nickmc1020

Last Friday, gold prices plummeted by nearly 1,000 points. Our model issued a sell signal at 2337 on the 1-hour chart, and we immediately entered the market to sell. Subsequently, another sell signal was given at 2311 on the 2-hour chart, prompting us to increase our short position. Both positions were eventually closed profitably at 2295.Today's trading recommendation:Wait for the price to rebound to the 1-hour chart resistance level of 2316.5 and go short. If there is a valid breakout, switch to a long position.If the price rebounds to the 2-hour resistance level of 2331, go short. If there is a valid breakout, switch to a long position.Observe whether the price can drop to the daily chart support level of 2272, which should be a strong daily support level. It may be worth attempting a long position at this level.From the monthly chart perspective, the price is expected to remain mostly downward this month, with a low probability of breaking through the previous high.

Based on your description, here is a translation of your text into English:Last time, we exited our gold sell position (short position) with a profit at the 1-hour support level of 2343.This morning, gold gave a buy entry signal, and we entered the market at 2346, waiting for price movements. If the price rises, our profit target will be the 4-hour resistance level of 2369. If the price continues to fall, we will add more positions at the 1-hour support level of 2331.From the 1-hour and 2-hour charts, we can see that the resistance and support levels provided by this model are very clear and effective, especially when the price touches them for the first time.Therefore, it can be said that our model is quite useful, but how to operate it profitably still depends on experience and market sentiment.1-hour Support: 23312-hour Resistance: 23534-hour Resistance: 2369

Based on the information you provided, here is the translation:Yesterday, we exited our short position at the profit-taking point based on the support level given by the 1-hour chart. Now, as the gold price continues to consolidate at a high level, the resistance levels on the 1-hour and 2-hour charts remain valid. We need to wait for the price to rebound to the resistance level before entering a new short position. If there is an effective breakout, we should switch to a long position.1-hour resistance: 23522-hour resistance: 23604-hour resistance: around 2373As for the monthly chart mentioned a few days ago, today is the closing day. If there is no significant surge in the last trading day, it will form two long wicks, which indicates a potential for a larger price correction in the later period. This needs to be noted.

Last week, gold prices fell sharply. We stopped our long position at the support level and immediately entered a short position. Our 1-hour short position entered at 2393 and exited with a profit of 400 points. The 2-hour short position entered at 2380 and exited with a profit of 500 points. The 4-hour and daily charts are used to identify trends, resistances, and supports, but they are not considered as entry and exit signals.Today, gold is expected to hover around recent lows, waiting for the price to rebound to the resistance level given by the model before entering a new short position. If the resistance is effectively broken, we will switch to a long position.1-hour Resistance: 23512-hour Resistance: 23604-hour Resistance is temporarily located at: 2380Daily Support: 2271The monthly chart will end in a few days. If gold prices do not increase significantly before the end of the month, it will likely close with two long wicks, indicating a significant risk of a major correction in gold prices in the medium to long term, which requires attention.

The support at 2410 mentioned yesterday proved effective, and we have profited from our long position and closed it at 2428.Today, gold is expected to continue to maintain a high-level fluctuation, but due to its firm price, it is recommended to remain cautious and avoid going short. Instead, we should wait for the price to fall back to the support level before entering into a long position.1-hour support: 24102-hour support: 23954-hour support (temporary): 2380When investing in forex, especially gold, we must have a quick but well-founded mindset. Avoid making blind decisions.

Yesterday, gold prices repeatedly hit new highs, peaking at 2450, and then retreated, falling precisely to the 1-hour support level of 2410 in our model. After that, it continued to rise by 250 points. We executed multiple buy orders at the support level and made a profit of 200 points.Today, gold prices continue to adjust, and they have now fallen back to near the 1-hour support level of 2410 again. We choose to continue buying. If the support level is effectively broken, we should not rush into selling. Instead, we will wait for the 2-hour support level of 2394 to execute more buy orders.Our current strategy for gold is to buy on dips, but we should not guess blindly where the lows will be. We should strictly follow the support levels given by our model.1-hour Support: 24102-hour Support: 23944-hour Support (temporarily): 2380

After the US data was released last night, gold did not rise but fell, hovering near its recent high. It reached a one-hour support level near 2370, which was also the one-hour support level we mentioned yesterday, and then rose by 130 points to a maximum of 2383. We made a profit of over 100 points at this position.Today, it is expected that gold will continue to fluctuate at a high level, and with the weekend approaching, the possibility of a decline is greater than a rise. We recommend that you continue to buy on dips and wait for the price to fall back to the support level before making a long position.The 1-hour support remains unchanged at 2370.2-hour support: 23604-hour support: 2350Please wait patiently for the price to fall back.

Hello guys, my name is Nick, from today onwards, I will be sharing my insights in two languages, hoping that you will enjoy and follow my posts. i have been in the trading industry for 17 years, I have developed a trading model that can generate stable profits, achieving a maximum of 170% in a year and averaging over 30% annually. The key advantage of this model lies in its high efficiency in identifying support and resistance levels, with an accuracy rate of over 70%. I warmly welcome everyone to join me in discussing and exploring this further.After the CPI announcement yesterday, gold prices initially rose, then fell, and subsequently rallied again to break through previous highs.Today's strategy remains buying on dips, but we cannot rule out the possibility of a price pullback due to profit-taking by bulls.The model's support levels have been updated again:1-hour support: 23702-hour support: 23554-hour support: 2340At this stage, if you are not an aggressive trader, it is not advisable to go short lightly. Wait for the price to fall to the support level before entering the market.Someone asked me what to do if the price goes up again without reaching the support level. My answer is to continue waiting and not rush into the market. Oftentimes, staying out of the market is a blessing.I don't think the price will break through the historical high of 2430, as the fundamentals are not strong enough. Although yesterday's CPI data was favorable for gold, it is not enough to prompt the Federal Reserve to accelerate its interest rate cut plans. The current rally is a market reaction, and the market will eventually return to a calm period after this reaction.In the long run, gold prices are still expected to rise, but the time is not yet ripe, and a correction is needed.