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Goldtechnicalanalysis

Seeking high-probability trading opportunities in gold.Gold Price Trend Analysis: Looking at the 4-hour chart, gold is currently showing a trend of both higher highs and higher lows. However, using a Fibonacci retracement level, gold is facing resistance at the 0.618 Fibonacci retracement level, specifically around 4155, which triggered a decline. However, it found support at the 4110-4100 area, a previous support level, ultimately closing above 4110. Therefore, today we need to pay attention to the support levels at 4110 and the psychological level of 4100. Long positions can be considered. Looking at the MACD indicator, the fast and slow lines were previously converging, but diverged yesterday as expectations of a Fed rate cut increased. This divergence may continue during the US session today. We need to watch for a break above 4155; if it breaks, a move towards 4180-4200 is expected. The 1-hour moving averages continue to trend upwards, maintaining a bullish alignment. Reviewing the day's gold price movement, the overall trend remains upward, with a short-term pullback from the 4150-4160 area. It's important to note that gold has seen minimal pullbacks throughout its upward breakout. Even the pullback in the European session only tested the 4110 level before resuming its upward climb. The short-term upward trend remains intact. In the US session, consider buying on dips above 4100. The key resistance level is the same as on the 4-hour chart, at 4155. However, today's price action didn't see a pullback to 4100; instead, it fell to 4110 before rebounding. Therefore, it's highly likely that gold will surge upwards in the evening, breaking through 4155. The key level to watch then becomes 4180, which is the resistance of the previous trendline on the daily chart. 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 4160-4180, while the key support level is 4110-4100. Please follow the recommendations carefully.
OANDA:XAUUSDLong
by Daniel_PrimeFX
4
On November 26th, consider buying gold again after it retraces tOn the 4-hour chart for gold, the moving averages continue to trend upwards, maintaining a bullish alignment. Reviewing the intraday gold price movement, the overall trend remains upward, with a short-term pullback from the 415-4160 area. It's important to note that gold has seen minimal pullbacks throughout its upward breakout. The pullback in the European session only tested the 4110 level before continuing its upward climb. The short-term upward trend is expected to continue, and during the US session, buying on dips above 4100 is recommended.
TVC:GOLDLong
by AnalystDavid_
1
Short first, then go long. The rhythm was perfectly in place!The bottoming strategy suggested buying low and selling high in gold, and the expected pullback from the 4155 resistance level materialized. Buying near 4110 also precisely hit the low point, resulting in immediate profits. Those who followed the strategy reaped good gains. The intraday strategy of first selling and then buying gold perfectly executed. From the current gold price structure, the price is gradually completing a shift from strength to weakness within a consolidation pattern. The current upward trend resistance remains concentrated in the 4160-4180 area. Only a decisive break above this trendline resistance will open up further upside potential and usher in a new round of continuation opportunities. Conversely, if it fails to break through, this area may still become a consolidation resistance at the end of a triangle pattern. Therefore, even with an overall bullish bias, it is not recommended to blindly chase the market in the middle. On the 4-hour chart, short-term support is around 4115-4100, while resistance remains around 4160-4180. Trading strategy should be based on the strength of the price action, buying low and selling high at opportune moments.
OANDA:XAUUSDLong
by Daniel_PrimeFX
The bullish trend is back; seize the opportunity today.Gold prices briefly retreated to around 4040 after opening yesterday before trending upwards. The high has now reached 4155, a daily gain of approximately $115. The daily candlestick closed as a nearly full-bodied bullish candle, demonstrating a strong upward trend and raising market expectations for continued bullish momentum. This is especially true given yesterday's bullish breakouts through various resistance levels, with both momentum and strength showing signs of further strengthening. However, it is important to note that the downward trend formed by connecting the previous high and the second-highest point still exists, posing the biggest challenge to the bulls. Key resistance is concentrated in the 4160-4180 area, which will become a watershed between bulls and bears. If gold breaks through strongly and stabilizes above this level, it will likely continue to test the 4200 level. If it encounters resistance and falls back in this area, it means that this rise is more of a correction before a downtrend, rather than a true trend reversal. Support below is in the 4130-4110 area, which is an important retracement point and an extreme support level for the day. Given the current overall bullish structure, this area remains the core reference zone for gradually placing long orders during the day.
