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Goldtradeideas

Don't be afraid of pullbacks, buy gold!Currently, gold's rebound has stalled around the 2665 level, followed by a pullback to a low of approximately 2652. Many are likely wondering how far this retracement might extend. From the current structure, despite the pullback, gold remains in a clear bullish trend. During its upward movement, gold gained strong momentum, breaking through multiple resistance levels at 2635, 2640, and 2655. Based on this bullish momentum, gold still has room to continue rising, with potential targets at 2670-2680 or even 2695. It is evident that the short-term retracement in gold is likely a consolidation phase to build momentum for the next upward move. Therefore, there’s no need to fear the pullback. If gold retraces to the 2650-2640 zone, I believe this would present a strong buying opportunity to go long. Bros, are you optimistic about the continued rise 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!
OANDA:XAUUSDLong
by Trader_Marvin
Already made $27K in profit, next profitable trading planToday can really be considered a bumper harvest. I participated in 9 long and short short-term transactions during the day. Only two of the transactions totaled a loss of $585. The other transactions were basically all profits after hitting the TP.As of today, the net profit has exceeded $27K. It can be said to be a very good trading result and has greatly exceeded my expectations! I'm very pleased with today's trading results! Some friends are very fortunate to have followed today’s trading signals, and they have reported that they have made very good profits. Congratulations to everyone! According to the current gold trend pattern, gold has repeatedly tested the support of the 2305-2300 area during the adjustment process and established that the support is effective. As the lows continue to move upward during the shock process, a reliable support has been built in the 2320-2315 area, and formed a short-term bottom structure in this area many times, laying a solid foundation for today's gold rise. At present, gold's short-term rebound structure has reached its highest point near 2345. Gold has shown signs of getting rid of the shock structure in the 2335-2315 area, so gold still has room to continue its upward rebound. Therefore, in short-term trading, I have always emphasized that we cannot be overly bearish on gold, because the bulls have still not given up. Constantly testing and building solid bottom support during the callback process will be more conducive to gold going higher during the rebound process. So now we first focus on the support in the 2325-2320 area below, and the resistance in the 2350-2360 area above. According to the current form, it is entirely possible for gold to hit 2350 or even 2360. Of course, there will be recurrences in gold during this process, so as long as we grasp the rhythm in the transaction, both the long and short parties will still have good profit opportunities.we will even get better profits than today! I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together!
OANDA:XAUUSDLong
by alongwineer