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Goldlong

Gold prices soared again!Market news: Spot gold continued to be strong in the early Asian session on Friday (June 13), and is currently trading around $3,423 per ounce. London gold prices have risen for three consecutive days, fueled by geopolitical tensions in the Middle East and the Federal Reserve's interest rate cut bets caused by the cooling of US economic data. The global financial market is in a complex environment with multiple factors intertwined, and the attractiveness of international gold as a safe-haven asset has once again become prominent.Tensions in the Middle East have become an important catalyst for the rise in gold prices. The supporting role of geopolitical risks on gold prices cannot be underestimated. Historically, whenever there is a major conflict or escalation of tensions in the Middle East, gold has often become a safe haven for funds. At present, the confrontation between Iran and the United States and the potential conflict risks of regional military bases have provided solid momentum for gold prices to rise.In the short term, gold still has strong upside potential, especially driven by geopolitical risks and expectations of interest rate cuts. However, investors need to be wary of the risk of a correction that may be brought about by inflationary pressures and uncertainty in trade policies. For long-term investors, the value of gold as a safe-haven asset in a diversified investment portfolio cannot be ignored. Technical review: Technically, gold maintains a strong positive structure, and yesterday's sharp rise approached the 3400 mark. The daily chart still remains above the MA10/5-day moving average, and the RSI indicator is at the 50-value axis and turns upward, and the price is in the upper track of the Bollinger band. The short-term four-hour chart moving average system maintains a golden cross opening upward, and the price gradually moves up along the MA10-day moving average, and the price is running in the upper track of the Bollinger band channel. The technical side of gold continues to fluctuate upward, with low-multiple layout as the main idea and high-altitude auxiliary. The current market is strong. If it breaks through the high on Thursday, there will be a second chance of rising on Friday. In terms of operation, keep the idea of ​​buying on pullback. Pay attention to the support near 3407 below in the short term, and pay attention to the resistance near 3438 above. It may fall back after a strong pressure of 3450; Today's analysis: The situation in the Middle East has escalated. Gold has risen again due to risk aversion, directly breaking through 3400. The risk aversion sentiment of gold has heated up, and there are signs of easing for the time being. Then the risk aversion sentiment of gold may increase, and gold is expected to continue to rise. Gold bulls have begun to take the lead again under the blessing of risk aversion. At present, gold buying is better, so continue to buy. The 1-hour moving average of gold has formed a golden cross upward buying arrangement. The buying power of gold is getting stronger and stronger, and it is unstoppable. The outbreak of risk aversion is completely an emotional catharsis. Only when the emotions are fully released, the strength of gold bulls will weaken. The decline of gold is buying. The Asian session of gold fell back to the 3400-line barrier to support low-price buying. Operation ideas: Buy short-term gold at 3410-3420, stop loss at 3395, target at 3430-3450; Sell short-term gold at 3447-3450, stop loss at 3458, target at 3400-3380; Key points: First support level: 3407, second support level: 3392, third support level: 3378 First resistance level: 3438, second resistance level: 3450, third resistance level: 3473
OANDA:XAUUSDLong
by NuggetsWarriors
XAU/USD(20250613) Today's AnalysisMarket news: The number of initial jobless claims in the United States for the week ending June 7 was 248,000, higher than the expected 240,000, the highest since the week of October 5, 2024. The monthly rate of the core PPI in the United States in May was 0.1%, lower than the expected 0.30%. Traders once again fully priced in the Fed's two interest rate cuts this year. Technical analysis: Today's buying and selling boundaries: 3374 Support and resistance levels: 3434 3412 3397 3351 3337 3314 Trading strategy: If the price breaks through 3397, consider buying in, and the first target price is 3412 If the price breaks through 3374, consider selling in, and the first target price is 3351
OANDA:XAUUSDLong
by NuggetsWarriors
1
ELLIOT WAVEOANDA:XAUUSD 4 HOUR **According to the Elliott Wave theory, the ongoing pattern appears to be a double correction. Wave 3 of {Y} has been completed, and Wave 4 is currently in progress. A potential buying opportunity may arise between the levels of 3360 and 3350. ** **However, if gold breaks below the 3350 level, further downside movement is expected, with the next support zone likely between 3315 and 3297. ** **Furthermore, if gold breaks the critical level of 3250, it may extend its decline toward the 3215–3197 range.**
