Gold stands at 2900 as expected, go long gold!

Gold fell sharply to around 2281, then fluctuated sideways, broke upward and stood above 2900. Although this decline in gold exceeded my expectations, it still stopped its decline in the 2280 area. Then gold is still likely to use the 2280 area as support and replicate the trend after April 23, and may build a new upward channel in the short term.

At present, we are mainly observing two positions, one is 2290. If gold effectively stands above 2290, then gold will turn from weak to strong in the short term, and may even continue to rebound to around 2300;In addition, we need to pay attention to 2280 below. If gold falls below 2280, gold may continue its weak correction and even continue to test the 2270-2260 area downwards to find support.

Currently, I still hold a long position near the 2386 position. Now that gold is trading above 2290, we still have a certain profit. We will continue to hold it first, with a tentative target of around 2300. In addition, the Federal Reserve's interest rate decision is coming soon, which will bring us better trading opportunities and better profits waiting for us. Let us look forward to today's gold market!

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. !

Trade active:

ADP data will be released soon. I think the probability of gold continuing to rebound is relatively high.

Trade active:

Although the ADP data is negative for gold, the probability of the Federal Reserve keeping interest rates unchanged in May has risen to 99%, so gold has not fallen. Then gold may continue to rebound. The current highest gold price has reached 2298. We continue to look at 2300

Trade active:

Gold breaks 2300 and our long position profits are expanding

Trade active:

Currently gold has hit TP: 2302, making over 10K profit again in today's long trade. Very good trading experience

Trade active:

Gold continues to rebound. I will try to start short-term shorting of gold later.

Trade active:

Today's transaction has achieved continuous profits. We have just shorted gold above 2310 and once again hit TP: 2298.

Trade active:

Gold rebounds again, we can consider shorting gold again