Core view of today's gold price trend
Large cycle pattern
Gold is currently in a long-term shock (large sideways market), similar to the wide shock stage after the peak in 2011. We need to be vigilant against extreme trends such as sudden surges and plunges, V-shaped reversals.
Fundamental contradictions (Fed policy uncertainty, geopolitical situation, economic data disturbances) are the main causes of shocks, and the trend direction has not yet formed.
Medium-term (June) outlook
Tend to be bearish: 3403 points may be a stage high point, if confirmed, it will gradually fall back.
3280→3240→fall below 3200 points; if 3403 points is just a correction, it may rise again and then fall back.
Weekly inverted T pattern + daily MACD dead cross, showing heavy selling pressure above, technically bearish.
Key positions and trading strategies:
Support level:
Short-term: 3295-3300 (0.382 retracement level + 20/40 day moving average + weekly moving average), if it falls below, the downward direction: 3280→3275→3264.
Medium-term: 3240-45 (strong support level), further breakthrough will open up the space below 3200.
Extreme support level: 3180-3200 (monthly target level).
Resistance area
Key pressure: 3330-3340 (Friday's breakthrough point + June 3 low), if it breaks through, it may reverse and test 3360-65→3380→3400.
Strong defense position: 3357-3365 (weekly short layout area).
Intraday operation suggestions
Mainly short on rebound
Aggressive: short with a light position near 3335, stop loss 3345, target 3290→3280.
Steady: short in 3340-3345 area, stop loss 3357, target 3300→3280.
*If it stabilizes unexpectedly at 3340, temporarily stop short positions and wait for a higher position (3360-65) to be deployed.
Short-term long opportunities below
When the price first touches 3290-3280, you can go long with a light position, stop loss 3275, target 3310-3320 (quick entry and exit).
If it falls to 3240-45 area, you can try to rebound long orders, stop loss 3230, target 3280-3300.
Large cycle pattern
Gold is currently in a long-term shock (large sideways market), similar to the wide shock stage after the peak in 2011. We need to be vigilant against extreme trends such as sudden surges and plunges, V-shaped reversals.
Fundamental contradictions (Fed policy uncertainty, geopolitical situation, economic data disturbances) are the main causes of shocks, and the trend direction has not yet formed.
Medium-term (June) outlook
Tend to be bearish: 3403 points may be a stage high point, if confirmed, it will gradually fall back.
3280→3240→fall below 3200 points; if 3403 points is just a correction, it may rise again and then fall back.
Weekly inverted T pattern + daily MACD dead cross, showing heavy selling pressure above, technically bearish.
Key positions and trading strategies:
Support level:
Short-term: 3295-3300 (0.382 retracement level + 20/40 day moving average + weekly moving average), if it falls below, the downward direction: 3280→3275→3264.
Medium-term: 3240-45 (strong support level), further breakthrough will open up the space below 3200.
Extreme support level: 3180-3200 (monthly target level).
Resistance area
Key pressure: 3330-3340 (Friday's breakthrough point + June 3 low), if it breaks through, it may reverse and test 3360-65→3380→3400.
Strong defense position: 3357-3365 (weekly short layout area).
Intraday operation suggestions
Mainly short on rebound
Aggressive: short with a light position near 3335, stop loss 3345, target 3290→3280.
Steady: short in 3340-3345 area, stop loss 3357, target 3300→3280.
*If it stabilizes unexpectedly at 3340, temporarily stop short positions and wait for a higher position (3360-65) to be deployed.
Short-term long opportunities below
When the price first touches 3290-3280, you can go long with a light position, stop loss 3275, target 3310-3320 (quick entry and exit).
If it falls to 3240-45 area, you can try to rebound long orders, stop loss 3230, target 3280-3300.
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
💸Free signal：t.me/+mXGe9RqxR2QwNjdk
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。