Long

The pullback and adjustment encounter resistance.

Today, gold opened with a direct rebound and rally. As of now, after gold reached a high of around 3,500 at its peak, it started to pull back and adjust. This also confirms what we said earlier that gold was aiming for the level around 3,500. I have repeatedly emphasized that one should not chase long positions at high levels. Taking long positions near 3,450 after a pullback is a more stable and secure approach. Moreover, today I also assisted many friends who contacted me in successfully unwinding their long positions at high levels. Right after the positions were unwound, gold began its pullback journey, reaching a low of around 3,443. In our actual trading, we entered long positions at around 3,448-3,450. We perfectly made a profit of ten US dollars and exited the positions. We will continue to focus on taking long positions after pullbacks. Try to avoid contrarian operations and chasing long positions at high levels as much as possible. Otherwise, the market will teach those who are not convinced a lesson.
If your current gold trading performance is not satisfactory and you hope to avoid detours in your investment, you are welcome to communicate and exchange ideas with us!

HilaryBloomer

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HilaryBloomer

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