Gold market overview
Market Sentiment: Global risk aversion has increased and high-risk assets have come under pressure. Gold, a traditional safe-haven asset, is finding support. However, its gains have been limited by a stronger U.S. dollar and uncertainty about Federal Reserve policy.

Key factors:

Macroeconomic data: The focus this week is the U.S. non-farm payrolls report released on Thursday. Weak employment data could boost expectations for interest rate cuts, thereby boosting gold prices, while strong data could boost expectations for longer-term interest rate hikes, negatively impacting gold prices.

Federal Reserve policy: Statements from Federal Reserve officials and upcoming economic data will affect market expectations for the direction of interest rates, causing gold price fluctuations.

Structural demand: The trend of global central bank purchases of gold has provided long-term support for prices, but is unlikely to stimulate this trend in the short term.

technical analysis
Trend evaluation:

Gold is currently experiencing limited consolidation, with bulls and bears intertwined. There is strong resistance above and support below, and the overall trend is downward.

The price bottomed out yesterday and rebounded, but the rebound stopped at the 4080-4090 area. The failure to break out decisively suggests that bears still have the upper hand.

Critical level:

Resistance: 4080-4090 (recent highs, key bearish defensive zone)

Support: 4000-3990 (short-term rising line), 3975 (falling below may accelerate the decline)

Transaction method:

Key strategy: Sell on rising resistance, aiming for support.

Secondary strategy: When pulling back to the support area, focus on light buying positions and place strict stop loss orders.

Specific trading strategies
sales strategy

Entry area: sell in batches near 4080-4090

Stop loss: 4095-4100

Target:

Target 1: 4040-4060

Target 2: 4030-4000 (keep the stock at 4000 in case it falls below)

Procurement strategy

Entry area: Bulk buying around 4000-4010

Stop loss: 3990

Target:

Target 1: 4030-4040

Target 2: 4050

Risk warning
Event risk: Key data such as non-farm payrolls data may cause large fluctuations. It is recommended to reduce the position size or close the position before the data is released.

Position management: The risk of each transaction shall not exceed 10% of the total funds. Always use a stop loss order to avoid holding a losing position.

Long-term consolidation: Market volatility may slow. Stay patient and avoid overtrading.

generalize
Gold is currently in a bearish consolidation phase. The primary strategy is to sell on highs and buy on lows as a secondary strategy. Keep an eye out for any break above the 4080-4090 resistance or below the 4000-3990 support; such a break could signal a new direction for trend-following trades.

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