Gold Spot / U.S. Dollar
Long
Updated

Start going long on gold

399
At present, the trend of gold is relatively calm, but as gold rebounds, a certain support strength has been shown below; and the short-term negative news has all appeared, and gold needs to rebound at the technical level. Therefore, I think we can try to go long on gold in small batches in the current area of ​​3230-3220, and expect gold to continue to rebound to the 3250-3260 area, or even the 3280-3290 area.

Trading strategy:

Try to start going long on gold in small batches in the 3230-3220 area; TP: 3250-3255
Trade active
As expected, gold rebounded after reaching 3221 and has now rebounded to 3236. We have made a good profit. Have you followed my trading signal to go long on gold? Even in a bearish trend, we can still accurately capture local fluctuations to make profits.
Trade closed: target reached
We continue to make profits on our long positions in gold, and I think that as long as you have the courage to join me in going long gold in the above areas, I am sure that you will once again make good profits as well. I have just chosen to manually close the order near 3238 to lock in profits in time. As long as we are satisfied with the profits, we don't have to wait for TP.

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.