Continue buying gold today, limiting losses to $5,080.

Continue buying gold today, limiting losses to $5,080.

Current strategy: As long as gold prices remain above $5,100, the strategy is to look for price drops and wait for them to fall, and buy when prices fall or stabilize.

My thoughts on gold prices:

Today, the market logic has quietly changed from being driven by pure hedging demand to a game between hedging demand and expectations of tightening monetary policy.

The U.S.-Iran crisis has reached a “decisive moment”: The United States and Iran planned to hold a new round of negotiations on February 26, but the United States adopted a two-pronged strategy of “negotiation table + aircraft carrier strike group” to exert pressure, and even openly discussed the possibility of “limited military strikes.”

Based on this news alone, gold prices are unlikely to drop hundreds of dollars before Wednesday and will almost certainly stabilize above $5,100. The smartest strategy over the next few days is to buy when prices fall and take profits when appropriate.

Technical analysis:

Gold is currently trading at $5,139, within a key trading range.

1. Trends and Key Price Levels:

During the Asian trading session, gold prices fell sharply from around $5,250, down about 1.1%, ending a four-day streak of gains. Gold prices are currently trading around $5,139 and are in the consolidation stage after falling.

Key Support Levels (Current Key Price Levels):

The first support level: $5130-5135 area. A break above this level would intensify the decline.

Basic support level: $5100-5120 area. This support level was formed by the previous high, which also coincides with the five-day moving average, and is considered the cornerstone of the short-term upward trend.

Main resistance levels:

The first resistance level: the $5180-5185 area.

Strong short-term resistance: the psychological $5,200 level.

Upside targets: $5230-5240 (previous high), $5300-5380.

Specific trading strategies:

Basic logic: The market has shifted from a unilateral upward trend to range trading (reference range 5130-5230 US dollars). Trading strategies should focus on buying low and selling high while keeping a close eye on the validity of the $5,130 support level.

Where to buy (preferred):

Entry point: focus on the $5130-5135 area. If the price rebounds into this range and shows signs of stabilization (such as a long lower shadow, or a bullish close on the 1-hour chart), a small buy position can be opened.

Stop loss: Set below $5,120 (or the psychological price of $5,100).

Target: The first target is 5170-5180, and the second target is around 5200.