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GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, The market opened on the 4H chart with a bearish gap at 4474 and a bullish gap at 4611. We are currently seeing the 4474 bear gap being filled, with a reactional bounce developing in line with our plan to buy the dips. As long as we do not see an EMA5 lock below 4474, the market is likely to continue pushing towards a test of 4611. However, failure to hold above 4474, combined with an EMA5 lock below this level, would open the door for a move into the lower range. This is an interesting but difficult range to position yourself in, so patience is key. It is a good idea to wait and see how well price stabilises within this area before committing heavily. We will keep you updated. Mr Gold
OANDA:XAUUSD
by Goldviewfx
7
Gold Squeeze Nearing Breakout — Hunting Liquidity First?Macro Context: Gold is holding steady within a compression range as the market heavily pricing in the latest comments from Fed officials hinting at a prolonged restrictive monetary stance. The U.S. Dollar Index (DXY) remains structurally supported, keeping a tight lid on any aggressive bullish breakout for precious metals. On the chart, the market structure presents a textbook institutional manipulation model: Symmetrical Compression: Price is tightly compressing within a multi-day descending structure. This compression is purely designed to engineer liquidity on both sides of the market. Support Zone (4,680.257): This remains our primary internal pivot floor. While retail sees this as a strong buying level, it has been heavily tested, making it vulnerable to a sharp liquidity run. Liquidity Hunt (4,654.292): Below the fragile support lies the true institutional accumulation pool. A rapid flush into this zone is highly anticipated to clean out the weak hands before any macro trend can be established. Macro Target (4,766.337): If the demand at the lower accumulation block is validated, the ultimate bullish objective remains fixed at this key high-timeframe structural ceiling. Key Zones Trading Plan (IF–THEN) Scenario 1: IF price sweeps below the 4,680 pivot support -> THEN expect a rapid expansion down into the 4,654 accumulation zone. Scenario 2: IF a clear Change of Character (CHoCH) prints within the 4,654 pool after the stop-loss hunt -> THEN a high-probability long execution is triggered targeting 4,766. MMFLOW View Bias: Neutral-Bullish (Strictly on a Deep Dip Confirmation). Strategy: Avoid chasing the breakout within the middle of the compression range. Let the smart money execute the stop-loss sweep at 4,654 first, then join the ride once the footprints are visible.
OANDA:XAUUSDLong
by MMFlowTrading
4
Gold (XAUUSD) Bullish Reversal Setup – Buy Opportunity Chart Analysis The chart shows a possible bullish reversal pattern forming after a strong downtrend. Price created a double-bottom style support area near the 4,500 zone and then started making higher lows, which signals buying pressure entering the market. Key Points Market was previously bearish with strong selling momentum. Buyers defended the support zone around 4,500. A bullish structure formed with higher highs and higher lows. Current setup suggests continuation toward the upside target. Trade Idea Entry Zone: Around current market price near 4,525 Target: 4,580 area Stop Loss: Below 4,507 support Overall Bias The market sentiment appears bullish in the short term. If price holds above support and momentum continues, buyers may push the market toward the marked target zone
FX:XAUUSDLong
by BullTrendzXAUUSD
1
Prepare to short gold: First test of resistance could fail !Gold has repeatedly tested lower levels and rebounded, currently standing above 4570. Compared to recent periods, bullish momentum has strengthened. Therefore, our two long positions entered near 4535 today both hit the TP: 4570, locking in substantial profits. However, it should be noted that after the sharp drop in gold prices, the current bullish sentiment in the market is not particularly strong. Therefore, the current rebound is merely a technical correction after a sharp drop, not a reversal. In addition, the situation in the Middle East remains uncertain. If oil prices remain high, the risk of the Federal Reserve turning hawkish will increase; coupled with the strong performance of the US dollar, this limits the upside potential for gold. In the short term, attention should be paid to the short-term resistance zones of 4590-4610 and 4625-4645. If gold encounters resistance in the aforementioned area, it will likely continue to fluctuate in the short term and may continue to test support and consolidate. Short-term technical support: 4535-4515 / 4500-4480 Short-term technical resistance: 4590-4610 / 4625-4645 In terms of short-term trading, if gold continues its rebound, I will consider shorting gold in the 4585-4605 range.
