Gold Spot / U.S. Dollar
Long
Updated

Is it profitable to be long gold now?

261
đź“ŤAlthough gold is in an overall downtrend, its decline has not been smooth during multiple tests of the 3000 level. Therefore, the support zone between 3005 and 2995 remains valid. Considering the downward momentum observed during the tests of 3000, gold is unlikely to experience a sharp drop. Instead, it may follow a pattern of gradual, oscillating declines. If gold receives strong support in the 3005-2995 range, a rebound toward the 3015 level is still possible, with the potential to extend further to the 3025 level.

🔎Trade Idea:

Xauusd: Buy at 3010-3000
TP:3015-3025
SL:Adjust according to risk tolerance.

đź“©Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Trade active
đź“ŤAs long as gold can stay above the 3000-2995 area, I believe that every decline is an opportunity to buy gold. Gold will still move up to the 3015 area, or even around 3025.

🔎Trade Idea:

Xauusd: Buy at 3010-3000
TP:3015-3025
SL:Adjust according to risk tolerance.

đź“©Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Trade closed: target reached
đź“ŤGold rebounded as expected and has now risen above 3011. Let us be patient, gold still has room to continue to rebound. It is expected that gold will at least test the area around 3015, and may even continue to the area around 3025.

🔎Trade Idea:

Xauusd: Buy at 3010-3000
TP:3015-3025
SL:Adjust according to risk tolerance.

đź“©Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals


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