Gold data stimulates flash crash, shorts break 3300?Gold / U.S. DollarFOREXCOM:XAUUSDLiz_Trading_gold Market review: Risk aversion changes instantly, gold price rises and falls Yesterday, the gold market experienced dramatic fluctuations again. First, it fell to around 3320 due to the pressure of the strengthening of the US dollar, and then it soared by 50 US dollars to 3377 in the short term due to the rumor that "Trump may fire Powell", but the gains were given back after the news was clarified, and finally closed at around 3347. The daily line closed positive but failed to break through the key resistance. In the early Asian session today, the gold price fluctuated narrowly around 3346, and the market traded cautiously. The US retail sales and initial jobless claims data were strong, the US dollar index rose in the short term, the US Treasury yield rose, and gold fell under pressure to below 3320. However, the market still has differences on the Fed's policy, and the downward space of gold prices may be limited. Technical analysis: The shock has not been broken, and high selling and low buying are still the main theme 1. Daily level: The range shock continues Key range: 3320-3375, three times of probing 3375 but not breaking, two times of testing 3320 to get support, showing that the long and short tug-of-war is fierce. Indicator signal: KDJ is blunted, MACD is glued, MA5-MA10 is golden cross but the momentum is insufficient, and it is difficult to form a unilateral trend in the short term. 2. 4-hour level: Short-term correction pressure increases MACD dead cross, KDJ turns downward, indicating that there is still a short-term correction demand, and the support below focuses on 3320 (the lower track of the Bollinger band). If it falls below, it may test 3300-3285. The upper resistance is 3358-3377. If it breaks through, it may test the 3400 mark, but be wary of the risk of high-rise decline. Operation strategy: Buy low, don’t chase short Short-term low-long: Try to buy with a light position when it falls back to 3310-3315, stop loss 3300, target 3340-3350. High-altitude opportunity: If it rebounds to 3365-3370 and is under pressure, you can try short-selling, stop loss 3380, target 3350-3340. Follow-up after breakout: If it unexpectedly falls below 3300, wait and see and wait for the support of 3280-3260 before considering buying low; if it breaks through 3400, it may open up upside space, but be wary of false breakthroughs. Market sentiment and risk warning Negative factors: The dollar is stronger, the US Treasury yields are rising, and the Fed’s expectations of rate cuts are cooling down. Positive support: Geopolitical uncertainty, the risk of high valuations of US stocks, and the market’s sensitivity to economic data is still high. Personal opinion: Although the data is bearish for gold in the short term, the market is still in a volatile pattern and it is not advisable to chase the short position. Conservative investors should wait for key support levels to buy low, or follow the trend after a breakthrough.