Get started

Xauusdidea

XAUUSD Profit signalLast Friday, gold hit the bottom again, with a big negative line all the way to around 3270. Of course, this position is also an obvious double bottom pattern, and it is also an obvious temperature. At present, the bullish form is still there, and the support level is still strong. The gold four-hour line continues to maintain the bottom signal. The two big positive lines at the bottom support it, and it is also an obvious double bottom rhythm. The two big positive lines start to exert force directly from below the moving average, directly breaking through the rhythm of the sky, and the positive line crushes the moving average, stepping on the moving average to pull up. This is an obvious bullish strength. The K line just falls back, and it is definitely not a U-turn. Therefore, continue to go long in the 3270 area
OANDA:XAUUSDLong
by BurgessMurray
1
Gold maintains bullish mindsetThere is a fierce game between bulls and bears in gold prices, but we remain bullish in the long term. The intraday layout follows the general trend and focuses on the gains and losses of the 3260 support below. As long as it remains above 3260, we will maintain our bullish outlook and wait for the gold price to fall slightly to around 3275 before we can intervene and go long in batches! Gold is long near 3275, stop loss 3260, target 3300
TVC:GOLDLong
by Fortune-signal
Gold in April is worthy of being written into history!!!The gold price trend in April can only be described as extreme and crazy, with a single day's volatility equivalent to half a month or even a month in the past. At the beginning of April, gold started at $3,130 and fell to a low of $2,957. With the outbreak of the tariff war, gold prices rose all the way, with frenzied weekly gains. Finally, after hitting a peak of $3,500 last week, it began to plummet sharply, dropping to the current $3,318. After the tariffs between the United States and China were gradually escalated, there was once news of a relaxation this week. However, Trump threatened over the weekend that he would not lift the tariffs on China unless China made substantial concessions, which may support the gold bulls. In the constantly fluctuating market trading, we need to have enough patience to wait for suitable entry points and avoid chasing rises or cutting losses in panic.
FOREXCOM:XAUUSDLong
by Trading_Grorge
XAUUSD Opening Trends and Trading Strategies Next WeekShould the downward trend persist and breach the 3265 mark 🔻, the subsequent support level to watch closely will be 3195. Conversely, in the event that this key resistance holds firm 🛡️, there's a strong likelihood of a rebound kicking in as early as next week 📈! XAUUSD Analysis​ I. Interpretation of the News 📰​ This week, the multiple shifts in Trump's attitude towards Powell have become a key factor driving significant fluctuations in the gold price. On Monday, US President Trump bluntly stated that if interest rates are not lowered immediately, the US economy may slow down, and he once again criticized Federal Reserve Chairman Powell. However, Powell responded that before the impact of Trump's tariff plan on inflation becomes clear and does not lead to a sustained surge in inflation, it is not appropriate to cut interest rates. 💰💼​ The continuous pressure exerted by the Trump administration on the Federal Reserve Chairman has triggered a series of market reactions: the stock market has fallen under pressure, and bond yields have risen. This has led investors and analysts to start pondering what the consequences would be if Trump insists on challenging the independence of the Federal Reserve's monetary policy and even attempts to remove Powell from his position with a little over a year left in his term. This uncertainty has injected more volatile factors into the gold market. 