Gold may come under pressure and fall in the evening!How much room is there for gold above 3100? This week, the strong bull market of gold has been rising again and again, with no intention of stopping.
Yesterday morning, the market opened directly and broke through the high. The European market was under pressure at 3130 and corrected sideways. The US market bottomed out and rebounded and closed near the high point.
This kind of strong market closed strongly at a high level, especially the market that rose in the early morning. Generally, there will be a continued rise in the morning of the second day. The same was true yesterday, Monday. Time cycle.
So can we still be bullish today? Tomorrow, the tariff policy will be implemented on April 2. Buy expectations and sell facts. The previous daily line has been three consecutive positive lines. Gold may fall back in the next two days. Unless there is a large gap between the actual implementation and expectations, it may help push gold to continue to rise.
I personally think that gold will adjust at the end of this week, and at worst it will fluctuate. At this price, don't chase more, and don't touch the ceiling.
In the case of gold prices hitting new highs, after all, there is no previous high to refer to, so the risk area can only be judged by the increase.
Although the market rose today, it fell back under pressure from 3150, and the lowest price hit 3124. Therefore, the focus of the European session will be on the gains and losses of 3120. If it breaks, the short-term bearish trend may further fall to 3110-3100.
If the European session does not perform well and maintains sideways fluctuations, there may be a decline in the evening, and at most it will only rebound, and there is little hope of breaking the high.
In terms of trading, a total of four orders were operated yesterday, and one order was loss-making:
1. The 3073 long market was not given a slight difference, so I went long aggressively at 3081, and stopped profit at 3110 after reducing the position at 3100;
2. After the rise in the afternoon, I expected a correction, and I went short with a light position at 3112, and stopped loss at 3120;
3. I continued to go short with a light position at 3124 in the European session, and reached the target position of 3100 after reducing the position at 3110;
4. There were many orders at 3100, and I stopped profit at 3124 before the break
Xauusdbuy
Gold intraday trading strategyGold continued to rise strongly on Friday, breaking the high and closing. The U.S. gold price stabilized at the 3067 mark and continued to rise, and finally closed back above 3085, almost the highest point of the day. The daily K-line closed with two consecutive positive days of shock and breaking the high. The overall gold price firmly stood above the 3050 mark, continuing the strong unilateral rhythm of the bulls. However, after the opening of today, the gold price continued to accelerate and pierced the 3097 mark, and then fell back under pressure and adjusted rapidly. In the short term, the gold price is expected to usher in repeated long and short fluctuations at the 3100 integer mark. Don’t chase more near 3100 at present. Although it rebounded near 3097 at the opening and then rebounded after touching the lowest level of 3077, this wave of technical adjustments is far from reaching the target. We continue to maintain the idea of retreating and going long.
From the 4-hour analysis, the support below is around 3065-73, with a focus on the 3056 first-line support below. The short-term pressure above is 3100-3106. Relying on this range during the day, the main tone of the high-altitude low-multiple cycle remains unchanged.
Gold operation strategy:
1. Buy when gold falls back to 3065-3073, add more when it falls back to 3056, stop loss at 3045, target at 3105-3108, continue to hold if it breaks
Gold 100% Profit SignalThis week, multiple factors intertwined to affect the gold price. The tariff policy was settled on Wednesday, and the ADP data also caused market turmoil; the non-farm data on Friday will test the market again, with risks and opportunities coexisting. Against this background, gold has shown its charm as a safe-haven asset. The decline of the US economy, the intensification of the US debt crisis, and the geopolitical tensions in the Middle East have all provided impetus for the rise in gold prices.
From a technical perspective, gold fell back quickly after opening high in the morning, but then stabilized and rebounded. The weekly, daily and 4-hour lines all showed a bullish trend, with strong upward momentum. On the hourly chart, gold maintained a good upward trend, with previous highs and lows rising continuously, and bulls dominated. The current upper resistance is in the 3135-3138 range, and the lower support is in the 3111-3107 range. In terms of operation, it is recommended to do more on the callback and supplement it with high rebound.
Operation strategy 1: It is recommended to buy at 3105-3100, stop loss at 3093, and the target is 3120-3140.
Operation strategy 2: It is recommended to sell at 3130-3135, stop loss at 3142, and the target is 3110-3100.
