The daily gold line presents a three-top gathering pattern. The historical trend shows that the 3290-3280 area has triggered technical pullbacks many times, all of which rebounded to around 3350. The current 4-hour chart trend line suppression level coincides with the Fibonacci 0.618 pullback resistance from the previous high of 3450 to 3300 in the 3350-3360 range. This area constitutes the core pressure zone. If the price fails to effectively break through and stand above 3360 when it probes this area again, it is highly likely to replicate the previous two resistance and fall patterns. At that time, short orders will be arranged based on the 3350 first-line resistance area, with the goal of breaking the key support of 3300 and further looking down at the 3280 and 3260 levels. The overall bearish tendency is maintained, and the resistance to rebound is a signal to enter the market and sell short.
Gold recommendation: Gold is short around 3345-3352, target 3330-3320
Gold recommendation: Gold is short around 3345-3352, target 3330-3320
Trade active
The market has been less volatile recently, with frequent switching between long and short positions. Many investment friends were caught off guard and don’t know where to start. As soon as you buy, the price drops, and as soon as you sell, the price rises, and so on, resulting in continuous losses. In fact, this is a situation that many novice friends will encounter. Here I want to tell you that you need to have a precise control of the market and stick to your own trading logic. Of course, these are all empty talk for some novice friends. After all, they have just entered the market and do not have a strict trading plan. Most of them chase ups and downs, which eventually leads to serious losses. Don't know when to enter the market and want to double your profits? As long as you persist, without complicated operations, the weekly profit can reach more than 100-400%.Trade closed: target reached
Today's gold trend is highly consistent with the expected rhythm, and the shock structure is clear. We respond flexibly around key points, adopt two-way thinking and precise layout, realize long and short two-way harvesting, and successfully take phased profits. The real core of trading is to see the structure accurately and step on the rhythm steadily. There are market trends every day, but whether you can catch them depends on execution and thinking. Continue to keep the strategy clear and win in stability!
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://t.me/TP_Daniel1
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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.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://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.