Gold prices remain stable above the 3360 level, maintaining a strong consolidation. Previously, gold prices quickly retreated and stabilized at 3351, sparking a strong bullish rally, breaking through 3370 and reaching around 3386, continuing the bullish trend. We advise opening long positions between 3350 and 3360, and exiting upon reaching the target of 3375. If your current trading is not satisfactory, I hope I can help you avoid investment pitfalls. Welcome to discuss your trading strategy!
Today's Trading Strategy:
We need to follow the market and open long positions on pullbacks to the entry price.
Based on the 4-hour chart, short-term support is currently around 3360-63, with a focus on the 3350-55 support line. Rebounds to this level will continue to favor a bullish trend. The short-term bullish trend line is 3350. Until the daily chart breaks below this level, continue to buy on dips, primarily following the trend. I will provide detailed trading strategies during the trading session, so stay tuned.
Today's Trading Strategy:
We need to follow the market and open long positions on pullbacks to the entry price.
Based on the 4-hour chart, short-term support is currently around 3360-63, with a focus on the 3350-55 support line. Rebounds to this level will continue to favor a bullish trend. The short-term bullish trend line is 3350. Until the daily chart breaks below this level, continue to buy on dips, primarily following the trend. I will provide detailed trading strategies during the trading session, so stay tuned.
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I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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.
If you have questions about the direction of gold, crude oil, Bitcoin, and Ethereum, you can follow me.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
I share my trading ideas and strategies daily for your reference. Feel free to follow my updates.
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.