Today, the rhythm of gold going short first and then long is perfectly grasped. Congratulations to those who followed the trading plan for reaping good returns. We are still holding long orders at present, and the overall position is arranged around the idea of stepping back to low and long. From the current market structure, the 3325-3320 area below is an important dividing line for the bulls to be strong, and it is also a key support level that determines the subsequent direction. If this area stabilizes, the short-term structure will still be bullish and unchanged, and the rhythm of stepping back to low and long is expected to continue. It is expected that gold will rebound to 3340-3350 and the upper target again. If 3320 is lost, it is recommended to stop loss as soon as possible, and the defense position is recommended to be set below 3315 to prevent the short-term structure from turning short and bringing further callback risks. The core of this round of trend is that only by holding the support can we be qualified to talk about rebound; if the support is lost, we need to turn decisively to prevent being passive. The current market volatility has intensified, but the direction has not yet completely broken. The focus of operation is still on entering the market around key points, switching positions between long and short positions to find the rhythm, blindly chasing orders and emotional operations will be taboos in the current market. Opportunities are not absent, but they belong to those who are always ready. The structure is not broken and the low and long will not change.
Trade active
Our plan of going short first and then long today has been perfectly fulfilled. Now let me tell you how to deal with the market outlook. For friends who have long orders at high positions, it is recommended to adjust your mentality first. I will try my best to provide you with clear ideas and strategies, hoping to really help you. From the technical structure, there are obvious signs of stabilization at the bottom, and the short-term indicators are seriously derailed and seriously overbought. From the performance of the market, the probability of a short-term direct drop below 3320 is limited. At present, there are two expected paths in the market: the first is sideways fluctuations, using time to exchange space; the second is rebound consolidation, and then accumulate strength to prepare for a downward break. For friends who have long orders of 3335-3340, there is no need to rush to cut positions. From the current 4-hour chart, although the gold price is running below the middle track, the short-term short-term has a short advantage, but the overall structure is still in a range of fluctuations, and there is no clear breakthrough in the general direction. Remember: there is no trend of only rising and not falling, and there is no trend of only falling and not rising. One-sided continuity is often unhealthy. In terms of operation suggestions, you can rely on the loss of stop loss at 3320 to arrange low-level long orders, and gain the expected logic of the second "rebound accumulation". If the rebound is established, after the market goes up to 3340-3345, you can consider using low-level long orders to hedge the floating loss positions above, reduce risks, readjust your thinking, and avoid blindly guessing the trend reversal. The market should be carried out step by step.In short, the vicinity of 3320 is a key short-term support area, and the current stage is more of a time period for emotional and technical digestion. I hope this judgment can help everyone. Thank you for your attention, and you are also welcome to continue to follow up on my subsequent intraday reminders!
Trade closed: target reached
The gold long positions we currently hold have gradually entered a floating profit state. This round of layout is completely based on the key support areas clearly defined in the early stage. It is the execution of the plan within the strategy, rather than a temporary impulse or chasing ups and downs during the trading session. From the perspective of the market structure, gold has stabilized and rebounded from the 3320 line, which just verified our previous idea of retreating to lows and going long. As gold stopped falling and stabilized above the key support level, bullish signals were gradually released, and the market rhythm was also tilting towards bullish repair. This is exactly the core concept we have repeatedly emphasized: the market does not need to be forced every day, but key positions must be taken decisively. Opportunities are never exchanged for frequent transactions, but rely on clear logic + execution in place to steadily realize them. When most people are swayed by market sentiment due to intensified volatility and frequently passively stop losses. We chose to intervene in advance based on structural logic, hold firmly and wait for market confirmation. This is not only a smooth and profitable transaction, but also a direct reflection of the stable and efficient operation of our trading system. There is no 100% prediction in trading, but there must be a repeatable rhythm. Early layout, strict execution, and patiently waiting for the structure to be fulfilled are the fundamental paths to sustained profitability. The current long position holding rhythm remains unchanged, and the target is still pointing to the key counter-pressure area of 3340-3345. As long as the structure below is not destroyed, we will continue to advance steadily according to the original plan and wait for the market to further release space. The more turbulent the market, the more it tests cognition and execution. If the rhythm is right, profit is only a matter of time.
I treat every partner with my best efforts. I do not promise huge profits, but only pursue replicable and stable profits. Many people are already on this path, and you can too.Free witness telegram group t.me/TP_Daniel1
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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.
I treat every partner with my best efforts. I do not promise huge profits, but only pursue replicable and stable profits. Many people are already on this path, and you can too.Free witness telegram group t.me/TP_Daniel1
Related publications
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.