Gold Trading Analysis ReferenceTechnical analysis of gold: Gold continued to fall in the US market, and the price continued to return to the low point in the morning. The rise was not continuous, and the impact of tariffs remained. In the evening, the market reported a 90-day suspension of tariffs. It can be seen that US stocks, crude oil, gold and silver all rose rapidly, and then it was confirmed to be false news, and then fell back quickly. It can be seen that as long as the impact of the tariff news does not change, all assets will continue to sell. However, the current fluctuations are too fast and the amplitude is too large. Short-term operations may not be easy to start, but the direction is still the most important, followed by the position. That is to say, gold will continue to fall sharply. Gold continued to rebound in the morning today. The rebound amplitude actually exceeded our expectations, but the recent market is actually volatile. Because the volatility is relatively large, it is reasonable to have a larger amplitude, but it increases the difficulty of operation. Gold fell back after rising again, and now it is caught in a large range of fluctuations, but it is still short overall. The rebound in the US market is still short.
The 1-hour moving average of gold continues to cross the downward short divergence, and the strength of the short position has not weakened; the rebound continues to be short. Although gold surged after filling the gap in the 1-hour, the upper shadow line came down quickly. The overall situation is still weak. In the short term, it is under pressure near 3050. The US rebound is under pressure at the 3012 resistance, so it can continue to be short. The market is changing rapidly. Although gold seems to have rebounded strongly, it eventually surged and fell back. Gold is still the home ground of the shorts. However, it is now volatile. Be patient and wait for the rebound. The amplitude of volatility should not be underestimated. However, the thinking is still to maintain a high-altitude thinking. On the whole, the short-term operation strategy for gold today is recommended to be mainly short on rebounds, supplemented by long on pullbacks. The short-term focus on the upper side is the 3012-3015 resistance line, and the short-term focus on the lower side is the 2950-2956 support line.
Short order strategy:
Strategy 1: When gold rebounds around 3012-3015, short sell (buy short) in batches, 20% of the position, stop loss 6 points, target around 2980-2970, break to 2956
Strategy 2: When gold falls back to around 2953-2956, buy two-tenths of the position in batches, stop loss 6 points, target around 2970-2980, break through to 3000