Gold trend remains bullishThe investment market will not simply move in the expected direction. The road to success is tortuous. Once it goes in the opposite direction, it will lose direction and enter a cycle. The same is true for the market. The trend is certain, but it will never simply move in the predetermined direction. There will be twists and turns during the period that will shake people's hearts. At this time, you need a good attitude to face it and not be affected by the short-term trend. This is why we have been firmly laying out the bands in the early stage, and the reason for successful profits. Only by keeping the original intention can we succeed. The investment market requires concentration and perseverance, and then to reap profits!
At present, the overall rise of gold remains stable. Although the fluctuation has narrowed compared with yesterday, it has not fallen sharply after touching the previous pressure level, indicating that the support below is still effective. Although affected by the ADP data, the technical pattern still maintains a bullish idea. For prudent operations, it is recommended to maintain a low-long strategy and pay attention to the short-term support area near 3333-3328 below. After retreating to this position and stabilizing, you can continue to arrange long orders, and focus on the support area near 3325-3315. If the daily level stabilizes above this position, continue to maintain the bullish rhythm of retreating low and long and following the trend. The upward target looks at the 3355-3360 area. If this area continues to be blocked, consider light positions to arrange short orders, and the target is bearish adjustment. If the market breaks through strongly and stabilizes, it is expected to test the 3370-3380 area. The specific strategy adjustment will be prompted dynamically during the intraday according to the real-time market, and steadily follow the bullish trend to grasp the benefits.
Goldtradeidea
I have shorted gold as expected and held on patientlyEven under the influence of the ADP data, which is bullish for the gold market, gold has not effectively broken through 3350, and even showed signs of falling back after rising several times. The resistance above is becoming more and more obvious, which may further weaken the market's bullish sentiment and confidence, thereby strengthening the dominance of the bears.
Although gold has not effectively fallen yet, from the perspective of the gold structure, even if gold wants to rise, it still needs to be backtested and support confirmed before rising, and the current retracement is far from enough, so gold still has a need for structural retracement; and before the NFP market, gold rose slowly but was far from enough to break upward, and there was no volume support, so the illusion of gold rising may be to lure and capture more bulls;
Therefore, out of caution, I try to avoid chasing gold at high levels; and I believe that shorting gold is still the first choice for short-term trading at present. And I have executed short trades in the 3340-3350 area according to the trading plan, and held it patiently. I hope that gold can retreat to the 3320-3310-3300 area as expected.
How to make accurate layout during gold volatility?Gold maintained a small range of fluctuations and consolidation rhythm today. In the morning, we arranged long orders at 3330-3331 and successfully exited at 3343. Affected by the ADP data, the gold price broke through 3345 and hit 3351. We also arranged short orders in the 3350-3351 area in time and are still holding positions. The focus of the support below is 3325-3315, which is the key position today. As long as this position is maintained, the long position will rebound and rise. Otherwise, it will fall into the battle for support at 3305-3295. In terms of operation, we continue to step back and do more.
From the current analysis of gold trend, the support below focuses on 3325-3315. The main bullish trend remains unchanged. Focus on the long-short watershed position of 3305-3295. The daily level stabilizes above this position and continues to step back and do more bullish rhythm.
7.2 Technical Analysis of Gold Trading in the US MarketGold fluctuated in the range of 3326-3355 today on Wednesday. The small non-agricultural bullish gold broke through the 3345 line and hit the 3351 line, and then fluctuated back to the current 3342 to adjust the momentum of rising again. If the positive line on Wednesday closed above 3345, it will continue to rise to 3363-3370; if the negative line on the closing fell below the middle track, it will continue to fluctuate and consolidate in this range. The support of 3324 below is the key position tonight; as long as this position is maintained, the bulls will rebound and rise, otherwise they will fall into the battle for support at the 3295-3301 line.
Technical analysis:
From the 4-hour analysis, the support below is around 3324. The main bullish trend remains unchanged after the evening retracement. The important support is 3314-16, and the focus is on the long-short watershed position of 3295-3301. The daily level stabilizes above this position and continues to maintain the rhythm of retracement and bullish trend.
