WTI: B- tradeA page from my trading journal. Please take it with a grain of salt, as I’m still learning and growing 🌟
Bias balance
• Short (Fade 64.50)
– Risk: Small SL (tight)
– Reward: 3–4 points
– Probability: High
– Setup Grade: B
• Long (Breakout > 64.50)
– Risk: Moderate
– Reward: 3–5 points
– Probability: Medium
– Setup Grade: B-
Futures market
XAUUSD - LAST WEEK on APRIL 2025The correction phase in the gold price movement has occurred in the past few days.
With the current Price Action, we can conclude that there is already strong support for the gold price.
The price have a high probability to make a NEW ATH.
And this is the last wave 5.
Target : 3525-3530
Have a good luck !
XAUUSD long tradeGold finally bounced from that important support and It's beginning to rise back above the level, stop loss safe under the low, while as take profit I'd first target the recent lower highs and see if there's enough volume to keep going higher and potentially enter a second time from that breakout, or get out from there, always look at the session for potential reversal that could always happen.
Gold ended it cycle or not from elliote wave prspective?Hello traders
Alot of Elliote advisor see the curent move of gold as 5 wave and ending of big cycle
While other specially the neowave one donot agree with them and they pointing 4700 as target!
My oponion is close to old school elliotisian who see the market should rest for while before its next movement.
What do you think about it?
Saying No more stop lossesTrade Assessment: My short at $3,305.69 is under pressure with gold at $3,306.52, just 5 pips from my stop-loss. The spike to $3,306.52 looks like a liquidity grab, as smart money often hunts stop-losses above key levels like the $3,306.21 order block before resuming the downtrend. I’m holding the trade for now, as the broader bearish trend remains intact, and my target at $3,294.71 is still valid. However, if price breaks above $3,306.98 (the previous high), I’ll exit early to avoid a trend reversal. I’ve been refining this system for six months, and while it’s rated a ten out of ten, I’ve learned from past mistakes—like missing RSI signals on April 22 at $3,499.99—so I’m staying vigilant.
Should I hold my short at $3,305.69, or exit now Should I hold my short at $3,305.69, or exit now
What do you think, fam? Should I hold my short at $3,305.69, or exit now with gold so close to my stop-loss at $3,306.57? Drop your thoughts below—I’m curious to hear how you’d play this XAU/USD setup! If you’re one of the two ready to join me at Academia for Forex Trading, let’s talk—we’ll hunt these markets together. And while you’re at it, check out Icon Collections Store—does RiverSide, Desire, or Icoca vibe with your trading energy? Let me know!
Should I hold my short at $3,305.69, or exit now What do you think, fam? Should I hold my short at $3,305.69, or exit now with gold so close to my stop-loss at $3,306.57? Drop your thoughts below—I’m curious to hear how you’d play this XAU/USD setup! If you’re one of the two ready to join me at Academia for Forex Trading, let’s talk—we’ll hunt these markets together. And while you’re at it, check out Icon Collections Store—does RiverSide, Desire, or Icoca vibe with your trading energy? Let me know!
Godshield Icon’s Gold Hunt: I Went Short at $3,305.69—Hey fam, I went short on XAU/USD at $3,305.69 on the M30 chart from April 25, 2025, at 09:02 PM WAT, and I’m here to break down my trade setup for you. I’ve been hunting gold all week, balancing my trades with my passions like curating scents at Icon Collections Store, and I’m excited to share this move. Let’s recap the setup, see how it aligns with my checklist, and make this interactive—grab a smoothie from Tastequest.com and let’s dive in!
