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Xauusdtradingstrategy

Gold is weak, and there may be a low point yet to come!According to the current structure, gold is obviously in a weak position. Gold has failed to break through the high point of the previous wave after multiple rebounds during the day. 3400 has become a new round of pressure area; and gold has just accelerated its decline and fell below 3370. For the current trend, falling below 3370 will weaken the bullish sentiment to a certain extent and indicate that there is further room for decline, so I think gold should have a low point, and the low point we should first pay attention to is in the range of 3365-3355. So in terms of short-term trading, First, we can try to short gold with the short-term resistance area of 3395-3405; But if gold first retreats to the support area of 3365-3355, we can first choose to go long on gold.
OANDA:XAUUSDShort
by Steffen_Schade
Gold bulls may restart at any time, buy gold!Although compared with the performance of gold during the day, gold only touched 3452 and then began to retreat, and even failed to approach the previous high of 3500, gold is not strong; but based on the current fundamentals and technical structure, gold is currently in a very strong bullish structure; so I think the gold retracement is not a sign of gold weakness, but to increase liquidity, so that gold can rise better and prepare in advance for breaking through 3500! Gold bulls are ready to restart at any time after the retracement! So for short-term trading, I don’t think the gold retracement is a reason for weakness, nor is it a certificate for chasing short gold; on the contrary, I think the gold retracement is a good time to buy on dips; first of all, the support area we have to pay attention to is the 3410-3400 area, and the second must pay attention to the 3390-3380 area support. So in the next transaction, we might as well use these two support areas as defense and start to go long on gold in batches!
OANDA:XAUUSDLong
by Steffen_Schade
Gold will inevitably fall after risingGold has risen sharply due to the violent geopolitical conflicts and the surge in risk aversion. It once reached around 3445, but in the process of falling back, it only touched 3408 and rebounded again, stabilizing above 3400. It is obvious that due to the changes in fundamentals, the sentiment of gold bulls is high; although the upward momentum of gold near 3440 has weakened, there is no clear signal of peaking yet! For short-term trading, it is relatively difficult to participate at present. To be honest, I naturally don’t want to chase gold at a high level; but there are no more signals to support me to short gold for the time being. However, with the rebound of gold, the current short-term support below is in the 3425-3415 area, followed by the psychological support of the 3400 integer mark; and the short-term resistance above is in the 3455-3465 area, followed by the area near 3480. Compared with the profit and loss ratio, I prefer shorting gold for short-term trading, because gold has performed relatively strongly in the London market. Logically, gold will have the inertia to rise in the New York market, so I think gold may rise and then fall in the New York market, so my current plan is to try shorting gold starting in the 3455-3465 area. Because the changes in gold's fundamentals are more extreme and complex, you must set up SL when participating in transactions.
OANDA:XAUUSDShort
by Steffen_Schade
Stick to shorting gold and aim for the target area.Gold has not broken through 3400 after accelerating its rise, and the upper suppression effect still exists; currently gold is fluctuating in a narrow range below 3390, showing signs of stagflation to a certain extent. Therefore, the accelerated rise of gold is not for the short-term impact of 3400, but for a deep retracement, eliminating more scattered funds in the market by sweeping up and down. So in the short term, I think it is difficult for gold to continue to break upward under the suppression of the resistance area near the short-term high of 3402, but to test the lower support area of ​​3375-3365 before breaking upward. So I have shorted gold as scheduled according to the short trading plan mentioned above, and aimed at the lower target area of ​​3375-3365. At present, our short position has made a certain profit, but I still look forward to profiting from gold hitting TP! Let us look forward to gold falling back to the target area as expected!
OANDA:XAUUSDShort
by Steffen_Schade
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.
OANDA:XAUUSDShort
by Steffen_Schade
1
Another try on the gold short tradeTo be honest, it was beyond my expectation that gold could continue to rebound above 3340. According to my original expectation, the upper limit of gold's rebound in the short term was around 3336-3338. However, gold has already touched around 3342 during the rebound, but because gold failed to close above 3345, I still advocate shorting gold in batches in the 3335-3345 area. Recently, both the long and short sides of gold have not continued, and the overall market tends to be volatile. In the short term, as long as gold does not break through 3345, gold still has a chance to retrace, which also means that the rebound is an opportunity for us to short gold, but with the rebound of gold, we need to moderately reduce the expectation of gold retracement, so for short-term short gold, our primary retracement target is in the 3325-3320 area. So for short-term trading, I think we can still try to short gold again!
