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XAU/USD) Back support level Read The captionSMC trading point update Technical analysis of XAU/USD (Gold Spot vs U.S. Dollar) – 2H Timeframe: --- XAU/USD Bearish Rejection from Resistance – Short-Term Sell Setup Key Observations: 1. Rejection from Upper Channel & Resistance Zone: Price was rejected sharply after touching the upper boundary of the ascending channel and the newly established resistance zone (~3400–3420). A strong bearish candle confirms selling pressure at the top. 2. Support Retest in Progress: The price is currently descending toward the EMA 200 and the KYY support zone (approximately 3343–3348). The previous bounce originated from this level, making it a significant retest zone. 3. EMA 200 as Confluence: The 200 EMA (currently at 3346.92) aligns with the support zone, increasing the likelihood of a bounce or at least temporary pause in bearish momentum. 4. RSI Bearish Signal: RSI has dropped below 50, confirming a momentum shift toward the downside. Still above oversold territory, suggesting more downside room. --- Trade Idea: Bias: Bearish (Short-Term) Entry Zone: Around 3390–3400 (confirmed rejection area) Target Zone: 3348 – 3343 (KYY support + EMA 200) Stop Loss: Above 3425 (just above resistance zone) Mr SMC Trading point --- Summary: Gold has faced a clear rejection at a key resistance zone within an ascending channel, and is now targeting the EMA 200 and previous structural support. Short opportunities could be considered toward the 3343–3348 zone, with RSI and price action supporting the move. Please support boost 🚀 this analysis)
FX:XAUUSDShort
by SMC-Trading-Point
9
GOLD/USD – Bullish Reversal Pattern FormingGOLD/USD – Bullish Reversal Pattern Forming 🟢📈 📊 Chart Analysis: The chart shows a strong Inverse Head and Shoulders pattern forming, which is a classic bullish reversal signal: 🔹 Left Shoulder and Right Shoulder – Marked with orange circles, both found support near the 3,263 level (purple line), suggesting strong buying interest at this zone. 🔹 Head – The lowest point in between the shoulders, also bouncing from support. 🔹 Resistance Zone – Marked with red arrows around 3,500–3,520. This zone has rejected price action multiple times in the past. 🔹 Support Zone – Marked below 3,200, where previous consolidation and buying took place. 📈 Projected Move: The neckline breakout suggests a potential move toward the 3,520+ level. A minor pullback is expected before continuation. If price breaks above resistance, we could see a strong bullish rally. 📌 Key Levels: Support: 3,263 🟩 Resistance: 3,500–3,520 🟥 Potential Target After Breakout: 3,550+ 🎯 ✅ Bias: Bullish above 3,263 support ⚠️ Invalidation: A break below the neckline would cancel the bullish setup
TVC:GOLDLong
by MrStellanSight
4
GOLD/USD Bearish Rejection at Resistance ZoneGOLD/USD Bearish Rejection at Resistance Zone 📉🟥 📊 Technical Overview: The chart for GOLD/USD shows a clear price action behavior between a well-defined resistance zone (~3,480–3,510) and a support zone (~3,260–3,280). 🔻 Bearish Signals: The price has tested the resistance zone multiple times (highlighted with red arrows and orange circles) but failed to break above it, indicating strong selling pressure. The current price action suggests another lower high formation, which is a bearish signal 📉. Recent candles are rejecting the upward move, pointing to potential downside movement. 🟩 Support Confirmation: Previous reactions from the support zone (green arrows) show that buyers have consistently stepped in near the 3,260–3,280 range. This level remains a key demand zone where a bounce might be expected. 🔁 Outlook: If the price continues to reject the resistance and follows the pattern, we might see another drop towards the support area. A break below the support zone would confirm a bearish breakout and could open the door to deeper downside targets. 📌 Conclusion: GOLD/USD is trading within a range, but the repeated failures at resistance suggest bearish momentum might take control in the short term. A move back toward the support zone is likely unless a breakout above resistance occurs. 📉 Resistance: 3,480–3,510 🟩 Support: 3,260–3,280 🔍 Bias: Short-term Bearish unless resistance breaks
TVC:GOLDLong
by MrStellanSight
Gold hovers at high levels as the market awaits FOMCOn Tuesday (June 17), spot gold once reached above $3,400 during the Asian session, then fell slightly during the European session, and maintained a high-level volatile trend during the session. Earlier on Monday, gold recorded its largest single-day drop in a month (1.4%). After the sudden outbreak in the Middle East and US President Trump's warning to Tehran, the market's risk aversion demand heated up again, pushing gold prices to rebound in the Asian session. The two-day interest rate meeting of the Federal Reserve has also become a top priority for the market. Fundamentals Tensions in the Middle East have heated up again. According to Reuters, Israel's air strikes on Iran's state-run TV station, Iran's threats to launch the most violent missile attack in history, and the fire of three oil tankers near the Strait of Hormuz have caused market concerns about the escalation of geopolitical conflicts. US President Trump left the G7 summit early and convened a national security meeting, which increased market risk aversion. At the same time, ETF holdings increased significantly. Data showed that ETFs increased their holdings of gold by 136,000 ounces on the previous trading day, and the net purchase volume has reached 6 million ounces this year, reflecting that funds still have strong confidence in the future of gold. SPDR Gold ETF even recorded a single-day net inflow of $285 million last Friday, the largest in weeks. In terms of the US macroeconomics, the market generally expects the Fed to keep interest rates unchanged this week, but the focus is on Powell's speech and changes in the dot plot. As expectations of further rate cuts in 2025 heat up, the US dollar is still under pressure close to a three-year low, and analysts believe that this