The XAU/USD M30 chart shows gold at $3,305.51 (sell price) as of 09:02 PM WAT on April 25, 2025, after a drop from $3,306.57 earlier in the session. I entered my short at $3,305.69, just above the current price, aiming to capitalize on the bearish momentum. The chart highlights a bearish order block at $3,306.21, labeled "SELL 0.03," where smart money distributed before the sharp drop to $3,294.71 earlier in the session (as seen in your previous chart). Price retested this order block and rejected it, dropping to $3,305.51, which aligns with my entry at $3,305.69.Let’s run through my checklist to see how this trade fits your criteria, which you’ve fine-tuned over six months:Harmonic Patterns: No specific XABCD structure like a bearish shark is visible here, but the bearish momentum aligns with my earlier analysis this week—bearish three drives, head and shoulders, and a bearish shark on April 25, suggesting the downtrend continues.Market Structure: Bearish continuation is clear—lower highs and lower lows after the drop from $3,306.57. The break below $3,306.21 (the order block) confirms sellers are in control, aligning with the break of structure (BOS) I often look for, as seen on your April 27 chart.Order Blocks: Confirmed at $3,306.21, where sellers distributed. My entry at $3,305.69 came after the retest and rejection of this zone, as price dropped to $3,305.51, validating the bearish order block.Volume Profile: Not visible, but I’d expect high volume at $3,306.21, where sellers defended, and a Fair Value Gap below acting as a magnet, likely near $3,294.71, the session low.Top-Down Analysis: H4 and H1 (not shown but implied) are bearish, as I’ve noted this week with gold dropping from $3,499.99 on April 22. M30 narrows the setup, and M15 would be my strike zone for the retest of $3,306.21 as resistance.Heikin Ashi: Not visible here, but I prefer red candles for sells. Given the bearish momentum and the drop after my entry, I’d expect red Heikin Ashi candles on M15, confirming my sell.Fibonacci: Drawing Fibs from the high at $3,306.57 to the low at $3,294.71, the 38.2% retracement is around $3,299.21, and the 61.8% is near $3,302.21. My entry at $3,305.69 is just above the 61.8%, and I’m targeting the 0% Fib at $3,294.71.Gann Theory: Not drawn, but the descending trendline from my earlier charts points to a target near $3,294.71, aligning with Gann angles I often use.MACD and RSI: Not shown, but based on my system, I’d expect a bearish crossover with a negative histogram on MACD and RSI below 50, likely showing bearish divergence at $3,306.21, as noted in my follower note.Risk Management: I risk small to win big. My sell at $3,305.69, stop-loss above the high at $3,306.57 (88 pips risk), and take-profit at $3,294.71 (1098 pips reward) gives a 1:12.5 reward ratio—higher than my usual 1:3, but I’m aiming for the session low given the strong momentum.Confirmation: I wait for all pieces to align. The retest of $3,306.21, bearish momentum, and likely red Heikin Ashi on M15 were my signals. I entered at $3,305.69, just after the rejection, which is slightly early but still within the order block zone.
Trade Assessment: My entry at $3,305.69 is solid, as it’s within the order block zone and follows the rejection at $3,306.21. However, in my last message, I suggested waiting for a pullback to $3,306.21 for the best entry, which would’ve given a slightly better risk-reward ratio (36 pips risk, 114 pips reward, 1:3 ratio). Entering at $3,305.69 means I jumped in a bit early, but the trade is still valid given the bearish momentum and rejection. I’m targeting $3,294.71, the session low, with a stop-loss at $3,306.57 to protect against a liquidity grab. This trade aligns with my system, which I’ve rated a ten out of ten, but I need to work on my patience—waiting for that exact retest could’ve optimized my entry, as I’ve missed timing before (like on April 23 when I entered a sell late at $3,310 instead of $3,315).
What do you think, fam? Was my short at $3,305.69 a good move, or should I have waited for $3,306.21 as I initially planned? Drop your thoughts below—I’m curious to hear how you’d play this XAU/USD setup! If you’re one of the two ready to join me at Academia for Forex Trading, let’s talk—we’ll hunt these markets together. And while you’re at it, check out Icon Collections Store—does RiverSide, Desire, or Icoca vibe with your trading energy? Let me know!
