Gold 2.25 Analysis

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According to the hourly gold price trend, we can see a typical "Head and Shoulders" pattern, as well as the key support and resistance ranges, which provide us with in-depth market trend analysis.
First, the chart shows that the gold price fluctuates between several important support and resistance ranges. The current gold price is close to 2,940 USD, which is above the important support area (2,922.65 USD). If the price stays above this range, it may continue to seek a rebound and test the key resistance area of ​​2,954.96 USD upward.
The three main parts of the head and shoulders pattern:
Left shoulder: a rebound formed when the price started from 2,878.5 USD, and then the price rose and reached around 2,940 USD;
Head: The gold price rose to the highest point of 2,954.96 USD, forming the head area, and began to fall back;
Right shoulder: The price tested the 2,940 USD level again and began to fall back, forming the right shoulder.
This pattern usually indicates that the price may fall, especially after the price breaks the shoulder support line. However, the price has not yet broken the support line of 2,922.65 USD. If the support level is effective, gold may rebound again, break through the upper resistance line, and continue to rise.
From the perspective of technical analysis, the price of gold is currently in a price channel, with the upper and lower edges of the channel located near 2,954.96 USD and 2,878.5 USD respectively. The price of gold may rebound at the current support area (2,922.65 USD), and then break through the channel upward to further challenge the resistance of 2,954.96 USD. If the price falls below the support of 2,922.65 USD, it may further pull back and test the 2,878.5 USD area.
Combined with the Fibonacci retracement level, the current gold price has broken through the 0.618 (2,907.52 USD) and 0.5 (2,916.53 USD) levels, showing strong upward momentum. If the price can stabilize above these support levels, it may approach the 2,940 USD level again in the short term, or even break through.
In summary, the price of gold fluctuates in the range of 2,922.65 USD to 2,954.96 USD, and investors need to pay close attention to these key support and resistance levels. Breaking through these key levels will determine the next trend of gold. Breaking through the upper resistance may start further gains, while breaking through the support may lead to a pullback.

Operational suggestions:
Gold pulls back to the 2930-2925 area and arranges long orders, with a stop loss of 2915. Upward targets are 2945 and 2955.

For short positions, it is recommended to rush up to 2955 and then participate after falling below 2950. Reference area 2945-2950. Stop loss 2965.

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At present, the lowest point of gold has reached 2888. This wave of negative trend is a retaliatory decline. For overly bullish investors, tonight is a nightmare. For the current market trend, you can participate in long positions at a low level. After the sharp drop, there will inevitably be a rebound and correction, which is in line with the technical operation of the future market.

Ukraine and Russia have eased, and gold has broken again, and the market is still hot!
The intraday impact fell by 60 US dollars, which is a relatively large fluctuation in the near future. In the absence of news stimulation, 2900 is still a relatively good position, but if it breaks, you have to look at 2890 before considering entering the market.