will form a structural support for gold in the medium term. Technical aspects: The gold daily candlestick chart shows that the current trend is in a typical "rising wedge" pattern. Prices have been steadily rising along an upward trend line this year, while the upper side is suppressed by strong resistance in the 3450-3500 area. The current market is in a wait-and-see state. There are obvious signs of Bollinger Bands closing, with the upper Bollinger track at $3440.63, the middle Bollinger track at $3317.51, and the lower track has moved up to around $3194.38, reflecting that the market is brewing a breakthrough. The current price is basically running between the upper and middle Bollinger tracks, indicating that it is still in a bullish structure, but once it falls below the middle Bollinger track or the lower edge of the wedge (about $3,330), it may trigger accelerated downside risks. The RSI indicator remains at 55.79, neutral to strong, and has not entered the overbought area. Comprehensively judged, the analysis believes that the short-term trend is in consolidation, and be alert to the risk of technical reversal. If the support of $3,330 is lost, further downside space will be opened; on the upside, it needs to break through the pressure range of $3,450 before trying the previous high of $3,499.83. Market sentiment observation The current gold market sentiment is in a "highly sensitive" stage. On the one hand, risk aversion once pushed gold to rebound rapidly, reflecting that the market has a very high pricing sensitivity to geopolitical risks; on the other hand, traders are still uncertain about the outlook for the Fed's policy, and the expectation that interest rates will remain unchanged has been fully priced in, but there are large differences in the future path of interest rate cuts. The weak rebound of the US dollar shows that the market does not fully agree with the logic of "hawkish stability maintenance". This contradictory sentiment has caused gold to fluctuate at a high level and has not yet formed a trend breakthrough. The continued increase in ETF holdings provides substantial buying support for gold, which constitutes the optimistic support of the "underlying logic". In addition, the market is still waiting for the FOMC meeting to release new signals. This "uncertain outlook" constitutes a typical "cautious optimism" market psychology. Traders are more likely to adopt a wait-and-see strategy, further amplifying the importance of technical signals. Outlook for the future Bullish outlook: Analysts believe that if the geopolitical situation continues to heat up or the Federal Reserve releases dovish signals, gold is expected to break through the $3,450 resistance area and challenge the previous high of $3,499.83; by then, the momentum of ETF holdings and safe-haven inflows will jointly promote a new round of bullish market. Short-term outlook: Analysts believe that if the FOMC meeting results are hawkish or Powell sends a signal that he will not cut interest rates, coupled with the easing of risk aversion in the market, gold may fall back to the key support area of ​​$3,330. If it loses this position, it will form a trend reversal signal, with the target down to the lower Bollinger track of $3,194, or even lower. Overall, the analysis believes that gold is still running in an upward trend structure, but volatility is compressed, and the short-term direction needs to wait for clear signals from the Fed meeting. Traders are closely watching the changes in the Fed's monetary policy and geopolitical situation, while being alert to the risks of "false breakthroughs" and sharp pullbacks. FX:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD PYTH:XAUUSD CMCMARKETS:GOLD
OANDA:XAUUSD
by Charlie_Analyst
Gold rebound continues to be short! (Exclusive trend analysis)Although gold has fallen below 3400, and the short-term direction has changed, the general direction remains unchanged and it is still bullish. In the future, we still have the opportunity to look at the high point of 3500, but we have to wait for the bottom to stabilize before we can buy the bottom. When there is an opportunity to go long later, Charlie will tell you that in today's market, we can only follow the trend. We will do whatever the market does. We will go short first in the rebound in the next two days! FOREXCOM:XAUUSD VELOCITY:GOLD PYTH:XAUUSD
OANDA:XAUUSDLong
by Charlie_Analyst
The situation in the Middle East is in turmoil again! (Exclusive (Fifth day of Iran-Israel conflict: Trump leaves G7 ahead of schedule, Middle East situation stirs up waves again!)👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇👇 The conflict between Iran and Israel has continued to the fifth day, the war has not subsided, and the situation is becoming increasingly tense. Due to the sudden escalation of the situation in the Middle East, US President Trump left the G7 summit held in Canada one day ahead of schedule, which aroused widespread concern in the international community. On Tuesday (June 17), Trump strongly warned Iran through social media, demanding that it sign the nuclear agreement immediately and calling on Tehran residents to evacuate. At the same time, both Iran and Israel reported heavy casualties and infrastructure damage, ceasefire negotiations were deadlocked, and uncertainty in the global market was further exacerbated. Iran and Israel: The fifth day of tit-for-tat👇 Explosions over Tehran On Tuesday morning, violent explosions were heard over the Iranian capital of Tehran, and the air defense system was operating at full capacity, trying to intercept incoming missiles. According to Iranian media Asriran, Natanz, the site of an important nuclear facility about 320 kilometers from Tehran, also activated high-alert air defense measures. Iranian officials revealed that 224 people have died in Iran in the past five days, most of whom are innocent civilians. Iranian Foreign Minister Araghchi issued a statement through the social platform X, accusing Israel of "aggression" and warning that Iran will continue to respond strongly if