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Goldtechnicalanalysis

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
2
A short-term turning point for gold is imminent.Gold surged due to news, reaching a new high near 4420. For a smooth reversal, a false breakout followed by a pullback is likely needed to trigger a trend reversal. Currently, gold has not yet completed a valid pullback confirmation after briefly breaking through the 4400 level. Typically, after a price breaks above a key psychological level, a pullback is necessary to consolidate before continuing the upward trend. While maintaining a strong upward trend, the key short-term resistance zone is 4430-4450. Consider a small short position upon reaching this level, entering in batches with small positions and managing position size carefully to avoid losses during the confirmation of a right-side high, which could be accompanied by repeated rallies and pullbacks. Downside targets are 4400-4380-4365, with further resistance at 4460-4480. Important reminder: Do not chase the price above 4400. Beware of the risk of a pullback after a surge. Markets driven by news often rise quickly, but once the positive news has been fully priced in, the pullback can be just as rapid.
OANDA:XAUUSDShort
by Daniel_PrimeFX
1
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 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
Gold Drops from 4247 High – Watching Reaction at 4200🔹 Market Overview Early this morning, after the FED cut rates by 0.25%, gold surged to 4247 due to a weaker USD and falling yields. However, profit-taking and defensive flows pushed the price back down to 4213. ________________________________________ 🔹 Technical Analysis • Near Resistance: 4240 – 4248 • Major Resistance: 4260 – 4280 • Near Support: 4206 – 4200 • Strong Support: 4175 – 4160 📉 EMA20/50 (H1): price cooled down to the mid-range between EMAs after the spike. 📉 RSI H1: dropped from overbought to neutral → bullish momentum weakened. 🕯️ H1 Candles: multiple wick-heavy candles appeared at 4240–4248 → selling pressure visible. ________________________________________ 🔹 Outlook • Gold is in a pullback phase after a major news spike, range contracting. • If 4200 holds, gold may rebound to 4235–4245. • If 4200 breaks, price could fall to 4175–4160. • Medium-term trend remains positive after the FED rate cut. ________________________________________ 🔹 Trading Strategy 🔻 SELL XAU/USD : 4243 – 4246 🛑 SL: 4249 🎯 TP: 40 / 80 / 200 pips 🔺 BUY XAU/USD : 4200 – 4203 🛑 SL: 4196 🎯 TP: 40 / 80 / 200 pips
OANDA:XAUUSDShort
by Mian-FXSignals
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
What will happen to gold next week?Gold Price Analysis: Gold closed perfectly on Friday. Friday's recommendation was to short gold, which reached a high of around 4259 before falling back to close near 4198, breaking below 4200 again. After breaking out of the triangle consolidation pattern on the hourly chart, gold also broke yesterday's high. The evening's decline makes a pullback next week more anticipated. Next week, we will continue to monitor the support level around 4175-4160, and the resistance level around 4220-4230 (the high of the evening's rebound). The wide-range fluctuation continues, with 4200 acting as a short-term watershed. Trading requires patience; whether buying on dips or selling on rallies, wait for the midpoint and upper trendline. Furthermore, no medium-term opportunities were filled this week; only short-term trades were executed. Gold has entered a small triangle consolidation pattern. This triangle is worth watching, as there are two possibilities: either it forms a pennant consolidation pattern, or it maintains a range-bound or wide-range consolidation. Is a sharp decline possible? Yes, we need to pay attention to the upward trendline and lower our expectations. Gold Technical Analysis: Currently, $4200 is the focal point. The key support level going forward is the $4175-$4160 area, which we've emphasized. A break below this level would trigger a strong downward move. Before that, as we've stressed, there will be repeated rallies. Regarding resistance, the first area is clearly $4220-$4230, which is a short-term minor trendline resistance. The key area to watch is $4255-$4265. In other words, if the price rallies but doesn't break through this level, the downside is expected to continue. In summary, our trading strategy for Monday is to primarily sell on rallies and secondarily buy on dips. The key resistance level to watch in the short term is around $4220-$4230, and the key support level is around $4175-$4160. Please stay tuned.
OANDA:XAUUSDShort
by Daniel_PrimeFX
15
Gold is bullish – another perfect day!Gold Technical Analysis: Looking at the current trend, gold rebounded after testing the lows again today. We are treating it as a range-bound market. We recommended buying around 4185-4170, which was reached multiple times. Gold has now surged as expected, with the next resistance level around 4230-4240 USD. Gold has recently experienced a slight dip, but this doesn't affect the bullish trend; in fact, it could be the start of a bullish rally. Gold prices only rebound after a dip; they won't bounce back from where they are. Therefore, this dip presents an opportunity for the bulls to exert their strength. On the daily chart, the price is still holding above the moving average. Although it closed with a bearish candlestick, the lower shadow indicates a clear nightmare for the bears. It has consistently held above the support line. The previous low was around 4164, followed by a rise to around 4241, and today's pullback to around 4175. Clearly, the lows are continuously rising, and the slope remains upward. We continue to watch the 4230-4240 area!
OANDA:XAUUSDLong
by Daniel_PrimeFX
2
How to properly seize gold trading opportunities?Gold Technical Analysis: Gold rebounded yesterday, finding support near the 5-day moving average, but as expected, it encountered resistance around 4230 and retreated to around 4195. Weaker-than-expected ADP non-farm payroll data caused another rebound to around 4241, but the price subsequently retreated again to around 4195. The daily chart ultimately closed with a bearish doji candlestick with an upper shadow. Reviewing yesterday's price action, although there was a rebound, it failed to break Tuesday's high, indicating market apprehension about Tuesday's bearish candlestick. The positive ADP data only pushed the high to around 4241, suggesting a weakening of bullish momentum. A short-term technical correction is possible. Based on the daily chart structure, the key support level to watch today is the 10-day moving average around 4180-4170, while the resistance level to watch is around 4230-4240. Returning to the hourly chart, gold is currently trending upwards within a range. During the US session, consider a buy-on-dips strategy around the 4180-4170 area. If the previous high of 4230-4240 resistance fails to hold, then consider shorting. Plan your trade, trade your plan. There are no gods in this world; it's just about seeing one step ahead. When you've considered everything that might happen, victory is assured. In summary, today's gold trading strategy is to primarily buy on dips and secondarily sell on rallies. The key resistance level to watch in the short term is around 4230-4240, and the key support level is around 4180-4165. Please keep up with the pace.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Recent Gold Market Dynamics, Analysis, and Strategies!Gold rebounded yesterday, finding support around the 5-day moving average, but as expected, it encountered resistance near 4230 and retreated to around 4195. Influenced by the anticipated ADP non-farm payroll data, the price rebounded again to around 4241, but subsequently retreated back to around 4195. The daily chart ultimately closed with a bearish doji candlestick with an upper shadow. Reviewing yesterday's price action, although there was a rebound, it failed to break Tuesday's high, indicating market apprehension about Tuesday's bearish candlestick. Even the positive ADP data only pushed the high to around 4241, suggesting a weakening of bullish momentum. A technical correction is possible in the short term. Based on the daily chart structure, the key support level to watch today is the 10-day moving average around 4170, while the resistance level to watch remains around 4230-4240. Based on the hourly chart, gold may trade sideways today. There is short-term trendline resistance above, which coincides with the upper limit of the range around 4230-4240. Therefore, the 4230-4240 area can be considered a key resistance level today. On the downside, pay attention to the short-term support area around 4180-4170. If the intraday structure shifts downward, there is still a possibility of going back to around 4150. In terms of trading strategy, gold is expected to remain range-bound today, maintaining a strategy of buying low and selling high within the 4240-4170 range. Avoid overly extended directional expectations; first observe the range, then look for a breakout. Watch for resistance around 4230-4240; a rebound failing to break this level would be a good entry point for short-term short positions. On the downside, watch for support around 4180-4170; a pullback and stabilization would present an opportunity to buy on dips.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Perfectly captured the intraday gold price trend!Gold Technical Analysis: Gold's volatility today was smaller than expected. It opened near 4200, rebounded, weakened and pulled back after approaching 4230, then rebounded again near 4194. The overall range was less than $50. Recent gold price movements have been volatile, mainly due to the approaching Fed rate cut, market volatility from economic data and official speeches, leading to poor continuity in gold's price action. However, any significant pullbacks have been followed by rapid rebounds. Furthermore, the rising expectation of a rate cut continues to provide support for gold. Therefore, we have been sharing a buy-on-dips strategy recently, and today's opportunities for both long and short positions were accurately captured. Those who are currently out of the market can continue to enter long positions on pullbacks. On the hourly chart, gold's current trend is one of upward oscillation. During the US session, consider a buy-on-dips strategy around 4200-4180. If the previous high of 4250-4260 resistance fails to hold, then consider shorting. Plan your trade, trade your plan. There are no gods in this world; it's just a matter of seeing one step ahead. In summary, today's gold trading strategy is to primarily buy on dips and secondarily sell on rallies. The key resistance level to watch in the short term is around 4250-4260, and the key support level is around 4200-4180. Please keep up with the pace.
