The momentum of gold is weak. In the early trading, there was only a wave of upward momentum, while in the evening, it quickly fell below the 3,400 key level. As previously mentioned, if gold holds above the key level of 3,400, the bullish trend will continue. However, after breaking below 3,400, a small - level top has been formed in the short term, and the market is no longer so strong.
For our short - term operations, in the short - term correction, the gold price should focus on the support of the MA5 in the daily cycle and the MA5 in the weekly cycle for long positions. On the pullback, pay attention to the resistance level of 3,403 - 3,408 for short positions. A rebound can be followed by shorting, but it should be noted that it can only be a short - term operation!
Although gold has broken below 3,400 and the short - term direction has changed, the long - term direction has not changed. It is still in a bullish trend, and we still have the opportunity to see the high of 3,500 in the future. However, we need to wait until the bottom stabilizes. At present, we can only follow the trend and do what the market does. Short on the rebound in the next two days!
you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
Trading Strategy:
sell@3410-3420
TP:3380-3390
For our short - term operations, in the short - term correction, the gold price should focus on the support of the MA5 in the daily cycle and the MA5 in the weekly cycle for long positions. On the pullback, pay attention to the resistance level of 3,403 - 3,408 for short positions. A rebound can be followed by shorting, but it should be noted that it can only be a short - term operation!
Although gold has broken below 3,400 and the short - term direction has changed, the long - term direction has not changed. It is still in a bullish trend, and we still have the opportunity to see the high of 3,500 in the future. However, we need to wait until the bottom stabilizes. At present, we can only follow the trend and do what the market does. Short on the rebound in the next two days!
you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
Trading Strategy:
sell@3410-3420
TP:3380-3390
You❗️CAN and ❗️SHOULD make money in trading!
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"The Golden Key to Financial Freedom"
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"The Golden Key to Financial Freedom"
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Join me, I'll guide you to PROFITABLE TRADING💵!
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You❗️CAN and ❗️SHOULD make money in trading!
t.me/+jqmDDXFtAyNhMjZk
"The Golden Key to Financial Freedom"
t.me/+jqmDDXFtAyNhMjZk\
Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
t.me/+jqmDDXFtAyNhMjZk
"The Golden Key to Financial Freedom"
t.me/+jqmDDXFtAyNhMjZk\
Join me, I'll guide you to PROFITABLE TRADING💵!
t.me/+jqmDDXFtAyNhMjZk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.