Gold Trading Strategy Today: Bounce Short
Gold continued its inertial decline yesterday, with the lowest drop in the 1981 area. After yesterday's drop, the current pressure has moved down to the 2008 area. That is to say, if the gold rebounds and encounters this place, it can still be shorted and enter the game to fall again. Gold fell by
50
on Friday, which also shows that the price of gold bulls in 2030 is a decline in kinetic energy. The daily and weekly lines are expected to continue to fall. The bank’s financial report on Friday is not as pessimistic as the market expects, so it means that Silicon Valley Bank has collapsed. This is a case that did not extend to other financial and banking fields, and the risk aversion temporarily faded, so the data market is temporarily sidelined, and it is reasonable to take profits after the sharp rise in gold in the early stage. Gold, which shows that the space above 2050 is not too far away, and technically, the current pressure will move down to the 2008 area.
After two bardos appear on the gold continuous daily line, another big yin will open today. The second housing market crisis in 2008 also eased and Lehman collapsed, as well as the European debt crisis. Then gold rose to the 1920 area, but when everyone was chasing it, it fell all the way from 1920 to the 1045 area. It fell for 7 years and fluctuated for 7 years. What the trade needs to do now is to rebound the pressure, which is to enter the short position and stop the loss at $8. When it pulls back down to around
8
to
10
, you can move your losses to your entry position. Historical highs fluctuate greatly, so as long as you control your wet positions, you have a chance to get out.
Specific operation strategy: current pressure zone 2003-2008 short position, SL 2016 TP1985
Welcome to pay attention to more accurate real-time strategies, or find me on the home page
GOLD
XAUUSD1!
MGC1!
After two bardos appear on the gold continuous daily line, another big yin will open today. The second housing market crisis in 2008 also eased and Lehman collapsed, as well as the European debt crisis. Then gold rose to the 1920 area, but when everyone was chasing it, it fell all the way from 1920 to the 1045 area. It fell for 7 years and fluctuated for 7 years. What the trade needs to do now is to rebound the pressure, which is to enter the short position and stop the loss at $8. When it pulls back down to around
8
to
10
, you can move your losses to your entry position. Historical highs fluctuate greatly, so as long as you control your wet positions, you have a chance to get out. Specific operation strategy: current pressure zone 2003-2008 short position, SL 2016 TP1985
Welcome to pay attention to more accurate real-time strategies, or find me on the home page
GOLD
XAUUSD1!
MGC1!
Trade active
Trade active
Comment:
buy short position
Trade active
Comment:
Congratulations to the friends who follow, they are expanding their profits
Trade active
Trade active
Comment:
About to reach the profit stop point
Trade closed: target reached
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