Gold is currently continuing to retreat, and the lowest has reached around 3333. Gold is quite weak, and the bears have completely taken the upper hand. The overall center of gravity of gold is shifting downward, and the short-term support below is 3330-3325. Once gold falls below this support area, gold may continue to fall to 3300, or even 3280; since gold has fallen to the 3340-3330 area, we cannot rush to short gold in the operation, because there is a technical gap above that needs to be filled, so gold still has a rebound to 3360-3370 in the short term.
Therefore, before gold falls below the short-term support of 3300-3325, we can appropriately consider going long on gold; after gold rebounds technically and fills the gap above, we can consider continuing to try to short gold in the 3360-3370 area.
Therefore, before gold falls below the short-term support of 3300-3325, we can appropriately consider going long on gold; after gold rebounds technically and fills the gap above, we can consider continuing to try to short gold in the 3360-3370 area.
Trade active
Before gold falls below the short-term support of 3325-3315, we can appropriately consider going long on gold; after gold rebounds technically and fills the gap above, we can consider continuing to try to short gold in the 3360-3370 area.Trade closed: target reached
Bros, today's long trading is relatively difficult. Affected by the news, gold continued to fall. Although there was a rebound in some areas, the rebound was less than expected. Today, we bought gold near 3325 and 3317 respectively; because gold only touched 3332 during the rebound, and did not touch the target area of 3340, or even 3335, so we did not close the order in time. Because the lower side is close to the important short-term support area of 3310-3300, when gold just touched around 3305, all VIP members and I increased our long gold positions again; because we entered the long position too early and the entry price of 3325 was relatively high. Therefore, when gold just rebounded to around 3316-3317, we basically had some small profits, at least while maintaining break-even, and quickly closed all long positions. Seeking the next better entry price to execute the transaction!
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.
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.