Gold Setup for longs and shorts This video covers gold on the local range whereby I expect price to eventually complete the move to the downside and clear the equal lows from MAy and June as well as take care of the poor lows and fill Quart Pivots .
I talk also about the Tradingview session volume profile chart and how this feature can really be a simple yet powerful guide for taking scalp trades off of specific levels and I show a couple of examples of the respect PA has for hitting those daily POC .
I Welcome any questions you may have
GOLD trade ideas
Gold - Week of 21st JulyWelcome to a new trading week. Price is compressing within a premium structure, boxed between clean supply and demand zones. While the overall trend remains bullish, momentum is clearly fading — so structure takes priority this week.
🟨 Weekly Bias: Neutral | Range-Bound Conditions
There’s no clear directional conviction on the weekly timeframe — we’re in a consolidation phase.
📊 Technical Overview & Strategy
We’re currently range-locked between:
Main Supply: 3380–3405
Main Demand: 3275–3250
Until either breaks decisively, we treat this as a two-sided market.
🔹 Weekly Key Zones
🔸 3365–3390 (Primary Supply)
Why it matters: Price was rejected cleanly from a previous weekly high (3377), aligning with a fresh Order Block (OB) and Fair Value Gap (FVG) from June.
Context: No bullish Break of Structure (BOS) above 3375. Repeated wick rejections indicate strong supply.
Game plan: If price returns, monitor M15–H1 for reaction. Consider shorts only if there's no BOS above 3390.
🔸 3430–3450 (Final Supply Barrier)
Why it matters: Unmitigated OB from a macro swing high — the final ceiling before bullish continuation.
Context: A clean BOS through this zone flips the larger structure bullish again.
🔸 3285–3260 (Key Demand Base)
Why it matters: Last untouched bullish OB + FVG combo from early July.
Context: No downside BOS yet. If price pulls back sharply, this zone offers a potential clean long from discount.
🔹 HTF Structure Summary
Trend: Still bullish (no BOS down), but compression under key resistance
Structure Range: 3390–3260
EMA Flow: Bullish, but extended — watch for pullbacks
RSI: Bearish divergence above 3350 — potential retracement brewing
🕯️ Daily Zones
🔸 Supply Zones
3380–3405 – Main Daily Supply / Liquidity Pool
Top of current range. Multiple upper wicks = rejection zone. Unless we get a daily close above 3405, this remains a trap for breakout buyers.
3355–3375 – Internal Supply / Inducement Block
Acted as a consistent ceiling post-CPI. Often triggers fake breakouts and quick reversals — ideal for fading strength.
🟢 Demand Zones
3312–3300 – Mid-Range Internal Demand
Reactive level post-CPI and NY session. Often used for stop hunts and intraday bounces.
3275–3250 – Main Daily Demand
Held firm as support all month. Every dip here has resulted in strong rallies. A daily break below flips the HTF bearish.
⏱ H1 Execution Map
🚩 SELL ZONES
3358–3370 – Primary Intraday Supply
Site of last week’s failed breakout. If price taps this and shows M15/M5 bearish momentum — it’s a sniper entry short.
3380–3395 – Upper Liquidity Trap
Classic fakeout zone. If breakout fails with a sharp reversal, it’s prime territory for “fade and dump” trades.
⚪ DECISION ZONE (Neutral / Pivot)
3335–3345:
A choppy, indecisive area. No clear OB or FVG. Avoid trading here — only observe and wait for clean setups on the edges.
🟢 BUY ZONES
3326–3332 – Primary Intraday Demand
Strong evidence of absorption + sharp reversals. Look for clean M15/M5 snapbacks — a reactive long setup.
3311–3320 – Deep Demand / Fear Zone
Sits below recent lows — ripe for liquidity sweeps. Only consider longs if a strong impulsive bounce follows. High risk, high reward.
Disclaimer: For educational context only.
