Gold trading zones: 03-APRIL-2025Today's Gold trading zones: For educational purposes only. Use at your own risk.
Xauusdlong
Gold (XAUUSD) Buy Opportunity with Target at 3,138This 1-hour gold chart (XAUUSD) shows a possible buying opportunity around the support zone. The price has rejected this level three times, indicating strong support. The price action suggests a rounding bottom formation, with a potential upside move toward the resistance zone near 3,138. A breakout above this resistance could push the price higher, possibly testing the weekly high. However, if the support fails, a downside move could follow. Keep an eye on volume and confirmation signals before entering a trade.
Take Profit Levels:
TP1: 3,125 (minor resistance and reaction zone).
TP2: 3,138 (main resistance target).
TP3: 3,150+ (weekly high if momentum continues).
Always monitor price action and volume confirmation for validation.
The tariff hammer helps bulls rise stronglyTechnical analysis of gold: Affected by fundamentals, gold rose sharply again. The daily line finally closed in the positive zone and maintained a strong high at the opening. Pay attention to the upper and lower support of 3148 during the day. If it holds, it will have the momentum to continue to rise. The 4H cycle will strongly break through the upper Bollinger Band. , moving higher around the moving average support, there is no doubt that it is strongly bullish. At the same time, the middle rail has recovered, and the middle rail is still a key watershed. The lower support is around 3148 and 3138. We will go long according to the strength of the decline during the day, and then gradually look at 3170 and 3200!
Operation suggestion: Gold is long near 3138-40, stop loss at 3130, and look at 3150 and 3170!
Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions. Operate according to your own operation plan. Market information is complicated and blindly following the trend is easy to fall into the dilemma of chasing ups and downs.
2. The market is changing rapidly. There is no general who always wins in this market. Therefore, it is important for us to make corresponding adjustments according to market changes. We must do a good job of protection. There will always be some ups and downs in the market, but there will be a rainbow after the rain. We must not forget our original intention and forge ahead.
The long-short sweep may still explodeThe tariffs were also successfully implemented. In response, the market bulls and bears also responded strongly. After all, the 3105-3142 area rose and fell in seconds, which was a terrifying market. Of course, to be honest, this wave of turbulence was mostly caused by institutions. After all, the market smashing was also extremely strong. However, I don’t agree with the impact of the tariffs implemented last night. First of all, looking back at the market situation, Trump said that tariffs would be imposed on many countries, which actually meant a 20% retaliatory tariff on the European Union. As for some other countries, only a 10% general levy was implemented, which relatively resulted in an unequal tariff situation. Of course, Trump also reiterated that Canada and Mexico still have tariff exemptions in a limited range of goods. So what impact will this situation have on the bulls and bears of gold? To be honest, personally, I have undoubtedly overestimated the announcement of this tariff. In other words, the implementation of this tariff is a bit insufficient in my eyes. After all, I expected that Trump would make major changes in his previous speech. As a result, it is a significant reduction compared to his previous years in office. This has also limited the outbreak of risk aversion. Of course, trade risks definitely exist, but through the matter of adding Mexico, this is completely negotiable. For this tariff event, I don’t think there is a big risk stimulus. Of course, the key is to see whether the market buys it. If the market thinks it will stimulate long-term risk aversion, then it will inevitably be pushed up by buying. However, the intensity of yesterday’s tariffs was not strong in my opinion. This may also limit the outbreak of longs to a certain extent. After all, the market’s expectations for it were too strong in the early stage, which also led to the early rise of longs, which also included the digestion of news. For this, you still need to be cautious.
Then looking back at the current market, the tariffs have been implemented, and in a blink of an eye, we will also welcome the announcement of non-agricultural data. As far as the current market is concerned, the various US economic data have also improved relatively. After all, the substantial growth of ADP has undoubtedly dispelled the rumors of economic downturn. After all, the warming of the labor market undoubtedly reflects the warming of the US economy. Under the influence of tariffs, it has indeed boosted the US economy. Of course, the impact of the data is not just that. The current remarks about the slowdown in inflation are self-defeating. Due to the implementation of tariffs, inflation is likely to rise further. This directly hits the Fed's expectations of a rate cut, and the warming of the labor market has further limited the possibility of the Fed implementing a rate cut. In this regard, no matter what the final result of the market outlook is, based on the current situation, I personally think that it is really difficult for the Fed to implement a rate cut this year, which has also led to a reduction in the momentum of gold bulls. Moreover, if this situation continues, the Fed does not rule out the possibility of being forced to implement a rate hike. Although Trump is also calling on the Fed to cut interest rates, the fact is that it cannot be implemented at present, unless the US talks with other countries again during this period to discuss a reduction, as it did with Canada and Mexico. Otherwise, as time goes by, as the tariff issue intensifies, inflation will be restricted, thus affecting the implementation of the Fed's policy. At this time, you can pay more attention to the market dynamics.
