Currently, the gold price is in a pattern of wide-range fluctuations in the short term. The resistance at 3340 above is quite prominent, and the key support level below is at 3260. During the recent volatile market conditions, it is crucial to rein in the impulse to chase rising prices and sell in a panic when prices drop.
In terms of trading operations, it is recommended to adopt the strategy of selling high and buying low within the range of 3270-3360. Do not chase long positions when the price is above 3340, and you can initiate short positions when the price rises. When the price is below 3280, do not chase short positions, and you can buy at lower prices during pullbacks. If the price effectively breaks below 3260 and stabilizes, it should be seen as a medium-term signal for going long rather than a time to exit with a stop loss.
Overall, gold still needs to digest the adjustment pressure in the short term, but the risk of a trend-driven decline is limited. It is advisable to be patient and avoid taking heavy positions to bet on the market direction. You can make trading decisions after the market direction becomes clear.
XAUUSD
sell@3330-3335 tp:3315-3310
buy@3305-3310 tp:3325-3330
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
In terms of trading operations, it is recommended to adopt the strategy of selling high and buying low within the range of 3270-3360. Do not chase long positions when the price is above 3340, and you can initiate short positions when the price rises. When the price is below 3280, do not chase short positions, and you can buy at lower prices during pullbacks. If the price effectively breaks below 3260 and stabilizes, it should be seen as a medium-term signal for going long rather than a time to exit with a stop loss.
Overall, gold still needs to digest the adjustment pressure in the short term, but the risk of a trend-driven decline is limited. It is advisable to be patient and avoid taking heavy positions to bet on the market direction. You can make trading decisions after the market direction becomes clear.
XAUUSD
sell@3330-3335 tp:3315-3310
buy@3305-3310 tp:3325-3330
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
Trade active
This market is so cruel, I hope you can break through the siege.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+yWjb0JJb8NA3YzFk
t.me/+yWjb0JJb8NA3YzFk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+yWjb0JJb8NA3YzFk
t.me/+yWjb0JJb8NA3YzFk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.