Boldly short gold
Updated
Due to the cooling of the Fed's interest rate cut expectations, the strengthening of the US dollar index and the profit-taking of some chips, gold barely held the 2500 mark. During the day, gold fell back to around 2490. As gold fell, the upper resistance fell accordingly, and the current short-term resistance has dropped to around 2510.
If gold cannot recover above 2510 today, then gold will continue to fall. Since gold is already trying to test the 2490-2495 area. According to the current weakness of gold, the support in this area may be broken at any time. Therefore, it is entirely possible for gold to continue to fall and test the 2485-2480 area, and it may even continue to fall to around 2470, pointing directly to our staged target area.
So in today's trading, we are still mainly shorting. As long as gold cannot recover above 2510, we can boldly short gold in short-term trading! Now I continue to hold my short position and look forward to further expansion of profits!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
If gold cannot recover above 2510 today, then gold will continue to fall. Since gold is already trying to test the 2490-2495 area. According to the current weakness of gold, the support in this area may be broken at any time. Therefore, it is entirely possible for gold to continue to fall and test the 2485-2480 area, and it may even continue to fall to around 2470, pointing directly to our staged target area.
So in today's trading, we are still mainly shorting. As long as gold cannot recover above 2510, we can boldly short gold in short-term trading! Now I continue to hold my short position and look forward to further expansion of profits!
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
Trade active
Gold is currently fluctuating in a narrow range of 2500-2498. Continue to hold short positions. Gold still has room to fall.Trade active
The New York market is closed today, and gold has no trading volume to support the rise, so gold should continue to fallTrade active
Gold has failed to break through the 2510 short-term resistance area many times during the rebound process, and gold still has room to fall back.Trade active
Gold rebound is weak, and gold will test 2493-2490 again todayTrade active
Gold's rebound momentum is gradually weakening, and gold still has the potential to continue to fallTrade active
Because the New York market is closed, gold fluctuations are not large. But it’s clear that gold shorts aren’t over yetTrade active
The Tokyo market started, gold continued to fall, and the profits from our overnight short positions further expanded.Trade active
Gold is continuing to fall and our profits are growing rapidlyTrade active
Gold has hit TP: 2495, great short trading strategy
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