Today's opening is expected to rise and then fall, and the key node is the upper resistance near 4275-4285. Today's opening rose to a high near 4273 and then fell back, and fell to a low near 4219. It is relatively correct in terms of thinking and judgment. Unfortunately, the rise and fall at the opening is just a matter of a moment. Unless a limit order is set, it is really a bit difficult to do it. But after all, the trend and our judgment are correct. The gold price closed with a Yin-wrapped Yang rebound and peaked last Friday, and it showed weakness at the opening today. For the short-term future market, there is a certain expectation of volatility or a decline. The upper side will pay attention to whether it can recover the losses on Friday and turn stronger. Otherwise, it will tend to adjust to the support near the 10-day moving average or the middle track line and then strengthen again.
Judging from the current trend structure, the 4200-4190 area has become the key support level in the near term. As long as the price holds this level, the upward structure will remain intact. The primary pressure above is in the 4275-4285 area. Breaking through here will lay the foundation for gold prices to retest the previous high of 4380, and then open up space to explore the 4500 mark. From the one-hour level, the short-term market has entered a high-level oscillation. The upper resistance is the opening rebound near 4275-4285, which is currently the key point of pressure for bullish rises. The lower position looks at the strong support in the 4180 area. Gold retreated from its high last Friday, although the overall decline exceeded $200. That is because the current gold price base is large. After rising continuously by $1,000, even if it adjusts by more than $300, I think it is within a reasonable range, which does not affect the overall upward trend of gold. It does not mean the end of the bull market. For today's operation, it is recommended to maintain the idea of buying on pullbacks. In the short term, focus on the gold price pulling back to the short-term support area of 4230-4220. If it stabilizes and does not break, you can consider arranging buying opportunities in advance. If it breaks down strongly, wait for the 4205-4190 area to arrange low-level long orders. Counter-trend short orders are only recommended as a short-term auxiliary strategy, and need to be handled with caution and light positions. On the whole, today's gold operation strategy remains to focus on buying on pullbacks, supplemented by shorting on rebounds from high levels, follow the trend, and focus on grasping the rhythm of high and low levels in the trend. The short-term focus on the upper side is the 4275-4285 line of resistance, and the short-term focus on the lower side is the 4230-4220 line of short-term support, with a focus on the strong support in the 4205-4190 area. Brothers must keep up with the rhythm. You must control your positions and risks, and never blindly resist orders.
Judging from the current trend structure, the 4200-4190 area has become the key support level in the near term. As long as the price holds this level, the upward structure will remain intact. The primary pressure above is in the 4275-4285 area. Breaking through here will lay the foundation for gold prices to retest the previous high of 4380, and then open up space to explore the 4500 mark. From the one-hour level, the short-term market has entered a high-level oscillation. The upper resistance is the opening rebound near 4275-4285, which is currently the key point of pressure for bullish rises. The lower position looks at the strong support in the 4180 area. Gold retreated from its high last Friday, although the overall decline exceeded $200. That is because the current gold price base is large. After rising continuously by $1,000, even if it adjusts by more than $300, I think it is within a reasonable range, which does not affect the overall upward trend of gold. It does not mean the end of the bull market. For today's operation, it is recommended to maintain the idea of buying on pullbacks. In the short term, focus on the gold price pulling back to the short-term support area of 4230-4220. If it stabilizes and does not break, you can consider arranging buying opportunities in advance. If it breaks down strongly, wait for the 4205-4190 area to arrange low-level long orders. Counter-trend short orders are only recommended as a short-term auxiliary strategy, and need to be handled with caution and light positions. On the whole, today's gold operation strategy remains to focus on buying on pullbacks, supplemented by shorting on rebounds from high levels, follow the trend, and focus on grasping the rhythm of high and low levels in the trend. The short-term focus on the upper side is the 4275-4285 line of resistance, and the short-term focus on the lower side is the 4230-4220 line of short-term support, with a focus on the strong support in the 4205-4190 area. Brothers must keep up with the rhythm. You must control your positions and risks, and never blindly resist orders.
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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.Trade closed: target reached
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I will give my all to every friend who follows me. Trust is rewarded with real results. I don't exaggerate my promises and only pursue steady and sustainable returns. Many people have already done it, and you can too. t.me/TP_Daniel666
Related publications
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.