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XAUUSD – Technical Outlook after ADP NONFARMGold (XAUUSD) attempted to recover but failed to break through the 3559 – 3561 (OBS Sell Zone – CP Down Zone). The sharp rejection from this resistance confirms that sellers remain in short-term control. At present, price is retracing towards the 3528 – 3515 support zone – a key level to watch: If buyers defend 3515, we could see a rebound back toward the 3550 – 3559 resistance zone. A clear break below 3515 would signal stronger bearish pressure, opening the path toward 3486 – 3477 (Liquidity & OBS Buy Zone) where large orders are likely waiting. Additionally, the 3537 – 3540 VPOC/Sideway Range remains a critical balance area where short-term market direction could be decided. 📌 Key Technical Levels Major Resistance: 3550 – 3559 Near-term Support: 3528 – 3515 Liquidity & BUY Zone: 3486 – 3477 📊 MMFLOW Trading View: Short-term momentum currently favours a corrective move lower after the rejection at 3559 – 3561. The reaction at 3515 will be crucial: Holding above → potential rebound to retest 3550 – 3559 Breaking lower → extended downside towards 3486 – 3477 liquidity zone
OANDA:XAUUSDShort
by MMFlowTrading
XAUUSD – Liquidity Gap & Key Levels Before ADP/NFPAfter yesterday’s rally, Gold (XAUUSD) pulled back over 60 points, returning to the VPOC 3537 zone. This sharp move suggests a possible short-term ATH near 357x, where many SELLs were forced out while BUYs locked in profits. Currently, Gold is in a correction phase ahead of ADP today and NFP tomorrow. With ADP expected at 73K vs. 104K prior, weaker data could support further upside if USD weakens. The 60+ point drop shows profit-taking by big players and left liquidity gaps on both sides, bringing price back into the 353x–354x range. A breakout of this range will likely dictate today’s trend. 🔑 Key Resistance Levels 3540 - 3548 - 3560 - 3576 🔑 Key Support Levels 3526 - 3515 - 3502 - 3490 - 3476 📌 Trade Setups (MMFLOW Trading View) BUY Scalp: 3502 – 3500 SL: 3494 TP: 3506 – 3510 – 3520 – 3530 – 3540 – ??? BUY Zone: 3477 – 3475 SL: 3470 TP: 3485 – 3495 – 3500 – 3510 – 3520 – 3530 – 3540 – 3550 – ??? SELL Scalp: 3559 – 3561 SL: 3566 TP: 3554 – 3550 – 3540 – 3530 – 3520 – 3510 – 3500 – ??? SELL Zone: 3574 – 3576 SL: 3580 TP: 3570 – 3560 – 3550 – 3540 – 3530 – ??? 📊 MMFLOW TRADING View: Today’s market context suggests continued correction before ADP/NFP. Sideway accumulation remains dominant in 353x–354x, but a decisive breakout will guide today’s direction.
OANDA:XAUUSDShort
by MMFlowTrading
GOLD London Session Update – Sideways Before the Big MoveGold (XAUUSD) continues to consolidate within the 354x – 352x range, building a clear sideways structure after its recent strong rally. 📊 MMFLOW VIEW (London Session Focus) The market is now in accumulation mode as the London session develops – volatility is expected to increase as liquidity builds up. If price breaks above ATH 3546, momentum could quickly push gold towards the Liquidity Sell Zone 357x. On the other hand, if 3526 support fails, we may see a liquidity sweep with price retracing into the FVG & Liquidity Buy Zone 3508 – 3480 before resuming the bullish trend. 🔑 Key Levels (London Watchlist) Resistance: 3546 | 3564 | 3576 Support: 3526 | 3508 | 3494 | 3480 ⚠️ During the European session, gold often builds false breaks to collect liquidity before the real move. 👉 Stay patient and wait for a clean breakout confirmation before committing to a position. 🔥 Follow MMFLOW TRADING for real-time plans into the New York session – don’t miss the big move!