OANDA:XAUUSDShort
by Steffen_Schade
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.
OANDA:XAUUSDShort
by Steffen_Schade
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!
OANDA:XAUUSDShort
by Steffen_Schade
Short Gold，gold is expected to test 3300 or even 3280 againAlthough gold is currently above 3310, it does not mean that gold has stopped falling and stabilized. As long as gold remains below 3330-3340, gold is still in a weak state, so I think the decline of gold may not be over yet. Judging from the current trend, I think gold will have to retest 3300 at least again, or even around 3280 before it will have a chance to stop falling and rebound. So for the grasp of short-term trading opportunities, I think you can consider shorting gold with 3330-3340 as resistance.
OANDA:XAUUSDShort
by Steffen_Schade
I still have a short position.Although gold has risen sharply to above 3380 due to the intensification of the Russian-Ukrainian conflict, it has not made a substantial breakthrough, and has not stabilized above 3380. The bulls are not determined, which also shows that the technical suppression in the 3290-3295 area above is still strong. If gold does not break through in one fell swoop, gold is likely to usher in a wave of retracement in the short term. Due to the fundamental impact of tariff issues and geopolitical conflicts, for short-term trading, we should not have too high expectations for the extent of the retracement for the time being, but it is expected to retrace to the 3365-3355 area. In terms of short-term trading, I still hold a short position executed near 3375, and I hope that gold can fall back and hit TP as expected. Trading strategy: Consider shorting gold in the 3375-3385 ​​area, TP: 3365-3355
OANDA:XAUUSDShort
by Steffen_Schade
Continue to short goldTechnical aspect: Although the ADP data release is a big positive for gold, the trend of gold is quite different. It only rebounded to around 3362 and then gradually fell back, which to a certain extent strengthened the effectiveness of the short-term resistance area of ​​3365-3375. For the time being, technical indicators alone cannot support gold to continue to rebound. After consuming a certain degree of bullish momentum, gold will continue to retreat. And I think 3340 will be broken, and even continue to the 3330-3320 area. So in terms of short-term trading, I still prefer to short gold. Trading strategy: Consider shorting gold in the 3360-3370 area, TP: 3345-3335.
OANDA:XAUUSDShort
by Steffen_Schade
Continue to short gold after the reboundTechnical analysis: Gold rebounded after hitting 3333 overnight. So far, it has reached 3361. However, it can be clearly seen from the rebound process that the rebound is not strong, so I think the rebound space may not be too high. In the short term, it faces resistance in the 3365-3375 area. The strong resistance above the 3390-3400 area still exists, so it may be difficult for bulls to make a major breakthrough in the short term; and the support area below in the short term is in the 3340-3330 area, and the important support is in the area around 3320; Trading strategy: Consider shorting gold in the 3365-3375 area, TP: 3350-3340
OANDA:XAUUSDShort
by Steffen_Schade
Buy gold, TP: 3355-3365Technical aspect: Gold stopped falling and rebounded after touching 3333. The highest price has only rebounded to 3353. It seems that the bullish potential is weak and the rebound is weak. However, the gold candlestick chart closed with a long lower shadow after touching 3333, proving that there is a certain degree of buying support below; if gold can maintain above 3340-3330 in the short term, gold bulls still have the opportunity to rebound to 3355-3365; From the perspective of morphological structure, as long as gold remains above 3330, the gold bull structure has not been effectively destroyed, and bulls still have the opportunity to counterattack. It also proves that the buying support below is effective, and the bottoming and rebounding structure is established in the short term, so we can still consider continuing to go long on gold in short-term trading. Trading strategy: Consider the 3345-3335 area as support, and try to go long on gold in small batches;TP:3355-3365
OANDA:XAUUSDLong
by Steffen_Schade
Under pressure in the short term, short gold after rebound!In the short term, gold has risen sharply under the simultaneous stimulation of tariffs and geopolitical conflicts, but it has gradually fallen back after reaching around 3392, and has not broken through the 3400 mark in one fell swoop, indicating that the bullish momentum does not have the potential to continue to rise for the time being, so it may still need a certain degree of technical support, so gold has a need to retrace in the short term; In addition, if gold continues to retrace, then there may be a structural form at the technical level that offsets the short-term double bottom structure support, so gold may also form a double top structure in the short term. The first thing we need to pay attention to is the resistance near 3370, followed by the resistance near 3390; and below we must first pay attention to the support near 3345, followed by the 3330-3320 support area. Trading strategy: 1. Consider continuing to short gold in the 3370-3380 area, TP: 3355-3345; 2. If gold first retreats to the 3345-3335 area and does not fall below this area, consider going long on gold; TP: 3360-3370
