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Don’t Blink — Gold Charging Toward 3400!Overnight, we entered a long trade at 3365 and successfully closed the trade by hitting TP: 3395, locking in nearly 300pips of profit. This was a very successful and accurate trading strategy. Just now, gold became very crazy after rising, and plunged directly from around 3397 to around 3372. It was a very scary and crazy diving action. In fact, I am not worried about it. On the contrary, I am very happy that it provides me with another opportunity to enter the market and go long on gold. I've already entered a long position in gold again, as planned, in the 3375-3365 area. Regarding the recent plunge in gold, I think it was intended to scare off the long positions that were somewhat loose in their intentions. Although gold has fallen sharply, it is still in a recent volatile upward structure. The volatile upward structure has not been destroyed in the short term, so I believe that gold will not have much room for retracement for the time being under the support of the bullish structure. On the contrary, I believe that after gold touches around 3397, even if it is weak, it will try to hit the 3400 mark, and it is even expected to continue the bullish trend to the 3420-3430 area. There may be many friends in the market waiting for the opportunity to enter the long market at 3350 or even 3340, but what I want to say is that under the support of the gold bull structure, the downward space has been greatly limited. In the short term, gold may not go to such a low position at all, so relatively speaking, I prefer to go long on gold in the 3375-3365 area, and I have indeed done so!
OANDA:XAUUSDLong
by Trading-Diary_Steffen
2
Opportunities only come to those who are preparedThe market expects the probability of the Federal Reserve cutting interest rates in September to be over 70%, with some institutions even predicting as high as 93.6%. Fed officials have recently released dovish remarks. If the rate cut is implemented, it will reduce the opportunity cost of holding gold, which is good for gold prices. The US has imposed tariffs on India and Switzerland, exacerbating global trade tensions and boosting demand for gold as a safe haven. The deadlock in the Iran nuclear talks and the shipping risks in the Red Sea have increased market risk aversion. Focus is on US initial jobless claims data and speeches by Fed officials. If the data is stronger than expected, it may suppress expectations of a rate cut and be bearish for gold. If the US dollar strengthens or geopolitical risks ease, gold prices may come under pressure and fall. Today, gold mainly showed a high-level fluctuation trend, hitting a high of $3397.25/oz in European trading before falling sharply. It is currently trading around $3382. Although gold prices are still in an upward channel, they have recently shown a high sideways trend. The market lacks unilateral driving factors. Gold can be shorted at high levels. It is recommended to short gold in batches around the highs of 3390-3405.
OANDA:XAUUSDShort
by Trade-Daniel
2
Bullish Momentum Builds: Gold Set to Challenge 3400 and BeyondAlthough gold encountered resistance again near 3385 in the short term, the retracement has not been effectively continued so far, and the downward momentum is not particularly strong. Gold has always remained above the 3375-3365 area, with strong buying support below and the market bearish sentiment is not serious. In comparison, the bulls still have a considerable advantage! The current gold price structure clearly maintains a strong bullish trend. With gold reclaiming the 3375-3365 area yesterday, bullish sentiment has further strengthened. As gold's center of gravity shifts upward, multiple strong support areas have formed below, limiting any potential pullbacks and further supporting its upward trajectory. Therefore, as long as gold can maintain above the 3375-3365 area, I believe that gold will definitely refresh the short-term high of 3390 again, and is expected to launch a strong impact on the 3400 mark, and may even continue to the 3420-3430 area. So for short-term trading, I don’t have much desire to short gold for the time being. I am happy to watch for opportunities to enter long positions after gold retreats to the 3375-3365 area!
