I write every article hoping to connect with those I'm connected with. I hope to help investors in need. Regardless of initial impressions, I should give them a chance to understand me. I believe that the fact you've read all this is fate, and investing is largely about fate. If you believe in fate and believe I can do something for you, you might want to talk to me.
Gold has been falling steadily today. Technically, the hourly moving average is turning upwards from its highs. This suggests a potential short-term rebound for gold bulls, and they may need significant news to stimulate their decline. Otherwise, they may struggle to achieve significant gains in the short term. With this hourly decline, there's little chance of a major rebound. The key level for gold remains around 3365-3380. After all, previous support levels have become resistance levels. If your current trading isn't ideal, I hope I can help you avoid investment setbacks. Feel free to discuss your options.
From the perspective of the 4-hour cycle structure, the lower support is focused on the 3340-3330 area, which is an effective support zone that has been verified many times; the upper resistance is focused on the 3365-3380 area, which may form a key suppression level in the short term. In terms of operation ideas, we should maintain a two-way strategy of shorting on rebounds and going long on pullbacks. According to the changes in the shape and momentum of prices touching key positions, we should flexibly adjust the entry direction, specific execution points and risk control plans. I will remind you as soon as the market touches key areas, so please pay attention in time.
Gold Trading Strategy:
1. Short gold in batches when it rebounds around 3365-3380, targeting 3350-3340.
2. Go long on gold when it falls back to around 3340-3330, with the target at 3355-3360.
Gold has been falling steadily today. Technically, the hourly moving average is turning upwards from its highs. This suggests a potential short-term rebound for gold bulls, and they may need significant news to stimulate their decline. Otherwise, they may struggle to achieve significant gains in the short term. With this hourly decline, there's little chance of a major rebound. The key level for gold remains around 3365-3380. After all, previous support levels have become resistance levels. If your current trading isn't ideal, I hope I can help you avoid investment setbacks. Feel free to discuss your options.
From the perspective of the 4-hour cycle structure, the lower support is focused on the 3340-3330 area, which is an effective support zone that has been verified many times; the upper resistance is focused on the 3365-3380 area, which may form a key suppression level in the short term. In terms of operation ideas, we should maintain a two-way strategy of shorting on rebounds and going long on pullbacks. According to the changes in the shape and momentum of prices touching key positions, we should flexibly adjust the entry direction, specific execution points and risk control plans. I will remind you as soon as the market touches key areas, so please pay attention in time.
Gold Trading Strategy:
1. Short gold in batches when it rebounds around 3365-3380, targeting 3350-3340.
2. Go long on gold when it falls back to around 3340-3330, with the target at 3355-3360.
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
Today's market trends fully aligned with expectations, with a clear structure of fluctuations. By flexibly responding to key trading points and employing a precise, two-way mindset, we achieved profitable long and short trades, steadily reaping periodic profits. In trading, following the trend is as important as flexible adjustments. We utilize rigorous risk management and scientific position control to minimize drawdown risk and ensure steady account growth. If your current gold trading performance is subpar, or you're encountering bottlenecks in strategy execution or risk control, please feel free to contact us. We will provide targeted, professional guidance based on the latest market trends to help you avoid detours and maintain steady progress on your investment journey.
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.
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.