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XAUUSD Breakout Brewing -- Squeeze Setup in Play📆 June 12, 2025 | ⏱ 4H Chart Analysis Gold (XAUUSD) is pressing against a key trendline resistance while holding a clean, ascending trendline from early March — forming a classic triangle squeeze. 🔍 Technical Breakdown: The long-term bullish trendline has been respected three times, with each touch followed by strong buying interest (see orange circles). Current price action is compressing between this trendline and descending resistance, tightening toward a potential breakout zone. Two likely outcomes on the table: 🔺 Bullish Scenario: A confirmed breakout above $3,385 could fuel a rally toward $3,500–$3,520, especially if momentum accelerates. 🔻 Bearish Scenario: Breakdown below $3,260 risks deeper correction toward the $3,000 psychological level, aligning with prior demand zones. 📊 Indicators Insight: EMA(15) & EMA(60) have flattened → signaling potential volatility expansion ahead. Volume is building slightly, adding weight to a coming move. ================================================================= ⚖️ Trade Idea (Not Financial Advice) 🟢 Buy on breakout above 3,385, Target: 3,500+ 🔴 Sell on breakdown below 3,260, Target: 3,000 📌 Wait for confirmation and avoid chasing within the squeeze range. 💬 What's your take — will gold break through or bounce back? 📌 Follow for consistent multi-timeframe setups across Gold, Silver, and FX majors — 2–3 times weekly. #XAUUSD #Gold #TechnicalAnalysis #BreakoutSetup #Forex #EMA #SqueezePlay #TrianglePattern #tradingview #MJTrading
PEPPERSTONE:XAUUSD
by MJElahifx
1
Gold surged, what will be the trend today?Information summary: On Wednesday, the US dollar index plunged during the session as the CPI data that was lower than expected boosted the market's expectations of interest rate cuts. As of now, the lowest point is near 98.2. After the release of the CPI data, gold rose in the short term and touched the 3360 US dollar mark, and then quickly gave up the gains and retreated to around 3320. However, it rose again due to the sharp escalation of the situation in the Middle East. As of now, the highest is around 3380. Market analysis: From the current 4-hour chart: Yesterday's 3360 pressure level has been broken, and the Asian market has successfully stood above this position in the early trading. Then the suppression position of 3360 has turned into a support level. Therefore, the position we should pay close attention to next should be 3360-3350. If the price falls back to around 3350, it is possible to enter the market and do more. If the price rises again, it is very likely to break through 3400. Once it breaks through 3400, it will most likely reach around 3420. Secondly, from the hourly chart, there are some signs of head and shoulders bottom. It would be perfect if it can fall back and then go up again. But gold cannot fall below 3345 again. If it falls below 3345 again, it cannot be long. Operation strategy: Go long when the price falls back to around 3350, stop loss at 3340, profit range 3375-3400.
OANDA:XAUUSD
by Quaid-1
2
Gold rebound is still a short-selling opportunityFirst of all, let's take a look at why the market is still not reversing after a big rise, and there is a rapid rise and fall? The data is bullish, and gold is rising rapidly, but we should pay attention to the sustainability of the rise, and secondly, the current trend direction. The overall trend of gold is still fluctuating downward recently, so even if the data is bullish, it is likely to just give an opportunity to "go high and short". Although gold performed strongly after the data was released, it began to fall under pressure at the 3360 line, the trading concentration area of ​​the last box shock, indicating that the bulls' volume is still not enough to break through the upper resistance. It is reasonable to rise and fall. Since gold is currently in a market that is tempting to buy more, it means that the main trend is still bearish. The rebound is still dominated by short selling. The gold 1-hour cycle closed with a long upper shadow, indicating that the upward attack is weak, indicating that the area above 3350 is still a strong pressure area. This upward rush is just a short-term effort with the help of data benefits, which is a typical false breakthrough. Therefore, gold rebounded to the 3350-3360 area in the US market, and it is still dominated by high shorts. This is the charm of the market - some people are always hesitant in the ups and downs, while others can always grasp the key turning points. The premise is to be able to see the trend clearly and follow the trend. Don't be led by the market, but understand: Is the current fluctuation a trap or an opportunity? If the direction is wrong, the effort will be in vain; if the direction is right, you will get twice the result with half the effort. Don't make excuses for failure, just find ways to succeed. Have you found it? All recent trading strategies and ideas have been realized, and the point predictions are accurate. If your current gold operation is not ideal, we hope to help you avoid detours in your investment. Welcome to communicate with us!
