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Gold rose. Trend reversed.Gold rose slightly in early Asian trading on Wednesday, but fell under pressure near 3308. It fluctuated in the European trading range of 3296-3282. It broke through the US trading range and rose to around 3317 in the late trading. The daily line closed with a positive line with a lower shadow. After a sharp drop on Tuesday, gold showed a downward recovery trend on Wednesday and closed positive. It rose slightly in early Asian trading today. From the daily level, in the short term, we should first pay attention to the resistance near 3325-3330. This area brings together the current positions of the 5-day moving average, the 10-day moving average and the 60-day moving average, which is an important gateway for the game between long and short forces in the short term. If the gold price continues to be under pressure in this area, it means that the short-term upward momentum is insufficient, and we need to be alert to the risk of a market decline. If the above resistance area can be broken and the price continues to rise strongly, the next target will be the resistance near 3345, which is not only the high point on Tuesday, but also the current location of the 20-day moving average and the 30-day moving average, which has a strong technical resistance significance. In terms of support below, first pay attention to the support near 3280, which is the current support level of the trend line formed by the low points of May 15 and June 30, which provides certain support for the gold price. Operation strategy: Short at price rebound near 3345, stop loss at 3355, profit range 3320-3300 Long at price drop near 3315, stop loss at 3305, profit range 3320-3340
FOREXCOM:XAUUSD
by Quaid_1
Data is about to be released. Where will gold go?Yesterday, the market expected a trade agreement between the United States and its trading partners, which boosted risk sentiment, and the strengthening of the US dollar and the rise in US bond yields further added pressure on gold prices. Gold fell 1% during the day and once lost the $3,300 mark during the session. After gold bottomed out and stabilized at 3,320 on Monday, it fell sharply above 3,320 again on Tuesday and has now completely fallen below 3,320. The position of 3,320 is very important. In the 3,320-50 range, it chose to break down at 3,320 again. Today, the Federal Open Market Committee of the United States will release the minutes of the June monetary policy meeting. Although Federal Reserve Chairman Powell remained neutral on the June interest rate decision, many Federal Reserve officials released dovish signals. Federal Reserve Board member Bowerman has turned to support the possibility of a rate cut in July. From a technical point of view, the market has penetrated into the area around the lower support of 3,275-3,295. The rhythm of the entire market is still a process of oscillating decline. From the perspective of pressure position, the daily MA5 average line has not fallen below, and may fall again to around 3270. Once the market falls too fast and approaches this position, there is a high probability that there will be a rebound demand. Operation strategy: Buy near 3375, stop loss at 3365, profit range 3315-3320. Continue to hold position after breakthrough.
FOREXCOM:XAUUSD
by Quaid_1
Gold fell under pressure, and the watershed is 3321. ⭐️Gold Information: During the Asian session on Wednesday, gold prices (XAU/USD) continued to be under pressure, falling below the $3,300 mark, hitting the lowest point in more than a week. The decline in gold prices comes as the market generally believes that the Federal Reserve (Fed) will maintain high interest rates for a longer period of time, especially as the market expects that tough U.S. tariffs may exacerbate inflation in the coming months. Such expectations have pushed up U.S. Treasury yields and stabilized the U.S. dollar (USD) near a two-week high hit on Tuesday - a key resistance for the non-yielding precious metal, which continues to face downward pressure. ⭐️Personal comments: Gold price fell below support, Dow Jones H1 pattern, gold price fell below 3300 ⭐️Set gold price: 🔥Sell gold area: 3344-3446 SL 3351 TP1: $3335 TP2: $3320 TP3: $3302 🔥Buy gold area: $3256-$3254 SL $3249 TP1: $3268 TP2: $3280 TP3: $3298 ⭐️Technical analysis: Set reasonable sell orders based on technical indicators EMA 34, EMA89 and support and resistance areas.
