Gold is under pressure at a high level today, stabilizing and hovering at the 3511 level, and fluctuating at a high level. In terms of the daily chart, although it is currently in a negative line pattern, in the continuous rising market, a single negative line is more of a technical repair for the bulls, not a sign of a short reversal. The bullish trend has not changed due to this single negative line retracement. From the support level, we need to pay attention to the short-term support of 3515-3500 below, and pay more attention to the 3500 line, which is the last line of defense for the bulls. On the whole, gold should consider shorting at high levels first and going long at low levels as a supplement. Pay attention to the 3555-3565 resistance area on the top and the 3515-3500 support area on the bottom.
Gold strategy: short gold when it rebounds around 3555-3565, with the target at 3530-3520.
Gold strategy: short gold when it rebounds around 3555-3565, with the target at 3530-3520.
Trade active
Gold's performance perfectly aligned with the trading plan, gradually rising until it encountered resistance near 3556. Technical pressure was evident, and the short-selling strategy was precisely triggered. The market has now successfully entered a period of profit-taking. The overall performance is highly consistent with expectations, further demonstrating the importance of proactive strategies and rigorous execution. Consistent trading relies less on momentary fluctuations and more on confident planning and a keen understanding of market dynamics. Often, while you're still hesitating, we've already acted decisively according to plan, continuously accumulating advantages as we realize profits. The market is full of opportunities, but profits often only favor those with a plan and discipline. With the right timing, profitability is only a matter of time. This is the greatest value of adhering to strategy and adhering to risk control.Trade closed: target reached
In this market, the fairest factor is the market itself. All investors face exactly the same market conditions. However, facing the same market fluctuations, everyone's choices are completely different: when the market continues to surge like waves, some people keenly seize opportunities, strike decisively after being fully prepared, and ultimately realize profits; while others retreat out of fear and are unprepared, and are caught off guard by the market impact. The market gives everyone equal opportunities, and the key lies in how to grasp them.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!
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://https://Grouphttps://t.me/TP_Daniel1
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I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://https://Grouphttps://t.me/TP_Daniel1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.