CFDs on Gold (US$ / OZ)
Short
Updated

Gold encounters resistance, Sell at high level

278
From the overall trend, the gold price is still in the downward trend channel. Just now, the gold price encountered resistance again near the trend channel, that is, 3330. If it cannot break through here, it is likely to fall again.

According to the previous support, the gold price of 3300 and 3280 are the key support positions, so you can choose to sell at a high level, with the target of 3300 and 3280

The specific operation is as follows:
Sell near 3320
TP1: 3300
TP2: 3280

✅If you are more aggressive, you can sell directly now

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Gold price is around 3320 again

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