OANDA:XAUUSDLong
by MMFlowTrading
1
GOLD breaks above $3500 – New ATH every day! What’s next?Gold (XAUUSD) is entering its hottest phase, moving 50–60 points per day with explosive volatility. Price is now reacting at a key FIBO extension resistance, where SELL pressure has appeared but still lacks strong confirmation on higher timeframes (H1–H2). 📊 MMFLOW VIEW Sideway → Breakout → Consecutive All-Time Highs (ATH). FVG zones & Key Liquidity levels are still supporting the BUY side. SELL setups remain secondary and only valid with clear volume confirmation. Main scenario: Wait for liquidity retest → Focus on BUY setups. 🔑 KEY LEVELS Resistance: 3440–3446 (ATH) | 3564 | 3576 | 3586 | 3595 Support: 3528 | 3508 | 3494 | 3480 | 3468 🎯 MMFLOW PLAN ✅ BUY ZONE: 3481 – 3479 SL: 3474 TP: 3486 – 3490 – 3495 – 3500 – 3510 – 3520 – 3530 – ??? ✅ BUY SCALP: 3496 – 3494 SL: 3490 TP: 3500 – 3510 – 3520 – 3530 – 3540 – ??? ❌ SELL ZONE: 3576 – 3578 SL: 3584 TP: 3570 – 3565 – 3560 – 3555 – 3550 – 3540 – 3530 – 3520 – 3510 – 3500 ⚠️ Warning: GOLD is in a high-volatility phase – wrong entries can get wiped out instantly. 👉 Be patient, wait for Key Levels, and stick to proper RISK MANAGEMENT above all. 🔥 This is the MMFLOW TRADING PLAN – follow us to stay updated and catch the next big moves in GOLD!
OANDA:XAUUSDLong
by MMFlowTrading
1
GOLD UPDATE VIEW – XAUUSD Eyes 3540 as Bullish Momentum Builds As highlighted in this morning’s analysis, Gold continues to show impressive strength while the USD weakens on expectations that the FED will cut rates soon. This is driving capital away from cash and back into Gold as a safe-haven asset. 🔎 Current Market Update After consolidating around 3480 – 3490, Gold has now broken out strongly, moving towards the buy-side liquidity zone (3509 – 3515). The overall structure remains bullish, with no clear signs of reversal yet. Market is likely to test liquidity around 3509 – 3515, and if momentum holds, the next big target sits at the 3540 resistance zone. 📊 Updated Trade Plan BUY ZONE (trend-following): 3488 – 3485 SL: 3480 TP: 3500 – 3509 – 3515 – 3530 – 3540 SELL ZONE (high risk): 3540 – 3543 SL: 3550 TP: 3530 – 3520 – 3510 👉 Current market conditions favour buying pullbacks in line with the trend. Consider shorting only if there is strong confirmation around 3540. ⚠️ Risk Note Volatility remains very high, with sudden liquidity grabs possible. Always stick to TP/SL levels to protect your account. 💡 Summary: Gold’s bullish momentum remains intact. As long as the FED outlook supports rate cuts and USD stays weak, Gold is likely to keep climbing, with 3540 as the key upside target. ✅ Follow MMFLOW TRADING for daily market insights and updated trade plans on Gold.
OANDA:XAUUSDLong
by MMFlowTrading
1
Gold at a Turning Point: Will PCE Data Trigger the Next Breakout🟡 XAUUSD PLAN UPDATE – MMFlow Trading 📰 Fundamental Context Later today, traders are watching the US PCE Price Index – the Fed’s preferred inflation gauge. Forecast: unchanged from the previous reading, which means no major inflation pressure. If the data comes in slightly stronger for the USD, gold could face short-term downside pressure before bouncing. Pre-news behaviour often includes liquidity grabs around key levels before the real move begins. 📊 Technical Outlook (M15) Gold is trading inside a descending channel with several important zones: Resistance / Supply: 3414.3 → short-term cap. 3424 – 3425 → strong supply zone. Support / Demand: 3394.4 → interim support. 3384.3 → key demand zone. 3375.6 → structural support, trend pivot. 3363.0 → last line of defence if breakdown occurs. 🎯 Trading Scenarios (Pre & Post PCE) 1️⃣ Bullish Bias (primary scenario) Holding above 3384 – 3375 suggests a rebound. Break of 3414 opens the door to 3424 – 3425. A clean break above 3425 could extend the bullish leg towards 3435+. 2️⃣ Bearish Scenario (if USD strengthens) Failure at 3414 – 3420 may trigger a pullback towards 3384 – 3375. A decisive break below 3375 risks further downside into 3363. 📍 Trade Plan (Guidance Only) Buy zone: 3384 – 3375 (with confirmation signals). Sell zone: 3414 – 3425 (short-term trades only, especially pre-news). Stops: 5–7$ beyond key levels. Targets: 10–20$ depending on risk appetite. ✅ Conclusion Ahead of PCE: expect gold to accumulate within the channel, hunting liquidity. After PCE: if data is slightly USD-positive, gold may dip into 3384 – 3375 before resuming its broader bullish path. The overall bias remains bullish while above 3375 – 3363.
