XAUUSD: The downward trend is not over yet, continue Sell
The short trend in gold is not over yet, and the rebound is an opportunity to continue to give Sell.
The 4-hour double top of gold suppresses the rise of gold. At the same time, the 1-hour moving average of gold continues to cross downwards, the short positions are arranged, and the opening continues to widen, and the short positions of gold will continue. Continuously hitting new lows in 1 hour, the short trend is obvious, gold rebound can continue to sell. Now that gold has fallen below a new low, it rebounded above 2300 and continued to sell. I am ready to wait for the rebound to near 2305 to sell.
The way to trade is to abandon personal preferences. The market is always correct and the market conditions are current. You cannot think that gold is going to rise just because it has fallen too much. The right way is to follow the trend, instead of filling your head with random thoughts and use your mind to decide the rise and fall. The most simple way is to don't think too much and follow the trend. Gold is now a short trend, so continue to be short to the end.
The 4-hour double top of gold suppresses the rise of gold. At the same time, the 1-hour moving average of gold continues to cross downwards, the short positions are arranged, and the opening continues to widen, and the short positions of gold will continue. Continuously hitting new lows in 1 hour, the short trend is obvious, gold rebound can continue to sell. Now that gold has fallen below a new low, it rebounded above 2300 and continued to sell. I am ready to wait for the rebound to near 2305 to sell.
The way to trade is to abandon personal preferences. The market is always correct and the market conditions are current. You cannot think that gold is going to rise just because it has fallen too much. The right way is to follow the trend, instead of filling your head with random thoughts and use your mind to decide the rise and fall. The most simple way is to don't think too much and follow the trend. Gold is now a short trend, so continue to be short to the end.
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✅If you are a newbie or are losing money, you join me and I will guide you to profitable trading!
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