Gold market analysis: The consolidation pattern continues; pay attention to key prices, buy when it falls and sell when it rises

Looking back at the market last Friday, the price of gold fell sharply at first, then found support near 4032 and rose 📈. However, the overnight rebound once again encountered resistance near 4111, and the price fell back. After today’s opening, the market did not show an obvious breakthrough trend. The overall trend was in line with our expectations for the weekend and remained within a clear consolidation range.

On the 4-hour chart, gold prices are currently operating within a typical consolidation range. Bulls and bears have repeatedly competed at key levels, and this consolidation is expected to continue until a clear trend is broken.

Main Resistance Areas:

The first resistance: 4125-30🚨, this is a short-term strong resistance area and the main resistance area we focus on today.

Basic resistance: 4140-45. If the price suddenly breaks through the first resistance strongly, this will become the last solid line of defense for the bears.

The main areas of support are as follows:

Basic support: 4025-30🛡️, this area represents an important early support level. Gold prices rebounded last Friday after finding support above this area, so the strength of its support should not be underestimated.

Our primary strategy is to sell on rallies, but rebound opportunities at key support levels should not be ignored. Moderate price levels require patience; avoid entering haphazardly.

The specific strategies are as follows:

Procurement strategy:

Entry zone: Gold 4025-4030

Stop loss: 4018

Target: 4090-4100, stable in case of strong breakthrough.

Short selling strategy:

Entry area: Open a short trade when the gold price rebounds to 4125-30.

Additional position area: If the price rebounds to 4140-45, add additional positions.

Stop loss: 4159

Target: 4035-45

Main strategy: Short selling based on rising prices.

Key resistance levels: focus on the 4125-30 and 4140-45 resistance levels.

Key Support: Pay close attention to the 4025-30 area.

Trading Discipline: Be cautious during mild price moves, wait for prices to reach key levels before taking action, and monitor risks carefully.

Reminder: Market conditions are changing rapidly; the above analysis and strategies are for reference only. Designated entry and exit points should be flexibly adjusted based on current market conditions. Please pay close attention to my daily updates!

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