Gold is trading within a range; precise entry points are crucial

yesterday

There are specific strategies for trading in range-bound markets. Our recent trading based on support and resistance levels has been quite successful, with four trades today, including both long and short positions. Congratulations to those who profited by following our advice! However, please remember that advice is time-sensitive; the market is constantly changing, and trading methods need to be adjusted accordingly. Gold is currently maintaining a high-level range-bound consolidation on the daily chart, with intense competition between bulls and bears. Uncontrollable factors such as data releases and news are needed to break this stalemate. Please pay close attention to managing your positions appropriately. Again, we primarily focus on short-term trading; avoid holding losing positions. Short-term trading offers plenty of buying opportunities; our focus is on overall profit.

Gold is maintaining a high-level consolidation trend in the short term. Clearly, the current price is facing resistance around the 4350 area. Gold prices rose after dovish comments from Federal Reserve officials in the US session, briefly touching around 4350 before pulling back. Gold is currently maintaining a high-level range-bound consolidation on the daily chart. Short-term focus is on shorting opportunities around 4345-55, with a tendency towards continued sideways movement in the short term. Only a break and hold above this level can lead to new highs. Long positions should be taken in batches around 4300-10, with strong support around 4280-90.

I focus solely on short-term trading and clear market analysis. In short-term trading, there is no perpetually rising or falling market, only the correct entry point at any given moment. Find the rhythm and follow the trend. This is the essence of trading. Our stable returns are the best proof. If you need to recover significant losses or obtain precise trading signals, please contact me. Let's work together to flexibly and steadily pursue greater profits in the ever-changing market!

18 hours ago

Trade active

Our view that the resistance zone around 4345 would bring selling pressure and cause gold prices to fall during the US session has been validated. This week, gold prices have fluctuated between $4353 and $4270, making our strategy of selling high and buying low very effective.

There are two important news items in the market today. First, the European Central Bank's interest rate decision, and second, the US November CPI data. These two news items will have a significant impact on the US dollar, gold, and silver, and we need to pay close attention. Overall, gold is currently in a highly volatile range, and today's CPI data will be a crucial event; whether it can break the current stalemate and challenge new highs remains to be seen.

From a technical perspective, the 1-hour chart for gold is also in a highly volatile range, with the fluctuation range continuing to narrow. The tug-of-war between bulls and bears has entered its final stage, and we need to be wary of a price breakout from the range. Currently, gold prices are at historical highs; if we want to go long, we need to wait for a pullback and buy at a lower price. Below, we are watching the support zone of $4285-95. Long positions can be entered in batches between $4305 and $15. If the gold price fails to break through $4350 effectively, it may face downward pressure at any time. Therefore, in the short term, the aforementioned resistance zone is between $4340 and $4350. It is worth noting that the gold price has touched the $4350 level three times, and before breaking through this level, the price will experience a period of fluctuation.

14 hours ago

Trade closed: target reached

Gold fluctuated between 4320 and 4350 in Asian trading. Please be patient; the market is currently in a range-bound trading pattern. While gold maintains a strong upward trend, be aware of the potential for a correction, as the resistance level above 4350 is a historical resistance level. The market currently lacks effective catalysts, resulting in a lack of sustained upward or downward momentum in gold. We await US data to break the deadlock. The timing of a gold correction would be opportune, and a directional move could occur at any time. Then, follow the trend. Right now, we are waiting for confirmation. No amount of talk can compare to a single, achievable profit, or my ability to help you overcome long-standing problems. Perhaps some of my trading views can help you find the right investment direction. If you need to recover significant losses or obtain precise trading signals, please contact me.