Gold's upward momentum slows down

5 Feb

The current gold price continues its strong upward trend and continues to run in a stable upward channel. Since the beginning of 2025, the price has repeatedly stepped back to the lower track of the channel and stabilized to form a new high. The channel structure is clear and has a strong reference value. From the recent trend, gold has broken through the upper track pressure and refreshed the high to 2871, showing that the bullish momentum is still sufficient.

Channel analysis: The price runs along the green rising channel, the middle track of the channel provides important dynamic support, and the lower track is the trend support baseline. The current price breaks through the upper track of the channel, and the possibility of stepping back to confirm in the short term needs to be paid attention to.
Key points:
Support level: 2858 (channel upper track stepping back to support), 2845-2850 (previous key platform support area).
Resistance level: 2875-2880 (short-term target resistance area), if it breaks through, it is expected to hit 2900 or even higher.
Moving average guidance: The short-term moving average shows an obvious bullish arrangement, which further supports the upward momentum, but the price is far away from the moving average or suggests the possibility of a technical correction.

Trading strategy:
Follow the trend and go long: If the price falls back to the 2858-2860 area, you can consider going long with a stop loss below the middle track of the channel, and the target is 2875-2880.
Be cautious in chasing long: After the price breaks through 2875, you can try long orders with a light position, and the target is 2900, and the stop loss is controlled below 2865.
Retracing the middle track layout: If the price falls back to the middle track of the channel (about 2835-2840), it is still an opportunity for medium-term long positions to increase positions.
Trend outlook:
At present, the overall trend of gold remains strong, but there is a certain need for confirmation after the price breaks through the upper track in the short term. It is recommended to keep following the trend, do not blindly guess the top, pay close attention to the channel structure and the performance of key support points, and reasonably arrange trading strategies to achieve steady profits.

6 Feb

Trade aktif

Gold surged to 2880 yesterday and then fell back. It entered a short-term shock adjustment phase, reaching a low of 2860. Overall, it is still in a high-level consolidation structure.

In terms of trend, gold is still bullish in the medium and long term, but there is a need for a correction at a large level, and the short-term price operation does not have the best entry conditions. It is recommended to pay attention to the support level of 2854 below. If it is not broken, you can arrange low and long positions near 2860.

At present, gold is in a high-level stagflation stage. In the short term, you can try to lightly position high and short, and pay attention to the 2870-2874 area as a reference for shorting.

6 Feb

Trading ditutup: target tercapai

After the previous support level of 2854 was adjusted, the current support level of gold price moved down to 2848, which is also the upper support level of the channel. In the early stage of European trading, the price quickly stepped back and then rebounded, and the upper 2860 formed a short-term resistance suppression. The overall trend showed a small triangle convergence pattern. Subsequent operations will focus on the breakout of the triangle pattern.