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Gold Bulls Unshaken, 3400 in FocusGold prices retreated from a high of 3385 today, currently hitting a low near 3358. How far will gold fall? Are the bears back in control? I'm not worried about a gold pullback, but rather a lack of one, because only a pullback can provide a good entry opportunity. Clearly, I remain bullish on gold and optimistic about it reaching the 3400 mark. Because gold fell all the way to around 3358, some voices in the market began to tout the strong return of the bears, but I remained unmoved. When many people were once in self-doubt, I was quietly taking advantage of the gold pullback to accumulate funds in batches and pick up bargains. We can clearly see that gold did not destroy the bullish structure during the decline, and as gold rebounded, the 3360-3350 area has become a dense trading area, indicating strong buying support. After the technical top and bottom conversion, it has become a relatively solid support area. It may be difficult for gold to fall below this support area in the short term. So, why has gold repeatedly encountered resistance and retreated? I believe that gold has encountered resistance and retreated in the 3385-3390 area many times in order to repeatedly test the effectiveness of support and consolidate the strength of support. It is also to increase liquidity during the retreat period, thereby accumulating more upward momentum so that gold can rise further and break through the 3400 mark. So I still hold a long position in gold, and I have not lost confidence in the gold bulls. On the contrary, I still expect that gold will be able to hit 3400 in one fell swoop after repeatedly testing the support, or even continue to rise to the 3420-3430 area.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
In gold trading, timing is key!Gold has currently reached a high of around 3385. The technical retracement and correction is also an affirmation of the bulls, and the current support below will continue to move up. From the perspective of the large range of the daily line, there is no large unilateral trend, and the overall box consolidation pattern has been formed. It once rose to 3385 yesterday, but failed to stand firm, indicating that the pressure from above is still quite large. If it can break through 3400, the next target may be 3430; otherwise, it may start a round of deep adjustment. There is a need for technical adjustment, so it is not advisable to chase the rise too much. If your current operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us! Judging from the structure of the 4-hour gold chart, the key support area below is around 3350-3340. If it falls back to this area and stabilizes during the day, you can continue to rely on this area to arrange long orders. The overall bullish thinking remains unchanged. The short-term resistance above is around 3375-3385. If it breaks through, it will further test the key suppression zone of 3390-3400. I will prompt the specific operation strategy at the bottom. I suggest you keep paying attention and follow up in time. Gold operation strategy: Go long when gold falls back to around 3350-3340, with the target at 3370-3380.
OANDA:XAUUSDLong
by Trade-Daniel
Go long on the pullback and head straight to new highs!Gold fell back and stabilized at 3345 yesterday, and continued to rise during the US trading session, reaching a high of 3385. The overnight daily line closed positive again, which is in line with our expectations, so there is still room for growth. We will continue to take a bullish approach today. In the 4H cycle, the Bollinger opening is in the stage of large volume, and the consecutive positive lines are rising steadily based on the moving average. The support below is 3370-3360, and the intraday watershed is at 3360. The operation is mainly to go long on pullbacks. First look at the pressure of the 3385 high point. If it breaks, continue to look at 3395 and 3410. Gold operation suggestion: go long on gold around 3370-3360, and look at 3385 and 3400.
OANDA:XAUUSDLong
by Trade-Daniel
How to accurately capture golden trading opportunities?Bullish trend is still the main trend of gold at present. After rising to 3368 at the opening today, it fell under pressure and fluctuated. Technically, it has tested the pressure level and needs to be adjusted. The overall high-level carrying capacity has also declined, so it is not advisable to chase the rise too much. In terms of operation, it is recommended to wait for the price to stabilize before buying more. Judging from the current gold trend, the upper short-term resistance is in the 3380-3385 area, and the key pressure is at the 3395-3400 line; the lower short-term support is in the 3365-3355 area, and the key support is in the 3350-3345 range. The overall suggestion is to arrange long orders on dips around the support area, and try to maintain a stable wait-and-see attitude in the middle position. I will prompt the specific operation strategy at the bottom, please pay attention in time. Gold Trading Strategy: Buy in batches as gold retreats to the 3365-3350 area, targeting the 3380-3385 area. If this resistance zone is broken, hold and look for upward movement.
