Don’t chase short gold,the 2325-2320 area will become critical
Updated
Hello everyone, first of all I would like to introduce myself, I am Caillan. First of all, I want to explain why my nickname is Hawkeye, because Hawkeye symbolizes strength, determination and speed, which means that we can accurately seize trading opportunities in the market,and persistence and courage will bring us profits and value.In fact, I am not a writer. I am a professional trader with 10 years of experience. I am good at short-term real-time trading of gold, oil, currency trading pairs, etc. I have at least 16 hours a day to observe market conditions, so I I will not over-exaggerate my words. Each of my articles will simply record my trading ideas and trading strategies. I also hope that my thoughts and experiences can give everyone some inspiration and thinking to a certain extent.
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As far as the gold market is concerned, the short-term structure of gold continues to decline. Even if there are occasional partial rebounds during the decline, the rebound is not strong, so the trend still remains bearish. However, what is relatively cunning about gold is that the current market trend of gold seems to be bottom but not bottom, so it brings a certain degree of difficulty to our transactions.
From my personal point of view, the key to participating in short-term trading is to observe two points. First, the short-term support below is located in the 2325-2320 area. If gold does not fall below this area, you can try to consider going long gold in this area;Secondly, the upper side mainly focuses on the two resistance areas of 2346-2350 and 2358-2362. After gold touches this resistance area, you can consider shorting gold.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
https://www.tradingview.com/x/ltYPERxw/
As far as the gold market is concerned, the short-term structure of gold continues to decline. Even if there are occasional partial rebounds during the decline, the rebound is not strong, so the trend still remains bearish. However, what is relatively cunning about gold is that the current market trend of gold seems to be bottom but not bottom, so it brings a certain degree of difficulty to our transactions.
From my personal point of view, the key to participating in short-term trading is to observe two points. First, the short-term support below is located in the 2325-2320 area. If gold does not fall below this area, you can try to consider going long gold in this area;Secondly, the upper side mainly focuses on the two resistance areas of 2346-2350 and 2358-2362. After gold touches this resistance area, you can consider shorting gold.
I share detailed trading strategies and trading signals every day to help everyone correctly understand trading logic and identify trading traps. After all, only the longer you survive in the market, the more profits you can make in the market. Control risks and profit is king. You can follow the channel at the bottom of the article to understand and obtain detailed trading logic and trading signals in the first time.
Trade active
If gold fails to fall below the 2325-2320 area after multiple tests, we can participate in long gold in small batches and wait for gold to rebound at a small level.Trade active
If you plan to do long gold in the 2330-2325 area, you can first set TP1: 2336. TP2:2340Trade active
Now that the gold market has closed, there should be good trading opportunities for gold after the Asian market starts.Trade active
The gold market will open soon. Do you think gold will have a small-level rebound?Trade active
The gold market has opened, and gold has started a slight rebound as expected.Trade active
After gold rebounded slightly in Asia and was close to the TP:2336 position, gold continued to fall again and is currently testing near the 2300 position. So we should not trade against the trend now and wait for the opportunity to short gold.
Friends who have entered my group have made considerable profits by following trading signals! If you want to get detailed trading signals and trading logic, join my Telegram group: Make making money a pleasure t.me/+o1k2cWcaCJVmNzRk
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