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Goldlongsetup

GOLD: Where Will The Bulls Take Us Next?Why we should buy... (H4) Market structure is still bullish. Last strong BOS was through 3425, which confirms continuation. Demand Zone to watch:3428–3435 In case we get a deeper pullback, another zone to keep an eye on is 3405–3415. (H1) Gold closed the week strong, creating a clean FVG at 3430–3438 which aligns with H4 demand. As long as price holds above 3428, bulls remain in control. (M15) Intraday structure is bullish. Price is still creating higher highs and higher lows. Liquidity is sitting just above 3455–3460 which you could use for your first target. There is some internal liquidity also built up below 3435. This could be a perfect sweep area for a retest entry. Invalidation: A clean H4 close below 3420 would invalidate my bias and open further decline back into 3405–3415 area.
FOREXCOM:XAUUSDLong
by Dynamic-Dani
Gold Price At Record High: Will The Yellow Metal Hit New Highs? The precious metals market is experiencing unprecedented excitement as gold prices soar to fresh record highs, captivating investors and analysts worldwide. With escalating trade tensions and a weakening dollar serving as primary catalysts, the yellow metal has demonstrated remarkable resilience and strength, prompting widespread speculation about whether this bullish momentum can sustain itself into the future. The Current Gold Rush: Understanding the Record-Breaking Performance Gold's recent surge to new all-time highs represents more than just a temporary market fluctuation; it signals a fundamental shift in global economic sentiment. The precious metal, long considered a safe-haven asset during times of uncertainty, has once again proven its worth as investors seek refuge from mounting geopolitical tensions and currency devaluation concerns. The current rally builds upon decades of gold's historical performance as a store of value, but the velocity and magnitude of recent gains have surprised even seasoned market veterans. Trading volumes have reached extraordinary levels as both institutional and retail investors scramble to secure positions in what many perceive as an increasingly valuable hedge against economic instability. Market dynamics have shifted dramatically as traditional investment paradigms face unprecedented challenges. The convergence of multiple economic factors has created what analysts describe as a "perfect storm" for gold appreciation, with technical indicators suggesting that the current momentum may have significant staying power. Trade Tensions: The Geopolitical Engine Behind Gold's Ascent Escalating trade tensions between major global economies have emerged as one of the most significant drivers of gold's recent performance. As diplomatic relationships strain and tariff wars intensify, investors are increasingly turning to gold as protection against the economic fallout from deteriorating international trade relationships. The ripple effects of trade disputes extend far beyond immediate market reactions, creating long-term uncertainty that fundamentally alters investment strategies. Supply chain disruptions, shifting manufacturing bases, and retaliatory measures between trading partners have introduced volatility into traditional asset classes, making gold's stability increasingly attractive. Historical precedent supports the correlation between trade tensions and gold appreciation. During previous periods of international economic conflict, gold has consistently outperformed other asset classes, serving as a reliable indicator of market stress. The current environment mirrors many characteristics of past trade disputes, but the scale and scope of contemporary tensions suggest potentially more sustained pressure on global markets. Corporate earnings have begun reflecting the impact of trade uncertainties, with many multinational companies reporting decreased profitability due to increased operational costs and market access restrictions. This corporate stress translates directly into equity market volatility, further reinforcing gold's appeal as a portfolio diversification tool. Dollar Weakness: Currency Dynamics Fueling Gold's Rise The weakening dollar has provided substantial tailwinds for gold's recent rally, as the inverse relationship between the world's primary reserve currency and precious metals continues to hold true. Dollar depreciation makes gold more affordable for international buyers while simultaneously reducing the opportunity cost of holding non-yielding assets. Federal Reserve monetary policy decisions have played a crucial role in dollar weakness, with accommodative policies designed to support economic growth having unintended consequences for currency strength. Lower interest rates reduce the attractiveness of dollar-denominated investments, prompting capital flows toward alternative stores of value like gold. International central banks have been notable participants in this shift, with many diversifying their foreign exchange reserves away from dollars and toward gold. This institutional buying provides a substantial floor for gold prices while signaling long-term confidence in the metal's value proposition. Currency market volatility has reached levels not seen since major financial crises, creating an environment where traditional hedging strategies prove inadequate. Gold's role as a currency hedge becomes particularly valuable during periods of extreme volatility, as it maintains purchasing power across different monetary systems. Expert Analysis: Professional Perspectives on Gold's Future Leading precious metals analysts remain cautiously optimistic about gold's prospects, though opinions vary regarding the sustainability of current price levels. Many experts point to fundamental supply and demand imbalances that could support higher prices over the medium to long term. Mining industry challenges have contributed to supply constraints that may persist for years. New gold discoveries