Today is the day we have been waiting for because the non-farm payroll data was released today. We traded gold on the NFP market and made good profits.
This morning, I gave you two ideas, one is to short gold in the 1830-1835 area; the other is to go long gold in the 1805-1800 area, but after the non-agricultural data was negative for gold,gold did not fall to the 1805-1800 area where I expected. Gold stopped falling above 1810 and formed long lower shadows many times, and the rate of decline slowed down.So I promptly adjusted my trading strategy and informed everyone to go long gold around 1812-1810. After gold stabilized and rebounded, I promptly informed everyone that they could appropriately add positions in the 1818-1816 area and continue to go long gold. Both transactions have now reached my expected profit targets, and we have made relatively good profits. https://www.tradingview.com/x/EODqWWs8/
Regarding how to trade gold next, I think the 1810-1805 area may be the bottom area of this round of gold decline. After gold reaches a bottom in this area, it may start a rebound at any time. Because with the release of non-agricultural data, the main negative factors have disappeared, so we will focus on long gold at low levels; of course, because gold has fallen significantly, gold cannot rebound immediately.Therefore, we cannot rule out the possibility of gold hitting the bottom again. Therefore, in the next transaction, we must find the correct position so that we can gain better profits in the transaction.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Trade active
The current short-term resistance of gold is in the 1830-1835 area. If gold can break through this area, then gold will continue to rebound to around the 1848-1850 area, so next we need to pay attention to the opportunity to go long in gold.
Trade active
Earning profits by doing long gold scalping trading can also accumulate a lot of profits.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.