Close all short positions and buy gold
I shorted gold at 2385, 2390 and 2395 overnight according to the trading strategy. If you read my last article carefully, I believe you have not missed the short trading plan. Currently, gold has fallen back to around 2383. I have Closed all short positions at 2384 and is considering going long gold.
Although gold continued to fall today, it showed strong resilience during the decline. Yesterday I mentioned in the article that before gold hits the 2400 target, there must be a need for a correction, which will be more conducive for gold to hit 2400 or even higher. I originally expected gold to fall back to the 2375-2370 area, but based on the current strength of gold's decline, gold does not even have the ability to fall below the 2380-2375 area support.
So in the short term, I think gold has pulled back enough so I closed all my short positions. And I am considering going long gold around the 2380-2375 area support, target: 2402.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Although gold continued to fall today, it showed strong resilience during the decline. Yesterday I mentioned in the article that before gold hits the 2400 target, there must be a need for a correction, which will be more conducive for gold to hit 2400 or even higher. I originally expected gold to fall back to the 2375-2370 area, but based on the current strength of gold's decline, gold does not even have the ability to fall below the 2380-2375 area support.
So in the short term, I think gold has pulled back enough so I closed all my short positions. And I am considering going long gold around the 2380-2375 area support, target: 2402.I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
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Gold rebounded to around 2385 and our long positions have started to make money
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Although the initial jobless claims data are negative for gold, gold fell back but still stands firmly above 2370. Gold still has the potential to rise.
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Gold has rebounded above 2380 again and our long positions have made good profits
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Gold still has room to continue its rebound, and gold bulls are not done yet
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Gold's rise is blocked. If gold can hold 2380, then gold still has room to rebound.
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Don’t rush into trading now, be patient and wait for opportunities to arise.
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If gold cannot break through the 2385 position area for a long time, then the next trading rhythm may be dominated by shorting on rallies.
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Do you think gold has peaked in the short term?
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Does gold still have a chance to hit 2400?
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If gold fails to stand above 2380 before the market closes, gold may turn from strong to weak
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