Bros, driven by risk aversion, gold has risen rapidly to above 2920, breaking through the recent consolidation range of 2895-2885. However, due to the promotion of news, the continuity of gold's rise may not be strong. We must be careful of the trend of falling after rising, so we cannot aggressively chase long gold in short-term trading;
After consolidating in the past two days, gold has risen through the stimulation of news and got rid of the bottom area, and the rising structure is relatively complete. Then gold may try to rush into the upper 2930 resistance area again with the support of the rising structure, or even near the previous high of 2956. So in the next transaction, we can wait for gold to fall back to the 2900-2890 zone and try to go long on gold;
Of course, for now, before gold falls back to 2900-2890, we can safely short gold again in the 2915-2925 zone; after gold falls back to 2900-2890, we will go long on gold.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
After consolidating in the past two days, gold has risen through the stimulation of news and got rid of the bottom area, and the rising structure is relatively complete. Then gold may try to rush into the upper 2930 resistance area again with the support of the rising structure, or even near the previous high of 2956. So in the next transaction, we can wait for gold to fall back to the 2900-2890 zone and try to go long on gold;
Of course, for now, before gold falls back to 2900-2890, we can safely short gold again in the 2915-2925 zone; after gold falls back to 2900-2890, we will go long on gold.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
Trade active
Bros, gold hit resistance and fell back after reaching 2927. Stimulated by the strong rebound of the US dollar, gold continued to fall to around 2900. If you followed my trading strategy and shorted gold in the 2915-2925 area, I believe you must have made a very considerable profit. At present, gold has rebounded slightly, and I believe that gold will continue to fall after the rebound.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
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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.
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.