Before updating my views, I would like to remind all my friends again: the market is always full of possibilities. There is no so-called “highest point”, only higher possibilities. When the trend is clearly upward, going with the flow is the core strategy to achieve stable profits. Avoid trading against the trend or on an emotional basis, especially in the current volatile market environment. Trading without clear thinking and discipline can easily lead to unnecessary losses. For those who are still on the sidelines and haven’t yet developed an effective trading strategy, please follow my channel. We will continue to provide professional market analysis, comprehensive trading plans, and precise buy and sell instructions to help you better grasp the market’s rhythm.
Every recent pullback in gold prices has shown the characteristics of consolidating the foundation for the rise, with highs continuing to move up and bulls significantly strengthened. The current price is once again approaching the key integer mark of 3900, which is the second important integer mark price this week and also the core area of the game between bulls and bears.
Despite the strong performance of bulls, from a technical perspective, there is pressure from profit-taking on buying orders and psychological suppression of integer levels. In the short term, the possibility of gold prices effectively stabilizing at 3,900 during the day is relatively limited. Even if the upward trend remains strong, the market still needs to accumulate energy through periodic pullbacks. Based on the current trend analysis, it is expected that the gold price may hit the 3900 mark again, and may even briefly break through this level before falling back.
Based on the above analysis, it is recommended that today’s trading strategy can be to arrange short orders in the range of 3895 to 3905 by building positions in batches, and formulate a plan to cover positions in advance, while being alert to the risk of recurrence of short-term market wash-out.
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