Will gold’s bullish trend change today?

4 days ago

On the daily line, the daily line continues to be positive for four consecutive times, and the price is effectively running above the short-term moving average and the Bollinger Middle Track. Even if there is a pullback, the shape remains the same. This is enough to show that the advantage of the bulls has not changed. The current short-term moving average has moved upward again. Forming support, other cyclical indicators maintain a bullish arrangement, and the Bollinger Bands as a whole continue to extend upward. In addition, the macd indicator double-line golden cross upward form shows sufficient upward potential. Therefore, overall on the daily line, bulls will reach new highs. High probability. In terms of the 4-hour, after the shock consolidation of the US market last Friday, it can be confirmed that gold has stabilized at 2665. This is enough to be reflected from the fact that a long lower shadow big positive line was collected during the US market. In addition, the current short-term moving average forms an upward pattern at 2685 and 2678, and other periodic indicators also show a bullish arrangement. In addition, the Bollinger Bands open upward as a whole, and the MACD indicator double lines are in a golden cross upward pattern, showing sufficient upward momentum. Therefore, the overall 4-hour level should be dominated by bulls.


For the operation strategy of gold at the beginning of this week, it is recommended to continue to do more at low levels and short at high levels. For the support and resistance below, pay attention to the 2685-2680 area first, and continue to look at the 2700-2710 area above in the short term. If it is broken by the bears, then focus on 2673 and 2664. In particular, the latter, as the negative drop point of non-agricultural data, will become the strongest defense of the bears. Long orders need to be decisively arranged above. For the upper resistance, pay attention to the vicinity of 2703 first, and then pay attention to the area of ​​2712. You can try short-term shorting when it is touched for the first time.

In terms of gold's short-term operation ideas today, our team recommends mainly longs at the low levels of the correction, supplemented by shorts at the rebound highs. The top short-term focus is on the 2700-2710 first-line resistance, and the bottom short-term focus is on the 2665-2660 first-line support

Gold operation strategy:

1. Gold retreats to the 2663-2665 line, cover positions and buy long, stop loss at 2655, target 2690 line, break the position and look at 2704-2707 line

2. Gold rebounded for the first time, sell short at the 2710-2712 line, stop loss at 2720, target the 2665-2670 line, and look at the 2653-2658 line if the position is broken;

3 days ago

Trade active

Analysis of the latest trend of gold market:

Analysis of gold news: In the early European trading session on Tuesday (January 14), spot gold fluctuated in a narrow range and is currently trading around $2,666/ounce. Gold prices fell nearly $30 from the one-month high hit last Friday on Monday, hitting an intraday low of $2,656.73/ounce and closing at $2,662.83/ounce. Last week's strong employment report consolidated the Fed's expectations of cautious interest rate cuts this year. The US dollar rose sharply to its highest level in more than two years, and US Treasury yields hit a high of more than eight months, which blocked gold prices at the 2,700 mark. In addition, the breakthrough in the Gaza ceasefire mediation also suppressed gold's safe-haven buying demand. Investors are currently watching this week's US inflation and retail sales data for clues on whether the US economy will continue to show resilient growth. Goldman Sachs expects headline consumer prices to rise 0.4% in December and 2.9% in 2024, reflecting rising food and energy prices. The US December PPI data will be released on this trading day, and several Fed officials will give speeches. Investors need to pay attention to it. In addition, investors need to pay attention to news related to the geopolitical situation.

Gold technical analysis: Gold rose slightly to 2693 after opening yesterday, but was blocked and fell back. The European and American markets fell to 2656. The daily line closed with a long shadow line. After this pattern ended, the daily line was covered by a negative line. Yesterday, we repeatedly emphasized the need to be cautious about inducing more behavior and strictly prohibit chasing the rise. For today's market, due to the daily line's big negative reference to the previous cycle, today is still bearish. The downward space focuses on the performance of the European market. If the European market is weak, then the US market will have a larger downward space. On the contrary, if the European market is strong, the US market will fluctuate and fall. In any case, the market high-level shorting remains unchanged, but short-term operations are not very dependent on the general direction. At present, the market has changed direction and entered the stage of shorting, and the later layout will also change with the trend!

The price of gold fell below the non-agricultural low, which shows that the energy of gold's decline is gradually amplifying, and the moving average is about to cross to form a dead cross, which will definitely suppress the market in the short term! The later layout is mainly high-level short-selling, and the upper pressure position focuses on two points. The first is the moving average pressure near 2676, and the second is the low point conversion position of 2680! When the rebound reaches around 2678, you can try to sell short if you are short-term! Taken together, in terms of today's short-term gold operation ideas, our professional gold analyst team recommends mainly shorting on rebounds, supplemented by longs on callbacks. The top short-term focus will be on the 2680-2685 first-line resistance, and the bottom short-term focus will be on the 2655-2650 first-line support.

Gold recommended trading operation strategy:
1. Start shorting when the rebound first appears near 2678, stop loss at 2686, and target 2668-2655-2635! Be sure to arrange the initial position reasonably according to your personal situation to reduce your own risks.

2. Gold fell back and saw 2645 for the first time. Buy long short-term, stop loss at 2640, target at 2656-2666-2676! For more real-time layout, please refer to the actual market

3 days ago

Trade closed: target reached

Judging from the current 4-hour analysis, the 2675-2680 line at the top is a short-term suppression. We need to focus on the 2690 line suppression. If the position is broken, we will see the 2704-2707 line for high pressure. The bottom is focused on the 2660-2663 line for short-term support. Continue to maintain a cycle of shorting at high levels and longing at lows. The main tone of participation remains unchanged. Be careful to pursue orders in the middle position and wait patiently for key points to enter the market.

Gold operation strategy:

1. Gold returns to the 2660-2663 line to go long, stop loss at 2655, target the 2675-2680 line, and look for the 2690 line if the position is broken;

2. Gold rebounded and touched 2690 for the first time, shorted with a light position, broke through and rebounded to 2704, shorted with a cover position, stop loss at 2711, target at 2665-2670;