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XAUUSD Daily Plan | Gold Awaits FOMC – Liquidity Hunt in ActionXAUUSD Daily Plan | Gold Awaits FOMC – Liquidity Hunt in Action Gold continued to move lower into liquidity during the late US session yesterday and reacted strongly at the BUY ZONE 3314 – 3316 (MMFLOW Entry), already giving more than +70 pips profit so far ✅. On the M5 – M15 short-term structure, Gold is showing a mild recovery. However, for buyers to take control, price must break the resistance at 3320 – 3322 with strong volume. A confirmed breakout here can trigger further upside momentum and retest higher KeyLevels. 📈 Upside Targets (Intraday): 333x and 334x – these levels may act as Take-Profit zones for longs or potential SELL opportunities in line with the corrective channel on M30 – H1. 🔔 Fundamental Focus – FOMC Meeting Ahead Today, the FOMC meeting will be the key event during the US session. Traders are waiting for clues about the Fed’s rate decision. Any dovish signals about a possible rate cut in September could be the catalyst for a strong Gold rally, breaking the current bearish channel. 👉 During the Asia – Europe sessions, intraday bias remains bullish towards 333x – 334x, where we will also watch for selling opportunities. ⚠️ During the US session, expect high volatility with FOMC, so manage risk carefully. 📉 Technical Trading Plan 🔹 BUY Scalp Setup Entry: 3311 – 3309 SL: 3305 TP: 3315 → 3320 → 3325 → 3330 → 3340 → 3350 → 3360+ 🔹 BUY Zone (FOMC Plan) Entry: 3290 – 3288 SL: 3282 TP: 3295 → 3330 → 3335 → 3340 → 3350 → 3360 → 3370+ 🔸 SELL Scalp Setup Entry: 3342 – 3344 SL: 3348 TP: 3338 → 3332 → 3328 → 3324 → 3320 🔸 SELL Zone (FOMC Plan) Entry: 3360 – 3362 SL: 3368 TP: 3355 → 3350 → 3345 → 3340 → 3330 ⚠️ Trading Notes FOMC will bring high-impact volatility – stay alert. Stick to TP/SL discipline and risk management to protect capital. Remember: KeyLevels = Profits ✅
OANDA:XAUUSDLong
by MMFlowTrading
5
XAUUSD Update | Gold Builds Energy Ahead of FOMCGold continues to consolidate within a tight range, with selling pressure becoming more visible. With just over a day left until the FOMC meeting – a key event that could set the tone for the next major trend – the market seems to be loading up for a liquidity sweep. 👉 While price action may look messy and indecisive, for KeyLevel traders, this is the perfect hunting ground. Liquidity zones are being respected with precision, offering clean setups for those who understand MMFLOW structures. 📉 Market Outlook Primary Bias: Short-term corrective downside. Possible Play: Liquidity grab into the 331x area before a strong rebound higher. 🔑 Key Trading Levels Sell Zone: 3340 – 3345 | Tight SL: 4 – 5 pts 🎯 Targets: 3325 → 3317 → stretch 3310 📌 Note: Stay disciplined around these KeyLevels. One sharp BreakOut post-FOMC could trigger the next big directional move. ✨ As always with MMFLOW: KeyLevels = Profits ✅ 🔥 Follow MMFLOW TRADING to catch daily setups, smart money footprints, and precision KeyLevels.
OANDA:XAUUSDShort
by MMFlowTrading
The rebound is weak and short selling is the main strategyThe overall performance of gold yesterday was a trend of falling under pressure from high levels, reaching a high of around 3358. The daily line finally closed with a bearish cross star with a long upper shadow. The daily line fell into a high-level horizontal consolidation, and the overall oscillation was wide between the upper and lower Bollinger tracks. It is currently consolidating horizontally near the middle track, and there is a trend of further falling to the lower track in the short term. In the 4H cycle, the high point gradually moves down in the step-by-step oscillation decline, forming a downward trend, but the Bollinger band closing state is not optimistic about the room for a big drop. The intraday weak oscillation strategy is treated. The upper pressure focuses on the 3345-3360 area. The operation is mainly rebound shorting. The focus below is on the 3325-3310 regional support zone. If the price is effectively stabilized in this area and is not broken, it can be used as a potential opportunity to intervene in long orders. Gold operation suggestion: short around 3345-3360, target 3330-3320.