Gold bulls and bears compete for non-agricultural dataTechnical aspects:
Currently, gold is in a typical ascending triangle structure, reflecting that the market bullish trend has not been broken but faces strong resistance. On the daily chart, gold as a whole maintains a range of $3250 to $3400, with obvious horizontal support and resistance bands formed at both ends of the range.
The Bollinger Bands are converging as a whole, indicating that volatility is shrinking, indicating that the large-scale direction selection is approaching. The green column of the MACD indicator has narrowed slightly, and the short-term momentum is still bearish but there are signs of weakening. The RSI indicator runs around 49, maintaining a neutral and bearish state, and there is no obvious deviation in the short term, suggesting that there is still the possibility of subsequent shocks and consolidation.
Critical moment! Where will gold go?After rebounding for two consecutive days, gold prices consolidated in a narrow range in the Asian market on Wednesday, hovering below a one-week high. Although the US dollar rebounded slightly and the market's improved risk appetite suppressed safe-haven demand, the Fed's interest rate cut expectations and trade uncertainties limited the downside of gold prices. The market is waiting for the upcoming ADP and non-farm data to determine the timing of the Fed's interest rate cut. The key technical resistance is $3,358.
Gold received a positive cross in June. At present, the monthly line has an upper shadow for three consecutive trading months, and the shadow is long, indicating that the upper selling pressure is relatively large; in this way, for the future market, we are more optimistic about the highs and falls. In the recent stage, gold is not interested in US data, but Trump frequently calls for the Fed to cut interest rates, which we still need to pay attention to. The sharp rise in gold in the past two days is not unrelated to the Fed's expectation of a rate cut. On the other hand, it is also related to the market rumor that the US President Trump's tariff deadline on July 9 is also related. If the US dollar index bottoms out and rebounds, ushering in a phased upward trend; then, it is bound to suppress gold.
Short-term resistance is yesterday's high point 3350-3360 area. If it breaks above, it is expected to hit 3375-80, and further 3400 mark; before breaking above 3400 area, there is still a large sweep range. If it goes up, the bulls will have a wave of acceleration, and the upper 3425 and 3450 may even hit the historical high. For the day, the 5-day moving average 3315 area will form a strong support after breaking through. If it rebounds and rushes higher, it cannot break below. Once it breaks below, the market will continue to fall, further 3300~3295, and then 3275 and 3255~45 areas; that is, the rise on Monday and Tuesday means the end of the bulls. Therefore, in terms of operation, the short-term relies on the 3315-3325 area to support low longs, and if it rises, it will continue to short with reference to the resistance area.
Exclusive trading strategy, short gold!From the current gold structure, we can see that gold still needs to continue to retest the 3320-3310, or even the 3305-3295 area; so in the short term, we can still seize the opportunity to consider shorting gold in batches in the 3340-3360 area.
Trading signal:
@3340-3360 Sell, TP:3325-3315-3305
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Gold may need to retreat to around 3300 againYesterday, the gold rebound stopped at around 3358, and then began to retreat. After that, it even failed to stand above 3350 during the rebound process, which to a certain extent hit the confidence of the bulls;
At present, gold has retreated to the area near 3330 again. Although gold has fallen slowly, the center of gravity of gold is still shifting downward in the short term, and the trading volume of gold is gradually increasing when it is falling, so I think the short position may not be over, and the 3330 area may be broken at any time; and the support area that really deserves our attention is first the 3320-3315 area, followed by the 3300-3295 area;
From the current gold structure, I think gold may still test the area near 3300 again before rising. Only after gold retreats to the area near 3300, it is possible to build an A-B-C head and shoulders bottom structure at the technical level (as shown in the figure), which can also help gold build a complete and effective rising structure, so gold has the need to retreat to the area near 3300 to build a right shoulder structure.
Therefore, I think shorting gold is still the first choice for short-term trading at present; you can consider shorting gold in the 3335-3355 area, looking at the target area of 3320-3310-3300.
