A sure-win trade: Shorting gold
Dear friends, gold fell back again after hitting near 2181 during the rebound, and is currently trading near 2175. My trading idea today is very simple. First of all, the rhythm of short trading is still maintained overall, but the short-term level constitutes a head and shoulders bottom pattern, so in terms of trading, we first go long gold, and then short gold. For specific details, you can refer to my previous article. First, go long gold near the 2165 position; second, short gold in batches in the 2175-2180 area.
Judging from the current trend, although gold touched near the 2181 position during the rebound, the upper shadow line on the candle chart has grown, proving that there is still very strong resistance above, and the trend has surged higher and fallen back, with an obvious peaking callback signal. If gold fails to break through the key area of 2180-2185, then gold is expected to usher in a correction phase and continue to fall under pressure.
In terms of trading, even though our gold short position has not yet hit TP, we currently have a pretty good profit, and we can continue to hold it and wait for the profit to increase significantly. 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 in a short period of time; 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.
Judging from the current trend, although gold touched near the 2181 position during the rebound, the upper shadow line on the candle chart has grown, proving that there is still very strong resistance above, and the trend has surged higher and fallen back, with an obvious peaking callback signal. If gold fails to break through the key area of 2180-2185, then gold is expected to usher in a correction phase and continue to fall under pressure.
In terms of trading, even though our gold short position has not yet hit TP, we currently have a pretty good profit, and we can continue to hold it and wait for the profit to increase significantly. 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 in a short period of time; 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.
Trade active:
Gold not only fell below 2180, but now even fell below 2175, then gold will continue to fall. Our gold short position will definitely exit by hitting TP
Trade active:
Gold has now pulled back to around 2172. If gold falls below 2170, gold will accelerate its decline
Trade active:
Although the downward momentum of gold has slowed down, as long as gold remains below 2175, gold will 100% continue to fall.
Trade active:
Gold has dropped back to below 2171. Although it has recovered slightly, as long as gold fails to stand above 2180, the overall rhythm of gold will continue to fall.
Trade active:
Gold has not even been able to reach the 2175 position during its recovery, so gold will continue to fall after the market opens.
Trade active:
When the market opens, we will still look for opportunities to short gold. I guarantee that we will make good profits.
Trade active:
Gold has rebounded as expected in the short term. We will wait patiently for the opportunity to short gold again.
Trade active:
Gold did not close firmly above 2175, and gold will continue to correct on the whole. So wait patiently for gold to rebound and then short gold again
Trade active:
We continue to place the dividing point between long and short positions near 2181. If gold touches near this position, we can continue to consider shorting gold.
Trade active:
As expected, gold continues to fall and has fallen below 2170. Then gold will once again test the support in the 2165-2160 area.
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