Today's market has been in a bottoming-out rebound all day, and the market has strongly pulled back to the previous range of shocks. Gold hit its lowest level near the 2880 line this morning and then rebounded. However, gold's rebound was not strong and it has not been able to break through the 2920 mark. Judging from the current trend of gold, it is difficult for gold to break through the 2920-2930 resistance area. Therefore, my personal recommendation for short-term gold operations is to use 2930 as defensive resistance. We will continue to short gold based on rebound highs, and look at the 2900 first-line support below.
The trading market will not sympathize with the weak, let alone believe in tears. Brother, a qualified trader always faces the ups and downs of the gold market with a calm mind. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don't know how to make more profits, if you are already in it but the harvest is not ideal, then you might as well consider taking a look at my profile.
The trading market will not sympathize with the weak, let alone believe in tears. Brother, a qualified trader always faces the ups and downs of the gold market with a calm mind. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don't know how to make more profits, if you are already in it but the harvest is not ideal, then you might as well consider taking a look at my profile.
Trade active
2918 is yesterday’s high point on Monday. Although today’s highest point reached 2922, we can see that there is no entity standing above 2918. If the gold daily line can close above 2920 in these two days, it is expected to break through the key resistance level of 2930 and even retest the historical high level of 2945-2955 area. Therefore, in the next short-term trading, gold is very likely to have a retracement to around 2900 without breaking through 2918.The trading market will not sympathize with the weak, let alone believe in tears. Bros, a qualified trader, always faces the ups and downs of the gold market with a calm mind. I will post every day and share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you have already entered the market but the harvest is not ideal, then you might as well consider taking a look at my profile
Trade closed: target reached
Bros, regarding the current trend of gold, we cannot wait for gold to fall without making adjustments. If gold can break through our target area, we can continue to add short positions to seek more profits.Many friends who have read my posts have reported that my trading ideas and strategies are very helpful to them. I always firmly believe that profitability is the criterion for measuring strength, and seizing the opportunity is the key to victory. I will post every day to share my trading strategies and ideas for free. If you have just entered the market and don’t know how to make more profits, if you are already in it but the harvest is not ideal, then you might consider taking a look at my profile.
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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.