Israel does not stop its military operations. Midnight alarm in Tel Aviv At the same time, Tel Aviv, Israel's financial center, also sounded an air raid alarm after midnight, and explosions resounded through the night sky. It is reported that this is another round of missile attacks launched by Iran against Israel. According to official Israeli statistics, the conflict has killed 24 civilians and nearly 3,000 people have been forced to evacuate due to security threats. Israeli Finance Minister Bezalel Smotrich said that Iran's attack has had a serious impact on the lives of Israeli people and the government is doing its best to deal with it. The shadow of nuclear facilities Iran's Natanz nuclear facility, as the focus of global attention, has once again become a sensitive target in the conflict. Although Iran stressed that its air defense system successfully protected key facilities, the tension in the region has undoubtedly exacerbated international concerns about Iran's nuclear program. Israeli Prime Minister Netanyahu publicly stated on Monday that Israel will eliminate the threat posed by Iran's nuclear and ballistic missile programs at all costs. He also hinted that if the goal can be achieved through diplomatic means, Israel is willing to give Iran a "60-day opportunity." Trump's tough stance and early departure from the G7 summit "Iran must sign a deal!" Trump published a fierce post on Truth Social, a social media platform he founded, calling Iran's refusal to sign an agreement to curb the development of nuclear weapons a "shame" and a "waste of life." He repeatedly stressed that "Iran cannot have nuclear weapons" and urged residents of Tehran to evacuate immediately. Trump's remarks sparked controversy, with some seeing them as a direct threat to Iran and others interpreting them as him paving the way for possible military action. Interruption of the G7 Summit The White House confirmed that Trump decided to leave the G7 summit one day early on Monday night due to the sharp deterioration of the situation in the Middle East and go to Washington to hold a National Security Council meeting. French President Macron expressed support for this, believing that Trump's decision created conditions for Israel and Iran to accept the ceasefire agreement proposed by the United States. However, Trump's early departure also caused concerns among some allies, who feared that the United States' leadership in global affairs might be affected. U.S. official clarification In response to speculation that the United States might directly participate in military action against Iran, a White House aide explicitly denied the claim. Defense Secretary Pete Hegseth said in an interview with Fox News that Trump's primary goal is still to reach a nuclear agreement with Iran, while emphasizing that the United States will resolutely defend its assets and interests in the Middle East. The tortuous prospects of ceasefire negotiations Iran's compromise signal According to Reuters, citing sources, Iran has sent a message to Trump through Middle Eastern countries such as Oman, Qatar and Saudi Arabia, asking him to put pressure on Israeli Prime Minister Netanyahu to promote an immediate ceasefire. In return, Iran promised to show greater flexibility in nuclear negotiations. Iranian Foreign Minister Araghchi said at X that if Trump really wants to end the conflict through diplomatic means, the next action will be crucial. He also warned that if Israel continues to "aggress", Iran's response will be unrelenting. Israel's tough stance Netanyahu reiterated that Israel will not compromise on Iran's nuclear threats and missile programs. He said that military action is the most direct means at present, but it has not completely closed the door to diplomatic negotiations. However, the voices of hardliners in Israel are growing louder and louder, believing that any compromise may weaken national security. Summary: The complex game of the situation in the Middle East The fifth day of conflict between Iran and Israel has not only exacerbated the turmoil in the Middle East, but also focused global attention on this sensitive area again. Trump's tough stance, early departure from the G7 summit, and the difficult progress of ceasefire negotiations highlight the complexity and uncertainty of the current situation. The compromise signals released by Iran through third countries are in sharp contrast to Israel's tough stance, and the future direction is still full of variables. Analysis of the impact on gold prices The continued tension in the Middle East usually pushes up the demand for safe-haven assets. As a traditional safe-haven asset, the price of gold is often boosted in such geopolitical crises. The escalation of the conflict between Iran and Israel may lead to increased investor concerns about the stability of the global economy, further pushing up gold prices. However, if the ceasefire negotiations make a breakthrough or Trump's diplomatic efforts ease tensions, gold prices may face correction pressure. In the short term, market sentiment will dominate gold price fluctuations, and investors need to pay close attention to the dynamics of the conflict and related diplomatic progress. FOREXCOM:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD
OANDA:XAUUSD
by Charlie_Analyst
