Gold prices retreated from around 4044-46 during the day, hitting a low of 3988 in the morning. Currently, it's oscillating within the 4000-4126 range. Today is the weekly and monthly close, potentially triggering a significant price movement. From a trend perspective, short-term gains remain limited. A further dip to 4000 is possible amidst the consolidation. A break below 3986/3960 could lead to a move towards 3920-3900. The recommended strategy is to sell on rallies, but be aware of the risks.
US Session Trading Strategy:
Sell near 40120-25, stop loss at 4035, target 4000-3990, continue to look for further downside if the price breaks through.
US Session Trading Strategy:
Sell near 40120-25, stop loss at 4035, target 4000-3990, continue to look for further downside if the price breaks through.
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The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
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