After experiencing a unilateral upward trend recently, the gold market has gradually entered a consolidation phase, price fluctuations have tended to converge, and market sentiment has shifted from the previous one-way pursuit to wait-and-see and game-playing. This change means that the market is shifting from trend-driven to range-bound fluctuations. Both bulls and bears have opportunities to participate, and operations also test the grasp of key positions.Brothers who are not sure about the trading points can enter my channel and receive a detailed trading plan.
Currently, gold prices are encountering significant resistance near 3870. This level is not only the recent high point of the rebound but also a key technical barrier that has been repeatedly tested unsuccessfully, demonstrating strong selling pressure and psychological resistance. Therefore, in the absence of further positive news, 3870 can be regarded as a relatively reliable short-selling reference level. Trading strategies should prioritize buying low and selling high, focusing on pacing and position management, avoiding chasing gains and selling losses, and capitalizing on swing trading opportunities within the range is a more reliable strategy.
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