Key Support Levels for Gold Prices: 4180-4185

Key Support Levels for Gold Prices: 4180-4185

Currently, gold prices are around $4187 per ounce.

Next Step: Rebound? Or Oversold?

We need to clarify the following points:

1. Last week, gold prices broke upwards near $4180-4185, with $4180 marking the start of an uptrend.

2. If gold prices fall below $4180 today, they may enter oversold territory, potentially falling by more than $100.

3. The price fluctuations within the $4180-4190 range indicate that both bullish and bearish forces have exhausted their strength. Only a significant increase or decrease in trading volume can reveal the true meaning of gold price movements.

4. Upward momentum has largely been exhausted; the market needs new drivers to move forward.

Current Long Strategy:

Buy: 4185-4190

Stop Loss: 4170

Take Profit: 4200-4250

Current Short Strategy:

Sell: 4190-4200

Stop Loss: 4220

Take Profit: 4140-4120-4100-4080

Strategy Summary:

Key Points:

1: Buying at the bottom has a higher cost-effectiveness ratio, while shorting incurs a lower cost-effectiveness ratio.

2: Win Rate: Long 30%; Short 70%

Many people may find this confusing, but it's simply a choice. Technical analysis can only help you determine what's in your favor; it cannot predict future outcomes.

What truly makes you money is whether your trading plan can overcome greed and fear and be strictly executed.

Consistently doing things with a high probability of success will make you money.

As a professional trader, I possess a complete trading system.

This is always a higher-dimensional analysis of human nature and its choices, rather than a technical analysis.