JosephChristian

The current trend of gold is complex, affected by multiple factors. The radical tariff policy has made many countries concerned about trade retaliation, which highlights the strong position of the United States as an important buyer market in the world, and has also caused market uncertainty to a certain extent. After the sharp drop on Thursday and Friday last week, the intraday fluctuation of gold reached $100 on Monday, the lowest point fell to $2,954, and the cumulative decline from the high of $3,167 was more than $200.Gold is currently in the fourth trading day of decline and adjustment. Although there was a rebound in the morning, the 1-hour moving average is still in a downward short position arrangement, and the short volume has not decreased, indicating that the short-term short trend is still continuing. Gold prices are also trying to recover lost ground after falling, but the rebound is weak. The bottom signal has not been confirmed yet. At present, given the obvious short trend, Xu Gucheng recommends rebounding shorts as the main strategy and callback longs as the auxiliary strategy, and pay close attention to the upper resistance of 3025-3030 and the lower support of 2956-2950.Operation strategy 1: It is recommended to go short at 3025-3030 on the rebound, stop loss at 3040, and the target is 3000-2970. If it breaks, it will be 2050.Operation strategy 2: It is recommended to go long at 3000-2994 on the pullback, stop loss at 2988, and the target is 3020-3030.

When the market was falling, we placed a long position at 2980 and took profit at 3000; when it fell for the second time, we continued to buy at 2980 and took profit at 3040; when it rebounded and touched 3054, we went short, reduced our position at 3032, and took profit at 3021. The current market fluctuates greatly, and the profit made around the two positions of 2980 and 3054 is already very considerable.There are many points worth interpreting in the intraday market, let's review and replay:Today, the market bottomed out and rebounded, and the market fell sharply at the opening. Did you chase the short position? The 2980 first-line support was tested many times without breaking, which was a move to lure shorts, waiting for you to get trapped.What was the result? Did it rebound at the 2980 first-line support? From the low of 2972 ​​to the high of 3054, the hourly single-yang rebound reached 82 US dollars, which did not give you a chance to escape.The position of 3054 is in line with the regional pressure of 3050-3060 mentioned at the weekend. It is a top-bottom conversion position. The low point of last Thursday broke the support and turned into pressure on Friday. If it is touched today, it must be shorted no matter what.Of course, there is also a false move here at 3054. The first time it touched the pressure and fell to 3036, and then it attacked again to test 3054 again. Did you chase it? It was finished as soon as you chased it. Then it fell to 3017, and the drop of 37 US dollars directly swept away your long.So, if you say whether technical analysis is useful or not, it must be useful. Of course, there are times when it fails. For example, in the market that fell straight throughout the whole process like last Thursday and Friday, any analysis is meaningless, but this is a minority after all. The technical reliability of returning to normal trend is still trustworthy.So how should gold be viewed in the evening?Today is the third day of continuous decline. From a technical point of view, such a continuous and large decline usually lasts for about 3 days, and no more than 4 days at most, and it will turn positive and correct, so the decline of gold today has slowed down significantly.The intraday rebound was under pressure at 3054 and it was trading sideways. The European session was volatile and was accumulating momentum. Be careful of a high rise and fall in the evening. Focus on the break of the 3054 first-line pressure. If it breaks above, we will see further pressure at 3073. If it falls below the intraday low of 3013 in the evening, then we will see a second test of the lows of 2980-2972. Pay attention to whether a double bottom support structure can be formed here.