OANDA:XAUUSDLong
by Daniel_PrimeFX
2
The time is right to operate on the upper and lower rails.When gold prices rebounded to around 4095-4110, they encountered significant resistance. This price level is likely a key technical resistance area. It could be the starting point of the previous price decline (i.e., the previous high), an important psychological level, the upper Bollinger Band on the daily chart, or a significant Fibonacci retracement level, such as the 38.2% or 50% retracement level. Near this price level, selling pressure will significantly increase. From a candlestick pattern perspective, this could manifest as a bearish engulfing pattern, an evening star pattern, or consecutive upper shadows, all indicating that the upward momentum is gradually weakening. Therefore, placing short orders in batches around 4090-4110 is advisable, anticipating a pullback after the price encounters resistance and then tests the lower support levels. The 4030-4020 area forms a strong support level within the current trading range. This level may be a low point platform formed by previous pullbacks, the lower Bollinger Band on the daily chart, or the location of the upward trend line. When the price pulls back to 4030-4020, it will attract bullish funds to enter the market to buy on the dip, while short sellers will also choose to take profits, thus forming buying support. From an indicator perspective, if the price touches the 4030-4020 area, the Relative Strength Index (RSI) may enter the oversold zone (e.g., below 30), signaling an impending price rebound. Therefore, placing long orders near 4030-4020 is an attempt to speculate on a rebound to the upper part of the trading range after the price finds support here. The stop loss is set below 4020 to prevent a larger pullback if the support level is effectively broken. In summary, the gold market is currently oscillating within the 4030-4020 and 4095-4110 ranges. Trading strategies should revolve around a "sell high, buy low" approach. When the price approaches the upper limit of the range, look for shorting opportunities, targeting the lower limit; when the price approaches the lower limit, look for long opportunities, targeting the upper limit. This strategy often yields good results when the market lacks significant fundamental news. Specifically, short gold around 4095-4110, targeting around 4050; and long gold around 4030-4020, targeting around 4070.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Seize the opportunity to short sell at high levels.Technically, gold closed last week in a range-bound manner, and short positions once again yielded good profits. Shorting in the 4080-4100 range, focusing on selling at higher levels, offered considerable profit potential. Given the overall bearish structure on the 4-hour chart, the strategy of buying low and selling high within the lower range, relying on strong resistance and support (primarily shorting), was also favorable for those who went long. However, given the overall bearish trend, going long against the trend is generally cautious and should be avoided, especially chasing rallies in the middle. There's not much to say technically; the overall strategy remains to patiently sell on rallies. Intraday, if there's another rebound, shorting in batches within the 4080-4100 range can be considered.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Economic growth concerns may be overstated.Gold Technical Analysis: Last week, gold traded in a range. Monday saw a decline, Tuesday saw a dip to a weekly low near 3998 before rebounding to a positive close, Wednesday saw a rise followed by a fall, resulting in a small-bodied positive candle with a long upper shadow, and Thursday and Friday saw doji candles. The weekly chart ultimately closed with a small negative candle with upper and lower shadows, indicating continued short-term consolidation. Looking at the intraday chart, Friday saw another doji, reaching a high near 4101. The previous high of 4110 was not broken, and after a quick rise, the price returned to around 4050, clearly showing a tug-of-war between bulls and bears. This week, the market has been relatively quiet, with no major data releases. Given the limited movement in gold last week, consistently trading in a range from relatively low to high levels, a clear trend is not yet emerging. Since the daily chart showed a pullback from around 4132, each subsequent decline has been followed by a rebound after testing the bottom. Therefore, this is a strong rebound, not a reversal. However, without a major positive catalyst, the previous resistance level of 4110 will be difficult to overcome. The rebound last Friday, followed by another surge driven by news, has likely extended the adjustment period. Today, Monday, there are no major news catalysts, and the consolidation and fluctuations at the weekly and weekly levels are not yet over. Therefore, the trading strategy for gold today remains range-bound, continuing the 4000-4130 range. The trading strategy is to maintain a short-selling approach, paying close attention to key levels. For now, gold is unlikely to experience significant price movements; a market stimulus is needed to break out with strong directional momentum. In summary, the recommended trading strategy for gold today is primarily to sell on rallies, with buying on dips as a secondary approach. The key resistance level to watch in the short term is 4100-4130, and the key support level is 4030-4000. Please follow the trend closely.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold continued to fluctuate on November 24th.Gold is currently trading on the hourly chart, with short-term moving averages remaining flat and converging, compressing the price between 4000-4120 and further narrowing the range to 4100-4130. Based on the current trend, the US session is likely to maintain a slightly range-bound movement. On the hourly chart, the price has broken out of the previous low-level consolidation range, and the candlestick pattern is gradually maintaining a slightly stronger upward trend along the short-term moving averages, suggesting potential for further short-term gains. However, the strength of these gains needs to be assessed, and attention should be paid to any short-term corrections or adjustments.
