Gold trading insights: 04-APRIL-2025Gold trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
Xauusdlong
4/4 Gold Trading StrategiesAfter yesterday’s sharp drop, gold quickly rebounded, and by the end of the session, prices had returned close to the opening level. I’m not sure if anyone is currently stuck in unfavorable positions. Under normal circumstances, if your account has sufficient margin and risk tolerance, such volatility shouldn’t cause major damage. However, for those with weak positions or who bought at the top or sold at the bottom, losses may have occurred—especially common among newer traders who are often influenced by emotions.
If you are currently holding short positions and hoping to wait for a price pullback, you'll need both time and sufficient margin. Based on current candlestick patterns, gold may attempt to test the 3128–3136 resistance zone again. Whether it moves higher will depend on the strength of the bulls.
Importantly, there are several key U.S. economic data releases during the New York session today. Based on preliminary expectations, the data appears to favor the bears, which could put additional pressure on gold prices.
📉 Today’s Trading Strategy:
Sell within the 3133–3152 zone
Buy within the 3065–3032 zone
📊 Scalping/Short-Term Trades:
Be flexible in the 3128–3088 range
Structural analysis and operation suggestions after gold washAnalysis of gold market trend: Gold fluctuated quite a lot yesterday. It rose at the opening yesterday, rising to nearly 60 US dollars, and then fell back after being blocked at the 3167 line. However, it fell below 3100, and the lowest to the top and bottom conversion was around 3054, a drop of nearly 114 US dollars. Beyond expectations, it pulled back to 80 US dollars, and the daily line finally closed with a cross Yin line. The rapid roller coaster is too scary. The market volatility is too large, so you can only watch more and do less. If you encounter non-agricultural data, according to yesterday's trend, the market may not be so big today. After all, it has already ended yesterday. When the price fell sharply, and then there was a sharp rebound to stand firm at 3100, the market of gold yesterday was thrilling, a super roller coaster, and the difficulty of gold operation has increased a lot. However, this kind of market is rare after all. After the ups and downs of gold, it will return to normal. Although today's non-agricultural data, I personally tend to fluctuate in a large range. It is estimated that it will not break yesterday's high point or yesterday's low point. If combined with silver, gold is still oscillating and bearish. At present, it should peak in the short term, and it will choose a direction after a correction.
Gold technical analysis: Therefore, gold is not as strong as before, so it is possible for gold to rise or fall in this state. Pay attention to the previous high of 3150 on the upside, and pay attention to the gains and losses of 3055 on the downside. The 4-hour cycle has cleverly entered the oscillation range. Although the market has gone out of the big drop space, the 4-hour cycle Bollinger has not opened, and the moving average system has not diverged. The effective range for the time being is within 3085/3135. Therefore, if there is no large fluctuation on Friday, you can refer to the range of the 4-hour cycle to do high-altitude and low-multiple transactions. The 1-hour moving average of gold still shows signs of turning downward, but the rise of gold in the US market has not allowed the 1-hour moving average of gold to enter the dead cross pattern, but the gold bulls are not very strong. Of course, there is also the impact of non-agricultural data. It is expected that after the big rise and fall on Thursday, the impact of Friday's data will not be great. Before the release of non-agricultural data, we should operate in the range of 3120-3066. On the whole, the short-term operation strategy of gold today is to short on rebound and long on pullback. The short-term focus on the upper side is 3120-3125 resistance, and the short-term focus on the lower side is 3054-3066 support. Friends must keep up with the rhythm. We must control the position and stop loss, set stop loss strictly, and do not resist single operation. The specific points are mainly based on real-time intraday. Welcome to experience, exchange real-time market conditions, and follow real-time orders.
