Can gold be shorted directly?The 1-hour moving average of gold has begun to turn slightly downward, and the strength of gold bulls has been suppressed. The 1-hour gold has now formed a head and shoulders pattern. If the strength of gold's rebound is limited, then the room for further decline of gold will increase.
Trading idea: short gold around 3032, stop loss 3042, target 3022
Xausudsignals
GOLD (XAUUSD): The Next Resistance is Here:
Many Gold traders are now speculating where is the next strong
resistance on XAUUSD chart.
I see a very peculiar zone ahead that is based on a significant
rising trend line that the market has been respecting since 2023
and 2900 psychological level.
Probabilities will be high to see at least a pullback from that zone.
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