Believe me gold continues to be short and bearish
Gold reversed in early trading, but it failed to break through the pressure position of 2020 twice! The pattern of decline remains unchanged, it is a rebound, not a reversal! In early trading, 2016 empty orders have entered the market, and now continue to be short and bearish! Still falling after the shock!
It is the most normal thing to have fluctuations in the trending market, and the sideways or fluctuations in the decline are all to gain momentum for breaking new lows again! There are only two situations where gold reverses now. The first is a strong breakthrough in 2020, which means that the market has reversed! The second is to test the 2000 mark multiple times without breaking it!
Neither of the two situations are happening now! We just continue to execute according to the established principles and strategies. If the empty order has entered the market, then hold and wait until it breaks!
specific strategy
Gold 2016 short, stop loss 2024, take profit 2000.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
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