20 consecutive wins, continue to short gold after rebound
Today, the overall gold market is in a volatile market. Gold fell and touched near 2310 multiple times before rebounding. It touched near 2323 again and then fell back again. Gold is currently trading near 2313. Today we successfully captured the profit from gold's rebound in trading. We went long gold in the 2314-2312 area and successfully hit TP: 2322. Continuing our 20-game winning streak in gold trading! Transaction results worthy of recognition!
Gold is currently trading near the 2313 position, but I do not recommend going long on gold here. The safest trading strategy is to wait for gold to rebound and then short gold again. From the short-term structure point of view, gold rebounded many times and then fell back, but it did not effectively break through the 2330 position, which consumed the gold bull momentum to a certain extent; it also showed that there were many resistances above and it was still difficult for gold to rise.
Moreover, the situation in the Middle East has worsened, but the reaction of gold seems to be small, and there has been no sharp rise, so we still have to be cautiously bullish on gold; gold fluctuated and fell back in the short term, and it did not have enough power to break through yesterday's new high during the rebound. This volatile downward trend is expected to be maintained in the short term. As gold falls back after rising high many times, we can appropriately move the short-term resistance area downward to the 2325-2320 area; while the strong resistance area above is still at the 2330-2335 area.
So in the next trading, I will insist on shorting gold after the rebound.Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
Gold is currently trading near the 2313 position, but I do not recommend going long on gold here. The safest trading strategy is to wait for gold to rebound and then short gold again. From the short-term structure point of view, gold rebounded many times and then fell back, but it did not effectively break through the 2330 position, which consumed the gold bull momentum to a certain extent; it also showed that there were many resistances above and it was still difficult for gold to rise.
Moreover, the situation in the Middle East has worsened, but the reaction of gold seems to be small, and there has been no sharp rise, so we still have to be cautiously bullish on gold; gold fluctuated and fell back in the short term, and it did not have enough power to break through yesterday's new high during the rebound. This volatile downward trend is expected to be maintained in the short term. As gold falls back after rising high many times, we can appropriately move the short-term resistance area downward to the 2325-2320 area; while the strong resistance area above is still at the 2330-2335 area.
So in the next trading, I will insist on shorting gold after the rebound.Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
Trade active:
There are no good trading opportunities yet, so we will wait patiently. When there are no good trading opportunities, we don’t have to force ourselves to trade for the sake of trading. Only by controlling trading risks can we have the possibility of obtaining better returns.
Trade active:
We temporarily place the rebound target in the 2320-2325 area. I would consider shorting gold if it had a chance to rally into this area again
Trade active:
If gold cannot break through the 2330-2335 area in one fell swoop during the rebound, the bears may counterattack after consuming the kinetic energy of the bulls.
Trade active:
Gold’s rebound is not strong at all, so the next step is to focus on shorting gold.
Trade active:
If gold continues to fall, the 2310 position should not be able to stop it. Then first we will observe whether gold can fall below the 2300-2295 area support.
Trade active:
If gold cannot rebound effectively, then I may appropriately lower my expectations of the rebound and then short gold.
Trade active:
A rebound is an opportunity to short gold again
Trade active:
Continue to short gold
Trade active:
Gold is rebounding, will look for opportunities to short gold later
Friends who have entered my group have made considerable profits by following trading signals! If you want to get detailed trading signals and trading logic, join my Telegram group: Make making money a pleasure t.me/+o1k2cWcaCJVmNzRk
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