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GOLD.F trade ideas

Gold Analysis and Trading Strategy for Monday✅ Daily Chart: The Bollinger Bands continue to expand, and spot gold is trading near the upper band, showing strong momentum. The MACD is running in a golden cross, and the RSI has rebounded from oversold territory, indicating that gold has clear demand for a bottom rebound. However, close attention should be paid to the 3450–3455 trendline resistance. If the price fails to break above this level effectively, it could limit further upside potential. ✅ 4-Hour Chart: The Bollinger Bands are opening upward, with gold trading just below the upper band. The MACD golden cross momentum is narrowing, and the RSI has retreated from overbought levels, suggesting that the upward trend is slowing and that short-term correction pressure may emerge. ✅ 1-Hour Chart: Gold is currently trading near the middle Bollinger Band. The MACD has formed a death cross, and the RSI has fallen back from overbought levels, indicating weakening upward momentum and highlighting the risk of a pullback after overbought conditions. 🔴 Resistance Level: 3450–3455 🟢 Support Level: 3415–3420 ✅ Trading Strategy Reference: 🔰 Long Strategy: The overall trend remains bullish, so the main approach is to buy on pullbacks. If gold retraces to the 3415–3420 support zone and holds, light long positions may be considered with targets at 3440–3450. 🔰 Short Strategy: If the price tests the 3450–3455 resistance zone multiple times without a valid breakout, and bearish signals such as divergence or a shooting star candlestick appear, light short positions can be considered. Stop-loss above 3460, with downside targets at 3430–3420. ✅ Conclusion: Gold is currently in a high-level consolidation phase after rebounding, with upward momentum showing signs of weakening. The key for Monday’s trading lies in whether the 3450–3455 resistance zone can be broken. The recommended approach is to buy on pullbacks as the primary strategy, and sell on rebounds as a secondary strategy, while strictly enforcing stop-loss measures to control risk.
OANDA:XAUUSD
by GoldTradingPros
Elliott Wave Analysis – XAUUSD (01/09/2025) Momentum • D1 timeframe: Momentum has been stuck in the overbought zone for the past 4 days, showing strong buying pressure. However, this also creates noise since extended overbought conditions can reverse at any time. • H4 timeframe: Momentum is about to turn down in the overbought zone. Once an H4 candle closes with confirmation, we can expect a correction lasting around 4–5 H4 candles. • H1 timeframe: Momentum is heading into the overbought zone. Within 1–2 more H1 candles, a short-term pullback is likely. ________________________________________ Wave Structure • D1 timeframe: Price has risen sharply and steeply, with momentum staying overbought for a long time. This suggests that wave 4 has likely completed, and the market is entering a long-term uptrend. The minimum target is 3684 (equal to the length of wave W). • H4 timeframe: Price is currently in red wave 3. We expect a correction into red wave 4, which aligns with H4 momentum preparing to turn down. • H1 timeframe: o Wave i (green) is labeled as a leading diagonal, even though wave ii (green) did not retrace as deeply as expected. o Price is now in an extended wave iii (green). o Within wave iii (green), a 5-wave structure 1-2-3-4-5 (red) is unfolding. Red wave 3 has already completed with its internal 5-wave (black). o The target for black wave 5 was achieved at the Fibonacci 0.618 projection of black waves 1–3 → confirming that red wave 3 has completed and price is now correcting into red wave 4. • Red wave 4 outlook: Likely to take shape as a zigzag, flat, or triangle. Two retracement zones are identified: 1. 3462 – 23.6% retracement of red wave 3. 2. 3447 – 38.2% retracement of red wave 3. Considering the guideline that wave 4 often returns to the territory of wave 4 of a smaller degree, and that H4 momentum needs more time to move into the oversold zone, we select 3447 as the primary target for a sell setup. ________________________________________ Trade Plan • Buy Zone: 3448 – 3446 • Stop Loss: 3438 • Take Profit: o TP1: 3485 o TP2: 3521
OANDA:XAUUSDLong
by WavePoint_FX
Gold Approaches All-Time High with Strong Bullish MomentumAnalysis: Gold (XAU/USD) is showing strong bullish momentum after breaking through the buy zone around the $3,450 level. Price action has respected the ascending channel and successfully pushed above key resistance levels. Currently, gold is trading at $3,473, with the next major target set at the all-time high (ATH) of $3,550, as highlighted on the chart. The breakout above the consolidation zone suggests continued buyer strength, supported by high trading volume. If the bullish momentum sustains, we can expect a new ATH around $3,550+, while a failure to hold above $3,450 may bring a short-term pullback toward $3,400 – $3,346 support levels. Overall, sentiment remains bullish, and gold looks ready to test higher highs if momentum continues. Would you like me to also create a trade plan (entry, stop loss, take profit levels) for this setup?
