Brothers, in my previous article, I clearly expressed the trading strategy of shorting gold when it rebounds to the 2875-2880 area. Now that gold has reached the target area as expected, I have started to short gold in batches according to my strategy.
As far as the current trend of gold is concerned, gold still failed to break through 2880 during the rebound. Gold's performance is not strong, and gold's short-term rebound can be regarded as a technical repair for this round of decline. If gold fails to break through 2880 during the rebound, then gold will continue to fall, so next we will mainly focus on the intensity of gold's retracement. According to the current gold structure, I expect gold to at least retreat to the 2860-2850 area.
Brothers, have you followed me to short gold? At present, gold has retreated slightly relative to the target area of our short selling. Our short position has begun to make money. We look forward to the continued decline of gold to bring us better profits.
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Free trading signals are released every day, with a monthly return rate of nearly 400%. If you also want to copy trading signals, you can join the Telegram group: t.me/Allenview
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.