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GOLD – Tariffs and PCE Data Keep Bears in Focus Below 3,758GOLD – Overview Gold prices edged higher in early trade as President Trump’s new tariffs and rising geopolitical tensions over Russian incursions into NATO airspace boosted safe-haven demand. ETF holdings remain at their highest levels since 2022, while investors await today’s key U.S. PCE inflation data for fresh signals on the Federal Reserve’s rate path. Stronger U.S. GDP growth and lower jobless claims have slightly eased labor market concerns, adding to market uncertainty ahead of the release. Technical View Gold is attempting to stabilize below the 3,758 pivot line, keeping short-term pressure on the downside while awaiting PCE results. Bearish Scenario: As long as price trades below 3,758, bearish momentum targets 3,736 → 3,714 → 3,700. Bullish Scenario: A confirmed 15-min close above 3,758 would invalidate the bearish setup and support a push toward 3,780 → 3,801. Key Levels Pivot: 3,758 Resistance: 3,780 – 3,801 Support: 3,736 – 3,714 – 3,700 Trading Plan: Gold remains bearish below 3,758, with 3,736 and 3,714 as immediate downside targets. Today’s PCE data will decide whether price extends toward 3,700 or breaks higher toward 3,780 – 3,801.
OANDA:XAUUSDShort
by SroshMayi
Gold (XAU/USD) Intraday Technical Analysis – Sep 26Technical Overview Gold recently broke out of the previous consolidation zone (3,620 – 3,680 USD) and surged to a new resistance area around 3,780 – 3,790 USD. Following this rally, price has retraced and formed a short-term corrective pattern marked as A-B-C on the chart. Key Levels Level 3,720; Short-term intraday support, point A of corrective move Support Zone 2 Level 3,620; Strong historical support, bottom of prior consolidation Resistance Zone Level 3,780 – 3,790; Major swing high, key supply area Immediate Pivot Level 3,750 Current market congestion, potential short-term indecision Price Structure & Behavior Uptrend Momentum: The red arrow highlights the strong bullish move from 3,640 to 3,780, fueled by buyers breaking the previous consolidation. Corrective Pattern: After hitting resistance, price retraced to point A (3,720 area) and bounced to point B (~3,755), forming an ABC corrective structure. Potential Continuation: The chart suggests a possible C leg down toward 3,720 if resistance holds at B, completing the corrective move before the next bullish attempt. Indicators & Confluence EMA: Price is currently hovering around the 20 EMA, signaling near-term indecision. Watch for rejection or clean break for confirmation. RSI: Approaching 60, showing slight bullish bias but not overbought. A downward move would confirm C leg continuation. Fibonacci: The retracement from 3,640 → 3,780 aligns with 38.2% – 50% Fib retracement for point C (~3,720), supporting this corrective target. Trading Strategies 1. Aggressive Short (Countertrend) Entry: Around 3,755 – 3,760 (near point B resistance) Target: 3,720 (point C) Stop Loss: Above 3,780 Notes: High probability intraday short, but risk if breakout occurs. 2. Trend Continuation Long Entry: Break above 3,780 with strong 1H candle close Target: 3,810 – 3,820 Stop Loss: 3,760 Notes: Only enter if resistance at 3,780 is decisively broken. 3. Range/Scalping Buy near 3,720 – 3,725 Sell near 3,755 – 3,760 Quick scalps within ABC correction zone, ideal for 1H intraday traders. Summary Gold is consolidating after a strong rally, forming a classic ABC correction. The 3,720 support zone and 3,780 resistance zone are critical levels. Traders can look for a short-term C leg drop before continuation, or wait for a break above 3,780 for trend-following long setups.
OANDA:XAUUSD
by Henrybillion
4
GOLD Will Go Up From Support! Long! Take a look at our analysis for GOLD. Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 3,749.63. Considering the today's price action, probabilities will be high to see a movement to 3,758.56. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
TRADENATION:XAUUSDLong
by SignalProvider
1
Gold XAUUSD Intraday Setup 26.09.2025Price is currently approaching the supply/resistance zone between 3757–3761, where multiple rejections and liquidity sweeps have previously occurred. The expectation is for sellers to step in within this region, making it a high-probability entry for shorts. The stop loss is set at 3774, just above the recent swing high and invalidation point, ensuring protection against a breakout scenario. The downside target is 3719, which aligns with the next significant support level and prior demand zone, offering a clean risk-to-reward structure. If price reacts as anticipated from the marked zone, we could see a sharp move down toward the target, making this setup attractive for traders looking to capitalize on bearish continuation.
