On Monday, gold experienced another dramatic single-day drop of $200, while silver saw an even more exaggerated movement, with a daily fluctuation exceeding 18% and a maximum intraday decline of over 10%. Historically, there have been two instances of the CME raising margin requirements for metals, and each time this was followed by a sharp drop in metal prices.
Monday's low point around 4440-4445 was the bottom after a second decline and rebound. This level also marked a clear dividing line between bullish and bearish sentiment on the previous daily chart. After rising above 4440-4450, gold prices repeatedly rebounded from this level after multiple pullbacks. Therefore, a break below this range could trigger further selling pressure.
Monday's sharp decline has largely exhausted the bearish momentum, so a continued bearish outlook is not advisable for Tuesday. Short-term resistance is between 4375-4380, with key resistance at 4395-4400. Initially, focus on the 4375 resistance level. If it fails to break through by the European session, consider a small short position at that level; ideally, wait for a move above 4390 before the European session. If the price falls directly, consider going long around 4330 on the first downside. If it breaks below 4320, then consider entering around 4300.I will update more trading information in the channel.
Monday's low point around 4440-4445 was the bottom after a second decline and rebound. This level also marked a clear dividing line between bullish and bearish sentiment on the previous daily chart. After rising above 4440-4450, gold prices repeatedly rebounded from this level after multiple pullbacks. Therefore, a break below this range could trigger further selling pressure.
Monday's sharp decline has largely exhausted the bearish momentum, so a continued bearish outlook is not advisable for Tuesday. Short-term resistance is between 4375-4380, with key resistance at 4395-4400. Initially, focus on the 4375 resistance level. If it fails to break through by the European session, consider a small short position at that level; ideally, wait for a move above 4390 before the European session. If the price falls directly, consider going long around 4330 on the first downside. If it breaks below 4320, then consider entering around 4300.I will update more trading information in the channel.
تم فتح الصفقة
Prices fluctuated downwards from our predicted level of 4380. Short sellers should pay attention to the resistance around 4400 and consider shorting at the appropriate level.أغلقت الصفقة: تم الوصول للهدف
Gold prices are facing significant resistance in the 4390-4400 range. You could consider shorting in small amounts within this range.ملاحظة
Guys, the short-selling strategy has yielded perfect profits. Those who implement this strategy should take profits promptly.ملاحظة
Prices fell back from the upward pressure level, touching a low of 4330, a perfect short-selling strategy.
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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.