📍Gold Plunges to Around 3006 — Is This Really a Good Opportunity to Chase Shorts? To be frank, despite the sharp short-term decline in gold, bullish resilience remains evident. As long as the price holds above the 3000-2995 support zone, the defensive line remains strong and unbroken. Therefore, I don’t consider chasing shorts a prudent decision at this stage. On the contrary, the presence of strong buying interest and solid support below significantly increases my preference for long positions in gold.
🔎Trade Idea:
Xauusd: Buy at 3015-3005
TP:3025-3035
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 Idea:
Xauusd: Buy at 3015-3005
TP:3025-3035
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
📍If gold forms a technical double bottom structure in the 3010-3000 zone, it will offset some of the suppression of the head and shoulders pattern. Then gold may stop falling and rebound and continue to around 3040 again. Our long positions will be expected to bring in profits beyond expectations.🔎Trade Idea:
Xauusd: Buy at 3015-3005
TP:3025-3035
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
📍Gold still has not fallen below the 3005-2995 area, and the buying support below is still strong. After the shorts have not achieved effective results, it will greatly increase the confidence of the bulls and attract buyers who are hovering on the sidelines to enter the market. Gold is expected to usher in a new upward wave and may hit the 3030-3040 area again.🔎Trade Idea:
Xauusd: Buy at 3015-3005
TP:3025-3035
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
Simplify complex trading ideas and execution capabilities to maintain steady profits! Telegram group: t.me/+W1fIMsgP19dlZjBk
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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.
Simplify complex trading ideas and execution capabilities to maintain steady profits! Telegram group: t.me/+W1fIMsgP19dlZjBk
Related publications
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.