Gold Spot / U.S. Dollar
Long
Updated

How to accurately capture golden trading opportunities?

239
Bullish trend is still the main trend of gold at present. After rising to 3368 at the opening today, it fell under pressure and fluctuated. Technically, it has tested the pressure level and needs to be adjusted. The overall high-level carrying capacity has also declined, so it is not advisable to chase the rise too much. In terms of operation, it is recommended to wait for the price to stabilize before buying more. Judging from the current gold trend, the upper short-term resistance is in the 3380-3385 area, and the key pressure is at the 3395-3400 line; the lower short-term support is in the 3365-3355 area, and the key support is in the 3350-3345 range. The overall suggestion is to arrange long orders on dips around the support area, and try to maintain a stable wait-and-see attitude in the middle position. I will prompt the specific operation strategy at the bottom, please pay attention in time.

Gold Trading Strategy: Buy in batches as gold retreats to the 3365-3350 area, targeting the 3380-3385 area. If this resistance zone is broken, hold and look for upward movement.
Trade active
The value of investing lies not in profit margins but in minimizing risk. Every trade carries risk. Control your greed when you're right and manage losses when you're wrong. An investor without risk management awareness will ultimately fail. There's no infallible trading strategy, but a trader who doesn't set stop-loss orders will never recover from a single mistake. Profits are built upon accumulation, and trading is a comprehensive system. If your success rate exceeds 50%, all accumulated losses are eliminated. Those who don't consider the overall situation are incapable of focusing on specific areas. Therefore, as a trader, we need to develop a comprehensive and systematic trading plan, rather than focusing on the gains and losses of individual markets. Most losses come from single, gamble-like trades, which demonstrates that trading is a form of gambling. The key to trading lies in distinguishing this from gambling and controlling our emotions. When facing the market, our only recourse is rationality.
Trade closed: target reached
Today's gold market trend fully aligned with our previous forecasts, maintaining an overall volatile pattern with a clear technical structure and a distinct rhythm of fluctuations. We adhered to flexible strategies around key trading points. Using a two-way trading strategy, we simultaneously capitalized on long and short positions during swing trading, effectively improving our overall trading success rate. In practice, we pre-positioned long positions around the 3353 area this morning. Leveraging key short-term support, gold rallied upward as expected, successfully reaching our target. Subsequently, signs of pressure appeared around the 3380-3385 area. We quickly shifted our strategy and decisively entered a short position, steadily capturing the pullback and achieving a precise intraday double-edged advantage, resulting in efficient profits. This operation once again validated the trading principles of planning before trading and prioritizing adaptability over prediction. We consistently prioritize risk control and structure, avoiding emotional decision-making. Maintaining clear logic and execution in complex and volatile markets is key to achieving stable returns.

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.