TVC:GOLDShort
by AnalystDavid_
1
Gold's bullish and bearish trends were perfectly timed this weekGold Technical Analysis: Gold prices have been fluctuating between 4000 and 4110 in recent days, lacking a clear direction. This volatile market requires both caution and opportunity searching. Neither long nor short positions are inherently wrong; the key is precise entry points. Based on this week's closing price, gold reached a high of 4101 before retracing and closing at 4065. Next week, continue to monitor the range-bound movement. The monthly chart for gold may close with a doji, and next week will likely see continued range-bound trading. The weekly chart also shows a doji, indicating no clear direction. While the overall trend remains bullish, the pullback is not yet complete. Looking at the weekly chart alone, next week we temporarily recommend buying low and selling high within the 4110-4020 range until it is broken. A break above this range could lead to 4130-4150 or even 4200, while a break below could target 4000-3980. Strong support is at 3930, with an extreme low around 3886. The daily chart closed with a doji on Friday, so continue with a range-bound trading strategy on Monday. Looking at the 4-hour chart, it is currently consolidating near the end of a triangle pattern. Once it breaks out effectively, there is an estimated profit potential of nearly $250. Before the breakout, operate within the trading range. Go long near the lower edge of the range around 4020 and go short near the upper edge around 4110. Go short a little earlier, around 4100. On the hourly chart, the moving averages are crossing upwards, indicating a bullish alignment. Currently, 4020 is a key short-term support level. If it holds, it will likely remain within the range. A break below this level could see strong support at the 4000 mark. The 4110 level also presents significant resistance; several attempts to break through have failed. However, this level is expected to gradually narrow over time. The longer the consolidation period, the stronger the subsequent breakout. The fundamentals of the bull market remain unchanged, and there is still room for further upward movement. In summary, the recommended trading strategy for gold is to primarily buy on dips and secondarily sell on rallies. The key resistance level to watch in the short term is around 4100-4110, while the key support level is around 4020-4000. Traders must follow the market closely, manage their positions carefully, and strictly adhere to stop-loss orders. Avoid holding losing positions. For specific trading instructions, please refer to the bottom notifications.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Buy gold on dips on November 24th.In the short term, the daily chart is currently showing signs of weakness, with moving averages turning downwards and the price breaking below the daily mid-band. Therefore, the intraday outlook is likely to be a decline followed by a rise, and our strategy should follow this pattern: short first, then long. For support, we still expect entry around 4025, with a stop-loss at 4005. Upside targets are 4050-80 and 4100. For shorting, we can wait for a rebound to around 4075 before entering, with a stop-loss above 4090. Pay close attention to the strength of the European session. If the European session is strong, buy on dips before the US session; if the European session is weak, sell on rallies before the US session, targeting a bottoming out and rebound.
