Gold Spot / U.S. Dollar
Short
Updated

Gold shows signs of slowing down, are the bears ready?

348
This wave of bullish pull-up is a complete rebound. With the help of the timeliness of fundamentals, the highest rebound only reached around 3330 and then began to fall. At this time, many people probably think that the short-term trend has begun to change. I still stick to my bearish thinking. The important target pressure is definitely around 3330. As long as this position is under pressure and falls back to 3280 again, it will be shaky. At present, the stop loss is based on the break of 3335. If it really breaks, it will be similar to the break of 3280. Even if 3340-3345 is short, it is also a short-term bull correction. If the falling channel is broken, I can't convince myself to continue to be short and stick to it. Once 3335 breaks, I can really confirm the reversal of the short-term trend. Then 3280 will also be the bottom of the medium term. In short, since I am shorting near 3320-3330 in the direction of the band and the short-term negative, I think that the stop loss will be given to 3335. The stop profit target is uncertain. The channel has not been broken. Now the short-term long and short conversions are frequent. It is definitely the best choice in my own trading system. No one will win all the time. It is too fake to win all the time. Make your moves according to your own ideas without regrets. If this wave of strategy verification fails, everyone is welcome to supervise. We dare to take responsibility and review every judgment.
Trade active
Since we have come to the market, we must have the courage to fight the market. Cowardice will only make us retreat further. Only by moving forward bravely can we get what we want. Trading is tortuous and not so smooth. I think many people see through the beauty outside, but find out why the risks are always so great? Because they don't see the reality clearly! We can't change the risks of the market, but we can control the risks. Since I entered this market, I have always kept my original intention. Only by controlling the risks can we make profits, but as long as we can seriously grasp the opportunities and adhere to the correct trading logic, we can quickly turn losses into profits. Without a perfect system, once is a fluke, twice is also a fluke, and in the end, we will only face losses!
Trade closed: target reached
As expected, the gold trend slowly rose to the key suppression zone of 3330 and was blocked. The short strategy was accurately triggered and smoothly entered the profit release stage. The overall rhythm and layout are highly consistent, and the strategic foresight and execution are verified again. This is the confidence to plan ahead and act decisively, and it is also the reason why we have already started to reap profits while you are still waiting. The market never waits for those who hesitate. If the rhythm is right, it is only a matter of time to make a profit. Next, we will continue to focus on key points, keep a steady rhythm, and win in a stable manner.

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