đź“ŤGold has once again rebounded to the 3020-3025 range in the short term. You might think the bulls have regained control, but I see this rebound as a prime opportunity to short gold.
📍Currently, a new descending channel has formed within gold’s short-term structure. Despite multiple rebound attempts, the price has failed to break above this channel, further reinforcing its downward pressure. Additionally, on the daily chart, gold has printed three consecutive bearish candlesticks, undermining bullish sentiment and weakening confidence. This has also diminished the effectiveness of the 3000 support level, increasing the likelihood of further downside.
🔎Trade Idea:
Xauusd: Sell at 3015-3025
TP:3005-2995
SL:Adjust according to risk tolerance.
đź“©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
📍Currently, a new descending channel has formed within gold’s short-term structure. Despite multiple rebound attempts, the price has failed to break above this channel, further reinforcing its downward pressure. Additionally, on the daily chart, gold has printed three consecutive bearish candlesticks, undermining bullish sentiment and weakening confidence. This has also diminished the effectiveness of the 3000 support level, increasing the likelihood of further downside.
🔎Trade Idea:
Xauusd: Sell at 3015-3025
TP:3005-2995
SL:Adjust according to risk tolerance.
đź“©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
đź“ŤAfter gold touched around 3026, it fell back again and did not effectively break through the downward channel, which is basically in line with expectations. At present, our short positions have begun to generate profits. Let us be more patient and strive to maximize profits!đź“©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
Simplify complex trading ideas and execution capabilities to maintain steady profits! Telegram group: t.me/+W1fIMsgP19dlZjBk
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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.
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.