OANDA:XAUUSDShort
by MMFlowTrading
XAU/USD – End-of-Month Liquidity Sweep SetupGold is currently in a short-term corrective phase at the end of the month. Based on historical data, the past 4 months show that Gold tends to make a deep liquidity sweep towards the downside before resuming its bullish leg. This could once again be the case today. 📊 Key Observations: Gold has shown repeated end-of-month wicks from 343x down to 335x zones. Today’s focus: market may sweep liquidity below 3395 into the lower support zones before resuming higher. Upcoming Core PCE data could trigger intraday volatility. If results align with the previous reading → short-term bearish pressure is expected before the larger bullish continuation. 📌 Key Levels & Zones 🔹 Resistance Zones Supply Zone (3434 – 3436) → Ideal for short-term SELL setups. Upper Resistance (3424 – 3435) → Breakout above this could open path to new ATH levels. 🔹 Support Zones Key Support 1 (3395 – 3390) → First intraday liquidity area. VPOC Zone (3376 – 3374) → Strong BUY zone, expect sharp reaction if price sweeps here. Deep Liquidity Zone (3363 – 3355) → Extreme support; unlikely unless a major unexpected event occurs. 📌 Trading Plan ✅ BUY Zone Entry: 3376 – 3374 SL: 3369 TP: 3380 – 3385 – 3390 – 3400 – 3410 – 3420 – ??? 🎯 Best area to build long positions – aligned with VPOC & liquidity sweep expectations. ✅ SELL Zone Entry: 3434 – 3436 SL: 3440 TP: 3430 – 3425 – 3420 – 3410 – 3400 ⚠️ Short-term setup only – focus on Asian & London session corrections. 📍 Conclusion: Expect liquidity sweep lower first before a bullish leg continues. Watch 3395 – 3375 zones for BUY confirmations. If price holds above 3375, Gold remains bullish heading into September.
OANDA:XAUUSDShort
by MMFlowTrading
Will Gold Drop for Liquidity Before a Big September Rally?Gold has been consolidating at high levels, repeatedly testing resistance while waiting for end-of-month US data (Prelim GDP q/q & Unemployment Claims). These releases could act as the perfect trigger: a sharp liquidity grab before September’s rally – when USD weakness and Fed rate cuts are back in focus. 🔑 Key Levels to Watch Resistance 3400 → a clean break could send price quickly into 342x – 343x, retesting the old ATH. Support 3370 → if broken, gold may dip into the 335x BUY zone for a strong setup. 📌 MMFLOW Trading Plan ✅ BUY ZONE 3356 – 3354 SL: 3349 TP: 3360 → 3365 → 3370 → 3375 → 3380 → 3390 → 3400+ ❌ SELL ZONE 3424 – 3426 SL: 3430 TP: 3420 → 3395 → 3390 → 3385 → 3380 → 3370 🎯 MMFLOW View End of month often brings sharp swings & liquidity hunts. Be prepared for a potential flush into 335x before the next leg higher. 👉 Stick to discipline, trade only around Key Levels, and avoid chasing price. 🔥 What’s your view – will Gold smash through 3400 first, or dip into 335x before the rally? 👇 Share your thoughts in the comments – let’s trade smart together!
