Made a profit of 170 pips, continue to short gold!
Updated
Under the influence of the weekend news, gold once rushed above 2400, but then quickly fell back. Just now, gold fell back to below 2370 again. Obviously, we shorted gold near 2391 and perfectly hit TP: 2374. We made considerable profits in the gold short position. Although gold has rebounded again after touching 2370, the rebound strength is still lacking.
https://www.tradingview.com/x/iY8vhTsk/
From the chart, 2410 is the last line of defense for gold at present, not only because 2410 is the suppression position of the daily moving average. Moreover, 2410 is where gold has always broken in the previous candle charts. You can see that gold has rushed above 2410 many times before, but in the end the daily closing line always closed below 2410. It can be seen that gold has rushed above 2410 many times before, but the final daily line closed below 2410. This is enough to prove the strong suppression position here at 2410. Therefore, as long as the daily line does not close above 2410, then gold is undoubtedly a strategy to keep shorting.
From the 4-hour chart, we can see that gold is currently in a head and shoulders pattern, with the shoulder position changing from the previous 2420-2430 to the current 2390-2400. As long as the current shoulder position is confirmed, there is no doubt that it will also usher in a sharp drop as before. The 2350 position may not be the low point, and the final target position of this wave will most likely reach the 2340-2330 area. Therefore, we can focus on finding opportunities to short gold at present, with the first target below looking at 2350, and the second is the 2340-2330 area.
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. !
https://www.tradingview.com/x/iY8vhTsk/
From the chart, 2410 is the last line of defense for gold at present, not only because 2410 is the suppression position of the daily moving average. Moreover, 2410 is where gold has always broken in the previous candle charts. You can see that gold has rushed above 2410 many times before, but in the end the daily closing line always closed below 2410. It can be seen that gold has rushed above 2410 many times before, but the final daily line closed below 2410. This is enough to prove the strong suppression position here at 2410. Therefore, as long as the daily line does not close above 2410, then gold is undoubtedly a strategy to keep shorting.
From the 4-hour chart, we can see that gold is currently in a head and shoulders pattern, with the shoulder position changing from the previous 2420-2430 to the current 2390-2400. As long as the current shoulder position is confirmed, there is no doubt that it will also usher in a sharp drop as before. The 2350 position may not be the low point, and the final target position of this wave will most likely reach the 2340-2330 area. Therefore, we can focus on finding opportunities to short gold at present, with the first target below looking at 2350, and the second is the 2340-2330 area.
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 cannot effectively break through 2400, so it can currently be used as a short-term resistance area, and then look for suitable opportunities to short gold.Trade active
Gold is currently rebounding. When gold rebounds to the 2390-2400 area, we will continue to short gold.Trade active
Gold still favors a bearish trend before retaking 2410Trade active
Next we can try to short gold in small quantities in the 2385-2390 area
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