Profited $11K, continue to be long gold
Today we made a nice profit on both long and short gold trades. First, we shorted gold near 2337 and 2342, and gold hit TP during the fall: 2330; after gold fell back, we went long gold below 2330, and gold hit TP again during the second bottoming process: 2340,We took profit by hitting TP on both trades, resulting in a profit of over $11K. Today's results are very good for the first trading day of the week.
Gold fluctuated and rebounded today after testing below 2320. We can see from the recent gold trend that although the gold trend is relatively weak, gold has repeatedly rebounded after testing support, and multiple long lower shadow lines have appeared below, proving that the buying support below is strong. As for the short-term structure of gold, gold has successfully built a double-bottom structure during its bottom-out and recovery process, which is conducive to gold's continued rebound. As the recent lows continue to move upward, gold has formed a perfect upward channel in the short-term structure, and gold is expected to continue its rebound.
The current short-term resistance of gold is in the 2350-2355 area. If gold breaks through this area, gold's short advantage will be gone, and gold will try to hit the upward channel pressure area of 2360-2365.If gold continues its rebound and breaks through this area, gold will have the opportunity to try to touch above 2390 again, or even 2400.
Therefore, in the next short-term trading, we will change our trading strategy as the market trend changes. In short-term trading, we will mainly go long gold on the fallback.Only when gold touches the 2355, 2365 position area for the first time, we may have the opportunity to strive for gold correction profits.
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. !
Gold fluctuated and rebounded today after testing below 2320. We can see from the recent gold trend that although the gold trend is relatively weak, gold has repeatedly rebounded after testing support, and multiple long lower shadow lines have appeared below, proving that the buying support below is strong. As for the short-term structure of gold, gold has successfully built a double-bottom structure during its bottom-out and recovery process, which is conducive to gold's continued rebound. As the recent lows continue to move upward, gold has formed a perfect upward channel in the short-term structure, and gold is expected to continue its rebound.
The current short-term resistance of gold is in the 2350-2355 area. If gold breaks through this area, gold's short advantage will be gone, and gold will try to hit the upward channel pressure area of 2360-2365.If gold continues its rebound and breaks through this area, gold will have the opportunity to try to touch above 2390 again, or even 2400.
Therefore, in the next short-term trading, we will change our trading strategy as the market trend changes. In short-term trading, we will mainly go long gold on the fallback.Only when gold touches the 2355, 2365 position area for the first time, we may have the opportunity to strive for gold correction profits.
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. !
Trade active:
Gold is currently falling, and there may be a good opportunity to go long on gold.
Trade active:
When gold falls back to the 2330-2325 area, I will consider going long gold again
Trade active:
Wait patiently for gold to fall back. At that time, we will first consider going long gold. In the short term, gold is expected to rebound to the 2350-2355 area.
Trade active:
When gold is close to 2330, you can consider going long gold
Trade active:
I went long gold in the 2335-2330 area, and gold has now rebounded above the 2336 position. Our long position has started to make a profit
Trade active:
Gold still has not fallen below the upward channel during its decline, and gold is expected to continue its rebound. We will still focus on long gold in the next transactions.
Trade active:
Gold still has not fallen below the upward channel during its decline, and gold is expected to continue its rebound. We will still focus on long gold in the next transactions.
Trade active:
You can continue to try to go long gold near the 2330 position
Trade active:
Gold is supported near the 2330 position. Gold has not fallen below this area for a long time, and the short-term support is effective. Stay with your long positions, buckle up, and get ready for takeoff
Trade active:
Continue to go long gold in the 2330-2328 area.
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