After breaking through the 4480 region again on Friday, gold fell back after being blocked at 4555. How should we view the upcoming market?
In the face of such market volatility, it is actually unwise to blindly chase gains or cut losses. Operating in the resistance and support areas at the hourly level can easily respond and provide ample profit space.
Currently, it can be seen that the closest support area after being blocked at 4555 is around 4480. However, this is not recommended as an entry opportunity, as the divergence between bulls and bears is quite severe here.
The operational mindset after Monday's opening should be to observe first and then act. It is the wisest choice to enter the market when encountering the support area below or strong resistance above.
After opening, if it drops to the 4420-4403 area, it can be bought, with a target above 4550.
If the market continues to rise at the opening, there are two positions to choose for shorting. First, enter at 4559-4580, looking down to 4420; exit if the position breaks.
The second short position can be at 4592-4615, where the initial view should be around 4480; if broken, then look towards 4420.
Please note the trading level you are engaged in: #XAUUSD #黄金 .
Yesterday, precise short selling of gold, 2 lots captured 5152🔪 student 4443 entered the short position, floating profit of 10+ points wanted to take profit, we decisively judged based on the situation to hold on, ultimately perfectly taking profit at 4417.71, gaining an additional 10+ points of excess return Real-time monitoring, strict risk control, not chasing highs or cutting losses, only doing certain market conditions #黄金
Gold is currently in a strong short-term rebound, a medium-term range oscillation, and a long-term trend awaiting a breakout, with risk aversion dominating the short-term market. Technical and news factors resonate with each other.
From a short-term perspective of 1/4 cycle, the price has surged strongly from the intra-day low of 4375.56, reaching a high of 4475.15, and is currently stabilizing above the short-term moving average. Bullish momentum is sufficient, and a continuation of the rebound is expected, probing the resistance range of 4472-4480. If it breaks through, it is likely to challenge the integer level of 4500. In the medium term, the range oscillation of 4400-4480 is maintained. This round of rebound is driven by risk aversion stemming from Trump’s automobile tariff policy. Although it has not completely reversed the previous oscillation pattern, the short-term bullish sentiment is dominant and not simply a downward correction. From a long-term perspective, the previous rebound belongs to an oscillating upward structure. If it can effectively break through last week's high, it will open up a new round of upward space; if it is pressured at 4480, there is a high probability of a pullback, returning to range oscillation. Core direction: Buy on dips as the main strategy, short positions only with light exposure.
Long Position Strategy (Priority) Entry Range: 4450-4455 (near the current BOLL middle track support, stabilizing after a pullback) Targets: First target 4470-4475 (intra-day high), second target 4480-4485 Risk Control: Stop loss at 4445, strictly enforced, do not hold positions Short Position Strategy (Only for Short-term) Entry Range: 4470-4480 (strong resistance range, testing shorts with light exposure in batches) Targets: 4450, 4420 Risk Control: Stop loss at 4485, quick in and out, do not chase positions #黄金
Trade hedging sentiment erupts: Trump announces a 25% tariff on imported cars and parts starting April 2, escalating global trade war concerns, with gold as a safe-haven asset seeing significant inflows of capital, being the core driver of this round of surge. Federal Reserve policy expectations support: Following the March FOMC meeting, there are differences in market expectations for interest rate cuts, but the demand for credit hedging in a long-term high-interest rate environment, combined with continuous gold purchases by global central banks (China has increased its holdings for 16 consecutive months), provides long-term support for gold prices. The US dollar and US Treasury bonds weaken in the short term: The US dollar index retreats in the Asian market, while US Treasury yields decline in stages, reducing the holding cost of gold and further boosting gold prices. Technical breakout resonance: After gold prices break through key resistance levels, it triggers programmed buying, forming a trend of rising prices.
Core trading ideas for the day
(1) Trend judgment
Big trend: Bullish dominance, hedging sentiment + technical breakout creates resonance, with a mid-term target looking towards the 4500 round number. Short-term rhythm: After a rise in the Asian market, there is a need for a correction in the 1-minute level due to overbought conditions, with operations primarily focusing on buying on dips, cautious about chasing highs, and strict risk control at the core #特朗普希望尽快结束对伊朗战争 #gold
Yesterday, the gold price fluctuated downwards, after probing down to 4351 during the day, it stabilized and rebounded. The lower support of the Bollinger Bands was effective, and it rose back to around the 4400 mark at the end of the trading session, with intense long and short competition.
News: The geopolitical situation in the Middle East continues to disturb, with risk aversion sentiments fluctuating; the U.S. core PCE price index is set to be released tonight, and the market's expectations for a Federal Reserve rate cut are increasingly divided, intensifying the interplay of long and short positions and increasing gold price volatility.
Technical Analysis: The gold price is operating near the middle track of the Bollinger Bands, with short-term support at 4389 and short-term resistance at 4412. A low-level rebound has driven the short-term moving averages to turn upward, and the MACD has shown a golden cross signal, with bullish momentum gradually repairing, but overall still in a downward channel, requiring caution against the risk of a pullback after a rise.
A pullback to the 4380-4400 range can be used to layout long positions. If the pullback is significant, one can enter long positions in the 4350-4370 range. If the market rises directly, one can follow up with long positions near 4410. The target looks towards above 4450 and 4480, strictly manage risk #黄金 .
Triple bearish resonance, trend completely switched Converging triangle breakdown: The previously consolidating converging triangle has been effectively broken down, confirming the end of the consolidation, and the bearish trend is officially initiated, which is the core signal of this round of decline. Descending flag pattern emerging: After the breakdown, the price is moving along a short-term descending channel, forming a standard descending flag structure, which will further open up downward space. Dual cycle CHOCH structure conversion: Structures in both small and large cycles have synchronously completed breakdowns, completely switching the bullish and bearish trends, with bearish strength fully dominating the market. Price momentum: Key support has broken down, and the weak pattern is established. Today's gold opening at 4513.11, after peaking at 4544.18 in the early session, it faced pressure and fell back, directly breaking below the key support at 4450, with a minimum drop to 4438.99. Downward momentum continues to be released, and the weak pattern is completely established. The rebound is merely a short-term correction. Main bearish strategy (core trading direction) Entry range: 4450–4465 short in batches Target points: First target 4420, second target 4400 Risk control suggestion: Strictly set stop loss above 4470 to avoid false breakdown risks. Short-term speculation (suitable for light positions only) If the price stabilizes in the 4420–4430 range and shows a clear stop-loss pattern (such as hammer line, engulfing pattern), a light position can be taken to capture the rebound, with the target only looking towards around 4460. Core reminder: The current bearish trend is dominant, and the rebound space is extremely limited. After encountering resistance, it will continue to decline. The rebound position must be quick in and out, and do not linger in battle #黄金
Short-term EXPMA1 (12 periods, gray line) current value 4558.97, long-term EXPMA2 (50 periods, yellow line) 4556.68, both lines in a bullish arrangement, indicating a short-term upward trend. The price has slightly retraced above EXPMA1, which is a normal pullback after an increase; as long as it does not effectively break below 4556 (support from EXPMA2), the bullish structure remains intact. The previous high of 4562.45 is a strong short-term resistance level; breaking through this will open up a new round of upward space. Stabilizing in the 4555-4556 range after a pullback, MACD green bars are decreasing, and DIF is turning upward again. Stop loss: 4551.17 (1-2 dollars below the recent low, strict stop loss). Take profit: First target 4562.45, after breaking through look for 4568-4570, the intraday new high of 4602 is the ultimate target #黄金