Gold Breaks Upwards: Did You Make the Right Trading Choice?

2 days ago

Geopolitical safe-haven demand supported gold's rise in the latter half of the US session, with the probability of a Fed rate cut increasing to 80%. This double boost propelled gold bulls back into the market, establishing upward support. Gold has effectively broken through and stabilized above 4100. On the daily chart, gold has broken out of its previous narrow trading range. Based on the current trend, there may be some room for short-term correction. Pay attention to this short-term adjustment and consider buying in batches around 4100-1010.

Market conditions change rapidly. We never blindly bullish or bearish. In short-term trading, there is no market that goes up or down forever, only the right entry point at any given moment. Find the rhythm and follow the trend. This is the essence of trading. Gold has broken upwards, so our strategy is to buy on dips. Gold is currently building momentum, and we'll see if it can break through the key resistance level of 4150. If gold continues to break upwards, further upside potential will open up, and gold bulls may push towards the strong resistance level of 4170-80.

Today, you must seize every opportunity to buy on dips. If you're struggling to execute trades precisely, try my method: start with a small position to test the market, then add to your position during pullbacks. This way, you won't miss any opportunities. If you don't yet have a gold trading plan or strategy and are seeking consistent and stable returns, feel free to contact me. Let's work together to flexibly and steadily pursue greater profits in the ever-changing market!

yesterday

Trade active

Hooray, brothers! We bought long positions at the 4110 support level and are currently making a profit. Those who followed our trades should pay attention to their position sizes. If you need specific information or signals, please contact me. Let's work together to flexibly and steadily pursue greater profits in this ever-changing market!

yesterday

Trade closed: target reached

Gold prices retreated after encountering short-term resistance in the 415-4160 area. Today's price movement was relatively small, fluctuating primarily within the 4110-4160 range, indicating a consolidation trend. However, the battle between bulls and bears was intense. Our long and short positions were very successful today, and those who followed our advice profited significantly. Going forward, we recommend buying in batches on pullbacks to the 4105-4115 range. There is also data release during the US session; we await news to help gold break out of its current range.