Besttraderking

Four weeks in a row with a 100% win and a super stat week

Short
Besttraderking Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold on Friday finally chose to rebound past 1913, and touched the 1920 position! Now the market has reached a crossroads, whether it breaks through 1920 early next week is very critical! It also determines whether the gold market will start a rebound or continue to trend down!

This week, gold first fell and then rebounded, we began to short all the way from Monday, the highest short single 7 consecutive wins! On Friday we adjusted our thinking in time to buy gold in 1900-1908 and finally gold rebounded in 1920 to end the trade, and we also ended the perfect week to continue to maintain a 100% win rate.

From the daily line, the gold Thursday cross star, Friday solid Yang line, is indeed a turning point signal, but it is not sure whether the reversal is true! Because it's perfectly normal to have a rebound during a decline!

And on the 4-hour level, gold closed on Friday just closed in the long and short watershed position, can be up and down! So next week is critical! According to the principle of the trend, the 1920 position can continue to short bear! And if you want to turn long, the first step of the market is first to break through 1920, and then fall back must stand firm 1920 in order to establish a reversal!

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Gold orders sold in 1920 can be sold at a profit in 1911, congratulations to everyone for continuing to maintain a 100% win rate
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We sold gold today in 1920 and prompted to close the trade in 1911, then continued to buy in 1911 and can now close the trade in 1920, and today we once again won, maintaining a 100% win rate for the fifth consecutive week.
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Gold broke through 1920 and continued to rise, I hope you can carefully read the content of my article, you can certainly learn a lot.
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The pressure position is 1932-1935, so 1930 can sell the gold target 1924-1922
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It was clear that we sold gold in 1930 for another profit, and all the signals were correct 100%
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Gold yesterday strongly broke through the suppression of 1920, indicating that the decline has come to an end for the time being, opening the shock adjustment mode! It is too early to talk about the reversal of the trend, or treat it as a shock adjustment, and the pressure above is the previous consolidation 1930 position, today's rebound near this position short!





Gold yesterday broke through the suppression of the downtrend line, then the decline from the 1970-1893 position has temporarily come to an end, and now begins the adjustment phase, as can be seen from the hourly chart is now a small 5 wave rebound! Just touched the pressure of 1930 position, this wave rebound as a wave rebound, the rebound section has been completed, then there will be a b wave adjustment, and then a c wave pull up!



So today is to adjust the trend, and the pressure above 1930 still exists, the support below is 1915 position, and now the day back to 1920 near 1915, you can see more rebound, if the Eurasian plate directly first rose near 1930 is directly empty! The city near 1930 is still mainly empty!
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Orders sold in 1930 can be closed in 1924. Congratulations
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Orders sold in 1930 can be closed in 1924. Congratulations
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Because the United States closed early yesterday, gold volatility is limited, now the pressure position of gold is still 1933, no breakthrough before, the current trend as a shock to treat, early relying on the pressure of 1933 continue to short bear!


Gold from the daily trend, or the trend of the downward market, but short-term support near 1890, and then the shock! Now has completed the rebound section, from the hour chart, the rebound after the small 5 waves of the rebound, and then rose again failed to break through the new high, forming a second high!


The rise has been blocked, the shock trend, the rise and fall each other, so the next start to go back down or high sideways! Then the operation relies on the pressure of 1933 to short, whether it is high sideways or open down, shorting is more appropriate! Unless the market breaks strongly above 1933, we will change our thinking!
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We had a perfect victory today by selling gold in a row from 1930 to 1935.
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We had a perfect victory today by selling gold in a row from 1930 to 1935.
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GOLD 1915buy tp1925-1930
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TP done 1927
Trade closed: target reached:
GOLD1902-03 buy tp1915-1920
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Orders bought in 1902-1903 can continue to be held, waiting for the target position of 1915-1920
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Orders bought in 1902-1903 can continue to be held, waiting for the target position of 1915-1920
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We can close orders bought in 1918-1920, gold will rise and then fall today, and we can sell tp1895-1890 in 1918-1925
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GOLD1925sell tp1900-1895 SL1931
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Unfortunately our 5-week winning streak came to an end today, our buy order today won, but finally the sell gold order in 1925 hit a stop loss. But that's okay, nobody can win all the time and hopefully next week we can start our winning streak again
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GOLD1932-1934sell TP1918-1915 SL1941

GOLD1915-1918buy TP1932-1934 SL 1909
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Gold orders bought in 1915-1918 can all be closed in 1916 Congratulations
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Gold orders bought in 1915-1918 can all be closed in 1926 Congratulations
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Gold orders bought in 1915-1918 can all be closed in 1926 Congratulations
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GOLD1930sell tp1915-1910 SL1938
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Gold can be locked in the 1928-1950 range for trading today, mainly by stepping back and buying
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GOLD1932-1933buy tp1945-1948 SL1923
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TP done
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1932-1958
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1932-1958
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1963-1960 Orders sold in gold were all closed in 1953, and after the rally could continue to sell in 1963-1960
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