XAUUSDGC1! As I expected, gold rebounded to the 3020-3030 area and then fell. Now it has touched TP: 3000, and our short order has hit the take profit.
XAUUSDGC1! Gold rebounded as expected. The long order we bought at 2970 has already touched TP3000. I will give the latest trading strategy for your reference later! Idea: Buy gold now, target 3000/3020…
XAUUSDGC1!MGC1! Yesterday, gold dipped to the 2950 support zone, still under bearish pressure. However, the market did not enter into an extreme one-sided sell-off. Instead, an intraday rebound suggested that short-term buying interest is beginning to emerge.
Following last week's and yesterday’s sharp correction, the 1-hour technical structure has started to show early signs of a potential bottom. While a retest of the 2960–2950 area in the near term cannot be ruled out, the broader price action now supports the technical conditions for a medium- to short-term rebound.
Currently, gold is stabilizing around the 2980-2960 level. Even if additional bearish pressure emerges, the maximum downside support is expected in the 2919–2888 range. This suggests a likely transition into a low-level consolidation and base-building phase, rather than a continued steep decline.
From a technical perspective, the 3100 zone is a key corrective target for this pullback. The market may gradually move higher to complete a structure recovery, offering a limited-risk, clearly defined opportunity for the bulls.
XAUUSDGC1! Idea: Buy gold now, target 3000/3020… Gold rebounded as expected, and the current price is 2985. Considering that it is about to close, and the recent volatility in the Asian session is very large, the uncertainty is too high, I am ready to take profits in advance, and everyone should try to take profits before the closing, after all, it is more reassuring to hold the profits in your own hands
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