The idea is clear, gold falls as expected!The gold market is just as I predicted. I have repeatedly warned everyone not to chase the 3350-3355 line. The technical side needs to step back. Now, it just proves the idea I gave. After gold hit the highest line of 3358, it stepped back to the 3337 line and started to fluctuate. Our 3355 short order plan successfully touched 3340 to stop profit and exit. From the current gold trend, it should fluctuate like this before closing. After the opening, we will step back and go long as planned. Focus on the 3330-3335 line below. If it does not break, we can consider going long.
From the current gold trend analysis, pay attention to the 3360-3370 line of pressure on the top, and the short-term support on the bottom is around 3330-3335. Focus on the key support at 3315-3325. Relying on this range as a whole, maintain the main tone of low-long participation unchanged, wait for the pullback to confirm the support and then intervene when the opportunity arises. In the middle position, keep watching and do less, chase orders cautiously, and wait for the entry opportunity after the key points are in place.
Gold operation suggestion: go long around 3315-3325, target 3340-3350.
Gold may collapse again, don't get buried in it!In the past two trading days, gold began to rebound from a low of around 3245, and has now rebounded to around 3358, with a rebound of up to $113. Moreover, there has been no significant retracement during this rebound, indicating that gold has little intention to fall, and may even continue to rise.
But for me, gold rebounded from 3245. Even if a double bottom structure with 3275 as the secondary low was constructed on the technical level, it should not be enough for gold to rebound more than $113 in just two days as it fell below many supports in the early stage and bullish confidence suffered a serious blow. Moreover, it happened before the uncertain news of the NFP market.
So I have to consider that the market did it deliberately, and its primary purpose was to kill a large number of short chips in the market and lure more attracted long chips; secondly, the sharp rise before the NFP market may be to reserve room for the NFP market to fall in advance; in addition, I have to consider that the US dollar has fallen to a three-year low. If it continues to fall, there may be a global crisis of confidence in the US dollar, and the oversold rebound demand for the US dollar will also suppress gold.
Therefore, I still will not advocate chasing the rise of gold for the time being; on the contrary, I will actively seek opportunities to short gold in the 3350-3370 area; and once gold turns to a downward trend again, it may at least test the 3325-3315-3305 area downward in the short term.
7.2 Gold price continues to fluctuate! Non-agricultural positionGold is still temporarily maintaining a wide range of fluctuations in the daily trend, and the price is temporarily under pressure around 3360. In the 4-hour level trend, after continuous high-level narrow fluctuations, the technical pattern has begun to weaken. The short-term moving average has gradually flattened from the previous upward divergence. After the continuous small-scale high-rise and fall back, the upward momentum in the short-term trend is insufficient. In the hourly level trend, the current running space is very compressed, but in the small-level cycle trend, after continuous fluctuations, the technical pattern has begun to weaken. The price has begun to slowly move out of the narrow range of fluctuations. Pay attention to the short-term adjustment and repair.
Short gold, it may retreat again after reaching 3340-3350Although the rebound in gold has exceeded my expectations to a certain extent, it is obviously not a good time to chase the rise in gold. The gold rebound mainly benefits from Trump's repeated requests for the Federal Reserve to cut interest rates, which has led to the continued weakness of the US dollar. In fact, we can clearly see that the gold rebound is not supported by trading volume, and the rebound without volume may face the risk of collapse again at any time. So I don't advocate chasing long gold at present.
Currently, gold has rebounded to around 3339, almost recovering most of the losses in the previous downward wave (the starting point of the previous wave was 3350), but gold is still under pressure in the 3340-3350-3355 area. In the absence of volume support, gold may fall again after touching this resistance area.
Therefore, shorting gold is still the first choice for short-term trading at present; at least make sure not to chase high!