OANDA:XAUUSDShort
by Ray_RaymondView
The dip isn’t danger, It’s your gold buying opportunity!Gold rebounded after touching around 4480 today, reaching a high of around 4584 before falling back under pressure. Short-term fluctuations are expected, but the positive sign is that gold is transitioning from a downtrend to a consolidation phase. From a technical perspective, since gold has tested and found support in the 4500-4480 area, and rebounded using this area as a defensive base, the technical structure doesn't allow for a successful rebound in one go. A pullback is needed to form a second low, establishing a clear bottom support structure before gold can continue its upward movement and break through the upper resistance levels. Therefore, I believe the current pullback is not a risk, but rather an opportunity to go long on gold. With gold's center of gravity shifting upwards and rebounding multiple times after touching the 4540-4520 area, the rebound is not yet over. As long as gold can remain above Friday's low of 4510, the bulls still have the potential for further gains. Short-term technical support: 4535-4515 / 4500-4480 Short-term technical resistance: 4590-4610 / 4630-4650 Therefore, in terms of short-term trading, since gold has retraced to the 4540-4520 area, this presents us with a second opportunity to go long on gold. I will certainly seize this opportunity and continue to go long on gold within this area.
OANDA:XAUUSDLong
by Ray_RaymondView
3
XAU/USD Range Accumulation Breakout SetupMarket Structure The chart shows XAU/USD (Gold) trading inside a clear sideways consolidation range after a strong bearish move from the top left. The purple rectangle highlights the range-bound accumulation zone. Price repeatedly respects: Range resistance near 4,570–4,575 Range support near 4,532 Several rejection wicks at the bottom indicate buyers defending support. Bullish Signals Failed breakdown Price briefly swept below support (blue circle area) and sharply reversed. This often signals liquidity grab / stop hunt. Higher reaction lows Buyers stepped in aggressively after the sweep. Momentum candles show demand returning. Current retest Price is now attempting to hold above mid-range support. The setup anticipates a move toward range highs and possible breakout. Trade Idea Entry Zone Around current market price: 4,550 – 4,556 Stop Loss Below range support: 4,510 Target Bullish expansion toward: 4,600 Risk-to-reward appears favorable because: downside risk is relatively tight, upside target is significantly larger. Technical Interpretation This setup resembles: Accumulation phase Liquidity sweep Bullish continuation setup The expectation is: Price holds above support, Breaks range resistance, Expands upward toward the target zone.
FX:XAUUSDLong
by BullTrendzXAUUSD
Buy gold: Breakout and continuation ahead !Gold did not continue its decline during the day; instead, it rebounded after touching the support area of ​​4500-4480, indicating a slowdown in the short-term downtrend and a gradual shift towards a more range-bound movement. Gold has shown signs of testing resistance levels multiple times during its rebound, so in the short term, we must pay attention to the possibility of a slight breakout followed by a continuation of the upward trend. In the short term, bulls are using 4500-4480 as a defensive level and are attempting a counterattack. As the center of gravity shifts upward, short-term support has moved up to the 4535-4515 area. If gold holds this support area and continues its rebound, it could test the 4580-4600 area, and even potentially reach the 4620-4640 area. Therefore, in the current short-term trading, I do not believe that continuing to short gold is a good idea. Short-term technical support: 4535-4515 / 4500-4480 Short-term technical resistance: 4580-4600 / 4620-4640 In terms of short-term trading, if gold first retraces to the 4540-4520 area, I will consider going long on gold; if gold continues to rebound and touches the 4580-4600 area for the first time, I will consider going short on gold.
