Vast Gold: Go with the flow, the bulls remain unchanged

The market changes endlessly, and following the trend is king. When the trend is clear, decisively follow it, and do not try to catch the bottom against the trend; trading should avoid acting on impulse; holding onto losing positions will only widen losses and lead to a collapse of mindset, ultimately missing out on good opportunities. If you are troubled by such issues, perhaps you can follow the rhythm, and you might see the light.

Yesterday, gold surged strongly, breaking through the 4400 mark directly with no pullbacks, reaching a high of 4497, and the bulls are in high spirits. A large increase doesn't imply a top; today, the strategy continues to focus on the bulls, only long positions, no shorts. The current market is a typical "squeeze", and taking short positions against the trend is like a mantis trying to stop a car. In terms of operations, either rely on pullbacks to follow the trend or wait for a correction before entering.

Considering the large increase yesterday, combined with the upcoming Christmas holiday, the short-term market is likely to slow down its pace, but under a strong pattern, deep corrections are hard to come by.

Today, pay attention to two key long positions:

Primary support at 4440-4445 (pattern support level), if it pulls back to this range, you can go long directly;

Secondary support near 4470, if there is a slight pullback during the day, this is also a short-term long opportunity.

Gold trading strategy

Go long at the 4440-4445 line, add positions at 4425-4430 on pullbacks, stop loss at 4417, target at 4500-4515, hold if it breaks through for 4560. $BTC #美联储回购协议计划