Still maintain the trading rhythm of shorting gold

Dear friends, gold reached a record high of 2222 after the interest rate decision last week. However, as the U.S. dollar index rose again, gold fell off a cliff. Judging from the candlestick chart, although gold touched a high of 2222, we can see that the entity closed below 2195 on the daily chart, so this is obviously a sweep. Then there is no reason for gold to reach a new high, and it is even difficult to break through the 2195 position.

From the perspective of the general trend, gold's mid-term decline has basically been confirmed, and it will be difficult to reach new highs later. And now we are mainly confirming the rhythm at which gold will fall. From the current point of view, the energy of gold bulls still exists to resist the decline of gold, so it is difficult for gold to fall to the bottom in one step. Therefore, gold is likely to continue its volatile decline, and there may be a possibility of a partial rebound during the correction. This will add some difficulty to our trading rhythm. If we cannot control the transaction price well, we are likely to suffer losses in the transaction. Gold is currently trading at 2165. You certainly cannot short gold directly at this position. We first focus on the 2175-2180 resistance area above.

I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.

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If gold falls early, we can consider going long gold with the 2150-2145 area as support

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Gold is currently oscillating in a narrow range around 2165. If the downward trend of gold slows down, we can first participate in the short-term long gold position at the appropriate position.

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Did you follow the trading signal I published last time and go long gold at 2165? At present, gold has rebounded to above the 2168 position. If you have not had time to go long gold, you can wait for gold to rebound before going short gold.

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We can consider shorting gold first in the 2171-2175 area.

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Gold has now rebounded to our target area for shorting gold. We can start shorting gold in this area first.

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Because the U.S. dollar is weakening in the short term, gold has been boosted. However, the current increase is limited, and gold is suppressed by short-term resistance. Once gold cannot break through the resistance area, gold will continue to fall.

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If gold inertia rushes higher, we can add a position to short gold in the 2175-2180 area.

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At present, gold continues its short-term rebound and has touched the short-term resistance area of 2175-2180. If you want to participate in trading, you can consider starting to short gold.

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Gold has now fallen back to around 2174. If you followed my trading signals, you will definitely have made some profits now.

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Although the candle chart pierced the 2180 position, it closed with a long upper shadow line. There is still strong resistance above, so we can wait patiently for gold to fall back.

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The journey of trading is lonely. Now gold is starting to fall again and our trading is starting to be profitable again.

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Gold continued its decline and fell back to around 2175 again, but we are in no hurry to close orders. We wait for gold to continue falling and profits to expand

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If gold cannot break through the 2180-2185 area. Then there will definitely be a downward trend in the market outlook