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Where will gold go at Monday's opening?Gold Price Trend Analysis for Next Monday: The daily chart shows that after falling from previous highs, gold prices continued their downward trend this week, mainly due to cautious market sentiment during the holiday. The current candlestick pattern presents a bearish "two bearish candles sandwiching a bullish candle" formation, which puts pressure on short-term bulls. Technically, the moving average system has shown signs of a local reversal, and the MACD is in a death cross state, suggesting that there is still a need for adjustment in the near future. The key watershed between bulls and bears has shifted down to the 4400 level, and whether this level is breached or breached will determine the medium-term direction. Gold Technical Analysis: Observing the 4-hour chart, gold prices fluctuated lower again on Friday. Although the decline was limited, a break below the key support level of 4300 could open up further downside potential. Currently, the short-term moving averages have turned downwards, forming resistance, and the MACD indicator is also running below the zero line, indicating increased bearish momentum. If prices weaken first, the support level in the 4305-4300 area needs to be closely observed. A technical rebound may occur upon the first touch. This week, there were two tests of 4300 and two rebounds to 4400, which is a structural adjustment after the sharp decline. As I emphasized this week, gold has formed a head and shoulders bottom pattern. Once it stabilizes above 4400, the bulls will likely surge again, targeting 4500 and 4550. Given the overall trend, we shouldn't try to predict the top. However, if it fails to hold above 4400, it will likely be a low-level consolidation after a significant drop. Therefore, the same view is likely for next week. Currently, it's closing around 4330. Will next week's opening price move in the opposite direction to this week's? Coupled with the safe-haven news over the weekend, I believe a direct rise is highly probable. In summary, my trading strategy for gold next Monday is to primarily buy on dips and secondarily sell on rallies. The key resistance level to watch in the short term is around 4400-4405, and the key support level is around 4305-4300. Please follow my recommendations closely.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Gold achieved a perfect and resounding victory in 2025!Today is the last day of 2025. Looking back on 2025, we have undoubtedly experienced an unimaginable year. In this extraordinary year, gold recorded its largest annual increase since 1979, rising by nearly $2,000 by the end of the year. There were multiple rounds of rallies in the middle of the year, each lasting several hundred points. I believe many people have never encountered such an exaggerated trend before. Such a dramatic rise and fall is often accompanied by huge risks. Many friends may not have been able to accept it at first, but as time goes by, I think many friends should gradually adapt to this rhythm. This year's situation is completely different from the previous ten years, and this situation may continue for a long time. Regardless of the outcome this year, I hope everyone can adapt to the market better next year and find a rhythm that suits them. Here, I wish you and your family a "Happy New Year and all the best!" Gold price trend analysis: At the beginning of this week, the main strategy for gold was to short, followed by long, which was executed perfectly, and both long and short opportunities were accurately grasped. From the current gold technical chart analysis, the 4305-4300 area forms a key support zone. The four-hour chart shows that the price has rebounded after testing this level multiple times, indicating that there is buying pressure here. Although the short-term moving average system on the daily chart has flattened slightly, it still maintains an overall bullish pattern. Moreover, the 4300-4290 range corresponds to the previous breakout platform position and has strong technical support significance. Currently, the RSI indicator has stabilized near the 50 neutral zone, and the MACD momentum bars are showing a contraction trend, indicating that the short-term downward momentum has weakened. If the price can find effective support in this area, it is expected to return to the upward channel. The primary resistance level to watch is around the previous high of 4380. This level not only represents the upper edge of the recent trading range but also largely coincides with the upper Bollinger Band on the weekly chart. If the price successfully breaks through the 4350 resistance level, it will open up a path towards that target. It's important to note that setting a stop-loss below 4290 is reasonable, as it can mitigate regular volatility and effectively prevent false breakouts. Overall, placing long orders in key support areas aligns with trend-following trading logic, but close attention must be paid to whether the price can form a clear stabilization signal above 4305. If it breaks below 4290, the short-term technical structure will shift to a bearish bias.