At the end of gold shock convergence, 3310 defensive long orders are still the main theme!
Gold, what are you waiting for?
After three consecutive months of triangle convergence shock, the market is getting narrower and narrower, and the bulls and bears are tug-of-war. The market patience is being exhausted! But the more this time, the more calm you should be-the big market often breaks out after extreme depression!
[Current pattern: triangle convergence, waiting for a break]
Big cycle: 3420-3310 range shock, the lower track support gradually moves up, 3310 has become the last line of defense for bulls! As long as it is not broken here, any decline is a trap, and getting close is a low-long opportunity!
Key resistance: 3374 is still the watershed between longs and bears. Only by breaking through here can we open up the space to impact 3400-3420, otherwise continue to shock and wash the market!
👉 Core idea: 3310 is not broken, low-long is the main; 3374 is not broken, high-throw is the auxiliary!
[Short-term rhythm: weak Asian and European markets ≠ weak US markets, beware of bottoming out and rising]
Yesterday's US market staged a "fake fall" and then pulled back strongly, indicating that the buying in the 3310-3320 area is strong! But if the Asian and European markets continue to fluctuate weakly today, don't rush to chase the shorts-the US market is likely to rise again!
Key support: 3310-3320 (touch and buy in batches, defend 3300)
Short-term resistance: 3345-3350 (middle rail pressure), 3355-3360 (channel upper rail)
Ultimate suppression: 3374 (break through and turn strong, otherwise continue to sell high)
⚠️ Note:
If the Asian and European markets fall but do not break 3320, the US market may directly rise!
If it quickly drops to 3310 and then quickly recovers, the "golden needle bottoming" signal appears, close your eyes and buy more!
【Today's operation strategy: defensive low long, key position high short】
Steady long order: enter the market in batches in the 3310-3320 area, target 3335-3350, break to see 3370, strictly stop loss below 3300!
Aggressive short: 3366-3370 light position short, target below 3350, stop loss 3378 (only when under obvious pressure)
🔥 The breakthrough at the end of the shock is often very violent, be sure to bring a stop loss to prevent false breakthroughs!
The US market is the main battlefield, don't be fooled by the shock of the Asian and European markets, and wait patiently for the key position to take action!
【Finally concluded: Gold is accumulating strength, only the last fight is left! 】
If 3310 is not broken, the bottom-picking long order will be held firmly; if 3374 breaks through, increase the position to see 3400! The market is waiting for a fuse - either the Fed will release dovish, or Trump's tariffs will trigger risk aversion! Before that, sell high and buy low, and respond flexibly, but remember - the general direction, the bulls have not lost yet!
Gold, it's time to choose a direction, are you ready? 🚀
Gold, what are you waiting for?
After three consecutive months of triangle convergence shock, the market is getting narrower and narrower, and the bulls and bears are tug-of-war. The market patience is being exhausted! But the more this time, the more calm you should be-the big market often breaks out after extreme depression!
[Current pattern: triangle convergence, waiting for a break]
Big cycle: 3420-3310 range shock, the lower track support gradually moves up, 3310 has become the last line of defense for bulls! As long as it is not broken here, any decline is a trap, and getting close is a low-long opportunity!
Key resistance: 3374 is still the watershed between longs and bears. Only by breaking through here can we open up the space to impact 3400-3420, otherwise continue to shock and wash the market!
👉 Core idea: 3310 is not broken, low-long is the main; 3374 is not broken, high-throw is the auxiliary!
[Short-term rhythm: weak Asian and European markets ≠ weak US markets, beware of bottoming out and rising]
Yesterday's US market staged a "fake fall" and then pulled back strongly, indicating that the buying in the 3310-3320 area is strong! But if the Asian and European markets continue to fluctuate weakly today, don't rush to chase the shorts-the US market is likely to rise again!
Key support: 3310-3320 (touch and buy in batches, defend 3300)
Short-term resistance: 3345-3350 (middle rail pressure), 3355-3360 (channel upper rail)
Ultimate suppression: 3374 (break through and turn strong, otherwise continue to sell high)
⚠️ Note:
If the Asian and European markets fall but do not break 3320, the US market may directly rise!
If it quickly drops to 3310 and then quickly recovers, the "golden needle bottoming" signal appears, close your eyes and buy more!
【Today's operation strategy: defensive low long, key position high short】
Steady long order: enter the market in batches in the 3310-3320 area, target 3335-3350, break to see 3370, strictly stop loss below 3300!
Aggressive short: 3366-3370 light position short, target below 3350, stop loss 3378 (only when under obvious pressure)
🔥 The breakthrough at the end of the shock is often very violent, be sure to bring a stop loss to prevent false breakthroughs!
The US market is the main battlefield, don't be fooled by the shock of the Asian and European markets, and wait patiently for the key position to take action!
【Finally concluded: Gold is accumulating strength, only the last fight is left! 】
If 3310 is not broken, the bottom-picking long order will be held firmly; if 3374 breaks through, increase the position to see 3400! The market is waiting for a fuse - either the Fed will release dovish, or Trump's tariffs will trigger risk aversion! Before that, sell high and buy low, and respond flexibly, but remember - the general direction, the bulls have not lost yet!
Gold, it's time to choose a direction, are you ready? 🚀
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.
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.