Daily Market Momentum Analysis (Gold)Spot gold's upward momentum stalled during the Asian session on Thursday (August 14th). After hitting a three-day high near $3,375, it encountered some intraday selling and is currently trading around $3,358.52 per ounce, close to Wednesday's closing price. Global risk sentiment continues to be supported by two factors: optimistic expectations of a three-month extension of the US-China trade truce and positive signals from Friday's (August 15th) US-Russia summit aimed at ending the Russia-Ukraine conflict. This, in turn, has weighed on the safe-haven precious metal. However, multiple supportive factors remain favorable for bullish traders and provide a basis for potential bargain-hunting.
The US dollar continues to face selling pressure due to widespread expectations that the Federal Reserve will cut borrowing costs in September. Furthermore, traders have begun betting on the possibility of two Fed rate cuts before the end of the year, which should continue to be positive for gold, a non-interest-bearing asset. Against this backdrop, it would be prudent to await further follow-through selling to confirm whether the gold price rebound from Tuesday's one-week low of $3,331 has lost momentum.
Daily Market Drivers Analysis: Gold bulls hold off on aggressive bets amid rising risk appetite
Except for the Nikkei 225, Asian stocks extended their recent gains, tracking the US benchmark S&P 500 and the tech-heavy Nasdaq Composite, which posted record gains for the second consecutive trading day.
The US dollar rebounded slightly after hitting a two-week low early Thursday, but its upside is expected to be limited as market expectations for a more aggressive Federal Reserve rate cut are more aggressive than previously.
According to the CME Group FedWatch tool, the Federal Reserve is almost certain to cut interest rates by 25 basis points at its September policy meeting, with at least two more cuts expected before the end of the year.
This expectation was reinforced by US consumer inflation data, which was largely in line with expectations on Tuesday. Furthermore, the July US non-farm payroll report showed signs of labor market weakness, bolstering the case for further policy easing.
Meanwhile, US President Trump increased pressure on Federal Reserve Chairman Powell to cut interest rates. Furthermore, US Treasury Secretary Scott Bessant said the Fed should consider a 50 basis point rate cut next month.
Chicago Fed President Goolsbee said he was more concerned about last month's rise in core inflation than the unusually weak jobs report, and therefore may not support a September rate cut.
Atlanta Fed President Bostic acknowledged the overall weakness in the latest round of employment data and noted the potential for structural changes due to tariffs, but he declined to comment on a rate cut.
U.S. Treasury yields remained under pressure as investors assessed the potential impact of tariffs on the U.S. economy and awaited the release of the U.S. Producer Price Index (PPI) later in the North American session.
Gold's technical structure supports the view of dip buying at lower levels.
Gold broke through the $3,358-3,360 resistance level overnight, and the successful defense of the 200-period simple moving average support on the 4-hour chart earlier this week supports spot gold bulls. However, oscillators on the hourly and daily charts have yet to gain significant upward momentum, so it would be wise to wait for more follow-through buying before initiating further long positions.
Currently, the Asian session high (around $3,375) may constitute near-term resistance. A break above this level could potentially push gold prices towards the $3,400 mark. This level is closely followed by last week's swing high of $3,409-3,410. A successful break above this level would pave the way for further gains towards the intermediate resistance level of $3,422-3,423. Ultimately, upward momentum could propel gold prices above the $3,434-3,435 area, potentially challenging the psychologically important $3,500 peak reached in April.
On the downside, if gold prices break below support at $3,243-3,242 (the 200-period moving average on the 4-hour chart), they could find support near $3,331 (this week's low). If selling pressure persists, gold could accelerate its slide towards the $3,300 mark. A clear break below this level would turn bearish in the short term, opening up room for further declines. FX:XAUUSD VELOCITY:GOLD VANTAGE:XAUUSD CMCMARKETS:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD VANTAGE:XAUUSD MCX:GOLD1! FX:XAUUSD
Goldlong
World gold price recoversWorld gold prices recovered, supported by the drop in the USD index to a three-week low and the decline in US Treasury bond yields in the middle of the week.
Gold and silver markets also saw buying as many Wall Street firms forecast the Federal Reserve will begin cutting interest rates in September, amid a weakening labor market and relatively low inflation.
Economists at Nomura expect the Fed to cut its key interest rate by 25 basis points at its September FOMC meeting, followed by two more cuts in December and March. The market is also pricing in this expectation, with another cut in December.
