📊 Gold: Yesterday’s Review + Today’s Strategy | Bulls and bears are locked in a tug-of-war; favor buying dips
Last Friday, the second-wave short from the M5 model’s “black screen” signal hit its take-profit smoothly. We planned to go long at 4150–4160, but the market only pulled back to a low of 4168, so no entry was triggered.
Last Friday, gold rallied during the Asian session, then pulled back after touching a high of 4207 during the European session. The daily candle closed bullish with a long upper shadow.
US Michigan sentiment data weakened sharply, while inflation expectations rose. Geopolitically, news of an energy ceasefire between Russia and Ukraine weighed on safe-haven demand, while an attack on Saudi Arabia boosted it again, fueling intense back-and-forth between bulls and bears.
Technical outlook: H4 bullish candle; MACD golden cross above the zero line, with momentum contracting;
H1 death cross, lines converging.
Resistance: 4220, 4250 |
Support: 4180, 4165
✅ Plan for today:
Buy on pullbacks: go long at 4195 / 4175, stop-loss at 4170, take-profit 150–250 points.
$XAU
Last Friday, the second-wave short from the M5 model’s “black screen” signal hit its take-profit smoothly. We planned to go long at 4150–4160, but the market only pulled back to a low of 4168, so no entry was triggered.
Last Friday, gold rallied during the Asian session, then pulled back after touching a high of 4207 during the European session. The daily candle closed bullish with a long upper shadow.
US Michigan sentiment data weakened sharply, while inflation expectations rose. Geopolitically, news of an energy ceasefire between Russia and Ukraine weighed on safe-haven demand, while an attack on Saudi Arabia boosted it again, fueling intense back-and-forth between bulls and bears.
Technical outlook: H4 bullish candle; MACD golden cross above the zero line, with momentum contracting;
H1 death cross, lines converging.
Resistance: 4220, 4250 |
Support: 4180, 4165
✅ Plan for today:
Buy on pullbacks: go long at 4195 / 4175, stop-loss at 4170, take-profit 150–250 points.
$XAU