Trader_Christofer

Look for opportunities to do long gold and make 100% money

Long
Trader_Christofer Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Today, with the support of CPI data, gold broke through the 1950 integer mark in one fell swoop, and the gold bulls have an absolute advantage. Before the release of the CPI data, I have reminded everyone that the CPI data is not easy to predict, but there is a high probability that it will be bullish for gold, and according to the current structural trend, gold will definitely try to hit the 1960-65 resistance area. Therefore, in the current transaction, we are also mainly long gold.

Today, before the announcement of the CPI, I would like to inform everyone that the price limit transaction for long gold is set near the position of 1922, which is also to avoid the market from going up and down. But it is a pity that gold did not make an effective correction after the data was released. Instead, it rose all the way. Unfortunately, our limit order was not triggered, so we regrettably missed the profit. However, if you don't lose, you earn. There are many trading opportunities in the market, as long as our trading thinking and logic are correct. I think we'll get a better profit on the next deal.

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Although the bullish potential of gold is relatively strong, it is obvious that it is not appropriate to directly chase gold now.
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