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Despite the rebound, continue to short gold.Gold Price Analysis: This morning, a short position was suggested around 4380. The price touched this level multiple times and fell as expected, reaching a low of around 4359 before rebounding. A total profit of 340 pips was gained. However, those who didn't exit the position would have been stopped out by this rebound. Currently, the hourly chart shows a slow, upward trend with consecutive positive candles. The resistance level is around 4380-4400. During the European session, observe the upward momentum. If the price continues to rise and encounters resistance around 4380-4400, then consider shorting again around 4380-4400, anticipating a pullback. Gold Technical Analysis: For today's market, firstly, the 4300 level is near the 20-day moving average, indicating a short-term oversold rebound. However, a bearish engulfing pattern has formed on the daily chart. Looking at the 4-hour chart: firstly, in a weak market, the 38.2% Fibonacci retracement level is the best entry point for shorting, which is around 4397-4400, the 38.2% Fibonacci retracement level of the 4550-4302 range. This also coincides with the 10-day moving average. Secondly, the short-term moving averages MA5 and MA10 have begun to turn downwards. Regarding resistance, the primary focus is on the 4380-4385 area, which is the previous high. The price has already broken below this area, and subsequent rebounds should be monitored to see if this level forms sustained resistance. The overall strategy remains bearish, suggesting looking for opportunities to short on rebounds. The downside target remains around 4310, and a break below 4300 would further target around 4270. In summary, Jin Shengfu suggests a strategy of primarily selling on rallies and secondarily buying on dips for gold trading. The key resistance level to watch in the short term is around 4380-4400, while the key support level is around 4300-4270. Please follow the recommendations carefully.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold prices have peaked; it's time to short them.Gold opened higher but then fell today. On the hourly chart, gold opened near 4550 and formed a double top, encountering resistance before quickly retreating to a low of around 4472. Currently, the price has rebounded and is fluctuating above the 4500 level. The overall trend has clearly cooled from its previous strong momentum. Structurally, short-term resistance signals have appeared. Coupled with the current end of the month and the significant year-end gains, caution is needed regarding the risk of a pullback or a temporary sell-off due to profit-taking. If the price breaks below 4500, further downside potential will open up. The next key level to watch is the 4450-4430 area. On the upside, the primary resistance level to watch is the 4520-4530 area, followed by the previous high of 4550. Until a firm foothold is established above this level, it is unwise to have overly high expectations for a one-sided upward trend. In terms of overall strategy, gold has shifted from an extremely strong trend to a high-level consolidation and digestion phase. In terms of trading, more attention should be paid to timing and risk control, avoiding blindly chasing highs and lows in the end-of-month emotional game, and patiently waiting for the structure to provide a clearer directional signal.
OANDA:XAUUSDShort
by Daniel_PrimeFX
1
The direction may change, but the rhythm will remain the same.It's Christmas again! First of all, I wish all my brothers a Merry Christmas! In the first half of this week, the market's bullish and bearish rhythm was clear, and our judgment on key structures and directions was validated by the market. We accurately grasped both bullish and bearish opportunities, and reaped considerable profits overall. Congratulations to those who have been following and firmly executing our strategy. Results never disappoint traders who have plans and discipline. Gold Price Trend Analysis: Looking at the current price structure, gold saw a slight pullback yesterday, closing with a doji candlestick on the daily chart. However, this couldn't withstand the strong upward trend. The market is currently relying on the short-term 5-day and extreme 10-day moving averages, both indicating a strong short squeeze. On the 4-hour chart, the Bollinger Band middle line is providing support above 4440, while the price has repeatedly faced resistance below 4500. Yesterday, the price only briefly pierced 4525 before failing to close above it. Therefore, on Friday, pay attention to the resistance level around 4500. Gold closed at a relatively high level on the hourly chart. After a bottoming out and rebound, a pullback to the 5-day moving average and the lower Bollinger Band is expected, suggesting a potential bullish move. Therefore, on Friday, patiently await a breakout signal. Due to short-term profit-taking ahead of Christmas, there was a slight pullback, but it was still difficult to withstand the strong market trend. Yesterday's short-term closing price was around 4480. The overall trend still has the momentum to push towards 4530-4550 in the short term. The trading strategy for the future should still follow the trend and be bullish. There are currently no signs of a phase pullback. The main strategy for the future should be to buy on dips within the 4450-4430 range. For tomorrow, Friday, the short-term focus is on whether it can rise above 4430 to 4500 or higher. In summary, the recommended strategy for gold trading is to buy on dips as the main approach and sell on rallies as a secondary approach. The key resistance level to watch in the short term is around 4530-4550, and the key support level is around 4450-4430. Friends, please keep up with the rhythm.
