Already made nearly 6K profits! Continue to short gold
Updated
Today’s gold trading conditions are as follows:
1.Xauusd:@2348-2350 Sell, TP:2338 Profit: + $1659
2.Xauusd:@2322-2320 Buy, TP:2335 Profit: + $4179
Around the time when the CPI data was released today, we shorted gold in the 2348-2350 area. After gold hit TP: 2338, I went long gold again in the 2322-2320 area, and gold hit TP again: 2335. Because CPI data will intensify market fluctuations, I used small-scale transactions, so the profit so far is only $5838.
https://www.tradingview.com/x/Th0y5k5q/
Gold has made a sharp correction due to the influence of CPI data, and gold has also fallen below the upward trend line many times during the correction, with the lowest touching below 2319. Although gold was able to quickly recover some of its losses after falling, it was obviously much weaker than before during its recovery, and it did not touch the previous high area of 2360-2365 again.
Therefore, according to the current market rhythm, if gold falls below the rising trend line, it has destroyed the overall rising pattern to a certain extent, and gold will gradually weaken from strength to strength. Therefore, in the following main trading rhythm, I will prefer to short gold on rallies; of course, when encountering a strong support structure, I can also flexibly go long gold to strive for rebound profits! At present, the top focus is on the 2350-2355 resistance area, while the bottom focus is on the 2316-2314 support area.
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
1.Xauusd:@2348-2350 Sell, TP:2338 Profit: + $1659
2.Xauusd:@2322-2320 Buy, TP:2335 Profit: + $4179
Around the time when the CPI data was released today, we shorted gold in the 2348-2350 area. After gold hit TP: 2338, I went long gold again in the 2322-2320 area, and gold hit TP again: 2335. Because CPI data will intensify market fluctuations, I used small-scale transactions, so the profit so far is only $5838.
https://www.tradingview.com/x/Th0y5k5q/
Gold has made a sharp correction due to the influence of CPI data, and gold has also fallen below the upward trend line many times during the correction, with the lowest touching below 2319. Although gold was able to quickly recover some of its losses after falling, it was obviously much weaker than before during its recovery, and it did not touch the previous high area of 2360-2365 again.
Therefore, according to the current market rhythm, if gold falls below the rising trend line, it has destroyed the overall rising pattern to a certain extent, and gold will gradually weaken from strength to strength. Therefore, in the following main trading rhythm, I will prefer to short gold on rallies; of course, when encountering a strong support structure, I can also flexibly go long gold to strive for rebound profits! At present, the top focus is on the 2350-2355 resistance area, while the bottom focus is on the 2316-2314 support area.
I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Trade active
If gold rebounds again and cannot pass the 2340 mark, then there is a high probability that the market outlook will continue to fall from abc to a five-wave decline.Trade active
If gold rebounds to the 2345-2350 area, we can consider shorting gold.Trade active
We can find from the rebound strength of gold that gold gradually changes from strong to weakTrade active
The current short-term support for gold is in the 2220-2215 area. If the defense in this area fails, gold will accelerate its decline.Trade active
Gold is currently trading near 2330. We are still waiting for gold to rebound and short gold again.Trade active
Gold rebounded weakly again, maybe we can consider starting to short gold above 2340Trade active
Gold is currently rebounding weakly to above 2340, we can start to consider shorting gold
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