After the release of NFP yesterday, gold began to fall sharply from 3352, reaching a low of around 3312; although it has gradually rebounded above 3340, the time span is not short, so the rebound is not strong; and the double top structure successfully constructed by gold in the 3365-3360 area in the short term still plays a technical suppression role in the short term, greatly weakening the rebound potential; and with the decline of gold yesterday, I think before gold recovers the 3352 starting point, gold will also be under pressure in the 3345-3355 area in the short term. If gold cannot successfully break through this area during the rebound, gold is expected to retest the 3330-3320 area again.
Because of the US Independence Day, the gold market will be closed in advance today. It is expected that gold will not have a breakthrough today, so it may be difficult to break through the 3345-3355 area in the short term, so we can still continue to maintain the trading rhythm of shorting gold in terms of trading.
So I think shorting gold still has a lot of profit potential. We can short gold with 3345-3355 area as resistance and look to the target area: 3335-3325-3315.
Because of the US Independence Day, the gold market will be closed in advance today. It is expected that gold will not have a breakthrough today, so it may be difficult to break through the 3345-3355 area in the short term, so we can still continue to maintain the trading rhythm of shorting gold in terms of trading.
So I think shorting gold still has a lot of profit potential. We can short gold with 3345-3355 area as resistance and look to the target area: 3335-3325-3315.
Trade active
In addition to executing a long position near 3312 yesterday, I have been insisting on shorting gold since near 3365 recently. Of course, the short trade has brought us very considerable profits, and I am very satisfied with it.Today, before gold regained the 3350-3355 area, I still insisted on shorting gold, and I have already shorted gold near 3345. I am very much looking forward to gold retesting the 3330-3320 area again, taking this opportunity to bring us rich profits again. Are you as optimistic about the decline of gold as I am? Have you shorted gold?
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Trade closed: target reached
My trading strategy today is very clear. We can short gold with the 3345-3355 area as resistance and look to the target area of 3335-3325-3315. Obviously, our short-term short trading strategy today is very successful! The only regret is that gold did not continue to rebound to the 3350-3355 area, so our plan to increase positions was shelved!Today we perfectly caught the intraday high and shorted gold. Originally, we set TP: 3325, but when I followed the market, I observed that after gold touched around 3334, the volatility converged and the decline was not strong. We also happened to make a profit of 100-110 pips, so I immediately notified all VIP members to close their positions and lock in profits.
Not only do I update trading strategies every day, I also update detailed trading signals. You can click 🌐 to get trading signals as soon as possible!
Detailed strategies, accurate signals, considerable profits, Telegram group：t.me/Steffen_S68
Learn detailed trading strategies and get accurate trading signals, Telegram group: t.me/Steffen_S68
Learn detailed trading strategies and get accurate trading signals, Telegram group: t.me/Steffen_S68
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.
Detailed strategies, accurate signals, considerable profits, Telegram group：t.me/Steffen_S68
Learn detailed trading strategies and get accurate trading signals, Telegram group: t.me/Steffen_S68
Learn detailed trading strategies and get accurate trading signals, Telegram group: t.me/Steffen_S68
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.