Intraday Trading Adjustments:
1. Closed a short position near 3470 (entry price: 3480), one of the lowest entry prices for a planned swing trade, locking in a profit of nearly 100 pips.
2. Closed a short intraday long position near 3491 (entry price: 3478), locking in a profit of 130 pips.
3. Immediately after closing the long position, added another short position near 3491, still planning a swing trade.
Current Position (Swing Trading Plan):
I continue to hold short positions with entry prices near 3493, 3505, and 3491. For swing trading, the first target area to consider for a pullback is 3460-3450, followed by 3435-3425.
Market Analysis:
While gold has not yet seen a significant decline, it has shown initial signs of topping out. A double-top formation with 3508 as the apex and 3495 as the secondary apex may form a significant resistance level in the short term, prompting a further pullback in gold. According to the current structure, as long as gold remains below 3595, it will help to successfully establish a double top structure; in addition, DXY has a need to continue to rebound in the short term, which is not conducive to the continued rebound of gold to a certain extent, and has a certain suppressive effect on gold.
Therefore, at this stage, I will continue with the swing trading plan and hold the above short positions. The primary target of the retracement is considered to be the 3460-3450 area. If gold falls below this area during the retracement, it may even continue to the 3435-3425 area.
1. Closed a short position near 3470 (entry price: 3480), one of the lowest entry prices for a planned swing trade, locking in a profit of nearly 100 pips.
2. Closed a short intraday long position near 3491 (entry price: 3478), locking in a profit of 130 pips.
3. Immediately after closing the long position, added another short position near 3491, still planning a swing trade.
Current Position (Swing Trading Plan):
I continue to hold short positions with entry prices near 3493, 3505, and 3491. For swing trading, the first target area to consider for a pullback is 3460-3450, followed by 3435-3425.
Market Analysis:
While gold has not yet seen a significant decline, it has shown initial signs of topping out. A double-top formation with 3508 as the apex and 3495 as the secondary apex may form a significant resistance level in the short term, prompting a further pullback in gold. According to the current structure, as long as gold remains below 3595, it will help to successfully establish a double top structure; in addition, DXY has a need to continue to rebound in the short term, which is not conducive to the continued rebound of gold to a certain extent, and has a certain suppressive effect on gold.
Therefore, at this stage, I will continue with the swing trading plan and hold the above short positions. The primary target of the retracement is considered to be the 3460-3450 area. If gold falls below this area during the retracement, it may even continue to the 3435-3425 area.
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.