Gold Digger Old Cat: Gold Strengthens as Expected, Long Positions as Main Strategy, Short Positions as Auxiliary
Today's market review shows that last night's predicted target of 4520-4550 has been perfectly achieved. Spot gold continued to rise after market opening, currently quoted at 4541.23, up 31.30 dollars from yesterday's closing price, with a gain of 0.69%. The highest level touched 4544.98, and the bullish trend completely met expectations.
From a news perspective, market expectations for an early Fed rate cut continue to ferment, combined with further decline in US inflation data, which strengthens loose monetary expectations and serves as the core driver for gold price appreciation. Meanwhile, geopolitical safe-haven demand also provides additional support for the bulls.
On the technical side, the 15-minute chart shows that price has successfully broken through the previous consolidation range, forming a strong uptrend. Currently, the rally has not shown obvious divergence, and momentum remains sufficient. Although short-term pullbacks are needed, the overall upward pattern remains unchanged.
Therefore, the intraday trading strategy continues to focus on long positions as the main approach, with opportunities to watch for pullbacks to the 4525-4530 area. Meanwhile, when the upper resistance zone of 4550-4560 is first tested, traders can attempt short positions as an auxiliary strategy with quick entry and exit.
This content is for reference only and does not constitute any investment advice. Markets carry risks, and investment requires caution. Investors should make independent decisions based on their own circumstances and bear the risks accordingly.
Gold Digger Old Cat: Gold Strengthens as Expected, Long Positions as Main Strategy, Short Positions as Auxiliary
Today's market review shows that last night's predicted target of 4520-4550 has been perfectly achieved. Spot gold continued to rise after market opening, currently quoted at 4541.23, up 31.30 dollars from yesterday's closing price, with a gain of 0.69%. The highest level touched 4544.98, and the bullish trend completely met expectations.
From a news perspective, market expectations for an early Fed rate cut continue to ferment, combined with further decline in US inflation data, which strengthens loose monetary expectations and serves as the core driver for gold price appreciation. Meanwhile, geopolitical safe-haven demand also provides additional support for the bulls.
On the technical side, the 15-minute chart shows that price has successfully broken through the previous consolidation range, forming a strong uptrend. Currently, the rally has not shown obvious divergence, and momentum remains sufficient. Although short-term pullbacks are needed, the overall upward pattern remains unchanged.
Therefore, the intraday trading strategy continues to focus on long positions as the main approach, with opportunities to watch for pullbacks to the 4525-4530 area. Meanwhile, when the upper resistance zone of 4550-4560 is first tested, traders can attempt short positions as an auxiliary strategy with quick entry and exit.
This content is for reference only and does not constitute any investment advice. Markets carry risks, and investment requires caution. Investors should make independent decisions based on their own circumstances and bear the risks accordingly.