OANDA:XAUUSDLong
by Ozil17
Gold price fluctuates again, layout in the evening📰 Impact of news: 1. Initial jobless claims data favors bulls 📈 Market analysis: The high of 3392 in the US market fell back for the first time to test the 3377 area to stop the decline and then tried again but failed to break through the 3400 integer mark. It can be seen that this position is very suppressed. The top and bottom conversion of 3377 has become the watershed for bulls to defend in the future market. 3400 is the short-term key pressure and the closing line has a long upper shadow K. If 3377 is lost, the price will fluctuate again. In the short term, focus on the 3390-3400 resistance on the upside and the 3377-3365 support on the downside. 🏅 Trading strategies: SELL 3385-3395 TP 3370-3360 BUY 3365-3360 TP 3390-3400 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
Gold hits 3400. What is Wall Street betting on?On Thursday (June 12), the U.S. Department of Labor released the Producer Price Index (PPI) for May and the initial jobless claims data for the week ending June 7. The data showed that the annual rate of PPI in May was 2.6%, in line with market expectations, and the previous value was 2.4%; the core PPI monthly rate only increased by 0.1%, lower than the expected 0.3%, and the previous value was -0.4%. The number of initial jobless claims remained unchanged at 248,000, slightly higher than the market expectation of 240,000, and the four-week average rose to 240,200, while the number of continued claims increased sharply by 54,000 to 1.956 million, setting a recent high. These data reflect that the U.S. labor market continues to cool, and inflationary pressures have eased but there are still uncertainties. The market's sensitivity to the Fed's expectations of rate cuts has further increased, coupled with the economic uncertainty caused by tariff remarks, investor sentiment has become cautious. Immediate market reaction: Risk aversion heats up, and the dollar and U.S. Treasury yields are under pressure After the data was released, the financial market reacted quickly, and the dollar index fell 1.02% to 97.63, reflecting market concerns about slowing inflation and a weak labor market. U.S. Treasury yields continued to fall, with the 10-year Treasury yield falling 6.7 basis points to 4.343%, a daily decline of 1.63%, showing investors' cautious attitude towards the economic outlook. Short-term interest rate futures prices rose, and traders further bet on the possibility of the Federal Reserve cutting interest rates this year. The probability of a rate cut at the September 17 meeting rose from 76% before the data was released to nearly 80%. In the stock market, S&P 500 futures fell 0.25%, continuing the previous day's 0.3% drop. Market sentiment was affected by weak labor market data and sudden events in the aviation industry. Boeing's stock price plummeted 7% due to the crash of Air India's 787 Dreamliner, dragging down the performance of the Dow Jones Index. The gold market showed safe-haven appeal. Spot gold broke through $3,390/ounce to $3,390.13/ounce, up 1.05% on the day; the main contract of COMEX gold futures rose 1.97% to $3,410.40/ounce, reflecting the market's rising demand for safe-haven against economic uncertainty. In the foreign exchange market, the pound rose to 1.3600 against the US dollar, up 0.42% on the day. Compared with market expectations before the data was released, the mild performance of the PPI data slightly eased inflation concerns, but the high level of initial jobless claims and the significant increase in the number of continued claims intensified the market's concern about the weak labor market. Before the data was released, some institutions expected the PPI monthly rate to reach 0.2%, while the number of initial claims could fall back to 240,000. The actual data was lower than inflation expectations but higher than employment expectations, and market sentiment shifted from cautious optimism to risk aversion, and the decline in the US dollar and US Treasury yields reflected this shift. Data interpretation: Weak labor market and inflationary pressure coexist From the data details, the annual PPI rate of 2.6% in May was in line with expectations, slightly higher than the previous value of 2.4%, indicating a mild recovery in inflationary pressure on the production side, but the core PPI monthly rate increased by only 0.1%, lower than expected, indicating that the inflation momentum after excluding food, energy and trade was limited. This is consistent with the recent trend of the Consumer Price Index (CPI) data, suggesting that inflation has stabilized overall, but has not yet fully returned to the Fed's 2% target range. In terms of the labor market, the number of initial unemployment claims has continued to run high, with the four-week average rising to 240,200 and the number of continued