Gold top long and short structure conversionThe gold market has recently shown a clear bearish-dominated pattern, with the weekly closing high and long upper shadow negative line, combined with the gap of $50 opened lower this week, the technical bearish signal is strong. Although there was a violent rebound to 3055 during the Asian session, filling part of the gap, it encountered strong suppression near the 5-day moving average of 3030, which happened to be the resistance level transformed from the previous key support, forming a typical technical "top and bottom conversion".
Key technical analysis
Large cycle structure:
Weekly level: Long upper shadow negative line with low opening, confirming the top pressure
Daily level: Moving average system short arrangement, 3030 becomes the long-short watershed
Key support system: 3030-3000-2980 (downward layer by layer)
Core resistance: 3055 (gap filling position), 3030 (top and bottom conversion)
Trend evolution characteristics:
Support levels are lost one after another (3030→3000→2980) and short momentum continues to increase
The market enters a high volatility shock repair stage
Current market characteristics
Volatility characteristics:
Single-day volatility exceeds 100 US dollars
Quick conversion of long and short (violent rebound after a sharp drop in the Asian session)
Repeated testing of technical positions (3030 key position)
Trading environment:
High volatility makes stop loss more difficult
Technical position effectiveness is enhanced
Need to be vigilant against false breakthrough risks
Professional trading strategy
Short opportunities:
Entry Point: Near 3055 (top and bottom conversion suppression zone)
Risk control: Strict stop loss above 3060
Target level: 3035→3030 (take profit in batches)
Applicable conditions: Maintain validity before breaking through 3060
Long position layout:
Ideal position: 2958-2960 (weekly moving average support)
Stop loss setting: below 2953 (previous low protection)
Target outlook: 2980→3000 (step profit)
Core logic: grasp the opportunity of oversold rebound
Key risk control points
Position management:
Single risk control at 1-2%
Adopt batch position building strategy
Trading timing:
Asian session is mainly observed
U.S. session focuses on breakthrough opportunities
Emergency plan:
Short position immediately stops loss after breaking through 3060
Long position layout is temporarily suspended after breaking through 2950
Focus on the future market
3030 key position competition:
Continued pressure maintains short position thinking
Effective breakthrough requires re-evaluation
