Today I gave you a trading idea in the channel, shorting gold with short-term resistance of 2045 and strong resistance of 2050. I shorted gold near 2042, 2045 and 2049 respectively, and set the TP to 2037. Gold fell back after hitting near 2050, reaching its lowest level near 2034. Obviously, my expected profit target of 2037 was perfectly hit in the short gold trade. We easily made a profit of 25 points.
According to the current gold trend pattern, there is strong buying support below gold, while strong resistance is formed near the 2050-2052 position above, so we can regard gold as a wide shock trend pattern. However, from the perspective of cost performance, the early highs were around 2067 and 2080. So according to the current situation, the space above gold is only 10-30 US dollars at most, while the space below is obviously larger, so we cannot be too aggressive in going long gold in the transaction,to prevent gold from falling back again after rising high, and then entering a correction market, the following will first focus on the 2030 position support, and secondly focus on the 2020 key position support.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
According to the current gold trend pattern, there is strong buying support below gold, while strong resistance is formed near the 2050-2052 position above, so we can regard gold as a wide shock trend pattern. However, from the perspective of cost performance, the early highs were around 2067 and 2080. So according to the current situation, the space above gold is only 10-30 US dollars at most, while the space below is obviously larger, so we cannot be too aggressive in going long gold in the transaction,to prevent gold from falling back again after rising high, and then entering a correction market, the following will first focus on the 2030 position support, and secondly focus on the 2020 key position support.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
