Easily gain profits of more than 10 points again
Today I gave a trading idea in the channel, which mainly uses the 1980 position as a defense to short gold. The specific trading signal is to short gold in the 1974-1976 area, TP: 1964. Obviously, after the PPI data was released, gold rose to the area where we shorted gold, and then fell directly to my expected profit target of 1964. We easily made a profit of more than 10 points. I am very happy to make money with you all again.
Today I mentioned many times that I should be careful about gold rising and then falling back. Sure enough, today gold did exactly what I expected. Gold is currently trading near 1963. I don’t recommend going long in gold for the time being, because the support at 1960 is not strong. Gold is still in a short trend as a whole. Gold may fall below 1960 at any time, so don’t go long in gold for the time being. What’s next? I will be looking for opportunities to short gold again.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Today I mentioned many times that I should be careful about gold rising and then falling back. Sure enough, today gold did exactly what I expected. Gold is currently trading near 1963. I don’t recommend going long in gold for the time being, because the support at 1960 is not strong. Gold is still in a short trend as a whole. Gold may fall below 1960 at any time, so don’t go long in gold for the time being. What’s next? I will be looking for opportunities to short gold again.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
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Continue to short gold using the 1960-1962 area as defense
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Continue to short gold near 1964
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We have already made a small profit by shorting gold, but I firmly believe that gold will fall and our profits will expand accordingly.
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Gold will continue to fall
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At present, gold has fallen to around 1960 again.