😰📊​ II. Current Market Trends📈📉 The recent trend of the gold market has been extremely volatile, with intraday trading fluctuations frequently approaching $100. Against the backdrop of tense trade situations, market risk - aversion has skyrocketed, pushing the gold price to break above the $3,500 mark at one point. However, as Trump's stance on tariffs softened this week, coupled with long - position investors taking profits near the $3,500 level, the gold price has dropped significantly this week, hitting a low of around $3,260.🚨💥 ​ III. Technical Analysis 📊​ (1) Daily Chart 📅​ Yesterday, gold closed with a large bearish candle with a relatively long lower shadow. When the price fell to around $3,265 for the second time, a double - bottom support formed, and the price stabilized and rebounded to $3,319. This trend indicates that $3,265 has become a key defensive position for the bulls in the near term. As long as this level holds, the gold price is not likely to weaken easily and will most likely maintain a volatile upward trend. ⚖️🚀​ (2) 4 - Hour Chart ⏱️​ From the perspective of the 4 - hour chart, gold is in a triangular consolidation pattern. Currently, the gold price has received effective support from the trend line and is gradually starting an upward trend. At the same time, the resistance of the middle band of the Bollinger Bands to the K - line is not significant, which further validates that the medium - to long - term bullish trend of gold is taking shape. With the appearance of consecutive upward - closing candles, it provides strong support for the subsequent rise of the gold price. It is expected that the key short - term resistance level is around $3,370, and gold is expected to start a new round of upward rally on this basis. 🌟📈 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
FOREXCOM:XAUUSDShort
by Sovereign-
1
#XAUUSD: We are up 1040+ pips from our previous setup! Gold has risen from 3268 to 3364, helping us make substantial positive gains. However, after reaching the $3364 region, the price dropped around 3310 and has since been fluctuating between 3310 and 3340, making it challenging to trade. There’s a possibility that the price might touch 3400 once again before it drops. Good luck and trade safely. Thanks for your support! 😊 If you want to help us out, here are a few things you can do: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️
OANDA:XAUUSDLong
by Setupsfx_
14
Can gold continue its decline and hit a new low?US President Trump said he had no intention of firing Fed Chairman Powell. Affected by this, the US dollar soared in the short term and spot gold plummeted dramatically. This remark marks a huge change in Trump's attitude. He has recently stepped up his criticism of Powell and refused to rule out the possibility of taking the unprecedented step of firing Powell. Gold technical analysis: This wave of gold correction is still continuing. The market has actually warned about today's pullback. After all, yesterday's closing line was a big negative line, so there must be a continuation in the trend of gold. Moreover, after gold rose to 3500 yesterday, the trend weakened. The market fell all the way and broke through the 3400 mark and 3300 mark, and fell to the lowest level of 3290! To be honest, this round of decline is still quite strong. After breaking the continuous positive, the market ushered in the suppression of the market pullback, and at present, there is still a trend of continuation! In terms of short-term operation ideas for gold, it is recommended to sell short. The short-term focus on the upper side is 3320-3330 resistance, and the short-term focus on the lower side is 3285-3245 support.
OANDA:XAUUSDShort
by LesleyShaw
Gold Analysis The recent gold rally has achieved all anticipated price targets in a remarkably short timeframe, subsequently attracting profit-taking activity. These sellers are currently dominating price action, creating what appears to be a potential head and shoulders pattern with the head at $3,500 and neckline at $3,280. Should the 4-hour candle close below this neckline, it would confirm the pattern formation, suggesting a downside target of $3,080. The RSI indicator further supports this bearish outlook, with a clear negative divergence forming over the past three days while remaining below the 50 level SAXO:XAUUSD AMEX:GLD AMEX:IAU COMEX:GC1!
