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💡Strategy Review
Gold fell sharply from a high on Friday. We insisted on high shorts. Although gold seemed to rebound strongly, it quickly fell back under pressure at 3375. Gold continued to short at 3370 and fell before the non-farm payrolls. Gold was bearish on the US non-farm payrolls. Gold continued to short at 3365 and finally fell sharply. Gold continued its two consecutive wins at high altitudes on Friday.
Although gold has not reached our second target, it has fallen perfectly to our first target, and there is also room for profit of $70.
So what will be the trend of gold in the future?
At present, the short trend of gold is still strong. If it continues to fall below 3290 after opening, there will be a lot of room for further decline.
📊Technical aspects
The gold 1-hour moving average has formed a dead cross downward, so gold still has downward momentum. After the gold 1-hour high box oscillation, gold finally fell below the box, indicating that the gold short position is better.
Then the bottom of the gold box has now formed resistance, and the short-term 3340 line of gold has formed resistance to gold. If gold is under pressure at 3340 at the beginning of next week, then gold can continue to be short.
💰 Strategy Package
Short Position：3330-3340
💡Strategy Review
Gold fell sharply from a high on Friday. We insisted on high shorts. Although gold seemed to rebound strongly, it quickly fell back under pressure at 3375. Gold continued to short at 3370 and fell before the non-farm payrolls. Gold was bearish on the US non-farm payrolls. Gold continued to short at 3365 and finally fell sharply. Gold continued its two consecutive wins at high altitudes on Friday.
Although gold has not reached our second target, it has fallen perfectly to our first target, and there is also room for profit of $70.
So what will be the trend of gold in the future?
At present, the short trend of gold is still strong. If it continues to fall below 3290 after opening, there will be a lot of room for further decline.
📊Technical aspects
The gold 1-hour moving average has formed a dead cross downward, so gold still has downward momentum. After the gold 1-hour high box oscillation, gold finally fell below the box, indicating that the gold short position is better.
Then the bottom of the gold box has now formed resistance, and the short-term 3340 line of gold has formed resistance to gold. If gold is under pressure at 3340 at the beginning of next week, then gold can continue to be short.
💰 Strategy Package
Short Position：3330-3340
Trade closed: target reached
Gold continues to fall, profit is achieved according to the signal
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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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.
Through scientific and rigorous financial analysis and personalized strategy formulation, we help you achieve stable growth of wealth. At the same time, in a complex and changing economic environment, we help you avoid potential risks and protect the saf
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.