Gold Danger Zone: Stick to Shorts, Do NOT Chase the Highs!

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Gold Danger Zone: Stick to Shorts, Do NOT Chase the Highs!GOLD (US$/OZ)TVC:GOLDybjjtsTuesday's gold price movement was remarkably similar to yesterday's. Today's strategy remains the same: avoid chasing highs and focus on selling rallies. The immediate resistance level to watch is 4350-65; a short position can be attempted upon the first touch of this level. Gold Trading Strategy for Today: 1. Short positions can be attempted in batches at 4360 and 4430, with a 10-point stop-loss. The target is 30-50 points or more. Only one small position should be attempted upon the first touch of this level. 2. Long positions can be attempted with a small position around 4280, with a target of 30 points or more and a stop-loss of 8-10 points. Strict stop-loss orders are essential for any long positions. Only one long position should be attempted at this level; if the stop-loss is triggered, no further long positions should be entered. ~Currently, medium-term positions are suitable; avoid positions with a maximum profit of less than 10 points.