Short gold on rallies in the short term
Yesterday's strategy for gold was to buy on the dip and capture the rebound, which was successful, reaching the first take-profit level, and most positions were likely closed. Spot gold maintained a small rebound trend during the day and is currently trading around $1,815 per ounce.
The current strategy has temporarily shifted. The previous first take-profit level has not been broken and has formed a temporary resistance level. Today's strategy is mainly to sell on rallies. The strategy is subject to change depending on the situation, and those who are unsure how to manage their positions can join the discussion channel for advice. Many hands make light work. Welcome to join us.
Trading is a trial-and-error process! In the face of constant errors, the main problems are the depletion of funds and psychological distress. A trader must reduce the probability of making mistakes because your profits come from the losses of others. In other words, profits can only be earned when someone makes a mistake in the market. However, you cannot calculate or predict how many people will make mistakes or how big their mistakes will be. Also, you cannot guarantee that you will always be on the right side of the trade. Therefore, in trading, the only thing you can do is to minimize the duration of your mistakes. The rest is to wait for others to make mistakes and hope for the best.
The current strategy has temporarily shifted. The previous first take-profit level has not been broken and has formed a temporary resistance level. Today's strategy is mainly to sell on rallies. The strategy is subject to change depending on the situation, and those who are unsure how to manage their positions can join the discussion channel for advice. Many hands make light work. Welcome to join us.
Trading is a trial-and-error process! In the face of constant errors, the main problems are the depletion of funds and psychological distress. A trader must reduce the probability of making mistakes because your profits come from the losses of others. In other words, profits can only be earned when someone makes a mistake in the market. However, you cannot calculate or predict how many people will make mistakes or how big their mistakes will be. Also, you cannot guarantee that you will always be on the right side of the trade. Therefore, in trading, the only thing you can do is to minimize the duration of your mistakes. The rest is to wait for others to make mistakes and hope for the best.
Comment:
Buying point: 1818 Take profit: 1813
Comment:
focus on initial jobless claims
Comment:
Gold Falls, Immediately to Target
Comment:
Data is bullish for gold, don't worry
Comment:
1823 can consider adding
Trade active:
Reach the position increase point
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