XAUUSD: Short, target 2482-2473
Updated
https://www.tradingview.com/x/V3mQLrg3/
Because of the possible war factors, gold has risen sharply and broken through 2500. If the situation further expands, gold will continue to rise. Before that, let us consider the technical form.
At present, after a rise, the indicators have begun to weaken. The support must be tested. Therefore, in the short term, you can short first. The support is in the range of 2482-2473, and the second is near 2459. So my trading idea is to short first, wait until it is near the support, and then formulate a new trading strategy according to the market situation.
The market has fluctuated greatly recently. High profits also mean high risks, so we must act within our means during the trading process and do not take risks easily.
Because of the possible war factors, gold has risen sharply and broken through 2500. If the situation further expands, gold will continue to rise. Before that, let us consider the technical form.
At present, after a rise, the indicators have begun to weaken. The support must be tested. Therefore, in the short term, you can short first. The support is in the range of 2482-2473, and the second is near 2459. So my trading idea is to short first, wait until it is near the support, and then formulate a new trading strategy according to the market situation.
The market has fluctuated greatly recently. High profits also mean high risks, so we must act within our means during the trading process and do not take risks easily.
Trade active
Gold is falling, short sellers are making moneyTrade active
The price has successfully touched our TP1/TP2 and is currently in a rebound phase with a rebound resistance of around 2488-2495Trade active
First, congratulations to those who participated in this short trade—the target of 2482-2473 was successfully achieved. The market is currently in a rebound phase, with resistance at 2488-2496. If you have long positions, you can start gradually closing them once the price reaches this range. Then, wait for the market to provide a clear direction before re-entering trades, which will help better manage risk.Trade active
A bold prediction about the future trend of gold
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