So for today, although gold is currently stimulated to rise, I don't quite agree with the emergence of new highs for gold bulls. To put it bluntly, for now, even if a new high appears, gold breaks through 3160, which is more of a possibility of inducing more. I am not saying that I am blindly bearish, but you have actually seen that gold is blocked at a high level, and the momentum of falling back is also extremely strong, especially gold started three consecutive positives last Friday, and as of Tuesday this week, it stopped falling near the highest point of 3149. The bull outbreak is already facing exhaustion. Even if the bulls rise again today, where can they rise, to 3200? Then what? You should know that it is cold at the top. Unless there is absolute bullish momentum to support gold to continue to rise, there will be a peak at any time. The short space is still large, just waiting for an opportunity. In particular, the sharp increase in ADP has led to the market betting on the negative non-agricultural data. Once gold is blocked from rising, it will inevitably collapse in an instant. Especially when this kind of news stimulates gold to rise, retail investors in the market will not consider its fundamentals. They will only think that interest rate cuts are absolutely good for bulls and the implementation of tariffs is absolutely good for bulls, which will lead to buying. This is also a chance for institutions to snipe bulls. For this, for today and tomorrow, even if gold breaks a new high, you should not blindly follow the trend. Remember to guard against the possibility of a resurgence of shorts. In this regard, I personally prefer the possibility of shorts looking back at the possibility of breaking 3100 and falling to 3080-3050. You can be cautious about this.
As for today's opening, gold opened high at 3141, and encountered a flash crash at 3128 at the opening, and then rebounded to 3139 and then flash crashed to 3123. This performance can be said to be extremely strong. In this case, I certainly cannot notify the operation. After all, the fluctuation is too fast. With a quote every second, even if you give an order, you may not be able to enter the market in time. For this, you still need to wait for the market to calm down. As for today's market, the fluctuation may be relatively strong. You can wait and see and be cautious. As for the specific operation details, I will give them in real time. Remember to strictly follow my requirements to control the position and stop loss.
Gold Market and the Impact of Trump’s Tariff PolicyGold prices hit a new all-time high as investors seek safe haven assets amid growing uncertainty in the global economy. After several rounds of market turmoil, investors have recovered somewhat in Asian markets this week. In the coming week, the focus will be on the reciprocal tariff plan that Trump will announce on April 2. If Trump decides to take tough measures and implement high tariffs across the board, it may have a big impact on the market. However, if there is some relaxation of tariff policies, such as tax exemptions for specific countries, then the market may have a chance to rebound.
Trump was proud of Wall Street's record highs during his first term, but now seems to be less concerned about the stock market and more focused on the adjustment of overall economic policies. I think this may be the time to make structural changes to the US economy, although these adjustments may bring challenges in the short term, but the hope is that the economy will recover before the mid-term elections next year.
In addition, Asian stock markets have also been affected by volatility, especially the automotive industries in Japan and South Korea are under pressure. The automotive manufacturing industries in these countries face the challenge of change due to the upcoming 25% tariffs. Investors are full of doubts about Trump's tariff policy, and market sentiment is cautious, and all parties are waiting for the policy announcement on April 2.
In short, although the market has rebounded in the short term, future trends still need to focus on Trump’s tariff decisions and their potential impact on the global economy.
Gold fluctuates sideways at a high level and seesaws!The 1-hour moving average of gold has gradually begun to show signs of turning around. The 1-hour moving average of gold is also a head and shoulders top pattern. Even if it pulls back and forth again, gold will continue to fluctuate in a large range. There will be more data in the second half of this week, and there will also be important event news. Therefore, gold still needs to wait for news or data to let gold go out in a new round of direction. Gold did not break through the intraday high, so our US market will continue to be high and empty.
Today's gold short-term operation ideas suggest that rebounding is the main focus, and callbacks are supplemented by longs. The upper short-term focus is on the first-line resistance of 3138-3140, and the lower short-term focus is on the 3100-3110 first-line support.
