The Fed's June resolution kept interest rates unchanged, but Powell's remarks (expected to slow down the pace of future rate cuts) suppressed gold prices, causing gold prices to fall from around $3,396 to $3,362; the rebound of the US dollar index put short-term pressure on gold, but gold rebounded slightly when the US dollar pulled back; the conflict between Iran and Israel continued to ferment, and the safe-haven demand partially supported the gold price, limiting the decline. After several days of volatility, gold opened slightly higher today and then fell sharply to $3,347.56 per ounce, breaking the unilateral decline in the volatile trend. The 4-hour moving average is in a short position, the Bollinger band is narrowing, and the gold price is running near the lower Bollinger band. Therefore, today's operation is to rebound and short.
Operational suggestions: Arrange short positions in batches in the 3370-3385 range, follow the trend, and control risks. Target 3350-3340.
Operational suggestions: Arrange short positions in batches in the 3370-3385 range, follow the trend, and control risks. Target 3350-3340.
Trade active
Trading doesn't have to be complicated, but it must be extremely clear. Every entry, exit, stop loss, increase in position, and short position must have a clear reason and record. We don't pursue perfection, but only pursue long-term survival in the market. Risk control is always the first principle. No matter how much money you make, if you can't avoid risks, it will eventually return to zero. Many people put profits in front of them and hang risks on the wall, and as a result, they forget their original intentions. Please remember that individuals are vulnerable in front of the market. If you don't understand risk management, it's like a lone boat sailing in the wind and waves, which may capsize at any time. The essence of trading has never been huge profits, but steady survival.Trade closed: target reached
As expected in the trading plan, gold fell back as expected after encountering resistance at 3380, accurately triggering the short position strategy. It has now successfully entered the profit stage, and the short position is still being held, waiting for further expansion of profit space. The trend is highly consistent with the prediction, and the trend continuation is clear, which once again verifies our precise control of the market rhythm.Behind every steady landing is the coordination of planning first and rhythm execution. If you don’t have your own trading framework, then come together and grasp the market that truly belongs to you.
This wave of profits is still flying, brothers continue to hold steady and wait for my notice! Continue to pay attention to changes in the market structure. If the rhythm is clear, we will continue to advance, seek victory in stability, and opportunities will always belong to those with strong execution.
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://Grouphttps://t.me/TP_Daniel1
Related publications
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://Grouphttps://t.me/TP_Daniel1
Related publications
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.