SAXO:XAUUSDShort
by IsmailAbdulMeguid
Gold Updates - Friday April 25🔔 Friday Market Prep | Key Gold Zones Only Microstructure whispers. Friday price action bites. Friday is notorious for: Low-volume traps after London lunch; Dealer sweep games; Profit-taking volatility; And “just because” fakeouts to set up Monday gaps; We don’t predict—we prepare. These are the zones that matter going into NY session. 🔴 SELL INTEREST ZONES • 3362–3372 - HIT today gave 700+ pips profit✅ 🔁 Proven supply—hit twice already, high reactivity 🧠 Only valid on LTF confirmation for re-entry • 3384–3393 🔁 HTF imbalance + OB trap zone 🧠 Ideal for NY fakeout spike • 3410–3415 🔁 Premium OB + liquidity grab zone • 3450–3457 🔁 Untouched HTF OB + stop hunt territory 🟢 BUY INTEREST ZONES • 3278-3288 📍 Support pocket – OB + below Asia low • 3250–3260 📍 Deep OB + structural base • 3224–3233 📍 HTF EQ + reactive demand sweep zone 🧐 Friday is not for heroes—it’s for hunters. Watch for the sweep ➝ shift ➝ confirm before touching anything. Let Gold make the first move. We respond. 📌 Important Notice!!! The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
FOREXCOM:XAUUSD
by GoldMindsFX
Gold fluctuates at high levels and is ready to goIn the 4-hour chart, the mid-term bottom continuous positive pattern reflects the bullish strength, but the current price has not effectively stood above the middle track of the Bollinger Bands, so it is not in a very strong state. Based on this, there are still trading opportunities for falling back and going long today, and the support points below the small cycle level are at two key points of 3320 and 3310. If the gold price falls back to the above key support levels during the Asian and European trading sessions, you can follow the trend to arrange long orders, and the key to the market rhythm is still in the US trading session. If there is a unilateral surge in the US trading session on Friday, you can look at the extreme rising target; if there is a shock sweeping market during the US trading session, you don’t have to be obsessed with the gold price will definitely go out of the big rise space, and you need to flexibly adjust the trading target according to the actual market changes. Overall, in terms of today's short-term gold operation ideas, it is recommended to use the rebound high-altitude as an auxiliary strategy and the retracement low-long as the main strategy. The short-term focus on the upper side is the 3327-3454 line resistance area, and the short-term focus on the lower side is the 3286-3360 line support area. Operation strategy: Gold is recommended to rebound to high altitudes as the main, and to fall back to low altitudes as the auxiliary. The short-term focus on the upper side is 3327-3454 line resistance, and the short-term focus on the lower side is 3286-3360 line support.
OANDA:XAUUSDShort
by MariaLee66
Real-time Operation Explanation of XAUUSDLooking back on our previous analyses, we have repeatedly emphasized the close correlation between the easing of tariff issues and the pullback in the price of gold 🔍 Now, based on the judgment of the latest market dynamics, today's trading strategy for gold still maintains short selling as its main tone 📉 Here, we solemnly remind all freelance traders that to avoid the risk of account liquidation caused by drastic market fluctuations, it is advisable to stay away from taking long positions as much as possible ⚠️ From a technical analysis perspective, 3340 has formed a solid resistance barrier 🚧 Once the price of gold rises and reaches this area, it is highly likely to encounter strong selling pressure and decline 📉 This is precisely the optimal time to place a short order 📝 If the price breaks through 3340, look up to the range of 3360 - 3380, and continue to place short orders. In addition, the price range of 3330 to 3320 deserves special attention 👀. As the starting point of a large bullish candlestick on the hourly chart, it is also a potential support level for long positions during retracements 📈 At the same time, the gain or loss of the key support level of 3280 below is of great significance 📊 If this support level is effectively broken, it indicates that the bearish forces have full control of the market, and the price of gold may initiate a new round of decline ⬇️ The next target price can be focused on around 3195 🎯. It is crucial to keep in mind that in the actual trading process, formulating a rigorous SL and TP strategy, as well as reasonably managing the position size, are the keys to achieving stable trading 🔑 ⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️ 🚀 Sell@3380 - 3360 - 3340 🚀 TP 3330 - 3320 - 3300 - 3280 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
FOREXCOM:XAUUSDShort
by Sovereign-
2
