Follow the trend and sell on rallies

26 nov.

Gold has been jumping up and down with huge fluctuations. Yesterday, gold plummeted because Israel and Lebanon are about to cease fire, and the Trump team gave a time point to resolve the Russian-Ukrainian conflict, so the risk aversion sentiment subsided and traders took profits at high positions, causing gold to plummet by 100 points in a single day. However, the short-term news expectations have been digested. The more chaotic geopolitical pattern still supports the gold price, so the decline is limited. Continue to pay attention to the support near 2600!

After gold fell and broke through the Asian session yesterday, our trading ideas began to turn to short. Gold fell sharply at 2680 as expected. Gold is now turning to short. Gold rebounds and continues to be short. Rebounds are opportunities for shorts. Gold is now falling from a high level, and the decline may have just begun.

The 1-hour moving average of gold has begun to turn around, and shorts may start to exert their strength. Gold rebounds below 2637 and continues to be short at highs.

First support: 2612, second support: 2600, third support: 2589

First resistance: 2630, second resistance: 2640, third resistance: 2655

Trading strategy:

BUY: 2604-2606

SELL: 2637-2639

26 nov.

Trade fermée manuellement

Who followed the signal? Closing part to protect your profits.

26 nov.

Note

Reaching the take profit area