Profited $69K this week, continue to short gold

Today is Sunday, and tomorrow we will start a new week of trading. Let’s first summarize this week’s trading results. This week we participated in a total of 20 market transactions, 18 of which ended in profit, and the remaining 2 transactions ended in loss, with a winning rate of exactly 90%. Our overall trading profit is very good. I personally made a profit of 69K in this week's trading. I am very satisfied with this trading result! I hope we can still shine in next week’s market!

So what do you think of the gold market next week? The market is currently in a relatively obvious downward trend, with 2431 as the apex and 2418 as the sub-high. Since the retracement, the decline of gold has been significantly greater than the rebound. The negative candlesticks are obviously more than the positive candlesticks, and there are moves to reach new lows. In the short term, even if gold rebounds partially during the decline, it will fall back immediately after the rebound. The bulls have no counterattack. In the short term, the gold market is still controlled by the bears.

Therefore, we will still focus on shorting gold in the next transactions, and the rebound of gold will give us the opportunity to short gold. In the short term, we will mainly focus on the resistance in the 2305-2310 area and the 2315-2320 area. The following will first focus on the support of the 2385-2380 area and the 2375-2370 area below.

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Trade active:

We will still focus on shorting gold in the next transactions, and the rebound of gold will give us the opportunity to short gold.

Trade active:

In the short term, even if gold rebounds partially during the decline, it will fall back immediately after the rebound. The bulls have no counterattack. In the short term, the gold market is still controlled by the bears.

Trade active:

We will still focus on shorting gold in the next transactions, and the rebound of gold will give us the opportunity to short gold. In the short term, we will mainly focus on the resistance in the 2305-2310 area and the 2315-2320 area. The following will first focus on the support of the 2385-2380 area and the 2375-2370 area below.

Trade active:

The market is changing rapidly, and operations cannot be based on one-dimensional thinking. We must adapt to changes in the market. Only by keeping up with the rhythm of the market can we not be confused by the ups and downs of the market and panic. The market is always right. Don’t fight against the market.

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NFP data on Friday was bullish for gold, but the trend of gold still shot higher and fell, and then fell sharply. Gold bulls were still unable to recover, and gold shorts were still better.

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We have achieved 13 consecutive victories, so we will continue to work hard to maintain the winning streak.

Trade active:

A rebound is an opportunity to short gold

Trade active:

Next we will look for opportunities to continue shorting gold, a 100% profitable trading strategy