Gold price rose rapidly at the opening, reaching a high of 3342 before falling back. This kind of rapid pull needs special attention, because from the perspective of short-term trading, this is the trend pattern that needs the most vigilance. Looking back at the trend last Thursday, there was also a situation where the high could not be continued. Historical data shows that this kind of pull-up often lacks sustained momentum, and the subsequent upward space is limited. Combined with the recent trend, although the price rebounded on Monday and Tuesday, it basically maintained a volatile pattern in the following trading days, but the fluctuation range changed. Therefore, the market expects the trend to be repeated in stages, and the information of long and short interweaving makes it difficult for the market trend to continue. Today, the short position digested the second time at the opening and currently stepped back to the lowest 3305 line. In terms of operation, we first pay attention to the situation of 3303-3293. If the support below is broken today, then the market will reverse to the short position. Otherwise, we will continue to rebound from the bottom and look for opportunities to do more.
From the current gold trend analysis, the support line of 3303-3293 is concerned below, the short-term resistance above is concerned about 3325-3330, and the suppression line of 3345-50 is focused on. The overall main tone of high-altitude low-multiple cycle participation remains unchanged. In the mid-line position, keep watching and do less, follow orders cautiously, and wait for the opportunity to enter the market after the key points are in place.
Gold operation strategy:
1. Go long near 3293-3303 for gold, and the target is 3315-3320.
2. Go short near 3320-3330 for gold, and the target is 3310-3300.
From the current gold trend analysis, the support line of 3303-3293 is concerned below, the short-term resistance above is concerned about 3325-3330, and the suppression line of 3345-50 is focused on. The overall main tone of high-altitude low-multiple cycle participation remains unchanged. In the mid-line position, keep watching and do less, follow orders cautiously, and wait for the opportunity to enter the market after the key points are in place.
Gold operation strategy:
1. Go long near 3293-3303 for gold, and the target is 3315-3320.
2. Go short near 3320-3330 for gold, and the target is 3310-3300.
Trade active
According to the idea and the trading plan, long orders were entered at 3300-3301. Currently, the floating profit of the position is being held. The target position is 3315-3320. Strictly follow the trading plan. Gold has accurately arranged long orders in the key support area of 3300-3301. Currently, the position shows good floating profit. The operation basis includes clear technical support. 3300 is a strong support area formed at the bottom of the previous shock. Buyers actively take over; the rhythm is accurately grasped, and the low-long idea is maintained in combination with the intraday and short-term trends. The risk control is strict, and the stop loss is strictly set in batches to ensure that the risk is controllable. The target is locked in the key resistance area of 3315-3320. The rebound is expected to continue in the short term, waiting for market confirmation. Trading is not only a bet, but also a precise control of rhythm and risk. Winning in stability is the core principle.Welcome to continue to pay attention to get more real-time gold strategies and market analysis to help you make steady profits.
Trade closed: target reached
Congratulations to the brothers for making profits as planned again. The long positions have been successfully closed and the short-term goals have been achieved as scheduled! The current strategy remains unchanged. The second retracement of gold has not broken the support. We decisively arranged long positions again. The current positions continue to be profitable, and the target is 3315-3325. The target is locked in the 3315-3325 area. In terms of operation, maintain the rhythm of trend trading and pay close attention to the performance of the upper resistance level. If the rebound is in place and the pressure is obvious, consider arranging short positions in line with the trend. Steady execution, controlling the rhythm, and patiently waiting are the core of our continued profit in this market.Subsequent strategies will be adjusted in time according to the market rhythm. Please continue to pay attention to more real-time guidance!
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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.
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.