MagicTrader_Manuel

Already made 17K profit, continue to seize profit opportunities

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

1.Xauusd: @2256-2258 Sell, SL:2266 Loss: -4000
2.Xauusd: @2263-2265 Sell, TP:2255 Profit: +5532
3.Xauusd: @2273-2275 Sell, TP:2255 Profit: +7184
4.Xauusd: @2276-2278 Sell, TP:2255 Profit: +8520

In today's gold transaction, although one of them touched SL: 2266, resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold transaction. If you also follow my trading strategy, I believe you must have also made very good profits.

At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become the peak of the stage. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2260-2270 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow.

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:
Gold rebounded to above 2270 again, once again giving us a good opportunity to short gold
Trade active:
If gold continues to rebound, we can consider continuing to short gold in the 2273-2275 area
Trade active:
We first hold a short position in gold and wait patiently for gold to fall back again.
Trade active:
I shorted gold in small batches near 2274 and 2278 respectively.
Trade active:
If gold does not break through 2280-2300, then gold will pull back again
Trade active:
If it closes below 2280 today, gold will have a chance to pull back.
Trade active:
We can no longer chase long gold now, because the current position is relatively dangerous. If we blindly chase more gold, once the profit is realized, the funds will easily be trapped at a high level. When the market is at its most frenzied, we need to be more cautious
Trade active:
This is my current plan. If the market situation improves, I may choose to close the position manually at 2275. Of course, if the gold correction exceeds expectations, I may also wait until 22265 to close the order, depending on the market situation.
Trade active:
In this irrational market now, I do not recommend continuing to chase gold at high levels, because in this irrational market, the market can easily set up traps to tempt you to go long.When you go long easily, once a large amount of profit taking is taken, your trading funds will easily be locked up at a high level. Especially now that the fluctuation range is relatively large, if you are not willing to stop the loss easily, then you may be faced with a liquidation.
Trade active:
Dear friends, it’s 3 o’clock in the morning and I have to go to bed. I just added some positions to short gold near 2284, and then manually closed all positions near 2277. The overall profit was not much, only 1K.But now I can sleep peacefully, I think it’s worth it

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