Gold Week Friday market closed smoothly. Although it is during the New Year's Day holiday, we continue to follow online and live analysis. On Friday, gold prices peaked near 4402 before facing resistance and falling back. The support zone at 4305-4314 was precise and effective. After dipping to around 4310 at midnight, it stabilized and rebounded, with the trend completely in line with expectations. Gold ultimately closed around 4332, and it is expected to continue the rebound early next week.
In terms of operations, continue to monitor the support zone at 4304-4315. If retests do not break below, consider setting up long positions. If it reaches the resistance zone at 4410-4417 and faces resistance, consider short positions again. Specific real-time operational strategies will be provided during trading; please stay tuned.
Gold specific operational ideas: Strategy 1: When the price rebounds to near 4410-4417, go short, with a stop-loss around 4426, targeting the 4340-4345 zone. If it breaks below, look towards 4318-4320. Strategy 2: When the price retraces to near 4304-4315, go long, with a stop-loss around 4296, targeting the 4380-4385 zone. If it breaks above, look towards 4408-4417.
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Gold Week Friday market closed smoothly. Although it is during the New Year's Day holiday, we continue to follow online and live analysis. On Friday, gold prices peaked near 4402 before facing resistance and falling back. The support zone at 4305-4314 was precise and effective. After dipping to around 4310 at midnight, it stabilized and rebounded, with the trend completely in line with expectations. Gold ultimately closed around 4332, and it is expected to continue the rebound early next week.
In terms of operations, continue to monitor the support zone at 4304-4315. If retests do not break below, consider setting up long positions. If it reaches the resistance zone at 4410-4417 and faces resistance, consider short positions again. Specific real-time operational strategies will be provided during trading; please stay tuned.
Gold specific operational ideas:
Strategy 1: When the price rebounds to near 4410-4417, go short, with a stop-loss around 4426, targeting the 4340-4345 zone. If it breaks below, look towards 4318-4320.
Strategy 2: When the price retraces to near 4304-4315, go long, with a stop-loss around 4296, targeting the 4380-4385 zone. If it breaks above, look towards 4408-4417.