GOLD / XAUUSD: Breaking the down channel (correction wave)Therefore, if the 21-day SMA holds in the event of a weak US Non-Farm Payroll (NFP) report, a rebound toward the immediate static support-turned-resistance at 3260 could occur.
A sustained move above that level would encourage Gold buyers to push further toward the former channel support, now acting as resistance, at 3405.
Goldking
Gold continues to fluctuate widely, mainly long at low levelsAs gold broke below the 3300 mark in the European session, the market once again tested the 3270 first-line support, which is the edge of the lower track of the channel.
rading idea: Go long gold near 3270, with a strict stop loss of 3267 and a target of 3300
Gold fluctuates and is bearish, waiting for NF
📌 Policy factors
Gold prices (XAU/USD) continued to fall, falling to $3,310 in the current European session on Wednesday, as signs of improved global risk sentiment and easing trade tensions curbed demand for safe-haven assets. Market participants remained cautious ahead of the release of major US economic data, including ADP employment changes, core PCE price index and first quarter GDP preliminary values, all of which are scheduled to be released later today.
It is reported that President Trump suddenly signed an executive order to provide automakers with up to 15% tariff rebates to ease the impact of his auto tariff policy. Even more unexpectedly, US Commerce Secretary Lutnick revealed that a trade agreement had been reached secretly with a certain country. These major changes immediately triggered a strong market reaction.
📊Comment Analysis
Gold price maintains the accumulation range of 3265-3360, temporarily stable and waiting for large fluctuations
💰Strategy Package
🔥Sell gold area: 3368-3370 SL 3375
TP1: $3350
TP2: $3340
TP3: $3330
🔥Buy gold area: $3264-$3262 SL $3257
TP1: $3280
TP2: $3300
TP3: $3318
🔥Buy gold area: $3285-$3283 SL $3280 scalping
TP1: $3290
TP2: $3295
TP3: $3300
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the capital account
- Stop loss is 1-3% of the capital account
Key intervals and trend judgmentKey range and trend judgment:
The current gold price is in a narrow range of 3300-3305 support zone and 3325-3330 pressure zone. Technical analysis:
1. Support logic:
- 3300 is an integer psychological barrier, which coincides with the MA60 moving average (dynamic support) of the 1-hour chart;
- After hitting the bottom of 3300 several times recently, it rebounded and formed a short-term bottom structure.
2. Pressure logic:
- 3330 is the upper rail resistance of the Bollinger band on the 4-hour chart, and it is the previous high-intensive trading area;
- The top divergence signal appears at the MACD daily level, suppressing the upward space.
3. Volume characteristics: Shrinking volume oscillation, need to wait for breakthrough and large volume to confirm the direction.
Trading strategy and operation plan
1. Buy low and sell high within the range (short-term)
Long position strategy:
Entry point: 3300-3305 range (price retracement does not break, and 1-hour chart RSI <30), try long with a light position. Take profit target: 3315 (first target), 3325 (second target) Stop loss 3292 (break through the previous low support).
Short position strategy:
Entry point: 3325-3330 range (price touches pressure and falls back, 15-minute chart MACD dead cross), try short with a light position, take profit target: 3310 (first target), 3300 (second target); Stop loss: 3338 (break through the previous high pressure).
2. Follow the trend after the breakthrough (trend following) Upward breakthrough (stabilizing 3330): Pursue long signal: the price breaks through 3330 with large volume and then falls back without breaking, the target is 3350-3360 (previous high of the daily line);
Stop loss: 3320 (below the breakthrough point).
Downward break (falling below 3300): Pursue short signal: the price falls below 3300 and the pullback confirmation is invalid, the target is 3280-3260 (weekly MA20 support); Stop loss: 3310 (above the break point).
Pattern interpretation:
- The 4-hour chart converges in a symmetrical triangle, and the theoretical target after the breakthrough is the height of the triangle ; If it breaks upward, the target is 3350; if it breaks downward, the target is 3270.
Volume coordination: When breaking through, the trading volume needs to be enlarged by more than 20%, otherwise be alert to false breakthroughs.
Gold is in the stage of oscillating and choosing direction in the short term, and the strategy is mainly to sell high and buy low within the range + follow the breakthrough.
