Gold short-term attention to the upper resistance @2740-2743

Oct 24

🔸Yesterday, the daily gold line closed with a big negative line, showing a short-term peak signal. However, from a larger cycle, gold is still in a bullish trend, and the current decline has not changed the overall trend. From a technical perspective, only if it falls below the key position of 2680, gold may enter a weekly short market. Therefore, despite the large decline yesterday, the small rebound in the morning today is a performance of repairing part of the decline, but this is also the time for us to look for rebound short opportunities. The first target below is still set at around 2680. If the gold price continues to break this level, it is possible to further test the integer level of 2600.

🔸At the 4-hour level, gold rebounded after a round of decline. The short-term trend needs to pay attention to the pressure level around 2740, and it is expected that the high-level shock repair will be maintained during the Asian and European sessions. It is worth noting that 2708 is the acceleration line in the daily chart. This position has a strong support role. Once it falls below, gold may accelerate downward, but if it holds this level, it may continue to oscillate and consolidate. Therefore, although the overall trend is bearish, it is not advisable to over-pursue the short position. It is recommended to wait for the 1-hour chart trend to correct before entering the market. Another key pressure level is 2743, which is an important pattern resistance level. Once this level is broken, it may trigger a V-shaped reversal. We need to pay more attention.

🟢Overall, today's short-term operation strategy for gold is mainly to short on rebounds, supplemented by long on pullbacks.
🔴The upper short-term focus is on the 2740-2743 resistance range
🔴The lower short-term focus is on the 2705-2708 support range

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Oct 24

Trade active

🎯Strategy 1: Gold Sell 2740-2743, stop loss 6-10 points, TP 2725-2715, break the position and look at the 2705 line✅

🎯Strategy 2: Gold Buy 2705-2708 , stop loss 6-10 points, TP 2720-2730, and look at the 2740 line if the position is broken✅

⚠️The trend of the gold market may change rapidly, and the trading strategy may be adjusted in real time. Investors are advised to place orders carefully and manage account funds and position reasonably. If you have no sufficient confidence in the transaction, you can contact me at any time, and I will be patient with a professional perspective to provide you with guidance, and strive to help you achieve long -term and stable benefits.

Oct 24

Trade active

🔥As expected, the price of gold encountered resistance and pulled back near 2473. The short order we placed has made a profit of more than 12$ near 2730.

Oct 24

Trade active

🔥Perfect👏👏👏DONE HIT 🎯strategy 1
🔥Perfect👏👏👏DONE HIT 🎯strategy 1
🔥Perfect👏👏👏DONE HIT 🎯strategy 1