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Goldtrendanalysis

Market Analysis: Gold Rockets to New HighMarket Analysis: Gold Rockets to New High Gold price rallied to a new all-time high above $3,670. Important Takeaways for Gold Price Analysis Today - Gold price started a major increase from $3,500 against the US Dollar. - A key bullish trend line is forming with support at $3,635 on the hourly chart of gold. Gold Price Technical Analysis On the hourly chart of Gold, the price formed a base above $3,500. The price remained in a bullish zone and started a strong increase above $3,550. There was a decent move above the 50-hour simple moving average and $3,620. The bulls pushed the price above the $3,640 and $3,650 resistance levels. Finally, the price climbed to a new all-time high at $3,674 before there was a pullback. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,511 swing low to the $3,674 high, and the RSI declined below 50. Initial support on the downside is near $3,635 and the 50-hour simple moving average. There is also a key bullish trend line forming with support at $3,635. The first major support is near the 50% Fib retracement at $3,592. If there is a downside break below $3,592, the price might decline further. In the stated case, the price might drop toward $3,575. Any more losses might push the price toward $3,510. Immediate resistance is near $3,655. The next major hurdle for the bulls is $3,675. An upside break above $3,675 could send Gold price toward $3,688. Any more gains may perhaps set the pace for an increase toward $3,700. 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:XAUUSD
by FXOpen
1
High-Level Consolidation: A Playground for Both Bulls and BearsToday, I clearly predicted that "cyclical patterns suggest a 600-pips drop in gold." Gold surged to around 3675 before retreating, reaching a low of around 3626, a fluctuation of 490 pips. It was very close to my expectation, so according to my trading model, I won a big victory in long and short trading today! Day Trading Results: 1. First, we shorted gold near 3658 and closed the trade at TP: 3638, for a profit of 200 pips. 2. We shorted gold twice at 3655-3656, closing the positions manually at 3647 and 3645, respectively, for a total profit of 190 pips. 3. We shorted gold in batches near 3667 and 3673, closing the trade at TP: 3650, for a total profit of 400 pips. 4. We longed gold in batches near 3632 and 3628, closing the trade at TP: 3642, for a total profit of 240 pips. Thus, today's total profit on both long and short trades was 1030 pips. I am very satisfied with today's trading model and results. As for my view on the gold market in the future, I believe that the current gold market is still in an environment of interest rate cut expectations, and the macroeconomic background still has a significant supporting effect on gold. The current bullish trend of gold has not changed, and short-term fluctuations will not affect the overall direction. Therefore, before the interest rate cut is implemented (the Federal Reserve announces its interest rate decision on September 17), gold will still maintain an upward structure. Judging from the candlestick chart, as long as gold remains above 3600, gold will remain in a bullish structure and maintain an overall upward trend. Although gold began to retreat after touching around 3675, and the bullish momentum no longer seems strong, I believe that gold has limited room for retreat in the short term. Even if the bulls no longer recover their previous strong momentum, gold is expected to maintain a high-level volatile trend, with the short-term support below at 3630-3620. If it is difficult for gold to fall below this area in the short term, gold may still hit the 3670-3680 area during the rebound. Therefore, in the next short-term trading, if gold first retreats to the 3630-3620 area, we can consider trying to go long on gold, first looking at the 3650-3660 target area；If gold touches the 3670-3680 area again during the rebound, we can still try to short gold again, and the retracement target will first look at the 3655-3645 area.
