After rising on Monday, gold continued its strong upward trend on Tuesday, but the market remained volatile. In the short term, the pullback is still relatively large, but the overall upward trend is strong. Assuming the fundamentals remain unchanged, it is difficult for gold prices to experience a sustained sharp decline. The principle of following the trend is still very important. Strong unilateral trends can offer greater upside potential, while in a volatile upward trend, attention should be paid to the trading rhythm.
On the 4-hour chart, the price has begun to slowly break through the previous resistance zone. The candlestick continues to maintain a good upward trend along the short-term moving average. In the short term, pay attention to the resistance area of 4500-4510.
On the 1-hour chart, the technical pattern is gradually becoming less pronounced. After consolidating at high levels, prices have rallied again, maintaining a slightly bullish bias in the short term. Watch for a slight pullback before further upward movement. The short-term trend may encounter some minor adjustments due to resistance.
The trading strategy is to prioritize selling at high prices and then buy at low prices. Sell near 4500 and buy at the short-term support level of 4435-4445. I will post more strategies in the channel.
On the 4-hour chart, the price has begun to slowly break through the previous resistance zone. The candlestick continues to maintain a good upward trend along the short-term moving average. In the short term, pay attention to the resistance area of 4500-4510.
On the 1-hour chart, the technical pattern is gradually becoming less pronounced. After consolidating at high levels, prices have rallied again, maintaining a slightly bullish bias in the short term. Watch for a slight pullback before further upward movement. The short-term trend may encounter some minor adjustments due to resistance.
The trading strategy is to prioritize selling at high prices and then buy at low prices. Sell near 4500 and buy at the short-term support level of 4435-4445. I will post more strategies in the channel.
Trade ist aktiv
With the price reaching the resistance zone around 4500, we need to pay attention to its breakout situation and consider shorting with a small position.Trade geschlossen: Ziel wurde erreicht
Prices have fallen slightly. The short-selling strategy has already started to generate profits.Anmerkung
Wow, the short-selling strategy has already yielded a decent profit.Anmerkung
A perfect trading strategy. Dear traders, if you followed the short-selling strategy and then went long at the support level, congratulations! You have largely achieved your profit target for this week.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.