Overnight, gold prices encountered resistance near $3,150 and then fell back as traders took some profits near the all-time high. The current gold price is $3,123.39/oz, up 0.31%, with a high of $3,135.60/oz and a low of $3,107.29/oz. If gold falls below $3,100, it will move toward the nearest support level of $3,050-3,060. If gold stays above $3,100, bulls will remain in control. If the rally continues, the first resistance will be the all-time high of $3,149, followed by the $3,200 mark.From the daily chart of gold, the high and low of gold on Tuesday moved up from the previous trading day, which limits the bearish potential of gold. All moving averages are still far below the current gold price level and continue to rise. The 20-day simple moving average (SMA) is currently around $3001.00/ounce. Although the daily line has pulled back, the trend has not changed. There is a certain peak pullback pressure in the short term. The current trend has not fallen below the 5-day moving average support. The bulls still have expectations of strengthening again. Therefore, before closing below the 5-day moving average, it is still bullish. From the 4-hour chart of gold, the technical indicators are steadily falling, but they are still above the midline. There is a repair trend today, and the main focus is on whether 3150 can be broken.From the trend of the past two days, we can get several signals. Although the bulls are strong, the gold price has exceeded dozens of points when it has a wave of pullbacks at high levels. Another is that the low point of the pullback on Tuesday did not fall below the low point on Monday, and even the low point of the pullback in the US market has just been touched. Therefore, today's thinking is to treat it as a bull first. Gold prices rose again at the opening today, mainly affected by the tariff news. As of press time, gold prices were trading around 3125. At the hourly level, although it is bullish, we need to pay attention to whether yesterday's high of 3148 can be broken. Only after breaking through can we continue to look at 3173, followed by the extreme extension of 3218. For specific operation ideas, I suggest waiting for a pullback near 3115 to intervene in long orders, with the primary target at 3148 and the secondary target at 3173-3178.Gold falls back to 3083-3087, stop loss at 3077, target at 3130-3135, continue to hold if it breaks. If you are hurt in the market, you can click on my link and I can help you get back on track.

Gold is bound to reach 3100. Last week, after several days of shocks, gold broke through the high and rose sharply. On Friday, it reached 3087, and the daily line closed with a big positive for two consecutive days. There is only a dozen dollars left to reach 3100, and there is no doubt that it will be won next week.On Friday, the high level fluctuated sideways, and it tested the high point of 3086 many times from the US market to the early morning. The more it tested, the greater the probability of breaking. Finally, it closed near the high point of 3085.If this kind of strong market closes strongly at a high level, then there is a high probability that the market will directly rise and break the high at the opening on Monday morning, or will go straight to around 3100. Even if there is a retracement, the amplitude will not be too large. Pay attention to the support line of 3073-3067.How much room is there above 3100?This wave of strong breakout and rise is somewhat affected by the tariff policy. The rise in risk aversion has helped push gold to a new high. After a large increase in bullish volume, it may slow down. It mainly depends on the expectation of tariff policy, buy expectations and sell facts. The previous rise has fully digested the impact of the news. Facts have proved that if it continues to rise, it is expected to slow down or even fall in stages.The retracement range of the previous high of 3057-3000 is only 57 US dollars, which can only be regarded as a small correction. Under the influence of the news, it will break the high again. It is possible to see more above 3100, but it is really not recommended to chase more.Because after the New York futures gold broke through 3100 US dollars on March 28, the number of contracts delivered on the first fixed position day of the April contract was as high as 34,865, with a total of 3.49 million ounces, that is, 108 tons, a historical record. In the case of gold continuing to rise and break high, this huge delivery will make it highly likely that there will be a large-scale run on gold in April.In the previous round, the price of gold bulls went from 2286 to 2790, which was 504 US dollars. If calculated from 2277 to 2790, it is 513 US dollars. It peaked at 2790 and fell to 2536, which was 254 US dollars.In this round of bull market, the price went from 2583 to 3100, which was 517 US dollars. If calculated from 2596 to 3100, it was also 504 US dollars.According to the same rise and fall in the previous round, there is a possibility of a sharp decline above 3100. Be careful of risks if you are bullish but don't chase the long position. If the price drops by 254 US dollars from 3100, it is 2846, which is also near the starting point of the second rise, which is consistent with the technical aspect.Gold operation suggestions: Go long at around 3122-3125, stop loss at 3115, target first at 3155. If you are hurt in the market, click the link. I have the confidence to help you get back on track.

