Gold Old Cat

Evening Gold Market Analysis and Strategy

This morning, we clearly identified shorting opportunities within the 5180~5220 range, with a focus on the 5200 level. The market movement fully aligned with our prediction. Gold prices reached a high of 5205.54 early in the session, then faced selling pressure and declined, with a low of 5155.64. Our short position strategy was accurately executed, with a maximum profit of approximately 45 points, perfectly capturing the intraday bearish rhythm.

We are now in the evening trading session. Based on real-time market data, technical analysis, and the latest news, the overall approach tonight continues to favor high short positions. We will not blindly bottom-fish or trade against the trend but will precisely follow the short-term bearish momentum. As the evening is a highly active period for gold trading, especially during overlapping hours of the European and American markets, volatility typically accounts for 60%-80% of the daily range. Market-moving news has a more pronounced impact, so we must stay alert to short-term fluctuations caused by institutional fund adjustments. However, the overall bearish pattern remains intact, and high short positions remain the core trading logic.

From a technical perspective, the 1-hour Bollinger Bands indicator shows that after being pressured at the upper band and pulling back, the price continues to operate below the middle band, which has now become a short-term resistance level. The moving averages are arranged in a bearish configuration, further confirming that short-term bearish momentum is still being released. Additionally, looking at the live London Gold market, the current price hovers around 5170, unable to break through the resistance above, with a clear downward trend. Profit-taking at higher levels continues to exert selling pressure, providing solid support for a high short strategy tonight.

On the news front, the pattern of mixed long and short positions continues into the evening. Hawkish comments from Federal Reserve officials keep signaling tightening measures, which dampens expectations for a rate cut in March. The US dollar has rebounded slightly, indirectly suppressing gold prices. Meanwhile, negotiations between the US and Iran have seen no breakthrough, providing some safe-haven support for gold but not changing the short-term bearish dominance. As funds flow into European and American markets tonight, selling pressure at higher levels is likely to intensify further. Additionally, attention should be paid to position adjustments by European and American institutions to avoid sharp short-term volatility triggered by algorithmic trading, though this does not affect the overall high short strategy.

Evening Trading Recommendations (Continuing the High Short Strategy):
Entry Range: 5180~5195. Prioritize short positions within this range. If the price rebounds to around 5200, consider adding to shorts. Strictly control entry points, avoid chasing highs, and do not enter prematurely.
Target Levels: First target at 5150~5140. If broken, look further down to around 5120, gradually taking profits at key support levels. Do not hold positions through the entire move.
Stop Loss: Above 5210. Due to significant volatility tonight, set strict stop-loss levels to manage risk, avoid holding through large swings, and prevent losses from short-term fluctuations.

Disclaimer: The above analysis is for market review and strategy discussion only and does not constitute any investment advice. Markets carry risks; trade cautiously.