Gold Churning & Accumulating: The Calm Before the Mega Move!

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Today's overall outlook remains one of continued rebound and recovery. Support is seen around 4310, while key resistance levels are 4350 and 4400. Monitor the market closely to see how the market shifts in strength. In summary, today's short-term trading strategy for gold is primarily to buy on dips, with selling on rallies as a secondary approach. Key resistance levels to watch are 4370-4380, and key support levels are 4300-4280.


June 9th Gold Trading Strategy Reference:

Short Strategy:

Strategy 1: Sell gold in batches around 4370-4380 with 20% of your capital, stop loss at 4400, target 4330-4320, and if it breaks through, look for 4300.

Long Strategy:

Strategy 2: Buy gold in batches around 4300-4310 with 20% of your capital, stop loss at 4280, target 4350-4370, and if it breaks through, look for 4400.
交易开始
In terms of trading strategy, we shorted at 4315-4310 on Monday and took profit at 4290. Today, we went long at 4322 and took profit at 4344. The short-term trend is currently weak, and we have no intention of changing direction; we'll wait until tomorrow.

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