OANDA:XAUUSDShort
by MMFlowTrading
XAU/USD — All Eyes on US Data, Gold Ready for a Big Move! Gold continues to hold strong buying pressure despite the recovery of the USD (DXY). The market is now waiting for today’s key US economic releases during the New York session: 📊 USD Prelim GDP q/q → Forecast: 3.1% (Prev. 3.0%) 📊 USD Unemployment Claims → Forecast: 231K (Prev. 235K) 🔎 Possible Scenarios 1️⃣ If US data comes out strong → Gold could break down from the rising channel, targeting the VPOC 3374, and with heavier pressure even dip towards the 335x zone (though this might be harder to achieve). 2️⃣ If US data is weak / neutral → Gold is likely to continue its bullish leg, aiming at 3392 – 3398 and potentially extending to 342x – 343x to retest the previous ATH. 📌 Key Levels to Watch Resistance: 3398 – 3400 → breakout could fuel a quick rally into 342x – 343x Support: 3374 → break below opens room to 335x Buy Zone: Watching for a sharp dip into 335x – 337x for clean long setups 🎯 MMFLOW Strategy 👉 Priority remains: wait for a liquidity grab / sharp dip to BUY in line with the broader trend. 👉 Be cautious — with this being the main economic release of the week, volatility can spike aggressively when the numbers hit. 🔥 What do you think? Will Gold break higher into new ATHs, or will we see a liquidity sweep first before the next leg up? 💬 Share your view in the comments — let’s trade smart together!
OANDA:XAUUSDShort
by MMFlowTrading
FOMO Buying Still Strong, Waiting for a Clean Pullback to BUY MMFLOW TRADING PLAN XAUUSD Gold continues to hold its bullish momentum in the Asian session today, testing the 9x zone before pulling back towards the 7x level. Buyers remain in control, driven by strong FOMO sentiment as the USD shows signs of weakness. 👉 MMF’s outlook: We remain bullish long-term – looking for cleaner pullbacks to secure safer BUY entries and hold positions towards higher targets. 🔎 Short-Term Outlook (1–2 days) If price breaks the 337x structure, we may see a quick drop towards 335x – 334x liquidity zones before resuming the upside and potentially heading into NEW ATH territory. Watch key support and resistance zones closely to identify high-probability entries. 📌 Key Levels to Watch Support: 3363 – 3356 – 3349 – 3335 Resistance: 3385 – 3391 – 3402 – 3425 🎯 Today’s Trading Plan 🔵 BUY Scalp Entry: 3356 – 3354 SL: 3350 TP: 3360 – 3365 – 3370 – 3375 – 3380 – 3390 – 3400 – ??? 🔵 BUY Zone (Swing/Position) Entry: 3336 – 3334 SL: 3330 TP: 3340 – 3345 – 3350 – 3360 – 3370 – 3380 – 3400 – ???? 🔴 SELL Scalp Entry: 3385 – 3387 SL: 3390 TP: 3380 – 3375 – 3370 – 3365 – 3360 – 3350 🔴 SELL Zone Entry: 3401 – 3403 SL: 3407 TP: 3396 – 3390 – 3380 – 3370 📌 Summary: Gold remains in a strong uptrend, but the best opportunities may come from waiting for deeper pullbacks to BUY. Traders can either scalp within today’s ranges or aim for long-term positions from the lower buy zones.
