The gold adjustment cycle is not over yet.It’s time to short!

7 days ago

While the overall news is bullish for gold, the recent decline is primarily driven by large-scale profit-taking and a technical correction, the magnitude of which has significantly exceeded expectations. London gold is currently at a critical turning point. Tuesday's sharp drop has significantly weakened the short-term trend, but the bullish engulfing pattern formed on the 4-hour chart after Wednesday's rebound also indicates that buying pressure remains strong below the 3980 level.

Overall, gold prices are likely to fluctuate and consolidate in the short-term range between 4150 and 4160, awaiting new directional catalysts. The market lacks trend momentum in the short term, with bulls and bears repeatedly trading within this key range, and the volatile pattern is expected to persist.

From a technical perspective, the overall market is still in a correction cycle, with weak short-term momentum. The recommended trading strategy is to short at rebound highs, with a focus on resistance in the 4150-4160 area. If the rebound fails to break through, shorting at high levels can be attempted. Focus on support below the 4000 and 3980 levels; a break below this could open up further downside potential.

In the current highly volatile market, it is recommended that traders strictly control their positions and set stop-loss orders, and avoid blindly chasing rising and falling prices. Opportunities belong to those who execute with planning and patience. Prudence and discipline are always the core of trading.

7 days ago

Trade active

The last hurdle in trading is human nature. Many people have mastered a lot of technical knowledge and even have a good trading system, but they are still unable to make stable profits. The reason is that they are trapped by the one-sidedness of the system and ignore the underlying logic and deeper influencing factors. Trading is not just a technical issue, but also a cognitive issue. Truly mature traders must know what they are buying and selling every time without any ambiguity. They must carefully analyze the current market trends and judge whether they are in line with their own profit model. If they are in line with it, they will execute it. If not, they will wait patiently. The key to trading is not how to seize every opportunity, but how to control their own hearts and steady their hands. When the opportunity truly belongs to them, they must act decisively without any emotional fluctuations. Only in this way can they achieve truly stable profits.

7 days ago

Trade closed: target reached

Congratulations to friends who have been paying attention for reaping considerable profits by shorting on the rebound. The same market, different guidance, and different life. The biggest common misunderstanding of novices is that they do not understand technology and enter the market blindly. They always think that as long as they predict the direction correctly, they can make a profit, but they ignore the most core position and rhythm. Operations that focus on direction and ignore position often lead to traders' failure. In fact, the momentum and direction of following the trend are not the same. The direction of the market often fluctuates repeatedly, while the trend is a higher-dimensional global structure. What I can do is to help control the position reasonably, use key support and resistance to make reasonable layouts, so that each layout is reasonable and traceable. You should not enter the market blindly. Being responsible for the account is a compulsory course for mature traders. If you are not sure about the market, you are welcome to communicate. Friends continue to execute according to the trading plan, pay attention to the rebound strength and resistance performance, and be bold to go short when encountering resistance. Bring a protective stop loss, advance steadily, and continue to win!

If you do not have the ability to respond flexibly to the market in trading, nor are you good at adjusting your trading thinking and rhythm in time with the market rhythm, you can pay attention to the bottom notifications for more specific operation details and strategy updates. Let us pursue more profits flexibly and stably in the unpredictable market!