In yesterday's analysis, I clearly stated that today's market trend was expected to be similar to last Wednesday's: that is, after reaching its high, gold prices would encounter resistance and fall back, entering a period of correction.
The actual market developments fully confirmed the accuracy of this prediction. Based on this expectation, we entered a short position at the opening price of 3765 and continued to increase our short position when it rebounded above 3775. We also seized a short-term long opportunity during this period, achieving significant returns overall. For detailed operational details, please refer to the analysis reports I published on Wednesday:
Returning to the current market, I will briefly analyze today's trading strategy.
Based on the candlestick chart, the trend structure of the first three trading days of this week is highly similar to that of the same period last week, indicating that the market is still in a range-bound pattern. We expect the consolidation trend to continue today, with trading opportunities in both long and short directions. In the short term, we need to focus on the performance of the key support/resistance level of 3740. At present, I tend to wait and see, and then intervene when a clear signal appears during the trading session.
The actual market developments fully confirmed the accuracy of this prediction. Based on this expectation, we entered a short position at the opening price of 3765 and continued to increase our short position when it rebounded above 3775. We also seized a short-term long opportunity during this period, achieving significant returns overall. For detailed operational details, please refer to the analysis reports I published on Wednesday:
Returning to the current market, I will briefly analyze today's trading strategy.
Based on the candlestick chart, the trend structure of the first three trading days of this week is highly similar to that of the same period last week, indicating that the market is still in a range-bound pattern. We expect the consolidation trend to continue today, with trading opportunities in both long and short directions. In the short term, we need to focus on the performance of the key support/resistance level of 3740. At present, I tend to wait and see, and then intervene when a clear signal appears during the trading session.
Nota
I'd be honored if you agree with this idea! If you have your own opinions, please leave a comment in the comment section. I look forward to seeing your ideas and sharing them with you!Dagangan aktif
The gold price has broken through the short-term resistance level of 3740. All indicators have issued a long signal. I am planning to buy near 3740. Is there anyone who can follow my trading?
Patience is the hidden weapon of top traders.🚀
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Patience is the hidden weapon of top traders.🚀
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.