Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#数字资产动态追踪 Gold technical breakout shows strong momentum, and the bullish logic is once again validated.
Yesterday morning, a long position was established around 4428, and profits were smoothly realized by midday; subsequently, the resistance level test at 4477 was within expectations, and the short-term strategy was once again precisely executed—this is the charm of trending markets. Maintain the core judgment of bullish logic, while reinforcing the discipline of "rational long positions and avoiding chasing highs."
Honestly, there is no such thing as a one-step new high market. Successful traders understand a principle: steady progress and precise entry points are the correct approach to reach the psychological level of 4500. Those who learn to avoid chasing high traps and maintain patience will find that the market never disappoints traders who hold respect. Every rational wait and every precise entry is accumulating energy for a breakout.
From the fundamental perspective, geopolitical risks still provide natural support for gold prices, and the market’s pricing of uncertainty continues to strengthen. Today, international gold prices closed with a clear bullish candlestick pattern, indicating a strong bullish momentum. The technical charts are also interesting: the price broke upward with increasing volume and has not stopped; the Bollinger Bands’ three tracks are diverging upward simultaneously, which is a typical strong signal. Although the 5-minute indicators are somewhat overheated, the fast and slow lines on the hourly chart still maintain a bullish tilt. Before the Non-Farm Payrolls data release, the market is expected to continue the "high-level consolidation + buying on dips" rhythm.
Most importantly, gold has successfully broken through the neckline of the 4-hour head and shoulders bottom pattern, signaling a shift from weakness to strength in structure. The 4-hour MACD indicator has completed its reversal from bearish to bullish, with upward momentum continuously accumulating. The next step is likely to see a stronger volume push, targeting the key psychological level of 4500. As long as the gold price stays above 4345 for support, the validity of the short-term upward pattern can be maintained.
The key for tonight’s trading is whether 4440 can hold. If this level holds, there is still room for further upward movement, with targets around 4490-4500. Caution is needed in case the main funds concentrate on selling during the European session, which could cause sharp volatility similar to last Friday, so be prepared in advance.
Operational strategy: consider opening long positions in the 4449-4456 range, add to positions on dips to 4440, with a stop loss at 4435. The upward target aligns with 4490-4500.