Gold is currently testing the resistance in the range of 1820-1823. If it can break through the resistance, the price is expected to rise to around 1831. If it cannot break through, it is expected to fall below 1813.
Based on the current trend, the probability of a direct upward breakthrough is not high. It is expected to rise and then fall back rapidly, just like yesterday. Therefore, I believe short positions can be initiated in the range of 1820-1825 with profit-taking at 1815-1810.
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Comment:
Gold is falling, focus on support around 1816
Comment:
Take profit around 1815 has been reached
Comment:
Data favors gold, with short-term rebound in gold above 1820. Pay attention to resistance near 1823, and if it cannot be broken, continue to short.
Trade active:
The short-term rally has pushed up nearly $10, but resistance appears to be significant at present. It may be an opportunity to enter a short position again within the range of 1823-1826, with a take-profit target at 1816-1813
Trade active:
Gold continues to rise and breaks through the resistance at 1823. Currently, 1823 has become a support level, and attention should be paid to the level around 1831 for potential position increase.
Comment:
Pay attention to support around 1823.
Comment:
Increasing short positions, take profit at 1825
Comment:
After reaching 1823, gold prices directly rose to 1832 on the station. Currently, it is near the resistance level. If this position is broken, the market space will further open up, and it is highly probable to reach around 1837. However, the increase has been significant at present. Bears can continue to hold and go long by locking in at the current position, waiting for further market development before trading.
Comment:
Gold fell back in the short term, the increased short positions near 1832 can take profit first, and the ones in the 1826-1823 range can continue to be held
Comment:
Or you can take profit of the empty orders in the range of 1826-1823, leaving the positions near 1832
Comment:
You can choose to take profit on your short position near 1824-1826, or close both your long and short positions at this level
