Gold has reached a short-term peak, how to trade?

Gold has fluctuated at $20 for three consecutive times and several roller coaster fluctuations. This kind of trend is really difficult to grasp. It is most taboo to chase the rise and fall. However, the overall K-line has peaked and once rebounded to around 2351, but it is still It fell below the support level and reached around 2330. The K-line has come to an end and a fall is inevitable.

The golden four-hour line shows a head-and-shoulders top pattern, and the continuous large negative line entities cover the positive line. The current strength has been reversed downwards.

Trading strategy: short gold 2342, stop loss 2350, target 2300

Note

The above is purely personal investment sharing and does not constitute an actual entry point. You are responsible for your profits and losses.

Note

If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every day

Trade active

Note

Can I go short?

Note

Gold is at risk of correction in the short term

Trade active

Note

Gold short orders are making profit

Note

If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every day

Note

For people with little trading experience, they must know how to take profits

Trade active

Note

Gold continues to fall

Note

Gold short orders continue to expand profits

Note

If you don’t know how to trade, often suffer losses, or you are a newbie, you can click on the link below my article, where I will share trading ideas every day

Trade active

Donald-king

Related publications

Gold still hasn’t peaked, what about next week?

by Donald-king

Disclaimer

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.