FX:XAUUSDLong
by Pipshunter27
Gold (XAUUSD) Testing Support Before Potential Move HigherAnalysis: The chart for Gold Spot (XAUUSD) on the 1-hour timeframe shows a strong uptrend within a rising channel, supported by higher lows. Support Level: Price is currently testing a key support around 3,404–3,405. This level also aligns with the trendline, making it an important zone to hold. Resistance Zone: The next major resistance lies between 3,430–3,445, where selling pressure could emerge. Trend Outlook: As long as the support level holds, the bullish momentum remains intact, with potential for price to continue higher toward the resistance zone. Risk Factor: A breakdown below the support and trendline could weaken the bullish structure and may trigger a pullback toward 3,390. 📈 Bias: Bullish above support, targeting resistance at 3,430–3,445. 📉 Invalidation: Bearish pressure may come into play if price closes below 3,390.
FX:XAUUSD
by Pipshunter27
Gold's Bullish Run Meets Resistance – Time to Fade the Rally?Gold (XAUUSD) surged strongly after Friday’s event-driven move, but the momentum now appears to be stalling. Price is consolidating in a defined range, and we’re watching a key resistance zone between 3475 – 3488, where fresh sellers may step in to challenge the bulls. 🔻 Short Trade Setup – Fading the Strength Entry: Sell at 3475 Add on Strength: 3485 Targets: See chart for marked zones Invalidation: Daily close above 3495 📉 Risk-Reward Outlook This setup presents a favorable risk-reward ratio, especially for short-term traders aiming to capitalize on a potential rejection at resistance. As always, keep your risk tight and position sizing disciplined. Gold has had its run — now the odds may favor the contrarian. Keep an eye on momentum and price action at the resistance zone. 👍 If this idea aligns with your view, give it a like and drop your thoughts in the comments — let’s exchange ideas and insights! 🔔 Follow us for more actionable trade setups. Happy Trading, – The InvestPro Team
OANDA:XAUUSDShort
by InvestPro_India
Gold preparing for correction under FED & geopolitic - Vincent🟡 Gold Plan 25/08 – Captain Vincent ⚓ 1. Market Context 🌍 Russia – Ukraine: Trump puts pressure on Putin to negotiate within 2 weeks. This looks positive for peace, but also carries escalation risks → Gold keeps its safe-haven role . FED – Powell at Jackson Hole: Hawkish tone reduced expectations of a September rate cut from 3 to 2. USD strengthened → short-term downside pressure on Gold . 👉 Mix of political support vs FED pressure → Sideways market, Gold may need a pullback to absorb liquidity before showing clear direction. 2. Technical Outlook ⚙️ H4 candle closed bearish → Buying momentum weakens , sellers may return. Recent FVG created after sharp bounce → Likely pullback for liquidity grab . Bias of the day: Prioritise Sell, but short Buy Scalp setups possible at support. 3. Key Levels – Captain Vincent’s Map 🪙 Resistance: Storm Breaker 🌊 (Sell Zone 3398 – 3400) 3376 (intermediate resistance – watch reaction) Support: Quick Boarding 🚤 (Buy Scalp 3340 – 3342) SL: 3333 TP: 3345 → 3349 → 3353 → 3357 → 33xx Golden Harbor 🏝️ (Buy Zone 3328 – 3326) SL: 3318 TP: 3332 → 3336 → 3339 → 33xx Higher Low – 3323 Anchor point of the trend → If broken, need to reassess all Buy setups. 4. Trade Scenarios 📌 🔻 Sell at Storm Breaker 🌊 Entry: 3398 – 3400 SL: 3408 TP: 3395 → 3390 → 3387 → 3384 → 33xx 🚤 Buy Scalp at Quick Boarding Entry: 3340 – 3342 SL: 3333 TP: 3345 → 3349 → 3353 → 3357 → 33xx 🏝️ Buy at Golden Harbor (3328 – 3326) SL: 3318 TP: 3332 → 3336 → 3339 → 33xx 5. Captain’s Note ⚓ "Today, the golden sea is full of undercurrents: FED winds blow against, politics push along. Those who pick Storm Breaker 🌊 may ride the wave safely; those who patiently wait at Golden Harbor 🏝️ will find peace. Quick Boarding 🚤 is for sailors seeking fast scalps in narrow waters."
