The 1-hour moving average of gold has begun to turn slightly downward, and the strength of gold bulls has been suppressed. The 1-hour gold has now formed a head and shoulders pattern. If the strength of gold's rebound is limited, then the room for further decline of gold will increase.
Trading idea: short gold around 3032, stop loss 3042, target 3022
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The market is changing rapidly. Now that gold bulls have weakened, gold may become the home of bears next.
Trade active
Gold's 5-minute chart is falling, and our short order is making a profit
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Congratulations to my friends who are short on gold, you have made good profits again.
Trade closed: target reached
Friends who have insufficient trading experience can choose to slowly close their positions with profits
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Today’s gold short position earned 18 points.
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Another wonderful transaction
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Did you catch gold's plunge?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.