How Much Upside Potential Is There This Week? Strategy Update

3 天前

Gold continued its upward trend. Despite the early closure of the US market on Thursday and Friday for Thanksgiving, and the technical glitch on Friday causing insufficient market liquidity and abnormal gold prices, our bullish momentum continued. Gold's sharp rise on Friday not only successfully broke through and held the key $4200 level but also reached a new high in nearly two weeks, providing a strong conclusion to the week. We repeatedly advised buying in the $4165-75 range, emphasizing the perfect buy-on-dips strategy, and gold ultimately rebounded as expected. You can check our historical recommendations to verify their accuracy.

News:

As the week draws to a close, market focus shifts to the upcoming "data deluge week." From Monday to Friday next week, major global economies will release a series of key economic indicators, the most anticipated being the US September Personal Consumption Expenditures (PCE) price index, to be released next Friday (December 5th). As the Federal Reserve's most important indicator for measuring inflation, this data will be released before the Fed's December interest rate meeting, and its impact is self-evident.

This Week's Gold Market Analysis:

Based on last week's closing price, we continue to focus on the 4185-95 support level at the open. Our strategy is to buy on dips that hold above this level, with the core strategy being to build positions in batches based on key support levels. Looking at the 4-hour chart, the key resistance level to watch is 4235-45; avoid chasing highs. This is the overall strategy, and we will update it again based on the specific market conditions at the open. Market fluctuations are normal; maintain a calm attitude towards rises and falls. Let's work together next week to flexibly and steadily pursue greater profits in this unpredictable market.

I focus solely on short-term trading and clear market analysis. In short-term trading, there is no market that rises or falls forever, only the right entry point at any given moment. Find the rhythm and follow the trend. This is the essence of trading. Currently, you must seize every opportunity to buy on pullbacks. If you cannot execute trades precisely, try my method: first test the market with a small position, then add to your position on pullbacks. This way, you won't miss any opportunities. If you need to recover significant losses or obtain precise trading signals, please contact me. There may be delays in article updates; you can find the channel entry here.

3 天前

交易進行

The gold market is currently experiencing a strong upward trend, with the breakout from last Friday showing continued momentum! On the daily chart, after breaking through the previous resistance zone, the price continues its upward trend along the short-term moving averages. During the Asian session, pay attention to the resistance around 4250-4260, which is the previous high. Support is seen at 4205-4215; trading can be done within these two ranges.

3 天前

交易結束：目標達成

Our buy recommendation above 4215 at the open has already yielded substantial profits. For gold, we need to pay attention to two support levels during the Asian and European sessions: the first is the minor support at 4212 (22-hour timeframe), and the second is 4206. If this level holds, we maintain a bullish outlook; if it reaches this level, we can buy in batches. The strategy has been updated again. If you need to recover significant losses or obtain accurate trading signals, please contact me. Let's work together to flexibly and steadily pursue greater profits in the ever-changing market!