Gold operation strategy: Short order strategy: Strategy 1: Short gold rebound near 3120-3125, stop loss 6 points, target near 3100-3085, break to see 3065 line;
Long order strategy: Strategy 2: Long gold pullback near 3070-3065, stop loss 6 points, target near 3100-3090, break to see 3110 line;
The last chance for bulls to fight back after the gold crash!After gold rose rapidly, it ushered in a rapid decline. At present, the key support below has moved down to the 3057 line. This is the previous top-bottom conversion level, and it is also the support near the daily 10 moving average. If it does not break here, gold is still in a long correction. After consolidation, it will stand on the 5-day moving average. The line will rise again and hit the previous high. If the level is broken, it will enter the mid-term adjustment. The current lowest market price has touched the first line of 3062, which is closer to the previous high of 3157. We must dare to test near the key support level. Gold is near 3057, and the target is 3100-3105;
Strategy: It is recommended to buy around 3057, stop loss at 3050, target at 3100-05-20;
Analysis of the latest trend of gold surge and plungeAfter a sharp rise, gold fell sharply again, reaching a high of over 3167 and a low of around 3054, with a fluctuation of more than 110 US dollars. Judging from the current trend of gold, there is a high probability of a short-term volatile decline, but the overall trend is still bullish, and the market outlook is still mainly low-long; the upper pressures are 3134, 3145 and 3153, and the near pressure is around 3119. The lower supports are 3085, 3079 and 3060, and the near support is 3096.
Suggestion: Wait for it to fall back to around 3080 or slightly below, stop loss at 3070, short-term target around 3130, target around 3140 or higher,
Gold platform diving has peaked in the short term!Gold is now covered by dark clouds at its daily high level, and a rebound will give shorts an opportunity. The 1-hour moving average of gold has begun to turn downward, and the bulls have suffered a heavy blow. After the rebound is repaired, the only way to go short is to continue. The support below the range of gold 1 hour ago was 3135. Now the US market rebounded and was under pressure for the second time, so the short-term support of gold at 3135 has formed an effective suppression. The US market rebounded at 3135 and continued to go short under pressure.
Today's short-term gold operation ideas suggest that rebounding is the main focus, and callbacks are supplemented by longs. The upper short-term focus is on the 3135-3138 first-line resistance, and the lower short-term focus is on the 3054-3066 first-line support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3133-3135, stop loss 6 points, target around 3105-3085, and look at 3065 if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3065-3068, stop loss 6 points, target around 3090-3100, and look at 3110 if it breaks;
XAUUSD Today's analysisOn Thursday (April 3rd), as Asian markets opened for trading, Trump’s bombshell announcement of a slew of tariff measures sent shockwaves through the market. In an instant, a wave of risk - aversion swept across, propelling the spot gold price to a staggering $3,167.60 per ounce. This not only marked a new all - time high but also set a new benchmark in the gold market’s history.
However, the market’s exuberance was short - lived. Fearing potential uncertainties in the aftermath of these policy changes, a significant number of profit - oriented investors decided to cash in on their gains. Their aggressive selling pressure caused the gold price to reverse course sharply. Before long, the price turned negative for the day, slumping to a low of $3,054.19 per ounce.
As the trading day wore on, investors adopted a wait - and - see approach. The growing consensus was that US tariff policies would likely throw the global economy into disarray. In such a climate of uncertainty, gold’s traditional role as a safe - haven asset reasserted itself. Buoyed by this renewed interest, bargain - hunting buyers flocked back into the market, driving the price back up to $3,125 per ounce.
Macroeconomic data and geopolitical dynamics will continue to influence the direction of the gold market. Key data such as the unemployment rate and non-farm payroll employment figures that the US Department of Labor is about to release are highly likely to affect the Federal Reserve's monetary policy stance, which in turn will impact the gold market. If the data indicates a weakening of the US job market, the Federal Reserve may consider easing its monetary policy. This will undermine the US dollar and enhance the attractiveness of gold to investors.
At the same time, there are still uncertainties in the global trade situation. Countermeasures taken by other countries against the US tariff policies may further intensify trade frictions and increase the uncertainty of the global economy. In such an environment, as a safe-haven asset, gold is expected to attract more capital inflows.
From the perspective of technical analysis and the price trend of gold, the price level of $3,100 per ounce has become an important support and resistance level. If the gold price can firmly stay above this level, it may attract more bulls to enter the market, driving the price towards higher targets. Conversely, if the price breaks below this level, the bears may take the initiative, triggering a new round of selling. In addition, the performance of gold mining stocks is also worthy of attention. They not only reflect the short-term fluctuations in the gold market but are also affected by the operational conditions of mining companies themselves and the impact of geopolitics on mining production, forming a linkage effect with the gold price.
