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A Gold/GLD Drop Scenario You Should Not IgnoreSometimes you don't need a ton of information. Sometimes, it's just the right moment when a few facts come together, and you make up your mind. That's the case now with Gold for me. We know that the behavior changed when Gold left the Fork in July. We also know that if price leaves a Fork, it's highly possible we’ll see a test/re-test at the L-MLH, the lower median line parallel. Additionally, Allan H. Andrews, the inventor of the Median Lines/Forks, wrote back then that price could also crawl along the parallel line for a longer period. And if price can't manage to jump back into the Fork—regaining the trajectory of the slope—it will trade in the opposite direction sooner or later. Last but not least: I checked GLD too. Surprisingly it reached the Centerline just yesterday (See screenshot in the right lower corner of the Chart). So price has a high tendency to turn in the opposite direction when balanced again. So, there you have it. I’m planning a short, with profits at the WL as my first target. But what if it goes wrong, if price climbs higher? Well, then I’ll probably get stopped out, which is nothing more than part of this business. Any questions? Don't hesitate to ask me. It's the only way humans learn—by asking questions. Cheers §8-)
COMEX:GC1!Short
by Tr8dingN3rd
Gold 05/09: Ready to Scalp the Drop or Buy the Dip?🟢 Market Context Gold is currently showing a short-term bearish setup after a ChoCH (Change of Character) near 3,536.556. The market is rejecting supply and forming liquidity sweeps around the 3,531–3,533 zone. Expecting price to pull lower toward demand areas before the next bullish leg. ________________________________________ 📍 Key Levels & Trade Plan 🔴 Intraday Sell (Scalp Opportunity) • Entry: 3,531 – 3,533 • Stop Loss: 3,535 • Target: 3,485 🟢 Swing Buy Zones 1. Buy Zone 1: 3,475 – 3,477 o Stop Loss: 3,470 o Target: 3,508 – 3,526 2. Buy Zone 2 (Deeper Discount): 3,441 – 3,443 o Stop Loss: 3,435 o Target: 3,500+ ________________________________________ ⚖️ SMC Bias • Short-term: Bearish scalp from supply zone. • Mid-term: Looking for liquidity grab and bullish reversal at demand zones. • Long-term: Maintaining bullish order flow as long as deeper demand (3,441) holds.
OANDA:XAUUSDShort
by Ryan_TitanTrader
GOLD 03/09 : TIME TO SELL HOLD - WHERE TO AIM BUY TODAY ? 1. Overall Analysis Elliott Wave: Wave (5) appears to have completed, signalling a potential distribution phase. The market is likely entering an ABC corrective structure, with Wave A expected to retrace to key Fibonacci levels before rebounding into Wave B. Smart Money Concept (SMC): The BOS (Break of Structure) has been confirmed. There’s a Fair Value Gap (FVG) around the 3,500 level that price may revisit to fill. The CP Order Buy Zone near 3,485 shows a strong liquidity area for potential long-term buy setups. 2. SELL Plan SELL Zone: 3,550 – 3,552 Stop Loss (SL): 3,558 Take Profit (TP): TP1: 3,526 (Fib 0.266 – short-term target) TP2: 3,517 (Fib 0.382 – initial support zone) TP3: 3,508 – 3,506 (BUY SCALP/FVG zone) Logic: Price has finished Wave 5, forming a distribution zone. Smart Money is likely to sweep liquidity around 3,550 before driving the price lower to test the FVG. 3. BUY SCALP Plan BUY Zone: 3,508 – 3,506 (aligning with FVG) Stop Loss (SL): 3,499 Take Profit (TP): TP1: 3,526 (Fib 0.266 retracement) TP2: 3,540 (previous reaction zone) Logic: This zone coincides with an unfilled FVG and the 0.5–0.618 retracement levels of the previous leg. If price maintains bullish structure here, Wave B could rebound strongly. 4. Medium-Term BUY Zone CP Order Buy Zone: Around 3,485 Logic: This level is a significant liquidity pool often targeted by Smart Money. If the 3,506 zone breaks, this level becomes the next key area for medium-term accumulation, aiming for a potential Wave C push towards 3,550+. 5. Main Scenarios Primary Setup: Wait for a SELL entry at 3,550 – 3,552, SL 3,558, scaling out profits at the key support levels. Watch for a BUY SCALP opportunity in the 3,508 – 3,506 range if bullish confirmations appear. Alternate Setup: If price breaks below 3,506 and continues to drop, look for confirmation at 3,485 to build medium-term buy positions. 6. Risk Management Always place tight SLs for each setup. For SELL trades: reduce position size during high-impact news releases. For BUY SCALP trades: only enter on confirmation signals (e.g., pin bar, engulfing candle, or minor structure break on M5/M15).
