Short gold above 2650
Updated
Brothers, although gold has not seen a decent decline under the influence of geopolitical conflicts, the sustainability of gold's rise has gradually deteriorated, and the rebound high has gradually moved down. Gold has shown an obvious peaking signal. At present, gold is facing resistance in the 2655-2660 area in the short term; and it has repeatedly tested and broken through the support near 2640, and once fell below the 2630 position. I think gold still has room to continue to fall, at least it will retest the 2615-2610 area, or even the area near 2600.
So I am still optimistic about the decline of gold, and in terms of short-term trading, I advocate shorting gold in batches above 2650.
So I am still optimistic about the decline of gold, and in terms of short-term trading, I advocate shorting gold in batches above 2650.
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I have a dentist appointment these two days, so I'm sorry that I don't have time to update my trading ideas on TV these two days. Now gold has fallen again to around 2640. If you followed me and shorted gold above 2650, you have already started to make a good profit.Trade closed: target reached
Bros, gold fell to the 2615-2610 area as expected, and even fell to around 2603 more than expected.
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