The daily structure of gold still maintains a bullish dominant pattern. The upper target is the upper Bollinger band of 3400. If it breaks through this position, the upside space will be further opened up. The 4-hour Bollinger band is gradually closing, and the price is fluctuating in the range of 3400-3360. In the short term, it is still treated with range thinking. Before an effective breakthrough, the operation can adopt a high-altitude and low-long strategy. Gold is currently at a critical node of change. If it rises and falls in the evening, it may release a temporary peak signal. The area below 3400 is expected to become an opportunity for the layout of medium-term short positions. The overall recommendation is to remain cautious, respond flexibly to changes in rhythm, and strictly control risks.
Gold operation suggestion: You can continue to try short selling in the 3390-3400 range, with the target at 3380-3370.
Gold operation suggestion: You can continue to try short selling in the 3390-3400 range, with the target at 3380-3370.
Trade active
Today's 1 long and 4 short positions were perfectly grasped, with a total profit of 640pips! The first wave entered the market with a short order at 3378, accurately positioned the downward rhythm, and took profit when it fell to 3367, earning 110pips. Gold encountered resistance when it rushed up, and decisively went short again at 3395, took profit at 3380, and earned another 150pips. It fell back to 3372 and quickly responded to go long, and rose to 3387 to take profit, holding 150pips steadily. At the high of 3392, it decisively went short, and left the market when it fell to 3375, making a profit of 170pips. The last order entered the market with a short order at 3393, took profit at 3387, and ended steadily. Today's trading rhythm is efficient, the strategy is clear, and the execution is firm, which fully reflects the trading logic that only with planning can there be profits. The core of trading is not to predict rises and falls, but to control risks and insist on execution. Real masters never fantasize about profits, but always focus on avoiding losses. Most losses do not come from the market, but from luck and unsteady execution. Successful trading does not rely on luck, but on mature thinking and long-term trading habits. Think about risks first, then seek profits; correct cognition first, then seek returns. Patience, discipline, and risk control are the underlying logic to cross market fluctuations.Trade closed: target reached
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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.