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Goldtechnicalanalysis

Gold's short-term decline is limited and will continue to riseWith the rise of gold in the US market yesterday, the trend line of the downward trend channel has been supported many times in the short cycle. After the rebound, we still need to pay attention to the suppression of 3328-30. This position is the suppression position of the 4-hour downward trend channel. If it breaks, the overall trend will be a rising flag, which may continue the upward trend. Of course, if it continues to not break through the suppression of 3328-30, it may fluctuate within the range. This requires further observation. Intraday short-term suggestions: short-term long mainly, pay attention to the support of short-term long near 3307, stop loss 3297, take profit at 3328-30 suppression, break at 3348-50, pay attention to risks.
TVC:GOLDLong
by AIan_Gold
1
Start buying gold, a rebound may come at any time!Gold is undoubtedly weak at present, and bears have the upper hand. However, since gold touched the 3290-3280 area, gold bears have made more tentative moves, but have never really fallen below the 3290-3280 area, proving that as gold continues to fall, bears have become more cautious. From the perspective of gold structure, multiple technical structural supports are concentrated in the 3285-3275 area, which makes it difficult for gold to fall below this area easily. After gold has failed to fall below this area, gold is expected to build a short-term bottom structure with the help of multiple supports in this area, thereby stimulating bulls to exert their strength and a rebound may come at any time. Therefore, in the short term, I do not advocate chasing short gold; instead, I prefer to try to find the bottom and go long gold in the 3290-3280 area; but we should note that because gold is currently in an obvious short trend, we should appropriately reduce the expectation of gold rebound, so we can appropriately look at the rebound target: 3305-3315 area.
OANDA:XAUUSDLong
by Trading_Steffen
Technical analysis guide for gold in the US market!Technical aspects: The gold daily chart shows an obvious shock consolidation structure, and is currently running between the middle and lower tracks of the Bollinger Bands, with an overall weak trend. Since hitting a high of $3499.83, the market has fallen into a sideways consolidation range, with top resistance concentrated in the $3400-3450 range and bottom support at $3250. The recent price retracement to around 3250 failed to effectively break below, forming an important support level. The MACD indicator crossover continues, the green column is enlarged, the double lines are downward, and the momentum is weak. The RSI indicator runs around 44, and does not show oversold or rebound signals. The price is still in a weak consolidation stage. Analysts believe that if it falls below the 3250 line, it may open up further correction space, and pay attention to the 3170 area support; on the upside, if it can effectively stand above 3400, it is expected to retest the 3450 line high.
TVC:GOLDShort
by AIan_Gold
2
7.9 Gold long and short switches frequently!From the daily chart, the overall gold price is still in a weak position, the moving average is hooked, and the upper pressure is near the moving average 3319. Only if it breaks through and stands firm at this position during the day, can the bulls start to exert their strength. It happens that the MA10 position of H4 is also near 3319. At present, H4 is in a bearish trend, so the bullish pressure is still very large, but it rose in the early morning, and it bottomed out and rebounded. Combined with the recent non-continuation of the long and short trends, there is a high probability of rebounding during the day, so we can go long in the Asian session first, and go long directly at the current price of 3300, add positions to 3295, defend 3286, and look at 3312-19. The focus is still on the strength of the European session. If the European session is strong, continue to go long before the US session retreats; if the European session is weak, the US session will bottom out and rebound!
TVC:GOLDLong
by AIan_Gold
1
The bears will take the 3290-3280 area stronglyGold started to fall from 3342 during the day and fell below 3300 at one point. Gold is in an obvious short position, and during the London market, gold continued its downward momentum without any decent rebound. Gold is in an extremely weak state. In the absence of a rebound in the London market, I think New York is very likely to continue to fall. According to the current structure, gold is facing technical suppression of the head and shoulders in the short term, which greatly limits the rebound space of gold and suppresses the rebound limit within 3335. As the center of gravity of gold moves down, the resistance in the short term moves down to the 3315-3325 area. After breaking through 3330, the downward space has been opened up to a certain extent. So don’t be fooled by the false bullish candle that appear near 3330. Gold will inevitably continue to fall to the 3290-3280 area. The 3290-3280 area is bound to be won, so shorting gold is still the first choice for short-term trading. You can consider shorting gold with the 3315-3325-3335 area as resistance, and look to the target area: 3295-3285-3275.
