Gold is so crazy, can we short gold?
Dear friends, today gold is once again strongly approaching the 2220 integer mark, and the market has a high sentiment of following the trend. However, gold has not crossed this mark after all, and is currently stuck near the 2217 position. I know that many people in the market are targeting the 2245-2250 area. But what I want to remind is that before gold breaks through the 2220-2230 area, even higher goals will be in vain.
The current market is crazy, but behind the madness is the correct logic of the market. Judging from the current trend, gold is undoubtedly a bullish trend, but after gold approached the 2220 position area, the price did not amplify further, and emotional buying was not particularly aggressive, so the appeal of gold at high levels was not particularly sufficient.the market remains rational.
On the other hand, the sharp rise in gold has made the deviation rate slightly larger, and gold has a certain need for repairs at the technical level; and if gold fails to challenge the previous high again, then gold profits may be eager to cash in and trigger a wave of gold selling. Gold is still likely to repeat the previous round of gold declines.
So I think when the gold market is extremely crazy, we need to be more cautious in our transactions to avoid funds being trapped in high positions. Then we can divide it into two parts in the transaction. At the short-term level, you can wait for gold to fall back and go long on gold to seize the profits of small-level longs; at the same time, short gold on rallies in small batches at a relatively high position as possible to make mid- and long-term planning! I believe you will definitely reap profits beyond your expectations by then.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
The current market is crazy, but behind the madness is the correct logic of the market. Judging from the current trend, gold is undoubtedly a bullish trend, but after gold approached the 2220 position area, the price did not amplify further, and emotional buying was not particularly aggressive, so the appeal of gold at high levels was not particularly sufficient.the market remains rational.
On the other hand, the sharp rise in gold has made the deviation rate slightly larger, and gold has a certain need for repairs at the technical level; and if gold fails to challenge the previous high again, then gold profits may be eager to cash in and trigger a wave of gold selling. Gold is still likely to repeat the previous round of gold declines.
So I think when the gold market is extremely crazy, we need to be more cautious in our transactions to avoid funds being trapped in high positions. Then we can divide it into two parts in the transaction. At the short-term level, you can wait for gold to fall back and go long on gold to seize the profits of small-level longs; at the same time, short gold on rallies in small batches at a relatively high position as possible to make mid- and long-term planning! I believe you will definitely reap profits beyond your expectations by then.
I will share detailed trading ideas and trading signals every day to help everyone grasp the rhythm of market trading. If you are currently losing money, I am confident that I can help you turn losses into profits in a short period of time; if you are currently making profits, I am more capable of helping you increase profits. If you want to seize more trading opportunities and profits, you can follow the channel at the bottom of the article to get detailed trading signals and trading strategies in the first time.
Trade active:
If gold stops at 2220, then gold still needs to fall back and adjust.
Trade active:
If gold can still fall back below 2200 today, it will be a clear signal that gold will fall.
Trade active:
I think we can use small batches to short gold appropriately in the 2223-2225 area
Trade active:
When we choose to short gold, we must pay attention to small batch transactions
Trade active:
I currently still hold a short position in the 2223-2225 area, we can continue to hold it and see what happens next
Trade active:
At present, gold's bull momentum is gradually weakening, and it may need to fall back early next week to confirm support. This is our opportunity for short trading.
Trade active:
Gold was boosted by the news and broke through the 2230 position in one fell swoop. This is crazy.
