Short XAUUSD at 1835-1840

Yesterday, gold quickly rebounded after testing support at the 1805 level. As mentioned in previous articles, there was a demand for gold to rebound, and it was expected to rebound to the 1820 level. The current market rebounded to around 1835, which was slightly beyond expectations. The market seemed to show a reversal, and the market sentiment also began to shift towards bullishness.

However, in my view, the range of 1835-1840 is still a suitable area for shorting gold. The long-term trend of gold is still bearish, and the short-term strong rebound is just a deception. I will continue to short gold at high levels, with a final target of focusing on below 1800. Perhaps only a few people will support my viewpoint, but it is not important. I will stick to my opinion.

Personal trading suggestion: Short gold at 1835-1840, with the first target of focusing on 1820, the second target of 1805, and the third target of 1780. Stop loss at 1850.

At the same time, I will update the latest layout ideas in a timely manner. Thank you for your attention and support. I only do the most authentic analysis.

XAUUSD XAUUSD GOLD

Trade active:

now 1840 sell

Trade active:

start profiting

Trade active:

holding

Trade active:

1835 short term profit