OANDA:XAUUSD
by CaptainVincent
XAU/USDThis XAU/USD setup is a sell trade, highlighting a bearish short-term outlook on gold. The entry price is 3414, with a stop-loss at 3423 and an exit price at 3396. This trade seeks to capture an 18-point profit while risking 9 points, maintaining a balanced 1:2 risk-to-reward ratio. Selling at 3414 suggests the trader expects downward pressure, possibly triggered by strength in the U.S. dollar, rising bond yields, or profit-booking after recent gains. The exit at 3396 is strategically placed near a support area where buyers might re-enter, making it a logical profit-taking level. The stop-loss at 3423 limits potential losses if bullish momentum resumes, ensuring disciplined risk management. This setup is ideal for short-term traders looking to ride intraday weakness.
TVC:GOLDShort
by smohdyusuf66
4
Elliott Wave Analysis XAUUSD – August 28, 2025 Momentum • D1 timeframe: Momentum is still in a bearish reversal zone (overbought). Price is stalling but has not yet given a clear reversal confirmation → showing that bullish strength is weakening. • H4 timeframe: Momentum is also turning bearish → from now until the US session, price is likely to continue sideways or decline further. • H1 timeframe: Momentum is turning bullish → suggesting a short-term corrective rally or sideways movement. Wave Structure • D1 timeframe: At the moment, there are two possible wave counts (as mentioned in yesterday’s plan). Both scenarios point to the same outcome: after completing the correction, price will move higher. o Key note: The final corrective structure is a triangle. Once this triangle completes, it typically signals a strong upward breakout, confirming the end of the corrective phase. • H4 timeframe: Price is consolidating within a contracting triangle, leaving two possibilities: 1. Leading diagonal for wave 4 (abcde) → once completed, price could drop sharply towards the 0.618 Fibonacci retracement. 2. Ending triangle for wave d → a strong wave e decline is expected before the next rally begins. In this case, the signal to watch is price testing the lower boundary of the triangle. • H1 timeframe: A leading diagonal is forming, while RSI shows bearish divergence at the top. This supports the sell scenario. However, since H1 momentum is currently bullish, we expect one more push higher into resistance at 3403, which will provide a potential short opportunity. o Note: Today’s US Jobless Claims data could trigger a stop-hunt move upward before a strong sell-off. Ahead of the news, price may continue ranging between 3385 – 3387. Trading Plan • Since price has not dropped significantly yet, it is likely still within wave 5 of the triangle. The upper resistance at 3403 is an ideal sell zone. • A safer option: wait for price to break below the triangle’s lower boundary and close beneath it → then look for a breakout sell setup. • Target: 0.618 Fibonacci retracement at 3345. Trade Setup • Sell Zone: 3403 – 3405 • Stop Loss: 3413 • Take Profits: o TP1: 3374
OANDA:XAUUSDShort
by WavePoint_FX
A strong ~1:10 RnR XAUUSD/Gold trade idea.Gold has created a good price action which may lead to a very high RnR price movement. Here are signals identified for the trade. 1. It is breaking trend inline after and earlier fake out. Which is a strong signal for upside move. 2. Taking reversal at golden zone of 4H last swing. 3. Rejection candle at 1H. 4. Bullish diversanse is already observed in RSI 5. Taking support from bullish trend line. 6. 5m W pattern is created and breakout done. 7. Price is taking pull back to broken resistance. 8. It may 1:10 trade if everything goes as plan. 9. Price rejection should be observed at the pullback level before taking further upside movement. P.S.- This is jut an idea not trade recommendations.
OANDA:XAUUSDLong
by hari_log
XAUUSD: Maintaining Support, Gold Aims for New Highs!Based on the latest data and chart for XAUUSD, it can be seen that gold is in an uptrend after holding strong above the key support level at 3,373.70. The chart indicates that if gold maintains above this support zone, the next target will be 3,413.00, with the potential to continue rising higher if the current support area is not broken. Technical Analysis: XAUUSD is currently trading near the support zone at 3,373.70 and resistance at 3,413.00. If the price remains above 3,373.70, the uptrend will continue with the target at 3,413.00. The nearest support levels are 3,373.70 and 3,362.00. Fundamental Signals: Weaker economic data from the U.S., especially the higher-than-expected PCE index and lower-than-expected jobless claims, have increased expectations that the Fed will cut interest rates. This has put pressure on the USD and supported gold’s recovery.