claims increasing to 1.956 million, indicating that it is more difficult for the unemployed to find jobs. Although the median unemployment duration has dropped from 10.4 weeks in April to 9.5 weeks in May, there has been no large-scale layoffs in the labor market, but the growth momentum has slowed significantly. Analysts from well-known institutions pointed out that part of the reason for the cooling of the labor market is related to the economic uncertainty caused by tariff rhetoric, and companies tend to hoard labor rather than actively expand. In addition, the White House's recent tightening of immigration restrictions has further compressed the labor supply. The Quarterly Census of Employment and Wages (QCEW) data indicate that job growth from April 2024 to May 2025 may be overestimated, and Barclays economist Jonathan Millar expects that the benchmark revision in 2025 may reduce job growth by 800,000 to 1.125 million, an average monthly decrease of 65,000 to 95,000. This forecast further reinforces market concerns about an economic slowdown. Institutional and retail views also reflect similar sentiments. Before the data was released, retail investors expected that if the PPI increase was lower than expected and the initial claims data was higher than expected, the Fed would be under more pressure to cut interest rates. After the data was released, the PPI data was moderate and the initial claims data was high. The market's expectations for the Fed's September rate cut were further heated up, and the trend of gold and US Treasury yields has already said it all. Some retail traders believe that both the initial claims data and PPI are weak, the US dollar index fell below 98, and they are bearish on the US dollar in the short term, and gold bulls have opportunities. Compared with the optimistic expectations before the data was released, retail sentiment turned cautious, and some investors began to pay attention to the allocation opportunities of safe-haven assets. Expectations of Fed rate cuts and changes in market sentiment After the data was released, the market's expectations for the Fed's monetary policy changed subtly. Before the data was released, the market's probability of a rate cut at the Fed meeting on July 30 was only 23%, and the probability of a meeting on September 17 was 76%. After the release of PPI and initial claims data, the probability of a rate cut in September rose to nearly 80%, reflecting the market's comprehensive judgment on slowing inflation and a weak labor market. Traders have fully digested the possibility of two rate cuts this year, and the rise in short-term interest rate futures further confirms this expectation. However, tariff rhetoric and potential fiscal stimulus policies (such as the Republican tax cut plan) may put upward pressure on inflation, limiting the Fed's room for rate cuts. From the perspective of market sentiment, before the data was released, investors' expectations for PPI and initial claims data were relatively divided. Some institutions expected that inflation might exceed expectations, while labor market data might improve. The mild performance of actual data dispelled concerns about overheating inflation, but the weakness of employment data exacerbated expectations of an economic slowdown. Outlook for future trends Looking ahead, market trends will remain volatile under the combined influence of the Fed's monetary policy expectations, tariff rhetoric and the global macro environment. In the short term, the mild performance of PPI data provides the Fed with greater policy flexibility, but the weakness of initial and renewal data indicates that the labor market may slow down further, and the probability of a rate cut in September will remain high. However, the upward risk of inflation caused by tariff rhetoric and potential fiscal stimulus policies may limit the extent of rate cuts. The market needs to pay close attention to the July non-farm payrolls data and June CPI data to further confirm the trend. From a historical perspective, the S&P 500 index often shows a volatile pattern against the backdrop of mild inflation data and weak employment data. The current index is 2% lower than the historical high on February 19, and may continue to be under pressure in the short term. Gold's appeal as a safe-haven asset is increasing, and a breakthrough of $3,390/ounce may indicate further upside. The weakness of the US dollar index may continue, but we need to be wary of the support for the US dollar from safe-haven demand caused by tariff policies or geopolitical risks (such as the situation between Russia and Ukraine). In the long run, continued weakness in the labor market may prompt the Fed to adopt a more accommodative policy in the second half of 2025, but the uncertainty of inflationary pressure will keep the policy path cautious. Investors should pay attention to the guidance of subsequent economic data, especially the revision of QCEW data, to judge the true situation of the job market.
