Buy gold first, then short gold at the right time

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Bros, after reaching the 2622 level, gold has gradually pulled back and is now trading near 2600. Fortunately, we managed to capture the short-term peak and closed our long positions near 2622, successfully locking in profits.

However, following the pullback, I have re-entered long positions in gold. I initiated a buy position around 2606, and as gold dipped further to approximately 2600, I added to my position with the same lot size. The psychological support level at 2600 remains a critical threshold, and it’s unlikely to be decisively breached in the short term during the market’s tug-of-war. Therefore, gold bulls may recover some ground during this phase, which is why I remain committed to taking long positions in the short term.

That said, given the strength of bearish momentum as gold declines, expectations for the rebound’s upside potential should be adjusted downward to the 2610-2615 range. If gold’s momentum remains weak after testing this range, we can then consider initiating short positions once again.

Bros, are you bullish on gold rebounding and regaining some lost ground? 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!
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I have chosen manual SL near 2598 to look for opportunities to trade gold again
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It is not shameful to bravely choose SL in trading. On the contrary, I think it protects our account to a great extent and gives us the opportunity to re-trade and turn losses into profits. What is shameful is not daring to face losses and choose to fight against the market, which eventually leads to oneself being stuck in the quagmire and even the account being burned!
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