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Goldtradingstrategy

Repeated cycle, timing is keyMarket fluctuations are oscillating about 70% of the time, and only about 30% of the time are unilateral upward or downward, so accumulating small victories into big victories is the magic weapon for long-term success. What we need to do is to plan our positions well, and make this investment with a plan, direction, and guidance. A good trader will make your investment journey smoother. How to operate in a volatile market? The ancients said: Do not do good things because they are small, and do not do evil things because they are small. If we move it to financial management, it can be understood as: Don't be too greedy, enter the market in batches. When entering the market and covering positions, the position should be small. Although the profit is less, accumulating small victories into big victories is the key to success. The investment philosophy is composed of the investor's psychology, philosophy, motivation, and technical level. It mainly includes: stability, patience, independent thinking, discipline, trend, etc. Judging from the current trend of gold, in the 4H cycle, it has touched 3330 many times under pressure, and the K-line has continuously closed with upper shadows, which is quite similar to yesterday's rhythm. So we must first look at the strength of the decline. The support below is at 3314 and 3306. In terms of operation, it should be treated as mainly long and auxiliary short. The upper pressure still focuses on the gains and losses of 3330.
OANDA:XAUUSDLong
by TP_Daniel
GOLD ROUTE MAP UPDATEHey Everyone, Another PIPTASTRIC day on the markets with our chart idea and levels playing out and being respected, as analysed. After completing the swing range test and full swing into 3306, we stated yesterday that we will now look for ema5 cross and lock above 3306 to open 3330. This was locked and loaded and completed the 3330 target today. We will now continue to look for ema5 lock above 3330 for a continuation into the bullish targets above or failure to lock will see rejections into the lower Goldturns for support and bounce inline with our plans to buy dips. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3358 EMA5 CROSS AND LOCK ABOVE 3358 WILL OPEN THE FOLLOWING BULLISH TARGETS 3389 EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET 3416 EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET 3439 BEARISH TARGETS 3330 - DONE EMA5 CROSS AND LOCK BELOW 3330 WILL OPEN THE FOLLOWING BEARISH TARGET 3306 - DONE EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SWING RANGE 3283 - DONE 3254 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
18
Short gold ,the downside potential is far from over.After we waited patiently for a long time, the gold bears finally showed signs of strength and began to fall as expected. Why do I insist on being optimistic about the gold retracement and wait patiently for it to retrace? ! In fact, it is very simple. Gold started to rebound from around 3283 and touched around 3330, which only recovered 50% of the decline. When facing the 50% retracement level, the bulls were unable to do so and could not stand above 3335, and could not even stabilize above 3330. The bulls' willingness was obviously insufficient. Then it can be determined that the gold rebound is only a technical repair of the sharp drop, and it cannot be completely regarded as a reversal of the trend. Then after a certain degree of repair, the gold bears will counterattack again. Moreover, from the perspective of market psychology, the recent gold bull and bear markets have been discontinuous, and Trump often stirs up the gold market, making it difficult for the market to stand unilaterally on the bull side. Therefore, before gold stabilizes in the 3330-3340 area, there is limited room for rebound in the short term. Once gold falls below the 3310-3305 area again during the retracement, gold may test the area around 3280 again, or even around 3270. So the above is why I insist on shorting gold, and I have shorted gold at 3320-3330 as planned, and patiently hold the position to see its performance in the 3310-3305 area, which is also the target area of ​​our short-term short position.
OANDA:XAUUSDShort
by Trading_Steffen
Gold 4-hour resistance point fluctuates, shorts comeOn Thursday (July 10), the 4-hour resistance point of gold price was formed before the US market. The logic of shorting at the resistance point can be considered. Spot gold maintained a strong trend in the European session, trading around $3,330. Although US President Trump's remarks on imposing a new round of tariffs on many countries triggered safe-haven demand, the FOMC meeting minutes showed differences in the path of interest rate cuts within the year, making gold bulls still cautious. Spot gold continued to retreat after the previous high of $3,499.83, and has been blocked below $3,451.14 recently, forming a relatively obvious box consolidation structure. The current price is running below the middle track of the Bollinger Band at $3,343.69, indicating that the upward momentum of the bulls is weak. Analysts believe that the short-term key support level is at $3,250, which forms a resonance support with the previous low of $3,247.87. If it falls below, it may increase the downside risk.