Gold 1H - Retest of channel & support zone at 3340After breaking out of the falling channel, gold is currently retesting its upper boundary — now acting as support. The 3340 zone is particularly important as it aligns with the 0.618 Fibonacci level and high volume node on the visible range volume profile. The price action suggests a potential bullish rejection from this area. With both the 50 and 200 EMA below price on the 1H, the short-term trend remains bullish. The 4H trendline further supports this setup. RSI is cooling off near the neutral zone, leaving room for another leg higher toward the 3377 resistance zone. If 3340 fails, 3324 (0.786 Fibo) becomes the next line of defense. Until then, the structure remains bullish following the successful breakout and retest of the channel.
GOLD: Short Trade Explained
GOLD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry - 3354.53
Stop - 3357.9
Take - 3345.9
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
GOLD: Local Bearish Bias! Short!
My dear friends,
Today we will analyse GOLD together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 3,358.13 will confirm the new direction downwards with the target being the next key level of 3,349.76.and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Gold is in danger. Could it fall?Gold started to fall slowly after the Asian market opened on Thursday, and continued to fluctuate and fall in the European market. The impact of the initial data in the US market fell sharply to around 3310, then stabilized and rose. It reached a high of around 3341 and then maintained a high sideways fluctuation, and the daily line closed with a negative line.
The price trend of gold this week was erratic. On Wednesday, it rose and fell, closing with a positive line, indicating that there was strong resistance above; on Thursday, it fell and rebounded, closing with a negative line, indicating that there was some support below. The current moving average system is chaotic, which further confirms that the overall situation is in a wide range of fluctuations.
Connecting the highs and lows of this week can form a fluctuating downward channel, which still has an important guiding role in the market. The current channel resistance is at 3345. If the gold price can break through this resistance level, it is expected to open up further upward space; and the channel support is around 3320. Once it falls below, it may trigger a new round of decline.
Overall, the upward resistance levels of gold are 3345, 3350, and 3360; the downward support levels are around 3320 and 3310. Operation strategy:
Short around 3350, stop loss at 3360, profit range 3330-3310.
Long near 3315, stop loss 3305, profit range 3330-3350.
Fibonacci Retracement: The Hidden Key to Better EntriesIf you’ve ever wondered how professional traders predict where price might pull back before continuing... the secret lies in Fibonacci Retracement.
In this post, you’ll learn:
What Fibonacci retracement is
Why it works
How to use it on your charts (step-by-step)
Pro tips to increase accuracy in the market
🧠 What Is Fibonacci Retracement?:
Fibonacci Retracement is a technical analysis tool that helps traders identify potential support or resistance zones where price is likely to pause or reverse during a pullback.
It’s based on a mathematical sequence called the Fibonacci Sequence, found everywhere in nature — from galaxies to sunflowers — and yes, even in the markets.
The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding ones, starting with 0 and 1. The sequence typically begins with 0, 1, 1, 2, 3, 5, 8, 13, and so on. This pattern can be expressed as a formula: F(n) = F(n-1) + F(n-2), where F(n) is the nth Fibonacci number.
The key Fibonacci levels traders use are:
23.6%
38.2%
50%
61.8%
78.6%
These levels represent percentages of a previous price move, and they give us reference points for where price might pull back before resuming its trend and where we can anticipate price to move before showing support or resistance to the trend you are following.
💡Breakdown of Each Fib Level:
💎 0.236 (23.6%) – Shallow Pullback
What it indicates:
Weak retracement, often signals strong trend momentum.
Buyers/sellers are aggressively holding the trend.
Best action:
Aggressive entry zone for continuation traders.
Look for momentum signals (break of minor structure, bullish/bearish candles). Stay out of the market until you see more confirmation.
💎 0.382 (38.2%) – First Strong Area of Interest
What it indicates:
Healthy pullback in a trending market.
Seen as a key area for trend followers to step in.
Best action:
Look for entry confirmation: bullish/bearish engulfing, pin bars, Elliott Waves, or break/retest setups.
