Short positions fall as expected, long opportunities reappearToday, gold maintained high and fluctuated repeatedly after opening, but the upper side has not been effectively broken through. After repeated pressure, the resistance signal was confirmed. We arranged short orders near 3445. The market fell back as expected and accurately hit the target position. The trend was highly consistent with the prediction, which once again confirmed the trading concept of "planning before the market, execution before emotion".
From the current trend structure, gold is still in a bullish trend as a whole, and short-term adjustments are normal. The support below focuses on the 3420-3415 area, which is the first defense position for short-term retracement; and the more critical bullish defense line is still at the 3405-3400 line. If this area stabilizes, it is still our core layout area for low-multiples with the trend.
The daily structure is still intact, and the long arrangement of the moving average system has not been destroyed. Short-term fluctuations do not affect the overall bullish logic. Therefore, the operation is still based on retracement and main longs, and following the trend is the kingly way. Short orders can only be participated in the short term, and stop when you reach the point, and do not hold against the trend. I will remind you of the specific operation strategy at the bottom, and pay attention to it in time. The key next is to pay attention to the stabilization signals below and wait for the market to provide new opportunities for momentum release.
If you still lack direction in gold trading, you might as well try to follow my pace. The strategy is open and transparent, and the execution logic is clear and definite, which may bring new breakthroughs to your trading. The real value does not rely on verbal promises, but is verified by the market and time. 🌐
