Bros, the situation in the Middle East is turbulent again! Gold took advantage of the trend and continued to rise to around 3028. Stimulated by the news, gold's rise was obviously abnormal and showed a disorderly rise! This kind of price rise is actually very dangerous, so we can't directly chase gold. According to my expectations, the highest price of gold will only reach around 3040, so I think shorting gold with 2930-2940 zone as resistance is the best trading opportunity at the moment.
However, in the short term, the correction of gold may be smaller than expected because the market is enthusiastic about going long. So the first thing we should pay attention to below is the 3005-2995 zone.
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
However, in the short term, the correction of gold may be smaller than expected because the market is enthusiastic about going long. So the first thing we should pay attention to below is the 3005-2995 zone.
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Trade active
I have already pointed out clearly that the current highest point supporting gold's upward movement is around 3040. I have shorted gold in the 3030-3040 area as planned. I believe that gold will at least retreat to the 3015-3005 area in the short term. Let us look forward to the performance of the bears!Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Trade closed: target reached
Bros, I have been emphasizing for the past two days that the highest price of gold will only reach 3040. Currently, the highest price of gold has reached around 3045, which is basically consistent with my expectations. I shorted gold several times around 3038 according to my plan, and doubled my shorting of gold in the 3040-3045 area; currently, the lowest price of gold has reached around 3023 during the decline. I believe that if you execute the transaction according to my trading strategy, you must have made considerable profits in the short position.
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Simplify complex trading ideas and execution capabilities to maintain steady profits! Telegram group: t.me/+W1fIMsgP19dlZjBk
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.