Profited 17K from short gold, and continue to short gold

2 apr

Today’s gold trading situation is as follows:

1.Xauusd: @2256-2258 Sell, SL:2266, profit and loss: -4000
2.Xauusd: @2263-2265 Sell, TP:2255 Profit and loss: +5532
3.Xauusd: @2273-2275 Sell, TP:2255 Profit and loss: +7184
4.Xauusd: @2276-2278 Sell, TP:2255 Profit and loss: +8520

In gold trading today, although one of them touched SL: 2266 resulting in a loss of 4K, overall, I achieved a good result of 17K profit in today's gold trading. If you follow my trading strategy, I believe you will also make very good profits.

At present, gold has reached its highest level near 2277 as expected, but then fell back to around 2251, giving up all the gains. According to the current gold structure, this position is expected to become a phased peak. Therefore, in our next trading rhythm, it is best not to aggressively pursue long gold above 2260. Secondly, in the 2270-2280 area, we can choose to short gold on highs in batches. I predict that gold will fall to the 2250-2245 area in the short term, maybe even tomorrow.

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2 apr

Trade attivo

Gold rebounded to above 2270 again, once again giving us a good opportunity to short gold

2 apr

Trade attivo

If gold continues to rebound, we can consider continuing to short gold in the 2273-2275 area

2 apr

Trade attivo

We first hold a short position in gold and wait patiently for gold to fall back again.

2 apr

Trade attivo

I shorted gold in small batches near 2274 and 2278 respectively.

2 apr

Trade attivo

Gold pierces the 2280 position. See if gold can fall back quickly after piercing the 2280 position.

2 apr

Trade attivo

We can no longer chase long gold now, because the current position is relatively dangerous. If we blindly chase more gold, once the profit is realized, the funds will easily be trapped at a high level.

2 apr

Trade attivo

This is my current plan. If the market situation improves, I may choose to close the position manually at 2275. Of course, if the gold correction exceeds expectations, I may also wait until 22265 to close the order, depending on the market situation.

3 apr

Trade attivo

In this irrational market now, I do not recommend continuing to chase gold at high levels, because in this irrational market, the market can easily set up traps to tempt you to go long.When you go long easily, once a large amount of profit taking is taken, your trading funds will easily be locked up at a high level. Especially now that the fluctuation range is relatively large, if you are not willing to stop the loss easily, then you may be faced with a liquidation.

3 apr

Trade attivo

Dear friends, it’s 3 o’clock in the morning and I have to go to bed. I just added some positions to short gold near 2284, and then manually closed all positions near 2277. The overall profit was not much, only 1K.But now I can sleep peacefully, I think it’s worth it