The long-short game of gold at high levels is intensifying

2 Apr

After continuing to rise, gold fell from its highs during yesterday's US trading session to test the 3100 integer support, and then stabilized and rebounded. After today's shock repair, the gold price finally stood above 3100, showing an overall strong trend. However, from the technical structure, the upward trend line at the hourly level has been broken, and the price has turned to horizontal horizontal operation, entering a high-level wide-range shock adjustment stage.

At present, gold is in a typical long-short stalemate, and the key resistance above is in the 3134-3127 area, which is both the previous high and an important top-bottom conversion pressure zone. If this resistance area can be effectively broken, the gold price is expected to further test the 3150 mark. The primary support below is the 3105-3113 range. The gains and losses in this area will determine the short-term long-short trend. If this support is lost, it may trigger a deeper correction, testing key support levels such as 3085 and 3070-3065 in turn.

Although gold has shown initial signs of stagflation, it is recommended to still take the low-long strategy as the main idea and the high-short strategy as the auxiliary before the short trend is clearly formed. In terms of specific operations, short orders can be arranged in the 3134-3140 area, with the stop loss set above 3150, the target is 3115, and further down to the 3100 mark; at the same time, long orders can be tried in the 3100-3105 area, with the stop loss set below 3090, and the targets are 3130 and 3150 respectively.

The current market is at a critical turning point. Investors need to pay close attention to the breakthrough direction of the wide range of 3100-3150, and pay attention to controlling positions, strictly stop losses, and guard against sudden volatility risks. Before the trend becomes clear, it is recommended to maintain flexible operations and avoid excessive pursuit of gains and losses.

2 Apr

Dagangan aktif

Gold started a new round of rise after repeated confirmation of the 3113 support, with a cumulative increase of more than 50 US dollars, and then entered a deep adjustment of 20-30 US dollars, maintaining a sweeping rise pattern as a whole. Every callback becomes an opportunity for bulls to accumulate power, and finally pushes the price to break new highs.

At present, the market has entered a high-level shock adjustment stage, and the range remains within the range of 50 US dollars (3090-3140), but the overall upward trend has not changed, and attention should be paid to the strength and amplitude of the adjustment.

Key support and resistance
✅ Support moves up (showing that bulls are still dominant):
3100 → 3107 → 3110 → 3113 (current key support)
If further adjustments are made, pay attention to the 0.382 golden section 3094-3092 (double-line upper rail support on the hourly chart)
✅ Upper resistance (determines whether to continue to break through):
3136-3138 (short-term flat pressure)
Target after breakthrough 3157-3158 (next key resistance)
Operation strategy: low-long mainly, high-short as auxiliary
Retracement to do more (follow the trend):
3110-3113 light position to try more, stop loss 3107, target 3135-3150
3094-3092 (golden section support) can be arranged for a second time, stop loss 3088, target 3120-3130
Rebound short (game adjustment):
3136-3138 try short, stop loss 3142, target 3115-3107
3157-3158 (next resistance) can ambush short, stop loss 3162, target 3130-3120

3 Apr

Dagangan ditutup: sasaran tercapai

This time, the tariffs are divided into two categories: "general" and "gradual". The former is 10% in line with expectations, while the latter is over 20%. For trading partners such as China, Japan, and Europe, it is above expectations.

As the tariffs came into effect, gold rose, soaring from $3,105 to $3,168, an increase of nearly $70. At present, the multi-period moving average of gold is upward, and the price is firmly above the weekly, monthly, and daily support, with an obvious bullish trend.

The 1-hour moving average rose again, and gold bulls regained control of the market. The current price is around $3,140, ​​but we must also be wary of the risk of diving again at high levels. The upper resistance is $3,155-3,160, and the lower support is $3,133-3,128.