Trader_Manuel

Already earned 10K, target to earn another 10K today

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

1.Xauusd: @2292-2294 Sell, TP:2292, Profit: +$564
2.Xauusd: @2295-2300 Sell, TP:2291 Profit: +$ 9318

Today is the fourth consecutive day of profit in this week's trading. The profit so far today is $9882, which is an increase in profit compared to yesterday's profit. I think it is very meaningful to be able to make a little progress every day.

If you read my last article, you should know that I still hold a long position in gold in the 2285-2287 area. In fact, according to the current gold trend, if gold has tested the support near 2285 many times and confirmed that the support is effective, then gold will rise again to 2300 points or even higher. At present, gold buying support is strong. In the absence of major bad news, gold will not easily change its trend for the time being. Then gold will maintain a complete long pattern, so this is why I can always hold a long position in gold. If gold tests the 2285 area support again during its decline, it will still be an opportunity to go long gold.

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Trade active:
Our long gold position held near 2287-2285 has hit TP 2300, with a total profit of $8175.
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Today, plus the profit from my long gold position, my profit today has reached 18K, which is only 2K short of reaching the daily profit target of 20K.
Trade active:
Actually I am not greedy. I think making a profit of 10K-20K every day is considered a good profit.
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Gold just fell sharply. I performed a scalping transaction and went long gold near 2283. I closed the order at 2286.Profit: +$600
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The non-agricultural data will be released tomorrow, which will be a very important turning point for the gold market and a very good trading opportunity. I am very much looking forward to tomorrow’s market and profits
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As expected, gold fell back to test support again. Is there still an opportunity to go long in gold next?
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On the 5-minute view, gold shows a head-and-shoulders top signal, and gold may continue to fall. But I don’t think gold bulls will be terminated so soon. Because the trend of gold is still short of the last move to rush higher or even set a new high. According to market expectations, I expect gold to rise at least once or even hit a new high.
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As long as the small-level inflection point can be confirmed to be successful and a double-bottom structure is established, gold is expected to rebound. So you can try to do long gold in small batches
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Expect gold to rebound again
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