OANDA:XAUUSDShort
by Linda_OneShotTrader
Is it Time to Buy Silver and Sell Gold???Analysis of the "Gold to Silver Ratio" will Reveal Curical Facts Analysis on Weekly Timeframe: 1. The ratio is trending within a symmetrical triangle pattern near 86.5.0, indicating gold is significantly more expensive relative to silver. 2. However, the ratio started declining after reaching peak of 105.5 during April, while testing the upper trend line of the triangle. 3. The ratio is expected to further fall & at least test the lower trendline of the triangle near 80.5, if breached, then support at 75.5 could be witnessed. 4. Currently, the ratio is trending near the levels previously seen during the Global Financial Crisis - 2008, after which it drastically declined. Silver Shines Brighter Than Gold --------------------------------------------------------------------------------------------------------------------- What is the Gold/Silver Ratio? - The Gold/Silver ratio measures the value of gold in relation to silver. - Basically, it tells us how many ounces of silver are needed to buy one ounce of gold. - For example, if gold was trading at $1000 and silver was priced at $20, the gold : silver ratio would be 50. - Current Situation - Gold Rate = ~$3500 & Silver = ~$40; the gold : silver ratio would be ~87.50 Interpretation - A high ratio means gold is more expensive relative to silver (and vice versa) - Historically, it has been seen that, when the ratio rises above 80 (currently it is 87.5), silver gets undervalued relative to gold - An undervalued silver makes it a potential buy against gold.
OANDA:XAUUSDShort
by Nadia_farhat
Gold Strategy Analysis: Price Breakout UnstoppableGold prices have been clearly bullish recently. Since Powell's speech sparked expectations of a rate cut, gold prices have found an opportunity to break out, triggering a powerful daily rebound with consecutive gains. The continued upward trend has been remarkably consistent, demonstrating unstoppable momentum. Currently, three key factors—expectations of rate cuts, tariff disruptions, and the geopolitical situation between Russia and Ukraine—have been supporting gold prices. Whenever gold prices fall into consolidation, news always emerges to pull them out of trouble. Summary: Currently, bulls are still in the driving force. If gold prices fall back, it's still advisable to open long positions. Gold Strategy Gold's 1-hour moving average continues to form a golden cross and diverge in a bullish pattern. The 1-hour moving average remains in a standard bullish trend. Continue to open long positions in the event of a decline. Opening points: 3437/3423.
TVC:GOLDLong
by Violet_Trading_Strategy
The day after a new higher highHello fellow traders! 👋 It seems like so many times again, the market went in a different direction than you may have expected. 🤷‍♀️ After multiple positive words from members of the Fed, a rate cut is likely to happen and is getting priced in. 📉 On Friday, July 29, we got some good economic data from the U.S., but the market acted differently. 🤔 Why is this? The data wasn't worse than expected; it was as expected. The market is taking this as a sign—a sign for higher prices. But, and this is a fact, many retail traders aren't. 😥 It's not about confusion; it's about the market (and us as traders) not having priced in all the possibilities. 🤯 The truth is, they are lying to you. They (the government) are telling people and the news that things are about to get fixed and will be good, but they aren't. 🤥 If you think the data we got on Friday is true, think again. Look at the data; you'll see the forecast was as expected, but in reality, the numbers are better than before. Do you get it? The obvious conclusion isn't always the real one. 💡 In my opinion, the U.S. economic data everyone is talking about is much better than many people think because the news is written to make it seem bad. 😒 You can think whatever you want, of course! Price went up, not down, and a rally was chased. Many stop-loss orders were hit and turned into a cascade of higher prices. 📈 Institutions are buying gold, yes, because the dollar is cheap (?), and a rate cut is coming with a very high probability. 💰 So they buy gold, which results in many people's (and that's a good thing) stop-loss orders being executed. 