Gold surged through $70 in the Asian session, breaking through t

Oct 13

Gold surged through $70 in the Asian session, breaking through the support level. Is this a continued rally or a deeper correction?

Gold Technical Analysis Report
I. Overall Trend Analysis
The current gold market's primary trend remains bullish, with prices showing signs of stabilization and rebound after a short-term correction. A positive daily close near 4010 indicates valid support below, but short-term trends remain primarily range-bound. Watch for breakthroughs in key resistance and support levels.

II. Key Price Levels
Resistance Areas:
Primary Resistance: 4075/4080
Secondary Resistance: 4100, 4130 (pending further confirmation)

Support Areas:
Near-term Support: 4055/4060
Core Support: 4040/4025, above 4000

III. Short-term Trend Analysis

Recent Volatility Characteristics:
After a strong rally from the 3820 support level, gold has come under pressure in the 4060 area, entering a period of wide range consolidation. Last Thursday, a single bearish dip dropped above 3940. After consolidating support at 3945/3955 during Friday's Asian session, the price rebounded and stabilized in the European session, ultimately closing near 4010, forming a volatile upward trend of "downward correction followed by a stabilization rebound."

Intraday Dynamic Analysis:
During the Asian Session: Price repeatedly tested resistance at 4060, relying on support at 4005. After breaking through in the afternoon, it surged to 4078, indicating a gradual recovery of bullish momentum.

Current Challenges: The price rose over $70 from morning to midday, but momentum lacked significant volume. Be wary of a possible short-term correction during the European session.

IV. Trading Strategy and Cycle Coordination

Asia Session Layout Review:
The long position at 4040 was successfully taken profit at 4060.
The long position at 4048 was followed up after the breakout in the afternoon, with the target near 4078.

European Session Strategies:
Short-Term Adjustment Risk: After the price surges, there is a need for a short-term correction. A light position can be used to test short positions at 4074/4080 (defending 4091), with a target of 4058/4054.

Correction Structure Prediction:
Sideways Correction: If the European session maintains a narrow range between 4055-4080, time will be used to buy space, building momentum for a continued upward move in the US session.
Pullback: If the price falls below 4050 support, a test of 4040/4030 is possible. A pullback confirms support before resuming the upward move.

US Session Outlook:
If the European session consolidates sideways and then directly breaks through 4080, the bullish trend in the US session will continue.
If the European session corrects sharply, watch for signs of stabilization at the 4030/4040 support level, and then enter a long position when the opportunity arises.

V. Summary and Risk Warning
Trend Direction: The bullish trend remains unchanged, but short-term volatility is significant, requiring precise timing.
Key Trading Points:
The Asian session's low-to-long strategy has realized profits; focus on the strength of the correction in the European session.
The US market's direction should be dynamically adjusted in conjunction with the European session's correction structure to avoid chasing highs and selling lows.

Risk Warning: The current market has significant potential and is moving rapidly. Strict risk management is required to avoid misjudging trend continuity during corrections.

Understanding market trends is crucial for seizing trading opportunities.
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Oct 13

Trade active

Gold Evening Trading Strategy
I. Core Views and Trading Strategies

The technical structure remains bullish. The strategy is to primarily buy on pullbacks, supplemented by shorting at key resistance levels. Focus on the effectiveness of support below to avoid chasing gains and selling losses.

II. Key Positions and Strategies

Major Support: 4060 (Top-Bottom Conversion Level)

Core Support: 4025-4020 (Short-Term Bull Lifeline)

Near-Term Resistance: 4105

III. Specific Trading Plan

Main Strategy: Buy on Pullbacks

Aggressive Long: Use a light position to test long positions at 4060 support, with a stop-loss below 4055.

Conservative Long/Adding to Positions: If the market continues to pull back, place long positions in batches in the 4025-4020 area. This is the last line of defense to maintain the short-term bullish structure.

Secondary Strategy: Short Sell at Key Resistance Levels

Only when resistance signals appear at key integer resistance levels like 4105, attempt short selling with a small position, entering and exiting quickly, and avoid lingering.

IV. Risk Control and Discipline

Shorting during a pullback is strictly prohibited.

If the price effectively breaks below the 4020 support level, it means the short-term bullish structure has been broken. It's advisable to wait and see, waiting for signs of stabilization the next day before entering the market.

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Oct 13

Trade closed: target reached

[Gold Soars to a New All-Time High! Precise Evening Trading Strategy Revealed]
Gold once again demonstrated its dominance today, rising nearly $100 intraday, breaking through its all-time high of $4,018! In this strong market, chasing highs is risky, but shorting is even more dangerous. We've prepared a precise evening trading plan to help you capitalize on this historic rally.

📈 Precise Evening Trading Strategy for Gold

Key Insights
The technical outlook maintains a strong bullish pattern. For trading, prioritize buying on dips and be cautious when engaging in short positions. Focus on the strength of support below to avoid blindly chasing gains and selling losses.

Key Positions

Main Support: 4060 (Top/Bottom Conversion Level)

Core Support: 4025-4020 (Bull Lifeline)

Near-Term Resistance: 4105

Operation Plan

Primary Strategy - Buy on Pullbacks

Aggressive Long: Try a small position near the 4060 support level, with a stop-loss below 4055.

Conservative Long: Invest in batches around the 4025-4020 area, which is the last line of defense.

Secondary Strategy - Short at Resistance Levels

Only try a small position when clear resistance signals appear at key resistance levels such as 4105, and enter and exit quickly.

Risk Control Discipline

Shorting during pullbacks is strictly prohibited.

If the price falls below 4020, wait and see, awaiting new signs of stabilization.

Why choose our strategy?
At this critical juncture when gold is reaching a record high, we provide you with:
✅ Clear key positions - allowing you to accurately identify buy and sell opportunities
✅ Reasonable position planning - combining aggressive and conservative strategies
✅ Strict risk management discipline - protecting principal is the key to profitability

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