive rise. Overall, the probability of volatility correction is still high. Compared with the short-term resistance position of 3,320, the correction is still within the normal range. From the 4-hour chart, the 60-day MA of $3,320 has a certain suppression position on the upward trend, followed by the 90-day MA of $3,285, which provides strong short-term support. Today's price drop also failed to break through this support position; so this week will continue to fluctuate sharply, and the large fluctuations up and down are to accumulate momentum for the next wave of rise. The basic operation strategy of the bulls has not changed, but just a halftime break. Operation strategy: Buy near $3,295, stop loss at $3,285, and the profit range is $3,320-3,330.
OANDA:XAUUSDLong
by Quaid-1
1
Economic data released. Start of a new trend?The international gold market suffered a sharp sell-off, and the spot gold price once fell below the key psychological mark of $3,300/ounce, reaching a low of $3,392.59, as the US dollar index rebounded from a low of more than a month and concerns about the international trade situation cooled down. The gold price is currently in a short-term recovery phase, and the downside risk is temporarily lifted. In the long run, the expansion of the US fiscal deficit may support the gold price; but in the short term, according to the latest data released by the United States, it is conducive to the long operation of gold, and the gold price will rise briefly. Gold is strong in the short term, but traders need to take profits in time to avoid unexpected events that cause trend changes. Overall, the short-term trend of gold prices is still subject to the US dollar, interest rate expectations and economic data, and the competition for the $3,300 mark will become the key. The US economic data is within the expected range, and gold has a short upward trend. Operation strategy: Buy near $3290, stop loss at $3280, profit range at $3320-3330.
OANDA:XAUUSDLong
by Quaid-1
1
Gold price pullback. How to trade?Information summary: On Monday, due to Trump's policy changes, high tariffs on the EU were suspended. The market's risk aversion sentiment has declined, and spot gold fell at the opening, but recovered some of its losses in the US market, maintaining a consolidation range of 3320-3355. When the US market opens, there must be large fluctuations. Gold recovered all the gains on Friday due to the increase in tariffs on the EU on Monday. Then, when the US market opens, it is very likely to rise sharply, and also recover the losses on Friday. And from the current gold 1-hour chart: The current trend line of gold has fallen below, and the early trading has also completed the retracement. Therefore, gold may go down next. There is a high probability that it will test the bottom support position of 3310-3300. From the daily chart: You can see that the daily chart is currently an important support position near 3300. Once it falls below 3300, it can be officially confirmed that the correction trend is coming. And the trend after the US market opens is critical. Operation strategy: Short immediately, stop loss 3335, profit range 3310-3300.
OANDA:XAUUSDShort
by Quaid-1
1
Gold continues to fluctuate. Interval analysis.Market analysis: Gold opened slightly lower on Monday and fell to around 3331 before rebounding. After being blocked near 3357, it began to fluctuate and fall. The lowest point in the European session fell to around 3324, and then the market stopped falling and fluctuated and rose. The US session continued to rise, and the daily line closed with a small negative line with a lower shadow. Gold showed a big positive trend last Friday, and closed negative on Monday for adjustment. The current 5-day moving average and the 10-day moving average form a golden cross and continue upward. This moving average pattern shows a certain bullish momentum. In the short term, focus on the support of the 5-day moving average, which is currently around 3330. When the price is above this moving average, the market fluctuates mainly on the strong side. The upper resistance level first looks at around 3365, which is the high point of last Friday. Before the price does not break through this resistance level strongly, the volatile market will remain. On the whole, today's focus will be on the support of the 3330-3326 area below, and the focus will be on the resistance near 3365 above. Operation strategy: Short at rebound near 3365, stop loss at 3375, profit range 3345-3330 Long at retracement near 3326, stop loss at 3316, profit range 3350-3370
OANDA:XAUUSD
by Quaid-1
Gold plunges. Downside meets?Spot gold fluctuates at high levels during the Asian session and is currently trading around $3,330. I think spot gold is expected to fall below the immediate support level of $3,330 per ounce and fall towards $3,284. Completion occurs near the key resistance level of $3,366, which is reinforced by similar resistance established by the descending trend line. Working together with these obstacles is another obstacle, namely $3,355, which is the retracement level of the downtrend from $3,501 to $3,120. The bearish divergence of the hourly RSI confirms that the rally has been exhausted and a sharp correction is imminent. Based on the changes in the Asian market today, an analysis was conducted. I hope my analysis can help you turn losses into profits in the trading market. Operation strategy: Short at $3,340, stop loss at $3,355, and profit range of $3,310-3,300.
