The current price fluctuates around the 3300-3348 range, with resistance at 3348-3352 and support at 3295-3303. If it breaks through 3348, be wary of a second surge to around 3365; conversely, if it loses 3295, it may fall back to the 3275-55 area.
Gold recommendation: short sell near 3335-3345 when it rebounds. Target position 3320-3310.
Gold recommendation: short sell near 3335-3345 when it rebounds. Target position 3320-3310.
Trade active
Since long orders in gold are not going in, then don’t chase long positions at high levels. Since gold has a need for adjustment and at the same time, high levels have begun to stagnate, then there is nothing wrong with being short at high levels. Gold will look to adjust in the short term. I have repeatedly emphasized recently: Never go short blindly! Gold trading requires "steady, accurate and ruthless". See the trend clearly and follow the trend - mainly long and auxiliary short!Trade closed: target reached
We shorted gold near 3338. Currently, gold cannot fall further near 3330. The support is very strong. The short-term trend is unclear and the uncertainty is full. Our investment is to protect the principal and profit, which is the key. We choose to close the position first, lock in the profit, and avoid the risk of subsequent fluctuations. It will not be too late to enter the market when the situation becomes clear. Congratulations to those who followed the trading strategy. Although the profit is not much, it is still a good profit.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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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.
For every friend who proposes cooperation, I will do my best and use my professional strength to help you make profits. I have helped many members achieve stable profits. Directly click on the free witness telegram group:t.me/TP_Daniel1
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.