OANDA:XAUUSDLong
by Trade-Daniel
Why do you always miss the real opportunities?Judging from the current gold trend, gold rose to a high of around 3368 and then entered a narrow range of fluctuations. Our previous long plan failed to continue to hold at the high level. Although some brothers may feel regretful, the market is always full of variables. We must flexibly adjust our thinking according to market changes. At present, there is a need for a retracement on the technical side. This retracement is not a trend reversal, but provides space for subsequent bullish momentum. Overall, the bullish trend is still dominant, but the current price is approaching the important pressure area of 3370-3385. The short-term carrying capacity has weakened, and it is not advisable to chase highs blindly. It is recommended to be cautious at high levels in operations. In the short term, it can be given priority to try to intervene with short positions in batches in the 3370-3385 area, waiting for a technical correction. If it subsequently retraces to the key support area of 3350-3335 and stabilizes, you can consider the long position layout again and continue to participate in the main bull trend. Gold operation suggestion: short in batches in the 3370-3385 area, with the target at 3355-3350. If it falls back to the 3350-3335 area and stabilizes, consider entering a long position at the right time.
OANDA:XAUUSDShort
by Trade-Daniel
As the bull market continues, is gold poised to hit new highs?Judging from the current gold trend, the technical side opened high and closed low, releasing the demand for short-term adjustments. The intraday low hit 3344 and then rebounded, which is enough to reflect the resilience of the bulls. The hourly doji continued to rise, and the 3353 line was pulled up again. It is expected that it will be difficult to give an entry opportunity near 3340-3345 again. Since the new high has been refreshed again, the technical short-term adjustment may have ended. With the current strong bull structure, further testing the 3370-3380 area is a high probability event. If it unexpectedly falls below 3340 in the future, the bulls will no longer defend strongly, and the market may turn to volatility. Breaking below 3340 is also expected to open up short-term short space, but this is a later story. The current market structure is clear, and we continue to see a strong upward trend for the bulls. At least at the beginning of the week, I do not think the bull market is nearing its end. Gold operation suggestion: go long around 3360-3355, target 3370-3380.Strictly set stop loss and control your position.
OANDA:XAUUSDLong
by Trade-Daniel
Only by understanding the trend can you be firmly bullish.The market is changing rapidly, and going with the flow is the best way to go. When the trend comes, just go for it. Don't buy at the bottom against the trend, so as not to suffer. Remember not to act on impulse when trading. The market is good at dealing with all kinds of dissatisfaction, so you must not hold on to orders. I believe many people have experienced this. The more you resist, the more panic you will feel, and the floating losses will continue to magnify. You will not be able to eat or sleep well, and you will miss many opportunities in vain. If you also have these troubles, then you might as well follow Tian Haoyang's rhythm and try to see if it can make you suddenly enlightened. If you need help, I will always be here, but if you don't even extend your hand, how can I help you? Gold rose unilaterally after the positive non-farm payrolls on Friday, hitting a new high this week. This week's K-line closed in a hammer shape, and the gold hourly line has a double bottom structure. However, gold should not have such a big retracement for the time being. The 3335-3330 line below is also an important support. So gold will mainly be bought on dips above 3335-3330 next week. Technically, there is still room for growth next week. The bulls continued to attack at the end of Friday and closed at 3363. Next week, we will continue to pay attention to the short-term suppression at the 3370-3375 line above. In terms of operations, we will continue to maintain retracement and buy. If your current operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate and exchange. Judging from the current gold trend, the short-term resistance above next week will be around 3370-3375, with a focus on the important pressure line of 3395-3400. Keep buying on pullbacks, and try to maintain a stable wait-and-see position in the middle. I will prompt the specific operation strategy at the bottom, so please pay attention in time. Gold operation strategy: Go long on gold when it retraces to around 3340-3330, target 3370-3375, and continue to hold if it breaks through.
