Dear Traders,
As I mentioned in yesterday’s market analysis, if gold does not break below the 2760-2750 support zone during its retracement, it is highly likely to breach the 2800 threshold later this week. Taking advantage of today’s pullback, we initiated long positions near 2756. Although gold briefly dipped to 2747, it quickly rebounded above 2750, indicating the potential for continued upside momentum.
Currently, gold is trading around 2769, and our long positions are already yielding a solid profit. If gold follows the anticipated trajectory and rises further, I will closely monitor its performance in the 2770-2775 zone. Should it struggle to decisively break through this resistance, I may consider a short-term short position to capitalize on a potential pullback.
Bros, do you think gold will break through 2800? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
As I mentioned in yesterday’s market analysis, if gold does not break below the 2760-2750 support zone during its retracement, it is highly likely to breach the 2800 threshold later this week. Taking advantage of today’s pullback, we initiated long positions near 2756. Although gold briefly dipped to 2747, it quickly rebounded above 2750, indicating the potential for continued upside momentum.
Currently, gold is trading around 2769, and our long positions are already yielding a solid profit. If gold follows the anticipated trajectory and rises further, I will closely monitor its performance in the 2770-2775 zone. Should it struggle to decisively break through this resistance, I may consider a short-term short position to capitalize on a potential pullback.
Bros, do you think gold will break through 2800? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade active
Bros, gold failed to successfully break through the 2770-2775 zone during the rise, and only touched above 2771. I have already mentioned above that if gold fails to effectively break through the 2770-2775 zone, then I would short gold.Trade closed: target reached
We have just closed the short position, because there is a certain technical support in the 2750-2745 zone below, so in order to lock in profits in time, I choose to close the position manually now. Today we made good profits in both long and short gold trading. We got a very good start to this week's trading. Let's keep working hard! Congratulations to the VIP members who follow my trading strategy!
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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.