How to operate after gold falls sharplyGold prices hit another all-time high, breaking through the $3148.85 mark. Gold's rallyextended, with the price up 18.96%, and this uptrend is likely to continue due to the uncertainty in the financial markets. Although the Relative Strength Index (RSI) is overbought, traders should be aware that due to the aggressiveness of this move, the most extreme level is 80. The next resistance level for gold will be the psychological level of 3150, and if it breaks through this target, gold will target 3200.Gold is currently continuing to fluctuate upward along the short-term moving average on the daily trend, and there is still no sign of peaking in the short-term trend. In the current situation, there may be two short-term peaking trends, one is a rapid rise and fall to release the bullish pressure, and the other is a continuous rapid fall. Before that, don't try to buy the top for the time being. The four-hour level trend is temporarily maintained at a high level of shock repair. Pay attention to the support belt around 3060 during the day. At present, the short-term moving average still maintains a hook-headed upward divergent trend. Pay attention to the secondary upward trend that may appear after the technical form repair is completed through high-level shocks. Pay attention to the adjustment and repair of the short-term trend.With the arrival of the market's highly anticipated "Tariff Day", the price of gold has frequently refreshed its historical highs. As of the time of writing, the price of gold has climbed to around 3135, about 60 points away from 3086. The uncertainty of tariffs has boosted the demand for safe havens. The strong bullish trend of gold is still continuing. Before the details of the tariffs are announced and implemented, gold is still on an upward trend. It depends on whether there will be a large sell-off and a fall in gold prices after the specific announcement. The technical indicators are fully overbought, indicating that the risk of a short-term correction is accumulating. Once Trump's tariff policy is implemented, the market may see the phenomenon of "buying expectations and selling facts", leading to profit-taking. Continue to fall back, and the fall is likely to be blocked between 3099-3113, and then the next round of rise will start. At that time, you can chase with a light position. Be cautious and wait for stabilization around 3113-3099 before buying more.