OANDA:XAUUSDShort
by Steffen_Schade
Trading opportunities after gold accelerates its rallyTechnical analysis: Gold has risen sharply and has broken through the resistance areas near 3330 and 3355. In the short term, gold has formed an upward force and has a clear willingness to rise. At present, gold bulls still have the potential to continue to test the 3370-3380 area. As gold rises and breaks through, the 3340-3330 area below has become a strong support in the short term; if gold cannot fall below this support area during the retracement, gold may even continue to rise and try to hit the 3405-3415 area. Trading strategy: 1. Consider going long on gold after gold retreats to the 3340-3330 support area, TP: 3360-3370; 2. Consider going short on gold in small quantities after gold first touches the 3370-3380 area, TP: 3355-3345.
OANDA:XAUUSDLong
by Steffen_Schade
2
As gold's rally stalls, do bears have a chance?Technical aspect: Gold is currently fluctuating in a narrow range around 3310, and the short-term direction is not clear. However, the rebound potential is relatively weak, but for the London market, gold's willingness to retreat is not strong; however, from a technical perspective, the current gold structure is still biased towards bulls, and gold still has the potential to continue to rebound to the area around 3330, or even the area around 3350; However, after the rise of gold stagnates, we still cannot aggressively chase gold in trading, one is to prevent technical retracement after the sharp rise of gold; the other is to prevent the retracement of gold in order to grab liquidity after the rise of gold stagnates. In the short term, the support area we must pay attention to is in the 3285-3275 area, followed by the 3260-3250 area. If gold cannot break through the 3320-3330 area in the short term, gold may still continue to test the support area. Trading strategy: 1. If gold still cannot effectively break through the area around 3320 in the short term, you can consider trying to short gold in small quantities around 3310-3320; TP: 3280-3270, set up protection to prevent gold from continuing to rise to 3330 or even 3350; 2. Consider going long on gold when gold retreats to the 3285-3280 area, set up protection to prevent gold from continuing to retreat to the 3260 area.
OANDA:XAUUSDLong
by Steffen_Schade
Continue to try to short goldTechnical aspects: Gold has risen sharply in the short term and has broken through the short-term resistance area of ​​3250-3260. The structure of the pattern has been biased towards the bullish pattern, and the successful construction of the triple bottom pattern has strengthened the effectiveness of the structural support below. With the rise of the structural low point, the short-term support area below will first focus on the 3260-3250 area, followed by the 3230-3220 area; in addition, after a sharp rise in the short term, gold is facing the 3290-3300 short-term resistance area and the 3215-3225 short-term resistance area above. So I think that in order to grab liquidity, gold may have a need to retreat to the 3260-3250 area in the short term, so we might as well try to short gold in small quantities. Trading strategy: Consider continuing to try to short gold in small quantities at 3280-3290, TP: 3260-3250
OANDA:XAUUSDShort
by Steffen_Schade
Gold rebound height is limited, short goldTechnical aspects: Gold has failed to make a major breakthrough in the recent rebound process, and the rebound height has been limited to a smaller and smaller level. Overall, gold is now in a state of shock and short position; as the center of gravity of gold shifts downward, the current short-term resistance is in the 3220-3230 area; and gold has tested downward many times recently, which makes it easier for gold to fall below 3200. Once gold falls below 3200 again, it is very likely to extend to 3190, or even around 3160. Trading strategy: Consider starting to short gold in batches in the 3220-3230 area, TP: 3205-3195
OANDA:XAUUSDShort
by Steffen_Schade
