Continue to short gold after the rebound
Updated
I have published today's trading strategy in the channel, although gold’s decline has started to slow and localized rebounds are emerging, I believe the overall trend has not reversed, and the downward movement is likely to continue. Therefore, I do not think this is the right time to go long on gold. Opening long positions now could result in those positions being overwhelmed by the continued bearish momentum.
For short-term gold trading, I will maintain my strategy of shorting gold following any rebounds. The short-term short-selling target area mainly focuses on 2672-2682,and my target remains in the 2660-2650 range. Stay disciplined and patient in executing your trades!
Bros, are you optimistic about the decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
For short-term gold trading, I will maintain my strategy of shorting gold following any rebounds. The short-term short-selling target area mainly focuses on 2672-2682,and my target remains in the 2660-2650 range. Stay disciplined and patient in executing your trades!
Bros, are you optimistic about the decline of gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade active
Brothers, gold has reached above 2674 as expected during the rebound. I shorted gold near 2673 according to my trading strategy mentioned above. Now gold has retreated to around 2662 again. Did you short gold according to my trading strategy? If you followed my trading strategy and shorted gold, I believe you also made a good profit.
If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Simplify complex trading ideas and execution capabilities to maintain steady profits! Telegram group: t.me/+W1fIMsgP19dlZjBk
Related publications
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.