OANDA:XAUUSDLong
by Daniel_PrimeFX
We perfectly capitalized on multiple bottoming out and rebounds!Yesterday, the bulls tested the bottom and rebounded, reaching a low of around 4163 in the US session before rebounding to a high of around 4229, approaching yesterday's high of 4235. Although it is currently undergoing a slight pullback correction, the overall trend is relatively bullish, and there is a possibility of further upward breakout after a period of consolidation. The support level below is currently around the psychological level of 4200, which may be breached. However, given the current situation, the possibility of a continuous decline is relatively small. After all, in a continuous upward trend, yesterday's single bearish candle will serve as an important indicator of bullish correction. The key support level below remains around 4190-4180, which is crucial for the subsequent bullish or bearish trend. If the price continues to consolidate above 4200 during the European session, you could consider taking a small long position if conditions permit. The key resistance level remains around yesterday's high of 4235. If this level is broken, the price may continue to rise. However, for those seeking a more conservative approach, it is advisable to wait for a pullback before taking long positions. If the price pulls back to the 4200-4180 range during the day, consider taking long positions in batches.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Gold rallies again after a V-shaped recovery.Gold has once again exhibited a typical bottoming-out rebound pattern. After dipping to a low of around 4181 during the day, it quickly stabilized and rebounded. Currently, gold has successfully regained its footing above 4200, and the bullish structure remains intact. We accurately placed long orders around 4182, and as expected, successfully took profits above 4200. Once again, we grasped the rhythm, and our trading strategy remains clear: if a pullback doesn't break through, we will continue to focus on buying on dips. This is not blindly chasing the rise, but rather based on the current international environment, which continues to favor gold prices, coupled with the constantly strengthening bullish technical structure. Following the trend is our core trading logic. From a 4-hour chart perspective, the key resistance level to watch is around 4250-60, a crucial resistance zone that the bulls must break through. On the downside, the key support level is around 4180-4170, a core support level in this current structure. As long as this level holds, the bullish momentum will remain unchanged, and the overall trend will continue its upward movement within a range. The more thorough the pullback, the clearer the opportunities. We will continue to patiently wait for key levels, execute our plan, avoid chasing rallies, and refrain from impulsive actions. If you've been experiencing chaotic trading lately, struggling to determine the direction, and frequently getting caught in market fluctuations, feel free to discuss it with me. Perhaps what you lack isn't luck, but a sound trading strategy. I will provide timely updates on specific entry points and strategies at the bottom; just stay tuned.
OANDA:XAUUSDLong
by Daniel_PrimeFX
The bulls are correcting before continuing their upward surge!Gold opened lower but rebounded, quickly stabilizing around 4192. Bulls launched a counterattack from the lows, reaching a high of around 4226 before entering a period of consolidation and pullback. The current movement is still within a normal adjustment structure, with some room for further retracement. In terms of trading, focus on the key support zone around 4200-4190, which was broken after the previous surge. As long as this zone holds, the strategy remains to buy on dips. The international macroeconomic environment continues to favor gold, and the technical structure also remains bullish. Therefore, buying on dips is crucial, rather than blindly chasing highs – this is the core of sound trading. Looking at the 4-hour chart, the resistance level to watch is around 4250-4260, a key resistance level. Support is seen around 4205-4190, a crucial support level for the bulls. Therefore, today's strategy remains to patiently wait for pullbacks at key levels. As long as the support holds, the potential for further bullish movement remains significant.
OANDA:XAUUSDLong
by Daniel_PrimeFX
A perfect grasp of both bullish and bearish trends.Gold remains in an overall bullish trend, consistently hitting new recent highs. The bullish momentum remains strong, and pullbacks during the US session present buying opportunities. After testing the lows again in the US session, gold rebounded, maintaining its bullish strength. Continue to buy in the 4225-4215 range during the US session. The 1-hour moving averages are still in a bullish golden cross and diverging upwards, indicating further upward momentum. Gold rebounded strongly after testing the lows around 4215 in the morning, and again during the US session. The highs during pullbacks are progressively higher, suggesting continued buying opportunities during the US session. The principle is simple: follow the trend. Gold is currently in a bullish trend, and pullbacks present buying opportunities.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Will gold prices fall after a surgeWhat will become ofthe marketGold Technical Analysis: Today, the gold market was paralyzed due to a data malfunction on the CME Group, leading to the closure of all gold trading. Due to the Thanksgiving holiday, trading was relatively quiet, and overall price fluctuations were not significant. However, the overall trend remains bullish. Looking at the intraday price action, fundamental uncertainties exacerbated market sentiment volatility, but the overall trading range remained within the expected range of 4220-4155. This indicates that with the US market closed today, market sentiment remains cautious, not blindly following sudden fundamental developments or completely deviating from technical expectations. However, this also reflects the current market's lack of direction and the risk of sudden price movements due to other factors. Gold is still trading within an upward channel on the hourly chart. A pullback to the lower channel support suggests a continued bullish trend. During the US session, gold is expected to fall back to 4160, presenting an opportunity to buy on dips. The hourly chart also shows gold at the upper edge of a range-bound pattern, potentially forming a support/resistance level. Support lies around 4160, the starting point of the morning's rise, which could become a key level for determining future direction. Key resistance is around 4220; a break above this level could lead to a challenge of the previous high near 4245. The recent upward movement after the open may be due to pent-up energy from the past two days of consolidation. Currently, the market trend leans towards an upward consolidation, so our trading strategy should focus on the bullish direction.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 4240-4250, while the key support level is 4170-4160. Please stay tuned for further updates.
OANDA:XAUUSDLong
by Daniel_PrimeFX
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