Last week, we mentioned that if gold continues to fall, it will go to around 3245-3250. This position is 618 of the retracement from 3120 to 3450, and it is also the previous rising point. After the opening, it tested this position as expected and rebounded. If it continues to break down, it will gradually go to around 3225 and 3204. Last Friday, it opened weak and eventually fell to 3255. Although it rebounded at the end of the session, it was not enough to change the weak pattern. Today, we will focus on the rebound strength. The pressure is at 3291 and 3301. Short according to the rebound strength, and look at the 3245 support below. If it does not break, consider going long.
Gold operation suggestion: short around 3291-3001, target 3370-3360.
Gold operation suggestion: short around 3291-3001, target 3370-3360.
Trade active
Gold bulls are currently attacking the 3296 line. Pay attention to the short-term suppression at the 3301 line on the upside. Don’t be bold to short if it rebounds and doesn’t break. Today, it opened at the 3272 line and rebounded to the 3281 line and started to fall. It fell to the 3247 line and rebounded. It tested the support below and then rebounded. The rebound was relatively strong. Now the highest rebound is around 3296. You can still boldly short gold if it rebounds below 3301. After all, the suppression from above is still relatively strong, and the trend of shorting if it rebounds does not break remains unchanged.Trade closed: target reached
Congratulations to the brothers and sisters who followed the trading plan and continued to make steady profits! As mentioned in our trading plan, the idea of shorting gold below 3301 was clearly given, the market went down as expected, and the short order accurately reached the target position TP3275, and the profit was steadily pocketed! Keep it up!
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://t.me/TP_Daniel1
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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.
I will go all out for every cooperating friend. Once I trust you, I will speak with results. I don't promise huge profits, but steady profits. Many people have done it, and you can do it too.Free Witness Telegram https://Grouphttps://t.me/TP_Daniel1
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.