Gold's 9-game winning streak: Don't chase short gold easily
Dear friends, gold fell back after rising high during the day. Gold continued to fall during the U.S. trading session. At present, gold fell back to the lowest position near 2166. The gold trading orders that we gradually shorted in batches all left the market with profits near the 2170 position, continuing our 9-game winning streak for gold!
According to the current trend of continuous decline on the 4-hour level chart, after the candlestick chart broke through the short-term moving average, the short-term trend also began to weaken. However, the current hourly deviation rate is slightly too large, and the price has touched near the early support band. In the short term, there may not be much room for continued decline in gold trends. The technical form of the small-level cyclical trend has also begun to gradually adjust and complete the repair. In the short term, I may be more inclined to see gold rebound and repair.
Therefore, according to the current trend pattern, we should not easily chase short gold for the time being. If opportunities permit, we may be able to participate in short-term long gold transactions. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
According to the current trend of continuous decline on the 4-hour level chart, after the candlestick chart broke through the short-term moving average, the short-term trend also began to weaken. However, the current hourly deviation rate is slightly too large, and the price has touched near the early support band. In the short term, there may not be much room for continued decline in gold trends. The technical form of the small-level cyclical trend has also begun to gradually adjust and complete the repair. In the short term, I may be more inclined to see gold rebound and repair.
Therefore, according to the current trend pattern, we should not easily chase short gold for the time being. If opportunities permit, we may be able to participate in short-term long gold transactions. I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Trade active:
I think we can look for opportunities to do long gold appropriately in the 2172-2168 area.
Trade active:
Gold is now in the middle, with no reliable support or resistance nearby, so we still need to be patient and wait for the right trading opportunity.
Trade active:
If gold moves up to the 2190-2192 area, we can try to short gold in small batches
Trade active:
In the short-term rebound, gold only touched the highest position near 2184. This is not the ideal position to short gold. We need to be patient and wait for a more suitable opportunity.
Trade active:
Gold has fallen into shock in a short period of time. We will wait and see without participating in any transactions for the time being, waiting for gold to choose its direction.
Trade active:
Gold may once again fall into range oscillations, so next we can sell high and buy low within the range.
