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Brothers, from now on, Yiming will shift from Bitcoin to gold and embrace a new main line!
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YimingBitvip:
Gong Zonghao: AA Yiming
Today, focus on the resistance zone around $5040.
If gold fails to break through this level, selling on rebounds remains an option.
Currently, long-term trading is not recommended; focus on short-term downtrends.
Gold trading strategy: primarily short at high levels, supplemented by buying at low levels.
Short strategy: sell gold in batches near $5030-$5040. Target price: $5000-$4980. If this level breaks, the next target price is $4950.
Long strategy: buy gold in batches near $4970-$4980. Target price: $5010-$5020. If this level breaks, the next target price is $5050.
Gold is currently fluctu
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Today, the key level that determines the overall trend is 4996.
As long as it holds above 4996, it can be viewed as a bullish pattern with target levels at 5030-5045.
Shorting gold in the 5048-5060 range is still possible, with target levels at 5010-5000.
If it breaks below 4996, the decline will continue to test the support levels I've marked at 4983-4968-4952, and could potentially lead to a significant pullback.
A break above 5080 could temporarily prevent sellers from entering the market.
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Gold in the early session suggests a light long position if it doesn't break below 4980. It rebounded from 4994 to 5029, this wave is another 35 point classical move!
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Gold 4-hour price is running repeatedly near the lower band. Yesterday's alternating large bullish and bearish candles occurred, and whether the early session can continue with small three-yang candles is key. The indicator is oversold, the main trend is bearish, and the secondary trend is weak bullish recovery. The strategy is primarily to sell on rallies, with key levels using light positions for short longs.
High shorts can target around 5074-5088-5100
If 4976-4980 is not broken, can short long; if broken, target 4930-4916-4906
4-hour close below 5070, second short entry point around 5087,
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Gold was mentioned in the evening that if the rise was blocked, it would look for a decline to 4938. Although it failed to pull back to the target given by Yiming, 5037-4974 is exactly a 63-point range!
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XAUT-0.38%
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3/16 Gold Summary
Monday opened with a strong start, capturing a total of $30,403!
Intraday volatility remained stable, and clear results were extracted from the alternating bullish and bearish trends; despite minor losses, timely stop-losses and directional adjustments successfully turned the tide.
The market is the best teacher, and also the fiercest crucible.
Persevere through it, and you'll understand that profitability is never about technique—it's about mindset!
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XAUT-0.38%
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Gold found support at 4096 and is currently near 5020. Watch the immediate resistance level at 5034; a breakout of this level will open the door for short positions in the 5020-5080 range.
Conversely, if it fails to break through, a shorting opportunity may emerge.
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Silver's key support level to watch is 77.8.
The key resistance level to watch is the 81.5-82 zone.
Avoid trading near the middle point. If price fails to break through the resistance level, consider selling.
If the support level holds, consider buying. Conversely, go with the trend and sell this trade.
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Today's market movement basically aligns with my weekend analysis.
Below is my current plan for gold trading on Monday:
Recent sharp fluctuations have caused many people to suffer losses. Traders should strengthen control and focus on entry points near support and resistance levels.
Direct resistance: 5034 - Liquidity zone: 5050-5080 - Strong resistance zone: 5130.
Direct support: 4996-4960 - Strong support: 4936.
Buy near support levels and set stop loss below the support level.
Sell near resistance levels and set stop loss above the resistance level.
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Silver had already hinted over the weekend that short-term bearish sentiment persists, and the strategy provided was bearish guidance, hitting the 78 target mark precisely!
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Recently, when it broke below the 5000 level, it fell to the 4850 area. The strategy also pointed out to short on rallies and buy on pullbacks, and both were precisely predicted by Yiming!
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Silver closed above 80. Significant resistance exists near 84-85.
Next week, silver price may test resistance near 84-85 USD again.
However, short-term bearish sentiment on silver remains.
If silver fails to break through resistance near 84-85 USD, it will retest support near 80 USD.
If it breaks below 80, the next support level will be near 76-75.
Strategy: Bearish on silver
Entry points: 84-83
Target points: 82-78
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