7 consecutive intraday trading wins, then go long gold!

Today, I shorted gold near 2330 many times and went long gold in the 2318-2315 area many times. I achieved 7 consecutive short-term trading wins during the day and made a total profit of more than $19K. It should be regarded as a relatively good short-term trading result!

During the rebound, gold continued to rise with a strong positive line, reaching the highest level near 2337. The rebound strength increased, and the market bulls were eager to try again. Judging from the short-term trend, although gold has fallen back many times after rebounding, it has found support in the area near 2315. As the lows continue to move upward, gold has obvious signs of concussion and bottoming. Now, gold is constantly testing and consolidating the support in the area near 2320 during the decline. If the support is tested once it is effective, then gold will initially have the conditions to attack the 2350-2355 area again.

Therefore, according to the current gold trend pattern, since gold has shown signs of oscillating and bottoming out, and has shown strong resilience during its decline, we still cannot be overly bearish on gold in short-term trading.We might as well try to go long gold in the 2325-2320 area.

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Boldly go long gold in the 2320-2318 area

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Gold rebounded again after hitting near 2318, consolidating gold's support in the 2320-2315 area

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Gold has tested the 2320-2315 area support many times without falling below it. Gold will rise again after consolidating the bottom.

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Gold has tested the support of the 2320-2315 area many times, but has never been able to fall below this area. Gold still has a chance to rise.

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Now that the gold market has closed, we are waiting for the Asian session to start

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Gold is still running above 2315, and there should be a chance to rebound.

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After touching the 2315 position, gold rebounded again and has now rebounded to above 2321

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Gold fell in the short term, I went long gold again in the 2310 and 2305 areas.

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Good morning, guys, gold encountered resistance near the 2322 position many times during its rebound today, so for the long position overnight, I chose to manually close the position near the 2321 position to lock in profits in a timely manner. Sure enough, after closing the position, gold fell sharply to around 2305 in the short term and once again touched the upward trend line support, so I promptly went long gold in the 2310 and 2305 areas and set TP: 2318. Gold has now rebounded to above 2320. , successfully hit TP.

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Gold is currently approaching the 2330 mark again. If gold breaks above 2330 again, I will consider starting to short gold.

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Guys, gold started to retreat from Monday this week and once fell below the 2300 mark, but the overall decline has not been effectively extended.Gold bulls have repeatedly turned the tide in the rising trend line area to prevent gold from continuing to fall, and pushed gold to a high of 2337 again yesterday.

Different from the previous unilateral rising pattern, gold's tossing back and forth without continuation laid the foundation for shock adjustment. Therefore, it is relatively easy to operate during the shock period. As long as you do not chase the rise or fall during the transaction,it is easy to make profits on both the long and short sides.

At present, gold is once again approaching the 2330 mark, and there is still room for gold to rebound. After breaking through 2330, I will consider shorting gold. The top will focus on the 2335-2340 resistance area, and the bottom will focus on the 2320-2315 support area.