Friday evening's non-farm payroll data will be a major release. All participants must implement proper risk management and carefully navigate market volatility.
Morning Gold Market Interpretation: The U.S. Embassy has issued a warning that Ukraine is likely to face large-scale airstrikes in the coming days. Geopolitical tensions are heating up again, with one issue following another. Risk-off sentiment may continue to disrupt the gold market.
Reviewing yesterday's gold price movement: the low tested the 4407 level, failing to break the critical 4400 support, which prevented the continuation of bearish momentum, leading to a subsequent reversal. During the Asia-Europe session, gold basically maintained oscillation and consolidation. After entering the American session, prices continued to rise, ultimately closing at the 4477 level. Key upper resistances to watch are 4485 and 4500. Next, focus on the Asia-Pacific opening performance—whether it directly breaks through resistance or falls back under pressure.
From the four-hour chart perspective, gold is currently oscillating at high levels, pressured by upper band resistance. If unable to break through and open upside space, gold will likely pullback in the short term, though the pullback magnitude is not expected to reach the hundred-point levels seen previously. Key lower support to monitor is around the 4450 area.
Trading recommendations for gold after Asia-Pacific market open:
1. At rebounds to 4500, consider entering short positions with targets at 30-40 points, stop loss set above 4515;
2. At pullbacks to 4450, enter long positions with similar targets around 30-40 points, stop loss placed below 4438.
Subsequent market movements require adjustments based on actual price action. Updates and revised strategies will be provided at that time.
1.9 Morning Gold Analysis and Trading Guide
Friday evening's non-farm payroll data will be a major release. All participants must implement proper risk management and carefully navigate market volatility.
Morning Gold Market Interpretation: The U.S. Embassy has issued a warning that Ukraine is likely to face large-scale airstrikes in the coming days. Geopolitical tensions are heating up again, with one issue following another. Risk-off sentiment may continue to disrupt the gold market.
Reviewing yesterday's gold price movement: the low tested the 4407 level, failing to break the critical 4400 support, which prevented the continuation of bearish momentum, leading to a subsequent reversal. During the Asia-Europe session, gold basically maintained oscillation and consolidation. After entering the American session, prices continued to rise, ultimately closing at the 4477 level. Key upper resistances to watch are 4485 and 4500. Next, focus on the Asia-Pacific opening performance—whether it directly breaks through resistance or falls back under pressure.
From the four-hour chart perspective, gold is currently oscillating at high levels, pressured by upper band resistance. If unable to break through and open upside space, gold will likely pullback in the short term, though the pullback magnitude is not expected to reach the hundred-point levels seen previously. Key lower support to monitor is around the 4450 area.
Trading recommendations for gold after Asia-Pacific market open:
1. At rebounds to 4500, consider entering short positions with targets at 30-40 points, stop loss set above 4515;
2. At pullbacks to 4450, enter long positions with similar targets around 30-40 points, stop loss placed below 4438.
Subsequent market movements require adjustments based on actual price action. Updates and revised strategies will be provided at that time.