Gold Market Analysis and Strategy

20. Nov.

Gold prices continue to fluctuate around the 2640 level. The initial short position has already reached the target of 2622. Currently, prices are rising again, and it is expected that the previous high of 2641 will be broken.

Trading Strategy:

Long Opportunity:
Close around 2645

Short Opportunity:
Alternatively, wait for the price to rise into the 2646-2655 range, which is anticipated to serve as a resistance zone, before opening short positions (selling).


Expected Target:

For the short position, a potential downside of approximately $19 is anticipated, targeting a drop back to the 2627-2636 range.

20. Nov.

Trade ist aktiv

The long position has been closed and the short position has begun. The price may rise again on this basis, but the space is limited, so the risk of shorting is not great.

20. Nov.

Anmerkung

Can close the order it started at 2655

20. Nov.

Trade geschlossen: Ziel wurde erreicht

As the price drops, the profit from this short trade increases. When it drops to around 2642, you can choose to close the order, or hold it and wait for around 2636.

20. Nov.

Anmerkung

Gold continues to fluctuate around 2648. If you want to take a break, just close the order and take a break. Today is profitable overall. There is no need to stay up late and hurt your body because of a $2 fluctuation. I will share signals with you again during tomorrow's trading. Making a stable profit every day will accumulate over time, which is not bad.