Long orders are difficult.
Updated
The current trend of gold is still bearish. Although there has been a rebound, it has never been able to break through 1830. In my current opinion, gold is still very likely to fall. All long orders are not suitable to enter the market for the time being. After gold further rebounds to highs, we will enter with short orders. I will update further in the channel below.
Note
It is expected to drop to around 1820.Trade active
The short-term decline of the US dollar index and the short-term decline of USD/JPY to 300 points are both favorable factors for gold. In my opinion, gold's rebound is about to begin. We have entered at 22 and made a profit at 30, making a short-term profit of 7 US dollars.
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.