Gold surged and then retreated, waiting to short at 1819.
Updated
How to maximize profit in real-time gold trading today?
The gold market in the US session has been unable to hold its ground, with clear signs of weakness in the long positions, and the market is struggling to advance. The price briefly surged near 1822 but was quickly pushed down, with three failed attempts to break the resistance level. Overall, the market is in a weak consolidation phase.
On the 4-hour chart, the price is still under strong pressure, and the K-line has not been able to touch the moving average, indicating resistance to further price increases.
Therefore, my real-time short-term trading strategy focuses on selling short. I recommend buying a short position near 1819, with a stop loss at 1826 and a target price at 1809, the support level where we previously entered long positions.
Investors can choose their own profit-taking points during the process of making profits based on their trading styles.
Please note that the above is only a short-term trading opinion. If there are suitable opportunities, I will notify promptly.
Liking, commenting, and subscribing are your biggest encouragement to me. Follow me and make trading easier! Also, feel free to check out my other ideas below.
XAUUSDXAUUSD
The gold market in the US session has been unable to hold its ground, with clear signs of weakness in the long positions, and the market is struggling to advance. The price briefly surged near 1822 but was quickly pushed down, with three failed attempts to break the resistance level. Overall, the market is in a weak consolidation phase.
On the 4-hour chart, the price is still under strong pressure, and the K-line has not been able to touch the moving average, indicating resistance to further price increases.
Therefore, my real-time short-term trading strategy focuses on selling short. I recommend buying a short position near 1819, with a stop loss at 1826 and a target price at 1809, the support level where we previously entered long positions.
Investors can choose their own profit-taking points during the process of making profits based on their trading styles.
Please note that the above is only a short-term trading opinion. If there are suitable opportunities, I will notify promptly.
Liking, commenting, and subscribing are your biggest encouragement to me. Follow me and make trading easier! Also, feel free to check out my other ideas below.
XAUUSDXAUUSDTrade active
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