TVC:GOLDLong
by AnalystDavid_
Gold rebound presents an opportunity，Why wait and do nothing?Following the release of supplementary US non-farm payroll data for September, the relatively strong job growth coupled with a resurgence in the unemployment rate has once again created a contradictory situation in the market. This has also led to growing disagreement within the Federal Reserve regarding whether to continue cutting interest rates in December. Judging from the recent tone of Fed officials' speeches, most officials lean towards a conservative and cautious approach, believing that maintaining the current interest rate is appropriate. The recent performance of the US dollar index best illustrates this point, putting significant pressure on gold, which has repeatedly weakened. However, there is clear buying interest at lower levels, with each sell-off followed by a rapid rebound, though the momentum has been weak. Intraday, gold retraced to around 4060, quickly rebounded to around 4080, and then fell back again. During the European session, it broke below the key short-term support around 4040, accelerating its decline and briefly touching around 4022. It then fluctuated before gradually stabilizing around 4030. Currently, the US session has seen another rapid rebound, mirroring yesterday's pattern. The recommended strategy is to look for opportunities to short after rallies. The short-term tone is set, and market sentiment is destined to be weak; at least avoid excessive shorting at lower levels. Gold Trading Strategy: Sell gold in batches around 4080-4100, with a target of 4060-4030.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold continues to fluctuate; is it brewing a major move?Gold prices remained range-bound yesterday, reaching our suggested shorting points and support levels. The highest point reached was around 4110, before falling back to around 4040 in the US session before rebounding. The day closed with a bearish doji candlestick, a signal of a potential breakout. A breakout today would likely lead to further continuation of the downward trend. After a quick rebound to around 4088, prices fell again, with key support around the previous low of 4020. This level represents the last line of defense for the bears; a breach here would open up further downside potential, with the next target around 4000. However, this is only the first small target; a further break below this level could lead to a retest of the previous low of 3900. The overall trend is currently weak and volatile. During the decline or rise, unexpected patterns may emerge. What we need to do now is patiently wait for the price to reach the resistance level or break out of the narrow range before following suit. Avoid blindly chasing highs and lows, as this could lead to losses during the consolidation phase. If gold rebounds to around 4065-4080, consider shorting, targeting 4050-4030. If it breaks through this level during the European session, look for opportunities to short during the US session rebound.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold Weekly Closes on November 21; Rebound Still BearishGold prices rebounded quickly to around 4088 after opening before continuing to fall. Key support lies around the previous low of 4020, which is the last line of defense for the bulls. A breach of this level would open up further downside potential, with the next target likely around 4000. However, this is only the first small target; a further break below this level could lead to a retest of the previous low of 3900. From the 4-hour chart, the key resistance level to watch is 4076-85, while the key support level is 4020-25. Technically, a pullback is more likely. We will patiently wait for key entry points.
TVC:GOLDShort
by AnalystDavid_
1
Focus on opportunities to buy on dips.My thoughts on today's gold price movement! From a technical perspective, gold is currently still consolidating at high levels, with the consolidation narrowing. Gold will face a choice in the near future. Looking at the price action, yesterday's US session saw gold prices rebound to a high below 4110 before encountering resistance and trending lower again. This area remains a significant resistance zone, and it's a key resistance level for short sellers to watch. Since the price hasn't broken through this level yet, we should continue to analyze the consolidation, buying low and selling high. The main resistance level is around 4100-4110. Therefore, if gold prices directly retest the 4100-4110 area and a clear bearish pattern forms, short positions can be initiated. However, if the price breaks strongly above this area, it's best to avoid short positions. Conversely, if the price first falls to test the 4040-4120 support level, long positions can be considered.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Gold awaits non-farm payroll data for direction！