OANDA:XAUUSDLong
by Charlie_Analyst
1
EURUSD LongHere is our EUR USD Signal that we posted As you can see it's running nicely at 258 Pips. EURUSD Buy 📊Entry: 1.13538 ⚠️SL: 1.12594 ✔️TP1: 1.14732 ✔️TP2: 1.16256 ✔️TP3: 1.18194 We have 5 big swing trades running at present, all of which comes from our trading strategy that is solely based on pure maths. So far in 2025 we have hit 1 stop loss from over 100 trades. My point to this post is to encourage you all to keep trying, don't give up. It took us over 2 years to perfect this strategy, and we know it works. If you want any help just ask me, and I will help you.
Long
by Elite_Trading_Signals
Long profit-taking,how to position gold before unemployment data📰 Impact of news: 1. Pay attention to the initial unemployment claims data 📈 Market analysis: After being pulled down, the gold price quickly rebounded to around 3385, and the RSI showed a V-shaped reversal. It is not recommended to chase the rise at present. In the short term, pay attention to the upper resistance area of 3385-3395. If the gold price effectively breaks through this resistance area, it is expected to touch the 3400-3410 line. On the contrary, it encounters resistance and pressure at the 3385-3395 line, and may retreat to the 3370-3360 line in the short term. 🏅 Trading strategies: SELL 3385-3395 TP 3370-3360 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell-2
XAUUSD:Go long Gold bottled out and rebounded, hitting the lowest 3319 line, which just gave us the opportunity to leave the 3320 stop profit. Then, under the stimulation of the news surface, it did not break through the 3375 line. Then, combined with the previous ideas, the next need to do long strategy. Keep an eye on the breakout at 3375 during the day. Trading Strategy: BUY@3353-58 TP:3375-84 ↓↓↓ More detailed strategies and trading will be notified here ↗↗↗ ↓↓↓ Keep updated, come to "get" ↗↗↗
OANDA:XAUUSDLong
by Boooob_
Gold Extends Gains, Eyes 3400📊 Market Overview • Following softer-than-expected US CPI data, gold surged strongly. • This morning, gold touched a high of 3377 before pulling back slightly to around 3372. • A weaker USD and growing expectations of Fed rate cuts remain key bullish drivers. 📉 Technical Analysis • Key Resistance: $3,380 – $3,400 • Nearest Support: $3,325 – $3,310 • EMA09: Price remains above EMA09, signaling a short-term uptrend. • Candlestick & Momentum: Gold has broken out of a consolidation zone with strong momentum, though short-term overbought signals are emerging. 📌 Outlook Gold may enter a mild pullback within the 3370–3380 zone before finding fresh momentum from upcoming Fed signals or macro data. Caution is advised when trading near major resistance. 💡 Trading Strategy 🔻 SELL XAU/USD at: 3375–3377 🎯 TP: 3355 ❌ SL: 3385 🔺 BUY XAU/USD at: 3325–3330 🎯 TP: 3350 ❌ SL: 3315
OANDA:XAUUSDLong
by Mian-FXSignals
5
Repeated sweeps, gold trend analysis and operation layout📰 Impact of news: 1. Pay attention to the initial unemployment claims data 📈 Market analysis: Gold price jumped higher in Asian session. The short-term upper pressure is at 3375. Once it breaks, the upward route of bulls will be opened. The RSI indicator in the 1H chart began to retreat after touching the overbought area. Last night's high of 3360 is now a breakthrough, and the previous strong suppression is at 3350. This morning's Asian session was also broken and stabilized. Then 3360-3350 has changed from a suppression position to a support position. Therefore, the next position we should pay close attention to should be around 3360-3350. If it can fall back to 3360-3350 in the future, it is possible to enter the market to do more, but at the same time, it is also necessary to defend 3345. Independent trading requires a SL. 🏅 Trading strategies: BUY 3360-3350 TP 3370-3380-3400 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
At present, the market has invalidated the 4-hour bearish FVG.Gold Market Update: The gold market is currently moving upward after previously sweeping the liquidity below the previous day's lows. This liquidity grab typically signals the exhaustion of bearish momentum, and in this case, it appears to have served as a springboard for the current upward movement. Notably, the bearish PD arrays (Price Delivery Arrays)—which are often indicative of bearish structure and order flow—are currently failing to hold. This failure suggests a weakening of bearish pressure and a possible shift in market sentiment toward bullishness. At present, the market has invalidated the 4-hour bearish Fair Value Gap (FVG) and successfully closed above it. This is a significant development, as it often implies that the price is rejecting lower levels and building strength to push further upward. In simple terms, the market has absorbed the bearish imbalance and chosen to go higher, showing strong bullish intent. Given this scenario, it's reasonable to interpret that the market is now aiming for higher levels, specifically toward the previous weekly high—marked on the chart with the line labeled "WH" (Weekly High). The price action suggests that the market is in the mood to test or reach that level in the near term. However, this is not a guarantee. It's essential to watch the market closely for further confirmation signals before making any trading decisions. Additional confirmations could come from continuation patterns, bullish structure formations, or order flow alignment. --- Reminder: Always Do Your Own Research (DYOR) before making any financial decisions. This is not financial advice.
