Grasping the rhythm of both the long and short sides is profit!
Updated
Because gold failed to touch the 2300 position area again overnight, I adjusted the TP of all short positions yesterday to 2316. Today, in the early morning, all short positions touched the TP: 2316. Although the profit was much less than expected,but the transaction will be safer after adjusting TP. After that, I caught the rebound profit in the area near the 2318 position, hit TP:2330 again, and re-created a short order above 2330, and set TP:2320, currently hitting 2320TP again
https://www.tradingview.com/x/IL9CfXvu/
So far, although gold has made significant adjustments, it has still not effectively fallen below the upward trend line, so gold as a whole still maintains a bullish pattern. However, compared with the previous period, the energy of gold bulls has gradually weakened, while the energy of shorts has gradually become stronger.At present, the small-level box structure of the gold market is being constructed. Before the small-level box structure is broken through, I believe that in short-term trading, high-level shorting will still be the main method, supplemented by low-level longing in due course.
Because gold did not break through the area where it started to fall yesterday during the rebound and repair process. If it is a deep V reversal, I think the strength is still slightly lacking, so I think gold is still in the rebound stage, not a trend reversal. Moreover, the top is also facing multiple technical suppression, so for short-term trading, I am more inclined to short gold above the 2325-2330 area.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
https://www.tradingview.com/x/IL9CfXvu/
So far, although gold has made significant adjustments, it has still not effectively fallen below the upward trend line, so gold as a whole still maintains a bullish pattern. However, compared with the previous period, the energy of gold bulls has gradually weakened, while the energy of shorts has gradually become stronger.At present, the small-level box structure of the gold market is being constructed. Before the small-level box structure is broken through, I believe that in short-term trading, high-level shorting will still be the main method, supplemented by low-level longing in due course.
Because gold did not break through the area where it started to fall yesterday during the rebound and repair process. If it is a deep V reversal, I think the strength is still slightly lacking, so I think gold is still in the rebound stage, not a trend reversal. Moreover, the top is also facing multiple technical suppression, so for short-term trading, I am more inclined to short gold above the 2325-2330 area.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
Trade active
Now gold has once again fallen to around 2316, which is also the bottom area of the small-level box structure, so you can try to do long gold in small batches again in the 2316-2314 area, TP: 2325Trade active
Gold is currently at its lowest level near 2312. I have gone long gold near 2314.7 as planned and set TP: 2325Trade active
At present, gold has rebounded to above 2318 again, and our long position is profitable again.Trade active
We wait patiently for gold to rebound to the TP2325 position area and then backhand short gold.Trade active
Although the current performance of gold is quite weak, there is still some resistance below, so there are still opportunities to make profits in the short term.Trade active
Wait patiently for gold to rebound and hit TP before considering backhand shorting gold. In this way, we can make good profits in both long and short transactions.Trade active
After gold hit the 2312 position in the small level, multiple long lower shadows appeared. The resistance of the bulls below gold was strong, and gold still has a chance to rebound in the short term.
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