OANDA:XAUUSDLong
by Daniel_PrimeFX
6
See if there's a pullback and a second entry opportunity.Gold's movement yesterday was largely in line with expectations, rising initially before falling, then pulling back again. After dropping from around 4497 to around 4430, gold rebounded, then rose again to around 4499 before encountering resistance and falling back to around 4483. This provided a good profit margin for those who participated in the trading based on the structure. After opening today, gold prices surged again, reaching a high of around 4526. From the current trend structure, the upward trend has not changed in any substantial way, and the bulls still dominate. As for where this round of gains can ultimately extend and where the stage high resistance is, there is no need for subjective speculation at this stage; let the market do its thing. In terms of trading strategy, the principle of following the trend and waiting for a pullback remains unchanged. The pullback position can be planned in advance. Pay close attention to the support level around 4500-4480. As long as the pullback does not break, it is still a normal adjustment in a strong structure. The overall direction is still upward. Do not chase the highs or try to guess the top. Following the trend and looking for opportunities within the structure is the more prudent way to deal with the current market.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Gold is eerily quiet; there are a few things to consider.Gold Price Analysis for Next Monday: From a technical perspective, after gold broke through the high last Thursday, it has retreated back into a range-bound oscillation. The key resistance level remains around 4355. Although the bulls touched this level, they ultimately failed to hold above it. This false breakout could lead to a significant pullback by the bears. Furthermore, the daily chart shows a repeated sideways consolidation pattern at high levels. Prolonged periods of consolidation without a breakout also carry the risk of a pullback. The longer the consolidation lasts, the greater the accumulated pressure. Our strategy of shorting around 4345-4355, which we emphasized this week, proved effective yesterday, reaching exactly 4355 before encountering resistance and closing around 4338. Therefore, next week, gold prices are expected to be under pressure, with at least three attempts to break through the 4355 level proving successful. The downside target remains around 4270-4260. Yesterday, the gold market exhibited a typical consolidation pattern, with a sharp short-term drop followed by a rapid rebound. Today, the market has become more stable, with significantly narrower price fluctuations, entering a consolidation phase. The daily Relative Strength Index (RSI) has fallen from the overbought zone, suggesting that bullish momentum is weakening in the short term. Currently, the gold price closed below the key level of $4350/oz, putting pressure on the short-term trend. Initial support can be seen at the psychological level of $4300/oz. In the absence of new macroeconomic data or events, the upward momentum of gold prices is indeed insufficient. Next week's trading strategy is as follows: Pay close attention to the resistance level of $4355. This level can be used as a key reference for tentative short positions. However, given the strong performance of silver, if the key resistance is broken strongly, the strategy should be adjusted promptly. If the gold price confirms a weakening trend, the support level around the psychological level of $4300 can be used as a reference for long positions. Overall, regardless of whether you are holding a long or short position, strict stop-loss orders must be set.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold prices performed exactly as expected this week.Gold price trend analysis for next week: Gold Technical Analysis: On Friday, gold prices hit a new high, reaching around $4549 before retreating to around $4509. However, it did not break below the $4500 level, indicating that the bulls remain in a strong phase. From a technical perspective, the daily chart shows a solid bullish structure with moving averages forming a complete bullish pattern. The price continues to trade along the upper Bollinger Band. In such a strong uptrend, it's unwise to blindly chase the price higher. Instead, wait for pullbacks to establish reasonable long positions. The key resistance level to watch is $4550. If it holds, the next target could be the $4580-$4600 range. However, if it falls below this level, a bearish divergence could occur, triggering a pullback. Gold prices have been surging recently, with Friday's closing price showing a rebound after touching a low of around 4509, ultimately closing near 4533. The daily chart shows a solid bullish structure, with moving averages forming a complete bullish pattern. Prices are consistently trading near the upper Bollinger Band. Given this strong upward momentum, it's unwise to blindly chase the highs; instead, wait for pullbacks to establish reasonable long positions. Technical support is around 4480. The overall trend is bullish, and as long as this key support level holds, we will continue to buy on dips next week. While gold hasn't maintained its strength after reaching a new all-time high, the overall bias remains bullish, exhibiting a sideways, resilient pattern. Currently, it's fluctuating within the 4480-4550 range. Given the current momentum, buying on dips remains the best strategy. In summary, the recommended trading strategy for gold is to primarily buy on dips and secondarily sell on rallies. The key resistance level to watch in the short term is around 4550-4560, while the key support level is around 4500-4900. Please keep up with the market's pace.