Gold (XAUUSD)
Short
Updated

Gold short position wins big, have you followed it?

184
When I issued the signal to short gold, many brothers were skeptical and hesitated to place orders, and some even missed this short order feast. Some friends also left messages saying that I was trading against the trend. I am no longer surprised by these moves, because I have a very clear trading plan, which is also the confidence cultivated from years of trading.

Many brothers don’t understand why I shorted gold. In fact, in the previous point, I have already clearly analyzed the motivation for shorting gold. I will not easily send out a trading signal without absolute certainty. I am not only responsible for my own real money, but also cannot let down those brothers who support me. I am fully prepared before sending out the signal. Brothers who support me, please feel free to follow my steps boldly. I am waiting for you in the channel.

Back to the point. At present, gold short positions are still in a significantly profitable state. Judging from the technical trend, the price of gold has entered a consolidation phase, with the range of fluctuations narrowing significantly and continuing to fluctuate around 3870, indicating that this price range has a strong supporting effect on the gold price. It is recommended to focus on the subsequent movements of this key support level. The trading strategy maintains the previous views and is expected to have room for downward movement in the future. At this stage, we need to remain patient and wait for clear signals.

The following are my personal opinions. If you agree, please like and follow me! If you have better trading ideas, you can also leave a message in the comment section to share them!
Trade active
An hour ago, I predicted that there would be room for further decline. Sure enough, the gold price fell further and is currently testing the 3860 support. I will continue to maintain the previous view strategy and pay close attention to the 3860 support level.
Trade closed: target reached
Very nice! The gold price is falling further, which perfectly confirms my prediction!

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.