Gold has been volatile recently, with intraday fluctuations ranging from 1 to 200 US dollars, which greatly increases the difficulty of operation for retail investors. On the surface, there are many opportunities, but there are only a few real big market opportunities. If you miss the rhythm, you can only watch your funds shrink. Remember that risk management is crucial.
From the 4-hour analysis of gold, there are repeated resistances from bulls before the downward break; once it breaks down, the market will go further down, and the focus below is 3340. The upper short-term is 3370-3380, and the important resistance is 3400. Only by breaking through the bulls can the rebound continue. In terms of operation, sell high and buy low, and pay attention to the breakthrough!
There are too many long orders accumulated at the current high level of gold, and the market will not rise sharply easily. The current international situation is so tense, and gold is still slowly declining. In this situation, it is difficult to rebound sharply.
Operational suggestions: For short orders above, focus on the layout of the 3370-3375 area, strictly set a stop loss, target more than 20 points, control risks, and follow the trend.
From the 4-hour analysis of gold, there are repeated resistances from bulls before the downward break; once it breaks down, the market will go further down, and the focus below is 3340. The upper short-term is 3370-3380, and the important resistance is 3400. Only by breaking through the bulls can the rebound continue. In terms of operation, sell high and buy low, and pay attention to the breakthrough!
There are too many long orders accumulated at the current high level of gold, and the market will not rise sharply easily. The current international situation is so tense, and gold is still slowly declining. In this situation, it is difficult to rebound sharply.
Operational suggestions: For short orders above, focus on the layout of the 3370-3375 area, strictly set a stop loss, target more than 20 points, control risks, and follow the trend.
Trade active
Congratulations to the brothers who strictly implemented the strategy and successfully achieved phased profits. Considering that it is approaching the weekend and the market is about to close, in order to avoid the uncertainty risks that may be brought about by the weekend news, it is not recommended to continue holding positions at present, and the safety of funds should always be put first.The overall volatility of the current market has narrowed, and the probability of releasing a big market in the short term is limited. In order to prevent profit taking and avoid the potential disturbance of the market due to weekend news, choosing to stop profit and exit at the current point is a more prudent way of dealing.
The essence of trading is risk control and steady accumulation, and long-term stability is the real victory. I wish you all a happy weekend, maintain a good state and trading discipline. Next week we will continue to pay attention to the market rhythm, accurately capture high-probability trading opportunities, steadily advance, strive to improve trading performance, and ensure that the income continues to grow steadily.
Trade closed: target reached
Congratulations to the brothers who followed. The gold trend this week is highly consistent with our prediction. The key points are accurately grasped, the ideas are clear, the execution is decisive, and the profits will naturally come naturally. The market is never short of volatility, what is lacking is advance layout and firm execution. The biggest victory is to step on the rhythm accurately. This week, the overall strategy was all accurately implemented, and execution was profitable. The brothers who strictly followed the plan all reaped ideal returns. Trading never depends on luck. Only those who can persist can stand out. Those who are wavering will only be eliminated by the market. As long as the ideas are right and the execution is stable, it is not difficult to achieve a weekly return of 100%-400% even without complex operations. Adhere to discipline and continue compounding. Next week, we will continue to win at the starting point! 💪
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.