Gold bottomed out and rebounded yesterday, breaking the high slightly to touch 3390 before falling back. The daily line closed with a small bullish cross overnight, and the upward momentum has slowed down. Today it tends to fluctuate at a high level. In the 4H cycle, the Bollinger band is closing, and the overall bulls continue to run upward. The big positive line directly pulls up, which is relatively strong. The overall market is resistant to declines. Therefore, the big cycle does not expect a big drop for the time being, but the short-term trend fails to continue further. It is safe to maintain a pullback and go long. Pay attention to the support below 3365-3350. Go long after it stabilizes. First look at yesterday's high of 3390. If it breaks, there is a probability of going to 3400 or even around 3415, but be careful of a high rush and fall.
Trade active
Once you enter the market, you must have the courage to fight it. Cowardice will only set us back further; only by moving forward courageously can we achieve what we desire. Trading is a tortuous journey, not a smooth one. I believe many people see the beauty of the outside world, only to wonder why the risks are always so high? It's because they don't see the reality clearly! We can't change market risks, but we can control them. Since entering this market, I have remained true to my original aspirations. Profits can only be achieved by controlling risks, but as long as we can seize opportunities diligently and adhere to the correct trading logic, we can quickly turn losses into profits. Without a sound system, one lucky break is a lucky break, and two lucky breaks are also lucky breaks, and ultimately, only losses await us!Trade closed: target reached
My overall recent strategic thinking has been perfectly executed, with market conditions closely aligned with my predictions. Execution has resulted in profits. Congratulations to everyone who strictly followed their trading plan and achieved excellent returns. Those who persevere will stand out, while those who don't will be eliminated. The market is always full of opportunities, but those who are not determined will always be eliminated. With persistence, and without complicated operations, weekly returns of 100-400% or more are possible.
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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.