TVC:GOLDShort
by AIan_Gold
1
Gold shows signs of slowing down, are the bears ready?This wave of bullish pull-up is a complete rebound. With the help of the timeliness of fundamentals, the highest rebound only reached around 3330 and then began to fall. At this time, many people probably think that the short-term trend has begun to change. I still stick to my bearish thinking. The important target pressure is definitely around 3330. As long as this position is under pressure and falls back to 3280 again, it will be shaky. At present, the stop loss is based on the break of 3335. If it really breaks, it will be similar to the break of 3280. Even if 3340-3345 is short, it is also a short-term bull correction. If the falling channel is broken, I can't convince myself to continue to be short and stick to it. Once 3335 breaks, I can really confirm the reversal of the short-term trend. Then 3280 will also be the bottom of the medium term. In short, since I am shorting near 3320-3330 in the direction of the band and the short-term negative, I think that the stop loss will be given to 3335. The stop profit target is uncertain. The channel has not been broken. Now the short-term long and short conversions are frequent. It is definitely the best choice in my own trading system. No one will win all the time. It is too fake to win all the time. Make your moves according to your own ideas without regrets. If this wave of strategy verification fails, everyone is welcome to supervise. We dare to take responsibility and review every judgment.
OANDA:XAUUSDShort
by TP_Daniel
1
Short gold, the bears will still counterattack after the reboundGold rebounded to the 3305-3315 area as expected, and our gold long position successfully won 360pips profit. So after standing above 3,300 again, will gold resume its bullish trend? I think that although gold has stood above 3300 again, it cannot be confirmed that the decline has been completely reversed for the time being. Relatively speaking, gold bears still have the upper hand. In the short term, gold is under pressure in the 3325-3335 area, so before recovering this area, gold bears still have repeated fluctuations, and may even test the 3305-3295 area again. So we can't blindly chase gold in trading. Before gold recovers the 3325-3335 area, gold can only be regarded as a rebound, not a reversal. So gold bears may counterattack at any time, so in short-term trading, we can consider shorting gold with the 3325-3335 area as resistance after gold rebounds. The first entry area that must be paid attention to is 3320-3330.
OANDA:XAUUSDShort
by Trading_Steffen
Gold's short-term decline is limited and will continue to riseWith the rise of gold in the US market yesterday, the trend line of the downward trend channel has been supported many times in the short cycle. After the rebound, we still need to pay attention to the suppression of 3328-30. This position is the suppression position of the 4-hour downward trend channel. If it breaks, the overall trend will be a rising flag, which may continue the upward trend. Of course, if it continues to not break through the suppression of 3328-30, it may fluctuate within the range. This requires further observation. Intraday short-term suggestions: short-term long mainly, pay attention to the support of short-term long near 3307, stop loss 3297, take profit at 3328-30 suppression, break at 3348-50, pay attention to risks.
TVC:GOLDLong
by AIan_Gold
1
The risks of shorting at low levels have been informed!Today, I have reminded you many times not to chase short positions at low levels. Now you can see that gold has bottomed out and rebounded. We also bought gold in batches at 3285-3295, and the long positions also made perfect profits. I believe that friends who follow my articles can see that I have always emphasized not to short at low levels. It is also obvious to everyone that we bought long positions near 3295-3285. In the future, we will continue to pay attention to the suppression of the upper 3318-3325 line. If the rebound does not break, we will look for opportunities to short. I hope everyone can grasp the entry position and hold the profit. The rebound will first look at the previous break point of the 3325 line, and then short when the rebound is suppressed! If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with me! From the current analysis of gold trend, today's upper short-term resistance focuses on the hourly top and bottom conversion position of 3318-3325. The intraday rebound relies on this position to go short once and look down. The lower short-term support focuses on 3280. The overall support relies on the 3280-3325 area to maintain the main tone of high-altitude low-multiple cycles. In the mid-line position, keep watching and do less, be cautious in chasing orders, and wait for the opportunity to enter the market after the key points are in place. Gold operation strategy: short gold rebounds near 3318-3325, target 3305-3295.
