Market_Trader

Information Summary: Spot gold fluctuated narrowly in early Asian trading on Friday, currently trading around 3555. International gold, a traditional safe-haven asset, hit a record high of 3578 on Wednesday amid growing global economic uncertainty. Traders are focused on the upcoming US non-farm payroll report, which could directly influence the pace of the Federal Reserve's interest rate cuts and, in turn, gold's performance. Market Analysis: After seven consecutive days of gains, gold experienced a sharp sell-off in Thursday's Asian session. Technically, this closing pattern is likely a continuation of an upward trend, as prices remain within the ascending channel. Furthermore, a double top or head-and-shoulders top formation has yet to emerge and establish. The daily chart retreated to yesterday's 5-day moving average near 3511 before bottoming out and rebounding, rebounding again to around 3560 in the European and American trading sessions. The short-term 4-hour chart shows gold prices trading within the upper middle limit of the Bollinger Bands, with the moving averages converging and the hourly Bollinger Bands closing. Regarding news data, focus on the non-farm payrolls today. While the market's forecast is slightly bearish, the 4.3% increase in the unemployment rate is bullish. On the last trading day of this week, we will focus on wide range fluctuations, with low-level long positions as the main layout during pullbacks and high-level short positions as auxiliary. In the current environment, weak employment indicators have reinforced expectations of rate cuts and also supported the safe-haven demand for gold, but if the data exceeds expectations, gold may face greater pressure. However, if the data exceeds expectations, gold may face greater pressure. Trading Strategy: Long around 3535, stop loss at 3525, target 3560-3570-3590. Short around 3575-3580, stop loss at 3590, target 3540-3520-3500.

Gold began to make technical adjustments after hitting a high of 3578 in the U.S. market on Wednesday. After the opening of the Asian market on Thursday, gold fluctuated downward, hitting a low of around 3511 before starting to rebound. The daily line is still in a weak form, but in the continuous upward market, a small pullback is a technical repair. After the release of ADP data on Thursday, the market continued to fluctuate at a high level, and the price of gold did not develop a new trend due to the data. Judging from the current gold trend, the short-term support below is around 3525, and the second focus is on the early Asian market pullback position of 3510. 3500 is the last line of defense for the bulls. If it falls below this position, the overall trend will most likely change. The short-term bullish trend line is 3500. Ahead of Friday's non-farm payroll data release, the daily chart stabilizes above this level and continues to support pullbacks. Trading strategy: Go long on a pullback near 3535, add to your position at 3325, set a stop loss at 3515, and expect profit margins of 3350-3360-3370.

Gold prices have been falling steadily in early Asian trading, disrupting the bullish momentum and causing losses. This short-term impact on bullish sentiment has prompted gold to enter a correction cycle, likely characterized by volatility, pending the release of US ADP data for a new trend. However, judging from the current situation, with the weak ADP data, gold is likely to enter a downward trend. On the 1-hour chart, after a surge and subsequent decline, prices have continued to decline, breaking through the 3545 support level, reaching a low of 3511.41 before rebounding slightly and remaining in a range around 3530. In the short term, a head-and-shoulders pattern is likely forming on the 1-hour chart, which warrants close attention. Gold prices have already risen significantly, prompting a constant alert for a reversal. Trading strategy: Short gold near 3545, with a stop-loss at 3555 and a target range of 3510-3500. You can continue to hold after it falls below 3500.

Gold is currently maintaining a relatively stable upward trend along its short-term moving average on the daily chart, but a top signal has yet to be seen. After the 4-hour level rose, it temporarily maintained a high level of fluctuation with a slight upward trend. The current market retracement is not strong, and the price still remains on the short-term moving average. In the short term, watch for a possible secondary upward move after the sideways correction in gold. On the hourly chart, the technical pattern is gradually recovering, with the short-term moving average continuing to diverge upward. Prices are slowly emerging from their short-term range of fluctuation. Focus on further upward movement after the price retreats. Trading Recommendations: Go long near 3540, with a stop-loss at 3530, and a profit range of 3570-3580. Go short with a small position at 3575, with a stop-loss at 3585, and a profit range of 3550-3540.

A slight pullback followed by continued gains? Gold has surged 100 points since the start of this week, with consecutive daily gains, returning to a strong trend and continuously setting new all-time highs. The 1-hour chart shows that prices opened higher in early Asian trading on Tuesday. After a slight pullback in European trading, prices surged sharply in the US market, influenced by data. Currently, focus on the 3510-3500 trend line. If the strong upward trend continues, prices must not fall below this range. The hourly chart shows that the overall trend remains within the upper limit of the advanced Bollinger Band. After the early Asian rally, there is a high probability of further gains after a pullback. The overall trend is upward, so follow the trend. The current market is very simple to trade: go long on any pullback. Trading strategy: Go long around 3525, with a stop-loss at 3505 and a target of 3550-3570.

