When gold prices rebounded to around 4095-4110, they encountered significant resistance. This price level is likely a key technical resistance area. It could be the starting point of the previous price decline (i.e., the previous high), an important psychological level, the upper Bollinger Band on the daily chart, or a significant Fibonacci retracement level, such as the 38.2% or 50% retracement level. Near this price level, selling pressure will significantly increase. From a candlestick pattern perspective, this could manifest as a bearish engulfing pattern, an evening star pattern, or consecutive upper shadows, all indicating that the upward momentum is gradually weakening. Therefore, placing short orders in batches around 4090-4110 is advisable, anticipating a pullback after the price encounters resistance and then tests the lower support levels.
The 4030-4020 area forms a strong support level within the current trading range. This level may be a low point platform formed by previous pullbacks, the lower Bollinger Band on the daily chart, or the location of the upward trend line. When the price pulls back to 4030-4020, it will attract bullish funds to enter the market to buy on the dip, while short sellers will also choose to take profits, thus forming buying support. From an indicator perspective, if the price touches the 4030-4020 area, the Relative Strength Index (RSI) may enter the oversold zone (e.g., below 30), signaling an impending price rebound. Therefore, placing long orders near 4030-4020 is an attempt to speculate on a rebound to the upper part of the trading range after the price finds support here. The stop loss is set below 4020 to prevent a larger pullback if the support level is effectively broken.
In summary, the gold market is currently oscillating within the 4030-4020 and 4095-4110 ranges. Trading strategies should revolve around a "sell high, buy low" approach. When the price approaches the upper limit of the range, look for shorting opportunities, targeting the lower limit; when the price approaches the lower limit, look for long opportunities, targeting the upper limit. This strategy often yields good results when the market lacks significant fundamental news. Specifically, short gold around 4095-4110, targeting around 4050; and long gold around 4030-4020, targeting around 4070.
The 4030-4020 area forms a strong support level within the current trading range. This level may be a low point platform formed by previous pullbacks, the lower Bollinger Band on the daily chart, or the location of the upward trend line. When the price pulls back to 4030-4020, it will attract bullish funds to enter the market to buy on the dip, while short sellers will also choose to take profits, thus forming buying support. From an indicator perspective, if the price touches the 4030-4020 area, the Relative Strength Index (RSI) may enter the oversold zone (e.g., below 30), signaling an impending price rebound. Therefore, placing long orders near 4030-4020 is an attempt to speculate on a rebound to the upper part of the trading range after the price finds support here. The stop loss is set below 4020 to prevent a larger pullback if the support level is effectively broken.
In summary, the gold market is currently oscillating within the 4030-4020 and 4095-4110 ranges. Trading strategies should revolve around a "sell high, buy low" approach. When the price approaches the upper limit of the range, look for shorting opportunities, targeting the lower limit; when the price approaches the lower limit, look for long opportunities, targeting the upper limit. This strategy often yields good results when the market lacks significant fundamental news. Specifically, short gold around 4095-4110, targeting around 4050; and long gold around 4030-4020, targeting around 4070.
トレード稼働中
Trading is actually not complicated. As long as you truly love this market, it will reward you. I don't pursue exaggerated words or exaggerate emotions. I only focus on real trading and a clear rhythm. There is no such thing as an eternal bull or bear market, only the right direction in the present moment. Find the rhythm and follow the trend. This is the essence of trading.If you lack the ability to flexibly adapt to the market and are not good at adjusting your trading mindset and rhythm in a timely manner, you can pay attention to bottom notifications for more specific operational details and strategy updates. Let's work together to flexibly and steadily pursue more profits in the unpredictable market!
トレード終了: 利益確定目標に到達
This week has come to a successful close, with overall gains being substantial. The simplest way to win in trading is to avoid complex trades. If you think that the more factors you consider and the more details you pay attention to, the greater your confidence in a trade, you're mistaken. This will only confuse your judgment, increasing the risk of losses and potentially causing you to miss profitable opportunities by failing to take necessary actions. To simplify trading, it's simple: stick to one trading strategy, focus on the signals you're most confident in, repeat it consistently, and perfect it. That's how you'll succeed.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram Group:t.me/TP_Daniel666
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I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram Group:t.me/TP_Daniel666
関連の投稿
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。