As the trading strategy I published in my last article, I am still holding my gold long position. Obviously, I am confident that gold still has the potential and space to rebound. Gold just hit a low of around 3226 during the decline, and did not break the "W" shape structure formed by the recent low of 3207 and the second low of 3215. The oscillating upward structure remains intact, which is conducive to the continued rise of gold; the foreseeable resistance area in the short term is in the 3280-3290 area. Once this area is broken, the area around 3320 is just around the corner!
Trading strategy:
At present, our gold long position has made very good profits, continue to hold it, and let gold fly for a while!
DXY 
XAUUSD XAUUSD GOLD
Trading strategy:
At present, our gold long position has made very good profits, continue to hold it, and let gold fly for a while!
DXY XAUUSD XAUUSD GOLD Trade active
Gold has never destroyed the oscillating upward structure during the retracement process. After multiple retracements to strengthen support, gold will continue to rebound and advance towards the target area of 3280-3290!Trade closed: target reached
It is 1:16 in the morning. I really want to sleep. I just closed my long position in gold at around 3255 manually.According to the trading plan, I went long in gold in the 3250-3240 area. I started to go long in gold at around 3245. When gold fell back, I added more positions in the areas around 3240 and 3230 respectively. Because I wanted to wait and see if gold could hit TP: 3270, I still held my position until now even when gold last touched around 3258. Unfortunately, gold did not continue its upward trend in the short term! At present, gold has rebounded again to around 3257, and I have chosen to manually close my position at around 3255! While locking in profits, I also want to take a good rest and get enough energy to deal with today's daytime trading!
Traders who do not aim at profit are not qualified traders. Maintain a trading win rate of more than 85% and pursue the annual profit target: more than $600K! Witness Free Telegram Group: t.me/Steffen_S68
Related publications
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Traders who do not aim at profit are not qualified traders. Maintain a trading win rate of more than 85% and pursue the annual profit target: more than $600K! Witness Free Telegram Group: t.me/Steffen_S68
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.