Gold trading strategy for next week

Feb 22

📊Weekly level: The strong bull arrangement continues for 8 weeks. MACD continues to increase volume, but RSI has entered the overbought zone (75.6). You need to be wary of the risks of the long-short game between the ninth week change cycle and the end of the monthly line.

📊Daily level: high cross star for three consecutive days (early warning signal of market change), K-line entity narrows with shrinking volume, Bollinger Bands three tracks flatten (2930-2955), MACD top divergence appears, key long-short watershed: effectively breaks through 2955 (previous daily high) or breaks below 2900 (neckline)

📊4-hour level: Convergent triangle pattern continues (2920-2955), Bollinger Bands narrows ($15), momentum indicator: KDJ (50 mid-axis adhesion)/CCI (+100 to -100 shock)

🔴Upper resistance level:
-First: 2945-2947
-Second: 2950-2955
-Third: 2965-2975

🟢Lower support level:
-First: 2924-2916
-Second: 2908-2900
-Third: 2881-2877

📛Risk warning:
The current market is at a major technical node. It is recommended to adopt a compound strategy of "breakthrough follow + range band", focus on the price test of the key position of 2955/2900 during the US trading period, and strictly manage positions and set stop losses. Be alert to the risk of liquidity shock before and after the closing of the monthly line and maintain trading flexibility.

Feb 23

Trade active

Trading strategy for Monday
🔴Plan 1: Breakout trading strategy (trend continuation)
🔶Long trigger conditions:
--Stand above 2950 in the Asian and European sessions, and break through 2955 on the hourly chart.
--Fall back to 2945 without breaking, follow up with long orders with a light position, stop loss 2940, target 2965-2975.
🔷Short trigger conditions:
--A sharp drop below 2915 in the early trading, rebound to 2920 and short, stop loss 2925, target 2908-2883.

🟢Plan 2: Range oscillation strategy (2920-2955 high short orders and low long orders)
--2925-2920 area: enter long orders after stabilization, stop loss 2915, target 2940-2950.
--2948-2953 area: short orders after pressure, stop loss 2957, target 2930-2920.

📛Risk management
--Position control: single transaction does not exceed 5% of total funds, and positions can be increased moderately in case of breakthrough.
--Stop loss discipline: strictly set stop loss to avoid carrying orders; move stop loss after breakthrough to protect profits.
--Time window: if there is no breakthrough before the US market, reduce positions to avoid data/news disturbance risks.

🔰Variables to pay attention to
--Silver linkage: if silver accelerates its decline, be alert to the risk of gold's rebound.
--Dollar index trend: the rebound of the US dollar index may suppress the momentum of gold's breakthrough.
--The impact of the closing of the monthly line: institutional position adjustment may cause short-term violent fluctuations.

✅Strategy summary: 2955 is the dividing line between long and short positions on Monday, wait and see the breakthrough direction in the Asian session, and follow the trend after the European session is confirmed. If the volatility is maintained, sell high and buy low, and strictly control the risk. If the breakthrough fails or the support is broken, you need to leave the market in time and wait for new signals. The above strategies need to be adjusted in combination with real-time market conditions. It is recommended to use limit orders and set TP and SL.