Short position strategy:
Strategy 1: Short 20% of the position in batches when gold rebounds to around 3138-3140, stop loss 6 points, target around 3120-3110, break to see 3100 line;
Long position strategy:
Strategy 2: Long 20% of the position in batches when gold pulls back to around 3100-3103, stop loss 6 points, target around 3110-3120, break to see 3130 line;
Gold suppresses the fall and shorts make big profitsYesterday, gold fell under pressure at 3150 and then tested the 3100 mark again in the evening, breaking the previous trend line that had been rising for several days. The market gradually slowed down from strong bullish trend, and the daily line turned negative.
Don’t expect the market to turn to bearish and fall sharply at this point. The long-short conversion needs time to brew, and now it is still a bullish trend, so the probability of forming a volatile trend here is relatively high, with a range of 3138-3100. Only when it breaks below 3100 can we see the market turning to bearish.
If the daily line is just a single negative correction, it will not change the overall upward trend. It depends on whether it can continue to close negative today.
If the European session suppresses the decline and weakens, then the third test of 3100 may break.
If the European session continues to strengthen and break through 3138, it will also hit the high point of 3148-3149
What impact will the implementation of gold tariffs have?As expected, gold fell below yesterday's low of 3124 support and came all the way to 3100. I have been emphasizing that gold will have a large retracement, but the current decline is far from enough and gold will continue to decline. The 1-hour moving average of gold has begun to turn downward, and gold may open up room for decline. The 1-hour gold moving average has now formed a head and shoulders top structure. The rebound will continue to be short. The market has weakened. Gold has tested the 3100 mark for the first time and has not yet broken it, but the direction of the market has turned short. If it does not break the first time, I believe there will be a second test in the future. Then the bearish situation has been finalized, and long positions have to be put aside for now, because it is a bearish market now. Gold can continue to be short after the rebound. Pay attention to the upper pressure level of 3128, and you can go short directly after it rebounds!
Today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 3138-3130 line of resistance, and the short-term focus on the lower side is the 3100-3083 line of support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3128-3130, stop loss 6 points, target around 3110-3100, break to see 3085 line;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3083-3085, stop loss 6 points, target around 3100-3110, break to see 3120 line;
Trade Idea: XAUUSD (Gold 15m Chart)Trade Idea: XAUUSD (Gold 15m Chart)
Price is holding above the short-term FVG and showing bullish intent after reacting from a higher timeframe zone. A continuation move is likely if this zone holds, targeting the next premium zone above.
Bias: Bullish
Context: Market structure is bullish; price is building a base for a potential expansion toward the upper inefficiency. A clean liquidity run is expected toward the premium zone.
Wait for confirmation before entry. Trade with proper risk management.
Regional shocks, friends holding positions should pay attention!Technical analysis of gold: Gold first rose and then fell, but the subsequent rebound was indeed quite strong, exceeding our expectations. Gold fell into a large range of fluctuations, which added a certain degree of difficulty to the operation. Although gold rebounded beyond expectations, it still did not break through today's high point, so it is still under pressure in the range of the head and shoulders top pattern. At most, it is still a shock, and there is no need to think about whether it will rise sharply.
The 1-hour moving average of gold has gradually begun to show signs of turning, and the 1-hour gold is also a head and shoulders top pattern. Even if it is pulled back and forth again, gold will continue to fluctuate in a large range. There are more data in the second half of this week, and there are also important events. So gold still needs to wait for news or data to let gold go out of a new round of direction. If gold does not break through the intraday high, we will continue to focus on high altitude. Retracement is supplemented by long positions.
Gold operation strategy: short gold when it rebounds to 3130-3035, stop loss at 3140, target 3120-3110; long gold when it falls back to 3110-3100, target 3120-3130.
Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions, operate according to your own operation plan. Market information is complicated and blindly following the trend can easily lead to the dilemma of chasing ups and downs.
2. In gold trading, we will continue to pay attention to news and technical changes, inform us in time if there are any changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
Online real-time guidance on gold trendsGold went up in the early trading, but the price fell again after rising to 3135. The fluctuation range of European trading narrowed. ADP employment data exceeded expectations. The market failed to break out of the trend. The current market is in the range of 3135-3109. The market is waiting for the details of the reciprocal tariffs and industry-specific tariffs to be announced at 3 am. The tariff policy announced by Trump is expected to have an adverse impact on the global economy, especially the United States. The current structure of gold is still bullish. After the correction, continue to go long at the key support level.
