📊Gold prices formed a temporary top at 3057 in the early trading. The daily line closed with a negative cross star (Spinning Top), indicating that the long and short forces are fighting fiercely in the key resistance area (3050). The MACD indicator showed a top divergence signal. The RSI (14) turned downward in the overbought area (70+). If the closing price today falls below the 5-day moving average (currently at 3028), it will confirm the short-term correction trend.
📊From the 4-hour chart, three consecutive K-line highs moved down (3057→3045→3037), forming a descending flag prototype. The Bollinger Band opening narrowed (bandwidth <1.2%), and the price ran below the middle track (3035). The KDJ indicator entered an oversold repair after the death cross.
📊The 1-hour chart forms a head and shoulders top pattern:
--Left shoulder: 3045 (the first high and fall in the US market)
--Head: 3057 (the second high in the Asian and European markets)
--Right shoulder: 3047 (overnight rebound confirms pressure)
--Neckline: 3022 (connecting the low points of June X/7)
--Volume verification: when the head is formed, the trading volume is enlarged, and the right shoulder rebound volume is attenuated by 30%
✅Key price level analysis
🔴Resistance area: 3037-3045 (4-hour chart MA20 + right shoulder structure)
🔴Strong resistance: 3050-3057 (previous high of the daily line + weekly Fibonacci 61.8%)
🟢Support area: 3022-3015 (head and shoulders neckline + hourly chart 200EMA)
🟢Strong support: 3005-2998 (Monthly line center position + psychological barrier)
✅Trading strategy suggestions
Core logic: Head and shoulders top pattern breakthrough game, follow the trend to participate in the neckline breakout market
🔰Short strategy
--Aggressive short order: light position short at current price 3034, stop loss 3043 (break through the right shoulder high point)
--Standard short order: rebound to 3037-3045 and build positions in batches, stop loss 3053, initial target 3022
--Add position conditions: After the hourly closing price falls below 3020, chase short to 3008 (1:2 profit and loss ratio)
🔰Bull defense strategy
--When it first touches 3005 (weekly MA30), you can lightly long, stop loss 2995, target 3020
--If the price breaks through 3057 and stands firm for 1 hour, the short position will be exited and the long position will be chased.
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
📊From the 4-hour chart, three consecutive K-line highs moved down (3057→3045→3037), forming a descending flag prototype. The Bollinger Band opening narrowed (bandwidth <1.2%), and the price ran below the middle track (3035). The KDJ indicator entered an oversold repair after the death cross.
📊The 1-hour chart forms a head and shoulders top pattern:
--Left shoulder: 3045 (the first high and fall in the US market)
--Head: 3057 (the second high in the Asian and European markets)
--Right shoulder: 3047 (overnight rebound confirms pressure)
--Neckline: 3022 (connecting the low points of June X/7)
--Volume verification: when the head is formed, the trading volume is enlarged, and the right shoulder rebound volume is attenuated by 30%
✅Key price level analysis
🔴Resistance area: 3037-3045 (4-hour chart MA20 + right shoulder structure)
🔴Strong resistance: 3050-3057 (previous high of the daily line + weekly Fibonacci 61.8%)
🟢Support area: 3022-3015 (head and shoulders neckline + hourly chart 200EMA)
🟢Strong support: 3005-2998 (Monthly line center position + psychological barrier)
✅Trading strategy suggestions
Core logic: Head and shoulders top pattern breakthrough game, follow the trend to participate in the neckline breakout market
🔰Short strategy
--Aggressive short order: light position short at current price 3034, stop loss 3043 (break through the right shoulder high point)
--Standard short order: rebound to 3037-3045 and build positions in batches, stop loss 3053, initial target 3022
--Add position conditions: After the hourly closing price falls below 3020, chase short to 3008 (1:2 profit and loss ratio)
🔰Bull defense strategy
--When it first touches 3005 (weekly MA30), you can lightly long, stop loss 2995, target 3020
--If the price breaks through 3057 and stands firm for 1 hour, the short position will be exited and the long position will be chased.
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
Trade active
✅Recently, the price of gold has continuously hit new historical highs, and market volatility has intensified, bringing unprecedented challenges to traders. This is the highest risk level I have experienced in my more than ten years of work. In such a market environment, reasonable position management and principal protection become particularly important.✅If you feel confused or anxious in trading and don’t know how to deal with the current market trend, please don’t hesitate to contact me directly. I will combine the latest market data to provide you with accurate trading analysis and robust strategies to help you seize opportunities in highly volatile markets and maintain stable profits in the long term.
✅In the gold market, risk control is always more important than returns. Let us work together to move towards a more robust trading path with professional analysis and rational decision-making!🤝
Trade closed: target reached
✅Today's gold trend is almost completely in line with our morning analysis, which once again confirms the power of professional analysis. In the past decade, we have always insisted on in-depth market research and accurately captured the key turning points of gold. Even in the current high-risk market, we can still make steady profits.✅The recent volatility of the gold market has increased, and uncertainty has increased, but this is exactly what we are good at. With rich market experience, accurate technical analysis and a rigorous risk control system, we have successfully led members to master the rhythm in the volatility, grasp the best entry time, and achieve sustained and stable profits.
✅The market never lacks opportunities, but what is lacking is the right method and firm execution. We are not only analysts, but also practitioners of trading. We take data as the basis and strategy as the core to make the best decision in every key market.
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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.