Gold prices did not continue their upward trend during the day, but instead fell all the way down, currently trading in the 4700-4690 range. Although gold traded weakly during the day, it does not mean that there is a clear downtrend. The overall trend is still within a range and has not been completely broken. Moreover, the market is currently caught between "geopolitical anxiety" and "inflation concerns," and there are no conditions for a one-sided trend to form yet. However, relatively speaking, the bearish momentum is slightly dominant at present!
From the current structural pattern, gold is currently supported in the 4680-4660 area. As long as gold holds this support level, or even just the bottom line around 4640, the bulls still have a chance to gain momentum. However, there is significant upward pressure at present, with gold repeatedly being constrained by the 4740-4760-4780 area recently. But as gold continues to decline throughout the day, the short-term resistance has shifted down to the 4720-4740-4760 area.
Short-term technical support levels: 4680-4660-4640
Short-term technical resistance levels: 4720-4740-4760
Therefore, in short-term trading, I would prioritize shorting gold in the 4720-4740 range; if the gold rebound falls short of expectations, I might consider waiting for gold to retrace to the 4660-4640 range before attempting to go long.
From the current structural pattern, gold is currently supported in the 4680-4660 area. As long as gold holds this support level, or even just the bottom line around 4640, the bulls still have a chance to gain momentum. However, there is significant upward pressure at present, with gold repeatedly being constrained by the 4740-4760-4780 area recently. But as gold continues to decline throughout the day, the short-term resistance has shifted down to the 4720-4740-4760 area.
Short-term technical support levels: 4680-4660-4640
Short-term technical resistance levels: 4720-4740-4760
Therefore, in short-term trading, I would prioritize shorting gold in the 4720-4740 range; if the gold rebound falls short of expectations, I might consider waiting for gold to retrace to the 4660-4640 range before attempting to go long.
การซื้อขายยังคงดำเนินอยู่
Good news: The gold long position executed near 4642 according to the above trading plan has hit TP: 4675 as expected, successfully locking in a considerable profit. I'm glad that I strictly adhered to my trading logic today, choosing to execute a long position near the more advantageous price of 4642. This was a logical trading result. What's even more gratifying than making a profit is that my trading strategy has once again withstood the test of the market. It's great to witness this result with everyone. Congratulations!ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Gold continued its rebound after long positions hit TP, but overall, the upward momentum was weak, and there was significant resistance above. Gold may continue to fall after the rebound. Moreover, the bears have a slight advantage in the recent battle between bulls and bears, so I am inclined to try shorting gold after it rebounds to the 4695-4715 area!
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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน