#以太坊大户持仓变化 Gold Midday Analysis: Bulls Gaining Momentum to Break Through, Low-Level Entry Still Possible

Today’s market has been quite interesting. During the Asian session, the price fluctuated in the 4440 to 4455 range all morning. By the European session, there was a sharp rally, breaking through the 4455.67 barrier and reaching 4475 before pulling back. The day’s volatility approached $50, with the current price at 4460, up 0.26% from yesterday. Both bulls and bears are exerting effort, making the market look very exciting.

Why is today so strong? There are two main reasons:

First, the dollar has recently been faltering. Manufacturing data has been declining steadily, and the Fed’s talk of rate cuts is growing louder. The dollar’s safe-haven aura is fading, and gold priced in USD naturally rises with it. Second, tomorrow’s non-farm payrolls report is due. Market expectations are for 165,000 new jobs, but institutions like Goldman Sachs and Citigroup are more pessimistic, betting that the employment data will be weak. Many large funds have already positioned themselves to buy gold as a hedge against risk and inflation. Interestingly, US stocks rose today, yet gold prices did not fall, indicating an independent trend.

From a technical perspective, the bullish pattern remains intact. On the 4-hour chart, the MA7, MA20, and MA90 are all aligned in a bullish order. Although the price retreated slightly from 4475, it remains firmly above the short-term moving averages, which continue to support the gold price. The 1-hour chart shows clearer signals: during the European session’s rally, trading volume increased simultaneously, indicating genuine buying interest. The pullback did not break the short-term moving averages, showing strong bullish momentum.

How to operate safely?

The best opportunity to go long is when the price retraces to the 4440-4450 zone and stabilizes there. Enter with a small position, placing the stop-loss below 4430 (to avoid being stopped out prematurely). The first target is 4475-4480. If that level is broken, look further upward following the trend. Never chase the high; currently, the market is playing the non-farm expectation game. Fake breakouts to trap retail traders are common.

One point to emphasize repeatedly: volatility will increase significantly in the days before the non-farm report. Strict stop-losses are essential; greed is the easiest way to get burned. It’s better to earn less than to lose your principal.

Non-farm data usually moves inversely to gold: strong data can suppress gold prices, weak data can push them higher. But during the pre-report phase, many uncertainties exist. The key is to follow the market rhythm, seize entry opportunities during pullbacks, and secure profits steadily—that’s the winning strategy in this game.

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