Today I gave you two trading signals in the channel. One is to go long gold directly in the 1944-1942 area, TP: 1955; the other is to go short gold based on the short-term resistance of 1970. I notified everyone to close their positions near 1963. Because the CPI data helped gold violently rise and hit around 1970, we easily made a profit of 10 points; in addition, in the gold short trade, we also made a profit of about 6 points. In both transactions, we made relatively considerable profits. Congratulations to my friends who followed my trading strategy. https://www.tradingview.com/x/9uhBIdVk/
At present, gold has fallen into a narrow range of fluctuations after a sharp rise. We are not in a hurry to participate in the market now. If gold digests the increase in the shock, then gold may continue to rebound;but gold is still in a short trend as a whole, so gold may fall at any time, so we will observe the market for the time being. After gold breaks through the shock pattern, we will then follow the trend and trade. In this way, I believe we can make a lot of money in the next transaction.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
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We are now patiently waiting for gold to break through the shock pattern, and then follow the trend to trade
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When opportunities allow, I will make a new trading plan again, and I still firmly believe that we will have a very good harvest
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The short-term resistance of gold is still around 1970.
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Gold will still likely rebound and hit 1970
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Gold may rebound to the 1970-1980 area before falling again, so we must keep our trading rhythm in order to make profits