Gold is rising, beware of a pullback.Since last Friday, the daily line has shown an alternating trend of yin and yang. In the three trading days this week, the lows and highs have been rising continuously, which shows that the short-term trend is strong. Today's intraday trend also illustrates this point. At present, gold has risen directly to the 3388 line, directly refreshing the intraday high again.
From the hourly chart, we must be careful of the possibility of gold diving. From the previous rules, each rise is about 45 US dollars. This time it also started from 3340-3345, and the increase was close to 45 US dollars. Moreover, each time the rise is completed, the dive callback is 35 US dollars. Therefore, once it starts to fall from 3385-3390, it is very likely to reach 3350-3355.
In terms of short-term resistance, pay attention to the 3400 pressure level above; the support level is around 3340. the support level pays attention to the vicinity of 3340.
Operation strategy:
Short at 3385, stop loss at 3395, and profit range is 3360-3350.
Xauusdtrade
Gold surged, what will be the trend today?Information summary:
On Wednesday, the US dollar index plunged during the session as the CPI data that was lower than expected boosted the market's expectations of interest rate cuts. As of now, the lowest point is near 98.2.
After the release of the CPI data, gold rose in the short term and touched the 3360 US dollar mark, and then quickly gave up the gains and retreated to around 3320. However, it rose again due to the sharp escalation of the situation in the Middle East. As of now, the highest is around 3380.
Market analysis:
From the current 4-hour chart:
Yesterday's 3360 pressure level has been broken, and the Asian market has successfully stood above this position in the early trading. Then the suppression position of 3360 has turned into a support level. Therefore, the position we should pay close attention to next should be 3360-3350. If the price falls back to around 3350, it is possible to enter the market and do more. If the price rises again, it is very likely to break through 3400. Once it breaks through 3400, it will most likely reach around 3420.
Secondly, from the hourly chart, there are some signs of head and shoulders bottom. It would be perfect if it can fall back and then go up again. But gold cannot fall below 3345 again. If it falls below 3345 again, it cannot be long.
Operation strategy:
Go long when the price falls back to around 3350, stop loss at 3340, profit range 3375-3400.
Insist on shorting gold on ralliesToday we made a total profit of 350 pips in 2 short trades. First, we shorted gold near 3345, and when gold fell to around 3330, we manually closed the order to lock in profits; the second time, gold rebounded sharply with the help of CPI data, and we seized the opportunity to short gold again near 3360, and ended the transaction by hitting TP: 3340. We accurately grasped the profit of gold shorting.
At present, gold is in a narrow range of fluctuations near the 3330 mark. Relatively speaking, gold is still in a weak position. Although gold has rebounded sharply with the help of the positive CPI data, it has shown a long upper shadow in the candle chart due to the rapid retracement, which has strengthened the resistance above and limited the rebound space of gold in the short term. In addition, the morphological structure shows signs of building a head and shoulders top structure. The resistance area in the short term is 3345-3355; followed by 3360-3370. Although gold is currently in a narrow range of fluctuations near the 3330 mark, it does not show obvious signs of support. It is easy to fall below the area near 3330 in a weak situation. The relatively strong support is in the 3320-3310 area, followed by the area near 3300-3290.
So for short-term trading, I still advocate taking the 3345-3355 area as resistance first and continue to short gold!
Continue to short gold Gold rebounded from around 3315 and has now reached above 3340. According to the current structure, gold tends to rebound upward. But the characteristics of the recent market trends are also very obvious. Gold has risen with difficulty, but has retreated very quickly! Overall, there was no continuation in the process of long and short games, which was disorderly fluctuation.
According to the current structure, as long as gold cannot break through the 3350-3355 area and the bulls have not completely gained the upper hand, gold still has the potential to go down and test the 3320-3310 area again. Therefore, for short-term trading, we should not chase gold too much, and we can still try to short gold with the 3345-3355 area as resistance.
