Quaid_3

The long-term trend for gold remains unchanged, but it may need to digest its gains in the short term. Considering both price action and various structural indicators, the medium- to long-term logic for gold remains solid, but short-term technicals show signs of overheating. The market is more likely to consolidate or undergo a mild pullback to digest recent gains rather than immediately initiating a new round of accelerated upward movement. Overall, the gold bull market is not over, but the market may need a longer period to accumulate momentum before reaching new highs. Gold rose sharply on Friday but began to retreat from the resistance zone. Over the past five trading days, there has been significant disagreement between bulls and bears at the current price, and a decisive breakout has not been achieved in the short term. Given the recent pronounced volatility, the uncertainty surrounding a rapid directional move remains, so trend trading may require patience as the market makes its own decision. For next week's strategy, we maintain our short-term bearish expectation and continue our short-selling approach. While the bulls have put up a strong fight, the expected decline ultimately occurred within the upward resistance zone. In the short term, focus on shorting at the resistance levels of 4350-4355-4375. Traders who held short positions on Friday can continue to wait for prices to fall back to Quaid's predicted level of 4300.I will update more trading information in the channel.

Data released on Thursday showed that US CPI in November was unexpectedly soft, a result that boosted US stocks and weakened the dollar. Normally, this kind of dollar movement would be bullish for gold, but this wasn't the case this time, at least not initially. Gold prices initially fell, then found support at lower levels and rebounded, resuming their upward trend. After the sharp drop and subsequent rebound in gold prices on Thursday, the market continued to fluctuate slightly sideways during the Asian and European trading sessions on Friday. With the daily closing price of gold falling below 4350, the support level of 4300 needs to be closely watched. This level is also a potential entry point for bulls, but the Asian and European sessions did not provide an opportunity for bulls to participate. Currently, gold is showing a slight upward trend amidst fluctuations, but there is still significant resistance around 4350. The current strategy is to focus on short positions, specifically shorting at the key level of 4350. If a correction occurs, it will likely touch the support line near 4300, and a further drop to 4270 is also possible. However, if there is a direct upward breakout, we will adjust our strategy accordingly.I will update more trading information in the channel.Prices successfully retreated from the resistance level, and this week's trading has come to a perfect close. We have all made good profits, and short positions can be held until next week's Asian session; continuing the short position could yield even more profits.

Gold prices have exhibited a consolidation pattern of dipping and rebounding before surging and then falling back. Currently, gold prices are trading above the 5-day moving average, which is also the low point of the US session's pullback, making it the primary short-term dividing line between bullish and bearish sentiment. If the price stabilizes at this level, the market is likely to maintain a sideways-to-slightly-bullish trend; conversely, a decisive break below this level could trigger a downward correction. Short-term resistance is observed in the 4370-4375 area. Gold prices briefly broke through this level on Thursday but failed to hold, subsequently falling back, indicating that the resistance in this area remains effective. The market's reaction to this level will be crucial today: if the price remains under pressure, the range-bound trading will continue; a decisive breakout and sustained trading above this level would shift the short-term structure to bullish, potentially continuing the upward trend after the consolidation. Whether the upside potential can be unlocked will depend on the actual breakthrough of the resistance at this point. Downward support should first be watched in the 4310-4300 area, which combines Thursday's low and short-term trendline support. If the market weakens and breaks below this level, the next key support is in the 4260-4255 area, formed by previous resistance-turned-support, offering stronger support. Quaid suggests prioritizing entry points at key resistance and support levels, seizing opportunities to buy low and sell high within the range, and paying attention to the direction following a breakout. Strategy: Buy at 4300-4310, stop loss at 4290, profit target at 4355.I will update more trading information in the channel.

On Wednesday, gold prices surged significantly, reaching a daily high of $4349 per ounce, boosted by Tuesday's mixed US jobs report, escalating geopolitical tensions, and comments from Federal Reserve Governor Waller. Weakness in the job market could increase the likelihood of interest rate cuts, which would be bullish for non-yielding assets like gold. After consecutive gains this week, gold bulls now face a dilemma: take profits now or wait for a breakout above $4353? This is the key focus for all investors this week. Gold currently has a critical turning point at $4350-$4355. Significant selling pressure emerged at $4350, and if gold fails to break below $4300, it could be considered a buying opportunity. $4350 is a crucial level for gold; a break above this level could change the overall upward structure we've seen in gold prices. However, before gold breaks below the 4300 level, investors will be more cautious about betting on the stock market. Therefore, the best strategy is to wait for the 4300 level to enter a long position. This strategy is time-sensitive and can be implemented before the release of CPI and other data. After the data release, we need to adjust the strategy based on market conditions. I will update more trading information in the channel.

