Gold will continue to fall and profits are about to fly
Dear friends, gold fell back again after hitting near 2181 during the rebound, and is currently trading near 2175. My trading idea today is very simple. First of all, the rhythm of short trading is still maintained overall, but the short-term level constitutes a head and shoulders bottom pattern, so in terms of trading, we first go long gold, and then short gold. For specific details, you can refer to my previous article. First, go long gold near the 2165 position; second, short gold in batches in the 2175-2180 area.
Judging from the current trend, although gold touched near the 2181 position during the rebound, the candle chart closed with a long upper shadow line, proving that there is still strong resistance above. And if gold can never break through the 2185 position, then there will be a wave of downward trend in gold. This is also the reason why I am not in a hurry to close my position even though gold is currently profitable!
So on the trading side, currently our gold short position has not hit TP. But you don’t need to worry, I will accompany you through this lonely journey. And I guarantee you’ll make money on this deal.I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Judging from the current trend, although gold touched near the 2181 position during the rebound, the candle chart closed with a long upper shadow line, proving that there is still strong resistance above. And if gold can never break through the 2185 position, then there will be a wave of downward trend in gold. This is also the reason why I am not in a hurry to close my position even though gold is currently profitable!
So on the trading side, currently our gold short position has not hit TP. But you don’t need to worry, I will accompany you through this lonely journey. And I guarantee you’ll make money on this deal.I share detailed trading ideas and trading strategies every day, hoping to help all my followers continue to make profits in the market! If you are worried about missing trading opportunities, you can follow the channel at the bottom of the article to get detailed trading signals, trading strategies, trading lots, and TP and SL in the first time.
Trade active:
Gold has now pulled back to around 2173. If gold falls below 2170, gold will accelerate its decline.
Trade active:
Gold not only fell below 2180, but now even fell below 2175, then gold will continue to fall. Our gold short position will definitely exit by hitting TP
Trade active:
Although the downward momentum of gold has slowed down, as long as gold remains below 2175, gold will 100% continue to fall.
Trade active:
I expect gold to at least test the 2165-2160 area again
Trade active:
Gold has not even been able to reach the 2175 position during its recovery, so gold will continue to fall after the market opens.
Trade active:
Gold did not close firmly above 2175, and gold will continue to correct on the whole. So wait patiently for gold to rebound and then short gold again
Trade active:
Gold has rebounded as expected in the short term. We will wait patiently for the opportunity to short gold again.
Trade active:
Do you think gold will continue to fall?
Trade active:
We continue to place the dividing point between long and short positions near 2181. If gold touches near this position, we can continue to consider shorting gold.