Gold fluctuates, awaiting CPI data.In Asian trading on Wednesday, traders are awaiting the release of the latest U.S. Consumer Price Index (CPI) data for May. Estimates suggest that prices are likely to rise as American households feel the impact of tariffs imposed by the Trump administration. But the easing between the world's two largest economies should have an adverse impact on safe-haven assets such as gold, and the lack of a downward trend in gold prices suggests that investors are waiting for more developments.
In terms of short-term trends, the gold 1-hour chart shows that gold prices remain in an upward channel with a low point. So from the trend, the current momentum for gold to rise will be stronger. The price pullback is giving opportunities to go long.
The change of thinking is actually following the trend. For the current operation, enter the market with the trend, and cover the position when it falls back or break through the profit position to cover the position. In a strong market, during the correction phase, the price is rising, and the amplitude of the correction is often small. The bulls retreated at the opening to accumulate momentum. Above is the pressure level of 3350-3360. Once it breaks through and stabilizes, it will accelerate the upward trend. Just follow the general trend of the market.
Operation strategy:
Go long when the price falls back to 3310-3320, stop loss at 3300, and profit range is 3345-3360.
How is the market situation during the China-US talks?Information summary:
On Tuesday, as the China-US trade negotiations entered the second day, the US dollar index fluctuated around the 99 mark.
The gold price once approached the 3,300 US dollar mark in the Asian market, and then continued to rise, reaching the highest of the 3,350 US dollar mark. After the opening of the US stock market, all the gains during the day were given up, and it has been maintained below 3,350 for consolidation.
From the current known negotiation information, the two sides basically agree on the general direction and principles, but it means that more specific content and details have not yet been fully negotiated, and more dialogue is needed to resolve.
Market analysis:
From the current gold market, as long as the 3,350 mark cannot be strongly broken through next, the price will fall again. The consolidation range will remain at 3,300-3,350. As long as the price fails to break through strongly, there will still be a fifth wave of downward trend.
Therefore, gold is still maintaining short selling operations at high points.
Operation strategy:
Short at 3345-3450, stop loss at 3360, the first target is this week's low of 3300, the second target is 3285, and the third target is 3250.
GOLD M30 Intraday Chart Update For 10 June 2025Hello Traders
Market tested 3302 level this morning and move back towards 3340 SBR structure zone
all eyes on 3340 level clear breakout once market breaks 3340 level it will move towards 3350 Psychological Level or even 3365
Key Support for the day 3300 Psychological Level
Disclaimer: Forex is Risky
Gold is expected to continue to fall to 3280 or even 3250In the short term, the operation of gold is completely in line with my expectations. I clearly pointed out yesterday that gold will encounter resistance in the 3330-3340 area and will at least retest the area around 3315-3305 again. At present, gold has rebounded slightly after retesting the area around 3302 and is trading around 3309.
According to the strength of yesterday's rebound, gold did not effectively break through the 3300-3340 area. Gold is still weak in the short term, and the head and shoulders top structure is constructed in the 3328-3338-3328 position area in the short term, which suppresses gold to a certain extent and limits the rebound space of gold. After multiple tests, the area around 3300 may be more conducive to being broken. After gold has been under pressure and fallen many times, the current short-term resistance area has been reduced to the 3310-3320 area; so I think gold still has a good downward space in the short term, which may continue to 3280, or even around 3250.
So for short-term trading, I think it is possible to consider continuing to short gold.
Gold is falling. Where is the low point?Market summary:
Yesterday, thanks to the weakness of the US dollar, the US dollar once fell below the 99.0 mark. Spot gold rebounded from the low of 3293 hit earlier in the session, recovering all the losses during the day, and the highest point was near 3338.
It fell from the high point in the early Asian session on Tuesday, and has been consolidating in the 3300-3310 range so far. In my early analysis, I pointed out that there is a high probability that the fifth wave of the wave trend will fall at the beginning of this week, and as I predicted, it is completing the fifth wave of the downward trend.
