Gold spot maintained its robust uptrend this week, tracing a healthy price action of breaking new highs followed by high-level consolidation, with its year-to-date gains continuing to expand. Our core analyses covering trend dynamics, key price levels, driving fundamentals and trading strategies were in precise alignment with the actual market movement, providing effective guidance for trading activities.
I. Accurate Trend Judgment: Capturing the Core Rhythm of "Long-term Bullishness with Short-term Corrections"
1.We anticipated in advance that the market would exhibit a strong pattern of "high-level consolidation after a breakout" throughout the week.
2.We precisely identified the nature of short-term price fluctuations.
3.We predicted the characteristic of amplified volatility on Friday, advising traders to abandon frequent trading and lock in profits in a timely manner. This advice was fully consistent with the market performance amid weekend capital flows and risk management requirements.
II. Precise Identification of Key Price Levels: Support and Resistance Zones Perfectly Matching the Market
1.Intraday Perspective
We accurately pinpointed the 4580–4590 strong support zone and the 4620–4630 resistance zone. The actual market movement saw back-and-forth tussles within this range; the support levels withstood multiple tests with effective buying interest, while the resistance levels capped short-term upward moves.
2.Medium-term Perspective
We flagged the 4560–4570 confluent support zone (anchored by moving averages) and the 4650 historical high resistance level ahead of time. These levels were highly consistent with the core trading range of the week, serving as clear anchors for swing trading.
3.Effective Validation of Support-Resistance Flip
The previous key resistance level at 4500—highlighted by our team earlier—has transformed into a new support level. Gold spot staged a sharp rebound after retesting this level this week, verifying the validity of the support-resistance flip logic.
I. Accurate Trend Judgment: Capturing the Core Rhythm of "Long-term Bullishness with Short-term Corrections"
1.We anticipated in advance that the market would exhibit a strong pattern of "high-level consolidation after a breakout" throughout the week.
2.We precisely identified the nature of short-term price fluctuations.
3.We predicted the characteristic of amplified volatility on Friday, advising traders to abandon frequent trading and lock in profits in a timely manner. This advice was fully consistent with the market performance amid weekend capital flows and risk management requirements.
II. Precise Identification of Key Price Levels: Support and Resistance Zones Perfectly Matching the Market
1.Intraday Perspective
We accurately pinpointed the 4580–4590 strong support zone and the 4620–4630 resistance zone. The actual market movement saw back-and-forth tussles within this range; the support levels withstood multiple tests with effective buying interest, while the resistance levels capped short-term upward moves.
2.Medium-term Perspective
We flagged the 4560–4570 confluent support zone (anchored by moving averages) and the 4650 historical high resistance level ahead of time. These levels were highly consistent with the core trading range of the week, serving as clear anchors for swing trading.
3.Effective Validation of Support-Resistance Flip
The previous key resistance level at 4500—highlighted by our team earlier—has transformed into a new support level. Gold spot staged a sharp rebound after retesting this level this week, verifying the validity of the support-resistance flip logic.
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.