OANDA:XAUUSDShort
by TP_Daniel
1
GOLD ROUTE MAP UPDATEHey Everyone, Absolutely beautiful to see our 1h chart idea playing out perfectly. After completing the bearish targets earlier this week, we had the ema5 cross and lock below 3306 opening the swing range. - This played out perfectly hitting the first swing range level and doing exactly what it say son the tin giving the full swing into 3306 just like we highlighted. We will now look for ema5 lock above 3306 for a continuation into the bullish targets above or failure to lock will see rejections into the lower Goldturns for suport and bounce. If it continues to fail breakout above, into the first Bullish target, then we are likely to see the full swing range tested on the rejections. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3358 EMA5 CROSS AND LOCK ABOVE 3358 WILL OPEN THE FOLLOWING BULLISH TARGETS 3389 EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET 3416 EMA5 CROSS AND LOCK ABOVE 3416 WILL OPEN THE FOLLOWING BULLISH TARGET 3439 BEARISH TARGETS 3330 - DONE EMA5 CROSS AND LOCK BELOW 3330 WILL OPEN THE FOLLOWING BEARISH TARGET 3306 - DONE EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE SWING RANGE 3283 - DONE 3254 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
Technical analysis guide for gold in the US market!Technical aspects: The gold daily chart shows an obvious shock consolidation structure, and is currently running between the middle and lower tracks of the Bollinger Bands, with an overall weak trend. Since hitting a high of $3499.83, the market has fallen into a sideways consolidation range, with top resistance concentrated in the $3400-3450 range and bottom support at $3250. The recent price retracement to around 3250 failed to effectively break below, forming an important support level. The MACD indicator crossover continues, the green column is enlarged, the double lines are downward, and the momentum is weak. The RSI indicator runs around 44, and does not show oversold or rebound signals. The price is still in a weak consolidation stage. Analysts believe that if it falls below the 3250 line, it may open up further correction space, and pay attention to the 3170 area support; on the upside, if it can effectively stand above 3400, it is expected to retest the 3450 line high.
TVC:GOLDShort
by AIan_Gold
2
7.9 Gold long and short switches frequently!From the daily chart, the overall gold price is still in a weak position, the moving average is hooked, and the upper pressure is near the moving average 3319. Only if it breaks through and stands firm at this position during the day, can the bulls start to exert their strength. It happens that the MA10 position of H4 is also near 3319. At present, H4 is in a bearish trend, so the bullish pressure is still very large, but it rose in the early morning, and it bottomed out and rebounded. Combined with the recent non-continuation of the long and short trends, there is a high probability of rebounding during the day, so we can go long in the Asian session first, and go long directly at the current price of 3300, add positions to 3295, defend 3286, and look at 3312-19. The focus is still on the strength of the European session. If the European session is strong, continue to go long before the US session retreats; if the European session is weak, the US session will bottom out and rebound!
