The battle for gold has begun! Sell ​​first, buy later: key strategic aspects

💫 Yesterday, Thursday, the gold market was very volatile, and the conflict between buyers and sellers was very intense. The price fluctuated frequently and finally closed near 5185.

📊 Yesterday’s market summary

Looking at the chart, during the Asian session, gold prices opened near 5160, then briefly fell to 5159, then quickly rose to 5182, then fell to 5155 to stabilize, and then rose again, breaking through the 5200 mark, reaching a maximum of 5205. However, buyers failed to maintain their strength, and the price subsequently fluctuated lower and stabilized in the 5199-5190 range. ⚡

After the opening of the European session, gold prices continued to fluctuate significantly, fluctuating between 5179-5190, and then tested the 5168 level. Although it rebounded to 5189, it fell back to 5166 and finally closed at the lower level of 5158. Before the US market opened, the price rebounded to 5187, and then fell back to around 5168.

During the U.S. session, price volatility intensified. Gold initially trended lower, hitting a low of 5140, then quickly rebounded to 5172, but faced selling pressure and quickly fell to a low of 5130. However, this decline did not last, and the price quickly stabilized and then rebounded, hitting a high near 5192 before midnight. At midnight, the price of gold fell from 5187 to 5173, and then rose to 5189, but selling pressure returned, pushing the price down to 5161. On the last trading day, the price of gold rebounded from the lowest level and reached a maximum of 5200. However, the bulls failed to effectively break through this mark and eventually entered a period of shock, finally closing at 5185.

Market Analysis and Forecasting

The current market contrast between long and short is obvious, bullish forecasts overlap with bearish forecasts, and transactions are relatively close. Judging from the news, geopolitical tensions such as the lack of new progress in U.S.-Iran negotiations and the pending implementation of tariff policies have weakened the safe-haven appeal of gold that previously supported gold prices, and the upward momentum has slowed. At the same time, after prices continued to rise, the desire to seek further increases has subsided, and some profits have been taken back at high levels, leading to long-term consolidation. 🤔

However, in the medium to long term, the overall bullish trend in gold has not been reversed. Even if a market correction occurs, its magnitude and duration remain unclear. A short-term decline is more likely to be viewed as a correction within a bullish framework rather than a trend reversal. In particular, gold prices recovered quickly after testing the 5130 level during the US trading session yesterday, indicating that low buying was strongly supported. 💪

🎯 Day trading strategies

Given the intense struggle between buyers and sellers at current prices, intraday trading can adopt a short-selling-then-buying strategy.

👉Short selling strategy: If the gold price rebounds to the 5195-5200 area during the day, it is recommended to enter a small short position. The reference stop loss level is set above 5220. Once the price actually breaks through this level, the position should be closed to reduce risks. The downside targets for short positions can be focused on 5180, 5160 and the area near yesterday’s low of 5130. 📉

👈 Long position strategy: If the price falls as expected, watch for signs of stability near key support levels. Pay close attention to the 5160-5150 area support level. If the price stabilizes in this area, consider opening a buy position. If the price falls further to around 5130 or even lower, look for opportunities to buy at lower levels, speculating on a price rebound. 📈

💡Summary

Overall, the current market is at a critical stage of transition between bull and bear markets, supported by both upward and short-term correction pressures. Trading needs to be cautious, respond flexibly based on the breakthrough of key support and resistance levels, and strictly control risks. ⚠️

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