Grasping the rhythm of both the long and short sides is profit!

Because gold failed to touch the 2300 position area again overnight, I adjusted the TP of all short positions yesterday to 2316. Today, in the early morning, all short positions touched the TP: 2316. Although the profit was much less than expected,but the transaction will be safer after adjusting TP. After that, I caught the rebound profit in the area near the 2318 position, hit TP:2330 again, and re-created a short order above 2330, and set TP:2320, currently hitting 2320TP again

So far, although gold has made significant adjustments, it has still not effectively fallen below the upward trend line, so gold as a whole still maintains a bullish pattern. However, compared with the previous period, the energy of gold bulls has gradually weakened, while the energy of shorts has gradually become stronger.At present, the small-level box structure of the gold market is being constructed. Before the small-level box structure is broken through, I believe that in short-term trading, high-level shorting will still be the main method, supplemented by low-level longing in due course.

Because gold did not break through the area where it started to fall yesterday during the rebound and repair process. If it is a deep V reversal, I think the strength is still slightly lacking, so I think gold is still in the rebound stage, not a trend reversal. Moreover, the top is also facing multiple technical suppression, so for short-term trading, I am more inclined to short gold above the 2325-2330 area.

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Now gold has once again fallen to around 2316, which is also the bottom area of the small-level box structure, so you can try to do long gold in small batches again in the 2316-2314 area, TP: 2325

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Gold is currently at its lowest level near 2312. I have gone long gold near 2314.7 as planned and set TP: 2325

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At present, gold has rebounded to above 2318 again, and our long position is profitable again.

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We wait patiently for gold to rebound to the TP2325 position area and then backhand short gold.

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Although the current performance of gold is quite weak, there is still some resistance below, so there are still opportunities to make profits in the short term.

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Wait patiently for gold to rebound and hit TP before considering backhand shorting gold. In this way, we can make good profits in both long and short transactions.

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After gold hit the 2312 position in the small level, multiple long lower shadows appeared. The resistance of the bulls below gold was strong, and gold still has a chance to rebound in the short term.