Continue to short gold to make profits
Updated
Today I gave a trading signal in the channel. You can short gold using the 1986-1988 area as the short-term resistance and set the TP to 1979. Obviously, after gold rebounded to around the 1987 position, it fell back to around the 1978 position again.It hit the TP I set perfectly. Congratulations to all the friends in the channel who followed the trading signals and made relatively good profits.
https://www.tradingview.com/x/Sc1eGsVJ/
According to the current structure, although gold fell below the 1990 position and broke the bullish pattern, it also re-attracted buying funds to intervene in the market to a certain extent. Therefore, there is a certain amount of buying support below, and the short potential of gold can be slowed down. Therefore, at this time rhythm, we cannot be too aggressive in being bullish or bearish on gold. At present, we can only rely on the 1970-2000 area to see the gold shock. Later there will be the Federal Reserve's interest rate decision and Powell's monetary policy press conference, which may stimulate gold to break through the 1970-2000 area. At that time, there will also be very good trading opportunities. Obviously, I wish I could have taken that opportunity.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
https://www.tradingview.com/x/Sc1eGsVJ/
According to the current structure, although gold fell below the 1990 position and broke the bullish pattern, it also re-attracted buying funds to intervene in the market to a certain extent. Therefore, there is a certain amount of buying support below, and the short potential of gold can be slowed down. Therefore, at this time rhythm, we cannot be too aggressive in being bullish or bearish on gold. At present, we can only rely on the 1970-2000 area to see the gold shock. Later there will be the Federal Reserve's interest rate decision and Powell's monetary policy press conference, which may stimulate gold to break through the 1970-2000 area. At that time, there will also be very good trading opportunities. Obviously, I wish I could have taken that opportunity.
In fact, as long as you grasp the rhythm, it is easy to profit from gold trading. If you don't know the accurate trading rhythm, you can follow my trading ideas. I post my trading ideas every day and I also post free trading signals on a regular basis. Many friends have given feedback that it is very helpful. If you want to learn market trading logic, or you want clear trading signals and get more profits, I can satisfy you. Be sure to follow the bottom of the article to view the details!
Trade active
Next, I will still look for opportunities to short gold again.Trade active
The Federal Reserve’s interest rate decision is about to be announced, are you ready to trade gold?
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.