Gold continues to move lower today!Gold is running fast in small steps above 3100, and the strong bull market has been rising again and again, with no intention of stopping. Yesterday, it opened directly and broke the high. The European market was under pressure and corrected sideways at 3130, and the US market bottomed out and rebounded to close near the high point.
This kind of strong market closed strongly at a high level, especially the market that rose in the early morning. In any case, there must be more in the morning of the second day, and generally there will be continued rises. The same time cycle is true on Monday.
At present, gold bulls are rising strongly, and you can just go with the trend and be bullish. Don't guess the top easily. There may be a small correction in the process of rising, but it does not change the overall upward trend. It mostly appears in the form of bottoming out and rebounding, which is also a kind of correction.
The real big top needs a certain amount of time to brew, or there is an obvious top signal. If there is a large-scale high-rise fall and close with a large cross, you should pay attention; or if there is a large decline, it is not appropriate to continue to be bullish.
For now, gold can still continue to see more. After all, there is no previous high to refer to, so the risk area can only be judged by the increase.
For gold today, the price rose from 3120 to 3148 in the morning, an increase of nearly 30 US dollars. So the afternoon adjustment continues to be bullish, focusing on the 3133 first-line support, the watershed is at 3120, and the upper pressure is 3150-3160! If the European session fluctuates sideways without rising, beware of the bottoming out and rebounding at night, repeating yesterday's trend.
In terms of trading, a total of four orders were operated yesterday, and one order was loss-making:
1. The 3073 long market was not given a slight difference, so I directly aggressively long at 3081, and stopped profit at 3110 after reducing positions at 3100;
2. After the rise, there will be a correction in the afternoon, and the stop loss at 3120 is 3122;
3. The European session continued to be lightly short at 3124, and the target position of 3100 was reached after reducing positions at 3110;
4. There were many orders at 3100, and the stop profit was 3124 before the break.
Gold's new high interpretationIt is indeed a new round of gold reverse pick-up, retreating to the lowest level of 3076, breaking the new high again, and reaching the exaggerated point of 3112 as of now. The dream of gold reaching 1,000 yuan that the market expects is within reach. In such a violent market at the opening of this week, should we aggressively chase the rise or short? First of all, there are three consecutive positive lines on the daily line, and the bullish trend is actually very obvious. Today, the bulls pushed the point up and stood firmly above 3100, so there is still room for continued rise, and vice versa.
The low point of the morning retracement on the hourly line is the dividing line between strength and weakness today. If the price retraces again, the strong trend will be weak. If the price continues to rise in the afternoon without retracement, it will be difficult to choose the entry point. If the position is chosen aggressively, the volatility will be high and the price will lose money. If the position is chosen conservatively, the entry point will not be reached. There are too many factors that affect the rise and fall of gold at present.
Gold fell back to 3090-3100, stop loss at 3085, target at 3020-30, no prediction for upper resistance for the time being
Precise gold trading signalsSpot gold opened higher and moved higher in the morning trading on Monday (March 31), breaking through $3,090/ounce and setting a new record high of $3,111.54/ounce. The market was mainly driven by geopolitical risks and market concerns about the global trade war, which attracted investors to safe-haven assets. The market expects the Federal Reserve to cut interest rates by 63 basis points this year, starting in July. Goldman Sachs raised the probability of a US recession from 20% to 35%. Goldman Sachs expects the Federal Reserve to cut interest rates in July, September and November. The market is currently preparing for Trump's plan for reciprocal tariffs on April 2.
This week, the focus will be on the implementation of global trade tariffs on Wednesday and the non-farm payrolls report on Friday, which may strengthen gold's safe-haven appeal. Other important data include the ISM manufacturing PMI and JOLTS job openings on Tuesday, ADP employment on Wednesday, and the ISM non-manufacturing PMI and initial jobless claims on Thursday.
Gold has four consecutive positive weekly lines, and the price has risen strongly based on 5MA. The K-line continues to diverge upward against the upper Bollinger track. Last week, the K-line closed with a real big positive line, and there will be further continuation this week. The upper track has moved up to around 3122, but today's monthly line is closed. After the high, we must also be careful of the risk of retracement. The daily K-line also broke the high after the consolidation last week. The current price has risen to 3111. The bulls are very strong, and there is further short-term growth. Pay attention to the resistance near the upper track 3117 in the short term, but it should be noted that MACD has signs of top divergence, so be careful of the market going up and falling back to wash the market. The 4-hour chart is also in a very strong trend.
Intraday operations still adopt the idea of low-to-long, bullish but not chasing the rise, gold rose and broke the high in the morning, so the European session will continue, the intraday support is 3097-3086, the watershed is the early low of 3076, the European session falls back to around 3097-86 and continues to be long, focusing on the strength of the European session, the European session is strong, and the US session has a second rise, if the European session is weak, the US session will fluctuate.
Gold strategy: It is recommended to buy at 3097-3095, stop loss at 3086, and target 3113-3122-3132
Gold continues to rise above 3100!Gold is bound to reach 3100. Last week, after several days of shocks, gold broke through the high and rose sharply. On Friday, it reached 3087, and the daily line closed with a big positive for two consecutive days. There is only a dozen dollars left to reach 3100, and there is no doubt that it will be won next week.
On Friday, the high level fluctuated sideways, and it tested the high point of 3086 many times from the US market to the early morning. The more it tested, the greater the probability of breaking. Finally, it closed near the high point of 3085.
If this kind of strong market closes strongly at a high level, then there is a high probability that the market will directly rise and break the high at the opening on Monday morning, or will go straight to around 3100. Even if there is a retracement, the amplitude will not be too large. Pay attention to the support line of 3073-3067.
How much room is there above 3100?
This wave of strong breakout and rise is somewhat affected by the tariff policy. The rise in risk aversion has helped push gold to a new high. After a large increase in bullish volume, it may slow down. It mainly depends on the expectation of tariff policy, buy expectations and sell facts. The previous rise has fully digested the impact of the news. Facts have proved that if it continues to rise, it is expected to slow down or even fall in stages.
The retracement range of the previous high of 3057-3000 is only 57 US dollars, which can only be regarded as a small correction. Under the influence of the news, it will break the high again. It is possible to see more above 3100, but it is really not recommended to chase more.
Because after the New York futures gold broke through 3100 US dollars on March 28, the number of contracts delivered on the first fixed position day of the April contract was as high as 34,865, with a total of 3.49 million ounces, that is, 108 tons, a historical record. In the case of gold continuing to rise and break high, this huge delivery will make it highly likely that there will be a large-scale run on gold in April.
In the previous round, the price of gold bulls went from 2286 to 2790, which was 504 US dollars. If calculated from 2277 to 2790, it is 513 US dollars. It peaked at 2790 and fell to 2536, which was 254 US dollars.
In this round of bull market, the price went from 2583 to 3100, which was 517 US dollars. If calculated from 2596 to 3100, it was also 504 US dollars.
According to the same rise and fall in the previous round, there is a possibility of a sharp decline above 3100. Be careful of risks if you are bullish but don't chase the long position. If the price drops by 254 US dollars from 3100, it is 2846, which is also near the starting point of the second rise, which is consistent with the technical aspect.
XAUUSD: Long or short?Real-time trading.Does the continued rise of XAUUSD make you panic? Don't know how to make a good trade?
This is correct, because you don't understand the market and are not in my analysis circle, so you can't capture the first real-time trading opportunity.
As shown in the figure, the market is digesting bearish sentiment. Although there is some decline, the space is not large. The current trading opportunity is mainly buying, with the double support below plus geopolitical uncertainty and the certainty of tariffs. Under multiple supports, it is difficult for XAUUSD to achieve a substantial decline in the entity, so long is still the key.
The trend shows signs of retracement, but we need to pay attention to the impact of market news. I have said this before. Under the influence of news, it is difficult for the trend to go out of the independent market, and trading must be in line with the trend. The key support of 3120-3100 will continue from today to tomorrow and there is still room for significant growth. If you are a seller, remember to stop loss in time. Control risks. If you are a buyer, remember the purpose of swing trading, make money and leave. Trading is simply to resell the difference to make a profit.
So don't let your trading mentality and greed overcome your reason and cause your account to be cleared. If you can't control the profit growth of your account well. Remember to leave me a message. I am absolutely professional in this regard.
GOLD: Potential RisksIf the price reaches the 3136-3148 range, there is no need to hesitate, just sell. This is the gold trading strategy for today provided to you before yesterday's closing. I wonder if any friends have grasped this profit?
After getting support near 3125, the price rebounded again. It is still in the rising stage. The resistance continues to focus on the vicinity of 3148.
Here is a reminder for everyone: During the trading process, the technical pattern of the 2H and above cycle level has a turning point. This is not a joke, so everyone must be cautious when chasing highs.
Even if there is news supporting the market now, news is something we cannot control. Once there is news of easing the situation, the risk aversion of gold will subside, and the decline will definitely not be small.
So while we follow the trend, we must also learn to think against the trend!
#XAUUSD: Smaller Time Frame With More Accurate Entry Areas! We currently have several active ideas in the Gold analysis section. However, we would like to share a comprehensive chart analysis that clearly demonstrates a market trend and potential entry points. The analysis identifies two entry types: “safe” and “risky.” A “safe” entry is only valid if the “risky” entry is invalidated. You may choose to take either entry if it aligns with your trading bias and chart analysis.
If you find this analysis valuable, please consider liking and commenting on it, as this feedback will help us post more detailed analyses in the future.
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Gold's oscillation convergence is about to break!Technical analysis of gold: Gold has slightly risen and fallen during the day and is generally in a volatile trend. Gold is currently temporarily maintaining a narrow range of fluctuations on the daily trend, but the short-term moving average has begun to gradually diverge downwards, and there are signs of weakening in the short term on the daily line. The 4-hour level trend is temporarily maintained in a volatile state, and the price is temporarily compressed between 3010-3030. The short-term moving average continues to maintain a state close to adhesion and flatness, tending to maintain a volatile trend in the short term. It is necessary to pay attention to the continued downward trend after a small break in the 4-hour level trend. In the small-level cycle trend, there are signs of a small stabilization after touching the previous support band, and pay attention to the short-term adjustment.
Today's short-term gold operation ideas suggest that callbacks should be the main focus, and rebound shorts should be supplemented. The upper short-term focus is on the first-line resistance of 3030-3036, and the lower short-term focus is on the 3010-3012 first-line support.
Short position strategy:
Strategy 1: Short 20% of the gold position in batches when it rebounds to around 3030-3032, stop loss at 3055, target around 3020-3015, and look at the 3010 line if it breaks;
Long position strategy:
Strategy 2: Long 20% of the gold position in batches when it pulls back to around 3010-3012, stop loss at 8 points, target around 3020-3025, and look at the 3030 line if it breaks;
Another Good Trade for GOLD (XAUUSD) Today
My overall forecast for this week is that Gold will do classic expansion week where monday will go up then tuesday will most likely go up to sweep mondays high then do the reversal so that wednesday and thursday will be expansion going down and target the daily imbalances below. For today i was expecting a bullish push upwards for GOLD before it will reverse so i followed my steps by combining my multi timeframe analysis. From daily for the overall bias to 1H for that confirmation and alignment then 5m for my entry timeframe. Once i saw those 3 timeframes align with combination confirmation that i saw with the price action then i entered the trade. My original target was 1:3R but then i saw the weakness after price came to my 1:2R level so i manually pulled out with a 1:2R gain for today....
You can't make money from such a simple market?After gold stepped back, it hit a new high again. Gold bulls continued to be strong. Gold broke through 3127 again, so the bulls are even better.
The gold 1-hour moving average continues to cross upwards and diverges. The support of the gold 1-hour moving average has moved up to 3096, but gold is now far away from the moving average, so wait patiently for adjustments and then step back to continue to buy. The gold 1-hour lowest yesterday fell to around 3100 and then stabilized again, so today gold will continue to buy on dips above 3100.
Trading ideas for reference:
Go long near gold 3110, sl: 3100, tp: 3130
3/31 Gold Trading StrategiesThe five-wave upward movement in gold has been completed. Next, we expect a period of consolidation around 3130, forming a short-term top before a potential pullback. However, during this consolidation phase, there is a possibility of a price surge, though the probability is low.
Trading Suggestions:
For conservative traders: Avoid rushing into positions. It’s better to wait for a pullback and the confirmation of a secondary top before entering trades.
For aggressive traders: You may enter at the current price, but be cautious with your position sizing and leave room for potential additions.
Based on the magnitude of the previous upward movement, the expected retracement zone is around 3110-3096, where a minor support level may form.
Trading Strategy:
📉 Sell in the 3121-3131 range
📈 Buy in the 3105-3090 range
Trade carefully
XAU/USD BuyHello dear traders
I try to guide you in trading and creating trading positions and share my trading ideas with you so that if I make a profit, you can also make a profit with me.
These analyzes are done with great complexity and all technical parameters are taken into account as much as possible.
And finally, it is presented to you in a completely simple and practical way to use them.
