Already made 18K profit, continue to short gold after rebound
Updated
Today’s gold trading situation is as follows:
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, today gold first rebounded to 2392 and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, gold’s short-term rebound did exceed my expectations.I originally thought that gold's rebound would not exceed 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full profit of 290 points! Achieved daily profit of over 18K.
https://www.tradingview.com/x/RSqIFFCl/
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 area many times recently, and has started to fall downwards. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bullish momentum, we can appropriately lower the short-term resistance expectation to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of the news. With the current interest rate cut expectations reduced, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, the dominant position gradually declined, and the market always returned to the technical level. Overall, gold has a need for a correction at the technical level, which to a certain extent has suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may cause a short counterattack and gold will be sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies, focusing on the key resistance area of 2390-2395 above. 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.
1.Xauusd: @2380.62 Sell, SL:2386 Loss: -$1614
2.Xauusd: @2388 Sell, TP:2372 Profit: +$ 9600
3.Xauusd: @2389.72 Sell, TP:2372 Profit: +$ 10632
To be honest, today gold first rebounded to 2392 and then started to fall, which caused our short position in the 2380-2382 area to touch SL: 2386. To be honest, gold’s short-term rebound did exceed my expectations.I originally thought that gold's rebound would not exceed 2385, so the loss of $1614 during the transaction was the price I paid! Fortunately, I adhered to the correct trading logic and insisted on shorting gold in the 2388-2390 area. As a result, gold fell sharply to around 2370 in the short term, directly hitting TP: 2372, thus making a full profit of 290 points! Achieved daily profit of over 18K.
https://www.tradingview.com/x/RSqIFFCl/
Judging from the recent gold trend pattern, gold has encountered resistance in the 2395 area many times recently, and has started to fall downwards. This area has become the current key resistance level.As gold has made multiple corrections and consumed a certain amount of bullish momentum, we can appropriately lower the short-term resistance expectation to the 2388-2390 area.
In addition, the recent sharp rise in gold is generally due to the impact of the news. With the current interest rate cut expectations reduced, and the geopolitical conflict has not substantially expanded or escalated,after the news calmed down, the dominant position gradually declined, and the market always returned to the technical level. Overall, gold has a need for a correction at the technical level, which to a certain extent has suppressed the enthusiasm of market bulls! After gold's rise stagnates, it may cause a short counterattack and gold will be sold off in large quantities.
Therefore, in terms of short-term gold trading, if there is no major bullish market news, I will still focus on shorting on rallies, focusing on the key resistance area of 2390-2395 above. 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.
Trade active
I once again shorted gold near the 2388 position. Now gold has fallen back to around the 2385 position again, and we have started to make money again.Trade active
We temporarily set TP to 2376Trade active
Change TP to 2378Trade active
Gold's current momentum has slowed during its rebound, and bears still have room to spare.Trade active
I chose to close the position near 2379, and we once again made a handsome profit on the short trade.Trade active
It's getting late now, so we don't have to wait for $1. We can manually close the position near the 2379 position and lock in the profit in time!Trade active
In the next trading, we will still focus on shorting on rallies.Trade active
As gold has fallen back many times, the current short-term resistance area has moved down to the 2385-2390 area.Trade active
Gold is rebounding. We will continue to seize the profits of short gold and wait for opportunities to short gold.
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