Patiently wait for the callback to do long gold
Updated
The U.S. market is closed today, so the gold market will end early, and it is expected that there will be no relatively large fluctuations during the day. However, the gold long order we bought in the 1910-1912 area today successfully reached our profit target 1918 position and achieved relatively good profits.
https://www.tradingview.com/x/q2Y7mBw1/
According to the current trend of gold structure, after the rebound on Friday and today, the bullish momentum of gold is still there.From the hourly chart, gold is currently showing a rising flag, and the support we see is almost in the 1920-1915 area, so what we are waiting for next is this range,if gold pulls back to this position, then we will have the opportunity to be long gold again.
Of course, if the trading style is aggressive, you can choose to short gold around 1930-1932, and look at 1920-1915.If you are stable, I still tend to wait for the gold to pull back and go long, and the target is 1937-1940.
For more trading signals and trading plans, you can follow the bottom of the article to view the details!
https://www.tradingview.com/x/q2Y7mBw1/
According to the current trend of gold structure, after the rebound on Friday and today, the bullish momentum of gold is still there.From the hourly chart, gold is currently showing a rising flag, and the support we see is almost in the 1920-1915 area, so what we are waiting for next is this range,if gold pulls back to this position, then we will have the opportunity to be long gold again.
Of course, if the trading style is aggressive, you can choose to short gold around 1930-1932, and look at 1920-1915.If you are stable, I still tend to wait for the gold to pull back and go long, and the target is 1937-1940.
For more trading signals and trading plans, you can follow the bottom of the article to view the details!
Trade active
Are you bearish on gold or bullish on gold?Trade active
Because the U.S. market is closed, the gold market ends early, and we wait patiently for the Asian market to start. Gold is still dominated by short-term bullsTrade active
Gold has now slowly fallen back to our entry targetTrade active
For more trading signals and trading plans, you can follow the bottom of the article to view the details!Trade active
I believe that as long as you read this article carefully, the gold you bought around 1920 must have achieved good returns at present
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