Be sure to follow the capital management.
Do not risk more than 1% of the capital in any of the positions.
Keep in mind that you are responsible for all trades.
(Good luck)
GOLD: What to do if you Hold a Short position?Gold is rebounding. Pay attention to the resistance above 3020. At present, we can see obvious selling pressure on the 2H chart. MACD has formed a divergence. 2H is a larger period. Its form is short, which means that tomorrow or the day after tomorrow, the market will fall sharply.
In addition, the divergence of MACD is sometimes repaired by shock market. This situation is not uncommon, so when trading, we need to focus on the support.
Judging from the current candlestick chart arrangement, there is support near 3100, followed by the 3096-3088 range. If a larger divergence pattern is to be formed, the price may reach the 3036-3048 range. At that time, there is no need to hesitate too much, just sell it.
Gold continues to look above 3100Today, we will focus on the breakout of 3127-30. If it fails to break higher, then this point may become a short-term high point. It is best to go long if it falls back to 3100-02. It is still possible to go short if it falls back to 3102 and then rebounds to 3125-27. If you cannot control yourself and go with the trend, then going short may be the best choice. It is better not to do it than to make a mistake! Watching more and doing less is also a suitable strategy. Overall, it is recommended to go long on pullbacks and short on rebounds in terms of short-term gold operations. The short-term focus on the upper side is the 3128-3130 resistance line, and the short-term focus on the lower side is the 3100-3097 support line.
Operational Strategy;Gold will pull back to around 3100-3102, buy 20% of the position in batches, stop loss at 3090, target around 3115-3125, and look at 3150 if it breaks;
Gold at New Record—Will the Rally Continue?Spot gold opened higher and rose further in the early trading on Monday (March 31st). It once broke through the level of $3,090 per ounce and reached a new all-time high of $3,128 per ounce. This market movement was mainly driven by geopolitical risks and market concerns about the global trade war, which attracted investors to flock to safe-haven assets.
This week, multiple factors in the market have interwoven to affect the price of gold. On Wednesday, the tariff policy was finally determined, and the ADP data also caused fluctuations in the market. On Friday, the non-farm payrolls data will once again test the nerves of the market, presenting both risks and opportunities. Against this backdrop, gold has demonstrated the charm of a safe-haven asset. The economic slowdown in the United States, the intensification of the US debt crisis, and the tense geopolitical situation in the Middle East have all provided impetus for the rise in the price of gold.
From a technical perspective, gold surged after opening in the morning and then quickly declined, but it stabilized and rebounded later. The weekly, daily, and 4-hour charts all show a bullish trend, with strong upward momentum. On the hourly chart, gold maintains a good upward trend, with previous highs and lows continuously rising, and the bulls are in the dominant position. Currently, the upper resistance is in the range of $3,135 - $3,138, while the lower support is in the range of $3,070 - $3,080. In terms of operation, it is recommended to go long on pullbacks as the main strategy and go short on rebounds as a supplementary strategy.
XAUUSD
buy@3090-3100
tp:3120-3130-3150
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Gold's Historic Ascent: Breaking the $3,100 Barrier
Gold, the timeless safe-haven asset, has surged to unprecedented heights, breaching the $3,100 per ounce mark for the first time in history. This remarkable rally, fueled by a confluence of geopolitical tensions and economic anxieties, underscores gold's enduring appeal as a hedge against uncertainty. The recent surge, surpassing the previous record set just days prior, signals a potent shift in investor sentiment, driven significantly by the United States' imposition of new levies.
The Catalyst: US Levies and Geopolitical Turmoil
The primary catalyst for gold's dramatic ascent is the escalating geopolitical landscape, particularly the United States' implementation of new levies. These levies, often associated with trade disputes and economic protectionism, inject uncertainty into global markets. Investors, seeking to mitigate potential losses, flock to safe-haven assets like gold, driving its price upward.
Beyond the immediate impact of US levies, a broader sense of economic fragility permeates the market. Concerns about inflation, rising interest rates, and potential economic slowdowns have created a climate of apprehension. In such environments, gold's historical role as a store of value becomes increasingly attractive, bolstering its demand.
Gold's Safe-Haven Status: A Time-Tested Phenomenon
Gold's allure as a safe-haven asset is deeply rooted in its intrinsic properties and historical performance. Unlike fiat currencies, which are susceptible to inflation and government policies, gold retains its value over long periods. In times of economic and political instability, gold tends to outperform other asset classes, serving as a reliable hedge against market volatility.