OANDA:XAUUSDShort
by QuinnReed_Charts
CRUDE OIL (WTI): Strong Intraday Confirmation A quick follow-up for the yesterday's analysis on WTI Crude Oil. The price went up as I predicted. The market managed to violate a resistance line of a bullish flag pattern on an hourly time frame, providing a strong intraday confirmation. The price will likely grow more and reach 65.58 level after a completion of a retracement. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
FX:USOILLong
by VasilyTrader
1
Wave 5 is about to start – today just time your Buy right!📊 Wave Perspective The market is still following the scenario of one more wave 5 increase. It is expected that on Friday morning, the price may move around 3765 to confirm the continuation trend. After confirmation, there will be 2 important zones to time your Buy for the big wave. ✅ Trading Plan Zone 1: High Entry – Main Priority Entry: 3749 – 3751 SL: 3746 TP: 3792 This is the first buying point, suitable for those who want to enter the wave early following the trend. Zone 2: Backup Entry – Last Support Entry: 3738 – 3736 Maximum SL: 3730 TP: 3792 This is a strong support zone, if the price breaks zone 1, this will be the "timing" zone to re-enter. Note: Since this is a backup entry, reduce Lot size, widen SL a bit, and tighten SL when the price matches to optimize risk. 📌 Capital Management Note Every order must comply with SL to avoid risks. Prioritize entering orders according to the big wave plan, avoid FOMO. EA setup: should be set to Only Buy according to the upward wave perspective. Analysis perspective is for reference only, combine with personal view before entering orders. 🎯 Expectation If the scenario is correct, the price may complete wave 5 at target 3792. Upon reaching TP, partial take profit can be done to secure profits.
OANDA:XAUUSDLong
by Linda_OneShotTrader
Pay attention to the triangle pattern to determine the direction#XAUUSD OANDA:XAUUSD Currently, the overall gold price trend remains within a triangular consolidation pattern. As time progresses, the short-term resistance level has moved to 3750. As usual, to avoid false breakouts, allow for a buffer of around $5. In the European session, pay attention to the suppression of 3750-3755. If it fails to effectively break through 3755, you can continue to short gold. On the contrary, once it stabilizes above 3755, wait for a pullback and go long. Support levels to watch are 3730-3720. For short-term trading, adopt a buy-low, sell-high strategy within the 3750-3720 range, with profit targets of $10-$30, until the triangle pattern is broken. It is also worth noting that 3710-3700 below is still the key support. If it breaks through the 3720 triangle boundary, you can hold a short position and expect a decline, but do not chase the short position too much.
OANDA:XAUUSDLong
by Trading-Magician_G
Gold under EMA pressure Buy at support,short scalp at resistance🟡 XAU/USD – Captain Vincent ⚓ 🔎 Captain’s Log – Context & News FED : Probability of a 25bps cut in October is 91.09% → almost certain. US Calendar today : GDP, Jobless Claims, Durable Goods Orders, and especially speeches from 3 FED officials → strong volatility expected. Gold yesterday : Dropped deeply but reacted precisely at key support → according to Vincent, this sell-off was mainly due to investors being cautious ahead of tomorrow’s CPI data. ⏩ Captain’s Summary : Short-term waves are pressured by EMAs, but the bigger voyage remains bullish – sailors prioritize Buy at Golden Harbor, only Quick Boarding 🚤 when facing Storm Breaker. 📈 Captain’s Chart – Technical Analysis (H30, EMA 34 & EMA 89) EMA : EMA 34 (yellow) crossing below EMA 89 (red) → short-term bearish signal. Trend : Overall still bullish, with Bullish OBs and Buy Zones below acting as strong supports. Storm Breaker (Resistance / Sell Zone) 3,769 – 3,777 (Bearish OB) Golden Harbor (Support / Buy Zone) 3,734 – 3,718 (Bullish OB) 3,687 – 3,685 (Buy Zone OB) 3,650 – 3,648 (Deeper Buy Zone, confluence with EMA 89) 🎯 Captain’s Map – Trade Plan ⚡ Sell (short-term scalp) Entry: 3,776 – 3,773 SL: 3,783 TP: 3,770 – 3,765 – 3,760 – 3,755 – 3,750 ✅ Buy (main priority) Buy Zone 1 (OB) Entry: 3,687 – 3,685 SL: 3,678 TP: 3,700 – 3,705 – 3,710 – 3,715 – 3,720 Buy Zone 2 (Deeper OB) Entry: 3,650 – 3,648 SL: 3,638 TP: 3,665 – 3,670 – 3,675 – 3,680 – 3,685 ⚓ Captain’s Note “The Golden sails are facing headwinds from short-term EMAs, but Golden Harbor 🏝️ (3,734 – 3,650) remains a solid support dock. Storm Breaker 🌊 (3,769 – 3,777) is only suitable for short Quick Boarding 🚤 scalps. Tonight, the US sea will bring big waves from data & FED speeches – sailors, tighten your sails and manage trades with discipline.” 📢 If you find Captain’s Log useful, don’t forget to Follow for the latest updates. 💬 Do you have a different view on Gold? Drop a comment and join the crew discussion!
