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Gold is weak. Short-term short selling is recommended.Spot gold rebounded on Friday, paring intraday losses after weaker-than-expected US Consumer Price Index (CPI) data, closing above 4,100. However, it remained in a negative trend for the week, ending the previous nine-week winning streak. The weak inflation data reinforced market expectations of a 25 basis point interest rate cut by the Federal Reserve at its October 29-30 monetary policy meeting. Market sentiment improved on hopes of a easing of the Sino-US trade standoff. The White House confirmed on Thursday that US President Trump will meet with the President of Korea on the sidelines of the APEC summit in South Korea on October 30, a development that could help ease recent trade tensions. Technically, gold is showing initial signs of consolidation after a strong rebound. The short-term outlook has turned bearish, as gold prices are currently trading below the 21-, 50-, and 100-period simple moving averages (SMAs) on the 4-hour chart, suggesting fading bullish momentum. From a wave perspective, the 4-hour chart shows an ABC corrective wave pattern, with 4380 as the starting point for wave A. Currently, gold is in the stage of confirming the high point of a wave B rebound, with a high probability of a subsequent wave C decline. On the 1-hour chart, after forming a double top at 4380 this week and then retreating, the overall market is currently in a consolidation phase with a more bearish outlook. Resistance lies above 4160-4185, while support lies below 4004. Range-bound trading is expected next Monday. If there is risk-averse news over the weekend or if 4160 is broken directly, the weak trend can be reversed.
OANDA:XAUUSDShort
by Quaid_Wealth_Code
Gold is in a volatile market. Awaiting data releases.In the current market, the critical dividing line of $4,180 is not only a technical resistance level, but also a tipping point for the reshaping of market logic. The surge and pullback have become a shift in market momentum, fueled by an irrational exuberance fueled by bullish sentiment. The surge in gold prices over the past three months is essentially the product of a triple force: policy expectations, geopolitical risks, and central bank gold purchases. During this process, market sentiment shifted from cautious testing to frenzied pursuit of gains. The RSI indicator briefly crossed the overbought threshold of 80, suggesting that gold prices had broken free from fundamental support. This correction is also inevitable due to a technical correction. When gold prices reached the all-time high of $4,400, market structure shifted subtly: quantitative trading systems triggered stop-loss orders, institutional investors began taking profits, and retail investors' enthusiasm for the rally reached its peak. This pullback is not a trend reversal, but rather a temporary release of upward momentum. Like a spring that rebounds after being compressed to its limit, the market needs to oscillate through fluctuations to clear floating chips and accumulate energy for subsequent breakthroughs. The market is currently in a fundamentals "information black hole." The US government shutdown has delayed the release of key data such as the non-farm payroll report and CPI, creating a "policy expectations vacuum." In the absence of economic data guidance, investors are increasingly divided over the pace of the Fed's rate cuts. However, central bank gold purchases and geopolitical risks have limited downside potential, creating a volatile market with a "bottom and a ceiling." In the short term, gold will maintain a volatile pattern centered around $4,180. Quaid recommends buying low and selling high within the $4,180-$4,000 range, monitoring Fed policy signals and geopolitical developments. We should also be wary of data shocks after the US government shutdown ends and the risk of a sudden easing of geopolitical conflicts. A break below $4,000 could trigger a technical sell-off. Thus, short-term traders seek certainty amidst volatility. The current volatility in the gold market is essentially a technical correction within the bull market, not the end of the trend. The $4,180 level marks both a battleground for bulls and bears and a starting point for reconstructing market logic. For investors, remaining patient amid volatility and seeking certainty amid disagreements may be the best strategy to deal with the current market. The last trading day of the week, coupled with the release of CPI data, marks the first major data release since the US government shutdown, potentially triggering significant market volatility. Strategy implementation will remain in place until the CPI data is released. I will update the strategy in the channel after the data is released.