👏 (sorry) I've seen it in the past, and you can see it too if you look at my data table. Whenever a very high gold price was reached, a correction followed. 📉 I expect a correction on Monday or Tuesday, and this correction will lead to at least $3418, which is the 0.382 Fibonacci level. In my view, $3403 is the 0.5 level and more realistic. If you look at the table I put in the image, you can see that the day after a high price like we had today, the correction was always at the 0.5 Fibonacci level or more! 📊 Don't think it won't happen; they will trap you in any way they can, such as with fakeouts... 😈 Believe in the market and its structure because, until now, there has never been a day without a correction after a rally like this! 💪
FX_IDC:XAUUSDShort
by Wick-Sniper
2
GOLD 29/08: Monthly Candle Closing. DON'T BUY FOMOGold is at a decisive point: will the market continue its bullish run, or is it setting up a deeper correction? Using Smart Money Concepts (SMC) and Elliott Wave Theory, we can map out clear scenarios without falling into FOMO traps. 🔎 Market Structure (SMC + Elliott) Elliott Wave: The structure has completed waves III – IV – V, with wave V tapping into the higher trendline (D1). This suggests a potential exhaustion phase. SMC: Multiple BMS (Break of Market Structure) signals → liquidity manipulation by institutions. EQH (Equal Highs) and EQL (Equal Lows) → liquidity pools ready to be swept. Key Demand Zones identified: 3398 – 3396 (EQH + BMS support) 3372 – 3370 (deep liquidity sweep / EQL) The D1 trendline remains the main dynamic resistance. 📌 Trading Plan Scenario 1 – Short-term Sell (Counter-trend): Sell Zone: 3319 – 3321 Stop Loss: 3327 Target: Demand Zone 3398 – 3396 Scenario 2 – Buy at Demand Zone 1 (Main Setup): Buy Zone: 3398 – 3396 Stop Loss: 3390 Target: 3410 – 3415 (D1 trendline retest) Scenario 3 – Buy at Demand Zone 2 (Deeper Sweep): Buy Zone: 3372 – 3370 Stop Loss: 3365 Target: 3400 – 3410 ✅ Best Risk-Reward setup, aligned with liquidity grab + Elliott retracement. ✅ Conclusion The bigger picture still supports a bullish bias, but liquidity sweeps may occur before continuation. Avoid chasing the market. Wait for confirmation at demand zones for optimal entries. Main focus: Buy from 3398–3396 or 3372–3370, instead of entering impulsively at highs.
OANDA:XAUUSDShort
by Linda_OneShotTrader
OPEN WEEK WILL DUMP TO 3410 OR PUMP TO 3500 ?The chart shows that gold is currently in a strong bullish trend. Price has broken above a significant supply zone, which now acts as a demand zone. The recent "BOS" (Break of Structure) confirms this bullish momentum. Trading Strategy 1. Bullish Scenario (Primary): Entry: Look for a pullback to the key demand zone around the 3,410–3,425 level. This is a high-probability area for a bounce. Target: The main target for this bullish move is the new week high at 3,500 and potentially extending to 3,520. Stop Loss: Place your stop loss below the low of the demand zone to protect your capital. 2. Bearish Scenario (Secondary): Confirmation: A break below the demand zone at 3,410 would invalidate the primary bullish plan. Target: If this happens, price could retrace back to the D1 Trendline around the 3,350 level. 3. Key Levels to Watch: Support: 3,410 - 3,425: Major demand zone. 3,380: A minor support level. 3,350: The D1 Trendline. Resistance: 3,447: Current high. 3,500: Key psychological and structural resistance level. 3,520: Final target. Important Notes Risk Management: Always use a proper stop loss and never risk more than 1-2% of your capital on a single trade. Confirmation: Wait for bullish price action signals like an engulfing candle, pin bar, or double bottom on a lower timeframe before entering a long position. Market News: Be aware of any high-impact news events that could affect the price of gold.
OANDA:XAUUSDShort
by Linda_OneShotTrader
XAUUSD M5 BEARISH STRUCTURE QML LATE RETEST PATTERN NO 02Yes, this is the same market structure where we previously identified a buy setup on the M5 timeframe. Once again, the last Higher High (HH) has been formed, and immediately after that, an Order Block (OB) appeared on M5. If this OB or “engineer candle” had been formed in isolation, it would hold no real value. However, its authenticity becomes valid because price first created the last HH before forming this structure. This setup aligns perfectly as a QML (Quasimodo Level) with a late retest, according to both the M5 and M15 timeframes.