Spot gold opened higher and moved higher in the morning trading on Monday (March 31), breaking through $3,090/ounce and setting a new record high of $3,111.54/ounce. The market was mainly driven by geopolitical risks and market concerns about the global trade war, which attracted investors to safe-haven assets. The market expects the Federal Reserve to cut interest rates by 63 basis points this year, starting in July. Goldman Sachs raised the probability of a US recession from 20% to 35%. Goldman Sachs expects the Federal Reserve to cut interest rates in July, September and November. The market is currently preparing for Trump's plan for reciprocal tariffs on April 2.This week, the focus will be on the implementation of global trade tariffs on Wednesday and the non-farm payrolls report on Friday, which may strengthen gold's safe-haven appeal. Other important data include the ISM manufacturing PMI and JOLTS job openings on Tuesday, ADP employment on Wednesday, and the ISM non-manufacturing PMI and initial jobless claims on Thursday.Gold has four consecutive positive weekly lines, and the price has risen strongly based on 5MA. The K-line continues to diverge upward against the upper Bollinger track. Last week, the K-line closed with a real big positive line, and there will be further continuation this week. The upper track has moved up to around 3122, but today's monthly line is closed. After the high, we must also be careful of the risk of retracement. The daily K-line also broke the high after the consolidation last week. The current price has risen to 3111. The bulls are very strong, and there is further short-term growth. Pay attention to the resistance near the upper track 3117 in the short term, but it should be noted that MACD has signs of top divergence, so be careful of the market going up and falling back to wash the market. The 4-hour chart is also in a very strong trend.Intraday operations still adopt the idea of ​​low-to-long, bullish but not chasing the rise, gold rose and broke the high in the morning, so the European session will continue, the intraday support is 3097-3086, the watershed is the early low of 3076, the European session falls back to around 3097-86 and continues to be long, focusing on the strength of the European session, the European session is strong, and the US session has a second rise, if the European session is weak, the US session will fluctuate.Gold strategy: It is recommended to buy at 3097-3095, stop loss at 3086, and target 3113-3122-3132Gold operation suggestions: Go long at around 3122-3125, stop loss at 3115, target first at 3155. If you are hurt in the market, click the link. I have the confidence to help you get back on track.

It is indeed a new round of gold reverse pick-up, retreating to the lowest level of 3076, breaking the new high again, and reaching the exaggerated point of 3112 as of now. The dream of gold reaching 1,000 yuan that the market expects is within reach. In such a violent market at the opening of this week, should we aggressively chase the rise or short? First of all, there are three consecutive positive lines on the daily line, and the bullish trend is actually very obvious. Today, the bulls pushed the point up and stood firmly above 3100, so there is still room for continued rise, and vice versa.The low point of the morning retracement on the hourly line is the dividing line between strength and weakness today. If the price retraces again, the strong trend will be weak. If the price continues to rise in the afternoon without retracement, it will be difficult to choose the entry point. If the position is chosen aggressively, the volatility will be high and the price will lose money. If the position is chosen conservatively, the entry point will not be reached. There are too many factors that affect the rise and fall of gold at present.Gold fell back to 3090-3100, stop loss at 3085, target at 3020-30, no prediction for upper resistance for the time beingGold operation suggestions: Go long at around 3122-3125, stop loss at 3115, target first at 3155. If you are hurt in the market, click the link. I have the confidence to help you get back on track.

