✅Today's non-farm data was negative for gold across the board. The price quickly dropped from around 3350 to the key support level of 3311, and then bottomed out and rebounded. The psychological barrier of 3300 has not been broken, and the combination with 3311 forms the prototype of a double bottom, suggesting that the long-term bullish trend has not been broken. We entered the long position in the 3324 support area and successfully made a profit.
🔴Short-term support: 3324
🔴Core support: 3314-3318
🟢Short-term resistance: 3355-3360
🟢Breakthrough target: 3365-3370
✅Trading strategy:
🔰You can do long with a light position near 3324. If it falls back to 3314-3318, add positions in batches, stop loss at 3309, and reduce positions in the target range of 3355-3360:
🔰If it breaks through 3360, you can change the stop loss to break-even and exit the market at 3370
✅The current strategy is based on the 4-hour cycle rebound logic. If the Asian session fails to stand at 3335, you need to be alert to the effectiveness of the retracement to 3318 support. Real-time adjustments need to be combined with changes in liquidity during the US session.
✅If your recent trading results haven’t been ideal, feel free to reach out. I’d be happy to help you avoid common pitfalls and improve your performance.
🔴I will provide real-time strategy updates during market hours based on price action — stay tuned.
🔴Short-term support: 3324
🔴Core support: 3314-3318
🟢Short-term resistance: 3355-3360
🟢Breakthrough target: 3365-3370
✅Trading strategy:
🔰You can do long with a light position near 3324. If it falls back to 3314-3318, add positions in batches, stop loss at 3309, and reduce positions in the target range of 3355-3360:
🔰If it breaks through 3360, you can change the stop loss to break-even and exit the market at 3370
✅The current strategy is based on the 4-hour cycle rebound logic. If the Asian session fails to stand at 3335, you need to be alert to the effectiveness of the retracement to 3318 support. Real-time adjustments need to be combined with changes in liquidity during the US session.
✅If your recent trading results haven’t been ideal, feel free to reach out. I’d be happy to help you avoid common pitfalls and improve your performance.
🔴I will provide real-time strategy updates during market hours based on price action — stay tuned.
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.