Three key points to watch today:
1. Position. Today's target is the 4200 area (previously, it started at 4000, then 4090, and yesterday was 4140).
The 4200 mark is today's early trading low. Using this as a dividing line, we're looking to sweep the $40 range above and below. A breakout will open up further opportunities.
2. Channel. The lower band of the channel overlaps with yesterday's low at 4140, while the upper band currently overlaps at 4220-4225.
Today's Asian session saw continued gains, breaking through the small channel range and extending gains by approximately $20 to 4242. However, after the breakout, the price fell back to 4203, retesting the previous high. If the market falls back into the channel, the support and resistance levels will shift again to the 4220-4225 area.
If it successfully holds above the support level, look for the 4200 area. If it breaks below, look for the 4180 and 4165 areas, with the 4145-4140 area exceeding the range.
Similarly, if it breaks above 4240, and the profit margin is halved according to the principle of equal distance, the next resistance level will be the 4270-4290 area.
3. Although the current result is an upward trend, the process has been characterized by significant ups and downs, with each initial move ranging from approximately $60 to $80.
So, regardless of whether you are long or short, regardless of the direction, at this moment, timing is more important than direction. Once confirmed, To determine a trigger, the first consideration is at least $60-80. Within this range, stick to one direction. If it's right, reap the rewards; if it's wrong, exit. Regardless of whether you're long or short, don't dwell on it.
The current market trend is extremely chaotic. In this chaotic situation, perseverance is more important than choice.
In summary, for gold today, Thursday, focus on the 4200 mark as a spatial boundary. From this boundary, we can see a range of $40 above and below.
Two key resistance levels: the upper limit of the 4220-4225 channel and the equally spaced upper limit of the profit margin at 4240-4242.
Using these two levels as resistance, we can see downward pressure on the price, looking for the 4200 area.
If it falls below 4200, Two key support levels are moving downward:
First, 4180, a support point that was repeatedly consolidated in the US market last night. Second, 4165-4160, the bottom of yesterday's sharp drop in the European market.
Of course, if the price does fall to the second support level, it will be easy to find the lower limit of the small channel at 4140, which is also yesterday's low.
Based on this idea, the European market price met expectations. Under pressure from 4242, a decline to 4203 helped to profit from the short position. The rebound continued, but the price slightly exceeded the range.
If the price exceeds the range, then the second confirmed high of 4242-4245 area is still a short position, with a stop loss at 4253 and a target of 4220-4200. If it falls below, look for 4180 and 4165.
1. Position. Today's target is the 4200 area (previously, it started at 4000, then 4090, and yesterday was 4140).
The 4200 mark is today's early trading low. Using this as a dividing line, we're looking to sweep the $40 range above and below. A breakout will open up further opportunities.
2. Channel. The lower band of the channel overlaps with yesterday's low at 4140, while the upper band currently overlaps at 4220-4225.
Today's Asian session saw continued gains, breaking through the small channel range and extending gains by approximately $20 to 4242. However, after the breakout, the price fell back to 4203, retesting the previous high. If the market falls back into the channel, the support and resistance levels will shift again to the 4220-4225 area.
If it successfully holds above the support level, look for the 4200 area. If it breaks below, look for the 4180 and 4165 areas, with the 4145-4140 area exceeding the range.
Similarly, if it breaks above 4240, and the profit margin is halved according to the principle of equal distance, the next resistance level will be the 4270-4290 area.
3. Although the current result is an upward trend, the process has been characterized by significant ups and downs, with each initial move ranging from approximately $60 to $80.
So, regardless of whether you are long or short, regardless of the direction, at this moment, timing is more important than direction. Once confirmed, To determine a trigger, the first consideration is at least $60-80. Within this range, stick to one direction. If it's right, reap the rewards; if it's wrong, exit. Regardless of whether you're long or short, don't dwell on it.
The current market trend is extremely chaotic. In this chaotic situation, perseverance is more important than choice.
In summary, for gold today, Thursday, focus on the 4200 mark as a spatial boundary. From this boundary, we can see a range of $40 above and below.
Two key resistance levels: the upper limit of the 4220-4225 channel and the equally spaced upper limit of the profit margin at 4240-4242.
Using these two levels as resistance, we can see downward pressure on the price, looking for the 4200 area.
If it falls below 4200, Two key support levels are moving downward:
First, 4180, a support point that was repeatedly consolidated in the US market last night. Second, 4165-4160, the bottom of yesterday's sharp drop in the European market.
Of course, if the price does fall to the second support level, it will be easy to find the lower limit of the small channel at 4140, which is also yesterday's low.
Based on this idea, the European market price met expectations. Under pressure from 4242, a decline to 4203 helped to profit from the short position. The rebound continued, but the price slightly exceeded the range.
If the price exceeds the range, then the second confirmed high of 4242-4245 area is still a short position, with a stop loss at 4253 and a target of 4220-4200. If it falls below, look for 4180 and 4165.
Trade attivo
David is always grateful for staying true to his original aspirations. I wholeheartedly treat every client who approaches me with my expertise, helping them profit, recoup their investment, and increase the value of their funds. My reputation depends entirely on the word of mouth from my clients, and my skills are honed through real-world experience. Even if the road ahead is bumpy, as long as you place your trust in us, we will do our utmost to guide you, maximize the effectiveness of your funds, and allow you to experience the joy of profit amidst market fluctuations!Trade chiuso: obiettivo raggiunto
Gold once again reached the resistance level we set and broke through to continue its upward trend.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
The road to success is not crowded. As long as you choose the right direction and follow the right team, you will be able to move forward.
t.me/david_456654
t.me/david_456654
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.