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Gold has been rebounding during the day, but the strength of the rebound has weakened significantly. Although the one-hour trend broke through the upper pressure of 3340, it did not stand on 3340. The one-hour trend closed with a negative line, which means that the short-term rebound has come to an end. For this, we will continue to maintain a bearish view.
The pressure level of the one-hour market is at 3340. Before the gold price stands firm at 3340, it means that the rebound is an opportunity for us to short. The idea of our analysis just now is correct. Our internal strategy is also short at 3335. At present, the market has begun to fall back. Our positions are profitable. The target below will gradually look to around 3270, and our defense only needs to bring a little break loss.
Specific strategy
Gold 3335 short, stop loss 3345, target 3310
Gold has been rebounding during the day, but the strength of the rebound has weakened significantly. Although the one-hour trend broke through the upper pressure of 3340, it did not stand on 3340. The one-hour trend closed with a negative line, which means that the short-term rebound has come to an end. For this, we will continue to maintain a bearish view.
The pressure level of the one-hour market is at 3340. Before the gold price stands firm at 3340, it means that the rebound is an opportunity for us to short. The idea of our analysis just now is correct. Our internal strategy is also short at 3335. At present, the market has begun to fall back. Our positions are profitable. The target below will gradually look to around 3270, and our defense only needs to bring a little break loss.
Specific strategy
Gold 3335 short, stop loss 3345, target 3310
Trade active
Don't worry, my prediction will be correct.Trade closed: target reached
Will fall after adjustment
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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.