Will gold continue to fall? Today's Trading Strategy

At present, gold has been fluctuating and rising. After 1900 was broken yesterday, it only fell to the 1896 line. It did not continue the downward trend, but quickly rebounded and corrected, closing above 1900.

The current trend is basically similar to the previous trend, and a double bottom has been formed below. The counterattack trend of bulls is ready to enter the market at any time, and now we can be sure that the space for shorts to fall is limited, and we cannot blindly chase shorts. At present, we are waiting for the establishment of the bull signal, and the bears will not be able to continue the decline unless they continue to break low, otherwise all the declines are just a signal to establish the bulls' entry.


Back to the topic, the downtrend of gold is not over yet, the operation needs to be treated with caution, today we will first look at the 1900-1897 line below, reach this range to find the low point and enter the market to do long

BUY: 1900~1897,
SL:1894,
TP1:1905
TP2:1910

The European and American market rose to 1911-1913, which can be shorted

SELL:1911~1913
SL:1920
TP1:1908
TP2:1905

Trade active:

Today’s low point is perfectly predicted, go long around 1900, and rise to 1907 in the short term. The recent daily fluctuations in gold are not large, and it is enough to be profitable

Trade active:

Predicted today's gold trend, the high-altitude low-many points are correct

Trade active

Trade active