Latest gold trend trading strategy on May 30:
Core driving factors
Trump tariff revocation: US court ruled that "Liberation Day tariffs" were overreaching, trade policy uncertainty decreased, market risk aversion cooled, and gold was under pressure.
Expectations of Fed rate cuts weakened: The Fed was cautious about rate cuts, the US dollar strengthened briefly, but weak economic data (such as employment and PMI) limited the dollar's gains, and gold bottomed out and rebounded.
Technical oversold rebound: Gold prices fell to 3245 support and then quickly rebounded. Short-term bullish momentum is strong, but we need to be wary of overbought callback risks.
Key points
Resistance:
3335-3340 (key pressure zone, breaking through will open upside space)
3350-3360 (previous high resistance, strong pressure level)
Support:
3305-3310 (short-term long-short boundary, long position if stable)
3280-3270 (strong support if callback, weak if broken)
Technical signal analysis
Bollinger channel: 1-hour level opens upward, price runs along the upper track, short-term strong, but overbought risk increases.
Moving average system:
Short-term moving averages are arranged in a bullish pattern, supporting gold prices.
If it pulls back to 3305-3310 (near the 20-day moving average), it can be regarded as a low-long opportunity.
RSI indicator: close to the 70 overbought area, if there is a top divergence, be alert to the callback.
Operation strategy
1. Long strategy (main idea)
Entry conditions:
Price falls back to 3305-3310 and stabilizes (combined with K-line patterns such as hammer lines).
Or break through 3340 and then step back to confirm (light position to chase long).
Target: 3335-3340 (first target), 3350-3360 (second target).
Stop loss: below 3295 (to prevent false breakthrough).
2. Short strategy (auxiliary idea)
Entry conditions:
Price touches 3340-3350 stagflation (such as long upper shadow, RSI overbought).
Target: 3320, 3305.
Stop loss: above 3355.
Breakthrough response:
If it breaks through 3350 strongly, stop loss for short orders and wait and see whether the trend reverses.
If it falls below 3270, long orders will leave the market and look down to 3245 support.
Summary
Short-term trend: oversold rebound continues, but facing strong pressure at 3340, be wary of highs and falls.
Operation priority:
Mainly long at low levels (3305-3310 support area).
Short selling at high levels is auxiliary (3340-3350 pressure zone).
Position management: single transaction ≤5%, stop loss is strictly enforced to avoid chasing up and selling down.