OANDA:XAUUSDLong
by Ray_RaymondView
3
Bull Trap Or Market Structure Shift?🚀 Gold Squeezes Late Shorts! Gold has just printed an aggressive rejection after completing a deep liquidity sweep right down to the $4,484 support zone on the M30 timeframe. 📊 Macro Context: DXY Exhaustion: The US Dollar Index (DXY) is showing signs of minor exhaustion after a prolonged rally, opening a clean technical recovery window for Gold. Fed Narrative: Capital is temporarily shifting into defensive mode as the market scrambles to reprice macro risk factors following last week's hot inflation prints. Yields: US Treasury yields have paused their upward march, alleviating some immediate downside pressure on the non-yielding precious metal. 📌 Key Levels: 🔹 Immediate Resistance / OB: $4,561 🔹 Next Liquidity Zones: $4,609 — $4,647 🔹 SMC Demand / Major Support: $4,484 🔹 Invalidation Point: Session close below $4,484 🔄 Scenario Logic (If–Then): If buyers can gather enough momentum to force a decisive candle close above $4,561 → Expect an extended recovery phase targeting $4,609 and the $4,647 liquidity pool. If we witness a stark rejection pattern print around the $4,561 — $4,609 cluster → The liquidity trap is confirmed, and price will likely flip violently to sweep the previous $4,484 lows. The short-term market bias has pivoted into an Impulsive Bounce, but extreme caution is highly advised as price actively approaches these heavy supply blocks. Are you buying this aggressive breakout or looking to short the rejection at $4,561? Let’s debate in the comments! 👇
OANDA:XAUUSDShort
by Fiora_Wintrade
16
THE KOG REPORT THE KOG REPORT: In last week’s KOG Report we said we will stick with the NFP chart as the move in our opinion was still not complete. For that reason, we suggested that low if tapped into again should give us the 4720-35 region again, which it did. During the week and through the ranging period, we updated traders with the hot spots and the range, suggesting tap and bounces were available but scalping was only possible on the markets due to the pending breakout. We did hit the lower hot spot and bounce, giving a nice capture, but as you can see from last week’s chart, our bias level broke below, and price ultimately started the decline from the Asia session on Friday. Not a bad week in Camelot on Gold, we managed to get some nice intra-day trades and the scalps performed well on the indicators. We missed 2 targets above after taking a majority of the trade and closing out at BE. LiTE performed and Excalibur made sure we remained in the right direction. So, what can we expect in the week ahead? The question here for most new traders is whether gold is bullish or bearish! It’s not as simple as that, projecting price is one thing, but getting the right entry at the right time for the swing is something else. I’ve seen a lot of traders get caught out high, and they’re still holding, likewise, many as still short from below and still holding. I would like to remind traders, there is a time to swing, and there is a time to scalp, both at the same time are not possible. The worst thing you can do is enter for an intra-day trade, it goes against you, and then convince yourself this is now a swing trade. Gold is bullish overall, but markets need time to reset sentiment and they need to move in structure, so until structure is clear, we will play the intra-day trades and scalps. So, following on from the above, it’s level to level at the moment with the immediate resistance level above being the 4555-65 region and I have a key level below which is also close to our target level sitting around the 4480-75 region. We’re stretched here so on opening, shorting for us is not a great idea, I would rather wait lower for a base to form, get the cross over and attempt the long trade back up to form a potential swing high. That level above is dependent on the 4555 level initially, and above that 4620-30 which should give opportunity to cut and cover, on the basis we remain below. Based on the above, it’s a simple plan for the beginning of this week, we’ll wait for an undercut low, potentially into the 4480s with an extension level into the 4450s, we’ll look for everything to align, and then look for the opportunity to long back upside into the levels given, following the red boxes. We’ll release the target levels during the week on the intra-day RBs. On the flip, if we support on opening and form a clear base, break above the 4660 level and hold, we should get that early opportunity get the trade into the 4595, 4605 and 4610 levels initially. It’s just above there levels we have the flip, which if held, can bring us all the way back down again in attempt to break below 4500 and continue lower. As always, we’ll update traders with the RB levels and KOG’s bias of the day, but for now, it’s intra-day level to level trading. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
