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Goldtrend

The gold market is under control and the rhythm is in placeGold fluctuated in a narrow range yesterday, still hovering below the middle track, and fell to around 3325. The strategy suggested going long near 3330 and shorting below 3350, both of which were perfectly realized, with an overall gain of 580pips. Congratulations to those who followed the plan. The overnight daily line closed with a negative sign and a long lower shadow. Today, we still maintain the idea of yesterday's fluctuation. Pay attention to the gains and losses of the 3350-3355 middle track. We are not optimistic about the big rise before it breaks. In the 4H cycle, the Bollinger flat performance is also obvious. It is bearish in the short term. Therefore, today we will temporarily operate according to the idea of ​​oscillation and bearishness. Pay attention to the pressure at 3350 and 3370, and the support at 3325 and 3311. For more specific operation strategies, pay attention to the bottom notification. Gold operation suggestion: short gold near 3350-3365, target 3335-3325. If the support below 3325-3310 is not broken, you can also consider going long with a light position.
OANDA:XAUUSDShort
by Trade-Daniel1
The rebound is weak and short selling is the main strategyThe overall performance of gold yesterday was a trend of falling under pressure from high levels, reaching a high of around 3358. The daily line finally closed with a bearish cross star with a long upper shadow. The daily line fell into a high-level horizontal consolidation, and the overall oscillation was wide between the upper and lower Bollinger tracks. It is currently consolidating horizontally near the middle track, and there is a trend of further falling to the lower track in the short term. In the 4H cycle, the high point gradually moves down in the step-by-step oscillation decline, forming a downward trend, but the Bollinger band closing state is not optimistic about the room for a big drop. The intraday weak oscillation strategy is treated. The upper pressure focuses on the 3345-3360 area. The operation is mainly rebound shorting. The focus below is on the 3325-3310 regional support zone. If the price is effectively stabilized in this area and is not broken, it can be used as a potential opportunity to intervene in long orders. Gold operation suggestion: short around 3345-3360, target 3330-3320.
OANDA:XAUUSDShort
by Trade-Daniel1
Seize the best entry time for gold!Today's gold trend is still bumpy, and the overall trend is still mainly volatile. After the rebound, gold entered a sideways consolidation: after a brief retreat to the 3223 line at the opening, it rebounded quickly and once rose above 3358, but the upward momentum failed to continue, and then chose to oscillate and repair, and fell to around 3332 at the lowest. Judging from the gold trend structure, 3330-3320 below is still the key support area, so you can consider long positions. The current market rhythm is quite tiring and tests one's patience, but the trading center cannot get things done in a hurry, so it is safer to wait patiently for clear signals before entering the market. It should be emphasized that if the 3320 support is not broken, the overall structure will still be difficult to constitute a sharp decline, and the market is expected to stabilize in this area. For more specific operational ideas, the main focus is still on bottom signal confirmation.
OANDA:XAUUSDLong
by Trade-Daniel1
1
Looking for a surefire gold trading opportunity?Global markets are closely monitoring developments in the Russia-Ukraine situation, and investors remain generally cautious until the situation becomes clearer. The US dollar index, after a brief decline due to data, rebounded and fluctuated intraday. Gold prices opened lower today, retreating to support near 3323 before quickly rebounding and briefly rising to around 3358 before the European session opened, before falling back under pressure there. Trading strategies should focus on the support area around 3335-3320. If gold prices stabilize there, consider going long. In the short term, the market has yet to establish a clear unilateral trend, with both the US dollar and gold trading in a volatile pattern. The strategy should maintain a range-bound approach, patiently awaiting reactions near key levels and avoiding aggressive chasing orders before a breakout. This volatile pattern is expected to persist until there is clearer progress on major risk events such as the Russia-Ukraine situation. Be mindful of the impact of unexpected events on market sentiment. Gold Trading Recommendation: Go long near 3335-3320, with a target of 3350-3360.
OANDA:XAUUSDLong
by Trade-Daniel1
How can the gold market seize real certain opportunities?Gold closed with a bearish doji at a low level on Friday. Gold opened slightly lower on Monday, falling to around 3323 before rising. The wedge pattern is gradually converging, and the overall pattern is top oscillation. In the 4H cycle, consecutive big suns broke through and stabilized on the middle track, and the short-term trend turned from weak to strong, but the current pressure of 3360-3375 is not broken, and it is still in a downward correction channel. In terms of operation, the rebound can be shorted at this position, and the support below should pay attention to the 3335-3320 area. If it is not broken, consider taking a long position. Gold operation suggestion: short around 3360-3375, target 3345-3335.
