Beautiful! Breakout as expected, violent surge, strategy update

3 hours ago

Gold easily broke through resistance, violently surging, with a large bullish candle breaking through the 4150 resistance level, ending the recent sideways consolidation. The price reached a high of approximately 4210. As mentioned before, technical analysis is insignificant in the face of news. While it quickly broke above $4200, its upward momentum may be fragile. Don't rush to chase the highs; buying on dips remains our core strategy. Once the market digests the news and emotional buying cools down, gold may quickly erase its recent gains. In the short term, gold prices may first pull back, retesting the bottom area formed by the breakout at 4150-60. If this area holds, we may see a new round of upward attempts, targeting 4220 or even higher.

In the previous trading day, we repeatedly emphasized that after consolidation, we expected further upward movement, opening a new upward channel. The market performance was largely in line with expectations. As prices rose, support levels gradually moved higher. In the short term, watch for buying opportunities around 4150-60. Today, we made five trades, both long and short positions, all yielding substantial profits. You can review our past trading recommendations to verify their accuracy. Many friends don't understand why I went short when I previously pointed out the overall upward trend. We've always emphasized not chasing rallies before resistance levels are broken. Even in a bull market, prices don't rise indefinitely; they pull back to consolidate at resistance levels. In short-term trading, we only need to seize opportunities to profit. The likelihood of a significant drop is low; at most, there will be a pullback. The short-term strategy should focus on buying on dips.

I only focus on real trading and a clear rhythm. There are no perpetual bull or bear markets, only the right direction at the moment. Grasp the rhythm and follow the trend. This is the essence of trading. Currently, you must seize every opportunity to buy on pullbacks. If you can't execute trades precisely, try the method I teach: first test the market with a small position, then add to your position on pullbacks. This way, you won't miss any opportunities. If you're truly unsure when, where, and how to trade, then follow me and trade strictly according to my signals. This will make it easier for you to recover losses or double your profits!

2 hours ago

Trade active

Gold is currently consolidating at a high level around 4200. For short-term trading, there are opportunities for both long and short positions, depending on the correct entry point. There is resistance at 4200-4210. The overall trend is bullish, but a sharp rise could lead to a technical pullback. Short-term short positions should be managed carefully, and purchases should be made in batches.

1 hour ago

Trade closed: target reached

Hooray, brothers! Those who followed the trade and bought short around 4202 have already made substantial profits. The current low is around 4185. Considering the overall bullish trend, we can close our short positions for profit and look for lower entry points to buy long later. There may be a delay in the article's updates; those who need real-time trading signals can find the link. The trading updates are ongoing.