OANDA:XAUUSDLong
by PriceSniper_Steffen
Breaking Free: How Bears Can Win Back in GoldAfter touching the trend line resistance area of 3640-3650, gold fell back as expected, showing a high "doji" in the hourly candle chart and signs of stagflation. It is expected to become a market turning point in the short term. The gold market may usher in a good correction in the short term due to this technical turning point. However, we need to note that as long as gold remains above 3580, the current situation is still a strong bullish pattern, so we must pay attention to the extent of the retracement. As gold continues to rise, the current short-term support is at 3620-3610, so I think it is necessary for gold to retrace its support in this area. Once gold is supported in this area, it may rebound again and retest the high area of 3640-3650. If gold falls below the short-term support area of 3620-3610, then gold will further retrace its steps to 3590-3580, which is the lifeline of bulls and the dividing line between bulls and bears. If gold falls below the 3590-3580 area during the backtest, the current gold bull advantage will no longer exist, and the bears will likely regain control of the situation. As most long funds take profits and the market experiences panic selling, gold will completely turn into a bearish trend and fall further. At present, I still hold short position in gold, and first aim at the short target area: 3620-3610 area. Once gold falls below this area, the target area will be postponed to 3600-3590 area. I am currently holding my short position and have already realized some profits. I very much hope that gold will fall back to the target area as expected!
OANDA:XAUUSDShort
by PriceSniper_Steffen
Gold near 3500, Who Wins—Bulls or Bears?Today, after gold touched around 3437 during the retracement, it was pushed up to around 3490 again by market sentiment. The bullish momentum was extremely strong and it is currently in a strong bullish trend. According to the current gold trend, there may be room for continuation above. However, in the transaction, I have made it clear that I will no longer aggressively chase the rise of gold! First, gold has risen sharply under the influence of fundamentals, and it is difficult to follow up in time on the technical level, resulting in a technical pullback demand for gold; in addition, gold has shown obvious signs of acceleration during the rise, and the market often easily has turning points after acceleration, and although gold is in an obvious bullish trend, it is still under considerable pressure before breaking through the previous high of 3500. These are the reasons why I am unwilling to continue chasing the rise in gold. The most important point is that since the market expectations of interest rate cuts have increased, a large amount of buying has appeared to push up gold prices before the Federal Reserve announced the interest rate cut. It is very likely that the phenomenon of "buying expectations and selling facts" will occur. Therefore, in the current transaction, I do not advocate continuing to chase gold at high levels. On the contrary, in the 3475-3495 area, I will consider creating as many short positions as possible as a swing trade, and be ready to welcome gold to retreat to the 3435-3415 area at any time. Of course, because swing trading requires a certain period of time, we can still participate in intraday short-term trading during the execution of swing trading, follow the mainstream trend and try to go long on gold with the support area. The support area we must first pay attention to is in the 3460-3450 area. If gold first touches this area during the retracement process, we can consider going long on gold in intraday short-term trading. CAPITALCOM:GOLD FX:XAUUSD TVC:GOLD FOREXCOM:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by Trading-Diary_Steffen
I might be the first to start shortingAgainst the backdrop of strengthened expectations of interest rate cuts and Trump's continued tough stance, gold rose above the 3400 mark and continued to above 3410. The upward momentum was relatively strong and market sentiment was optimistic. But the more this happens, the more dangerous it feels! In fact, from a short-term perspective, the foreseeable target area above is: 3415-3425 area, which has only 100-150pips of room for growth from the current gold price. So I think there is no need to continue chasing long gold for the time being. From the current structure, although gold is in a fluctuating upward structure, the trading volume is gradually decreasing after gold broke through 3410, proving that as gold continues to rise, the market has gradually become more cautious. Judging from the candlestick pattern, the trend line constructed from the highs of 3500 and 3440 is currently facing resistance near 3415, while the resistance of the trend line constructed from 3452 and 3440 is currently near 3425. Therefore, the current more obvious resistance area is in the 3415-3425 area. In comparison, there is a larger retracement space below, firstly in the 3395-3385 area, and then in the 3375-3365 area. Therefore, at this stage, I will no longer aggressively chase the rise of gold; instead, I will start shorting gold in batches above 3410, and then patiently wait for gold to retrace!
