Gold bulls V-shaped reversal, price is rushing to 3350

5 天前

Gold trend analysis: Geopolitical risks still exist, technical side is strong and volatile
[Brief analysis of fundamentals]
The recent situation in the Middle East presents a cycle of "conflict-easing-re-escalation". After a brief exchange of fire between Iran and Israel, Israel turned to attacking surrounding armed forces, and geopolitical risks have not completely dissipated. Such "deterrent conflicts" may recur, and the support effect of risk aversion on gold will ferment intermittently. The market needs to be alert to sudden events that drive the price of gold to rise in a pulsed manner.

[Technical analysis]
4-hour cycle
Indicator signal: Stochastic indicator golden cross, MACD double lines sticking upward, showing the accumulation of bullish momentum.

Key pressure: 3340 (upper rail of the descending channel), breaking through will open up the upward space.
Short-term support: 3295 (yesterday's top and bottom conversion position), if lost, it will turn to oscillation.

Hourly line pattern

Short-term moving averages are arranged in a bullish pattern, the low point of the callback gradually moves up, and the structure is strong.

【Operation strategy】
Main idea: Focus on low-long positions when the market is pulled back, and try to go short with a light position at the pressure level of 3340-3350.
Long order: enter the market at 3300-3305, target 3315-3320, stop loss 3292.

【Risk warning】
If the geopolitical conflict intensifies again, the gold price may quickly break through 3340, and the strategy needs to be adjusted in time.

During the US trading session, pay attention to the impact of US economic data on the US dollar.

5 天前

交易進行

After the continuous and slow rise of gold in the Asian and European sessions, the price still reached the 3357-3360 line.
After the hourly line broke the downward channel, it has also reached the falling node 3350. If this position stabilizes and rises again, it will test the upper 3375 line later. Of course, the head and shoulders bottom structure predicted before will also change accordingly. At present, the hourly line initially closed negative, and the amount of buying funds seems to be weakened.
In any case, we still maintain the previous strategy and continue to participate in the intervention of a sell signal.

💎xau/usd sell @ 3350-3347

⛔sl----3360
🎯tp1-3330
🎯tp2-3315

4 天前

交易結束：目標達成

Gold is currently operating in an ideal state. The short position fell back after being under pressure in the 3360 area. The current price is 3338. The short-term support below is 3330. If this position falls, the price may test the 3315-3300 area again. Then the head and shoulders bottom structure on the hourly line will also be formed. In the future, we need to pay attention to whether the long-short dividing point of the 3300 line can form an upward trend again. If an upward rush can be formed, gold is expected to hit the 3380-3400 area in the future.
But for now, we hold short orders and continue to monitor to maximize the space for decline.