US inflation data released on Tuesday showed the core index (excluding food and energy) rose 3.1% in July compared to the same period last year, slightly higher than forecast but not considered to be worrying.
Gold Gains Amid USD Weakness📊 Market Overview:
Gold rose modestly as the U.S. dollar weakened following softer-than-expected July CPI data, increasing the likelihood of a Federal Reserve rate cut in September. Geopolitical tensions surrounding the Trump–Putin meeting and ongoing trade war developments further supported demand for safe-haven assets like gold.
📉 Technical Analysis:
• Key Resistance: $3,360–$3,361 (near EMA50 area), $3,375–$3,380 (major resistance zone, 0.618 Fibonacci & option barrier)
• Nearest Support: $3,350–$3,351 (break below may lead to downside at $3,325), additional supports at $3,336, $3,324, $3,313
• EMA: Short-term trend neutral, slight bearish bias near resistance
• Candlestick / Volume / Momentum: RSI on H1 around 45–50 (neutral), volume declining, possible upcoming breakout
📌 Outlook:
Gold may continue to edge higher in the near term if it breaks resistance at $3,361 with strong volume and the USD remains weak. Otherwise, failure to surpass $3,375–$3,380 could lead to pullback toward support at $3,350 or further down to $3,330–$3,325.
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💡 Suggested Trading Strategy:
🔺 BUY XAU/USD
Entry: 3,320 – 3,323
🎯 TP: 40/80/200 pips
❌ SL: 3,317
🔻 SELL XAU/USD
Entry: 3,375–3,378
🎯 TP: 40/80/200 pips
❌ SL: 3,381
The pullback is for a better riseGold is currently showing signs of gradual technical recovery on the 4-hour chart after a period of consolidation. The price is slowly breaking out of the previous low-range oscillation zone, with short-term moving averages beginning to curve upward and diverge, indicating a potential strengthening trend in the near term. Moving forward, watch for a possible secondary upward surge after a retracement and consolidation. In the short term, keep an eye on the resistance zone around 3380.
On the hourly chart, there has been a minor pullback, but the momentum and follow-through remain limited. The expectation is that after a brief adjustment, the upward trend may continue with further room for gains.
Gold rebounded, but its future trend is still full of variables.Spot gold (XAU/USD) saw a second consecutive day of buying on Wednesday (August 13), attempting to build on its previous day's rebound from around $3,331. The latest US Consumer Price Index (CPI) data for July was largely in line with expectations, reinforcing market expectations of a September interest rate cut by the Federal Reserve. This data kept the US dollar at a more than two-week low and further supported gold, a non-yielding asset.
However, gold's intraday gains appeared to lack sufficient momentum, particularly as the US-Russia summit, potentially contributing to an end to the Russia-Ukraine conflict, has somewhat suppressed its safe-haven properties. This shift in market sentiment suggests that holding long gold positions remains prudent without strong follow-on buying.
US Consumer Price Index (CPI) data for July showed that the CPI remained unchanged at 2.7% year-on-year, but the core CPI (excluding food and energy prices) rose to 3.1%, exceeding expectations of 2.9%. While this data failed to stoke market concerns about inflation, signs of labor market weakness still support expectations that the Federal Reserve may cut interest rates twice before the end of the year.
CME Group's FedWatch tool also indicates that the market generally expects the Fed to cut interest rates, which may put pressure on the US dollar in the coming days, further benefiting gold.
Technical Analysis
From the chart, gold's current price trend shows some signs of recovery. After falling to the $3,331 area, the price found support and rebounded on August 13, breaking through the previous day's high. This suggests that bullish momentum has strengthened in the short term and may continue to push gold prices to test higher resistance levels.
The Bollinger Bands indicate that the price is currently near the middle band of the Bollinger Bands, and the bands are showing a certain expansion pattern, indicating increased market volatility. If the price maintains this level, it may open up further room for growth, further testing the resistance level of $3,400.
The MACD indicator shows that the current MACD lines have begun to converge, and the green histogram is shortening, indicating a rebound in bullish market momentum. However, attention remains to be paid to whether the MACD will form another death cross, leading to a price pullback.
Market Sentiment Observation:
Current market sentiment is mixed. Gold's rebound is supported by expectations of a Fed rate cut and easing global trade and geopolitical risks. Nevertheless, strong stock market performance may weaken gold's safe-haven demand, especially amid growing optimism about the global economy.
