Gold Market Analysis and Trading Strategies

From a macro perspective, last week gold found effective support near the 4,000 USD round number, leading to a quick short-term rebound, and the price has now risen back to around 4,330 USD. On the daily chart, the current trend is still in a technical correction phase following a deep adjustment, and cannot be simply defined as a full trend reversal. Key resistance levels to watch above are in the 4,350–4,370 USD range. If the price can break through with volume and stabilize, there is potential for a short-term test of the 4,385–4,400 USD zone; if it repeatedly encounters resistance in this area, caution is needed for a pullback after a rally.

However, on the hourly chart, after the previous rally, the price did not experience a significant pullback but instead maintained above 4,300 USD with sideways consolidation at high levels. This pattern indicates that short-term bullish sentiment remains strong, and the market is not simply experiencing a weak rebound; there is strong support below. Overall, gold shows a slightly bullish oscillation pattern in the short term but has not yet entered a one-sided strong rally phase. Trading should remain rational, avoiding blindly chasing the highs.

Regarding key levels, the first support below is at 4,300 USD, followed by the 4,260–4,250 USD zone. As long as the price does not effectively break below these supports, the short-term structure remains bullish; if 4,250 USD is broken, it indicates the momentum of this rebound is exhausted, and caution is needed for a return to weakness. For today’s trading, it is recommended to regard 4,300 USD as the key dividing line between long and short positions, with a bullish bias. Resistance levels on the upside include last night’s high of 4,370 USD and the 4,400 USD round number. Overall, position sizing should be strictly controlled. #TradFiCFD黄金大师赛