OANDA:XAUUSDShort
by Trade-Daniel1
Gold in Tight Range | Waiting for the Big BreakOut After FOMC!Gold is currently consolidating within a narrow range, building momentum for a potential major BreakOut. After Monday’s liquidity sweep, price has been moving strongly between 332x – 335x, but on the H1 timeframe it still remains locked in a descending channel. Last week’s CPI & PPI data failed to set a clear direction, which is why this week’s focus will shift to the FOMC meeting. This is expected to deliver the decisive signal for gold’s next big move. ⏳ Early–Mid Week: With fewer major events, gold is likely to continue sideways within the narrow range or remain under mild selling pressure until the FOMC release. 🔑 Key Market Levels Resistance: 3357 – 3369 – 3383 – 3398 Support: 3335 – 3317 – 3309 📌 Trading Setup ✅ BUY Zone: 3334 – 3332 SL: 3328 TP: 3338 – 3342 – 3346 – 3350 – 3355 – 3360 – 3370 – 3380 👉 A breakout above 336x could trigger a strong rally towards 3383 – 3398. ✅ SELL Zone: 3383 – 3385 SL: 3390 TP: 3378 – 3374 – 3370 – 3360 – 3350 👉 If gold fails at high resistance and reverses, it could sweep liquidity back to 333x – 331x, and potentially deeper towards 329x. ⚠️ Summary Gold is at a critical decision point: BreakOut or BreakDown. Before FOMC: expect sideways / mild downside inside H1 channel. After FOMC: anticipate a strong Pump or Dump that will set the next trend. 🔥 Watch key levels 333x – 336x – 338x closely for market reactions and adjust strategy accordingly.
OANDA:XAUUSD
by MMFlowTrading
2
Seize the best entry time for gold!Today's gold trend is still bumpy, and the overall trend is still mainly volatile. After the rebound, gold entered a sideways consolidation: after a brief retreat to the 3223 line at the opening, it rebounded quickly and once rose above 3358, but the upward momentum failed to continue, and then chose to oscillate and repair, and fell to around 3332 at the lowest. Judging from the gold trend structure, 3330-3320 below is still the key support area, so you can consider long positions. The current market rhythm is quite tiring and tests one's patience, but the trading center cannot get things done in a hurry, so it is safer to wait patiently for clear signals before entering the market. It should be emphasized that if the 3320 support is not broken, the overall structure will still be difficult to constitute a sharp decline, and the market is expected to stabilize in this area. For more specific operational ideas, the main focus is still on bottom signal confirmation.
OANDA:XAUUSDLong
by Trade-Daniel1
1
Looking for a surefire gold trading opportunity?Global markets are closely monitoring developments in the Russia-Ukraine situation, and investors remain generally cautious until the situation becomes clearer. The US dollar index, after a brief decline due to data, rebounded and fluctuated intraday. Gold prices opened lower today, retreating to support near 3323 before quickly rebounding and briefly rising to around 3358 before the European session opened, before falling back under pressure there. Trading strategies should focus on the support area around 3335-3320. If gold prices stabilize there, consider going long. In the short term, the market has yet to establish a clear unilateral trend, with both the US dollar and gold trading in a volatile pattern. The strategy should maintain a range-bound approach, patiently awaiting reactions near key levels and avoiding aggressive chasing orders before a breakout. This volatile pattern is expected to persist until there is clearer progress on major risk events such as the Russia-Ukraine situation. Be mindful of the impact of unexpected events on market sentiment. Gold Trading Recommendation: Go long near 3335-3320, with a target of 3350-3360.