OANDA:XAUUSDLong
by MMFlowTrading
10
XAU/USD M15 Update – Breakout or Fakeout?Gold has been consolidating in a tight 336x – 337x range throughout the day. Now, price is showing signs of pushing back towards the short-term high at 3377 – 3382. 👉 Two possible scenarios are on the table: 1️⃣ Liquidity Grab (Fake Breakout): Price retests the high → triggers FOMO buys → sharp rejection back down towards 3363 – 3355 liquidity zones. 2️⃣ Clean Breakout: If buyers hold control and break above 3382 – 3384, momentum could accelerate into the 3400 – 3402 resistance zone. 📌 Key Levels on M15: Resistance: 3377 – 3384 | Major: 3400 Support: 3363 – 3354 – 3341 ⚡ Trading Notes: Don’t chase price into resistance. Wait for clear confirmation around 3382 – 3384 before committing. Scalpers can look for quick plays at 3363 – 3355 (buy zone) or fade rejection at 3382 – 3384 if breakout fails. 🔥 Gold is at a decision point – will it break higher into 3400 or trap longs before a deeper correction? What’s your take? Drop your view below 👇
OANDA:XAUUSDShort
by MMFlowTrading
XAU/USD – M30: Short-Term Pullback Before the Next Move?Gold has shown strong bullish momentum recently, but on the M30 chart price is now retesting the 3376 resistance level, which aligns with a descending trendline. This confluence makes it a critical zone where a temporary pullback may occur before the market decides its next direction. 📊 Technical Outlook (M30) 3376 → Key resistance + trendline retest. Price may reject this area and retrace back into the FVG Zone (3363 – 3351). This zone will be crucial for potential long opportunities in line with the broader bullish trend. 📌 Key Levels Resistance: 3376 – 3383 Support: 3363 – 3351 🔥 Trading Plan (MMFlow Style) Scenario 1 – Short-Term SELL Entry: 3375 – 3377 Stop Loss: 3383 Targets: 3363 – 3355 – 3351 Scenario 2 – BUY from FVG Zone Entry: 3363 – 3351 Stop Loss: 3345 Targets: 3368 – 3375 – 3383 – 3390 ⚠️ Risk Notes This is an M30 setup → best suited for short-term traders. If price breaks above 3383 with momentum, Gold could quickly push towards 3400+. Watch out for volatility and stop-hunts, especially around news events – patience and confirmation are key. ✨ Question for the community: Do you expect Gold to dip into the FVG zone for accumulation 🏦, or will it break 3383 straight away and head for 3400+? 🚀
OANDA:XAUUSDShort
by MMFlowTrading
7
Grasp the trend accurately and have a crazy weekend!After testing the 3380 support level several times in a row today, gold maintained an oscillating upward trend. Today's layout of 3380 repeatedly went long, and 3400 shorts were all successfully closed with profits, with a total profit of 580pips. Currently, gold is oscillating at a high level in the 3404-3380 range. The possibility of a direction choice cannot be ruled out in the evening. If the market continues to be bullish in the evening, it is necessary to pay attention to whether the price will fall below 3380 when it tests the support level for the third time. If the support level is effectively broken, it is expected to fall to the key support level of 3370. If the price firmly stands above the 3400 mark, it may continue to test 3410. If there is no breakthrough either above or below, it will still maintain a range of oscillations, and the idea of selling high and buying low will be the main focus.
OANDA:XAUUSDShort
by Trade-Daniel
Gold fluctuates repeatedly. How can we avoid detours?Gold currently lacks sustained bullish momentum. The monthly chart has formed four consecutive upper shadows, indicating significant market pressure at high levels. Bulls are hesitant to take risks and lack the appetite for aggressive action, leading to a typical volatile pattern of rapid rises and equally rapid declines in gold prices. Yesterday's price action further confirmed this pattern. Although gold prices briefly reached a new high after bottoming out and rebounding, they were unable to consolidate above that level and subsequently retreated rapidly. Currently, the 3380-3390 area has become a key short-term resistance level, but repeated attempts to retest it have led to heavy selling pressure. Meanwhile, the 3370 area, a trading-intensive zone, poses significant downside risks for gold if it breaks below it, potentially extending the range to 3355-3340. Technically, resistance is concentrated in the 3380-3390 area, while support lies at 3355-3340. Short-term volatility is largely locked within this range. We recommend maintaining a volatile strategy of buying high and selling low. Regarding trading strategies, we recommend placing short positions in batches within the 3375-3390 area, targeting 3360-3345. Pay attention to position control and stop-loss settings during this process. If the price rebounds to the support area and stabilizes, consider short-term long positions to flexibly respond to the intraday rhythm.
