Gold2197 sells, don’t chase the rise at the high level
Updated
Gold has been going up and down like this in the past two days. The gold market will be closed tomorrow. Today is the last trading day of this month. Today is the closing day of the quarterly, monthly and weekly lines. Gold directly breaks through. The probability of a big rise is not very high, so we should continue to sell at high prices.
Gold did not hit a new high in 4 hours. still had a head-and-shoulders top structure in 4 hours. Gold rose to around 2197 yesterday due to risk aversion, which was lower than 2200 last time. It rebounded several times in the second half of the night and failed to break through 2197. Gold rebounded below 2197 today. These are all opportunities to sell on highs.
gold:sell2197-2202
tp:2192-2187
sl:2210
Note
The market situation is changing rapidly. Sometimes, don't underestimate the role of a few dollars. This is the key position. The trend will change if it does not break or if it breaks. This is the turning point. Since gold cannot break through, it is possible to form a top structure. Gold continues to sell todayNote
Today’s strategy has been tp profitable, my strategy is very accurateTrade active
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.