What is the purpose of this back-and-forth market manipulation?

4 days ago

#XAUUSD XAUUSD GOLD

Gold prices have broken through short-term resistance due to news, and the hourly and 4-hour charts show prices above the middle Bollinger Bands. Therefore, we need to adjust our strategies accordingly. However, the market is currently fluctuating rapidly, and entering the market rashly in the short term still carries significant risks. Therefore, the wise choice is to wait and see, and enter the market only after the market stabilizes. In the short term, the upside resistance level to watch remains at 4030. If gold breaks through this level strongly during the US session, the price may test 4050. The initial support level to watch is 3980-3960. If the price retraces but does not break through this level, consider taking small long positions in gold in batches, with a target of 4010-4030. Temporary adversity is the best test for traders; setbacks only make us stronger. Success belongs to the confident, opportunity belongs to the pioneers, and miracles belong to the persistent! 💪💪💪

4 days ago

Trade active

Building long positions in batches has yielded excellent results, but the key to real profits lies in overcoming fear and greed, two bad habits that often make people hesitant to enter or exit the market when faced with huge fluctuations. When you are no longer disturbed by these two emotions, you are already ahead of most people in the market.

3 days ago

Trade closed: target reached

Gold prices fluctuated throughout the day, with repeated price swings, leaving many traders unsure how to proceed. From a fundamental perspective, gold has been slowly trending upwards since rebounding from the support level of 3960. Gold prices are currently consolidating near the daily MA5 moving average, struggling to break through the upper resistance level. A pullback is expected tonight to build momentum for a retest of the upper resistance zone. You might consider taking a small long position in gold when it retraces to the 3985-3975 range. The key resistance level to watch is 4015-4030. If gold prices can break through this resistance tonight, they will then test the 4050-4080 resistance range. Conversely, if it fails to break through, gold will likely continue to fluctuate.