have declined significantly, while existing mines face increasing production costs due to deeper extraction requirements and stricter environmental regulations. These supply-side factors create a foundation for price appreciation independent of demand fluctuations. Investment demand patterns have evolved substantially, with younger demographics showing increased interest in gold exposure through exchange-traded funds and digital platforms. This demographic shift suggests potential for sustained demand growth as these investors mature and accumulate wealth. Technical analysis reveals strong chart patterns that many experts interpret as indicative of continued upward momentum. Key resistance levels have been decisively broken, and momentum indicators suggest that the current rally may have significant room to run before encountering meaningful technical obstacles. Market Structure and Institutional Participation The composition of gold market participants has undergone significant transformation in recent years, with institutional investors playing an increasingly prominent role. Pension funds, endowments, and sovereign wealth funds have allocated substantial resources to gold exposure, providing stability and reducing volatility compared to retail-dominated markets. Derivatives markets have expanded dramatically, offering sophisticated investors numerous ways to gain gold exposure while managing risk. Options activity has reached record levels, with both speculative and hedging strategies contributing to increased market depth and liquidity. Exchange-traded funds focused on gold have experienced massive inflows, representing one of the most accessible ways for investors to participate in gold's appreciation. These vehicles have democratized gold investment while providing transparency and liquidity that traditional physical ownership cannot match. Central bank policies beyond the United States have also influenced gold markets, with European and Asian monetary authorities implementing strategies that indirectly support precious metals prices. Coordinated global monetary expansion has created conditions favorable to hard asset appreciation. Economic Fundamentals Supporting Gold Inflation expectations have begun rising in many developed economies, creating conditions historically favorable to gold appreciation. While inflation rates remain relatively subdued, forward-looking indicators suggest potential for significant price pressures in coming years. Debt levels across both public and private sectors have reached unprecedented heights, raising questions about long-term fiscal sustainability. Gold serves as a hedge against potential debt crises and currency devaluations that could result from unsustainable borrowing practices. Real interest rates, calculated as nominal rates minus inflation expectations, have turned negative in many jurisdictions. This environment reduces the opportunity cost of holding gold while making yield-bearing alternatives less attractive on an inflation-adjusted basis. Global economic growth concerns have intensified, with many indicators suggesting potential recession risks. Historical data demonstrates gold's tendency to outperform during economic downturns, making current positioning particularly attractive for risk-averse investors. Risks and Challenges Facing Gold's Bull Run Despite strong fundamentals supporting higher gold prices, several factors could potentially derail the current rally. Sudden improvements in trade relationships could reduce safe-haven demand, while unexpected dollar strength might pressure gold prices lower. Cryptocurrency adoption continues expanding, with some investors viewing digital assets as modern alternatives to traditional safe havens like gold. This technological disruption could potentially reduce gold's relevance for younger investors seeking portfolio diversification. Central bank policy reversals remain a constant threat to gold's momentum. Should major monetary authorities shift toward more hawkish policies, resulting interest rate increases could make yield-bearing assets more attractive relative to gold. Market positioning has become increasingly crowded, with speculative positions reaching levels that historically precede corrective pullbacks. While fundamentals remain supportive, technical factors suggest vulnerability to profit-taking activities. Looking Ahead: Future Prospects for Gold The convergence of multiple supportive factors suggests that gold's bull market may have significant longevity, though volatility should be expected along the way. Structural changes in global monetary systems, persistent geopolitical tensions, and evolving investor preferences all point toward sustained demand for precious metals exposure. Long-term demographic trends favor gold appreciation, as emerging market wealth accumulation traditionally includes substantial precious metals allocations. Growing middle classes in Asia and other developing regions represent vast potential demand that could support higher prices for decades. Environmental and social governance considerations are beginning to influence mining operations, potentially constraining future supply growth while supporting premium pricing for responsibly sourced gold. These factors add another dimension to gold's investment thesis beyond traditional monetary considerations. The yellow metal's record-breaking performance appears to reflect genuine fundamental changes rather than speculative excess, suggesting that new highs may indeed be achievable. While short-term volatility remains inevitable, the underlying conditions supporting gold's appreciation show little sign of abating, making a compelling case for continued strength in the precious metals complex. As global economic uncertainty persists and traditional investment paradigms face mounting challenges, gold's role as a portfolio cornerstone seems likely to expand rather than diminish, potentially driving prices to levels previously thought impossible.
