Ice_and_Fire1

Gold sneak attack today, the final direction is bullish

Long
Ice_and_Fire1 Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)

Trading, don't expect everyone to understand you. Even if you do well, not everyone will like you, and not everyone will praise you for what you do. After all, others care about the results and do not look at the hardships you have endured. The same words can have different meanings depending on the speaker, and the same eyes can see things differently; the same heart can have different thoughts. People can only do their best and have confidence in themselves. You should understand that the market doesn't have sympathy for the weak, and it doesn't believe in tears. Eagles don't need applause to soar; grass can grow even if no one cares for it; wildflowers in the mountains can still be fragrant even if no one appreciates them. You don't need to make people understand what you're doing, you just need to put your heart and soul into it. You don't need to be liked in trading, just be true to yourself! In trading, we need "virtue," and when dealing with people, we need "heart."

As shown in the daily chart, the bullish signal is supported at the 1843 area, and resistance is concentrated at the 1875 area. As the market trend changes too quickly, you should avoid blindly chasing the rise and fall. As for short selling, we suggest that you can repeatedly participate in the pressure you encounter. The overall trading strategy is as follows:

Resistance: 1853-1875 Support: 1820-1805

Today's trading range:

For an aggressive approach, you can enter a short position near the 1860-1865 area, with a stop loss at 1870.
You can enter a long position at the 1840-1843 area, with a stop loss at 1832.
Comment:
Profit from the short position on gold, waiting for the entry point of the long position.
Comment:
The market is as expected, please continue to pay attention.
Comment:
The market is adjusting briefly as expected.
Trade active
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.