XAUUSD: Waiting for a rebound to 2640-2650 area Sell, TP2600

2024年11月26日

Yesterday, due to reports that Israel and Hezbollah were close to a ceasefire, and a large number of long positions were closed after seeing the news, gold plummeted by nearly $100 during the day, with the lowest price reaching 2605.
The short position we entered at 2686 yesterday also successfully reached TP: 2650

From the 1H chart, we can see that gold has stabilized now, and the rebound is not strong. With such a strong short position, it is likely to continue to fall.

Today, we can short based on the previous resistance of 2640 above and the 0.618 position of the Fibonacci retracement of this decline, 2650.

Trading strategy:
Sell when it rebounds to the 2640-2650 area, and the target is temporarily set at the 2600 integer mark

2024年11月26日

註釋

As I predicted, the price of gold fell again after testing above 2640.

2024年11月26日

交易進行

The price of gold is now falling a bit slowly, but starting from 2640, it has dropped as low as 2616, and the current price is at 2626. If you don't want to wait, you can take profits in advance and lock in profits. The profit margin is also great.

2024年11月26日

交易結束：目標達成

Brothers, now the gold price has dropped to 2620 again, from 2640 to 2620, the profit margin is 20$, I am ready to close the position, no more waiting, I will make a new trading plan tomorrow