This operation of gold on Monday will definitely make a good pro
Trading is a process of trial and error! In the case of continuous mistakes, the main problems faced are shrinking funds and psychological suffering! A trader must reduce the probability of making mistakes, because your profits come from the losses of others. That is to say, when someone makes a mistake, there will be profits for people to make in the market, but you can't calculate and predict how many people will make mistakes in the next step, and how big a mistake they will make, and you can't guarantee that every time you Both are on the right side. Then, in trading, the only thing you can do is when you make a mistake, try to keep the time of the mistake as short as possible. All that's left is to wait for someone else to make a mistake.
Recently, the uncertainty in the banking industry has been increasing. Federal Reserve Chairman Powell just said last week that he would continue to raise interest rates. As a result, Silicon Valley Bank died to the Fed, directly promoting bankruptcy, and global capital was in an uproar. Could this be Lehman’s younger brother? "Shocking"? The disintegration of Silicon Valley Bank was driven by US interest rates. If interest rates continue to rise, it is estimated that many banks will choose to go bankrupt later. This is undoubtedly a crisis of confidence in the Federal Reserve's financial system. The United States chose to rescue Silicon Valley Bank. Other banks have also been rescued, and the continuation of interest rate hikes means more rescues. This is really a dilemma. There will be CPI inflation data this Tuesday, and last Friday's non-agricultural employment data. Gold directly came to an accelerated rise , This morning it also gapped and opened high, approaching 1900 US dollars per ounce. Now the gap position of 1870 is a watershed. If it falls back and breaks this morning, it will lure more. You can break more and then backhand, which can be regarded as a backup strategy.
As can be seen from the 1-hour chart, today 1883 is the upward momentum resistance line. 1870 is today's long-short watershed support.
So now you can do the first backup strategy first. 1872-1873 long, stop profit 1882-1892, stop loss 1869
If it continues to fall below 1870, I will give a second Powei trading strategy.
Recently, the uncertainty in the banking industry has been increasing. Federal Reserve Chairman Powell just said last week that he would continue to raise interest rates. As a result, Silicon Valley Bank died to the Fed, directly promoting bankruptcy, and global capital was in an uproar. Could this be Lehman’s younger brother? "Shocking"? The disintegration of Silicon Valley Bank was driven by US interest rates. If interest rates continue to rise, it is estimated that many banks will choose to go bankrupt later. This is undoubtedly a crisis of confidence in the Federal Reserve's financial system. The United States chose to rescue Silicon Valley Bank. Other banks have also been rescued, and the continuation of interest rate hikes means more rescues. This is really a dilemma. There will be CPI inflation data this Tuesday, and last Friday's non-agricultural employment data. Gold directly came to an accelerated rise , This morning it also gapped and opened high, approaching 1900 US dollars per ounce. Now the gap position of 1870 is a watershed. If it falls back and breaks this morning, it will lure more. You can break more and then backhand, which can be regarded as a backup strategy.
As can be seen from the 1-hour chart, today 1883 is the upward momentum resistance line. 1870 is today's long-short watershed support.
So now you can do the first backup strategy first. 1872-1873 long, stop profit 1882-1892, stop loss 1869
If it continues to fall below 1870, I will give a second Powei trading strategy.
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Be patient, gold is going up
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Gold 1872-1873 long, now look at 1882, if you can't go up. We need to take profits and lighten up positions. If continue to rise. we can see new highs
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At present, as long as gold does not fall to 1869. We will remain bullish around the support of 1870. If there are changes, I will keep everyone informed. Now continue to hold 1872-1873long
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Gold is currently at 1885. Our 1872-1873 long order is making a profit. If you buy more quantity. You can choose to lighten your position at 1885. Then continue to hold the bullish
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On Monday, we ushered in our first successful transaction in gold. We hope that friends can give me more encouragement. thank you all
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Gold is currently continuing to rise, now look at the 1890 resistance. 1890 if it continues to rise. Then it will test today's new high position. Currently our 1872-1873 long is making a lot of money.
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Gold broke through the 1890 resistance. At present, our 1872-1873 bulls have made a lot of money. Congratulations to everyone on Monday for such a huge profit.
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Gold is currently continuing to rise. The rising power is very powerful. So we just keep holding the 1872-1873 long position reduction part in our hands
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If gold can break through 1895, it is bound to test 1900 today
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Gold is currently on the rise. overwhelming. Immediately to 1900
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There will be relatively strong resistance near 1900. Therefore, our 1872-1873 long position can make a profit and reduce the position and continue to hold it. control profit
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very perfect. Gold broke through 1900. We got a big win today. congratulations everyone
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Next, if gold has a better position to go long. I will remind you all at the first time
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Gold rose strongly. Our 1872-1873 longs were on schedule to make big profits. Next need to watch 1910 resistance
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Now is not the time to be short. So don't be in a hurry to sell short. Now it is necessary to observe the strong resistance of 1916-1920 before considering shorting. So now continue to hold 1872-1873 long
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Gold 1872-1873 long order, the current price is to stop profit at 1911, making a big profit of 39 points. Congratulations everyone for keeping up with Miracle Trading Strategies
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That concludes today's trading strategy. Today we have a big profit in gold and bitcoin. I wish you all a great day today. See you tomorrow.