Donald-king

Gold’s 3-game winning streak, how to trade today?

Short
Donald-king Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)

The gold four-hour line appeared in the form of a triple top. The K-line reached near 2400 three times, but all were blocked and could not get through. Overnight gold once again verified that the 2400 resistance was effective. The k-line starts to exert force from above the moving average and directly breaks through the moving average. At present, the k-line is pressed to the floor and rubbed. The lower support level is still around 2323, which is also the target level of short sellers.





Trading strategy; short around 2380, stop loss 2390, target 2370-2361

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Comment:
Gold short orders continue to make profits
Comment:
Gold reaches around 2370

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