Gold bulls encounter resistance, high-level adjustmentsYesterday, the gold market showed an abnormal trend. The Asian and European sessions broke the routine and showed a clear weak pattern, showing the characteristics of a bear market of "fast decline without rebound". It is particularly noteworthy that despite the positive US manufacturing data released in the evening, gold has abnormally fallen into the dilemma of "good news but no rise", which is often an important signal of trend reversal. Today, the market focus is on the change in tariff expectations. If the expectations are significantly reduced, it will be the last straw that breaks the camel's back for bulls - the previous rise was largely based on tariff expectations.
Key technical nodes
Bull-bear watershed:
Key resistance above: 3124-3128 area (rebound high after testing 3100 yesterday)
Secondary resistance: 3135-3140 area (strong pressure zone)
Ultimate resistance: 3160-3165 (trend line extension)
Downward target:
First look at the breakthrough of 3100
Main target area: 3077-3057 (previous intensive trading area)
Deep correction may touch 3030-3000
Trading strategy recommendations
Main strategy: short on rebound
Ideal shorting area:
Preferred 3124-3128 range
Focus on 3135-3140 area for strong rebound
Consider 3160-3165 range in extreme cases
Stop loss setting ：
10-8 dollars above each resistance zone
Strict stop loss after breaking through the previous high
Target position:
Phase 1: 3100 mark
Phase 2: 3077-3057
Phase 3: 3030-3000
Key points for auxiliary observation
The strength of the rebound in the Asian session will determine the timing of shorting in the European session
If the rebound is too large (exceeding 3140), it may turn into high-level fluctuations
Tariff-related news needs to be paid attention to in real time, which may cause violent fluctuations
Risk warning
If Trump suddenly announces the expansion of the tariff scope, short positions need to be closed immediately
If the US economic data continues to weaken, it may slow down the pace of decline
Geopolitical emergencies may temporarily boost risk aversion demand
The current market has shown signs of fatigue, and investors are advised to remain vigilant and seize possible opportunities for trend reversals. Strict risk control and flexible position adjustments will be the key to dealing with potential violent fluctuations. Remember: when the market begins to become numb to positive news, it often indicates that the trend is about to change.
