After short-term sideways consolidation, gold continued its downward trend in the European session. It is expected to break the previous wide sweeping pattern today. In the 4H cycle, the price effectively fell below the middle Bollinger band under the pressure of continuous negative lines, showing the momentum of continued decline; after the short-term support of 3360 was lost, the lower Bollinger band space was further opened, and the weak pattern was confirmed. Strategically, the European and American sessions were adjusted to maintain a downward trend. The upper pressure focused on the 3365-3380 area. The operation was mainly rebound shorting. If 3350 was further broken below, the target could be extended to the 3340-3330 area.
Gold operation suggestion: short gold when it rebounds around 3365-3380, target 3350-3340-3330.
Gold operation suggestion: short gold when it rebounds around 3365-3380, target 3350-3340-3330.
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.