Yesterday, gold showed obvious weakness on the technical side. It fell rapidly after opening, broke through the 3380 mark and showed a narrow range of fluctuations. The decline continued in the European session, further testing the 3360 mark, and the weakening trend was obvious. In the U.S. session, it was under pressure and fell back to break the bottom, forming a medium-sized negative line. The overall gold price showed a unilateral short rhythm. Today, focus on the important support position of 3340-3330. If it falls back and does not break, you can consider short-term long positions, but the overall trend is still dominated by rebound shorting.
The upper resistance on the 4-hour chart is concentrated in the 3365-3380 area. The intraday rebound will continue to short in this range. The main tone remains unchanged. It is recommended to follow the trend and participate in the operation. I will prompt the specific operation strategy at the bottom, so stay tuned.
The gold operation strategy is as follows: short sell when it rebounds to 3365-3380 area, with the target at 3350-3345; if it falls back to 3340-3330 area and stabilizes without breaking, consider going long, with the target at 3355-3360.
The upper resistance on the 4-hour chart is concentrated in the 3365-3380 area. The intraday rebound will continue to short in this range. The main tone remains unchanged. It is recommended to follow the trend and participate in the operation. I will prompt the specific operation strategy at the bottom, so stay tuned.
The gold operation strategy is as follows: short sell when it rebounds to 3365-3380 area, with the target at 3350-3345; if it falls back to 3340-3330 area and stabilizes without breaking, consider going long, with the target at 3355-3360.
Trade active
Once you enter the market, you must have the courage to fight it. Cowardice will only set us back further; only by moving forward courageously can we achieve what we desire. Trading is a tortuous journey, not a smooth one. I believe many people see the beauty of the outside world, only to wonder why the risks are always so high? It's because they don't see the reality clearly! We can't change market risks, but we can control them. Since entering this market, I have remained true to my original aspirations. Profits can only be achieved by controlling risks, but as long as we can seize opportunities diligently and adhere to the correct trading logic, we can quickly turn losses into profits. Without a sound system, one lucky break is a lucky break, and two lucky breaks are also lucky breaks, and ultimately, only losses await us!Trade closed: target reached
The first principle of investment is to avoid risks. If you cannot avoid risks, no matter how much money you make, it will all be lost one day. Everyone has his own way to succeed, and investment transactions must also have their own principles. Small gains add up to big gains, and small losses make big gains are the basis of trading. However, many people have forgotten their original intentions, and put profits in front of them and hang risks on the wall. Many people do not know that individuals are very vulnerable and very small in this market. If they do not know how to avoid risks, they are like a small boat sailing on the sea, which may be overturned by wind and waves at any time.
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://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://https://Grouphttps://t.me/TP_Daniel1
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.