OANDA:XAUUSDLong
by Trade-Daniel1
Gold on Fire: Bulls Eye an Unrelenting Surge to 3365–3375Although gold has been weak recently, we have still achieved impressive results in gold long trading because it touched 3375 and 3358 twice during the rebound process. We have made a total profit of more than 900 pips in the long trading, which can be said to be a very successful transaction in the short term. At present, gold maintains an overall volatile market, but in the short term, gold has never effectively fallen below the 3330-3320 area. What is more obvious is that the dense trading area below is concentrated in the 3330-3310 area, so the buying support below is strong, which greatly limits the downward space of gold; in addition, gold touched around 3358 during today's rebound, and once broke through Friday's intraday high, which to a certain extent strengthened the market bullish sentiment. Therefore, when gold retreats again, there may be more buying funds willing to enter the market. In terms of fundamentals, the ceasefire and peace between Russia and Ukraine have not yet been settled, and the geopolitical situation remains tense; and the market's expectations for the Federal Reserve to cut interest rates are gradually strengthening. Against this background, gold still has the possibility of rising again. Therefore, in the short term, I still prefer to trade gold long. We can consider buying gold in the 3340-3330 area, first looking at the target 3365-3375 area, and even continuing the upward trend to around 3380.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
GOLD ROUTE MAP UPDATEHey Everyone, Great start to the week with our chart idea playing out as analysed. We got our Bullish target hit at 3352 followed with no ema5 cross an d lock confirming the rejection. We are now seeing price head towards the bearish target. 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 3352 - DONE EMA5 CROSS AND LOCK ABOVE 3352 WILL OPEN THE FOLLOWING BULLISH TARGETS 3374 EMA5 CROSS AND LOCK ABOVE 3374 WILL OPEN THE FOLLOWING BULLISH TARGET 3398 EMA5 CROSS AND LOCK ABOVE 3398 WILL OPEN THE FOLLOWING BULLISH TARGET 3422 BEARISH TARGETS 3327 EMA5 CROSS AND LOCK BELOW 3327 WILL OPEN THE SWING RANGE 3304 3281 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
11
How can the gold market seize real certain opportunities?Gold closed with a bearish doji at a low level on Friday. Gold opened slightly lower on Monday, falling to around 3323 before rising. The wedge pattern is gradually converging, and the overall pattern is top oscillation. In the 4H cycle, consecutive big suns broke through and stabilized on the middle track, and the short-term trend turned from weak to strong, but the current pressure of 3360-3375 is not broken, and it is still in a downward correction channel. In terms of operation, the rebound can be shorted at this position, and the support below should pay attention to the 3335-3320 area. If it is not broken, consider taking a long position. Gold operation suggestion: short around 3360-3375, target 3345-3335.
OANDA:XAUUSDShort
by Trade-Daniel1
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 3352 and a gap below at 3327. 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 3352 EMA5 CROSS AND LOCK ABOVE 3352 WILL OPEN THE FOLLOWING BULLISH TARGETS 3374 EMA5 CROSS AND LOCK ABOVE 3374 WILL OPEN THE FOLLOWING BULLISH TARGET 3398 EMA5 CROSS AND LOCK ABOVE 3398 WILL OPEN THE FOLLOWING BULLISH TARGET 3422 BEARISH TARGETS 3327 EMA5 CROSS AND LOCK BELOW 3327 WILL OPEN THE SWING RANGE 3304 3281 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
20
GOLD DAILY CHART ROUTE MAPDaily Chart Update Range Still in Control: Same Boundaries, Same Play Not much has changed since last week. Price continues to rotate within the 3272–3433 range, respecting the structure with precision. The week’s action stayed contained inside this 170+ pip zone, reinforcing the dominance of the range. As we head into the new week, the outlook remains the same: watching 3433 as upside resistance, while 3272 continues to anchor support. Until one side breaks and holds, range trading strategies remain the focus. Current Outlook 🔹 Range Still Active Price is firmly contained between 3272 and 3433. A decisive break outside this box is still required for a trend shift. 🔹 Same Rejections The market has yet to sustain above 3433. Resistance stands firm. 🔹 Support Holding As long as 3272 holds, bias stays neutral-to-bullish within the range, with eyes on another potential 3433 retest. Updated Key Levels 📉 Support – 3272 Still the key pivot and buy zone unless a confirmed breakdown occurs. 📈 Resistance – 3433 Unchanged as the main ceiling. A break and hold above would shift dynamics, but until then, sellers remain in control at this level. Thanks as always for your support, Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone, Please see our weekly chart update. 