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After the US-Iran talks materialized, gold prices opened significantly high in the early session, bouncing back above the 4300 mark, with the short-term trend leaning bullish.
Currently, keep an eye on the 4340-4350 resistance zone, and the 4210-4220 support zone. If the price fails to effectively break through this range, consider playing the range with high sell and low buy strategies. The gap left in this round of price action will still require time to gradually fill.
Recommendation: Once the price dips to stabilize in the 4240-4250 support area, look to enter long with a target towards the 4340-4350 zone.
This morning opened low and has been oscillating downwards, with the current gold price hovering around the 4320 range, overall pricing below 4400, leaning towards bearish in the short term.
Key levels to watch: resistance at 4340-4350, support at 4290-4300; also keep an eye on strong resistance at 4360-4380 and strong support at 4250-4260.
Trading strategy focuses on shorting on the bounce: If we rebound to the 4340-4350 range, it’s a good entry point to go short, and if it dips to the 4290-4300 range, consider entering a low long position.
In the early session, gold dipped before climbing, currently priced at 4450. The short-term key resistance is in the 4480 to 4500 range; if it can't break through effectively, there's a need for a pullback, with support to watch around 4400-4420.
Prioritize going short, looking to short around 4470-4480, with a target down to 4420-4400. For long positions, keep it light and consider short-term strategies.
Shorted gold from 4523 to 4513, then flipped long at 4520, taking a 20-point swing.
With precise market timing, seize both long and short opportunities. Even in a volatile market, we can capitalize on both directions and reliably cash in profits.
Bullish on the 4450-4460 zone this morning, pulled out over 70 points.
A lot of folks struggle with understanding the market, lacking strategies. They either sit on the sidelines and miss opportunities or jump in blind and take losses. The key to long-term stability isn’t just luck; it’s having the skill to accurately read the market trends.
Yesterday, gold made a V-shaped reversal, dipping down to 4365 before quickly bouncing back. The daily candlestick closed with a long lower shadow, indicating strong buying support below. The momentum for a short squeeze is robust, and the bearish pressure is gradually easing.
Currently, the market is focused on short-term rebound repairs, with a medium-term range-bound oscillation, and there’s no clear trend yet. In terms of strategy, it’s advised to sell high and buy low within the range, avoiding FOMO or panic selling. Today marks the end of the weekly chart, and the movement will influence next week's overall layout, with a keen eye on the breakout situation at the 4520-4530 resistance levels.
It’s suggested to scale into long positions if the 4450-4460 range stabilizes, with a target looking towards 4520; if 4520 breaks effectively, further targets could reach 4550-4600.