OANDA:XAUUSDShort
by Trade-Daniel1
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels with a gap above at 3361 and a gap below at 3293. We will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3361 EMA5 CROSS AND LOCK ABOVE 3361 WILL OPEN THE FOLLOWING BULLISH TARGETS 3424 EMA5 CROSS AND LOCK ABOVE 3424 WILL OPEN THE FOLLOWING BULLISH TARGET 3499 BEARISH TARGETS 3293 EMA5 CROSS AND LOCK BELOW 3293 WILL OPEN THE SWING RANGE 3236 3171 EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE 3089 2996 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
How to seize high-probability opportunities in volatile marketsAfter gold surged and then fell yesterday, it fell again due to the influence of data, and hit a low near 3329. The daily line finally closed with a negative line, and fell back to the lower track in a roundabout and oscillating manner. In the 4H cycle, it was under pressure near the high point of 3374 and gradually broke through the low and fell. After closing with negative lines continuously, the Bollinger Bands opened. Today, relying on the pressure of the middle track, there is further room for decline. It is expected that the volume will increase after short-term consolidation. The upper pressure will focus on the 3345-3360 area. The operation will mainly focus on rebound shorting. The lower side will first look at around 3330, and then look at 3320-3300 after breaking through. Gold operation suggestion: short around 3345-3360, target 3330-3320.
OANDA:XAUUSDShort
by Trade-Daniel1
Accurately capture gold long and short opportunitiesGold Trend Analysis: Yesterday's data had little impact on gold, and the remaining three trading days of this week are generally expected to be volatile. On Wednesday, watch for fluctuations within the 3340-3370 range. A break above 3370 could lead to a move to the 3375-3385 area, and a break above 3340 could lead to a move to the 3320-3310 area. Gold's performance during the first two trading days of this week exhibited a distinct trend: after falling on Monday, it continued to decline on Tuesday, with the main force pulling back. Gold has fallen by nearly $60 for two consecutive trading days. Even with positive data, gold has struggled to maintain its upward momentum. Therefore, gold is currently experiencing a period of weak fluctuations, not a bullish trend. Therefore, within this period of weak fluctuations, it's important to monitor the continuation of weakness and the potential for a reversal of the market. If the weakness continues on Wednesday, breaking below the 3340 support level, further downward momentum could be seen, potentially reaching the 3320-3310 area. However, if the market reverses course and slowly rises above 3370, the upward trend could reach the 3375-3385 high. From a technical perspective, the daily chart is suppressed below the middle Bollinger band, indicating weakness, consistent with the candlestick chart. This is undeniable. The question remains whether the candlestick chart can break through the middle Bollinger band today. If it does, a positive daily close would suggest upside potential. A negative daily close would limit downside potential. The H4 chart is currently showing volatility, with the middle Bollinger band at 3370. Given this volatility, we need to consider both sides. If it holds above 3370 this week, we could see a high of 3390. If it doesn't break below 3370, we'll see a weak, volatile market, with the outcome expected Thursday. Therefore, intraday trading within the 3340-3370 range is advisable to go long on the high side and short on the low side.I will provide more specific operation strategies at the bottom, so please pay attention.
OANDA:XAUUSDShort
by Trade-Daniel1
Seize the key turning points in gold tradingThe CPI data has limited impact on gold. Today, focus on fluctuations in the 3340-3370 range. A break above 3370 could lead to a test of 3385. A break below 3340 support could trigger a further drop to 3320. Gold prices fell for the first two trading days of this week, and even the positive CPI data failed to drive a significant increase in gold prices. This clearly demonstrates that the market is not bullish but rather volatile and weak. The key now is to observe the sustainability of this weak and volatile market and any potential reversals. If the weakness continues and effectively breaks below 3340, the downside target is 3320. Conversely, a break above 3370 would target the 3385 resistance level. Gold's strategy recommends focusing on range-bound trading. Gold Recommendation: Short positions in batches around 3370-3385, with a target of 3355-3350. If gold falls back to 3355-3340 and stabilizes, consider going long in the opposite direction.
