Bros, gold has been fluctuating in the 2645-2655 area most of the time today, with only a fluctuation space of $10. To be honest, it is not easy to participate in trading except for scalping. At present, gold has rebounded to around 2650 again. Gold is still in a narrow range of fluctuations as a whole. Gold may use the NFP market to break the box range, thus showing continuity.
So before the NFP market, we can still treat the market with shock in trading. Then the first thing to pay attention to above is the resistance of the 2655-2660 area, and the first thing to pay attention to below is the resistance of the 2640-2630 area. Before breaking the box range, we can rely on the support and resistance areas to sell high and buy low.
Trading strategy:
1. Using the 2655-2660 area as resistance, try to short gold;
2. Using the 2640-2630 area as support, try to long gold;
Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
So before the NFP market, we can still treat the market with shock in trading. Then the first thing to pay attention to above is the resistance of the 2655-2660 area, and the first thing to pay attention to below is the resistance of the 2640-2630 area. Before breaking the box range, we can rely on the support and resistance areas to sell high and buy low.
Trading strategy:
1. Using the 2655-2660 area as resistance, try to short gold;
2. Using the 2640-2630 area as support, try to long gold;
Bros, do you know how to correctly grasp the trading rhythm of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade active
Bros, gold has just touched around 2655 and is now falling back to around 2648. I have sold gold at 2654.21. Did you follow my advice and sell gold?Trade closed manually
After the overnight gold short position hit TP: 2645 in the early morning, I just followed the trading plan to short gold again with 2655-2660 area as resistance. Only 40 minutes later, gold has now fallen back to around 2645 in the short term. I have just closed the gold short position and locked in a profit of $4.6k. Did you follow me to short gold? In addition, since I just pointed out that gold may continue to fluctuate in the box before the NFP market, I will look for opportunities to go long on gold next.
There are already 1000+ traders making huge profits in the group, and the strategy verification rate is over 90%, so novices can easily make profits! Telegram group: t.me/Marvin_9240
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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.
There are already 1000+ traders making huge profits in the group, and the strategy verification rate is over 90%, so novices can easily make profits! Telegram group: t.me/Marvin_9240
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.