OANDA:XAUUSDLong
by Trade-Daniel
The trend is clear, why do I choose to be firmly bullish on goldGold Trend Analysis: Yesterday, the gold market demonstrated strong upward momentum, opening near 3290 before falling slightly to a low of 3281 before fluctuating upward. Boosted by the non-farm payroll data, the gold market surged during the US trading session, reaching a single-day gain of 2.02%, reaching a high of 3363 and closing there. The daily chart formed a long bullish candlestick with a long lower shadow, forming a Morning Star pattern, reinforcing the bullish trend. From the perspective of the cycle structure, the daily level is clearly in the 5-wave upward stage, and the upward trend of the large cycle has not changed. At the indicator level, the daily MACD momentum column (the column below the zero axis) represents the short-selling momentum. Its "gradual shortening" means that the short-selling force is weakening and the downward momentum is gradually fading. It is a potential signal of stopping the decline or rebounding. KDJ is about to form a golden cross between 20-50, which is a signal that short-term bullish power is beginning to increase, and the overall trend is bullish. The 4-hour level shows typical bullish characteristics: the moving average system is arranged in a bullish pattern, but there is a certain deviation between the short-term price and the moving average. The technical side needs to correct the deviation rate through a callback before continuing to rise. The short-term support below is focused on the line near 3330-3335. This position is both the relay support level in the previous rise and the intersection of the 4-hour moving averages MA10 and MA20, which has strong support strength; the short-term resistance above is focused on the line near 3370-3383. This area is a pressure-intensive area near the previous high point. If it can be effectively broken through, it will further open up upward space. A successful breakout would open up further upside potential. A breakout would further open up the 3400 mark. For gold trading, the short-term strategy is to buy on dips. If the price pulls back to the 3330-3335 support level, consider entering a long position with a target of 3355-3365. If it reaches 3370-3380, consider a short-term short position with a target of 3350-3340.
OANDA:XAUUSDLong
by Trade-Daniel
1
Gold Awaits Fed Rate Decision – Key Levels & Volatility AheadGold is currently trading near $3,332, showing a minor recovery after recent downward momentum. The price action on the 1-hour chart highlights a short-term ascending structure, which often acts as a corrective move rather than a strong bullish trend. The market previously saw significant selling pressure from above $3,355–$3,360, creating a short-term supply zone. Unless the price breaks and holds above this zone, the overall momentum remains bearish. The chart also shows a projected price path where gold could push slightly higher toward $3,355, meet resistance, and potentially reverse downward again. Key support lies at $3,320, and if this breaks, we could see gold testing $3,290–$3,280 levels, aligning with the black trend line support. However, if bulls manage to break above $3,360, it would signal potential upside continuation toward $3,380–$3,400. Key Points - Key Resistance Levels: $3,355 and $3,360 (critical supply zone). - Key Support Levels: $3,320 (short-term), followed by $3,290–$3,280 (major trendline support). - Expected Short-Term Move: Possible push toward $3,355 → rejection → decline back toward $3,320 and possibly $3,290. Bullish Breakout Scenario: A strong close above $3,360 could push price toward $3,380–$3,400. Overall Bias: Bearish while trading below $3,360. 4hr Chart Price remains under pressure below the descending trendline. A small pullback toward $3,345–$3,350 is possible, but as long as price stays under this resistance, the bias remains bearish with potential downside targets around $3,300–$3,280. Key Levels: - Resistance: $3,350 → $3,381 → $3,394 - Support: $3,324 → $3,281 → $3,254 Today’s FOMC interest rate decision is a key driver for Gold. Here’s the quick analysis: - If Fed Hikes Rates or Maintains Hawkish Tone: - Strong USD likely → Gold could face more selling pressure. - Key support zones: $3,324 – $3,300, then $3,281 and $3,254. - If Fed Pauses or Turns Dovish: - Dollar weakens → Gold may bounce toward resistance zones. - Upside levels: $3,355 – $3,360 and higher toward $3,381 – $3,394 (Fib levels). Expect high volatility; $3,300 is a critical support to watch. A dovish Fed may give Gold short-term relief, but a hawkish stance could accelerate the downtrend. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
ICMARKETS:XAUUSDShort
by SibiSh
