Analysis of the latest gold trend on May 1：
Summary of Gold 4-hour Chart Trading Strategy (Oscillating Convergence Phase)
Key Patterns and Trends
Technical Patterns:
Bollinger Bands close, price fluctuation range shrinks (3275-3340).
Potential Convergence Triangle: Highs move down, lows move up, waiting for the direction of breakthrough.
Current range: 3275 (support) - 3340 (resistance), short-term focus on 3320-3330 resistance & 3275-3265 support.
Trading Strategy (Cautious Operation Before Non-agricultural)
1. High-altitude within the range
Entry point: 3320-3330 (close to the upper track, stagflation signals such as K-line reversal, overbought indicators).
Stop loss: above 3340 (invalid if breakthrough).
Target: 3275-3265 (take profit in batches).
2. Follow up short orders after breaking support
Confirmation conditions: 4-hour closing price falls below 3275, and Bollinger Band opening widens.
Adding position strategy: chasing short to 3250-3230, stop loss 3285.
3. Short-term low-long (strict risk control is required against the trend)
Condition: first touch 3275-3265 + RSI oversold (<30) or rebound quickly.
Stop loss: below 3260, target 3300-3310 (quick in and out).
Non-agricultural data impact & weekly key points
Before non-agricultural:
Maintain the idea of shock, light position operation, avoid placing orders before the data (slippage risk).
Weekly closing:
If it closes negative: next week may further explore 3230-3200.
If it breaks through 3340: observe whether it can stand firm at 3350 (long signal).
Key points for implementation
Main strategy: If the price rebounds to 3320-3330, you can look for opportunities to try short selling, with a stop loss of 3340 and a target of 3275-3265.
Breakout follow-up: Go short if it breaks below 3275, and wait and see if it will go long if it breaks above 3340.
Risk control: Single stop loss ≤ 2% of position, reduce position before non-agricultural data.
