We perfectly timed both our long and short positions in gold, exiting all positions with profits. Now that gold is rebounding again, we should avoid shorting again and patiently observe the resistance levels above, especially the 4100-4110 area. Whether gold can break through this resistance remains to be seen. If your current trading is not going well, and we hope to help you avoid common pitfalls, feel free to contact us for discussion!
Based on the current gold price trend, we should first focus on the short-term support area around 4050-4030, and the resistance area around 4100-4110. The overall strategy should be to sell on rallies within this range. In the middle range, it’s best to observe more and trade less, avoiding chasing the market. Wait patiently for key entry points. Specific trading strategies will be provided at the bottom; please pay close attention.
