MagicTrader_Manuel

Profited 28K from gold trading, continue to participate in gold

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear friends, today is a day of relatively high volatility for gold. After gold rose from around 2170 and hit around 2200, it fell back again during the US trading session. So far, it has fallen back to its lowest level near 2171. The total room for rise and fall is 60 US dollars. How much profit did you capture from it?

In today's transaction, I successfully captured a profit of more than 43 points. I made a total profit of more than 28K in gold trading today. I think this is a relatively good result! So how should we participate in gold trading next? From a graphic point of view, we can find that the current bottom trend line support of gold is in the 2165-2160 area, while the short-term support is in the 2172-2168 area, so gold may rebound again after touching these two areas.

So relatively speaking, in gold trading, we can first go long gold based on the short-term support area, and the target can be towards 2185 and 2195. Of course, after gold rebounds to these two target positions, we can also consider shorting gold in this position area.

There are many options for trading now, so you can still make a lot of profits from it. 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.
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We first go long gold based on the support area, wait patiently for gold to rebound, and then short gold when gold touches the target area. This is a profitable trading strategy.
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If gold falls back to the 2172-2168 position area later, we can first try to go long gold in small batches
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We set the first goal to 2185, followed by 2195
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If gold rebounds again, then we can short gold around the two target positions.
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Next, we will focus on the 2172-2170 area. If gold falls back to this area first, we can go long gold in small batches.
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Next, we will focus on the 2172-2170 area. If gold falls back to this area first, we can go long gold in small batches. And set the first TP to 2185 and the second TP to 2195
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Gold just fell back to the lowest level near 2174, almost touching the support area for long gold.
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If gold falls first after the gold market opens, we will focus on the key support areas and go long gold.
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First, we focus on the short-term support area of 2172-2170
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If gold rises first and does not give us the opportunity to go long gold, then we will postpone going long gold, and we will consider waiting for gold to rise before going short gold.
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If gold first falls back to the 2170-2165 area, we can first consider going long gold; if gold first rebounds to the 2185-2190 area, we first consider shorting gold.
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Gold is currently in a rebound trend. If gold rebounds and touches the 2185-2190 area, we will short gold.
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Gold is currently in shock again, which means that both long and short sides of gold can make money. As long as you can grasp the rhythm of trading, profit has never been a problem.

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