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Data will be Bearish for GOLDAffected by tariffs and inflation news, gold fluctuated sharply before the market closed. The market was in a situation of double kills for both long and short positions, and the sentiment was still fermenting. At present, the bulls also took this opportunity to successfully break through the resistance, and the price returned to above 3140 again. From the perspective of the pattern, there is still room for growth in the short term.
Before the US market, you can look for trading opportunities in the 3158-3123 range. The unemployment benefit data will be released during the US market, and the data is expected to be bearish for gold. Therefore, within 30 minutes before the data is released, if you hold a long order, please be cautious. At that time, I will also send you the latest trading plan based on the market situation.
If you are currently in trouble and need help, you can leave me a message.
The battle for the 3200 mark is imminentThe United States has officially launched a tax increase policy on major global trading partners. The wide range of goods involved and the high tax increase are rare in history. The essence of the tax increase is to require countries to have the same tax rate on US goods as the US export tax rate to them. For example, if Indian motorcycles face a 2.4% tax in the United States, and American motorcycles are taxed 100% in India, the United States will reversely tax Indian motorcycles at 100%. This "tit-for-tat" mechanism directly leads to a surge in the price of imported goods, and companies are forced to restructure their supply chains. Next, once the Federal Reserve starts to cut interest rates, gold is bound to reach a new level. Cutting interest rates is the general trend. When the economy is down, only by cutting interest rates can economic development be stimulated, and raising interest rates will only push the economy to the brink of collapse. The US economy is already in collapse, not on the edge!
After the tariff news, gold quickly retreated to 3105 and then soared, reaching a high of 3168. Gold, hold the position of 3100 US dollars, which is the key to determine the long and short positions. The rising market is not about staring at the high point speculation, but the gains and losses of the key support area. As long as the key support is not broken, the rising trend will not see the top.
Gold operation suggestion: long around 3120-3110
Gold bullish trend remains unchangedThe current bullish structure of gold has not changed. The key support below is still the 3100 line. The strong bullish thinking remains unchanged above 3100. Short-term operations rely on 3100 for defense, and gradually move up near 3116. Focus on the strength of the European session. If the European session rebounds but does not break the high, then short the US session at highs. Pay attention to the resistance of 3140-45 above.
Gold tariff policy boosts risk aversion!The 4-hour chart fluctuates around 3100-3138 and then rises. At present, the short-term momentum of the single positive line breaking the high is strong, and there is still room for further extension. At the same time, the middle track is lost and recovered, and the middle track is still the key long defense point. The Asian session relies on 3135-3138 as a support conversion point. First, look at a wave of inertia rushing up. In terms of operation, short-term longs near 3138-3140 are used for retracement, defense 3130, target 3165-3175, long at high positions strictly with a good defense position, and timely pocket money after the rush.
Today's gold short-term operation ideas suggest that the rebound is mainly short, and the callback is supplemented by long. The top short-term focus is on the 3138-3140 first-line resistance, and the bottom short-term focus is on the 3100-3110 first-line support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3175-3178, stop loss 6 points, target around 3155-3145, and look at the 3140 line if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3138-3140, stop loss 6 points, target around 3160-3170, and look at the 3180 line if it breaks;
The long-short sweep may still explodeThe tariffs were also successfully implemented. In response, the market bulls and bears also responded strongly. After all, the 3105-3142 area rose and fell in seconds, which was a terrifying market. Of course, to be honest, this wave of turbulence was mostly caused by institutions. After all, the market smashing was also extremely strong. However, I don’t agree with the impact of the tariffs implemented last night. First of all, looking back at the market situation, Trump said that tariffs would be imposed on many countries, which actually meant a 20% retaliatory tariff on the European Union. As for some other countries, only a 10% general levy was implemented, which relatively resulted in an unequal tariff situation. Of course, Trump also reiterated that Canada and Mexico still have tariff exemptions in a limited range of goods. So what impact will this situation have on the bulls and bears of gold? To be honest, personally, I have undoubtedly overestimated the announcement of this tariff. In other words, the implementation of this tariff is a bit insufficient in my eyes. After all, I expected that Trump would make major changes in his previous speech. As a result, it is a significant reduction compared to his previous years in office. This has also limited the outbreak of risk aversion. Of course, trade risks definitely exist, but through the matter of adding Mexico, this is completely negotiable. For this tariff event, I don’t think there is a big risk stimulus. Of course, the key is to see whether the market buys it. If the market thinks it will stimulate long-term risk aversion, then it will inevitably be pushed up by buying. However, the intensity of yesterday’s tariffs was not strong in my opinion. This may also limit the outbreak of longs to a certain extent. After all, the market’s expectations for it were too strong in the early stage, which also led to the early rise of longs, which also included the digestion of news. For this, you still need to be cautious.
