What to do if your long position in gold is trapped?

Hello everyone, today gold continued to fall after breaking through the support level of 1841, and there is currently no sign of a rebound. The key focus now is on the resistance around 1842. If it cannot be broken, the gold price will further decline to around 1830-1833.

Currently, there may be many friends holding long positions in gold. Don't worry, first add to your long position near 1837 and take profits around 1842 when it rebounds.

After taking profits, observe whether 1842 can be broken. If it can, then continue to hold onto your long position from earlier. If it encounters resistance and falls, you can choose to short gold and take profits around 1833.

Thank you for your attention and support. I will continue to track changes in the market. If you have any questions, please leave a comment and I will provide you with the most reliable solution with a sincere and responsible attitude to help you solve the problem!

Kommentar:

1837 broke down directly, dropped to 1833 and rebounded, with the next resistance at 1839 and 1842.

Trade ist aktiv:

A long position below 1833, take profit around 1839.