OANDA:XAUUSDShort
by Raheel950
Gold XAUUSD Intraday Analysis 28.08.2025Gold volume has been shrinking over time, signaling reduced momentum. The price is approaching the 3403–3405 resistance zone, which aligns with a well-respected trendline. This area can serve as a potential reversal point for a short setup. If price rejects this zone, downside movement toward 3384 becomes likely. A stop loss above 3414 protects against invalidation of the idea. Trading Plan (Educational Idea) Entry Zone (Sell): 3403 – 3405 Stop Loss: 3414 Take Profit: 3384 Notes. Confirmation is required at the resistance (such as wick rejection, bearish close, or momentum shift). Invalidation occurs on a sustained break above 3414. This is a trendline-based counter-trade setup with defined risk.
OANDA:XAUUSDShort
by QuinnReed_Charts
15-Min SMC Analysis: Potential Pullback from High to Demand ZoneThis chart shows the 15-minute timeframe of Gold (XAU/USD) using Smart Money Concepts such as CHoCH (Change of Character), BOS (Break of Structure), and Order Blocks. A potential "Weak High" has been marked, suggesting a possible price rejection from that area. The projection indicates a bearish move towards the 3,382.276 and 3,378.766 levels. A demand zone is also highlighted below, which could act as support. Currently, the price is near a resistance zone after a bullish move, indicating a potential short-term pullback.
TVC:GOLDShort
by GaryTardeInsight
Smart Money Playbook: Where Will Gold Hunt Liquidity Next?Gold SMC Daily Plan – 26/08 Market Context (SMC perspective): Price is consolidating near 3375 after an impulsive bullish move. There’s uncollected liquidity above 3385–3400, an FVG around 3354, and a deep buy zone at 3323–3327. Structure remains bullish unless 3327 is broken. ________________________________________ Key SMC Zones • Liquidity Pool: 3385–3400 (potential sweep before reversal) • FVG: 3354 region – watch for reaction • Buy Zone: 3323–3327 (SL 3320) • BOS/ChoCH: Upside confirmed above 3354; bearish shift if 3327 breaks ________________________________________ Trading Scenarios (SMC Logic) 1) BUY SCALP – Quick Liquidity Grab • Entry: 3350–3352 (FVG support) • SL: 3343 • TP: 3355 → 3360 → 3375 → 3385 → 3400+ Reason: Mitigation of FVG + bullish BOS continuation. ________________________________________ 2) BUY ZONE – Swing Setup • Entry: 3339–3336 (deep OB) • SL: 3334 • TP: 3340 → 3350 → 3360 → 3365 → 3370 → 3380 → 3390 → 3400+ Reason: Possible liquidity sweep below 3340 before upside continuation. ________________________________________ 3) SELL SCALP – Quick Reversal • Entry: 3380–3383 (above intra-day liquidity) • SL: 3385 • TP: 3378 → 3374 → 3370 → 3365 → 3360 → 3350 Reason: Sweep of local highs → BOS to downside. ________________________________________ 4) SELL ZONE – High-Risk Liquidity Sweep • Entry: 3400–3402 • SL: 3406 • TP: 3395 → 3390 → 3385 → 3380 → 3370 → 3360 Reason: Hunt major liquidity above 3400, then reversal. ________________________________________ SMC Flow for Today: • Look for buy confirmations around FVG 3354 or deep buy zone 3327. • If price sweeps 3385–3400 first, watch for sell setups with BOS confirmation. • Structure bias flips bearish only if price closes below 3327.
OANDA:XAUUSDShort
by Ryan_TitanTrader
Gold SMC Playbook 25/08 – Liquidity Hunt at 3400 & 3325Market Context (SMC perspective) Price is consolidating around 3367 after a strong impulsive push up and is currently reacting near minor resistance. Clear ChoCH & BOS patterns confirm bullish intent on H1; however, liquidity pools remain below 3343 & 3325 (buy-side liquidity). Imbalance zones identified: 3343–3341 and deeper 3325–3323 OB zone. Key Levels Resistance (Supply): 3372 – 3382 – 3389 Support (Demand): 3350 – 3342 – 3325 SMC Bias: Mixed – Play Both Long & Short Setups Around Liquidity 🔴 SELL Scenario (Short-term Liquidity Grab) Entry: 3400 – 3403 (above local liquidity sweep) Stop Loss: 3408 Targets: TP1: 3390 (partial) TP2: 3380 TP3: 3370 TP4: 3360 (open 3350 liquidity zone) Rationale: Anticipate a sweep above 3400 into supply, then mitigation and sell-off. 🟢 BUY Scenario (Bullish Continuation from Demand OB) Entry 1 (Scalp Buy): 3343 – 3341 (reactive zone) SL 3337 Entry 2 (Main OB): 3325 – 3323 (strong OB) SL 3319 Targets: TP1: 3330 TP2: 3340 TP3: 3350 TP4: 3370 (open 3390 liquidity) Rationale: Price may retrace to fill imbalance below 3340 and mitigate OB at 3325 before next bullish impulse. Execution Plan (SMC flow): Wait for liquidity sweep at highs or lows (above 3400 or below 3325) with confirmation. Look for ChoCH & BOS on LTF (M5–M15) around OB for entry confirmation. Trail SL to protect profits after TP1 hit; partial out and hold runner toward final liquidity target.
