CFDs on Gold (US$ / OZ)
Short
Updated

XAUUSD: What to do with order stop loss? Follow me.

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Ordinary players: It's over. I woke up and found that the long XAUUSD order was stopped. What should I do?
Me: Isn't it enough to make money back?
Ordinary people: What should I do?
Me: Just continue to short around 2895!

During the early morning trading, the gold price only rose slightly by about $5. After reaching the 2920 position, it did not stabilize and then fell rapidly. This was unexpected. Fortunately, the stop loss was set, so our long order only lost about 10 points.

After waking up, I made a decision directly. Continue to short XAUUSD. Sell at 2900-2895. The shorts continued to exert force, and the longs were weak. In the end, it didn't last long before the gold price reached my target value of 2880. Achieve the process of perfect recovery of losses.

So stop loss is not terrible. Only one order is enough to bring followers to recover losses. But it must be able to allow followers to expand profits for a longer time. I think this is also the reason why some followers continue to follow me. It is also the reason why they join the analysis circle. They are looking for me. Not just a trading signal.

Currently, the gold price is hovering around 2980. There is some small support here, but today's trading plan is to short at high levels, so the option of going long is not considered for the time being. If the gold price returns to the 2890-2895 line, I think it is still possible to short at high levels. If you don't know how to trade, remember to leave me a message. Or join the analysis circle, there are more exciting analysis and real-time trading opportunities for reference.

Trade active
Some effective profits have been initially obtained. Sell xauusd near 2995, and the gold price has now dropped by 7 points.
Trade closed: target reached
After the short order successfully reached the stop profit, the short order was sold again.

Remember to refer to the precise guidance in the analysis circle in time.

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