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Gold Speculators Race to $4,700!
Here is our trading strategy for tomorrow (Monday) (including exact entry and exit points).
I’ve reviewed all the news and market conditions for the week.
After a significant correction from the $5,400 highs, the market situation has entered a delicate balance between bulls and bears.
To me, volatility is a profit opportunity, and gold is currently at a critical turning point.
As always, every word contains valuable information; follow us and join us!
Why do gold prices fluctuate high and low?
This volatility does not end at the end of the week; market conditions continue to fluctuate between “risk-off” and “conservative.”
1. The biggest negative factor (limiting gains): A stronger US dollar, pressure on U.S. bond yields: recent strong U.S. economic data (purchasing managers index) postponed the Fed’s expected interest rate cut to 2027.
This means the opportunity cost of holding gold has risen significantly, discouraging investors from entering the market at current prices and creating technical selling pressure. The previous rise in gold prices from $5,000 to $5,400 led to the accumulation of a large number of long positions, and the current pullback is a deleveraging stage driven by this bullish pressure.
2. Main support (preventing sharp declines):
Geopolitical tensions: Tensions in the Strait of Hormuz remain, and the confrontation between the United States and Iran continues to escalate. High oil prices make it difficult to reduce inflation expectations.
Buying support: Whenever gold prices fall to the $4660-4680 range, large inflows will support gold prices.
My bottom line: Gold is likely to continue swinging to new lows on Monday and then wait for catalysts to move higher.
The main price level is $4,700.
Daily chart: Gold prices are still in a downward trend, but the rate of decline has slowed significantly, indicating that it is near a bottom.
4-hour chart: Gold prices are forming a falling wedge pattern, which usually indicates greater upside potential.
Moat: $4680-4700 (this is the buyer’s last line of defense).
High-voltage line: $4735-4750 (4-hour moving average resistance area).
I think the probability of gold falling directly to $4,500 is relatively low. Tomorrow Monday, we may see a bottom and then a bounce or a straight bounce.
Basic strategy: Buy dips near strong support levels and avoid short selling! You should use a pending sell order and wait for market sentiment to calm down before selling short.
Main strategy: Wait for prices to fall to buy.
Purchase 1: $4685 – $4695
Purchase 2: $4,675
Take Profit 1: $4730
Take Profit 2: $4760
Stop loss: $4650
If gold prices stabilize above $4,720, it would indicate an uptrend and should be followed.
Purchase: $4,710-$4,720
Take profit: $4745 / $4765
Stop loss: $4710
If gold prices fall first on Monday, there is no need to worry; it means large investors are getting out of weak positions. Pay attention to the $4685-4695 range and use the pyramid strategy to build positions in batches.
If the price of gold rises directly on Monday, don’t rush to increase the price. Wait for the price to fall back and stabilize around 4715 before entering.
Why follow this trend?
Gold is currently witnessing the beginning of a significant upward trend.
While some are still hesitant to enter around 4700, I have identified the exact entry point for you at 4685.
I’m not giving you a “recipe for losing money,” but rather a method for making consistent profits through proper stop-loss orders.
The risk-reward ratio of this strategy is 3:1 (profit 90 points, loss 30 points), which is a scientific trading method!
I will share an update on Monday’s progress after the market opens.
The gold 4700 mark does not mean the end, but may be the starting point for the second half of the year.
If you want to take advantage of this volatile period, please like, save and share this great prediction!
Leave your predictions in the comment area, and let us work together on Monday to seize the strong upward trend of gold prices and rush towards $4,700!