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Gold Price Trend Analysis and Trading Recommendations!Gold prices experienced a sharp rise and fall yesterday following the release of the CPI data. The price failed to break through the historical high near 4381. The Relative Strength Index (RSI) indicates weakening bullish momentum, with the RSI retreating from overbought territory. As the daily closing price retreated after a surge, gold remains within its trading range, but the overall trend is bearish. Yesterday's sharp decline after hitting the previous high suggests a double top pattern on the daily chart, forming an M-top with the previous high of 4381. Today, the 4340-4355 area presents resistance; consider shorting near this resistance level. Support lies around 4300; a break below this level would open up further downside potential. Furthermore, it's worth noting that the US session has seen sell-offs for the past two Fridays this month; caution is advised today. In the short term, the first resistance level to watch is the 4340-4355 area. This area has repeatedly suppressed gold prices in the past. Although gold briefly broke through this area yesterday, it failed to hold and subsequently fell back below the resistance level. The first support level to watch is the 4308-4300 area. This area is not only yesterday's low but also the trendline support formed by connecting the lows since Friday's surge and pullback. Further support is around the 4270-4260 area, a key support level formed by previous top-bottom reversals. Pay attention to the 4300 psychological support level. Short-term traders can consider a long position at this level if the price fluctuates. If it breaks through, it should not be considered. On the upside, the key resistance area to watch is the dense resistance zone around 4340-4355. If it rebounds to this level, short positions should still be considered. In summary, the recommended trading strategy for gold is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is around 4345-4360, while the key support level is around 4270-4260. Please keep up with the market's pace.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold prices fell as expected!The market currently lacks effective stimulus, but undercurrents are strong. The yen's interest rate hike news has not yet materialized, causing gold's price movements to lack continuity. While maintaining the bullish trend and expecting a volatile upward movement, we must be aware of the risk of a pullback at any time. After Monday's sharp rise and fall, Tuesday's wide-ranging fluctuations, and Wednesday's phased rise, gold is currently still oscillating under the previous double-top resistance at 4350. Therefore, this Thursday and Friday, we should also pay attention to the strength of any correction within this strong uptrend. We should be cautious about stubbornly sticking to a single-direction trend. In short, I am relatively optimistic that gold will have some downside potential on Thursday and Friday. In the short term, we need to watch the 4280 level, and if the downward momentum is strong, it could reach 4250. Please pay attention to the strategy shift. Silver is very strong, but it will also undergo a correction. We need to watch the 64.5 low level and pay attention to the impact of the US CPI data! From a technical perspective, the daily and 4-hour charts clearly show that the strong momentum of the daily chart remains unchanged. With the strong moving averages, if the price continues to rise and breaks through 4355, it could reach 4385. However, if the moving average support is broken, and the market changes, the downside potential could widen, potentially reaching last week's low of 4260. The 4-hour chart shows a range-bound movement, with Bollinger Bands narrowing and moving averages converging. The double top at 4350 has not been broken. Therefore, in the short term, shorting under the resistance at 4350 and targeting the correction is acceptable, provided 4355 is not broken. Thus, Thursday's trading should also maintain a short-selling strategy while also buying on dips. This view remains unchanged for Thursday and Friday: expect an upward trend, but also be aware of potential corrections. Currently, the market is optimistic that gold will test the lows of 4280 and 4260 on Thursday and Friday. In summary, the recommended trading strategy for gold is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is around 4345-4355, while the key support level is around 4280-4270. Please keep up with the market's pace.