Ideal for setting up trend continuation trades.
Stop Loss 0.618 Level
💎 0.500 (50.0%) – Neutral Ground
What it indicates:
Often marks the midpoint of a significant price move.
Market is undecided, can go either way.
Best action:
Wait for additional confirmation before entering.
Combine with support/resistance or a confluence zone.
Useful for re-entry on strong trends with good risk/reward.
Stop Loss 1.1 Fib Levels
💎 0.618 (61.8%) – The “Golden Ratio”
What it indicates:
Deep pullback, often seen as the last line of defense before trend reversal.
High-probability area for big players to enter or add to positions.
Best action:
Look for strong reversal patterns (double bottoms/tops, engulfing candles).
Excellent area for entering swing trades with tight risk and high reward.
Use confluence (structure zones, moving averages, psychological levels, Elliott Waves).
Wait for close above or below depending on the momentum of the market.
Stop Loss 1.1 Fib Level
💎 0.786 (78.6%) – Deep Correction Zone
What it indicates:
Very deep retracement. Often a final “trap” zone before price reverses.
Risk of trend failure is higher.
Best action:
Only trade if there's strong reversal evidence.
Use smaller position size or avoid unless other confluences are aligned.
Can act as an entry for counter-trend trades in weaker markets.
Stop Loss around 1.1 and 1.2 Fib Levels
⏱️Best Timeframe to Use Fibs for Day Traders and Swing Traders:
Day trading:
Day traders, focused on capturing short-term price movements and making quick decisions within a single day, typically utilize shorter timeframes for Fibonacci retracement analysis, such as 15-minute through hourly charts.
They may also use tighter Fibonacci levels (like 23.6%, 38.2%, and 50%) to identify more frequent signals and exploit short-term fluctuations.
Combining Fibonacci levels with other indicators such as moving averages, RSI, or MACD, and focusing on shorter timeframes (e.g., 5-minute or 15-minute charts) can enhance signal confirmation for day traders.
However, relying on very short timeframes for Fibonacci can lead to less reliable retracement levels due to increased volatility and potential for false signals.
Swing trading:
Swing traders aim to capture intermediate trends, which necessitates giving trades more room to fluctuate over several days or weeks.
They typically prefer utilizing broader Fibonacci levels (like 38.2%, 50%, and 61.8%) to identify significant retracement points for entering and exiting trades.
Swing traders often focus on 4-hour and daily charts for their analysis, and may even consult weekly charts for a broader market perspective.
🎯 Why Does Fibonacci Work?:
Fibonacci levels work because of:
Mass psychology – many traders use them
Natural rhythm – markets move in waves, not straight lines
Institutional footprint – smart money often scales in around key retracement zones
It's not magic — it's structure, and it's surprisingly reliable when used correctly.
🛠 How to Draw Fibonacci Retracement (Step-by-Step):
Let’s say you want to trade XAU/USD (Gold), and price just had a strong bullish run.
✏️ Follow These Steps:
Identify the swing low (start of move)
Identify the swing high (end of move)
Use your Fibonacci tool to draw from low to high (for a bullish move)
The tool will automatically mark levels like 38.2%, 50%, 61.8%, etc.
These levels act as pullback zones, and your job is to look for entry confirmation around them.
🔁 For bearish moves, draw from high to low. (I will show a bearish example later)
Now let’s throw some examples and pictures into play to get a better understanding.
📈 XAU/USD BULLISH Example:
1.First we Identify the direction of the market:
2.Now we set our fibs by looking for confirmations to get possible entry point:
Lets zoom in a bit:
Now that we have a break of the trendline we wait for confirmation and look for confluence:
Now we set our fibs from the last low to the last high:
This will act as our entry point for the trade.