OANDA:XAUUSDLong
by bryandowningqln
Whether gold can break through 3500 becomes the keyGold fell at the opening today before rising. Following the US Court of Appeals for the Federal Circuit's ruling that Trump's tariffs were illegal, the market rebounded strongly, reaching a high of 3489, edging closer to its all-time high. Our sell order on Friday was hit by the stop loss of 3460 because we did not close the profit in time, which unfortunately ended our continuous profit streak. As the gold price approaches its historical high, the resistance it faces from above will certainly become stronger. It is very critical whether it can break through 3500 in the next two days. If it fails to break through, it will face a decline. Therefore, you must not chase the current rise in gold, at least before it breaks through 3500 or retreats to the support below. The US market is closed today for Labor Day, reducing liquidity and volatility. Therefore, I don't anticipate many good trading opportunities. Everyone should relax and take it easy. I'll notify you if I see a good opportunity.
TVC:GOLD
by Running_Golden_Bull
Gold Reaches New High at 3,486 Amid Rising Rate-Cut Expectations📊 Market Overview: Gold surged to a new high at $3,486/oz, surpassing earlier levels around $3,470, driven by elevated expectations of a Fed interest rate cut this month. A weaker USD—amid dovish Fed comments and a court ruling limiting Trump-era tariffs—further underpinned gold’s appeal. 📉 Technical Analysis: • Key resistance: $3,490–$3,495 (psychological barrier before $3,500). • Nearest support: $3,460–$3,465 (EMA 09 + technical zone). • EMA 09: Gold is trading above EMA 09 → bullish momentum. • Candles / Volume / Momentum: Continuous rally with strong demand; however, a pullback is likely near resistance. 📌 Outlook: Gold may continue climbing in the short term if Fed cut expectations remain firm and USD stays weak. However, stronger US data (such as this week’s NFP) could dampen rate-cut bets and trigger a short-term correction. 💡 Suggested Trading Strategy 🔻 SELL XAU/USD : ~$3,492–$3,495 🎯 TP: 40/80/200 pips 🛑 SL: ~$3,498 🔺 BUY XAU/USD : ~$3,462–$3,465 🎯 TP: 40/80/200 pips 🛑 SL: ~$3,459
OANDA:XAUUSDLong
by Mian-FXSignals
Gold, Silver soar on rate cut hopes & Trump tariff rullingGold and silver are making headlines as both metals surge amid a mix of macroeconomic and technical factors. Gold is trading just below its all-time record, having recently touched $3,495 per ounce, while silver has soared to a 14-year high of above $40.50. The main catalyst behind this rally is growing confidence that the Federal Reserve will cut interest rates soon, following dovish signals from Fed officials and signs of a softening US job market. With markets now pricing in a 90% chance of a rate cut, the US dollar has weakened, making non-yielding assets, such as gold and silver, more attractive. The recent US court ruling that deemed most of President Trump’s tariffs illegal has added further pressure on the dollar, while thin trading conditions due to a US bank holiday have amplified price moves. Bullish signals for gold and silver are strong. Both metals are also benefiting from tight supply conditions and ongoing geopolitical uncertainty, which are driving investors toward safe-haven assets. Gold is consolidating just below record highs, and technical analysis points to a potential breakout from a bullish symmetrical triangle pattern. If confirmed, this could propel gold toward new highs, with targets in the $3,550–$3,820 range. Silver’s rally is supported by a classic pennant formation, with technical projections suggesting a move toward $42 is possible in the short term. However, there are bearish risks to consider. If upcoming US employment data surprises to the upside or inflation remains stubbornly high, the Fed could delay or scale back rate cuts, which would strengthen the dollar and potentially cap further gains in gold and silver. Additionally, both metals are trading near major resistance levels, and a failure to break out convincingly could trigger profit-taking or a technical pullback. For gold, support sits around $3,440, with the 50-day moving average at $3,350 providing a key floor. For silver, a drop below $39.55 could signal a short-term reversal. While the setup favours further upside, especially if the Fed delivers on market expectations, traders should stay alert to key data releases and resistance levels that could shift the narrative in either direction. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAGUSD
