Gold is bullish to the 2335-2345 area before falling back

Today we made a good profit in gold long and short transactions, which gave us a good start for this week's trading. First, we shorted gold near the 2323 position in the morning. When gold fell back and touched the 2316 position many times, it stopped falling, so I closed the position near the 2317-2316 position in time to lock in profits in time;Then we went long gold near the 2315 position and set TP: 2328. Gold successfully hit TP during the rebound to above 2330; just now gold hit TP: 2320 again during the fall, and the total profit in today's transaction was: $23K. And continue the good results of 18 consecutive wins!

During today's rebound, gold strongly broke through the 2310-2315 resistance area and broke through the high point since May. Gold has turned from weak to strong in the short-term; it has successfully built a triple bottom structure in the short-term structure and established effective support below. The short-term upward momentum is intact, and gold still has the potential to continue to rise. However, as the weekly candle chart weakened last week, we must also be careful of the market falling back after rising high. The main pressure above is focused on the 2335-2345 area.

Therefore, we are still very flexible in the next transaction. First, we can use the support below to go long gold; after waiting for gold to rise, we can use the resistance area to short gold. In this way, we can strive for maximum profits in long and short transactions.

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If gold falls first, we can go long gold again in the support area

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Let’s wait and see for the time being to see whether gold is the first to rise or fall first.

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If gold takes the lead to rebound to around the 2335 area, we will first consider shorting gold.

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If gold still maintains a shock pattern and does not break downward, then the support area will move up to the 2320-2315 area

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Gold as a whole still maintains a volatile upward structure. We can still wait for a pullback and continue to be long gold.

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If gold falls back below 2320, we will consider trying to go long gold

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The market will be closed soon. When the market opens again, there will be good trading opportunities in the gold market. Let us look forward to it together

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Looking forward to the performance of gold, waiting for gold to fall back and continue to be long gold, bullish to 2335-2345

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Gold is the first to rebound. After gold rebounds, we will choose to short gold so that we can earn profits during the gold correction.

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At present, both the long and short sides have the potential to make profits. Let's first observe whether gold will be the first to rebound or fall first. Only by mastering the correct trading rhythm can we make money in the market

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At present, both bulls and shorts have good profit potential. We first observe whether gold is the first to hit the resistance area, or whether it falls back to the support area first.

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Use the support area and resistance area to go long or short gold. It is best not to participate in market transactions in the middle position to avoid being swept back and forth.