Analysis of the latest trend of gold market on 2.24:

17 hours ago

Analysis of gold news: On Monday, the international gold price continued to rise strongly driven by many uncertain factors, and once again set a new historical high. Although the minutes of the Federal Reserve's January meeting emphasized that the US economy is still facing inflationary pressure, the gold price has not been suppressed. Trump plans to impose a 25% tariff on imported cars and drugs, which will further increase the risk of trade friction and the market's risk aversion sentiment is high. On the whole, gold still has the potential to rise, but the short-term increase has been large, and investors need to be wary of the risk of large fluctuations at high levels. The market fundamentals were flat on Monday, and the US economic indicators had limited impact on the gold price. The market will continue to pay attention to tariff policies and geopolitical situations, and the interest rate decision in March is also approaching.

Analysis of gold technical aspects: After the gold price bottomed out during the day, it once again strongly broke through the 2930 line and stood firmly above this position. At present, the short-term moving average is arranged in a bullish pattern, which clearly shows that the bulls have a dominant advantage. The bulls maintain an upward trend of shocks, the Bollinger Bands open upward, and various indicators are running at high levels. From the perspective of short-term indicators, the gold price still has the momentum to rise.

However, it should be noted that the daily line has been oscillating in a high range for 4 consecutive trading days. This oscillating trend has both advantages and disadvantages for both long and short parties, and it is very likely to be a signal that the bulls have reached their peak. However, given that the gold price continued to rise after several pullbacks last week, there is also the possibility of a bull correction pattern. Therefore, it is recommended to start with the range shocks during the day, and once the market breaks through, it is necessary to leave the market in time. At present, the upper pressure level of gold is maintained at 2955, which can be regarded as the key suppression point of the short term; the lower support level is at 2920. Taken together, in terms of gold's short-term operation today, our professional and senior gold analyst team recommends to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus will be on the 2955-2960 first-line resistance, and the bottom short-term focus will be on the 2925-2920 first-line support.

2.24 Gold operation strategy reference:
Long order strategy:
Strategy 1: Go long (buy up) when gold pulls back to around 2920-2925, stop loss 2915, target around 2935-2945, break to see 2955 line;

3 hours ago

Trade active

The daily line closed with a continuous cross star K-line, and the space shrank further yesterday. It was horizontally consolidated around the high level, and it broke through the 2955 line slightly, but the continuous momentum was insufficient. The daily K-line body is small. Combined with the attached figure, the MACD indicator has signs of a dead cross at a high level. The market may cooperate with a wave of corrections after a high-rise and fall. It is still in the horizontal consolidation at a high level, and it is a step-by-step turnaround. Today, we still focus on the support of short-term MA5 and MA10. The short-term moving average MA5 has broken down, and the support of MA10 is at 2925. Another support is to focus on the support level near 2931, which is the low point of the rapid decline after the new high in the US market yesterday. First of all, pay attention to yesterday's high of 2956. If it breaks through successfully, it will further look at the resistance level near 2980. This point is the current resistance level of the rising channel formed by high and low points of gold since the end of June 2024.

At the 4-hour level, the market is still running between the upper and lower tracks of the Bollinger Bands. After yesterday's tug-of-war, it still closed at a high level. The space is shrinking and the K-line entity is small. It is at a high level and is slowly rising and forcing shorts. The future rise has limited space, and it is very easy to cooperate with the transformation and correction of the high-rise and fall. It fell again in 1 hour. Gold has been stagnant and falling at high levels many times, so the bullish momentum of gold will continue to be digested.

Gold operation suggestions: It is recommended to go short in batches between 2945-2950, stop loss 2956, and target 2932-2925;

Caesar_Gorman1

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