📊Gold broke through the 3,000 integer mark this week, setting a new record high, but failed to form an effective volume breakthrough. The price briefly rose and then fell, indicating that the bullish momentum has slowed down in stages.
📊Weekly level: The weekly K-line closed with a long upper shadow positive line, suggesting high selling pressure, but the moving average system maintained a bullish arrangement (5/10-week moving average slope>45°), and no top structure appeared. Next week, pay attention to whether it can stand firm at the 3,000-point center
📊Daily level: Friday's high and fall recorded a shooting star pattern, and the short-term peak signal initially appeared. The key support below refers to the 5-day moving average (2972) and the previous high conversion position 2954-2956 range.
📊4-hour level: short-term moving average MA5 crosses MA10 line to form a dead cross at 2990, MACD top divergence and secondary dead cross, KDJ oversold zone repair, short-term demand for stepping back to 2950 area. However, the Bollinger Bands open upward, and the middle track (2935) constitutes the medium-term long-short watershed.
✅Key position determination
🔴Upper resistance level: 3000-3004, 3050
🟢Lower support level: 2954-2956, 2935
✅Trading strategy
🔰Main strategy: Arrange long orders in batches after the callback. 2950-2960 interval light position to try long, break 2935 stop loss, target 3000-3050.
🔰Auxiliary strategy: short-term short selling above 3000-3004, stop loss 3010, target 2970-2980
✅Time window and event-driven
🔸Fibonacci change cycle
Long cycle: Starting from the low of 2536 on November 14, 2024, the 89th trading day (Fibonacci key number) falls on next Thursday, which coincides with the Fed's interest rate decision day. Be alert to resonant fluctuations.
Short cycle: The rebound from the low of 2832 on February 28 for 13 trading days (Lucas sequence) simultaneously points to the second half of next week. It is necessary to guard against the phased adjustment caused by long profit-taking.
🔹Influence of the Fed's interest rate meeting
The interest rate decision and dot plot will be announced next Wednesday. The market has set the tone of "maintaining interest rates + dovish statements". If a clear signal of a June rate cut is released, it may stimulate a breakthrough in gold; if it is unexpectedly hawkish, it may become a fuse for long positions to close and trigger a technical collapse.
✅The medium- and long-term bull market of gold has not changed, but in the short term, we need to be vigilant against the risks of technical correction and event-driven resonance. It is recommended to maintain a bullish mindset based on the support area and flexibly respond to high-level fluctuations.
✅Trading strategies are time-sensitive. We will provide real-time and accurate trading strategies based on market changes. Please stay tuned.
📊Weekly level: The weekly K-line closed with a long upper shadow positive line, suggesting high selling pressure, but the moving average system maintained a bullish arrangement (5/10-week moving average slope>45°), and no top structure appeared. Next week, pay attention to whether it can stand firm at the 3,000-point center
📊Daily level: Friday's high and fall recorded a shooting star pattern, and the short-term peak signal initially appeared. The key support below refers to the 5-day moving average (2972) and the previous high conversion position 2954-2956 range.
📊4-hour level: short-term moving average MA5 crosses MA10 line to form a dead cross at 2990, MACD top divergence and secondary dead cross, KDJ oversold zone repair, short-term demand for stepping back to 2950 area. However, the Bollinger Bands open upward, and the middle track (2935) constitutes the medium-term long-short watershed.
✅Key position determination
🔴Upper resistance level: 3000-3004, 3050
🟢Lower support level: 2954-2956, 2935
✅Trading strategy
🔰Main strategy: Arrange long orders in batches after the callback. 2950-2960 interval light position to try long, break 2935 stop loss, target 3000-3050.
🔰Auxiliary strategy: short-term short selling above 3000-3004, stop loss 3010, target 2970-2980
✅Time window and event-driven
🔸Fibonacci change cycle
Long cycle: Starting from the low of 2536 on November 14, 2024, the 89th trading day (Fibonacci key number) falls on next Thursday, which coincides with the Fed's interest rate decision day. Be alert to resonant fluctuations.
Short cycle: The rebound from the low of 2832 on February 28 for 13 trading days (Lucas sequence) simultaneously points to the second half of next week. It is necessary to guard against the phased adjustment caused by long profit-taking.
🔹Influence of the Fed's interest rate meeting
The interest rate decision and dot plot will be announced next Wednesday. The market has set the tone of "maintaining interest rates + dovish statements". If a clear signal of a June rate cut is released, it may stimulate a breakthrough in gold; if it is unexpectedly hawkish, it may become a fuse for long positions to close and trigger a technical collapse.
✅The medium- and long-term bull market of gold has not changed, but in the short term, we need to be vigilant against the risks of technical correction and event-driven resonance. It is recommended to maintain a bullish mindset based on the support area and flexibly respond to high-level fluctuations.
✅Trading strategies are time-sensitive. We will provide real-time and accurate trading strategies based on market changes. Please stay tuned.
Trade active
✅Intraday Trading strategy:🔶GOLD SELL: 3010-3012
🔰TP1: 2990
🔰TP2: 2985
🔰TP3: 2980 OPEN~
🔶GOLD BUY: 2978-2982
🔰TP1: 2995
🔰TP2: 3005
🔰TP3: 3015 OPEN~
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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.
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.