4/24 Gold Trading StrategyYesterday's intraday recommendation to buy near 3260 has paid off, with gold trending upward after the market opened today and generating solid profits. The current pullback appears to be a healthy support retest. However, caution is needed—if the price breaks below 3306, momentum could drag it under 3300 again. Should that happen, a renewed long position at lower levels is still worth considering. The rebound so far lacks both strength and duration, suggesting a potential shakeout. While it could also be a bull trap, entering at lower levels limits downside risk—with the worst case being reduced profits, not significant losses. Today's Trading Strategy: Sell Zone: 3410–3440 Buy Zone: 3267–3230 Flexible Trading Zones: 3383–3340 / 3288–3336
FOREXCOM:XAUUSDLong
by China_MsWang
Gold Potential Ideas - April 23, ahead of Unemployment Claims📉 Macro Snapshot – April 24, 2025 Gold is currently trading at 3337, stuck in mid-structure between supply at 3384–3414 and demand stacked between 3255–3260 and 3224–3233. 🕒 Key time today: Unemployment Claims and Durable Goods Orders hit. High-impact potential. Expectations: 🔺 Strong data → possible spike down into buy zones 🔻 Weak data → potential liquidity grab into sell zones first No confirmed shift unless 3344 is broken or 3220 is reclaimed. This is a reaction day, not a breakout day. Let price come to levels — and strike with confirmation. 🔴 SELL ZONES 🔴 Sell Zone 1: 3384 – 3393 🧱 Confluences: HTF imbalance + OB + structural trap zone 🛡 SL: 3398 🎯 TP1: 3365 🎯 TP2: 3341 🎯 TP3: 3310 🔴 Sell Zone 2: 3410 – 3415 🧱 Confluences: Premium OB + liquidity grab zone 🛡 SL: 3421 🎯 TP1: 3384 🎯 TP2: 3362 🎯 TP3: 3330 🔴 Sell Zone 3: 3450 – 3457 🧱 Confluences: Untouched HTF OB + psychological stop hunt 🛡 SL: 3465 🎯 TP1: 3410 🎯 TP2: 3380 🎯 TP3: 3341 🟢 BUY ZONES 🟢 Buy Zone 1: 3274 – 3282 📍 Strong support pocket — demand + Asia low 🛡 SL: 3264 🎯 TP1: 3300 🎯 TP2: 3330 🎯 TP3: 3350 🟢 Buy Zone 2: 3250– 3260 🧠 Confluences: Deep OB + liquidity grab + structural base 🛡 SL: 3245 🎯 TP1: 3272 🎯 TP2: 3300 🎯 TP3: 3313 🟢 Buy Zone 3: 3224 – 3233 📍 HTF EQ + reactive demand 🛡 SL: 3218 🎯 TP1: 3255 🎯 TP2: 3280 🎯 TP3: 3303 📌 Important Notice!!! The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action. 📣 If this strategy sparked clarity, hit that like button and follow. 💛
FOREXCOM:XAUUSD
by GoldMindsFX
Gold surged and then fell back to fluctuate. How to profit? Trump said he was ready to significantly reduce the broad tariffs on Chinese goods. On the same day, Trump also said he had no intention of firing Fed Chairman Powell, who had previously asked the Fed to cut interest rates immediately. This move shocked the market and triggered warnings from business leaders. Short-term trading of gold and US dollars on April 24: US market focuses on 3350-66 to suppress shorts, stop loss 3375, take profit 3317/3300 ⭐️ 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
OANDA:XAUUSDShort
by Labaron
1
#XAUUSD :Is it a Correction Or a start of Major Bearish Trend? Gold has plummeted from 3550 to 3270, and it’s been falling steadily. We firmly believe that the price could reverse from either of our entry points, but given its significant drop, it raises concerns among traders. If the trend has shifted to bearish, it will likely continue to target buyers’ stop losses. In these market conditions, we strongly advise trading with utmost caution and prioritising risk management. Good luck and trade safely. Thanks for your support! 😊 If you want to help us out, here are a few things you can do: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️
OANDA:XAUUSDLong
by Setupsfx_
15
How to break through the heavy pressure from above?From the analysis of the 4-hour line, today's support is around 3300-3310. If it falls back during the day, you can buy more once before rebounding. The upper short-term resistance is around 3340-3356, and the focus is on the suppression of 3380-90. The overall support is to maintain a wide range of long and short fluctuations in this range. In the middle position, watch more and move less, and follow orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: Gold rebounds at 3340 and goes short, rebounds at 3360 and covers short positions, stops at 3367, targets 3300-3310, and continues to hold if the position is broken;
OANDA:XAUUSDShort
by MariaLee66
1
XAU/USD Gold Trade Plan 24/4/2025XAUUSD (Gold) Trading Outlook: Buy Entry: $3,325 Key Support Zones: $3,260 and $3,200 Market Scenarios: Bullish Scenario: If XAUUSD sustains above the $3,260–$3,200 support zone, the bullish structure remains intact. A rebound from this zone may offer a buying opportunity with an upside target of $3,500. Bearish Scenario: If the price breaks below the $3,200 support level and falls through the channel, it may signal a bearish trend continuation, suggesting potential downside movement.
