#比特币与黄金战争 Deep Analysis of Gold Market on Monday of Golden Week and Trading Strategies

What is the essence of trading? It’s a combination of offense and defense, wisdom in knowing when to advance and retreat. When risks outweigh rewards, decisive exit is far more valuable than small local gains. What is the highest realm of trading? Precisely holding a position in cash — only with an empty position can you calmly see through the true and false trends, and the divergence of strength.

Grasp the correct trend direction, and profits will come naturally. What is the common mistake most traders make? Rushing to enter the market. The correct approach is to spend more time observing than participating, not aiming to enter every time, but to make one precise move that changes the situation. The strong are not born, but learn to stand up with a smile through repeated setbacks.

How did gold perform this week? The bullish pattern continues, with prices hitting a new high near 4531 in the early session yesterday, then quickly retracing to around 4491, followed by oscillating upward, and reaching a high of around 4550 during midnight for consolidation. Before the market closed early Saturday morning, it touched a low of 4510 before rebounding, and the daily line finally settled at 4532, maintaining a solid bullish structure.

From a technical perspective? The moving averages form a complete bullish arrangement, with prices consistently running along the upper Bollinger Band. But here’s a key point — in a strongly bullish market, chasing highs is the easiest way to get caught. The correct stance should be to wait for a pullback before entering long positions. The critical support level is at 4480; as long as this level holds, the outlook for next week remains focused on pullback entries for longs.

Currently, gold is oscillating within the 4480-4550 range. Although it didn’t continue to surge after reaching a historical high, its sideways and resilient performance is obvious. At this point, pulling back to buy remains the best option.

Overall, the short-term trading framework for gold next Monday: mainly buy on dips, supplemented by selling into rebounds. Short-term support levels to watch are 4480-4460, and resistance levels are 4550-4580.

Specific trading suggestion: go long in the 4490-4495 range, with a stop loss at 4480, targeting the 4550-4580 zone.