Try going long gold in small batches

May 1

Fundamentals:

Focus on US economic data and Fed dynamics;

Technical aspects:

Gold continues to fall and is currently testing the 3200 mark. It is undeniable that gold is currently in a clear bearish trend, and the foreseeable area below is the 3185-3175 area, which is a strong support in the short term. However, the long and short sides are currently wrestling at the 3200 mark, and I think there will still be repetitions in the short term. So gold should rebound before falling to the 3185-3175 area.

Trading strategy:

Consider trying to go long on gold in small batches in the 3210-3200 area, TP: 3220-3230.

Please note: In order to protect the security of the account, as gold rebounds, you can consider gradually moving up the SL to ensure profits.

May 1

Trade active

I have gone long on gold in the 3210-3200 area many times according to the trading strategy. Gold has never fallen below 3200 and has successfully touched above the target area of ​​3220 many times. My long trades were successfully triggered and I made good short-term long profits. Did you follow me to go long on gold?

May 1

Trade closed: target reached

Even after I closed the long position, I also reminded everyone that gold still had room to rebound and we could continue to follow up on the gold long trade. After the reminder, I also bought gold near 3222. Currently, gold continued to rebound to around 3235. I have closed the long position again to lock in profits in time.📈📈📈

Except for one long trade that turned from profit to loss due to the wrong TP setting, other short-term long trades according to my trading strategy have achieved very good trading results. Although the profit of each transaction is not much, but the accumulation of each profit, today's overall profit does not look too bad. We must applaud our own efforts! If you follow my trading strategy and make a profit, congratulations!