OANDA:XAUUSDShort
by TP_Daniel5
How is the market situation during the China-US talks?Information summary: On Tuesday, as the China-US trade negotiations entered the second day, the US dollar index fluctuated around the 99 mark. The gold price once approached the 3,300 US dollar mark in the Asian market, and then continued to rise, reaching the highest of the 3,350 US dollar mark. After the opening of the US stock market, all the gains during the day were given up, and it has been maintained below 3,350 for consolidation. From the current known negotiation information, the two sides basically agree on the general direction and principles, but it means that more specific content and details have not yet been fully negotiated, and more dialogue is needed to resolve. Market analysis: From the current gold market, as long as the 3,350 mark cannot be strongly broken through next, the price will fall again. The consolidation range will remain at 3,300-3,350. As long as the price fails to break through strongly, there will still be a fifth wave of downward trend. Therefore, gold is still maintaining short selling operations at high points. Operation strategy: Short at 3345-3450, stop loss at 3360, the first target is this week's low of 3300, the second target is 3285, and the third target is 3250.
OANDA:XAUUSDShort
by Quaid-1
Analysis of gold prices on June 11 📌Gold news 🎈Economic data and policy expectations U.S. employment data; initial jobless claims increased for two consecutive weeks, and the market focus shifted to the non-farm payroll report released this week. The data performance will affect the Fed's policy path. Trump pressures interest rate cuts: Trump recently called on the Fed to cut interest rates by "one percentage point" again, and hinted that he would consider replacing the Fed chairman, exacerbating market expectations for loose monetary policy. 🎈Long-term support factors Despite short-term fluctuations, global economic and geopolitical uncertainties (such as repeated trade frictions and debt risks) still provide long-term safe-haven demand for gold, especially in the context of the divergence of monetary policies between European and American central banks, the allocation value of gold is highlighted. 📊Technical analysis Before the European session, the gold price showed a continuous positive trend. I gave a hint in my analysis that I was not in a hurry to guess the top, and followed the trend to rise to around 3340 and wait for the turning point to appear. The opening trend of the European session tended to fluctuate until it rose to around 3348 in the evening and then turned from rising to falling, but the decline was not strong. It rose again at the position of the European session. Now the gold price is trading around 3350. From the market point of view, this wave of rise was supported by the trend line at 3300. Whether it was geopolitical conflicts or various news about Sino-US trade negotiations that stimulated buying to drive gold prices up, the second rise in the US session has exceeded 3340. The next key suppression level is around 3360, which is 618 from 3403 to 3300, which can be treated as a turning point. The initial support below focuses on the high point of yesterday's Asian session at 3338. 💰Strategy Package Waiting for gold: short at 3355-3360, stop loss at 3365, target at 3340-3328! ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds
OANDA:XAUUSDShort
by Labaron
1
Gold V-shaped reversal still has room to rise In the morning, the market was under pressure at 3328, and two consecutive big negative lines fell to the low of 3302, breaking through the lower track of the descending flag consolidation channel, forming an effective break. 3317 was originally the confirmation point of the channel counter-pressure, and it was also the 618 split resistance at the time. Then the middle track was lost, and the trend was bearish, so it tried to rebound but continued to fall under pressure. But the market immediately made a V-shaped reversal, breaking through the morning high of 3328, and had attacked to 3342 before the US market. The European session was volatile and strong, and with the help of a pullback before and after the U.S. session to lure short sellers, there is still hope for a second rise The focus of the support for the retracement is on two positions: one is the 3322 line, corresponding to the middle track and 50% split support; the other is 3318, corresponding to the 618 split support. If it stabilizes after touching it, it will most likely point to the 3348 counter-pressure position. If the pressure of 3348 cannot be broken, there is still a possibility of repeated fluctuations in the short term. It is necessary to pay attention to whether the secondary low point appears when it pulls back to further consolidate the support structure. If the market directly breaks through and stands above 3348, 3293 may have been confirmed as a short-term low. The recent trading strategy ideas are all realized, and all the points are predicted accurately. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us!
