Mainly short gold, but there is still an opportunity to go long.

Telah dikemas kini
Bros, since gold has chosen to break down and fall below the short-term support of 2620, it is obvious that the gold bears have a slight advantage in the struggle. So in trading, we mainly focus on shorting gold. The current short-term resistance area has shifted to the 2630-2635 area, so in short-term trading, we can short gold with the 2630-2635 resistance area;

But on the other hand, even if gold continues to fall, it is difficult to completely reverse into a short trend before today's NFP market, which limits the downside to a certain extent. The support area below is in the 2610-2600 area; so once gold falls back to this area, I will still try to go long on gold again; but we need to be careful that once gold falls below 2600, it is likely to continue to fall to around 2580.

Trading strategy:

1. Short gold with 2630-2635 area as resistance;

2. Try to long gold with 2610-2600 area as support (only try once)

3. It should be noted that once gold effectively falls below 2600, it is very likely that gold will continue to fall to 2580 area


Bros, how are you going to trade gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Dagangan aktif
Bros, gold did not continue to fall, and as expected, it began to rebound with 2610-2600 area as support. It has now rebounded to around 2640. Have you followed my trading strategy 2 to go long on gold?
Dagangan ditutup: sasaran tercapai
Good morning, bros! Obviously, according to trading strategy 2, we used the 2610-2600 area as support. I went long on gold near 2614 and hit TP: 2630 at 5:20 am. I feel very satisfied and happy every time I wake up to see that the order has made a profit by hitting TP, because I have realized the dream of making money while sleeping. But no matter what, we recovered the losses from the last transaction and successfully turned a profit!

In fact, the current gold rebound exceeded my expectations. According to my expectations, I originally thought that gold would only rebound to 2635, but I didn’t expect that gold could rebound to above 2640 in one fell swoop. Of course I just woke up and missed the opportunity to short gold above 2640. But I still shorted gold according to trading strategy 1, but I just caught the order to short gold created near 2639. I wish us good luck!
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