📌 Gold has surged over $400 in just six trading days—a textbook example of an extreme short squeeze!
Yesterday, gold broke above the 3300 psychological barrier and is now trading above 3360. While safe-haven demand driven by escalating trade tensions is part of the reason, such a rapid and steep rally is clearly unsustainable.
⚠️ If you enter at these levels and get trapped, trying to "hold and hope" could result in facing $100+ of price swings—a dangerous gamble for most traders.
👉 Experienced traders might manage this volatility with scalping or short-term strategies to mitigate losses or even turn a profit.
❌ But if you don’t have that level of skill, don’t chase this rally blindly.
✅ Suggested approach:
Scale into short positions gradually, or
Wait for clear topping signals before going short
Missing this rally isn’t the end—some of the best opportunities come during corrections. Profit potential remains strong on the way down.
🎯 Bearish targets:
Short-term: 3312 → 3291 → 3250
Mid-term: 3196 → 3137
Yesterday, gold broke above the 3300 psychological barrier and is now trading above 3360. While safe-haven demand driven by escalating trade tensions is part of the reason, such a rapid and steep rally is clearly unsustainable.
⚠️ If you enter at these levels and get trapped, trying to "hold and hope" could result in facing $100+ of price swings—a dangerous gamble for most traders.
👉 Experienced traders might manage this volatility with scalping or short-term strategies to mitigate losses or even turn a profit.
❌ But if you don’t have that level of skill, don’t chase this rally blindly.
✅ Suggested approach:
Scale into short positions gradually, or
Wait for clear topping signals before going short
Missing this rally isn’t the end—some of the best opportunities come during corrections. Profit potential remains strong on the way down.
🎯 Bearish targets:
Short-term: 3312 → 3291 → 3250
Mid-term: 3196 → 3137
Trade active
Has started to reach the target areaTrade closed: target reached
Good morning, on Thursday, we completed a round of short orders and switched to long positions. Next Monday, the market will continue to rise. Wait for the profit to expand. After closing the order, we will trade short again.
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.
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.