Gold Spot / U.S. Dollar
Short
Updated

Short gold again

200
As I mentioned in my previous article, I anticipated that gold might pull back to the 2930-2925 region, or even extend to the 2910 region, during today or tomorrow's New York trading session. Clearly, gold has retraced as expected and hit my target zone of 2930-2925. Our short position around 2954 has once again yielded a very favorable profit, totaling 270 pips.

Currently, gold has experienced a slight rebound, but it’s evident that the bullish momentum is weakening while bearish control is strengthening. After the accelerated short squeeze phase, 2955 may become the high for this stage. Moreover, as geopolitical risks decrease, the bullish momentum for gold further weakens, making it likely that gold could further dip and test the 2920-2910 support zone.

Therefore, for current short-term trading, I believe it might be a good idea to consider shorting gold again in the 2935-2940 region.Bros, will you follow me and short gold again? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade active
Compared with the decline of the US dollar, the rise of gold is gradually shrinking. Moreover, gold has encountered resistance near 2945 many times, which shows that gold still needs to pull back. Moreover, for the US dollar, 106 is the trend support. Once the US dollar stops falling and rebounds here, it will suppress gold to a certain extent. Therefore, in terms of short-term trading, I am still more willing to short gold.Bros, would you follow me and short gold again? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Trade closed: target reached
Bros, we repeatedly shorted gold in the 2935-2945 area. Gold fell back several times and touched around 2928. We can close all short positions in the 2930-2928 area to lock in profits in time.Bros, have you followed me to short gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!

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