XAUUSD:Fall is inevitable
Due to the impact of geopolitical factors, the market's risk - aversion sentiment has escalated again. Gold prices rose and broke through the $2,900 mark on Monday this week, clearly exceeding the expectations of most people. I have been trading for over ten years, and this is the first time I've encountered such a situation with gold. Currently, most market analyses still suggest that gold will rise again. However, I believe that the future market presents greater risks as well as more opportunities.
First of all, the global inflationary economy will continue to develop. Gold prices will surely remain at a relatively high level this year. From a technical - analysis perspective, if gold is to rise again, it must first experience a downward adjustment before another upward movement can occur. Therefore, my strategy remains to take short positions at appropriate and safe levels to obtain short - term trading profits, thus steadily increasing the account balance.
Today's trading strategy for gold:
Sell XAUUSD @2910 - 2920
TP: 2900 - 2890 - 2880
I will send accurate signals every day to obtain market profits. If you also need professional guidance, you can click the link below the article to get it.
First of all, the global inflationary economy will continue to develop. Gold prices will surely remain at a relatively high level this year. From a technical - analysis perspective, if gold is to rise again, it must first experience a downward adjustment before another upward movement can occur. Therefore, my strategy remains to take short positions at appropriate and safe levels to obtain short - term trading profits, thus steadily increasing the account balance.
Today's trading strategy for gold:
Sell XAUUSD @2910 - 2920
TP: 2900 - 2890 - 2880
I will send accurate signals every day to obtain market profits. If you also need professional guidance, you can click the link below the article to get it.
Trade active
The first take - profit level has been reached. You can close 80% of the position. The profit from this short - term trade is sufficient. The remaining orders can be closed at any time. 
Click the link to enter my Telegram channel. I have 15 years of trading experience to guide you in trading correctly and also provide account management services. t.me/LukeBaileyStrategy
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.
Click the link to enter my Telegram channel. I have 15 years of trading experience to guide you in trading correctly and also provide account management services. t.me/LukeBaileyStrategy
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.