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Xauusdsignal

Gold Technical Analysis (XAU/USD# Gold Technical Analysis (XAU/USD) On the 30M chart, several important factors suggest a potential correction: 1️⃣ The **Green Trendline** has been broken, with the key level at **3471**. 2️⃣ A possible **Retracement of the bullish leg** is aligned around the **3480 zone**. 3️⃣ The **Inducement structure** also confirms this corrective scenario. 🔻 With these confluences, the probability of a pullback towards the **3480 region** increases, marking it as a critical demand/retracement area. --- 📉 **Trade Idea (Educational):** - **Entry:** 3585 - **Take Profit 1:** 3575 - **Take Profit 2:** 3555 - **Take Profit 3:** 3525 --- 📊 **Key Levels to Watch:** - 3471 (broken trendline) - 3480 (retracement target) - 3323 (deeper correction zone) ⚠️ This outlook and trade idea are for educational purposes only, not financial advice.
OANDA:XAUUSDShort
by mmozafari1357
Gold hourly outlookHello, good day, 1H timeframe and personal outlook along with invalidation levels: The structure is still bullish; we are at the liquidity high, and the 1H buyers’ TP has not yet been touched. (As long as the 1H candle does not close and confirm below 3548, the defined TP for 1H buyers will remain 3606). Therefore, it can be assumed that from the marked breaker block zone, or with a slight hunt around the 3553 area, a buy trigger could appear for a liquidity grab at the high. For the invalidation condition: if the 1H candle comes from any of these three support zones toward the high, it should not close above 3600–3606. If it only hunts liquidity, then we can consider the continuation of the move down to the internal liquidity hunt (internal choch). From there, one could again look for a buy trigger, with the 3503 level under the internal choch acting as support. Personally, I’m watching the breaker block, 3553, and 3543 for buys at the beginning of next week to see how the market reacts to the high
FOREXCOM:XAUUSDLong
by kinshinreza
Market Review. Next Week's Analysis.Gold's performance this week is consistent with last weekend's analysis. Driven by Friday's non-farm payroll data, gold hit a high of 3600. By the close of the week, gold reached a high of 3600 before fluctuating and retreating to around 3586. Gold still shows no signs of a significant unilateral decline, and bulls remain strong. Next week, we will continue to maintain a long-term strategy on pullbacks. Considering the 3600 high reached before the close, if bulls continue to push upward, the 3600 resistance level will be difficult to withstand the bullish momentum. Stabilizing above 3600 is only a matter of time. However, pullbacks may be necessary to build momentum during the upward push. Gold's performance this week saw a high of 3600 before fluctuating and retreating. Support below is expected to be around 3555-3360, followed by 3535-3345. The short-term bullish trend line has moved up to around 3530. With prices trading above 3530, maintain the "train long" strategy and avoid counter-trend short positions. Quaid wishes everyone a happy weekend and see you next week.
FX:XAUUSD
by Market_Trader
Gold Targets $3,600 After Strong BreakoutAnalysis: Gold (XAU/USD) continues its bullish rally after breaking above the buy zone near $3,440 and holding strong momentum. The market has recently made higher highs, with price consolidating slightly below the resistance zone. Currently, gold is trading at $3,548, with the short-term target identified at $3,600. The chart suggests potential consolidation in the highlighted area before another upward push. The SMA (9) at $3,552 is acting as dynamic support, keeping the bullish bias intact. If buyers maintain control, a clear breakout above $3,552 – $3,560 could confirm a move toward $3,600 – $3,604. However, if momentum weakens, support lies at $3,511 and $3,499, with a deeper pullback possible toward the $3,440 buy zone. Overall, the sentiment remains bullish, and gold looks positioned to test the $3,600 psychological resistance in the near term.
