Is Gold's Movement a Normal Correction or a Downtrend?

前天

Gold's movement is in line with our expectations. Our operations last trading day were very successful; both long and short positions were profitable. We repeatedly reminded everyone not to chase the highs, as a correction was inevitable without a firm hold above $4260, a prediction that has proven accurate. Gold opened higher but then fell back, breaking below the previous trading day's low. This is partly due to the gradual digestion of expectations, and partly due to support from central bank interest rate cut expectations. Gold's overall trend remains bullish; the current movement is merely a consolidation within an uptrend, a correction to build momentum for further gains. It's important to avoid chasing the highs and observe the strength of the pullback.

The support level around 4200-4190 needs to be monitored. Only by holding this level can the bullish outlook continue. Key resistance levels to watch are 4225-35, with significant resistance around 4250. In this consolidation phase, the preferred entry point for long positions is around 4200-4210. Today's strategy is primarily to buy on dips, with selling on rallies as a secondary approach. I update my trading ideas and strategies daily. If you lack a plan or ideas for gold trading and are unable to achieve consistent and stable returns, you can refer to my updates. For real-time trading signals, please find the channel entry and contact me.

I focus solely on short-term trading and clear market analysis. In short-term trading, there is no market that rises or falls forever, only the correct entry point at any given moment. Find the rhythm and follow the trend. This is the essence of trading.

前天

交易开始

A great day starts with profits! We precisely timed our short position at the resistance level of 4225 and successfully sold it for a profit. Our long position near 4205 is currently also profitable. Those who followed our trades should pay attention to their position sizes. All trades today, whether short or long, were completed in front of everyone; this isn't just talk. Again, please note that there may be a delay in updating the article. Those who need real-time trading signals can find the entry point and contact me.

前天

交易结束：到达目标

For gold today, after failing to break through resistance, a pullback is inevitable. The focus should be on the strength and magnitude of this pullback. Currently, the key support level of 4180 appears to be effective, and it's also the initial entry point for long positions. Gold has now risen above 4207; only a rebound and recovery above 4230 in the US session can maintain the bullish trend. The recommended strategy is to buy short positions in batches between 4210 and 4220.