Gold can make money both long and short

Good morning, bros! Today is the beginning of a new week of trading. I pray that everything goes well for us this week!

Gold is currently calm, but behind the calm there are often greater opportunities. Gold is currently trading around 2860. To be honest, when gold fell to around 2830 last week, gold has turned from strong to weak. However, gold once rebounded to above 2855 on Friday, proving that there are still a certain number of bulls who are engaged in self-rescue behavior, or are still relatively optimistic about the prospects of gold.

So gold may still have good rebound momentum during the decline, so we should not blindly chase short gold in trading. Then if gold does not fall below 2855 during the decline, gold is likely to rebound to the 2870-2880 area, or even 2890.

So for short-term trading, we have two feasible trading methods:

1. After gold retests to the 2860-2855 area, you can try to go long on gold;

2. After gold rebounds to the 2875-2885 area, we can go short on gold again

Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!