The S&P 500 and Nasdaq hit record highs, while Japan's Nikkei 225 index broke through 43,000 points. These positive stock market performances may weaken demand for gold, especially as market sentiment favors a risk-on outlook.
Market Outlook:
Bullish Outlook:
Gold is likely to continue to be supported in the short term by a weak dollar and expectations of rate cuts, with prices expected to test the previous high near $3,409. If gold breaks through and stabilizes above this level, further upside potential is likely, potentially targeting the $3,450 area.
In the long term, if global economic uncertainty persists and the Federal Reserve maintains its pace of rate cuts, gold is likely to remain relatively strong.
Bearish Outlook:
However, if the stock market continues to strengthen and the global economy recovers further, gold's safe-haven demand may gradually decline. In this case, gold's upward momentum may weaken, and prices may retreat to support levels around $3,329 or even lower.
Overall, in the current market environment, gold's short-term trend still needs to closely monitor changes in the stock market, the US dollar, and the global geopolitical situation, and traders should adjust their positions flexibly based on these factors. PEPPERSTONE:XAUUSD ACTIVTRADES:GOLD VANTAGE:XAUUSD ACTIVTRADES:GOLD EIGHTCAP:XAUUSD FOREXCOM:GOLD PYTH:XAUUSD CAPITALCOM:GOLD
Gold Correction Ending — Time for the Next Rally?Gold ( OANDA:XAUUSD ) is currently moving near the Support zone($3,350-$3,326) and the Monthly Pivot Point .
In terms of Elliott Wave theory , it seems that Gold is completing a corrective wave, and we should wait for the next impulse wave .
I expect Gold to start rising from the Support zone($3,350-$3,326) and rise to at least $3,393 .
Second Target: $3,407
Third Target: $3,427
Note: Stop Loss (SL) = $3,317
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GOLD Potential Bullish Breakout OpportunityGold seems to exhibit signs of a potential Bullish Breakout on the Shorter timeframes as the price action may form a credible Higher High with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity.
Trade Plan:
Entry : CMP
Stop Loss : 3327
TP 0.9 - 1: 3398 - 3402
XAUUSD 4H Analysis – Bullish Reversal OpportunityGold is currently trading around $3,336, retesting a key demand zone near $3,334 – $3,340 (green box). This zone has acted as strong support in the past, aligning with a major horizontal level and previous breakout retests.
🔍 Key Levels:
Support Zone: $3,334 – $3,340 (green box)
Resistance 1: $3,361
Resistance 2: $3,394
Major Demand Zone Below: $3,223
📊 Technical Outlook:
Price has pulled back into a strong demand area after failing to break above the $3,394 resistance. If bulls defend this green zone, we could see a bounce toward $3,361 and potentially $3,394. A clean break above $3,394 could open the door for a retest of the $3,420+ zone.
However, if this demand zone breaks, sellers could push price lower toward $3,223.
💡 Trading Plan:
Buy Entry: Around $3,334 – $3,340 (on bullish confirmation)
Stop Loss: Below $3,323
Take Profit 1: $3,361
Take Profit 2: $3,394
⚠ Disclaimer: This is not financial advice. Always conduct your own analysis and manage risk properly before trading.
#XAUUSD #Gold #Forex #Trading #PriceAction #TechnicalAnalysis #SwingTrade #SmartMoneyConcepts #SupportAndResistance #CommodityTrading
Gold Poised for Mild Rebound amid Tariff Relief📊 Market Movement:
Gold eased after President Trump announced tariff exclusions on imported gold bars, easing prior market uncertainty. Safe-haven demand stays supported by macroeconomic and Fed policy concerns.
📉 Technical Analysis:
• Key Resistance: $3,385 – $3,410 – $3,460
• Nearest Support: $3,330 – $3,332
• EMA: Price fluctuates around medium-term EMA.
• Candlestick / Momentum: Ascending triangle, neutral RSI, rising volume → mild accumulation signs.
📌 Outlook:
Gold may see a mild rebound in the short term if trade policy remains stable and the Fed keeps rates unchanged. Strong US economic data could pressure prices downward.
