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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
Gold grows, recovers near 3390 📣Gold News Gold prices edged higher during the North American trading session as investors turned their attention to the upcoming U.S. non-farm payrolls report (NFP), which could influence the Fed's next policy move. The latest labor data showed that companies are pausing hiring rather than laying off employees, reflecting caution in an uncertain economic environment. Meanwhile, Microsoft's decision to lay off 9,000 employees has heightened concerns about a weak labor market. Traders are currently awaiting the official employment report from the U.S. Bureau of Labor Statistics on Thursday, which is expected to show 110,000 new jobs in June, down from 139,000 in May. The unemployment rate is expected to rise slightly to 4.3%, still within the 4.4% range of its forecast according to the Fed's latest summary of economic projections. 📣 Technical Analysis NF is worth buying before the news release, holding. The dollar continues to be under selling pressure from investors worried about the Trump administration's erratic tariff policy. 💰Set Gold Price: 💰Sell Gold Zone: 3390-3398 SL 3405 TP1: 3380 USD TP2: 3363 USD TP3: 3350 USD 💰Buy Gold Zone: 3296-3294 USD SL 3289 USD TP1: 3308 USD TP2: 3318 USD TP3: 3330 USD ⭐️Technical Analysis: Set reasonable buy orders based on technical indicators EMA 34, EMA89 and support and resistance areas.
OANDA:XAUUSDLong
by labaronAA
Data is about to be released. Trend change?Affected by the ADP employment data, gold prices broke through 3345 and continued to fluctuate upward to 3365 US dollars. This trend fully shows that the position of 3345 US dollars is the watershed between long and short. From the 1-hour chart, the overall market is still fluctuating upward. Although it has fallen slightly, I think it is accumulating momentum for a second rise. ADP employment data is negative for the first time. Non-agricultural employment data will be released in 3 hours. The market expects 110,000 jobs. I think the data that may be released will be worse. The number of jobs will decrease and the unemployment rate will also increase, which will drive gold prices to continue to rise. From a technical perspective, the RSI indicator is currently hovering around 58.7, showing strong upward momentum. MA5-day and 10-day moving averages form a golden cross and continue to rise. The current upward high has not appeared. The gold price may refresh the intraday high of 3365 again. At present, the upward pressure focuses on 3365-3375 US dollars. The support level is around 3345, which is also the turning point for the upward movement of the MA5 daily moving average. Operation strategy: Buy near 3350, stop loss at 3340, and profit range 3370-3375.
FOREXCOM:XAUUSDLong
by Quaid_1
Gold May Pull Back After Day’s High📊 Market Overview: • Gold is currently trading around $3,350/oz, with the daily high at $3,366/oz. • The rally stalled as traders took profits near the session high, while a slight rebound in the USD and rising U.S. Treasury yields weighed on gold’s momentum. 📉 Technical Analysis: • Key Resistance: ~$3,366 (today’s high), with next level at ~$3,375–3,380 if breached. • Nearest Support: ~$3,342 (intra-day low), stronger support seen at $3,329–3,330. • EMA 9/21: Price is hovering near the EMA21 (~$3,350); this area is crucial to determine the short-term trend. • Candle/Momentum Indicators: o RSI is around 53-55, signaling a neutral stance; o MACD shows weakening bullish momentum after hitting resistance. 📌 Viewpoint: Gold may see a minor pullback in the short term, possibly testing the $3,342–3,329 zone after reacting to the daily high. However, if it holds above EMA21 and EMA50, the medium-term bullish trend remains intact. 💡 Suggested Trading Strategy SELL XAU/USD at: $3,363–3,366 🎯 TP: 40/80/200 pips ❌ SL: $3,370 BUY XAU/USD at: $3,329–3,332 🎯 TP: 40/80/200 pips ❌ SL: $3,325
OANDA:XAUUSDShort
by Mian-FXSignals
Non-farm data is coming. Upward breakthrough?Information summary: ADP data supports the rise of gold. Secondly, the weaker-than-expected non-farm data has triggered people's hope that the Federal Reserve will cut interest rates earlier. The gold price hit the 3360 mark, then fell back slightly, and is currently fluctuating around 3350. This Friday is the Independence Day holiday in the United States. The non-farm data will be released on Thursday. Today, we will focus on this data, which will trigger a new trend. Market analysis: From the 4-hour chart, gold is currently in a suppressed state. However, it is not ruled out that it will be supported at the bottom as before, and then break through the upper suppression position again with the help of non-farm data. Therefore, the most critical position today is not above, but near the support of 3325 below. On Wednesday, the support near 3325 was tested many times but did not break down. If the price remains above this position today, the probability of an upward breakthrough is very high. Based on the current market conditions and the data to be released soon, Quaid recommends that everyone wait and see for a while and wait for the new trend to come. Of course, according to the current forecast data, this will support the rise of gold. A radical approach can also try a long strategy around 3345.