OANDA:XAUUSDShort
by Trade-Daniel
What you see are fluctuations, what I see are opportunities!Gold prices are rising as expected, with long positions perfectly fulfilled and periodic profits successfully secured. Currently, prices are once again encountering resistance at 3390. A clear bearish engulfing pattern has formed on the short-term hourly chart, suggesting weakening short-term momentum and increasing risk of a pullback. From a cyclical perspective, today marks the fifth trading day of gold's rebound, and technically, a periodic adjustment is necessary. A break below 3370 today will essentially confirm the establishment of a short-term top, and the market structure may shift into a phase of decline. Regarding trading recommendations, we recommend continuing to short on rallies around 3390 as a key resistance level, with short-term targets focused on 3370-3360. A subsequent break below this level with significant volume could open up further downside potential. Market sentiment is shifting rapidly at this time, so it is crucial to strictly enforce risk management discipline, avoid blindly chasing orders, and maintain a flexible and forward-looking strategy.
OANDA:XAUUSDShort
by Trade-Daniel
What does it matter if every step is just right?Today's gold fluctuation rhythm is basically consistent with our prediction. The rhythm from entry to profit-taking is clear, and the strategy is executed decisively. First, we decisively arranged long orders at the 3365-3370 line, and successfully took profit at the target line 3375, earning 150pips of profit. Then we decisively reversed and arranged short orders at 3375. The market fell back to around 3360 as expected, and realized 150pips of profit again. In the third round of operations, long orders were entered again near 3352, and the price rose smoothly to 3370 to take profit again. The overall rhythm was tight and profits were steadily pocketed. At present, gold has rebounded to around 3380-3385. We have deployed a new round of short orders in advance and will wait for the price to drop before arranging long orders. Overall, gold is in a volatile rhythm. Even if there is still room for upward movement in the future, it is likely to undergo a round of technical retracement adjustments first.
OANDA:XAUUSDShort
by Trade-Daniel
How to seize the best entry point for gold?Gold continued its bullish trend from last Friday, rising to a high of 3385 yesterday. However, the upward momentum failed to sustain, and new highs were not reached during today's Asian and European trading sessions. The short-term bullish trend has ended, and the market is showing signs of correction. Currently, gold is facing downward pressure in the short term, and the short-term trend is volatile. Strategically, we can watch for a rebound to the 3375-3385 area during the European trading session and try to participate in short-term short selling. The target is below 3365-3355. The long-term structure remains bullish. Therefore, if the price falls back to the 3355-3340 area and stabilizes, we can still consider entering long positions to continue the medium-term uptrend. In terms of trading, we should pay attention to the rhythm of the market, betting on rebound resistance with short-term short positions and then going long on dips, maintaining flexibility.
OANDA:XAUUSDShort
by Trade-Daniel
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
Buy first when gold falls back, and pay attention to the strengtGold went on a roller coaster ride last week. It rose to around 3377 at the beginning of the week and then fell back under pressure. After stabilizing near 3309 on Thursday, it strengthened again on Friday and came under pressure near 3361. It fell back slightly to around 3344 at the opening in the morning and is currently rising again. In the morning, pay attention to the opportunity to buy first after the pullback, pay attention to the strength of the European session, and pay attention to the pressure near 3378/80 on the upside.
TVC:GOLDLong
by AIan_Gold
1
How to grasp the key trading points of gold?Yesterday, gold tested the 3375 line several times but failed to break through effectively. The selling pressure on the market was obvious, and the price immediately fell back, reaching a low of around 3341. The daily line closed with a long upper shadow, indicating that the bullish momentum has weakened and the short-term market has entered an adjustment phase. From the perspective of the 4-hour cycle, the continuous negative trend has led to the gradual closing of the Bollinger Bands, and the middle track position has temporarily gained support, but the overall market is volatile and weak. Today, we will focus on the 3354 watershed. If the rebound fails to effectively stand at this position, the pressure on the upper side will still be strong, and there is a risk of a short-term decline. Key technical positions: upper resistance: 3365, 3354, lower support: 3340, 3330. In terms of operation rhythm, it is recommended to deal with it with a high-selling and low-buying, oscillating approach, and maintain flexible adjustments. The operation suggestions are as follows: You can choose to short in the 3360-3365 area, with the target around 3350 and 3340; if the rebound is blocked below 3354, you can also enter the short order in advance. It is recommended to enter and exit quickly in the short-term weak market; strictly control the stop loss to avoid risks caused by sudden changes in the market. The current market is obviously volatile, so don't blindly chase the rise and fall. It is particularly important to operate around the key pressure and support areas. The grasp of the rhythm will determine the final profit, and steady trading is the kingly way.