Gold prices bottomed out and rebounded, market trend analysis.Analysis of gold trend: From the perspective of market sentiment, interest-free gold as a safe-haven asset has performed strongly this year, with prices soaring by nearly $700 and hitting record highs several times. However, the recent optimistic expectations of easing global economic and trade relations have boosted market risk appetite, and the equity market has generally performed positively. Some funds have flowed out of safe-haven assets such as gold and turned to risky assets, which is also the main psychological factor under pressure on gold prices. If market risk appetite continues to improve, global economic and trade relations further ease, and the US dollar strengthens, gold prices may face greater downward pressure. From a technical point of view, the gold price needs to effectively fall below the $3,265-3,260 range in the short term before a larger correction downward may be confirmed. Once confirmed to fall below, the gold price may quickly fall to the 50% retracement level near $3,225, further pointing to the $3,200 mark. If $3,200 is lost, it will suggest that gold may have peaked in the short term.
Gold opened higher in the Asian session on Monday and continued to fall last week after hitting 3336. The idea of the Asian session was to directly bearish at the analysis point of 3277. After hitting the lowest point of 3268, it fluctuated upward. The European session also fell to 3273 and then rebounded. The highest point in the US session just reached 3336 again, a standard bottoming and rebounding trend. Since it is an adjustment structure, let's re-analyze the idea. The gold price fell at 3500 and rebounded at 3260 last Wednesday. The rhythm was volatile. It rebounded above 3260 many times below and did not cross the first rebound high of 3367 above.
Today, we mainly focus on the closing price. If it stands firmly at the 3313 line, we will adjust our thinking on Tuesday. On the contrary, it will fall back after encountering resistance at 3336, today's opening high, and go to 3278. On Tuesday, we will continue to look at the idea of swinging and falling. Now it is the end of the market, and the market is also falling from a high.
How to profit from gold volatility!📌 Driving events
Looking ahead to this trading day, whether gold prices can rise further may still depend on Trump's tariff headlines and the upcoming Fed speech, as there is still no top economic data released on the US calendar
📊Comment analysis
In fact, the US trading time for gold today is to pay attention to short-term adjustments. Gold now seems to be accustomed to gold bulls for risk aversion. Although gold is supported by risk aversion today, the strength of gold bulls is not very strong. Gold has repeatedly hit highs and fallen back. Gold 3228 continues to be short, and the decline is harvested. The US market rebounds 3225 and continues to be short. Gold falls again and harvests. Gold is still adjusting at a high level. Don't chase the high for the time being. Gold rebounds and rushes high and can still continue to be short.
Today, short-term gold bulls have begun to be unable to do their best, so gold bears may start at any time. Gold still has the opportunity to adjust. Gold continues to watch the adjustment market in the short term and pay attention to trading signals in time.
Card the price and participate well. Grasp the rhythm of long and short two-way transactions. You will find that this volatility is much more fun than the big volatility.
💰Strategy Package
US trading ideas:
Short gold at 3230-35, stop loss at 3240, target at 3190-3180;
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Gold has won two consecutive games, continue to short?Gold continued to be in a dead cross downward short position at 1 hour. The strength of gold short positions has not diminished. Gold fell near the resistance of 3017, and the gold moving average resistance has now moved down to near 3021. After gold rebounds, it is still mainly short selling.
Trading ideas: short gold near 3015, stop loss 3025, target 2990
The above is only a sharing of personal opinions and does not constitute investment advice. Investment is risky and you are responsible for your profits and losses.
Gold continues to fall, what will happen next week?After the gold price fluctuated sharply at the high level in the past two days, gold finally broke down on Friday. In fact, the market was too active in the past two days, and the overall volatility was very large. In fact, it was still a little difficult to trade. Although the overall outlook is bearish, the rebound amplitude is actually not small each time. Now sometimes it rebounds more than 20 US dollars in a few minutes, so it may continue to fall after a loss. Now that the gold daily high is covered by dark clouds, how should we trade next week?
The gold 1-hour moving average has formed a death cross downward, so the gold shorts still have power, and the short-term gold can only rebound. After the rebound, the shorts will continue, and then the gold will enter a shock. After the high-level plunge of gold, the shorts will be more dominant in the short term. Unless there is a big positive news, it is difficult for gold to rise directly. The resistance for gold's rebound is 3076. If it is under pressure, then gold's rebound will mainly continue to be short on highs.
