Hello everyone, because I have been in the hospital for treatment and rehabilitation recently, I have not had time to update my trading ideas in recent days. I have completed all the procedures in the hospital today, and I can participate in the market again from today. https://www.tradingview.com/x/sLnuBSUn/
From the overall situation, after gold reached a high of around 2532, the bullish momentum slowed down, and gold showed signs of returning to the technical side, so gold has a need for correction and repair. However, according to the short-term rhythm, gold has been able to rebound in time after falling many times, and it has not effectively broken during the decline, so gold refuses to fall to a certain extent, and the buying force below is strong.
From the overall structure of gold, I currently divide gold into three areas as a whole. At present, gold is running in the first area. According to the profit and loss ratio, in terms of trading, I actually prefer to short gold at a high level; currently, gold has fallen to around 2485 in the short term, which is exactly at the dividing line between the first and second areas, and is also located in the short-term support area. Therefore, in terms of short-term trading, we can first consider going long gold in an appropriate amount; when gold rebounds to the middle and upper area of the first area, that is, after it is around 2510, we can then consider shorting gold!
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การซื้อขายยังคงดำเนินอยู่
Continue to increase positions and go long gold near 2473
การซื้อขายยังคงดำเนินอยู่
Gold has stopped falling in the short term, let us wait patiently for gold to rebound
การซื้อขายยังคงดำเนินอยู่
Gold rebounded to 2483 again. Gold still has the potential to rebound. Let's first look at the target around 2493
การซื้อขายยังคงดำเนินอยู่
You can close the gold long position near 2485 and then wait for a good trading opportunity again.
การซื้อขายยังคงดำเนินอยู่
Gold hit a high of around 2485 and then fell back. Currently, gold is trading around 2480. Fortunately, we just closed our long position in time and locked in the profit. If the pullback continues later, I believe it will be an opportunity for us to participate in trading again.
การซื้อขายยังคงดำเนินอยู่
Gold is currently in a narrow range of fluctuations. It will be safer to wait for gold to break out of the narrow range before trading.