The current international gold price shows a typical head and shoulders bottom reversal pattern, with 2900-2905 below being the key support area for gold. From a technical perspective, it shows that gold has accumulated reversal momentum at the bottom after falling, and the release of ADP employment data may promote the accelerated rise of gold prices. Then the resistance above gold will first focus on the suppression of the 2930 line. If gold breaks through 2930, then we can test the key resistance area of 2945-2955, the historical high.
Therefore, in short-term trading, I advocate going long gold. When gold falls back to around the 2910-2900 area, we can go long gold.
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 make more profits, I can satisfy you. Follow the bottom of the article to enter for details!
Therefore, in short-term trading, I advocate going long gold. When gold falls back to around the 2910-2900 area, we can go long gold.
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 make more profits, I can satisfy you. Follow the bottom of the article to enter for details!
Trade active
In short-term trading, my idea of going long gold first is completely correct. The next trading idea is to go short after touching the 2930 area.Trade closed: target reached
Friends who followed my previous post have made a lot of profits. Now that gold has rebounded, we should short it. First, we should pay attention to the suppression of 2925-2930. When the gold price touches this area, we can short gold.
Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.
Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.