Gold is under dark clouds, waiting for opportunitiesThe 1-hour moving average of gold has begun to turn downward, and gold bulls have suffered heavy losses. After gold rebounds and repairs, we can only continue to short. The support below the range of gold 1 hour ago was 3110, and now it has fallen below. Then gold 3110 has formed an effective suppression in the short term.
Trading idea: short gold near 3110, sl: 3120, tp: 3090
The above is purely a sharing of personal views and does not constitute trading advice. Investments are risky and you are responsible for your profits and losses.
Gold is crazy. When will it peak?Gold has experienced a wave of rapid declines and market washouts. It successfully made many people get off the market with one move, and then it continued to rise all the way. It is really strong.
At present, it seems that gold is getting closer and closer to the top, but you can still take advantage of the pullback to make long orders, but you must not stay in the long term.
At present, gold is getting closer and closer to the top, but you can still take advantage of the correction to go long, but don't be a long-term investor. Gold can take advantage of the trend to take long positions above 3100
A real correction for gold could be comingGold 30-minute chart is beginning to have the possibility of a double top, so don't chase long for now. If you want to go long, wait patiently for a pullback, otherwise the high adjustment may also be large. Gold can be shorted on rallies. If gold falls below 3060, then the real adjustment of gold may come.
The market is changing rapidly. Since the strength of gold has been insufficient after breaking through new highs, don't chase too much.
3.4 Gold’s Dayang Extended ReboundYesterday, the gold market opened high at 2860.6 in the morning, then the market rose to 2876.9 and then fell back. After filling the gap to 2858.3, the market was supported and rose strongly. The daily line reached 2895.3 and then the market was consolidated. The daily line finally closed at 2893.3 and the market closed with a big positive line with a slight shadow. After this pattern ended, the daily line broke the short-term pressure and there is still a rebound demand today.
Short-term operation:
Buy: 75 Stop loss: 65 Target: 95 05 15
News affecting gold prices
News:
U.S. officials revealed that the Trump administration has proposed to Ukraine that the United States should obtain 50% ownership of Ukrainian rare earth mines, and said that if a peace agreement is reached with Russia, the United States is willing to deploy U.S. troops in Ukraine. To hedge against geopolitical and economic instability, it is currently believed that the gold market is pricing in increased policy tensions, and gold prices are expected to continue to rise next week.
Viewpoint:
Hedge against geopolitical and economic instability, and the next trading cycle will show an upward trend.
Keep paying attention to the subsequent sharing of views
Shorting gold has started to pay off wellDear Traders,
As I shared in my previous article, gold failed to break higher after reaching around 2933. The selling pressure above, coupled with profit-taking, continues to exert downward pressure on gold. Currently, gold shows clear signs of a bearish reversal, with the price action gradually shifting downward. Based on the current structure, I believe gold will likely need to retrace to the 2915-2905 region.
Our current short position on gold is in profit, and we can continue holding it while patiently waiting for further profit expansion!Bros, have you followed me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Stick to shorting goldAs mentioned in my previous analysis, although gold remains in a clear uptrend, the signs of a short squeeze are increasingly evident. Therefore, in short-term trading, we should refrain from chasing long positions at this stage. If gold fails to decisively break through the 2760–2765 resistance zone, a significant corrective move could occur at any time, which is why my current focus remains on shorting gold.
From the current price structure, we can observe a pattern where gold rallies by $60–65 following each confirmed bullish signal, only to retrace by $40 thereafter. Since the last confirmed bullish signal, gold has already advanced $62, indicating a high probability of a $40 correction based on this historical pattern. This means gold could retrace to test the 2740–2730 support range or even approach the 2720 level during this phase of consolidation.
This is precisely why I prefer shorting gold in the current scenario. As my trading plan, I initiated a short position near the 2760 level and continue to hold it. Let’s aim to capitalize on this opportunity and secure profits from the downside ahead of most market participants. Here's to a promising outcome!
