Gold Oscillation Market Iron Law! 4695 Resistance Opens Downward, Support for Low Buying—Don’t Chase Recklessly, Target Precise Levels and Copy

Gold is currently in a standard oscillating tug-of-war pattern, with no unilateral trend, switching between bulls and bears back and forth. Trading logic must strictly adhere to the range discipline! All upper resistance and lower support levels are clear. The core strategy is summarized in one sentence: short at resistance, long at support, absolutely avoid chasing the market on rallies!

First, highlight the key point: the short-term new resistance is locked at around 4695. This is the critical position for the first wave of shorting. As long as the market rebounds near this zone, directly set up short positions to profit from the pullback, playing the game of high rebound and fall. Don’t hesitate about the rebound strength— in a oscillating market, resistance levels are signals for bears to enter.

Next, look at the current market situation: the key support within the day is at 4640-4645. The lowest price only touched 4648, failing to reach the core support level, so long positions should only be patiently waiting and not bottom-fishing prematurely. Entering blindly before support is reached can easily lead to whipsaw losses. In a oscillating market, impatience is deadly; entering at key points is the safest.

Additionally, the core plan remains unchanged for the gap at 4715! This gap is a strong intraday resistance. As long as the price rises near it, it’s an excellent opportunity for a trend-following short. The bearish suppression logic remains fully in effect, with no plan change or deviation in direction.

Based on the overall market outlook, the trading strategy is simple, memorable, and straightforward to execute:

Short idea: Short at the 4695 short-term resistance and the 4715 gap resistance—when these levels are approached, short to profit from oscillation pullbacks;
Long idea: Stick to the core support at 4640-4645, wait patiently until the price reaches these levels, then set up low buys to catch rebounds.

Finally, a warning to all traders: the biggest taboo in oscillating markets is chasing rallies and selling dips! Many see a rise and chase, see a fall and sell, only to enter and see the market reverse, resulting in whipsaw losses and increasing chaos. Oscillating markets lack continuity—rises are traps for bulls, falls are traps for bears. The only profitable logic is to short at resistance and buy at support, strictly stick to the range, and avoid greed and impatience.

No need to panic during market swings—follow the support and resistance levels, and steadily capture each wave of profit! $BTC $ETH #特朗普5月13日访华