Then looking back at the current market, the tariffs have been implemented, and in a blink of an eye, we will also welcome the announcement of non-agricultural data. As far as the current market is concerned, the various US economic data have also improved relatively. After all, the substantial growth of ADP has undoubtedly dispelled the rumors of economic downturn. After all, the warming of the labor market undoubtedly reflects the warming of the US economy. Under the influence of tariffs, it has indeed boosted the US economy. Of course, the impact of the data is not just that. The current remarks about the slowdown in inflation are self-defeating. Due to the implementation of tariffs, inflation is likely to rise further. This directly hits the Fed's expectations of a rate cut, and the warming of the labor market has further limited the possibility of the Fed implementing a rate cut. In this regard, no matter what the final result of the market outlook is, based on the current situation, I personally think that it is really difficult for the Fed to implement a rate cut this year, which has also led to a reduction in the momentum of gold bulls. Moreover, if this situation continues, the Fed does not rule out the possibility of being forced to implement a rate hike. Although Trump is also calling on the Fed to cut interest rates, the fact is that it cannot be implemented at present, unless the US talks with other countries again during this period to discuss a reduction, as it did with Canada and Mexico. Otherwise, as time goes by, as the tariff issue intensifies, inflation will be restricted, thus affecting the implementation of the Fed's policy. At this time, you can pay more attention to the market dynamics.
So for today, although gold is currently stimulated to rise, I don't quite agree with the emergence of new highs for gold bulls. To put it bluntly, for now, even if a new high appears, gold breaks through 3160, which is more of a possibility of inducing more. I am not saying that I am blindly bearish, but you have actually seen that gold is blocked at a high level, and the momentum of falling back is also extremely strong, especially gold started three consecutive positives last Friday, and as of Tuesday this week, it stopped falling near the highest point of 3149. The bull outbreak is already facing exhaustion. Even if the bulls rise again today, where can they rise, to 3200? Then what? You should know that it is cold at the top. Unless there is absolute bullish momentum to support gold to continue to rise, there will be a peak at any time. The short space is still large, just waiting for an opportunity. In particular, the sharp increase in ADP has led to the market betting on the negative non-agricultural data. Once gold is blocked from rising, it will inevitably collapse in an instant. Especially when this kind of news stimulates gold to rise, retail investors in the market will not consider its fundamentals. They will only think that interest rate cuts are absolutely good for bulls and the implementation of tariffs is absolutely good for bulls, which will lead to buying. This is also a chance for institutions to snipe bulls. For this, for today and tomorrow, even if gold breaks a new high, you should not blindly follow the trend. Remember to guard against the possibility of a resurgence of shorts. In this regard, I personally prefer the possibility of shorts looking back at the possibility of breaking 3100 and falling to 3080-3050. You can be cautious about this.
As for today's opening, gold opened high at 3141, and encountered a flash crash at 3128 at the opening, and then rebounded to 3139 and then flash crashed to 3123. This performance can be said to be extremely strong. In this case, I certainly cannot notify the operation. After all, the fluctuation is too fast. With a quote every second, even if you give an order, you may not be able to enter the market in time. For this, you still need to wait for the market to calm down. As for today's market, the fluctuation may be relatively strong. You can wait and see and be cautious. As for the specific operation details, I will give them in real time. Remember to strictly follow my requirements to control the position and stop loss.
XAUUSD The position of "BUY"The 3100 level is a strong support area. Right above this support area,buying opportunities present themselves. At price points in this range, a significant amount of buy orders tend to flood the market, offering a buffer against further price decline.
