Gold short-term trading strategy update
I. Analysis of key price ranges
Bull market attack path (need to break through to confirm)
First resistance level: 3355~3360 (yesterday's high, pressure zone in Asian session)
Breakthrough signal: three consecutive K lines on the hourly chart stand above 3360, and trading volume increases
Second resistance level: 3375~3380 (golden ratio 0.618 + weekly Bollinger band middle track)
Final goal: 3400 integer mark (breakthrough will trigger algorithmic trading buy, accelerate to 3425/3450)
Bear market counterattack defense line (break through and reverse the trend)
First support level: 3315 (5-day moving average + 4-hour chart EMA55)
Key observation point: Can this position be maintained before the European session?
Life and death line: 3300~3295 (psychological barrier + opening price of this week)
Breakthrough target: 3275 (low point on June 28) → 3255~3245 (200-day moving average + weekly level support)
II. Intraday long and short tactical deployment
▶ Long strategy (defensive counterattack type)
Entry conditions:
Appearance near 3315: ① 15-minute chart Pinbar reversal pattern ② RSI bottom divergence (30-minute cycle)
Stop loss setting: 3308 (invalid before breaking through the previous low)
Target ladder:
3340 (Asian session high)
3355 (reduce position 50%)
3375 (stop loss to cost price)
▶ Short strategy (trend-following strategy)
Entry time:
Appearance in the 3355~3360 area: ① Shooting star/evening star ② 4-hour TD sequence selling structure
Or 3302 effective breakthrough and callback confirmation (5-minute chart closed below 3300)
Stop loss rules:
High stop loss 3378 (break through yesterday's high 1.5 times ATR)
Break through short-term stop loss 3318 (pullback after support turns into resistance)
Target space:
3275 (profit and loss ratio 1:3)
3255 (medium-term holding requires cooperation with non-agricultural data)
III. Institutional order flow monitoring
CME futures data:
There is a large option barrier above 3350 (25,000 call options expire)
There is an accumulation of algorithmic trading buying in the 3300~3315 range (high-frequency trading support level)
London fixing price reminder:
This morning's fixing price is 3326. If the afternoon fixing price is lower than 3310, bearish sentiment will increase
IV. Emergency Warning
Today's US ADP employment data
Expected: +185,000 |
Data>200,000: bearish for gold (quick test of 3300)
Data<150,000: positive for breaking through 3355
Geo-risk time window
Iran nuclear negotiation deadline
★ Final conclusion:
Asia-Europe session: 3315~3355 range operation (sell high and buy low)
US session: wait for ADP data to trigger a breakthrough, strictly stop loss of $3 (leverage accounts need to reduce positions to one-third)
Breakthrough formula:
"Break through 3355 and chase more, don't guess the top before 3400;
3300 is lost and then pulled back, consider catching the flying knife at 3255"
I. Analysis of key price ranges
Bull market attack path (need to break through to confirm)
First resistance level: 3355~3360 (yesterday's high, pressure zone in Asian session)
Breakthrough signal: three consecutive K lines on the hourly chart stand above 3360, and trading volume increases
Second resistance level: 3375~3380 (golden ratio 0.618 + weekly Bollinger band middle track)
Final goal: 3400 integer mark (breakthrough will trigger algorithmic trading buy, accelerate to 3425/3450)
Bear market counterattack defense line (break through and reverse the trend)
First support level: 3315 (5-day moving average + 4-hour chart EMA55)
Key observation point: Can this position be maintained before the European session?
Life and death line: 3300~3295 (psychological barrier + opening price of this week)
Breakthrough target: 3275 (low point on June 28) → 3255~3245 (200-day moving average + weekly level support)
II. Intraday long and short tactical deployment
▶ Long strategy (defensive counterattack type)
Entry conditions:
Appearance near 3315: ① 15-minute chart Pinbar reversal pattern ② RSI bottom divergence (30-minute cycle)
Stop loss setting: 3308 (invalid before breaking through the previous low)
Target ladder:
3340 (Asian session high)
3355 (reduce position 50%)
3375 (stop loss to cost price)
▶ Short strategy (trend-following strategy)
Entry time:
Appearance in the 3355~3360 area: ① Shooting star/evening star ② 4-hour TD sequence selling structure
Or 3302 effective breakthrough and callback confirmation (5-minute chart closed below 3300)
Stop loss rules:
High stop loss 3378 (break through yesterday's high 1.5 times ATR)
Break through short-term stop loss 3318 (pullback after support turns into resistance)
Target space:
3275 (profit and loss ratio 1:3)
3255 (medium-term holding requires cooperation with non-agricultural data)
III. Institutional order flow monitoring
CME futures data:
There is a large option barrier above 3350 (25,000 call options expire)
There is an accumulation of algorithmic trading buying in the 3300~3315 range (high-frequency trading support level)
London fixing price reminder:
This morning's fixing price is 3326. If the afternoon fixing price is lower than 3310, bearish sentiment will increase
IV. Emergency Warning
Today's US ADP employment data
Expected: +185,000 |
Data>200,000: bearish for gold (quick test of 3300)
Data<150,000: positive for breaking through 3355
Geo-risk time window
Iran nuclear negotiation deadline
★ Final conclusion:
Asia-Europe session: 3315~3355 range operation (sell high and buy low)
US session: wait for ADP data to trigger a breakthrough, strictly stop loss of $3 (leverage accounts need to reduce positions to one-third)
Breakthrough formula:
"Break through 3355 and chase more, don't guess the top before 3400;
3300 is lost and then pulled back, consider catching the flying knife at 3255"
Free Signals：
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free Signals：
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
t.me/+Hy1szYIVKdkzNzM0
Choice is more important than effort
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.