We noticed that gold has just stepped back to the key support level of 3000-3005. The strength of the support here has been seen by everyone last week. As long as it does not fall below this level, gold will most likely rebound again.
Therefore, I think that the support area of 3000-3005 can be considered as a short-term long order, and the target is set at 0.618 and 0.5 of the Fibonacci retracement, which are 3021 and 3028 respectively. When the rebound goes up, we will use the upper pressure level to go short.
If the 3000 integer mark is effectively broken, we will not hold it, so we can set a smaller stop loss. Compared with the possible profits, this stop loss is still acceptable.
If you don’t know where to enter the market, you can come to my group to get accurate trading signals
Therefore, I think that the support area of 3000-3005 can be considered as a short-term long order, and the target is set at 0.618 and 0.5 of the Fibonacci retracement, which are 3021 and 3028 respectively. When the rebound goes up, we will use the upper pressure level to go short.
If the 3000 integer mark is effectively broken, we will not hold it, so we can set a smaller stop loss. Compared with the possible profits, this stop loss is still acceptable.
If you don’t know where to enter the market, you can come to my group to get accurate trading signals
Trade active
Gold has risen to 3014, and the market is about to close, so you can close your position now and start making a new trading plan tomorrow. Congratulations again to those who follow the signal trading. We have won 6 times in a row.If you don’t know where to enter the market, you can come to my group to get accurate trading signals
Trade closed: target reached
The gold rebound is still continuing and it is possible to rebound to the 3030-3035 area todayIf you don’t know where to enter the market, you can come to my group to get accurate trading signals
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
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👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.