Latest market trend analysisThe current trend of gold is complex, affected by multiple factors. The radical tariff policy has made many countries concerned about trade retaliation, which highlights the strong position of the United States as an important buyer market in the world, and has also caused market uncertainty to a certain extent. After the sharp drop on Thursday and Friday last week, the intraday fluctuation of gold reached $100 on Monday, the lowest point fell to $2,954, and the cumulative decline from the high of $3,167 was more than $200.
Gold is currently in the fourth trading day of decline and adjustment. Although there was a rebound in the morning, the 1-hour moving average is still in a downward short position arrangement, and the short volume has not decreased, indicating that the short-term short trend is still continuing. Gold prices are also trying to recover lost ground after falling, but the rebound is weak. The bottom signal has not been confirmed yet. At present, given the obvious short trend, Xu Gucheng recommends rebounding shorts as the main strategy and callback longs as the auxiliary strategy, and pay close attention to the upper resistance of 3025-3030 and the lower support of 2956-2950.
Operation strategy 1: It is recommended to go short at 3025-3030 on the rebound, stop loss at 3040, and the target is 3000-2970. If it breaks, it will be 2050.
Operation strategy 2: It is recommended to go long at 3000-2994 on the pullback, stop loss at 2988, and the target is 3020-3030.