OANDA:XAUUSD
by Quaid_Wealth_Code
Gold remains volatile. Choose an entry point.Gold experienced a dip on Wednesday, falling to 4004 before rebounding. It tested resistance near 4162 before falling again during the European trading session. It retreated twice to around 4010 during the US trading session before recovering above 4100 at the end of the day. Judging from the gold market's rhythm on Wednesday, despite some twists and turns, the main structure remained within the moving average range. The 10-day moving average provided strong support, while the 20-day moving average, at 4020 and 4000, formed a support band that effectively provided a short-term bottom. If gold continues to fluctuate and consolidate in the last two trading days of this week but does not fall below 4000, it could indicate a continued upward trend. If supported by positive fundamental news, gold could experience another short-term uptrend. If 4000 points falls, panic selling by bulls could intensify, potentially leading to further declines in gold prices in the short term. This could also create the risk of a stampede caused by a sell-off by bulls. Currently, the weekly MA5 remains near 4000, but the 20-day moving average has risen to 4035. In the short term, focus on the area around 4035, with the 4000 mark remaining the key level. On the upside, focus on the current intersection of the 5- and 10-day moving averages, around 4170-4180. From the 1-hour chart, there will also be some short-term resistance above 4145, so the approximate short-term range is expected to be between 4000 and 4180. A smaller range of 4035-4145 is also expected. In addition, the US September CPI inflation data, due to be released this Friday, is attracting much attention. If the report shows higher-than-expected inflation, it could boost the US dollar in the short term and put pressure on dollar-denominated gold prices. In the short term, we recommend going long around 4110, with a stop-loss at 4100 and a profit range of 4140-4160. Short-term resistance at 4160 has been persistent, so consider a short position with a profit of 30-40 pips.
OANDA:XAUUSD
by Quaid_Wealth_Code
1
Is the correction over? Bearish resistance levels are expected.Gold's decline intensified during Wednesday's US trading session, partly due to silver's earlier break below $50, which dampened overall sentiment for precious metals. Overall, this decline was primarily driven by profit-taking and a technical correction. Gold has been fluctuating above the 4,000 mark for the past two days. After these two days of volatile decline, the 4,000 level is crucial for mid-term strategies. Thursday's Asian session saw slight fluctuations. If the European session sees a rebound, prices could rise again to test 4,130, followed by yesterday's high of 4,161. Therefore, continued strength in the European session is a prerequisite for the US market. Focus on resistance at 4,130 during the Asian session, and watch for resistance at 4,160 after a breakout. Trading strategy: Short around 4130, stop loss at 4140, profit range 4060-4050. If it breaks through, watch for resistance at 4160 and try to trade again.
OANDA:XAUUSD
by Quaid_Wealth_Code
2
A game for the brave. Please participate.Amidst the surging tides of the trend, every ship appears adept. But the true test isn't speed, but staying at sea. Survival is more important than success. Respect the market. Quaid hopes everyone can maintain a steady pace amidst volatility and reap their own wave of wealth. Gold prices retreated after reaching a high of 4381 on Monday. Early analysis indicated a potential "double top" pattern. Based on the previous daily fluctuations of around $100, initial expectations suggested a range-bound market fluctuation of 4381-4270. However, the actual trend far exceeded expectations. Prices plummeted from the 4381 high, triggering a sell-off, with the largest single-day drop reaching $300. This market action further demonstrates market uncertainty. Quaid advises everyone to maintain a cautious approach and strictly set stop-loss orders, whether long or short. A sharp decline is always preceded by a rebound. Prices declined in early Asian trading, not incrementally. Irrational declines will eventually reverse. Don't be intimidated by the market at this time. Don't trade with a normal mindset. Position management is paramount. A 10-point stop-loss is completely unbearable right now, so reduce your position size to about one-third of your normal size. When the market plummets or soars, you can open positions in batches to keep the total transaction loss within the controllable range of the account. For short-term trading, you can enter short positions around 4130. I'll update specific trading strategies on the channel, so stay tuned.