At the 4-hour level, the current market is shrinking and oscillating at a high level. The K-line is running above the middle track, and the oscillating and strong trend is maintained above the middle track. Focus on the 3100 support break. Only when it breaks below 3100 will the downward space be opened. There can be more at 3080-3060 below, and only when it stands above 3135 can it further hit a new high. Before the data, continue to see range oscillation, the small range is 3110-3135, and the large range is 3100-3150. In the short term, you can quickly enter and exit in the small range with high altitude and low long.
Tariff highlights, gold price up or down ?⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) find support from dip-buyers during the Asian session on Wednesday, pausing the previous day’s pullback from a fresh record high. Investors continue to seek shelter in safe-haven assets amid uncertainty surrounding US President Donald Trump’s sweeping reciprocal tariffs and their potential repercussions on the global economy.
Additionally, escalating geopolitical tensions provide further support for bullion. Mounting concerns over a potential US recession, coupled with growing expectations of additional Federal Reserve (Fed) rate cuts, fuel demand for the non-yielding yellow metal.
⭐️Personal comments NOVA:
Gold price is still in a very stable uptrend, market tariff information waiting for the next price increase fomo
⭐️SET UP GOLD PRICE:
🔥 ATH : SELL 3173 - 3175 SL 3180
TP: 3165 - 3150 - 3140
🔥BUY GOLD zone: $3058 - $3060 SL $3053
TP1: $3070
TP2: $3080
TP3: $3090
🔥BUY GOLD zone: $3106 - $3108 SL $3103 scalping
TP1: $3113
TP2: $3118
TP3: $3125
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold (XAU/USD) Bullish Breakout: Next Target $3,181?"Key Observations:
Current Price: Gold is trading at $3,127.450 at the time of the chart.
Trend: The chart exhibits a strong uptrend, with higher highs and higher lows.
Support Levels: Several support levels are marked in the $3,010 - $2,999 range, extending down to around $2,906.
Resistance and Target:
The immediate price range is highlighted, suggesting possible consolidation.
A breakout above this range could lead to a target around $3,181.
Chart Annotations:
A retracement (red structure) indicates a short-term correction before continuation.
A breakout structure (black lines) suggests a previous significant upward movement.
The range and possible continuation are marked, indicating that the price may consolidate before attempting to reach the target.
Trading Perspective:
If price holds above the range, we may see bullish continuation towards $3,181.
A break below support levels could signal a deeper pullback towards $3,010 or lower.
This chart suggests a bullish outlook, with potential for more upside if momentum continues. Traders might look for confirmations before entering long positions.
Gold market trend analysisGold risk aversion pushed up gold prices, but the bulls failed to continue, and gold prices fell after rising. From a technical perspective, the 4-hour gold price remained above the moving average, and the bullish trend remained unchanged. Structurally, the rise in gold prices was symmetrical in time and space, and the early decline was in line with expectations. The hourly chart showed a weak bearish signal and diverged. The upper resistance is currently at 3137-3141, and the lower support is at 3111-3106. In terms of operation, I suggest that the callback is mainly long, and the rebound is supplemented by high short.
Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3092, and the target is 3130-3150.
Operation strategy 2: It is recommended to sell at 3139-3144, stop loss at 3150, and the target is 3120-3105.
What impact will the implementation of gold tariffs have?As expected, gold fell below yesterday's low of 3124 support and came all the way to 3100. I have been emphasizing that gold will have a large retracement, but the current decline is far from enough and gold will continue to decline. The 1-hour moving average of gold has begun to turn downward, and gold may open up room for decline. The 1-hour gold moving average has now formed a head and shoulders top structure. The rebound will continue to be short. The market has weakened. Gold has tested the 3100 mark for the first time and has not yet broken it, but the direction of the market has turned short. If it does not break the first time, I believe there will be a second test in the future. Then the bearish situation has been finalized, and long positions have to be put aside for now, because it is a bearish market now. Gold can continue to be short after the rebound. Pay attention to the upper pressure level of 3128, and you can go short directly after it rebounds!