FX:XAUUSDLong
by Pipshunter27
Gold Soars 37% YTD: Fed Cuts, Jobs Woes & Trade Setups!Hello traders! Gold (XAU/USD) has surged 37% from the start of 2025, following a 27% rally in 2024 – fueled by a weakening USD, central bank buying, easing monetary policies, and broader economic/geopolitical uncertainty. With US jobs growth slowing sharply in August 2025 and unemployment rising to 4.3%, markets are heavily betting on Fed rate cuts: 90% chance of 0.25% and 10% for 0.5% in September. Let's analyze today's (08/09/2025) volatile market and spot trading opportunities! 💰 Fundamental Analysis: Why Gold's Rally Isn't Slowing Down? 🌟 Impressive Growth: Gold is thriving in a low-rate environment amid uncertainty – non-yielding assets like this shine when rates drop and risks rise! 📈 US Jobs Factor: August data confirms a cooling labor market, bolstering Fed easing expectations and safe-haven demand. Fed Independence Drama: Trump's pressure to oust Governor Lisa Cook and push for rate cuts has triggered legal disputes, eroding USD confidence and elevating gold as a hedge against Fed interference. Standard Chartered forecasts more upside from tariff tensions and central bank concerns. Global Demand Slowdown: Top consumers China and India saw physical gold demand ease this week due to record prices – but overall sentiment stays bullish. Gold is the ultimate safe haven in this volatile setup – will the Fed deliver the cuts the market craves? Technical Analysis: Breakouts & Liquidity Sweeps – Avoid FOMO! 📉 In the early Asian session today, gold dipped to the 358x zone before a quick rebound, breaking last week's ATH resistance at 3600 and advancing to 361x. No major news drove this surge, but continuous ATHs signal rapid liquidity sweeps – watch for traps! Avoid FOMO: Target broken round levels for BUY opportunities, or structure breaks at round numbers for SELL, but be cautious of fakeouts. Key Resistance: 3614 - 3624 - 3634 - 3644 Key Support: 3597 - 3581 - 3574 - 3566 - 3560 - 3550 Trading Opportunities: Sell Scalp: 3624 - 3626 SL: 3630 TP: 3621 - 3616 - 3611 - 3606 Sell Zone: 3634 - 3636 SL: 3644 TP: 3626 - 3616 - 3606 - 3596 Buy Scalp: 3596 - 3594 SL: 3591 TP: 3599 - 3604 - 3609 - 3614 Buy Zone: 3581 - 3579 SL: 3571 TP: 3589 - 3599 - 3609 - 3619 Gold is in breakout mode, but traps lurk – wait for confirmations at key levels! If supports hold, bulls could target new highs. 📊💡 #Gold #XAUUSD #Fed #USJobs #TradingView #MarketUpdate #Forex #Investing #TechnicalAnalysis #GoldTrading #Finance #Crypto #Trump #CentralBanks
OANDA:XAUUSDLong
by Jeremy_NPC
Gold surges, beware of a pullbackGold opened slightly lower on Monday and then rebounded in a volatile manner. It has now stood above 3610. The short-term watershed of 3570 has been confirmed. Above it, it still maintains a very strong upward trend. However, it should be noted that as the upward range continues to increase, even if the strong rhythm is maintained in the future, it is likely to run in the form of a surge-fall-and-higher again. The market is moving forward in constant correction. Therefore, remember not to chase orders blindly. Even if you follow the trend, you must grasp the trading rhythm, have a plan in mind, and execute in hand. In terms of specific operations, you can consider a light position in the 3615-3625 area to tentatively short. The short-term target is the 3600 line first. If it can effectively break down, it will further look to the 3585-3580 area. During the decline, according to the strength performance, look for low-long layout opportunities and continue to follow the general trend. If there is no obvious decline before the US market, you should adjust your positions in time and wait for new signals again. Don't fight blindly.
