Don’t chase the rise in gold, continue to short gold!
Updated
To be honest, the rise in gold today far exceeded my expectations. Gold hit a high of around 2331, and strongly broke through the short-term resistance of 2315 and 2325. In particular, the release of the initial jobless claims data was bearish for gold, but it was unexpected that gold rose instead of falling.
https://www.tradingview.com/x/0HKbBI3I/
Although gold rebounded strongly in the short term, I don't think the trend has reversed. First of all, after gold fell below the 2300 mark yesterday, it rebounded directly to around 2331 today. The time was too hasty and the time window was unreasonable! In addition, the continuous rise in gold in the short term is actually at a high level, because the current gold price is still suppressed by the 2335 platform above, and the sharp rise must have a retracement trend to confirm support!
In addition, in my opinion, today's gold bulls' raid is just the last struggle of the bulls. It is also sweeping the short orders. When the short orders are swept clean, it will fall again! ! ! So in terms of trading, what we have to do now is not to chase the rise of gold, but to insist on shorting gold!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
https://www.tradingview.com/x/0HKbBI3I/
Although gold rebounded strongly in the short term, I don't think the trend has reversed. First of all, after gold fell below the 2300 mark yesterday, it rebounded directly to around 2331 today. The time was too hasty and the time window was unreasonable! In addition, the continuous rise in gold in the short term is actually at a high level, because the current gold price is still suppressed by the 2335 platform above, and the sharp rise must have a retracement trend to confirm support!
In addition, in my opinion, today's gold bulls' raid is just the last struggle of the bulls. It is also sweeping the short orders. When the short orders are swept clean, it will fall again! ! ! So in terms of trading, what we have to do now is not to chase the rise of gold, but to insist on shorting gold!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Trade active
Gold is about to start falling and our profits are increasing!Trade active
Be brave to short gold, the profit will eventually belong to youTrade active
Gold fell back to around 2324 again, and our short position has made a good profitTrade active
Gold is currently in a state of volatility after a sharp rise. After the volatility ends, gold will still fallTrade active
The temporary upward momentum is gradually weakening, which is conducive to the decline of goldTrade active
Although gold has not fallen effectively, the resistance above is extremely strong, and gold will continue to fall, see 2300!Trade active
Gold fell as expected, and our profits are increasing rapidly
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