You can consider shorting gold with the 3340-3350-3355 area as resistance, and look at the target: 3320-3310-3300
Short-term opportunities are imminent.Gold prices have continued to rebound recently and have reached around 3358, but there is a lack of effective retracement during the rise, and the risk of short-term chasing has increased significantly. From a technical perspective, the US dollar index has a demand for a corrective rebound after a rapid decline, and it is expected to form a significant suppression on gold in the short term, limiting the rebound space of gold prices. From a capital perspective, the previous high-level long chips have gradually been untied and started to leave the market with profits, and selling pressure has gradually emerged; short positions may be re-arranged after completing concentrated stop losses, and the market structure is quietly changing.
Based on the above factors, it is recommended that traders remain patient and continue to hold short positions, focusing on the support of the 3335-3325 area. Be sure to control your position during the operation, strictly set stop losses, and avoid the high risks brought by chasing the rise. The core of trading is to follow the trend, respect the market rhythm, and wait for the adjustment to be confirmed before intervening.
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7.1 Technical guidance for short-term gold analysis!!!Gold hourly level: From the opening to now, it has been rising slowly with a small negative in the middle. It is all positive. This kind of pull-up pattern must not be tested for shorting. During the European session, it also broke through the upper rail resistance of the 3335 downward channel. There is a second pull-up in the US session; but it has not been able to step back, and even the 10-day moving average does not give a chance. If you want to step back and follow the long position, there is no chance for the time being, and going long directly seems more radical; conservative can wait patiently, be bullish, and don't go short; if it can be confirmed tonight that it is above 3335, you can try to follow the bullish trend, and the upper resistance target is 3374;
The bearish trend is confirmed, it’s time to participate.Gold overnight short orders have been stopped at a loss, because it broke through the key pressure of 3325. However, we must grasp the trend of the market, adhere to the idea of technical analysis as the main and news as the auxiliary, and make a comprehensive judgment. Don't be at a loss about the market analysis because of the stop loss. There is nothing wrong with waiting for the market to step back and do more, but the market does not give opportunities, but forces you to chase the rise. Of course, from the perspective of risk ratio, high altitude is definitely more stable than chasing more.
From the current gold trend analysis, the focus on the upper side is the 3340-3350 line of pressure, the short-term support on the lower side is around 3310-3320, and the key support on the 3295-3301 line is focused. Relying on this range as a whole, the main tone of high-altitude and low-multiple participation remains unchanged. In the middle position, it is recommended to wait and see, chase orders cautiously, and wait patiently for key points to enter the market.
Operation strategy 1: Short gold near 3340-3350, target 3325-3315.
Operation strategy 2: Go long on gold around 3310-3320, target 3330-3340.
7.2 Gold bulls continue to rise, bears come to an end temporarilFrom the 4-hour analysis, the upper focus is on the 3345 line of suppression, the lower short-term support focuses on the 3314-3316 line, and the key support of 3295-3301 line is focused on. The overall support is based on this range to maintain the main tone of low-multiple participation. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Gold 3316-24 line long, retrace to 3295-3303 line to add more positions, stop loss 3293, target 3340-45 line, continue to hold if broken;
Seize the opportunity to short gold!Last week, we mentioned that if gold continues to fall, it will go to around 3245-3250. This position is 618 of the retracement from 3120 to 3450, and it is also the previous rising point. After the opening, it tested this position as expected and rebounded. If it continues to break down, it will gradually go to around 3225 and 3204. Last Friday, it opened weak and eventually fell to 3255. Although it rebounded at the end of the session, it was not enough to change the weak pattern. Today, we will focus on the rebound strength. The pressure is at 3291 and 3301. Short according to the rebound strength, and look at the 3245 support below. If it does not break, consider going long.
Gold operation suggestion: short around 3291-3001, target 3370-3360.
It’s the right time to make a golden layout!Gold opened at 3328 today and started the downward mode. After the European session, it continued to fall and broke the new low. The negative opening data of the US session also continued the downward mode. So far, it has reached the lowest point of 3255 and rebounded, but the strength is not very strong. After all, the upper pressure is still very strong. In the short term, we pay attention to the previous low point of 3295-3300, and focus on the upper 3305-3311. Today, the short-term operation of gold is mainly short-selling on rebounds, and long-selling on callbacks is supplemented.
