After gold plummets, how to participate in short-term trading?
Dear friends, gold is crazy today. During the day, gold rose by $59 from around 2372, reaching a maximum of around 2431, and then fell by $70, with a minimum of around 2361. It's a crazy roller coaster ride. I think some people must be happy and some are worried in today's market!
At present, there is no reliable technical reference for gold in the short term. As for why gold has plummeted, whether it is due to technical overbought. In the final analysis, one is because the main force in the market wants to kill most of the long funds, and the other is because most people cash out their profit-making funds and follow the trend of selling. This led to a sharp decline in gold.
Gold is currently trading near the 2361 position. Can we go long gold again? I don’t think we should rush into market trading for the time being. Because the current sharp decline in gold will cause market panic and easily trigger a wave of gold selling, gold may still fall with inertia. Therefore, we need to wait for the market to return to calm and then intervene in market transactions. Although we may miss some profits, our accounts will be safer! I think it's reasonable.
Then we will focus on the 2350-2345 area, which is a relatively important support area. If gold slows down in this area, perhaps we can consider trying to do long gold in small batches around this area.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
At present, there is no reliable technical reference for gold in the short term. As for why gold has plummeted, whether it is due to technical overbought. In the final analysis, one is because the main force in the market wants to kill most of the long funds, and the other is because most people cash out their profit-making funds and follow the trend of selling. This led to a sharp decline in gold.
Gold is currently trading near the 2361 position. Can we go long gold again? I don’t think we should rush into market trading for the time being. Because the current sharp decline in gold will cause market panic and easily trigger a wave of gold selling, gold may still fall with inertia. Therefore, we need to wait for the market to return to calm and then intervene in market transactions. Although we may miss some profits, our accounts will be safer! I think it's reasonable.
Then we will focus on the 2350-2345 area, which is a relatively important support area. If gold slows down in this area, perhaps we can consider trying to do long gold in small batches around this area.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Trade active:
Gold is currently at its lowest level near 2346. If you have followed my trading strategy and are long gold in the 2350-2345 area, I recommend closing the position near 2357-2358 and locking in profits in time.
Trade active:
We were able to close orders in the 2357-2358 area and make timely profits, accurately and quickly capturing short-term profits.
Trade active:
Gold stopped its decline at 2336 in the short term, and gold may rebound in the short term.
Trade active:
Gold has once again rebounded to around 2343. Have you seized the opportunity to go short-term long gold at 2336?