OANDA:XAUUSDShort
by Daniel_PrimeFX
How to navigate the volatile gold market?Gold Price Trend Analysis: Gold prices experienced a slight rise followed by a pullback during the day. Currently, gold continues to consolidate within a high-level range on the daily chart, with prices temporarily compressed between 4270 and 4350. Gold Technical Analysis: On the hourly chart, short-term moving averages are basically converging and flat. Short-term focus is on the resistance zone around 4345. The short-term trend is likely to continue its sideways movement. There is currently some divergence on the hourly chart, with short-term moving averages starting to turn downwards. The candlestick chart is slowly putting pressure on the short-term moving averages, suggesting potential further downside in the short term. Monitor the short-term correction and recovery. Overall, the recommended trading strategy for gold is to primarily sell on rallies and secondarily buy on dips. Key resistance levels to watch are around 4345-4355, and key support levels are around 4305-4290. Please follow the trend closely.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold is in a strong uptrend; continue to buy on dips.Yesterday, facing the continued pullback from the bears, the market eventually rebounded during the US session, reaching a high of around 4334 before retreating again. It quickly fell back to around 4290 before continuing to rise, and the daily chart still closed with a doji pattern. This will be a test for both bulls and bears in the later stages. Looking back at the previous continuous upward movement of the bulls, the doji pattern also indicates an opportunity to accumulate energy for a breakout in the later stages. Currently, the daily chart remains in an upward trend. Previous declines failed to break the established channel and all attempts ended in failure. The so-called bearish trend may have been short-lived, and the expected breakout did not materialize. Since the bearish breakout failed and the bulls are expected to continue their upward movement, we still need to update the bullish and bearish trends in a timely manner in the short term. The low point of yesterday's surge and subsequent pullback, around 4290, will be the watershed for the day. This level is also the limit of the short-term retracement, and I personally believe that the probability of it being touched again is not high. The support above will remain around 4310-4300. Therefore, if gold retraces to around 4310-4300 during the day, we can go long with a target of around 4330-4350.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Gold's double top pattern is under pressure as expected!Gold Price Trend Analysis: Gold rose to a high of around 4318 before weakening and falling. Currently, it is temporarily maintaining a high-level range-bound consolidation on the daily chart. The consecutive long upper shadows on the candlestick chart indicate insufficient upward momentum in the short term, and the price is temporarily under pressure around 4320. Gold Technical Analysis: On the hourly chart, short-term moving averages are starting to turn downwards and diverge. The candlestick pattern continues to be pressured by short-term moving averages, maintaining a slightly weak trend. In the short term, pay attention to the support zone around 4270-4260. After a bottoming-out rebound, the hourly chart is currently maintaining a narrow range of fluctuation at low levels. The technical pattern shows signs of gradually completing its repair, and there may be some room for a small rebound in the short term. Pay attention to the short-term adjustment and repair situation. Currently, near the European session, gold has fallen to a low of around 4270, which is also close to the double bottom of the previous low of 4255. The current European session suggests a continued downward trend, with the 4300-4320 level acting as a secondary resistance point. On the hourly chart, a pullback to the 4270-4255 area could present an opportunity to enter long positions. Overall, the recommended trading strategy for gold is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is around 4300-4320, while the key support level is around 4270-4250. Please stay on track.
