Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
4.22 Gold: Yesterday's Crash Logic Summary, Focus on 4780 Key Level Today
On the daily chart, gold maintained a generally weak downward trend yesterday, closing with a bearish candle, forming a bearish engulfing pattern. The price has effectively broken below the 5-day and 10-day moving averages, which are short-term supports, and the dual moving averages are turning downward and gradually forming a death cross, confirming a bearish trend, and the short-term market has fully turned weaker.
On the 4-hour chart, the MACD has a death cross with decreasing volume and is oscillating, while the dynamic indicator STO is recovering upward, indicating a rebound demand. Currently, the middle band of the 4-hour Bollinger Bands and the MA60 are gradually converging, forming strong resistance in the 4780-4800 area, and this resistance level will be further confirmed over time. Therefore, around 4780 is the key intra-day level, with the current price testing this resistance area upward.
Gold trading strategy:
1. Short at the 4770-4780 zone on rebound, with a stop loss at 4790, and targets at 4740-4700
Disclaimer: The above content is for personal ideas and opinions sharing only and does not constitute trading advice.