10.20 Gold breaks out of volatility and accelerates its rise

4 days ago

The 4260 level can be considered a short-term watershed, primarily because last week's upward movement peaked at 4380. The initial decline occurred at this level, and after rebounding below 4380, the price fell again, breaking below this level and reaching below 4200. However, this trend has not been sustained, and the price has risen again after breaking through this level in the US market. Therefore, in terms of future trading strategy, I personally believe that gold prices will continue to rise, and I recommend waiting for a pullback before continuing to invest in bullish long positions.

In short, 4260 is considered a watershed between bulls and bears, and also a protective level for our future strategies. The recommended entry point is around 4300, with an eye on resistance at the previous high of 4330!

4 days ago

Trade active

Your profits come from other people's losses. That is, when someone makes a mistake, the market creates opportunities for profit. However, you can't calculate or predict how many people will make mistakes next, or how big they will be, nor can you guarantee that you'll always be on the right side. So, in trading, the only thing you can do is to make your own mistakes as short as possible. Join my team and I'll guide you through the correct trading strategies.

4 days ago

Trade closed: target reached

Gold has broken through the 30 resistance level.

Short-term trading strategy: If gold pulls back to the 20 level, consider a short-term long position.

BUY: 4320, STOP: 4312, TARGET: 4360, TRAILING STOP: 300 pips