Gold remains generally weak, with multiple rebounds showing signs of fatigue. The upward moving average continues to suppress prices, indicating that the bearish trend remains intact, and the short-term market outlook remains bearish. Trading strategies remain bearish today, with a key focus on the 3300-3315 area, a key short-term resistance zone. If the market rebounds before the US market opens and approaches this area, or if a clear topping signal appears near this range, consider entering a short position. Today will see the release of the non-farm payroll data, which may influence the market's trajectory. We recommend prioritizing short-term trading before the release, and reconsidering the market's direction based on market feedback after the release. Structurally, gold continues to exhibit a volatile downward trend, with lower highs and lower lows. Today's low is expected to be lower than yesterday's. Short-term short positions are focused on 3285-3280, with a break below this level potentially allowing for further declines. Please carefully time your entry, strictly implement risk management, and avoid emotional trading.
Trade active
Once you enter the market, you must have the courage to fight it. Cowardice will only set us back further. Only by forging ahead can you achieve what you want. Trading is a tortuous process, not a smooth one. I believe many people see too much beauty in the outside world, but 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 always remained true to my original intention: profits will only come if risks are well controlled. As long as we can seriously seize opportunities and adhere to the correct trading logic, we can quickly turn losses into profits. Without a sound system, one lucky break is a fluke, two lucky breaks are also a fluke, and ultimately, only losses will be faced!Trade closed: target reached
Investing is a long-term process, a journey of self-cultivation. You can't get rich quick without being impatient, and wealth doesn't come easily. If you want to be a hunter in the investment forest, you must be patient, otherwise you'll become the prey and be harvested! No amount of talk can compare to a single, tangible profit. Life is full of disappointments, and there's always a huge gap between imagination and reality. Perhaps a word from me can help you break through a problem that's been bothering you for a long time, perhaps a trading idea from me can help you avoid further losses, or perhaps a single attempt will lead you to the right investment direction.
I treat every partner with my best efforts. I do not promise huge profits, but only pursue replicable and stable profits. Many people are already on this path, and you can too.Free witness telegram group 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.
I treat every partner with my best efforts. I do not promise huge profits, but only pursue replicable and stable profits. Many people are already on this path, and you can too.Free witness telegram group 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.