On Tuesday, after repeated price fluctuations, gold broke out again, closing higher on the daily chart and completing its sixth consecutive positive day. The overall bullish trend remains extremely strong, and bullish sentiment dominates the market. Technical indicators remain unchanged, with the moving average system showing a standard upward diverging bullish pattern. Recently, gold prices have been steadily rising against the 5-day moving average, making it a crucial short-term support line in the current market. Regarding key price levels, the initial focus is on the support strength at 3500. This level, a previous high, failed to hold immediately after breaking through in early Asian trading on Tuesday, but continued its upward trend in the US market, creating a "top-bottom reversal" support effect. If the Asian market retreats on Wednesday, the support at this level will directly affect short-term bullish sentiment. On Wednesday, Quaid believes that as long as the bullish support line at 3500 holds, prices will continue to rise. Trading strategy: Go long at 3520, with a stop-loss of $10 and a target of 3580 or above.

Information Summary: Rising expectations of a Federal Reserve rate cut, coupled with growing market concerns about the independence of the US central bank, have fueled increased safe-haven demand for precious metals. Since 2025, gold prices have risen by over 30%, making it one of the best-performing major safe-haven commodities. On Tuesday, gold prices surged again in the US market, influenced by the ISM manufacturing PMI data. After hitting a new high of 3508 in the Asian session, they reached another all-time high, now exceeding 3520. Market Analysis: Looking at the hourly chart, Tuesday's Asian session broke a cycle. For the past two weeks, the Asian session has tended to see a dip after opening, followed by a sharp rebound. Tuesday morning, the market surged $30, reaching a new all-time high. Finally, it faced pressure around 3510 in the European session before retreating slightly. The European session's price decline was due to the UK fiscal crisis. The British pound plummeted sharply in the short term, driving the US dollar higher, which in turn depressed gold prices. However, the dollar has continued to rise, while gold has not fallen much. The US itself is facing a debt crisis, so gold remains the ultimate safe haven. Currently, the market is focusing on the important support level of 3475, followed by 3465. Stabilization above these support levels could lead to a renewed push above 3500. Trading Recommendations: Short around 3530, stop loss at 3540, with a profit range of 3490-3480-3470. Long around 3470, stop loss at 3460, with a profit range of 3500. Hold the position after a breakout.

Gold, after a slight pullback at the Asian open on Monday, rallied sharply, reaching a high near 3486 before retracing. The US market, affected by the holiday, saw little performance, and the continued sluggishness of the European session also misled the market on the short-term divergence between bulls and bears. Gold surged again in the early Asian session on Tuesday, hitting a new all-time high near 3508, shocking the market once again. A further break below this level could open up further upward potential. While it's currently impossible to predict the peak, a reversal generally requires significant strength and momentum. Without a surge in bullish momentum, the probability of a short-term reversal is low, and another upward move is likely. Currently, support should focus on the retracement low near 3485, which also marks the top-bottom reversal point from Monday's high. Key support and a watershed below is likely to remain near Monday's correction low at 3466. A break below this level could signal further market volatility. Judging from the current overall trend, Quaid believes it's best to prioritize a long position. Trading strategy: Go long near 3485, stop loss at 3475, profit range 3505-3515. If weakness persists in the European session, further attempts can be made around 3470.

Information Summary: Against growing global economic uncertainty, the spot gold market has experienced a strong rebound. Prices hit a record high of 3508.58. This rally reflects not only investors' strong expectations for a Fed rate cut this month, but also a combination of factors, including a weakening dollar, trade policy shifts, and global political risks. Most traders believe that if the job market continues to weaken, the safe-haven nature of international gold prices will become even more pronounced, driving prices higher. Technical Analysis: Gold's daily trend structure remains intact, with prices trading within the upper Bollinger Band. The RSI indicator is at a high of 70.8. Upside potential is gradually shrinking, so watch for a pullback after a surge. The gold price in the short-term four-hour chart and hourly chart remains in the upper and middle track of the Bollinger band, and the moving average continues to move upward towards the 3480 mark through a golden cross. The RSI indicator is currently around 78, entering the overbought zone. From a technical perspective, the main trading direction of gold remains low and long, but the price has reached a relatively high level and the indicator is overbought. Watch for a correction in gold prices, perhaps a pullback from a surge. Trading Strategy: Short-term long positions in gold near 3470, with a stop-loss at 3460 and a profit range of 3490-3510.

On Monday in Asia, gold surged sharply after the US Court of Appeals for the Federal Circuit ruled that Trump's tariffs were illegal. So far, it has reached a high of 3489. However, the closer the market reaches these points, the more it suggests a reversal may be imminent. This week's non-farm payroll data and the interest rate decision in mid-September will be catalysts for the market. The daily chart clearly shows that the daily chart has now risen for nine consecutive days. In the short term, it has been fluctuating slightly around 3375. The current market is no longer suitable for long positions. The only remaining uncertainty is whether it can reach the high of 3500. Given the timing, a correction is highly likely in the US market, perhaps even a sharp one in Tuesday's Asian session. Therefore, gold may continue to consolidate at a high level in the US market, before experiencing a correction after breaking through 3500 in the Asian session on Tuesday. Therefore, Quaid believes that it is not suitable for a large-scale bullish trend at the moment. If it reaches the high point of 3500 and a top structure signal appears, you can short at this position. Don’t hesitate, give it a try.