Gold continued to fall, with bulls unable to mount a rebound!
https://www.tradingview.com/x/9KY0xftq/
The market is constantly changing; following the trend is key. When a trend emerges, act decisively; don't try to catch the bottom, or you'll suffer the consequences. Never act impulsively in trading. The market punishes those who defy it, so never hold onto losing positions. Many people know this all too well: the longer you hold on, the more panicked you become, unrealized losses grow, you lose sleep and appetite, and you miss many opportunities. If you're experiencing these problems, try following my approach and see if it brings clarity. If you need help, I'll be here, but how can I help you if you don't even reach out?
The Federal Reserve cut interest rates by 25 basis points, and Powell dampened expectations of further rate cuts, causing gold to fall in response. After opening, it dipped to a low of 3915, but the overall decline was limited, and the market briefly calmed down. The hourly moving averages for gold continue to show a downward trend, and gold has now fallen back below the moving averages. After yesterday's data release, gold surged to 4007 before quickly retreating, indicating that the bullish trend for gold has not yet taken hold. Our strategy is to sell on rallies, focusing on the short-term support level of 3915-20. If your current trading is not going well, and I hope I can help you avoid some pitfalls, feel free to contact me for discussion!
From the 4-hour chart, the current resistance level to watch is 3978-85, with a key resistance level at 4047-55. The short-term support level is 3915-20. Our strategy is to trade within this range, observing more and acting less in the middle of the range, and patiently waiting for key entry points. I will provide specific trading strategies during the trading session; please pay close attention.
Gold Trading Strategy:
Sell gold at 3978-3985, stop loss at 4009, target 3920-3915, hold if it breaks through.
Buy gold at 3915-20, stop loss at 3896, target 3977-85, hold if it breaks through.
The market is constantly changing; following the trend is key. When a trend emerges, act decisively; don't try to catch the bottom, or you'll suffer the consequences. Never act impulsively in trading. The market punishes those who defy it, so never hold onto losing positions. Many people know this all too well: the longer you hold on, the more panicked you become, unrealized losses grow, you lose sleep and appetite, and you miss many opportunities. If you're experiencing these problems, try following my approach and see if it brings clarity. If you need help, I'll be here, but how can I help you if you don't even reach out?
The Federal Reserve cut interest rates by 25 basis points, and Powell dampened expectations of further rate cuts, causing gold to fall in response. After opening, it dipped to a low of 3915, but the overall decline was limited, and the market briefly calmed down. The hourly moving averages for gold continue to show a downward trend, and gold has now fallen back below the moving averages. After yesterday's data release, gold surged to 4007 before quickly retreating, indicating that the bullish trend for gold has not yet taken hold. Our strategy is to sell on rallies, focusing on the short-term support level of 3915-20. If your current trading is not going well, and I hope I can help you avoid some pitfalls, feel free to contact me for discussion!
From the 4-hour chart, the current resistance level to watch is 3978-85, with a key resistance level at 4047-55. The short-term support level is 3915-20. Our strategy is to trade within this range, observing more and acting less in the middle of the range, and patiently waiting for key entry points. I will provide specific trading strategies during the trading session; please pay close attention.
Gold Trading Strategy:
Sell gold at 3978-3985, stop loss at 4009, target 3920-3915, hold if it breaks through.
Buy gold at 3915-20, stop loss at 3896, target 3977-85, hold if it breaks through.
Сделка активна
Gold's upward momentum is limited; closely monitor the pace of the decline.Сделка закрыта: достигнута тейк-профит цена
Congratulations on securing profits from short positions in gold at 3978-3985!
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
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Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.
Hey, everyone. I'm Yulia, a girl from Russia working as an analyst in New York, USA. I've been doing this job for 13 years. I have professional financial knowledge. I hope you like me.
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.