Today's short-term operation strategy for gold is to short on rebounds and long on pullbacks. The short-term focus on the upper side is the 3138-3130 line of resistance, and the short-term focus on the lower side is the 3100-3083 line of support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3128-3130, stop loss 6 points, target around 3110-3100, break to see 3085 line;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3083-3085, stop loss 6 points, target around 3100-3110, break to see 3120 line;
Gold is expected to strengthen further before non-farm payrollsIn today's short-term operation of gold, it is recommended to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus is on the first-line resistance of 3150-3160, and the bottom short-term focus is on the first-line support of 3110-3120. All friends must keep up with the rhythm.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3150-3155, stop loss at 3162, target around 3135-3130, and look at the 3125 line if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3125-3128, stop loss at 3090, target around 3140-3150, and look at the 3155 line if it breaks;
Gold continues to hit new highsFundamentally, although the tension between Russia and Ukraine has eased, it has not ended peacefully. There is still a certain degree of uncertainty and temporary stability. In addition, the situation in the Middle East is also intensifying. Trump also threatened to bomb Iran this week, which has increased the risk aversion of the market's geopolitical situation. In terms of US tariffs, Trump's tariff policy is still continuing. The reciprocal tariffs to be announced in the Rose Garden of the White House on April 2 will also put global economic trade at risk. Its uncertainty has made the market wait and see, and more inclined to safe-haven gold. Although Fed officials said that there is no stagflation in the economy and the expectation of interest rate cuts has weakened, as long as it does not turn to interest rate hikes, even if inflation strengthens, it will boost the commodity attributes of gold and support the strengthening of gold prices. In addition, major banks around the world have raised their gold price forecasts, and strong capital inflows from gold-backed ETFs, etc., will become the main factors supporting gold prices.
On the whole, today's short-term operation of gold recommends focusing on callbacks and shortings, with the upper short-term focus on the first-line resistance of 3138-3143, and the lower short-term focus on the first-line support of 3110-3105.
Is gold accelerating towards its peak?Today, the European and American markets focus on the breakout of 3127-30. If the European market fails to break higher, then this point may become a short-term high point. It is best to go long when it falls back to around 3100-02. It is still possible to go short if it falls back to 3102 and then rebounds to 3125-27. Finally, I would like to advise retail investors that when the market fluctuates violently, if you cannot control yourself and go with the trend, then going short may be the best choice. It is better not to do it than to make a mistake! Watching more and doing less is also a suitable strategy.
In today's short-term operation of gold, it is recommended to focus on longs on callbacks, supplemented by shorts on rebounds. The top short-term focus is on the first-line resistance of 3128-3130, and the bottom short-term focus is on the first-line support of 3100-3097.
The bull's charge trumpet was successfully soundedFrom the 4-hour analysis, the support below is around 3100-06, with a focus on the support line of 3086-94 below, and the short-term pressure above is 3127-3130. Keep the main tone of participation in the idea of buying on pullbacks unchanged. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for the shutdown point to enter the market.
Gold operation strategy:
1. Gold retreats to the 3100-3106 line for more, and retreats to the 3086-3094 line to cover more positions. The stop loss is 3079, and the target is the 3125-3130 line. If the position is broken, continue to hold;
Gold - Looking To Buy Dips In The Short TermH1 - Bullish trend pattern in the form of higher highs, higher lows structure
Strong bullish momentum
Expecting retraces and further continuation higher until the two Fibonacci support zones hold.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Beware of gold tariff changes! Intraday Gold Trading Buckle UpGold news: In the early Asian session on Wednesday (April 2), spot gold fluctuated in a narrow range and is currently trading around $3114.90/ounce. Gold prices rose and fell on Tuesday. Spot gold rose to around the 3150 mark earlier, setting a new record high of $3148.85/ounce, but then fell back due to profit-taking, closing at $3114.03/ounce, down about 0.3%. US President Trump plans to announce comprehensive tariffs on countries with trade imbalances with the United States on April 2, which has spawned a large number of safe-haven buying, helping gold prices to continue to rise, but near the last moment, some bulls took profits in advance. Gold has always been seen as a hedge against geopolitical and economic uncertainties. On Monday, gold closed with its strongest quarterly performance since 1986 and broke through $3,100 per ounce, becoming one of the most significant gains in the history of precious metals.