OANDA:XAUUSDShort
by Quaid-1
Trump's tariff measures trigger market shocks 📌 Driving events Last Friday, as Trump threatened to raise tariffs on the European Union to 50%, and also pointed the finger at smartphone manufacturers such as Apple and Samsung, the market's risk aversion sentiment suddenly heated up, and spot gold closed up nearly 2% on the day. On Sunday local time, US President Trump announced after a call with European Commission President von der Leyen that he would extend the deadline for the European Union to face 50% tariffs to July 9. Trump told reporters on his way back to Washington on Sunday: "We had a very pleasant call, and I agree to postpone the deadline." Bloomberg analysis said that there are signs that US President Trump may relax his radical stance on EU trade, which will affect gold's safe-haven status. At the geopolitical level, the conflict between Israel and Iran is imminent. The Israeli army's shooting of a diplomatic delegation has triggered international condemnation. Netanyahu has maintained a tough stance in the Israeli-Kazakh conflict; Trump's mediation of a ceasefire between Russia and Ukraine has been frustrated. The Wall Street Journal revealed that when he spoke with the European side, he said that Putin believed that the Russian army was "winning", which contradicted his public statement. This week, the market focus shifted to the Fed's policy minutes, the Bank of Japan's rate hike expectations, European and American economic data, and OPEC+'s production increase plan. The interweaving of trade frictions, debt risks and geopolitical conflicts has kept the uncertainty of the global pattern high. 📊Comment Analysis The first support level for gold prices may be in the range of $3290-3300/ounce. If it falls below the above support, the next support for gold prices will be $3250/ounce and $3200/ounce (50-day moving average). On the upside, the first resistance for gold prices is $3370/ounce. If this obstacle is overcome, the next resistance for gold prices will be $3430/ounce and $3500/ounce (historical high). Labaron will digest a series of economic data to be released by the United States this week, such as durable goods and home sales, as well as the consumer confidence index. The U.S. stock market will be closed on Monday due to the Memorial Day holiday. 💰Strategy Package ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone : 3388- 3390 SL 3395 TP1: $3376 TP2: $3363 TP3: $3350 🔥BUY GOLD zone: $3301- $3299 SL $3294 TP1: $3312 TP2: $3325 TP3: $3338 ⭐️ 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
OANDA:XAUUSDLong
by Labaron
1
Gold (XAU/USD) Bullish Trade Setup – Breakout in ProgressTrend Overview 📈 Uptrend in Progress Price is moving within an ascending channel: 🔵 Support Line (bottom of channel) 🔺 Resistance Line (top of channel) Key Levels Current Price: ● 3,337.53 (📍) Trade Idea (Long Setup): 🔵 Entry Zone ● 3,306.85 – 3,302.98 (Wait for pullback into this area) 🟦 RBS + RBR ZONE – Previous resistance, now potential support 🔴 Stop Loss ● 3,265.51 💣 Protect your capital below support zone 🎯 Target ● 3,490 🚀 Bullish target based on breakout from channel and momentum 📉 EMA 70: ● 3,282.74 (📉 Red Line) Helps confirm trend direction. Price above EMA = Bullish bias. Outlook Summary ✅ Wait for a dip to entry zone ✅ Stop below recent support zone ✅ Target high at 3,490 if breakout continues
OANDA:XAUUSD
by Jameshead007
30
Tariffs are on the rise again, gold is jumping.Information summary: The Trump administration has once again launched a tariff war, threatening to impose a 50% tariff on the EU from June 1, and said that the negotiations between the United States and the EU have made no progress. Because the timing of this threat is quite delicate. Just earlier this week, the EU just submitted a new framework proposal to the US to restart bilateral trade negotiations. This directly led to a jump in gold. Faced with the tough stance of the United States, the EU is not without countermeasures. It is reported that the EU has formulated a contingency plan. If the negotiations fail, it will impose additional tariffs on US exports worth 95 billion euros in response to Trump's "reciprocal" taxation and 25% tariffs on automobiles and some parts, which will inevitably cause further impact on the market. Market analysis: Today, the European session was under pressure at 3335 and the correction method was adopted. This correction method can better show that the price is strong, and the bulls are not willing to give the bears too many opportunities. Therefore, the layout should be aggressive. The stronger the market, the less likely it will fall back. At the same time, the correction of the strong market will definitely not break the low for the second time. Operation strategy: Short near 3375, stop loss at 3380, and target 3350-3340. The price fell back to around 3335, and we will adopt a long strategy based on the downward trend.