TVC:GOLDLong
by AIan_Gold
1
Gold lures shorts, mainly depending on the rebound.On Monday, the gold market rebounded. The root cause was that Trump sent tariff letters to 14 countries at one time. Even allies such as Japan and South Korea were not spared and were subject to high tariffs of 25% to 40%. This "extreme pressure" trade method instantly ignited the market's risk aversion sentiment. Funds poured into gold, pushing up gold prices. The market quickly saw through the "routine". On Tuesday, Trump extended the tariff deadline from July 9 to August 1. This delay was seen as a signal of "surrendering" under trade pressure, and trade tensions were eased. The safe-haven demand dissipated like a receding tide, and gold was sold off violently, plummeting by $35 in a single day, a drop of more than 1%, and the lowest fell to $3,287.2 per ounce. On Tuesday, the price of gold showed a trend of rising and falling. It reached a high of 3245 in the morning and then gradually fell. It fell to 3287 and then stopped falling and rebounded. As it failed to break through the key resistance level of 3345 and the price continued to be unable to stand firm on the middle track, the bulls' rebound momentum was insufficient. Yesterday's daily line closed with a large Yin line in the engulfing pattern. This K-line combination indicates that the gold price may continue to fall today. The focus below is on the support strength near the lower track 3280. The upper resistance level needs to pay attention to the 3320-3330 range. Today's daily closing is crucial. If the real big Yin line continues to close, it may drive the Bollinger Band to open downward and further open up the downward space; if the closing can stand above 3330, the short-term downward trend may end and the market is expected to restart the rise. From the weekly perspective, the gold price showed an obvious oscillation pattern this week. After rising on Monday, it fell back on Tuesday. The bulls and bears fought fiercely but failed to gain a decisive advantage. Although the current market is weak, the price is close to the important support area. In terms of operations, it is recommended that under the premise of controlling risks, you can now pay attention to the opportunities to buy on dips in the 3295-3285 area.
OANDA:XAUUSDLong
by TP_Daniel
Gold price drops to 3250Today's daily line is in the negative, rebounding in the morning, and the high point yesterday morning was 3310, and the bearish point is also at this point. It is higher than the 382 line of yesterday's decline and rebound, 3307. After the morning rebound, the current decline formed a morning downward trend. The watershed is 3308-10, today's short stop loss position. The market fell in the morning, and the strength of the rebound should not be strong. The top and bottom conversion position is 3297-98. The European session broke the bottom, and the US session continued to fall. The next double bottom support is around 3275. If the rebound is in place, it is still bearish, and the decline continues. 3258-60 line.
FOREXCOM:XAUUSDShort
by DonaldJohnson
The Federal Reserve meeting is the highlightAfter the gold price surged in the morning yesterday, it started the shock-washing mode. In the evening, the price broke through the expected range, fell below the key support of 3297, and continued to fall to the 3287 line. This trend directly destroyed the rising structure of the right shoulder in the 4-hour head and shoulders bottom pattern. The daily line finally closed in the negative, suggesting that the short-term market has signs of weakening. At present, gold has gradually left the previous shock range, and the K line is suppressed by the short-term moving average, and the weak trend is obvious. At the daily level, it is necessary to pay attention to whether there will be a second decline after the rebound is confirmed. On the 4-hour chart, although the price fluctuates in a narrow range, the rebound strength and continuity are insufficient, and the short-term decline space may not be fully released. At present, the upper resistance is 3300-3307, and the lower support is 3280-3277. It is recommended to do more on the callback and rebound high as a supplement.
FXOPEN:XAUUSDShort
by VitoCamilla
Buy Gold! The short-term bottom may have appeared!Gold continued to retreat yesterday and hit a recent low, reaching around 3287. Then gold gradually rebounded to above 3300. Relatively speaking, the rebound momentum was weak. It is expected that the long and short sides will fight fiercely around 3300. However, from the recent characteristics of gold operation, it can be seen that although the short position of gold is strong, it is difficult to continue in the short term, and I think the short-term decline of gold is basically in place, so at this stage, in terms of short-term trading, I do not advocate shorting gold directly; As gold did not continue to fall after reaching around 3287, on the contrary, it gradually rebounded to above 3300, which may strengthen the market's consensus on the short-term bottom, thereby attracting the favor of off-site funds; from the current gold structure, if gold can maintain above 3300-3295, it may be combined with the 3287 low to build a "W" double bottom structure, which is conducive to supporting the rebound of gold. However, as gold fell below 3300 again, the bearish trend is relatively strong, so we need to moderately lower our expectations for a gold rebound. In the short term, gold is under pressure in the 3315-3325 area, so we can temporarily look to this area for the rebound target. Therefore, in short-term trading, I do not advocate shorting gold directly, and you can first consider going long on gold in the 3300-3295 area, TP: 3310-3320-3330.