OANDA:XAUUSDShort
by CaptainVincent
LiamTrading – XAUUSD Fibo & Volume Profile AnalysisLiamTrading – XAUUSD Today's Scenario: Fibo & Volume Profile Analysis Gold, after testing the 375x zone, has shown clear signs of weakening. On the H1 frame, the price structure is forming an adjustment phase as it aligns with key Fibonacci and Volume Profile levels. This is the time when the market begins to “filter” liquidity, creating opportunities for both short sell orders and buys at strong support zones. Technical Analysis Fibonacci indicates the 0.786 – 1.0 zone around 3756–3758 coincides with strong resistance and FVG, with a high potential for a reversal. Volume Profile points out the POC zone around 3735–3740; if breached, it will pave the way for deeper downward pressure. The confluence support zone 0.618 fibo + large volume around 3688–3691 is suitable for scalping buys. Further, the 3648–3651 area is reinforced by VAL and the volume profile bottom, making it a strong long-term “Buy zone.” Trading Plan Reference Sell zone: 3756 – 3758, SL 3763, TP 3750 – 3748 – 3736 – 3710 – 3690 – 3655 Buy scalping: 3688 – 3691, SL 3685, TP 3701 – 3715 – 3728 Long-term Buy zone: 3648 – 3651, SL 3640, TP 3670 – 3688 – 3700 – 3718 – 3733 – 3755 In summary, gold is moving according to the technical structure with confirmation from Fibonacci and Volume Profile. Today's scenario prioritizes observing reactions around the sell zone 3756–3758 to find short opportunities, and waiting to buy at value zones 369x and 365x for the recovery wave. This is my personal view on XAUUSD. If you want the fastest updates on the next gold scenarios, follow me and join the community to not miss out.
OANDA:XAUUSDShort
by LiamTradingFX
XAUUSD – Downtrend Continues to be FavoredDowntrend Continues to be Favored (Wolfe Waves Pattern H4) Hello Trader, Gold is following the Wolfe Waves structure on the H4 chart, after bouncing off the upper resistance zone and returning below the trendline. This indicates that the short-term upward momentum has weakened, and the scenario of a downward adjustment continues to be prioritized at this stage. Technical Analysis Wolfe Waves are clearly formed, wave 5 has hit resistance and a reversal signal has appeared. The price failed to hold above the upper trendline, while the MACD shows weakening upward momentum. The 3746 – 3748 zone is considered the main “sell zone” in the short term. Nearby support zones: 3709 – 3711 and deeper at 3675 – 3678. Further out, the area around 3650 is an important “buy zone” in the medium term. Trading Scenarios 1. Sell with the trend (priority) Entry: 3746 – 3748 SL: 3754 TP: 3733 → 3720 → 3702 → 3690 2. Buy Short-term Scalping Entry: 3709 – 3711 SL: 3705 TP: 3722 → 3730 → 3745 3. Buy Deep Support Scalping Entry: 3675 – 3678 SL: 3670 TP: 3688 → 3696 → 3710 → 3725 4. Medium-term Buy Zone Entry: around 3650 This is a large volume accumulation zone, coinciding with strong support on H4. This area is suitable for considering medium-term buy orders if the price adjusts deeply. Conclusion In the short term, the bearish scenario continues to be favored, especially when the price stays below the 3748 zone. Buy strategies should only be considered in the form of scalping or at the important buy zone around 3650. The current gold market is still in a distribution phase, so patience is needed to observe candle confirmations at entry zones to optimize the R:R ratio. This is today's XAUUSD trading scenario according to Wolfe Waves on H4. You can refer to it and combine it with your personal strategy for the best risk management. Follow me to receive the latest scenarios when the price structure changes.
