Falling below 2300, start going long gold

Gold fell to 2300 as expected and continued its correction to reach a minimum near 2293. Gold shorts have an absolute advantage. We followed the trend and shorted gold today near the 2323 position. Obviously, our short position was eliminated by hitting TP and making a profit. Congratulations on once again achieving good trading results!

Gold is currently trading near the 2296 position, and gold once again hit the 2293 position to stop falling and rebound. I believe that after gold fell, many people are trying their best to short gold, and it is not even ruled out that many people are chasing short gold below 2300. In fact, in my opinion, I personally do not recommend continuing to chase short gold. On the contrary, we should consider gradually going long gold below 2300.

Although gold is extremely weak after its sharp decline, it may even fall further. However, gold did not break through the 2290 area support. This situation is consistent with the situation on April 23. Therefore, gold may once again replicate the trend of April 23, start to stop falling and rebound using the 2290 area as support, and may build a new upward channel in the short term (the trend is as shown in the figure).

Therefore, in short-term trading, I will gradually go long gold below 2300 in batches.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !

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As long as gold does not effectively fall below the 2290 position area, then gold still has a chance to rebound, and we can go long gold appropriately.

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The downward momentum of gold has slowed down, we are patiently waiting for gold to rebound

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Gold has tested the support at 2290 many times but has not fallen below it. Gold still has the opportunity to rebound again with the support of this area.

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Gold is expected to rebound to around 2310

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I have re-entered long gold trades around 2290

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Gold is repeatedly confirming support and is expected to rebound after gold confirms that support is effective

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The market is about to close, we wait patiently for gold to open again

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Although gold is rebounding, although it is a little later than expected

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Gold is still expected to rebound to around 2300 after stopping its decline

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Gold will definitely rebound to around 2300 and you can continue to be long gold