To put it simply, today’s core logic is: don’t follow the trend blindly and chase breakouts, just honestly trade within the range.
The initial idea was clear from the start — gold showed obvious resistance pressure at high levels, so there’s no need to be greedy; just open a short position to test. Following the trend downward, the lowest point was precisely at 4306, fully realizing the profit potential of the short. Afterwards, at a key support zone, I decisively switched strategies, shifted to chasing longs, and the market followed the script perfectly, rising all the way to 4345, bouncing back and forth within the range. Overall, today’s move captured about $75 of the space.
Entering new positions now is quick and decisive, with reactions so fast that a small 10-point move can be captured almost instantly.
Markets come and go every day, but what’s truly valuable is whether your trading ideas can be repeatedly validated. Today’s operations serve as the best example.
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MevTears
· 12-17 19:49
It's the same old story again. When the market is in a range, you should trade within the range, but some people just have to chase breakouts. Serves them right for getting cut.
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OffchainOracle
· 12-17 19:47
Well, that's how the range market is. Those who follow the trend got cut, and being cautious is the way to go.
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POAPlectionist
· 12-17 19:46
This guy is right, trading within the range is the way to go, don't chase blindly.
NG, $75 doesn't seem like much, but the feeling of entering and exiting in seconds is really satisfying, way better than chasing breakouts every day.
Having a clear strategy is truly the foundation of making money; everything else is nonsense.
The move between 4306 and 4345 is a classic example of eating the body of the fish without the head and tail, the most comfortable operation.
The Fed's recent rate cut logic definitely supported gold, but there are many who are trying to catch the bottom around the middle...
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CryptoSourGrape
· 12-17 19:43
If only I were this decisive too, I'm still regretting it to my guts now.
#美联储降息 December 17 Gold Trading Review
To put it simply, today’s core logic is: don’t follow the trend blindly and chase breakouts, just honestly trade within the range.
The initial idea was clear from the start — gold showed obvious resistance pressure at high levels, so there’s no need to be greedy; just open a short position to test. Following the trend downward, the lowest point was precisely at 4306, fully realizing the profit potential of the short. Afterwards, at a key support zone, I decisively switched strategies, shifted to chasing longs, and the market followed the script perfectly, rising all the way to 4345, bouncing back and forth within the range. Overall, today’s move captured about $75 of the space.
Entering new positions now is quick and decisive, with reactions so fast that a small 10-point move can be captured almost instantly.
Markets come and go every day, but what’s truly valuable is whether your trading ideas can be repeatedly validated. Today’s operations serve as the best example.