Gold Softens — Watching for a Tactical Long OpportunityYesterday, gold hit a low of around 3351 and then began to rebound. During the rebound, it hit a high of around 3377 and then retreated again. We can clearly see that below 3400, gold is still weak overall, and even failed to reach 3380 during the rebound. In the short term, the 3380-3390 area has become an obvious resistance area. Yesterday, gold rebounded after dropping to around 3351. Whether the support near 3350 is effective has not been verified again, so from a technical perspective, gold still has the need to retreat again and test the support near 3350. Once gold falls below the area when testing the support near 3350, gold may continue to fall to the 3335-3325 area. Therefore, in today's trading, the focus is still on shorting gold, supplemented by trying to go long on gold with the support. 1. Consider shorting gold in the 3380-3390 area, TP: 3365-3355; 2. Consider going long gold in the 3355-3345 area, TP: 3365-3375; strictly set SL 3. If the 3355-3345 area is broken, try to go long gold again in 3335-3325, TP: 3360-3370
OANDA:XAUUSDShort
by Trading_Steffen
350pips Secured — Focus Shifts to Dip-Buying StrategyToday's trading was very successful, and the grasp of the long and short rhythm was very accurate. Today's trading situation is as follows: 1. Close the short position with an overnight entry price of around 3386 near 3380, with a loss of 60 pips, and the loss amount exceeded $6K; 2. Directly short gold near 3380, manually close the position near 3366, profit 130pips, profit amount exceeded $12K; 3. Long gold near 3356, hit TP: 3372 and end the transaction, profit 160pips, profit amount exceeded $8K; 4. Long gold near 3362, hit TP; 3375 and end the transaction, profit 120pips, profit amount exceeded $6K. Intraday trading summary: Today, the long and short sides completed a total of 4 transactions, one of which suffered a loss, but the net profit was 350pips, and the profit amount exceeded $20K. For short-term trading, I think I can submit a satisfactory answer to myself today! How to execute the transaction next? Gold started to pull back from around 3438 and has now reached a low of around 3351, with a retracement of more than 870pips. The retracement space is not small. However, gold has stabilized above 3350 and has started a technical rebound repair, and the upward force is not weak, so gold may have completed the retracement. Under the support of these two technical conditions, gold may regain its upward momentum and hit 3400 again. At present, the short-term resistance is obvious, located in the area near 3380. Once gold breaks through 3380, gold will inevitably continue to rise and hit 3400 again; but I think as long as gold stabilizes above 3350, it is not difficult to break through the short-term resistance of 3380, so gold will inevitably test the 3400 mark again; and the short-term support below is in the 3365-3355 area. Gold may still retreat to this area first during the rise in order to increase liquidity and accumulate momentum, helping gold to break through 3380 more easily. So for the next short-term trading, I think it is feasible to go long on gold in the 3365-3355 area, first looking at the target area of 3380-3390, and then 3400.
OANDA:XAUUSDLong
by Trading_Steffen
Double Down on Gold — Targeting 3400–3410!Obviously, gold did not give us the opportunity to short gold near 3440 today. In the process of its recent pullback, gold tested 3400 as expected, and after falling below 3400, it continued to fall to around 3385 as if it was planned by me. Although the lowest point had reached around 3381, it quickly rebounded above 3385. What is relatively regrettable today is that both of our plans to short gold ended in failure. The first time was when gold did not give us the opportunity to short near 3440. The second time was when we were preparing to short gold at 3400 and set the TP to 3385. However, we did not have time to create an order because the price fell too quickly, causing us to miss the gold short trade again. At present, I have a trading order to go long on gold near 3386. And I go long on gold with twice the usual trading volume. Why am I still optimistic about the rebound of gold in the short term after the gold price fell by nearly $60? Because the area around 3385 is the short-term bull-bear dividing line, although gold has fallen sharply, as long as it stays above the area around 3385, gold is still in a bullish trend as a whole, and the bullish structure has not been destroyed, so in the short term, gold still has a lot of room for rebound after the pullback. This is why I dare to use twice the usual trading volume to buy gold near 3386. However, because the current gold long and short continuity is not strong, and the market uncertainty is still increasing due to complex news, the gold market is prone to violent fluctuations in the short term, so we have to be more careful in trading. At present, I still hold a gold long position near 3386, and I hope that gold can continue to rebound to the target area: 3400-3410.
