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Explorer-k
Mar 5, 2024 5:24 AM

XAUUSD:Waiting for the opportunity to short Short

GoldOANDA

Description



Gold's long-term bears are starting to show strength. Today the market changes have not happened yet. Viable areas of value are already in place. We can enter the market to take short positions and trade them. The price reference pressure is at 2130, and choosing 2130 based on the second low on the right is a very good position. We just have to plan around that. Yesterday, we arranged short entries and stop-loss exits without hesitation. For such a skyrocketing market, there is really no need. Just hold or hold a short position and wait for market opportunities.

Tuesday is not an opportunity to move the market. You can only enter the market patiently and enter the market with a short position at a high position. The point may not be the best, but the entry point of value selection is more in line with the ideological framework of relative trading, and there is sufficient profit margin. We now have the idea and direction of shorting near the 2130 price. When prices are high, there is no need to consider a breakout. Market breakthroughs belong to those with a big heart. In fact, this is how trading works. You can go long at this time, but you must stop the loss well. The market is strong enough at this point to cause losses on all your orders. We also need to be patient and be prepared to move in a bearish direction.

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