OANDA:XAUUSDShort
by Trading_Steffen
Gold fluctuates near the resistance point, and the short positioSpot gold rose slightly in the European session on Friday (July 4), currently trading around $3,333/oz, up about 0.37%, and is expected to record a considerable increase of nearly 2% on a weekly basis. Behind this wave of gold price increases is the smooth passage of the massive tax cut and spending bill promoted by US President Trump in Congress, which has caused market concerns about the US fiscal situation. At the same time, the continued weakness of the US dollar index has further helped the rise in gold prices. As a traditional safe-haven asset, gold continues to be supported by bargain hunting. Despite the continued rise in gold prices, physical gold demand in major Asian markets has been sluggish. Due to high prices, consumer purchasing interest has significantly weakened. In India in particular, the reduction in gold imports has led to a narrowing of the market discount. The weak demand in the Asian market is in sharp contrast to the risk aversion in the global financial market, highlighting the complexity of the current gold market. On the whole, fiscal concerns caused by the US tax cut bill, the weakening of the US dollar and the potential impact of Trump's tariff policy are jointly driving the upward trend of gold prices. The attractiveness of gold as a safe-haven asset is increasing, especially against the backdrop of increasing global economic uncertainty. In the future, as tariff policies are gradually implemented and the Federal Reserve's monetary policy becomes clearer, the gold market may have more opportunities to rise. .
TVC:GOLDShort
by AIan_Gold
1
GOLD (XAUUSD): Potential Scenarios Explained Here is my updated technical outlook for Gold with potential scenarios. Bullish Scenario The price is currently testing a significant daily resistance cluster. Its bullish breakout and a daily candle close above 3368 will provide a strong confirmation. More growth will be expected then. Bearish Scenario For now, the market is consolidating on the underlined resistance. The price is stuck within a horizontal range on a 4H time frame now. Your bearish signal will be a breakout of its support and a 4H candle close below 3310. It will provide a strong bearish confirmation. The market might be weak and remain within a 4H range today. But, everything can happen, so watch carefully. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
1
7.4 Non-farm payrolls exploded, and expectations for the Fed’s rOn Thursday, as the strong US employment data dispelled the market's expectations of the Fed's recent rate cut, the US dollar index rose sharply before the US market, returned to above the 97 mark, and once rose to an intraday high of 97.42. Spot gold fell sharply, once falling to $3311 during the session, a drop of more than $50 from the intraday high, and then recovered some of its losses and remained near 3330 for consolidation. The current upper suppression position of the daily line is almost here at 3350, and the lower support is located at 3320-25. So if it is maintained in the range of consolidation, it is likely to be rectified at 3320-50. Secondly, from the hourly chart: It can be seen from the trend of 3247 to 3365. The Fibonacci 618 position is exactly here at 3320. Although the lowest point last night was pierced to around 3311, it can be seen that the entity still closed above 3320. As long as 3320 cannot be broken, the best case scenario is to maintain it at 3320-50 for consolidation. If not, once 3350 is broken, the high point of 3365 will definitely not be able to be maintained. Therefore, for today's operation, try to maintain the high-selling and low-buying range of 3320-50.