TVC:GOLDShort
by Market_Trader1
Gold Plunges — Buying Opportunity EmergesThe strength of the bears eventually caused the price to fall below 4100. After touching 4080, the volatility decreased. I believe that at this point, everyone should know how to trade next. That's right, it is to go long, but pay attention to position control to avoid directly overweighting. It is safer to buy in batches, because the bottom cannot be formed all at once. The probability of this is relatively small. During the rebound, pay attention to the resistance in the area around 4180-4200/4250. If there is a strong and rapid rebound, the price will most likely have some retracement. Therefore, if you are doing short-term trading, you should pay attention to controlling the target. Mid-line trading may also be a roller coaster, but the overall direction should be correct. However, you should also pay attention to the risks. That's all for today.
FOREXCOM:XAUUSDLong
by China_MsWang
Gold is trending, focusing on the 4300-4320 range.On Tuesday, the early Asian session began to confirm resistance at 4375-4372, before rebounding and finding resistance at 4355. From here, a sweeping decline began, with the final acceleration occurring at 4344. We had already entered a short position in the 4340-4337 area. The price then experienced a $100 decline, accelerating to the 4244 area. The price fell from 4375 to 4244, marking another significant decline, and the European session saw a sharp drop of nearly $100. Watch the following trends in the short term: The dual-line channel corresponds to 4260, then 4295-44300, and finally 4302. The price broke below the upper limit of the 1-hour chart at 4268. After confirming support at 4220 in the European session on Monday, the price began to rise. However, it has currently broken down. If the US market continues to experience resistance, there is room for further decline in the short term. The first resistance area is 4280-4285, and the second resistance area is around 4300-4320. If the price breaks above 4325, pause shorting and wait for resistance to enter. The price just rebounded to around 4278, but is now under pressure below 4280 and continuing to decline. In the short term, monitor the rebound's strength and wait for the next resistance level before considering shorting. The support level is around 4245, followed by 4225. I will post more real-time strategies in the channel, so stay tuned.
OANDA:XAUUSD
by Market_Trader1
1
Gold has resumed its upward trend. Choosing the right entry poinGold prices rebounded over 2% on Monday, recouping Friday's losses, driven by market speculation that the Federal Reserve will continue its easing cycle next week. A weaker dollar and falling Treasury yields led to a sharp rebound in gold after hitting a daily low of $4,219/oz. Gold hit a new high of 4,381.4 in US trading on Monday, forming a short-term double top with last week's high of 4,380. Gold prices are currently stabilizing at the 5-day moving average. The current trend suggests a bullish outlook. A certain degree of price pullback during the uptrend offsets the earlier bullish trend, solidifying the upward trend. The current trend is a pullback in the Asian session followed by a second rise in the European and American markets. We must adapt to this trend and choose the right entry points amidst market fluctuations. From the 1-hour chart, in the short term, pay attention to the high pressure of 4380-4385, and pay attention to the first support level of 4320 below. This position is the middle track of the Bollinger band and also overlaps with the MA20 moving average. Secondly, pay attention to the MA30 moving average near 3295. Short-term Trading Strategy: Buy stocks in batches when the price retreats to around 4315-4320, with a stop-loss of $10. Profit range: 4360-4380. If the upward trend fails to break through resistance for a long time, try shorting with a small position at the high point, with a profit of 20-30 pips. I will post more real-time trading strategies in the channel, welcome to communicate.
