Gold prices fluctuated throughout yesterday, breaking through the intraday high in the evening and reaching near the previous high again, ultimately closing positive on the daily chart, essentially at the highest price. During the Asian session, prices rose another $30, touching around 4046, before slightly retreating. Judging from the recent trend of gold prices, the price has been fluctuating and neither the bulls nor the bears have been able to sustain their gains. Gold prices have once again reached high levels. After several rounds of fluctuations of 150 points each, the current support and resistance levels are quite clear. Gold prices are oscillating between 3900 and 4050.
This adjustment and reshuffling is a good thing. It gives those who missed the boat a chance to get on board, and it also slaps those who chased the highs in the face. The game between bulls and bears is itself an extension of the consensus of emotions.
Gold prices extended their rebound, returning to $4,050. This rebound was significant, recovering from a drop of about $500 to a gain of approximately $200. Whether this rebound represents a reversal depends on the weekly closing price. If the weekly candlestick closes as a doji, it indicates that the bulls remain strong. If the weekly candlestick continues to close negative, short-term consolidation and profit-taking will continue.
In volatile markets, both bulls and bears have opportunities; the key lies in the price level. If the Asian session rises, the European session retraces and breaks the low, and the US session surges, it's a bull trap. Once the high point appears, go short. Trading strategy: Sell gold on a rebound to 4015-4020, with a stop loss above 4045 USD, and target 3980-3960 USD on the downside. Watch for further downside targets at $3980-$3960.
This adjustment and reshuffling is a good thing. It gives those who missed the boat a chance to get on board, and it also slaps those who chased the highs in the face. The game between bulls and bears is itself an extension of the consensus of emotions.
Gold prices extended their rebound, returning to $4,050. This rebound was significant, recovering from a drop of about $500 to a gain of approximately $200. Whether this rebound represents a reversal depends on the weekly closing price. If the weekly candlestick closes as a doji, it indicates that the bulls remain strong. If the weekly candlestick continues to close negative, short-term consolidation and profit-taking will continue.
In volatile markets, both bulls and bears have opportunities; the key lies in the price level. If the Asian session rises, the European session retraces and breaks the low, and the US session surges, it's a bull trap. Once the high point appears, go short. Trading strategy: Sell gold on a rebound to 4015-4020, with a stop loss above 4045 USD, and target 3980-3960 USD on the downside. Watch for further downside targets at $3980-$3960.
Trade attivo
If the price breaks through 4050 during the European session and then retraces during the US session, we will go long.Trade chiuso: obiettivo raggiunto
The price has approached 4000 points. Congratulations to those who bought in following the signal; you've already made a good profit.I can't notify everyone, but if profits reach your expectations, you can close your orders at any time.Thank you all for your support and trust!
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Join my telegram channel for free t.me/GoldBitcoinSharing To follow the link, click on the globe icon on the next line
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.