Ten years of staying the course in the finance sector—delving into cycles and assessing market trends. We always adhere to objective analysis and rational interpretation, never to create anxiety or blindly hype. We break down the market with hard-core logic and use hands-on experience to deliver practical insights, sharing every day to help you calmly grasp the rhythm of the market Follow Dan⬇️ Chat room: ymib0v
8 wins and 2 losses! The market has been fluctuating repeatedly; seize the highs and lows, and go long and short with a 2500-dollar swing! (Currently 22k dollars!)
6 wins and 2 losses, a touch of red appears on the page again. The short position at 4398 unfortunately missed the rebound, down 766 dollars. (Currently 17.5k dollars)
$XAU Four straight wins, bought the dip on 4391, exited at 4410, 19 points, LoDai 3600 bucks! #US airstrike on Iranian oil tanker Tehran restricts the Strait of Hormuz
$XAU The rebound is only a correction during the decline, not a reversal signal! Shorting at different positions, 3 consecutive wins! Luodai 1.2w dollars!
$XAU 4469 short position take profit, 60 support effective, reverse at 4387 to go long, finally stop at 4422. This wave of both long and short gains, Luodai 124 points!
$XAU Cognitive concretization—yes, it’s pretty much like that! Gold is going to fall, not based on intuition. It’s because inflation, interest rates, the U.S. dollar, and technical indicators all point in the same direction at the same time.
A drop on the market is never without reason—news is the underlying driver. Waller said a bit hawkish; inflation improvement came in below expectations; and expectations for a September rate hike heated up—these are the direct triggers for this round of selloff!
$XAU August 28 Morning: Gold Price Trend Analysis At dawn, gold’s highest point touched the 4618 area, then met resistance and fluctuated until the close. Today’s opening saw the gold price fluctuate downward, once again breaking through the 4600 level and continuing to consolidate around it. We will continue to watch how the 4615–4620 area acts as resistance. Below, there is still room for a pullback and correction. On the downside, we will watch the support at yesterday’s low around 4565. The key focus is the important support zone at 4525–4520. During the day, we will trade within this range. If price is rejected from the resistance area, short positions can be entered.
From the 4-hour chart, to analyze the trend: On the upside, we focus on the resistance at 4615–4620. On the downside in the short term, we watch support at 4565–4570. The key focus is the support at 4525–4520. Technically, some pullback and adjustment is also necessary, but in terms of execution, we should grasp the opportunity within the range. Please be patient and wait for a chance to enter; make sure to follow updates in a timely manner.
Trading Recommendation: If price retraces to the 4610–4620 area, go short. Targets: 4580–4640–4580 (i.e., 4580–60–40).