OANDA:XAUUSDLong
by labaronAA
1
Gold shocks and alternating long and short ideas 💡Message Strategy As we mentioned before, the upper 3345-50 is the suppression position after the non-agricultural data last week. We can short at the 45-50 line when it rebounds. Yesterday, we also gave the idea of ​​going long at the 3295-3301 line. At midnight, gold rebounded perfectly above the 3330 line and closed at the 3336 line. Today we continue to pay attention to the short-term suppression of the 3345-50 line. If the rebound does not break, we will intervene in the short order. After all, the technical side needs to be adjusted and repaired during the day. We try to grasp the good entry position for operation. If your current gold operation is not ideal, welcome to communicate! 📊Technical aspects From the 1-hour analysis, the short-term support of 3290-3295 is concerned below, the short-term resistance above is concerned about the 3345-50 line, and the suppression of 3365-70 is focused on. The overall main tone of high-altitude low-multiple cycle participation remains unchanged. In the middle position, watch more and do less, and follow orders cautiously, and maintain the main tone of participation in the trend. Wait patiently for key points to participate. Pay attention to the specific operation strategy in time. 💰Strategy Package Long Position:3290-3300，SL：3275，Target: 3320-3340
TVC:GOLDLong
by TheodoreSilas
Gold Ranges at $3,330–$3,335 – Ready for the Next Move📊 Market Overview: Gold is currently trading around $3,330–$3,335/oz, supported by a softer US Dollar and cautious sentiment ahead of key US labor data. According to TradingView, gold is consolidating in a tight range, reflecting market indecision while awaiting a clear breakout signal. 📉 Technical Analysis: • Key resistance: $3,345–3,350 – a strong supply zone that recently rejected price. • Nearest support: $3,320–3,330 – multiple bounce points observed here. • EMA09: Price is hovering around the 09 EMA on both 1h–4h timeframes → neutral/slightly ranging. • Candlestick / Volume / Momentum: o A “bearish flag” pattern appears to be forming, suggesting potential for a downside breakout. o Weak buying volume during upward moves signals limited bullish strength. 📌 Outlook: • Gold may continue to consolidate between $3,330–$3,345. • A break above $3,345 with strong volume could open the path to $3,360–$3,380. • A break below $3,330 could lead to further correction toward $3,300–$3,320. 💡 Suggested Trading Strategy: SELL XAU/USD at: 3,343 – 3,345 🎯 TP: 40/80/200 pips ❌ SL: 3,355 BUY XAU/USD at: 3,330 – 3,327 🎯 TP: 40/80/200 pips ❌ SL: 3,320
OANDA:XAUUSDLong
by Mian-FXSignals
Gold is going down without any signs. Will it continue?Yesterday's seemingly strong rise in gold's safe-haven market may make people mistakenly think that gold is going to rise sharply, but the recent safe-haven market has poor sustainability and poor upward momentum, and cannot maintain the continuation of the upward trend. Looking at gold in 1 hour, after the price surged, it continued to fall under pressure at 3345. 3345 is also the recent key position for long and short positions. The 1-hour moving average of gold is still in a short position and continues to diverge downward. The short-term short momentum of gold still exists. I think the price will still fall after the rebound. Gold started to fall directly at 3330, and 3330 formed a strong resistance for gold in the short term. The downward low point did not continue after touching 3288. The current price rebounded and fluctuated around 3295. So we can sell high and buy low around 3385-3325.
FOREXCOM:XAUUSD
by Quaid_1
1
Gold fluctuates. Beware of highs.On Monday, the U.S. dollar index rose sharply, reaching an intraday high of 97.65 as Trump announced that he would impose new tariffs on a series of countries including Japan and South Korea on August 1. Spot gold fell first and then rose. It once fell below the $3,300 mark during the session, but then rebounded strongly in a V-shaped manner by nearly $40. As of now, it has stabilized above 3,330. From the current daily line: 3,320 is the absolute support position for gold at present. Although it fell below 3,320 yesterday, Monday, it then reversed and stabilized above 3,320. For now, the daily line still cannot close below 3,320. If it closes below 3,320, the decline may open further. On the contrary, the current upper suppression position of gold is around 3,350. That is to say, it is basically maintained at 3,320-50 for rectification. If the daily line stabilizes at 3350 again, the bulls may rise again. From the 4-hour chart, gold currently shows signs of a head and shoulders bottom. If the 4-hour chart stabilizes above 3340 again, the suppression level of 3350 may be directly broken. Next, it may directly touch the high level of 3380-90. Therefore, in terms of operation, I suggest that you can maintain long positions at 3320-30. The first target is 3340-50. As long as the 4-hour chart stabilizes above 3340, you can continue to look at 3380-90.