From the 4-hour analysis, the upper short-term resistance is around 3295-3300, with focus on the important suppression at 3305-3311. The rebound will continue to be mainly short and look to fall back. The lower short-term support is around 3255-3245. Relying on this range as a whole, the main tone of high-altitude and low-multiple participation remains unchanged.
Gold operation strategy:
1. Short-selling in batches near the rebound of gold near 3295-3310, with a target of 3380-3370.
2. When gold falls back to around 3345-3455, go long in batches, with the target at 3370-3380.
Where will gold go?In 4 hours, it has fallen below the previous low of 3295, and will continue to fall. There are two supports below, namely 3280 and 3265. Don't expect a big rebound before going short in a negative market. If the rebound is large, it will not fall. This kind of negative decline is generally judged by the 15- and 30-minute patterns. When resistance appears in the big cycle, the market has actually fallen a lot.
Today, I think the pressure is mainly in the 3300 and 3310 areas. 3310 can be considered as the pressure of the top and bottom conversion. Pay attention to 3280 and 3265 below. If you consider going long, these two positions are the main positions. For the time being, the general direction is mainly short.
There are opportunities for both bulls and bears in gold!Gold fell back and closed lower yesterday. The daily line closed with a negative cross overnight. The overall market has not changed much. The short-term repeated tug-of-war is temporarily consolidating. Today is the closing of the weekly line, and we will continue to maintain the volatile thinking. In the 4H cycle, the Bollinger Bands closed, temporarily exerting pressure on the middle track. After rebounding to 3350 yesterday, it failed to continue and remained in a weak shock pattern. Therefore, today's operation is mainly short and supplemented by long. The upper pressure is at 3328 and 3336. Short according to the rebound strength, pay attention to the rise and fall of 3310 below. A breakthrough may see the previous low of 3295. If the support is not broken, you can consider going long.🔔For more specific operation details and strategy updates, please pay attention to the notification 🌐 at the bottom.
Gold operation suggestion: short gold around 3328-3338, target 3315-3310.
Gold shorting opportunity not to be missedGold hit the key resistance of 3350 and then fell under pressure, reaching a low of 3309, and was temporarily supported by the low point on Wednesday. The intraday showed a pattern of rapid decline after a volatile rise, highlighting the long-short tug-of-war pattern. The hourly line fell again after a pullback to 3328, indicating that there is still room for short-term retracement. The current operation needs to focus on key points: short orders can be entered again near the pullback of 3328-3335. If the market continues to decline, focus on the support range of 3300-3290, and long orders can be arranged if it stabilizes. The overall idea of oscillation is maintained. Before effectively breaking through 3350 or losing 3290, high-altitude and low-long are still the main strategy.
Gold recommendation: short near 3328-3335, target 3315-3305
Seize the rebound opportunity and prepare to short goldGold continued to rebound as expected and has now extended to above 3340. In the short term, it tends to fluctuate and rise. In the previous trading idea overnight, I emphasized that everyone should not take the risk of shorting gold near 3330. Now it seems that this reminder is completely necessary. Although gold continues to rebound, the overall performance of the bulls is still not strong, and the upper side is still under pressure in the 3350-3360-3370 area. So I still advocate that you can consider shorting gold in the 3350-3360 area after the rebound.
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Gold rebound is blocked and high-altitude strategy continuesGold continued its bullish correction yesterday, reaching 3336 in the European session, and continued to retreat in the US session, reaching a low of around 3312 before temporarily stopping, and started a second pullback correction, and finally closed around 3332. Today, it opened at 3333, rebounded to 3340, and then entered a shock consolidation. Currently, the upper side focuses on the suppression of the 3342-3350 area. If the price cannot effectively break through and stand firm in this area, gold still has room for further retracement. In terms of operation, it will continue to rely on this suppression range to maintain a high-altitude thinking during the day, and follow the trend to see a decline. The recent market trends are basically the same, bottoming out and rebounding. In terms of strategy, keep a sense of rhythm and mainly short at highs.For more specific operation points, please pay attention to the notification at the bottom🌐.