Gold Miner Laoma Morning Gold Strategy: Focus on Buying Low, Follow the Trend

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The charm of trading lies in its ability to often exceed expectations, but what we need to do is to stay clear-headed and disciplined even when it does.

Market Analysis Review: Last night and at midnight, we focused on the key support level at 5180. The market indeed stabilized at this level and exceeded our expectations, with a strong rally that has now stabilized above 5200, reaching a high of around 5249. From the current trend, the bullish momentum remains strong, with prices steadily rising along the short-term moving averages. Although there is some short-term pullback pressure, the overall structure has not been broken. From a higher timeframe perspective, the bullish pattern of gold remains solid, and short-term corrections are more about gathering strength for an upward push rather than trend reversal.

Strategy and Direction Range: Currently, our operation continues to focus on buying low, with particular attention to the support levels below. The support zone is between 5210-5220. If a pullback to this zone does not break, consider setting up long positions, targeting 5240-5250, and further aiming at 5280-5300. The resistance zone above is at 5250-5260. If a rebound reaches this zone and faces resistance, consider a light short position, targeting 5230-5220. In operation, strictly control position sizes, set stop-losses properly, follow the trend, and avoid blindly chasing highs.

⚠️ Disclaimer: The above analysis is for personal reference only and does not constitute any investment advice. The market carries risks; invest cautiously and operate at your own risk.
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