Gold maintained a volatile trend today, but the highest intraday price only touched 3343. Overall, gold is still weak, but the bulls have not completely given up, and there is still a certain amount of energy, which limits the retracement space of gold. The current short-term support is in the 3325-3315 area. If gold cannot fall below this area in such a weak situation, the market may reach a consensus that 3325-3315 is the support area, thereby attracting a large amount of buying funds to flow into the gold market, thereby boosting gold to regain the bullish trend again and is expected to hit the 3350-3360 area.
So for short-term trading, I currently prefer to start long gold with the 3325-3315 area as support, first expecting gold to recover some of its lost ground and return to the 3350-3360 area!
So for short-term trading, I currently prefer to start long gold with the 3325-3315 area as support, first expecting gold to recover some of its lost ground and return to the 3350-3360 area!
Trade active
Because of the news that Trump hinted at firing Powell, gold surged in the short term, and therefore our gold long position made a profit of 230 pips in just 40 minutes.Gold retreated to the 3325-3315 area as expected, and did not fall below 3320 after multiple tests, so we decisively seized the opportunity to go long on gold near 3323. Although gold was fueled by the news, it also rose sharply as expected. Our long position made a profit of 230 pips in just 40 minutes. It was a very successful short-term transaction. Did you follow my trading strategy to go long on gold?
Trade closed: target reached
Bros, because the market heard the news that Trump hinted at firing Powell, which stimulated the short-term volatility of gold, in order to protect the security of my account, I missed the opportunity of gold's retracement, but when gold just fell back to around 3340, we seized the opportunity to go long on gold again and set TP: 3355. Just now, gold hit TP: 3355 during the rebound, adding another 150pips profit to us!Bros, today we perfectly grasped the trading opportunities of going long on gold twice, and created 230pips and 150pips of profit respectively. I successfully made a profit of $18K in the two long gold transactions. Today is definitely a day of considerable profit! Let's toast to celebrate it!
Detailed strategies, accurate signals, considerable profits, Telegram group：t.me/Steffen_S68
Learn detailed trading strategies and get accurate trading signals, Telegram group: t.me/Steffen_S68
Learn detailed trading strategies and get accurate trading signals, 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.
Detailed strategies, accurate signals, considerable profits, Telegram group：t.me/Steffen_S68
Learn detailed trading strategies and get accurate trading signals, Telegram group: t.me/Steffen_S68
Learn detailed trading strategies and get accurate trading signals, 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.