The first negative line after three consecutive positive lines

Apr 15

The current gold market is facing dual drivers of policy and fundamentals. Trump's tariff policy trend has become a key variable. Coupled with expectations of a slowdown in the US economy in 2025 and rising global geopolitical risks, safe-haven demand continues to support gold prices.

Gold technicals show the first small negative line after three consecutive positive lines, and the correction signal is to be confirmed. The intraday shock adjustment is obvious, and the magnetic effect of the 3235-3200 range is significant. It is recommended to maintain the range thinking at the operational level. The upper resistance is currently at 3232-3235, and the lower support is at 3200-3195. Wait for the key guidance on Wednesday to clarify the direction. The market is in a sensitive period of market change, and it is necessary to focus on the pulsed impact of policy dynamics and geopolitical risk evolution on gold prices.

Operation strategy 1: It is recommended to rebound to 3233-3237 short, stop loss 3245, and the target is 3210-3200.

Operation strategy 2: It is recommended to pull back to 3190-3185 long, stop loss 3178, and the target is 3210-3230.

Apr 22

Trade active

In today's short-term operation of gold, it is recommended to focus on longs on callbacks, supplemented by shorts on rebounds. The upper short-term focus will be on the 3450-3460 first-line resistance, and the lower short-term focus will be on the 3405-3400 first-line support.