Gold rose again yesterday and today, reaching a maximum of around 1923, and it has risen by almost 40 US dollars from the bottom. The short-term increase is too fast, which also leads to a problem, that is, the indicators of each cycle are overbought very seriously.
For today's trading, we can wait for the gold price to fall back to the support level and will not fall below the level. We can buy again. The rebound of the big cycle has not yet ended. If the bottom is confirmed twice, it will definitely continue to rise.
Gold trading advice today:
Gold:buy1905-1910 TP:1920-1935
Short-term fast trading
Gold:sell1920-1925 TP:1915-1910
As long as the decline does not break through the previous low, then it is still an upward trend, so if you sell short, you must strictly set a stop loss or close the transaction when you have a profit.
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
Note
SELL:TP1Note
The upward trend of gold remains unchangedNote
Has been fluctuating in range todayNote
If you follow my strategy, then you must have made money today
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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.
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.