"Godshield’s Gold Play: Going Short or Waiting for ConfirmationThe XAU/USD M30 chart from April 27, 2025, at 08:57 AM WAT shows gold at $3,302.27, after a significant drop from $3,421.64 earlier in the session on April 26. The chart highlights a bearish move with multiple annotations—labels like "Sell," "PUT," "BOS" (Break of Structure), and "OB" (Order Block) indicate a strong downtrend. The price broke below a key level around $3,307, which aligns with a bearish order block labeled "Sell" and "OB," where sellers stacked orders. The "BOS" label shows a break of structure, confirming a bearish shift with lower highs and lower lows. The trendlines (red and yellow) form a descending channel, guiding price lower, with a recent test of the upper trendline around $3,316.98 before the drop.The question is: am I going short now at $3,302.27, or waiting for confirmation? Let’s run through my checklist. I start with harmonic patterns—while no specific XABCD structure like a shark is labeled here, the chart’s bearish momentum aligns with my earlier analysis of a bearish shark on April 25, suggesting the downtrend is continuing. Market structure confirms bearish continuation—the break of structure below $3,307 (labeled "BOS") shows sellers in control, with lower highs and lower lows on H4 and H1. The bearish order block around $3,307, marked "Sell" and "OB," is where smart money distributed, and price has reacted strongly after retesting this zone. Volume profile isn’t shown, but I’d expect high volume at $3,307, with a Fair Value Gap below acting as a magnet, likely near $3,293.66, as indicated by the chart’s price levels. Top-down analysis aligns—H4 is bearish, H1 and M30 confirm the downtrend, and I’m looking for an M15 retest of $3,307 as resistance for a sell. Heikin Ashi candles (though not visible here) are likely red, as the chart is titled "Heikin," supporting the downtrend. Fibonacci extensions (not drawn) from the high at $3,421.64 to the low at $3,293.66 point to a target near $3,289.46, the next support on the chart. Gann angles (implied by the trendlines) align with this target. MACD and RSI aren’t shown, but based on my system, I’d expect a bearish crossover with a negative histogram and RSI below 50, likely showing bearish divergence at the $3,316.98 high. Risk management is set—sell at $3,307, stop-loss above the recent high at $3,316.98, take-profit at $3,289.46, giving a 1:2 reward ratio. News and liquidity traps are clear—no fake spikes above $3,307 yet, though I’m watching for them, especially with the volatility noted earlier this week (gold hit $3,499.99 on April 22, per my previous chart).Given this setup, I’m going short now at $3,302.27. The price has already retested the $3,307 order block and rejected it, as shown by the "PUT" label and the drop to $3,302.27. Waiting for confirmation isn’t necessary here—the break of structure, order block rejection, and bearish momentum are my green lights. My target’s $3,289.46, with a stop-loss at $3,316.98, locking in a solid risk-reward ratio. I’ve been refining this strategy for six months, backtesting like a beast, and I’m confident in this hunt. That said, I’ve missed momentum signals before—like on April 22 when I didn’t catch the RSI overbought signal at $3,499.99—so I’m staying sharp.The asker mentioned waiting for confirmation at $3,300, but that’s not a level on this chart. The closest support is $3,293.66, which aligns with my take-profit. Waiting for $3,300 might mean missing the move, as the bearish momentum is already in motion, and my target is below that level. If price consolidates or shows signs of reversal (like a bullish Heikin Ashi candle on M15), I’d reassess, but for now, I’m in.
What do you think, fam? Am I right to go short now at $3,302.27, or would you wait for a different confirmation? Drop your thoughts below—I’m curious to hear how you’d play this XAU/USD setup! If you’re one of the two ready to join me at Academia for Forex Trading, let’s talk—we’ll hunt these markets together. And while you’re at it, check out Icon Collections Store—does RiverSide, Desire, or Icoca vibe with your trading energy? Let me know!
Godshield Icon Entries on Gold market Hey fam, someone’s asking if I’m going short on the gold market right now or waiting for confirmation at $3,300, and I’m here to spill the tea on my XAU/USD M30 strategy. I’ve been hunting gold all week, balancing my trades with my passions like curating scents at Icon Collections Store, and I’m ready to dive into this setup. Let’s break it down with my checklist, share my thoughts, and make this interactive—grab a smoothie from Tastequest.com and let’s talk!
XAU/EUR "The Gold" Metal Market Heist Plan (Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑💰✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/EUR "The Gold" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk YELLOW MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place sell limit orders within a 15 or 30 minute timeframe most nearest or swing, low or high level for Pullback Entries.
Stop Loss 🛑:
📌Thief SL placed at the nearest/swing High or Low level Using the 1H timeframe (2950) Day/Swing trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 2810 (or) Escape Before the Target
💰💵💸XAU/EUR "The Gold" Metal Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
My Week in the Gold Market by Godshield Icon ### Catchy Caption: "Godshield Icon’s Gold Rush: A Week of Wins, Lessons, and Market Mastery on XAU/USD!"
