Trader_Antonio

Short gold in the short term and continue to make money

Short
Trader_Antonio Zaktualizowano   
OANDA:XAUUSD   Złoto / Dolar USA
Today I tell you in advance that the short-term resistance of gold is in the 1885-1890 area, so I remind everyone not to continue to be long gold above 1880. In addition, before the CPI data was released, I informed everyone to short gold from 1883-1885. If gold rises to the 1888-1890 area, we will increase our positions to short gold. Obviously, the market did not give us any more opportunities to increase our positions, and after the CPI data was released, gold fell to a minimum of around 1871, which perfectly hit my expected profit target area of 1876-1875. Congratulations to all of us for making good profits.

Judging from the current gold trend structure, gold is currently falling back to around 1871, and gold has not stabilized above 1880. Then gold is likely to continue its downward trend, so now we focus on the short-term support area below 1863-1865. If gold falls back to this area , we can start trying to go long gold.

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Zlecenie aktywne:
Next, focus on the 1865-1863 short-term support area. You can go long gold in this support area.
Zlecenie aktywne:
Gold has fallen back to around 1868. Relatively close to the area I expected 1865-1863
Zlecenie aktywne:
Gold is currently fluctuating within a narrow range around 1870, let us patiently wait for gold to fall back.
Zlecenie aktywne:
Gold is still oscillating around 1870. You need to wait for gold to break through and follow the trend to trade.
Zlecenie aktywne:
Gold is still oscillating around 1870. You need to wait for gold to break through and follow the trend to trade.
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