Average price of gold long and short: 3330
The United States and the United Kingdom reached a new trade agreement, partially eliminating tariffs in specific areas.
Trump publicly stated that if the trade agreement and tax cuts can be achieved, "you'd better buy stocks now."
Since the opening of the market in April, regardless of whether the price of gold rises or falls, market fluctuations of more than $100 per day have become the norm!
There are countless people who have blown up their positions, so risk control is always the most important means of self-protection.
In other words:
Maybe your trading skills are not up to standard (because it takes a lot of time to practice and learn)
But your risk control habits and level must be A+ (this is a standard answer)
So your average score may only reach B
Currently, spot gold has broken through the 3300 mark and is expected to test the 3200 mark next.
This is the key position of medium-term long and short positions;
Short-term focus on pressure level: 3265-3240
Mid-term: 3330 becomes the intraday long and short watershed
Short-term focus on support level: 3300-3290
Gold operation strategy reference for next Monday:
Short order strategy:
Strategy 1: Short gold rebounds near 3365-3370 in batches, stop loss 10 points, target near 3340-3330, break through to 3320 line;
Long order strategy:
Strategy 2: Long gold pullback near 3318-3320 in batches, stop loss 10 points, target near 3340-3360, break through to 3370 line;
The United States and the United Kingdom reached a new trade agreement, partially eliminating tariffs in specific areas.
Trump publicly stated that if the trade agreement and tax cuts can be achieved, "you'd better buy stocks now."
Since the opening of the market in April, regardless of whether the price of gold rises or falls, market fluctuations of more than $100 per day have become the norm!
There are countless people who have blown up their positions, so risk control is always the most important means of self-protection.
In other words:
Maybe your trading skills are not up to standard (because it takes a lot of time to practice and learn)
But your risk control habits and level must be A+ (this is a standard answer)
So your average score may only reach B
Currently, spot gold has broken through the 3300 mark and is expected to test the 3200 mark next.
This is the key position of medium-term long and short positions;
Short-term focus on pressure level: 3265-3240
Mid-term: 3330 becomes the intraday long and short watershed
Short-term focus on support level: 3300-3290
Gold operation strategy reference for next Monday:
Short order strategy:
Strategy 1: Short gold rebounds near 3365-3370 in batches, stop loss 10 points, target near 3340-3330, break through to 3320 line;
Long order strategy:
Strategy 2: Long gold pullback near 3318-3320 in batches, stop loss 10 points, target near 3340-3360, break through to 3370 line;
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.
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.