Hormuz oil tanker catches fire, is this Iran’s “shadow war”?Three ships or tankers caught fire in the Gulf of Oman near the Strait of Hormuz. The burning ships were reportedly located at the Khor Fakkan anchorage near Fujairah on the coast of the United Arab Emirates. The incident raised concerns about a possible repeat of the 2019 tanker attacks, which were widely believed to be carried out by Iran as tensions in the Middle East increased under Trump's "maximum pressure" campaign. It is worth noting that the current incident took place at the same location as the previous attack. Forexlive reported that one of the ships currently on fire may be the "ADALYNN". The specific cause of the fire is still unclear. ADALYNN is a crude oil tanker. There are unconfirmed reports that the fire outside the Strait of Hormuz was caused by a collision between two tankers (ADALYNN and Front Eagle). After the above news came out, international oil prices rose. However, later US media reported that Trump's team proposed to negotiate with Iran this week, and crude oil and gold prices fell accordingly. It is worth mentioning that on Monday, the UK Maritime Trade Organization (UKMTO) said it had received multiple reports of increased electronic interference to ships in the Gulf and the Strait of Hormuz, confirmed by automatic identification system monitoring. Local naval forces also said on Monday that electronic interference to merchant ship navigation systems in the Strait of Hormuz and the wider Gulf region has surged in recent days, affecting ships passing through the area. The Joint Maritime Information Center (JMIC) of the US-led multinational maritime joint force said in a notice: "JMIC continues to receive reports of electronic interference from the vicinity of Bandar Abbas (Iran), the Strait of Hormuz and several other areas in the Arabian Gulf. These interferences are increasing throughout the region and have a significant impact on the Gulf region itself. This interference is affecting the ability of ships to accurately transmit position data through the automatic identification system, causing operational and navigation challenges to maritime traffic." There is a straightforward way to think about the financial risks of the current Middle East conflict. According to this simple view, escalating hostilities between Iran and Israel will only have a major impact on investors if Tehran closes the Strait of Hormuz, blocking a key flow of global oil shipments and causing prices to soar. There is some truth to this theory, but it underestimates the possibility that other things could go wrong. As the conflict enters its fifth day, it is clear that cooler heads on both sides are having trouble prevailing. In an interview with Fox News on Sunday, Israeli Prime Minister Benjamin Netanyahu said that regime change in Tehran could be the result of an Israeli military attack on the country. This would make Iran's political leaders feel insecure. Conventional wisdom holds that escalation would include closing the Strait of Hormuz. But that doesn't mean there isn't a real danger that Tehran's Revolutionary Guards or Yemen's Iran-allied Houthi rebels could set their sights on trade routes through the Gulf. Iran and its proxies have long been linked to disrupting shipping in the region. In 2019, two Saudi oil tankers were sabotaged off the coast of Fujairah in the United Arab Emirates. Tehran denied the mine attack, but the United States said it was "almost certainly" from Iran. Hundreds of international ships were targeted as far back as the Iran-Iraq War in the 1980s. The United States, Europe and Saudi Arabia blamed Iran for the 2019 Abqaiq drone strike, which briefly knocked out half of Saudi oil production, but Iran again denied involvement. The Houthis began launching repeated attacks in the Red Sea last year, prompting most global shipping to detour around Africa. If Iran and its allies go down that path again, the Bahrain-based U.S. Fifth Fleet would likely intervene to protect maritime trade. But it also raises the possibility that it would be formally drawn into the current confrontation. Investors who are currently self-soothing have plenty of reasons to feel reassured. They argue that while Israel has expanded its operations from striking Iranian commanders to energy infrastructure, it has avoided Iran's key Kharg Island terminal, a gateway for 90% of its oil exports. They also see no signs that Tehran will interfere with ships in the Hormuz Corridor. Moreover, oil exports bring in about $50 billion a year for Tehran's battered economy, suggesting that Tehran has good reasons to avoid Hormuz. On top of that, various flashpoints between Iran and Israel in recent years have generally ended quickly. These reasons explain why Brent crude oil prices continue to hover around $75 a barrel, with relatively small gains since Israel launched its first attack last week. But Reuters columnist George Hay said that investors who fail to consider the risks mentioned above may simply not have learned the right lessons from history. FOREXCOM:XAUUSD ACTIVTRADES:GOLD FOREXCOM:USOIL PEPPERSTONE:XAUUSD FX:USOIL
OANDA:XAUUSD
by Charlie_Analyst
XUA/USD) Bullish trand support level Read The captionSMC trading point update Technical analysis of (XAU/USD) on the 30-minute timeframe, incorporating a support zone and trendline confluence strategy. Here's a breakdown --- Analysis Summary Key Technical Elements: 1. Uptrend Channel: Price is trading within a rising channel. Higher highs and higher lows indicate bullish momentum. 2. Support Zones: Key Support Level (near 3,400): A horizontal support zone has been marked where price previously bounced (confirmed by green arrows). Trendline Support: This upward sloping trendline adds confluence to the horizontal support zone. 3. EMA 200 (3,377.96): Acts as a dynamic support level. Price is well above the EMA, supporting bullish sentiment. 4. Projected Price Move: The chart anticipates a dip back to the support area (~3,400), followed by a bullish bounce. Target is clearly defined at 3,504.01, with a measured move of about +103.36 points from the support. 5. RSI Indicator: RSI is around 57, which is neutral to slightly bullish. No overbought/oversold signal yet – supporting potential for more upside. --- Bullish Bias Reasoning: Confluence Zone: Horizontal + trendline + EMA 200. Healthy Price Structure: Higher lows being maintained. Momentum Indicator (RSI) supports continuation. --- Risks / Considerations: If price breaks below the confluence support (~3,400), bullish invalidation may occur. Monitor for false breakouts or heavy selling pressure near resistance. Mr SMC Trading point --- Trading Plan Buy Zone: Around 3,400 (support confluence). SL: Below the trendline/EMA – e.g., 3,370 or lower. TP: Around 3,504 (target zone marked). Please support boost this analysis)
FX:XAUUSDLong
