At present, gold is still struggling in the range, but the hourly chart shows an obvious head and shoulders trend, with the head at 3057, the shoulder at 3045, and the neckline at 3022. Once the hourly chart stands below 3022, the market is expected to fall further to the 3000 mark. Only if it falls below the 3000 mark can it fall better!!!
Trade active
It turns out that 3045 does have very strong resistance. It has fallen from 3045 to 3022. At the same time, the formation of the head and shoulders top indicates that there is room for further decline. We will continue to pay attention.Trade closed: target reached
Yesterday we shorted gold 3 times in the 3040-3045 range, and each time we reached TP.
It turns out that there is indeed very strong resistance in the 3040-3045 range, but there is also good support in 3020-3025. Now my short position has been profited. If it reaches 3040-3045 again today, I will continue to consider selling.
In market trading, risk and opportunity go hand in hand. Your ability to seize opportunities depends on your market judgment. If you lack the skills to analyze the market and trade blindly, the risks will far outweigh the rewards.
I invite you to copy my trading signals or join my channel for stable signal support and consistent profits.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.
If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
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.