10.17 Gold Short-Term Operation Technical Guide!!!

3 days ago

Recently, as the expectation of the Federal Reserve's interest rate cut has become more and more intense, and there is an expectation of an increase, the loose atmosphere, coupled with the expectation of inflation and the impact of the economic and trade turmoil, gold has once again become the darling of the market. Every day, it witnesses new highs in history, and the trend has become more and more crazy. There is no top in sight, and it is also impossible to say when a dive will come. Today, the Asian session hit a high near 4378 and then fell back quickly to touch around 4278, a range of US$100, and then quickly rebounded to above 4370 again. Subsequently, the European session jumped back and forth. Today, Friday, we need to be wary of the possible profit-taking trend in the market. In terms of operation, the rebound depends on shorting at 4360/70, and pay attention to the gains and losses of 4300. If it falls below 4300, we will see adjustments. Otherwise, we will continue to see bullish fluctuations if it falls back.

3 days ago

Trade active

Gold Short-Term Trading Strategy:

Short gold on a rebound near 4352/55, defend at 4364, target near 4330/4310. Buy on a pullback near 4308/10, defend at 4300, target above 4330/40. Place a short position if it breaks through 4300, defend at 4310, and take profit at 4260!

3 days ago

Trade closed: target reached

As we analyzed, gold broke through 4200 again. We decisively chose to open a short position. Currently, we have made a profit of 60 points. Once again, we have made a large profit.