OANDA:XAUUSDShort
by Trading-Diary_Steffen
Explosive Rally Ahead: Gold Eyes a 3400 BreakoutThere is no doubt that as long as gold is above 3350, the current gold market will maintain a strong bullish structure. After today's sideways trading, gold has clearly established a support platform in the 3370-3360 area. Although it has repeatedly fallen back under pressure in the 3380-3390 area, it has rarely fallen below the short-term support platform of 3370-3360. In addition, the candlestick charts have repeatedly shown long lower shadows, proving that the buying momentum is strong and the market bullish enthusiasm is high! Therefore, in short-term trading, we can try to go long on gold based on the 3370-3360 support level. However, it's important to note that gold has repeatedly come under pressure at the 3380-3390 resistance level. If gold consistently fails to break through this resistance level during its upward trend, bullish sentiment could be affected. Therefore, gold may need to retest support before any further gains. If it falls below the 3370-3360 level during this retest, it could extend to the 3355-3350 level, which is strong support in the short term. Therefore, if gold falls below the 3370-3360 level, it could retest the 3355-3350 level, prompting bulls to launch a counterattack. Therefore, in the short term, given that gold maintains a bullish structure, I would primarily consider going long on gold. 1. Consider initiating a long position in gold in the 3370-3360 area; first, see if gold can break through the 3380-3390 area as expected. 2. If gold retests the support area, consider resuming a long position in the 3355-3350 area.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Gold’s Pullback: Fueling the Next Surge Toward 3390-3400Today is the first trading day of this week. Gold has continued to fall since the opening, and has reached a low of around 3364 so far. Through the short-term trend, we can see that gold has insufficient willingness to continue to rise above 3400 and still faces considerable resistance. It needs more support and momentum to drive it forward before it can continue to rise. Currently, gold continues to retreat to around 3364. Has the trend of gold turned into a bearish trend? I think it's too early to draw such a conclusion! Although gold has fallen significantly, there is still strong buying support below. The 3360-3350 area has become a key support level. As long as gold does not fall below this area, the bullish structure has not been completely broken. Therefore, there is still sufficient energy for gold to continue its rebound. This decline in gold is intended to increase liquidity and accumulate more upward momentum, which will help gold stabilize at 3400 and move towards higher targets! Therefore, for short-term trading, I think we can still continue to try to go long on gold, but after all, the decline in gold has been so large. For short-term trading, we can appropriately lower the rebound expectations to the 3380-3390 area.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Gold Poised for a Surge: 3400 in Sight, 3430 Within ReachToday, gold retreated to a low of around 3350 before rebounding again, reaching a high of around 3390. During this process, we seized the opportunity to go long on gold near 3356 and closed the trade by successfully hitting TP: 3380, making a profit of 240 pips! Although gold retreated after reaching 3390, I had originally planned to short gold near 3395, but gold didn't reach that level during the rally, so our shorting plan had to be shelved. Currently, it's trading in a narrow range around 3380. Clearly, I'm not considering shorting gold after a pullback. Although gold retreated to around 3350 during the day, it did not destroy the current bullish structure of gold. In addition, gold regained the 3370-3375 area again during the rebound, and the gold bulls became even stronger. Therefore, I have now lost the desire and interest to short gold. Gold has currently reached a high near 3390. Given its current structure and strength, I don't believe 3390 is the current high. Gold is likely to attempt to break through 3400, and even has the potential to continue its rise to the 3420-3430 range. As the center of gravity of gold shifts upward, the current short-term support has moved up to the 3375-3365 area; and the relatively strong support is located in the 3360-3350 area. Therefore, for short-term trading, I prefer to start trying to go long on gold after it retreats to the 3375-3365 area, and expect gold to hit 3400 as expected, or even continue to the 3420-3430 area.