Short gold first, then look for opportunities to go long gold
Today's trading rhythm is still mainly short gold at high levels. Today, gold as a whole fluctuates within the 1970-1965 area, and the profit margin is not large. However, judging from the structural trend of gold, gold is still in a weak shock structure. Even in the rebound process, it is relatively weak and cannot be maintained, so gold is still relatively weak.
Therefore, the trading plan I formulated mainly focuses on shorting gold at high levels. The upper side mainly focuses on the resistance in the 1972-1974 area, while the lower gold may tentatively touch the 1968-1965 area. However, gold has already experienced a relatively large decline, so we appropriately move the short-term support upward to the 1960-1958 area.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Therefore, the trading plan I formulated mainly focuses on shorting gold at high levels. The upper side mainly focuses on the resistance in the 1972-1974 area, while the lower gold may tentatively touch the 1968-1965 area. However, gold has already experienced a relatively large decline, so we appropriately move the short-term support upward to the 1960-1958 area.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Trade active:
As I expected, gold fell to around 1960. You can close your positions first, and then we will look for opportunities to go long in gold.
Trade active:
We made a pretty good profit shorting gold
We made a pretty good profit shorting gold
Trade active:
Gold has once again verified the support near 1960. We wait patiently for gold to fall back and then go long gold.
Trade active:
Waiting patiently for Fed Chairman Powell to speak