by SMC-Trading-Point
5
GOLD/USD Bullish Breakout PotentialGOLD/USD Bullish Breakout Potential 🚀📈 🔍 Chart Analysis (June 15, 2025): The GOLD/USD price action shows strong bullish momentum after a successful breakout above the previous resistance zone (now turned support) around $3,400. This level had previously acted as a key resistance multiple times (evidenced by the price rejection in early June), but has now been flipped into a support zone. The chart highlights two major elements: 📌 Key Highlights: ✅ Support Zone: The $3,390–$3,410 range is now a confirmed support area after price broke above and retested it. This zone was previously tested multiple times (marked by arrows) and is expected to act as a launchpad for further upside. 🎯 Target Point: The projected bullish target lies in the $3,610–$3,640 range. This level has been highlighted as a potential area where price might face resistance again. 📈 Bullish Projection: A bullish continuation is expected if the price remains above the $3,400 level. The chart suggests a possible pullback to support before continuation towards the target zone. ⚠️ Technical Outlook: As long as price holds above support, the bias remains bullish. A drop below $3,390 would invalidate this bullish scenario and call for reassessment. Conservative entry may wait for a confirmed bounce from support. 🔮 Summary: Bullish bias is active for GOLD/USD with a short-term target around $3,620. Watch the $3,400 support closely for confirmation of the upward momentum.
TVC:GOLDShort
by MrStellanSight
1
Analysis of gold price trend next week!Market news: Weak U.S. inflation data released earlier this week reinforced expectations that the Federal Reserve will cut interest rates, increasing the appeal of spot gold. It hit a two-month high. The geopolitical tension in the Middle East has caused investors to flock to safe-haven assets. Earlier, Israel's air strikes on Iran have once again raised concerns about a wider conflict in the Middle East. In terms of physical gold, demand in major Asian centers weakened this week due to a sharp rise in prices, and the Indian gold price broke through the important psychological level of 100,000 rupees. As geopolitical tensions in the Middle East intensified over the weekend, gold prices may continue to benefit from risk aversion next week, and London gold prices are expected to target $3,500/ounce at the beginning of next week! Next week will also be affected by the Fed's decision and Powell's speech. In addition, U.S. President Trump will visit Canada from June 15 to 17 to attend the G7 Leaders' Summit. His speech at that time may also affect the fluctuation of international gold prices, which is worth paying attention to. Technical Review: From the market point of view, the overall bottoming and rebounding trend of gold this week has undoubtedly laid a strong foundation for buying. It is understandable to follow the trend and rise. However, since the gold price fell back at the end of the week and closed near 3433, I think it is necessary to make a short-term decline judgment on the market trend at the beginning of the week. As the gold price continues to rise, various graphics have formed very obvious and strong support, among which the 3419 line and the 3400 mark shown by the upper track of the daily Bollinger Band are the most important. Once the gold price can stabilize above this area today, the daily support will definitely continue to rise, which will also lay a more favorable foundation for buying to steadily hit new highs. Combined with the risk aversion demand caused by risk events, it is not an exaggeration to expect the gold price to approach the 3500 mark next week! But if the short-term reversal is sold, the 3400 mark is taken, and the daily MACD indicator forms a dead cross green column and continues to increase in volume, then the possibility of selling down to the daily 5-day moving average will be increased. However, whether this possibility can be realized needs to be judged in combination with more factors. After all, the overall trend of gold is still rising. If the adjustment is too strong, it will not only break the trend, but also cause the gold price to fall into a weak trend below 3400 in the short or medium term. Next week's analysis: Gold rose again on Friday under the stimulation of risk aversion. Gold was directly bought at 3413 on Friday, and the circle of friends also directly prompted to buy. Gold rose and harvested as expected. Gold has been shrouded in risk aversion in the Middle East these two days. In the short term, the trend of gold is still supported by risk aversion, and it may go up a level. If risk aversion is not relieved at the weekend, it will continue to buy next week. At present, the risk aversion sentiment of gold is constantly escalating, and buying is also strong and irresistible. So before there is a significant change, it is to continue to buy to the end, and the rise is not a top, and go with the trend. Gold's 1-hour moving average is still a golden cross with upward buying divergence, and the buying power of gold is still there! After the rise of gold's safe-haven, gold adjusted sideways in the short term, but it is still oscillating strongly at a high level. Now it is still in the process of rising. If there is no bad news to make gold fall and break, then the short-term volatility of gold is an adjustment in the process of rising, and it will continue to rise at any time. After gold buying breaks through 3400, gold buying sticks to the 3400 line, so if it falls back to 3400 next week, it will continue to buy on dips. If the risk aversion of gold eases and falls below 3400, then we may readjust our thinking. Operation ideas: Buy short-term gold at 3405-3408, stop loss at 3396, target at 3450-3470; Sell short-term gold at 3457-3460, stop loss at 3469, target at 3420-3400; Key points: First support level: 3422, second support level: 3405, third support level: 3390 First resistance level: 3446, second resistance level: 3458, third resistance level: 3472
OANDA:XAUUSDLong
by NuggetsWarriors