OANDA:XAUUSDShort
by Daniel_PrimeFX
4
Is gold's strong rally accelerating towards its peak?Gold Market Analysis: This week is a super week for the gold market, with the Eurozone central bank's interest rate decision, the Bank of England's interest rate decision, and the Bank of Japan's interest rate decision. A bunch of Federal Reserve officials will also be speaking, and the US will release non-farm payroll data and CPI inflation data. Therefore, everyone must be cautious this week. Gold Technical Analysis: Last Friday, gold rose from a low of around $4264, reaching a high of around $4353 before plunging nearly $100 and breaking the low. It then rebounded from the $4260 area to close at the $4300 mark. Today, after opening higher, it broke through the $4330-$4320 area where the US session saw a second decline. Currently, it is temporarily facing resistance around the $4350-$4360 area, which indicates that the short-term market is still in bullish control and will likely see repeated rallies. The $4260 area, which was a long-term resistance level before being broken last Thursday, is now a key support level for the bulls. As a breakout point and a support/resistance level, it represents the strongest defense for the bulls. The key support level today is around $4300-$4280. Be wary of a repeat of last Friday's rollercoaster ride. This week is packed with news, so pay close attention to the data and news signals. If the price breaks through the 4350-4360 area (Friday's high), it will inevitably challenge the historical high. However, if the price touches the area of last Friday's high during the day, be aware of the risk of a significant drop, as there is considerable downside potential. The 4260 area is the strongest support level; a break below this level would confirm the second-highest point since 4382, and the rest would likely be a bearish correction. In summary, the recommended trading strategy for gold is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is around 4350-4360, while the key support level is around 4300-4280. Please keep up with the pace of the market.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Market Landscape After the Fed Rate Cut !Gold Price Trend Analysis: Yesterday, gold opened higher and encountered resistance near 4219, then began to fluctuate downwards. During the European session, it fell to around 4187 before consolidating. Influenced by the Fed's interest rate decision, gold exhibited a pattern of rising first, then falling, and then rising again, reaching a low of around 4182 and a high of around 4239. The daily candlestick closed as a bullish candle. Logically, after this upward move, the subsequent target should be the 4255-4265 area. However, considering the current market trend, this tendency to rise more easily than fall is the most sustainable. We can actually see the upper limit, with the first high point at 4265, and at least for the current stage, we haven't reached the top yet. Gold Technical Analysis: On the hourly chart, the moving averages are arranged in a bullish pattern, maintaining strong upward momentum. Technically, the bulls have broken through the neckline and are rising again. The price action shows a large bullish candle at the bottom, indicating strong upward momentum. The current high also coincides with the current cyclical pullback level, making a technical correction reasonable. Today, we expect the price to continue its upward trend after a pullback. Short-term support is around 4210-4200, a support/resistance level. Resistance is around 4255-4265. Avoid chasing highs, but the short-term bullish stance remains unchanged. Intraday trading should continue with a buy-on-dips strategy. In summary, today's gold trading strategy is to primarily buy on dips and secondarily sell on rallies. Key resistance is around 4255-4265, and key support is around 4210-4190. Please follow the trend closely.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Today's market trend analysis and exclusive trading strategy.Gold continued its rollercoaster ride today, with market sentiment clearly shifting ahead of the interest rate decision, resulting in very limited overall volatility. On one hand, the market has largely priced in the rate cut expectations, with a consensus now widely believing there's an over 80% probability of a 25 basis point cut by the Fed. This "expectation fulfilled" market sentiment is unlikely to generate significant volatility unless the outcome surprises us. What truly warrants attention is not the rate cut itself, but rather the post-decision guidance on the interest rate path, including the latest dot plot, economic projections, and Powell's remarks at the