TVC:GOLD
by Market_Trader1
Gold Weekly Review — Historic Volatility & Next Week’s Key LevelThis week, gold experienced a historic level of volatility, a truly remarkable movement that left many traders astonished. During the session, prices tested the 4200–4180 support zone for the first time. The nearly $200 decline effectively released the heavy selling pressure that had been building up in recent days, while also creating new opportunities for bullish entries. As expected, once prices entered the support region, they rebounded strongly, closing above 4250 with a recovery of nearly $70 (all of which I had clearly indicated in advance). From the 30-minute chart, the candlestick structure still suggests further upside potential. However, given the weekend uncertainty, any unexpected bearish news could trigger a pullback when markets reopen on Monday. If no major negative developments occur, bullish momentum may continue to drive gold higher. Resistance is likely to be concentrated around the 4280–4300 zone — once price enters this region, both short-term buyers and trapped long positions may start adjusting their holdings, which could increase the likelihood of a short-term correction. On the 4-hour chart, this nearly $500 rally has just completed its first test of the MA30 support. The MA5 (near 4270) currently acts as the key resistance, followed by MA10 (around 4292). If during consolidation, the price can hold above MA20 (around 4246), it will likely attract renewed buying interest, potentially driving prices back toward 4380 or even higher. Conversely, if prices remain under pressure and fail to stay above the MA20, attention should shift to the MA30 support. A break below this level could open the way to a test of the MA60(near 4100). Therefore, for next week’s trading, these levels will be our key focus points. As I mentioned earlier this week, the medium-term long positions have been closed, and we will wait for new opportunities to emerge. If the market drops toward 4100 or even lower, I will consider re-entering long positions from those lower levels. A friendly reminder — always align your trading strategy with your own risk tolerance and financial situation. Medium-term setups require patience and strong risk-bearing capacity. If your current condition doesn’t allow for that, please avoid blind following to prevent unnecessary losses. Lastly, note that gold still has two unfilled gaps around 4019–4024 and 3887–3898. If the trend turns bearish, these gaps may present potential trading opportunities. That’s all for today. We’ll discuss specific intraday trading opportunities when the market opens. If you have any questions or need guidance, feel free to leave me a message.
FOREXCOM:XAUUSDLong
by China_MsWang
1
Gold prices fluctuate. Betting on extraordinary rate cuts.Precious metals continued their previous surge last week. Gold set new records for five consecutive days, reaching a high of nearly $4,380, a new all-time high. The ongoing US government shutdown, the Federal Reserve's renewed interest rate cut cycle, high debt levels, escalating Sino-US trade frictions, and the ongoing Russia-Ukraine conflict continue to fuel demand for gold as a safe haven, de-dollarizing, and asset allocation. Last Friday, gold also fell sharply by nearly $200 to a high of around 4380, and hit a low of around 4188. Despite the sharp market decline, the price still rose by nearly 6% last week, marking its ninth consecutive week of gains. Mainly due to the bad loan problems of two US banks, global demand for safe-haven assets has surged. From the daily chart, gold is still maintaining a slight upward trend. Last Friday's pullback coincided with the MA5 support level. This is most likely the maximum extent of gold's pullback. A complete shift from a bullish to a bearish trend is currently difficult. At the very least, it must first fall below the MA5 moving average before there will be further room for retracement. As it remains above the moving average and there is no particularly negative information for gold, the trend may continue to remain at a high level. From the 1-hour chart, the Bollinger Bands are gradually narrowing, and prices are likely to remain range-bound. Current support lies near the lower Bollinger Band at 4215, while upward pressure is expected in the 4270-4280 range. Although prices fell below the lower Bollinger Band last Friday, they subsequently rebounded. This trend continued in the Asian session on Monday, reaching near the middle Bollinger Band. Prices are still holding above the lower Bollinger Band and trading at a high level. Overall, the trend remains relatively strong until the price breaks below 4215. With prices trading above this level, buying on dips in the short term is still a viable option. More real-time trading strategies are being released in the channel, so stay tuned.
TVC:GOLD
by Market_Trader1
Watch Support at 4200–4180, Focus on Buying at LowsGold witnessed a historic level of volatility today. Setting aside the impact of the U.S. jobless claims data, the main factor behind the sharp move was the continuous price surge that built up heavy selling pressure. As prices climbed higher, market sentiment turned extremely fragile—any small piece of news triggered panic selling, causing the market to collapse rapidly. Currently, gold is approaching the 4200 level, with an intraday drop of nearly $200. From a short-term technical perspective, there is a need for gold prices to rebound, so the immediate trading bias can lean toward buying on dips. Pay close attention to the strong resistance near 4300, and the minor resistance around 4355, which has moved down from 4360. Remember, profitability in trading is a long-term process—steady and consistent gains are the true path to success. The market is now extremely sensitive, like a frightened bird, where even the slightest disturbance can trigger large fluctuations. Avoid the mindset of trying to get rich from a single trade, and focus instead on patience and discipline. Also, since it’s Friday, keep in mind that the weekend brings a high level of uncertainty in terms of geopolitical or economic news. Plan your trades wisely and ensure proper risk management. Wish everyone a smooth weekend and successful trading!
