4.16 Laowu Evening Commentary

The long-term bullish trend in the larger cycle remains intact, and there has been no effective breakdown. The current high-level consolidation is part of the rally’s continuation—building up strength.

From the news perspective, the Fed’s rate cut expectations remain stable, the US dollar trend is relatively weak, and liquidity easing expectations continue. This provides positive support for gold prices in the medium and long term.

Pullback and go long (main strategy)

1. Buy when price consolidates after falling to 4810-4815. Set a stop loss below 4805. Target 4835-4845. If it breaks through, look for 4860-4870.

2. If price dips to 4795-4800 and holds support, you can add long positions. Set a stop loss below 4790. The target is the same as above.

Try short at the high level (supporting strategy)

When the rebound hits 4845-4850 or when a push to 4865-4870 shows signs of being stuck, lightly short. Set a stop loss above 4875. Target 4820-4810.
If gold price strongly holds above 4875, close the short positions and switch to buying on the pullback. Don’t hold positions against the unfavorable move #黄金