FOREXCOM:XAUUSDLong
by Quaid_1
Gold Sees Volatile Swings – Pullback Risk Remains📊 Market Highlights: Gold surged to $3,351 earlier today after weaker-than-expected US ISM manufacturing data, which boosted expectations of a Fed rate cut. However, profit-taking quickly pushed prices down to $3,334 before recovering to $3,342. 📉 Technical Analysis: • Key Resistance: $3,351 • Nearest Support: $3,334 • EMA: Price is above EMA 09 → uptrend still intact. • Candles / Volume / Momentum: H1 candle shows a long upper wick, indicating selling pressure near the recent high. Bullish momentum is slowing, and volume has started to normalize. 📌 Outlook: Gold may face a short-term pullback if it fails to break above $3,351 and the USD strengthens during the US session. ________________________________________ 💡 Suggested Trading Strategy: 🔻 SELL XAU/USD at: $3,345 – $3,350 🎯 TP: $3,334 ❌ SL: $3,353 🔺 BUY XAU/USD at: $3,332 – $3,334 🎯 TP: $3,350 ❌ SL: $3,323
OANDA:XAUUSDShort
by Mian-FXSignals
GOLD/USD Bullish Reversal and Breakout Target GOLD/USD Bullish Reversal and Breakout Target 🎯 ✨📈 🔍 Technical Analysis Overview: The chart illustrates a clear bullish reversal pattern following a strong downtrend, with price reacting from a key support zone (highlighted in blue). Multiple bullish rejection wicks and confirmation candles (green arrows) indicate buying interest at this support. The recent higher low formation confirms shift in market structure towards bullish bias. 📌 Key Zones: 🟦 Support Zone: Around 3,280 – 3,320 USD Price respected this zone multiple times (marked with orange circles), confirming its strength. 🟥 Resistance Zone / Target: 3,430 – 3,460 USD This area aligns with previous swing highs and is the projected target for this bullish move. 📈 Chart Structure: Break of descending trendline and bullish momentum above support suggests potential continuation towards the marked target. Falling wedge breakout also aligns with reversal logic. 🎯 Price Target: 3,438.515 USD (resistance area), as labeled on chart with arrow and breakout projection. 🛑 Invalidation Level: A sustained break below the support zone (3,280 USD) would invalidate this bullish outlook. 📌 Conclusion: Gold is exhibiting strong bullish behavior with confirmation from price action and structure break. As long as price sustains above support, the path toward 3,438 remains
TVC:GOLDLong
by MrStellanSight
2
Gold falls back, is a bottom structure emerging?In terms of one-hour structure, this round of phased adjustment started from 3450 has not ended yet, but it will soon, especially the rapid rebound after the bottom of 3260 on Monday. This rebound has strong momentum. After bottoming out and rebounding, it is currently fluctuating around 3340, with a large overall span. This also shows that after the price has risen, the amplitude of the correction has increased, which means that the upward space is limited. This adjustment is likely to be over soon, but there is no definite bottom structure yet, so we need to wait for some time. Before going out of the definite bottom structure, based on the principle of following the trend, you can try to short with a light position. At present, in terms of the one-hour pattern, the key point is here at 3355, and it is currently falling back from this position to 3340. If it falls back to the 3320 area today and stabilizes above it, you can operate a long strategy. On the whole, Quaid suggests that the short-term operation strategy for gold today should be mainly long on pullbacks, supplemented by shorting on rebounds. Operation strategy: Short at 3345, stop loss at 3355, profit range 3330-3325. Long at 3320, stop loss at 3310, profit range 3340-3345.