3. Now we can look for our stop loss and take profit levels:
Stop Loss:
For the stop loss I like to use the fib levels 1.1 and 1.2 when I make an entry based upon the 0.618 level. These levels to me typically indicate that the trade idea is invalid once crossed because it will usually violate the prior confirmations
Take Profit:
For the take profit I like to use the Fib levels 0.236, 0, -0.27, and -0.618. This is based upon your personal risk tolerance and overall analysis. You can use 0.236 and 0 level as areas to take partial profits.
Re-Entry Point Using Elliott Waves as Confluence Example:
This is an example of how I used Elliott Waves to enter the trade again from the prior entry point. If you don’t know what Elliott Waves are I will link my other educational post so you can read up on it and have a better understanding my explanation to follow.
After seeing all of our prior confirmations I am now confident that our trend is still strongly bullish so I will mark my Waves and look for an entry point.
As we can see price dipped into the 0.38-0.5 Fib level and rejected it nicely which is also in confluence with the Elliott Wave Theory for the creation of wave 5 which is the last impulse leg before correction.
🔻 In a downtrend:
Same steps, but reverse the direction — draw from high to low and look to short the pullback.
XAU/USD Example:
As you can see the same basic principles applied for bearish movement as well.
⚠️ Pro Tips for Accuracy:
✅ Always use Fib in confluence with:
Market structure (higher highs/lows or lower highs/lows)
Key support/resistance zones
Volume or momentum indicators
Candle Patterns
Elliott Waves, etc.
❌ Don’t trade Fib levels blindly — they are zones, not guarantees.
📊 Use higher timeframes for cleaner levels (4H, Daily)
💡 Final Thought
Fibonacci retracement doesn’t predict the future — it reveals probability zones where price is likely to react.
When combined with structure and confirmation, it becomes one of the most reliable tools for new and experienced traders alike.
🔥 Drop a comment if this helped — or if you want a Part 2 where I break down Fibonacci Extensions and how to use them for take-profit targets.
💬 Tag or share with a beginner who needs to see this!
XAUUSD Short📈 Scenario Forecast:
Bias: Bearish
Expected Path:
Price to move into the 3340–3352 supply zone.
Rejection expected from this area.
Downside targets are 3315, followed by 3290s, depending on how price interacts with intermediate demand.
This aligns with a classic pullback-to-supply-and-drop setup based on smart money concepts and supply/demand dynamics.
Your Key Zones ("Borders"):
🔴 Supply Zones (Short Bias Areas):
Primary Supply: 3340–3352
This zone is well-placed, capturing imbalance and previous distribution. It’s situated right at the 50% equilibrium level of the last bearish leg (as shown by your 0.5 line at 3340.72), and likely to act as the rejection point for the next bearish leg.
If price prints a lower high or bearish confirmation candle within this zone, it supports the bearish continuation thesis.
🟢 Demand Zones (Target Areas):
First Demand Zone: 3315–3309
This zone represents the prior BOS and recent swing low. It's the first level where we may see a temporary pause or reaction before continuation. It's an ideal short-term target for traders entering from the supply zone above.
Secondary Demand Zone: 3292–3286
A deeper institutional demand block. If bearish pressure remains strong, price could be drawn here for a liquidity sweep before a higher-timeframe reversal or bounce.
Elliott Wave Analysis – XAUUSD July 17, 2025
🔍 Momentum Analysis
D1 timeframe: Momentum is still trending downward, but we’re starting to see signs of convergence between the indicator lines. Normally, we would expect another two daily candles to reach the oversold zone and trigger a potential reversal. However, with the current narrowing pattern, we cannot rule out the possibility of an earlier reversal. Today’s daily close will be crucial for confirmation.
H4 timeframe: Momentum is clearly declining, suggesting that the market may either continue downwards or consolidate sideways throughout the day.
🌀 Elliott Wave Structure
On the H4 chart, price action is compressing tightly at the end of a symmetrical triangle pattern – a classic setup in Elliott Wave theory. Notably, this final point of compression coincides with the POC (Point of Control), indicating a key price level where high volume has accumulated.