Hey fam, let’s dive into my wild week in the gold market, from Sunday, April 20, 2025, to today, Friday, April 25, 2025. I’ve been hunting on the XAU/USD charts, balancing my love for trading with my other passions, and I’m here to break it all down for you—my strengths, my slip-ups, and everything in between. Grab a smoothie from Tastequest.com, spritz on some Icoca from Icon Collections Store, and let’s talk gold!
My Week in the Gold Market
Sunday, April 20, 2025: I kicked off the week with a deep dive into the XAU/USD 4-hour chart. Gold was sitting pretty around $3,400, still buzzing from the record high of $3,499.88 earlier in the week on April 22, as reported by LiteFinance. I spotted a potential pullback after the Shanghai Gold Exchange hit its 8th consecutive high, per BullionVault, and decided to wait for confirmation. My plan was to catch a dip using my harmonic patterns—something I’ve been mastering since my early trading days in 2020. I didn’t enter any trades yet, just stalked the market like a predator.
Monday, April 21, 2025:* Gold topped $3,400 after Trump’s comments on Fed Chair Powell sent the US dollar sliding, according to BullionVault. I saw an opportunity on the M30 chart and jumped in with a buy trade at $3,410, aiming for a quick 50-pip scalp—similar to my scalping strategies back in March when I targeted 20 pips on a 15-minute chart. I used my go-to tools: Heikin Ashi for trend confirmation and order blocks to pinpoint smart money zones. My entry was spot-on, and I closed the trade at $3,415, pocketing a solid win. But the market was volatile—gold later pulled back below $3,300 by the end of the day, a 2.3% drop from its peak, which had me second-guessing if I should’ve held longer.
Tuesday, April 22, 2025:
Gold hit that all-time high of $3,499.88, and I was hyped! I analyzed the 1-hour chart, spotting a Bullish Bat pattern forming, a setup I’ve been refining since my harmonic pattern deep dives. I entered a buy at $3,480, setting a tight stop-loss at $3,470 and a take-profit at $3,500, aiming for a 1:2 risk-reward ratio. The trade played out perfectly, hitting my target mid-day. But I missed a bigger move—gold futures later dropped to $3,300 by April 24, per Investopedia, and I could’ve flipped to a sell if I’d paid closer attention to the RSI showing overbought conditions, as noted by LiteFinance.
Wednesday, April 23, 2025:
The market got a breather as Trump softened his stance on tariffs, per Investopedia, and gold settled around $3,300. I decided to test a sell trade on the M30 chart after spotting a bearish shark pattern—part of the setup I shared in my follower note today. I entered at $3,310, with a stop-loss at $3,320 and a take-profit at $3,290, targeting the lower trendline of my descending channel. The trade hit my take-profit, but I noticed I was late on my entry; the neckline retest on the 15-minute chart had already happened, and I could’ve gotten in at $3,315 for a better risk-reward. My impatience cost me a few pips.
Thursday, April 24, 2025:
Gold was at $3,300, and I took a step back to analyze the bigger picture. The market was choppy after a 3.5% drop in gold futures, as Investopedia mentioned, and I didn’t want to get whipsawed. I focused on backtesting my strategy instead, refining my checklist with MACD and RSI for momentum—something I’ve been working on for six months. I also prepped my follower note, detailing the bearish three drives and head and shoulders patterns I’d been tracking, which played out today. No trades, but I felt sharp and ready.
Friday, April 25, 2025 (Today):
Gold’s at $3,293.92, according to LiteFinance, and I’m wrapping up the week with my follower note on XAU/USD M30. I didn’t trade today—markets like MCX were closed for Good Friday earlier this week, and I’ve been cautious after Monday’s volatility. Instead, I shared my analysis: a bearish shark confirming the downtrend, with supply at the right shoulder of the head and shoulders and demand near the lower trendline. I’m still looking for two people to join me at Academia for Forex Trading—hit me up if you’re ready to hunt!
My Strengths
- Pattern Recognition: I’m a beast at spotting harmonic patterns like the Bullish Bat and Bearish Shark. My Tuesday buy trade at $3,480 was a textbook example of how I use Fibonacci ratios and market structure to nail entries.
