Gold will also test 2020-2010 area support again
Updated
Dear friends, after gold rebounded to a maximum near the 2039 position, it then fell back and hit a minimum near the 2022 position. At present, it has rebounded relatively and is trading near the 2029 position.In fact, compared to the current gold market, the market has been keen to kill a group of staunch short supporters and long supporters in the past two days, and the up and down fluctuations have been very thorough. Regarding the current gold market, I mentioned in my article yesterday that gold does not have the conditions to hit the 2050 position again in a short period of time, so gold will definitely fall back after rebounding.So today I shorted gold mainly around the 2025 position and the 2035 position in my trading. There is still a certain amount of profit at present.
https://www.tradingview.com/x/FS9TMz9v/
Since the current lowest level of gold has touched near the 2022 position, do you think now is an opportunity to go long in gold? I don’t think so. Since gold currently falls below the 2030 position, the short-term will be under pressure in the 2030 position area, and I think there is still room for gold to fall. Gold should at least test the 2020-2015 area again. So now I do not advocate short-term long gold. Relatively speaking, we can still short gold near the 2030 position.
I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the channel at the bottom of the article to get detailed trading signals, trading lots, and TP and SL.
https://www.tradingview.com/x/FS9TMz9v/
Since the current lowest level of gold has touched near the 2022 position, do you think now is an opportunity to go long in gold? I don’t think so. Since gold currently falls below the 2030 position, the short-term will be under pressure in the 2030 position area, and I think there is still room for gold to fall. Gold should at least test the 2020-2015 area again. So now I do not advocate short-term long gold. Relatively speaking, we can still short gold near the 2030 position.
I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the channel at the bottom of the article to get detailed trading signals, trading lots, and TP and SL.
Trade active
Gold will also test 2020-2010 area supportNote
We can short gold near the 2030 levelTrade active
Although there is not much fluctuation in gold at present, there is still room for gold to fall.Trade active
Gold is bound to retest the 2020-2010 area support next weekTrade active
The time to witness the miracle has arrived. Gold has now fallen back to its lowest level near the 2019 position, testing the 2020-2010 area as scheduled.Trade active
The moment to witness the miracle has arrived. Gold has dropped back to the lowest level near the 2019 position, testing the 2020-2010 area as scheduled. Last Friday, I placed short gold orders near the 2025 and 2035 positions. I chose to close the order early this morning. In addition, in the evening, I also informed everyone to short gold again around 2030. If you follow all my trading strategies, I believe you must have made very good profits so far!
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