OANDA:XAUUSDLong
by XAUUSD-Trade-ideas
5
XAU/USD "The Gold" Metal Market Heist Plan (Swing/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red zone area. It's a Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (3400) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📍 Thief SL placed at the nearest/swing low level Using the 2H timeframe (3280) Day / Swing trade basis. 📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 3700 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 💰💵💸XAU/USD "The Gold" Metal Market Heist Plan (Swing/Day Trade) is currently experiencing a Bullish trend.., driven by several key factors.☝☝☝ 📰🗞️Get & Read the Fundamental, Macro Economics, COT Report, Geopolitical and News Analysis, Sentimental Outlook, Intermarket Analysis, Index-Specific Analysis, Future trend targets with Overall outlook score... go ahead to check 👉👉👉🔗🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
TICKMILL:XAUUSDLong
by Thief_Trader
Gold stopped falling and stabilized and reboundedIn terms of market conditions, yesterday there was another big drop, from 3386 to 3260, with a total drop of 126 US dollars. This is the power of Trump's speech on reducing tariffs. Gold prices rise and fall as soon as he opens his mouth. Sometimes I really doubt whether he, a businessman, is investing. There may be a group of people around him who know his speech in advance and wait for the capital market to make money. Back to the point, the entire decline of gold from 3500 to 3260 reached 240 US dollars, which took only two days. While the price fell, it brought about the correction of technical indicators, especially the daily line just stepped back on the short-term moving average, and the hourly line and the 4-hour cycle showed a healthy state. The market returned to the technical trend, but the current high price base brought about large daily fluctuations, so you should get used to it and do a good job of risk control. At present, gold has stopped falling and stabilized. The daily line closed with a big negative for two consecutive days. The correction of the decline of 240 US dollars is almost in place, which is basically the same as the adjustment of 210 US dollars in the previous round. Then the probability of breaking the low again today is not high. The retracement adjustment in the strong bull market is generally about three trading days. Today is the third day. Combined with the decline in the previous two days, it is likely to fluctuate widely today. Lianyang's rise was blocked by the first-line pressure of 3367 and fell back. Pay attention to the first-line support of 3330 to continue to be bullish. The upper pressure is at 3385-3386. If it touches it, you can go short.
