Already made more than 5K profit and continue to make profits

3 Nis

Today’s gold trading conditions are as follows:

1.Xauusd:@2178-2180 Sell, TP:2277 Profit: +$130
2.Xauusd:@2174-2176 Sell, SL:2277 Loss: -$1055
3.Xauusd:@2184-2186 Sell, TP:2277 Profit: +$1995
4.Xauusd:@2273-2275 Sell, TP:2268 Profit: +$2150
5.Xauusd:@2168-2166 Buy, TP:2273 Profit: +$2720

There was not much profit in gold trading today, only a profit of $5900 was made. Because ADP data will intensify short-term fluctuations in the gold market, for the safety of account funds, I basically set a very small TP, which limits my profits to a certain extent. But my trading principle is that the most important prerequisite is to protect the safety of the account principal, and the second is to strive for profits.
https://www.tradingview.com/x/Xwg2C1VM/

We can see from the current gold trend that gold fell back again and tested support under the negative influence of ADP data. In the process, it did not fall below the 2265 position, so testing the short-term 2265-2260 area support is effective. Moreover, as gold fell back, funds waiting for long positions on the sidelines gradually entered the market, providing important support for pushing up gold prices.

According to the current gold trend and market sentiment, gold still maintains a complete upward trend, and if gold's correction is discontinuous, gold will continue its upward trend. For now, I think gold will also test the 2290-2300 area. So in terms of trading, we can first consider going long gold after waiting for gold to fall back, first focusing on the support of the 2268-2266 area below; secondly, when gold touches the 2290-2300 area again, we can try to short gold again!

I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.

3 Nis

İşlem aktif

If gold falls first, we will first consider going long gold; if gold continues to rise to the 2290-2300 area, we will first consider short-term shorting gold.

3 Nis

İşlem aktif

Gold's decline is discontinuous. 2288 may not be a phased high. Gold may even try to hit the 2300 position.

3 Nis

İşlem aktif

Gold is currently impacting the 2290-2300 area. We can now try to short gold as planned.

3 Nis

İşlem aktif

Are you shorting gold?

3 Nis

İşlem aktif

I'm shorting gold. Are you shorting gold like me?

3 Nis

İşlem aktif

Gold is currently facing psychological pressure in the 2295-2300 area. It should be difficult for gold to break through the 2300 resistance in a short time.

3 Nis

İşlem aktif

Gold is facing market psychological pressure in the 2300 area. In the short term, there should be a correction when gold touches this area, so we can short gold in the 2295-2298 area.

3 Nis

İşlem aktif

Do you think gold will pull back after hitting around 2300?

3 Nis

İşlem aktif

I think that after gold hits the 2300 level, some profits will be eager to cash in, and gold will pull back in the short term.

3 Nis

İşlem aktif

Stick to the short-term level of shorting gold

4 Nis

İşlem aktif

TP:2288

4 Nis

İşlem aktif

At present, gold's short-term support first focuses on the 2288-2286 position area, and secondly focuses on the 2275 position. At present, while gold remains strong, the first step is to reduce expectations for the extent of gold's decline. If gold falls back to the 2288-2286 area and rebounds again, then gold will also touch the 2300-2310 area; if gold falls back to around 2275 and rebounds again, then the strength of gold's rebound may be reduced and the trend of high consolidation will be maintained.