OANDA:XAUUSDShort
by Ryan_TitanTrader
Gold Near Breakout – Watch $3,369 and $3,330Gold remains in a downtrend, forming a Bear Flag pattern within a broader descending channel. Price is capped below key resistance at $3,360–3,369 and is hovering near $3,340. A breakdown below $3,330 could accelerate losses toward $3,300 and $3,280, while a short-term bullish break above $3,369 may trigger a retracement toward $3,380 before sellers likely re-enter. Overall bias stays bearish unless price closes firmly above the upper resistance zone. 🔑 Key Levels to Watch - Resistance: $3,360 → $3,369 → $3,380 - Support: $3,330 → $3,300 → $3,280 - Breakout Zones: Below $3,330 → Targets $3,300 and $3,280. Above $3,369 → Target $3,380 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!
OANDA:XAUUSDShort
by SibiSh
Gold XAUUSD Intraday Setup 20.08.2025Gold trading in bearish channel with price at 3324 after support at 3312. Resistance zones: 3329-3331, 3340-3343. Low volatility indicates consolidation. Potential for a retest of 3312 if bearish momentum resumes. Watch for a break above 3341 as it could signal a trend reversal. Trading Idea:1 Entry: 3329-3331 Stop Loss: 3338 Take Profit: 3312 Condition: Bearish candlestick at resistance. Trading Idea:2 Entry: 3341-3343 Stop Loss: 3350 Take Profit: 3325 Condition: Bearish candlestick at resistance. Notes. Confirm with volume increase on sell-off. Watch for false breakouts above 3340-3341.
FOREXCOM:XAUUSDShort
by QuinnReed_Charts
Gold 4h | BearishGold has been trading within a bearish parallel channel on the 4H timeframe, respecting both upper and lower trendlines with clear momentum to the downside. Price structure continues to form lower highs (LH) and lower lows (LL), confirming the prevailing bearish trend. 🔎 Key Observations: Bearish Market Structure – The sequence of lower highs and lower lows indicates sellers are firmly in control. Each rally attempt has been capped below previous highs, showing strong supply pressure. Parallel Channel – Price action is respecting the channel boundaries. Recent rejections from the upper trendline reinforce the bearish outlook. Psychological Level – 3300 – The 3300 zone stands out as a major psychological level and a potential magnet for price. It also aligns with historical demand, making it a critical support to watch. Momentum – Current candles show strong bearish bodies with weak rejections, highlighting continued downside pressure. 📉 Bearish Outlook: If sellers maintain control, Gold is likely to extend the move down towards the 3300 demand zone. A clean break below this level could open the door for deeper corrections. 📊 Possible Scenarios: Base Case (Bearish Continuation): Price respects the channel and continues lower toward 3300. Alternative Scenario (Temporary Pullback): A minor retracement to retest 3345–3355 resistance before continuing lower. ⚠️ Risk Management: Watch for bullish reversal signals around 3300, as this level may attract strong buyers. A breakout above 3370 would weaken the bearish bias and suggest short-term strength. ✅ Summary: Gold remains bearish on the 4H chart, with sellers driving momentum toward the 3300 psychological level. Unless bulls step in aggressively, the downside remains the path of least resistance.
