Buy gold, there is still a chance to rebound to 2640

Diupdate
Bros, gold has fallen sharply due to the hawkish rate cut, and the lowest has reached around 2584, and then rebounded; just now, gold touched around 2687 during the second decline, and then rebounded to above 2690, showing signs of building a W double bottom in the structure.

Although the rebound of gold is relatively weak, the downward space is gradually converging. I was optimistic that gold would continue to fall to around 2670, but at present, since gold has signs of forming a W double bottom structure, after consuming a certain amount of short energy, once the W double bottom structure is successfully built, gold may still rebound to 2640 again.

So in trading, I think it is best not to continue to chase short gold in short-term trading. We can go long on gold with the 2590-2580 area as the support area, and the defense position is 2570. So in short-term trading, I am currently more inclined to go long on gold.

Bros, are you as optimistic about the gold rebound as I am? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade aktif
Bros, gold is rising as expected and is currently struggling to conquer 2600, but regardless, our long gold position has started to make good profits
Trading ditutup secara manual
Good morning, bros!

Yesterday the gold market was extremely weak, and I believe there should still be many people in the market who continue to short gold. But I did not follow the trend and continue to short gold yesterday. Instead, I went long gold with the 2590-2580 area as the support area. Yesterday I started to go long gold near 2591. At present, gold has rebounded to around 2607. I have closed the order and locked in the profit in time. Congratulations to all friends who followed my trading strategy!

In fact, after each game profit, I still feel very satisfied, not only because of the profit, but also because my trading logic and ideas are verified by the market again. It also proves that the trading system I have built with many years of experience is undoubtedly rigorous and successful. This fully affirms my years of hard work. As long as I stick to it, I think profit will come naturally!
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