3387 Rejected, 3482 Gap Still Open Following up on last week’s close above 3387, price has since shown rejection at that same level, leaving the 3482 gap still unfilled from the previous candle body. This pullback now highlights the 3281 gap below as support, keeping the broader structure intact but tempering the immediate upside momentum. We’re watching for a potential re-challenge of 3387 before the path toward 3482 can resume. Until then, the market remains range-bound within these structural pivots. Current Outlook 🔹 3387 Rejection Despite previous week’s close above, price could not sustain higher, confirming 3387 as a tough barrier in the short term. 🔹 3281 as Key Support The gap below sits at 3281, which remains the anchor pivot. As long as it holds, buyers have the chance to reload. 🔹 3482 Still Open The unfilled gap to 3482 remains the long-term upside target. A re-test and hold above 3387 is needed before momentum can extend toward that objective. Updated Levels to Watch 📉 Support – 3281 Critical base. A breakdown here would shift structure bearish. 📈 Resistance – 3387 Now the immediate barrier. Expect this to be re-challenged before further upside can develop. 📈 Upside Gap Target – 3482 Still open from previous structure. Comes into play only if 3387 can be cleared decisively. Plan: Price is consolidating between 3281 and 3387, with 3482 waiting above. Until 3387 is reclaimed on a closing basis, range trading remains the play. A clean break above flips bias bullish toward 3482, while failure at 3281 risks a deeper rotation. Thanks as always for your support, Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
This week's gold performance ended perfectlyThe monthly sales rate data released yesterday had limited impact and did not have a significant impact on the gold market. As for next week's trend, whether gold can expand its rebound is still uncertain. At least there will be no major reversal. The bullish force above will most likely impact the 3360-3375 resistance area. From the 4-hour technical analysis, the key resistance above gold is concentrated in the 3345-3355 range. If it rebounds to this position next week, it is recommended to continue to short with the main short idea and look for a decline. The important support role of the 3300 integer mark should be paid attention to. The daily level shows that before effectively breaking through and standing above 3355, any form of rebound can be regarded as a shorting opportunity. The overall operation needs to maintain the core strategy of shorting in line with the trend. Gold operation suggestion: If gold rebounds to around 3345-3355 next week, you can consider shorting it, with the target at 3320-3300.
OANDA:XAUUSDShort
by Trade-Daniel1
GOLD ROUTE MAP UPDATEHey Everyone, Great finish to the week with our chart idea playing out as analyzed. In yesterday’s update, we stated that the 3329 full gap remained open and that we had another cross-and-lock confirming this. That gap has now been completed perfectly and also gave the reaction and bounce in line with our plan to buy dips. As long as this level holds, we should continue to see bounces. A cross-and-lock below this level, however, will open up the swing 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 3403 EMA5 CROSS AND LOCK ABOVE 3403 WILL OPEN THE FOLLOWING BULLISH TARGETS 3422 EMA5 CROSS AND LOCK ABOVE 3422 WILL OPEN THE FOLLOWING BULLISH TARGET 3439 BEARISH TARGETS 3377 - DONE EMA5 CROSS AND LOCK BELOW 3377 WILL OPEN THE FOLLOWING BEARISH TARGET 3354 - DONE EMA5 CROSS AND LOCK BELOW 3354 WILL OPEN THE FOLLOWING BEARISH TARGET 3329 - DONE EMA5 CROSS AND LOCK BELOW 3329 WILL OPEN THE SWING RANGE 3304 3281 We will now come back Sunday with a full multi timeframe analysis to prepare for next week’s setups, including updated views on the higher timeframes, EMA alignments, and structure expectations going forward. Thanks again for all your likes, comments, and follows. Wishing you all a fantastic weekend!! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
5
How to seize high-probability opportunities in volatile marketsAfter gold surged and then fell yesterday, it fell again due to the influence of data, and hit a low near 3329. The daily line finally closed with a negative line, and fell back to the lower track in a roundabout and oscillating manner. In the 4H cycle, it was under pressure near the high point of 3374 and gradually broke through the low and fell. After closing with negative lines continuously, the Bollinger Bands opened. Today, relying on the pressure of the middle track, there is further room for decline. It is expected that the volume will increase after short-term consolidation. The upper pressure will focus on the 3345-3360 area. The operation will mainly focus on rebound shorting. The lower side will first look at around 3330, and then look at 3320-3300 after breaking through. Gold operation suggestion: short around 3345-3360, target 3330-3320.