OANDA:XAUUSDLong
by Rocky_trade_
Gold Awaits Fed Signals: Will 3,350 USD Determine the Next Move?Hi everyone, the gold market is currently at a very sensitive stage. Gold is trading around 3,345 USD, approaching the Fair Value Gap (FVG) between 3,340 – 3,350 USD, and it’s showing signs of consolidation within a narrow range. This phase is highly anticipatory of important news from the Fed and senior officials. So, where will gold head before and after these statements? Let’s break it down. Gold is currently facing strong resistance at 3,350 USD, a key level that could confirm the next direction. The chart shows that the FVG between 3,340 – 3,350 USD is a region where gold might test again. If it breaks above this level, the chances of continuing the uptrend are very high. On the other hand, if it fails to break 3,350 USD, gold could pull back to test the 3,320 USD support level. The current trading volume indicates that the bulls are gaining control. However, with significant news soon to be released from the Fed, statements from Jerome Powell and other FOMC members could be decisive factors, especially if there are further signals about potential rate cuts from the Fed. This would weaken the USD and fuel further upside for gold. Gold Trend Prediction: If gold breaks 3,350 USD, I expect it to continue rising, with the next target around 3,370 USD. However, if it fails to break this resistance level, gold might adjust back towards 3,320 USD or lower. Let’s continue to monitor the market and prepare for upcoming trading opportunities!
OANDA:XAUUSD
by EmmaChartist
XAUUSD SD + OTE Long Trade (Smart Money Logic)This is my recent LONG trade on OANDA:XAUUSD on the 15 min chart. When everyone was waiting to SHORT , I was waiting patiently in my LONG position. Entry : $3378 - Order Block + FVG + 0.5 Optimal Trade Entry level Exit : 1st Target - $3400 (Standard Deviation Target 1 + 3400 psychological level) 2nd Target - $3418 (Standard Deviation Target 2) NOTE: Smart Money DOES NOT HUNT stoplosses , they trigger their positions slightly below where they find maximum liquidity, because their positions are WAY TOO HUGE and need all the anti-orders (buy/sell stops) basically buy side or sell side liquidity so that they can fill in their orders. They are literally there to HELP YOU push the price up or down, you just need to place your stoplosses right! not too tight not too far off which may cause market structure shifts. SLs need to be absolutely perfect Trade Explanation : OANDA:XAUUSD should have used the 1D Bearish Order Block and we should have seen a fall or at least a decent enough retracement, but only 1 thing saved us, that is 15 min Bullish INDUCMENT and 1H BIAS . I never entered in a short trade! I hope everyone saw these liquidity pools at the bottom and waited for them to get swept, but yeah, not always will liquidity be hunted right? Pools are areas with the most number of orders + stops. So aren't they supposed to be a good thing? :) So, yes, DAILY bias is good, but again, LTF bias is also very necessary. Markets won't always respect the DAILY bias. Else, they would always be stuck in a sideways momentum right? Think about it! Also, do let me know in the comments what you feel about this trade and also share your analysis!
OANDA:XAUUSDLong
by Mukul_9
Gold Plan (28/08) – Ahead of 3,400: Breakout or Correction to ??XAU/USD – Gold hits Storm Breaker 3400: Accumulation before breaking ATH? 1. Market Wave 🌍 Throughout last week, Gold continuously formed BOS (Break of Structure) , confirming that buyers remain in control. Currently, price is consolidating around 3,394 – 3,400, right at the Storm Breaker 🌊 , the crucial barrier before heading towards the old ATH at 3,424. The key question: Will Gold accumulate here and smash through ATH, or will it need a pullback to safe harbors before a strong rally in September? 2. Technical Analysis ⚙️ Storm Breaker 🌊 (Strong Resistance): 3400 – 3424 (old ATH). The gateway Gold must conquer to open a new bullish leg. Golden Harbor 🏝️ (Key Support): 3375 – 3355 – 3330. Confluence with FVG + Fibonacci 0.5/0.618 , likely to attract liquidity if price corrects. Short-term scenario: Price may pull back to Golden Harbor before breaking higher. 3. Captain Vincent’s Map – Trade Scenarios 🪙 🔺 Quick Boarding 🚤 (BUY Scalp – Rebound Priority) Entry: 3353 – 3355 SL: 3349 TP: 3356 → 3359 → 3361 → 33xx 🔻 Storm Breaker 🌊 (SELL Reaction – Old ATH) Entry: 3422 – 3424 (if tested) SL: 3430 TP: 3419 → 3415 → 3410 → 3405 → 33xx 4. Captain’s Note ⚓ "The Gold ship is now pressing against Storm Breaker 🌊 3400 – 3424 . If it breaks through, the vast ocean opens a new trend. But if the waves push back, patiently wait at Golden Harbor 🏝️ to anchor and catch the September tide."
