Gold rebounded by nearly 1% on Monday, reaching a peak of $2358.40 per ounce intraday and closing near $2350.99 per ounce, as investors reassessed their bets on U.S. interest rate cuts ahead of a crucial inflation report later this week. Despite consecutive two-day rebounds in gold prices at the daily level, last Thursday's downward trend remains unaltered, with bearish signals from technical indicators persisting. Until breaching $2379.5, there remains further downside risk for gold prices.
Trading Strategy
1. Primarily adopt a long-buy strategy for the day, with aggressive traders handling range fluctuations within the $2343.0—$2375.0 range.
2. Open long positions near $2343.0. SL: $2337.0, Target:$2355.0—$2359.0—$2372.0.
3. Follow up with long positions upon breaking through $2352.0. SL: $2346.0, Target:$2359.0—$2372.0.
4. Establish medium-term short positions near $2373.0. SL: $2381.0, Target: $2354.0—$2344.0— $2330.0.
(Israeli and Egyptian military clashes! Escalating Middle East geopolitical crisis intensifies market sentiment; increased gold price volatility requires careful risk management to protect profits.)
Trading Strategy
1. Primarily adopt a long-buy strategy for the day, with aggressive traders handling range fluctuations within the $2343.0—$2375.0 range.
2. Open long positions near $2343.0. SL: $2337.0, Target:$2355.0—$2359.0—$2372.0.
3. Follow up with long positions upon breaking through $2352.0. SL: $2346.0, Target:$2359.0—$2372.0.
4. Establish medium-term short positions near $2373.0. SL: $2381.0, Target: $2354.0—$2344.0— $2330.0.
(Israeli and Egyptian military clashes! Escalating Middle East geopolitical crisis intensifies market sentiment; increased gold price volatility requires careful risk management to protect profits.)
