Technical analysis
Trend judgment: Gold surged and then fell, reaching a high of 3148 before adjusting under pressure, and entered a short-term correction cycle. 2-hour chart: Moving average dead cross, MACD dead cross with large volume, Bollinger band closing, indicating that bullish momentum is weakening. 1-hour chart: After a surge, it fell back quickly and failed to set a new high. The short-term stagflation signal is obvious.
Key point breakthrough:
Falling below the 3120 watershed, confirming the start of short-term adjustment, pay attention to the 3080-3083 support below.
If the rebound does not break the 3124-3130 resistance, maintain a bearish mindset.
4.2 Gold operation strategy:
Short order strategy (main idea)
Entry point: 3120-3124 empty in batches
Stop Loss: 3126 (6 pips)
Target: 3105 → 3095 → 3085 (step profit taking)
Multi-order strategy (sub-idea)
Entry point: 3083-3085 Multiple batches
Stop Loss: 3079 (6 pips)
Target: 3100 → 3110 → 3120 (step profit taking)
Key reminder
Short-term trend: In the adjustment stage, the rebound is mainly short-selling, and the callback can be short-term and long-selling after stabilizing.
Risk Control:
Strictly stop the loss at 6 points to avoid resisting orders.
Position control within 5% to prevent sudden fluctuations.
Market observation:
If it falls below 3080 strongly, it may further drop to 3060.
If it breaks through 3130 unexpectedly, it is necessary to re-evaluate whether to stop loss on short orders.
Trade with caution and strictly follow the rules!
Trade active
Analysis of the latest gold trend on 4.2
US President Trump plans to announce on April 2 that he will impose comprehensive tariffs on countries with trade imbalances with the United States, which has spawned a large amount of safe-haven buying, helping gold prices to continue to rise, but near the last moment, some bulls took profits in advance.
On the daily level, gold started the downward adjustment mode on Tuesday, breaking the previous continuous rise in one fell swoop. However, the current moving average system still maintains an upward divergent trend. Today, the focus is on whether the market decline is sustainable. First of all, we need to pay attention to the support effect of the short-term moving average MA5. The current position of the moving average is roughly around 3098, which is very close to the low point of 3100 yesterday. If this support level can be maintained, gold can still be regarded as a strong pattern in the short term.
The 4-hour level trend is temporarily maintained in a high range of oscillation repair. At present, the short-term moving average is basically in a state of adhesion and flatness, and it tends to continue to maintain a high-level oscillation repair trend during the day. Gold's 1-hour moving average is still a golden cross with upward bullish arrangement. Although gold has fallen below the moving average support, the strength of gold bulls to bottom out and rebound is still relatively strong. In addition, with the support of gold's safe haven, gold bulls are still better. As long as it does not break 3100, it will continue to be bullish. Intraday operations will continue to be bullish. Intraday support will focus on the gains and losses of yesterday's low of 3100. In the short term, focus on the resistance of 3140-3150.
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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.