In the previous strategy, we recommended maintaining a high-selling and buying-low strategy for gold. We accurately predicted the high point near 3397 and arranged short positions near 3395. It then fell steadily to around 3371. Judging from the current gold trend, gold rose and then fell in the European session, touching around 3397, which is exactly the pressure level of the upward channel trend line. The Bollinger Bands in the 4H cycle closed, and the indicators temporarily showed signs of differentiation, but the overall market was resistant to declines at high levels. The current short-term support is around 3375-3370. If it does not break the short-term, it will still be volatile. If it falls below, the strong support of 3360 will be seen. The upper pressure levels are 3385, 3398-3400. In terms of operation, we still maintain a high-altitude, low-multiple short-term strategy. I will give the specific operation ideas at the bottom, remember to pay attention in time!
Trade active
As anticipated in the trading plan, gold rebounded strongly after finding effective support at 3370, successfully triggering a long position and entering a period of stable profit. The market trend is highly consistent with our structural forecast, fully demonstrating our precise grasp of market rhythm and key points. Trading is never an emotional outburst, but a long-term game based on logic, strategy, and execution. Only by adhering to planned trading, controlling emotions, and maintaining risk management can truly achieve stable profits. The market rhythm is currently clear, and conservative traders are advised to gradually reduce their positions and take profits, steadily locking in periodic profits. We will continue to monitor the performance of the upper resistance level. If pressure signals emerge, there will still be opportunities for short-term trading.Trade closed: target reached
Today's gold price trend closely aligned with our forecast, with a clear range structure. We flexibly responded around key points, incorporating market signals to strategically position both long and short positions, resulting in a steady profit. This reaffirms the importance of trend prediction and execution. Whether it's predicting short-term trends or identifying key pivot points, as long as your strategy is clear and risk management is in place, the market will always reward you. If your recent trading performance is disappointing or you're feeling lost, we welcome your support to discuss your options and help you avoid mistakes and steadily improve your trading skills. Only with a clear strategy and unwavering execution can you seize opportunities amidst volatility!
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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.
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.