1. Current market structure: wide range of fluctuations, direction to be broken
Key range: 3260-3338 (recently tested the upper and lower edges many times, no effective breakthrough).
Fierce long-short game:
3260-3270 (multiple bottoming rebounds, strong support area).
3336-3340 (recent high resistance, breakthrough opens up the upward space).
3370 (mid-term long-short boundary, head and shoulders right shoulder pressure).
2. Technical signal analysis
4-hour chart shock pattern:
If it stands firm at 3336 → it may continue to rebound and test 3352-3370.
If it falls back under pressure at 3336 → look down to 3278-3260, and if it falls below, it will open the downward space to 3225-3200.
Key patterns:
Head and shoulders top prototype: If the right shoulder is formed at 3370, the risk of medium-term shorting will increase.
Fibonacci support: 3225 (50% retracement), 3200 (psychological barrier).
3. Today's operation strategy
(Use 3336 as the dividing line, flexibly switch between long and short positions)
Short opportunity (main idea)
Entry conditions:
Price stagnation at 3336-3340 (such as reversal signals such as long upper shadow and engulfment on the K-line).
Target: 3278 → 3265-3260 (add positions after breaking through to see 3225).
Stop loss: above 3352 (to prevent false breakthroughs).
Bull opportunity (auxiliary idea)
Entry conditions:
Retracing to 3270-3260 and stabilizing (quick rebound or lower shadow confirmation).
Target: 3336 → 3352 (reduce position after breakthrough).
Stop loss: below 3255 (strict risk control).
4. Key risk reminder
Fake breakthrough risk: The recent volatility is drastic, and it is necessary to observe whether the breakthrough of 3336 and 3260 is accompanied by large volume.
The dollar and the news: Federal Reserve policy expectations and geopolitical situations may cause sudden fluctuations.
5. Summary
Volatile market → Sell high and buy low, strictly stop loss.
Breakthrough strategy:
Break above 3336 → Go long on the retracement, look at 3370.
Break below 3260 → Go short on the rebound, look at 3225-3200.
Trade active
Recently, the market's optimistic expectations for the easing of Sino-US trade frictions have increased, and this sentiment has weakened the attractiveness of gold as a safe-haven asset to a certain extent. The uncertainty left over from the tariff policy during the Trump era, coupled with the market's concerns about the global economic recession, still prompted investors to buy on dips when gold prices fell back, providing support for gold prices. This week will usher in a series of important economic data, including key indicators such as the US GDP growth rate in the first quarter and the PCE core inflation rate. These data will become an important basis for assessing the resilience of the US economy, and thus affect the trend of the gold market.
Gold fell after hitting the 3500 mark, and the current low is temporarily stable near 3260. The daily cycle shows that gold prices have failed to test this support level for three consecutive trading days, and the pattern shows a wide range of fluctuations with alternating long and short positions. In this market, blindly chasing orders is risky because the price lacks sustainability and the long and short forces frequently switch. On the 4-hour chart, gold showed a small range of consolidation, and the Bollinger Bands contracted, further confirming the oscillating pattern. The current trend is waiting for external factors to stimulate it, and the fluctuations of the US dollar index and changes in risk aversion will become the key drivers. At present, the upper resistance is 3350-3360, and the lower support is 3290-3285. In terms of the US trading period, given the horizontal box operation in the 4-hour cycle, it is recommended to do more on the pullback.
Operation strategy 1: It is recommended to go long on the pullback to 3292-3285, stop loss at 3277, and the target is 3320-3350 and break to 3370.
❤️Free gold trading signals:t.me/+YpPhxSuL0es5ZDE1
🥇Gold price trend analysis and forecast
💹Technical analysis (K-line patterns, trend lines, indicator systems)
✅Gold's safe-haven properties and asset allocation strategy
🥇Gold price trend analysis and forecast
💹Technical analysis (K-line patterns, trend lines, indicator systems)
✅Gold's safe-haven properties and asset allocation strategy
Related publications
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 gold trading signals:t.me/+YpPhxSuL0es5ZDE1
🥇Gold price trend analysis and forecast
💹Technical analysis (K-line patterns, trend lines, indicator systems)
✅Gold's safe-haven properties and asset allocation strategy
🥇Gold price trend analysis and forecast
💹Technical analysis (K-line patterns, trend lines, indicator systems)
✅Gold's safe-haven properties and asset allocation strategy
Related publications
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.