GOLD Waiting To Break? ? ?

٧ أكتوبر

From the technical perspective of gold, the weekly line recorded a small negative cross star, ending the previous three consecutive positive arrangements. The current price is between the upper track of the Bollinger Band and the short-term moving average, far away from the long-term moving average. Although the moving average system as a whole shows an upward trend, the red kinetic energy column shrinks and the upward kinetic energy of the MACD double line slows down, indicating that the price is still in the upward channel, but the upward momentum has weakened.

The daily chart shows that a small negative cross star was also recorded last Friday, and the price hovered below the short-term moving average. Although other period moving averages are still in an upward arrangement, the Bollinger Bands show signs of closing, the MACD double lines form a dead cross and probe downward, and the green kinetic energy column begins to appear, indicating that there is a need for further retracement and repair at the daily level.

On the four-hour chart, the current gold price is fluctuating in the range of 2630-2670. Although it is in a high-level oscillation area, the price is still above the moving averages, showing the resilience of the bulls. Although recent fundamental data has put some pressure on gold prices, potential geopolitical support factors still exist, and the market needs to repair technical indicators. If the geopolitical situation does not escalate further, the gold price may retreat in the short term. The lower support is first at $2,640, and the further support is in the range of $2,630-2,624. It may even fall below last week's low for a short time. However, considering that geopolitical risks may escalate at any time, the downside space and duration of the short position are limited, and it is expected that the gold price may rebound in the end.

On the whole, it is recommended that gold operations in the short term be mainly long on callbacks, supplemented by short on rebounds.
The upper short-term focus is on the 2667-2670 resistance range
The lower short-term focus is on the 2638-2640 support range

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Gold Trading Strategies

🎯Strategy 1: Gold Sell 2657-2660, stop loss 6-10 points, TP 2640-2645, break the position and look at the 2630 line✅

🎯Strategy 2: Gold Buy 2638-2640 , stop loss 6-10 points, TP2650-2655, and look at the 2660 line if the position is broken✅

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🔥Perfect🔥 DONE HIT 🎯strategy 👏👏👏
🔥Perfect🔥 DONE HIT 🎯strategy 👏👏👏
🔥Perfect🔥 DONE HIT 🎯strategy 👏👏👏

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It’s not difficult to make money in gold trading. As long as you master the correct methods and trading strategies, you can easily make profits!

The volatility of the gold market provides traders with many opportunities, but to really profit from it, you need to have the following points: First, develop a trading plan that suits you, including clear entry and exit rules. Second, maintain good fund management, set stop loss and take profit reasonably, and ensure that risks are always within controllable range. Finally, understand the dual analysis of fundamentals and technical aspects, and always pay attention to global economic trends, central bank policies, and geopolitical factors, which will directly affect the trend of gold prices.

In addition, emotional control is equally important. The market is often full of uncertainty, and emotional operations are prone to losses. Only by making every trading decision calmly and rationally can the success rate be increased. If you are not confident in your trading strategy or are confused about the market trend, don't hesitate to contact me at any time. I will provide you with professional guidance and help you develop a personalized trading plan to improve your profitability. Whether you are a beginner or an experienced trader, I will help you find the way to success in the gold market!

٨ أكتوبر

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Gold Trading Strategies

🎯Strategy 1: Gold Sell 2647-2650, stop loss 6 points, TP 2630-2620, break the position and look at the 2600 line✅

🎯Strategy 2: Gold Buy 2600-2602 , stop loss 6 points, TP2610-2620, and look at the 2630 line if the position is broken✅