FOREXCOM:XAUUSD
by Quaid_1
Beware of gold, false rise and real fall 💡Message Strategy The global economic uncertainty has intensified recently, and the gold market has performed well. On Monday, the price of gold rose by 0.87%, hitting a bottom of $3247.87 per ounce before rebounding strongly. The upward trend continued in early trading on Tuesday. In the second quarter, the price of gold rose by 5.5%, rising for two consecutive quarters. The main reason for this round of gold price rise is the weakening of the US dollar. The US dollar index has recorded its worst performance in the first half of the year since the 1970s. Market concerns about the expansion of the US fiscal deficit and uncertainty in trade agreements have weakened the attractiveness of the US dollar. At the same time, global trade and geopolitical fluctuations, such as the Sino-US rare earth agreement, the progress of US-EU trade negotiations, and the uncertainty of the tariff deadline on July 9, have strengthened the safe-haven properties of gold. This week's focus is on Thursday's US non-farm payrolls report for June. The market expects 110,000 new jobs and an unemployment rate of 4.3%, which will directly affect the direction of the Federal Reserve's monetary policy. Although the Federal Reserve is cautious about cutting interest rates, the market generally expects that interest rate cuts will be resumed in September, and the annual interest rate cut may reach 66 basis points. Trump's pressure on the Federal Reserve has also increased policy uncertainty. Gold is driven up by multiple factors, but its future trend still depends on employment, inflation and tariff policies. Investors need to pay close attention to data and policy developments. 📊Technical aspects Gold hit bottom and rebounded during the early trading session on Monday, and the price stopped after touching the previous low. The price stopped after touching the four-hour resistance position before the European session. The European session was under pressure before breaking through the four-hour resistance. After that, the U.S. session had consecutive positive days, and the price did not fall. Instead, it further broke through the four-hour resistance position, which means that the price still has the performance of testing the daily level resistance area. We will continue to follow the key breakthrough of 3300 on Monday and pay attention to the 3350-3360 area and then look at the pressure. According to the daily level, after the price broke through the daily support last week, the price continued to rely on the daily resistance to bear pressure. At present, the daily resistance is at the 3360 area resistance. Below this position, gold can continue to be short. According to the four-hour level, the four-hour key position is the key to our emphasis on short-term trends. Yesterday, the price broke through the four-hour resistance and is expected to adjust further. The current four-hour support is in the 3300 area. The price is short-term bullish above this position. After the subsequent high, it is expected to fall further after breaking the four-hour support again. From the one-hour level, yesterday's strong closing, today's early trading again directly broke through yesterday's high position, so today's early trading low became the key. The price above this position tends to continue to test the daily resistance of 3360, so we will first look at the rebound, and wait until the price touches the daily resistance of 3350-3360, and then pay attention to further anti-K signals to see pressure. 💰Strategy Package Short Position：3350-3360，SL：3370，Target: 3315-3300
TVC:GOLDShort
by TheodoreSilas
Gold surged and then fell. Has it reached its peak?Information summary: Today, the United States and Japan negotiated on tariffs. Trump said that the US-Japan deal was unfair and might send a letter to Japan; the US-Japan trade negotiations seemed to be at a standstill. Trump also threatened that he would not extend the expiring tariff period and would send letters to most countries and regions in the next few days. Secondly, the United States accused the EU of unfair digital legislation and asked the EU to relax its supervision of US technology giants. In addition, Trump accused "Mr. Too Late" Powell and the entire committee on social media that they should be ashamed of not cutting interest rates. Affected by the above news, gold's risk aversion sentiment heated up and prices started to rise for the second time. Market analysis: From the 4-hour chart, the market is currently in a slow upward trend in a downward channel, and the price is also repeatedly testing the upward pressure position of 3355. MA5-day and 10-day moving averages turned upward and crossed with the 20-day and 30-day moving averages. At present, the upward momentum is slightly insufficient. In the short term, we should focus on the suppression position of 3355. If we fail to break through this position for a long time, the trend will most likely turn into a downward trend. If no black swan event occurs, today's price will most likely fluctuate around the 3320-3350 range. If there is no black swan event, the price today will most likely fluctuate around the range of 3320-3350. Operation strategy: Short near 3355, stop loss 3365, profit range 3340-3330. Long near 3315 when the price falls back, stop loss 3305, profit range 3340-3345.
FOREXCOM:XAUUSD
by Quaid_1
7.1 London gold rebounds and rises, gold market trend analysis aGold rose to 3295 in the Asian session on Monday and was blocked. It fell in the European session as we expected, but the decline was not strong. After the lowest price of 3274.57, it rose again in the US session and stood firmly at the 3300 mark. The monthly line closed with a cross Yang K. The gold price continued to rise at the opening today. After the market on Monday, the 3247 below can be used as a reference for the bottom rebound position. Now the short-term trend belongs to the bulls, so we will continue this trend today and look at the upward trend first, wait for the European session to see the strength of the decline and then formulate the idea of ​​the US session. From the market point of view, after the gold price stood above the 3300 mark again, it is used as a short-term support level reference for the bulls. The Asian session can rely on this position to arrange long orders to see the continuation of the upward trend; the initial pressure on the upper side focuses on the 3328 position, followed by 3345. Now that the idea is established, the idea for intraday operations is: wait for the gold price to pull back to around 3308 in the Asian session and then go long and bullish, protect the 3300 mark, and target around 3328; if there is pressure at 3328 in the European session, you can arrange short positions with a downward trend, wait for the US session, and then decide whether to go long again based on the pullback position and target around 3345.