FOREXCOM:XAUUSDLong
by China_MsWang
Interest rate cuts and safe-haven support gold. 4,400 is unstoppInformation Summary: Spot gold surged strongly in early Asian trading on Friday, surging over 1.2% to a record high of $4,379.38 per ounce. Gold prices have risen nearly 9% this week and are expected to continue rising for nine consecutive weeks. This surge is primarily driven by strong market expectations of Federal Reserve rate cuts in October and December, coupled with a surge in SPDR gold holdings, which has boosted bullish sentiment. In addition to monetary policy expectations, multiple positive factors are fueling gold's upward momentum. The risk of a US government shutdown and the tense international trade situation continue to attract safe-haven funds to gold. At the same time, the continued gold purchases by central banks of many countries around the world and the long-term trend of "de-dollarization" have fundamentally consolidated the support for gold. Amidst increasing geopolitical and economic uncertainty, gold's safe-haven properties are becoming more prominent, and analysts believe that a challenge to the $4,400 mark may be just around the corner. Market Analysis: Technically, after a strong breakout above key resistance at $4,200, gold is now approaching the psychologically important $4,400 level, maintaining its short-term bullish trend. The trading strategy recommends focusing on whether the market can continue to be strong, but be wary of the risk of profit-taking at high levels. A conservative strategy should prioritize buying on dips, with the key support range moving up to $4,310-4,300. If prices fall back to this area and find effective support, it would be a good opportunity to go long with the trend, targeting a new high of $4,400. However, it is crucial to note that an unexpected break below $4,300 could trigger a significant technical correction, potentially leading to a deeper correction towards $4,250. Therefore, caution is advised when pursuing long positions at current highs, with strict stop-loss orders in place. Trading strategy: Buy stocks in batches when the price dips back to the 4320-4315 range. Set a stop-loss at 4310. Profit range: 4360-4370-4390.
OANDA:XAUUSDLong
by Market_Trader1
Bulls are taking off. Please maintain your bullish strategy.Gold rose steadily after the Asian market opened on Thursday, reaching a high near 4242 before retreating. It reached a low near 4203 before continuing its advance, a so-called symbolic pullback. The magnitude of this move does appear to be favorable, offering traders an opportunity to enter the long position. However, this strong market also creates confusion for traders. Going long during the rally fears a price correction, while going short fears continued bullish momentum. Current trading is heavily influenced by luck. The US market continued its upward trend on Thursday, reaching a high near 4330. The strength continued in early Asian trading on Friday, reaching a high near 4380. Amidst this frenzied market, all we can do is patiently wait for a pullback before entering the long position. After all, conservative trading is more rational at this point. Support below is near 4315, a peak-to-trough reversal point. This level can also be considered as a short-term entry point. Faced with the absolute dominance of bulls, the market has become somewhat helpless, and continuing to chase long positions carries the risk of a pullback. Quaid recommends strictly controlling stop-loss orders to avoid significant losses from a deep price correction. Trading Strategy: Go long on a pullback near 4315-4310, with a stop loss at 4305 and a profit range of 4380-4390. Aggressive traders can enter the long position after a 20-point pullback, but please consider your trading capital carefully before entering.
