Current gold price resistance: $5,200

As shown in the figure (5-minute chart):

Today we’re sharing three strategies for buying on dips, each of which generated profits of approximately 400 pips, equivalent to approximately $4,000.

Our price target for the day was approximately $5,195, which was accurately met.

So, what will happen to gold prices next?

Let’s return to the analysis of macroeconomic structure:

Gold prices broke above $5,195 per ounce, confirming the strong breakout pattern we analyzed yesterday.

1. The breakthrough is confirmed and the upward trend is strengthened. The market logic has shifted from a simple “buy the dip” strategy to a strong bull market driven by “political uncertainty + geopolitical risk + technical collapse”.

2. After the Supreme Court overturned some of Trump’s tariff measures, he announced a temporary 15% tariff on global goods. Frequent policy changes have heightened market uncertainty, causing the dollar to depreciate. 3. Tensions between the United States and Iran escalate. Satellite images show a significant increase in the number of U.S. troops deployed in the Middle East, and media reports suggest Trump is leaning toward taking action against Iran within days.

Although negotiations are scheduled to take place on Thursday, the market is currently focusing more on the risk of war.

The entire technical landscape has shifted into an uptrend as the price broke above the $5,175 to $5,200 area today.

Major price level updates:

Strong resistance: $5,200 (psychological level), $5,250 (daily rising trend line and early high volume area), $5,300.

Strong support: $5,170 (the highest level during the Asian session, currently a support level), $5,150 (short-term upward support line), $5,100 to $5,120 (key weekly support).

Trading advice: Based on the current pattern of “strong fundamentals + technical breakthroughs”, it is recommended to follow the trend and pay attention to the possibility of increased fluctuations near the psychological price.

1. Trend Following Strategies

Given the current strong momentum, buying on dips remains the preferred strategy. Don’t try to predict the top, but wait for the price to rebound and confirm at support.

Ideal entry area: If gold prices fall to around $5160-5170 at the opening today or tomorrow and show signs of stabilization (such as a long lower shadow or a bullish engulfing pattern on the hourly chart), it can be regarded as a short-term buying opportunity.

Stop Loss: Stop loss should be set below $5,150.

Targets: Bullish: The first target is $5,200; if this target is exceeded, hold the position to $5,250.

2. Breakout Strategy (For Aggressive Traders): If gold prices trade above the $5,200 level tonight or tomorrow morning on trading volume, and the 15-minute chart closes above that level, consider the following strategy:

Entry area: Open a small position near $5,200 to $5,210. Protection: Place a stop-loss order below $5,180.

Price target: Upgraded: $5,250 to $5,280.

Key Psychological Price Level: $5,200 is an important psychological price level where competition between buyers and sellers will be fierce. Traders who want to profit from the rally must carefully control their position size to avoid exiting trades during periods of high volatility.

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