CFDs on Gold (US$ / OZ)
Updated

Excellent, successful prediction, precise timing.

169

Gold's opening price movement was consistent with our prediction, reaching a high of 4055. We successfully placed short orders at this level. In range-bound markets, good entry points generally yield profits of ten or more points. A good day starts with a profit. We continue to focus on the short-term resistance level of 4050-60. During the Asian session, we maintained a strategy of buying on rallies within this range. The key focus remains on the strength of the European session. If the European session is strong, consider going long on pullbacks before the US session; if the European session is weak, buy short on rallies before the US session. On the downside, we first watch the support level around 4000 and the previous low of 3990. Currently, the price is moving in a sideways-downward pattern. A break below support could target 3975. Even in the face of a breakout, there's no need to panic; our strategy will be flexible and adaptable to actual market conditions.

I focus solely on short-term trading and clear market analysis. In short-term trading, there is no such thing as a 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 trading this week went very smoothly, with accurate predictions of support and resistance levels. Actions speak louder than words; I sincerely hope everyone can check my posts, including historical suggestions, to verify the accuracy of my statements and understand my operations. There may be a delay in article updates, so please join our channel so we can work together to flexibly and steadily pursue greater profits in the ever-changing market!

The market is always right. Going against the market will ultimately be punished. Don't have any wishful thinking in the face of trends; the market won't forgive your mistakes repeatedly. The simplest approach is to follow the trend. Currently, the bears still have the upper hand in gold trading; any rallies are simply opportunities to short again. Traders are not perpetual bulls or bears; they always adapt to market changes! Traders must have their own risk management system! Risk control and money management are essential in your trading!
Trade active
Today's key focus for gold in the European and American sessions is the 4000 psychological level, a focal point of contention between bulls and bears. Above 4000, a rebound is still possible, but a break below the previous low of 3990 would indicate extreme weakness, with a high probability of falling to 3982 or even lower. Gold wasn't particularly strong in the Asian session, fluctuating within our predicted range. During the European session, it touched a low of around 3998 before quickly rebounding, demonstrating the strength of our 4000 support level. Our trading today has been quite successful, with those who followed our advice profiting significantly. Now, we'll observe the European session's movement and adjust our US session strategy accordingly. Currently, 4042-52 remains the initial shorting entry point. Our strategy will be continuously updated; there will be plenty of buying opportunities in the European and American sessions.
Trade closed: target reached
Great, guys! Our short gold positions bought in increments from 4042-52 are currently showing significant profits at 3032. Everyone should monitor their positions and sell if they are profitable. This order will not be notified again. There will be many more buying opportunities later in the US session. If you need to recover significant losses or obtain accurate trading signals, please contact me!

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