Risk aversion is rising, making money by going long gold
Updated
today is Friday,I would like to remind everyone that as the weekend is approaching, the market is worried about news of geopolitical conflicts within two days of the weekend, which has led to rising market risk aversion, stimulating strong buying of gold, with gold rising to a maximum of around 1919. I informed everyone to go long gold near 1890 and 1900. Obviously, gold perfectly hit my expected profit target position, and we successfully harvested a profit margin of about 10 US dollars.
https://www.tradingview.com/x/U7guyWiO/
In fact, there is not much room for fluctuations in the US dollar today, so the sharp rise in gold is entirely due to the market's concern about weekend news. Therefore, gold gained $50 during the day. Driven by risk aversion, I believe that above 1915, at least today, we should not continue to be long gold and beware of gold falling back. In fact, from a technical perspective alone, gold should start a correction, but geopolitical conflicts have brought a certain degree of uncertainty to it. If there is no new news during the weekend, then I think gold may start a correction at any time next week.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
https://www.tradingview.com/x/U7guyWiO/
In fact, there is not much room for fluctuations in the US dollar today, so the sharp rise in gold is entirely due to the market's concern about weekend news. Therefore, gold gained $50 during the day. Driven by risk aversion, I believe that above 1915, at least today, we should not continue to be long gold and beware of gold falling back. In fact, from a technical perspective alone, gold should start a correction, but geopolitical conflicts have brought a certain degree of uncertainty to it. If there is no new news during the weekend, then I think gold may start a correction at any time next week.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Trade active
Next, focus on the 1926-1928 resistance area, and you can try to short gold around this area.Trade active
At present, gold has touched the resistance area 1926-1928 that I expected. We can try to short gold at this position.Trade active
Now you can try shorting gold in small batchesTrade active
I have just shorted gold around the resistance area 1926-1928 and currently hold orders.
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