by ThinkMarkets
Gold Surges $70+ – Extreme Volatility, Traders Stay Sharp!Market Overview Gold (XAUUSD) has just witnessed a shocking $70+ rally, sparking intense volatility across global markets. Rising geopolitical tensions are driving safe-haven demand to the extreme, making gold the centre of attention worldwide. In this highly tense and unpredictable environment, every entry decision could be a make-or-break moment for traders. 🔎 Macro Outlook 🌍 Geopolitical risks → Money continues to flow into gold as a safe haven. 💵 USD & bond yields are not strong enough to halt the momentum. 📊 Upcoming PCE data & Fed policy decisions could inject even more volatility. 📊 Technical Outlook (H4) After the explosive rally, gold consolidated within CP Zone H4 before breaking out higher. Key Support Zones 3,462 – 3,443 → Critical levels to sustain the bullish structure. Key Resistance Zones 3,487 – 3,518 → Possible reaction area before correction. A breakout could open the path to 3,536 and beyond. 📌 Possible Scenarios Scenario 1 (Preferred) ✅ Price holds above 3,462 → Tests 3,511 – 3,518 and potentially breaks towards 3,536. Scenario 2 (Deeper Pullback) ⚠️ If 3,462 fails → Price may retest 3,443 before regaining upward momentum. 🎯 Trading Plan (Reference Only) ✅ BUY ZONE 1 Entry: 3453 – 3451 SL: 3446 TP: 3460 – 3465 – 3470 – 3475 – 3480 – ??? ✅ BUY ZONE 2 Entry: 3444 – 3442 SL: 3438 TP: 3450 – 3460 – 3470 – 3480 – ??? ❌ SELL ZONE Entry: 3512 – 3514 SL: 3518 TP: 3505 – 3500 – 3495 – 3490 – 3480 – 3470 💡 Final Thoughts Gold remains in a strong uptrend, fuelled by geopolitical risk and macro flows. Yet after such an aggressive move, a technical correction is highly likely. Traders should carefully monitor price action around support/resistance zones for optimal entries. ❗ Most importantly: stick to risk management & Stop Loss discipline – in markets like this, survival comes before profit.
OANDA:XAUUSDLong
by MMFlowTrading
1
Gold retreats, buying opportunity reappearsAfter stabilizing at 3400 yesterday, gold prices continued their upward trend, reaching a high of 3423. This is very consistent with my view yesterday. The only regret is that gold prices did not return to 3400 after the article was published, and we missed this wave of gains. Yesterday, in his speech on monetary policy, Waller expressed support for a 25 basis point interest rate cut in September and predicted further rate cuts within the next three to six months. If the employment data shows "significant weakness" in the US economy, he may support a larger rate cut (which is bullish for gold). Based on gold's trend, 3400 OANDA:XAUUSD is definitely a key level. After yesterday's breakthrough, it has clearly become strong support. Therefore, I believe that as long as gold prices remain above 3400, the range of gold prices will likely be between 3400 and 3450. Gold prices just retreated again. Not wanting to miss out, I bought around 3405, with a take-profit of $10-30 depending on the situation, and a stop-loss of $3395-3390. If the 3395-3390 range is broken, don't go long on gold.
TVC:GOLDLong
by Running_Golden_Bull
1
Whether gold can hold steady at 3400 is the keyThe current market is bullish, primarily due to the developments surrounding Trump's proposed firing of Cook. Of the seven members of the Federal Reserve Board, three already support a rate cut: Bowman, Milan, and Waller. With the addition of another supporter, Trump's goal would be achieved. If Cook were to be fired and a more compliant candidate were to be promoted, the rate cut would be achieved, but the Fed's independence would also be undermined. The dollar, US stocks, and US Treasuries would all be affected, and gold, the best safe-haven asset, would inevitably soar. Today, we're focusing on two levels: 3400 and 3380. If gold can stabilize above 3400 OANDA:XAUUSD , it's likely to head towards 3430-3450. At that point, you could consider buying around 3400. Conversely, if it can't hold above 3400, it could test support at 3380. As long as it doesn't fall below 3380, it would be a good buying opportunity. Good luck to everyone💪 📣If you have different opinions, please leave a message below to discuss