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Bullish Outlook Intact: Gold Targeting 3400-3410Gold encountered resistance and retreated several times on its way to 3400, but it remained above 3370 during the pullback, perfectly maintaining the integrity of its volatile upward trend. Therefore, even though gold's upward momentum has weakened, I still believe that due to structural support, gold still has the potential to reach the 3400-3410 area, and may even continue its bullish trend to the 3420-3430 area. As gold prices rise, market sentiment tends to be more optimistic, and the price behavior reflected by the candlestick chart becomes clearer. The lows of gold continue to rise, and the highs always insist on setting new highs in the process of rising. The oscillating upward structure is particularly obvious. While greatly limiting the retracement space, it also greatly consolidates the support structure below and is conducive to further rises in gold. At present, gold has been confirmed to have stabilized above 3370, so gold may not give another chance to fall back to the 3360-3350 area. Then in the next short-term trading, the gold pullback is a buying opportunity. We focus on the opportunity to participate in long gold after gold retreats to 3380-3370. The target will first look at the 3400-3410 area, and the higher target area is in the 3420-3430 area.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Gold Bulls Unshaken, 3400 in FocusGold prices retreated from a high of 3385 today, currently hitting a low near 3358. How far will gold fall? Are the bears back in control? I'm not worried about a gold pullback, but rather a lack of one, because only a pullback can provide a good entry opportunity. Clearly, I remain bullish on gold and optimistic about it reaching the 3400 mark. Because gold fell all the way to around 3358, some voices in the market began to tout the strong return of the bears, but I remained unmoved. When many people were once in self-doubt, I was quietly taking advantage of the gold pullback to accumulate funds in batches and pick up bargains. We can clearly see that gold did not destroy the bullish structure during the decline, and as gold rebounded, the 3360-3350 area has become a dense trading area, indicating strong buying support. After the technical top and bottom conversion, it has become a relatively solid support area. It may be difficult for gold to fall below this support area in the short term. So, why has gold repeatedly encountered resistance and retreated? I believe that gold has encountered resistance and retreated in the 3385-3390 area many times in order to repeatedly test the effectiveness of support and consolidate the strength of support. It is also to increase liquidity during the retreat period, thereby accumulating more upward momentum so that gold can rise further and break through the 3400 mark. So I still hold a long position in gold, and I have not lost confidence in the gold bulls. On the contrary, I still expect that gold will be able to hit 3400 in one fell swoop after repeatedly testing the support, or even continue to rise to the 3420-3430 area.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Technical Analysis - Gold Rejected at ResistanceGold is currently trading around $3,341 after facing a strong rejection from the $3,438 resistance area. This rejection coincided with the upper boundary of the trend channel and the main resistance zone, which also aligns with the Fibonacci 0.5–0.618 retracement levels. After the rejection, price fell below the descending trendline, indicating that short-term sellers have taken control. On the downside, the immediate support sits at $3,324, which has acted as a short-term bounce level. A break below this could push gold lower toward $3,281 and potentially $3,254, which are key Fibonacci extension support levels. On the upside, the immediate hurdle is at $3,355–$3,360 (descending trendline). A breakout above this area will be critical for any bullish recovery attempt toward $3,381–$3,394 and eventually $3,420–$3,438. At the moment, the short-term trend remains bearish because gold is trading below the descending resistance and showing lower highs. However, as long as gold holds above the $3,254 support zone, the medium-term structure remains neutral to bullish, giving bulls a chance if momentum shifts again. Last week candle is pin bar bearish candle which is showing bearish momentum at the moment. The candle shows rejection near $3,400–$3,450, aligning with the triangle’s upper resistance trendline. If gold cannot reclaim and hold above last week’s high, price may drift lower to retest support zones around $3,248–$3,150 before another breakout attempt. Note Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
OANDA:XAUUSDShort
by SibiSh
2
