Bros, today gold has fallen since around 2721, and currently has dropped to the lowest level around 2616, with a drop of more than $105. During the decline of gold, the bulls have no ability to resist. So, is there no hope for the bulls' energy?
In fact, gold bulls have not completely given up at present, and the bulls' energy is still organized and resistant in the 2610-2600 area. So the bulls still have the strength to fight back. If gold fails to fall below the 2610-2600 area in the first time, then gold may still rebound to around 2635-2640.
Therefore, after a sharp decline, near the short-term support area, we should not be too bearish on gold. On the contrary, if gold falls back to the 2610-2600 area and does not fall below, we can consider starting to go long on gold.
Bros, if you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
In fact, gold bulls have not completely given up at present, and the bulls' energy is still organized and resistant in the 2610-2600 area. So the bulls still have the strength to fight back. If gold fails to fall below the 2610-2600 area in the first time, then gold may still rebound to around 2635-2640.
Therefore, after a sharp decline, near the short-term support area, we should not be too bearish on gold. On the contrary, if gold falls back to the 2610-2600 area and does not fall below, we can consider starting to go long on gold.
Bros, if you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade active
Gold rebounded as expected after touching around 2616, and has now rebounded again to around 2627, up almost $10, a relatively good rebound.Trade closed manually
Bros, currently gold has rebounded to around 2628. Although I did not catch the lowest point near 2605 to buy gold, I still bought gold around 2607 according to the trading strategy. Currently gold has paused slightly around 2628, so we will not wait for TP: 2635-2640 for the time being. We can now manually close the position to lock in profits in time.
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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.
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.