Tuesday Market Analysis and Trading Ideas

Gold has recently been showing a pattern of rising then pulling back, currently in a phase of repeated oscillation. It surged to 4549 but was pushed down, and the Bollinger Bands are beginning to weaken, indicating that the bears have been in control for some time; the lowest point was around 4303. Although there was a rebound, the momentum was modest, suggesting it is still being suppressed.

From a technical perspective, focus on the 4380 resistance level today, with stronger resistance zones at 4420-4470. Support levels are at 4300, with a key support at 4270. If this level is broken, the price may undergo a deep correction.

Recently, several factors have been suppressing the price—diminished expectations of rate cuts, easing tensions in Russia-Ukraine, and institutions taking profits at year-end. On the other hand, the central bank has been buying gold, and the US dollar isn't as strong, which still supports the price. The overall bullish trend remains intact.

For specific operations, consider building long positions in the 4340-4305 range in multiple steps, targeting 4380-4400. If the price breaks below 4300, don't rush to enter; wait until support is confirmed to hold or a clear rebound signal appears before looking for long opportunities.

Risk management is crucial—year-end liquidity shortages can cause false breakouts. Keep individual positions below 1.5%, and avoid holding overnight positions. Maintain a low-buying strategy, avoid chasing highs, and only enter after key supports are confirmed.