Oil prices soar after Israel attacks IranIsrael launched an airstrike on Iran in the early hours of Friday (June 13), targeting its nuclear facilities, ballistic missile factories and senior military commanders, once again escalating tensions in the region. The head of Iran's Revolutionary Guard was reportedly killed, and the military leader was not the only target. Six Iranian nuclear scientists were also killed in the attack. Iran has responded by launching more than 100 drones, some of which may have been intercepted by Israel's "Iron Dome" air defense system. The attack came as the United States and Iran were negotiating a new deal that could have allowed Iran to maintain a limited nuclear program in exchange for reduced sanctions on its oil exports. The next round of talks, originally scheduled for Sunday, has been canceled by Iran, although the United States claims that it was not involved in the night attack. Crude oil futures give up some early gains Oil prices soared after news of the attack broke. WTI and Brent crude futures initially jumped more than 10% before retreating, narrowing gains to nearly 6% during European trading hours. While there are no signs that Israel attacked any Iranian oil facilities, this major escalation has the potential to turn into something more nasty, such as a wider and more prolonged regional conflict. At the very least, the recent nuclear deal has been put on hold, which provides a floor for oil prices even if tensions ease in the coming days. Dollar rebounds from three-year low Safe haven assets, including the battered dollar, also rose, while stocks fell sharply. The dollar regained some of its appeal today and rebounded as geopolitical risks intensified. The dollar outperformed other safe haven currencies, including the yen and Swiss franc, despite rising expectations of a Fed rate cut after weak U.S. CPI and PPI data this week. However, the dollar may still face pressure in the long run: the trade war is not going to end in the short term, while Trump has again raised the possibility of intervening in Fed policy. On Thursday, Trump expressed his dissatisfaction with the government's annual $600 billion debt interest payments due to high interest rates, saying "I may have to take some coercive measures." His cryptic comments heightened market anxiety, coming a day after he said on Wednesday that countries would unilaterally set tariffs if no trade deal was reached by the July 9 deadline. Later today, the focus will turn to the University of Michigan's preliminary consumer confidence survey. Ahead of the data, the dollar rose about 0.3% against a basket of currencies, recovering from a more than three-year low hit yesterday. Yen edged higher ahead of Bank of Japan decision The yen was also positive today (except against the dollar), further boosted by a Bloomberg report that Bank of Japan officials expect inflation to be slightly higher than expected this year, even though markets expect no rate hike at next week's meeting. The June decision is likely to focus on the Bank of Japan's bond-buying program as markets worry that long-term yields have risen too quickly. But any slowdown in the reduction of bond purchases is likely to be accompanied by a more hawkish outlook on short-term rates. Gold shines as stocks avoid a sharp sell-off Meanwhile, gold prices broke through the $3,400 mark, heading towards April's all-time high of $3,500. If military tensions between Israel and Iran escalate further, the precious metal could well hit new records. In addition, heightened doubts about whether the U.S. can sign new trade deals with major trading partners in time for the next deadline also provide significant support for gold prices in the short term. The only surprise is that despite all the uncertainty, stock markets have been relatively resilient: Asian stocks fell less than 1% on Friday, while European stocks and U.S. futures are currently down 1%-1.5%. FX:XAUUSD CMCMARKETS:GOLD VELOCITY:GOLD VANTAGE:XAUUSD ACTIVTRADES:GOLD OANDA:XAUUSD
OANDA:XAUUSDLong
by Charlie_Analyst
1
As conflict escalates, gold is cautiously long📰 Impact of news: 1. The geopolitical situation between Israel and Iran deteriorates 📈 Market analysis: The worsening geopolitical situation caused a surge in gold prices. The intraday short-term support points of 3420, 3402, and 3380 will all become key support for testing bulls. If the European session is strong, 3420 cannot be lost. If it falls back and loses, it will move closer to the top and bottom conversion position of 3402. If you go long later, you must pay attention to the weakening of the upward momentum. If the European session continues to break the high of 3440, then the US session can be seen around 3468-3493. If the upward momentum in the European session weakens, we need to watch out for a short-selling counterattack and a sharp decline. The geopolitical situation is unstable. Bros must strictly control SL when trading independently. 🏅 Trading strategies: BUY 3420-3402-3380 TP 3390-3400-3420-3460-3490 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
The summit is just around the corner, just one final push away!Gold closed sideways at a high level yesterday, and closed positive again overnight. It opened back to 3379 and pulled up strongly, breaking through the 3400 mark and then increasing in volume. The recent low-multiple bullish ideas have been realized. Today, there is no doubt that it will continue to be bullish and long. The market has turned from the previous sweeping upward to a strong unilateral trend. The upper side will first look at the previous high pressure of 3435. Continued breakthrough will further open up the upper space, or it will hit 3500 or even a new high again. The lower support focuses on the top and bottom conversion position of 3395-3405, and then pay attention to the 1H cycle support near 3410. Intraday operations are still mainly based on falling back and long. Operation suggestion: Go long when gold falls back to 3395-3345, and look at 3434 and 3450. If it is strong, continue to go long with the support of 3415-3410.