OANDA:XAUUSDShort
by Trade-Daniel1
Gold hits a new high; check out the latest trading signals.During early US trading on Friday (September 5th), gold prices surged to a new all-time high, driven by weak non-farm payroll data. December gold futures closed at $3,641.60 per ounce (currently trading approximately $50 above spot gold), up $35.90. December silver futures closed at $41.90 per ounce, up $0.483. Today, keep an eye on two key technical levels: the 5-day moving average and the 4-hour moving average. As long as the price remains above the 4-hour moving average, the market remains bullish, so maintain a buy-on-low strategy. Even if there are short-term market fluctuations, these are merely normal corrections within the trend, presenting an opportunity to re-enter the market. The only thing we need to be vigilant about is whether the 4-hour middle track is held. If it is lost, the market may start a phased correction. However, it should be noted that any correction does not alter the overall unilateral upward trend. Latest Trading Signals: 1. Buy on a pullback to the 3575-3562 support area, targeting 3588-3593. A breakout targets 3605. 2. Sell on a rise to the 3608-3617 resistance area, targeting 3603-3595. A breakout targets 3587. Trading involves risk; manage your position appropriately. TVC:GOLD EIGHTCAP:XAUUSD PYTH:XAUUSD OANDA:XAUUSD VANTAGE:XAUUSD FOREXCOM:XAUUSD
TVC:GOLDLong
by Carl_Gindovelli
1
XAUUSD Overextended: Waiting for Retrace & BoS Before LongsAt the moment, Gold is in a very strong bullish trend 🟢📈, pushing into all-time highs 🏆. However, price is now trading in an area of very thin liquidity 💧⚠️, which carries the risk of a potential pullback 🔻 as smart money 💼 looks to tap into liquidity pools from previous levels to position long. 🔎 In the video, we break down: Price action 📊 Market structure 🧩 Some Wyckoff concepts 📚 My thoughts on trading when the market is overextended 🚀⚠️ 💡 Remember: we don’t want to buy at a premium ❌💰. The better play is to wait for a meaningful pullback ⏳ and a market structure break 🔓 before looking for long opportunities. ⚠️ This analysis is educational and not financial advice. 📚
FX:XAUUSD
by fxtraderanthony
Fearless Bulls, Straight-Line Rise – But Mean Reversion CallsLast week Gold bulls were fearless – we witnessed three all-time highs within a single trading week. The market closed on Friday just below 3600, locking in an impressive 1,500 pips weekly gain. There is no doubt: the trend remains firmly bullish. But let’s add some perspective. Even if XAUUSD were to drop 1,000 pips from current levels, that move would count as a minor correction within the dominant bullish trend. That’s how extended this rally has become. 📌 Another element supporting the correction scenario is the parabolic nature of the latest move. From the 3300 zone, the rally has been almost a straight vertical line, leaving gold strongly overextended and far away from the mean. Markets rarely sustain such deviation without at least a temporary pullback. 🔑 Trading Plan: While acknowledging the risks of counter-trend setups, I will look for short opportunities. In my view, there is more room to the downside than upside in the short term. Target for correction: 3530 confluence support zone. As always, the trend is still bullish, but corrections are part of the game. A disciplined trader must know when to step aside – and when to take the contrarian shot. 🚀
OANDA:XAUUSDShort
by Mihai_Iacob
6
XAUUSD – Weekly Plan: Bullish Bias with Key Levels Ahead MMFLOW TRADING PLAN XAUUSD Market View: Gold (XAUUSD) is moving exactly as projected in our weekly plan. After Nonfarm pushed price close to $3600/oz ATH, gold has been consolidating around the 357x–358x zone while holding the ascending trendline. Both the Daily and Weekly charts remain strongly bullish, showing no signs of profit-taking. This confirms that buyers are still in control, and the upside bias remains intact. 👉 However, with key US data (Core PPI, CPI, Jobless Claims, UoM Sentiment) coming up this week, short-term volatility is expected. Traders should watch closely how gold reacts around critical support and resistance zones. Technical Outlook (H1 Chart): Price is consolidating sideways, respecting the bullish structure. Holding above 3574–3550 keeps the bullish momentum alive, targeting higher liquidity zones at 3620–3640+. A break below 3530 could trigger a deeper pullback before buyers step back in. Trading Plan: 🔵 BUY ZONE: 3552 – 3550 SL: 3544 TP: 3556 → 3560 → 3565 → 3570 → 3575 → 3580 → ???? 🔵 BUY SCALP: 3573 – 3571 SL: 3567 TP: 3578 → 3582 → 3586 → 3590 → ???? 🔴 SELL SCALP: 3598 – 3600 SL: 3604 TP: 3595 → 3590 → 3585 → 3580 → 3570 → 3560 → ???? 🔴 SELL ZONE: 3631 – 3633 SL: 3638 TP: 3626 → 3622 → 3618 → 3614 → 3610 → 3600 → ???? Summary: ✅ Gold is respecting the bullish outlook from our weekly plan. 👉 Key levels to watch: 3592 (bullish trigger) and 3575 (bearish trigger). As long as price holds above 3550, the bias remains to the upside. Follow MMFLOW TRADING for daily updates and execution setups.
