Yesterday, the daily K-line closed as a shooting star Doji with a long upper shadow, confirming a wide consolidation range between 3,300 and 3,350 for gold prices. In the short term, gold stabilizing above 3,250 is expected to maintain a mildly bullish trend within the consolidation, with focus on the 3,345-3,350 resistance zone today.
From a 4-hour perspective, support lies at 3,315-3,320. On pullbacks to this level, long positions can be considered for rebound continuation, while resistance stands at 3,350. The trading strategy remains centered on "buy low, sell high" within the 3,350-3,315 range.
Critical Monitoring: Closely track the progress of Sino-US trade negotiations and today's CPI data release, as both events may exacerbate market volatility and influence short-term trend direction.
From a 4-hour perspective, support lies at 3,315-3,320. On pullbacks to this level, long positions can be considered for rebound continuation, while resistance stands at 3,350. The trading strategy remains centered on "buy low, sell high" within the 3,350-3,315 range.
Critical Monitoring: Closely track the progress of Sino-US trade negotiations and today's CPI data release, as both events may exacerbate market volatility and influence short-term trend direction.
Trade active
The sharp volatility triggered by the CPI data has gradually subsided, and the market has returned to a normalized operating rhythm. The market trend we are tracking has not seen a substantial turnaround. Even during the data-driven upward phase, we have always adhered to the established strategy without blindly chasing the rally. It is recommended to maintain the original analytical approach and follow the trading plan step by step.Trade closed: target reached
Today's market performance is highly consistent with expectations, and prices have fluctuated orderly within the 3320–3350 range throughout the day. As long as you strictly followed our signal guidance and implemented the buy-low-sell-high strategy in this range, congratulations—you have successfully reaped considerable profits. If you're unsure where to start, feel free to refer to my trading strategy.
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.
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.