Gold Spot / U.S. Dollar
Short
Updated

3100 Danger? Has a short trend emerged after gold’s sharp fall?

328
If you persist in doing something for three days, it is just a whim! If you persist in doing it for three months, it is just a start! If you persist in doing it for 10 years, it can be considered a career! Whether in life or trading, if you want to succeed, it is like sailing against the current. If you don’t advance, you will retreat. Only by working hard, persisting, moving forward bravely, and overcoming obstacles can you reap your own "success"! A new day begins, and every step of the strategy is the beginning of a battle. Execute the operation, if you don’t move, you will be fine, but if you move, you will be thunderous! 1-5 current price transactions per day make the operation easier!

Gold technical analysis: After the gold surged, it appeared under pressure. The price reached 3149 and then retreated. The US market continued to decline after the shock. Don’t do more if it falls below 3120 in the evening, and be alert to the possibility of retreating to 3100. The short-term means that the bulls have temporarily come to an end and began to retreat and adjust the trend.

In addition to Trump’s announcement of tariffs this week, there will also be non-agricultural data, so this week is destined to be extraordinary. This is also the risk that has been repeatedly reminded. Don't be blindly overwhelmed by bulls. You need to respect the market at all times. After falling below 3120, there is room for a retracement, but whether the overall trend has turned is still uncertain. This week is very critical. There are important fundamental news. It is necessary to confirm whether it will change the fundamentals. Only when there is a change will the trend turn. Pay attention to the 3120 first-line resistance on the top of the 4-hour chart, and pay attention to the 3100 support on the bottom in the short term. It is recommended to operate in the range. Gold operation suggestion: short selling near 3115-3119, stop loss 3130, target 3105-3100

Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions, operate according to your own operation plan, market information is complicated, and blindly following the trend is easy to fall into the dilemma of chasing ups and downs.

2. In gold trading, we will continue to pay attention to news and technical changes, inform you in time if there are changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
Trade active
In addition to Trump's announcement of tariffs this week, there will also be non-agricultural data to be released, so this week is destined to be extraordinary. Don't look at the huge increase in the first two days of this week. Before the tariff issue and the non-agricultural data are released, I personally think that everything is still uncertain. You can also think about it. If gold wants to continue to rise, I feel that it is not necessary to rush so hard at the beginning of this week. If you have to explain it, then maybe gold is playing a big game. Pull up the gold space in the first two days, and wait for the subsequent tariffs and non-agricultural data to be released, it may usher in a dive. So, in simple terms, both long and short positions are available. If it falls below 3120, then be careful that the decline will accelerate. It is recommended to choose to chase the short position and look at around 3100.
Trade closed: target reached
Warm congratulations on our successful profit in the gold market again! This time, we shorted gold, accurately grasped the market, made a lot of money, followed the trading plan, and strictly abided by the closing discipline. Friends must have made beautiful profits.

The market changes rapidly, but as long as everyone follows my trading signals and strictly enforces trading discipline, every fluctuation can be transformed into a profit opportunity, which can not only achieve steady profits, but also accumulate experience and improve trading capabilities. In the future, we will continue to work together to ride the wind and waves in the gold market and steadily gain more profits.

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.