OANDA:XAUUSDShort
by Trade-Daniel1
Last chance to go long on goldAlthough the initial jobless claims and PPI data were bearish for gold, it still failed to break below 3340-3330 area. After touching 3340, it rebounded to around 3356, demonstrating that a significant amount of buying capital was still entering the gold market during the pullback, limiting the downside while also providing strong support. Although gold has experienced several setbacks in its short-term upward trend, the bullish pattern has not completely failed. It remains within an ascending triangle structure in the short term. As long as this structure remains intact, gold could potentially rebound to the 3365-3375 area, or even to the 3380-3390 area, leveraging structural support. Currently, there is a fierce game between bulls and bears in the short term for gold, which brings considerable difficulties to our short-term trading, but why do I keep insisting on going long on gold? What I want to say is that when you are uncertain in the short term, you can zoom in on the chart period and observe. In fact, the trend is clear at a glance, but there are some twists and turns in the short term! Therefore, in the short term, I still advocate seeking to go long on gold with the 3345-3335 area as support, first looking at the target 3365-3375 area. If gold breaks through this area strongly during the rebound, the upward trend can continue to around 3380.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
GOLD HOLDS 3330 LIQUIDITY ZONE – BULLISH REVERSAL IN PLAY!📌 Market Overview Gold has firmly held the 3330 liquidity support zone and bounced back strongly, now trading around 334x, forming a clean bullish structure on the M30 chart. If the current momentum continues, price is likely to target the FIB resistance & CP Zones above at 335x and 336x in the short term. On higher timeframes, the corrective wave is still present, but intraday traders must stay alert – today’s geopolitical headlines from the Trump–Putin meeting could inject volatility. Friday’s usual liquidity sweeps also add risk, so stay adaptive and avoid getting trapped by false breaks. 🧐 Key Technical Insights (MMFLOW Analysis) CP Resistance 3355 aligns with a strong OBS SELL ZONE – watch for reaction here. Further upside resistance near the 0.62 FIB level. If price reaches this early in the Asian or early London session, it’s a valid short setup. Late London or NY session tests could be false break traps due to the confluence with the downtrend line. BUY Entries are still valid from 3334–3336 for early intraday longs, with SL below 3330. If 3330 breaks, wait for deeper liquidity at 331x before buying again. 🎯 Trading Plan – MMFLOW Strategy 🔹 BUY ZONE Entry: 3334 – 3336 SL: 3330 TP: 3340 – 3345 – 3350 – 3355 – 3360 – 3365 – 3370 – 3380 🔹 SELL ZONE Entry: 3355 (OBS SELL) or 0.62 FIB confluence SL: Above 3362 TP: 3350 – 3345 – 3340 – 3335 – 3330 📊 Key Levels Resistance: 3355 – 3362 – 3370 Support: 3336 – 3330 – 331x 💡 MMFLOW Comment: The best approach today is trend-following buys from liquidity zones while monitoring intraday resistance for short scalps. Geopolitical headlines and Friday liquidity sweeps may trigger traps – trade smart, not just fast.