OANDA:XAUUSDLong
by Market_Trader1
1
Gold breaks through again. Watch for entry opportunities.Information Summary: Gold continued its upward trend in early Asian trading on Friday, reaching a new all-time high of 4,380. Trade tensions, the ongoing US government shutdown, and bets on a Federal Reserve rate cut all fueled gold's gains. Furthermore, a plunge in US bank stocks dragged down US stocks, fueling risk aversion that further accelerated gold's upward momentum. Concerns about the credit quality of the US economy and escalating friction over tariffs have also boosted demand for safe-haven assets. Furthermore, the renewed conflict between Russia and Ukraine, with the US supplying Tomahawk cruise missiles to Ukraine, has heightened gold's safe-haven appeal. In an era of heightened global uncertainty, gold remains an asset worth watching. Traders are advised to closely monitor market expectations for the Federal Reserve meeting, news related to the international trade situation, and geopolitical developments. Market Analysis: Gold is hitting new highs daily. Recently, I've been reminding everyone to buy on dips. The bull market remains strong. On Thursday, the price surged by $177, reaching a high of 4380. If the market continues to break through 4400, the next target will be 4450. Gold bulls remain firmly in control, extending their record-breaking rally with no signs of fatigue. The 1-hour chart shows no significant pullbacks. In the short term, gold trading above 4300 is considered strong. Continue buying gold even if it retreats. Patiently wait for opportunities. Trading strategy: Short-term gold long position at 4310-4315, stop loss at 4300, profit range at 4370-4390; Key points: First support level: 4335, second support level: 4310, third support level: 4300 First resistance level: 4380, second resistance level: 4400, third resistance level: 4428
OANDA:XAUUSDLong
by Market_Trader1
Gold hits a new high. Go long on a pullback to 4180-4190.Gold continued its upward trend for the fifth consecutive day, with the current price approaching 4250 points as global anxiety persists. Investors are concerned about the economic risks posed by the US government shutdown, international trade wars, and escalating geopolitical tensions, which continues to drive flows into the traditional safe-haven asset of gold. Traders now appear to have almost fully priced in the possibility of two more US Federal Reserve rate cuts this year. This has pushed the US dollar to a one-week low and bolstered the case for further near-term appreciation in gold. Meanwhile, gold bulls appear unfazed by extremely overbought conditions on short-term charts. This further validates the commodity's positive short-term outlook ahead of speeches by several influential Federal Open Market Committee (FOMC) members. Although the bullish trend is quite obvious, it is difficult to keep track of the entry point in real time. The recent price increases are almost all in a straight line. Trading during the rise is risky but suitable for the current market. However, a more stable transaction is to wait for the price to pull back before going long. From the current technical perspective, the Asian market rose in the early morning, and rebounded strongly after a slight correction in the European session. The short-term strong support is around 4180. It is relatively stable to go long at this price. The upward point should focus on 4060 and above. Of course, you cannot guess the top. It should be noted that if there is an unexpectedly large adjustment space, you can pay attention to around 4160 below.
OANDA:XAUUSDLong
by Market_Trader1
Continue to go long. When to enter?Gold started to rise steadily in the early Asian session on Wednesday, reaching a high of around 4218 but unexpectedly fell back quickly. It reached a low of 4164 and continued to rebound rapidly, and then has been fluctuating around the 4180-4200 range. It continued to rise after opening on Thursday, setting a new high. The current high has reached around 4242. The strong upward trend is also the basic operation in the near future. However, the sudden and unexpected drop amidst this steady upward trend has left the market feeling somewhat frustrated and has discouraged many traders from chasing the gains. In the short term, gold's volatility in the US market may be accumulating momentum for the next round of bullish gains. The daily chart remains strong, making it difficult to predict the top. Judging from the recent market performance, all pullbacks are traps set by the bulls, and the bulls are currently continuing to consolidate above 4230. Quaid recommends waiting patiently for the pullback before continuing to go long. In the short term, buy around 4210-4205, with a profit range of 4240-4250 and a stop loss of 4195.