50
H2: The Final Flush to 4,509? Hunting Liquidity Before the HTF 1. Market Overview Macro Context: Gold continues to face selling pressure as the market digests the recent volatility from the Fed Chair's speech and PPI data. Market Sentiment: The weekly close is approaching, and the current momentum suggests that "Smart Money" is driving price toward a final capitulation point. The Trap: Early buyers at the FVG Zone are being squeezed out as the market seeks deeper liquidity to fuel a potential long-term reversal. 2. Technical Context On the H2 timeframe, the market structure is clearly targeting the bottom of the current range: FVG Zone (4,585): Price has sliced through this Fair Value Gap, turning it into a resistance-heavy area. Flip Zone (4,645): This remains our primary institutional resistance. Until this level is reclaimed, the bears are in full control. Sell-Side Liquidity (SSL - 4,509): This is the high-probability target. We expect a sharp move into this zone to clear out retail stop-losses. 3. Key Zones HTF Target: 4,770.081 (Macro Moonshot) Flip Zone: 4,645.785 (Key Resistance) FVG Zone: 4,585.598 (Current Pressure) SSL Target: 4,509.170 (Liquidity Accumulation) 4. Trading Plan (IF–THEN) Scenario 1: IF price hits the SSL at 4,509 and prints a clear Change of Character (CHoCH) on lower timeframes -> THEN we anticipate a recovery back to 4,645 and eventually the 4,770 HTF Target. Scenario 2: IF price fails to show any reversal signs at 4,509 -> THEN we remain flat and wait for the next structural setup. Patience is the only edge tonight. 5. MMFLOW View Bias: Bearish Short-term | Bullish on Confirmation. Strategy: We are waiting for the "Final Flush" to clear the deck. Do not catch a falling knife; wait for the institutional footprints at the SSL zone. Do you think 4,509 is the bottom, or is Gold headed for a deeper crash? Share your thoughts below!
OANDA:XAUUSDLong
by MMFlowTrading
26
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone, Please see our 1H chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 4614 and a gap below at 4679, as support. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 4614 EMA5 CROSS AND LOCK ABOVE 4614 WILL OPEN THE FOLLOWING BULLISH TARGET 4679 EMA5 CROSS AND LOCK ABOVE 4679 WILL OPEN THE FOLLOWING BULLISH TARGET 4749 EMA5 CROSS AND LOCK ABOVE 4749 WILL OPEN THE FOLLOWING BULLISH TARGET 4931 BEARISH TARGETS 4521 EMA5 CROSS AND LOCK BELOW 4521 WILL OPEN THE FOLLOWING BEARISH TARGET 4445 EMA5 CROSS AND LOCK BELOW 4445 WILL OPEN THE SWING RANGE 4353 4262 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone, Please see our 4H chart route map and trading plan for the week ahead. We are now seeing price play between two weighted levels with a gap above at 4611 and a gap below at 4474. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 4611 EMA5 CROSS AND LOCK ABOVE 4611 WILL OPEN THE FOLLOWING BULLISH TARGET 4728 EMA5 CROSS AND LOCK ABOVE 4728 WILL OPEN THE FOLLOWING BULLISH TARGET 4845 EMA5 CROSS AND LOCK ABOVE 4845 WILL OPEN THE FOLLOWING BULLISH TARGET 4972 EMA5 CROSS AND LOCK ABOVE 4972 WILL OPEN THE FOLLOWING BULLISH TARGET 5075 BEARISH TARGET 4474 EMA5 CROSS AND LOCK BELOW 4474 WILL OPEN THE SWING RANGE 4365 4237 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
3
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Gold continues to respect the broader long term structure, with price now testing the lower boundary of the weekly channel with notable precision. This area remains a key technical decision zone, and current price action suggests the market is attempting to establish a reaction from channel support. At this stage, we expect the channel floor to produce a bounce scenario, with the potential for a long term reactional move back toward the 4763 retest zone. As long as price remains supported above the key structural floor, the broader bullish outlook remains intact. However, if the channel support fails to hold, the next major support region comes in around 4462 and 4338. This level aligns closely with the same broader channel floor zone, adding further technical confluence and making it an important area for swing. A decisive weekly body close below 4462 and 4338 would open the door for a deeper corrective phase and expose the lower range. Even in that scenario, we continue to view the lower Goldturns support regions as major long term value zones aligned with our broader strategy of buying dips within the macro bullish structure. For now, the focus remains on how price reacts level to level from this support region. We will continue tracking the movement closely across the lower time frame chart ideas and provide updated confirmations as the market develops. Mr Gold
