Trader_Christofer

Keep shorting gold, keep making money

Short
Trader_Christofer Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The price of gold broke through the 1970 mark in the European market just now, and once refreshed the 1972 high point. At present, it fell back from the high point of 1972 again in an instant, and returned to the bottom of 1965 for consolidation.

First of all, for the U.S. dollar, I currently think that the U.S. dollar is likely to fall here for the last time, although the U.S. dollar has been hovering around the 100 mark and has not risen. But the dollar is now showing clear signs of bottoming out.

In addition, from the perspective of gold, the obvious strong suppression area near 1970 in the early stage took a long time to rectify before it came out of the space. At present, it is definitely not so easy to go up near 1970 again, so it is very likely that gold will maintain the same 1970-40 consolidation as before. Then it will be easy to operate in the next step. We still need to maintain the short trend of gold to operate.

In the 1960-70 range, it is still possible to open a position to short gold, and the target below is 1950-48.

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Trade active:
Boldly increase positions and short gold near 1978, the positions can be a little more
Trade active:
Continue to increase positions and short gold around 1983
Trade active:
The short position currently increased around 1983 has made a decent profit
Trade active:
Trade active:
Currently on the way to profit, waiting patiently to expand profits
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