The current price shows a sign of hesitation after experiencing a sharp rise. The bulls hit a high of 3384 twice and then pulled back. The high point and yesterday's high point formed a double top suppression. Two attempts to test Monday's high of 3392 failed, indicating that the bullish momentum has weakened. The short-term high-altitude strategy for gold is mainly used. Pay attention to the key support of 3340-3345 below. If it is effectively broken, it may fall to the 3325 trend line conversion support level below. In terms of operation, it is recommended to rely on the double top pressure of 3384-3392 to arrange short orders at highs. Market volatility may intensify before the release of non-agricultural data.
Gold operation suggestions: short gold near 3384-3392, target 3370-3360.
Gold operation suggestions: short gold near 3384-3392, target 3370-3360.
Trade active
The current market is fluctuating around 3400. Short orders are held steadily, and the stop loss is strictly set at 3405. Risk management is strict, and the safety of funds is firmly protected. The short-term upward momentum is limited, and the market may usher in a correction. Wait for the correction to release more cashing space, and do not blindly chase highs.If the market hits the stop loss of 3405, short orders will decisively stop loss and exit. Risk control is the key to winning the transaction. Protecting the principal is always the first priority. Market fluctuations are normal. We stay calm, continue to observe, flexibly adjust strategies, and look for better entry opportunities.
Steady trading, precise execution, win in risk management and patient persistence! 💪
Trade closed: target reached
The market fell back as expected, and short orders entered the profitable range. The strategy was firmly implemented, stop loss was strictly controlled, the rhythm was in place, and the risk was controllable and steady profits were harvested. Congratulations to the brothers who followed for making good profits. The market correction brought valuable profit opportunities, which is the best reward for patience and trading discipline. Next, we will continue to closely observe market dynamics, flexibly adjust, and strive to capture more opportunities.
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.
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.