Gold market analysis and trading strategies
Core view: Super sweeping market continues
Large cycle pattern: Gold is in a sweeping stage, lacking trend direction, similar to the long-term shock after the peak in 2011 (lasting nearly 20 months).
Current fundamentals (geopolitical conflicts, inflation data, Fed policy expectations) support this violent fluctuation.
Short-term characteristics: straight upward, frequent V-shaped reversals, rhythm control is more important than direction judgment, and we need to be vigilant against sudden news-induced surges and plunges.
Review of major influencing factors
China-US negotiations: No specific details have been announced, but the market's sensitivity to trade relations still exists.
US CPI data: slightly lower than expected, Trump called on the Fed to cut interest rates by 1%, strengthening easing expectations, which is good for gold.
Middle East situation: The United States evacuated its citizens from Bahrain and Kuwait, the Iran-Iraq crisis escalated, and the geopolitical risk premium pushed up gold prices.
Technical analysis
1. Daily level
Pattern: The big positive line broke through the key resistance level of 3360 points, confirming the short-term bullish momentum.
Support level: 3360-3345-3320
Resistance level: 3390-3395.
Potential path: If it stands above 3360, it may rise to 3400+ (target 3415, 3440); if it falls below 3350-45, the risk of a pullback will increase.
2. 4-hour level
Trend: MACD golden cross, trading volume enlarged, moving averages are bullishly arranged, support level: 3369 (MA5), 3350 (MA60).
Key points: 3360-65 is the watershed between long and short positions. If it holds, the upward trend will continue.
3. Hourly chart
Short-term signal: MACD golden cross, but STO is overbought, be wary of a high pullback. 3362 is the direct support level, and a breakout of this level may lead to a pullback to 3348-50.
Trading strategy recommendations:
Long strategy
Active long orders: enter the market in the 3360-65 area, stop loss of $5 (fall below 3360), target 3375-3388-3395-3405.
Steady long orders:
Long orders at 3345-3350, stop loss at 3339, target above 3360.
Short order strategy:
Short-term pullback: short light positions when stagflation in the 3396-3400 area, stop loss 3405, target 3380-3360.
Trend short orders: layout in batches in the 3413-3430 area, stop loss set above 3440, target 3400-3380 (need to match the top pattern).
Core view: Super sweeping market continues
Large cycle pattern: Gold is in a sweeping stage, lacking trend direction, similar to the long-term shock after the peak in 2011 (lasting nearly 20 months).
Current fundamentals (geopolitical conflicts, inflation data, Fed policy expectations) support this violent fluctuation.
Short-term characteristics: straight upward, frequent V-shaped reversals, rhythm control is more important than direction judgment, and we need to be vigilant against sudden news-induced surges and plunges.
Review of major influencing factors
China-US negotiations: No specific details have been announced, but the market's sensitivity to trade relations still exists.
US CPI data: slightly lower than expected, Trump called on the Fed to cut interest rates by 1%, strengthening easing expectations, which is good for gold.
Middle East situation: The United States evacuated its citizens from Bahrain and Kuwait, the Iran-Iraq crisis escalated, and the geopolitical risk premium pushed up gold prices.
Technical analysis
1. Daily level
Pattern: The big positive line broke through the key resistance level of 3360 points, confirming the short-term bullish momentum.
Support level: 3360-3345-3320
Resistance level: 3390-3395.
Potential path: If it stands above 3360, it may rise to 3400+ (target 3415, 3440); if it falls below 3350-45, the risk of a pullback will increase.
2. 4-hour level
Trend: MACD golden cross, trading volume enlarged, moving averages are bullishly arranged, support level: 3369 (MA5), 3350 (MA60).
Key points: 3360-65 is the watershed between long and short positions. If it holds, the upward trend will continue.
3. Hourly chart
Short-term signal: MACD golden cross, but STO is overbought, be wary of a high pullback. 3362 is the direct support level, and a breakout of this level may lead to a pullback to 3348-50.
Trading strategy recommendations:
Long strategy
Active long orders: enter the market in the 3360-65 area, stop loss of $5 (fall below 3360), target 3375-3388-3395-3405.
Steady long orders:
Long orders at 3345-3350, stop loss at 3339, target above 3360.
Short order strategy:
Short-term pullback: short light positions when stagflation in the 3396-3400 area, stop loss 3405, target 3380-3360.
Trend short orders: layout in batches in the 3413-3430 area, stop loss set above 3440, target 3400-3380 (need to match the top pattern).
Trade active
Enjoy trading Enjoy life The best trading team
💸Free signal
t.me/+TRUvCn9lPQFhZTYx
💸Free signal
t.me/+TRUvCn9lPQFhZTYx
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.
Enjoy trading Enjoy life The best trading team
💸Free signal
t.me/+TRUvCn9lPQFhZTYx
💸Free signal
t.me/+TRUvCn9lPQFhZTYx
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.