With the week drawing to a close, let's review our trading performance. Overall, we've maintained a profitable trend. Since the market opened on Monday, we bought at the low point and the price of gold rose all the way up. We continued to buy on dips and the price continued to fluctuate upwards. Our trading strategy remained to buy on dips until the price approached the key resistance area and then entered a consolidation phase.
After a period of steady rise, gold prices have been fluctuating narrowly around previous highs recently, with the range of fluctuation gradually narrowing. Market expectations for a further rate cut by the Federal Reserve in December continue to rise, coupled with a positive outlook for geopolitical peace negotiations, which has boosted global risk appetite. Some funds have shifted from safe-haven assets to risk assets, putting some downward pressure on gold prices in the short term. Although the US economic data released this week showed a mixed picture, it did not significantly change the market's overall assessment of the monetary policy path. The structural discrepancies in the data reinforced expectations that the Federal Reserve would maintain its accommodative stance, causing the dollar index to fall to a one-week low and providing strong support for gold.
Considering the interplay of interest rate expectations, the US dollar exchange rate, and technical patterns, this round of price increases has strong fundamental support and a healthy structure. If subsequent economic data continues to indicate a slowdown in growth momentum, reinforcing expectations of interest rate cuts, gold prices may resume their upward trend after a pullback to test key support levels. However, we must be wary that uncertainties in geopolitical developments could trigger fluctuating market sentiment, thereby exacerbating short-term volatility.
Strategically, it is recommended to continue the approach of buying on dips. After the market opens, positions can be established in batches within the 4125-4150 range, with the first target at 4165; if the 4170 level is effectively broken, further upside potential will open up. The market is expected to break out of its current consolidation pattern on Friday and make a directional choice.
The above are my personal thoughts! If they are helpful to you or you agree with my ideas, please like and follow to support me! All strategies have a limited lifespan. While referring to them, it's also important to closely monitor market changes. I will respond flexibly based on actual market fluctuations, and I will provide specific updates in the channel!
After a period of steady rise, gold prices have been fluctuating narrowly around previous highs recently, with the range of fluctuation gradually narrowing. Market expectations for a further rate cut by the Federal Reserve in December continue to rise, coupled with a positive outlook for geopolitical peace negotiations, which has boosted global risk appetite. Some funds have shifted from safe-haven assets to risk assets, putting some downward pressure on gold prices in the short term. Although the US economic data released this week showed a mixed picture, it did not significantly change the market's overall assessment of the monetary policy path. The structural discrepancies in the data reinforced expectations that the Federal Reserve would maintain its accommodative stance, causing the dollar index to fall to a one-week low and providing strong support for gold.
Considering the interplay of interest rate expectations, the US dollar exchange rate, and technical patterns, this round of price increases has strong fundamental support and a healthy structure. If subsequent economic data continues to indicate a slowdown in growth momentum, reinforcing expectations of interest rate cuts, gold prices may resume their upward trend after a pullback to test key support levels. However, we must be wary that uncertainties in geopolitical developments could trigger fluctuating market sentiment, thereby exacerbating short-term volatility.
Strategically, it is recommended to continue the approach of buying on dips. After the market opens, positions can be established in batches within the 4125-4150 range, with the first target at 4165; if the 4170 level is effectively broken, further upside potential will open up. The market is expected to break out of its current consolidation pattern on Friday and make a directional choice.
The above are my personal thoughts! If they are helpful to you or you agree with my ideas, please like and follow to support me! All strategies have a limited lifespan. While referring to them, it's also important to closely monitor market changes. I will respond flexibly based on actual market fluctuations, and I will provide specific updates in the channel!
Patience is the hidden weapon of top traders.🚀
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
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.
Patience is the hidden weapon of top traders.🚀
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
🥇Free Strategy Guidance Channel🥇
t.me/Martin80808
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.