The situation between the US and Iran has taken several turns.

Jul 10

Gold has rebounded strongly after bottoming out, with signs of short-term bottoming gradually emerging and market sentiment beginning to recover. From a fundamental perspective, the US-Iran negotiations are still progressing, and safe-haven demand has not yet intensified further. The downward momentum of gold in the short term may gradually weaken, and the focus should be on the continuation of the rebound after bottoming out. From a technical perspective, the 1-hour chart maintains an upward oscillating structure, and the bullish momentum is gradually recovering. Under the current trend, it is not recommended to chase the highs and lows, but rather to patiently wait for a pullback confirmation before entering positions in line with the trend. In the short term, pay close attention to the 4105-4085 support area. If the price falls back and stabilizes, it is still possible to continue to look for opportunities to buy on dips. If the price breaks through and holds above 4150, the upward space on the 1-hour chart is expected to open up further, and the bullish momentum may be further released. Recent market volatility has been high, and we have always emphasized that the more complex the market, the more important it is to adhere to trading discipline, avoid blindly chasing orders, and patiently wait for the technical indicators to complete bottoming out or for new fundamental catalysts to emerge before participating in the trend. This is often easier to grasp the market rhythm than frequent trading.

Jul 10

Trade active

The market is constantly changing, and following the trend is the key. When a trend emerges, act on it; don't try to catch the bottom against the trend, or you'll suffer. Remember not to act impulsively in trading. The market punishes all those who defy it, so never hold onto losing positions. I believe many people have experienced this firsthand: the more you hold on, the more panicked you become, your unrealized losses keep growing, you can't eat or sleep well, and you miss many opportunities. If you also have these troubles, then why not follow my lead and see if it can bring you some clarity?

Jul 10

Trade closed: target reached

The final hurdle in trading is human nature. Many people possess extensive technical knowledge and even a decent trading system, yet they still struggle to achieve consistent profits. This is because they are trapped by the limitations 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 decision, 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 must act decisively without emotional fluctuations. Only in this way can one achieve truly stable profits.