After testing the 3380 support level several times in a row today, gold maintained an oscillating upward trend. Today's layout of 3380 repeatedly went long, and 3400 shorts were all successfully closed with profits, with a total profit of 580pips. Currently, gold is oscillating at a high level in the 3404-3380 range. The possibility of a direction choice cannot be ruled out in the evening. If the market continues to be bullish in the evening, it is necessary to pay attention to whether the price will fall below 3380 when it tests the support level for the third time. If the support level is effectively broken, it is expected to fall to the key support level of 3370. If the price firmly stands above the 3400 mark, it may continue to test 3410. If there is no breakthrough either above or below, it will still maintain a range of oscillations, and the idea of selling high and buying low will be the main focus.
Trade active
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.Trade closed: target reached
This week's trading rhythm was clear, market trends were accurate, trading plans were strictly executed, key market swings were steadily advanced, and overall performance was stable and orderly. Congratulations to those who steadfastly followed their plans and reaped good returns. Plan your trades, and execution is king. Focus on the dual drivers of the market's structure and emotional rhythm. Avoid chasing highs and selling lows, and only make high-probability trades after confirmation. Trading isn't about frequent trading; it's about identifying, executing, and maintaining stability. The direction isn't difficult; focus and patience are. The pace isn't fast; emotions and impulsiveness are. Next week, continue to prioritize planning, seek success through stability, maintain a consistent pace, and take steady steps.
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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.