Gold traded within a range

2 days ago

In the short term, gold remains range-bound. It's not advisable to chase higher prices before a valid breakout. The recommended strategy is to buy on dips. Consider entering long positions near 4195. If the price breaks through the 4230 resistance level, add to long positions, targeting the 4245-4255 area. This area represents a resistance zone formed by connecting the previous downtrend highs; a break above this level would signal the start of a daily-level rebound in gold.

In the short term, the market will likely continue to trade within a range; the strategy should be to buy on dips.

2 days ago

Trade active

Trading requires attention to many things, and it takes time to accumulate experience. Never assume you've mastered trading techniques just because you've made a profit in a short period of luck; many people suffer significant losses because of this. Maintain a constant learning attitude; this will make your profits more stable. If you're feeling lost, you can trade with me.