Our trading team continuously placed short positions at the prices of US$3050, US$3044, and US$3030 yesterday, successfully grasping the downward trend; today, it decisively went long in the range of US$2994 to US$3004, and continued to make profits. This column is a serial analysis of gold trends. The team is deeply involved in the gold market. With clear trading ideas and accurate point judgments, it has established a profound accumulation in the field of gold investment. We sincerely welcome all investors to communicate and join us.
In the gold market, this round of price trends is significantly affected by tariff policies. After rising to $3168 on the tariff day, it quickly fell back. Under the continuous fierce selling pressure, the price fell rapidly and reached $2956, a key long-short attack and defense conversion point. After the rebound during the day, the rebound continued in the late trading today, and the current quotation is $3010. From the technical analysis of the 2-hour K-line chart, the price structure shows a strong feature. In the short term, the bullish momentum is expected to continue, and it is expected to rise further. According to the Fibonacci retracement theory, the upward target focuses on the 38.2% retracement level of the price range of $2956 to $3168, that is, $3036; from a medium-term perspective, below the 61.8% retracement level of $3086, the market still maintains a short-term dominant thinking, and the current short-term rebound is only regarded as a technical repair of the previous sharp decline.
Specifically, in terms of key points, short-term support is in the range of $3004 to $3000. Once this area is broken, the strong support level is at $2995; short-term resistance focuses on the $3016 to $3020 line, and the $3030 to $3036 range constitutes a strong resistance zone.
In terms of trading operations, as mentioned above, we accurately arranged short positions yesterday, and successfully seized the opportunity of long positions today, and the trading strategy continues to be verified by the market. From the perspective of short-term trading, it is recommended to go long first, with the target price at $3036; from the perspective of mid-term layout, you can wait for the price to rebound to around $3036 before arranging a short position.
Detailed trading strategy:
Strategy 1: Sell at an opportunity near $3036, and set the stop loss at $3046 to effectively control risks. The target profit price is first set at US$3,000. If the price successfully falls below US$3,000, according to the actual market trend, you can choose to continue to hold short positions after the price breaks to further capture the potential profit space of the price falling to a lower support level.
Our team leader David has been engaged in the fields of gold, futures, and securities trading for a long time. He is now focusing on gold investment guidance, and has also conducted in-depth research on markets such as Usoil and BTC. In trading practice, David is good at using trend analysis methods to accurately grasp the market context, and has accumulated rich and mature experience in position management and risk control, and can provide investors with professional and efficient trading guidance and suggestions. We welcome all investors to communicate and interact with us, and work together to seize opportunities in the gold market and realize wealth appreciation.
XAUUSD GOLD XAUUSD
In the gold market, this round of price trends is significantly affected by tariff policies. After rising to $3168 on the tariff day, it quickly fell back. Under the continuous fierce selling pressure, the price fell rapidly and reached $2956, a key long-short attack and defense conversion point. After the rebound during the day, the rebound continued in the late trading today, and the current quotation is $3010. From the technical analysis of the 2-hour K-line chart, the price structure shows a strong feature. In the short term, the bullish momentum is expected to continue, and it is expected to rise further. According to the Fibonacci retracement theory, the upward target focuses on the 38.2% retracement level of the price range of $2956 to $3168, that is, $3036; from a medium-term perspective, below the 61.8% retracement level of $3086, the market still maintains a short-term dominant thinking, and the current short-term rebound is only regarded as a technical repair of the previous sharp decline.
Specifically, in terms of key points, short-term support is in the range of $3004 to $3000. Once this area is broken, the strong support level is at $2995; short-term resistance focuses on the $3016 to $3020 line, and the $3030 to $3036 range constitutes a strong resistance zone.
In terms of trading operations, as mentioned above, we accurately arranged short positions yesterday, and successfully seized the opportunity of long positions today, and the trading strategy continues to be verified by the market. From the perspective of short-term trading, it is recommended to go long first, with the target price at $3036; from the perspective of mid-term layout, you can wait for the price to rebound to around $3036 before arranging a short position.
Detailed trading strategy:
Strategy 1: Sell at an opportunity near $3036, and set the stop loss at $3046 to effectively control risks. The target profit price is first set at US$3,000. If the price successfully falls below US$3,000, according to the actual market trend, you can choose to continue to hold short positions after the price breaks to further capture the potential profit space of the price falling to a lower support level.
Our team leader David has been engaged in the fields of gold, futures, and securities trading for a long time. He is now focusing on gold investment guidance, and has also conducted in-depth research on markets such as Usoil and BTC. In trading practice, David is good at using trend analysis methods to accurately grasp the market context, and has accumulated rich and mature experience in position management and risk control, and can provide investors with professional and efficient trading guidance and suggestions. We welcome all investors to communicate and interact with us, and work together to seize opportunities in the gold market and realize wealth appreciation.
XAUUSD GOLD XAUUSD 
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
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.
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
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.