Gold 3780 can open short positions

14 hours ago

The gold price has now reached a key suppression point. The importance of this position has been mentioned in the previous trading opinion. A breakthrough will lead to further increases.
Despite this, I think today is not the best time for a breakthrough. There is a high probability that it will encounter resistance at this position and consolidate downwards, which will continue to wash out traders with weak wills. The upward breakthrough node can be paid attention to next week. Therefore, I plan to initiate a short position near 3775-3780.
Trading strategy: sell at 3775-3780.

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6 hours ago

Trade active

On the last trading day of this week, gold prices, as expected, fell from 3780 to close at 3759, a cumulative decline of approximately $20, bringing the week's market performance to a relatively satisfactory conclusion. This trend is in line with previous strategic expectations, reflecting the predictability of market operations and the effectiveness of strategy execution.

Looking back on the overall trading performance this week, I am very satisfied with the accuracy of this week's strategy. The results not only met my expectations but also earned high recognition from my followers.

Thank you all for your support! I wish you all a happy weekend in advance!