OANDA:XAUUSDShort
by MMFlowTrading
Gold prices fluctuated downward. Is the trend changing?Gold prices surged last week, hitting multiple new highs; as of Wednesday, they had risen for seven consecutive trading days, primarily driven by expectations of a Fed rate cut and risk aversion stemming from tariffs and the US economic outlook. From the 1-hour chart, gold's high before last Friday's non-farm payrolls report was around 3580. After the release of the non-farm payrolls data, gold briefly reached a high of 3600. The low of last Friday's US market pullback was also around 3580. Currently, strong support lies in the 3575-3580 range. If prices stabilize above 3575 on Monday, they could retest the 3600 high. Conversely, if gold falls below 3575, retesting Friday's pullback low, caution is advised. Most traders remain long at the Asian open on Monday, so the possibility of an accelerated market pullback cannot be ruled out. If the price stabilizes above 3575, it could still fluctuate between 3375 and 3600. However, if the pullback accelerates below 3560, the trend is likely to change. Strategy: Go long near 3575. Set a stop loss at 3560, with a profit range of 3590-3600. Short near 3610, with a stop loss at 3620, and a profit range of 3580-3570-3560.
FX:XAUUSD
by Market_Trader
Maintain bearish outlook, expecting a waterfall in the eveningAlthough the gold price has fallen slightly in the past two days and the short positions in my hands have generated certain profits, the gold price has never been able to effectively reach the ideal TP, so I did not choose to close the position. Since the price began its decline from 3578, which became a short-term high, I've executed my short trade according to my trading plan and remain in the position. Yesterday I also stated that if gold rises due to data, I will choose to increase my position, so that even if the final result is not satisfactory, we can still generate good profits through the multiple high-level short positions we hold. From a technical perspective, the market focus during the day is on the NFP data, and gold is expected to remain volatile before the data is released. The lower 3540-3530 area is an area of intensive trading in the early stage, which provides certain support for gold prices in the short term. If the NFP data tonight is bullish for gold, gold may rebound in the short term with the help of 3540-5330, but the bulls are more likely to choose to sell off after the data is released. Once gold falls below 3540-3530, it can be regarded as the start of a short-term correction trend. In the short term in the future, the lower side can be seen at 3510-3500, or even lower expectations. If tonight's NFP data is bearish for gold, then consistent with the current severe overbought nature of gold's technical indicators and the need for a correction based on a top-side divergence, gold's decline could accelerate, potentially finding support around 3510-3500 or even 3480. In short, no matter whether the NFP data is good or bad, gold needs to be adjusted. We are bearish and will definitely get good returns. Let us look forward to the arrival of the waterfall tonight.
OANDA:XAUUSDShort
by ALLEN-BOSWELL
9/8: Watch Resistance at 3594–3600, Support at 3560–3556Good morning everyone! 🔹 Key Support Levels 30M Chart: 3573–3562 1H Chart: 3571 / 3563–3556 2H Chart: 3573 / 3560–3556 / 3528 1D Chart: 3564 / 3507–3498 🔹 Key Resistance Levels 3594–3600 / 3608–3621 🔹 Intraday Trading Strategy Sell on rallies; consider buying on pullbacks to support. Last week, gold extended its upward trend, testing the 3600 area for the first time, supported by NFP data. Overall performance was moderate. The main reason was a conservative approach — focusing more on selling at resistance while cautiously buying on dips, which resulted in missing two major rallies. The profits captured from retracements were relatively small compared to the strong upward moves. The current rally has been driven largely by expectations of a Fed rate cut. However, this bullish factor now appears to be largely priced in, with gold technically in overbought territory. In the short term, risk management is crucial: avoid chasing prices at historical highs. A safer strategy remains buying on pullbacks, which may be less aggressive but significantly reduces downside risks. Ultimately, the choice of strategy depends on individual trading styles.
