Are you worried about your gold long position?
Gold fell back from around 2330 today and is currently oscillating within a narrow range around the 2312-2315 area. In fact, it is still quite difficult to trade gold today. It is relatively ideal to participate in shorting gold near the 2330 position, but we cannot aggressively chase short gold during the decline. Therefore, if we did not short gold near the 2330 position, then we could only wait and see.After all, gold still has the potential to attack the 2335 area.
Gold is currently oscillating within a narrow range around the 2315-2312 area. This seemingly bottom-but-not-bottom trend brings great confusion to our transactions. There should be many voices in the market that are bearish on gold to the 2290-2280 area. In fact, according to my trading thinking, although gold has fallen sharply, it still maintains a volatile attitude overall, so I will not aggressively chase gold short.
After all, the NFP market shows a long lower shadow line on the candle chart. Before falling below, gold's downside space is still limited; even if it falls below this area, it will take a certain period of time. So based on gold's own fluctuations, I don't think gold can even fall below the 2300-2395 area today.
In addition, gold has repeatedly touched the 2312 position to stop falling in the short term, and has repeatedly seen lower shadows in the ultra-short term, so the 2310-2305 area is still valid. Therefore, we can rely on the support of this area to go long gold, with the target being the 2320-2325 area.
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
Gold is currently oscillating within a narrow range around the 2315-2312 area. This seemingly bottom-but-not-bottom trend brings great confusion to our transactions. There should be many voices in the market that are bearish on gold to the 2290-2280 area. In fact, according to my trading thinking, although gold has fallen sharply, it still maintains a volatile attitude overall, so I will not aggressively chase gold short.
After all, the NFP market shows a long lower shadow line on the candle chart. Before falling below, gold's downside space is still limited; even if it falls below this area, it will take a certain period of time. So based on gold's own fluctuations, I don't think gold can even fall below the 2300-2395 area today.
In addition, gold has repeatedly touched the 2312 position to stop falling in the short term, and has repeatedly seen lower shadows in the ultra-short term, so the 2310-2305 area is still valid. Therefore, we can rely on the support of this area to go long gold, with the target being the 2320-2325 area.
Friends who have followed the channel so far have made good profits as long as they follow my trading signals. If you want to receive detailed trading signals, if you want to learn the latest trading thinking and trading logic, you can choose to follow the channel at the bottom of the article, so that losses will no longer happen and making money will become a pleasure!
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Although gold has shown signs of continuing to fall many times, I firmly believe that gold still has the potential to rise.
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Gold rebounded again to around 2317, and there is still room for gold to continue to rebound.
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Gold rebounded above the 2323 position and successfully hit TP: 2322
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Have you followed my long gold trading strategy?
Trade active:
Although gold rebounded to above 2320 in the short term, it still faces resistance above, so I will look for opportunities to short gold later.
Trade active:
Gold has fallen back to around 2314 again. Have you seized the opportunity to short gold?
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