OANDA:XAUUSDShort
by Trade-Daniel
7.15 Gold Market Analysis and Operation SuggestionsFrom the 4-hour analysis, the short-term support below focuses on the neckline of the hourly line of last Friday, 3340-45, and focuses on the support of 3325-30. The intraday retracement continues to follow the trend and the main bullish trend remains unchanged. The short-term bullish strong dividing line focuses on the 3325 mark. The daily level stabilizes above this position and continues to follow the trend and bullish rhythm. Before falling below this position, continue to follow the trend and follow the trend. Maintain the main tone of participation. Gold operation strategy: 1. Go long when gold falls back to 3340-45, and add more when it falls back to 3325-30, stop loss 3317, target 3365-70, and continue to hold if it breaks;
TVC:GOLDLong
by AIan_Gold
1
Gold rises strongly, aiming for a new high!Last Friday, gold continued to rise strongly, breaking through 3320 in the Asia-Europe session and accelerating its rise. The European session broke through the 3340 mark continuously. The US session broke through 3369 and then fell back. The daily line closed with a big positive line. It broke through the high for three consecutive days and returned to above 3360. The unilateral bullish pattern was re-established. Today, the gold price jumped high and broke through 3370 and then fluctuated at a high level. Although it rushed up, the strength was limited. It must be adjusted after a short-term retracement before it can continue to rise. Therefore, in terms of operation, we continue to maintain the main idea of ​​retreating and multiplying. Pay attention to the 3340-3345 area for short-term support during the day, and look at the 3330 line for strong support. If it does not break, it will continue to be a good opportunity to buy low and do more. Taking advantage of the trend is still the current main tone. As long as the daily level does not break 3330, the bullish structure will not be destroyed. 🔹Support focus: 3340-3345, key support level 3330 🔹Resistance focus: 3380-3393 area 1️⃣ If the price falls back to 3340-3350, a light long position will be intervened, with the target of 3365-3370. A strong breakthrough can see a new high; 2️⃣ If the price rises to 3380-3393 and is under pressure, a short-term short position adjustment can be tried, with a short-term target of around 3360. The specific real-time points and position arrangements will be updated at the bottom. Interested friends are advised to pay attention to my strategy tips in a timely manner and seize every opportunity reasonably.
OANDA:XAUUSDLong
by Trade-Daniel
2
Where will gold prices go at the weekly close?The mentality of trading is very important. At the same time, you must have clear ideas and decisive actions. Gold has been in a state of rapid growth. Many people are easily led to big losses by a small mistake. If you are worried about the loss at this time, you can choose to observe our daily operations in the group. The operations in the group are reasonable and well-founded, with real-time current price orders, and the returns are also considerable. Everyone is welcome to come and verify. Gold risk aversion has driven gold to strengthen. The current bullish trend of gold is strong. The decline during the US trading session is still dominated by long positions. Technically, the 1-hour moving average forms a golden cross upward, indicating sufficient bullish momentum. After the gold price breaks through, it is confirmed that the support level of 3330 is effective, and the short-term support structure has been formed. It is recommended to wait for the second opportunity for the gold price to step back! Although the 1-hour chart shows that the current trend remains strong and the step-back amplitude is small, it is necessary to maintain a cautious attitude-even if the market is strong, it is not recommended to chase more, and it is necessary to guard against the risk of a deep correction in the gold price. In terms of operation, it is reminded that you can focus on the support level below: the first support level is 3345 (bull-bear watershed). If it falls below, pay attention to the key support of 3330. If the gold price falls back to around 3345 and stabilizes, you can consider a light position to try more.
OANDA:XAUUSDLong
by TP_Daniel