Gold and Silver Morning Review

Gold exhibited a 'roller coaster' market on Friday, surging from a high of 4353 to a drop at 4257, with a single-day fluctuation of nearly a hundred points. The daily candle ultimately formed a high-position doji pattern. The current bullish trend has not yet been reversed, but a high-position doji often signals a potential market change. Today's movement is crucial for the subsequent direction—if it can break through the previous high, a strong bullish pattern will continue; conversely, it will likely trigger a correction.

From a cyclical structure analysis: The 4-hour chart recorded a large bearish candle, and the rebound momentum is evidently insufficient, with short-term pullback pressure still present; however, the hourly chart has quickly rebounded after multiple tests of lower levels, with clear support strength below, making it less likely to break key support directly. Overall, it is highly probable that gold will enter a high-position consolidation phase today.

Key Levels

• Resistance Levels: 4330-4340-4360

• Support Levels: 4265-4250-4245

⚡ Trading Strategy

During the Asian session, a high sell-low buy strategy can be executed around the 4330-4265 range. It is recommended to pay close attention to the two key price levels of 4327 and 4278, and to enter trades only after a clear signal appears in the smaller cycles to enhance trading certainty.

Silver Guidance

Silver's movement is strongly correlated with gold, and it is necessary to pay synchronized attention to key levels:

• Resistance Levels: 63.3-64

• Support Levels: 61-60-58.6