陈峻齐:黄金警惕黑色星期五

Core Viewpoint - The gold market is currently in a bullish trend but may experience adjustment space, with strong market consensus leading to potential washouts and aggressive sell-offs by major players [1][3]. Market Trends - Over the past week, gold prices have shown significant volatility, with a strong rise on Monday, a slight adjustment on Tuesday, and a subsequent upward trend on Wednesday, followed by a sharp decline on Thursday [1][3]. - The recent price movements indicate that after reaching a high of 4374, gold faced resistance near the historical high of 4380, leading to a notable drop [4]. Trading Strategy - It is emphasized that investors should not chase after bullish trends but rather time their entries carefully, particularly after the first breakout of a high [1][3]. - The current support level to watch is 4308; maintaining this level could allow for long positions, while a drop below it would necessitate a cautious approach and potential short positions [4]. Risk Awareness - There is a noted pattern of significant sell-offs occurring on Fridays, referred to as "Black Friday," which investors should remain vigilant about [4].