Gold: Trading like this today can lead to profits

On the road to success, whether you take big strides or make small progress every day, as long as you persist, every step counts, and every drop of sweat is not in vain. Please believe that as long as you keep moving forward steadfastly, your goals will get closer and closer to you.

Yesterday, gold was under pressure and oscillated within the range of 1809-1823, without breaking through the resistance of 1823-1825. In terms of trading, we completed three profit-taking transactions yesterday.

As of now, the market is still oscillating around 1814, very similar to yesterday. Additionally, today is Thursday and the non-farm payroll data will be released tomorrow. It is highly likely that the market will continue to fluctuate within this range today, waiting for the impact of the data. Therefore, today we will focus on the support level of 1804-1809 and the resistance range of 1821-1825.

Specific trading strategies:

Buy near 1808-1813, take profit at 1820-1823

Sell short near 1823-1828, take profit at 1814-1809

If the market breaks through the resistance level of 1825 today, the target will be around 1831. If it falls below 1804, the target will be around 1800-1796 and 1785.

I will continue to track market trends and share trading strategies in real time. Thank you for your attention and support. If you have any questions, please leave a message in the comments section. I will provide you with the most reliable solution with a sincere and responsible attitude to help you solve the problem!

Wishing you a pleasant day!

Trade active:

Gold is rising, watch for resistance around the 1820-1823 range

Comment:

The resistance around the 1820-1823 range is strong, long positions can take profits, and short positions can enter.

Comment:

There is support around 1814, short positions can take profits around 1815.

Trade active:

Gold fluctuates and rises as expected, pay attention to the resistance in the 1820-1823 range, and short if it does not break

Comment:

Gold's short-term uptrend has broken through 1823, turning resistance into support. Next, we will watch for resistance near 1831 and take a short position.