XAUUSD: can make money by trading this way

Comparing this picture I drew, what can you see?

Yes, that is, the lows of gold are constantly rising;

After a month, gold returned to above 2400 again. In addition to the new highs, the rest is our acceptance of this price. Although within this month, the gold price also fell below 2300. , but overall activities are maintained within the 2300-2400 range.

Each period of gold's increase has remained within 100 US dollars, but the starting position is almost different. This is actually the change in traders' acceptance of gold prices. The return to 2400 this time has the same basic logic.

The first reaction to a correction after a wave of rise will be interpreted as a retracement of the market peak. In fact, this is not the case. This is just a correction of gold accumulating strength in order to better rise again. This is the current trend;

Therefore, what I have always emphasized is going long, going long on pullbacks, and going long after the retracement is confirmed, which is to go with the trend. The result of this is obvious, and we all made obvious profits.

As shown in the figure, the trading strategy is now obvious;

The range of this wave of retracement is between 2400-2406, with no peak above, and my target is 2450-2460-2475.

This is the direction. If you need more precise strategies, please contact me directly and follow me. Trading is actually very simple!

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I would start with a small long position

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is rising as expected

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The market is moving slowly, waiting for the U.S. market

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Friends who have followed the strategy and bought gold long can first come out near 2430, and then adjust and go long repeatedly.

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The 2430 target has been reached, and the adjustment can continue to go long.

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