350pips Secured — Focus Shifts to Dip-Buying StrategyToday's trading was very successful, and the grasp of the long and short rhythm was very accurate. Today's trading situation is as follows: 1. Close the short position with an overnight entry price of around 3386 near 3380, with a loss of 60 pips, and the loss amount exceeded $6K; 2. Directly short gold near 3380, manually close the position near 3366, profit 130pips, profit amount exceeded $12K; 3. Long gold near 3356, hit TP: 3372 and end the transaction, profit 160pips, profit amount exceeded $8K; 4. Long gold near 3362, hit TP; 3375 and end the transaction, profit 120pips, profit amount exceeded $6K. Intraday trading summary: Today, the long and short sides completed a total of 4 transactions, one of which suffered a loss, but the net profit was 350pips, and the profit amount exceeded $20K. For short-term trading, I think I can submit a satisfactory answer to myself today! How to execute the transaction next? Gold started to pull back from around 3438 and has now reached a low of around 3351, with a retracement of more than 870pips. The retracement space is not small. However, gold has stabilized above 3350 and has started a technical rebound repair, and the upward force is not weak, so gold may have completed the retracement. Under the support of these two technical conditions, gold may regain its upward momentum and hit 3400 again. At present, the short-term resistance is obvious, located in the area near 3380. Once gold breaks through 3380, gold will inevitably continue to rise and hit 3400 again; but I think as long as gold stabilizes above 3350, it is not difficult to break through the short-term resistance of 3380, so gold will inevitably test the 3400 mark again; and the short-term support below is in the 3365-3355 area. Gold may still retreat to this area first during the rise in order to increase liquidity and accumulate momentum, helping gold to break through 3380 more easily. So for the next short-term trading, I think it is feasible to go long on gold in the 3365-3355 area, first looking at the target area of 3380-3390, and then 3400.
OANDA:XAUUSDLong
by Trading_Steffen
The Myth of Gold Reversals – Why Traders Keep Catching the KnifeGold is a master of deception. It shows a clean wick into a zone, but reacts just enough to pull in early buyers or sellers — then rips straight through their stops like they weren’t even there. The reversal looked real and the candles seemed perfect. But the move? It was never meant for them. This isn’t bad luck, but traders who survive aren’t trying to guess, they are the ones reading the reaction after the trap. Let’s break down how these traps happen — and how Smart Money actually operates when XAUUSD is loading a real move. 🟥 Sell Trap – The "Instant Short" Mistake Price pushes up into a clear reaction zone — maybe an OB, maybe an imbalance, a FVG, or a gap. Structure looks stretched. Traders recognize a premium zone and decide it’s time to short. The trap? Jumping in immediately on the touch, with no confirmation. This is where Gold loves to trap sellers. No M15 CHoCH/ BOS on M5 or real liquidity swept. Just a blind move and hope. Price often pulls slightly higher — sweeping internal liquidity, triggering SLs — then shows a real rejection. 📌 Here’s what needs to happen before selling: • First: look for a liquidity sweep (equal highs or engineered inducement) • Then: price must shift — CHoCH or BOS on M15 or M5 • Finally: confirmation via bearish engulf, imbalance fill, or break + retest • For experts: M1 can offer refined sniper triggers with minimal drawdown 💡 If none of this appears, it’s not a setup — it’s a trap. 🟩 Buy Trap – The "Wick Bounce" Illusion Price taps a demand zone — again, a refined OB or imbalance, liquidity zone. A long bullish wick forms. Some candles pause. It looks like a reversal. But there’s no shift.Just hovering. Many jump in long the second they see the wick. And then price breaks straight through. 📌 Here’s how to flip this trap into a real buy: • Let price sweep liquidity below the zone — signs of a purge - true wick bounce • Watch for a CHoCH or BOS on M15, M5, or even M1 • Look for a strong bullish engulf from the reactive level • Confirm via imbalance fill or price reclaiming broken structure 📍 If all that happens — the trap becomes your entry. If not? Stand down. 📊 What Smart Traders Actually Do Differently They don’t chase wicks. And never enter just because price tapped a line. IT IS ALL ABOUT READING STRUCTURE AND PRICE ACTION. Here’s how: • Mark the highest probability reaction zones — above and below current price; • Set alerts, not blind entries; • Wait for price to come into their zone and then watch what it does there; • Look for confirmation: CHoCHs, BOS, engulfing candles, FVG fills, clean rejections; • And always keep one eye on the news — because Gold reacts fast and violently when volatility hits. • Repeat this work daily until they learn how to recognize signs faster and more secure. That’s the difference between chasing the reversal… and trading the move after the trap. Because in this game, patience isn’t just a virtue — it’s survival. And Gold? Well, XAUUSD has no mercy for those in a hurry and not studying its moves day by day, month after month and so on. Learn structure and price action even if you join any channel for help if you are serious about trading this amazing metal. If this lesson helped you today and brought you more clarity: Drop a 🚀 and follow us✅ for more trading ideas and trading psychology.
