Today, I have reminded you many times not to chase short positions at low levels. Now you can see that gold has bottomed out and rebounded. We also bought gold in batches at 3285-3295, and the long positions also made perfect profits. I believe that friends who follow my articles can see that I have always emphasized not to short at low levels. It is also obvious to everyone that we bought long positions near 3295-3285. In the future, we will continue to pay attention to the suppression of the upper 3318-3325 line. If the rebound does not break, we will look for opportunities to short. I hope everyone can grasp the entry position and hold the profit. The rebound will first look at the previous break point of the 3325 line, and then short when the rebound is suppressed! If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with me!
From the current analysis of gold trend, today's upper short-term resistance focuses on the hourly top and bottom conversion position of 3318-3325. The intraday rebound relies on this position to go short once and look down. The lower short-term support focuses on 3280. The overall support relies on the 3280-3325 area to maintain the main tone of high-altitude low-multiple cycles. In the mid-line position, keep watching and do less, be cautious in chasing orders, and wait for the opportunity to enter the market after the key points are in place.
Gold operation strategy: short gold rebounds near 3318-3325, target 3305-3295.
From the current analysis of gold trend, today's upper short-term resistance focuses on the hourly top and bottom conversion position of 3318-3325. The intraday rebound relies on this position to go short once and look down. The lower short-term support focuses on 3280. The overall support relies on the 3280-3325 area to maintain the main tone of high-altitude low-multiple cycles. In the mid-line position, keep watching and do less, be cautious in chasing orders, and wait for the opportunity to enter the market after the key points are in place.
Gold operation strategy: short gold rebounds near 3318-3325, target 3305-3295.
Trade active
The short positions of gold at 3344 on Tuesday and the long positions above 3280 on Wednesday today were closed together. We have mentioned many times that the price finally reached here and stabilized and rebounded. Because of the bullish risk of Trump's various attacks on Powell to boost the expectation of interest rate cuts, the profits of long and short positions at 3344 and 3280 are already very satisfactory. Today, relying on the technical side, the short-term price is severely oversold. The rebound bulls will recover 3300 and recover 3310, which is in line with expectations. Yesterday, I did not go short, but today I chased short. The profit obviously shows that the long profit is obviously better. Today's short is not so stable for me. There is also the impact of the Fed's monetary policy and the 4-hour technical RSI50 level. There is no obvious flattening and stabilization. There may be room for bulls. The target is the 3320-3330 area. The bulls cannot reach the expected 3330 in terms of strength. At most, it is 3325. There are still 3295-3285 brothers below. The long positions should be closed and exited. Don't be greedy.The market will still be dominated by short positions in the future, and we are optimistic about the downward shock. The entry point is still the key. At present, do not regard the rebound as a reversal. Don't tell me that I feel the trend has reversed. Pay attention to the short-term long-short watershed at 3320 at the pressure point, and focus on the pressure on the upper edge of the trend line at 3330. The support zone near 3280 below is very dense in the short term. If it breaks down again, we must see the 3260-3250 level. Except for the 3318-25 level, I will not enter short orders at other positions. I will wait for the impending market situation to enter short orders and continue to go short.
Trade closed: target reached
As shown in the trading plan, the gold trend slowly rose to the line below 3325 and was blocked. The technical suppression was obvious, and the short strategy was accurately triggered. It has entered the stage of profit release. The overall operation rhythm is highly consistent with expectations. The strategy is forward-looking and well-executed. The logic of steady trading is verified again. This is the confidence of early layout, and it is also the reason why we are already reaping profits while you are still hesitating. Opportunities never wait for anyone. If the rhythm is right, profit is only a matter of time.
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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.