OANDA:XAUUSDLong
by Trading_Steffen
Hold more than 3320 gold orders and wait patiently for the riseWe arranged a long order at 3320. Obviously, the market has given us an opportunity. After entering the long order, we should set a stop loss and wait patiently for the profit to be released. This is what we have to do, so there is no other idea and we are still bullish. The current market has a clear rhythm, and the support is effective. In the short term, it is still a bullish structure. The structure is not broken and the direction remains unchanged. We will continue to advance the trading rhythm as planned. 🔸 Hold long orders near 3320, and the stop profit is 3335-3345 unchanged. 🔸 Strictly implement the trading plan, keep a stable rhythm, and wait for the market to realize the space. Trade within the plan, rhythm first, keep an eye on the key points, and leave the rest to the market.
OANDA:XAUUSDLong
by TP_Daniel
Follow up before the Fed minutesGold, the price fell from the historical high of 3500 to 3120 in the first round this year, and is now in the second round of downward cycle after rising to 3452. The mid-term top idea is maintained, and the operating target is 3120; after bottoming out and rebounding to 3345 on Monday, it did not continue on Tuesday, and fell to 3287 in a weak position; the daily chart recorded a real big Yin, and the K-line combination was short-term, and the bearish trend continued during the day, and attention was paid to the impact of the Federal Reserve's monetary policy minutes on Thursday morning; Opening at 3301, short-term resistance at 3308-3310 during the Asian session, strong resistance at 3315 and daily chart MA5-3320, the limit rebound is not more than here; short-term support at 3293, strong support at 3287, and the previous parallel low at 3247 is expected to be seen if it breaks;
FXOPEN:XAUUSDShort
by VitoCamilla
The intraday low has already appeared, so go long on gold boldlyGold unexpectedly fell sharply to around 3287. To be honest, the short position is relatively strong. However, since gold fell below 3000, we can clearly see that gold has shown strong resistance to falling during the decline, and the volatility tends to converge around 3287, proving that the buying support below is strong; and as gold continues to retreat, the off-market wait-and-see funds will be more willing to go long on gold; and some short positions will be more willing to go long on gold after profit taking; In addition, although the short position is strong, it is difficult to continue in the short term. The intraday decline is basically in place. It is estimated that 3287 is the intraday low, so at this stage, it is inconvenient for us to continue to chase short gold. On the contrary, we can boldly go long on gold in the 3305-3295 area and look at the target area: 3320-3330.
OANDA:XAUUSDLong
by Trading_Steffen
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Please see update on our 4H Chart route map, also playing out perfectly with our levels being respected, as analysed. We have our bearish target hit at 3295 and currently testing for support and bounce. Ema5 cross and lock below this level will open the swing range and failure to lock will see price reject and head up for the Bullish target. The 1h chart route map from yesterdays update also has the swing range open, which we need to keep in mind when planning to buy dips. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges. BULLISH TARGET 3364 EMA5 CROSS AND LOCK ABOVE 3364 WILL OPEN THE FOLLOWING BULLISH TARGETS 3429 EMA5 CROSS AND LOCK ABOVE 3429 WILL OPEN THE FOLLOWING BULLISH TARGET 3499 EMA5 CROSS AND LOCK ABOVE 3429 WILL OPEN THE FOLLOWING BULLISH TARGET 3499 EMA5 CROSS AND LOCK ABOVE 3499 WILL OPEN THE FOLLOWING BULLISH TARGET 3561 BEARISH TARGETS 3295 - DONE EMA5 CROSS AND LOCK BELOW 3295 WILL OPEN THE SWING RANGE 3242 3171 EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE 3089 3001 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
22