OANDA:XAUUSDLong
by TP_Daniel5
Gold fluctuates repeatedly and opportunities emerge.Gold bottomed out in the Asian session and rebounded to break through the opening of the decline. The European session continued to break through yesterday's high. The US session continued to break through the key pressure position of 3335-3345, and walked out of the standard strong cycle. After the break, it is necessary to change the thinking and follow the trend to be bullish. Pay attention to the support below 3315-3325. In terms of operation, it is mainly long when it falls back. The upper side gradually looks to 3352 and 3365. If the pressure is not broken, look at the falling space! Operation suggestion: Go long when gold falls back to 3325-3315, and look at 3338 and 3352! If the pressure above 3352 and 3365 is not broken, you can short! The recent trading strategy ideas are all realized, and all the points are predicted accurately. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us!
OANDA:XAUUSDLong
by TP_Daniel5
The short-term tug-of-war for gold is starting Gold prices continued their decline last Friday and stabilized and rebounded. Yesterday, gold prices fell back to the 3,300 mark, then slowly rose to the 3,338 mark, and fell back after encountering resistance, which is in line with the technical consolidation rhythm. - China-US trade negotiations: The US has released signals that it is willing to relax export restrictions, and the market is waiting for the results of the negotiations, which may affect risk sentiment. - US May CPI data: Inflation changes will provide key guidance for the Fed's policies. - The current trend is weak, but the downside is limited. Buy on dips and avoid large-scale shorting. - Today, it is recommended to wait and see, and wait for the negotiation results to become clear before entering the market to reduce volatility risks. 🔥Sell gold area: 3330-3348 SL 3352 TP1: $3320 TP2: $3310 🔥Buy gold area: $3295-$3305 SL $3290 TP1: $3320 TP2: $3330
OANDA:XAUUSDShort
by Labaron
2
Gold is falling. Where is the low point?Market summary: Yesterday, thanks to the weakness of the US dollar, the US dollar once fell below the 99.0 mark. Spot gold rebounded from the low of 3293 hit earlier in the session, recovering all the losses during the day, and the highest point was near 3338. It fell from the high point in the early Asian session on Tuesday, and has been consolidating in the 3300-3310 range so far. In my early analysis, I pointed out that there is a high probability that the fifth wave of the wave trend will fall at the beginning of this week, and as I predicted, it is completing the fifth wave of the downward trend. Trend analysis: From the four-hour chart, the fourth wave of rebound has been completed, so today is the fifth wave of the downward trend. Next, we look at the two target ranges. The first target is around 3280, and the second is 3260-3350. And today, it is highly unlikely to stabilize above 3310, so don't choose to short at the rebound high point, the chance is very slim. Operation strategy: Short around 3310, stop loss at 3320, profit range 3380-3350.
OANDA:XAUUSDShort
by Quaid-1
1
Gold price rebounds, short-term strength?After the opening of the U.S. stock market today, the price of gold rose rapidly, breaking through the first resistance level of 3325, and currently reaching the intraday high of 3337. However, from the hourly chart, the current price has not reached the upward trend point I predicted, so the price is likely to rise slightly again in the future. From the 4-hour chart, gold rose again after falling back in the U.S. market, and the price broke through the 3325 position upward, which means that the short-term is strong; in the morning analysis, I predicted that gold would fall back and rush high, and the fall back can be short-term long, and the volatile market can be operated in the short term according to this strategy. At present, the 4-hour MA5-day and 10-day moving averages have a trend of forming a golden cross upward, and after the fall in the morning, the moving averages are currently showing an upward turning trend. Therefore, after the price breaks through 3325, the probability of continuing upward is still relatively large, and the pressure position is 3345; this position is the point after the fall back from the high point in May, and it is also an important pressure position after the current price falls back and rebounds. The price is currently heading towards a retest of 3340-3345 levels. If the dollar continues to fall and gold manages to consolidate above 3345, the bullish trend is likely to continue. However, a false breakout of 3340-3345 area could trigger a further decline following the breakdown of the bullish structure.