This safe-haven status is further reinforced by gold's limited supply and its universal recognition as a valuable asset. The precious metal's physical nature and its role in various industries, from jewelry to electronics, contribute to its enduring demand.
The Market Reaction: A Surge in Investor Confidence
The surge in gold prices reflects a significant shift in investor confidence. As traditional investment avenues become increasingly risky, investors are turning to gold as a means of preserving capital. The influx of funds into gold-backed exchange-traded funds (ETFs) and other gold-related investments underscores this trend.
The market's reaction also highlights the interconnectedness of global economies. The US levies, while originating from a single nation, have reverberated across international markets, triggering a flight to safety. This demonstrates the profound impact of geopolitical events on investor behavior and asset prices.
Analyzing the Price Surge: Factors at Play
Several factors contribute to gold's current price surge:
• Currency Fluctuations: A weakening US dollar can make gold more attractive to investors holding other currencies.
• Inflationary Pressures: Rising inflation erodes the purchasing power of fiat currencies, increasing the appeal of gold as an inflation hedge.
• Interest Rate Policies: Lower interest rates can reduce the opportunity cost of holding gold, as it does not generate interest income.
• Geopolitical Instability: Political conflicts, trade disputes, and economic sanctions create uncertainty, driving demand for safe-haven assets.
• Central Bank Purchases: Central banks often hold gold reserves as a hedge against currency fluctuations and economic instability. Their purchasing activity can influence gold prices.
•
Looking Ahead: The Future of Gold Prices
Predicting future gold prices is inherently challenging, as they are influenced by a complex interplay of factors. However, several trends suggest that gold's upward trajectory may continue:
• Persistent Geopolitical Tensions: Ongoing political conflicts and trade disputes are likely to sustain demand for safe-haven assets.
• Economic Uncertainty: Concerns about inflation, rising interest rates, and potential economic slowdowns are expected to persist.
• Increased Investor Interest: The recent surge in gold prices has attracted significant investor attention, potentially leading to further inflows of funds.
However, potential headwinds could also impact gold prices:
• Strengthening US Dollar: A stronger US dollar could make gold less attractive to international investors.
• Rising Interest Rates: Higher interest rates could increase the opportunity cost of holding gold.
• Improved Economic Outlook: A more optimistic economic outlook could reduce demand for safe-haven assets.
The Significance of Gold's Milestone
Gold's breach of the $3,100 mark is a significant milestone, reflecting the profound impact of geopolitical tensions and economic anxieties on global markets. It underscores gold's enduring role as a safe-haven asset and its ability to preserve value in times of uncertainty.
As investors navigate the complexities of the global economy, gold is likely to remain a key component of diversified investment portfolios. Its historical performance, intrinsic properties, and universal appeal make it a compelling asset in an increasingly uncertain world.
GOLD:Short positions are dominant in New York sessionToday, gold jumped higher and opened higher. After filling the gap, it continued to rise, breaking through the 3100 mark and approaching 3130. The excessive and rapid rise caused the MACD indicator to diverge, giving us the opportunity to short this time, from which we gained 1000+ points of profit. Together with the profit of nearly 2000 points in the Asian session, we have gained more than 3000 points of profit today.
At present, the price is still falling, with weak support roughly around 3107 and strong support around 3098. Before the start of the US session, the price is expected to fluctuate in the 3100-3130 area. There will be large fluctuations after the opening, and the possibility of falling from a high position is greater, so the US session can pay more attention to the opportunity to short at a high position.
XAUUSD Today's strategyOver the past period of time, the price of gold has continued to rise and repeatedly reached new highs. This one-sided upward trend has accumulated a large number of profitable positions. As more and more investors choose to lock in their profits, the momentum driving the rise of the gold price will gradually be weakened, and the downward pressure will keep increasing.
The gold price is currently at a high level. This crazy bullish trend is simply unsustainable. It has now deviated seriously from the normal track. Such a situation is obviously unreasonable, and it is inevitable that the price will return to a reasonable range.
After conducting an in-depth analysis of various data in the current gold market, encompassing price trends, trading volumes, and market sentiment, as well as a comprehensive evaluation of the ever-evolving market situation, I am firmly and resolutely committed to implementing a short-selling strategy.
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sell@3095-3100
tp:3070-3075
SL:3109
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