Wave W (in black) follows a 3-wave structure. Yesterday, price surged to the beginning of wave W and then sharply reversed, forming the basis for two potential scenarios:
Scenario 1 – WXY structure with current price completing wave Y within wave e (green):
+ Target 1: 3327
+ Target 2: 3303
Scenario 2 – Wave e (green) evolves into a triangle:
+ In this case, price may consolidate sideways above the 3327 zone.
🔗 Combining Wave and Momentum Analysis
Both D1 and H4 momentum indicators are still pointing downward. However, the price candles appear overlapping and lack clear directional strength – a common trait of compression near the triangle’s apex. With price sitting right on the POC, there’s a high chance of continued tightening before a breakout. At this stage, the recommended strategy is to wait for a strong bullish candle at one of the target zones before entering a BUY position.
📈 Trade Setup
✅ Scenario 1 – BUY at 3327 – 3326
+ Stop Loss: 3317
+ Take Profit 1: 3342
+ Take Profit 2: 3358
+ Take Profit 3: 3402
✅ Scenario 2 – BUY at 3305 – 3302
+ Stop Loss: 3295
+ Take Profit 1: 3327
+ Take Profit 2: 3358
+ Take Profit 3: 3402
Analysis of 7.17 Gold Operation: Buy High and Sell LowYesterday, the trend of gold in the first half was quite regular. The rebound in the Japanese session was under pressure, and the European session continued to fall back to test the 3320 mark. The key here has been repeatedly emphasized yesterday. The gold market in the second half was more exciting. First, the news was released that Trump was ready to draft the dismissal of the Federal Reserve Chairman. Gold directly rose by 50 US dollars and broke through the recent high of 3375. Then he said that he had no intention of dismissing the Federal Reserve Chairman. Gold rushed up and fell back by 40 US dollars. The daily line finally closed with an inverted hammer pattern with a very long upper shadow line.
After the end of this pattern, today's market is still bearish. If the market is extremely weak, it will continue to fall below 3358. Pay attention to the attack and defense of the 3320 mark below. If it falls below, it will open the downward space to test the 3300 mark. During the day, we will temporarily set the small range of 3320-3358 to run, sell high and buy low, and retreat to 3325. One low long, defend yesterday's low, look up to 3335, 3342, 3358, and then reverse high.
Gold (XAU/USD) 15-minute CHART PATTERNThis is a 15-minute chart of Gold (XAU/USD) with multiple trading concepts annotated. Here are the key elements:
Macro Levels: Several points are marked “MACRO,” likely denoting key market structure levels or significant order blocks.
Order Blocks (OB): Highlighted areas like the orange and blue boxes represent order blocks, potential zones where institutional buying or selling occurred.
Fair Value Gaps (FVG): The green and light red shaded areas signify imbalance zones in price action, where price may revisit to "fill" these gaps.
Sessions: "New York AM/PM" and "Asian" sessions are marked, showing session-based price behavior.
Stop Loss and Target Area: A clear buy setup is illustrated, with a stop-loss below the recent lows (around 3,330) and a projected upward price movement towards 3,360–3,370.
Interpretation:
This chart indicates a potential bullish setup from the current 3
XAUUSD H1 I Bearish Reversal Based on the H1 chart, the price is approaching our sell entry level at 3346.44, a pullback resistance.
Our take profit is set at 3308.43, an overlap support that aligns closely with the 78.6% Fib retracement.
The stop loss is set at 3375.07, a swing high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
XAUSD - Using HOW levels for a break and retest!Identify what signal a market is showing you.
TYPES IOF SIGNAL DAYS
- First red/green day
- Dump/Pump
- Inside day
Frame the Trade play
- Reversal
- Continuation
Identify the Levels
- HOW/LOW
- Session High/LOW
- Friday Closing Price.
