Gold extended yesterday’s correction today, showing a significant decline amid oscillatory pressure, with some support found near the $4,000 mark. After surging to a high of $4,101.76 yesterday, gold plunged sharply, and this downward correction has continued to gather momentum on the 18th.
Previously, a head-and-shoulders top pattern formed on the 4-hour chart of gold, indicating an inherent technical correction demand. Furthermore, the pullback from yesterday’s high created a clear short-term bearish pressure signal, and today’s decline represents a further digestion of these negative technical cues.
Currently, the market is in the phase of testing support near $4,000.If this level is breached, it may trigger a further pullback to the short-term buffer support at $3,980, with the key strong support at $3,950 requiring close attention.
If gold can stabilize above $4,000, it will most likely enter a range-bound consolidation phase.
The primary resistance above lies at $4,100, a critical pressure level amid the recent correction. A breakout above this level will require a significant increase in trading volume, making it quite challenging in the short term.
Sell 4060 - 4050
SL 4070
TP 4000 - 3990 - 3980
Buy 4000 - 4010
SL 3990
TP 4040 - 4050 - 4060
Previously, a head-and-shoulders top pattern formed on the 4-hour chart of gold, indicating an inherent technical correction demand. Furthermore, the pullback from yesterday’s high created a clear short-term bearish pressure signal, and today’s decline represents a further digestion of these negative technical cues.
Currently, the market is in the phase of testing support near $4,000.If this level is breached, it may trigger a further pullback to the short-term buffer support at $3,980, with the key strong support at $3,950 requiring close attention.
If gold can stabilize above $4,000, it will most likely enter a range-bound consolidation phase.
The primary resistance above lies at $4,100, a critical pressure level amid the recent correction. A breakout above this level will require a significant increase in trading volume, making it quite challenging in the short term.
Sell 4060 - 4050
SL 4070
TP 4000 - 3990 - 3980
Buy 4000 - 4010
SL 3990
TP 4040 - 4050 - 4060
交易开始
My earlier Trading Strategy (All hit)Sell 4060 - 4050
SL 4070
TP 4000 - 3990 - 3980
Buy 4000 - 4010
SL 3990
TP 4040 - 4050 - 4060
交易结束：到达目标
Accurate Trend PredictionSuccessfully identified the oscillating trend of spot gold in advance, clarified key breakout levels and resistance ranges, which perfectly aligned with the actual intraday price movement.
Timely Signal Capture
Precisely recognized the turning points between bullish and bearish trends, and quickly identified breakout and resistance signals at key levels to propose targeted strategies.
Efficient Strategy Execution
The proposed direction for bullish/bearish positioning, target levels, and stop-loss settings are scientific and reasonable, with strong practical guiding value.
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