Trend analysis:
From the four-hour chart, the fourth wave of rebound has been completed, so today is the fifth wave of the downward trend. Next, we look at the two target ranges.
The first target is around 3280, and the second is 3260-3350. And today, it is highly unlikely to stabilize above 3310, so don't choose to short at the rebound high point, the chance is very slim.
Operation strategy:
Short around 3310, stop loss at 3320, profit range 3380-3350.
Rebound is a good opportunity to short goldGold gradually rebounded after touching 3295. The highest price has rebounded to 3338. Although the rebound has reached $43, the upward momentum is not strong during the rebound. Therefore, the current rebound cannot be confirmed as a reversal trend. Moreover, gold has not yet effectively broken through the 3330-3340 area. Gold is still weak in the short term. Gold still has the potential to fall after the rebound. It will at least retest the 3315-3305 area again.
Therefore, there is no need to fear the rebound of gold for the time being. The rebound of gold is a good opportunity to short gold. I think gold will at least retest the 3315-3305 area again, and even exceed expectations to the area around 3280. Shorting gold is the password for profit in the short term!
Gold price rebounds, short-term strength?After the opening of the U.S. stock market today, the price of gold rose rapidly, breaking through the first resistance level of 3325, and currently reaching the intraday high of 3337.
However, from the hourly chart, the current price has not reached the upward trend point I predicted, so the price is likely to rise slightly again in the future.
From the 4-hour chart, gold rose again after falling back in the U.S. market, and the price broke through the 3325 position upward, which means that the short-term is strong; in the morning analysis, I predicted that gold would fall back and rush high, and the fall back can be short-term long, and the volatile market can be operated in the short term according to this strategy.
At present, the 4-hour MA5-day and 10-day moving averages have a trend of forming a golden cross upward, and after the fall in the morning, the moving averages are currently showing an upward turning trend.
Therefore, after the price breaks through 3325, the probability of continuing upward is still relatively large, and the pressure position is 3345; this position is the point after the fall back from the high point in May, and it is also an important pressure position after the current price falls back and rebounds.
The price is currently heading towards a retest of 3340-3345 levels. If the dollar continues to fall and gold manages to consolidate above 3345, the bullish trend is likely to continue. However, a false breakout of 3340-3345 area could trigger a further decline following the breakdown of the bullish structure.
Gold is falling, waiting for the trend to be completed?The Asian market continued to fall on Friday in the early trading on Monday, reaching a low of around 3293. It then bottomed out and rebounded, reaching a high of around 3325, and is currently maintaining a consolidation around 3320.
From the hourly chart, gold is completing the fifth wave in the wave trend; in the short term, gold is in a rebound trend, and has been maintaining this upward trend channel.
As long as it cannot fall below 3310 next, the gold rebound has not ended, and it may directly test the top around 3345. Because 3345 is exactly the bottom of the first wave, the rebound trend from 3293 is likely to be the fourth wave.
As long as the fourth wave rebound cannot strongly break through the bottom of the first wave at 3345, then the fifth wave will most likely show a downward trend.
Therefore, the current trading operation is basically simple;
Long strategy: long at 3315-3320, stop loss at 3305, and profit range at 3340-3350.
Short selling strategy: wait for the price to stabilize near 3345 and then enter the market to short sell.
Important tip: If the price falls from 3345, it is highly likely to go down directly to the low point of 3280-3250.
The decline is not complete, beware of the low point.Last Friday, the US dollar index rose and recovered the 99 mark as the non-farm data exceeded expectations and weakened the Fed's hope of cutting interest rates this year. Spot gold continued to fall after the release of non-farm data, breaking through the 3345 and 3330 levels.
Market analysis:
First look at the 4-hour chart of gold:
It broke through the 3300 mark in the early Asian session on Monday and is currently maintained near 3310. However, from the current point of view, the decline of gold has not been completed. From the trend point of view, gold must at least test the position near 3280 and 3250 before there will be a relative chance of rebound. Once it falls below 3250, gold may not have a chance to rebound, and it will officially enter a bearish trend, and it will be greeted by a bearish trend at the daily level.
