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Gold prices yesterday opened lower and fell further, with the low probing around 4110. The single-day drop was nearly $170, and the daily chart closed with a large bearish candle. Today’s market still has momentum to continue moving downward, but since price is nearing a key integer level, traders should watch for a second dip that does not break to new lows, followed by a rebound and range-bound consolidation.
From a purely technical perspective, resistance overhead should first be the early-morning high at 4150. Next resistance is the late-session rebound high around 4170. Intraday support should primarily be focused on the 4100 integer level. Once it breaks, the market will likely further test 4080. Strong support is expected around 4060; if price retraces into this area, it may present an opportunity to look for a “buy-the-dip.”
Morning trading plan: If the price rebounds to 4135 or 4155, place sell orders from resistance zones, targeting 4100, 4080, and 4060.
The above is only personal advice for reference and does not constitute an investment basis. Please refer to Cheng Jingsheng Shiyan’s trading plan for specific guidance! $XAU #XAUUSD
#黄金跌至4144美元 9 28 September 2024 Spot Gold Evening Analysis
Throughout the day, bearish sentiment continued to release. The price slid from 4280 all the way down, with the low probing to the 4140 level. The overall decline totaled 140 USD. After short-term oversold conditions, there was a slight corrective rebound, but the overall weak pattern has not changed.
From a technical perspective, the intraday high points keep moving lower, and the rebound strength has been limited. In the evening, the key focus is whether the price can break through the two resistance levels at 4170 and 4195. Only if it can effectively hold above the 4200 psychological integer level will bearish sentiment receive a substantive easing.
In the evening, the primary approach remains to look for selling opportunities on rebound from above, when the rebound reaches 4170 and 4190 and meets resistance, short positions can be considered. Targets are 4150 and 4130. If it continues to break lower, then observe how price behaves at the 4100 support level.
The above is only personal advice for reference and does not constitute investment guidance. Please refer to Cheng Jingsheng Shipan’s specific trading plan! $XAU #黄金跌至4144美元
#比特币跌破8.3万美元 Available spot silver moves in sync with gold to the downside. In the morning, the price started a sustained decline from around 64.1, then continued lower, reaching a low near 60.9. The overall drop amounts to 3.2 dollars. Silver’s volatility is greater than gold’s, and bearish momentum has been fully released.
In trading, do not blindly bottom-fish. In a one-direction weak market, respect the trend signals shown on the chart.$XAG #XAGUDT
$Successful verification of the morning overall bearish strategy; the market moved exactly as expected. The pullback began right at the open, and price kept trending lower until reaching the 4305 level. The market action perfectly matches the strategy that Lao Cheng laid out.
Trading is never about gambling on luck; it relies on the structure of the order book and patiently waiting for the market to play out. This round of price action once again proves the importance of moving with the trend.$XAU #XAUUSD
In the Asian session, price surged and then pulled back. The market’s rise and fall has its own rhythm. During trading, keep a calm mindset—don’t chase highs or sell into strength. Follow the structure and lay out positions calmly.
Geopolitical disturbances on the news front still exist. Bull and bear factors are pulling against each other, causing increased oil price volatility. Upward momentum is limited, and in the short term the market is stuck in a range-bound battle.
Purely from a technical perspective: after crude rose to the 92.416 area, it met resistance and fell back. On the 5-minute timeframe, bullish momentum has weakened, and the near-term trend has turned weaker. The key resistance zone is 92.40–92.60. If rebounds face pressure, you can take a short position in line with the move. On the downside, first look at the 91.10 support. If it breaks further, then focus on the 90.90 level. When the market stabilizes above 91.10 support, only then is there an opportunity for a short-term rebound.
For intraday trading, prioritize selling rallies and use buying on dips as a secondary approach. Participate at resistance levels during rebounds in line with the trend. Control position sizing reasonably, and put risk management first.
The above is only personal advice for reference and does not constitute an investment basis. Please refer to Cheng Jingsheng’s Shipan plan for the specific setup!$XAU #原油
Spot silver opened with a gap down and weakened in the Asian session. Market moves have been erratic—don’t get stuck on short-term gains or losses. Follow the trend; a rational setup is the long-term approach.
Fed hawkish remarks have continued to intensify, raising expectations for further rate hikes. The US dollar and Treasury yields have remained at high levels. Precious metals are under overall pressure; silver has weakened in tandem with gold, and downside momentum has been released to some extent.
From a purely technical perspective, after the market open silver saw consolidation followed by a downward move. In the short term, it stepped lower in stages, and the intraday bearish trend is clear.
