Trader_Christofer

Continue to do long gold at a low level

Long
Trader_Christofer Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The gold trading signal I announced today is to do long gold near the position of 1921-1923, and successfully reached our profit target position of 1928, and achieved good profits.

From the perspective of the US dollar, the US dollar has been suppressed around 103.4 and failed to break through. Therefore, from the perspective of space and time, the probability of the US dollar falling next is very high. So from the perspective of the US dollar, we must focus on doing long positions at low prices for non-US products.

According to the gold structure, the current short-term support is at the 1919-1920 area, and it should not fall easily in the short term, and the current 1930 position needs to be broken through, and from the range point of view, the 1930 position is not the short-term top position, 1937-1940 is the current short-term top position. So gold still has the potential to break through upwards.

Therefore, in terms of future market operations, I suggest that everyone can continue to enter the market around 1920 and do long. First look at 1930 at the top, followed by the 1937-1940 high point.

For more trading signals and trading plans, you can follow the bottom of the article to view details!
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I just shorted gold on gold trading and have successfully reached our profit target at 1925
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Let's go long gold again now,1922-1923 Buy
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Gold is still supported by the 1919 position, you can increase your position around 1919 and do long gold
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