TVC:GOLD
by AIan_Gold
1
Revealed: Beware of a strong counterattack from gold bears!Perhaps due to the impact of the NFP market later, gold fluctuated relatively cautiously today, and neither the long nor the short side showed signs of breakthrough, and the overall trend remained volatile. However, as gold rebounded, the market bullish sentiment gradually tended to be optimistic. In the short term, the lower support area was relatively obvious, that is, the second pull-up point 3335-3325 area, followed by 3315-3305 area; However, as gold rebounded twice and fell after touching 3365, the suppression above was also obvious. In the short term, it faced the suppression of 3375-3385 resistance. If gold cannot effectively break through this area, gold bears may make a stronger counterattack, so I don’t think gold bears have no chance at all. Therefore, I think there is still a good profit opportunity to try to touch the top and short gold. You can consider trying to short gold in the 3365-3375-3385 ​​area and look at the target: 3340-3330-3320.
OANDA:XAUUSDShort
by Trading_Steffen
7.3 Prediction of gold price fluctuation before non-agriculturalAfter the release of ADP data last night, gold prices resumed their rise and crossed the high of 3357.88 this week and closed near this position. Today, gold prices opened high and then fell back. Pay attention to the strength of the correction in the morning session and choose the opportunity to go long and bullish. From the current market perspective, the support below can focus on the low point of yesterday's US session near 3333, followed by 3327; before the release of non-agricultural data, the upper pressure will focus on the early trading start point 3366, followed by 3375. The operation in the Asian and European sessions is mainly to go long on the correction, and the high-altitude thinking is abandoned. Specific operation ideas: Go long and bullish when the gold price falls back to around 3338, protect the position of 3330, and the target is to see whether the early trading high of 3365 can break!
TVC:GOLDLong
by AIan_Gold
1
Gold Holds Ground as Bulls Eye $3,410 Volume ZoneGold built support at $3,337.2 in today's trading session. However, the uptrend is capped, and the price remained below the Bearish Fair Value Gap. From a technical standpoint, XAU/USD outlook remains bullish above $3,337.2. In this scenario, the target is likely to be the next high volume area, which stands tall at $3,410.0. Please note that the bullish outlook should be invalidated if Gold closes and stabilizes below the $3,337.2 support.
COMEX:GC1!Long
by FenzoFxBroker
7.2 Technical Analysis of Gold Trading in the US MarketGold fluctuated in the range of 3326-3355 today on Wednesday. The small non-agricultural bullish gold broke through the 3345 line and hit the 3351 line, and then fluctuated back to the current 3342 to adjust the momentum of rising again. If the positive line on Wednesday closed above 3345, it will continue to rise to 3363-3370; if the negative line on the closing fell below the middle track, it will continue to fluctuate and consolidate in this range. The support of 3324 below is the key position tonight; as long as this position is maintained, the bulls will rebound and rise, otherwise they will fall into the battle for support at the 3295-3301 line. Technical analysis: From the 4-hour analysis, the support below is around 3324. The main bullish trend remains unchanged after the evening retracement. The important support is 3314-16, and the focus is on the long-short watershed position of 3295-3301. The daily level stabilizes above this position and continues to maintain the rhythm of retracement and bullish trend.
TVC:GOLD
by AIan_Gold
1
Gold bulls and bears compete for non-agricultural dataTechnical aspects: Currently, gold is in a typical ascending triangle structure, reflecting that the market bullish trend has not been broken but faces strong resistance. On the daily chart, gold as a whole maintains a range of $3250 to $3400, with obvious horizontal support and resistance bands formed at both ends of the range. The Bollinger Bands are converging as a whole, indicating that volatility is shrinking, indicating that the large-scale direction selection is approaching. The green column of the MACD indicator has narrowed slightly, and the short-term momentum is still bearish but there are signs of weakening. The RSI indicator runs around 49, maintaining a neutral and bearish state, and there is no obvious deviation in the short term, suggesting that there is still the possibility of subsequent shocks and consolidation.
