XAUUSD: What should you do if you hold a short order?

Affected by the news, gold suddenly rose and broke through the previous high. It continued to rise after the opening today. It currently maintains a shock above 2200. The indicators have begun to show signs of weakness. Try to go short at this stage and pay attention to the resistance in the 2215-2221 range.

If the bulls are strong, the high may touch around 2230, followed by a sharp decline. First focus on the support in the 2193-2187 range, and it is more likely to fall to around 2175.

In view of the sudden outbreak of the market, today's data market is very difficult to trade. I predict that the data will be beneficial to gold bulls, but the probability of the market falling is greater. So in data trading, I will mainly be short.

Trade ist aktiv:

It is falling, short sellers have made money, and can take profits in batches and lock in profits.

Trade ist aktiv:

Those of us who are short sellers have made great profits today

Trade ist aktiv:

Tomorrow, go long at low prices first, then go short.

Trade ist aktiv:

Wait for the market to move lower to initiate a long trade

Trade ist aktiv:

The current resistance near 2169 is still relatively large. Based on my trading experience, the market will try to break through 2169 again later. The strong resistance should be near 2174.
Friends who hold long positions can wait for a while. If it falls first, you can consider adding long positions near 2158, with the target of 2167-2172.
Friends with small accounts, set up an SL to prevent the market from falling unilaterally and causing the account to be blown.

Trade ist aktiv:

The indicator is in favor of the bulls. We will continue to hold the long orders we hold. We will continue to observe the resistance near 2174. If we cannot break through, we will close and go short.

Trade ist aktiv:

Gold rose as expected and came to around 2174. There is resistance here. Friends who do not want to take risks can close the order first. If you want to hold it, continue to hold it. Be careful not to set SL below the cost to avoid losing all profits after falling back.