OANDA:XAUUSDShort
by Trade-Daniel1
Seize the best entry time during gold fluctuationsGold is rising slowly, and the 4H consecutive positive lines have pierced the upper edge of the oscillation range. The thinking needs to be adjusted. The current Bollinger band is closing, breaking through the middle track pressure, and the continuation of the strength can be seen in the 3370-3385 area. The US dollar index plunged 33 US dollars in the short term. If it continues to weaken, it may be good for gold. The core CPI in July was 3.1% year-on-year, slightly exceeding expectations, but the overall inflation was mild, and the market reaction was volatile. Today, gold fell first and then fluctuated upward. From the trend, gold rose continuously, and the current highest reached around 3366, MACD golden cross; the 1-hour moving average is bullish, and the gold price relies on the upper track of Bollinger, and the Bollinger opening is enlarged, turning to bullish in the short term. Trading suggestion: Go long in batches when gold falls back to around 3355-3340, with the target at 3370-3380. There is resistance and pressure near 3370-3385 above, so you can consider shorting.
OANDA:XAUUSDLong
by Trade-Daniel1
When gold rebounds, go short directly, don’t hesitate!Gold, influenced by positive CPI data, surged rapidly from around 3340, reaching a high of 3354 before entering a period of volatility. Currently, prices are fluctuating narrowly around 3349, facing significant upward pressure. Focus on the 3357-3370 range. Support is concentrated around 3335-3320. Short-term investors can flexibly participate within this range. If your current trading is not satisfactory, please feel free to contact us. We hope to help you avoid investment pitfalls and achieve more stable trading. Analysis of the 4-hour chart shows upward resistance at 3357-3370. Continue shorting within this range on rallies, anticipating a price decline. The overall trend remains unchanged. I will provide you with the specific operation strategies at the bottom, so stay tuned. Gold operation suggestions: short when it rebounds to 3357-3370 area, target 3345-3335; long when it falls back to 3335-3320 area, target 3350-3355.
OANDA:XAUUSDShort
by Trade-Daniel1
Gold Price Drops After Rally – What’s Next?Hello everyone, let's take a closer look at today's gold price Gold has unexpectedly dropped significantly today after a notable rise early last Friday. The market's initial concerns stemmed from rumors that the U.S. would impose an import tax on gold, which caused some panic. However, after the White House officially clarified its position and assured the market, the initial worries eased From a technical perspective, gold has broken through the upward trendline and is moving swiftly. According to Dow Theory, a short-term correction might occur soon, but if the price remains below key resistance levels, the decline could extend toward the Fibonacci 1.272 region, or even down to the Fibonacci 1.618 level if the downtrend persists. Do you agree with this outlook? Share your thoughts in the comments below. Good luck and happy trading!
OANDA:XAUUSDShort
by Ryland_TradingFX
3
XAUUSD: Adjustment Phase and Future OutlookHello everyone, today let's analyze the current movements of XAUUSD. Currently, gold has gone through a period of adjustment, as the bulls were unable to push the price above the 3,400 USD level. Market instability has caused gold to pause its upward trend and enter a liquidation phase. This adjustment reflects a cautious sentiment from investors in Asia. The 3,400 USD level remains a significant barrier, and this has become even clearer with factors such as weak data from China (PPI -3.6%) and uncertainties surrounding US-China trade talks putting pressure on gold's price. Additionally, expectations regarding the US inflation report and uncertainty in the semiconductor policy are hindering gold’s upward momentum. These factors reduce gold’s appeal as a safe-haven asset. The key focus now is the trading range between 3,400 and 3,350 USD. Before further upward movement, the market may need to test this support level again. We are now witnessing a retest of 3,358 USD with a false breakout, and the market’s response at this level is relatively weak. In the short term, gold may continue to adjust towards 3,350-3,345 USD. However, if the bulls can maintain the price above this level, a recovery seems a plausible scenario. What are your thoughts on gold’s ability to maintain above the current support level? Could the market soon rebound and resume its upward trend?