OANDA:XAUUSDLong
by MMFlowTrading
Fed Set to Cut 50bps: Gold Benefits as the Bullish Wave Reforms📌 Market Overview Gold surged as high as $3,370/oz before closing at $3,355.9 (+0.24%), fuelled by growing expectations that the Federal Reserve could deliver a 50bps rate cut in September. US Treasury Secretary Bessent signalled strong support for such a move, while July CPI remained soft — weighing on the USD and pushing bond yields lower, giving gold a clear upside path. However, upside momentum was capped by US equities hitting fresh record highs and a cooling in geopolitical tensions. Markets now turn their focus to the upcoming PPI data, jobless claims, and the Trump–Putin meeting to gauge gold’s next move. 🧐 Technical Outlook – MMFLOW Perspective The recovery wave is becoming increasingly evident after recent corrective moves. Price action is now poised to revisit liquidity zones from previous pullbacks. Strategy remains to: Buy early in pre-identified liquidity zones to ride the bullish wave within the current channel. Sell from continuation or exhaustion zones once the next liquidity sweep is in play. 🎯 Trading Plan – MMFLOW 🔹 BUY ZONE – Early Long Setup Entry: 3336 – 3334 Stop Loss: 3330 Take Profit: 3340 – 3345 – 3350 – 3355 – 3360 – 3365 – 3370 – 3380 – ??? 🔹 SELL ZONE – Liquidity Grab Short Setup Entry: 3394 – 3396 Stop Loss: 3400 Take Profit: 3390 – 3385 – 3380 – 3370 – 3360 📊 Key Levels Resistance: 3365 – 3370 – 3395 Support: 3334 – 3330 – 3315 💡 MMFLOW Comment: The technical structure supports a tactical buy-on-dip approach, with 334x being a key pivot zone for the bulls. If price accelerates towards 339x, watch for a liquidity sweep to trigger high-probability short setups.
OANDA:XAUUSDLong
by MMFlowTrading
1
GOLD ROUTE MAP UPDATEHey Everyone, We are still seeing price action within the retracement range. The full gap below at 3329 remains open from the previous cross-and-lock, and we now have another cross-and-lock confirming this. We expect a bounce at this level unless we see a further cross-and-lock below 3329, which would open the swing range. Until then, we also expect this level to provide a reaction. 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 3403 EMA5 CROSS AND LOCK ABOVE 3403 WILL OPEN THE FOLLOWING BULLISH TARGETS 3422 EMA5 CROSS AND LOCK ABOVE 3422 WILL OPEN THE FOLLOWING BULLISH TARGET 3439 BEARISH TARGETS 3377 - DONE EMA5 CROSS AND LOCK BELOW 3377 WILL OPEN THE FOLLOWING BEARISH TARGET 3354 - DONE EMA5 CROSS AND LOCK BELOW 3354 WILL OPEN THE FOLLOWING BEARISH TARGET 3329 EMA5 CROSS AND LOCK BELOW 3329 WILL OPEN THE SWING RANGE 3304 3281 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
11
3340–3330: Bulls’ Last StandI still hold a long position in gold. Although gold has not continued its rebound and is relatively weak, it has tested around 3340-3330 many times but has never fallen below it. As long as gold remains above 3340-3330, gold bulls may sound the clarion call for a counterattack at any time. Gold has been falling frequently and seems to be shaky, but it has always held the area near 3340-3330. I think the frequent decline of gold is a false signal to trap the short sellers. Why do I think so? 1st, the area around 3340-3330 is the support level of the bullish structure and the last line of defense. It is unlikely that gold will effectively fall below this area in the short term. 2nd, this upward trend began around 3268 and reached a high around 3409.The area around 3340-3330 is exactly the 50% retracement area of this band, which has relatively strong support. So from a technical perspective, I think gold is currently accumulating energy, exchanging time for space. Gold bulls may explode at any time, thereby triggering a gold rally!
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Gold’s Drop: The Calm Before the SurgeThe bulls have been defeated all the way, and the current lowest has fallen to around 3350. However, after gold touched around 3350, the downward momentum has slowed down. I think it is not appropriate to be overly bearish on gold in the short term. It can be clearly seen during the day that gold started to fall from around 3401, and the decline reached $51 around 3350. In the absence of any major negative news, I believe that the intraday retracement space has reached its upper limit, and the structural support line for gold bulls happens to be in the 3350-3340 area, so the room for gold to continue to retrace will not be too large. Moreover, gold has recently fallen under pressure several times after standing above 3340, proving that the upper resistance still exists. In addition, there is a certain amount of selling, which has hindered the bullish momentum to a certain extent, resulting in the lack of momentum for gold bulls. After the current pullback and technical repair, due to the increase in gold liquidity and accumulation of strength, it may be more conducive for gold to hit 3400 again or even higher targets. Therefore, in the short term, I think it is not advisable to chase gold too much; instead, we can accumulate enough cheap chips during the gold pullback, and then wait patiently for gold to rebound and hit 3380-3390 again.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
1