OANDA:XAUUSD
by CaptainVincent
High probability 1:7 Gold buy scenario.Gold is developing nice scenario for upside move. Currently it is under consolidation. We are expecting manipulation toward FVG (1 and 15m overlapping) and then upward movement after liquidity sweep. Below is detail 1. Price has created Break of Structure. 2. Displacement happened, which created FVGs in 5 and 15m overlapping. 3. FVGs are formed in Discount and OTE zone. 4. FVGs are overlapping BB on 5m. 5. HTF bias is also upside. All these combinations are signalling a high probability and high Risk and Reward (1:7) trade scenario. Note – if you liked this analysis, please boost the idea so that other can also get benefit of it. Also follow me for notification for incoming ideas. Also Feel free to comment if you have any input to share. Disclaimer – This analysis is just for education purpose not any trading suggestion. Please take the trade at your own risk and with the discussion with your financial advisor.
OANDA:XAUUSDLong
by hari_log
All-Time High Achieved: Can Gold Hold Above 3500?Gold has successfully tested the 3500 level, printing a fresh all-time high, and momentum remains strong. However, looking at the H4 chart, price action appears slightly stretched, hinting at the possibility of a short-term pullback. A retest toward the previous month’s high / previous week’s high zone (around 3450–3460) cannot be ruled out, and that level will be key to watch for a bullish bounce. As long as gold manages to hold above the 3400 daily close support, any retracement can be seen as a healthy dip-buying opportunity within the broader bullish trend. For now, 3500 stands as immediate resistance, while 3450 is short-term support, and 3400 remains a major level to defend. A sustained daily close above 3500 will open the door for further upside continuation and fresh breakout territory.
OANDA:XAUUSDLong
by TheGoldenCircle
Gold 27/08: Smart Money Targets 3405 or Sweeps 3355?Gold SMC Daily Plan – 27/08 Market Context (SMC View): Price is consolidating around 3378, holding the liquidity trendline with multiple BOS and ChoCH, indicating strong smart money activity. Key resistance: 3393–3406 (supply & liquidity pool). Key support: 3352–3358 (demand zone) with an Order Block (OB) near 3325. A possible liquidity sweep could happen above 3405 or below 3355 before confirming the next trend move. 📊 Key Liquidity Zones & Entries ✅ Sell Zone: 3402–3406 SL: 3410 TP: 3390 → 3380 → 3360 ✅ Buy Zone 1: 3352–3358 SL: 3345 TP: 3360 → 3375 → 3385 → 3395 ✅ Buy Zone 2 (intraday pullback): 3376–3380 SL: 3370 TP: 3385 → 3395 → 3405 SMC Scenarios for 27/08 Scenario 1 – Liquidity Grab at Resistance: If price sweeps 3402–3406, look for fake breakout signals. Short from this zone with the TP levels mentioned above. Scenario 2 – Buy on Dip (Demand Zone): If price retraces deeper to 3352–3358, wait for bullish confirmation to go long. If price respects the trend and holds 3376–3380, consider intraday buy opportunities. SMC Notes: Focus on buying dips unless a liquidity grab occurs first at 3402–3406. Keep an eye on price action near the trendline & OB at 3325 for potential high-probability reversal setups.
OANDA:XAUUSD
by Ryan_TitanTrader
Gold Faces Resistance at 3.380–3.385, Correction LikelyLooking at the H2 XAU/USD chart, gold is struggling around 3.380–3.385 USD, where the supply FVG aligns with the upper Kumo edge. Recent candles indicate sellers are dominating: short bodies, long wicks, and lack of volume suggest buyers lack momentum. With a series of lower highs and a flat Ichimoku cloud ahead, a pullback appears likely. Immediate support is near 3.355 USD, with a further decline possible toward 3.345 USD.