OANDA:XAUUSDLong
by Trading_Steffen
Gold CFD Trading: Practical Steps and Influencing Factors Gold CFD Trading: Practical Steps and Influencing Factors Gold trading in forex offers a dynamic and potentially rewarding opportunity for traders. This article delves into the essentials of trading gold, from understanding its unique position as both a commodity and a financial asset to its price determinants and how to trade it. Understanding Gold as a Trading Asset In international gold trading, gold's role extends beyond being just a precious metal; it is a unique asset class. Its intrinsic value and universal appeal have made gold a cornerstone in financial markets for centuries. Unlike many other commodities, gold maintains its value not just in times of economic stability but also during volatility. This dual nature arises from its status as both a tangible commodity and a symbol of wealth, leading to its classification as a so-called safe-haven asset. Investors often turn to gold when currencies and other markets face instability. Additionally, gold's relatively limited supply, juxtaposed with its consistent demand across industries and jewellery markets, ensures its lasting relevance in the trading world. Understanding these characteristics of gold is crucial for forex traders, as they form the foundation of its behaviour and pricing in the financial markets. Fundamentals of Gold Trading For those looking to learn to trade gold, it's essential to grasp the basics of how gold is traded. Primarily, gold trading is conducted through Contracts for Difference (CFDs), a popular derivative that allows traders to speculate on its price movements without owning the physical metal. CFDs offer a flexible way to engage in gold trading, providing the ability to trade both rising and falling markets. This versatility is often cited as the best way to trade gold, especially for those who prefer short-term positions. Unlike gold stock trading, where investors buy shares in gold-related companies, gold CFD trading focuses directly on the price movements of the metal itself. Via CFDs, gold is typically traded against the US dollar, denoted as XAU/USD. Here, XAU represents one troy ounce of gold, a standard unit of measurement in the precious metals market. Traders analyse market trends and use leverage to potentially enhance their opportunities. However, leverage is a double-edged sword, potentially magnifying losses. Factors Influencing Gold Prices Understanding the factors that influence gold prices is critical for anyone engaged in trading this precious metal. Here are key elements that traders usually monitor: 1. Economic Indicators: Key economic data such as GDP growth rates, employment figures, and inflation reports can significantly impact prices. Typically, weak economic performance or high inflation rates increase gold's appeal as a hedge against currency devaluation. 2. Monetary Policy: Central banks' decisions on interest rates and quantitative easing play a major role. Lower interest rates can decrease the opportunity cost of holding non-yielding assets like gold, thus boosting its demand. 3. Currency Strength: The strength of the US dollar is inversely related to gold prices. As gold is paired with the US dollar, rising USD will make gold cheaper. 4. Geopolitical Events: Political uncertainties and global crises often drive investors towards gold as a so-called safe-haven asset. Events causing economic instability can lead to a surge in prices. 5. Market Demand: Demand from industries like technology and jewellery and investment demand significantly influence prices. 6. Gold Trading News: News and reports related to mining, supply constraints, or large market transactions can immediately affect prices. How to Trade Gold Trading gold effectively requires a combination of well-chosen strategies, relevant indicators, and insights from trading signals. A comprehensive gold trading tutorial is a great starting point for understanding the mechanics of the market. One of the best strategies to trade gold is following the trend. This involves identifying the direction of the market trend and making trades in alignment with this trend. For instance, if gold is on an upward trend, a trader might take a long position, and vice versa for a downward trend. Regarding the best indicators for gold trading, traders often rely on tools like Moving Averages to identify trends, the Relative Strength Index (RSI) for overbought or oversold conditions, and MACD for momentum and trend changes. Additionally, utilising gold trading signals can be effective. These signals, provided by market analysts or automated systems, offer assumptions on when to enter or exit trades based on market analysis. However, traders usually use these signals as a guide rather than a definitive command, combining them with their own research and risk management strategies. Practical Steps for Gold Trading Starting your journey in gold trading can be both exciting and challenging. Here are some practical steps to help you navigate this market: - Educate Yourself: Before diving in, invest time in understanding the gold market. You can read books, watch webinars, and follow gold trading tutorials. - Start Small: Begin with smaller investments to limit risk as you learn the ropes. - Use Demo Accounts: Practice with demo accounts to gain experience without financial risk. - Keep Up with News: Stay updated with global economic news, as they can significantly impact prices. - Risk Management: Always use stop-loss orders to minimise potential losses. - Review and Learn: Regularly review your trades to learn from successes and mistakes. The Bottom Line Embarking on your gold trading journey can be a transformative experience. With the knowledge and strategies outlined in this article, you can be well-equipped to navigate the market. Happy trading! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSDEducation
