XAUUSD:With multiple tops, shorting is the right choice
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Gold is currently approaching support, but it is not difficult to see from the shape that shorts have an advantage over bulls. The current 30-minute chart shows that multiple tops have formed on the K-line shape, and the highs are constantly moving downwards.
In this case, our transactions should be mainly short and supplemented by long, which can reduce transaction risks and increase the probability of making money.
The current key support is 2152, followed by 2145 and 2136. When the price reaches these positions, you can try to go long in a small amount. Once you find that the upward trend is weak, close the order in time and switch to short.
Gold is currently approaching support, but it is not difficult to see from the shape that shorts have an advantage over bulls. The current 30-minute chart shows that multiple tops have formed on the K-line shape, and the highs are constantly moving downwards.
In this case, our transactions should be mainly short and supplemented by long, which can reduce transaction risks and increase the probability of making money.
The current key support is 2152, followed by 2145 and 2136. When the price reaches these positions, you can try to go long in a small amount. Once you find that the upward trend is weak, close the order in time and switch to short.
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