Gold still has the potential to rebound, continue to buy goldTechnical aspect: Gold has just retreated to around 3217 and then rebounded again. It has now rebounded to around 3235. Although the rebound strength is a little weak, it has even hovered around 3235 for a long time. But structurally, gold did not destroy the rising structure during the decline, and the strength of structural support was strengthened after the effective retracement support. After being recognized and accepted by the market, gold will continue to rise with structural support. Once gold breaks through the short-term resistance area of ​​3250-3260, it will continue to rise to 3280-3290, or even around 3320. Trading strategy: Before the short-term rising structure is destroyed, we can still continue to try to go long on gold in the 3325-3315 area, TP: 3240-3250
OANDA:XAUUSDLong
by Steffen_Schade
Buy gold, it is expected to hit 3280-3290Fundamentals: 1. Focus on the speeches of Fed officials; 2. Pay attention to Trump's calls with Putin, Zelensky and others; Technical aspects: Gold continued its rebound momentum today, but failed to break through the short-term resistance area of ​​3250-3260 many times. However, after multiple tests, it will become easier to break through this area. According to the current structure, gold rebounded from around 3120, and then built a secondary low point structure around 3154. Today, during the Asian session, it built a structural retracement area around 3206 again. As the low point is continuously raised, an obvious bullish structure is formed in the short term. For short-term trading, we can start to try to go long on gold based on the structural form; if gold successfully breaks through the 3250-3260 area, gold will continue to the 3280-3290 area, or even the area around 3320. Trading strategy: Consider going long on gold after gold retreats to the 3225-3215 area, TP: 3250-3260
OANDA:XAUUSDLong
by Steffen_Schade
Is there still a chance for short sellers to make a profit?At present, gold continues to rebound to around 3230, and the intraday rebound has reached $100. Today, both short trades have touched SL, giving back most of the profits of the long positions in the morning. So are there still opportunities for shorts to make profits? I think there are still considerable profit opportunities for shorts. Although gold has rebounded strongly to around 3230, it will soon face the short-term resistance area of ​​3240-3245, which happens to be the 38.2% split area when it retreats from 3435 to 3120, so this area has a certain suppression effect on gold in the short term! Then there is the suppression effect of the area around 3260; so I think there are still considerable profit opportunities for gold shorts. As gold rebounds, the short-term support below is raised to 3200-3190, followed by 3175-3165. Trading strategy: Consider trying to short gold in the 3235-3245 area, TP: 3200-3190
OANDA:XAUUSDShort
by Steffen_Schade
3
Continue to short goldTechnical aspect: Gold rebounded gradually after hitting 3120, and has now rebounded to around 3200. Where will gold rebound? Is there still a chance to continue to short gold? In fact, from the current structure, gold has not shown a clear bottoming signal, so this wave of rebound can only be regarded as a technical repair after the decline; however, the rebound from 3120 to around 3200 is not small, which will significantly increase the probability of 3120 as a short-term bottom; so where will gold rise? I think gold is currently under resistance in the 3200-3210 area, and it may be difficult to break through this resistance area in a short period of time. When facing this resistance area, gold may fall under pressure and test the 3165-6155 area again; If gold really needs to form a reversal structure, it is necessary for gold to retest the 3165-3155 area support again and form a "W" double bottom structure with the 3120 low; only in this way can a complete reversal structure be formed. Trading strategy: Consider continuing to short gold in the 3195-3205 area, TP: 3165-3155
OANDA:XAUUSDShort
by Steffen_Schade
Continue to short gold after the reboundFundamentals: 1. Focus on Powell's speech at the Thomas Laubach Research Conference; 2. Pay attention to the situation of the Russia-Ukraine negotiations; Technical aspects: Gold has successively broken through the important support area of ​​3200 and 3160, and continued to around 3120; the short-term bearish trend is very obvious; although gold has rebounded to around 3170 again in the short term, I think the reason is one of the technical rebound repair after the decline; the second is the result of profit-taking of some short positions. So I fully believe that gold has the need to fall again after the rebound; At present, we need to focus on the resistance of the 3175-3180 area, followed by the resistance of the 3195-3200 area; if gold cannot break through this resistance area during the rebound, gold is expected to fall again and continue to the area around 3100. Trading strategy: Consider the opportunity to short gold after gold rebounds to the 3275-3285 area; TP: 3150 TVC:DXY FOREXCOM:XAUUSD OANDA:XAUUSD CAPITALCOM:GOLD
OANDA:XAUUSDShort
by Steffen_Schade