press conference. These signals will directly influence the market's assessment of the future pace of rate cuts, especially the policy path in 2026, which will be crucial in shaping the next gold price trend. In this market environment, everyone must maintain a steady pace and avoid greed. With unclear direction and limited volatility, caution with funds is crucial. This type of market is most prone to losses from emotional trading. In the current situation, pay close attention to the bottom and avoid making trades you're not confident in, or taking unnecessary risks. If a clear structure and direction emerge later, I will notify everyone immediately so you can follow the trend. Market opportunities can wait, but risks never wait. Staying calm, seeing clearly, and then acting is the true path to profit.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold prices fell as expected, a bearish outlook.Gold Price Trend Analysis: Gold traded in a range on the previous day, closing with a bearish candlestick with upper and lower shadows. Overall, gold continues to fluctuate without a clear directional trend. The market is awaiting the Fed's interest rate decision, and it seems we need to wait for the data to determine the direction. Yesterday's rebound encountered resistance near 4220 and fell as expected. Gold is currently maintaining a slightly weaker, range-bound trend on the daily chart. Short-term moving averages are starting to turn downwards, and the price center is gradually shifting lower, suggesting further downside potential. Short-term support is expected around 4165-4150. Gold Technical Analysis: On the 4-hour chart, the price broke below the short-term support zone, and the candlestick pattern is gradually coming under pressure from the short-term moving averages, maintaining a slightly weak and volatile trend. In the short term, attention should be paid to a second downward move after a slight rebound. The 4-hour chart shows divergence, with the price falling back after failing to break through the 4220 level yesterday. Recently, it has been maintaining a range of 4170-4220, but the highs of this week's rebounds have been gradually decreasing, indicating that the bulls' upward momentum is weak, unlike the previous surge. Currently, it is still maintaining a volatile trend. On the hourly chart, after continuous fluctuations, the technical pattern shows signs of gradual repair. Short-term moving averages are starting to turn upwards, suggesting potential for a short-term rebound. Pay attention to the short-term rebound and repair. Currently, the support level for gold remains at 4165-4150, while the short-term resistance level is around 4210-4220. If it continues to be pressured in the 4210-4220 area, shorting on rallies is still an option. If support is found at 4165-4150, a short-term rebound is possible. In summary, today's trading strategy for gold is to primarily sell on rallies and secondarily buy on dips. The key short-term resistance level to watch is around 4210-4220, and the key short-term support level is around 4165-4150. Please follow the trend closely.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold prices fell as expectedfollowing a continuous bearish trendAnalysis of the gold market trend: Gold has no fluctuations today. Gold has failed to rebound in the US market and is still under pressure at 4220. Gold fell as expected. The gold relay continued to win on Friday, and gold won 3 consecutive victories. The market is currently waiting for an interest rate cut. Before the interest rate cut, we will continue to focus on high altitudes. We have also made it clear that we are shorting near 4220, and the highest is near the 4219 line, which is basically consistent with our expectations. Let’s first look at the line near 4170-4160! Gold Technical Analysis: Looking at the 1-hour chart, gold is still in a generally downward trend with weak rebounds. If the rebound in the US session continues to face pressure in the 4200-4220 area, shorting at higher levels is possible. With the Fed's interest rate decision approaching, gold is likely to remain range-bound. The hourly chart shows a sideways movement today, with signs of a breakout. A large bearish candlestick completely engulfed two bullish candlesticks, a bearish engulfing pattern. This is a time-for-space consolidation, and the short-term support around 4180 is unlikely to hold. Continue to watch for support around 4160-4150. In summary, today's trading strategy for gold is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is around 4200-4220, and the key support level is around 4160-4150. Please follow the trend closely.
OANDA:XAUUSDShort
by Daniel_PrimeFX