AntonioWilson

Try to go long gold in batches

Short
AntonioWilson Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello, my name is Antonio. I have been using TradingView, but today is the first time to officially share my understanding and views on the market on this platform. I am very happy to discuss and research the market with like-minded friends here.I also hope that my trading logic and thinking can help some friends know and understand this market to a certain extent.

In terms of trading, I will not write too complicated and too long text, I just want to explain my point of view in a simple and clear way, and formulate a corresponding trading plan. As far as trading is concerned, I can look at every transaction objectively and correctly. There must be profits and losses during the transaction process, which is the charm of trading. My goal is simple, to consistently achieve at least $20K in profit per week.

Closer to home, as far as the gold market is concerned, after the continuous decline of gold, the current downward momentum has slowed down, but overall, gold is still weak in the short term. According to the current trend structure of gold, there is no structural low point in gold, but gold is currently rectifying, which is conducive to the structural low point in gold. Then gold is likely to tentatively fall below the 1885 position next time, so at this time, you can try to do long gold in batches below 1885. The upper part first focuses on the resistance at 1896, and secondly the resistance at the upper 1902 position.

There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
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At present, the trading strategy of long gold around 1885 has already made a small profit
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Gold continued to rebound to around 1895, and our profits further expanded
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At present, gold rebounds to around 1895 and faces short-term resistance at 1896. If it breaks through and stabilizes at 1896, then gold still has a chance to challenge the resistance at 1902
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At present, gold is still fluctuating around 1985, first observe whether gold can break through the 1986 position again, and try to challenge the 1902 resistance position
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