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Weekly Gold Trading Recap:
A total of 46 trades were placed this week: 36 hit take-profit targets and closed in profit, while 10 were closed at a stop loss. The overall win rate remained steady, with cumulative net profit of $36,158.
During the choppy market at the start of the week, we flexibly captured opportunities in both directions, turning small wins into bigger ones. After the breakout, we decisively followed the trend and went short, capturing the full main downtrend🍐. Once prices bottomed, we promptly adjusted our approach and accurately caught the oversold rebound and recovery.
We strictly followed risk management throughout, using small stop losses to target larger moves and keeping the risk-reward ratio within reasonable bounds. We flexibly switched strategies between choppy and one-way markets, with precise timing. We neither blindly chased rallies or sold into declines nor missed trend opportunities. Stability was the priority all week, allowing us to lock in profits amid sharp market fluctuations.
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