With the US session approaching, will it break through support?

Gold performed as expected today, experiencing wide-range fluctuations during the Asian and European sessions. The 4110 level we identified was a clear resistance, failing to hold after several attempts. Below that, the 4040-50 area held relatively well, becoming a support level for the day. Our precise timing at resistance and support levels resulted in profits from multiple trades this morning, including both short and long positions. These trades were conducted with everyone's witness; you can verify their authenticity by checking our historical posts. There may be a delay in article updates; you can find the entry point to view real-time trading signals.

Based on gold's price movements during the Asian and European trading sessions, its short-term performance appears relatively weak. Looking at the current chart, it's in a significant consolidation phase on the daily chart, currently in a correction phase with gradually lower highs. Today, we consider this a correction, with prices mainly fluctuating within a narrow range of 4080 during the European trading session. Today's market is experiencing weak and volatile trading, with a higher probability of a decline during the US session tonight. Our best trading strategy is to buy short positions at higher prices, as gold is likely to break through lower support levels in the near future if it continues to weaken. Aggressive traders can look for buying opportunities in the 4085-4095 range, initially buying with a small position and adding to it later.

I focus solely on short-term trading and clear market analysis. In short-term trading, there is no market that goes up or down forever, only the right entry point at any given moment. Find the rhythm and follow the trend. That's the essence of trading. Currently, you must seize every opportunity to buy on pullbacks. If you can't execute trades precisely, try the method I teach: first test the market with a small position, then add to the position on pullbacks. This way, you won't miss any opportunities. If you're truly unsure when, where, and how to trade, let's work together to flexibly and steadily pursue greater profits in the ever-changing market!

7天前

交易开始

Those who have read our two posts today should know that our predictions for support and resistance levels were spot-on, and those who followed have made substantial profits. The week has started perfectly. You can verify the accuracy of our historical recommendations by checking them. The US session saw another successful prediction: a short position bought at 4085 yielded a profit, with a rapid rise from around 4050, confirming the support level.

Gold has formed a head and shoulders bottom pattern on the 15-minute chart. It may continue to rise above 4080. Short entry points remain at 4088-98, with strong resistance at 4110-20. This is the overall strategy for the latter half of the US session. There may be a delay in article updates; please check the channel for real-time strategies.