Gold remains weak, but the downward momentum has slowed significantly compared to before, and it has managed to stay above 5000. This suggests that gold has shown clear signs of bottoming out after repeated fluctuations in the short term. From a short-term structural perspective, gold has gradually formed a clear inverted head and shoulders support pattern, and with the lows gradually moving higher, the short-term support has moved up to the vicinity of 5000. If gold can form a double bottom pattern centered around the 5005 area, it will be more conducive to driving gold prices higher. If gold can break through the 5030-5050 area in the short term, it will open up more upside potential!
In terms of short-term trading, given the solid support below and the clear intention to form a bottom, we might as well follow the market structure and continue to consider buying gold in the 5015-4995 range!
In terms of short-term trading, given the solid support below and the clear intention to form a bottom, we might as well follow the market structure and continue to consider buying gold in the 5015-4995 range!
Trade ativo
Our planned long gold trades within the 5015-4995 range have already yielded very good profits. Let's continue holding. Gold is not currently collapsing but rather accumulating energy through consolidation. Let's see if gold can reach above 5025 as we hope.Trade fechado: objetivo atingido
My dears, we started to go long on gold around 5505 according to the above trading plan. After the order was placed, although gold fell to around 4992, it quickly stopped falling and rebounded. After repeated fluctuations, thanks to the support of the continuous downward trend of DXY and the structural support formed after the repeated fluctuations, it finally hit TP:5025 as expected, successfully locking in nearly 200 pips of profit once again. Congratulations to all who executed the long trading signals!
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.