Gold bulls make a second push at high levels to challenge 4300!

CN
CakeBaBa
Follow
2 hours ago

1-Hour Level K Line Chart

I. News Aspect: Safe-Haven Buying Pressure Continues to Rise, Macroeconomic Rate Cut Expectations Resonate

In the last 24 hours, the London gold market has continued its strong upward momentum, with key driving factors as follows:

  • Safe-Haven Demand and Bullish Squeeze (Strong Bullish): After breaking through the two major thresholds of 4200 and 4250, a large number of short-covering buy orders have been triggered in the market, accelerating short-term gains to around the 4300 mark.

  • USD and US Treasury Yields Under Pressure (Bullish): The market's optimistic expectations for a rate cut cycle have heated up, leading to the USD index maintaining a weak consolidation, with funds rapidly flowing into gold and other safe-haven assets.

  • Large Trader Movements and Funding Conditions (Bullish): As gold prices hit new highs, institutional buying interest remains strong, with spot gold buying presenting extremely strong support above 4250.

II. Technical Aspect: Bullish Trend Intact, Short-Term Secondary Upside Pattern

Combining the reference chart of the 1-hour level K line chart, the analysis of key technical indicators is as follows:

  • K Line Shape and Trend: After the previous wave of unilateral surge to the highest 4303.90 USD, a normal technical pullback occurred. Support was found near 4250, followed by consecutive positive days indicating renewed upward momentum, currently priced at 4281.83 USD, showing strong high-level digestion ability.

  • Moving Average System (MA):

    • MA5 (4268.91) and MA10 (4273.10) maintain upward divergence, providing the first dynamic support for the current price.

    • MA30 (4230.85) and MA52 (4167.11) show a solid bullish arrangement, quickly following up.

  • Key Support/Resistance Levels:

  • First Resistance Level: 4285 - 4290 USD (Daily High 4284.38 and dense pressure zone).

  • First Support Level: 4268 - 4273 USD (1-hour MA5/MA10 dynamic support area).

  • Oscillation Indicators (RSI): Bottom RSI2 is 68.10, RSI3 is 69.08. The indicators have turned upward again after retreating from the previous extreme overbought area (>80), indicating that the technical aspect’s overbought pressure has been digested, allowing bulls to accumulate energy to push higher again.

III. Operational Direction: Avoid Blindly Chasing Long Positions at High Levels, Buy on Support Pullbacks in Batches

1. Specific Point Suggestions

  • First Batch Entry Level (Light Position Long): 4268 - 4273 USD (Pullback to 1-hour MA5/MA10 area).

  • Main Position Increase Level (Confirm Long): 4250 - 4255 USD (Pullback to secondary strong support area).

  • First Take Profit Target: 4300 USD (Challenging previous high of 4303.90 USD).

  • Second Take Profit Target: 4320 USD (If it breaks 4304, new space opens up).

  • Strict Stop Loss Level: 4230 USD (Breaking below MA30 indicates that the short-term bullish structure is invalid).

2. Position Management Strategy

  • Total Position Control: It is recommended to control within 8% - 15% of total capital.

  • Position Building Ratio: Experiment with a 5% position near 4270, add 10% on stabilization at 4255, and do not heavily chase above 4285 USD all at once.

IV. Risk Warning and Response Plan

  1. Double Top (M Head) Structure Risk:

    • Risk Performance: If the price again rises near 4300 USD without sufficient volume to break through, it is likely to form a 1-hour level "double top" resistance pullback.

    • Response Plan: When the price approaches 4300 USD, actively reduce positions to lock in some profits, and set breakeven stop losses for remaining positions.

  2. High-Level Pin Wash Risk:

    • Response Plan: Strictly forbid high leverage, and all long positions must have hard stop losses set within the system (e.g., below 4230).

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink