Gold has no power to rebound in the Asian session, and it keeps fluctuating and falling. The highest rebound was 3292, but it fell back under pressure, and the lowest touched 3217. The fluctuation and decline are still dominant, so we only need to short on the rebound. It is still difficult to fill the gap at the opening today, so don't have hope. Just keep shorting on the rebound. The weekend article also analyzes the bearish opening this week. After all, the international situation of India and Pakistan's comprehensive ceasefire and Russia-Ukraine ceasefire negotiations are mainly bearish for gold. Coupled with the technical shorts, it is reasonable for gold to jump short. Today, we will treat gold as rebound shorting. In terms of operation, we will mainly short on rebound and be a steady trader. Judging from the current trend of gold, the main short rhythm of the pullback will continue to remain unchanged before the daily level breaks through and stands at this position.
Trade active
The expected plunge, the United States announced the cancellation of Executive Orders No. 4.8 and No. 4.9, that is, to reduce tariffs, caused the gold price to plummet by 50 US dollars. Of course, we immediately took profits. The large negative line on the four-hour line of the gold price directly sank all supports, and it just plummeted. The large negative line entity was directly pressed down, and the K-line had no strength to rebound and was directly knocked down. The short era has come, which has brought us good returns.Trade closed: target reached
After the market plunged across the board, from a technical perspective, the oscillators on the hourly chart have been gaining negative traction and supporting the prospect of further intraday declines in gold prices. Coupled with the current continued sell-off of gold, one position that needs to be focused on in the European market is the area near 3200. If it falls decisively below this level, it will pave the way for a weekly retracement trend. At present, because the short order I laid out has made a profit, and if I want to play the game again, I need to pay close attention to the 3200 position and break down. If the market rebounds with support, there will be a different upsurge and long-short game in the market. The market fluctuates violently and you don’t know when to enter the market. Do you want to double your profits? As long as you persist, without complicated operations, your weekly income can reach more than 100-400%.
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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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.