From the hourly chart, if it cannot stabilize above 3310, then gold is likely to fall, and see whether it will break through 3280 or 3250. On the contrary, if it stabilizes above 3310, it may hit the early high near 3320 again. However, as long as it cannot stabilize above 3325, gold will still fall. Now you should pay attention to where to short gold.
Operation strategy:
If the price cannot stabilize above 3310, you can short near 3310.
If it stabilizes above 3310, you can wait for short near 3320.
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Gold Market Analysis:
Despite minimal deviation between Friday’s Non-Farm Payroll (NFP) release and prior figures, gold prices accelerated below the key support level of 3333 during the U.S. session after a period of bearish consolidation. Technical structure suggests further downside potential: the weekly opening gap at 3292 remains unfilled, serving as the first target for bearish continuation. A decisive break below this level could open space toward 3280–3272, with 3280 identified as a strong support zone.
Monday Focus: Prioritize rebound shorting, targeting initial support at 3304–3298.
Key Threshold: Long positions may be considered on failure to breach 3292, with a focus on gap closure dynamics.
Trading Strategy:
Sell@3350-3340
TP:3300-3280
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In the new week, is gold brewing a new market?Information summary:
This week, the market continued to be affected by Trump's tariff policy and the progress of negotiations. On Thursday, the phone call between the Chinese and US heads of state boosted market sentiment. In the early stage, the precious metals market ushered in a collective rise, and the prices of silver and gold performed strongly. Silver rose to a 13-year high on Thursday, breaking through $36 for the first time since February 2012.
After gold hit the $3,400 mark during trading on Thursday, the US dollar rose as friendly talks between China and the United States stimulated the rise of the US dollar; gold fell rapidly and gave up all the gains during the day. On Friday, the US stock market closed at its highest level since February due to the boost of non-agricultural data.
Gold continued its retreat trend again, closing at around 3,310 as of Friday.
Market analysis:
From the trend of the US dollar, there is already an opportunity to bottom out, and the trend at the beginning of the week is critical.
Once the US dollar stands above 99.5 at the beginning of the week, it will continue to touch the 100.0--100.2 mark.
If it stabilizes above this position, gold will most likely fall below 3300 next week.
First, from the weekly chart:
The current moving average support below the weekly line is almost at 3250-3260. If it can hold here, gold may continue to maintain consolidation and wait for an opportunity to choose a new trend. However, if it falls below 3250, it can fall to the 3200 mark. If 3200 falls below again, it will be the low point of 3100.
It can also be seen from the daily chart that the important position of gold is at 3318-3280. If it stands above 3318, gold is in a bullish upward trend. If it falls below 3280, gold will enter a bearish trend. At present, gold has closed below 3318, so from the daily line, the next target is around 3280. If 3280 falls below again, then as the weekly analysis shows, it will test 3250-3260. However, judging from the daily chart, I think the market will not go down too easily.
Therefore, I guess that gold may follow the head and shoulders top structure of the daily chart next week. It may fall to 3250-3260 at the beginning of the week to lure short sellers into the market, and then stretch and rebound to around 3350 to form a shoulder position. Finally, it will directly dive down to around 3150.
The Asian market is about to open, and I hope my analysis can help everyone make some profits in the market. A new week is about to begin, and I wish you all good luck.
Gold plunges, what will be the trend next week?From the daily chart:
Since the last round of breaking the triangle convergence oscillation and breaking the trend line, gold has surged to 3400, but the upward momentum is insufficient and it has retreated. The low point of the retreat on Friday happened to be the support level of the previous triangle convergence trend line near 3300. If it falls below, the price will return to the triangle convergence oscillation range, and the gold price may fall further;
From the perspective of gold 1 hour, the MA5-day and 10-day moving averages have formed a dead cross downward, so gold still has downward momentum. After the gold 1-hour high box oscillation, gold finally broke through the box downward, indicating that the gold shorts are better, so the bottom of the gold box has now formed resistance, and the gold short-term resistance to gold has been formed near 3335. If gold is 3335 at the beginning of next week, then gold can continue to be short.
