Go long on gold in the 4185-4205 range after the market opens!

6 days ago

Last week, the gold market performed steadily overall, with prices rising steadily and limited intraday pullbacks, avoiding significant volatility and creating a favorable market environment for traders. In terms of trading strategy, we maintained a long position strategy for several trading days from opening to closing, aligning our overall approach with market trends. Our previous prediction that Friday's closing price would break through $4200 has indeed materialized. It's worth noting that we still have long positions established at the $4050 level in our account. Readers who have not followed this viewpoint can refer to historical analysis records to understand the complete logical context.

From a technical perspective, gold is gradually regaining its strength, with prices effectively recovering previous losses and continuing to approach previous highs. On the weekly chart, prices have stabilized above major moving averages, and the daily and hourly charts also show positive signals. Based on the current trend, the trading strategy after the market opens will still focus on going long. I plan to build positions in batches within the 4185 to 4205 range. This area has strong technical support and the risks are relatively controllable.

The above are personal analyses and opinions, for reference only. For investors who have not yet developed a clear trading system or lack independent market analysis capabilities, we welcome exchanges and discussions to jointly improve our professional skills. If significant changes occur in the market, relevant adjustments will be promptly announced through this channel.

5 days ago

Trade active

After opening, gold prices showed strong upward momentum, matching pre-opening predictions. Long positions perfectly capitalized on this upward trend.