The market closed at 3326 on Thursday and still failed to break through the small range of long and short positions. The overall market is in a strong bullish trend and this trend indicates the possibility of a breakout in the future. In this week's trading example, after confirming that the 3315 low support is effective, a short-term long operation was successfully carried out below the area and profited. The picture and truth can be checked in the article on Thursday. In the short term, continue to pay attention to the range shock and pay close attention to the breakthrough direction of key points. The first thing to pay attention to is the strong pressure of 3355. If it breaks through and stands firmly at this position, it will open up further upward space, and the potential target can be seen in the 3365 or even 3400 area. On the contrary, if the gold price is always under pressure below 3355, the market is likely to continue the current shock and consolidation rhythm. Therefore, breaking through the 3355 mark will be a key signal to judge whether the market can release significant upward momentum in the future. Before the effective breakthrough, continue to intervene in the low-long opportunity at the 3325-15 support level of the shock range. On the upper side, you can arrange short positions at 3345-3455.
Trade active
The current gold price has surged in the short term and has temporarily broken through the upper pressure level of 3355, but it is still within the predicted range as a whole. This round of short order plan is still being implemented. I have informed everyone that the defense position is uniformly set at 3365 as a key risk control point: If the suppression in the 3355-3360 area is effective, it is expected to fall back and test the 3340-3330 range again. It is recommended to take short-term profit and exit, and wait for the pullback to stabilize before going long. If the pullback does not break, this area will be an opportunity to enter the market with the trend. If it subsequently breaks through 3365 strongly and stabilizes, it will be regarded as the structure being confirmed to be destroyed. At that time, we will strictly implement stop loss and re-evaluate the direction. The current market is close to the critical area. It is recommended that friends who have entered the market remain patient, execute strategies according to the plan, control risks, and do not make emotional operations before the market opens.🔔For more specific operation details and strategy updates, please pay attention to the notification 🌐 at the bottom.
Trade closed: target reached
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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.