Gold xau/usd 5.21 Market Analysis

Gold Spot (USD) Technical Analysis and Strategy

Technical Analysis

1. Trend Structure Currently, gold is operating within a downward channel, falling from a high of about $3500 to the current rebound near $3307.

2. Key Resistance Levels

* First Resistance: $3312.87 (recent high)

* Second Resistance: $3350-3400 area (multiple resistance zone)

3. Key Support Levels

* First Support: near $3250

* Second Support: psychological level at $3200

4. Technical Pattern The price recently attempted to break through the downward trend line but failed, forming a short-term top, and is currently in a correction phase.

Trading Strategy

Plan A: Range Trading

* Buy Point: Price falls back to near the $3250 support level (can set a range of $3245-3255)

* Sell Point: Price rebounds to the $3310-3315 resistance area

* Stop Loss: Long positions stop loss set below $3245; Short positions stop loss set above $3315

* Target: High sell low buy within the range

Plan B: Breakout Trading

* Bullish Strategy: If the price effectively breaks above the $3312.87 resistance and holds, can chase long

* Stop Loss: below $3300

* Target: $3350, $3380

* Bearish Strategy: If the price breaks below the $3250 support again, can chase short

* Stop Loss: above $3260

* Target: $3200

Risk Warning

1. Current market volatility is high; it is advisable to control positions.

2. Pay attention to the release of US data in the evening, which may cause significant volatility.

3. Set strict stop losses to avoid holding losing positions.

4. Disclaimer: The above is a personal opinion and does not constitute any investment advice.