OANDA:XAUUSDLong
by TP_Daniel
The situation in the Middle East has triggered global shock The escalation of tensions in the Middle East, especially Israel's military strike on Iran's nuclear facilities, has caused crude oil prices to soar, safe-haven assets such as gold and the Swiss franc have been sought after, while Asian stocks and Wall Street stock index futures have fallen sharply. Global financial markets are experiencing a violent shock caused by a geopolitical storm. The escalation of tensions in the Middle East, especially Israel's military strike on Iran's nuclear facilities, has caused crude oil prices to soar, safe-haven assets such as gold and the Swiss franc have been sought after, while Asian stocks and Wall Street stock index futures have fallen sharply. Investors have adjusted their investment strategies against the backdrop of increasing uncertainty, and market sentiment seems to be uneasy. Middle East conflict escalates: Israel's "preemptive strike" has attracted global attention Israel's military action against Iran On Friday (June 13), Israel announced a so-called "preemptive strike" against Iran, targeting Iran's nuclear facilities, ballistic missile factories and military commanders. Israel claimed that the action was aimed at preventing Iran from developing nuclear weapons and warned that the military action would last for a long time. In response to possible retaliation from Iran, Israel has declared a state of emergency. U.S. Secretary of State Rubio publicly stated that Israel's action was a unilateral action taken out of self-defense, showing its tough attitude towards the situation in the Middle East. Iran's tough response The Iranian Revolutionary Guard responded quickly and issued a statement saying that Israel would pay a "heavy price" for killing the Revolutionary Guard Commander-in-Chief Salami. This statement further exacerbated market concerns that the situation in the Middle East might get out of control. Analysts pointed out that Iran's possible retaliatory actions, including missile and drone attacks, would further escalate regional tensions and bring more uncertainty to the global economy and energy markets. Crude oil prices soared: supply risks pushed up oil prices Oil prices once soared 14%, hitting a recent high Directly affected by the escalation of the conflict in the Middle East, the global crude oil market responded quickly. Brent crude oil futures prices once rose by $8 to $78.47 per barrel, while West Texas Intermediate oil prices rose 14% to $77.62 per barrel, the highest since January 21. Market concerns about oil supply disruptions in the Middle East are the main driving force behind the surge in oil prices. Charu Chanana, chief investment strategist at Saxo Bank, pointed out that if geopolitical tensions continue to intensify, crude oil prices may continue to rise. Outlook for the energy market As a key region for global energy supply, any escalation of conflict in the Middle East could lead to disruptions in oil production and transportation. Analysts warn that if Iran retaliates, it could further push up oil prices and even trigger a global energy crisis. This not only poses a challenge to countries that rely on imported energy, but may also increase global inflationary pressures. Safe-haven assets are hot: gold approaches historical highs, Swiss franc and yen strengthen Gold prices approach record highs Against the backdrop of rising risk aversion in the market, gold has become the focus of investors' pursuit. Spot gold prices once rose 1.7% to about $3,444 per ounce, just one step away from the all-time high of $3,500.05 set in April. As a traditional safe-haven asset, gold is often favored when geopolitical and economic uncertainties intensify. Swiss franc and yen appreciate In addition to gold, safe-haven currencies are also sought after by the market. The Swiss franc rose about 0.58% against the U.S. dollar (CHF=EBS) to 0.8072; the yen appreciated 0.4% against the U.S. dollar, but now both have given up their gains due to the rise in the U.S. dollar. The U.S. dollar index fell first and then rose, and is now up 0.5% to 98.36, indicating that the market demand for the U.S. dollar as a safe-haven asset is also increasing. U.S. Treasuries are in demand The U.S. Treasury market also reflects the rising risk aversion. The 10-year U.S. Treasury yield fell 1% to 4.31%, a one-month low, indicating that investors prefer to hold low-risk assets in turbulent times. Global stock markets are under pressure: Asian stocks and U.S. stock futures fell sharply Asian stock markets plunged Asian stock markets generally fell on Friday, dragged down by the sharp drop in Wall Street stock index futures. Japan's Nikkei index fell 1.6% at one point, South Korea's benchmark stock index fell 1.7% at one point, and Hong Kong's Hang Seng Index fell 1% at one point. MooMoo strategist Jessica Amir said that global stock markets have continued to rise since April, and the MSCI global market stock index hit a record high this week, but the market is ready for a correction, and the escalation of the situation in the Middle East is just a catalyst to trigger the decline. US and European stock index futures plummeted US S&P index futures fell 2% at one point, Nasdaq index futures fell 2.1% at one point, and the pan-European STOXX 