Looking back at the gold price movement this month, it maintained an overall downward trend with repeated bottoming processes, testing the support around 3960 multiple times. Although the highs continued to move lower and the bears maintained the initiative, there was also significant buying support at the bottom. Ultimately, the monthly chart closed with a small bullish candlestick with a long lower shadow, indicating that funds continued to enter the market at lower levels, further exacerbating the divergence between bulls and bears. On the fundamental side, the Fed's interest rate decision kept rates unchanged as expected, but the overall tone remained hawkish, and high interest rate expectations continue to be a major factor suppressing gold. However, the PCE data released on Thursday showed a 0.1% month-on-month decline, indicating a temporary easing of inflationary pressures, which brought a technical rebound to gold. But this was more of a sentiment recovery and not enough to completely reverse market concerns about the future policy path. Looking ahead to August, the focus on gold prices may gradually shift from the Federal Reserve to the situation in the Middle East. Whether geopolitical risks continue to escalate will directly affect changes in safe-haven sentiment and may become an important variable in determining the next direction of gold prices.
From a technical perspective, the Bollinger Bands on the daily chart continue to narrow, and the market is still in the process of choosing a direction. Before the large range of 4200-3960 is effectively broken, it is not advisable to be overly bullish or bearish. Range-bound trading remains the main operating rhythm of the current market. From a 4-hour chart perspective, the high of 4116 this week has not been effectively held. After falling back under pressure on Friday, it touched a low of around 4020 before stabilizing and rebounding, which is basically in line with our trading expectations. We are still holding long positions and will continue to focus on swing trading and compounding strategies in the short term. Next week, pay close attention to the resistance zone of 4100-4120 and the support zone of 4020-4000. Before a breakout from this key range, it is still recommended to maintain a strategy of buying low and selling high within the range, and patiently wait for the market to give a clear direction.
From a technical perspective, the Bollinger Bands on the daily chart continue to narrow, and the market is still in the process of choosing a direction. Before the large range of 4200-3960 is effectively broken, it is not advisable to be overly bullish or bearish. Range-bound trading remains the main operating rhythm of the current market. From a 4-hour chart perspective, the high of 4116 this week has not been effectively held. After falling back under pressure on Friday, it touched a low of around 4020 before stabilizing and rebounding, which is basically in line with our trading expectations. We are still holding long positions and will continue to focus on swing trading and compounding strategies in the short term. Next week, pay close attention to the resistance zone of 4100-4120 and the support zone of 4020-4000. Before a breakout from this key range, it is still recommended to maintain a strategy of buying low and selling high within the range, and patiently wait for the market to give a clear direction.
トレード稼働中
This month has come to a successful close, with overall positive results. Congratulations to those who have followed along! Long-term profitability in trading isn't as complicated as it seems. Many people believe that the more analysis, the more indicators they use, and the more information they consult, the higher their win rate will be. In fact, too much information only makes trading hesitant and increasingly confusing. Not only will it make you miss the best entry point, but it will also increase the probability of losses. Traders who are truly profitable in a stable way all have one thing in common: they use simple methods to do one thing to the extreme. Find a trading rhythm that suits you, stick to a fixed strategy, focus on high-probability signals, and consistently execute entry, take-profit, stop-loss, and risk control. Don't be disturbed by market noise, and if you persist in this long term, profits will naturally accumulate. This month's market volatility was high, but we always adhered to our trading logic, avoiding chasing highs, selling lows, and emotional trading, and ultimately delivered a satisfactory result. Trading is not about who knows more, but about who executes better. Simplicity, focus, and discipline are the core of long-term stable profitability. Thank you to everyone who trusted me. A new month has begun; may we continue to maintain our rhythm, seize opportunities, and steadily grow our accounts!トレード終了: 利益確定目標に到達
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