After repeated tug-of-war, where will gold go?At present, the gold market is divided between long and short positions. The Federal Reserve may maintain high interest rates, which weakens the investment appeal of gold; however, trade frictions and geopolitical risks provide safe-haven support for gold. Overall, market sentiment is mixed, with bulls lacking confidence, but bears have not been able to fully control the situation. Last week's strong non-farm data reduced market expectations for a rate cut in July, pushing up U.S. bond yields and the dollar, putting pressure on gold, which does not generate interest. In addition, Trump said on social media that he would impose a 10% tariff on countries that "support anti-U.S. policies." The market is waiting for the release of the minutes of the Fed's June meeting, which will more clearly show policymakers' views on the current economic situation and future policies, and may determine the direction of interest rates. If the minutes show that the Fed is inclined to maintain high interest rates for a longer period of time, gold prices may continue to face downward pressure. From a technical perspective, gold was under pressure at a high level at the opening, so gold is expected to fall today. Today's key pressure level is 3345. Before the price effectively breaks through and stabilizes at 3345, any rebound is a short-selling opportunity; once it stabilizes at 3345, the bottom pattern is confirmed to be established, and the bulls will start an upward market. At this time, the short-selling idea should be abandoned. From a technical point of view, the 1-hour chart has shown a trend from weak to strong, and the Bollinger Bands are opening and diverging upward, indicating that the market may accelerate upward. Today's operation suggestion is to focus on low-long and high-short as a supplement. In terms of specific points, the lower support is 3327-3320, and the upper resistance is 3355-3360. Operation strategy: 1. It is recommended to buy gold when it rebounds to around 3327-3320, with the target at 3340-3350. 2. It is recommended to sell gold when it rebounds to around 3345-3355, with the target at 3330-3320.
OANDA:XAUUSDLong
by TP_Daniel
1
Below 3360, short sellers still have profit potential!Although gold has steadily rebounded to around 3345, compared with yesterday's gold falling below 3330 again, the rebound in the short term is not strong; overall, gold is still in a weak and volatile pattern, with pressure from the upper side at 3350-3360; and there is technical buying support in the lower 3300-3290 area. It is under the influence of the resistance area and the support area that gold lacks continuity. So before gold breaks through effectively, I think both the long and short sides of gold have profit potential, so for the current short-term trading, we can temporarily maintain the high-sell-low-dregs trading within the range. 1. Consider shorting gold in batches with 3345-3365 as resistance, TP: 3330-3320-3310; 2. Consider going long gold in batches with 3325-3305 as support, TP: 3345-3355-3365
OANDA:XAUUSDShort
by Trading_Steffen
The short position is losing money. What should we do?Gold hit the intraday low of around 3296 and then began to rebound. We can see that the rebound of gold is not strong, but it is relatively sustained, so gold has rebounded to around 3335. To be honest, I did short gold according to my plan and still hold a short position. Although gold has rebounded to around 3330, I don’t think my short gold trade has failed. As I said in the previous point of view, gold is facing technical suppression of the head and shoulders in the short term, which will suppress the rebound limit within the 3335-3340 area. So before gold stabilizes at 3340, I think the gold shorts still have the upper hand. So as long as gold stays below 3340, I think the gold rebound is a good opportunity to short gold. At present, gold is facing the resistance area of ​​3335-3340 and begins to show signs of stagflation. After consuming a certain amount of bullish momentum, the gold shorts may counterattack strongly again and stimulate gold to fall rapidly. Therefore, before gold breaks upward through the 3335-3345 area, we can still consider shorting gold, or continue to hold a short position in gold!
OANDA:XAUUSDShort
by Trading_Steffen
Seize the correction: It’s the right time to short goldThe current rebound is only a technical adjustment rather than a trend reversal. The rebound in the falling market is a good opportunity to arrange short orders. The hourly chart shows that the moving average pressure continues to move down to around 3340-3345. This position also serves as the long-short watershed in the previous intensive trading area, forming a key resistance barrier. If the gold price rebounds and approaches the area below 3345 and a stagflation signal appears or a top structure is formed, it can be regarded as a clear short signal. It is recommended to enter the market to seize the downward space. The current market direction is clear, and the exhaustion of the rebound is the best time to enter the market. Relying on the technical pressure level, the short position can be accurately arranged.
OANDA:XAUUSDShort
by TP_Daniel
1