We began warning this morning that gold is about to start fluctuating. Shorting at short-term rebound highs is recommended. We've already achieved good returns by going short directly in the European session.
Gold's 1-hour chart shows the formation of a double top. It has now fallen below 3853 and is testing the initial support level of the uptrend. If this level is broken, it will fall further and test the support levels of 3810-3800. Continue shorting during a rebound in the New York market.
Resistance levels: 3853, 3972
Support levels: 3824, 3812
For specific trading decisions, please follow my live updates. I will update my trading ideas and strategies daily. If you don't have a plan or strategy for gold trading and are struggling to achieve consistent profits, you can refer to and follow my updates for guidance and help you avoid mistakes.
Gold's 1-hour chart shows the formation of a double top. It has now fallen below 3853 and is testing the initial support level of the uptrend. If this level is broken, it will fall further and test the support levels of 3810-3800. Continue shorting during a rebound in the New York market.
Resistance levels: 3853, 3972
Support levels: 3824, 3812
For specific trading decisions, please follow my live updates. I will update my trading ideas and strategies daily. If you don't have a plan or strategy for gold trading and are struggling to achieve consistent profits, you can refer to and follow my updates for guidance and help you avoid mistakes.
Trade active
If you don't have a detailed trading plan for gold, follow my updates. I'll update my strategies and ideas daily for your reference, helping you avoid detours on your trading journey.Trade closed: target reached
Short orders have been bought, waiting for gold to fallNote
Pay attention to the range of 3843-3862, I will hold short orders and wait for a decline
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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.
Join my telegram channel for free- t.me/GoldBitcoinSharing Want receive more profitable signals for Crypto & Forex market, write me
Related publications
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.