Trader_Manuel

Start considering shorting gold in batches

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear friends, gold is still consolidating around 2180. From a graphic point of view, gold still maintains a bullish pattern, but relatively speaking, the bullish energy is showing signs of weakness.Then gold is likely to see a correction in the short term, and is expected to retreat again and test the strength of the long-short dividing line.

In the last article, I reminded that I would choose to be cautious in pursuing long gold in the short term. On the contrary, I would focus on shorting gold in the short term. As long as gold cannot effectively break through upward, gold will at least test around 2160 in the short term, and may even test the 2155-2150 area. So in the short term, in terms of trading, I tend to short gold gradually in batches above 2180, and I hope that today's transaction will bring us good profits.

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Shorting gold near the 2180 position and already making part of the profit
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Gold fell back below 2080 again, and we still have some profits
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You can continue to add positions to short gold near the 2184 position
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Let us patiently wait for gold to fall back
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