TVC:GOLDLong
by Running_Golden_Bull
1
Gold Pulls Back Slightly Ahead of U.S. PCE Data📊 Market Dynamics: Gold eased to around $3,408/oz due to profit-taking after the recent rally, while investors await U.S. PCE inflation data – a key indicator that could influence the Fed’s rate-cut decision. 📉 Technical Analysis: • Key Resistance: $3,425 – $3,430 • Nearest Support: $3,400 – $3,395 • EMA 09: Price remains above EMA 09, keeping the bullish bias intact. • Candlestick / Momentum: H1 candles show long lower wicks around $3,400, signaling potential buying pressure. 📌 Outlook: In the short term, gold may consolidate around $3,400 and rebound if PCE data reinforces expectations of an imminent Fed rate cut. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD: $3,427 – $3,430 🎯 TP: 40/80/200 pips ❌ SL: $3,433 🔺 BUY XAU/USD: $3,397 – $3,400 🎯 TP: 40/80/200 pips ❌ SL: $3,394
OANDA:XAUUSDLong
by Mian-FXSignals
Gold Price Update – Neutral Trend with Key Breakout Levels AheadAs of August 26, 2025, gold (XAU/USD) is trading around $3,375 and remains in a consolidation phase inside a symmetrical triangle. Price is holding between $3,170 support and $3,450 resistance, with $3,493 as a major supply zone. A breakout above $3,450–$3,493 could extend the rally toward $3,600, while a breakdown below $3,293–$3,170 may trigger a decline toward $3,000. Until a clear breakout occurs, the overall trend is neutral with a slight bullish bias due to the long-term uptrend still intact. 🔑 Key Levels to Watch - Resistance: $3,383 → $3,450 → $3,493 - Support: $3,317 → $3,293 → $3,232 - Breakout Zones: Below $3,293: Opens room to $3,170. Above $3,390: May lead to fresh highs toward $3,450+ Price has been ranging for months between $3,170 (Fib 0.618) support and $3,493 (supply/weak high) resistance. Market structure shows multiple CHoCH (Change of Character) signals, indicating indecision and sideways consolidation. Gold 1hr Chart Gold is in an uptrend, but watch $3,378 resistance for breakout confirmation; otherwise, expect a dip toward $3,345–$3,357 before resuming higher. Buy Zone: $3,345 – $3,357 (ideal retracement support) Buy Trigger: Break and close above $3,378 (confirmation for upside move) Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XAUUSDLong
by SibiSh
XAUUSD: Don’t rush to chase the rise, wait for a pullback firstThis year's Jackson Hole symposium, held at a policy crossroads for the Federal Reserve over whether to cut interest rates, captivated global attention. Powell's shift from hawkish to dovish rhetoric ignited the market, completely contradicting previous market forecasts. The US dollar subsequently fell sharply, leading to a breakout rally in gold, from $3,330 to around $3,380. In the short term, gold prices surged strongly last Friday, with many investors chasing long positions. Therefore, we should be wary of a pullback after profit-taking. Furthermore, Powell's speech last Friday has largely been digested, and the excitement has cooled somewhat. In the long term, gold prices will undoubtedly continue to rise. A Fed rate cut is imminent, and any reduction, regardless of the magnitude, would represent a resumption of quantitative easing. The resulting situation is foreseeable. The US dollar will continue to decline, while gold will continue to rise, potentially reaching a new all-time high of $3,500. Looking at the 1-hour gold chart, 3350, which has previously failed to break through, will be the next key support level. If it holds, buy boldly. If it breaks, look for further support at 3330. Therefore, don't rush into trading. Waiting for the right entry point will be more efficient and more stable.
TVC:GOLDLong
by Running_Golden_Bull
1
Gold Breaks Descending Trendline After Support RejectionHello guys! Price touched the major support level at the recent low, confirming buyers’ activity. After that, a QM (Quasimodo) pattern formed, often seen before reversals. The descending trendline has been broken, showing weakness in bearish momentum and a potential shift to the upside. A long entry can be considered in the QM blue zone, which is now acting as a demand area. As long as price holds above this zone, the bias remains bullish, with potential for continuation higher.
