Key technical signal confirmation
Trend break: 4-hour chart confirms breaking below the bottom of the 3270-3260 box, 1-hour moving average dead cross (such as MA5 crossing MA20), short momentum increases.
Resistance conversion: The previous support 3260-3270 (trading concentration area) turns into strong resistance, and a rebound to this point can be regarded as a short-selling opportunity.
Weakness sign: If the rebound cannot reach 3260, it indicates that the market is extremely weak and may accelerate the decline.
Today's operation strategy
Short opportunity
Ideal short-selling area: 3260-3270 (reverse pressure position after the box breaks), stop loss set above 3280, target down to 3220→3200.
Aggressive short-selling: If the price rebound is weak, enter the market in batches at 3245-3255 (1-hour moving average suppression area), stop loss 3265, target the same as before.
Long positions should participate cautiously
Short-term rebound only: If the support of 3190-3200 is touched for the first time (previous low of the daily line or Fibonacci retracement level), a light position can be used to rebound, with a stop loss of 3180 and a target of 3220-3230.
Key points:
First resistance: 3245 (dynamic pressure of 1-hour MA20 moving average)
Strong resistance: 3260-3270 (break conversion position).
Support below:
First target: 3200 (short-term psychological barrier)
Strong support: 3165-3175 (weekly support band).
Market sentiment and risk management
Short sellers dominate: The 4-hour MACD is heavy in volume below the zero axis, and the RSI is below 40. You need to be alert to oversold rebounds but do not blindly buy the bottom.
Data risk: If there is sudden news in the European or US market (such as a pullback of the US dollar or geopolitical conflicts), the stop loss needs to be adjusted flexibly.
Summary: The market is mainly rebounding and high-altitude during the day. The market remains bearish below 3260. Long orders are only used as a quick entry and exit aid. Traders need to confirm the entry timing based on real-time price momentum (such as the 15-minute K-line engulfing pattern) and strictly control their positions.
Trade active
At the 4-hour level, gold stopped falling at the 3200 mark and rebounded. Pay attention to the mid-rail 3275 line. If it can break through, pay attention to the 66-day moving average resistance line 3320; at the 1-hour level, today's low of 3227 is a feng shui threshold. Hold it and maintain the intraday rise; if it fails, it will be a bottom shock, or there may be a second dip to the bottom; resistance First, focus on the counter-pressure point of the lower rail of the convergence triangle, 3275. This position happens to be the 618 dividing point below 3320. Above that is 3290, which also resonates with the daily 5 moving average. The strong pressure should be the upper rail of the convergence triangle, pointing to 3320, which is also close to the annual moving average. Given this position, the increase is almost exactly 100$;
❤️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.