Gold maintains a strong pattern in the short term, and it is recommended to mainly buy on dips. The short-term support below focuses on the neckline of the hourly line at 3340 last Friday. The more critical support is locked at the 3330 line. This range is an important watershed for judging the continuation of short-term bullish momentum. As long as the daily level can remain stable above the 3330 mark, the overall trend will remain upward. Before falling below this position, we should adhere to the idea of buying low and buying low, and rely on key support levels to arrange long orders. At present, the price has completed a technical breakthrough and broke through the upper edge of the 3330 convergence triangle under the dual positive factors of Trump's tariff landing to stimulate risk aversion and the support of the Fed's interest rate cut expectations, and formed three consecutive positive daily lines. It is necessary to pay attention to the short-term pressure at the 3375 line. The overall operation strategy will be combined with the real-time trend prompts during the trading session, and pay attention to the bottom in time.
Trade active
Today's gold market trend is basically within the predicted rhythm. I accurately grasped the suppression of the 3370-3373 area and prompted the layout of short orders in advance. The price fell to the 3360-3355 area. The short target was fulfilled as expected. After the callback was in place, we changed the rhythm in time, decisively intervened in the 3355 long order, and with the second rise of the market to 3370, we successfully completed the long and short double harvests. The rhythm was properly grasped and the profit was maximized. Entering the US trading period, I keenly noticed the change in the market's long and short forces, adjusted the strategy in time, clearly prompted the idea of stepping back to long, and decisively intervened in long orders near 3345. Although the rebound strength is limited, it still successfully reached the 3348-3350 area to achieve profit, and the long orders were harvested slightly, and the rhythm control was in place again.Gold is currently running near 3343, and the short-term performance is shock consolidation. From a technical point of view, the lower support focuses on the 3340-3330 range, and the upper resistance focuses on the vicinity of 3375. The overall trend has not changed. It is still recommended to focus on long positions in the callback, and wait for the key position to stabilize.
The key to trading is never to chase the rise and sell the fall, but to identify the rhythm, make plans, and execute decisively. As long as the direction is clear and the discipline is in place, every wave of market fluctuations is an opportunity for us to achieve steady profits.
Trade closed: target reached
Congratulations to those who followed the trading plan today and reaped high returns. The market is changing rapidly, and it is best to follow the trend. Do it when the trend comes, and never buy against the trend to avoid losses. Remember not to act impulsively when trading. The market is good at dealing with all kinds of dissatisfaction, so don't hold on to it. I believe many people have experienced this situation: the more you resist, the more panic you will have, the floating losses will continue to magnify, you will not eat well and sleep well, and you will miss many opportunities in vain. If you also have these troubles, then you might as well keep up with my pace and try to see if it can make you suddenly enlightened. If you need help, I will always be here, but if you don't even extend your hand, how can I help you?
I treat every partner with my best efforts. I do not promise huge profits, but only pursue replicable and stable profits. Many people are already on this path, and you can too.Free witness telegram group 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 treat every partner with my best efforts. I do not promise huge profits, but only pursue replicable and stable profits. Many people are already on this path, and you can too.Free witness telegram group 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.