FOREXCOM:XAUUSDLong
by Quaid_1
1
Gold Continues Slight Pullback📊 Market Overview: • Gold prices dropped ~0.7% to around $3,319/oz as optimism over the US trade negotiations and a tariff delay (from July 9 to August 1) reduced safe-haven demand. • The US dollar strengthened slightly on upbeat economic data and expectations that the Fed will not cut interest rates in July, adding pressure on gold prices. 📉 Technical Analysis: • Key resistance: $3,348 – $3,360 – $3,400 • Nearest support: $3,318 – $3,290 • EMA09: Gold is trading below the EMA50, indicating a short- to mid-term bearish bias. • Candle/volume/momentum: On the 1H and 15-min charts, the price structure shows a clear bearish expansion – trading below pivot levels with a "bearish opening" setup, suggesting strong selling momentum. 📌 Outlook: Gold may continue to move slightly lower in the short term if positive trade headlines and USD strength persist. However, if there’s unexpected negative news—like geopolitical tensions or a Fed policy pivot—gold could quickly rebound. 💡 Suggested Trading Strategy: SELL XAU/USD at: 3,348 – 3,350 🎯 TP: ~40/80/200 pips ❌ SL: ~3,355 BUY XAU/USD at: 3,290 – 3,295 🎯 TP: ~40/80/200 pips ❌ SL: ~3,285
OANDA:XAUUSDShort
by Mian-FXSignals
Gold rebounded from the bottom. Is the decline over?Gold prices faced selling pressure in today's Asian market. The price fell from 3343 to around 3320 in the early Asian session. The European price continued to fall, reaching a low of around 3296, and then rebounded upward. The current price is fluctuating around 3320. Most investors will focus on the minutes of the Federal Open Market Committee (FOMC) meeting to be released on Wednesday to get guidance on the trend. From the hourly chart, the upper pressure position is constantly being corrected. The current average pressure value is around 3330-3335. At the same time, this position is also the watershed between long and short positions in the previous dense area. The price may rebound to this position again. The lower support level is in the range of 3300-3290. Quaid believes that the current market is still showing a downward trend, and the price may fall back below 3300 again. Operation strategy: Short around 3330, stop loss 3340, profit range 3310-3300, sustainable ownership after breakthrough.
FOREXCOM:XAUUSDShort
by Quaid_1
Bearish pressure below 3,300 at the start of the week 📌 Driving Events Gold prices (XAU/USD) faced renewed selling pressure in early Asian trading on Monday, falling to the $3,320 level. Gold's pullback came as stronger-than-expected U.S. nonfarm payrolls data for June reshaped market expectations for the Federal Reserve's (Fed) policy path. Investors are now turning their attention to the Federal Open Market Committee minutes, which will be released on Wednesday, for further guidance. The U.S. added 147,000 jobs in June, better than expected and slightly higher than the revised 144,000 in May. Meanwhile, the unemployment rate remained stable at 4.1%. These data reinforce the view that the labor market remains resilient, reducing the likelihood of an imminent rate cut by the Federal Reserve. As a result, the U.S. dollar strengthened, weighing on non-yielding assets such as gold. 📊Comment Analysis The decline at the beginning of the week, gold prices give up accumulation below 3300 💰Strategy Package ⭐️Set gold price: 🔥Sell gold area: 3337-3339 SL 3344 TP1: $3328 TP2: $3312 TP3: $3300 🔥Buy gold area: $3297-$3295 SL $3290 TP1: $3308 TP2: $3320 TP3: $3330 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by labaronAA
Gold/USD Bullish Reversal from Support Zone Gold/USD Bullish Reversal from Support Zone 🟢📈 Technical Analysis: Support Zone: Price is consistently respecting the horizontal support range near 3,305 – 3,310, confirming it as a strong demand zone (marked by multiple orange circles and previous bounce reactions). Bullish Structure: After breaking the descending trendline, the price has retested the trendline and horizontal support zone, forming a higher low — a classic bullish reversal signal. Target Projection: The measured move projection targets a potential upside near 3,366.979, aligned with previous highs. Bullish Candlestick Patterns: Green arrows highlight bullish price action at significant reversal points, confirming buyer strength at support. Harmonic Pattern: The shaded harmonic pattern suggests completion near the previous lows, which aligns with the reversal zone. Conclusion: As long as the price holds above the support area and respects the trendline retest, bulls may push toward the projected target. A break below the zone would invalidate this bullish setup.
