Profited $12K, continue to short gold after rebound

If you are my follower, I believe you must have followed my trading strategy of shorting gold in the 2345-2350 area. The gold market did not disappoint us. After hitting a high of 2352, gold's rise stalled and continued to fall. The lowest fell back to around 2329. So our gold short position went on to make very substantial profits and once again maintained a 10-game winning streak on the trading record.

I just did some statistics and found that I made a profit of 12K in gold trading today, and a total profit of $63K this week including today. In my opinion, this is a very satisfactory trading result.Looks like I'm going to have a nice weekend. After all, as a full-time trader, work is trading, and the rewards from work are used to enjoy life and create value.

Because today is Friday, and gold is once again in a volatile trend, with relatively little volatility, so if there are no good trading opportunities, I may end today's transaction. But as far as the current gold market is concerned, although gold has rebounded again, I think it is best not to chase gold now. Because gold has fallen since around 2350, it has limited the room for gold to rise, and the strong resistance above has been confirmed again, so even if gold rebounds in the short term, it will be difficult to sustain. Therefore, my suggestion is to participate in shorting gold again after the rebound, and the target area for shorting gold is the 2340-2345 area.

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액티브 트레이드:

Gold only rebounded to around 2339 before falling again. The momentum of the rebound was weak. In trading, shorting on rebounds was still the main option.

액티브 트레이드:

It is relatively difficult for gold to rise. If you still want to participate in gold trading, short gold in the 2340-2345 area.

액티브 트레이드:

Gold has now rebounded above 2340. If you still want to participate in gold trading, you can try shorting gold in small batches. If your trading style is sound, you can end the transaction and wait until next week to participate in the transaction again.

액티브 트레이드:

Gold has fallen back to around 2337 again. If you have followed my trading strategy and shorted gold above 2340, you can now close your position with a profit. Since the market is closed on weekends, it is not recommended to hold the position overnight.

액티브 트레이드:

The gold market will be closed soon. Don't participate in gold trading now. Today we have made considerable profits in the gold short position. We should be content with this and stifle our greed. Finally, I wish everyone a happy weekend!