Latest gold trend analysis:
Upper resistance: 3035-3038 → look at 3045-3050 after breakthrough
Lower support: 3015-3018→ Strong support 3005-3010
Operation strategy:
Go long on callbacks at low levels (main idea)
Entry area: 3005-3010 (Stabilization signal: Hourly chart closing positive/KD golden cross)
Target: 3035-3045 (reduce positions in batches), if it breaks through, hold to 3050
Stop loss: below 3003 (to prevent false breaks)
Shorting on rebound (auxiliary strategy)
Timing of entry: 3036-3038 is under pressure (hourly chart stagflation/RSI overbought)
Target: 3020-3015 (short-term retracement)
Stop loss: above 3042
technical logic
4-hour level: After the moving average is repaired, the bulls are initially arranged, but 3035 is the key long-short watershed and needs to be broken through to confirm the continuation of the trend. 1 hour level: The bottom deviates from the support and rebounds, but if the US market does not rise above 3038 for the second time, it may form a short top and fall back. Daily shock tone: avoid chasing orders, and prioritize range trading (3005-3045).
Risk warning
If it falls below 3005, it may drop to 2990-2985 (daily support), and long orders need to strictly stop losses. If it breaks through 3045, short orders will be temporarily suspended, and long orders will be followed up after the retracement to 3030 (trend turns strong).
Summary: Gold is currently in a stage of strong volatility. It is recommended to focus on low and long positions, supplemented by high altitudes, strictly control risks, and pay attention to US market data and changes in market sentiment.
Trade active
Analysis of the latest trend of gold market:
Technical analysis of gold: After a wave of rise in the last trading day, the daily adjustment of gold closed with a slanted positive line with an upper shadow. Gold is currently temporarily maintaining a high-level shock in the daily trend. The daily short-term moving average begins to gradually diverge downward and tends to be slightly weaker in the short-term trend. The daily small Yangxing K-line of gold is consolidating at a high level. During the horizontal consolidation, it failed to fall below the 3000 mark to continue the further adjustment space. It did not continue to fall and rebounded again. The highest rebound in the US market touched the 3035 US dollar line. It fell again in the late trading and finally closed at the 3019 US dollar line. The daily line closed with an inverted hammer shape with a long upper shadow line. After such a pattern ended, gold fell back to do more today, and there is still room and demand for further rise. Today, gold focuses on the support below at the 3011 US dollar line. It falls back to do more above the support here. The high points of the 3026 US dollar line and the 3036 US dollar line can be seen above!
From the overall situation, gold is definitely rising in a bull market. It has been supported by the 3000 mark twice, indicating that buying is still strong. At present, the focus should be on whether the "W" bottom pattern of 3000 can be effectively established. If it successfully breaks through the 3035 watershed, it is expected to test the pressure near 3045 and the historical high of 3057. On the contrary, if the slight upward trend cannot be continued today, it will continue to maintain the 3030-3000 oscillation range. The 4-hour level currently forms a small double bottom support near 3000. Today, the intraday rise continues, and the K line re-stands above the short-term moving average. The short-term trend is strong. At present, the middle rail resistance has been broken. If it is stabilized again, the upper side will further see the pressure of the upper rail. The lower 3013 will become the short-term long-short watershed. Whether the market will step back to confirm the continued rise or return to the lower side to continue to oscillate, focus on the next closing situation. On the whole, the short-term focus on the upper side is the 3030-3035 resistance line, and the short-term focus on the lower side is the 3005-3000 support line.
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💥Free gold trading signals: t.me/+OJSbWQ6F4KM2Mzk1
🏆Strategy guidance
💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
🏆Strategy guidance
💰Analysis layout
🥇Market tracking
💹In-depth analysis, accurate prediction, grasp the pulse of the gold market, if you like my ideas, please follow and forward
Related publications
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.