OANDA:XAUUSD
by EmmaChartist
XAU/USD 4H – Strong Breakout from ConsolidationGold has broken out above its descending resistance line and is now trading at $3,447, reaching fresh highs. The breakout also cleared the key resistance at $3,409, turning it into immediate support. 📈 Price is well above the 200 EMA ($3,357), confirming strong bullish momentum. 📊 Indicators: RSI (14): At 81, showing overbought conditions — momentum is strong, but a short-term pullback cannot be ruled out. ADX (14): At 34, indicating a strengthening trend. 🔺 Bullish Scenario: As long as Gold holds above $3,409, continuation towards $3,460 and beyond remains likely. 🔻 Bearish Scenario: A rejection at current highs could trigger a retest of $3,409 or even the EMA zone near $3,357. ⚡ Momentum favors the bulls, but caution is warranted with RSI in overbought territory.
OANDA:XAUUSD
by sooryakanthsuresh
August 28 Gold AnalysisAugust 28 Gold Analysis > Market expectations of rate cuts and political risks intertwined, sending gold prices volatile and rising, breaking through the $3,400 mark. Fundamental Analysis 1. Fed policy expectations dominate market sentiment Federal Reserve Chairman Powell's dovish stance at the Jackson Hole symposium continues to influence the market. He stated that "downside risks to employment are increasing" and that "a shift in the balance of risks may require adjustments to our policy stance," which the market interpreted as a strong signal that the Fed could cut interest rates as early as September. The market is pricing in over an 87% probability of a 25 basis point rate cut at the Fed's September meeting. This expectation of a rate cut provides short-term support for gold prices. However, New York Fed President Williams emphasized that "rate cuts are data-dependent," suggesting that the Fed may remain cautious if economic data does not support this. 2. Political risks exacerbate market uncertainty US President Trump's intervention in the Federal Reserve has reached historic levels. On August 25, Trump fired Federal Reserve Governor Lisa Cook, citing allegations of mortgage fraud. This marks the first time in the Federal Reserve's 111-year history that a president has removed a board member, raising serious concerns about its independence. Cook, through his lawyer, responded that Trump "has neither the legal basis nor the authority" to remove him from office and stated that he "will continue to fulfill his responsibilities to stabilize the U.S. economy." This incident not only reinforced market expectations for a rate cut but also attracted safe-haven buying, supporting gold prices. 3. Economic Data and US Dollar Trends The US dollar index is currently under pressure, retreating to a one-week low near 98.19. A weaker dollar makes dollar-denominated gold cheaper for holders of other currencies, indirectly supporting gold prices. III. Technical Analysis From a daily perspective, gold's rebound continues to rise, with strong short-term fluctuations. The moving average system shows a bullish alignment, and the overall trend remains volatile and strong. Gold prices remain at the upper limit of the recent oscillating triangle pattern. Whether it can effectively break through the downward trend line of 3414-3425 will be crucial. Gold's downward support could be at the 5-day moving average at $3385, marking the current intraday low and the recent breakout point for gold's rebound. Furthermore, focus on the middle Bollinger Band at $3362 and the 3360-3362 area, where the 10-day and 20-day moving averages converge. Upward resistance could be at $3410. Further gains could target the July high of $3440. Technical indicators show a golden cross between the 5-day moving average and the MACD, and between the KDJ and RSI. Short-term technical indicators suggest continued bullishness. IV. Trading Strategy Recommendations Based on the current market environment, we recommend a volatile trading strategy. Downward support could be at $3385 and $3362, while upward resistance could be at $3400. If gold prices stabilize in the 3380-3385 ​​area, consider a long position with a stop-loss below 3370 and a target of 3400-3405. If it breaks through, you can partially reduce your position, and focus your remaining positions on the 3414-3425 area. If gold prices break through 3414 and hold, consider buying with the trend, targeting 3425 or even higher. If gold prices unexpectedly break below the 3373 support level, it would signal a weakening of short-term bullish momentum and the market could enter a period of correction. For cautious investors, we recommend waiting and waiting for gold prices to effectively break through key resistance (3414-3425) or support (3360-3362) and then enter the market when the direction is clear. You can also monitor the market reaction to the release of US economic data tonight before making any decisions. Trade with caution and manage risk! Wish you good luck!
OANDA:XAUUSD
by Emily357538