After skyrocketing, gold is forced to short, brewing a second decline!

2025-03-05 1019

Since President Trump took office, gold has been greatly influenced by Trump's remarks, and Trump has single handedly disrupted global financial markets.

The collapse of the US Ukraine talks, the shadow cast by the Russia Ukraine talks, and Trump's indiscriminate tax hikes have been met with joint countermeasures from Canada, Mexico, and China. In recent trading days, the market has been betting on the impact of the Federal Reserve's May interest rate cut. Affected by the above, gold hit bottom and rebounded last Friday, and rose sharply for two consecutive days this week, reaching a high of 2928 yuan; Last week's peak of 2956 plummeted to 2832. The largest drop was $124. Judging from last night's peak of 2928, the bulls have recovered the majority of last week's decline.

Gold fluctuated at 2895 in the Asian session yesterday, while in the European session, it held the long short divide of 2880-78 and quickly broke through 2895 before the bulls saw an upward trend. In the US session, there was a slight surge and pressure from last Wednesday's high of 2930, a drop of 2900 before rebounding again. The daily closing was close at around 2916, with two consecutive bullish days; Recently, yin and yang have been constantly changing. Today, pay attention to turning yin.

From the perspective of the market, after the sharp decline of gold last week, the counter pressure formed by the 2614 trend support of two consecutive days of sharp rise and retreat, and the first retreat still focuses on the rise and fall; At the same time, pay attention to the pressure in yesterday's high point area, see adjustments when under pressure, accelerate to break through the bulls, and strive to break through the historical high of 2956. The key is the low point of 2900-05 in the US market. If it breaks below, a second decline will begin, gradually falling towards 2880-85 and 2860-55, as well as last Friday's low point. If the bulls hold on, they will continue to fluctuate at a high level and then continue to break up. In addition, looking at today's opening, the early morning rebound high of 2920 area is already a short-term pressure!
In terms of operation, we will use the trend reversal line and yesterday's high point to suppress short selling, and aggressively participate with the early morning high of 2920 as pressure. We will pay attention to the situation of breaking the 2900 level below and consider adding positions if it falls below. If there is an upward breakthrough, then pay attention to the impact of 2945 and historical highs in the short term. Gold fluctuates greatly, and news influences the market. Strictly cut losses when placing orders, and do not resist orders!
Silver, following the direction of gold, is the watershed between long and short positions in the 32-32.2 area during the day. It is first short, and breakthroughs can lead to short-term gains.
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