Sell Gold in 2740-2750 area
Updated
Gold has risen to around 2740 driven by geopolitical risks. Obviously, gold is currently in a clear bullish trend, but the more it gets to this point, the more dangerous it is. Gold is now completely out of the normal range of rise. We can see that gold does not give a big chance of callback at all now, just to make more people chase long gold at a high level. But chasing long gold in this way can easily get trapped at the top.
As for the top area of this round of gold's rise, I expect it to be in the 2740-2750 area. So after gold touches this area, gold may fall back at any time. So in short-term trading, we can start shorting gold in batches in the 2740-2750 area.
So, bros, while you are immersed in the enthusiasm of going long on gold, I am now shorting gold in batches! Let's look forward to the next results!
As for the top area of this round of gold's rise, I expect it to be in the 2740-2750 area. So after gold touches this area, gold may fall back at any time. So in short-term trading, we can start shorting gold in batches in the 2740-2750 area.
So, bros, while you are immersed in the enthusiasm of going long on gold, I am now shorting gold in batches! Let's look forward to the next results!
Trade active
Gold has retreated after reaching around 2740 and has now retreated to around 2635. Let's see if gold can continue to retreat.Trade active
Bros, our short position has made a very good profitTrade active
Bros, please take profits on your short positions. You can try to go long on gold near 2718-2717.Trade active
Gold has now rebounded above 2720, and our long positions have begun to make profitsTrade active
At present, gold has fallen into a narrow range again after falling back. I just closed the short position and then went long gold near 2717. At present, gold cannot break through the 2725-2730 area, so gold is still relatively weak for the time being. , so I chose to close the long position in gold. I think the current market may be a bit complicated. I think it is important to take advantage of the situation in time to keep profits!
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