OANDA:XAUUSD
by Quaid-1
Gold hits 3335 in the US market and shorts ⭐️Gold information: Looking back at last week's trend, after hitting a high on Monday, gold prices fluctuated in a range from Tuesday to Thursday, and closed with a sharp drop on Friday, forming an M-top pattern from a technical perspective. This week, the market focus is on the high-level trade negotiations between China and the United States held in London. The market expects that the negotiations will proceed smoothly, and this optimism is bearish for gold. Based on the comprehensive technical and fundamental analysis, the gold price is still bearish today. It is recommended to pay attention to the short-selling opportunities in the rebound range of 3330-3340 US dollars. ⭐️Set gold price: 🔥Sell gold area: 3330-3340 SL 3345 TP1: $3320 TP2: $3310 TP3: $3295
OANDA:XAUUSDShort
by Labaron
1
Gold support near 3280 remains strong! ⭐️Gold information: Gold prices (XAU/USD) stabilized near $3,310 in early Asian trading on Monday, and gold prices struggled to gain momentum against the backdrop of renewed strength in the U.S. dollar (USD). As of press time, gold was around 3315 points. Although the strengthening U.S. dollar posed resistance to gold, lingering uncertainty surrounding President Trump's tariff strategy continued to provide some support for it. On Friday, optimistic labor market data boosted the dollar and put pressure on dollar-denominated assets such as gold. The U.S. Bureau of Labor Statistics (BLS) reported that nonfarm payrolls increased by 139,000 in May, exceeding expectations of 130,000 and exceeding the revised 147,000 (originally 177,000) last month. The stronger-than-expected employment report dampened hopes for a near-term rate cut by the Federal Reserve and weighed on the appeal of gold prices. ⭐️Set gold price: 🔥Sell gold area: 3348-3350 SL 3355 TP1: $3340 TP2: $3330 TP3: $3320 🔥Buy gold area: $3281-$3279 SL $3274 TP1: $3292 TP2: $3300 TP3: $3315
OANDA:XAUUSDShort
by Labaron
1
The decline is not complete, beware of the low point.Last Friday, the US dollar index rose and recovered the 99 mark as the non-farm data exceeded expectations and weakened the Fed's hope of cutting interest rates this year. Spot gold continued to fall after the release of non-farm data, breaking through the 3345 and 3330 levels. Market analysis: First look at the 4-hour chart of gold: It broke through the 3300 mark in the early Asian session on Monday and is currently maintained near 3310. However, from the current point of view, the decline of gold has not been completed. From the trend point of view, gold must at least test the position near 3280 and 3250 before there will be a relative chance of rebound. Once it falls below 3250, gold may not have a chance to rebound, and it will officially enter a bearish trend, and it will be greeted by a bearish trend at the daily level. From the hourly chart, if it cannot stabilize above 3310, then gold is likely to fall, and see whether it will break through 3280 or 3250. On the contrary, if it stabilizes above 3310, it may hit the early high near 3320 again. However, as long as it cannot stabilize above 3325, gold will still fall. Now you should pay attention to where to short gold. Operation strategy: If the price cannot stabilize above 3310, you can short near 3310. If it stabilizes above 3310, you can wait for short near 3320.
