Daily gold, pre-market thoughts (10/9):
(These daily gold views are only for personal chart analysis and predictions; they are not a basis for following trades. Trading involves risk—please prioritize risk!)
First, I’m not against the views of some friends who are bullish for the medium to long term;
However, for the short term, my view is: it hasn’t finished falling yet—there’s a possibility the market will go to even lower levels below 4065 to find a bottom.
Today, the main resistance above is around 4165, and the secondary resistance is around 4155;
You can test taking short positions at the two levels respectively;
Support below is at 4120, 4110, 4100, and 4080.
Yesterday’s price action was extremely volatile; today’s daytime session may continue the range-bound movement. Pay attention to timing and rhythm! $XAU
(These daily gold views are only for personal chart analysis and predictions; they are not a basis for following trades. Trading involves risk—please prioritize risk!)
First, I’m not against the views of some friends who are bullish for the medium to long term;
However, for the short term, my view is: it hasn’t finished falling yet—there’s a possibility the market will go to even lower levels below 4065 to find a bottom.
Today, the main resistance above is around 4165, and the secondary resistance is around 4155;
You can test taking short positions at the two levels respectively;
Support below is at 4120, 4110, 4100, and 4080.
Yesterday’s price action was extremely volatile; today’s daytime session may continue the range-bound movement. Pay attention to timing and rhythm! $XAU