From the previous trading day's daily chart, gold formed a bullish hammer candlestick with a long lower shadow, issuing a reliable bottom reversal signal in the oversold zone. The asset rebounded after a pullback, supported by the lower trendline of a large symmetrical triangle pattern; the core support area has been firmly consolidated, effectively suppressing further downward momentum.
Against the backdrop of month-end portfolio rebalancing, institutional funds tend to favor a bullish pullback. However, multiple resistance levels above will trigger cyclical consolidation during the rebound—this rally has not yet evolved into a strong bullish trend, but merely a short-term pullback after a mild rise. For a decisive bullish breakout, the price needs to hold above the short-term moving average and reclaim key breakout levels. Near-term support is in the $4480-$4490 range.
The macro timeframe remains in a long-term downtrend, and intraday price fluctuations are also range-bound. For traders, it is recommended to reduce overtrading and aim for swing trading rather than short-term trading to optimize the risk-reward ratio.
Regarding entry points: Buying on dips is recommended at 4450-4460 and 4410-4420. Selling on rallies is recommended at 4540-4550 (core short entry point) and 4570-4580.
Overall, the intraday trading strategy primarily focuses on selling on rallies, with buying on dips as a secondary strategy. Recent resistance levels: 4465-4470; Key support levels: 4450-4480.
Trading Strategies
1. Short Selling Strategy: Launch bulk short positions in the 4540-4550 range. If the price rises to 4570-4580, add to the short position.
2. Long Strategy: Launch bulk long positions in the 4450-4460 range. If the price falls to 4410-4420, add to the long position.
Against the backdrop of month-end portfolio rebalancing, institutional funds tend to favor a bullish pullback. However, multiple resistance levels above will trigger cyclical consolidation during the rebound—this rally has not yet evolved into a strong bullish trend, but merely a short-term pullback after a mild rise. For a decisive bullish breakout, the price needs to hold above the short-term moving average and reclaim key breakout levels. Near-term support is in the $4480-$4490 range.
The macro timeframe remains in a long-term downtrend, and intraday price fluctuations are also range-bound. For traders, it is recommended to reduce overtrading and aim for swing trading rather than short-term trading to optimize the risk-reward ratio.
Regarding entry points: Buying on dips is recommended at 4450-4460 and 4410-4420. Selling on rallies is recommended at 4540-4550 (core short entry point) and 4570-4580.
Overall, the intraday trading strategy primarily focuses on selling on rallies, with buying on dips as a secondary strategy. Recent resistance levels: 4465-4470; Key support levels: 4450-4480.
Trading Strategies
1. Short Selling Strategy: Launch bulk short positions in the 4540-4550 range. If the price rises to 4570-4580, add to the short position.
2. Long Strategy: Launch bulk long positions in the 4450-4460 range. If the price falls to 4410-4420, add to the long position.
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.