Technical analysis of gold: Gold rebounded to around 3031 yesterday and then began to retreat. It continued to rebound after touching the lowest level of 3012 in the US market, and the daily line closed in the form of a negative cross star. After opening in the morning, it has been rising all the way and has now reached above 3030 again, continuing to approach the previous high of around 3036-38. In the short term, it is very likely to form a range of shocks again, and this position may also be the position of the high suppression port in the near future, and it is also the ideal point for short positions. Once this position continues If the pressure is effective, a falling pattern is likely to be formed, which may also be the last wave of bullish pullback, and the support below will continue to be maintained near yesterday's low of 3012, which will also be the last line of defense for the bulls. Although the bulls seem strong at present, the pressure from above is self-evident. The market is often the same. What seems strong may not be strong, but just a confusing behavior to lure more. In the morning, I repeatedly emphasized that the key pressure level of gold is 3036, so I gave the idea of ​​shorting at 3036 in the morning, and I am still making a profit.Gold continued to fluctuate in a large range in the one-hour period. Before there is a trend breakthrough, gold will continue to fluctuate. Gold is under pressure at high levels and is still mainly short at high levels. After all, the overall strength of the bullish rebound is still weak. The high point of the gold bullish rebound has begun to decline, and the low point of the oscillation has also begun to decline. Then the overall situation is still a bearish oscillation. We should first arrange short orders around this position and wait to see the strength of the European session. If the European session continues to break upward, the bulls are likely to pull up again. On the contrary, the current high is likely to be generated. In this case, gold will first short near 3036-38 during the day, and the target will be near 3015-10. On the whole, today's short-term operation strategy for gold is to mainly short on rebounds and long on pullbacks. The short-term focus on the upper side is the 3036-3038 resistance line, and the short-term focus on the lower side is the 3010-3012 support line.Strategy 1: When gold rebounds to around 3036-3038, short sell (buy short) in batches, 20% of the position, stop loss at 3055, target around 3020-3015, break to target 3010Strategy 2: When gold falls back to around 3010-3012, buy two-tenths of the position in batches, stop loss 8 points, target around 3020-3025, and look at 3030 if it breaksGold is over 3070, stop loss is 3060, target is 3100. If your transaction is not going well, you can click on the link and I can help you.

Gold fell by $57 from 3057-3000 at the end of last week. It fluctuated downward yesterday, and the daily line closed negatively, touching the short-term moving average. From the perspective of bull correction, the adjustment has not yet been completed, and there is still a possibility of further decline. The probability of breaking the 3000 mark is very high.However, the current market has entered a period of volatility, and the long continuity is very poor. It fluctuated upward during the day yesterday, and only began to fall in the evening, closing at a low in the early morning. The overall trend is still a volatile trend. This morning, the bottom was hit and rebounded, and the price broke through the high of 3014 in the early morning, but it is not recommended to chase blindly. Focus on the trend of the European session. If the European session goes up, it will be regarded as a shock in the evening. If the upper pressure is touched at 3035-3038, you can go short.However, if the European session falls and breaks below 3007, then today will be a bearish trend, and the 3000 mark will also be lost. Be careful not to repeat yesterday's trend today, so you must pay attention to the rhythm of the European session. If it fluctuates upward, you can still go high in the evening.Therefore, in general, gold is still expected to fluctuate today. Pay attention to the pressure of 3035-3038 on the upper side, and the support below is 3007-3002. Pay attention to the watershed position.In terms of trading, yesterday Monday did not continue the bearish view on Friday, but chose to buy more near 3010, but the market failed to give it. At noon, it was aggressively long at 3017, and the European session stopped profit at 3029, winning 12 US dollars; it fluctuated upward during the day, and stepped back to 3017 twice in the evening. The retracement of the US session was too large, and the stop loss was exited at 3014 before the break, losing 3 US dollars; two orders earned 9 US dollars.Gold is over 3070, stop loss is 3060, target is 3100. If your transaction is not going well, you can click on the link and I can help you.