OANDA:XAUUSDLong
by Quaid-1
Gold can be shorted near 3365-3370 in the US market 📌 Driving Events Gold prices fell about 0.48% on Thursday, retreating from a two-week high of $3,345 and falling below the key $3,300 level. Although U.S. Treasury yields retreated from intraday highs, the renewed strength of the U.S. dollar still pushed gold prices down. The pressure on gold intensified after the U.S. House of Representatives passed President Trump's budget proposal, which is now submitted to the Senate for final approval. At the time of writing, XAU/USD was trading at $3,289, down 0.83% on the day. Although the market sentiment has rebounded slightly, it remains fragile after Moody's recently downgraded the U.S. sovereign debt rating. The fiscal package approved by the House of Representatives is expected to increase the national debt ceiling by a staggering $4 trillion, which has exacerbated concerns about long-term fiscal sustainability. 📊Comment Analysis Gold is now facing strong resistance and buying power is weakening. 💰Strategy Package 🔥Sell Gold Zone: 3365- 3370 SL 3375 TP1: $3350 TP2: $3335 TP3: $3320 ⭐️ 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
OANDA:XAUUSDShort
by Labaron
1
Tariff threat. Gold prices rose sharply?Information summary: Gold prices climbed in the short term during trading after Trump threatened to impose new tariffs on the European Union, as this increased market uncertainty and increased demand for safe-haven assets. Trump said in a post on Truth Social that he suggested a 50% tariff on the European Union starting June 1, and complained that trade negotiations were stalled. After the news came out, gold prices rose rapidly, breaking the $3,345 resistance level, but did not stabilize above the $3,365 resistance level I predicted in the morning; it reached a high of around $3,360 and then fell back slightly. I think the short-term gains have been too large, and if there is a rapid adjustment, the amplitude will also be large. Technical analysis: From the 4-hour chart, gold prices continue to trade above all moving averages, and the 20-day moving average has broken through the 100-day and 200-day period moving averages. At present, indicators show that the upward momentum is not very strong. If the price breaks through the 3365 resistance level strongly, it may hit the cycle high of around 3380. Because of the weekend, if the resistance level fails to be broken strongly, the price may adjust in the range of 3360-3330 US dollars, and a new trend needs to be found.
OANDA:XAUUSD
by Quaid-1
Will gold continue to rise? Be alert on Friday.On Thursday, the US dollar rebounded after three consecutive days of decline and once returned to above the 100 mark, but failed to stand firm here. It is still maintaining at the 100 mark for consolidation. Due to the strengthening of the US dollar, gold began to retreat after hitting a high of 3345 yesterday, and once lost the 3300 US dollar mark, with the lowest reaching around 3280. First of all, from the current 4-hour chart of gold: In the Asian session, the lowest gold touched around 3290, and then rebounded. As of now, the highest reached around 3330. At present, 3310 should be a relatively important support position for gold. If it can be maintained above 3310, then gold may continue to rise. It can also be seen from the figure that once it continues to rise, 3345 is likely to be refreshed, and the highest should be around 3360. From the 1-hour chart: 3280-3330 range, around 3310 is exactly the current 618 position. Therefore, if gold cannot pull back below 3310 again, it is highly likely that it will continue to reach a new high. Secondly, as time goes by, the early low of 3290 can no longer be touched, and the current support is already near 3300. That is to say, it cannot fall below 3300 again. Once it falls below 3300, gold will refresh the low of 3280 and continue to fall. Operation strategy: If it can retreat to 3310 and stabilize, then we will go long at 3310. On the contrary, if it falls below 3310, then we will focus on 3300. Once it falls below 3300, the trend will go down. Then you can short at 3290-3300, and the profit range is around the early intensive trading area of 3260-3250.
OANDA:XAUUSD
by Quaid-1
How will the price of gold go? Prospect analysis is here.In the Asian session, spot gold rebounded modestly after a sharp drop in the previous trading day, and the price of gold is currently around $3,330. Gold prices lost some upside momentum on Thursday, but downside remains limited. Gold prices suffered a correction on Thursday, ending the previous three consecutive trading days of gains, mainly due to the rebound of the US dollar and traders taking profits after the price of gold hit a two-week high. Spot gold closed down $20.14, or 0.61%, at $3,294.81 per ounce on Thursday. We see gold encountering some profit-taking selling pressure after its recent gains, while a stronger U.S. dollar index is another bearish factor. However, affected by the turmoil in the global bond market, the gold market continues to be bullish and the decline is limited. Short-term technical analysis: Looking at the gold daily chart, the high point of gold prices on Thursday moved up from the previous trading day, while the low point moved down. Buyers continue to defend on the downside near the flat SMA 20-day, which provides support near $3,288.00. The 100-day and 200-day moving averages continue to move upwards at levels well below current gold prices, consistent with the dominant bullish trend. Finally, technical indicators have lost bullish power but are flat within positive levels, limiting the possibility of further declines. Looking at the 4-hour chart, there is no sign that gold will fall further. Gold prices continue to trade above all its moving averages, with the 20-period SMA crossing above the directionless 100-period SMA and 200-period SMA. Meanwhile, technical indicators are moving lower, but with limited downside power, they remain above their midlines. Short-term focus on important support and resistance levels: Support: $3,290; $3,270; $3,250. Resistance: $3,325; $3,345; $3,360. I hope my analysis can help you make profits easily in the trading market.
OANDA:XAUUSD
by Quaid-1
Dangers and opportunities for gold? Trend change?In early Asian trading, spot gold fluctuated in a narrow range and is currently trading around $3,300. After rising in the first three trading days of this week, gold prices briefly hit a two-week high of $3,345 in Asian trading on Thursday, then fell sharply and finally closed around $3,294. This rapid change hides the fierce struggle between the strengthening of the US dollar, the turmoil of US bonds and geopolitical changes. The rebound of the US dollar is the biggest pressure for the rise in gold prices. Another major pressure on the gold market comes from the sharp fluctuations in US bond yields. The 30-year US bond yield hit a 19-month high, reflecting the market's deep concerns about the $3.8 trillion in new debt. The cold auction of $16 billion in 20-year US bonds on Wednesday further confirmed the judgment that the demand for sovereign bonds is undergoing structural changes. The current gold market is being pulled by multiple forces. In the short term, the technical rebound of the US dollar and the selling of US bonds do pose pressure. But in-depth analysis shows that the pressure of currency depreciation brought by the $3.8 trillion fiscal expansion, the safe-haven demand caused by the damaged credit of US debt, and the risk of stagflation are three factors that are building long-term support for gold. I think the shadow of global bond market turmoil will become a potential factor for the bullish gold market. There are relatively few economic data during Asian trading hours. The focus should be on the annualized total number of new home sales in the United States in April after seasonal adjustment and the speeches of Federal Reserve officials, as well as news related to the geopolitical situation and the international trade situation. I will also analyze the latest international news and its impact on gold prices for you as soon as possible. Short-term operation strategy: First rise: short near 3345, stop loss 3255, profit range 3280-3270. First fall: long near 3275, stop loss 3265, profit range 3300-3310.
OANDA:XAUUSD
by Quaid-1
Gold is going down? Is the trend going to change?The previous rally continued in the early Asian session on Thursday, reaching a high of around 3345. However, it then began to fall rapidly. So far, gold has fallen below the 3300 mark again, with the lowest point reaching around 3280. From the daily chart: Gold is currently at 3280, which is the moving average support position. If it falls below 3280, the market will test 3250-3260 below. This position is not only the current daily moving average support position, but also an important barrier position in the past. This is an important suppression position for the upward trend of gold this time. Similarly, if it wants to fall, 3250-60 is also an important support position. Secondly, let's look at the 4-hour chart: If it really falls below the bottom of the range at 3280, then as I said above, it will test 3250-3260. However, if it fails to break the support near 3280, it is very likely to maintain consolidation in the 4-hour range. And from the range point of view, the fluctuation range is very large. It is basically maintained in the range of 3320-3280, which is about 40 US dollars. I suggest that we should still pay attention to whether the support here at 3280 can stabilize. If it can stabilize at this position, and there is a bottom signal at 3280, then you can go long near 3280. Sell high and buy low according to the range of 3280-3320. On the contrary, if it falls below the support of 3280, don’t go long. It is very likely to directly test the support position of 3250-60 later.
