Get ready to start short-term gold selling

Today, I went long gold at 2310 and 2305 respectively and made a very good profit. Gold is currently trading around 2329. Judging from the recent trend of gold, gold has repeatedly touched the 2305 position area and quickly recovered, and this area happens to be the dividing line of the upward trend, indicating that although the bullish momentum has weakened compared with the previous period, there is still room for defense.this is also the reason why gold’s adjustment has not been effectively extended.

According to the current trend pattern, although gold is in a correction trend as a whole, unlike the previous unilateral rise pattern, gold is sweeping back and forth during the adjustment process.The non-continuation of the callback sets the tone for a shock adjustment. Therefore, we must master the trading rhythm during the trading process, and never chase the rise and kill the fall! Only in this way can you make stable profits in both long and short transactions!

Gold is currently trading near the 2330 area. According to the current situation, gold still has room for a rebound. Above 2330, I will consider gradually starting to short gold. The top will focus on the short-term resistance area of 2335-2340, and the bottom will first focus on the short-term support area of 2320-2315.

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Gold fluctuated violently in the short term when the data was released, but so far it has not fallen to a large extent. We can wait patiently. I have shorted gold above 2330 as planned. Let us look forward to the fall of gold!

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Gold has fallen rapidly in the short term, and our short positions have begun to make good profits

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Gold has hit TP: 2318

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In the gold short trade just now, I made a profit of more than 10K. Now that gold has fallen, we should not chase short gold for the time being. I will consider going long gold later.

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Gold has completed the construction of a double bottom structure at the short-term level, and gold still has room for a rebound in the short-term. If you just went long gold as I said, you can set the TP to 2328 like me

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Gold hit TP: 2328 and continued its strong rebound. It has now exceeded 2340. However, after the strong breakthrough, the rebound has insufficient stamina. So I would first consider shorting gold in the 2345-2350 area.

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Set TP:2326

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Gold rose to a maximum of around 2344.9, then fell back and surged higher for the second time, but still failed to break through 2345, and formed the second high point of the short-term structure, building a short-term double-top structure. Therefore, the short-term level of gold will fall to a certain extent. I have shorted gold above the 2342 position and set TP: 2326. I hope gold will hit TP again!

Comment:

Wait patiently for gold to hit TP: 2326

Trade active:

Wait patiently for gold to hit TP: 2326