Over the past two days, our swing-trading calls have been signaling shorts all the way from 4080. We’ve now seen a 180-point move—judge its value for yourselves.
Trade with the trend, walk alongside Chen Yang. Only when the tide goes out can you see who’s been swimming naked.
Gold has been fluctuating around the 3900 level during the daytime session, with prices moving within a narrow range near support. Bearish momentum has eased somewhat, but the rebound has been weak, and the overall trend remains bearish. Volatility may increase during the US session tonight. Avoid blindly chasing shorts at low levels. Focus on whether the 3900 level holds, and consider positioning only after a rebound to the resistance zone.
October’s market action was highly volatile, with 100-point one-way moves and extreme shakeouts proving especially damaging to positions without a sound trading system. Chen Yang has spent over a decade immersed in the markets. Every day, he reveals key price levels and risk boundaries in advance across the internet—no holding losing trades, no wishful thinking, and no stubbornly fighting the trend.
As November begins, a new monthly tiered plan is officially underway, tailored to the new structure following the major breakdown: Starting at 5,000: Pinpoint key intraday reversal levels and establish the initial rhythm within 2–3 trading days Advancing at 10,000: Target the primary trend swings and achieve step-by-step gains in market range within 3–5 trading days 30,000 and above: Build a core position around the larger-scale structure and extend the depth of swing trades within 5–7 trading days
Yesterday's gold recap ✅ We called for a bearish move around 4080 and rode the trend to capture a major swing, with prices steadily declining and delivering a total profit of 180 points. Short positions near 3970 later secured another 90 points, keeping firmly in step with the bearish market.
With the trend pointing down, we only short rebounds—no blindly trying to pick a bottom or guess a reversal. Trading with the trend makes it easier to lock in profits. Stay aligned with the trend; only those on the same wavelength can go the distance.
Plunges to a one-year low, then rebounds from the bottom—the market is extremely oversold!
Bearish news hit the market, while rising crude oil prices drew funds away. Gold and silver plunged overnight, breaking key levels. Gold fell as low as 3852, setting a one-year low. The short-term decline has temporarily eased, and the market has entered an oversold-recovery phase.
On the 5-minute chart, the MACD is showing an initial bullish crossover with a bottom divergence, while the KDJ has fallen into negative territory. Short-term oversold signals are clear. I don't recommend chasing shorts at the open—the risk is high. The market will most likely rebound first to test resistance at the breakdown level.
✅Trading idea: Consider shorting if the rebound encounters resistance in the 3890–3910 range. The initial target is 3860, with further downside targets at 3840 and 3780.
Publicly called out a short at the 3970 level, everyone. Those who followed in the evening caught a 90-point move. Continuing to look lower, with targets at 3850–3820.
Over the past two days, since 4080, I’ve been telling everyone to go short all the way. The market has now moved 180 points—judge the value for yourselves.
Go with the trend and walk alongside Chen Yang. Only when the tide goes out can you see who’s swimming naked.
The main trend in this round of declines is clear. After gold encountered resistance at the 4148 swing high, bullish momentum weakened while selling pressure continued, pushing prices steadily lower and forming progressively lower highs.
The market is expected to remain weak and range-bound this evening. The occasional small bullish candle during the session is merely a technical rebound within the decline and is likely a bull trap. Don’t be misled by a brief bounce into blindly chasing longs or trying to pick a bottom.
✅ Prioritize trading with the trend; look to sell rallies If the rebound into the 3965–3980 range meets resistance and weakens, consider entering a short position, with targets at 3940–3925.
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Yesterday’s Gold Review: The earlier short position around 4080 was closed, with the low reaching 4010 and a profit of 70 points realized. During the session, a long position was taken at 4040 and a short at 4060; both moves had room to run.
Technically, the overall bearish trend remains unchanged. The rebound is only a brief correction during the decline, with no reversal signal emerging.
On the 30-minute chart, gold has continued to decline from its previous high of 4066, touching a low of 3968 before rebounding slightly. Around midday, it pulled back and traded sideways near 3976.
The RSI is in the lower range and weakened again after the rebound. The MACD briefly showed red bars, with bearish momentum easing slightly, but both lines remain at low levels. This rebound is merely a correction within the downtrend and has not changed the overall weak outlook.
Near-term resistance is at 3991. If the price cannot hold above this level after rebounding, the market is likely to remain bearish. Pay close attention to support at the low of 3968.
参考策略: Buy on dips in the 3950–3970 range, targeting 4000–4030.