Gold has reached a new high again today. But as I've mentioned, every new upward movement presents an opportunity for short - term short - selling, and the probability of making a profit is quite high. The prerequisite is that you need to close the position in a timely manner when the profit is sufficient, because gold is still in an uptrend.
Today, when gold was rising, I chose to short - sell again and have already made enough profit. When gold reaches this area again, you can continue to short - sell.
Today's trading strategy for gold:
xauusd sell@2920 - 2930
TP: 2910 - 2900
In the market, you must have enough patience to wait for the safest area to enter. Only in this way can you steadily increase your account balance. Never think about doubling your account overnight. The market can only destroy your account overnight.
Click the link to enter my Telegram channel. I have 15 years of trading experience to guide you in trading correctly and also provide account management services. t.me/LukeBaileyStrategy
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.
Click the link to enter my Telegram channel. I have 15 years of trading experience to guide you in trading correctly and also provide account management services. t.me/LukeBaileyStrategy
Also on:
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.