OANDA:XAUUSDLong
by Peter_Wade
Gold Consolidates Around $3,340–Mild Bullish Bias Ahead CPI Data📊 Market Summary Gold is consolidating around $3,340/oz, up about 0.5% today, as investors seek safe-haven assets amid ongoing US–China trade tensions. The market is also closely watching the upcoming U.S. CPI data release. 📉 Technical Analysis Key Resistance: • $3,350–3,360 – recent swing highs, aligning with the intraday EMA50 and Fibonacci resistance. • $3,370–3,380 – major monthly high, potential breakout zone. Nearest Support: • $3,320–3,330 – EMA20–21 zone, daily support and key pivot level. • Below $3,320, next support lies near $3,300. EMA 09: • Price is trading above EMA9 but still below EMA21–50 → suggests neutral-to-slightly bullish intraday bias. Candlesticks / Volume / Momentum: • Small-bodied candles with low volume → signs of sideways movement. • RSI on H1 ~60, H4 ~55 → modest upward momentum, not yet overbought. 📌 Outlook Gold is likely to continue consolidating around $3,340, with mild upside potential if the U.S. CPI data comes in hot or trade talks remain inconclusive. 💡 Suggested Trading Strategy SELL XAU/USD at: $3,350–3,355 🎯 TP: $3,330–3,335 ❌ SL: $3,360 BUY XAU/USD at: $3,320–3,330 🎯 TP: $3,340–3,345 ❌ SL: $3,310
OANDA:XAUUSDLong
by Mian-FXSignals
Gold/XAUUSD Possible CPI Move 11 June 2025Technical Analysis Key Confluences Supporting the Buy Setup: Trendline Support The gold shows a well-respected ascending trendline, which has been tested multiple times. This provides a dynamic level of support. Horizontal Support Zone (3323–3326) This area previously acted as resistance and has now flipped to support. The consolidation here suggests a demand zone. Bullish Market Structure The market is forming higher highs and higher lows, indicating a bullish structure. The current pullback may serve as a liquidity grab before continuation. Liquidity Below 3320 There is likely a liquidity pocket just below 3320. Price could sweep below support to trap sellers before reversing upward. CPI News Catalyst CPI data release can cause volatility. The stop-loss below 3314 is well-placed to allow for a spike without invalidating the bullish structure. Trade Setup Summary Bias: Bullish Entry Zone: 3323–3326 Confirmation: Reaction from the trendline and horizontal support after CPI release Take Profit (TP): 3335/3349 (targeting the recent high and potential double top liquidity) Stop Loss (SL): Below 3314 Risk-Reward Ratio (RRR): Approximately 1:2 Entry Trigger: Look for a strong bullish rejection or engulfing pattern at the 3323–3326 zone to confirm entry. Management: Consider partial profit booking near 3340 if volatility increases or if price shows signs of rejection before the target.