by FXOpen
1
More Pain for Gold? The Charts Say It’s PossibleSince the start of the London market, gold has almost maintained a narrow range of fluctuations in the 3390-3385 area. Compared with yesterday, the market is much weaker today, and gold has failed to stabilize at 3400 several times, indicating that the sentiment of cashing out near this area is also very high. From the current gold structure, gold is obviously biased towards a long structure. Since gold broke through 3400, 3375-3365 has become the key support area after the top and bottom conversion in the short term. However, gold rose strongly yesterday but did not stabilize at 3400. The bullish sentiment may no longer be strong. Moreover, after the accelerated rise in gold, the sustainability was not strong, so gold still needs to retreat in the short term. This is why I insisted on shorting gold again near 3400 yesterday. Therefore, I think gold has not yet retreated to the right level. I will pay attention to the opportunity to go long on gold after it pulls back to the 3375-3365 area. Gold fell after touching 3400 twice. Whether a short-term effective "M" double top structure has been formed, I think more signals are needed to verify. However, in the short term, it is still under pressure in the 3405-3410 range, so if there is no major positive news, I think gold may maintain a wide range of fluctuations in the 3410-3360 range. Therefore, if gold rises to the 3400-3410 range again, I will continue to try to short gold!
OANDA:XAUUSDShort
by Trading_Steffen
7.22 London Gold Market Analysis and Operation SuggestionsFrom the market perspective, the trend suppression line from the historical high of 3500 to the secondary high of 3452 has moved over time and is now around 3420, which can be used as an important resistance level reference for this week; the previous resistance level of 3376 can be converted into support after breaking through. For intraday short-term operations, focus on this range of callbacks and go long, wait for the key resistance level to be touched before going short, or see if there is an opportunity to arrange a mid-term short order based on the real-time trend. Specific intraday operation ideas: ①. When the gold price falls back to around 3380, participate in long orders and call, protect the position of 3374, and first look at the position of 3402, the high point on Monday; ②. After yesterday's high point breaks, wait for a correction to around 3395 to continue to participate in long orders and call, protect the position of 3388, and look at the key suppression level of 3420; ③. (Aggressive orders, for those who are afraid of missing out) If you are short or have enough positions, you can first participate in long orders with a light position at the current price of 3388, and wait for 3380 to increase your position, and the target is the same as above.
TVC:GOLDLong
by AIan_Gold
1
Analysis of short-term gold trading on July 22Technical aspects: From the daily candlestick chart, gold has recently shown signs of breaking upward after five weeks of sideways fluctuations. In terms of MACD indicators, the MACD bar chart has turned from green to red, and the fast and slow lines have formed a "golden cross", strengthening the expectation of a short-term technical rebound. At the same time, the 14-day RSI index rebounded to 57.67, still in the neutral and strong area, and has not yet entered the overbought area, indicating that the price still has room to rise. Analysis shows that the middle track of the Bollinger Band 3342 constitutes initial support, while the strong support below is at the two previous lows of 3247.87 and 3120.64. If the bulls maintain their advantage above the integer position of 3400, they are expected to hit the high point of 3451.14 in the short term, and even further test the historical high of 3499.83; on the contrary, if they fall back below 3342, the short-term upward momentum will be tested. Bull analysis: If gold successfully stands above 3400, the market will turn its attention to the two key resistance areas of 3451 and 3499, the high point of the year. Breaking through the former will open up the space to test the historical high upward; combined with the current MACD golden cross pattern, if the capital side and the fundamentals continue to cooperate, it is not ruled out that there will be a short-term accelerated rise. Bear analysis: If the breakthrough fails, especially if gold falls back below the middle track of Bollinger, the adjustment pressure will be restarted, and the lower edge of the previous consolidation range of 3300 will constitute an important support. If it falls below again, it is necessary to pay attention to the important technical support near 3247 and the 100-day moving average of 3180.
