Gold Old Cat: Gold Volatility Continues, Timing for Selling High and Buying Low

Hello everyone, I am Gold Old Cat. Recently, gold has maintained wide-range fluctuations, opening today at 4618, with a high of 4621, a low of 4591, and a current quote of 4608, which aligns with the range-bound fluctuation assessment.

There is a lack of significant news data, with bulls and bears in a stalemate. The market is awaiting signals on inflation and Federal Reserve policies. Funds tend to operate within the range, supporting a strategy of selling high and buying low.

From a technical perspective, gold is trading within the 4580-4640 large range, with today’s small range between 4592-4616. The price repeatedly tests key levels without clear breakouts, maintaining a stable oscillation pattern.

In terms of operations, focus on selling high and buying low: within the large range of 4580-4640, go long near 4580-4590 with targets at 4630-4640; go short near 4630-4640 with targets at 4590-4580. Within today’s small range of 4592-4616, go long lightly near 4592 with a stop loss at 4588 and targets at 4610-4616; go short lightly near 4616 with a stop loss at 4620 and targets at 4600-4592. Please control position sizes and strictly adhere to stop-losses.

Disclaimer: This article reflects personal opinions only and does not constitute investment advice. Gold trading involves high risk. Please make rational decisions based on your own situation. I am not responsible for any operational gains or losses.