OANDA:XAUUSDLong
by Ryland_TradingFX
Golden opportunities are not hard to grasp.Gold Market Forecast for Next Week: Gold News Analysis: The US dollar strengthened on Friday, but it is poised for a weekly decline as weak economic data led traders to price in the possibility of more interest rate cuts this year. Investors also assessed US President Trump's Federal Reserve nominations. Gold prices experienced a roller-coaster week from August 4th to 8th, particularly during the past two trading days, when reports of gold bar tariffs sparked market panic. Despite the White House's eventual clarification of the reports, gold prices remained near the peak of uncertainty, hovering around $3,400. Gold prices tested the $3,400 mark several times this week, but despite increasing expectations of a Fed rate cut and Trump's nomination of dovish Fed officials, prices remained above that level. Until Friday's news of gold bar tariffs, gold prices surged above the $3,400 mark, reaching a high of $3,409, the highest level since July 24th. Following the panic caused by the gold bar tariffs, and despite the US clarification of the reports, analysts and retail investors remain bullish on gold prices for next week. Next week, gold prices will focus on the meeting between Trump and Putin, as well as speeches by several Federal Reserve officials on the economic outlook, and the release of the July unadjusted CPI annual rate. Gold Technical Analysis: Looking at the current gold price trend, after Friday's pullback and negative close, will gold prices continue to decline next week, or will they rebound and rise? I believe the former is unlikely. The possibility of a new low exists, but it is low. Several attempts at the 3380 support level have failed to break. First, looking at recent price trends, gold prices have continued to rise, with higher highs and lower lows, indicating that the 3268 support level is valid. After rebounding to 3409, it began to fall, closing near 3397, demonstrating the 3380 support level and the strength of bullish sentiment. This suggests that gold prices are currently range-bound at a high level. However, given that the support level remained intact and the price closed above it, the possibility of gold prices breaking below 3380 next week is ruled out. Gold prices failed to break below 3380 on Friday as expected, and the overall trend of rising, falling, and closing lower shows that bulls still have the upper hand. However, I think it is not advisable to conclude that bulls will control the market next week. Although bulls have repeatedly tested 3410 without success, the decline has not been strong. In other words, if the bulls were truly strong, there would be no decline the next day, and the opening of next week should continue to rise. However, the current gold price has not only slowed down its rise, but also shown signs of decline, which means that bears are still holding the 3410 resistance level. Based on the above, we recommend a low-to-long strategy for early next week, supplemented by high-to-short strategies. Regarding support, watch out for 3380. After yesterday's repeated dips, this will become a key defensive point for bulls at the beginning of next week. A test or break of this resistance level is expected. An unexpected break below would disrupt the bullish short-term trend, with a high probability of seeing 3368 or a continuation of the decline to the 3350 area. However, we prefer a move higher above 3380. Regarding resistance, watch out for the 3410 area. Although this area is at 0.382, the dividing line between 3268 and 3500, and also represents resistance from Friday's high, after adjustments and with bullish momentum, the probability of a breakout is increasing. Therefore, we recommend focusing on the 3343 area, which provides strong resistance from the previous high and also represents the dividing line at 0.236. Upon first approaching or touching this area, try to enter a medium-term short position. On the whole, the short-term operation strategy for gold next week is recommended to focus on shorting on rebounds and long on pullbacks. The short-term focus on the upper side is the 3410-3420 line of resistance, and the short-term focus on the lower side is the 3380-3370 line of support.