OANDA:XAUUSDShort
by Quaid-1
In the new week, is gold brewing a new market?Information summary: This week, the market continued to be affected by Trump's tariff policy and the progress of negotiations. On Thursday, the phone call between the Chinese and US heads of state boosted market sentiment. In the early stage, the precious metals market ushered in a collective rise, and the prices of silver and gold performed strongly. Silver rose to a 13-year high on Thursday, breaking through $36 for the first time since February 2012. After gold hit the $3,400 mark during trading on Thursday, the US dollar rose as friendly talks between China and the United States stimulated the rise of the US dollar; gold fell rapidly and gave up all the gains during the day. On Friday, the US stock market closed at its highest level since February due to the boost of non-agricultural data. Gold continued its retreat trend again, closing at around 3,310 as of Friday. Market analysis: From the trend of the US dollar, there is already an opportunity to bottom out, and the trend at the beginning of the week is critical. Once the US dollar stands above 99.5 at the beginning of the week, it will continue to touch the 100.0--100.2 mark. If it stabilizes above this position, gold will most likely fall below 3300 next week. First, from the weekly chart: The current moving average support below the weekly line is almost at 3250-3260. If it can hold here, gold may continue to maintain consolidation and wait for an opportunity to choose a new trend. However, if it falls below 3250, it can fall to the 3200 mark. If 3200 falls below again, it will be the low point of 3100. It can also be seen from the daily chart that the important position of gold is at 3318-3280. If it stands above 3318, gold is in a bullish upward trend. If it falls below 3280, gold will enter a bearish trend. At present, gold has closed below 3318, so from the daily line, the next target is around 3280. If 3280 falls below again, then as the weekly analysis shows, it will test 3250-3260. However, judging from the daily chart, I think the market will not go down too easily. Therefore, I guess that gold may follow the head and shoulders top structure of the daily chart next week. It may fall to 3250-3260 at the beginning of the week to lure short sellers into the market, and then stretch and rebound to around 3350 to form a shoulder position. Finally, it will directly dive down to around 3150. The Asian market is about to open, and I hope my analysis can help everyone make some profits in the market. A new week is about to begin, and I wish you all good luck.
OANDA:XAUUSDShort
by Quaid-1
Gold will still fall below 3,300 next week! 📣World Situation: Gold prices fell for the second consecutive trading day on Friday, but are still expected to close with a gain of more than 1.30% as traders readjusted expectations for Fed policy easing after a stronger-than-expected US non-farm payrolls report. At the time of writing, XAU/USD was trading at $3,322, down 0.84% ​​on a daily basis. The US Bureau of Labor Statistics (BLS) reported that the labor market continued to show resilience, with the unemployment rate remaining stable from April. Meanwhile, Wall Street rebounded modestly from Thursday's losses despite increased political tensions between President Donald Trump and Tesla CEO Elon Musk after the House of Representatives approved a bill to raise the US debt ceiling. Next Wednesday: ① Data: API crude oil inventory in the United States for the week ending June 6, US May unadjusted CPI annual rate, May seasonally adjusted CPI monthly rate, May seasonally adjusted core CPI monthly rate, May unadjusted core CPI annual rate, pay attention to real-time data changes. Geopolitical risks and trade tensions have eased, and the call between Chinese and American leaders has released a signal of easing. Trump said that the trade negotiations have reached a "positive conclusion", weakening the attractiveness of gold as a safe-haven asset. 🔥 Technical side: Based on the resistance and support levels of gold prices on the 4-hour chart, NOVA sorted out the important key areas as follows: Resistance: $3347, $3400 Support: $3252, $3202
OANDA:XAUUSDShort
by Labaron
Gold plunges, what will be the trend next week?From the daily chart: Since the last round of breaking the triangle convergence oscillation and breaking the trend line, gold has surged to 3400, but the upward momentum is insufficient and it has retreated. The low point of the retreat on Friday happened to be the support level of the previous triangle convergence trend line near 3300. If it falls below, the price will return to the triangle convergence oscillation range, and the gold price may fall further; From the perspective of gold 1 hour, the MA5-day and 10-day moving averages have formed a dead cross downward, so gold still has downward momentum. After the gold 1-hour high box oscillation, gold finally broke through the box downward, indicating that the gold shorts are better, so the bottom of the gold box has now formed resistance, and the gold short-term resistance to gold has been formed near 3335. If gold is 3335 at the beginning of next week, then gold can continue to be short. Next week's operation strategy is still around the 3285-3335 range.
