Gold Technical Analysis and Trading Strategy

20 hours ago

Gold Technical Analysis and Trading Strategy

🎯 Core Logic

Gold is currently maintaining an upward trend on the daily chart. The strategy is to follow this main trend and establish long positions based on key technical support areas. After reaching a new high, the price is undergoing a normal pullback and is currently testing the 4160-4165 range. This area represents a previous breakout platform and a short-term support/resistance level, forming initial support.

If the price retraces further, the 4140-4150 area will become the core defense line for the bulls. This range is supported by multiple technical indicators, including:

✨ Fibonacci 50% retracement level

📊 Daily moving averages

🌐 Bollinger Band middle line

When the price retraces to this level and shows signs of bottoming out, it is considered an ideal opportunity to add to positions!

💡 Trading Plan

🎪 Entry Area:

Initial long position with a small position size on the first pullback to 4160-4165.

Add to the long position on a pullback to the 4140-4150 range.

🛡️ Risk Management:

Stop-loss is set uniformly at 4136, located at the lower edge of the core support zone, effectively controlling risk.

🎯 Target Area:

Initial target is the previous high resistance level of 4200-4205.

Hold the position after a valid breakout, with further upside potential.

⚖️ Overall Assessment

This strategy is a trend-following trading plan. In an uptrend on the daily chart, positions are placed in batches at strong support levels, with clear risk boundaries and a reasonable risk-reward ratio. The effectiveness of the short-term bullish structure will be determined by whether the key support zone holds.

18 hours ago

Trade active

🎯 Gold US Session Analysis and Trading Strategy

📊 Market Review: After breaking higher during the US session, gold is currently consolidating at higher levels. The resistance level at 4210 and the support level at 4190 form a short-term trading range, and the market is entering a consolidation phase.

⚡ Technical Analysis

Price has formed a consolidation platform within the 4190-4210 range.

If it stabilizes and holds within this range, a breakout to the upside is expected over time.

Key Resistance: 4210 (Recent High)

Key Support: 4190 (Lower edge of the consolidation platform)

💡 Trading Strategy

Entry Area:

▶️ Enter long positions in the 4190-4195 range.

▶️ Add to positions if the price falls to around 4170.

Risk Control:

🛡️ Set a stop-loss below 4160.

Target Levels:

🎯 First Target: 4220

🎯 Second Target: 4245

🌟 Trading Logic
The current strategy remains to buy on dips, establishing long positions based on the 4190 support area. A breakout above 4210 will open up upside potential to the 4240 level. Strict risk management and phased entry are recommended.

💫 Friendly Reminder
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15 hours ago

Trade closed: target reached

🔥【Gold Long Positions Precisely Hit! 4190 Long Position Perfectly Hit 4220!】

📈 Market Review: Gold rallied strongly from the 4190 level as expected during the US session, reaching a high of 4225! Our long position at 4190-4195 perfectly yielded a profit of 20 points! 🎯

💎 Proven Strength:

▶️ Accurately predicted the effectiveness of the 4190 support level

▶️ Perfectly seized the opportunity to buy on dips

▶️ Clearly gave the first target of 4220

▶️ The actual market movement exceeded the target of 4225!

✨ Current Analysis: After breaking through the 4210 resistance, gold prices maintained short-term strength. If it retraces to the 4210-4215 range and stabilizes, the next target is still 4240!

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