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💡 Suggested Trading Plan
🔻 SELL XAU/USD: $3,410–$3,413
🎯 TP: 40/80/200 pips
❌ SL: $3,416
🔺 BUY XAU/USD: $3,330–$3,333
🎯 TP: 40/80/200 pips
❌ SL: $3,327
GOLD H4 PRICE UPDATE #XAUUSD#XAUUSD #GOLD #XAU
Gold Consolidating Between 3360 / 3340
First #GOLD Want To Take Breakout From Buyside Or Sell Side
If Gold Take The Buyside liquidity Then We Considering Sell Trades
Target the blue box (Engulfing Bullish Box) + (Order Block Box)
#GOLD JUST FLY FROM OUR BUY CISD ENTRY
#GOLD SMT Then Fly
Gold Buying From 3,300 Or 3,280
Targeting Price 3400 With Breakeven
Gold Selling From 3,440 / 3,460
Targeting Price 3,300 / 3,280
xauusd (GOLD): a signal Hi guys!
Key Technical Points:
Ascending Channel:
Price action has been moving within a well-defined ascending channel.
Currently, the price has pulled back and is approaching the lower boundary of this channel.
This lower boundary often acts as a support area where buyers might step in.
Support Zone (Red Box):
The red highlighted area, around $ 3,340-$ 3,350 USD, is a key support zone.
This zone aligns w ith the lower boundary of the channel , adding more weight to the support.
Price is currently testing this area, which could act as a springboard for the next upward move.
Resistance Zone (Blue Box):
The upper resistance zone between roughly 3,425 and 3,440 USD is a major target for bulls.
This is a previous high area where sellers might re-enter the market.
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Trade Idea:
Long Position:
Entry could be considered near the lower boundary of the channel and the red support zone (around 3,340-3,350 USD).
Stop loss placement: Just below the red support zone to limit downside risk.
Target: The upper resistance zone at around 3,425-3,440 USD.
Has Gold finally topped?Since December 2024, gold has held above a key diagonal support line (see chart).
On 25 July 2025, price broke below a medium-term diagonal support — and recent action looks more like a break-and-retest than a full recovery.
The Chaikin Money Flow is also showing negative divergence, suggesting buying pressure is weakening even as price tried to push higher. That’s often a warning sign for potential trend reversals.
Could this be the start of a deeper move down, or just a pause before new highs?
What’s your take — has gold topped?
XAU/USD Bullish Bounce from Demand Zone !Gold (XAU/USD) on the 4H chart is showing a potential bullish reversal setup. Price has pulled back into a Fair Value Gap (FVG) and high supply/demand zone near 3,329–3,315, aligning with the 0.382–0.5 Fibonacci retracement.
Key Points:
Support Zone: 3,329–3,315 (demand + FVG).
Bullish Rejection Expected: Price may bounce from this zone, targeting upper resistance levels.
Upside Targets:
TP1: 3,356
TP2: 3,375
TP3: 3,440–3,459 (major resistance)
Invalidation: A daily close below 3,315 could open room for deeper downside toward 3,278–3,245.
Indicators: EMA(9) and Ichimoku showing potential for trend resumption if price closes above 3,362.
Overall, the chart suggests a buy setup on bullish confirmation, aiming for the 3,375–3,459 zone.
3400 failed again, what will be the subsequent trend?Breaking News: Trump signed the Sino-U.S. tariff "truce" agreement at the last minute, deciding once again to extend the deadline by 90 days starting from August 12. Another three months—the Sino-U.S. tariff risks have been temporarily averted. This news came as no surprise, so the market reaction has been muted. Next, all eyes are on the Trump-Putin meeting on August 15, which the market sees as the last opportunity to end the Russia-Ukraine war, making it a highly anticipated event.
Tonight, the CPI data will be released, and its trend will directly influence market expectations about whether the Fed will cut rates in September. As such, this data is certain to have a major impact on gold prices. If inflation exceeds expectations, gold may initially rally but then pull back, as rising inflation data is bullish in itself but would reduce rate-cut expectations, which is bearish. If the data falls short of expectations, gold may dip first before rising.
Last night, gold broke below last week’s starting rally point of 3,345, hitting a low near 3,340, indicating weak momentum. The 3,340 level is a critical support—a break below it would suggest that gold’s unilateral rise from 3,270 may shift back into a consolidation phase.
Technically, gold has managed to hold above the key support of the 200-period SMA on the 4-hour chart, currently positioned around the 3,344-3,342 range. Given that the oscillators on this chart reflect bearish momentum, a decisive break below this support could push gold toward the next intermediate support at 3,320.
