Earn 12 pips on long and short two-way trades
It is actually not easy to participate in gold trading today, because after gold breaks through upward with the help of news, you also need to be careful of gold falling back at any time after the news is digested by the market.Therefore, at the current position, we cannot be too short on gold, nor too long on gold, which brings us a lot of difficulties in trading. But in such a difficult situation, we still made a profit of 12 points in the transaction. Although this result is not good, I feel that in this market background, if we do not lose money, we are already making money.
As gold hovers near 2040, there are two voices in the market. First, there is demand for gold to fall back after a sharp rise, and second, gold may hit previous highs after an upward breakthrough. According to the current gold trend pattern, the buying support below gold is strong, limiting the space for gold's correction; after the market gradually digests the news, the bulls' energy seems to have slowed down, while the top is facing suppression from the previous highs. Therefore, gold is currently trapped in a high and volatile market. Then in the next transaction, we can use the support and resistance to perform high sell and low slag operations. But relatively speaking, because the market's bullish sentiment is currently high, we try to mainly rely on support to be long gold in short-term trading.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
As gold hovers near 2040, there are two voices in the market. First, there is demand for gold to fall back after a sharp rise, and second, gold may hit previous highs after an upward breakthrough. According to the current gold trend pattern, the buying support below gold is strong, limiting the space for gold's correction; after the market gradually digests the news, the bulls' energy seems to have slowed down, while the top is facing suppression from the previous highs. Therefore, gold is currently trapped in a high and volatile market. Then in the next transaction, we can use the support and resistance to perform high sell and low slag operations. But relatively speaking, because the market's bullish sentiment is currently high, we try to mainly rely on support to be long gold in short-term trading.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Trade active:
Xauusd:@2030-2028 Buy TP:2038
Trade active:
Gold has now rebounded to around 2033, and our long positions have begun to make money again.