FOREXCOM:XAUUSD
by GoldMindsFX
Gold is surging, can it hit 3500?Due to the trade tensions caused by tariffs and the continued conflict between the White House and the Federal Reserve, gold continued to rise, and the current highest has reached around 3438. Obviously, after gold rose strongly and broke through the 3400 and 3420 areas, the bullish sentiment of gold has been ignited. Next, we need to pay attention to whether gold can test and stand firm at 3450. Gold is currently extremely strong, and there is basically no room for retracement during the rise. As gold rises, the short-term support below has also moved up to the 3415-3405 area; and the upper side needs to pay attention to the breakthrough of the 3450 mark. If gold continues to break through 3450, then gold has the potential to challenge 3500 again; however, if gold still cannot effectively break through when it touches the area near 3500 again, the sentiment of gold cashing out and leaving the market may be stimulated, resulting in gold There may be room for retracement in the short term. If gold falls below 3400 during the retracement, the decline may continue to the 3395-3385 area. Therefore, for the next short-term trading, we can first wait for the opportunity for gold to pull back, and then consider going long on gold with the 3415-3405 area as support; if gold does not give a chance to pull back, then when gold first touches the area around 3440-3450, we can consider starting to short gold.
OANDA:XAUUSDLong
by Trading_Steffen
Don’t hesitate, a massive gold move Is brewingRefer to my previous trading idea. Gold retreated as expected. We almost caught the highest point of the day and shorted gold near 3365, and successfully hit TP: 3346, which enabled us to successfully profit 190pips in short-term trading, with a profit of nearly $10K, which is a good result in short-term trading. Currently, the lowest point of gold in the retracement process has reached around 3335, which has fully released the short energy and vented the bearish sentiment in the market. All the bad news is out, which means good news! Although gold fell from 3375 to 3335, the retracement was as high as $40, but the rising structure has not been completely destroyed. The previous W-shaped double bottom support structure and the resonance effect of the inverted head and shoulder support structure still exist. As long as gold stays above 3325, gold bulls still have the potential to attack. Moreover, after this round of retracement, the bearish sentiment of gold was vented, and the liquidity was greatly increased, attracting more buyers to actively enter the market. Gold may start a retaliatory rebound, and even touch 3375 again or even break through and continue to the 3380-3390 area. So for short-term trading, I think we can try to go long on gold in the 3335-3325 area appropriately, first looking forward to gold regaining lost ground: 3350-3360 area, followed by 3380-3390 area.
OANDA:XAUUSDLong
by Trading_Steffen
Gold still has room to pull back, be brave and short gold!Gold continued to rebound today, and we also successfully gained 150pips profit in long gold trading. However, although gold is currently maintaining its upward trend, the rebound strength of gold is not strong during the European session, and it has repeatedly touched 3375 and then fell back, proving that there is still some resistance above. In my previous trading point of view, I also emphasized that gold is under pressure near 3380 in the short term. In addition, from a technical perspective, today's intraday high is limited to 3395. So in order to dump the bullish momentum so that it can break through 3380 more smoothly, or even continue to above 3340, gold will inevitably have a retracement in the short term. So when most people in the market are still waiting for a retracement to go long on gold, I will definitely not waste the opportunity of gold retracement in vain. So for short-term trading, I will consider shorting gold appropriately in the 3375-3395 area, with the target looking at 3360-3350. After gold falls back as expected, we might as well consider going long on gold at a low level.
