Midday provided the low-long (buy) idea. As expected, it rebounded right on target.
In the afternoon analysis, we focused on the support zone of 4350–4360 and placed a long at the current price in the 4350–4360 area (specifically 4360–4350).
The market also cooperated: after a low dip to 4356 and holding, it rebounded in a straight line, surging up to 4393—nearly reaching the first target range. The 20–30 points of profit went straight into our pockets.
That’s how the tape is: after a big drop, don’t blindly chase shorts. If the key support level is there, dare to buy it.
That long bearish candle scared a lot of people. They panicked and cut losses, while we stuck to the plan—holding support and buying the pullback—steadily capturing the rebound swing.
Don’t let intraday big bearish candles disrupt your mindset. Mark out support and resistance levels in advance; when price reaches the level, execute and that’s it.
For friends who followed along, you can take profit in batches. Only the profit you actually hold in your hand is real.$XAU
In the afternoon analysis, we focused on the support zone of 4350–4360 and placed a long at the current price in the 4350–4360 area (specifically 4360–4350).
The market also cooperated: after a low dip to 4356 and holding, it rebounded in a straight line, surging up to 4393—nearly reaching the first target range. The 20–30 points of profit went straight into our pockets.
That’s how the tape is: after a big drop, don’t blindly chase shorts. If the key support level is there, dare to buy it.
That long bearish candle scared a lot of people. They panicked and cut losses, while we stuck to the plan—holding support and buying the pullback—steadily capturing the rebound swing.
Don’t let intraday big bearish candles disrupt your mindset. Mark out support and resistance levels in advance; when price reaches the level, execute and that’s it.
For friends who followed along, you can take profit in batches. Only the profit you actually hold in your hand is real.$XAU