Gold fluctuated during the day yesterday, and broke through in the evening, reaching a high of around 2895. As I expected yesterday, gold rebounded after a sharp drop, and continued to above 2890. After reaching 2890, the rebound strength of gold weakened, and there were signs of running downward again many times. This shows that the upper 2895-2905 area can still constitute a short-term structural resistance for gold. Therefore, the intraday rebound can rely on this position to short gold first. It is expected that gold will be able to fall back to the 2875-2865 area after being blocked.
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Trade active
In the short term, the bullish trend is relatively strong, but gold has not fallen after rising, so we need to pay attention to gold's highs and then fall. We can short in the 2920-2930 area.Brothers, profit is the ultimate goal of trading, and accumulating profits is what changes your life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals, make stable profits, or want to learn the correct trading logic and skills in depth, you can consider joining the channel at the bottom of this article.
Trade closed: target reached
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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
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.