Good morning, everyone!
Yesterday’s early-entry gold short position encountered some temporary drawdown, but thanks to flexible adjustments, the trade has now moved into profit overall.
Currently, the price is hovering near a key support area. Based on the 1H and 2H charts, there is still room for further downside. At this point, there are two strategic options:
Close the position to lock in current profits;
Hold the position and wait for further decline, keeping in mind that if support holds, the price may rebound back toward the 3350 level, introducing some risk.
You can decide whether to stay in the trade or exit, depending on your risk tolerance and trading plan.
Yesterday’s early-entry gold short position encountered some temporary drawdown, but thanks to flexible adjustments, the trade has now moved into profit overall.
Currently, the price is hovering near a key support area. Based on the 1H and 2H charts, there is still room for further downside. At this point, there are two strategic options:
Close the position to lock in current profits;
Hold the position and wait for further decline, keeping in mind that if support holds, the price may rebound back toward the 3350 level, introducing some risk.
You can decide whether to stay in the trade or exit, depending on your risk tolerance and trading plan.
I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
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.
I’ve created a channel where I’ll be posting market analysis and trading signals.
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
Feel free to join—it makes it easier to follow updates, and you can also contact me directly if you have any questions.
t.me/+h6RM5RdP6X9hNmI8
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.