OANDA:XAUUSD
by Quaid-1
1
Before the non-agricultural data, gold is waiting for the trendToday, the market will focus on the US non-agricultural employment data. The market expects that 130,000 new jobs will be added and the unemployment rate will remain unchanged at 4.2%. If the non-agricultural data is far worse than expected, it may continue to hit the US dollar and stimulate a sharp rise in gold prices. On the contrary, if it is higher than expected, it may also cause the US dollar to rebound, and gold will continue to maintain the possibility of low consolidation. Yesterday, the US stock market collapsed across the board due to the debate between Trump and Musk. Therefore, I am worried that Trump will continue to make remarks to boost the US stock market today. Once the US stock market rebounds again, gold may continue to fall, or remain at a low level for consolidation. From the 4-hour chart, it can be seen that gold has been rising along the 4-hour trend line. However, from the current chart, gold has not yet stepped back. Therefore, it is not ruled out that gold will continue to step back to 3330-3340 and then choose a direction again. 3330-3340 is a critical position. Once it falls below 3330 again, it is very likely to directly touch 3300. On the contrary, if it stabilizes at 3330-3340 again, then gold will definitely stabilize above 3400 if it goes up again. Secondly, from the perspective of the US dollar: The bottom divergence structure appears here in the 4-hour chart. Therefore, once the divergence of the US dollar takes shape, it will also cause gold to return to a low level again. Therefore, be careful when going long on gold today. The position where you can go long today is in the range of 3330-3340. Secondly, if gold falls below 3330 today, it will test around 3300, so another long position for gold is around 3300. On the contrary, if it falls below 3300, there will be no chance to go long on gold, and the subsequent decline may accelerate.
OANDA:XAUUSD
by Quaid-1
Non-farm data is expected to help gold recover from its decline! Gold prices rose sharply in the Asian and European sessions yesterday, and fell in the US session. The roller coaster-like trend at the end of the day gave up all the gains during the day, falling below the 3350 mark and touching the 3339 line. The daily pattern showed a trend of first rising sharply and then falling sharply. The technical daily chart has been alternating between positive and negative for four consecutive trading days. The New York market fell sharply and tested the 7-day moving average, but the price is still running above the 10-day moving average/7-day moving average. The Bollinger Bands on the short-term four-hour chart closed, the RSI indicator's middle axis flattened, and the hourly chart's four-hour moving average was glued. From a technical perspective, gold intraday trading is arranged with a volatile mindset, and the intraday range is arranged with reference to 3328/3388. Today's fundamentals focus on the non-agricultural employment data released by the New York market. The previous value was 177,000, and the market estimate was only 130,000. According to the estimate, it is bullish for gold/silver. This year has always emphasized that 2025 is a strong year for gold, and gold may enter an acceleration period of long-term structure this year. Tariff trade policies, geopolitical tensions, the Federal Reserve's interest rate decision, the decline in confidence in U.S. debt, and the increase in global central bank purchases have all affected the trend of gold as a strong safe-haven tool, and gold will have room to rise. Therefore, as long as the overall environment remains unchanged, gold is still an absolute bullish trend. Therefore, no matter how it is adjusted, now is an opportunity to enter the long position. Gold fluctuated in the 3332-3392 range in the first three days of this week. During this period, our high-altitude and low-multiple layout was completed as expected. Then, today gold will remain in this range and fluctuate upward. If it rises above 3400 and stabilizes, it will look to 3500 above; if it breaks through 3330, it will look to 3280 below. Pay attention to the fluctuations before the release of non-agricultural data. Non-agricultural data will cause an increase in liquidity, so try to avoid it. Key points: First support level: 3342, second support level: 3328, third support level: 3303 First resistance level: 3376, second resistance level: 3388, third resistance level: 3410 Operation ideas: Buy: 3340-3343, stop loss: 3332, target price: 3360-3370; Sell: 3387-3390, stop loss: 3400, target: 3370-3360;
OANDA:XAUUSDLong
by Labaron
2
Today’s gold strategy: go long on support and short on pressure!Today, there is a high probability that the volatile bullish trend will continue. In terms of operation, we should seize the opportunity of short-term bullish. The key support level of the daily line is around 3350-3355. If it falls back to this level, you can arrange short-term bullish with a light position. If the market is strong and there is no obvious correction, you can enter the long position in advance at the 3370 line. Pay attention to the upper resistance level of 3400-3405. Once it breaks through effectively, wait for the opportunity to arrange short positions after the surge. In the volatile market, both long and short positions have opportunities. Don't chase the rise and sell the fall. Be sure to wait patiently for the right time to enter the market and strictly control the position. Gold operation suggestions: short gold rebounds around 3400-3405. Go long gold when it falls back to around 3350-3360. Go long at 3370 first if it is strong and does not pull back.
