Although gold is currently above 3310, it does not mean that gold has stopped falling and stabilized. As long as gold remains below 3330-3340, gold is still in a weak state, so I think the decline of gold may not be over yet. Judging from the current trend, I think gold will have to retest 3300 at least again, or even around 3280 before it will have a chance to stop falling and rebound.
So for the grasp of short-term trading opportunities, I think you can consider shorting gold with 3330-3340 as resistance.
So for the grasp of short-term trading opportunities, I think you can consider shorting gold with 3330-3340 as resistance.
Trade active
Gold is currently rebounding again, but the rebound is relatively weak. As long as gold remains below 3330-3340, gold will still be weak and bears still have the potential to continue to fall. We can seize this rebound opportunity to gradually short goldTrade closed: target reached
Now is a good time to short gold
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Traders who do not aim at profit are not qualified traders. Maintain a trading win rate of more than 85% and pursue the annual profit target: more than $600K! Witness Free Telegram Group: t.me/Steffen_S68
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.