Key Support Levels for Gold Prices: 4180-4185
Currently, gold prices are around $4187 per ounce.
Next Step: Rebound? Or Oversold?
We need to clarify the following points:
1. Last week, gold prices broke upwards near $4180-4185, with $4180 marking the start of an uptrend.
2. If gold prices fall below $4180 today, they may enter oversold territory, potentially falling by more than $100.
3. The price fluctuations within the $4180-4190 range indicate that both bullish and bearish forces have exhausted their strength. Only a significant increase or decrease in trading volume can reveal the true meaning of gold price movements.
4. Upward momentum has largely been exhausted; the market needs new drivers to move forward.
Current Long Strategy:
Buy: 4185-4190
Stop Loss: 4170
Take Profit: 4200-4250
Current Short Strategy:
Sell: 4190-4200
Stop Loss: 4220
Take Profit: 4140-4120-4100-4080
Strategy Summary:
Key Points:
1: Buying at the bottom has a higher cost-effectiveness ratio, while shorting incurs a lower cost-effectiveness ratio.
2: Win Rate: Long 30%; Short 70%
Many people may find this confusing, but it's simply a choice. Technical analysis can only help you determine what's in your favor; it cannot predict future outcomes.
What truly makes you money is whether your trading plan can overcome greed and fear and be strictly executed.
Consistently doing things with a high probability of success will make you money.
As a professional trader, I possess a complete trading system.
This is always a higher-dimensional analysis of human nature and its choices, rather than a technical analysis.
Currently, gold prices are around $4187 per ounce.
Next Step: Rebound? Or Oversold?
We need to clarify the following points:
1. Last week, gold prices broke upwards near $4180-4185, with $4180 marking the start of an uptrend.
2. If gold prices fall below $4180 today, they may enter oversold territory, potentially falling by more than $100.
3. The price fluctuations within the $4180-4190 range indicate that both bullish and bearish forces have exhausted their strength. Only a significant increase or decrease in trading volume can reveal the true meaning of gold price movements.
4. Upward momentum has largely been exhausted; the market needs new drivers to move forward.
Current Long Strategy:
Buy: 4185-4190
Stop Loss: 4170
Take Profit: 4200-4250
Current Short Strategy:
Sell: 4190-4200
Stop Loss: 4220
Take Profit: 4140-4120-4100-4080
Strategy Summary:
Key Points:
1: Buying at the bottom has a higher cost-effectiveness ratio, while shorting incurs a lower cost-effectiveness ratio.
2: Win Rate: Long 30%; Short 70%
Many people may find this confusing, but it's simply a choice. Technical analysis can only help you determine what's in your favor; it cannot predict future outcomes.
What truly makes you money is whether your trading plan can overcome greed and fear and be strictly executed.
Consistently doing things with a high probability of success will make you money.
As a professional trader, I possess a complete trading system.
This is always a higher-dimensional analysis of human nature and its choices, rather than a technical analysis.
Free signal group. t.me/+lae-YGZfoJ05NzVh
Professional gold trader, Master of Financial Management. Thank you for your attention, professional trading manager.
Professional gold trader, Master of Financial Management. Thank you for your attention, professional trading manager.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Free signal group. t.me/+lae-YGZfoJ05NzVh
Professional gold trader, Master of Financial Management. Thank you for your attention, professional trading manager.
Professional gold trader, Master of Financial Management. Thank you for your attention, professional trading manager.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.