Gold Spot / U.S. Dollar
Long
Updated

The idea is clear, gold falls as expected!

497
The gold market is just as I predicted. I have repeatedly warned everyone not to chase the 3350-3355 line. The technical side needs to step back. Now, it just proves the idea I gave. After gold hit the highest line of 3358, it stepped back to the 3337 line and started to fluctuate. Our 3355 short order plan successfully touched 3340 to stop profit and exit. From the current gold trend, it should fluctuate like this before closing. After the opening, we will step back and go long as planned. Focus on the 3330-3335 line below. If it does not break, we can consider going long.

From the current gold trend analysis, pay attention to the 3360-3370 line of pressure on the top, and the short-term support on the bottom is around 3330-3335. Focus on the key support at 3315-3325. Relying on this range as a whole, maintain the main tone of low-long participation unchanged, wait for the pullback to confirm the support and then intervene when the opportunity arises. In the middle position, keep watching and do less, chase orders cautiously, and wait for the entry opportunity after the key points are in place.

Gold operation suggestion: go long around 3315-3325, target 3340-3350.
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Trade closed: target reached
Gold continued its main trend of rising again after a pullback today. We have arranged long orders at the 3330-3331 line below, and have notified to take profit at the 3343 line. Currently, gold has started to fall back and adjust after fluctuating at the 3345 line. Don't be afraid of pullback adjustments. We mainly focus on the 3325-3315 area below, which was the support of yesterday's breakthrough point. As long as it does not effectively fall below this range, gold still has the momentum for further rebound. We have also given the strategy and ideas for pulling back and going long in advance. Combined with the current trend, the intraday operation is still supported by 3325-3315. Relying on this position, long orders are arranged mainly. The overall bullish idea remains unchanged.

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