I doubled short gold around 2589.
Updated
Bros, I know that some short sellers are very anxious because gold has already reached around 2590, and it is only one step away from 2600. As long as my friends who follow me know, I hold a short position, but I am not particularly worried. If you still hold a short position in gold, please be sure to read the following content carefully.
Today, gold basically maintained a consolidation trend. As of now, gold has not broken through 2590. Since yesterday, I have been emphasizing that the 2580-2590 area is likely to become a short-term top area, and it still holds true now. Gold has failed to break through 2590 many times, and it is very likely to copy the trend of gold near 2530 some time ago. It has failed to break through many times, and it has built a short-term top structure and then fell under pressure. I think this possibility is very high!
In addition, the Federal Reserve is going to cut interest rates, and I firmly stand in the camp of expecting a 25 basis point interest rate cut. Once the Federal Reserve cuts interest rates by 50 basis points below market expectations, gold will inevitably fall. Moreover, gold rose before the interest rate cut, which is likely to reserve room for decline after the interest rate cut.
Last point, in fact, what I focus on now is not market fluctuations, but market sentiment. Even if I continue to be bullish on gold, the transaction risk is very high, so I prefer to start shorting gold when the market's bullish sentiment is high. So I am not worried about the short positions in my hands. On the contrary, I doubled my short positions on gold near 2589 today. I believe that time will eventually give us rewards!
Today, gold basically maintained a consolidation trend. As of now, gold has not broken through 2590. Since yesterday, I have been emphasizing that the 2580-2590 area is likely to become a short-term top area, and it still holds true now. Gold has failed to break through 2590 many times, and it is very likely to copy the trend of gold near 2530 some time ago. It has failed to break through many times, and it has built a short-term top structure and then fell under pressure. I think this possibility is very high!
In addition, the Federal Reserve is going to cut interest rates, and I firmly stand in the camp of expecting a 25 basis point interest rate cut. Once the Federal Reserve cuts interest rates by 50 basis points below market expectations, gold will inevitably fall. Moreover, gold rose before the interest rate cut, which is likely to reserve room for decline after the interest rate cut.
Last point, in fact, what I focus on now is not market fluctuations, but market sentiment. Even if I continue to be bullish on gold, the transaction risk is very high, so I prefer to start shorting gold when the market's bullish sentiment is high. So I am not worried about the short positions in my hands. On the contrary, I doubled my short positions on gold near 2589 today. I believe that time will eventually give us rewards!
Trade active
I have been emphasizing that the 2580-2590 area is likely to become a short-term top area, and it still holds true now.Trade active
Brothers who have shorted gold, please gather here!Trade active
The Fed is going to cut interest rates, and I firmly stand in the camp of expecting a 25 basis point rate cut. Once the Fed cuts interest rates by 50 basis points lower than market expectations, gold will inevitably fall.Trade active
Bros, double short near 2589, I just want to ask if it feels good?Trade active
Do you think gold has stopped falling? Now it’s just a fake move to attract people to go long gold.Trade active
Since last week, whether on TradingView or in the group, I have been insisting on shorting gold, and I have always emphasized that although we may be stuck in trading for a few days, time will eventually give us rewards.
In fact, what gives me the confidence to short gold is that I firmly stand in the camp of the Fed's 25 basis point rate cut. Although the Fed's interest rate decision of 50 basis points today exceeded my expectations, gold also rose and hit the 2600 area. But what I am trading now is not market fluctuations, but market sentiment. With the sharp rise in gold, the logic of buying expectations and selling facts will be realized. So I immediately added a large-scale short gold transaction near 2599. I asked everyone to wait for my good news on September 16!
So everyone witnessed my miracle today! I also hope that everyone has made a satisfactory profit!
Trade active
To be honest, I have been insisting on shorting gold in recent days, and I have increased my shorting position in gold because of my persistence, and I clearly told everyone to double short gold near 2589. A few friends support me, of course, there are also many people who laugh at me, and I think there should be many people who want to see my joke. So in recent days, I have deliberately blocked useless and internal friction news. I have the logic and reasons to insist on shorting gold. And it is my determination that made me profit a lot in this transaction!
When you laugh at my madness, I am sad that you can't see the trading logic of buying expectations and selling facts. Even when paying attention to the news, I also reminded that although the Federal Reserve announced a 50 basis point interest rate cut, Powell was reserved in his speech and was not completely dovish. I still insist on the decline of gold.
Trade active
To be honest, I have been insisting on shorting gold in recent days, and I have increased my shorting position in gold because of my persistence, and I clearly told everyone to double short gold near 2589. A few friends support me, of course, there are also many people who laugh at me, and I think there should be many people who want to see my joke. So in recent days, I have deliberately blocked useless and internal friction news. I have the logic and reasons to insist on shorting gold. And it is my determination that made me profit a lot in this transaction!
When you laugh at my madness, I am sad that you can't see the trading logic of buying expectations and selling facts. Even when paying attention to the news, I also reminded that although the Federal Reserve announced a 50 basis point interest rate cut, Powell was reserved in his speech and was not completely dovish. I still insist on the decline of gold.
Friends who have entered my group have made considerable profits by following trading signals! If you want to get detailed trading signals and trading logic, join my Telegram group: Make making money a pleasure t.me/+o1k2cWcaCJVmNzRk
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