Gold continued to weaken under pressure at the 3047 mark in the Asian session last Friday. The European session broke through the 3030 mark and stabilized near 3021. The US session repeatedly fluctuated and suppressed below the 3037 mark, ushering in an accelerated downward decline and bottoming out. Finally, it pierced near 3000 before closing and rebounded and closed at 3023. The daily K-line closed with a suppressed and falling middle shadow. The overall gold price showed a suppressed and falling adjustment pattern below the 3057 mark. After the opening of the morning session today, gold did not fluctuate much. After rebounding to the 3026 line, it stepped back and adjusted. As long as the callback does not break the low point of last Friday, we will continue to look for more opportunities when it steps back.
From the current 4-hour analysis, today's upper short-term resistance is still focused on around 3030-35, and the lower short-term support is focused on around 3000-3005. The overall main tone of high-altitude low-multiple cycle participation remains unchanged based on this range. In the middle position, we should watch more and move less and be cautious in chasing orders, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Buy when gold falls back to 3000-3005, stop loss at 2995, target at 3025-3030, continue to hold if it breaks;
2. Go short if gold rebounds to 3035 but does not break, stop loss at 3042, target at 3005-10;
Trading is not easy. It requires meticulous thinking and rigorous operation. I hope you, who have had a bumpy road, can get out of the quagmire of losses as soon as possible and get on the right track of steady gains.
From the current 4-hour analysis, today's upper short-term resistance is still focused on around 3030-35, and the lower short-term support is focused on around 3000-3005. The overall main tone of high-altitude low-multiple cycle participation remains unchanged based on this range. In the middle position, we should watch more and move less and be cautious in chasing orders, and wait patiently for key points to enter the market.
Gold operation strategy:
1. Buy when gold falls back to 3000-3005, stop loss at 2995, target at 3025-3030, continue to hold if it breaks;
2. Go short if gold rebounds to 3035 but does not break, stop loss at 3042, target at 3005-10;
Trading is not easy. It requires meticulous thinking and rigorous operation. I hope you, who have had a bumpy road, can get out of the quagmire of losses as soon as possible and get on the right track of steady gains.
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.