Analysis of the latest trend of gold and precise trading strategies:
Core contradictions in the current market
Safe-haven support vs. dollar suppression
Gold bullish:
Trump's tariff increase on Japan and South Korea (effective on August 1) triggered market risk aversion, and US stocks fell.
The People's Bank of China has increased its gold holdings for 8 consecutive months, and long-term buying is stable.
Gold bearish:
The US dollar index rose to a one-week high (97.67), suppressing gold denominated in US dollars.
Technically, the strong resistance of $3345 has not been broken, and the bullish momentum is insufficient.
Key price breakthrough:
Break above 3345: Confirm the bullish trend, target 3380-3400.
Break below 3275: May accelerate the callback to the 3250-3230 support area.
Key technical signals
1. 4-hour level
Obvious pressure: 3345 forms a double top pressure, MACD golden cross momentum is exhausted, and if the dead cross will strengthen the callback.
Short-term support: 3280-3275 (if it falls below, look at 3250).
2. 1-hour level
Short-term bearish: The moving average is in a bearish arrangement, and the price rebounds weakly after falling below 3295.
Oversold rebound opportunity: If a long lower shadow or MACD bottom divergence appears near 3280, you can bet on short-term longs.
Today's precise trading plan
Strategy 1: Short-term rebound short (main strategy)
Entry point: 3323-3325 light position short, stop loss 3332 (to prevent false breakthroughs).
Target: 3300→3280 (if it breaks below 3280, you can hold and look at 3275).
Logic: 3345 resistance is effective + strong US dollar + 1-hour moving average suppression.
Strategy 2: Short-term long on pullback (auxiliary strategy)
Entry point: 3285-3295 stabilize and then long (need K-line to close positive or MACD golden cross to confirm).
Stop loss: below 3280, target 3310-3320.
Logic: support at the lower edge of the range + risk aversion may be repeated.
Strategy 3: Breakout and follow
Break above 3345: chase long, target 3360-3380, stop loss 3330.
Break below 3275: wait and see whether the decline accelerates, do not buy against the trend.
Risk control and key tips
Strict stop loss:
Short stop loss 3332 (to prevent sudden risk aversion).
Stop loss 3280 for long orders (to avoid a weakening trend).
Data risk:
Pay attention to US PPI data and speeches by Fed officials, which may trigger fluctuations.
Position management:
No more than 5% position in a single transaction, avoid heavy positions.
Summary
Main direction during the day: Prioritize high altitude below 3345, pay attention to pressure near 3325.
Key support: 3280-3275 is the last line of defense for bulls, and it will turn to short if it falls below.
Breakthrough strategy: Follow the trend after breaking above 3345 or below 3275.
Core contradictions in the current market
Safe-haven support vs. dollar suppression
Gold bullish:
Trump's tariff increase on Japan and South Korea (effective on August 1) triggered market risk aversion, and US stocks fell.
The People's Bank of China has increased its gold holdings for 8 consecutive months, and long-term buying is stable.
Gold bearish:
The US dollar index rose to a one-week high (97.67), suppressing gold denominated in US dollars.
Technically, the strong resistance of $3345 has not been broken, and the bullish momentum is insufficient.
Key price breakthrough:
Break above 3345: Confirm the bullish trend, target 3380-3400.
Break below 3275: May accelerate the callback to the 3250-3230 support area.
Key technical signals
1. 4-hour level
Obvious pressure: 3345 forms a double top pressure, MACD golden cross momentum is exhausted, and if the dead cross will strengthen the callback.
Short-term support: 3280-3275 (if it falls below, look at 3250).
2. 1-hour level
Short-term bearish: The moving average is in a bearish arrangement, and the price rebounds weakly after falling below 3295.
Oversold rebound opportunity: If a long lower shadow or MACD bottom divergence appears near 3280, you can bet on short-term longs.
Today's precise trading plan
Strategy 1: Short-term rebound short (main strategy)
Entry point: 3323-3325 light position short, stop loss 3332 (to prevent false breakthroughs).
Target: 3300→3280 (if it breaks below 3280, you can hold and look at 3275).
Logic: 3345 resistance is effective + strong US dollar + 1-hour moving average suppression.
Strategy 2: Short-term long on pullback (auxiliary strategy)
Entry point: 3285-3295 stabilize and then long (need K-line to close positive or MACD golden cross to confirm).
Stop loss: below 3280, target 3310-3320.
Logic: support at the lower edge of the range + risk aversion may be repeated.
Strategy 3: Breakout and follow
Break above 3345: chase long, target 3360-3380, stop loss 3330.
Break below 3275: wait and see whether the decline accelerates, do not buy against the trend.
Risk control and key tips
Strict stop loss:
Short stop loss 3332 (to prevent sudden risk aversion).
Stop loss 3280 for long orders (to avoid a weakening trend).
Data risk:
Pay attention to US PPI data and speeches by Fed officials, which may trigger fluctuations.
Position management:
No more than 5% position in a single transaction, avoid heavy positions.
Summary
Main direction during the day: Prioritize high altitude below 3345, pay attention to pressure near 3325.
Key support: 3280-3275 is the last line of defense for bulls, and it will turn to short if it falls below.
Breakthrough strategy: Follow the trend after breaking above 3345 or below 3275.
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Enjoy life, enjoy trading
Enjoy life, enjoy trading
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 signal:t.me/+-tEkPdw9F0IzOGQx
Enjoy life, enjoy trading
Enjoy life, enjoy trading
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.