Conversely, if prices rebound and break above the 3,358-3,360 zone, strong resistance is likely to emerge near 3,380.
Thank you all for your likes, comments and follows, we really appreciate it!
XAUUSD/ GOLDEN OPPORUNITYTeam, last week, we short GOLD at 3403-3406
we have successfully did 5 times with target ranges at 3385-80
We are NOW going long at 3346-3350 range, with STOP LOSS at 3335
Tonight CPI coming out, we expect higher than anticipate.
we expect gold to move fast toward our target
Target 1 at 3362-65 - bring stop loss to BREAKEVEN, and make sure take 50% partial
Target 2 at 3372-3386 ranges
LET'S GO
Gold Retesting Support 3,350–3,345-Short-Term Buying Opportunity📊 Market Overview
Gold is currently trading around 3,350 USD/oz, slightly higher than the previous session thanks to expectations that the Fed will cut interest rates amid a weakening USD. The market remains cautious ahead of upcoming U.S. inflation data, which could provide new momentum for gold prices. Additionally, President Trump’s confirmation that gold imports will not face tariffs has helped stabilize investor sentiment.
📉 Technical Analysis
• Key Resistance: 3,400 – 3,410 USD/oz
• Nearest Support: 3,345 – 3,350 USD/oz
• EMA09: Price is currently below the EMA09 on the H1 timeframe → short-term downward pressure still persists.
• Candlestick / Volume / Momentum: After a sharp drop on August 11, price is sideways around the support zone; RSI on H1 is about 56, not yet overbought, indicating potential for a rebound if support holds.
📌 Outlook
Gold could rebound short term from the 3,350–3,345 zone if U.S. inflation data comes in lower than expected and the USD continues to weaken. However, if price breaks below 3,345 with strong selling pressure, the downtrend may extend to 3,335 or 3,330.
💡 Suggested Trading Strategy
BUY XAU/USD: 3,346 – 3,343 USD/oz
🎯 TP: 40/80/200 pips
❌ SL: 3,339 USD
SELL XAU/USD: 3,407 – 3,410 USD/oz
🎯 TP: 40/80/200 pips
❌ SL: 3,413 USD
CPI is about to be announced, 3342 life and death lineGold prices rebounded during the Asian and European trading hours on Tuesday (August 12), stalling their rebound. Spot gold briefly rose 0.4% to around $3,357/oz, but the rebound lacked momentum and has now retreated to around $3,346.82/oz, still near the previous day's one-week low. Market expectations are that the Federal Reserve will resume its rate cut cycle in September, but this expectation limits the dollar's potential for recovery, which in turn provides some support for gold, a non-interest-bearing asset.
However, gold bulls appear reluctant to make large bets, opting instead to await the latest US inflation data. This key data will provide fresh clues about the Fed's rate cut path, in turn impacting dollar demand and providing a substantial boost to gold prices. Meanwhile, the extension of the US-China trade truce and optimistic expectations for a US-Russia summit aimed at ending the war in Ukraine could pose bearish factors for gold.
Market Dynamics: Gold prices benefited from Fed rate cut bets, while US dollar demand remained subdued.
Gold prices fell sharply on Monday as easing geopolitical tensions weighed on traditional safe-haven assets. Investors are pinning high hopes on Friday's US-Russia summit, believing it will increase the likelihood of an end to the long-running Russia-Ukraine conflict. Furthermore, continued buying of the US dollar contributed to a sharp drop of approximately 1.65% in precious metals overnight.
Market participants are generally betting on a 25 basis point interest rate cut by the Federal Reserve in September, with at least two more by year-end. This expectation is bolstered by a recent string of disappointing US economic data, including the closely watched non-farm payroll report, which suggests the economy may be weakening.
However, traders are likely to refrain from making large directional bets, opting to wait and see ahead of US inflation data, which could provide further clues about the interest rate outlook.
The US Producer Price Index (PPI) will be released on Thursday, followed by US retail sales data and the Michigan Consumer Confidence Index on Friday. Furthermore, speeches by several key Federal Reserve (FOMC) officials will also influence the US dollar's short-term trajectory and provide significant support for gold prices.
On the trade front, US President Trump signed an executive order on Monday extending the US-China trade truce for three months, easing market concerns about a trade war between the world's two largest economies. Trump previously stated in a social media post that gold would not be subject to tariffs, but provided no further details.
