Holding Strong: Why It's Time to Bet on Gold's Decline
Updated
https://www.tradingview.com/x/GdwVrZcd/
There isn't much to add—I'm currently stuck in a short position on gold, but I remain convinced that a downturn is imminent. The 4-hour chart shows a clear bearish divergence, and I don’t believe it will break through the $2700 mark easily. As a result, I’m consistently increasing my short positions, waiting for the profit window to open.
Trust me, buying in at this level is as foolish as selling below $2610.
If you're holding short positions, stay firm. If you're holding long, it might be time to take profits. Greed rarely rewards anyone in the long run in the markets.
There isn't much to add—I'm currently stuck in a short position on gold, but I remain convinced that a downturn is imminent. The 4-hour chart shows a clear bearish divergence, and I don’t believe it will break through the $2700 mark easily. As a result, I’m consistently increasing my short positions, waiting for the profit window to open.
Trust me, buying in at this level is as foolish as selling below $2610.
If you're holding short positions, stay firm. If you're holding long, it might be time to take profits. Greed rarely rewards anyone in the long run in the markets.
Trade active
Seize the opportunity, sell, it will fall next week
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