April 7 Gold Trading Review

Yesterday, gold experienced a volatile decline, with the main strategy focusing on shorting from high levels. Only minor attempts at long positions and quick short-term trades were made during market fluctuations, resulting in steady profits.

A total of 14 trades were executed yesterday: 10 profitable and 4 losing, with an overall win rate of 71.43% and a net profit of $9,222.50. In the early session, multiple short positions were taken to capitalize on the downward movement, quickly accumulating gains. During the strong rally in the middle of the session, strict stop-loss measures were enforced, resulting in two consecutive losses, with no holding through losses. In the afternoon, only two short-term long trades were made, with quick entries and exits, avoiding overtrading, and successfully locking in profits. The last trade, a short position, was closed after a loss, but the market quickly retraced, and strict discipline ensured that the day ended with profits.

The main trend remains clear and firm, risk control is well executed, and short-term long positions are kept in check, perfectly aligned with the intraday trend. The medium- to long-term target remains in the 4400-4200 range. Going forward, the focus will continue on shorting from high levels, with rebound opportunities used to enter short positions, capturing trend-based downward profits.