📊In early trading today, gold jumped short and opened high, then quickly fell back and washed up, and then rose strongly, showing an obvious bull pattern. This wave of market successfully got rid of some short-term follow-up funds, and then started a strong rise, indicating that market sentiment is still biased towards bulls.
📊At present, the overall trend of gold remains strong, with an intraday increase of 50$. The market volatility has intensified, further amplifying short-term trading opportunities. From a trend perspective, the current rising rhythm is gradually consistent with the previously predicted surge expectations. It is expected that there may still be a large fluctuation of 100$ per day this week, indicating that the short-term top is approaching. In this context, going long with the trend is still the main idea, but we need to be wary of the risk of falling back from highs, and it is not advisable to chase the rise excessively in the short term.
🔴Resistance level:
-First: 3128-3130
-Second: 3140
-Third: 3150
🟢Lower support level:
-First: 3108-3112
-Second: 3100-3102
-Third: 3097
✅Intraday trading strategy
🔰Gold Sell: 3127-3130, Stop loss: above 3140
Target: 3113-3105, if it breaks, look to 3100
🔰Gold Buy: 3100-3102, Stop loss: below 3090
Target: 3115-3125, if it breaks, look to 3150
✅Trading suggestions
🔸Follow the trend: The current market is still bullish, and long on pullback is the main, and short on rebound is supplementary. It is not suitable to trade against the trend.
🔸Focus on key points: If the European session fails to break through 3127-3130, this area may become a short-term high point, and short selling can be considered; if it falls back to the 3100-3102 area support is effective, a low-long layout can be made.
🔸Strict stop loss: Gold volatility intensifies, and stop loss must be strictly implemented to avoid the risks brought by drastic market fluctuations.
🔸Patiently wait for entry opportunities: The market sentiment is extreme in the short term. If you cannot follow the trend, waiting may be the best choice., and flexibly adjust trading strategies.
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
📊At present, the overall trend of gold remains strong, with an intraday increase of 50$. The market volatility has intensified, further amplifying short-term trading opportunities. From a trend perspective, the current rising rhythm is gradually consistent with the previously predicted surge expectations. It is expected that there may still be a large fluctuation of 100$ per day this week, indicating that the short-term top is approaching. In this context, going long with the trend is still the main idea, but we need to be wary of the risk of falling back from highs, and it is not advisable to chase the rise excessively in the short term.
🔴Resistance level:
-First: 3128-3130
-Second: 3140
-Third: 3150
🟢Lower support level:
-First: 3108-3112
-Second: 3100-3102
-Third: 3097
✅Intraday trading strategy
🔰Gold Sell: 3127-3130, Stop loss: above 3140
Target: 3113-3105, if it breaks, look to 3100
🔰Gold Buy: 3100-3102, Stop loss: below 3090
Target: 3115-3125, if it breaks, look to 3150
✅Trading suggestions
🔸Follow the trend: The current market is still bullish, and long on pullback is the main, and short on rebound is supplementary. It is not suitable to trade against the trend.
🔸Focus on key points: If the European session fails to break through 3127-3130, this area may become a short-term high point, and short selling can be considered; if it falls back to the 3100-3102 area support is effective, a low-long layout can be made.
🔸Strict stop loss: Gold volatility intensifies, and stop loss must be strictly implemented to avoid the risks brought by drastic market fluctuations.
🔸Patiently wait for entry opportunities: The market sentiment is extreme in the short term. If you cannot follow the trend, waiting may be the best choice., and flexibly adjust trading strategies.
🔹Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Stay tuned🤝
Trade active
🔥🔥🔥Perfect!!! As expected in the morning analysis, gold has strong support near 3100, and the bulls are still very strong. The long orders we have arranged near 3100-3102 have made a profit of more than ++200 pips👏👏👏
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.
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.