Regarding the movement of gold prices, this week we achieved accurate multi-dimensional forecasts through professional technical analysis and market logic research, accurately understanding the market rhythm and providing reliable guidance for trading operations.
First, our forecast of range-bound volatility was very accurate. At the beginning of the week, we predicted that if the gold price falls below the $4660 level, it will fall to the $4600-4500 range.
Mid-week, we clearly expected gold to fluctuate sideways within the $4,500-$4,650 range, and this week’s market action was completely in line with that expectation. Once the gold price broke below the $4,600 level, a clear downtrend was formed, and we could not think of buying, as the moving average system support was completely broken. Second, our judgment of short-term volatility and understanding of trading timing are remarkably accurate. We provide clear trading range limits daily, remind everyone to strictly control position size and take profits immediately.
Third, our assessment of the sustainability of the trend and key price levels is flawless. Our trading rules have been thoroughly validated by market price movements.
