This week's gold market can be described as a 'roller coaster', with intense tug-of-war around the $4200 mark: a surge of over $60 on Monday, followed by a sharp drop of over $60 on Tuesday, and from Wednesday, it fell into a narrow sweep of $30-40 around $4200, with resistance at $4230-4240 and support at $4164-4174, making the long-short battle extremely fierce.
This round of sweeping market began with a stabilization rebound from $4265 down to $4163, with a clear core cyclical rhythm:
1. Support stabilized at $4163-4165, surged to $4242 (a total rise of $77), then retraced by $67;
2. Support at $4173-4175 took over, surged to $4213 (a total rise of $38), retraced by $28;
3. The support at $4183-4185 has been strengthened, with a surge to $4220 (a total increase of $37), followed by a pullback of $25;
4. The support at $4193-4195 has moved up, directly pushing the price to break through to the $4230 area, and the oscillation pattern welcomes a breakout signal!
The core strategy for the future market: maintain the low and break the high, with clear targets for bulls.
The current market has broken away from the $4200 oscillation quagmire, and the subsequent core logic focuses on 'adjustment accumulation + breaking high continuation':
In the short term, focus on the pullback space corresponding to the resistance level of $4230, with the $4203-4207 area being critical support. If the pullback stabilizes, the support range will move up to $4203-4205, accumulating strength for a new round of increases;
The daily level has retraced to the 10-day moving average, completing the squat leverage. The lifeline at $4185 is the extreme oscillation bottom line, and after breaking through the $4262-4265 range of Monday's high, the market will switch to upward space;
The upper rail of the four-hour chart is facing a breakout, with the lifeline at $4206 and the acceleration starting point at $4202 constituting the core defense for bulls. Maintaining support + the dual confirmation of a strong upward surge will drive continuous volume in the market;
The hourly chart channel acceleration point of $4225-4227 has been broken, with the upper target directly pointing to $4255-4265, while the lower support of $4182-4187 resonates with the daily lifeline, providing strong support for bulls.
It is worth noting that this week, the three deep squats at the purple channel lines ($4148, $4163, $4175) triggered rebounds. If today's Friday continues the rhythm of bottom finding and rising, the smaller the adjustment force, the stronger the bull momentum! The low multi-orders we previously laid out at $4187-4192 have accurately captured the $4220 breakout market. Today, additional long orders in the $4200 range of $5 have been added, and currently, it has risen to the $4230 area. The subsequent defense will be set at $4187, continuing to look towards the target range of $4240-4265.
Key conclusion: Maintaining the low is the premise, breaking the high is the core.
The core of today's Friday market is 'continuing the upward rhythm'—maintaining the critical support below $4195, keeping the bottom-finding and rising trend, and after breaking through $4230, rushing towards the $4240-4260 range, which is the current optimal trading logic. The oscillation pattern is nearing its end, and the extensibility of the space after the breakout is worth looking forward to. Seizing low multi-opportunities and sticking to the defense bottom line is essential to accurately capture trend dividends!