OANDA:XAUUSDLong
by Trade-Daniel
GOLD DAILY CHART ROUTE MAPHey Everyone, Daily Chart Update Another Clean Rejection: Structure Still Dominates Following up on the recent price action last week, the 3372 support level continued to provide support aligned perfectly with the channel half-line, giving us the bounce that continued all the way up to 3409, just short of the 3433 resistance, which once again remains open for a potential test. We remain in the same structured range, with price still rotating between 3272 and 3433, a 170+ pip zone that continues to deliver high-probability trade setups. Here’s where we are now: 🔹 Range Still Active Price is respecting the 3272–3433 boundaries with precision. Until we get a decisive break and hold outside this range, range bound strategies remain in play. 🔹 No Breakout = Clean Rejection The failure to sustain above 3433 confirms resistance is still valid. We're watching EMA5 for potential breakout confirmation, until then, the bias stays neutral within the range. 🔹 Channel Half-line Bounce That rejection into 3272 also matched the channel half line, and the bounce there further cements this area as critical support. The latest rally to 3397 reinforces the strength of this pivot. Updated Key Levels 📉 Support – 3272 Still the major pivot. Buy zones remain valid here unless we see a confirmed breakdown. 📈 Resistance – 3433 Now clearly tested and rejected more than once. Any clean break and hold above could change the dynamic, but until then, it’s solid resistance with 3397 as support. Thanks as always for your support. Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
2
It’s that simple to catch the golden trend.On Friday, gold did not break through the highs or the bottoms, and maintained the range of 3400 to 3380, which was in line with our expectations. In the analysis layout on Friday, I made it clear that I would short at the pressure of 3400 during the day, and go long at the support near 3380 before and after the US market, with an overall gain of 580pips. The points were accurate and there was no error. It was proven by strength that in this market, as long as you don’t chase orders, it is relatively easy to make some profits. Don’t always think about betting on the breakout of the market. Wait for the breakout before doing anything. Just do well in the present. It's better to miss than to do it wrong. The key is how you choose. Stability comes first. Gold continued to close positively on the weekly chart this week, and after hitting the bottom at 3368 and rebounding, it rebounded with large volume. It is in the process of gradually touching the upper track of the range. Normally, there is still room above, and the range pressure is at 3450. Therefore, we will continue to maintain a bullish mindset next week. In the daily cycle, it fluctuated and washed out repeatedly on Friday, and finally closed with a negative cross star. In the short term, it will maintain operation in the small range of 3409-3380. In terms of operation, continue to go high and buy low before the range is broken, and follow the trend after the breakthrough; an upward breakthrough can be seen at 3425 and 3450, and a downward breakthrough can be seen at 3365 and 3345. For the specific operation rhythm, pay attention to the real-time notification at the bottom.
OANDA:XAUUSDLong
by Trade-Daniel
Bullish momentum weakens, and bearish opportunities emergeThe 4-hour gold chart shows a slow, volatile upward trend. While gradually climbing higher, it has failed to effectively break through key resistance areas. This suggests the market is not in a one-sided bullish trend, but rather in a state of sustained oscillation. Current price momentum is weakening, so it's not advisable to continue chasing higher prices. Today's strategy is to short on rallies, focusing on the key resistance area around 3410-3420. Opportunities are open for short positions. If prices trade within the 3400 range, this would be an ideal entry point for a short position. The main trend is to short on rebounds from higher levels, with strict risk management. Gold Recommendation: Short in batches between 3400-3415, with a target of 3385-3370.
OANDA:XAUUSDShort
by Trade-Daniel
Opportunities only come to those who are preparedThe market expects the probability of the Federal Reserve cutting interest rates in September to be over 70%, with some institutions even predicting as high as 93.6%. Fed officials have recently released dovish remarks. If the rate cut is implemented, it will reduce the opportunity cost of holding gold, which is good for gold prices. The US has imposed tariffs on India and Switzerland, exacerbating global trade tensions and boosting demand for gold as a safe haven. The deadlock in the Iran nuclear talks and the shipping risks in the Red Sea have increased market risk aversion. Focus is on US initial jobless claims data and speeches by Fed officials. If the data is stronger than expected, it may suppress expectations of a rate cut and be bearish for gold. If the US dollar strengthens or geopolitical risks ease, gold prices may come under pressure and fall. Today, gold mainly showed a high-level fluctuation trend, hitting a high of $3397.25/oz in European trading before falling sharply. It is currently trading around $3382. Although gold prices are still in an upward channel, they have recently shown a high sideways trend. The market lacks unilateral driving factors. Gold can be shorted at high levels. It is recommended to short gold in batches around the highs of 3390-3405.
OANDA:XAUUSDShort
by Trade-Daniel
2
Gold fluctuates repeatedly. How can we avoid detours?Gold currently lacks sustained bullish momentum. The monthly chart has formed four consecutive upper shadows, indicating significant market pressure at high levels. Bulls are hesitant to take risks and lack the appetite for aggressive action, leading to a typical volatile pattern of rapid rises and equally rapid declines in gold prices. Yesterday's price action further confirmed this pattern. Although gold prices briefly reached a new high after bottoming out and rebounding, they were unable to consolidate above that level and subsequently retreated rapidly. Currently, the 3380-3390 area has become a key short-term resistance level, but repeated attempts to retest it have led to heavy selling pressure. Meanwhile, the 3370 area, a trading-intensive zone, poses significant downside risks for gold if it breaks below it, potentially extending the range to 3355-3340. Technically, resistance is concentrated in the 3380-3390 area, while support lies at 3355-3340. Short-term volatility is largely locked within this range. We recommend maintaining a volatile strategy of buying high and selling low. Regarding trading strategies, we recommend placing short positions in batches within the 3375-3390 area, targeting 3360-3345. Pay attention to position control and stop-loss settings during this process. If the price rebounds to the support area and stabilizes, consider short-term long positions to flexibly respond to the intraday rhythm.