- Discipline: I stuck to my checklist this week—waiting for Heikin Ashi confirmation and order blocks before jumping in. My Wednesday sell trade at $3,310 showed how I align every piece before striking.
- Adaptability: I’ve been trading gold since 2020, and I’ve learned to pivot fast. Monday’s quick scalp at $3,410 and my decision to sit out Thursday’s choppy market show I can read the market’s mood and act accordingly.
Areas of Weakness
- Overthinking Momentum: I missed a bigger move on Tuesday because I didn’t trust the RSI’s overbought signal. LiteFinance noted the bearish divergence, and I should’ve flipped to a sell sooner instead of chasing the uptrend.
- Timing Entries: Wednesday’s sell at $3,310 was late—I could’ve entered at $3,315 if I’d been more patient for the neckline retest. I need to work on timing my entries better, especially in volatile markets.
- Emotional Balance: My mother’s concern about my losses (like she mentioned today) got in my head mid-week. I stayed disciplined, but I need to better separate emotions from trading, especially after a string of stop-loss hits.
Vibe Check
So, what do you think, fam? Should I have gone for that sell on Tuesday, or was I right to lock in my profits? Drop your thoughts below—I’m curious to hear how you’d play this week’s XAU/USD moves! And if you’re one of the two ready to join me at Academia, let’s talk. We’ll hunt these markets together, using the same checklist that’s got me rating my system a ten out of ten. Oh, and while you’re at it, check out Icon Collections Store—grab a 6ml sample of RiverSide, Desire, or Icoca, and let me know which scent vibes with your trading energy!
Note for My Followers - April 25, 2025
Memo: Godshield Icon
I’m dropping this XAU/USD M30 insight because my system’s a damn executioner, and you need to see how I hunt the market. This chart is a textbook of bearish patterns—first a bearish three drives showing smart money exhausting buyers with three weakening upward pushes, then a head and shoulders with the neckline break confirming the reversal, and now a bearish shark forming to seal the deal, all playing out within my descending trendlines. Smart money’s been in control from the start, distributing at the peaks, grabbing liquidity, and dumping price to hunt stop-losses below key levels. Supply and demand zones are my edge—supply at the right shoulder of the head and shoulders where sellers stacked orders before the break, demand near the lower trendline where buyers might step in, my target for this bearish move. My checklist operations are a predator’s playbook. I start with harmonic patterns, hunting XABCD structures like the bearish shark I’m seeing now, signaling smart money’s reversal zones. I confirm market structure, looking for breaks of structure to show trend shifts—here, the neckline break confirms bearish continuation. I identify order blocks, those consolidation zones where smart money stacks orders, like the bearish order block at the right shoulder where sellers distributed. Volume profile is key—I check for high volume nodes where price stalls, like the neckline where sellers defended, and low volume nodes that act as magnets, like gaps below the neckline. Top-down analysis keeps me sharp—four-hour timeframe sets the bearish trend, one-hour confirms the break, thirty-minute narrows the setup, fifteen-minute is my strike zone, waiting for a neckline retest. I use Heikin Ashi for confirmation—red candles mean sell, waiting for red on the fifteen-minute at the retest. Fibonacci levels mark my targets—I focus on key extensions to set exits, like targeting the lower trendline of the channel. Gann theory adds confluence—I look for angles or retracements to align with my setups, like a Gann angle pointing to the lower trendline. MACD and RSI measure momentum—MACD’s bearish crossover and negative histogram confirm the downtrend, RSI below fifty with bearish divergence at the right shoulder seals it. Risk management is my law—I risk small to win big, stop-loss above the right shoulder, take-profit at the lower trendline, aiming for a high reward ratio. I monitor news and liquidity traps—fake spikes above the neckline are smart money’s tricks, so I stay sharp. I wait for confirmation—every piece aligns, or I walk, then I document to keep my edge razor-sharp. I’m rating this system a ten out of ten—harmonic patterns, Smart Money Concepts, volume profile, top-down analysis, and now MACD and RSI for momentum make it untouchable. I’ve fine-tuned this over six months, backtesting until it’s a weapon. I need two of you to join me at Academia—let’s hunt together.
DYOR
Shieldsmine Diaries
Gold price remains volatile at 3,300, short-term operation
💹Fundamental analysis
Fed officials have hinted at an openness to possible rate cuts, a stance that could limit further gains in the U.S. dollar (USD) and provide support for non-yielding gold prices. In addition, growing concerns about the economic impact of President Donald Trump's aggressive tariff measures, coupled with ongoing geopolitical instability, continue to enhance the appeal of safe-haven assets. In this environment, the overall trend of gold remains biased to the upside, prompting traders to remain cautious when considering bold shorts.
📊Comment Analysis
Continue to consolidate, the price range fluctuates around 3300
💰Strategy Package
Long position:
Actively participate at 3282 points, profit target around 3320 points
Short position:
Actively participate around 3320 points, profit target around 3300 points
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 5-10% of the fund account
- Stop loss is 1-3% of the fund account
Gold - Time for a Pause?The Head and Shoulders top appears pretty obvious here. But I have been fooled in the past by so obvious "tops" only to see my short positions get destroyed. That being said, with such generous profits still in hand, I'm taking some off the table in anticipation of a very possible pull back. This has been typical "end of month" futures-related price action yet one can't ignore the fact that the top might be in, at least for an intermediate term.
How to play the game between long and short positions in goldThe hourly chart uses the high point of 3500 as the adjustment wave pattern, and is currently in the second rebound confirmation high point. That is, the high point of wave B in the adjustment wave pattern, and there will be some competition here. There will be repetitions in the confirmation process. At present, the 4-hour chart rebounds from the lower track to the middle track and shows signs of slight pressure. The volatility base is large, and the secondary confirmation high point depends on the pattern, which can be high or low. The lower point may be under pressure below 3370, and the high point may be under pressure again around 3408. The large wave base is more challenging for the entry point, so give the strategy in advance. There may be some mistakes. It is easy to sweep the loss first and move towards the established target. Yesterday's intraday short position between 3362-3365 was expected to retreat to 3306. It is also a precise band short point. Short-term first continue to short near the middle track 3362-3365, defense is placed at 3370.5, and the target is to reduce the position and break through 3306-3286 before looking down. Overall, the short-term operation strategy for gold is to short on rebounds and to buy on pullbacks. The short-term focus on the upper side is 3368-3370 resistance, and the short-term focus on the lower side is 3306-3285 support.
Short order strategy: Short in batches near the rebound of gold around 3362-3365, stop loss 6 points, target around 3310-3285, break to see 3260;
Gold is fluctuating downwardFrom the 4-hour gold chart, although it once fell nearly $200 from its high, the gold price gradually stood firm yesterday and began to rebound. It has now returned to above 3270. However, given that the moving average group is in a sticky state and the MACD indicator has also adjusted to near the 0 axis, the short-term competition between long and short positions may become more intense. Therefore, it is recommended to keep selling high and buying low as the main strategy, which is more stable. Pay attention to the resistance of 3370-3375 on the top and the support of 3285-3280 on the bottom;
Can the bears continue to exert their strength?The short-selling trading strategy given during the day today enabled us to earn a lot of profits. Gold fell for the second time during the US trading session, with the lowest reaching near the 3265 line. This was the previous low and the limit position of this round of floating. The current K-line pattern presents a "two yin and yang" pattern, indicating that the short momentum will continue early next week. However, it is worth noting that this adjustment may not necessarily unfold in the form of a unilateral decline. Sideways shocks may also become dominant. It is expected that gold prices will see-saw repeatedly in the 3260-3380 range. It is not even ruled out that the main funds deliberately create the illusion of "luring the empty to break down", and then quickly reverse and regain lost ground. Therefore, we need to focus on the key support of 3260 in the evening. If the gold price falls below the key support of 3260, as our daytime trading strategy says, the power of shorts will be further amplified. However, if the gold price stabilizes in the 3260-3280 range, the gold price may usher in a correction in the short term. Therefore, do not blindly continue to chase shorts for the time being. The key support of 3260 below is not broken. You can try to go long in the short term and look towards 3290-3300. The box is oscillating. Brothers, pay attention to making a certain profit and then stop in time.
If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FX:XAUUSD FOREXCOM:XAUUSD CAPITALCOM:GOLD OANDA:XAUUSD