OANDA:XAUUSDShort
by BrianLionCapital
Crude oil - Sell around 65.20, target 63.00-61.00Crude Oil Market Analysis: Crude oil has recently begun to surge higher, reaching around 65.40. Selling crude oil on the spot is recommended. Crude oil has reached the upper limit of the range, a level that has been repeatedly tested in recent trading. The recent range for crude oil is 66.00-60.00. We maintain a bearish outlook for the daily chart. Fundamental Analysis: This week's fundamentals have limited impact on the market. The US dollar has also begun to fluctuate. The market awaits new data to drive it. The Federal Reserve's interest rate cuts in October remain a key focus. Trading Recommendations: Crude oil - Sell around 65.20, target 63.00-61.00
NYMEX:CL1!Short
by GoldenBigAge
GOLD falls slightly, market awaits inflation dataIn the Asian trading session on Friday morning (September 26), spot OANDA:XAUUSD hovered around 3,747 USD/ounce, as if "listening" for important news: the upcoming US PCE inflation data. This is considered an information bomb that can cause the gold market, US Dollar and stocks to shake strongly. Earlier, on Thursday, gold lost steam when the number of unemployment claims in the US unexpectedly decreased. Specifically, the US Department of Labor reported that the week ending September 20 had only 218,000 applications, lower than the forecast of 235,000 and down 14,000 compared to the previous week. This news reduced the market's expectation that the Federal Reserve (Fed) would quickly cut interest rates. However, gold prices still closed up 0.36% at $3,749.36/ounce, after rising as much as 0.6%. Also in the week, gold hit a historic peak of $3,790.82/ounce on Tuesday, a figure that made many investors “just sit and watch the chart and sigh with regret, just like AD, reviving when preparing to go to the island”. According to CME's FedWatch tool, the possibility of the Fed cutting interest rates in October is now priced by the market at 85%, down from 90% before the employment data was released. In other words, the Fed is still holding the knife, just hasn't decided whether to cut the "interest rate" yet. The US Bureau of Economic Analysis will release its PCE index for August today. Forecasts show PCE rising 2.7% year-on-year, up from 2.6% previously. The core PCE (excluding volatile energy and food prices) is expected to rise 2.9%, the same as in July. Since this is the Fed’s preferred measure of inflation, any higher-than-expected figure could strengthen the US dollar, sending gold tumbling in the short term. Gold, by its nature, does not generate interest. It only really shines in a low-interest-rate environment, which investors are hoping the Fed will soon bring. Analysis of the technical outlook for OANDA:XAUUSD prices Main Trend Gold is still in a fairly clear uptrend channel. The price is fluctuating around 3,739 USD/oz, approaching the midline of the uptrend channel. Short-term trend: up but with slight corrections. Important resistance 3,779 USD (Fib 0.382): if broken, gold can quickly test 3,825 - 3,872 USD. 3,938 - 4,022 USD: strong resistance zone, reaching the top of the uptrend channel, easy to take profit. Important support 3,738 USD (current price). 3,720 USD (Fib 0.236 + nearest MA zone). 3,706 USD: strong support, breaking this zone, there is a risk of returning to test 3,628 USD. RSI Still above 60, indicating the market is still biased towards buyers, but showing signs of being a bit “overextended”. SELL XAUUSD PRICE 3815 - 3813⚡️ ↠↠ Stop Loss 3819 →Take Profit 1 3807 ↨ →Take Profit 2 3801 BUY XAUUSD PRICE 3682 - 3684⚡️ ↠↠ Stop Loss 3678 →Take Profit 1 3690 ↨ →Take Profit 2 3696
OANDA:XAUUSDLong
by Xayah_trading