Gold Technical Analysis: Today's highly anticipated non-farm payrolls report is a major event. This isn't just any ordinary employment data; it's the first employment report released since the US government reopened, drawing immense attention. Why is this non-farm payrolls data so crucial? Consider this: during the government shutdown, many economic data couldn't be released normally. Now that the government is finally back, this data is like a ray of light in the darkness, illuminating the latest situation in the US job market. Moreover, it will have a key impact on the Federal Reserve's future monetary policy direction, meaning it could potentially create significant volatility in the financial markets. Looking at Tuesday's ADP data, the focus is undoubtedly on weak employment and increased expectations of interest rate cuts. While there's already much speculation and analysis in the market, no one can guarantee the data will turn out well. If the data far exceeds expectations, it could give the US dollar a strong boost. How will the stock market, gold, and commodity markets react? If the data falls short of expectations, will expectations of a Fed rate cut intensify further? All these questions will be answered today. Gold prices have fluctuated wildly these past two days, but this is in line with our expectations, and the market has cooperated. We've perfectly timed our long and short positions, and congratulations to those who followed our advice. After a morning surge followed by a pullback, gold has entered a period of low-level consolidation, continuing its back-and-forth movement. However, gold is likely to remain range-bound before the Non-Farm Payrolls report, so patience is key while waiting for the data. We've repeatedly bought gold around 4050-4030, and the expected rebound yielded several profits. Now, we're just waiting for the Non-Farm Payrolls report. Market conditions are constantly changing, and gold is currently consolidating within a large range, with the possibility of a sudden reversal. More patience, perseverance, and waiting are needed. Don't be impatient; haste makes waste. Let's witness together what kind of waves the Non-Farm Payrolls report will create in the US session.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Gold Short-Term Technical Analysis (November 21st)With the release of the hawkish minutes from the Federal Reserve, the US dollar index climbed back above 100, suppressing gold prices. Yesterday, gold rebounded after testing a low near 4055 in the US session, then rallied slightly to around 4110 in the early morning before weakening again. In the Asian session, it broke lower, briefly touching around 4040. During the European session, it fell again, touching 4038 before stabilizing and rebounding. It has repeatedly tested the support around 4040 without breaking it, and is currently fluctuating. 11/22 Gold Short-Term Trading Strategy Sell gold near 4085, with a stop-loss at 4095, targeting below 4070/60. Buy gold near 4044/5f, with a stop-loss at 4034, targeting 4070/80.
TVC:GOLDShort
by AnalystDavid_
1
Gold prices fluctuated on November 20th, awaiting the non-farm pOn the hourly chart, gold continues to oscillate between 4000 and 4100. The current short-term trend is slightly weak, but not particularly strong. Before today's non-farm payroll data release, a strategy of buying low and selling high is recommended. Consider a small long position at 4040, targeting the 4080-4100 area. Short positions can be considered at resistance levels. The European session is expected to be relatively quiet; therefore, a cautious, small-position trading strategy is advised. Avoid chasing the market down; the potential downside is limited.
TVC:GOLDLong
by AnalystDavid_
1
The timing for bullish entry has been precisely identified!Yesterday, the market experienced significant volatility, with gold prices surging to around 4132, a gain of 1.6%. However, as the US dollar index continued its upward trend and reached a near two-week high, coupled with hawkish signals from the latest Federal Reserve meeting minutes, market sentiment was severely dampened. Gold prices gave back all of the day's gains, ultimately closing only slightly higher at around 4077. Currently, investors' focus has completely shifted to the upcoming US September non-farm payroll report, hoping to find clear clues about future monetary policy and a new direction for gold. From a technical perspective, on the daily chart, Friday's large bearish candlestick broke through key moving averages, setting the tone for a volatile week. Currently, the 5-day moving average area of $4120-$4130 has become a strong resistance level. If gold prices continue to be constrained by this level, the downside risk will significantly increase. The key support level is around $4050-$4030. If this level is effectively broken, it will confirm the continuation of the short-term correction trend, and gold prices may further test the important psychological level of $4000. However, the current price is still stable above the Bollinger Band's middle line, and the daily chart shows consecutive positive days, indicating that there is still some resilience in the market, and the bulls have not completely given up. Before the release of the key US non-farm payroll data, gold prices are expected to be trapped in a range-bound trading pattern. The subsequent upside potential depends on whether it can successfully break through the $4200 resistance level, while a deeper decline would require new negative fundamental factors to drive it.