TVC:GOLDLong
by MrStellanSight
3
Gold fluctuates downward. Do not short blindly.Today, gold is in a consolidation downward trend, with the lowest point reaching around 3296; it has rebounded slightly to around 3310. From the overall market, gold is indeed in a short trend. However, do not continue to short, which is very dangerous. Because from the hourly chart, although the low point of gold is constantly refreshing, the key hourly chart support range position has not yet broken. So, here I may think that gold may still be tempting to short in the short term. There is still a possibility of a pullback here on the hourly chart. From the current point of view, there is still a probability of a pullback to 3320-30 before the range is broken. In terms of the next operation, I suggest that you can pay attention to 3320-30. However, if it really pulls up again, as long as it does not stand above 3330 again. Then, we can short here at 3320-30. On the contrary, if the rebound directly breaks above 3340, then be careful. The rebound may turn into a trend reversal, and it is very likely to replicate the rhythm at the beginning of last week.
FOREXCOM:XAUUSD
by Quaid_1
Gold Consolidates Around 3,310 – Waiting for a Breakout📊 Market Developments: • Gold is currently holding near $3,310, which aligns with the weekly pivot level on TradingView. • With the upcoming FOMC minutes and key data (CPI, NFP) approaching, the market remains cautious. The USD is stable, keeping gold in a tight range. 📉 Technical Analysis: • Short-term Resistance: $3,325–3,335 (H4 supply zone) • Nearest Support: $3,300–3,305 (weekly pivot + H1/H4 lows) • EMA 09 on H4: Price is trading below EMA09 → short-term bearish bias. • Candlestick/Volume/Momentum: Lower highs on H4 candles with declining volume indicate weak buying momentum and a possible continuation of consolidation or mild pullback. 📌 Outlook: • As long as gold stays below $3,305 and the USD remains firm, a pullback toward $3,300–3,295 is likely. • A break above the $3,325–3,335 resistance zone could trigger a rally toward $3,350 or higher. 💡 Suggested Trade Setup: 🔻 SELL XAU/USD at: $3,322–3,325 🎯 TP: $3,300 ❌ SL: $3,332 🔺 BUY XAU/USD at: $3,300–3,303 🎯 TP: $3,325–3,335 ❌ SL: $3,295
OANDA:XAUUSDLong
by Mian-FXSignals
1
The bill was introduced; the price did not rise but fell.Due to the implementation of the US bill, most traders in the market are bullish on gold and believe that gold will soar on Monday. As a result, it jumped up and fell sharply this morning. This is the uncertainty of the market. Although the short position given near 3340 last Friday was late, it fell to the low point of 3306 at the opening of the Asian market today. In addition, the key to this sharp drop is the high point before the rebound, that is, the starting point or the position of the top and bottom conversion. Once it is broken, you have to change your mindset. The volatile market is like this, just get used to it. The turmoil caused by Trump's bill will not appear for a while. It takes a process and cannot be unilaterally considered as bullish or bearish. In the early Asian market, the price fell all the way from 3342 US dollars to 3306. How to judge the end of the decline? It is to stare at the high point of the rebound before the last decline of 3320 US dollars. The loss of 3300 US dollars in the early trading indicates that the gap-up opening is a lure for more. Today, I think that 3325 above 3320 can be used as the dividing point between long and short positions. You can short with a light position near 3315, and pay attention to the 3295-3290 line below. After the upward breakthrough is confirmed, consider adjusting the position and making other arrangements. For the time being, we will look at the weak adjustment during the day.
FOREXCOM:XAUUSDShort
by Quaid_1
Big changes begin. Dominant trend?Event summary: The United States passed the Big and Beautiful Act; how to get this part of the tax after the massive tax cut? Then it can only be obtained through other means, and the tariff war initiated by Trump is one of them. At the same time, the bill will increase the federal debt by trillions of dollars, further widening the gap between the rich and the poor. Immediately after the bill was signed and took effect, Musk announced the establishment of the "American Party". He wrote: We live in a one-party state, not a democratic country. Today, the American Party is established to return your freedom to you. At the same time, Musk posted on July 6, when and where should we hold the first congress of the "American Party"? This will be very interesting. This event is likely to support the trend change of gold bulls in the short term. Market analysis: From the daily chart, after bottoming out and rebounding this week, the weekly line closed higher, and there is still upward momentum next week; short-term focus on the pressure of the 3345-3365 range, which is likely to become a key area for long and short competition. Before breaking upward, focus on the high and fall. Pay attention to the support rebound of 3320-3325 area below. Once the upper pressure range is broken, the bullish space will expand, and it is not ruled out that it will hit above 3400 and then go down. In terms of operation, the price falls back and buy on dips in the 3315-20 area, and pay attention to the profit range of 3345-3365 on the upside.
