Gold: Where are the bulls taking profits?
On the 15-minute chart for gold, the MACD is about to form a golden cross, which is a bullish signal. We entered a long position accurately near 1847 and are currently holding it, waiting for the first take profit level near 1853.
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Second objective, 1857
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For friends who didn't get a chance to enter long positions, you can consider entering around 1851,If we backtest around 1845, it may be a good opportunity to increase long positions
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It is still around 1851, hold long positions and continue to wait for the arrival of the market, if it reaches 1857 first, you can do TP first, if it falls to around 1845 first, you can increase your position and wait for TP
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Long positions near 1845, with the first profit target around 1851
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1851 take profit has been reached
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Currently retracing, waiting for a bullish continuation around 1845 to enter long.
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Bulls are making a profit, we can take-profit at 1849
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Gold falls short-term, pay attention to risk control, if it falls below 1837, there is a high probability that it will continue to fall to around 1831
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Holding a long position in gold, one can add to the position below 1840, with a take-profit at 1842
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Gold is plummeting straight down to around 1833, currently with minor support at this level. The 4-hour chart still shows a bearish trend, so long positions should not be held for too long. If the resistance at 1839 cannot be broken through, it is highly likely that gold will further fall below 1830. Therefore, trading should focus on short positions.
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Gold plummeted sharply in a short period of time due to news influence, reaching a strong support level around 1820. The probability of winning the bullish game is higher here, with a take-profit target set at 1825-1827
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1825 take profit reached
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Gold trading is over, if it can reach around 1815, you can go long again
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If you have a long position near 1815, you can choose to take profit near 1821.
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Currently in 1818, you can choose to take partial profits first.
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Gold is approaching 1821, take full profits now.
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If you want to continue trading gold, I suggest trading in the range of 1813-1823. If the gold price stays around the 1823 level, you can confidently go long, with a target of around 1837-1841. If it falls below 1813, there is a high chance it will drop to around 1804. Trading requires good risk control, sufficient margin in your account, and precautions against unexpected situations. At the same time, I recommend that you set stop-loss orders, especially in the current volatile market conditions.
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Thank you for your attention and support. I hope you can continue to follow and support me. I will bring you more wonderful strategy sharing and accompany you to enjoy every day happily!
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Wish you all the best!
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As expected, gold fluctuated between the range of 1813-1823 in the final hours yesterday, and today it dropped below 1813. Therefore, our first target below is around 1804. The trend has now changed from bullish to bearish, so when trading, it is mainly to short at high levels. I will continue to monitor market trends and share strategies in real-time. Your attention is welcomed
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Today's strategy has been updated, everyone is welcome to check it out, and if you have any questions, you can leave a message in the comment area! Thank you for your attention and support!
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Gold is currently fluctuating around the first resistance level of 1814, and we will continue to monitor and observe its movements
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Judging from the current trend, the resistance around 1814 is relatively large, and we continue to wait for the market to develop
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The price of gold is still fluctuating around the vicinity of 1814. If it breaks through, it could rise towards 1819-1823. If it doesn't break through, it could fall towards 1809-1804
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Gold has broken through the resistance level at 1814 and is expected to rise to around 1821-1823. If there is sufficient margin, long positions can be established, with profit-taking near 1820.
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The ADP data is bearish for gold, but there is little volatility. Hold positions.
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Gold short-term pulls up, long positions are close to stop profit, continue to hold positions
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Gold bulls reach take profit
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Today, gold continues to be bought at low levels and sold at high levels, with the range between 1809-1823.
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The latest gold trading strategy has been updated, you can go to my homepage to see, thank you for your attention and support, I wish you a happy day!
