Short-term-king

Make money by shorting gold with your eyes closed

Short
Short-term-king Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
From the perspective of short-term structure, since gold fell from around 2000 to around 1974, it has been unable to break through the 1992 position during the rebound process, which proves that gold is extremely weak, so gold will continue to fall, and it will even go down and test again Support around 1970.

So can the current price directly short gold? Obviously not, because before gold falls to test the support of 1970, it will definitely go up in a short-term and rapidly.In order to let most short traders be eliminated in advance,and let some traders who chased more gold be trapped again,so at least where is it safer to short gold? I predict that it will be relatively safe to participate in shorting gold around 1996-1998.

Therefore, when gold is trading around 1988, we should not rush into the market to participate in the transaction, but first observe the breakthrough situation at the 1992 line, and properly consider the expectation that gold will appropriately lower the high point during the rebound. Wait patiently for a solid position to participate in shorting gold. As for the specific position to participate in shorting gold, when the opportunity is right, I will announce my trading signal in the channel as soon as possible. Please pay attention to the information in the channel.
Trade active:
This position closes your eyes and shorts gold to make money. Are you still losing money in gold trading? I don't think that should be, if you want to make money in gold trading, you must read this article.
Trade active:
The trend of gold is in line with my expectations. The rebound does not break the resistance of 1992 and it falls directly. Have you made money?
Trade active:
Gold patiently waits for the opportunity to rebound and short
Trade active:
Gold is currently in a narrow range around 1982-1984
Trade active:
Gold hit the highest point above 1995. As I expected, shorting gold with 1996-1998 as the resistance, gold can make money trading with eyes closed
Trade active:
The intraday volatility of gold is relatively small, but there is still room for profit, and the small spatial volatility may pave the way for next week's non-agricultural data and the Fed's interest rate decision
Trade active:
At present, gold can focus on the 1992 position first. If 1992 cannot be broken through, you can consider shorting gold near the 1992 position
Trade active:
Gold should still be weak within the day, but the downside is limited
Trade active:
A huge victory was achieved in the transaction this week. The transaction history has been published on the channel, and a satisfactory answer sheet has been given to everyone, and a little of my trading experience has been taught. I hope it can help everyone.If you have any questions in the transaction, you can enter my channel
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.