TVC:GOLD
by AIan_Gold
Gold’s Rapid Surge: A Trap Before the Drop?Gold finally showed signs of retreat. We are still holding a short position near 3400. So far, we have made a profit of 50 pips. However, I will still hold it to see if gold can fall back to the 3385-3375 area as expected. We have completed 2 transactions today, and there is still 1 transaction left to hold. 1. First, we bought gold near 3345 and ended the transaction by hitting TP: 3370, making a profit of 250 pips, with a profit of more than $12K; 2. We shorted gold near 3385 and ended the transaction by hitting SL: 3395, with a loss of 100 pips, a loss of nearly $5K; 3. We are still holding a short gold transaction order near 3400, with a current floating profit of 60 pips and a floating profit of nearly $4K; The above is the detailed transaction situation today. To be honest, today's rebound strength far exceeded my expectations, and after our first long position hit TP, the market never gave any chance to go long on gold after a pullback, but accelerated to around 3401. But obviously, the accelerated rise of gold is suspected of catching up with the top, and in the short term it faces resistance in the 3405-3410 area, and secondly pressure in the 3420-3425 area. So I don't advocate chasing gold at the moment. On the contrary, I am still actively trying to short gold around 3400, first expecting gold to pull back to the 3385-3375-3365 area. And I think if gold wants to continue to test the 3405-3415 area, or even sprint to the area around 3425, gold must go through a pullback to increase liquidity to accumulate upward momentum. I think it will at least pull back to the 3385-3375 area.
OANDA:XAUUSDShort
by Trading_Steffen
Warning Signs After Gold’s Sharp Rise — Is a Pullback Coming?Today, gold rebounded from around 3345, and has now rebounded to around 3389, which is only one step away from the 3400 mark. Gold has hardly retreated during the rise, and the rise is strong. However, we can see from the small-level candle chart that gold suddenly accelerated its rise after consolidating around 3365, and continued to around 3390, and is now oscillating near the recent high trend line. After gold accelerated its rise and oscillated near the recent high trend line, this made me have to be more cautious, because we must be careful that the acceleration of gold's rise in the short term is a trap for buyers, so even if we are bullish on gold in the short term, we should not directly chase gold at a high level; according to the current structure of gold, I think it is necessary for gold to retest the 3370-3360 area support before continuing to rise and hitting 3400. Only after verifying that the support in this area is effective can it be conducive to a better rise in gold! So for short-term trading, I think we can still try to short gold now, and then wait patiently for gold to retest the 3370-3360 area.
OANDA:XAUUSDShort
by Trading_Steffen
Analysis of short-term operations of gold on July 21Daily Analysis: On the daily chart, it can be seen that gold has rebounded from the main rising trendline again, and bargain hunters have set clear risks below the trendline, betting on a price rebound to the 3438 resistance level. Bears need the price to break below the trendline to open up space for a deeper correction, with the next target looking at the 3120 level. 4-hour analysis On the 4-hour chart, it can be seen that there is a secondary resistance area near 3377. If the price rebounds to this level, it is expected that bears will intervene here and set risks above the resistance, with the goal of pushing the price below the main trendline. Bulls will look for the price to break through this resistance to increase their bullish bets on the 3438 level.
TVC:GOLD
by AIan_Gold
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