Gold opened strongly higher; can it break through 4200 today?

hace 17 horas

After two days of range-bound trading, gold's overall upward trend remains unchanged. The rapid rise at the Asian open indicates that bulls are eager to push higher, and gold is still in the bulls' favored position. Pullbacks during the Asian session should be used as buying opportunities. The current upward trend, technically, favors buying on dips. Buying in batches around 4155-65 is a good strategy, as gold formed strong support around 4140 yesterday.

The Asian session opened with a strong upward surge, breaking through the 4180 resistance level, which had been tested multiple times without success. This significant rally has allowed gold to stabilize above 4180, and the bulls may accelerate their advance, potentially reaching 4200. While the overall trend remains bullish, buying on dips is still the main strategy. However, considering the likelihood of a sharp rise followed by a fall, and the fact that the 4200 psychological level won't be easily breached, it's advisable to consider lightly buying short positions in batches around 4190-4200 during the Asian session.

The previous trading day saw relatively little price movement, with only four orders executed. Despite the limited number of trades, both bulls and bears profited. You can verify the accuracy of our historical recommendations by checking them. Today's gold price action will provide more opportunities for trading. As you know, we update our strategies daily. Due to the potential delay in this article, if you lack a gold trading plan or strategy and are seeking consistent and stable returns, you can find the channel entry to contact me for real-time trading signals.

I focus solely on short-term trading and clear market analysis. In short-term trading, there is no market that goes up or down forever; there are only correct entry points in the present moment. Find the rhythm and follow the trend. This is the essence of trading. Currently, you must seize every opportunity to buy on pullbacks. If you are unable to execute trades precisely, try the method I teach you: first test the market with a small position, then add to your position on pullbacks. This way, you won't miss any opportunities. If you need to recover significant losses or obtain precise trading signals, let's work together to flexibly and steadily pursue greater profits in the ever-changing market!

hace 15 horas

Operación activa

Once again, our prediction was successful. Gold reached a high of around 4193 before encountering resistance and pulling back. Our short entry point was also at this level, and those who followed our advice are now making substantial profits. The current price is around 4183. Please pay attention to your positions. I want to reiterate that gold is currently in an uptrend, and taking 4200 is only a matter of time. In terms of trading, do not chase the highs; buying on dips remains the main strategy. Next, we can buy long positions in batches between 4163 and 4173.

hace 10 horas

Operación cerrada: objetivo alcanzado

Today's market movement was in line with our predictions. The market opened higher, and although it was in an uptrend, we precisely timed our short position at 4190. The reasons have been explained to everyone: the Asian session saw a sharp rise, and the European session was expected to see a pullback. We repeatedly warned against chasing the highs. These suggestions were made after everyone witnessed the market action; they weren't hindsight. I sincerely hope everyone reads my articles so we can work together to flexibly and steadily pursue greater profits in the ever-changing market! Our long position at 4163 has already begun to be bought in batches.