XAUUSD Trading Strategy for Today
Gold Market Update & Today's Trading Strategy
Yesterday, gold reached 2717 before beginning to decline, hitting a low near 2690. This successfully met our target levels, generating significant profits. However, the upward trend in gold is still ongoing. Gold has now approached the 2730 level. Entering buy positions at this level carries high risks. Therefore, my recommendation remains to short at suitable levels for short-term gains.
XAUUSD Trading Strategy for Today:
Sell @ 2730-2740
Take Profit (TP): 2720 / 2710
Although gold is in an upward trend, the risks of shorting are lower than those of going long. Waiting for the rally to conclude provides more opportunities for higher profits.
Yesterday, gold reached 2717 before beginning to decline, hitting a low near 2690. This successfully met our target levels, generating significant profits. However, the upward trend in gold is still ongoing. Gold has now approached the 2730 level. Entering buy positions at this level carries high risks. Therefore, my recommendation remains to short at suitable levels for short-term gains.
XAUUSD Trading Strategy for Today:
Sell @ 2730-2740
Take Profit (TP): 2720 / 2710
Although gold is in an upward trend, the risks of shorting are lower than those of going long. Waiting for the rally to conclude provides more opportunities for higher profits.
Click the link to enter the channel and get the signal t.me/LukeBaileyStrategy
Click the link to enter the channel and get the signal t.me/LukeBaileyStrategy
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.