Next week's operation strategy is still around the 3285-3335 range.
Before the non-agricultural data, gold is waiting for the trendToday, the market will focus on the US non-agricultural employment data. The market expects that 130,000 new jobs will be added and the unemployment rate will remain unchanged at 4.2%. If the non-agricultural data is far worse than expected, it may continue to hit the US dollar and stimulate a sharp rise in gold prices. On the contrary, if it is higher than expected, it may also cause the US dollar to rebound, and gold will continue to maintain the possibility of low consolidation.
Yesterday, the US stock market collapsed across the board due to the debate between Trump and Musk. Therefore, I am worried that Trump will continue to make remarks to boost the US stock market today. Once the US stock market rebounds again, gold may continue to fall, or remain at a low level for consolidation.
From the 4-hour chart, it can be seen that gold has been rising along the 4-hour trend line. However, from the current chart, gold has not yet stepped back. Therefore, it is not ruled out that gold will continue to step back to 3330-3340 and then choose a direction again. 3330-3340 is a critical position. Once it falls below 3330 again, it is very likely to directly touch 3300. On the contrary, if it stabilizes at 3330-3340 again, then gold will definitely stabilize above 3400 if it goes up again.
Secondly, from the perspective of the US dollar:
The bottom divergence structure appears here in the 4-hour chart. Therefore, once the divergence of the US dollar takes shape, it will also cause gold to return to a low level again.
Therefore, be careful when going long on gold today. The position where you can go long today is in the range of 3330-3340. Secondly, if gold falls below 3330 today, it will test around 3300, so another long position for gold is around 3300. On the contrary, if it falls below 3300, there will be no chance to go long on gold, and the subsequent decline may accelerate.
Non-agricultural data is coming. Disrupt the market?Market analysis:
The market once again staged a long-short trend yesterday. Due to the intensification of geopolitical risks, gold has been advancing all the way. Because of the easing of Sino-US trade relations, prices have fallen sharply. From the current market point of view, non-agricultural data is the key today. After a sharp drop in the early morning, it fluctuated sideways and maintained a small rebound.
According to the ADP data on Wednesday, there is a high probability that the data will be bullish today. The support in the early trading will focus on around 3345. Under the condition that the upward trend remains unchanged, the current market prompts a risk of retracement, but it will not prompt shorts to enter the market; before the non-agricultural data, it is still a low-multiple idea.
Non-agricultural data analysis:
Non-agricultural, recently affected by tariff conflicts, employment is very bad, especially Wednesday's ADP data, which is far below expectations, and this month's non-agricultural is expected to be 130,000. Although the expectation is lower than 177,000 last month, this number is still relatively high compared to ADP.
If the data released is higher than 177,000, it will be bearish for gold, but in terms of tariffs and ADP, this possibility is extremely small. The data is higher than 130,000 and lower than 177,000, which is also likely to be bearish for gold.
If it is lower than 130,000, gold may take this opportunity to rise sharply.
I think according to Wednesday's ADP, today's non-agricultural data is likely to be lower than 130,000, and the market will rise.
Positions to pay attention to today:
First support level: 3345, second support level: 3330, third support level: 3300
First resistance level: 3375, second resistance level: 3390, third resistance level: 3410
Operation strategy:
Aggressive trading-currently long at 3370, after the release of non-agricultural data, the gold price is likely to rise above 3400 points, which is also our profit range.
Steady trading-long at around 3350, the profit range is still at 3400 points after the release of non-agricultural data.
US-China Talk Drops Gold Short; Short StrategyToday, Trump announced that China and the U.S. participated in a telephone exchange 🔊! After the market learned this, optimistic sentiment surged rapidly, causing U.S. stock futures to rise sharply in the short term 📈. As a result, spot gold turned lower in the short term ↓. The current situation favors short positions:
Short at current price 📉: Initiate a small short position near 3350 👌, set a unified stop loss above 3360 ⚠️, and target key support levels at 3325-3320 🎯.