OANDA:XAUUSDShort
by Trading_Steffen
2
The bulls have started, aiming at 3400!Gold rose as soon as the market opened, and the highest has now reached above 3374. The upward momentum of gold is strong. It can be seen that after breaking through the recent high of 3365, its morphological structure has obviously tended to a bullish structure, and the technical form shows a "W" double bottom structure and an inverted head and shoulder resonance. The resonance of this technical structure will continue to support the continued rise of gold. At present, gold is under pressure near the 3380 area in the short term, followed by the area near 3405. At present, gold has a technical retracement near 3380, but it is difficult to destroy the already formed rising structure based on the current retracement strength. Once gold rises again, 3380 will definitely be conquered! It will even continue to the 3400-3410 area; and the area with obvious short-term support is concentrated in the 3350-3340-3330 area, so gold may still rebound again with the support of this area after the decline, and continue to rise. So for short-term trading, I would consider buying gold in batches based on the support of the 3350-3330 area, with the first target looking at 3380, followed by the 3400-3410 area.
OANDA:XAUUSDLong
by Trading_Steffen
Continue to try to find the top of the band to short goldGold maintained a slow and volatile rise structure during the day. The highest has reached 3348, and it is only a step away from 3350. Will gold continue its upward momentum as usual? In fact, it was beyond my expectation that gold could break through 3345 in the short term. According to my original expectation, the intraday high of gold was almost around 3345. Although the rebound of gold exceeded expectations, it is currently located near the resistance of 3348-3350, so I will definitely not give priority to chasing gold at high levels in short-term transactions. Moreover, gold is currently in the resistance area of ​​3348-3350. The volatility of gold has converged, and the upward momentum has declined. As gold continues to rebound and faces the key resistance area again, the bulls are relatively more cautious. In this context, this resistance area may act as a catalyst, and the bears will react, leading the decline in gold. However, as gold rebounds and the support below gradually stabilizes, we can appropriately reduce the expectation of gold's decline and adjust the decline target to the 3330-3320 area. So for short-term trading, I will still short gold based on the resistance area, trying to find a swing top in the 3340-3350 area, and look at the target area of 3330-3320.
OANDA:XAUUSDShort
by Trading_Steffen
Golden Trap: Bulls Exhausted, Bears Ready to StrikeToday, the gold market is in a stalemate between long and short positions, with the market fluctuating sideways for a long time and maintaining an overall volatile trend. Although the rebound of gold has won a respite for the bulls, the rebound of gold during the day is not enough to completely reverse the decline. I think that before the 3325-3335 area is stabilized, the bears still have spare power to dominate the market! According to the current structure, although gold rebounded again after touching 3310 during the retracement, it has retreated many times during the rebound. The candle chart is interspersed with obvious negative candle charts, indicating that the rebound strength is weak. In the short term, it is under pressure in the 3330-3340 area, and it is difficult to break through in a short time. So I think the role of the gold rebound may be to trap more buyers, so we try not to chase gold after the rebound. The area near 3310 is not a key support in the short term. 3305-3300 is the current key support area. Once the bears regain control of the situation, gold may test the 3305-3300 area again. Once it falls below the reformed area, it may test 3280 again, or even refresh the recent low to around 3270. So the downward potential of gold is not over yet. We can still look for opportunities to short gold in the 3325-3335 area and look at the target 3305-3295 area.
