Don't chase the rise when it's bullish, go short at 4000

4 hari lalu

#XAUUSD XAUUSD

The continued rise in gold prices is primarily due to the market's continued bullish signals, primarily driven by the US government shutdown, continued gold holdings by central banks, and tariffs and geopolitical factors.

The current gold pullback is focusing on the support level of 3950-3940. As long as this area is not broken and gold is in an upward channel, the price of gold will continue to rise. Moreover, according to the previous gold trend patterns, it can be found that every time gold continues to rise and breaks through a new high, it will touch the channel pressure and there will be a pullback of about $70-80 to accumulate energy. According to this trend pattern, combined with the rising channel of our chart, we can find that the next suppression point is at 3990-4000.

Overall, the medium- and long-term trend for gold remains bullish, but we still need to be wary of possible technical corrections in the short term. Therefore, when it retreats to the 3950-3940 range during the day, you can consider going long on gold. When it rebounds and touches the channel pressure of 3990-4000, you can try to short gold with a light position.

4 hari lalu

Dagangan aktif

Patience will always bring you rewards. Going long from 3945 to 3970, I think this is a very good profit. All those who keep up with the trading rhythm will have ideal returns.

4 hari lalu

Dagangan ditutup: sasaran tercapai

Short selling has also ushered in good gains. Congratulations to all friends who refer to my ideas. More real-time updates are below.