XAUUSDGOLDGC1! delivered today — two solid trades: first a long on the final wave of the ending diagonal, then a short on the reversal. How was your trading day?
XAUUSDGC1! Gold prices have risen, and buy positions from 3103-3093 are now in profit. You can choose to close your position to secure gains or hold on for further upside. The 3103-3093 range is likely to appear again, presenting another buying opportunity, with a potential upside target above 3110.
Gold is now near the support, but the shape is still not very good for the bulls. It is estimated that there is a high possibility that this support will be broken. On the contrary, if it can fall to around 3010, the probability of a rebound will be higher. Based on this, it is recommended to sell at 28-36.
The XAUUSD bought just below 3130 has now risen slightly by about $5/ounce. As I said just now. The trend is still in a strong bullish phase. If it does not break the low level, then continue to buy to get high profits.
The traders who follow have basically made some small profits. But don't rush to close the order. Because the market will continue to rise. The target this time is above 3145. So let's wait for the price above to come. If you haven't completed the buy order. It's not too late to trade now. Or you can come to my exclusive analysis circle to refer to more real-time trading opportunities.
XAUUSD is about to start a strong upward phase. The next target is 3145.
Recently, I have continued to go long, announced the trading plan in the analysis circle, and led the traders who followed me to successfully double their profits through exclusive signals.
The next stage of the trend is a stage of continued rise. If you are losing money or are not satisfied with the profit, then follow me. XAUUSDGOLDFGLD1!GO1!
If the price reaches the 3136-3148 range, there is no need to hesitate, just sell. This is the gold trading strategy for today provided to you before yesterday's closing. I wonder if any friends have grasped this profit?
After getting support near 3125, the price rebounded again. It is still in the rising stage. The resistance continues to focus on the vicinity of 3148.
Here is a reminder for everyone: During the trading process, the technical pattern of the 2H and above cycle level has a turning point. This is not a joke, so everyone must be cautious when chasing highs.
Even if there is news supporting the market now, news is something we cannot control. Once there is news of easing the situation, the risk aversion of gold will subside, and the decline will definitely not be small.
So while we follow the trend, we must also learn to think against the trend!
XAUUSDGC1!MGC1! The combination of fundamental influences and technical patterns led to a sharp surge in gold prices after the market opened yesterday. The upward momentum only slowed during the New York session, but prices remained above 3100. However, after this rally, the technical setup is not particularly favorable for bulls. That said, if fundamental factors continue to support the market, any technical pullback could provide another buying opportunity for bulls.
Key Considerations: 🔸 Besides technical factors, we need to monitor geopolitical tensions—if the situation eases, demand for gold as a safe haven could decrease. 🔸 If tensions escalate further, gold is likely to rise, making it unwise to blindly short the top. Instead, we should adjust our trading strategy based on market developments while using technical patterns for entry and exit points. 🔸 If a pullback occurs, support is seen around 3109. 🔸 If the price continues upward, given current market conditions, a single rally is unlikely to exceed $30, so the first resistance zone is estimated at 3136-3145.
Trading Strategy for Today: 📈 Buy in the 3111-3101 range 📉 Sell in the 3135-3145 range
Stay flexible, follow the market closely, and adjust strategies accordingly. Let me know if you need further insights!