$TON Last night, the whales pumped the price to lure in retail traders before dumping their bags. I'm firmly bearish, and with so much capital being unlocked at expiry, there's definitely a pump-and-dump happening. Let's see if it can break new lows. If it rebounds to 1.928, I'll take profits; otherwise, I'll just hold out for the new lows.
Gold prices are currently around 4563, below the upper edge of the previous consolidation range, indicating weak rebound momentum.
Key resistance level: 4580-4600, a significant consolidation zone during the previous decline and the short-selling trading range marked on the chart. If prices rebound to this area, selling pressure is likely to intensify again. $XAU
Key support level: 4460-4480, a strong support zone formed by previous lows and the primary target range for short sellers.
Overall assessment: The rebound is a technical correction within a downtrend. As long as prices cannot effectively break above 4600, the short-term strategy remains to sell on rallies, targeting the lower support zone. #PostonTradFi
#XAUUSD #GOLD Gold opened higher and continued to rise as expected. Numerous positive factors for gold provided upward momentum. Avoid blindly shorting gold in the short term. $XAU
Short-term gold trend: Bullish
Today's trading strategy: Buy on dips
We can wait for a pullback before entering the market.
We can wait for gold to pull back to around 4540-4550 before entering a long position. Aggressive traders can enter long positions around 4560.
Trade cautiously and wait for the right opportunity.
#XAUUSD #GOLD Gold is currently consolidating near the 4570 resistance level. Traders patiently wait for consolidation before looking for entry opportunities. $XAU
Are you waiting for a breakout above resistance to continue rising, or for a pullback to fill the gap?
The supply of $LUNC and $USTC is highly concentrated, with the top 100 wallets holding nearly 80% of both tokens. Meanwhile, staking remains low, reflecting that the ecosystem's direction is primarily controlled by whales. #LUNC
Gold and silver prices rose steadily after the opening, influenced by the US-Iran negotiations. $XAU
Short-term resistance is around 4570. The next key resistance is 4590-4610. You can establish a small short position when gold lingers in the resistance zone. #PostonTradFi Support is at 4480-4510. If the price fills the gap and successfully holds above support, the bullish trend will continue. Thank you for your support.