FOREXCOM:XAUUSDLong
by Quaid_1
Trump's new tariffs are coming, will gold soar? ✏Hello everyone, let's comment on the gold price next week (July 7, 2025-July 11, 2025) . ⭐️Gold Information: This week, the spot gold price showed a trend of rising first and then falling. From Monday to Wednesday, driven by safe-haven demand and the weakness of the US dollar, the gold price recorded three consecutive increases, climbing rapidly from US$3,271/ounce to the intraday high of US$3,365/ounce on Wednesday afternoon, showing strong upward momentum. However, on Thursday, before the release of the June non-farm payrolls data, market sentiment turned, and the gold price plummeted to US$3,312/ounce, the largest single-day drop in the week. On Friday, affected by the light trading during the US Independence Day holiday, the gold price fluctuated between US$3,330 and US$3,355/ounce, closing at around US$3,337/ounce, up about 1.91% for the week. U.S. President Donald Trump announced that the U.S. will begin sending formal letters to trading partners on Friday, ahead of a July 9 deadline, outlining new tariffs ranging from 10% to 70%, which will take effect on August 1. Treasury Secretary Scott Bessant added that a series of trade agreements are expected before the deadline, with an estimated 100 countries facing reciprocal tariffs of at least 10%. He also hinted that some agreements will be announced soon. ⭐️Labaron personal comment: Gold prices continue to consolidate sideways, fluctuating in the 3242-3450 range The following important key areas have been identified: Resistance: $3362, $3393, $3446 Support: $3312, $3279, $3241
OANDA:XAUUSDLong
by labaronAA
Gold opening market strategy analysis 💡Message Strategy In the case of all negative non-agricultural data, gold did not fall below the support of 3300, which shows that gold bulls are still the main trend. The current daily pattern of gold is three positives, one negative and one positive. The trend of the opening next Monday is also very important. Once it continues to rise and rebound to break through the suppression, the bulls will open the door to regain the 3400 mark. At present, the short-term pressure is still maintained at 3345-50, which is also the first point for the bulls to break through. Once the breakthrough is successful, the next target will be around 3365-3370. 📊Technical aspects From the 4-hour analysis, the support at 3330 is concerned, and the support at 3320 is concerned. The short-term resistance at 3345-50 is concerned, and the suppression at 3365-70 is concerned. The overall low-multiple cycle participation is maintained. In the middle position, watch more and do less, and be cautious in chasing orders, and wait patiently for key points to participate. Pay attention to the specific operation strategy in time. 💰Strategy Package Long Position:3320-3330，SL：3305，Target: 3370
TVC:GOLDLong
by TheodoreSilas
Gold continues to fluctuate. The direction is uncertain.Gold prices did not have a large continuation breakthrough on Friday due to the impact of the US Independence Day holiday; although the non-agricultural data on Thursday fell rapidly under the unfavorable conditions and formed a bottoming-out situation, the short-term bulls and bears were once again in a deadlock. After a small sideways movement on Friday morning, it rose again. Although it did not break through the upper pressure line of 3345, it still closed in the form of a positive line, which also gave the bulls hope to dominate next week. At present, the upper key pressure is still maintained at the 3345 line, which is also the first point for the bulls to break through. Once the upper breakthrough is successful, the next target will be maintained at around 3365-3380. The support below is maintained at around 3325. If this position is broken down on Monday, the support of 3325 will not be maintained, and the bears will continue to open the downward channel. But overall, the market direction is still unclear, and we can conduct trial transactions. Go long when the price falls back to 3325 on Monday in the Asian market, the profit range is 3340-3350, and the stop loss is 3315. If the European market continues to strengthen, you can still go long. If the European market continues to strengthen, we can still continue to go long. Otherwise, we still need to adjust our thinking in a timely manner.
