Gold Digger Old Cat: Precise Execution of Morning Shorts, Afternoon Range Trading for Buying Low and Selling High

Morning Market Review: We clearly indicated in the morning that the 5080-5090 zone is a key resistance level, suitable for short positions. The market peaked at 5078 and then retreated to around 5050. Our identified resistance and support zones were fully validated, and short positions were successfully profitable.

From a news perspective, the market has recently lacked major driving events. Whether it’s Federal Reserve officials’ speeches or macroeconomic data, there has been no unexpected information to break the current balance. Market expectations for the Fed’s rate cut pace have been temporarily digested, with both bulls and bears waiting for clearer policy signals. This has caused gold to enter a “news vacuum period,” with volatility significantly compressed.

Technically, gold has been oscillating within the 5040-5100 range for several days. On the 15-minute chart, bulls and bears have been repeatedly tugging, without forming a clear trend breakout. The current price hovers around 5074, with strong resistance at 5080-5090 and short-term support at 5050-5045. The moving averages are also converging, indicating a typical range-bound market.

As for the core reason behind the recent dull market, on one hand, traders are cautious ahead of key data releases like non-farm payrolls; on the other hand, bulls and bears have temporarily reached a delicate balance, with no side able to establish overwhelming dominance. In this environment, opportunities for one-sided swings are rare, and forcing trades can lead to repeated shakeouts.

In the afternoon and evening, we will continue to focus on range trading within 5050-5080, selling high and buying low, avoiding chasing rallies or panic selling, and securing steady profits.

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Disclaimer: The above analysis reflects personal opinions only and does not constitute any investment advice. The market carries risks; invest cautiously. Any gains or losses from operations are at your own risk.