OANDA:XAUUSDLong
by TP_Daniel5
Gold is long near 3350 in the US market It was at 3361 the previous second, and it reached 3348 the next second. The market was directly washing up and down. You said it would fall. It broke through 3400 directly when it rose, but then fell again. It fell directly below the 3350 bullish dividing point when it fell. The current point is around 3353. Friday is the big non-agricultural data, and we are waiting for the non-agricultural data to be laid out again tomorrow! Gold: BUY GOLD zone: light position operation (can add positions in batches) $3344- $3354 SL $3339 TP around3400- 3410
OANDA:XAUUSDLong
by Labaron
2
US market fluctuates around 3400-3370, short first 📌 Driving events Heightened tensions between China and the United States have also fueled the bullish momentum of gold prices. As the upcoming trade negotiations between Washington and Beijing are full of uncertainty, investors have sought safe-haven assets such as gold. Adding to the market's nervousness, President Donald Trump signed an executive order to double the import tariffs on steel and aluminum from 25% to 50%, effective June 4. The move came a few days before Trump's much-anticipated call with Chinese President Xi Jinping, further fueling concerns about escalating trade frictions. 📊Commentary and analysis Gold failed to fall back to 3353 during the day, and the lowest point was 3360, and it ushered in an increase, and the highest point was 3403. In the short term, 3403 was suppressed, or it may fall back, and then it fell into volatility again. The idea is to suppress short positions around 3403, stop loss at 3413, and stop profit at 3380-3372. Short-term trading, pay attention to risks. June 5th US gold short-term trading: short near 3400, stop loss 3413, light position, take profit 3375 Short near 3372, stop loss 3360, take profit 3400 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds
OANDA:XAUUSDLong
by Labaron
1
Gold fluctuates. It is expected to retreat.Gold continued its strong performance on Monday in the early trading yesterday and reached a high of around 3391 before starting to fall all the way. It was weak and downward in the European trading. The US trading quickly fell back to around 3335 and then rose again. However, it touched the 3372 line again in the morning and continued to fall, forming a large range of fluctuations. Affected by the ADP data, although the positive impact is large, it is very likely to be just an illusion given to the market, not to achieve a strong effect. The key pressure position above is maintained at around 3360, which may play the role of a watershed between long and short positions, and the strong pressure above will also be maintained at 3365; the support position below is around 3340. Once this position is broken, the room for decline may be expanded in the later period. Although the MA5-day and 10-day moving averages have the intention of forming a golden cross, they have not completely released the energy of the bulls, making the market more unpredictable for the bears. In the correction of the bulls' strong upward movement, there was no further effort. Perhaps this is one of the signs of bull exhaustion. The current channel position formed from 3391 also gives the bulls enough pressure. Only by breaking through this position again can a strong upward trend be achieved. Operation strategy: Short near 3360, stop loss 3370, profit range 3345-3330.
OANDA:XAUUSD
by Quaid-1