Gold lures shorts, mainly depending on the rebound.

4 天前

On Monday, the gold market rebounded. The root cause was that Trump sent tariff letters to 14 countries at one time. Even allies such as Japan and South Korea were not spared and were subject to high tariffs of 25% to 40%. This "extreme pressure" trade method instantly ignited the market's risk aversion sentiment. Funds poured into gold, pushing up gold prices. The market quickly saw through the "routine". On Tuesday, Trump extended the tariff deadline from July 9 to August 1. This delay was seen as a signal of "surrendering" under trade pressure, and trade tensions were eased. The safe-haven demand dissipated like a receding tide, and gold was sold off violently, plummeting by $35 in a single day, a drop of more than 1%, and the lowest fell to $3,287.2 per ounce.


On Tuesday, the price of gold showed a trend of rising and falling. It reached a high of 3245 in the morning and then gradually fell. It fell to 3287 and then stopped falling and rebounded. As it failed to break through the key resistance level of 3345 and the price continued to be unable to stand firm on the middle track, the bulls' rebound momentum was insufficient. Yesterday's daily line closed with a large Yin line in the engulfing pattern. This K-line combination indicates that the gold price may continue to fall today. The focus below is on the support strength near the lower track 3280. The upper resistance level needs to pay attention to the 3320-3330 range. Today's daily closing is crucial. If the real big Yin line continues to close, it may drive the Bollinger Band to open downward and further open up the downward space; if the closing can stand above 3330, the short-term downward trend may end and the market is expected to restart the rise. From the weekly perspective, the gold price showed an obvious oscillation pattern this week. After rising on Monday, it fell back on Tuesday. The bulls and bears fought fiercely but failed to gain a decisive advantage. Although the current market is weak, the price is close to the important support area. In terms of operations, it is recommended that under the premise of controlling risks, you can now pay attention to the opportunities to buy on dips in the 3295-3285 area.

4 天前

交易進行

Since we have come to the market, we must have the courage to fight the market. Cowardice will only make us retreat further. Only by moving forward bravely can we get what we want. Trading is tortuous and not so smooth. I think many people see through the beauty outside, but find out why the risks are always so great? Because they don't see the reality clearly! We can't change the risks of the market, but we can control the risks. Since I entered this market, I have always kept my original intention. Only by controlling the risks can we make profits, but as long as we can seriously grasp the opportunities and adhere to the correct trading logic, we can quickly turn losses into profits. Without a perfect system, once is a fluke, twice is also a fluke, and in the end, we will only face losses!

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4 天前

交易結束：目標達成

Brothers who follow the trading plan and go long on gold in batches, currently it is recommended to target the 3302-3306 area first. According to the bullish performance after the market is in place, you can flexibly choose: reduce positions and continue to hold and wait for further upward movement or close all positions to take profits, lock in existing profits, execute steadily, do not be greedy, a clear rhythm is the key.