Yesterday, the technical side of gold rose first and then fell. The overall gold price continued to rise strongly in the Asian and European sessions, and finally fell back in the U.S. session and fell into repeated fluctuations, and finally closed near 3628. The daily K-line closed at a high and then fell back and fluctuated in the middle. Yesterday, I kept notifying everyone that the technical side needed to retrace and not to be overly bullish on gold. Now everything is perfectly in line with expectations. Friends who follow me can see it. Today we continue to treat it with the idea of going long on retracements. After all, I believe that the trend has not reversed, and going long on retracements is still the general trend. Today, we will first focus on the short-term support at 3620-3610 below, and continue to go long if it retraces and does not break. If you encounter troubles in your current gold operations and want to make your investment journey more stable and avoid detours, please feel free to communicate with us at any time!
From the 4-hour level, today's short-term support for gold will focus on the 3620-3610 area, and the 3600 mark is the core dividing line between the strength of the bulls. If it retraces and stabilizes above this position during the day, the overall bullish thinking will remain unchanged. The main tone is still to go long on the retracement. At the daily level, as long as gold stabilizes above 3600, the low-long thinking will be sustainable. As for the counter-trend short positions, specific reminders will be given according to the pressure on the market at high levels. Brothers just need to pay attention to the bottom in time.
Gold operation strategy: Go long on gold when it retraces to around 3620-3610, target 3650-3660, and continue to hold if it breaks through.
From the 4-hour level, today's short-term support for gold will focus on the 3620-3610 area, and the 3600 mark is the core dividing line between the strength of the bulls. If it retraces and stabilizes above this position during the day, the overall bullish thinking will remain unchanged. The main tone is still to go long on the retracement. At the daily level, as long as gold stabilizes above 3600, the low-long thinking will be sustainable. As for the counter-trend short positions, specific reminders will be given according to the pressure on the market at high levels. Brothers just need to pay attention to the bottom in time.
Gold operation strategy: Go long on gold when it retraces to around 3620-3610, target 3650-3660, and continue to hold if it breaks through.
Trade active
As predicted in the trading plan, gold fell to around 3620 before quickly rebounding, accurately triggering the long position strategy and successfully entering a profitable phase. Market trends are highly consistent with our predictions, and the trend remains clear, validating our accurate grasp of market rhythm. Trading isn't a game of emotions, but rather a reflection of logic and discipline. The market always belongs to those who plan ahead, not gamblers chasing ups and downs. With the current clear market rhythm, conservative traders are advised to gradually reduce their positions and lock in profits, ensuring they keep their gains. Only by adhering to planned trading and controlling emotional fluctuations can one truly maintain an invincible position in the market.Trade closed: target reached
In this market, the fairest factor is the market itself. All investors face exactly the same market conditions. However, facing the same market fluctuations, everyone's choices are completely different: when the market continues to surge like waves, some people keenly seize opportunities, strike decisively after being fully prepared, and ultimately realize profits; while others retreat out of fear and are unprepared, and are caught off guard by the market impact. The market gives everyone equal opportunities, and the key lies in how to grasp them.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://https://Grouphttps://t.me/TP_Daniel1
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.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://https://Grouphttps://t.me/TP_Daniel1
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.