FOREXCOM:XAUUSDShort
by China_MsWang
Is a rate cut confirmed? Be wary of the market.Non-farm payroll data: US non-farm payrolls increased by only 22,000 in August (far below the expected 75,000), the unemployment rate rose to 4.3%, and June's data was revised downward to -13,000 (the first negative growth since December 2020), marking three consecutive months of slowing job growth. The market has pushed the probability of a September rate cut to 99%. With the release of the non-farm payroll data, a rate cut is now a foregone conclusion, with differing opinions on whether to cut by 25 basis points or 50 basis points. Gold prices remained strong this week, with the moving average system showing a standard upward divergent pattern. Recently, gold prices have consistently risen against the 5-day moving average, which has become a key short-term support line in the current market. As the market continues to move, the 3578 high has been broken, raising concerns about upward resistance. Further attention is being paid to the 3610 area. This level represents the current resistance level in the rising channel formed by the highs and lows since gold started its upward trend at 3120, and is also a level to watch next week. When gold retreats and rebounds and hits the 3610 pressure level next week, we must be wary of a market reversal. The current expectations of interest rate cuts have basically been consumed. In terms of operations next week, Quaid believes that we should gradually participate in short selling, and the key position is around 3610.
FX:XAUUSD
by Market_Trader
Gold Roadmap | Short termGold ( OANDA:XAUUSD ) created a new All-Time High(ATH) almost every day this week. How long do you think this upward trend in Gold will continue? Reasons for Gold's upward trend this week: Announcement of the US economic indexes. Geopolitical issues that occurred in the world(China meeting, possible tension between Venezuela and the US, etc.) Gold is currently moving between the Potential Reversal Zone(PRZ) and the Support zone($3,580-$3,572) . In terms of Elliott Wave theory , Gold appears to be completing microwave 5 of the main wave 3 . I expect Gold to start rising again from the Fibonacci levels and touch the Potential Reversal Zone(PRZ) . Note: If Gold breaks the Support zone($3,580-$3,572) and Support lines, we can expect further declines. Gold Analyze (XAUUSD), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDLong
by pejman_zwin
9
XAUUSD Forming Ascending TriangleXAUUSD has successfully broken above the strong consolidation zone around 3440–3480, confirming a bullish breakout from the ascending triangle structure. This breakout signals strong momentum, as price has been building higher lows for months and finally cleared resistance with aggressive buying. The current level around 3596 shows bullish continuation with buyers in control. From a fundamental perspective, gold is gaining support as US dollar strength eases and investors anticipate potential rate cuts from the Federal Reserve later this year. Increasing geopolitical tensions and rising demand for safe-haven assets are also fueling bullish sentiment. Market expectations of lower yields continue to drive capital flows into precious metals, reinforcing this breakout setup. The technical structure highlights that as long as price sustains above the broken resistance zone, we can expect momentum to push toward 3700–3800 levels in the coming weeks. The bullish candle structure and clean breakout signal confirm strong institutional buying. Traders should monitor pullbacks to support zones as potential re-entry opportunities. Overall, gold remains one of the most attractive assets in current market conditions. With both technical and fundamental factors aligned, this breakout on the 12H chart offers a high-probability continuation setup. Maintaining proper risk management remains essential as volatility could increase around economic releases.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
1
Gold hits a new record high, how to plan the operation?Judging from the current technical indicators and fundamental trends, the most critical thing is not how far gold can rise, but the 4-hour closing, whether gold can stand firmly above 3580. Although it has currently broken through 3580, the entity is far from being stable. There is still an hour away from the 4-hour closing, so whether it can stand firmly at 3580 before closing is particularly critical. 3580 is exactly the 618 position. If the 4-hour chart stands firmly at 3580, it will directly touch the upper 100% position near 3620. On the contrary, if after closing, gold is below 3580, then be careful. If it is below 3580, then gold may retreat to 382 again, which is 3560-3555 below. Everyone must pay attention to this. Don't rush to chase highs. It is best to wait for the closing situation to make a decision. If it is above 3580, just go long and look at 3620. Otherwise, just go short and look at 3560-3555. I will give some reference advice to my friends who are following this. I will provide the specific operation plan at the bottom.
