Already made $27K in profit, next profitable trading plan

Today can really be considered a bumper harvest. I participated in 9 long and short short-term transactions during the day. Only two of the transactions totaled a loss of $585. The other transactions were basically all profits after hitting the TP.As of today, the net profit has exceeded $27K. It can be said to be a very good trading result and has greatly exceeded my expectations! I'm very pleased with today's trading results!

Some friends are very fortunate to have followed today’s trading signals, and they have reported that they have made very good profits. Congratulations to everyone! According to the current gold trend pattern, gold has repeatedly tested the support of the 2305-2300 area during the adjustment process and established that the support is effective. As the lows continue to move upward during the shock process, a reliable support has been built in the 2320-2315 area, and formed a short-term bottom structure in this area many times, laying a solid foundation for today's gold rise.

At present, gold's short-term rebound structure has reached its highest point near 2345. Gold has shown signs of getting rid of the shock structure in the 2335-2315 area, so gold still has room to continue its upward rebound. Therefore, in short-term trading, I have always emphasized that we cannot be overly bearish on gold, because the bulls have still not given up. Constantly testing and building solid bottom support during the callback process will be more conducive to gold going higher during the rebound process.

So now we first focus on the support in the 2325-2320 area below, and the resistance in the 2350-2360 area above. According to the current form, it is entirely possible for gold to hit 2350 or even 2360. Of course, there will be recurrences in gold during this process, so as long as we grasp the rhythm in the transaction, both the long and short parties will still have good profit opportunities.we will even get better profits than today!

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Giao dịch đang hoạt động:

After waiting for gold to fall back to the 2325-2320 area, you can still continue to go long gold.

Giao dịch đang hoạt động:

If gold falls back again and confirms the support of the 2325-2320 area, it will most likely be the first to hit the 2350 area.

Giao dịch đang hoạt động:

Now that the volatility of gold is relatively weak, we must wait patiently for gold to fall back before participating in long gold. This will not only make more profits in the transaction, but also be safer.

Giao dịch đang hoạt động:

If gold falls first, we will consider going long gold. If gold rebounds first, we will first consider shorting gold again in the 2340-2345 area.

Giao dịch đang hoạt động:

Gold has been fluctuating within a narrow range of 2333-2336, and has not given us the opportunity to participate in market transactions again. In this case, we will wait patiently. First, observe whether gold is the first to fall or to rise. Because it is still difficult for gold to form a unilateral market in the short term, we can go long or short gold around the support or resistance levels.

Giao dịch đang hoạt động:

The market is about to close. There may not be a good opportunity to participate in market transactions before the market closes. We can wait until the Asian market starts to participate in market transactions.

Giao dịch đang hoạt động:

Now that the market has closed, we can take a good rest and look for suitable opportunities to participate in transactions when the market opens later. I believe we will achieve better returns than 27k, and 27k is far from the end!

Giao dịch đang hoạt động:

The Asian market has opened, and gold’s short-term support is currently in the 2325-2320 area. If gold falls back to this area first, we will go long gold.

Giao dịch đang hoạt động:

If gold falls first, we will focus on the 2325-2320 support area. This area will be the key area for us to start long gold.

Giao dịch đang hoạt động:

If gold rebounds first, we will focus on the 2345-2350 resistance area. After gold touches this area for the first time, you can consider shorting gold.