Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Today’s Gold Trading Summary
As shown on the four-hour chart:
Short-term support level: $4060-4030
Short-term resistance level: $4110-4140
Basic Support: Around $3,990
Day trading strategies:
Strategy A: Focus on the support areas of $4,060 (middle line of Bollinger Bands) and $4,050.
If gold prices show signs of stabilizing near these levels (such as a significant weakening of downside momentum, or a small bullish candlestick pattern), it is recommended to enter a buying position in stages.
Stop loss: To control risk, stop loss can be set at a psychological level of $4,030 or just below $4,000.
Price target: The initial price target is around $4,110; if this level is exceeded, the target price is $4,140.
Strategy B: If the gold price rebounds to around $4,110 but fails to effectively break through, consider opening a short position with a short-term target price of around $4,070.
Strict stop loss: This type of operation requires quick entry and exit; the stop loss order must be set above $4140.
Summary: The gold market is currently facing a contradiction between short-term pressure and long-term optimism.
On the one hand, the Federal Reserve’s dovish stance puts pressure on gold prices;
On the other hand, market expectations for future interest rate cuts and geopolitical risks are supporting gold prices.
1: Last Friday, many Federal Reserve officials issued hawkish remarks and expressed caution about further interest rate cuts, causing market expectations for an interest rate cut in December to fall sharply to 44%.
2: U.S. economic data will be released soon: As the U.S. government shutdown ends, a large amount of economic data will be released this week. The performance of this data is crucial for the market to evaluate the direction of Fed policy and may lead to short-term fluctuations in gold prices.
3. The trend of interest rate cuts remains stable: Although the short-term outlook has slowed, the market generally believes that the general trend of the Federal Reserve’s interest rate cuts will remain unchanged, which will provide medium and long-term support for gold prices.