TVC:GOLD
by AIan_Gold
1
I hold on to my short position and wait patiently.Currently, gold continues to rebound to around 3358, and there has been no decent retracement during the rebound, so during the trading period, apart from chasing the rise, there are almost no opportunities to go long on gold; so is the steady rise in gold during the day brewing a bigger rally? I think there are three reasons for the continued rise of gold: 1. The continued weakness of the US dollar provides support for the strong rise of gold; 2. The trapped long chips have recently shown self-rescue behavior, and strong buying funds have driven gold up; 3. The market intends to eliminate and kill a large number of shorts in recent times; Based on the above reasons, I think it is not a wise decision to chase gold at present; on the contrary, I still prefer to short gold in the short term, and I still hold a short position now; the following are the reasons to support my insistence on shorting gold: 1. The US dollar has a technical rebound demand after a sharp drop, which will limit the rebound space of gold and suppress gold; 2. After the recent trapped long chips successfully rescue themselves, they may cash out in large quantities, thereby stimulating gold to fall again; 3. While killing the shorts, the market has also lured a large number of long funds to a certain extent. Based on the above reasons, I currently still hold short positions near 3345 and 3355, and hope that gold can retreat to the 3335-3325 area.
OANDA:XAUUSDShort
by Trading_Steffen
3
7.2 Gold bulls continue to rise, bears come to an end temporarilFrom the 4-hour analysis, the upper focus is on the 3345 line of suppression, the lower short-term support focuses on the 3314-3316 line, and the key support of 3295-3301 line is focused on. The overall support is based on this range to maintain the main tone of low-multiple participation. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. Gold operation strategy: 1. Gold 3316-24 line long, retrace to 3295-3303 line to add more positions, stop loss 3293, target 3340-45 line, continue to hold if broken;
TVC:GOLDLong
by AIan_Gold
1
GOLD (XAUUSD): Your Trading Plan for Monday Gold went strongly rejected from a key daily support on Friday. Your confirmation signal for a pullback trade from that will be a bullish breakout and an hourly candle close above 3283 intraday resistance. After that the price will likely reach 3292 level. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
8
Gold shorting opportunity not to be missedGold hit the key resistance of 3350 and then fell under pressure, reaching a low of 3309, and was temporarily supported by the low point on Wednesday. The intraday showed a pattern of rapid decline after a volatile rise, highlighting the long-short tug-of-war pattern. The hourly line fell again after a pullback to 3328, indicating that there is still room for short-term retracement. The current operation needs to focus on key points: short orders can be entered again near the pullback of 3328-3335. If the market continues to decline, focus on the support range of 3300-3290, and long orders can be arranged if it stabilizes. The overall idea of ​​​​oscillation is maintained. Before effectively breaking through 3350 or losing 3290, high-altitude and low-long are still the main strategy. Gold recommendation: short near 3328-3335, target 3315-3305
OANDA:XAUUSDShort
by TP_Daniel
GOLD (XAUUSD): Updated Support & Resistance Analysis Here is my latest support and resistance analysis for Gold. Horizontal Structures Support 1: 3294 - 3312 area Support 2: 3231 - 3287 area Support 3: 3121 - 3176 area Resistance 1: 3338 - 3368 area Resistance 2: 3441 - 3451 area Resistance 3: 3493 - 3500 area Vertical Structures Vertical Support 1: Falling trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
2
The rebound is an opportunity to short goldAfter the ceasefire agreement between Iran and Israel and Powell's hawkish remarks that strongly refuted the possibility of a rate cut, gold fell sharply and hit a low near 3295. Although gold has rebounded, it is particularly difficult during the rebound process, which shows that the bulls are not willing to attack, and the rebound is only a technical repair of the decline. Since gold fell below 3300 yesterday, the current bull structure has been changed in stages and the confidence of the bulls has been greatly weakened. As gold falls, it will be under pressure in the 3345-3355 area in the short term. Before gold breaks through this area, any rebound may give us an opportunity to short gold; in addition, after gold falls below 3300 once, in order to move downward and test support, gold has the need to retreat again. So in the next short-term trading, we can try to use the 3345-3355 area as resistance, short gold appropriately, and look to the 3315-3305 area.
OANDA:XAUUSDShort
by Steffen_Schade