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Don't miss this excellent opportunity to buy gold at low prices.In the current gold market, the price action is becoming clearer, with key support and resistance levels emerging. The 4050-4030 support zone deserves particular attention, as it offers strong support. If the price retraces to this level and successfully stabilizes, it would be an excellent entry point for long positions, potentially allowing bulls to launch an upward attack. Resistance is seen around 4110-4120. When the price first touches this area, it may face pullback pressure due to technical factors. However, if the price can consolidate and effectively hold above 4120, the possibility of further upward movement towards the 4150 target this week will significantly increase. Based on the current overall performance of gold, the market can be considered to be trading within the 4030-4120 range. The trading strategy should focus on buying on dips, taking advantage of rebounds from support levels to generate profits. At the same time, strict position control is crucial, as market conditions are constantly changing. Furthermore, it is essential to closely monitor real-time data and market dynamics to flexibly adjust trading strategies. Gold trading recommendation: Buy gold in batches around the 4050-4030 range, with a target of 4080-4100.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Gold bulls launch a strong counterattack!After a prolonged period of narrow-range fluctuations, gold reached a high of around 4120 before pulling back. Currently, the overall structure remains bullish. Market conditions are constantly changing, and stubbornness is the worst thing in trading. Neither die-hard bulls nor die-hard bears can last in the face of the market. We should follow the trend; this is the fundamental logic of professional trading. Don't fight the market; just follow the trend. Currently, the bulls still hold the initiative in gold. Short-term pullbacks are more about consolidation than a trend reversal. As long as the upward momentum continues, pullbacks are opportunities, not risks. The key focus going forward is the pullback performance in the 4090-4070 area. As long as it holds, this area remains a good place to buy on dips. The market always punishes those who defy it. Hitting a wall is a lesson; understanding the direction is growth. Following the trend is the easiest and most stable way to trade. Continue to follow the rhythm; opportunities are for those who choose the right direction.
OANDA:XAUUSDLong
by Daniel_PrimeFX
Once again, perfectly capturing gold trading opportunitiesIn yesterday's gold strategy, we emphasized the rebound correction at the 4000 level and the short position at 4080, and the market action has fully materialized! Congratulations to those who followed our advice.Gold is currently dominated by bears, and the overall structure remains weak. Short-term support levels to watch are the 4040-4030 area and strong support around 4000. Resistance remains concentrated in the 4080-4100 area. If the price rebounds to this area and fails to break through, short positions can still be considered. In short, the core logic for today remains unchanged: a weak, downward-trending market. Trading should focus on the aforementioned support and resistance levels, patiently waiting and positioning. The slower pace of the market movement means a longer trading cycle, thus requiring more patience in executing each trade. Until the trend changes, our overall strategy remains to primarily short at higher levels during rebounds, supplemented by buying on dips, proceeding steadily and following the trend.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Gold bulls rallied to reverse the trend; what's next?We perfectly timed both our long and short positions in gold, exiting all positions with profits. Now that gold is rebounding again, we should avoid shorting again and patiently observe the resistance levels above, especially the 4100-4110 area. Whether gold can break through this resistance remains to be seen. If your current trading is not going well, and we hope to help you avoid common pitfalls, feel free to contact us for discussion! Based on the current gold price trend, we should first focus on the short-term support area around 4050-4030, and the resistance area around 4100-4110. The overall strategy should be to sell on rallies within this range. In the middle range, it's best to observe more and trade less, avoiding chasing the market. Wait patiently for key entry points. Specific trading strategies will be provided at the bottom; please pay close attention.
OANDA:XAUUSDShort
by Daniel_PrimeFX
Will gold prices fall again after bottoming out and rebounding?Gold Technical Analysis: Gold prices initially fell below 4000 today, but rebounded during the US session. A significant reversal in initial jobless claims data propelled gold to around 4082, reversing the overall downward trend and pushing prices back into range-bound trading. While there were intraday rebounds, gold ultimately met resistance and fell, with higher highs continuing to decline, indicating a clear overall weakness. As I repeatedly emphasized yesterday, gold was poised for a drop, and I stressed the 4100 resistance level. I also repeatedly highlighted the strategy of selling on rallies. The key resistance level to watch is the 4080-4100 range, which was the sideways trading area at the end of yesterday's session. Currently, the bears still have the upper hand. The short-term effective support is in the 4000-3990 range, while the resistance has been emphasized in the 4080-4100 area. If this area is touched again, another short position can be taken. In short, today's theme is still a weak downward trend with fluctuations. In terms of operation, you can wait for entry based on the above support or resistance levels. The slowdown in the fluctuation pace has extended the market cycle, so every entry requires sufficient patience.
OANDA:XAUUSDShort
by Daniel_PrimeFX