First continue to short gold at high levels, then go long gold
Updated
Dear friends, gold is currently trading near the 2055 position. For the current trading plan, I mainly focus on shorting gold near the 2055 position, and then add positions to continue shorting gold after gold rebounds to the 2060 area.
https://www.tradingview.com/x/WCch80pt/
We can see from the chart that although gold rose on Friday, it closed with a long upper shadow line. The rebound was not strong, and it faced strong short-term resistance above. In addition, last Friday gold rose to the 2062 position but did not break upward, so there should be many people chasing gold at this position, which also triggered a large number of short sellers to stop losses at this position, and even backhand long gold.The sentiment is a turning point, so even if gold wants to continue to rise, it should wipe out these long positions in advance.
Therefore, in short-term trading, I think we should continue to be short gold at high levels, and then wait for gold to fall back before continuing to be long gold. 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/WCch80pt/
We can see from the chart that although gold rose on Friday, it closed with a long upper shadow line. The rebound was not strong, and it faced strong short-term resistance above. In addition, last Friday gold rose to the 2062 position but did not break upward, so there should be many people chasing gold at this position, which also triggered a large number of short sellers to stop losses at this position, and even backhand long gold.The sentiment is a turning point, so even if gold wants to continue to rise, it should wipe out these long positions in advance.
Therefore, in short-term trading, I think we should continue to be short gold at high levels, and then wait for gold to fall back before continuing to be long gold. 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
Currently, gold is still trading near the 2054 position. The market is relatively flat today.Trade active
Because the U.S. market is closed today, gold will not fluctuate much.Trade active
At present, gold has fallen below 2050. If you have followed my transaction signal short gold, I believe you have a good profit. You can close the order near 2050 and lock the profit in time.
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