Gold price jumped higher in Asian session. The short-term upper pressure is at 3375. Once it breaks, the upward route of bulls will be opened. The RSI indicator in the 1H chart began to retreat after touching the overbought area. Last night's high of 3360 is now a breakthrough, and the previous strong suppression is at 3350. This morning's Asian session was also broken and stabilized. Then 3360-3350 has changed from a suppression position to a support position. Therefore, the next position we should pay close attention to should be around 3360-3350. If it can fall back to 3360-3350 in the future, it is possible to enter the market to do more, but at the same time, it is also necessary to defend 3345. Independent trading requires a SL.
After we gave the trading strategy, the gold price retreated downward as expected, testing the lowest level at 3338, but did not stabilize below 3345, which is in line with our given trading strategy. Together with the VIP members, I also went long at 3360-3350 and increased my position near 33445. Currently, the gold price is consolidating near the 3360 line again. I also chose to close my position manually. Although there was a slight loss on the long position at the 3360 line, the overall long transaction was profitable. At the same time, we need to pay attention to the initial jobless claims data during today's U.S. trading session.
After being pulled down, the gold price quickly rebounded to around 3385, and the RSI showed a V-shaped reversal. It is not recommended to chase the rise at present. In the short term, pay attention to the upper resistance area of 3385-3395. If the gold price effectively breaks through this resistance area, it is expected to touch the 3400-3410 line. On the contrary, it encounters resistance and pressure at the 3385-3395 line, and may retreat to the 3370-3360 line in the short term.
Trading View
The trading ideas given in the group in the evening made us profitable again. All transactions are based on facts, and professional strength has won the trust of VIP members. The customer who came to me last week had an original account capital of $5,000.…
In the short term, the gold price trended back and forth and did not touch the TP 3370 line I gave. After paying attention to the market trend for a while, I think it may fall back to the 3380-3375 line in the short term, but the speed and strength of the decline are not as great as expected. I asked VIP members to change the TP of their short orders to 3380. Fortunately, the subsequent decline touched 3380 and fell to 3378. Although the profits we earned were not that much, even the profit and loss ratio of some of our orders was at a break-even level at 3380. But we are still satisfied with the overall trading results. At the same time, do you remember that I mentioned before that we helped VIP members double their accounts? I am very happy that I achieved this goal today, and it only took about a week this time. Now I want to celebrate. I will continue to release trading strategies later. If there are bros who are not sure about the market situation, you can leave a message and I will reply after seeing it.
The high of 3392 in the US market fell back for the first time to test the 3377 area to stop the decline and then tried again but failed to break through the 3400 integer mark. It can be seen that this position is very suppressed. The top and bottom conversion of 3377 has become the watershed for bulls to defend in the future market. 3400 is the short-term key pressure and the closing line has a long upper shadow K. If 3377 is lost, the price will fluctuate again. In the short term, focus on the 3390-3400 resistance on the upside and the 3377-3365 support on the downside.
The worsening geopolitical situation caused a surge in gold prices. The intraday short-term support points of 3420, 3402, and 3380 will all become key support for testing bulls. If the European session is strong, 3420 cannot be lost. If it falls back and loses, it will move closer to the top and bottom conversion position of 3402. If you go long later, you must pay attention to the weakening of the upward momentum. If the European session continues to break the high of 3440, then the US session can be seen around 3468-3493. If the upward momentum in the European session weakens, we need to watch out for a short-selling counterattack and a sharp decline. The geopolitical situation is unstable. Bros must strictly control SL when trading independently.
Trading View
The worsening geopolitical situation caused a surge in gold prices. The intraday short-term support points of 3420, 3402, and 3380 will all become key support for testing bulls. If the European session is strong, 3420 cannot be lost. If it falls back and loses…
The gold price retreated to test the support level below, and our long position has begun to make a profit. The recent geopolitical situation is not stable. Bros must strictly control the number of lots and trading points when trading independently.