OANDA:XAUUSDShort
by Trade-Daniel
What you see are fluctuations, what I see are opportunities!Gold prices are rising as expected, with long positions perfectly fulfilled and periodic profits successfully secured. Currently, prices are once again encountering resistance at 3390. A clear bearish engulfing pattern has formed on the short-term hourly chart, suggesting weakening short-term momentum and increasing risk of a pullback. From a cyclical perspective, today marks the fifth trading day of gold's rebound, and technically, a periodic adjustment is necessary. A break below 3370 today will essentially confirm the establishment of a short-term top, and the market structure may shift into a phase of decline. Regarding trading recommendations, we recommend continuing to short on rallies around 3390 as a key resistance level, with short-term targets focused on 3370-3360. A subsequent break below this level with significant volume could open up further downside potential. Market sentiment is shifting rapidly at this time, so it is crucial to strictly enforce risk management discipline, avoid blindly chasing orders, and maintain a flexible and forward-looking strategy.
OANDA:XAUUSDShort
by Trade-Daniel
What does it matter if every step is just right?Today's gold fluctuation rhythm is basically consistent with our prediction. The rhythm from entry to profit-taking is clear, and the strategy is executed decisively. First, we decisively arranged long orders at the 3365-3370 line, and successfully took profit at the target line 3375, earning 150pips of profit. Then we decisively reversed and arranged short orders at 3375. The market fell back to around 3360 as expected, and realized 150pips of profit again. In the third round of operations, long orders were entered again near 3352, and the price rose smoothly to 3370 to take profit again. The overall rhythm was tight and profits were steadily pocketed. At present, gold has rebounded to around 3380-3385. We have deployed a new round of short orders in advance and will wait for the price to drop before arranging long orders. Overall, gold is in a volatile rhythm. Even if there is still room for upward movement in the future, it is likely to undergo a round of technical retracement adjustments first.
OANDA:XAUUSDShort
by Trade-Daniel
In gold trading, timing is key!Gold has currently reached a high of around 3385. The technical retracement and correction is also an affirmation of the bulls, and the current support below will continue to move up. From the perspective of the large range of the daily line, there is no large unilateral trend, and the overall box consolidation pattern has been formed. It once rose to 3385 yesterday, but failed to stand firm, indicating that the pressure from above is still quite large. If it can break through 3400, the next target may be 3430; otherwise, it may start a round of deep adjustment. There is a need for technical adjustment, so it is not advisable to chase the rise too much. If your current operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us! Judging from the structure of the 4-hour gold chart, the key support area below is around 3350-3340. If it falls back to this area and stabilizes during the day, you can continue to rely on this area to arrange long orders. The overall bullish thinking remains unchanged. The short-term resistance above is around 3375-3385. If it breaks through, it will further test the key suppression zone of 3390-3400. I will prompt the specific operation strategy at the bottom. I suggest you keep paying attention and follow up in time. Gold operation strategy: Go long when gold falls back to around 3350-3340, with the target at 3370-3380.
OANDA:XAUUSDLong
by Trade-Daniel
How to seize the best entry point for gold?Gold continued its bullish trend from last Friday, rising to a high of 3385 yesterday. However, the upward momentum failed to sustain, and new highs were not reached during today's Asian and European trading sessions. The short-term bullish trend has ended, and the market is showing signs of correction. Currently, gold is facing downward pressure in the short term, and the short-term trend is volatile. Strategically, we can watch for a rebound to the 3375-3385 area during the European trading session and try to participate in short-term short selling. The target is below 3365-3355. The long-term structure remains bullish. Therefore, if the price falls back to the 3355-3340 area and stabilizes, we can still consider entering long positions to continue the medium-term uptrend. In terms of trading, we should pay attention to the rhythm of the market, betting on rebound resistance with short-term short positions and then going long on dips, maintaining flexibility.
OANDA:XAUUSDShort
by Trade-Daniel