From 3758 to 3871.5, nearly $113, it surged nearly $50 today. However, after breaking the high, it reversed course and fell again, dropping over $60.
A sharp drop and slow rise is just the right way to describe today. The current situation is that the price continued to rise and break new highs in the Asian session, then rose and fell in the European session, breaking the lows. After breaking the highs, it broke the lows again, entering a period of correction.
Technically, there is also a need for correction. Once the highs are confirmed, a new round of market movement begins.
The scope for correction is currently estimated to be around $80-100. Of course, judging by the current trend, the price has already fallen below the 3810 area, a drop of over $60.
Expanding the range to $100 could be just a matter of minutes. Keep an eye on the 3800 area, with a particular focus on the 3775 range.
For bulls, Considering this surge, which has already exceeded $500, the largest gain this year, the upward potential is limited, and technical corrections are imminent. Before the previous decline began, we held onto our highs. Now that a decline is likely, we should hold onto our highs even more. As for buying lows, we should wait until the current downward momentum has fully unleashed.
Using the 3880 area as resistance, I began shorting. As the price continues to fall, I've continued to follow the bearish trend.
Currently, the price is in the 3820 area, and I continue to be bearish. Focus on 3805-3800. If it falls below, I'll target 3875.
If you're feeling lost and unsure about where to go in this market, follow my updates and channel. I'll provide daily updates, including details on both long- and short-term trade executions. If you're interested, please share your current positions so we can analyze whether it's safer to hold on patiently or adjust and change positions promptly.
A sharp drop and slow rise is just the right way to describe today. The current situation is that the price continued to rise and break new highs in the Asian session, then rose and fell in the European session, breaking the lows. After breaking the highs, it broke the lows again, entering a period of correction.
Technically, there is also a need for correction. Once the highs are confirmed, a new round of market movement begins.
The scope for correction is currently estimated to be around $80-100. Of course, judging by the current trend, the price has already fallen below the 3810 area, a drop of over $60.
Expanding the range to $100 could be just a matter of minutes. Keep an eye on the 3800 area, with a particular focus on the 3775 range.
For bulls, Considering this surge, which has already exceeded $500, the largest gain this year, the upward potential is limited, and technical corrections are imminent. Before the previous decline began, we held onto our highs. Now that a decline is likely, we should hold onto our highs even more. As for buying lows, we should wait until the current downward momentum has fully unleashed.
Using the 3880 area as resistance, I began shorting. As the price continues to fall, I've continued to follow the bearish trend.
Currently, the price is in the 3820 area, and I continue to be bearish. Focus on 3805-3800. If it falls below, I'll target 3875.
If you're feeling lost and unsure about where to go in this market, follow my updates and channel. I'll provide daily updates, including details on both long- and short-term trade executions. If you're interested, please share your current positions so we can analyze whether it's safer to hold on patiently or adjust and change positions promptly.
עסקה פעילה
If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.עסקה סגורה: היעד הושג
After a big drop, gold temporarily stopped falling at the 3793 line. This position is the 1H lower track and resonates with the 4H middle track. It is difficult for the short position to continue without breaking. It is not recommended to follow the short position blindly. Instead, we can look at the strength of a rebound correction. Pay attention to the upper pressure at 3823 and 3838, and the support at 3791 and 3800. Treat it with a volatile mindset!
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.