Use 2684 as resistance to short gold

Oct 16

Today, gold was pushed up to around 2683. This round of gold rise is in line with our expectations. Yesterday, we went long on gold in the 2645-2650 area and made a good profit. Currently, gold is approaching the previous high of 2684. Although bullish sentiment is high, I do not recommend going long on gold here directly, after all, the suppression of the previous high still exists.

We have just shorted gold near 2683. Currently, gold has fallen back to around 2674, and our short position has made a good profit. Then our short target is the 2670-2665 area. Of course, if gold can fall back to the 2660-2655 area, I may consider going long on gold in combination with the real-time market.

Oct 16

Trade active

I have just shorted gold around 2683, with the short target being the 2670-2665 area.

Oct 16

Trade active

Gold failed to break through 2682 in two rebounds. Gold is still facing pressure from previous highs. We can still hold a short position in gold.

Oct 16

Trade active

Gold still failed to achieve an effective breakthrough during the rebound, and our short positions still have good profits.

Oct 16

Trade active

Gold still failed to make an effective breakthrough during the rebound. I think gold is still likely to fall back and is expected to test at least the 2670-2665 area.

Oct 16

Trade active

Close short positions to take profits immediately and look for opportunities to go long gold later.

Oct 16

Trade active

If gold continues to fall, I will look for opportunities to go long on gold again. Brothers! Let’s make profit from long and short two-way trading

Oct 16

Trade active

According to the current structure of gold, there is still room for gold to fall back. Gold is expected to rise again after retesting 2660-2650.

Oct 16

Trade active

I shorted gold again, target 2665-2655

Oct 16

Trade active

Gold fell back again and our short position started to make profit again