Gold is bound to fall back to the 2020-2015 zone
Updated
Dear friends, today we made very good profits on both long and short gold trades. In particular, under the influence of CPI and initial jobless claims data, gold fell directly to near 2025 after briefly touching 2045, hitting my expected profit target of 2026 in one fell swoop.
https://www.tradingview.com/x/FYYlvOvf/
After the initial jobless claims data and CPI data were released, gold hit the 2025 position and then rebounded again to the 2034 position. Now it has fallen back to around the 2026 position again. We can see that gold is still supported by certain buying at the 2025 position. However, gold appeared relatively weak during the rebound, and fell back again after hitting orbital resistance, so the short potential is relatively stronger at present. Therefore, in the case that gold has not achieved a phased upward breakthrough for the time being, I still advocate shorting gold at a relatively high level.
Therefore, I do not recommend aggressively going long gold at the moment. Instead, we can consider trying to short 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 details at the bottom of the article to get detailed trading signals, trading lot size, TP and SL.
https://www.tradingview.com/x/FYYlvOvf/
After the initial jobless claims data and CPI data were released, gold hit the 2025 position and then rebounded again to the 2034 position. Now it has fallen back to around the 2026 position again. We can see that gold is still supported by certain buying at the 2025 position. However, gold appeared relatively weak during the rebound, and fell back again after hitting orbital resistance, so the short potential is relatively stronger at present. Therefore, in the case that gold has not achieved a phased upward breakthrough for the time being, I still advocate shorting gold at a relatively high level.
Therefore, I do not recommend aggressively going long gold at the moment. Instead, we can consider trying to short 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 details at the bottom of the article to get detailed trading signals, trading lot size, TP and SL.
Trade active
Wait for gold to rebound and continue shorting goldTrade active
Gold has touched near the 2021 position and has begun to touch the range I expected.Trade active
As expected, gold returned to the 2020-2015 zoneTrade active
Now we can try to go long gold in the 2015-2013 areaTrade active
Gold has stopped its decline now, let us wait patiently for gold to reboundTrade active
If you had just followed my trading signals to go long gold in the 2015-2013 area, you would have now closed your position at a profit.Trade active
At present, gold has rebounded to the 2025 position. We should not continue to be long gold for the time being. Instead, we need to start thinking about finding suitable opportunities to short gold.Trade active
xauusd:@2028-2030 Sell, TP:2018Trade active
Let us patiently wait for gold to fall backTrade active
Add a position at 203663-2038 to continue shorting gold.
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