FOREXCOM:XAUUSDShort
by awaisulabdeen
Gold Rises to 3339 – Awaiting Pullback to 3317📊 Market Overview After dipping to 3326, gold rebounded sharply and reached 3339 in the latest session. The upside momentum came from safe-haven demand as the USD temporarily weakened. However, ahead of the Jackson Hole symposium, the market remains cautious with no clear trend established. 📉 Technical Analysis • Key Resistance: 3338–3341 (fresh intraday top) • Nearest Support: 3326–3328, deeper support at 3317 (major level) • EMA: Price is trading above EMA9 on the H1 timeframe, indicating short-term bullish momentum still intact • Candles & Momentum: Continuous bullish candles from 3326 → 3339, but limited volume suggests a potential pullback ahead 📌 Outlook In the short term, gold is likely to face selling pressure near 3338–3341. A break below 3326 could open the way toward the key 3317 support zone for a retest of buyers’ strength. 💡 Suggested Trading Strategy 🔻 SELL XAU/USD at: 3338–3341 🎯 TP: 40/80/200 pips 🛑 SL: 3344 🔺 BUY XAU/USD at: 3317 - 3314 🎯 TP: 3332 / 3340 🛑 SL: 3311
OANDA:XAUUSDShort
by Mian-FXSignals
$3,331 Support Under Siege — Is Gold About to Crash?Price has been trending lower since the left side of the chart, shifting from a distribution top into a sequence of lower highs and lower lows. After the failed rally into the mid-chart, sellers re-asserted control and the market is now compressing under a local supply shelf. The last several candles hover around ~3,338 with shallow bounces and repeated rejections—typical of a market leaning heavy into support rather than springing from it. The key battleground is the 3,331 zone (two green dotted prints around 3,331.17 / 3,329.85). It has acted as a base multiple times, but every touch is coming from lower highs, which increases the odds of a breakdown. Beneath that, a clean air pocket runs to 3,301.28–3,301.77 (next green level), and if momentum extends, the measured downside points toward 3,268.12 at the bottom of your map. On the topside, supply stacks up tightly: intraday cap at 3,355.98–3,360.00, then higher resistance shelves at 3,374.81, 3,390.60, and 3,409.43 (all marked with red dotted lines). The clustering of red “S” markers around the 3,355–3,375 area reinforces that zone as distribution/sell interest. Market structure confirms the bearish bias: each rally attempt is getting sold earlier (progressively lower swing highs near ~3,360 → ~3,350), while the base at 3,331 is getting probed more often. That’s classic compression into support. The small-bodied candles near current price show lack of aggressive buying; wicks on the upside into ~3,345–3,355 keep getting faded. The green “B” markers that appeared on recent dips have not driven a higher high, which weakens their signal and suggests they’re catching falling knives inside a down-structure. A quick invalidation map helps frame risk: any 1H close back above 3,360 would neutralize the immediate short idea and expose a squeeze toward 3,374.8, and only then would 3,390.6 → 3,409.4 come back into play. Until that reclaim, the path of least resistance remains down, with liquidity likely resting below 3,329–3,331. Trade Setup (bearish) • Option A — Breakdown Play: Sell the decisive break and 1H close below 3,331, or short a retest of 3,331–3,334 from underneath. Stop: above 3,356–3,360 supply. Targets: 3,301 first, stretch to 3,268 if momentum persists. • Option B — Fade the Rally: If price bounces into 3,352–3,360 supply, look for rejection wicks to short. Stop: above 3,374.8 (next resistance shelf). Targets: 3,331 initial, then 3,301; leave a runner toward 3,268. Risk notes: avoid chasing the very first tick below 3,331—gold often does a quick sweep before the real move. If a sweep below 3,331 snaps back inside the range and closes above the level, step aside; that’s a trap. Once the first target is hit, consider taking partial profits and trail the stop above the most recent 1H lower high to stay aligned with the down-trend. Economic calendar icons on the chart suggest upcoming USD events—expect spikes; keep sizing modest until after prints.
OANDA:XAUUSDShort
by SupertradeOfficial
When gold rebounds, go short directly, don’t hesitate!Gold, influenced by positive CPI data, surged rapidly from around 3340, reaching a high of 3354 before entering a period of volatility. Currently, prices are fluctuating narrowly around 3349, facing significant upward pressure. Focus on the 3357-3370 range. Support is concentrated around 3335-3320. Short-term investors can flexibly participate within this range. If your current trading is not satisfactory, please feel free to contact us. We hope to help you avoid investment pitfalls and achieve more stable trading. Analysis of the 4-hour chart shows upward resistance at 3357-3370. Continue shorting within this range on rallies, anticipating a price decline. The overall trend remains unchanged. I will provide you with the specific operation strategies at the bottom, so stay tuned. Gold operation suggestions: short when it rebounds to 3357-3370 area, target 3345-3335; long when it falls back to 3335-3320 area, target 3350-3355.
OANDA:XAUUSDShort
by Trade-Daniel1