Gold opened higher at 3364 today, and after a brief surge to 3374, it entered a stage of shock and retracement. Our plan to arrange short orders near 3370 was successfully implemented, and we stopped profits in batches in the 3360-3355 range, making short-term profits. Overall, although it jumped higher due to the stimulus of news such as the increase in tariffs over the weekend, the momentum of the surge is limited, and the technical side still needs to retrace to digest the gains.
At present, the market has returned to the technical rhythm. The key support refers to the breakthrough point of 3340-3345 last Friday. Further exploration will look at the strong support of 3330. The overall rhythm is still mainly to arrange long orders near the low support, and going with the trend is the key. As long as the 3330 support is not broken, the daily line structure will still maintain a strong bullish trend. Do not blindly chase the short position. The operation of short orders against the trend needs to be particularly cautious. I will promptly remind you of the specific operation strategy according to the changes in the market. You can pay attention to the bottom notification. It is recommended that you keep paying attention and respond to the market rhythm steadily.
Reference for gold operation strategy: Go long on gold near the 3345-3355 area, target the 3365-3370 line. If it breaks above 3370, you can continue to hold and hope for further continuation.
At present, the market has returned to the technical rhythm. The key support refers to the breakthrough point of 3340-3345 last Friday. Further exploration will look at the strong support of 3330. The overall rhythm is still mainly to arrange long orders near the low support, and going with the trend is the key. As long as the 3330 support is not broken, the daily line structure will still maintain a strong bullish trend. Do not blindly chase the short position. The operation of short orders against the trend needs to be particularly cautious. I will promptly remind you of the specific operation strategy according to the changes in the market. You can pay attention to the bottom notification. It is recommended that you keep paying attention and respond to the market rhythm steadily.
Reference for gold operation strategy: Go long on gold near the 3345-3355 area, target the 3365-3370 line. If it breaks above 3370, you can continue to hold and hope for further continuation.
Trade active
Gold opened with a gap up and rushed directly to around 3374. Now the price is falling back to around the 10-day moving average. After the release of our last article, it rebounded to 3374 and fell back as expected. The short order plan is also to reap 100pips profit. It is still fluctuating downward. We will continue to be bullish after the decline stabilizes. It has now broken through the key resistance level of 3365, and the daily line has formed a strong pattern of three consecutive positive days. The gold price remains in an upward channel, and the bullish trend is obvious. The short-term moving average continues to move up to form support. The middle track of the Bollinger Band 3355 and the 5-day moving average 3345 constitute an important support level. At present, the bulls are dominant. The focus on the upper side is the previous high 3377-3385 pressure level. Whether it can continue to stand above 3365 this week is the key. If it can stand firm, you can continue to chase more. Otherwise, it is recommended to rebound and short gold. Today, it opened from 3355 and quickly rose to 3374 before fluctuating and falling back. It has risen by 18 US dollars during the day. It is currently pulled back to around 3357. The bullish momentum is strong. It is recommended to try to go long at the support level of 3355-3345 below.Trade closed: target reached
The trend of gold is fully in line with the trading plan. It accurately triggered the long strategy when it stepped back to around 3353, and then rebounded as expected. It has now entered the stage of profit release, and the floating profit of positions continues to expand. The overall operation rhythm is highly consistent with expectations. This time, the core logic of the transaction of "early layout + strict execution" has been confirmed again. Trends are never mysterious. The real advantage comes from the keen identification of key turning points, decisive entry, and resolute implementation of trading discipline. Strategy foresight, rhythm control, and implementation in place are the basis for our steady profitability, and the real reason why we have entered the profit zone when others are hesitant and watching. We always believe that trends do not wait for people. If the rhythm is right, profit is only a matter of time. And every time we seize the opportunity and hold the profit, it is those traders who always have plans, rhythms, and disciplines.Focus on the future market: focus on the performance of the 3375-3380 pressure area above. If the breakthrough is effective, the bulls are expected to extend further; if the pressure is not broken, short-term adjustments and restarts are not ruled out.
I will continue to remind you of subsequent operation opportunities at the bottom. Remember to stay tuned and don’t miss any deterministic entry signals.
I treat every partner with my best efforts. I do not promise huge profits, but only pursue replicable and stable profits. Many people are already on this path, and you can too.Free witness telegram group t.me/TP_Daniel1
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I treat every partner with my best efforts. I do not promise huge profits, but only pursue replicable and stable profits. Many people are already on this path, and you can too.Free witness telegram group t.me/TP_Daniel1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.