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Gold continues to be bought on dips
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Do you buy it?
Or sell it at a higher price?
The key is to understand that the stability of gold prices above $5,000 is supported by multiple factors: monetary policy, capital flows, and geopolitical crises.
Correct trend trading can only be done by waiting for a real pullback to occur and patiently waiting for the price to fall before buying.
Day trading advice:
1. Currently focusing on the gold support level of $5050-5070.
2. Trading suggestions:
Purchase price: $5050-5060
Stop loss: $5045
Take profit: $5100-5135-5150
3. Please be patient and wait for gold prices to fully stabilize and confirm the validity of the support range between $5,050 and $5,070 before buying using this strategy. Place your stop loss orders carefully. Follow market trends.
4. Temporarily give up the idea of short selling. This does not mean that short selling is unprofitable, but for now, short selling goes against the market trend and can disrupt your trading balance, affect your judgment and concentration, and ultimately lead to losses.
Gold prices have now reached unprecedented levels.
Risk aversion remains the main market driver. On the one hand, although negotiations between Russia and Ukraine are ongoing, border issues remain the main obstacle to an agreement. On the other hand, the United States and European countries have effectively severed ties over Greenland’s transit rights. While Trump has said he will not use force to resolve the issue, other disputes are weighing on markets. The most dangerous of these is the new round of U.S. pressure on Iran, which includes hints of a 25% tariff on countries that trade with Iran and the deployment of large numbers of troops in the Persian Gulf and the Middle East. Risk aversion drove gold prices sharply higher.
We will continue with our current trading tempo. I will publish 1-2 high quality trading signals every day. My channel is free for a limited time. If you have any questions, please leave a message and I will get back to you as soon as possible.
