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Reading: The shock continues, and the retracement continues to go long for OANDA:XAUUSD by Allenbrowser-3
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Trading Strategies

The shock continues, and the retracement continues to go long for OANDA:XAUUSD by Allenbrowser-3

Last updated: July 8, 2025 1:45 pm
Published: 10 months ago
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📊 Gold Day Trading Strategy (Recommendation index ⭐️⭐️⭐️⭐️⭐️)

📰 News information:

1. The lasting impact of new tariffs

2. The impact of geopolitical conflicts

3. The Fed’s interest rate cut

📈 Technical Analysis:

From the hourly chart, gold has formed a head and shoulders bottom. At present, 3320 below has formed a certain support in the short term. For now, the daily line still cannot close below 3320. If the daily line closes below 3320, the decline may open further. On the contrary, the current upper suppression position of gold is near 3350. If the daily line stands above 3350 again, it will be a bull-dominated trend and may test 3380-3390 above. In the short term, pay attention to the support line of 3325-3315 below. If it retreats to the support level, you can consider going long. Look to the resistance range of 3340-3350 above, and pay special attention to the suppression line of 3365-3370. At the same time, if the European session is always suppressed below 3345 and sideways, there is no performance, so you should consider selling it, and there may be further retreat in the evening.

🎯 Trading Points:

BUY 3330-3325-3315

TP 3340-3350-3365

In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.

GOLD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD

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