50 index futures fell 1.6%. Market analysts pointed out that investors tend to cut risk positions before the weekend to cope with the uncertainty that the situation in the Middle East may further deteriorate. Market Outlook: Dual Pressures of Geopolitics and Trade Policy Geopolitical risks continue to ferment Charu Chanana of Saxo Bank pointed out that the escalation of geopolitics has added new uncertainties to the already fragile market sentiment. If the situation in the Middle East continues to deteriorate, crude oil and safe-haven assets will continue to be sought after, and global stock markets may face greater downward pressure. Investors need to pay close attention to Iran's response and Israel's subsequent military actions. Uncertainty in trade policy At the same time, US President Trump's trade policy has also added pressure on the global economy. Tariff barriers and trade restrictions may further weaken global economic growth expectations, and combined with geopolitical risks in the Middle East, they may have a more far-reaching impact on financial markets. Summary: Investment strategies in market turmoil The sudden escalation of the situation in the Middle East has plunged global financial markets into turmoil, with soaring crude oil prices, strengthening safe-haven assets, and sharp declines in stock markets, reflecting investors' high sensitivity to uncertainty. In the coming days, Iran's response and the mediation efforts of the international community will become the focus of market attention. For investors, in a highly volatile market environment, it would be a wise choice to remain cautious, pay attention to safe-haven assets, and closely follow geopolitical developments. At the same time, the trade and energy challenges facing the global economy also remind us that future uncertainties may be far from over. FX:XAUUSD VELOCITY:GOLD ICMARKETS:XAUUSD VELOCITY:GOLD
OANDA:XAUUSDLong
by Charlie_Analyst
1
GOLD/USD Bullish Breakout ConfirmationGOLD/USD Bullish Breakout Confirmation 🚀📈 📊 Technical Analysis Overview: The chart illustrates a bullish breakout above a well-defined resistance zone around $3,390–$3,400. Price action has decisively closed above this resistance, suggesting strong bullish momentum. 🔍 Key Observations: 🟦 Support Zone: Marked clearly between $3,250–$3,280, this level has held firm multiple times (highlighted with green arrows and orange circles), confirming buyer interest and market structure. 🟦 Resistance Turned Support: The previous resistance zone around $3,390–$3,400 has now potentially turned into a new support. Price retesting this zone and holding would further validate the breakout. 📈 Future Projections: The chart anticipates a retest-pullback-continuation scenario: Pullback to new support 📉 Bullish continuation toward $3,460+ 🎯 if support holds. ✅ Bias: Bullish as long as price remains above the $3,390 zone. Break and hold below would invalidate the bullish setup. 📌 Strategy Tip: Look for confirmation on the lower timeframes (e.g., bullish engulfing or pin bar) on the retest before entering long.
TVC:GOLDLong
by MrStellanSight
Spot gold is expected to test the $3,450 resistance levelSpot gold continued to rise in the Asian session on Friday (June 13), reaching a high of $3,443.18 per ounce, an increase of about 1.57%. Reuters technical analysts pointed out that spot gold is expected to test the resistance level of $3,450 per ounce, breaking through which it may rise to the range of $3,473 to $3,488. The c wave that opened at $3,294 briefly broke through the 86.4% forecast level of $3,429. Currently, the wave is moving towards the 100% forecast level of $3,450. The current rise is classified as a continuation of the previous upward trend that started at $3,245. The support level is at $3,413, and a break below this level may cause gold prices to fall to the range of $3,372 to $3,391. The daily chart shows that gold prices are expected to return to the high of $3,500 on April 22. Depending on how deep the decline is from this high, gold prices could eventually rise to $3,800. FOREXCOM:XAUUSD VELOCITY:GOLD FOREXCOM:XAUUSD CMCMARKETS:GOLDQ2025 OANDA:XAUUSD
OANDA:XAUUSDLong
by Charlie_Analyst
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
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
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
XAU/USD(20250612) Today's AnalysisMarket news: ① The EU hopes that the trade negotiations will be extended beyond the suspension period set by Trump. ② Bessant: As long as "sincerity" is shown in the negotiations, the Trump administration is willing to extend the current 90-day tariff suspension period beyond July 9. ③ Trump will hold multiple bilateral talks during the G7 summit. ④ The total customs revenue of the United States in May reached a record high of US$23 billion, an increase of nearly four times year-on-year. ⑤ Lutnick: One deal after another will be reached. Technical analysis: Today's buying and selling boundaries: 3343 Support and resistance levels: 3388 3371 3360 3326 3315 3298 Trading strategy: If the price breaks through 3371, consider buying in, and the first target price is 3388 If the price breaks through 3360, consider selling in, and the first target price is 3343
OANDA:XAUUSDLong
by NuggetsWarriors
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