Gold 1H – Will Gold Correction Extend Toward Discount Zones?Gold on the 1H timeframe is trading near 3,745 after repeated bearish pushes, with premium resistance clustered at 3,780–3,778 and a secondary resistance zone at 3,748–3,746. Discount demand remains positioned lower at 3,713–3,706 and deeper near 3,665. Recent CHoCH signals confirm short-term bearish pressure, suggesting engineered liquidity sweeps into resistance before potential retracements toward discount levels. Today’s headlines on renewed U.S. inflation worries and expectations of a slower Fed pivot are weighing on sentiment, while ongoing Middle East geopolitical tensions keep safe-haven demand alive. This dynamic may fuel intraday volatility, with liquidity hunts at resistance zones likely before directional clarity develops. ________________________________________ 📌 Key Structure & Liquidity Zones (1H): • 🔴 SELL GOLD LIQUIDITY 3,780–3,778 (SL 3,787): Premium resistance where sweeps may trigger rejection toward 3,760 → 3,740 → 3,730. • 🔴 SELL GOLD 3,748–3,746 (SL 3,755): Intraday resistance zone aligned with 0.5–0.618 retracement, offering downside targets at 3,730 → 3,720 → 3,715. • 🟢 BUY ZONE 3,697–3,699 (SL 3,692): Discount demand in line with liquidity magnets, with upside targets at 3,715 → 3,730 → 3,745+. ________________________________________ 📊 Trading Ideas (Scenario-Based): 🔻 Sell Setup – Liquidity Run (3,780–3,778) • Entry: 3,780–3,778 • Stop Loss: 3,787 • Take Profits:  TP1: 3,760  TP2: 3,740  TP3: 3,730 🔻 Sell Setup – Intraday Rejection (3,748–3,746) • Entry: 3,748–3,746 • Stop Loss: 3,755 • Take Profits:  TP1: 3,730  TP2: 3,720  TP3: 3,715 🔺 Buy Setup – Discount Demand (3,697–3,699) • Entry: 3,697–3,699 • Stop Loss: 3,692 • Take Profits:  TP1: 3,715  TP2: 3,730  TP3: 3,745+ ________________________________________ 🔑 Strategy Note With U.S. inflation concerns and geopolitical risks keeping gold under mixed pressure, intraday strategies should focus on fading liquidity grabs into premium resistance while being prepared to buy dips at well-defined discount demand. Expect volatility around 3,780 liquidity sweeps before corrections extend toward the 3,713–3,706 zone.
OANDA:XAUUSDShort
by Ryan_TitanTrader
1
Gold Pullback Toward 3,700 Within Ongoing UptrendHey Traders, in today's trading session we are monitoring XAUUSD (Gold) for a buying opportunity around the 3,700 zone. Gold is trading in an uptrend, with price currently correcting toward this key support/resistance level. Structure: The broader bias remains bullish, but price is retracing after recent highs. Key level in focus: 3,700 — a critical area where buyers may look to step in and resume the upward move. Fundamentals: Softer USD sentiment and steady safe-haven demand continue to favor the bullish case for Gold on dips. Trade safe, Joe.
OANDA:XAUUSDLong
by JoeChampion
2
Global news might have us Stalling on Gold! Chart Context (MGC Futures, H1/H4) Price stalled out after rejecting the H4 bearish zone (3791.4–3769.9). Yesterday’s downside move lost steam before fully reaching the deeper H4 bullish demand (3746.3–3735.2). We’re now compressing between Daily High (3792.1) and Daily Low (3752.0). Fundamentals: U.S. geopolitical/military headlines (Defense Secretary Pete Hegseth ordering hundreds of generals/admirals to an urgent meeting at Quantico, Sep 30) are creating uncertainty, which could trigger safe-haven flows in gold. Bias Going Into Friday: Watching for liquidity sweep of yesterday’s lows (~3752/DL). If swept and reclaimed, could trigger bullish continuation. Alternatively, a clean break & hold above yesterday’s high (~3792/DH) sets up momentum longs targeting 3812+ (previous imbalance). No trade in the middle of the chop — patience until liquidity is taken on one side.
COMEX_MINI:MGC1!Long
by DWoodz
Natural Gas & Oil Rally...What You Need to KnowNatural gas price action made a bullish reversal on the daily chart. Closing up 1.8% ahead of inventories is very aggressive trading by the bulls. The last couple of inventory prints have been bearish. Crude Oil inventories sent WTI crude higher. Energy & oil stocks were very strong today on the drop in oil inventories. September 19 week inventories dropped by about 3.5 Million barrels. This is showing a greater demand for oil. Crude is still chopping around in a very dangerous technical level. Hasn't broken out or down.