Gold initially faced resistance at 4320 on Tuesday, fluctuating before retreating to around 4272. The US session saw a rebound, but the contradictory non-farm payroll data and unemployment rate ultimately triggered market strength, leading to a further rise in gold prices after the data release. Gold tested resistance around 4335 before retreating to around 4300. On the 1-hour chart, in the short term, gold is facing resistance around 4330, the upper edge of the triangle pattern. If it can hold above this level, the next resistance level to watch is around 4350, the previous high. On the downside, watch the lower edge of the hourly triangle pattern around 4285-4280, while 4300, the middle area of the triangle pattern, needs to be closely monitored. Regarding recent gold price movements, a clear time-based pattern is evident: regardless of the direction of movement during the Asian session, the European trading session mostly shows sideways consolidation, lacking trend continuation; while the US trading session often sees directional reversals. Since the price rebounded from 4308, the moving average system shows that the trend has not yet stabilized and volatility remains significant. The ideal entry point is the support zone of 4300-4290. Quaid suggests focusing on stabilization signals in this zone during the European session. If there is no significant decline during the European session, consider a long position strategy in this support zone to capture a potential reversal during the US trading session. I will update more trading information in the channel.With the price breaking through the first resistance level of 4330, traders executing a long strategy should pay attention to the second resistance level of 4350.

Tuesday's non-farm payroll data release will provide guidance for the market, and the market is more prone to sharp fluctuations in the lead-up to the data release. The long position strategy placed around 4290 yielded a small profit in the Asian session, but the price returned to its original level, indicating a clear short-term resistance. The market is awaiting the data release. If the released value is lower than expected, it will form a support level for the bullish trend, but we also need to be wary of sharp short-term fluctuations and market corrections. The safety line for this bullish trend is at $4255. If the market chooses to break below this level, the trend needs to be reassessed. The release of the non-farm payroll data will also cause market volatility. If the employment data is lower than expected, it will affect the price and stabilize above 4270, potentially breaking through the previous high of 4388. Market fluctuations are rapid, and patience is a core element for any trader. I will update more trading information in the channel.In 30 minutes, the US November seasonally adjusted non-farm payrolls and the US November unemployment rate will be released. Currently, the price is stable above 43090; we need to observe the data's impact on the market.The price has broken through the short-term resistance at 4320. Please pay attention to the second resistance level at 4355-4360.

Gold is currently facing upward pressure at 4355 on the 4-hour chart, and has started to fall back after touching the previous resistance level. It has now fallen back to the support zone around 4310. On the 1-hour chart, the price has broken below the short-term high-level narrow trading range. Short-term moving averages remain somewhat weak, suggesting a potential short-term correction. A technical correction under the pressure above is inevitable. This week's strategy is to follow the upward trend and go long. If a sharp drop occurs, Quaid suggests waiting for the release of relevant data before implementing specific strategies. The current strategy is to capitalize on the bullish rebound, waiting for the correction to complete before engaging in short-term long positions. Trading strategy: Buy gold at 4300-4310, add to position at 4290, stop loss at 4285, take profit at the first resistance level of 4355, and after breaking through, watch the historical high around 4380. More trading information will be updated in the channel.Quaid's analysis is correct as always; prices are slowly rebounding from the low of 4290.

Gold continued its upward trend, exhibiting a renewed upward movement without any pullbacks. The highest point reached was 4350, close to Friday's high of 4253. In this current upward trend, it's advisable to close out some positions with profits, as the bullish momentum is quite strong, and to avoid a technical pullback in prices. Gold has been rising steadily on the hourly chart. Although the rise in silver has contributed to this, the bullish sentiment remains strong. The key question now is whether gold will continue its upward trend and break through 4355. If it does, it will likely test the historical high of 4381. The current trend has been moving upwards along the middle Bollinger Band. Even if there is a pullback, as long as it doesn't break through 4315, the trend will remain extremely strong. The 4-hour chart shows no decline at the Asian open this week. There are currently no suitable entry opportunities in the European session. Short-term focus is on the resistance around 4355, with further testing of this resistance level expected. Quaid suggests a small short position. If there is a strong break above 4355, the target should be the historical high of 4381. Short-term strategy: Try shorting around 4350-4355, with a stop loss at 4360 and a profit range of 4320-4315. The current market is highly volatile; I will update more trading information in the channel.Prices are slowly falling back from the resistance level. Those who have implemented short selling strategies should pay attention to the profit-taking point.The price is approaching the take-profit point for the short selling strategy. Please select the point to close your position.

Gold rose $101.80 this week, reaching a high of around $4350 per ounce on Friday, its highest level since October 21. However, it suddenly plunged over $90 during Friday's US session, falling to a low of $4157 before closing at $4299.87. It's worth noting that this rally did not occur during a typical period of heightened risk aversion, but rather in an environment of recovering risk appetite, primarily driven by a broad weakening of the US dollar. Next week, a flurry of US macroeconomic data will be released, with employment and inflation remaining the market focus. S&P Global will release its preliminary December PMI, and the US will also release October retail sales data and the November non-farm payroll report (including some supplementary October data). On Thursday, the US will release the latest CPI data and initial jobless claims. As these key data releases follow the Fed's decision, coupled with the approaching end of 2025 and reduced market liquidity, short-term price volatility may be significantly amplified. However, Quaid's outlook for next week remains bullish, with strong resistance around 4355, which was the point where Friday's decline accelerated. If the bulls gain momentum again next week, there is a high probability that the price will return to this level, but breaking through it directly will not be so easy. Market fluctuations are inevitable, and we need to patiently wait for key and stable entry points. Therefore, we should focus on the area around 4270 for long positions. I will update more transaction information in the channel.Gold prices rebounded in early Asian trading. Please note the fluctuations and volatility expected during this rebound.