Trade Explanation
On the previous week FOREXCOM:XAUUSD triggered 3 days of breakout traders into the market closing in breakout. On Monday we have a FRD signal that sets up a next day trade opportunity. A retest of a previous weeks high gave us an indication of a retest/reversal trade on day 3 below Fridays closing price. Into the NY session this market quickly displaced back to Friday day 1 LOD level. Going into Tuesday day 2 we had the test of a weekly level and reversal above a session high closing below the Friday closing price. The break of a previous weeks high triggered more breakout traders into the market however it failed. We know day 2 typicall expands the range on Monday for a great parabolic trade setup right to as previous days low.
NO GUESSING, NO FOMO, NO FEAR, NO STRESS!
- Friday Closing Price (Entry)
- Previous HOW (Stop)
- PDL (Target)
Gold: Bull-Bear Swings & Today's Trade Tips + AnalysisAnalysis of Gold News Drivers:
During the U.S. session on Wednesday (July 16th), spot gold surged sharply and is currently trading around 3,370 🚀. Trump stated that tariff letters will soon be sent to small countries, with rates likely slightly above 10%, providing safe-haven support for gold prices 🛡️.
Gold prices fell 0.5% on Tuesday, closing at 3,324.68, barely holding above the 55-day moving average of 3,222 📉. Earlier, the U.S. June CPI increase hit its highest level since January, pushing the U.S. dollar index to a nearly three-week high, while U.S. Treasury yields also climbed to a six-week peak, pressuring gold prices ⚖️. The dollar index has risen for four consecutive trading days, hitting a high of 98.70 on Tuesday, the highest since June 23rd 🆙. A stronger dollar makes dollar-denominated gold more expensive for investors holding other currencies, thereby weighing on gold prices 💸.
However, the market largely interprets the dollar's recent rally as a technical adjustment rather than a reversal of the long-term trend 🔄. Despite short-term pullbacks in gold prices, market sentiment has not fully turned pessimistic 😐. While gold is currently in a consolidation range since mid-May, uncertainties surrounding tariff policies may offer support 🔀. Overall, the long-term outlook for gold remains optimistic, with sustained market focus on tariff issues expected to drive a rebound in gold prices in the future 📈
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Expecting Gold bullish Movement Gold (XAU/USD) on the 15-minute chart is showing signs of a bullish reversal after forming a potential double bottom pattern around the 3332 support zoneThis area has been tested multiple times indicating strong buying interest and a solid demand zone
The price action suggests a possible continuation of the bullish momentum, supported by the higher lows and projected upside trajectory. A breakout above the minor consolidation and neckline zone near 3346 could push price toward the identified target zone around 3370 which also aligns with a previous resistance level
Key Levels
Support 3332
Resistance Target Zone 3370
Entry Zone Current pullback near 3345 3346
Bullish Structure: Double bottom with higher low confirmation
If bullish momentum holds this setup offers a favorable risk to reward scenario aiming for a breakout toward the upper resistance zone
Pay attention to 3320, if it falls below, go long at 3310-3300The short order has been completed and profit has been realized. Now the 1H technical indicators show that there is still room for decline in the short term. Focus on the 3320 support. If it falls below 3320, the gold price is expected to reach the 3310-3300 area, which is also an ideal trading area for intraday long positions. There is nothing much to say. Follow the wolves and you will get meat. Currently, the brothers who follow me to trade have all made good gains.
OANDA:XAUUSD
Gold adjustment is complete and continue to be long
Gold rebounded at 3322 today. Technically, it needs to rebound and repair when it falls back to 3318-25, so we can find opportunities to go long below to seize the profit space of the rebound. If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate with us!
From the 4-hour analysis, the upper short-term pressure focuses on 3340-45, and the lower short-term support focuses on 3318-20. Relying on this range, the main tone of high-altitude low-multiple cycle participation remains unchanged during the day. In the middle position, watch more and move less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
Gold falls back to 3318-25 and goes long, stop loss 3312, target 3340-45, and continue to hold if it breaks;