TVC:GOLDLong
by AIan_Gold
2
Gold is rising. Second starting point?Information summary: 1. The US dollar index has experienced the longest consecutive monthly decline since 2017. The weakening of the US dollar has increased the attractiveness of gold denominated in US dollars to non-US dollar holders, becoming an important support factor for gold prices. 2. Trump's continued pressure on the Federal Reserve to cut interest rates has formed a resonance effect with the weakening of the US dollar, which has jointly pushed up the short-term attractiveness of gold. Multiple factors are intertwined, and gold has risen slightly again. Market analysis: Gold bottomed out and rebounded on Monday, showing a positive closing, and above 3300. After falling sideways for 5 consecutive trading days last week, although it fell for a short time on Monday, it did not continue. In this case, whether a new high can be reached, the watershed is the 3295 line. As long as the European session breaks the high, the long position is near the starting point of 3305 in the early trading session. At present, the main focus is on the upper resistance around 3325. It opened directly upward on Tuesday, but did not break through too much space, unless it directly broke through 3325-3330; then the next resistance is around 3340. At present, the bulls are still running at a high level. The upward trend line generated after the reversal is more obvious, and the trend line has good effectiveness. Since the current market is in the first wave of rise, the high point has not been confirmed. Quaid believes that when the high point is clear and the price falls back to the support area, consider entering the market to go long based on the support level. Of course, aggressive trading can choose to buy around 3320 and choose a suitable high point to take profit. Operation strategy: Short near the rebound 3340, stop loss 3350, profit range 3310-3300 Long near the fall 3305, stop loss 3290, profit range 3320-3335
FOREXCOM:XAUUSD
by Quaid_1
This is the reason why gold suddenly "changed its face"! 📣 Gold News Spot gold closed up $28.59, or 0.87%, at $3,302.71 per ounce on Monday. Gold prices fell to around $3,246 per ounce in early Asian trading, the lowest level since May 29. At 21:30 Beijing time on Tuesday, Federal Reserve Chairman Powell, European Central Bank President Lagarde, Bank of England Governor Bailey, Bank of Japan Governor Kazuo Ueda, and Bank of Korea Governor Lee Chang-yong will hold a group meeting. Last Tuesday and Wednesday, Federal Reserve Chairman Powell attended a congressional hearing and said that the Fed needs more time to observe whether tariffs make inflation rise higher before considering cutting interest rates. Powell said in his congressional testimony that he and most Fed officials expect inflation to start to pick up soon, and the Fed is not in a hurry to cut interest rates before that. Powell said: "At present, we have good conditions to wait and further understand the possible development path of the economy before considering whether to adjust the policy stance." Yesterday, gold opened at $3381.6 and quickly fell back, reaching a low of $3248.8, then rebounded, rebounded in the early trading and touched $3270 and fell again, gold fell back, reaching a low of $3259.4, then gold did not continue to fall, and rebounded. Gold continued to rebound in the European and American markets, with the highest rebound in the US market reaching $3309.4, and finally closed at $3002.9 in the late trading. The monthly line closed with a long upper shadow line and a shooting star pattern. After such a pattern ended, today's gold rebounded high, and the upper resistance focused on the $3326 line. The rebound relied on the resistance below here to short, and the lower side looked at the $3295 line.
OANDA:XAUUSDLong
by labaronAA
1
XAUUSD/GOLD Geopolitical conflicts have escalated again. Next week is a week of heavy news. How will the gold price focus next week? How to trade? Look at the news preview first. 1. Geopolitics, Russia-Ukraine conflict, Palestine-Israel conflict, Iran-Israel conflict. 2. ADP data, NFP data. 3. Tariff deadline. The above three news are enough to cause drastic fluctuations in the gold price. On Friday, the New York market followed my expectations. After rebounding around 3282, it fell back. Finally closed around 3274. The impact of the weekend news is huge. From the news perspective, the opening price of next Monday will be higher than the closing price on Friday. In terms of operation, you can pay attention to buying at a low price after the market opens.
OANDA:XAUUSDLong
by Ludvig_Band_King