Gold prices have continued to rebound recently and have reached around 3358, but there is a lack of effective retracement during the rise, and the risk of short-term chasing has increased significantly. From a technical perspective, the US dollar index has a demand for a corrective rebound after a rapid decline, and it is expected to form a significant suppression on gold in the short term, limiting the rebound space of gold prices. From a capital perspective, the previous high-level long chips have gradually been untied and started to leave the market with profits, and selling pressure has gradually emerged; short positions may be re-arranged after completing concentrated stop losses, and the market structure is quietly changing.
Based on the above factors, it is recommended that traders remain patient and continue to hold short positions, focusing on the support of the 3335-3325 area. Be sure to control your position during the operation, strictly set stop losses, and avoid the high risks brought by chasing the rise. The core of trading is to follow the trend, respect the market rhythm, and wait for the adjustment to be confirmed before intervening.
Steady trading can only make long-term profits. Welcome everyone to share and communicate to improve the operation level together.
Based on the above factors, it is recommended that traders remain patient and continue to hold short positions, focusing on the support of the 3335-3325 area. Be sure to control your position during the operation, strictly set stop losses, and avoid the high risks brought by chasing the rise. The core of trading is to follow the trend, respect the market rhythm, and wait for the adjustment to be confirmed before intervening.
Steady trading can only make long-term profits. Welcome everyone to share and communicate to improve the operation level together.
Trade active
Brothers who follow the trading plan to short, it is recommended to take profit and exit in time after a pullback of 10-20 US dollars. Next, pay attention to the support of 3335-3330 area below and see a second rise if it is not broken. If the market weakens and breaks down the 3325-3315 area, adjust the strategy at that time.🔔For more specific operation details and strategy updates, please pay attention to the notification 🌐 at the bottom.
Trade closed: target reached
Congratulations to the brothers who followed the trading plan. The gold trend is as expected. The gold short position has successfully reached the expected target, and the short-term profit has been steadily pocketed. From the entry logic to the target setting, the whole process is carried out in rhythm, which truly reflects the importance of strategy-driven trading. Next, focus on the performance of the support area below. If the support is effective and not broken, it will be a good opportunity to arrange long orders. If the price continues to rise strongly, the strategy will be adjusted according to the real-time structural changes, waiting for more cost-effective trading opportunities to appear.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://t.me/TP_Daniel1
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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.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://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.