It’s crucial to note that the XAUUSD market is characterized by high volatility. Thus, investors should avoid chasing rallies or engaging in short - selling at high levels. Chasing rallies exposes investors to substantial losses during short - term price retracements. Similarly, short - selling at high levels risks missing out on further upside potential. Stay vigilant to market dynamics, set stop - loss and take - profit levels rationally, and safeguard against potential risks.
💎💎💎 XAUUSD 💎💎💎
🎁 Buy@3100 - 3105
🎁 TP 3120 3130 3140
The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Will the price of gold continue to rise in the evening?The 4-hour trend is temporarily maintained in a high range of oscillation repair. At present, the short-term moving average is basically in a state of adhesion and flattening, and tends to continue to maintain a high-level oscillation repair trend during the day. The 1-hour moving average of gold is still a golden cross upward bullish arrangement. Although gold has fallen below the moving average support, the strength of gold bulls to bottom out and rebound is still relatively strong, and with the support of gold safe-haven, gold bulls are still better. As long as it does not break 3100, it will continue to be bullish. Intraday operations will continue to be long. The top short-term focus is on the resistance of 3140-3150.
Gold operation ideas: gold is long at 3100-3102, stop loss at 3095, target 3130-3140; touch 3140-3138 short once above, stop loss at 3145, target 3130-3120;
Tax hikes put the dollar's credibility in doubtThe risk aversion in the early trading pushed up the gold price, but the bulls failed to continue and the gold price fell back after rising. From a technical perspective, the 4-hour gold price is above the moving average and the bullish trend remains unchanged. Structurally, the rise of gold prices is symmetrical in time and space, and the early decline is in line with expectations. The current upper resistance is at 3137-3141, and the lower support is at 3111-3106. In terms of operation, it is recommended to focus on long positions on callbacks and auxiliary on rebounds from high altitudes.
Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3092, and the target is 3130-3150.
Operation strategy 2: It is recommended to sell at 3139-3144, stop loss at 3150, and the target is 3120-3105.
XAUUSD Analysis Strategy: still be expected to rise!It has been continuously fluctuating within the range of 3110-3130 during the intraday period, showing a short-term high-level oscillation. With the support above 3100, it indicates that the upward trend still remains.
XAUUSD trading strategy
buy @ 3113-3117
sl 3103
tp 3125-3130
Preserve capital, manage risk, generate returns, achieve sustainable long-term profitability, and continuously learn and develop through trading. Access the link below the article to obtain more information.
Gold operation strategy, bulls continue to hit new highsFrom the 4-hour analysis, today's short-term support is around 3118-3124, with a focus on the 3100-3106 line. Intraday operations should continue to be long in response to the pullback. The short-term bullish strong dividing line should focus on the 3096-3100 line. The daily level stabilizes above this position and continues to maintain a low-long rhythm. Short selling can only enter the market at key points, and enter and exit quickly without fighting.
Gold operation strategy:
Gold falls back to 3116-3124, buy more when it falls back to 3100-3106, stop loss at 3097, target at 3145-3150, continue to hold if it breaks;
Tax hikes put the dollar's credibility in doubtThe risk aversion in the early trading pushed up the gold price, but the bulls failed to continue and the gold price fell back after rising. From a technical perspective, the 4-hour gold price is above the moving average and the bullish trend remains unchanged. Structurally, the rise of gold prices is symmetrical in time and space, and the early decline is in line with expectations. The current upper resistance is at 3137-3141, and the lower support is at 3111-3106. In terms of operation, it is recommended to focus on long positions on callbacks and auxiliary on rebounds from high altitudes.
Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3092, and the target is 3130-3150.
Operation strategy 2: It is recommended to sell at 3139-3144, stop loss at 3150, and the target is 3120-3105.
What impact will the implementation of gold tariffs have?As expected, gold fell below yesterday's low of 3124 support and came all the way to 3100. I have been emphasizing that gold will have a large retracement, but the current decline is far from enough and gold will continue to decline. The 1-hour moving average of gold has begun to turn downward, and gold may open up room for decline. The 1-hour gold moving average has now formed a head and shoulders top structure. The rebound will continue to be short. The market has weakened. Gold has tested the 3100 mark for the first time and has not yet broken it, but the direction of the market has turned short. If it does not break the first time, I believe there will be a second test in the future. Then the bearish situation has been finalized, and long positions have to be put aside for now, because it is a bearish market now. Gold can continue to be short after the rebound. Pay attention to the upper pressure level of 3128, and you can go short directly after it rebounds!