OANDA:XAUUSD
by Goldviewfx
3
Best Price Action Pattern For GOLD Trend Following Trading This bullish pattern is very powerful . Being spotted on a daily/4h/1h, any time frame, it will help you to accurately predict a strong bullish movement on Gold. In this article, I will teach you to identify a buying volumes accumulation on Gold chart and as a bonus, I will show you how I predicted a bullish rally with this price action pattern. The initial point of this pattern will be a completion point of a strong bullish impulse. At some moment, the price finds a strong horizontal resistance, stops growing and retraces . The second point of the pattern will be a completion of a retracement. It should strictly be a higher low - it should be higher than the low of an initial bullish impulse. After a retracement, the price should return to a horizontal resistance and set an equal high, that will be the third point of the pattern. Then, the price should retrace AT LEAST one more time from a horizontal resistance and set a new higher low. After that, the price should set one more equal high. 3 equal highs and 2 higher lows will compose a bullish accumulation pattern. Please, note, that the price may easily set more equal highs and more consequent new higher lows and keep the pattern valid. Above is the example of a bullish accumulation pattern on Gold on an hourly time frame. The price set 3 equal highs and 3 consequent higher lows. This pattern will signify the weakness of sellers and the accumulation of buying volumes. The point is that each consequent bearish price movement from a resistance is weaker than a previous one. It means that fewer sellers are selling from the resistance and more buyers start buying, not letting sellers go lower. In our example, we can clearly see the consequent weakening, bearish price movements. This pattern indicates a highly probable breakout attempt of the resistance. A candle close above that provides a strong bullish signal. The broken resistance will turn into support and will provide a safe point to buy the market from. In our example, the market broke the underlined horizontal resistance and closed above that. It indicates the completion of a bullish accumulation and a highly probable bullish trend continuation. You can see that Gold retested a broken structure and then a strong bullish wave initiated. In a strong bullish market that we currently contemplation on Gold, this bullish pattern will provide a lot of profitable trading opportunities. No matter whether you are scalping, day trading or swing trading Gold, this bullish accumulation pattern will help you to predict long-term, mid-term and short-term bullish movements. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDEducation
by VasilyTrader
12
Still no breakout, but the range is printing profits!I initially thought Trump's visit to China would be a catalyst for the gold market to break out of its consolidation range, but it seems to have disappointed me. As of now, gold has not broken out of its consolidation range and there is still no clear direction in the short term. However, during the consolidation period, I believe that gold will continue to compress its trading range before breaking out of the consolidation zone. Only after the trading range is extremely compressed can it better accumulate momentum for breaking out of the consolidation range. However, from a short-term structural perspective, the overall center of gravity of gold is gradually shifting downwards, and the short-term resistance has also moved down to the 4710-4730 area; however, we should not be blindly bearish on gold before it breaks through the 4660-4640 area. The recent repeated bottoming out and rebounding trends have demonstrated strong support at lower levels. Short-term technical support levels: 4660-4640 / 4610-4590 Short-term technical resistance levels: 4710-4730 / 4760-4780 Therefore, in terms of short-term trading, before gold breaks out of the consolidation range, I tend to go long on gold in the 4670-4650 range; of course, if gold rebounds to the 4710-4730 range, I will also consider going short on gold.
