Gold has now accelerated its decline, breaking below the lower Bollinger Band. Bearish momentum is unleashing with great force, and the price action is exhibiting an extremely weak, one-sided downtrend. The current downward slope is extremely steep, with bearish forces completely dominating the market. It is expected that, following a weak short-term rebound, the gold price will directly target the extremely critical psychological and technical round number level of 4300–4310. $Gold - main 2612(GCmain)$ A short-term downtrend has formed in gold, and blindly buying the dip is absolutely forbidden today. The strategy is to sell on rallies! The key resistance level is currently at 4342-4350! Optimal strategy for the Asian and Euro
Gold Retreats to $4,400 as Geopolitical Risks Clash with Cooling US Inflation
$Gold - main 2612(GCmain)$$XAU/USD(XAUUSD.FOREX)$Gold prices edged lower in Asian trading on Thursday, with XAU/USD retreating to around $4,400. Gold had previously maintained a strong performance at elevated levels, but new geopolitical risks are prompting the market to reassess energy prices and the inflation outlook, leading to some profit-taking by short-term investors. However, gold’s downside remains limited by shifting expectations regarding U.S. monetary policy; the fact that U.S. inflation data for July did not show a renewed acceleration has reduced pressure on the Federal Reserve to tighten policy further in September. The gold market currently faces
Hello everyone! Today i want to share some macro analysis with you! 1 $XAU/USD(XAUUSD.FOREX)$$Gold - main 2612(GCmain)$Gold prices (XAU/USD) attracted some dip-buying during Wednesday’s Asian trading session, temporarily halting the previous decline from the $4,435 level. That level marked a new high since June 5, and gold has now broken above $4,400 as investors await the latest U.S. inflation data to gauge the direction of the Federal Reserve’s future interest rate policy. The gold market has recently been influenced by a complex interplay of factors. On the one hand, signs of a cooling U.S. job market have heightened market expectations of potential future in
GOLD: Bullish Momentum for Gold Remains Extremely Strong
Hello everyone! Today i want to share some macro analysis with you! $XAU/USD(XAUUSD.FOREX)$$Gold - main 2612(GCmain)$ Technical Analysis: Bullish momentum for gold (XAUUSD) remains extremely strong, with the price hitting an intraday high of $4,433.94. Gold is currently firmly above all moving averages, and every pullback to the MA5 or MA10 has turned into a rapid buying opportunity for bulls! The price has evolved from a base near 4,000, through a steady rise after breaking above 4,200, to the current accelerated phase of the main uptrend following the break above 4,400. The overarching trend continues to adhere to the core principle of “buying on dips in the t
The most striking development in global financial markets last week was undoubtedly the strong rebound in gold prices. Following the shock of U.S. July nonfarm payroll data falling far short of expectations, spot gold prices surged last Friday to a seven-week high, not only recording their largest weekly gain so far this year but also triggering a marked shift in market expectations regarding the Federal Reserve’s policy path. At the same time, subtle changes in the geopolitical situation in the Middle East provided further support for gold prices. During early Asian trading on Monday (August 10), gold consolidated and pulled back, currently trading around $4,320. This week, the market will see a series of key data releases, among which the U.S. Consumer Price Index (CPI) due out on Wednes
GOLD: The Candlestick Chart Shows a Wide-range Consolidation at High Levels
Hello everyone! Today i want to share some macro analysis with you! 1 Technical Analysis: On the H1 chart for gold, the candlestick chart shows a wide-range consolidation at high levels! Price Structure (Range-Bound Trading): Judging from the overall trend recently (from late July to present), gold has been trading sideways within a clearly defined wide trading range. Upper Resistance Zone: Main resistance is found at 4100 – 4144 (near the plateau high shown in the chart). Support Zone: There is extremely strong buying support near 4000 – 4022 (where the price has bounced off the bottom multiple times). Since neither bullish nor bearish momentum has achieved a structural breakout today, the price is highly likely to continue consolidating and adjusting within the core range of 4030 – 4100,
GOLD: Maintain a Sell-biased Strategy In the Short Term!
$XAU/USD(XAUUSD.FOREX)$$Gold - main 2612(GCmain)$Technical Analysis: The price of gold has officially broken below the key pivot zone of 4086–4090. The current price stands at 4078, with the intraday decline widening further to -0.60%. This zone has now turned into resistance! The signal for a short-term breakout to the downside is very clear. With the 4,080 level under pressure, the only strong support remaining below is the support zone at 4,025–4,011 and the psychological barrier at 4,000. Today is the last trading day of the month. The decline in the Asian session is largely due to some institutional long positions liquidating this month’s profits ahead of s
Gold Staged a Reversal that Caught many Investors by Surprise
On Wednesday (July 29), gold staged a reversal that caught many investors by surprise. Before the Federal Reserve announced it would keep interest rates unchanged, gold prices came under pressure and weakened, even falling below the $4,000 mark during the session. However, once the Federal Reserve confirmed that it would keep the target range for the federal funds rate unchanged at 3.50% to 3.75%, spot gold surged rapidly, briefly reaching $4,116 per ounce—its highest level since July 23. By the close of trading that day, spot gold had risen 0.94% to settle at $4,066.13 per ounce. During early Asian trading on Thursday (July 30), gold prices continued their upward trend, briefly touching the $4,100 mark, with a gain of approximately 0.84%. What makes this trend particularly noteworthy is i
Fed Decision Looms: Gold Pressured by Strong Dollar and Rate Expectations
Currently, market attention is focused on the Federal Reserve’s upcoming monetary policy decision. The market widely expects the Fed to keep interest rates unchanged at this meeting, but investors are still closely watching the policy statement’s language regarding inflation, employment, and the future path of interest rates. Although U.S. President Trump has repeatedly called for lower interest rates, market trading data shows that investors remain cautious about the future direction of policy. $XAU/USD(XAUUSD.FOREX)$$Gold - main 2612(GCmain)$ There is currently significant divergence in the market regarding short-term interest rate adjustments, and the possibi
GOLD: The Market is Currently in a “High-range Consolidation"
Hello everyone! Today i want to share some macro analysis with you! 1 $Gold - main 2608(GCmain)$Gold: The market is currently in a “high-range consolidation and topping” phase following Monday’s gap-up opening. Although bulls hold the advantage in the short term, pressure for a local pullback has already begun to emerge. After the early morning open, bulls pushed prices up to 4116.15 but failed to hold above 4100, subsequently facing significant selling pressure from profit-taking. Currently, the H1 chart has closed with two consecutive bearish candles (with long upper shadows), indicating very strong resistance in the 4110–4116 range and a weakening of short-term bullish momentum. A dense cluster of short-term overlapping supp