Recent Gold Market Dynamics, Analysis, and Strategies!

6 days ago

Gold rebounded yesterday, finding support around the 5-day moving average, but as expected, it encountered resistance near 4230 and retreated to around 4195. Influenced by the anticipated ADP non-farm payroll data, the price rebounded again to around 4241, but subsequently retreated back to around 4195. The daily chart ultimately closed with a bearish doji candlestick with an upper shadow. Reviewing yesterday's price action, although there was a rebound, it failed to break Tuesday's high, indicating market apprehension about Tuesday's bearish candlestick. Even the positive ADP data only pushed the high to around 4241, suggesting a weakening of bullish momentum. A technical correction is possible in the short term. Based on the daily chart structure, the key support level to watch today is the 10-day moving average around 4170, while the resistance level to watch remains around 4230-4240. Based on the hourly chart, gold may trade sideways today. There is short-term trendline resistance above, which coincides with the upper limit of the range around 4230-4240. Therefore, the 4230-4240 area can be considered a key resistance level today. On the downside, pay attention to the short-term support area around 4180-4170. If the intraday structure shifts downward, there is still a possibility of going back to around 4150.

In terms of trading strategy, gold is expected to remain range-bound today, maintaining a strategy of buying low and selling high within the 4240-4170 range. Avoid overly extended directional expectations; first observe the range, then look for a breakout. Watch for resistance around 4230-4240; a rebound failing to break this level would be a good entry point for short-term short positions. On the downside, watch for support around 4180-4170; a pullback and stabilization would present an opportunity to buy on dips.

6 days ago

Trade active

Trading is actually not complicated. As long as you truly love this market, it will reward you. I don't pursue exaggerated words or exaggerate emotions. I only focus on real trading and a clear rhythm. There is no such thing as an eternal bull or bear market, only the right direction in the present moment. Find the rhythm and follow the trend. This is the essence of trading.

If you lack the ability to flexibly adapt to the market and are not good at adjusting your trading mindset and rhythm in a timely manner, you can pay attention to bottom notifications for more specific operational details and strategy updates. Let's work together to flexibly and steadily pursue more profits in the unpredictable market!

6 days ago

Trade closed: target reached

The final hurdle in trading is human nature. Many people possess extensive technical knowledge and even a sound trading philosophy, yet they consistently fail to achieve stable profits. This is because they are trapped by the one-sidedness of their systems, neglecting the underlying logic and deeper influencing factors. Trading is not merely a technical issue but also a cognitive one. Truly mature traders must be clear-headed and decisive in every buy and sell, carefully analyzing current market trends to determine if they align with their profit model. If they do, they execute; if not, they patiently wait. The key to trading is not seizing every opportunity but controlling one's emotions and steadying one's actions. When a true opportunity arises, one should act decisively without emotional fluctuations. Only in this way can one achieve truly stable profits.