MagicTrader_Manuel

Already made a profit of 12K, insist on shorting gold

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Today’s gold trading conditions are as follows:

1. Xauusd:@2340-2342 Sell, TP:2328 Profit: + $3708
2. Xauusd:@2341-2345 Sell, TP:2336 Profit: + $8609

In gold trading today, I repeatedly relied on the 2340-2345 resistance area to short gold, and hit my expected target positions of 2328 and 2336 respectively.So far today, I have made a profit of more than 12K in short transactions, and successfully won 9 consecutive victories.

Judging from the current structure of gold, the recent lows of gold have been moving downwards, and the short-term rebound has been blocked. Gold has been under heavy selling pressure near the upper trend line. Even with the support of news in the short-term, it is difficult to finally reach the previous wave high point of 2347. . Compared with the previous rebound amplitude and intensity, it will obviously be much weaker now.

Therefore, even if gold is currently testing the 2350 mark again in the short term, if gold does not retrace to test support to confirm that gold continues its upward trend, then gold may fall back again after touching the 2350-2355 area. Therefore, in gold trading, you can try to short gold near the 2350 position in small batches, TP: 2342-2340.

I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Trade active:
In gold trading, you can try to short gold near the 2355 position in small batches, TP: 2342-2340.

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