OANDA:XAUUSDShort
by Trade-Daniel1
XAUUSD – Gold Trading Plan Before NFP | MMFLOW TRADINGGold (XAUUSD) has been consolidating in a sideway range (355x–354x) after several days of sharp gains. Yesterday, price reacted strongly at the 357x liquidity zone, triggering a short-term correction before stabilising back into balance. Now, the market is narrowing its range while waiting for the Non-Farm Payrolls (NFP) release later today — the key driver that will likely set the next directional move. 📊 Macro Context If NFP comes in better than expected, Gold could extend its correction lower, filling liquidity gaps towards 352x – 350x before offering fresh long opportunities. If NFP data disappoints, Gold may break ATH (357x) and push higher toward the next liquidity & FIBO extension levels near 3594+. 🔑 Key Resistance Levels 3560 – 3576 - 3594 🔑 Key Support Levels 3540 - 3528 – 3514 - 3502 – 3488 – 3478 📌 Trade Setups (MMFLOW Trading Plan) 🔵 BUY Zone: 3488 – 3486 🔴 SL: 3480 ✔️ TP: 3492 – 3496 – 3500 – 3510 – 3520 – 3530 – 3540 – ???? 🔵 BUY Scalp: 3528 – 3526 🔴 SL: 3520 ✔️ TP: 3532 – 3536 – 3540 – 3550 – 3560 – ???? 🔴 SELL Scalp: 3574 – 3576 🔴 SL: 3580 ✔️ TP: 3570 – 3565 – 3560 – 3550 – 3540 – 3530 – ???? 🔴 SELL Zone: 3593 – 3595 🔴 SL: 3600 ✔️ TP: 3588 – 3584 – 3580 – 3570 – 3560 – 3550 – ???? 📊 MMFLOW Trading View: Gold is sideway ahead of NFP, and today’s breakout from the 3540–3565 range will decide the next major move. Liquidity remains key — watch how price reacts at 3515–3528 on the downside or 3576–3595 on the upside.
OANDA:XAUUSDShort
by MMFlowTrading
9
Gold Price Analysis (XAUUSD 4H): Bulls Eye $3,600 but ResistanceGold has continued its impressive rally, pushing higher on the 4-hour timeframe and reaching the $3,587 zone. With momentum on the bulls’ side, the big question remains: Can XAUUSD break above the $3,600 resistance, or is a pullback on the horizon? The 4-hour chart shows a clear uptrend, with price action forming higher highs and higher lows. The recent surge took gold from the $3,250 level all the way to nearly $3,600, a gain of more than $300 within weeks. This bullish momentum is supported by strong buying volume, indicating that traders continue to see gold as a safe-haven asset in the current global environment. Key Technical Levels Resistance Zone: $3,600 – $3,620 Support Zone: $3,500 – $3,520 Next Upside Target: $3,700 and $3,750 if resistance breaks Potential Downside Target: $3,520 if price fails to sustain above $3,550 RSI Indicator The Relative Strength Index (RSI) is trading near the 70 level, signaling that gold is approaching the overbought territory. While this confirms strong bullish momentum, it also raises the likelihood of a short-term correction or consolidation before the next big move. Market Sentiment Currently, gold is at a critical juncture. Buyers are attempting to break the $3,600 barrier, but selling pressure has been visible with upper candle wicks forming near this level. A decisive breakout above $3,600 could open the path toward $3,700+. A rejection from resistance may trigger a pullback toward $3,520–$3,500 support. Trading Outlook For swing traders, the strategy remains straightforward: Bullish Bias: Stay long as long as price holds above $3,500. Watch for confirmation above $3,600 to target $3,700 – $3,750. Bearish Bias: Short-term traders may look for pullback opportunities if price fails to hold above $3,550, aiming for $3,520 support. Conclusion Gold (XAUUSD) remains firmly in a bullish trend, but immediate resistance near $3,600 could determine the next move. Traders should closely monitor price action around this key level—either a breakout to new highs or a pullback to reset momentum. ✨ Gold’s next move could set the tone for September trading. Stay alert and manage risk carefully.
FXOPEN:XAUUSDLong
by forexinworld
Lay out long-term trades and wait for the waterfallGold has been setting new highs recently, with the short-term high being around 3565. The market is immersed in the high sentiment of buying expectations and selling facts. Brothers with sufficient funds can refer to my swing trading and start holding small short orders around 3565. We can gradually increase our positions as gold rises. Once the NFP data is released on Friday and the confirmation of the interest rate cut basis point is lower than expected or just in line with expectations, the market may usher in a large sell-off after digesting the expectations. The recent correction of gold is limited. The higher it rises, the harder it will fall in the future. Please note that this doesn't mean I'll only short gold going forward; it's just swing trading. Until the expected sentiment is digested, I'll hold positions and wait for a pullback. But I will not miss any opportunity to make a profit in daily transactions. Brothers with small capital should still follow the trend trading.
OANDA:XAUUSDShort
by ALLEN-BOSWELL