Golden Week Review: Short-term profits confirm the effectiveness of the strategy, consolidation awaits new breakthroughs🧐

Short-term selling positions opened near the key resistance level of 4350 this week are still fluctuating and profitable 🎯, which confirms the effectiveness of tactical operations in areas of strong technical resistance. To be clear, this short-term bearish strategy is only to capture technical pullbacks after price rebounds and does not change our staunchly bullish stance on gold’s mid- to long-term direction. Given the growing expectations for changes in the Fed’s monetary policy and the ongoing trend of gold purchases by global central banks, we still believe that gold prices may test new historical levels before the Chinese New Year 🚀.
… 📊 Market Review: Strong consolidation, solid structure

After significant fluctuations at the beginning of the week, the market gradually entered a consolidation phase on the four-hour chart, with daily trading volume declining at the same time. This “sideways consolidation” pattern is a classic signal before a new trend begins ⏳. Technically, the price of gold has not weakened, but has formed a support platform at a higher level and remains within an obvious upward channel.

At this stage, corrections and consolidations do not represent risks, but are indicators that the trend is continuing normally. This kind of consolidation helps to liquidate circulating stocks, consolidate the foundation of rising momentum, and accumulate energy for the next wave of rising prices. Investors should stay calm and not worry about short-term fluctuations, but focus on medium-term trends.

📈 Technical analysis: Key support and resistance levels determine next week’s pattern

⚡️Resistance: The area near 4350 is still the main resistance area. Despite multiple tests this week, it failed to hold up. Long-term inability to penetrate usually leads to the accumulation of rebound pressure; the longer the consolidation period, the stronger the subsequent breakthrough momentum.

🛡️ Support Level: Focus on two main areas:

Short-term support: 4310-4315

Main support: 4290-4296

As long as gold prices remain above the 4290-4296 support zone, the overall upward trend remains intact and the rebound can be viewed as a buying opportunity. 👍 A clear signal is needed for a trend reversal; unless the price drops significantly and breaks below the main support level of 4260, a premature top should not be established.

🧭 Trading Strategy: Rebounds are opportunities; maintain a steady pace and build your position patiently.

Until bulls actually break through the 4350 level, short-term traders should be wary of the risk of a technical pullback. ⚠️However, our overall trading strategy is still based on buying on dips to avoid blindly rushing into the market.

📅 Preliminary trading strategy for next week:

If the gold price falls to the 4310-4315 area, you can consider opening a small buying position✅;

If it falls further below the key support area 4290-4296, you can consider adding positions in batches 📈;

The standard stop loss level is less than 4283;

The target trend is the 4375-4380 area 🎯.

Set operations should be flexibly adjusted according to intraday market trends and structural changes to avoid rigid execution.

💎 Conclusion: Market trends always form during consolidation and continue to develop amid hesitation. Gold is currently in a critical stage of consolidation. Every drop is to strengthen its strength and prepare for the next rise⚙️. Holding on to key support levels is critical to maintaining confidence in the possibility of a future breakout.

Next week’s trading strategy is about to begin. We will pay close attention to market trends and seize key turning points when technical signals and market sentiment coincide with entry opportunities! I’ll provide specific strategies and live updates during trading hours. Follow us and let’s explore future market trends together! 🔥

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