✅Gold maintains a strong bullish trend at the daily and weekly levels, with prices breaking through previous highs and hitting a new high of $3,038. The current market presents the characteristics of "no turning signal, no top structure". Before a clear reversal signal appears on the technical side, the core logic is to follow the trend.
✅The short counterattack failed during the Asian and European trading sessions, and the U.S. session continued to break through the high momentum, confirming the short-term bullish control pattern.
But please note:
--The price deviation from the 5-day moving average has reached 5.3% (extreme threshold)
--This round of recovery has formed three acceleration waves (wave integrity risk)
✅Short-term Key price points
🔴Upper resistance level:
-First: 3035-3038
-Second: 3050-3055
-Third: 3068-3072
🟢Lower support level:
-First: 3012-3015
-Second: 3005-3008
-Third: 2999-3000
✅In the bullish trend, the main strategy is to go long after a pullback. We can build long positions step by step at the support level below in a pyramid pattern, the total position shall not exceed 30%.
✅The current market situation is in a high-risk state. Trading on your own may result in huge losses. Our professional guidance can help you avoid risks while obtaining continuous and stable profits🤝
✅The short counterattack failed during the Asian and European trading sessions, and the U.S. session continued to break through the high momentum, confirming the short-term bullish control pattern.
But please note:
--The price deviation from the 5-day moving average has reached 5.3% (extreme threshold)
--This round of recovery has formed three acceleration waves (wave integrity risk)
✅Short-term Key price points
🔴Upper resistance level:
-First: 3035-3038
-Second: 3050-3055
-Third: 3068-3072
🟢Lower support level:
-First: 3012-3015
-Second: 3005-3008
-Third: 2999-3000
✅In the bullish trend, the main strategy is to go long after a pullback. We can build long positions step by step at the support level below in a pyramid pattern, the total position shall not exceed 30%.
✅The current market situation is in a high-risk state. Trading on your own may result in huge losses. Our professional guidance can help you avoid risks while obtaining continuous and stable profits🤝
Trade active
✅Key points🔴Support level: 3025-3028 (MA10 moving average, daily line retracement confirmation point)
🟢Resistance level: 3040-3050 (weekly/monthly channel upper rail pressure zone)
Breakthrough target: If it stands above 3055, it will open up further upward space.
✅Trading strategy
🔰Long: Pull back to 3028 and light long orders, stop loss below 3020, target 3040-3050.
If the price continues to stabilize above 3030, it can be replenished in batches, and the stop loss is the same as before.
🔰Short: Try shorting with a light position when it touches 3050 for the first time, stop loss above 3055, target 3035-3030.
If it breaks through 3055 quickly, abandon the short order and follow the trend to chase the long
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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.
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.