Gold will continue to fall, and it is time to short gold
Brothers, first of all, let me introduce myself. I am Allen, a professional trader with several years of experience. I have always believed in a saying: It is not important to judge right or wrong. What is important is how much profit you get when you are right and how much loss you lose when you are wrong. I cannot guarantee that I have no mistakes, but I have indeed helped many people to gain a lot, so my posts will share with you my most authentic thoughts, experiences and trading strategies, and move towards the road of glory with my brothers.
Gold continued to fall and broke, and the bulls had no counterattack strength. The selling sentiment was already quite obvious. At this stage, I am unswervingly bearish on gold. From a short-term technical perspective, the previous overbought phenomenon has been repaired to a certain extent with the retracement, of course, it still tends to be on the short side technically. In addition, the sharp rise of the US dollar has caused absolute suppression on gold, which is more conducive to the continued decline of gold.
Gold is currently trading around 2863. As gold continues to fall, the upper resistance area moves downwards. Gold is currently experiencing resistance at 2870-2880. Therefore, in terms of short-term trading, we can wait for gold to rebound and boldly short gold after approaching this area. If gold falls below the 2850 mark next, then gold is expected to continue to test the area near 2830.
Opportunities are reserved for those who are prepared. If you seize the opportunity, you can seize wealth. I share my trading thinking and logic for free every day. Many friends have reported that it is very helpful. If you want to grasp market trends, trading ideas and trading plans in a timely manner, you can follow the bottom of the article for details!
Gold continued to fall and broke, and the bulls had no counterattack strength. The selling sentiment was already quite obvious. At this stage, I am unswervingly bearish on gold. From a short-term technical perspective, the previous overbought phenomenon has been repaired to a certain extent with the retracement, of course, it still tends to be on the short side technically. In addition, the sharp rise of the US dollar has caused absolute suppression on gold, which is more conducive to the continued decline of gold.
Gold is currently trading around 2863. As gold continues to fall, the upper resistance area moves downwards. Gold is currently experiencing resistance at 2870-2880. Therefore, in terms of short-term trading, we can wait for gold to rebound and boldly short gold after approaching this area. If gold falls below the 2850 mark next, then gold is expected to continue to test the area near 2830.
Opportunities are reserved for those who are prepared. If you seize the opportunity, you can seize wealth. I share my trading thinking and logic for free every day. Many friends have reported that it is very helpful. If you want to grasp market trends, trading ideas and trading plans in a timely manner, you can follow the bottom of the article for details!
Transaction en cours
Trade fermée: cible de profit atteinte
Note
Gold has now fallen to 2837, and gold has fallen by more than 100 points.
If you want to copy profitable signals and maintain a trading winning rate of 90% or above, you can join the Telegram group: t.me/+48CzZEX0bH45ZGM0
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
If you want to copy profitable signals and maintain a trading winning rate of 90% or above, you can join the Telegram group: t.me/+48CzZEX0bH45ZGM0
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.