Technical analysis of gold: From the technical point of view, gold has retreated for three consecutive days, which is somewhat special in the previous crazy continuous rise. Usually, the negative line in the daily continuous rise, as long as the European session is resistant to the decline, sell short before the US session, and the watershed morning high point, usually the US session will rely on the previous day's low point to make a watershed stop loss, and according to the technical form, the rhythm of the daily line is destroyed. Whether it can bottom out and rebound today still needs to be observed! Today, the gold price opened near the short-term moving average MA10, and the short-term moving average MA5 began to turn downward. After yesterday's market surged, it was blocked near the MA5 moving average and began to fall. Today, we need to focus on the resistance formed by the MA5 moving average. If the gold price falls below yesterday's low of 3002, then we can continue to follow the short trend and look down. Focus on the upper side of the row pressure level of 3028 at the end of yesterday's trading, and participate in short orders during the day at this position.Gold 4-hour chart relies on the middle track of the Bollinger Bands to rebound. The middle track is the short-term strength and weakness distinction point. In the adjustment trend, the weakness is below the middle track. It is also a distinction point, combined with the hourly chart above. In the step-down shock, although the rebound yesterday was slightly higher than the 3033 line, it was still running below the second highest point of 3038 as a whole, a complete step adjustment trend. The second highest point is not lost, the trend is not changed, and today's operation relies on the 3033 high point as a defense to continue to follow the trend and fall back. The low point of 2020-2026 is still a resistance point. After the short position of 2028 was reduced yesterday, the bottom position continued to break the 3000 small band. Short positions rebounded slightly today near 2020-2023 and continued to short. Defense at 3033 is enough. The target is to reduce the position and then leave the bottom position to look down at 2990-2980. The space depends on the shape. As long as it closes at a low level, the adjustment space will be further deepened the next day. On the whole, I suggest that the short-term operation strategy for gold today is mainly short-selling on rebounds, supplemented by long positions on pullbacks. The short-term focus on the upper side is the 3020-3025 line of resistance, and the short-term focus on the lower side is the 2999-2980 line of support.Short order strategy:Strategy 1: Short (buy short) 20% of the position in batches when gold rebounds around 3020-3023, stop loss at 3055, target around 3010-3000, break to target 2890Long order strategy:Strategy 2: When gold falls back to around 2990-2993, buy long positions in batches (buy up) with 20% of the position, stop loss 8 points, target around 3000-3005, break the position and look at 3010Gold is over 3070, stop loss is 3060, target is 3100. If your transaction is not going well, you can click on the link and I can help you.

The weekly closing line is mediocre, with shadows but not long, indicating that the short momentum above is not strong. The same is true for the daily line, with a long lower shadow pattern, which offsets the original strong downward pressure of the evening star, causing some participants to start to tangle. The market is likely to sweep up and down at the beginning of the week, and oscillate to measure the strength of the ups and downs. Note that if gold refreshes the 3,000 low this week, gold is expected to fall back to the 2957-65 top and bottom conversion position this week.The gold 1-hour moving average has begun to turn downward, and is about to cross downward. If the gold 1-hour moving average crosses downward to form a dead cross short arrangement, then the gold downside may open up. The gold 1-hour moving average resistance has now moved down to around 3035. So the gold 1-hour will continue to be short at highs despite the pressure at 3035 in the early trading. The gold 1-hour high has formed a head and shoulders top structure. As long as the gold bulls cannot break through the new high again, the gold 1-hour is in the process of building a high top.In addition, the opening of this week continued the weak adjustment of last week. Today, as in the weekly review, it is still bearish and retracement. For shocks, prices fluctuate, and it is difficult for us to think unilaterally. It depends on which side you grab. The upper resistance focuses on the early high of 3026, and the second is the opening point of last week at 3035! In the short term, all the divergences and indicators on the gold hourly chart have been corrected. Now it is correcting after oversold, which resonates with the big cycle. Pay attention to the continuous pull-down of the high point during the day, which resonates with the Bollinger Bands.Gold rebounds to 3025-30 short, stop loss at 3035, target 3010-05.Gold is over 3070, stop loss is 3060, target is 3100. If your transaction is not going well, you can click on the link and I can help you.