Pre-market Outlook: Resistance at 5230-5250 Still Strong, Continue to Enter Long Positions Today

Trading is never about impulsively chasing gains or panic selling; it’s about maintaining rhythm and staying calm. Understanding the trend and adhering to discipline are key to steadily navigating the ups and downs.

This morning is in a halt, with the current quote stabilizing around 5190. Last night’s market movement fully aligned with our expectations: the price was blocked and pulled back at the key resistance zone of 5230-5250, with the bearish trend accurately reflected, setting a clear tone for today’s open.

From a news perspective, Middle East geopolitical tensions have eased, risk aversion has decreased, and combined with the US dollar index and monetary policy expectations, precious metals lack strong upward momentum in the short term. Funds are cautious overall, favoring continued downside.

Technically, previous high points remain effective resistance, short-term moving averages remain bearish, and after the open, focus on the rebound strength. The core resistance remains around 5230-5250, with support at around 5170.

The overall strategy remains primarily bearish. If, after the open, a rebound reaches and is blocked at 5230-5250, consider short positions accordingly, targeting 5190-5170, with a stop-loss above 5260. If the price breaks below 5170 support immediately after opening, look for lower targets. If it falls back to support and stabilizes, consider light long positions to play the rebound, with strict risk control.

Disclaimer: The above strategies are for reference only and do not constitute investment advice. Markets are risky; trade cautiously.