XAUUSD(Gold)- Trend Analysis For Next Monday

Aug 24

Gold rose rapidly to around 2518 during the US trading session on Friday due to risk aversion, but the overall one-hour trend showed that although the rebound was strong, the gold price has not really turned to long. The most intuitive signal is that gold prices failed to effectively break through the 2520 line and the historical high of 2531, indicating that there is still strong resistance above. To form a complete downward trend, the gold price must first fall below the previous round of lows of 2470. This is not only a test of the continuity of short orders, but also a test of firm bearish beliefs.

From a technical perspective, gold prices encountered resistance at 2518 after rising on Friday. The operation strategy for next week is still based on this point and short selling based on this resistance. The short-term decline is only the beginning of this round of short selling. The medium-term target is 2480-2470, and it may even go further down. At this stage, patience is particularly important. Staying calm and rational is the key to the success of mid-line short sellers.

In summary, the short-term operation suggestion for gold next Monday is still to focus on rebound shorting, supplemented by callback longs. The upper side needs to focus on the resistance range of 2518-2520, and the lower side needs to focus on the support area of 2485-2470.

Aug 25

Trade active

The gold market experienced a dramatic market fluctuation this week, especially driven by the dovish remarks of the Federal Reserve Powell, which led to a sharp rise in gold prices. At the same time, the weakening of the US dollar and global market concerns about the US economic outlook provided strong support for gold.

Looking ahead to next week, gold investors will pay close attention to US inflation data, especially the core PCE price index. If the data is higher than expected, it may further push up gold prices; on the contrary, if the data is lower than expected, it may put downward pressure on gold prices. In addition, investors need to pay attention to the revised US GDP and durable goods orders data, which will provide the market with more clues about the state of the US economy. Against the backdrop of increasing uncertainty in the global economic outlook, the demand for gold as a safe-haven asset will remain strong. Next week's inflation data will be a key factor in determining the trend of gold prices, and investors need to pay close attention.

Aug 25

Trade active

Gold Trading Strategies Reference

🎯Strategy 1: Go Sell when gold rebounds to around 2518-2520, stop loss 6 points, target around 2510-2500, break the position and look at the 2490 line✅

🎯Strategy 2: Go Buy when gold pulls back to around 2483-2485 , stop loss 6 points, target around 2495-2505, and look at the 2515 line if the position is broken✅

✴️Strategy orders are divided into two positions at 1:2 or 1:3. The two positions shall not exceed 15% of the total position. A spare position shall be reserved. All positions shall not exceed 20% of the total position;

✴️Strategy orders change SL to the entry price when the profit is more than 3 US dollars. Unless otherwise notified, the original price shall not be re-entered;

✴️Strategy orders implement current price closing, unless there is a clear statement of pending orders or positions, the strategy is only valid for the day; overnight orders are prohibited;

⚠️The trend of the gold market is changing rapidly, and trading strategies may also be adjusted in real time. Investors are advised to place orders cautiously and manage account funds and positions reasonably.