XAUUSD:Longs closed in the 2488-2496 range

٢٢ أغسطس

https://www.tradingview.com/x/yaSLyZk7/

Gold started to rebound after touching the support near 2482-2473. It is still in the rebound stage. From the graph, the resistance of the rebound should appear near 2488-2496. At that time, we need to pay attention to the breakthrough of the resistance.

I think the probability of a direct breakthrough is not high, because when it falls below 2500, it has become a strong resistance again. If you want to return to above it, you need to accumulate strength. Therefore, in the process of long trading, the TP setting should not be too high, and it can be controlled in the range of 2488-2496.

Making money is not something that can be achieved overnight. You can't have the mentality of getting rich at once. A step-by-step trading method will reduce risks, and steady trading can allow us to survive in this market longer.

٢٣ أغسطس

تم فتح الصفقة

The price reaches the take-profit area, and the long order has been closed. At present, the short-term indicator has a need to fall back, and the medium-term indicator still has room to rise, so you can buy a small amount after the fall. Since it is close to strong resistance, if there is a lack of upward momentum during the transaction, the order needs to be closed in time.

٢٣ أغسطس

تم فتح الصفقة

There are some resistances in the current position of gold. There may be some declines, but the strength should not be great. You can close some long orders and keep some to see how things go. If the upward momentum is weak after the decline, you can close all orders and observe the resistance. If you cannot break through, start short trading.