Bros, have you followed me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Prepare to go long gold nextBros, today is destined to be an extraordinary day. Our short position turned from profit to loss, and then successfully turned loss into profit again! Indeed, when gold broke through 2675, I changed from calmness at the beginning to nervousness, but I saw that gold failed to continue to break through several times, so I chose to add positions near 2675 to short gold again. Obviously, it turned out that my trading idea was correct. Gold then gradually fell back and has now reached around 2660. I just closed my short position manually near 2660. Although gold may continue to fall back to the shock range, the 2660-2655 area below has been transformed into a support area, so to avoid gold rebounding again with the support area, I no longer took risks and manually closed the order near 2660 to lock in profits in time.
Although there were some twists and turns in the trading process today, the results proved that I was right, so we were able to successfully turn losses into profits in the gold short trading! A very good trading experience, the most satisfying is turning losses into profits! If you follow my trading strategy, I believe you have also made a good profit, congratulations!
Then next, if gold cannot effectively fall below the 2660-2650 area during the decline, then I may look for a suitable opportunity to go long on gold!
Bros, have you followed me to short gold? So how do you trade gold next?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Analysis of gold market trend on August 14The release of CPI will determine whether gold can reach a new historical high, whether it can hit 2500 points or even higher
In the early Asian session, gold fluctuated in a narrow range and is currently hovering around 2460 points. According to the 4-hour chart, it is currently going downhill, but the decisive factor will still be the US CPI July quarterly annual rate released at 20:30 Beijing time today
If the data is lower than expected, then gold, as the traditional safest safe-haven asset, will have the hope of hitting the historical high. On the contrary, it may fall below 2400 points
Before the release of this data, what do you think of gold?
Everyone is welcome to actively express your views
8.13 Gold Analysis,Get ready for gold to reach an all-time high and break through 2500
On Monday, gold rose by $40 to a historic high of 2477 points due to tensions in the Middle East, and then fluctuated sideways to 2460
If Iran launches a large-scale military attack on Israel, the price of gold will also rise
This week, the release of US CPI data will be a key event in the market. If CPI is lower than expected, the historical high of gold at 2500 will be just around the corner
Before the arrival of CPI on Wednesday, gold may fluctuate sideways and will be adjusted downward
So everyone should be cautious when entering the market
Resistance level 2468 2477 2490 2500
Support level 2455 2445 2410 2400
What do you think of the trend of gold? Welcome everyone to like and comment
The GOLD market is generally on the rise8.6 Gold Analysis
8.5 Gold fluctuated and fluctuated, with an overall decline of more than 0.74%
From the daily chart, gold is still on an upward trend. Coupled with the interest rate cut in September and geopolitical tensions, gold still has a lot of room for overall growth in the later period
The GOLD market fluctuates strongly after the Non-Farm Payrolls XAUUSD analysis on 05/08/2024:
Gold's plunge on Friday, August 2, 2024, from the 2478 zone to 2410-2413 as we predicted.
Gold is still expected to correct but without breaking the long-term uptrend structure. Predicting gold could reach the 2800 milestone is entirely possible.
Key price zones to watch: 2463-2470, 2390-2396, and 2370-2377.
Recommended orders:
Plan 1: SELL XAUUSD zone 2465-2467
SL 2471
TP 2462-2450-2430-2396.
Plan 2: BUY XAUUSD zone 2394-2396
SL 2390 TP 2399 -2420- 2445 -open.
Plan 3: BUY XAUUSD zone 2375-2377
SL 2371
TP 2374-2395-2420-open.
The Middle East conflict has begun againIranian leader orders direct attack on Israel
Supreme Leader Ayatollah Ali Khamenei issued an order at an emergency meeting for Iran to strike directly at Israel in retaliation for the killing of Hamas leader Ismail Haniyeh in Tehran, according to three Iranian officials reported by The New York Times. Iran and Hamas accuse Israel of assassinating Haniyeh, who was in Tehran to attend the inauguration of Iran's new president. It is unclear how aggressive Iran's response will be or whether it will adjust its attacks again to avoid escalation. Iranian military commanders are considering another combined drone and missile attack on military targets near Tel Aviv and Haifa, but will be careful to avoid civilian targets, Iranian officials said. One option under consideration is to launch coordinated attacks from Iran and other allied fronts, including Yemen, Syria and Iraq, for maximum effect.