For resistance, keep an eye on the 63.80–64.20 zone. If price rebounds into this area and faces pressure, you may consider placing sell orders in line with the trend. Downside targets to watch are 62.80 first, and if it breaks further down, focus on the 62.30 level. If price can hold above the 64.20 resistance, only then would the weak setup be somewhat alleviated.
For intraday trading, prioritize selling on rebounds, with occasional long entries on dips as a secondary approach. Enter short positions when the rebound meets resistance in the 63.5–64.2 area. Downside targets are 63.2, 62.8, and 62.3.
The above is only personal advice for reference and does not constitute investment guidance. Please follow the specific layout by Cheng Jingsheng Shiyan! $XAG #xag
Spot gold is being capped and trading in a consolidating-to-downward move. As the market’s situation changes rapidly, keeping a steady mindset is what helps you grasp the right measure between rises and falls. Trading is all about moving with the trend—don’t be stubborn against it.
In terms of news, the market has been swayed by hawkish remarks from the Federal Reserve. Officials have signaled the possibility of another rate hike this year. The U.S. dollar index and U.S. Treasury yields remain at high levels. Multiple external factors are suppressing upside potential for gold prices. Bulls lack sufficient re-attack momentum, so the overall sentiment is somewhat weak.
From a purely technical perspective, the rebound strength in gold is limited, and overhead resistance layers are pressing down one after another. For today, the priority is to adopt a high-sell (short) approach. Focus on the 4285–4300 resistance range. If the price reaches this zone and then meets resistance and pulls back, you can consider positioning accordingly to go short. On the downside, watch 4260 first, then a further probe toward 4235. If the downtrend continues, it may extend toward the 4210 area.
In terms of execution: shorts are the main focus, with occasional long positions as a supplement. Participate in rebounds in line with resistance areas. If price unexpectedly breaks above the resistance, adjust the short-term trading mindset accordingly.
Suggested plan: on rebounds near 4275 and 4295, consider short positions, with targets at 4255, 4235, and 4210.
The above is only personal advice and for reference purposes only; it does not constitute investment guidance. Please refer to Cheng Jingsheng Shipān’s specific layout!$XAU #XAUUSD
The market has been drifting and moving downward, with short-term bearish sentiment being released. However, the pace of the decline has slowed, so there is no need to blindly follow the trend to go short—take a rational view of a technical pullback.
Technically, looking at the intraday chart, the overall price action has formed a downward, slow grind. The overhead high-point resistance has been gradually shifting lower. The 1-hour candlesticks have closed in the red consecutively, the MACD green histogram has shrunk somewhat, and the downside momentum is weakening. In the short term, there may be a need for a corrective rebound. The larger time-frame structure has not fully deteriorated; it is still appropriate to respond with a “pull back to go long” mindset.
For tonight’s trading, the main strategy remains buying on pullbacks. If price retreats and stabilizes in the 4300–4285 support zone, long positions can be considered, with upside targets at 4325 and 4350. If 4285 is broken down decisively, wait for 4265 support to stabilize before taking longs in line with the trend. As the night session approaches, uncertainties increase—manage risk carefully, don’t rush to bottom-pick early. Wait for support confirmation before entering.
The above content is for technical discussion and sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng Shi Pan’s arrangement for the specifics!$XAU #XAUUSD
Silver has ample elasticity, tracking gold to break through the low and then rebound. After rising to a high, there has been a brief consolidation on the short term. However, upward momentum is still in play. Do not turn bearish too early just because of a minor pullback.
From a purely technical perspective, on the hourly timeframe, silver prices surged strongly from the low point at 64.56. After pushing up to 67.53 in the short term, prices faced pressure and pulled back. They are currently consolidating around the 67 level. The short-term support is 66.7, with stronger support at 66.2. On the upside, first watch resistance at 67.50; once price holds above it, further room can open up. The market is oscillating in a slightly bullish manner, with buyers in control.
For intraday trading, pullbacks with a preference for going long are the main approach. If price retraces and stabilizes in the 66.7–65.4 range, long positions can be considered. The upside targets are at 67.5; after a breakout, follow through to look for new highs. Silver is highly volatile—strictly control position size, do not chase, and wait for pullback opportunities.
The above content is for technical exchange and sharing only and does not constitute any investment advice. Please refer to Cheng Jingsheng Shipan’s arrangement for specifics! $XAU #比特币突破5月高点逼近8.6万美元