BLACKBULL:WTI
by Trading-Capital
Tension at the Top – Will Gold Crack the Supply Wall or Fade BacHello traders 👋 Price is hovering at 3754, just beneath a key liquidity shelf and staring straight into premium resistance. Bulls have kept structure clean, but the real test is moments away. Today’s battle is shaped between a hardened supply above and a fresh demand pocket waiting below. This is a sniper’s day — let’s map it tactically 👇 🔹 HTF Structural Zones (D1, H4, H1 – wide institutional ranges) 🟥 Supply Zone (D1 OB) → 3770–3780 The last valid bearish OB on D1, untouched since formation. This is where previous rallies failed. Imbalance + FVG inside, aligned with RSI H1 overbought. Any return here requires extreme caution for bulls. 🟦 Demand Zone (H1–H4 confluence) → 3732–3726 The last bullish reaction base before the push toward 3761. Protected by EMA 21 + 50 (Dynamic EMA Flow). Clean structure, built with absorption and demand reloading. RSI shows bullish divergence on M30. Expect reactions if tapped. ⚪ Decision Zone (Intraday Control Shelf) → 3744–3740 The zone that separates continuation from correction. Price has defended this shelf three times, making it the intraday line of control. Below it → buyers lose momentum. Above it → bulls stay in charge. 🎯 Precision Zones (Execution Focus) 🟦 Long setups only inside 3732–3726 🟥 Short setups only after rejection inside 3770–3780 ⚪ Control flips decisively in 3744–3740 🎲 Scenarios 🟢 Bullish Setup Hold above 3744–3740 → push through 3758 Sweep and close above 3761 → price targets 3770–3780 Acceptance inside OB → extension toward 3810 🟥 Bearish Setup Tap or sweep 3761, reject from 3770–3780 Reclaim 3758 → 3744 → break below decision zone Loss of 3740 opens the gate for 3732–3726, with risk of deeper dive to 3698 🗺️ Tactical Map Summary 🟦 Potential Buy Zone: 3732–3726 (discount sniper zone) 🟥 Potential Sell Zone: 3770–3780 (premium OB supply) ⚪ Decision Zone: 3744–3740 (intraday control line) 🧩 Conclusion Gold stands between two power zones. Bulls still lead, but they’re knocking at a door guarded by old supply. Today’s direction flips inside the 3744–3740 control zone. Patience is power. Wait for the reaction. Strike with confirmation. Drop your thoughts in the comments, smash the like button, and hit follow on GoldFxMinds for more daily sniper plans. Let’s keep building this edge together 🚀✨
TRADENATION:XAUUSD
by GoldFxMinds
1
XAUUSD BUY 3734Here’s a sharp TradingView idea description for your XAUUSD Buy at 3734 setup, tailored for engagement and clarity: 🟢 XAUUSD Buy Setup – Targeting Upside from 3734 Gold is showing bullish momentum after a key support retest near 3734. Price action confirms a potential reversal zone with confluence from: - 🔹 Fibonacci retracement aligning with 3734 (golden pocket zone) - 🔹 Bullish engulfing candle on 4H chart - 🔹 RSI bounce from oversold territory - 🔹 MACD crossover signaling upward momentum 📈 Trade Plan: - Entry: 3734 - Stop Loss - Take Profit Zones This setup favors a disciplined risk/reward approach. Watch for volume confirmation and news catalysts (e.g., Fed commentary or geopolitical tension) that could accelerate gold’s move.
FXOPEN:XAUUSDLong
by TradingHub_FX_crypto
The bearish trend will continue unless the price rises above3765#XAUUSD OANDA:XAUUSD Gold closed with a negative daily line, reaching a low of around 3717. If today's closing daily line falls below the MA5 moving average and touches the MA10 moving average, we need to be alert that the bears may dominate the market again tomorrow, Friday. The downward trend is still under pressure during the day, and trading is still mainly short-selling. The immediate resistance level to watch is 3748-3750, which also marks the boundary of the triangle pattern; a touch of this level could signal a short-selling opportunity. Further pay attention to the trend pressure of 3765. As long as this point is not broken, the short trend of gold will not change. Pay attention to the short-term support of 3735-3720 below. You can go long on gold if it is not broken on the first pullback.
OANDA:XAUUSDShort
by Trading-Magician_G