Grasping the golden rhythm of short selling means making money

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. Gold is currently trading at 2165. 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.

Then gold will continue to adjust downwards, but judging from the current strength of its decline, gold will still continue its shock-like decline, so we need to wait until the right position to short gold. 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.

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Gold is currently trading near the 2166 position. We certainly cannot short gold directly at this time. We must first wait for gold to rebound to a suitable position, which will be safer in the transaction.After all, gold continues to fluctuate and falls.there is still a local rebound in the decline process

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Gold is currently oscillating in a narrow range around the 2165 position. If gold consumes enough downward momentum here, we can consider going long gold first at the lower 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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Gold currently rebounds above the 2171 position. We can first short gold in the 2171-2175 area.

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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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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. If you have already shorted gold, you can add a position to short gold in this area.

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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. At present, gold has begun to fall again, and our transactions have begun to be profitable again. We need to endure this loneliness during the transaction process.

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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