My midnight blog idea is a low-buy strategy around 5040~5050. The market is moving exactly as expected, with prices rising after the open, getting closer and closer to the target level. The long strategy has achieved ideal results, allowing for profit-taking.

From a technical perspective, after gold broke below 5200, it entered a consolidation and correction phase, showing a pattern of long and short traps. Currently, whether from a risk sentiment or the overall technical trend, gold bulls have not been completely defeated. Based on recent volatility, even if there is a significant pullback at night, gold tends to rebound and recover the previous decline after the next morning’s open. Therefore, in the short term, we should continue to look for a bottoming rebound to go long, with resistance at 5150-5200 and support at 5050-5000.

Trading suggestion: Light long positions at 5060-5070, stop loss at 5040, target at 5150, and hold if broken through, aiming for 5200.

Disclaimer: The above content is for personal ideas and opinions only and does not constitute trading advice.