Focus on key breakthroughs after violent fluctuations in gold
Yesterday, gold staged a "V-shaped" reversal. In the early trading, affected by the US International Court of Justice's overturning of tariff policies, it plummeted from 3295 to 3245; then, due to Trump's request for the Supreme Court to veto the ruling, the price rebounded strongly to 3330, and the daily line closed with a big positive line. Despite frequent disturbances on the news side, there are obvious signs of control by the main funds, and the market is still in a wide range of fluctuations.
Technical analysis
Daily level
The positive line of the bottoming line stands above the 3300 mark, which is strong in the short term, but the moving average is entangled with the middle track (3300-3310), and no unilateral trend has been formed.
Key resistance: 3371 (neckline of the head and shoulders bottom pattern); support: 3280, 3265-3250.
4-hour level
MACD is golden near the zero axis, but the Bollinger band is narrowed, and the oscillation characteristics are significant.
Short pressure: 3325 (up to 3337 if broken); short support: 3291 (down to 3280-3268 if broken).
Hourly line
Bollinger band narrowed, MACD turned dead cross at high level, continued to fall in Asian session, pay attention to the direction of European session.
Trading strategy
Short order: 3300-3305 light position short, stop loss 3315, target 3285-3290.
Long order: 3278-3264 batch layout, stop loss 10 US dollars, target 3290-3300.
Breakthrough strategy: If the European session stands at 3325, step back to 3320 and follow the long, target 3337; otherwise, 3337 can be shorted.
Risk warning
The recent market has been repeatedly swept, strict risk control, avoid chasing up and selling down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.