✅ Based on the current market structure, gold is likely to maintain a high-level consolidation pattern next week, with a low probability of breaking below the key 3375 support. Although Friday recorded a candlestick with a spike higher followed by a pullback, the 3375 level has been tested multiple times without a decisive break, and the close remained firmly above it, reflecting the resilience of the bulls and the effectiveness of the support.
✅ Since rebounding from the 3268 low, gold has been forming a pattern of higher highs and higher lows, with the overall uptrend remaining intact. The current 1-hour chart shows that gold is still moving within a standard ascending channel, and the short-term trend remains bullish.
✅ Key Technical Levels:
🟢 Downside Support: Raised to the 3380 area. If the price pulls back to this level next week and holds, buying on dips remains the preferred strategy.
🔴 Upside Resistance: Around 3420, which corresponds to the upper boundary of the channel. If the price faces resistance here, short-term selling could be considered, targeting a move back within the channel.
🟠 Breakout Conditions: A breakout above the channel’s upper boundary would signal that bulls may start a new wave of upside momentum. Conversely, if 3380 is decisively broken and the price sustains below it, gold is likely to enter a corrective phase, with an increased risk of retesting the 3375 support.
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3415-3420 area. Target: 3400-3390；If support breaks, the move may extend to 3380.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3375-3380 area. Target: 3400-3410；If resistance breaks, the move may extend to 3420.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
✅ Since rebounding from the 3268 low, gold has been forming a pattern of higher highs and higher lows, with the overall uptrend remaining intact. The current 1-hour chart shows that gold is still moving within a standard ascending channel, and the short-term trend remains bullish.
✅ Key Technical Levels:
🟢 Downside Support: Raised to the 3380 area. If the price pulls back to this level next week and holds, buying on dips remains the preferred strategy.
🔴 Upside Resistance: Around 3420, which corresponds to the upper boundary of the channel. If the price faces resistance here, short-term selling could be considered, targeting a move back within the channel.
🟠 Breakout Conditions: A breakout above the channel’s upper boundary would signal that bulls may start a new wave of upside momentum. Conversely, if 3380 is decisively broken and the price sustains below it, gold is likely to enter a corrective phase, with an increased risk of retesting the 3375 support.
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3415-3420 area. Target: 3400-3390；If support breaks, the move may extend to 3380.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3375-3380 area. Target: 3400-3410；If resistance breaks, the move may extend to 3420.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.