CFDs on Gold (US$ / OZ)
Long
Updated

Great traders! I'm going long on gold!

70
The gold market opened slightly higher this week before retreating, with overall volatility remaining relatively mild and market sentiment trending towards caution. After the previous sustained upward trend was interrupted, gold prices entered a correction and adjustment phase. The $4,000 mark has become a key level for the battle between bulls and bears. Although the one-sided upward trend failed to continue, recent price performance suggests that downside potential has been significantly limited, with gold prices remaining above $4,000. In the absence of significant fundamental news, a range trading strategy is recommended, appropriately seizing opportunities in both long and short positions to optimize returns while managing risk.

Today's trading plan is as follows: Establish long positions in batches within the $4030-$4050 range. Adjustments will be made and notifications will be provided if significant market changes occur.

The above represents only my personal thoughts. If you find it helpful, please like and follow to show your support! Please note that any strategy is time-sensitive, and strategies will change as market conditions evolve. I will notify you in the channel based on the actual market situation!
Trade active
The bugle call of victory is sounding! The hourly chart shows that the bulls are launching a fierce attack on 4100 with a V-shaped reversal. 4100-4110 is a very important level. If it is successfully held, the bulls will continue to push upwards. If the
Trade closed: target reached
Gold prices have shown strong performance, breaking through last week's high and successfully holding above 4100-4110. This indicates that gold prices have returned to a strong position, so today's trading strategy should continue to focus on buying! The 4115-4135 range can be used as a reference area for entering long positions, with entries made in batches.

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