OANDA:XAUUSDShort
by Ray_RaymondView
1
Gold May See a Short-Term Pullback Before Continuing Higher📊 Market Overview: Global gold prices (XAU/USD) are currently fluctuating around the 4,700 USD/oz area after facing short-term profit-taking pressure. The main reason comes from the recovery of the US Dollar and rising US Treasury yields following higher-than-expected US inflation data. However, safe-haven demand remains strong as geopolitical tensions in the Middle East have not eased, helping gold stay above key support levels. 📉 Technical Analysis: • Key resistance levels: o 4,725 – 4,730 USD o 4,748 – 4,755 USD • Nearest support levels: o 4,685 – 4,680 USD o 4,655 – 4,650 USD • EMA: Price is still trading above the EMA 09 on the H1 timeframe, indicating that the short-term trend remains bullish. • Candlestick / volume / momentum patterns: o Small-bodied candles with long wicks are appearing around the 4,725 USD zone, showing selling pressure reacting at resistance. o Trading volume has declined slightly during the pullback, suggesting that selling pressure is not yet too strong. o H1 RSI has dropped from overbought territory to around 55–60, creating room for another upward move if support remains intact. 📌 Outlook: Gold may see a short-term pullback toward the 4,685 – 4,680 USD zone before continuing its upward trend if this support area holds. However, if the price breaks below 4,650 USD, bearish pressure could extend toward lower levels. 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD: 4,725 – 4,730 🎯 TP: 40 / 80 / 200 pips 🛑 SL: 4,733 🔺 BUY XAU/USD: 4,685 – 4,680 🎯 TP: 40 / 80 / 200 pips 🛑 SL: 4,677
OANDA:XAUUSDLong
by Mian-FXSignals
43
Gold is coiling tight: Explosive breakout ahead!Gold rebounded after testing lower levels yesterday, showing signs of strengthening, but this wasn't enough to establish a bullish reversal. The main resistance level for gold today remains in the 4720-4740 area. As gold prices fell under pressure, upward momentum gradually weakened, and the upper resistance effectively suppressed prices, leading to a return to a weak correction in the short term. Gold faces significant upward pressure in the short term and is likely to undergo a technical correction. However, the repeated tests and rebounds have provided good support below. Therefore, we should not blindly short gold before it breaks below the recent key support area of ​​4660-4640. Overall, gold is expected to remain within the 4740-4640 range in the short term. Short-term technical support levels: 4660-4640 / 4610-4590 Short-term technical resistance levels: 4700-4720 / 4740-4760 Therefore, in terms of short-term trading, before gold breaks out of the consolidation range, I tend to go long on gold in the 4665-4645 range; of course, if gold rebounds to the 4715-4735 range, I will also consider going short on gold.
OANDA:XAUUSDShort
by Ray_RaymondView
Gold bulls are fading, bears ready to take over!Gold prices did not continue their upward trend during the day, but instead fell all the way down, currently trading in the 4700-4690 range. Although gold traded weakly during the day, it does not mean that there is a clear downtrend. The overall trend is still within a range and has not been completely broken. Moreover, the market is currently caught between "geopolitical anxiety" and "inflation concerns," and there are no conditions for a one-sided trend to form yet. However, relatively speaking, the bearish momentum is slightly dominant at present! From the current structural pattern, gold is currently supported in the 4680-4660 area. As long as gold holds this support level, or even just the bottom line around 4640, the bulls still have a chance to gain momentum. However, there is significant upward pressure at present, with gold repeatedly being constrained by the 4740-4760-4780 area recently. But as gold continues to decline throughout the day, the short-term resistance has shifted down to the 4720-4740-4760 area. Short-term technical support levels: 4680-4660-4640 Short-term technical resistance levels: 4720-4740-4760 Therefore, in short-term trading, I would prioritize shorting gold in the 4720-4740 range; if the gold rebound falls short of expectations, I might consider waiting for gold to retrace to the 4660-4640 range before attempting to go long.
OANDA:XAUUSDShort
by Ray_RaymondView