OANDA:XAUUSDLong
by melikatrader94
15
FOMC mins could be rates catalyst if Powell is neutral at JHSTraders are laser-focused on the release of the FOMC meeting minutes, which could prove to be the most significant market-moving event ahead of the Jackson Hole Symposium if Powell offers no insights. With markets already pricing in an 85% chance of a rate cut at the September meeting, the tone and details within the minutes will be crucial. The last FOMC meeting saw a strong division among members, with the decision to hold rates steady hinging on strong jobs data—a data point that was later revised downward, fueling speculation about a potential shift in the Fed’s outlook. The upcoming minutes offer the Fed an opportunity to clarify its stance, especially in light of the softer jobs numbers and mixed inflation signals. Traders will be watching closely for any signs that the Fed is becoming more dovish, which could reinforce expectations for a September cut, or for hints of caution that might temper those hopes. Ultimately, while Powell’s speech at Jackson Hole will set the broader policy tone, the FOMC minutes tonight may provide the first real clues about how the Fed is weighing recent economic developments and what that means for rate policy in the months ahead. The market is more dovish than the Fed’s own projections, so any hawkish signals could prompt a repricing. Gold is inversely correlated with the dollar and Fed policy. If Powell is less dovish, gold could see downside, with key support at $3,270 and potential for a move down to $2,934 if the triangle pattern breaks lower. Upside targets, if the pattern breaks higher, are $3,773–$3,785, with a 66% statistical chance of reaching the measured move. The current price action suggests a symmetrical triangle, which is a neutral pattern but slightly favours continuation of the prevailing trend (bullish in this case). Watch for a break of $3,270 for downside or a move above the triangle for upside momentum. RSI divergence and an ending wedge pattern hint at a possible reversal, so traders should stay alert for shifts following the FOMC minutes and Powell’s speech. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:XAUUSDLong
by ThinkMarkets
2
Gold Breakout Ahead of FOMC – Next Step Trading PlanGold Breakout Ahead of FOMC – Key Levels & Trading Plan Gold surged strongly in line with MMFLOW’s previous outlook, breaking through short-term resistances and the descending trendline within just one session. This early breakout ahead of the FOMC meeting signals that bullish momentum is firmly in play. Even though price moved before the actual FOMC release, the market confirmed our directional bias: after clearing liquidity below, Gold quickly bounced back, reclaiming higher zones. With positive fundamentals supporting the metal in the long run, the bullish case for XAUUSD remains intact. Currently, structure shows a clean breakout of the bearish channel, and we are waiting for a retest of KeyLevels today to fuel the next bullish leg. 📊 MMFLOW Market Outlook Primary Bias: Bullish – Buy the dips Scenarios: 🔹 Buy opportunities near strong support levels 🔹 Tactical sells only at confirmed resistance with rejection Daily chart left a strong bullish confirmation candle, suggesting that pullbacks are opportunities to reload long positions. 🔥 Trading Plan – Buy/Sell Zones & Scalp Strategy ✅ BUY SCALP Entry: 3333 – 3331 Stop Loss: 3327 Take Profit: 3338 – 3343 – 3348 – 3352 – 3356 – 3360 – ??? ✅ BUY ZONE (Swing/Position) Entry: 3316 – 3314 Stop Loss: 3310 Take Profit: 3320 – 3325 – 3330 – 3335 – 3340 – 3350 – 3360 – ??? 🔻 SELL ZONE Entry: 3368 – 3370 Stop Loss: 3375 Take Profit: 3364 – 3360 – 3355 – 3350 – 3345 – 3340 – 3330 📌 Key Levels to Watch Supports: 3332 – 3323 – 3315 Resistances: 3348 – 3362 – 3370 – 3383 🚨 Risk Note: If price dips too deep into 331x, beware of potential liquidity traps. Always respect your TP/SL as volatility remains high around FOMC events. ✨ MMFLOW Reminder: 👉 KeyLevels = Profits. 👉 Buy the dips, ride the bullish pump.
OANDA:XAUUSDLong
by MMFlowTrading
2
XAUUSD/SELLAfter the release of the Federal Reserve minutes yesterday, gold prices rose to 3352 but didn't rise further. The minutes mentioned several key points, namely inflation and unemployment. Overall, the unemployment rate is more important than the inflation rate. Meanwhile, the renewed talks between Russia and Ukraine seemed uneventful, and the meeting went smoothly. As a result, gold prices fell again after the Asian market opened. The current price is 3337, down approximately $15/ounce from 3352, indicating that upward pressure remains. During this pullback, we need to watch whether the decline can be halted around 3330-3335. If not, we need to wait for a lower level, around 3310. Today is Thursday. Focus on the impact of the initial jobless claims data on gold prices. For trading, you can still refer to the current selling strategy. While waiting for a decline, confirm the presence of support below. Currently, there is no major news to boost gold prices. Remember to manage your trading risk. Set take-profit and stop-loss orders to prevent extreme market fluctuations from adversely affecting your account.
OANDA:XAUUSDShort
by WIN_Ludvig