The gold market is currently still in a bullish trend after experiencing fluctuations last Friday. The intraday market showed significant volatility, rising to the 4353 line in the afternoon, dipping to around 4257 at midnight, and ultimately closing at the 4300 mark, with a total fluctuation of over a hundred dollars throughout the day. Based on the closing pattern, it is expected that the market will continue to rise next week.
From a technical perspective, the 4-hour chart indicates that the market is currently leaning towards a consolidation adjustment. Future operations should primarily focus on positioning long orders after a pullback stabilizes. Key resistance is to be monitored at the previous high of the 4380-85 area, while short-term support is located in the 4290-96 range, and the 4266-70 zone serves as a critical support area.
Overall, the current technical indicators and international news support gold's upward direction. Operations should adhere to trend-following trading, avoiding counter-trend orders to mitigate the risk of passive positions.
Specific operational strategies are as follows:
1. If the market pulls back to the 4290-96 area, a long position can be taken; if it dips to the 4265-75 range, additional positions can be added cautiously. A unified stop loss should be set below 4257, with targets aimed at the 4385-90 range, and can be held if broken.
2. If the market rises directly, a light short position can be attempted when first touching the 4380-85 area, with a stop loss set above 4395, targeting the 4330-50 area.