Gold 3.10 Analysis

2 days ago

Gold is currently in a high-level oscillation pattern, with an overall strong trend, but lacks an obvious directional breakthrough in the short term. Gold continues to fluctuate at a high level on a weekly level, with weak retracement and continuity, and short-term moving averages (such as MA5 and MA10) continue to diverge upward, indicating that the large-scale cyclical trend is still strong.
Key support and resistance: The weekly support level is around 2850-2880, and the resistance level is around 2950-2980. The current price fluctuates between 2890-2930 and has not yet broken through the key resistance level of 2930.

At the daily level, gold temporarily maintains a volatile pattern, and the short-term moving average (sticking flat, indicating that the market lacks an obvious trend.
Key support and resistance: The daily support level is around 2890, and the resistance level is around 2930. Before the price breaks through 2930, it is not advisable to rush to chase the rise. It is recommended to wait for the price to stabilize before considering going long.

At the 4-hour level, gold is in a wide range correction, and technical indicators show that the market tends to fluctuate and consolidate.
Key support and resistance: The 4-hour support level is around 2900, and the resistance level is around 2930.

Operation strategy
Short-term operation: It is recommended to sell high and buy low in the range of 2930-2900, with high short as the main and low long as the auxiliary.
Short strategy: Go short when the price touches 2927-2925 above, and set the stop loss at 2932. The target is Towards 2915-2910.
Long strategy: Go long when it falls back to around 2901-2903, set the stop loss at 2895, and target 2915-2925.

Risk warning
Breakout risk: If the price breaks through 2930, it may rise further, with the target at 2950-2980. On the contrary, if it falls below 2890, it may further fall to 2850-2880.

Market sentiment: The recent market sentiment is relatively cautious. It is recommended to pay close attention to global economic data, geopolitical risks and changes in the Federal Reserve's monetary policy, all of which may have a significant impact on gold prices.

Summary:
Gold is currently in a high-level oscillation pattern, lacking an obvious directional breakthrough in the short term. In terms of operation, it is recommended to focus on the idea of ​​range oscillation, sell high and buy low, strictly set stop losses, and guard against breakthrough risks.

yesterday

Trade active

After the golden triangle converged and broke, although the overall structure is still in the adjustment range of rising. But the short-term level has gradually weakened under the pressure of 2915. The bottom is testing the bottom support of the 2890 range.
GOLD buy 2900
gold limit buy 2890

SL 2888
tp 2912
tp 2922