Trading-Hawkeye

Profited $14K, short gold, and aiming at 2395-2390

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Today we have made very good profits in both long and short gold transactions. First of all, we went long gold near the 2412 position today. Gold successfully hit TP: 2423 during the short-term rebound;When gold hit resistance near the 2434 position, we then shorted gold near the 2432 position and once again successfully hit TP: 2420. In today's transaction, I made a total profit of more than $14K.We achieved better profits than yesterday and also continued our 16-game winning streak!

Gold has been on a roller coaster ride in recent days, with no continuation of the ups and downs. So it brings a certain degree of difficulty to our transactions. As far as the short term is concerned, I feel that without the stimulation of major good news, it will be difficult for gold to refresh the high of 2450 again, so 2450 is definitely the peak in the short term! In comparison, gold is currently in a relatively weak position. After all, gold has never been able to touch above 2440 during its recent rebound. Today it has not even been able to break through the 2430-2435 area, so the upward momentum has weakened.Relatively speaking, the short sellers are also slightly better.

Therefore, in terms of short-term trading, the top will first focus on the 2435-2440 resistance area. When gold rebounds to this resistance area and the upward momentum weakens, you can consider shorting gold. If gold falls below 2406, gold will completely open up the space below and fall further.

Trading requires courage and even more decisiveness. Execution is the only criterion for profitability.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
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When gold rebounds, it is a good opportunity to go short again. Wait patiently for gold to rebound.
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Gold has now rebounded to around 2425. If gold rebounds to around 2430, you can consider starting to short gold.
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Gold is now falling again
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Gold rebounded weakly. It only rebounded to around 2425 before falling again. Relatively speaking, the bears had the upper hand.
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When gold rebounds to the 2430-2435 area, you can consider shorting gold. At present, the bullish momentum of gold is weak, and the rebound is an opportunity for short selling.
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In trading, shorting gold is still the main focus
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Gold fell as expected

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