FOREXCOM:XAUUSD
by Quaid_1
Gold Pulls Back After Strong US NFP Data📊 Market Overview: U.S. June Non-Farm Payrolls came in at 147,000 vs. 110,000 expected, strengthening the dollar and reducing expectations for a July Fed rate cut. As a result, gold dropped nearly 1%, trading in the $3,328–3,332 zone 📉 Technical Analysis: • Key Resistance: $3,350 – $3,360 • Immediate Support: $3,322 – $3,328 • EMA: Price has fallen below the 09 EMA, indicating a bearish short-term trend. • Candle/Volume/Momentum: A strong bearish candle with increased volume shows significant selling pressure post-NFP 📌 Outlook: Gold may continue its downtrend in the short term if the dollar remains strong and no fresh bullish triggers emerge. A drop toward $3,322–$3,328 is possible. 💡 Trade Ideas: 🔻 SELL XAU/USD at: $3,342 – $3,345 🎯 TP: $3,322 ❌ SL: $3,348 🔺 BUY XAU/USD at: $3,322 – $3,325 🎯 TP: $3,345 ❌ SL: $3,316
OANDA:XAUUSDShort
by Mian-FXSignals
Non-farm data exceeded expectations. Will prices fall temporarilInformation summary: Affected by the US Independence Day, the June non-farm data was released in advance. This non-farm data surprised the market, far below expectations and previous values, with a significant increase in employment exceeding expectations and previous values, and a sharp drop in unemployment to 4.1%. The market bet that the July rate cut plan would be directly scrapped. After the employment data was released, the gold price quickly plummeted to $3,312, but the sharp drop in the market had poor continuity and ultimately did not form a unilateral decline. Market analysis: Due to the US Independence Day holiday, the US market was closed. In fact, the only thing left for us is the Asian and European markets. And today is the last trading day of this week, and the market is likely to maintain a state of consolidation. From the 1-hour chart, the price fell after testing the 3,360 high twice. The negative impact of the non-farm data accelerated the decline, and the decline did not continue, and a new support level was formed near 3,323 after the decline. At present, the price is impacting around 3,345, and the bulls are expected to rebound upward and return to the upward trend. I think the current market continues to rebound, with the lower low of 3323 as the dividing point, and high sell and low buy operations in the consolidation area of ​​3320-3350. This is the last trading day of this week. I wish all traders a perfect ending and a perfect weekend.
FOREXCOM:XAUUSDLong
by Quaid_1
Gold fluctuates during the day, short-term profits will be left 📌Main driving events of gold The big non-agricultural data in the United States caused the gold price to fall by almost 40 US dollars in one breath, but after a short emotional storm, the market returned to calm. Today's market began to bottom out and rise. As of now, the non-agricultural market has been backed by 50%, and the energy of the shorts has been basically digested. Next, the bulls will start to exert their strength! Today's direction is still the same and continue to be bullish! 📊Comment analysis In the US market, the gold price rebounded after the decline and the bottom of the second retracement appeared. The support level is 3322. After a night of fluctuations, gold has begun to rise, and the low point has begun to rise. The key point of the day is still 3323. In the morning, we wait for the gold price to fall back to around 3323 and we will buy the bottom and go long. We don’t expect to surpass yesterday’s high point during the day, but at least it will go to 3350! 💰Strategy Package Long position: Gold long at 3322-3327, stop loss 3315, target 3350-3360 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds
OANDA:XAUUSDLong
by labaronAA
1
Gold Drops as NFP Beats, USD Gains📊 Market Overview: • June’s Non-Farm Payrolls came in stronger than expected at +147K (vs 110K forecast), with unemployment ticking down to 4.1%. • The US Dollar surged (DXY up ~0.5%) and Treasury yields rebounded following the release. • Gold dropped sharply after the report, hitting a session low of $3,311 and is now trading around $3,328. 📉 Technical Analysis: • Key Resistance: $3,364 • Immediate Support: $3,311 • EMA 09 (H1): Price is below the 09 EMA → confirms short-term bearish trend. • Pattern / Momentum: A bearish engulfing candle near $3,364 signaled strong seller control. The failure to bounce afterward suggests persistent bearish pressure. RSI is tilting lower, confirming weakening momentum. 📌 Outlook: Gold may continue to decline toward the $3,300–$3,290 area if USD and yields remain firm, especially if upcoming US data (such as ISM Services PMI) also supports the dollar strength. 💡 Suggested Trade Setup: 🔻 SELL XAU/USD at: $3,333 – $3,335 🎯 TP: $3,300 ❌ SL: $3,339 🔺 BUY XAU/USD at: $3,293 – $3,290 🎯 TP: $3,330 ❌ SL: $3,287
OANDA:XAUUSDShort
by Mian-FXSignals