Market trading is rather straightforward. All you need to do is formulate a trading plan in advance and then implement it strictly. Today, after gold reached 2,650, we executed the short-selling strategy again, and the account made profits rapidly within a short period of time.
It should be noted that the ADP data will be released today, which is expected to have an unpredictable impact on the market. However, from a technical analysis perspective, for gold, we should continuously keep an eye on the resistance level between 2,650 and 2,660. Before the resistance in this range is effectively broken through, our strategy remains to be short-selling.
Gold strategy for today:
xauusd sell @2650-2660
TP:2630-2620
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