OANDA:XAUUSD
by Quaid-1
1
Gold consolidates. Changing trend?Asian market: Gold continues to rise, and the current highest is near the high of $3345. The next trend is very critical, let's look at it from the 4-hour chart. It can be seen that there is absolute suppression at $3340. It is just near the top of the trend line, and it is difficult to break through directly. Therefore, it will definitely be maintained near $3340 for consolidation in the future. In addition, from the 1-hour chart: I think the most critical bottom support position today is $3315. As long as gold is above this point, it will be in a consolidation and rise, or it will be maintained at $3315-3340 for consolidation. The position above that needs to be paid attention to is near $3350. Once it breaks through $3340 and stabilizes above $3350, gold may rise further to test $3360-3370. However, if gold falls below $3315, it may trigger a sharp decline. Operation strategy: I suggest you focus on the fluctuation range of 3315-3340 USD and buy low and sell high. However, it should be noted that once the upper or lower range is broken, you should be alert to the possible trend change.
OANDA:XAUUSD
by Quaid-1
1
Is the gold price far from 3,400?Information summary: The trade war is a continuous war, and it has just begun. During Trump's four years in office, trade conflicts will continue to occur. Trade conflicts are means, not ends. The goal of the United States is to transfuse blood to its own economy through trade negotiations. In addition, US inflation fell to a historic low of 2.3% in April. The Federal Reserve has not cut interest rates on the grounds that inflation will rebound. The Federal Reserve can't hold on for long. Cutting interest rates is the only antidote to boost the economy, and it is also a special medicine. Next, once the Federal Reserve releases the wind of interest rate cuts, the market's risk aversion will be ignited again. In June, 6 trillion US bonds will mature. Regardless of the result this time, market sentiment will be worried, which is the key to driving price fluctuations. Market analysis: The 1-hour gold price broke through yesterday's high of $3,320. The previous pressure formed a new top-bottom conversion position, and the strong market was only a small correction in the middle. There is no need to worry about whether it will peak, but there must be a standard for judging the peak; this standard is: breaking the support position before the last decline, and the second rebound does not set a new high. Operation strategy: Go long when the price falls back to around $3,330, stop loss at $3,320, and profit range at $3,365-3,380.
OANDA:XAUUSDLong
by Quaid-1
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
OANDA:XAUUSDShort
by Labaron
1
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
OANDA:XAUUSDLong
by Labaron
1
Gold fluctuates. Will it break through resistance and start to rWe analyzed the fundamentals and technical aspects comprehensively over the weekend, and the overall trend tends to be upward. The Asian market opened, and the price rose to around $3,250 and fell back; in yesterday's analysis, I thought that the Asian market would rise rapidly after the opening due to the impact of the US sovereign credit rating. As I predicted, the opening in the morning quickly rose to the intraday high of $3,250, and then began to fall. Finally, it fell to $3,210 and strengthened again, and the trend was the same as my analysis. From the current market, gold continues to fluctuate greatly. It is relatively strong at present, but it is suppressed by the $3,250-3,255 area. Therefore, it is expected that the price will continue to rise after adjustments below $3,250; if the price stabilizes above $3,210, there is still room for the price to rise. Below this, it will start a downtrend that could potentially hit last week’s cycle low of $3,150. In the short term, we need to pay attention to the support level of $3225. If it breaks through the resistance level of $3250-55, it will open up room for growth. We will further pay attention to the high point of $3270-3290. Until the price breaks through the upward resistance zone of $3250-3255 with a strong force, it is recommended not to adopt a long strategy.
OANDA:XAUUSD
by Quaid-1
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.
FXOPEN:XAUUSD
by FXOpen
1
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
FOREXCOM:XAUUSDLong
by China_MsWang
Gold is rising strongly? Beware of a sharp rise to the high poinThe US sovereign credit rating was downgraded from AAA to Aa1; affected by this, gold opened sharply higher in the Asian market on Monday, and the highest so far is around 3250. However, 3250 is not the high point at present, and it is only warming up in the Asian market. The important thing should be in the European and American markets. Such a major breaking news must be seen in the US stock market. If gold can continue to rush above 3250 in the short term, then we will see 3280-3300 later. It is not ruled out that the Asian market will continue to fluctuate sideways in the short term, but I think it will still rise. The high point of 3250 may be broken at any time. From the 4-hour chart: This K line is very strong. Once this K line closes above 3230, the highest high point can be seen from the 4-hour chart here. Judging from the current trend, I think the gold price is bullish as long as it is above 3200 in the Asian market. The lowest price in the Asian market in the morning retreated to around 3210, so it is not known whether it will retreat to around 3200. Then, for the short-term strategy, you can go long around 3210, with 3200 as the stop loss position. As long as the upper target stands at 3250, you can continue to see the profit range of 3280-3300.
OANDA:XAUUSDLong
by Quaid-1