Add to shorts on rebound ↕️: If the price rebounds to the 3350-3360 range, increase the short position 📊, maintaining the same target 🎯.
Chase shorts on breakdown 💥: If the price breaks below 3320 support, chase the short trend with a stop loss at 3330 ⚠️, targeting the psychological level of 3300 🧠.
Risk reminder ⚠️: Monitor U.S. stock futures and follow-up developments in U.S.-China relations closely 👀, and be wary of volatility caused by a reversal in market sentiment 🚦. Keep position sizes within 10% ⚖️ and strictly adhere to stop losses ⛔.
Gold Trading Strategies
sell@3350-3355
tp:3325-3320
sell@3315-3320
tp:3305-3300
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Gold points to 3400, madness before data release.Market analysis:
Gold fell slightly to around 3361 in early trading on Wednesday. After falling to around 3346, it quickly rose to around 3372, then was blocked and fluctuated and fell. It fell to 3344 in the European session and then rebounded. It rose strongly to 3384 in the US session and fluctuated above 3370 in the late trading.
The daily line of gold showed a trend of alternating yin and yang. But the overall trend was upward. The 5-day moving average and the 10-day moving average formed a golden cross and extended upward, which provided moving average support for the gold price, allowing gold to maintain a strong and volatile trend. At present, the 5-day moving average is around 3352, and the 10-day moving average is around 3335. The first thing to pay attention to is the resistance of Tuesday's high of 3392. If the gold price can break through this resistance level, it is expected to continue the bullish trend.
In terms of points, first pay attention to the support near MA5/MAA10 below, and focus on the support of MA20 moving average. The downward exploration on Tuesday and Wednesday both defended the MA20 moving average position. Above this, it is treated as a strong shock. Secondly, pay attention to the support near 3335, which is the low point on Tuesday and the key to the short-term structure. Secondly, pay attention to the support near 3335, which is the low point on Tuesday and the key to the short-term structure. First pay attention to the resistance near 3395 above, and then pay attention to the resistance near 3415 and 3430, which are the previous high points.
Operation strategy:
Short near 3395, stop loss 3410, profit range 3380-3360
Long near 3360, stop loss 3350, profit range 3375-3380-3390-3400.
Gold fluctuates. It is expected to retreat.Gold continued its strong performance on Monday in the early trading yesterday and reached a high of around 3391 before starting to fall all the way. It was weak and downward in the European trading. The US trading quickly fell back to around 3335 and then rose again. However, it touched the 3372 line again in the morning and continued to fall, forming a large range of fluctuations.
Affected by the ADP data, although the positive impact is large, it is very likely to be just an illusion given to the market, not to achieve a strong effect. The key pressure position above is maintained at around 3360, which may play the role of a watershed between long and short positions, and the strong pressure above will also be maintained at 3365; the support position below is around 3340. Once this position is broken, the room for decline may be expanded in the later period.
Although the MA5-day and 10-day moving averages have the intention of forming a golden cross, they have not completely released the energy of the bulls, making the market more unpredictable for the bears. In the correction of the bulls' strong upward movement, there was no further effort. Perhaps this is one of the signs of bull exhaustion. The current channel position formed from 3391 also gives the bulls enough pressure. Only by breaking through this position again can a strong upward trend be achieved.
Operation strategy:
Short near 3360, stop loss 3370, profit range 3345-3330.
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GOLD H1 Chart Update For 4 June 25Good Morning Traders,
As you can see that market is in swing range since starting the week but right now main strong 3400 resistance remains intact, Once market clearly breaks 3400 then it will move towards 3420 or even 3440
Intraday swing trading range is 3440-3480
If market break 3325 level successfully then it will move towards 3310 or even 3290
Scalping range 3345-55 for buy side
Good Luck
Disclaimer: Forex is Risky