Gold bears need to wait for a break below the key support level near $3342.
Technically, gold has successfully held the key support level of the 200-period SMA on the 4-hour chart, currently located in the $3344-3342 range. Given that oscillators on the chart are showing downward momentum, a break below this support level could drag gold towards the intermediate support level of $3315 and, subsequently, the $3300 mark. Any subsequent selling would be seen as a new trigger for short traders and pave the way for further declines in gold prices.
Conversely, a rebound above the $3358-3360 area could face strong resistance near $3380. A sustained break above this resistance level would allow gold to make another attempt to conquer the $3400 mark. A further break above last week's swing high of $3409-3410 would reverse the current bearish outlook and push gold prices towards testing the next key resistance level of $3422-3423. Upward momentum could extend to the strong horizontal resistance level of $3434-3435. A clear break above this resistance could challenge the historical peak of $3500 reached in April.
Overall, the gold market is currently caught in a tug-of-war between expectations of monetary policy easing and easing geopolitical risks, with technical indicators showing signs of consolidation and volatility. Investors are advised to closely monitor this week's inflation data and exercise caution until key levels are breached. PEPPERSTONE:XAUUSD VELOCITY:GOLD PEPPERSTONE:XAUUSD ACTIVTRADES:GOLD VANTAGE:XAUUSD CMCMARKETS:GOLD
Gold prices have been hit hardGold prices have been hit hard, following a sharp rally over the weekend as traders await further clarity from the Trump administration on its gold import tax policy.
The commodity had been exempted from the tax since April, but investors are still waiting for clearer signals on its long-term direction.
Joseph Cavatoni, senior market specialist for North America at the World Gold Council, said that different segments of the gold market are operating stably while waiting for further information.
According to Jim Wyckoff, senior analyst at Kitco Metals, the market rallied last week on the uncertainty surrounding tariffs, but is now seeing a sell-off as investors await more clarity from the White House.
On the economic data front, the US will release the consumer price index (CPI) on Tuesday and the producer price index (PPI) on Thursday. Wyckoff said that inflation data this week is particularly important after the weak jobs report. If the numbers come in higher than expected, the US Federal Reserve (Fed) could pause its interest rate cut plan in September, which would put downward pressure on gold prices.
EURUSD waiting for recovery to buy✏️EURUSD is still trading in an uptrend and is facing last week's top resistance at 1.170. The lower boundary of the price channel at 1.160 forms a 10-price boundary of the pair. Wait for support retests and buyers' reactions to trigger buying strategies towards the resistance at 1.181 next week
📉 Key Levels
Support: 1.159-1.145
Resistance: 1.169-1.181
BUY Trigger: Rejection of the support zone at 1.159
BUY zone 1.145 (Strong support zone)
Leave your comments on the idea. I am happy to read your views.
Gold long and short two-way layout ideasI write every article hoping to connect with those I'm connected with. I hope to help investors in need. Regardless of initial impressions, I should give them a chance to understand me. I believe that the fact you've read all this is fate, and investing is largely about fate. If you believe in fate and believe I can do something for you, you might want to talk to me.
Gold has been falling steadily today. Technically, the hourly moving average is turning upwards from its highs. This suggests a potential short-term rebound for gold bulls, and they may need significant news to stimulate their decline. Otherwise, they may struggle to achieve significant gains in the short term. With this hourly decline, there's little chance of a major rebound. The key level for gold remains around 3365-3380. After all, previous support levels have become resistance levels. If your current trading isn't ideal, I hope I can help you avoid investment setbacks. Feel free to discuss your options.
From the perspective of the 4-hour cycle structure, the lower support is focused on the 3340-3330 area, which is an effective support zone that has been verified many times; the upper resistance is focused on the 3365-3380 area, which may form a key suppression level in the short term. In terms of operation ideas, we should maintain a two-way strategy of shorting on rebounds and going long on pullbacks. According to the changes in the shape and momentum of prices touching key positions, we should flexibly adjust the entry direction, specific execution points and risk control plans. I will remind you as soon as the market touches key areas, so please pay attention in time.
Gold Trading Strategy:
1. Short gold in batches when it rebounds around 3365-3380, targeting 3350-3340.
2. Go long on gold when it falls back to around 3340-3330, with the target at 3355-3360.