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#Gate广场五月交易分享 Next Monday's Gold Market Trend Analysis:
Gold Technical Analysis: This week, gold surged then pulled back, stabilizing at low levels. Overnight US market data fell short of expectations, the dollar retreated, and gold rebounded strongly from around 4510, breaking above the 4600 level. The short-term pattern has shifted from weak to strong, but indicators are overbought, and liquidity is relatively weak during the May Day holiday, so the market is likely to remain in a range-bound oscillation.
From the daily chart, gold prices failed to stay above the short-term moving averages, with the 5-day, 10-day, and 20-day moving averages forming resistance. The moving average system is in a bearish arrangement, indicating a short-term downward trend.
The MACD indicator is operating below the zero line. Although the green momentum bars have narrowed, the bullish momentum is still insufficient, and the bearish force continues to dominate the market. Recently, gold prices have been under continuous pressure from the moving averages, with repeated failed rebounds, indicating heavy selling pressure above.
The 4-hour chart shows that after touching a low of $4,560, the price experienced a certain degree of rebound. It is now above the short-term moving averages, and the Bollinger Bands are beginning to contract. The price is moving along the middle band of the Bollinger Bands, showing signs of a bullish trend. The MACD red momentum bars continue to expand, indicating sufficient bullish momentum. The RSI is above the 50 midline, approaching overbought territory but not yet turning down, suggesting upward momentum still exists. However, at the 4-hour level, gold still faces resistance around $4,660-$4,670. If it cannot break through effectively, the rebound may be short-lived, and the risk of a decline should be watched.
The 1-hour chart shows that gold is consolidating in a sideways pattern, with the 5-day and 10-day moving averages converging, indicating a relatively balanced short-term bullish and bearish force. The Bollinger Bands are narrowing, and the price fluctuates between the upper and lower bands, indicating a market in adjustment, awaiting a directional breakout. The MACD repeatedly crosses near the zero line, with frequent shifts between bullish and bearish momentum, further increasing short-term uncertainty.
In terms of operation, before gold breaks out of the consolidation zone, it is recommended to stay on the sidelines and avoid blindly chasing gains or cutting losses. Resistance levels are at $4,660-$4,670, and support levels are at $4,560-$4,580. Overall, for next Monday, GoldShengFu suggests mainly buying on dips and supplementing with short positions on rebounds. The short-term focus should be on resistance at $4,660-$4,670 and support at $4,560-$4,580.
Next Monday's Gold Trading Strategy Reference:
Short Position Strategy:
Strategy 1: Short in batches near 4660-4670 on rebound (buy the dip), with 2/10 position size, stop loss at 4690, target around 4620-4600, and if broken, look at the 4580 level.
Long Position Strategy:
Strategy 2: Buy in batches near 4570-4580 on pullback (buy the rally), with 2/10 position size, stop loss at 4550, target around 4630-4650, and if broken, look at the 4670 level.
Risk Reminder: All operations should strictly control position sizes and set stop losses to prevent extreme market conditions caused by unexpected events.
This article is for sharing purposes only and does not constitute any investment advice!!
Gold Technical Analysis: This week, gold surged then pulled back, stabilizing at low levels. Overnight U.S. market data fell short of expectations, the dollar retreated, and gold rebounded strongly from around 4510, breaking above the 4600 level. The short-term pattern has shifted from weak to strong, but indicators are overbought, and liquidity is relatively weak during the May Day holiday, so the market is likely to remain in a range-bound oscillation.
From the daily chart, gold prices failed to stay above the short-term moving averages, with the 5-day, 10-day, and 20-day moving averages forming resistance. The moving average system is in a bearish arrangement, indicating a short-term downward trend.
The MACD indicator is operating below the zero line. Although the green momentum bars have narrowed, the bullish momentum is still insufficient, and the bearish force continues to dominate the market. Recently, gold has been under continuous pressure from moving average resistance, with multiple failed rebounds, indicating heavy selling pressure above.
The 4-hour chart shows that after touching a low of $4,560, the price rebounded to some extent and is now above the short-term moving averages. The Bollinger Bands are beginning to contract, and the price is trading above the middle band, showing signs of a bullish trend. The MACD red momentum bars are expanding, indicating sufficient bullish momentum. The RSI is above the 50 midline, approaching overbought but not yet turning down, suggesting upward strength remains. However, on the 4-hour level, gold still faces resistance around $4,660-$4,670. If it cannot break through effectively, the rebound may quickly fail, and the risk of a decline should be watched carefully.
The 1-hour chart shows that gold is consolidating in a sideways pattern, with the 5-day and 10-day moving averages converging, indicating a balanced short-term bullish and bearish force. The Bollinger Bands are narrowing, and the price fluctuates between the upper and lower bands, reflecting a market in adjustment, awaiting a directional breakout. The MACD repeatedly crosses near the zero line, with frequent shifts between bullish and bearish momentum, further increasing short-term uncertainty.
In terms of operation, before gold breaks out of the consolidation zone, it is recommended to stay on the sidelines and avoid blindly chasing gains or losses. Resistance above is at $4,660-$4,670, and support below is at $4,560-$4,580. Overall, for next Monday, Jingshengfu suggests mainly buying on dips for short-term trading, with a secondary focus on selling the rebounds. The key resistance to watch is $4,660-$4,670, and the key support is $4,560-$4,580.
Next Monday's Gold Trading Strategy Reference:
Short Position Strategy:
Strategy 1: Short in batches near the rebound zone of $4,660-$4,670 (buy the dip), with 2/10 position size, stop loss at $4,690, target around $4,620-$4,600, and look for a break below to $4,580.
Long Position Strategy:
Strategy 2: Buy in batches near the pullback zone of $4,570-$4,580, with 2/10 position size, stop loss at $4,550, target around $4,630-$4,650, and look for a break above to $4,670.
Risk Reminder: All operations should strictly control position sizes and set stop losses to prevent extreme market conditions caused by unexpected events.
This article is for sharing purposes only and does not constitute any investment advice!!