OANDA:XAUUSDLong
by QuinnReed_Charts
How to arrange the gold price in the evening? Go long at 3330📰 Impact of news: 1. CPI data is profitable 2. The US CPI rose slightly in May, and Trump's tariff effect has not yet fully emerged 📈 Market analysis: The trend line position of the 4H chart coincides and resonates with the middle track of the Bollinger Band, with 3326 as the watershed reference. This is why it is difficult to break below this point after repeated tests. Once it breaks below, the short-term trend is likely to fluctuate from strong to weak. However, the current support below is still strong at 3330-3326. The repeated rise and fall of data during the day also stopped the decline at this point. If the price does not lose here, the pattern of strong fluctuations will remain unchanged, and the bulls will gradually regain lost ground. At present, it is time for space. The operation suggestion for the future market is to continue to rely on the bullish trend above 3330, and 3330-3326 can be flexibly entered. At the same time, the RSI indicator is above 50 and there is still some space from the overbought zone. The signal is given that 3360, although the long upper shadow line K is closed, is very likely not the short-term top. After the sharp rise and fall in 1H, it went sideways and waited for the next wave of strength. If the night close is above 3326, the upper area will probably be 3350-3360. If the price can break through and stabilize this level, the upward pace will most likely accelerate to reach 3370-3380. 🏅 Trading strategies: BUY 3330-3326 TP 3350-3360 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2
Analysis of the latest gold price trends!Market news: In the early Asian session on Wednesday (June 11), spot gold fluctuated in a narrow range and is currently trading at $3,330 per ounce. London gold prices rose and fell on Tuesday as the conflict between Russia and Ukraine continued and the World Bank also lowered its global economic growth forecast. Traders are closely watching the Sino-US trade negotiations, the results of which may ease trade tensions and boost the global economy, thereby reducing the demand for safe-haven assets, while the continued rise in US stocks has also suppressed the safe-haven buying demand for international gold.In the past few days, gold has fallen from its recent highs, mainly because the market has optimistic expectations for negotiations between China and the United States and Britain and Russia. If the United States and China reach a trade agreement, it will weaken the attractiveness of gold as a safe-haven asset. Gold is a hedge investment tool and usually rises during periods of geopolitical and economic uncertainty. The market is currently focusing on the upcoming US CPI data for May. Expected data show that inflation may rise slightly to 2.5%, with core CPI around 2.9%. If the data exceeds expectations, it may be bearish for gold in the short term; if inflation slows down, it will strengthen the market's expectations for the Fed to cut interest rates this year, which is bullish for gold prices. Technical review: Technical daily chart continues to close with alternating yin and yang cycles, the moving average is glued together, and the RSI indicator runs on the middle axis. The moving average of the four-hour chart is glued together, the price is adjusted near the middle track of the Bollinger Band, and the RSI indicator is flat. Gold rose above 3349 yesterday and fell back to 3320 in the early morning. After a sharp drop to 3315 in the Asian session, it needs to break the low point of 20 in the early morning and then quickly rise to 3331.     Pay attention to the 3320 position in the Asian session. If 3320 stabilizes and moves upward, continue to look at the test of 3340/50 during the day. Otherwise, if it loses again or adjusts around 20 during the day, it will be regarded as a weak sell. Pay attention to 3306/3293 below. Gold technical aspects continue to be arranged with a shock idea. Under the premise that there is no news to stimulate the selling, gold continues to maintain low-price buying as the main technical aspect, and high-price selling as the auxiliary. Today's analysis: From the daily level, gold is in a high-level shock consolidation since the peak of 3500. The current highs of 3500, 3435, and 3403 are gradually moving down, and the lows of 3120, 3245, and 3293 are gradually rising. The shock range is gradually narrowing. The short-term market may continue to maintain shocks. If it breaks, it needs to wait for the direction of the breakthrough to be stimulated by major news! So today's lock range is 3293-3360. It is recommended to sell at high prices and buy at low prices to treat shocks, mainly short-term or ultra-short-term, and do not chase ups and downs before the range is effectively broken. Operation ideas: Buy short-term gold at 3310-3330, stop loss at 3292, target at 3340-3360; Sell short-term gold at 3350-3363, stop loss at 3362, target at 3300-3310; Key points: First support level: 3320, second support level: 3306, third support level: 3292 First resistance level: 3346, second resistance level: 3358, third resistance level: 3376
OANDA:XAUUSDLong
by NuggetsWarriors
XAUUSD | 1H Chart Analysis | Uptrendurrently, Gold (XAUUSD) is showing bullish momentum after breaking previous market structure to the upside. Price has formed a clear Higher Low (HL) and Higher Highs (HH), indicating that short-term structure has shifted into an uptrend. 🔼 Key Technical Observations: The previous LL (Lower Low) got broken, and price created a new HL, showing buyer pressure. The bullish structure is supported by an ascending trendline. Price is currently trading near PDH (Previous Day High) and approaching a key supply/resistance zone (highlighted in red). RSI is still not in extreme zones but steadily climbing, showing strength in the current bullish move. 📊 Current Market Structure: Shift from previous downtrend into short-term uptrend. Formation of clear HL & HH. Price respecting trendline support. Clean bullish break of internal resistance levels. 📌 Potential Scenarios: Scenario 1 (Bullish Continuation): If price holds above the PDH and supply zone gets broken, we may see continuation toward TP1 and higher. Scenario 2 (Rejection & Short-term Pullback): If price faces strong rejection from the current supply zone, short-term retracement is possible toward the previous demand zones or trendline support. Possible pullback zones: 3340 → 3320 → 3310 area. ✅ Bias: Short-Term Bullish As long as price holds above the HL zone and trendline, bulls are in control. But keep an eye on price reaction around current supply zone for any signs of weakness or reversal.
