Gavin’s strategy for gold today is shorting on highs

Through the analysis of the golden hour chart, we know that yesterday the market rose first and then fell and was unable to return to the downward trend as scheduled. From the attached picture below, we can clearly see that the main bulls' funds continued to flow out, and the main short sellers increased their positions significantly and began to control the market. The main bulls no longer have an advantage. Judging from the rhythm of operation, a short-term downward trend has formed. Focus on the pressure above the 2168 line and the pressure above the 2178 line. The short-term downward space is about to open. The trend is currently in line with our expected trend in early trading. In terms of operation, we will continue Focus on short-selling ideas on rallies

gold:sell2170-2175
TP:2170-2165
SL:2180

Comment:

Holding the support point 2178, we firmly look at the downside.

Comment:

The current trend is actually in a chaotic state, with no clear signal to open a long or short position.

Comment:

Gold has surged higher and fallen back, but there are still many resistances, so we should continue to sell short. It has not broken through to stand firmly on the downward trend line, but it is just a false breakthrough or short. The current price of gold is 2167, which is directly short.

Comment:

The strategy is completely accurate. Those who followed have already made huge profits. You can continue to short near the current high level.

Comment:

The strategy is completely accurate, and those who follow it have already made huge profits.