Trader_Christofer

The idea of shorting gold has been verified again

Short
Trader_Christofer Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In the gold trading strategy today, before the release of the ADP data, I have been reminding everyone not to easily open a long position in gold, mainly to short gold at a high level.Five minutes before the release of the ADP data, I was still reminding everyone that I am more inclined to short gold at a high level.

From the perspective of the whole day, there is actually not much room for gold fluctuations, and of course the trading and profit margins are relatively small. At present, under the influence of negative ADP data, gold has fallen in the short term, and the current lowest has dropped to around 1945. However, it is relatively weak in the short-term rebound process, so our trading strategy of shorting gold is completely correct.According to the current structure, gold will definitely test the support of the 1940-38 area, and may even pierce the 1940 position.So when gold touches the 1940-35 area for the first time, you can try to do long gold in small batches,prudent friends can wait for gold to rebound to the 1955-60 area to short gold again.

Every day, I make more detailed trading plans and trading signals based on the real-time market situation, which is also the testimony of every successful transaction and profit of mine. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
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At present, gold has fallen to around 1941, and a good trading opportunity will appear later.
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At present, gold has pierced the 1940 position as I expected
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So what I want to say now is that the current opportunity to do more gold has come
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