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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
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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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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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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Next week, the market may enter a consolidation and base-building phase, which means the medium-term uptrend has not yet completely reversed.
Spot gold is expected to trade within a core range of $4,850 to $5,060 next week.
Early next week, gold prices may continue to consolidate weakly, with a focus on testing the $5,000 support level.
If this support level holds, gold prices are expected to gradually rebound and test the resistance zone between $5,050 to $5,100.
Conversely, if gold prices break below $5,000 during the trading session, they may further decline to the $4,850 support line.
Over
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Friday Asia-Europe Trading Trend Analysis:
( Buy on dips above 5105 ) Bullish targets: 5123-5138-5152
( Sell on rallies below 5090 ) Bearish targets: 5077-5062-5040
As long as price maintains above 5090, the market can be viewed as in an uptrend. Yesterday's decline attracted many bottom fishers, leading to today's rebound. A breakout above 5152 is likely to bring further gains.
Breaking below 5090 indicates a possible wave of profit-taking, therefore selling on rallies is advisable. Breaking below 5040 is likely to extend the downtrend.
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Recently written in the evening, it was clear and straightforward, right? Can it be described with the word "precise"? Mentioning breaking below 5100 and looking toward 5067-5047, the analysis was once again perfectly validated!
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Friends who have been paying close attention to my articles should have already seen good returns. A midday update: the silver market is gradually recovering, successfully rebounding from 84.369 to 87.072, gaining 2.703 points!
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