FOREXCOM:XAUUSDLong
by awaisulabdeen
Gold Rebounds After Filling Gap >> Bullish Continuation in SightHello guys! Gold (XAU/USD) is showing signs of strength on the 4H chart after filling a key gap around the $3,290 level and bouncing off it with bullish intent. 🔹 What I see: – Price previously broke out of a broad descending channel, flipping the structure bullish – After forming a rising wedge, Gold corrected lower and filled the gap – The zone around $3,290 acted as solid support, and the current bounce suggests bulls are regaining control 📈 Outlook: If this bounce holds and momentum builds, the next area of interest is clearly marked: 🎯 First Target: $3,466 – an area of prior structure and possible supply 📍 Current Price: $3,329 🟢 Bias: Bullish (above $3,290) 🔴 Invalidated below: $3,244 This setup offers a favorable risk-to-reward opportunity if the structure continues holding. Keep an eye on price action near the recent local highs for confirmation.
OANDA:XAUUSDLong
by melikatrader94
18
CPI is coming, which direction should gold go? True trading masters can maintain inner peace in the hustle and bustle of the market and are not confused by short-term fluctuations. They know that the short-term trend of the market is full of randomness, like ripples on the water, seemingly complicated but difficult to predict. They are like gatekeepers of the mind, with strong determination to resist the emotional interference of the market, and no matter how big the market fluctuations are, they will not let them lose their footing. When others are scared and want to sell their stocks quickly, they can keep their composure; when others are stimulated by the daily limit and want to chase high, they can hold the bottom line. The international gold price opened at $3,325/ounce and closed at $3,322/ounce on the last trading day. The real part of the daily K-line fell by only $3/ounce and finally closed at the cross line. Yesterday, the gold price fluctuated slightly and closed down, mainly because of the market's attention to the progress of Sino-US trade negotiations. The market generally believes that if the negotiations can ease trade tensions and boost the global economy, it will weaken the demand for safe-haven assets. At the same time, the strengthening of the US dollar also brings downward pressure on gold. Weekly candlestick chart: running in the rising channel, long-term buy on dips Daily candlestick chart: running in disordered oscillation structure, cautiously wait and see in the medium term 4-hour chart: running in an oscillating bullish trend, short-term buy on dips 30-minute chart: bottom structure established, short-term buy on dips above 3326 Intraday plan to continue to buy in the 3332 area, defend 3325, target 3350-60
FXOPEN:XAUUSDLong
by Yuliya1l11
Gold is in a state of shock again, the market is waiting for CPI📰 Impact of news: 1. May CPI data 📈 Market analysis: Gold is still fluctuating, and the bulls and bears are currently in a stalemate. The market is waiting for the release of today's CPI data. From the 1H chart, the Bollinger Bands are narrowing, and the gold price is above the 3331 middle track. RSI is stuck at 55, and the MACD golden cross green column is narrowing. For short-term trading, pay attention to the resistance of 3340-3350, and the support of 3320-3310 below. 🏅 Trading strategies: SELL 3340-3350 TP 3320-3310-3300 BUY 3320-3310 TP 3330-3345 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell-2