Technical analysis of gold: Gold 4-hour chart retreated to the middle track and paused for a while. Today, the battle between the high point 3148 and the 4-hour middle track will be fought. Losing the middle track will further increase the adjustment space. On the contrary, holding the middle track to recover the high point will continue the slow rise. The market outlook will continue to cooperate with the slow rise method of one step back and one turn back. That is, the repeated high-exploration and fall method. From the 1-hour chart of gold, the rising volume at the end of the wave-shaped tail is usually not sustainable, accompanied by the one-step back and one-step wash-out method. After yesterday's retreat, today's early trading rose quickly, accompanied by a big negative line in the hourly chart to retrace and correct, and stepped back to the local high of 3150. The fluctuation base is large and the adjustment space can be large or small. It is not easy to chase high at the current position. Although shorting is against the trend, the implementation of overbought tariffs on the technical level will also be realized, and the room for adjustment cannot be underestimated. We should use ultra-short-term combined with medium and long-term short-term to respond to short-term adjustments. On the whole, today's short-term operation of gold recommends shorting mainly on rebounds, supplemented by longs on callbacks. The top short-term focus is on the first-line resistance of 3138-3140, and the bottom short-term focus is on the first-line support of 3100-3083. Friends, you must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist the order operation. The specific points are mainly based on real-time intraday trading. Welcome to experience and exchange real-time market conditions. 🌐Follow real-time orders.
Gold operation strategy reference: Short order strategy: Strategy 1: Short stop loss of 6 points near 3136-3138 when gold rebounds, target around 3115-3100, break the position and look at 3085 line;
Long order strategy: Strategy 2: Go long when gold pulls back around 3105-3095, stop loss 6 points, target around 3120-3110, and look at the 3130 line if the position is broken;
Trading discipline: 1. Don’t follow the trend blindly: Don’t be swayed by market sentiment and other people’s opinions, and operate according to your own operation plan. The market information is complicated and complex, and blindly following the trend can easily lead to the dilemma of chasing ups and downs.
2. In gold trading, we will continue to pay attention to news and technical changes, notify you in time if there are any changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
GOLD: May fall below 3100So far, gold has continued to fluctuate in the 3110-3136 range. Although the candle chart has many long lower shadows, the high point is moving down. If this trend is not broken, the probability of falling below 3100 today is very high, so when trading, everyone must be cautious. Personally, I suggest selling as the main method.
Gold market analysis strategyTechnical analysis of gold: From the market point of view, the trend has not changed. The negative line of the upper shadow of the single K line in the daily chart appears at a high level, which is a turning point. Whether a reversal can occur today will verify the validity of this K line. This wave of rise is caused by fundamentals and the atmosphere of the entire market. However, there is never a market that only rises and never falls. In other words, we do not go to dead short or dead long. Shorts only enter the market at important points. From a structural point of view, the rise has entered a symmetrical space in terms of time and span. It fell below the upper line in four hours, and the early high and fall were the same as expected. The structure has become weak short. The hourly chart is close to the upper line area and is currently running in a divergence, so the overall European market is still high and unchanged. It seems that gold bulls have not been able to go to a higher level with the support of the news, so gold bears may have opportunities at any time; gold is directly short at the current price of 3128 in the afternoon!
Gold fell below yesterday's low of 3124 support as expected, and came all the way to 3100. I have been emphasizing that gold will have a big retracement, but the current decline is far from enough. Gold will continue to fall. The 1-hour moving average of gold has begun to turn downward, and gold may open up room for decline. The 1-hour moving average of gold has now formed a head and shoulders top structure. Rebounds will continue to be short. The market has weakened. Gold has not yet broken through the 3100 mark for the first time, but the direction of the market has turned short. If it does not break for the first time, I believe there will be a second attempt in the future. Then the bearish situation has been finalized. Long positions must be put aside first, because it is a bearish market now. Gold rebounds and adjustments can continue to be short. Pay attention to the 3128 line of pressure above. You can go short directly when it rebounds! On the whole, today's short-term operation strategy for gold is to focus on rebound shorting and supplemented by callback long positions. The short-term focus on the upper side is the 3138-3130 line of resistance, and the short-term focus on the lower side is the 3100-3083 line of support.
Short order strategy:
Strategy 1: When gold rebounds around 3128-3130, short (buy short) 20% of the position in batches, stop loss 6 points, target around 3110-3100, break to look at 3085
Long order strategy:
Strategy 2: When gold falls back to around 3083-3085, buy (buy up) 20% of the position in batches, stop loss 6 points, target around 3100-3110, break to 3120