At present, the market has broken through the previous long-term suppression level of 3400, and the gold price has continued to rise. As the key pressure level is broken, the pressure level will turn into support. We will focus on the gains and losses of the 3400 level during the day. If the gold price stabilizes above 3400, then today, Friday, it is expected to move towards the 3500 level. In the face of a strong trend, any small adjustments during the session are opportunities for us to get on board! If it falls back below 3400, there will be no more for the time being. The large channel and the small channel range will continue to look at sweeping
Trading requires not only patience and carefulness, but also a clear trading idea. Every transaction made by VIP members is a judgment of market trends based on years of trading experience. There is never a lack of opportunities in the market, but whether you can grasp the timing of each transaction and judge the timing of increasing or reducing positions requires learning.
What I would also like to share with you today is that it seems that some of you do not quite understand how to set the number of lots in your transactions. I would like to take this opportunity to answer VIP members' questions and also answer this question from everyone. The funds in your account and the account leverage determine how much risk you can take. Just like when some bros first came to me, they showed me their independent trading situation. They set 1 lot with an account of only $1,000. Do you think this is reasonable? Have you ever thought that your funds are relatively small, and you set a large number of lots. It seems that as long as you make a profit, you will make a lot, but have you ever thought about whether you can afford the result if you lose money? Some bros will even blow up their own accounts.
Trading View
What I would also like to share with you today is that it seems that some of you do not quite understand how to set the number of lots in your transactions. I would like to take this opportunity to answer VIP members' questions and also answer this question…
This is why I will first understand the account situation of each VIP member to set the corresponding trading lot for them. This is also why bros can see that I give some VIP members a strategy of 0.1 lots, while some VIP members are 0.3 lots, 0.5 lots...
Trading is not a joke. I can tell you responsibly that if you just see others making a profit and follow suit, the market will not take you seriously. If there are still bros who don’t know how to trade correctly, you can come to me, but be sure to tell me your true situation.
Trading is not a joke. I can tell you responsibly that if you just see others making a profit and follow suit, the market will not take you seriously. If there are still bros who don’t know how to trade correctly, you can come to me, but be sure to tell me your true situation.
In the short term, gold is expected to rise further. Relatively speaking, there is still room for further increase. If it continues to rise today, it depends on the test of 3440 points, which is the opening position of the previous decline. In the short term, pay attention to the 3340-3350 resistance. If it can break through and stay above it, the 3468-3493 line we gave in the morning can still be used as a reference, and it is even expected to reach 3500. But at the same time, the RSI indicator in the hourly chart is approaching the overbought area, so we still need to be vigilant about the possibility of a pullback.
Trading View
In the short term, gold is expected to rise further. Relatively speaking, there is still room for further increase. If it continues to rise today, it depends on the test of 3440 points, which is the opening position of the previous decline. In the short term…
Gold retreated as expected after reaching 3445, which was in line with the resistance range we gave. The overall decline was in line with trading expectations. The facts once again confirmed the correctness of our trading strategy.
Trading View
In the short term, gold is expected to rise further. Relatively speaking, there is still room for further increase. If it continues to rise today, it depends on the test of 3440 points, which is the opening position of the previous decline. In the short term…
VIP members enjoy priority. After sharing trading ideas with VIP members, clear trading points are given. The current gold price has successfully reached TP profit. Even those bros in the group who refer to free trading strategies can make profits. Our advanced trading vision once again confirms the correctness of our trading strategies and our judgment of market trends. Now I want to celebrate our victory again with VIP members.🥂
In the short term, 3345 formed a small double top suppression, and the hourly closing line had a long upper shadow line K. The price is currently in a volatile consolidation range of 3445-3400. The short-term bull lifeline focuses on the 3400 mark. Relying on the position not far above, continue to be bullish. The reference position for going long again is 3420-3407. Once the bull lifeline is lost at a high level, the price begins to adjust deeply, which means the arrival of a risk of a change in the market.
The current trading market is fluctuating within a narrow range, which does not provide us with an ideal trading position. The geopolitical situation has been changing recently, and the news is likely to have a certain impact on the trend of gold prices. In addition, today is Friday and it is close to closing, so I do not plan to continue trading. The main goal this week is to help VIP members successfully double their accounts. In the future, we will continue to help other VIP members achieve their respective profit goals. In short, we need to understand life besides trading. I plan to take my family out for a trip this weekend, and my bros should also relax. If you have any questions, please leave me a message. See you next week!