Seize the opportunity of short-term shorting gold

I reminded in the previous article that this week is likely to be an opportunity for bulls to set sail, and gold will definitely challenge the 1938-40 resistance area. Clearly gold is moving pretty much in line with my expectations and is currently challenging my expected resistance zone.

Well, gold is currently challenging the 1938-40 resistance area and has failed to break through many times, so gold is likely to fall here in the short term to gain momentum. I also reminded in the article yesterday that it is relatively safe to short gold at least in the area around 1935, so in short-term trading today, the trading strategy I announced today is:

Xauusd: @1938-40 Sell, TP: 1930

We still continue to hold the transaction order and have already made a small profit. I think this is a good phenomenon, and it is very likely to reach my expected profit target.

For more trading signals and trading plans, you can follow the bottom of the article to view the details!

Trade active:

Gold has successfully reached the profit target of 1930, and we have reaped very good profits

Trade active:

Are you waiting for an opportunity to go long on gold? I will continue to trade gold later

Trade active:

After patiently waiting for gold to fall, continue to be long gold

Trade active:

Patiently waiting for the opportunity to go long on gold