Market volatility has intensified. Short first, then go long.

4 hari lalu

Gold prices fluctuated slightly, hitting a low of around 4175 before rebounding to a high of around 4230, forming a bottoming-out and recovery pattern. However, the key levels above and below have not been broken, which may be the short-term stage where the bulls and bears continue to accumulate strength to decide on a breakout.

The daily chart indicates a stalemate between bulls and bears, and external factors may be needed to guide the market in the short term. Therefore, the US PCE data may make the expectation of a Fed rate cut a focus of market attention again, and the gold market may experience sharp fluctuations as a result.

From a trading perspective, the consolidation pattern on the daily chart for gold has become increasingly apparent. The $4,190-$4,200 area has formed a recent area of intense trading and a short-term dividing line between bullish and bearish sentiment. Resistance is seen in the $4240-$4260 area; a decisive break above this level would signal the start of a new upward trend.

Before the data release, pay close attention to the $4230-$4235 resistance level and the $4175-$4180 support level in the short term. You could try shorting around 4230, with a stop-loss above 4245. If the price retraces first, you could consider a long position in the 4190-4200 range.

If the price strongly breaks through 4240 before the PCE data release, abandon the short position immediately; the price may accelerate towards 4260-4270.

I will adjust my strategy flexibly based on market fluctuations and update the channel accordingly.

4 hari lalu

Dagangan aktif

Gold prices have retreated slightly from around 4230 and are currently fluctuating. Later data releases will likely provide further clues about market trends.