đź“ŠRecently, gold has risen sharply for three consecutive days with a strong trend and once again set a new historical high. From the perspective of market sentiment, the so-called "fear of heights" is not a reason to hinder entry. History is a process of continuous breakthroughs. The key is not whether the price is at a high level, but the logic and trend direction behind it. The sharp fluctuations of gold often occur in a very short period of time. In just two days, the price of gold quickly reversed from the previous decline and completed a rise of nearly US$300, which put both long and short traders last week into a passive position, highlighting the importance of rhythm and timing in trading.
đź“ŠAt present, gold is in a high-level sideways shock stage, and the overall trend is still strong, maintaining a long structure. However, considering that the current price has greatly deviated from the moving average, there is a certain risk of callback in the short term. Therefore, it is recommended that you should not blindly chase long prices at high levels, and that prudent operations should focus on "going long on pullbacks" and wait patiently for the appropriate adjustment opportunities to avoid affecting your trading mentality during the shock.
đź“ŠFrom the technical perspective of the hourly chart, the short-term moving average of gold still maintains a golden cross upward bullish arrangement, indicating that the bullish momentum has not yet exhausted. However, since the price has obviously deviated from the moving average system, technically, it is necessary to adjust to repair the overbought state.
âś…There may be two ways to adjust:
🔶Space for time: If the gold price falls rapidly, the support line of 3185 below will be paid attention to, which may become the area for short-term buying intervention.
đź”·Time for space: If the gold price remains above 3200 and fluctuates in a narrow range, it means that the market is still in a strong consolidation pattern, and it is expected to rise again after the adjustment is completed.
âś…Key technical positions to focus on:
đź”´Upper resistance level: 3270-3280
🟢Lower support level: 3210-3200
đźź Strong support level: 3185
âś…Against the background of overall positive news, the medium-term gold line maintains a bullish judgment. The following are some suggestions for a stable trading strategy next week:
đź”°Gold BUY: When the gold price falls back to the 3200-3210 range, you can consider arranging long orders in batches,If it falls back to around 3185, you can continue to add long positions. with the target looking at the 3270-3300 lines.
đź”°Gold SELL: If the gold price rises to the resistance range of 3270-3280, but the upward momentum weakens and the volume is stagnant, you can consider short-term testing of short orders, but you need to strictly control the risk and set a stop loss.
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
đź“ŠAt present, gold is in a high-level sideways shock stage, and the overall trend is still strong, maintaining a long structure. However, considering that the current price has greatly deviated from the moving average, there is a certain risk of callback in the short term. Therefore, it is recommended that you should not blindly chase long prices at high levels, and that prudent operations should focus on "going long on pullbacks" and wait patiently for the appropriate adjustment opportunities to avoid affecting your trading mentality during the shock.
đź“ŠFrom the technical perspective of the hourly chart, the short-term moving average of gold still maintains a golden cross upward bullish arrangement, indicating that the bullish momentum has not yet exhausted. However, since the price has obviously deviated from the moving average system, technically, it is necessary to adjust to repair the overbought state.
âś…There may be two ways to adjust:
🔶Space for time: If the gold price falls rapidly, the support line of 3185 below will be paid attention to, which may become the area for short-term buying intervention.
đź”·Time for space: If the gold price remains above 3200 and fluctuates in a narrow range, it means that the market is still in a strong consolidation pattern, and it is expected to rise again after the adjustment is completed.
âś…Key technical positions to focus on:
đź”´Upper resistance level: 3270-3280
🟢Lower support level: 3210-3200
đźź Strong support level: 3185
âś…Against the background of overall positive news, the medium-term gold line maintains a bullish judgment. The following are some suggestions for a stable trading strategy next week:
đź”°Gold BUY: When the gold price falls back to the 3200-3210 range, you can consider arranging long orders in batches,If it falls back to around 3185, you can continue to add long positions. with the target looking at the 3270-3300 lines.
đź”°Gold SELL: If the gold price rises to the resistance range of 3270-3280, but the upward momentum weakens and the volume is stagnant, you can consider short-term testing of short orders, but you need to strictly control the risk and set a stop loss.
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
Trade active
[Trump announces exemption of reciprocal tariffs on some Chinese products]From the news, it is bearish for gold, so it is likely to fall after the opening on Monday. Next week, focus on the range fluctuations between 3185 and 3250. If the bulls continue to be strong, it may reach 3300.
âś…Real-time Guidance Service
âś…Reasonable Trading Plan
âś…2-4 Trading Signals Per Day
âś…Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
âś…Reasonable Trading Plan
âś…2-4 Trading Signals Per Day
âś…Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
âś…Real-time Guidance Service
âś…Reasonable Trading Plan
âś…2-4 Trading Signals Per Day
âś…Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
âś…Reasonable Trading Plan
âś…2-4 Trading Signals Per Day
âś…Accuracy Rate Above 95%
✉️VIP Channel : t.me/+BNoDscZgJRkzOWI1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.