Gold → Oscillating pattern, short at high level

5 天前

Gold prices hit a record high of 3895 yesterday before retreating. Unlike previous declines, yesterday's retreat didn't offer the same swift rebound as before. As prices gradually climbed, nearing $600, a divergence in funds among bulls began to emerge. Some investors began to take profits, leading to short-term profit-taking and a short-term correction.

Regarding today's market trends, in the short term, we should keep an eye on support at 3853, a key support point mentioned yesterday. At this time, we should look at it from the perspective of strong fluctuations. That is, the possibility of breaking the high again is not high, so we should arrange the layout around the fluctuation range of 3895~3828. As further breaks above this high are unlikely, we should prioritize range-bound trading between 3895 and 3828.

Resistance levels: 3882, 3895

Support levels: 3853, 3828

For specific trading decisions, please follow my live updates. I will update my trading ideas and strategies daily. If you don’t have a plan or idea about gold trading and cannot achieve sustained and stable profits, you can refer to and follow my updated content as a reference and guidance to help you avoid mistakes.

5 天前

交易進行

If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.

5 天前

交易結束：目標達成

If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.