Consider shorting gold first, then going long gold

Dear friends, gold is currently affected by geopolitical conflicts, which has led to a surge in risk aversion in the market, thus stimulating the rise of gold. Gold has reached its highest level near 2054 and is currently trading near 2050.

From a technical perspective, gold has now broken through the downward channel, and the bullish energy has regained its dominant position. However, in the short term, gold still faces resistance in the 2053-2055 area, so I expect that gold will have a demand for a fall after touching this area. Therefore, in short-term trading, we can first short gold near the 2052 position, wait for gold to fall back, and then backhand long gold.

So at present, I advocate shorting gold around the 2052 position first, and then going long gold after gold falls back. I share detailed trading ideas and trading strategies every day. The gears of destiny are turning. I hope that with my help, we can all make continuous profits in the market! And you can follow the details at the bottom of the article to get detailed trading signals, trading lot size, TP and SL.

Trade active:

Stimulated by PPI data, gold rebounded again. We currently continue to hold short positions in gold and wait for gold to fall back.