OANDA:XAUUSDLong
by Market_Trader1
1
Is the bull market over? Here's the strategy.Information Summary: Gold continued its upward trend in early Asian trading Thursday, reaching a new all-time high near $4,226. This was primarily due to growing bets on a Fed rate cut and geopolitical concerns, which led investors to flock to the safe haven of gold. In addition, Fed Chairman Powell's dovish stance and the Beige Book, which revealed concerns about stagflation, boosted demand for safe assets. So far this year, gold prices have risen by over 60% due to geopolitical uncertainty, expectations of a Fed rate cut, central bank purchases, and strong inflows into ETFs. Market Analysis: Gold maintained its bullish trend, reaching a new all-time high on Wednesday, breaking through the 4,200 mark. The daily chart shows continued bullish momentum with strong volume. The 10-day moving average (MA) and 7-day moving average (MA) continue to form a golden cross, with the 5-day moving average moving upwards towards 4,140. The RSI indicator remains in the overbought zone, above 80. Bollinger Bands on the 4-hour and 1-hour charts are opening upwards, indicating that the price is trading within the upper mid-range range. The current gold bull market isn't over yet. Each sharp drop is merely a correction. Until the bullish trend ends, the top pattern remains undetermined, so avoid blindly guessing the top. It's important to note that recent trends have all been new highs in the Asian session, declines in the European session, and sideways fluctuations in the US session. The trading strategy remains to buy on dips. Key Points: First Support Level: 4190, Second Support Level: 4175, Third Support Level: 4160 First Resistance Level: 4235, Second Resistance Level: 4240, Third Resistance Level: 4250
OANDA:XAUUSD
by Market_Trader1
1
Gold — High Consolidation, Beware of a Sharp DropGood morning! Yesterday, gold fell back near 4220 and tested the support near 3176 several times during the session. During the US trading session, the support moved up to the 4202-4196/80 area. As of now, this support is still maintained and the price has returned to above 4200. On the smaller charts, some indicators still favor bullish sentiment, but divergence has emerged on the 2H/4H charts, suggesting that the market may need to consolidate before a new round of gains can begin. Therefore, caution is crucial during trading. Therefore, in future trading, it is more advisable to sell at high levels. Trend-setting bulls should wait until consolidation is complete before entering the market. Important Support: 30M: Near 4185. Focus on the 4180-4176 area. 1H: Near 4157. 4H: Near 4137, followed by the 4107-4088 area. In the current environment, we cannot guess the top, but based on the technical pattern, if the price is higher than 4230, we should be cautious in chasing the rise. It is recommended to look for selling opportunities. In the current market, it is better not to trade than to blindly follow the trend. Once there is no news support, from the technical pattern alone, adjustments may occur at any time, and the amplitude is expected to be large, so everyone should be prepared to deal with it.
FOREXCOM:XAUUSDShort
by China_MsWang
Prices remain high. The bullish trend remains intact.The overall market remains bullish, and pullbacks present opportunities for buying. Gold, as expected, broke through the 4200 level today before quickly falling and rebounding. From a technical perspective, gold has risen strongly and quickly corrected its price after setting a new high, but it still received support from buyers at low levels, and the price rebounded quickly after hitting a low of 4164. The 1-hour chart shows that it is in a flag-shaped consolidation pattern, and the support level is moving steadily upward. Key support has now risen to $4180. As long as gold prices hold above this level, the uptrend remains intact. The moving average system continues to form a golden cross and diverge in an upward bullish arrangement. The bullish momentum of gold still exists and continues to maintain a strong pattern. The 4-hour chart has effectively broken through the previous range of resistance, with the next key target near $4230. Quaid recommends placing long positions above 4180, with targets potentially moving towards 4230-4250.
OANDA:XAUUSDLong
by Market_Trader1
Gold surged and then retreated. Latest Analysis.On Wednesday, gold continued its recent record-breaking run, finding buying support for the fourth consecutive trading day. Against a backdrop of favorable fundamentals, gold prices hit a new all-time high of $4,218.19. Persistent geopolitical tensions, escalating trade frictions, and market concerns about a prolonged US government shutdown have all contributed to the key factors supporting this surge in safe-haven assets. It is important to note that despite technical indicators indicating overbought conditions, gold bullish momentum has not weakened, suggesting that the path of least resistance remains upward and the recently established upward trend is likely to continue. In early Asian trading, gold bulls stabilized in the 4,140 area and re-energized, breaking through the record high of $4,200. Until there is a clear signal of a peak, do not blindly guess the top location. In the short term, a buy-on-low approach is recommended, with key support focused on the intraday low and the short-term uptrend support from 4,090. The first resistance level to watch is around 4210-4215, followed by 4240. Support is expected to be around 4180-4160. For gold, a short-term strategy is to buy on pullbacks. Trading strategy: Buy gold in batches on pullbacks between 4180-4160, with a stop-loss of $10. Profits are expected to be above 4200.
