Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Mu Yao: April 1 Morning Strategy
Gold's bullish momentum begins in April! The lower shadow sets the tone, with a target directly at 4830
March gold closes, and the monthly chart pattern has taken shape. At the start of the month, it opened high at 5316, surged to 5421, then fluctuated and pulled back, touching a low of 4095. It then rebounded strongly, ultimately closing at 4667, forming a long lower shadow on the monthly candlestick. This pattern establishes a bullish tone for April.
The hourly chart shows that gold has broken through the 4600-4620 resistance zone, with an clear upward trend. The next target is the 4700-4720 resistance zone.
In terms of trading, a pullback to around 4570 is a good buying opportunity, with 4550-4570 as an ideal entry point. This week's upward target is 4720-4830.
Trading suggestions:
Maintain a cautious approach, buy around 4650-4670, add positions at 4600-4620, with a stop loss below 4570. The target is near 4750-4830.
Reminder:
The above analysis is Mu Yao's personal view. Markets are constantly changing, so this content is for reference only and does not constitute any investment advice!