Stick to shorting gold!
Updated
Today we have made good profits in both long and short gold transactions. First, we shorted gold near 2498, and gold perfectly hit TP: 2488 during the decline; then we longed gold near 2492 and manually closed the order above 2496. A total profit of 140pips was made in both long and short gold transactions, which is a very good trading result!
Today, gold fell back to around 2485 again, and then rebounded. The downward momentum did not continue, and there were signs of building a double bottom structure in the short term, proving that the 2485-2480 area still has some support for gold in the short term; however, from the perspective of the gold rebound structure, the gold rebound potential is weak, and as gold falls, the resistance area also goes down. The current short-term resistance of gold is in the 2505-2510 area. If gold cannot recover this area, gold will most likely continue to test the support near 2470.
So in terms of trading, the relatively safe way is to short gold at high levels. In short-term trading, we can boldly short gold with the 2505-2510 area as resistance. I believe there will be a good profit!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Today, gold fell back to around 2485 again, and then rebounded. The downward momentum did not continue, and there were signs of building a double bottom structure in the short term, proving that the 2485-2480 area still has some support for gold in the short term; however, from the perspective of the gold rebound structure, the gold rebound potential is weak, and as gold falls, the resistance area also goes down. The current short-term resistance of gold is in the 2505-2510 area. If gold cannot recover this area, gold will most likely continue to test the support near 2470.
So in terms of trading, the relatively safe way is to short gold at high levels. In short-term trading, we can boldly short gold with the 2505-2510 area as resistance. I believe there will be a good profit!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Trade active
Although gold has started to rebound to a certain extent, it still faces resistance in the 2505-2510 area. I expect that the rebound space of gold will be limited. We can start to short gold.Trade active
Gold rebounded to around 2505, but still failed to break through the resistance area. If gold fails to break through, it will fall back.Trade active
Persistence in shorting gold, our persistence will eventually be rewardedTrade active
Gold touched as high as 2505 during the rebound, and now it has fallen back to around 2495 again. Our short position has made a very good profit.Trade active
Gold hit near 2493 and rebounded again. I will look for opportunities to short gold again later.Trade active
Now short gold againTrade active
Patiently wait for gold to fall againTrade active
As long as gold does not break through the 2506-2510 area, it will fall again, and we need to have an excellent quality in the trading process - patience!Trade active
Bros, today's trading results are very good. Today, we traded gold four times. First, we shorted gold near 2498 and hit TP: 2488. Then we longed gold near 2492. We chose to manually close the position above 2496 to make a profit. Just now, we shorted gold twice near 2500 and 2502. Because gold is currently in a narrow range of fluctuations, I think we can choose to observe the market first after closing the position. So even near 2500, I chose to close the position manually. Anyway, our trading results today are perfect!Trade active
Do you think gold has a chance to fall further?Trade active
Gold is currently in a narrow range of fluctuations, but if gold cannot break through the 2506-2510 area, then gold will test 2500 again. Once it falls below 2500, gold will continue to fall. So we can still try to short gold
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