OANDA:XAUUSD
by Market_Trader1
2
Gold is strong. 4200 is not far away.Gold continued its upward trend after the Asian market opened on Tuesday. It reached a high near 4180 in the European session before plummeting, quickly falling back to around 4090 before continuing its upward trend. This marked a distinct bottoming-out and rebound pattern, causing significant market volatility. Wednesday's Asian market opened with a continuation of Tuesday's trend, reaching a new all-time high near 4191, once again approaching the 4200 mark. Gold's current pattern makes bears vulnerable to the powerful bulls, leaving short-term bears in despair. Gold continues its upward trend, with a remarkably strong daily chart, giving the market continued hope for a bullish outlook. The previous gains were excessive, and any pullback would be far greater than we had anticipated. Tuesday's drop is a case in point. Although it was merely a market correction, it led many traders to believe the bull trend was over. However, this was not the case. The price pullback merely provided an opportunity to go long, and the bravest traders are already enjoying the rewards. Overall, the current trend remains strong. Barring any negative news regarding gold, the overall strategy remains to buy on pullbacks, with an eye on new highs. Trading Strategy: Go long on pullbacks near 4150, with a stop-loss at 4135. Profit range: 4080-4190-4200. For aggressive trading, go long in batches between 4160-65. When the price first hits 4195, you can try shorting with a small position, which can yield a profit of 15-20 pips.
OANDA:XAUUSD
by Market_Trader1
Gold hits new highs again. Latest analysis.Gold prices continued their upward trend in early Asian trading on Wednesday, reaching new highs. After hitting a record high of 4179 on Tuesday, bullish profit-taking triggered a nearly $90 drop, reaching as low as 4090. Although prices retreated below 4100, bargain-hunting quickly helped gold extend its upward trend. Gold's continued rise is driven by a combination of safe-haven demand, the Federal Reserve's dovish shift, and a weaker dollar. Factors ranging from the trade war to falling bond yields and the dollar's decline in the foreign exchange market are pushing gold prices toward higher peaks. In the short term, the international trade situation may be a key variable; if signals of a reconciliation emerge, gold prices could experience a correction. Gold's trend structure remains intact, with the daily chart closing in a bullish trend. The 10-day and 7-day moving averages remain upward, retreating close to the 5-day moving average at 4083 on Tuesday. After stabilizing at 4090, prices regained support. The short-term chart maintains an intact ascending channel, with the Bollinger Bands opening upward and the price extending along the upper middle band. Trading Strategy: Go long near 4145, with a stop-loss at 4130. Profit range: 4180-4200. Short with a small position if the price first touches 4195, with profit targets focused around 4150. Key Levels: First Support: 4135, Second Support: 4110, Third Support: 4090 First Resistance: 4185, Second Resistance: 4195, Third Resistance: 4200
OANDA:XAUUSD
by Market_Trader1
Bullish on gold. A recurring profit-taking?Federal Reserve Chairman Powell delivered a speech at the National Association for Business Economics in Philadelphia, his first public appearance at a major Fed meeting since last month's policy meeting. The previous meeting revealed significant disagreements among officials on the timing and magnitude of future rate cuts, and Powell's remarks are seen as a crucial moment to fine-tune expectations. Gold prices are consolidating around the 4090-4145 range in the short term, with the 1-hour Bollinger Bands gradually flattening, suggesting another short-term trend shift. Quaid recommends paying attention to the short-term resistance level of 4150. If the price breaks through 4150 strongly, the Bollinger Bands will open upward again and the price may create a new high again. As gold continues to rise strongly, Quaid recommends that the bullish strategy is to go long at 4100-4090, which is a more stable option. The recent volatility is large, so it is better to go long at low levels and establish positions in batches at multiple points to avoid unexpected events that may cause trend changes. If the price breaks through 4150 with great strength, you can still go long when waiting for gold to pull back to around 4140-4130. The profit range is 4180 or above.
OANDA:XAUUSD
by Market_Trader1
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