OANDA:XAUUSDShort
by MariaLee66
Gold rebounds weakly and returns to a downtrendGold trend analysis: The current gold price is in a stalemate stage of long-short game. On the one hand, the path of the Fed's easing policy has been basically clear, and the US dollar is facing correction pressure; on the other hand, the stable global risk sentiment and the strong performance of the stock market have weakened the attractiveness of gold as a safe-haven tool. The repeated signals of global trade negotiations have also made the market direction unclear. From a technical point of view, gold has received support after the correction to the 26.3% Fibonacci retracement level of 3317 this week, and has returned to above $3,300 in the short term. The upper resistance focuses on the 3380 position. Once it breaks through, it will open up space to the 3400 mark. From the daily gold chart, yesterday's gold price fell sharply and recorded a large real body negative candlestick pattern. The previous price peaked at a relatively obvious high, suggesting that the upper pressure effect is strong. The MACD indicator double line began to turn downward, increasing the risk of further short-term correction. However, the MA5 and MA10 moving averages have not turned downward yet, so you can pay attention to the support and defense of the moving averages. From the 4-hour gold chart, the gold price has maintained a volatile decline since it came under pressure at the 3500 line. The current price has fallen back to the 3260 line, with a short-term decline of US$240. Although there has been a rebound during the day, the upward trend has been destroyed. The MACD indicator double line has issued a dead cross reversal signal, suggesting that the correction trend may have started. After the rise, gold fell back and fell below the support levels of 3351 and 3330. Now the market rebounded near 3314, which is also in line with our analysis of the long and short trend. In the big trend, the gold rally did not cross 3380, so there is still downward demand, that is to say, it can only be regarded as a rebound during the decline. In the short term, this wave of gains stopped at 3367, and now it broke through 3351 and pierced 3316 to rebound. The main focus on the upper support conversion resistance level of 51, followed by 3342. Specifically, you can wait for 42 to be touched and use 51 as protection to go short to see the gold price break the previous rebound low of 3314 to 3300. If it breaks down effectively, you can move the protection loss down to see the position of the rebound turning point of 3283 and 3260.
OANDA:XAUUSDShort
by MariaLee66
Gold once fell below the 3,300 mark, can it rise again? 📌 Driving Event Spot gold (XAU/USD) once fell below the 3,300 US dollar mark, a significant correction from the previous historical high of nearly 3,500 US dollars. The market's risk appetite has increased, making the attractiveness of safe-haven assets weakened in the short term. However, repeated news about the direction of US policy and the Fed Chairman's movements may still affect the market in the medium and long term. 📊Comment Analysis From the perspective of market sentiment, the strong rise in gold prices in the early stage mainly relied on safe-haven demand and speculation about subsequent monetary easing. However, the short-term trend has led to some profit-taking in safe-haven assets due to the recovery of the equity market. This change in sentiment reflects the current market's optimism and caution about the US macroeconomic environment: once risk appetite weakens again, gold may be supported again; if risk appetite continues to rise, gold prices may continue to retreat. Overall, the market is in a state of repeated game, and sudden news can easily lead to large fluctuations in gold prices, and we need to continue to pay attention to the evolution of risk sentiment. ✅ Outlook for the future Short-term outlook: In the case of short-term technical continuation signals, gold prices may remain weak, and the support around $3,300 and $3,230.00 is worth paying attention to. If volatility further increases, it is not ruled out that prices will rebound quickly or bottom out rapidly. Medium- and long-term outlook: The upward structure at the daily level has not been completely destroyed. If the uncertainty of US policies increases or economic data is weak in the future, it will once again drive the recovery of safe-haven demand. Gold prices may still regain their upward momentum and hit $3,500 or even higher. On the contrary, if the equity market continues to strengthen, gold prices will face deeper correction pressure. ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose a lot size that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
2
4/23 Gold Trading StrategyGold saw a sharp decline from 3500 to around 3360 yesterday, and our selling strategy delivered significant returns. Over the weekend, Trump stated he has no intention to fire Powell and hinted at easing trade tensions. This quickly dampened market risk aversion, causing gold to plunge at the open today to near 3320. The downward momentum remains strong. In this kind of market, flexibility is key. A sharp drop is usually followed by a rebound, but the strength of that rebound is what matters. Technically, the potential bounce is estimated at around $50, but whether the price continues to rise or resumes its decline will depend on how the market digests the news. Technical levels (excluding news impact): Key resistance: 3410–3440 Key support: 3328–3303 Considering the news: Key resistance: 3346-3372 Key support: 3298–3268 Trading Strategy for Today: Sell between 3410–3440 Buy between 3297–3267 Trade flexibly within 3386–3332 / 3296–3328
FOREXCOM:XAUUSDLong
by China_MsWang
2