Today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 3138-3130 line of resistance, and the short-term focus on the lower side is the 3100-3083 line of support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3128-3130, stop loss 6 points, target around 3110-3100, break to see 3085 line;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3083-3085, stop loss 6 points, target around 3100-3110, break to see 3120 line;
Gold continues to hit new highsFundamentally, although the tension between Russia and Ukraine has eased, it has not ended peacefully. There is still a certain degree of uncertainty and temporary stability. In addition, the situation in the Middle East is also intensifying. Trump also threatened to bomb Iran this week, which has increased the risk aversion of the market's geopolitical situation. In terms of US tariffs, Trump's tariff policy is still continuing. The reciprocal tariffs to be announced in the Rose Garden of the White House on April 2 will also put global economic trade at risk. Its uncertainty has made the market wait and see, and more inclined to safe-haven gold. Although Fed officials said that there is no stagflation in the economy and the expectation of interest rate cuts has weakened, as long as it does not turn to interest rate hikes, even if inflation strengthens, it will boost the commodity attributes of gold and support the strengthening of gold prices. In addition, major banks around the world have raised their gold price forecasts, and strong capital inflows from gold-backed ETFs, etc., will become the main factors supporting gold prices.
On the whole, today's short-term operation of gold recommends focusing on callbacks and shortings, with the upper short-term focus on the first-line resistance of 3138-3143, and the lower short-term focus on the first-line support of 3110-3105.
Is gold accelerating towards its peak?Today, the European and American markets focus on the breakout of 3127-30. If the European market fails to break higher, then this point may become a short-term high point. It is best to go long when it falls back to around 3100-02. It is still possible to go short if it falls back to 3102 and then rebounds to 3125-27. Finally, I would like to advise retail investors that when the market fluctuates violently, if you cannot control yourself and go with the trend, then going short may be the best choice. It is better not to do it than to make a mistake! Watching more and doing less is also a suitable strategy.
In today's short-term operation of gold, it is recommended to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus is on the first-line resistance of 3128-3130, and the bottom short-term focus is on the first-line support of 3100-3097.
There may be a downward adjustment today!Yesterday, gold fell under pressure at 3150 and then tested the 3100 mark again in the evening, breaking the previous trend line that had been rising for several days. The market gradually slowed down from strong bullish trend, and the daily line turned negative.
Don’t expect the market to turn to bearish and fall sharply at this point. The long-short conversion needs time to brew, and now it is still a bullish trend, so the probability of forming a volatile trend here is relatively high, with a range of 3138-3100. Only when it breaks below 3100 can we see the market turning to bearish.
If the daily line is just a single negative correction, it will not change the overall upward trend. It depends on whether it can continue to close negative today.
The previous trend line support broke and turned into a pressure line, basically coinciding with the 3135-3138 pressure line. This morning's three consecutive positive waves just touched it. The key depends on the performance of the European session:
If the European session suppresses the decline and weakens, then the third test of 3100 may break.
If the European session continues to strengthen and break through 3138, it will also hit the high point of 3148-3149
In terms of trading,
1. Directly push up and break the high, aggressively chase long at 3132, stop profit at 3145;
2. Continue to buy after falling back to 3133, stop loss at 3125 if the callback is too large
3. The European session rebounded several times but failed to maintain sideways, lightly short at 3132 in the evening, and automatically stop profit at 3110 around midnight.
Gold market trend analysisGold risk aversion pushed up gold prices, but the bulls failed to continue, and gold prices fell after rising. From a technical perspective, the 4-hour gold price remained above the moving average, and the bullish trend remained unchanged. Structurally, the rise in gold prices was symmetrical in time and space, and the early decline was in line with expectations. The hourly chart showed a weak short signal and diverged. At present, the upper resistance is at 3137-3141, and the lower support is at 3111-3106. In terms of operation, I suggest that the callback is mainly long, and the rebound is supplemented by high short.
Operation strategy 1: It is recommended to pull back to 3105-3100 long, stop loss 3092, and the target is 3130-3150.
Operation strategy 2: It is recommended to rebound to 3139-3144 short, stop loss 3150, and the target is 3120-3105.
