Gold gradually stabilized above 4500 during the rebound, officially entering a consolidation and recovery phase after the sharp drop, while the momentum balance is gradually tilting towards the buying power. From the current technical structure, gold rebounded after touching around 4512 during the pullback, and has clearly formed an inverted head and shoulders pattern in the short term, consolidating and strengthening the support level in the 4515-4495 area. The liquidity below the 4500 low may have already been absorbed, and if gold is rejected when it tests the 4515-4495 support zone, it may indicate that buying interest is gradually increasing.
However, it should be noted that the overall market is in a consolidation and recovery phase in the short term, and a significant rebound is unlikely. Therefore, the resistance level in the 4585-4605 area may remain in effect in the short term. Only after breaking through this resistance level can gold continue to rise to the 4660-4680 area.
Therefore, in terms of short-term trading, if gold retraces to the 4500-4480 area, I will consider going long on gold; if gold rebounds and touches the 4580-4600 area for the first time, I may consider going short on gold.
However, it should be noted that the overall market is in a consolidation and recovery phase in the short term, and a significant rebound is unlikely. Therefore, the resistance level in the 4585-4605 area may remain in effect in the short term. Only after breaking through this resistance level can gold continue to rise to the 4660-4680 area.
Therefore, in terms of short-term trading, if gold retraces to the 4500-4480 area, I will consider going long on gold; if gold rebounds and touches the 4580-4600 area for the first time, I may consider going short on gold.
تم فتح الصفقة
The current pullback in gold is a gift. I've already bought gold as planned. Smart traders are positioning themselves for long positions in gold in advance, and it's too late to buy after gold has already risen! Now, what we need to do is patiently wait for gold to rebound and bring us substantial profits. Do you think gold will rise or continue to fall?ملاحظة
Gold rebounded after touching around 4489 during its pullback. The candlestick chart shows a bullish candle with a long lower shadow, successfully forming a right shoulder structure, creating a complete inverted head and shoulders support pattern. This structure is conducive to continued rebound in gold. I believe gold is likely to continue testing the 4530-4550 area, and may even extend to the 4580-4600 area.أغلقت الصفقة: تم الوصول للهدف
Good news: As per my trading plan, I started a long position in gold around 4510, and added to my long position around 4492 during the pullback, holding firmly and waiting for a rebound. After waiting for 7 hours, gold finally hit my target TP of 4540 as expected. Clearly, our patience paid off very well, and thankfully I didn't succumb to the bears while waiting. It's great to witness this momentous occasion with everyone. Congratulations!ملاحظة
As originally planned, if gold continues to rebound to the 4580-4600 range, I will still consider shorting gold, since the overall trend in the short term may remain one of consolidation and correction. However, since gold has already formed an inverted head and shoulders support structure, when shorting gold in the aforementioned area, one should not set overly high expectations for a pullback. It is expected that the price will retrace and test the 4560-4540 area.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.