OANDA:XAUUSDShort
by Trading_Steffen
Don’t be too optimistic, gold may change its face at any time!Gold continued to rebound to around 3320, and it seems to have completely stood above 3300. The bulls are recovering. Should we chase gold in a big way? In fact, due to the disruption of news such as the Federal Reserve's interest rate decision and tariffs, the gold market has clearly shown the characteristics of frequent switching between long and short positions and discontinuity between long and short positions. Therefore, even if gold rebounds to a certain extent, it is difficult for the market to stand unilaterally on the bull side. In the short term, gold began to retreat from around 3366, reaching a minimum of around 3283, with a retracement of $83; and currently it has only rebounded from the low of 3283 to around 3320, and the rebound is even less than 50%. Gold bulls are not as strong as imagined; although gold continues to rebound, before regaining the 3325-3335 area, it can only be regarded as a technical repair of the sharp drop, and cannot be completely regarded as a reversal of the trend. So after the rebound of gold, gold bears may counterattack strongly at any time. Therefore, in short-term trading, after gold rebounds, you can consider shorting gold with the 3325-3335 area as resistance, and the first entry area worth paying attention to is 3320-3330.
OANDA:XAUUSDShort
by Trading_Steffen
Short gold, the bears will still counterattack after the reboundGold rebounded to the 3305-3315 area as expected, and our gold long position successfully won 360pips profit. So after standing above 3,300 again, will gold resume its bullish trend? I think that although gold has stood above 3300 again, it cannot be confirmed that the decline has been completely reversed for the time being. Relatively speaking, gold bears still have the upper hand. In the short term, gold is under pressure in the 3325-3335 area, so before recovering this area, gold bears still have repeated fluctuations, and may even test the 3305-3295 area again. So we can't blindly chase gold in trading. Before gold recovers the 3325-3335 area, gold can only be regarded as a rebound, not a reversal. So gold bears may counterattack at any time, so in short-term trading, we can consider shorting gold with the 3325-3335 area as resistance after gold rebounds. The first entry area that must be paid attention to is 3320-3330.
OANDA:XAUUSDShort
by Trading_Steffen
Gold is expected to regain bullish momentum and continue to 3360Yesterday, gold rebounded from 3296 and was able to reach around 3345. Although the process was rather painful, we have to admit that gold bulls still have the energy to wrestle with bears, and the gold market is not one-sidedly dominated by bears. As gold gradually tested and confirmed the effectiveness of support during the retracement process and then rebounded effectively, the short-term structure of gold gradually changed and began to favor bulls. After gold hit bottom and rebounded yesterday, we can clearly see from the short-term structure that gold has successfully constructed a head and shoulders bottom structure in the three areas of 3295-3244-3296 in the short term, thus playing an absolute supporting role in the structure; and in the process of repeated testing of gold, there are signs of constructing a head and shoulders bottom structure in the three areas of 3310-3296-3325 locally again. Under the effect of the structural support resonance of the head and shoulders bottom, gold may not go below 3320 again, and may even regain the bullish trend and continue to the 3345-3355 area. So I think there is a lot of profit potential in going long on gold. We can go long on gold with the 3330-3320 area as support and look towards the target area: 3340-3350-3360
OANDA:XAUUSDLong
by Trading_Steffen
Gold may need to retreat to around 3300 againYesterday, the gold rebound stopped at around 3358, and then began to retreat. After that, it even failed to stand above 3350 during the rebound process, which to a certain extent hit the confidence of the bulls; At present, gold has retreated to the area near 3330 again. Although gold has fallen slowly, the center of gravity of gold is still shifting downward in the short term, and the trading volume of gold is gradually increasing when it is falling, so I think the short position may not be over, and the 3330 area may be broken at any time; and the support area that really deserves our attention is first the 3320-3315 area, followed by the 3300-3295 area; From the current gold structure, I think gold may still test the area near 3300 again before rising. Only after gold retreats to the area near 3300, it is possible to build an A-B-C head and shoulders bottom structure at the technical level (as shown in the figure), which can also help gold build a complete and effective rising structure, so gold has the need to retreat to the area near 3300 to build a right shoulder structure. Therefore, I think shorting gold is still the first choice for short-term trading at present; you can consider shorting gold in the 3335-3355 area, looking at the target area of ​​3320-3310-3300.
OANDA:XAUUSDShort
by Trading_Steffen