7/2 Trapped Orders from Yesterday Turned Profitable

162
Good morning, everyone!

Yesterday’s early-entry gold short position encountered some temporary drawdown, but thanks to flexible adjustments, the trade has now moved into profit overall.

Currently, the price is hovering near a key support area. Based on the 1H and 2H charts, there is still room for further downside. At this point, there are two strategic options:

Close the position to lock in current profits;

Hold the position and wait for further decline, keeping in mind that if support holds, the price may rebound back toward the 3350 level, introducing some risk.

You can decide whether to stay in the trade or exit, depending on your risk tolerance and trading plan.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.