Can Gold Reach 4265? US Session Strategy Update.

yesterday

Gold prices rebounded after a brief dip this trading day, consolidating at higher levels. Throughout the day, it remained firmly above the key support level of 4200, indicating a clear bullish bias. Our strategy of buying in batches between 4200 and 4210 was wise, yielding multiple profitable buy-low-sell-high trades. In the US session, positive initial jobless claims data further boosted gold. The key resistance level recently is 4260-65. Watch this level closely; a break and hold above it could lead to further gains towards 4280 or even 4300. The key is whether the US session can break the current stalemate.

Today, you must seize every opportunity to buy on dips. If you struggle with precise execution, try my method: 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 need to recover significant losses or obtain precise trading signals, you can...

True high-level trading isn't about sifting through massive amounts of information, but about extracting the essence, focusing on the most effective signals, repeatedly applying them, and continuously optimizing them. The simpler the strategy, the more stable the results. The more focused the execution, the more profitable you'll be in the face of market volatility. Our stable returns are the best proof.

21 hours ago

Trade active

Gold's price movement is in line with predictions, successfully breaking through the key resistance level of 4265. Currently, the resistance level has moved up to 4285-4300, with support at 4240-50. The recommended strategy is to buy on dips. We will update our analysis based on the specific price action later. The market is constantly changing; following the trend is key. Act when the trend is in; don't try to catch the bottom against the trend, as this will only lead to painful losses. Remember, never act impulsively in trading, and never hold onto losing positions. Many traders who have held onto losing positions know the struggle: the longer you hold, the more panicked you become, the larger the unrealized losses become, and you miss many opportunities. If you also have these concerns, why not try following our guidance and see if it brings you clarity?

18 hours ago

Trade closed: target reached

This week, we've consistently emphasized that gold would rise after the interest rate cut, and gold indeed broke through to new highs in the US session as expected. The short-term bullish momentum is stronger, with strong upward momentum on the 4-hour chart. After breaking through, gold has been consolidating around 4260, indicating further upside potential. Gold is poised to climb even higher. While we are bullish on Friday, please avoid chasing the price higher and pay attention to the resistance level of 4290-4300.

Gold's previous resistance zone of 4255-65 has now formed a support level, and we can consider buying in batches at this level during the Asian session.