Over the weekend, I gave a trading strategy for going long at 3315-3305. Today, I updated and optimized the long order trading, maintained the high-short-low-long trading strategy, and began to rebound near the 3300 line, and successfully touched the long TP 3333. At present, I am executing short trades again according to the trading strategy and holding short orders.
Although gold has only retreated to around 3330, I am not worried about losses and failures in short trades. As I wrote in today's post, the daily K-line chart has a head and shoulders top pattern. As long as the bulls fail to recover 3360, it is still a short trend. Therefore, in the short term, I still think that the rebound is a good opportunity for us to go short.
At present, the short-term bullish momentum of gold has been consumed and the downward trend continues. Therefore, I still insist on holding short orders in the short term.
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and being strict with yourself. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD GOLD
Although gold has only retreated to around 3330, I am not worried about losses and failures in short trades. As I wrote in today's post, the daily K-line chart has a head and shoulders top pattern. As long as the bulls fail to recover 3360, it is still a short trend. Therefore, in the short term, I still think that the rebound is a good opportunity for us to go short.
At present, the short-term bullish momentum of gold has been consumed and the downward trend continues. Therefore, I still insist on holding short orders in the short term.
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and being strict with yourself. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD XAUUSD GOLD Trade active
Bros, gold is starting to pull back, our opportunities are always there, don't give up, hold on, shorts hold on and we will winTrade closed: target reached
At the same time, I also made a summary of yesterday's trading. First of all, it is a matter of trading mentality. I have not been proud and complacent when I have made profits many times. Similarly, I do not deny my mistakes, and I will not fall down or even fall into emotional breakdown. Yesterday, a friend of mine traded frequently without a strict trading planning system, which led to him taking huge risks. The gains and losses in his account were not proportional, and he fell into a state of collapse when faced with a little loss during the trading process. You must know that in the trading market, profit and loss are both normal performances.Secondly, regarding the technical analysis and judgment, from the daily level, gold is expected to form a head and shoulders top pattern. Therefore, I believe that as long as it does not break through 3350, gold will maintain an overall downward trend. However, from the hourly chart, gold has formed a head and shoulders bottom pattern, which is exactly the opposite of my previous judgment. This is also a different judgment on the market last night. I think all the brothers who suffered losses and were trapped in short positions were partly due to this reason. But this does not mean who is right or wrong. On the contrary, it confirms the multi-faceted nature of the market, reveals the delicate relationship between opportunities and risks, and is a test of the ability and endurance of all traders. There will never always be winners in the market, and there will never be losers.
The market is changing, but the trading risk will never change. A strict trading plan and a good trading mentality are both indispensable. What we need to do is to grow in every transaction, learn to accept failure and shortcomings, learn to face profits calmly, and not be impatient. Only in this way can we achieve continuous profits and transformation step by step in subsequent transactions.
Note
Yesterday we gave a short trading plan. The first short was near 3324, and the second short was at 3340 or 3345. The rebound in the market and today's gap-up opening proved our advanced trading vision. Gold began to rebound after hitting the low of 3296. At that time, considering that the upward momentum of the European session was not strong, I once again gave the idea of considering shorting near 3315 first. However, affected by geopolitical and tariff news in the market, the rebound momentum of gold unexpectedly broke out, and it once rose to near 3340 last night. During this period, I participated in short trading again at 3325, 3330 and the upper resistance points. However, there was not enough downward momentum yesterday. Considering that the recent Asian market trend might open higher, the earliest short order near 3315 first touched the SL and was unfortunately exited. Today, the market did open higher, but is now falling back. We have closed our orders and the overall trading result is profitable. However, this requires sufficient trading funds and a tailor-made setting for the number of trading lots. It is not recommended for brothers to learn easily when trading independently. Brothers who have shorted at 3340 or 3345 can also consider exiting with profit.
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Engaged in trading for many years,with an accuracy rate of up to 90%🏅If you want to get guidance from professional mentors and get free trading signals📈we can answer any questions you have as soon as possible👇Seize the opportunity to seize profits👇
Related publications
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.