Trader_Manuel

Go long gold first, then go short gold

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear friends, in today's gold trading, I successfully grabbed more than 43 points of profit, and made a total profit of more than 28K in gold trading today. I believe that if you have followed my trading signals, you will have a very good trading result as well. So how should we participate in gold trading next? From a graphic point of view, it can be found that gold's current bottom trend line support 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 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 share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
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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 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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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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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 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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Gold is currently trapped in a volatile trend,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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